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money [2020/02/04 08:37]
admin
money [2020/07/27 09:03]
admin [Beneficiaries and stuff]
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 //"The whole investing **industry** exists only by making commissions on trades and charging you fees for assets under management. Hence they encourage active trading/management funds and rarely let you see how you perform relative to an index fund (usually worse)" --Marion Boersma (grandpa)// //"The whole investing **industry** exists only by making commissions on trades and charging you fees for assets under management. Hence they encourage active trading/management funds and rarely let you see how you perform relative to an index fund (usually worse)" --Marion Boersma (grandpa)//
  
-//Your fees are based on the amount of assets managed, which aligns our incentives with yours -- when you do well, we do well. -- Fisher Investments// Uhh...what about when I do poorly? +//Your fees are based on the amount of assets managed, which aligns our incentives with yours -- when you do well, we do well. -- Fisher Investments// Uhh...what about when I do poorly? **You still do well!**
  
 //"You hear stories of secretaries at Microsoft being millionaires, their groundskeepers driving a Ferrari...I didn't want to be an innovator, I just wanted to make a quick, easy buck. I just wanted in" -- Boiler Room// //"You hear stories of secretaries at Microsoft being millionaires, their groundskeepers driving a Ferrari...I didn't want to be an innovator, I just wanted to make a quick, easy buck. I just wanted in" -- Boiler Room//
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   * Plus the world improves more measurably as compared to "yeah I made a bunch of money! (off of other investors, which is a zero-sum game)". //Arguably though, investors help to some extent by somewhat efficiently allocating capital to profitable ventures//   * Plus the world improves more measurably as compared to "yeah I made a bunch of money! (off of other investors, which is a zero-sum game)". //Arguably though, investors help to some extent by somewhat efficiently allocating capital to profitable ventures//
   * //I need some more justification of this, but it feels right//   * //I need some more justification of this, but it feels right//
 +<blockquote>Do something where you’re performing a real service for people. It’ll be a success. I like investment counseling. And I like helping others. It gives you pleasure you can’t get spending thousands of dollars. Sir John Templeton, May 1951</blockquote>
  
-===== Fidelity Auto Investment Pages =====+ 
 +===== Breaking the Market ===== 
 +Fascinating series of posts. 
 + 
 +=== Investing Games === 
 +https://breakingthemarket.com/math-games/ 
 + 
 +By rolling ahead your bet, the odds start going against you! By making your bet size static or a static portion of your pot, you can keep the odds in your favor. 
 + 
 +Assumes that buy and hold in one stock is a coin flip every day, which obviously it isn't. However maybe it's similar?! 
 + 
 +^ Real Life ^ Coin Flip Game ^ Outcome ^ 
 +| Buy and Hold | Reinvest winnings each time | Losing game | 
 +| Index Fund | Reinvest 1/N winnings across N stocks, is it rebalancing? | Maybe winning? | 
 +| Traditional Portfolio | Rebalance winners and buy losers | Winning, barely | 
 +| Trend Following | | | 
 +| Best strategy | Fixed bet size, arithmetic! | But then your money would never grow... | 
 + 
 + 
 +===== Fidelity Pages =====
 For whatever reason they're all different and have misunderstandings of the term "automatic investment". For whatever reason they're all different and have misunderstandings of the term "automatic investment".
 ^ Loc ^ URL ^ ^ Loc ^ URL ^
-HSA | https://digital.fidelity.com/ftgw/digital/sai/basics?accountNumber=220887476&channel=nb +Auto-Invest (for all accounts, has links to individual pages) | https://digital.fidelity.com/ftgw/digital/auto-invest 
-BrokerageLink | https://oltx.fidelity.com/ftgw/fbc/ofaccounts/bfal?ACCOUNT=652710109#/welcome |+EFT Transfer Request | https://digital.fidelity.com/ftgw/digital/universal-tracker/ |
 ===== Remaining Questions / Misunderstandings ===== ===== Remaining Questions / Misunderstandings =====
 Mostly points for Jeff Eischen. Mostly points for Jeff Eischen.
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 Also: https://www.marklines.com/en/statistics/flash_sales/salesfig_usa_2018 Also: https://www.marklines.com/en/statistics/flash_sales/salesfig_usa_2018
  
-===== Household Debt Composition =====+ 
 +===== Debt Composition ===== 
 +{{:pasted:20200409-125827.png}} 
 + 
 +==== Household ====
 {{:pasted:20190316-091342.png}} {{:pasted:20190316-091342.png}}
  
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 ===== Options Trading ===== ===== Options Trading =====
 +==== Fritz ====
 +https://www.theretirementmanifesto.com/option-trading-strategy/
 +
 +Covered call strategy. Relies on you understanding a good price for the stock, like it says below.
 +
 +Intel guy had similar opinions.
 +
 ==== Wealthy Accountant ==== ==== Wealthy Accountant ====
 <blockquote>The naked puts are fun (and profitable). If the stock doesn’t decline to my buying point I keep the premium and if it does I get to own a piece of a business I wanted to own.</blockquote> <blockquote>The naked puts are fun (and profitable). If the stock doesn’t decline to my buying point I keep the premium and if it does I get to own a piece of a business I wanted to own.</blockquote>
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 ===== Fidelity 401k ===== ===== Fidelity 401k =====
 +==== Detailed Transactions ====
 +{{:pasted:20200617-131616.png}}
  
 So, apparently you can invest your money into other funds, it's called BrokerageLink.  So, apparently you can invest your money into other funds, it's called BrokerageLink. 
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 === Philosophical Economics === === Philosophical Economics ===
 +Written by Jesse Livermore: https://twitter.com/Jesse_Livermore
 +
 Great introduction into why index funds match the average actively invested dollar. TODO write summary for review and understanding. Great introduction into why index funds match the average actively invested dollar. TODO write summary for review and understanding.
  
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   * Make sure the beneficiaries know who they are and print out all logins and important documents in an easily findable folder in the safe.   * Make sure the beneficiaries know who they are and print out all logins and important documents in an easily findable folder in the safe.
   * Vanguard advice for [[https://investor.vanguard.com/beneficiaries/nonretirement|non-IRA]]  and IRA accounts.   * Vanguard advice for [[https://investor.vanguard.com/beneficiaries/nonretirement|non-IRA]]  and IRA accounts.
 +
 +Writing a will
 +  * Easy to copy a basic one online and have it notarized. Once you sign it, you're done!
 +  * Simplifies a lot of things especially if you forgot to put a beneficiary on your 401k.
 +  * Intel will pay for legal services for this too.
  
 ===== The Richest Man in Babylon ===== ===== The Richest Man in Babylon =====
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 ==== Tax loss harvesting ==== ==== Tax loss harvesting ====
 +Could do it during Coronavirus, but for some reason emotionally don't want to deal with it. 
 +
 +== Implementation in M1 ==
 +  * Adjust asset allocation from VOO/VO/VB to VTI so that losses equal 3K.
 +  * Force rebalance for that amount
 +  * Increase allocation of VTI so that future contributions (30 days worth) will go into VTI and not the ones sold (wash sale)
 +
 +
 Still don't quite feel comfortable. Lots of rules here: https://www.bogleheads.org/wiki/Tax_loss_harvesting#Fine_points_about_tax_loss_harvesting Still don't quite feel comfortable. Lots of rules here: https://www.bogleheads.org/wiki/Tax_loss_harvesting#Fine_points_about_tax_loss_harvesting
   * Don't want automatic reinvesting   * Don't want automatic reinvesting
money.txt · Last modified: 2020/08/05 14:12 by admin