Search found 409 matches

by iwealth
Sun Jul 31, 2016 8:19 am
Forum: Other Discussions
Topic: Fudged Numbers Support Claims of Gender Gap in Salaries
Replies: 31
Views: 9450

Re: Fudged Numbers Support Claims of Gender Gap in Salaries

Apparently you have discovered a market anomaly: a profitable opportunity that no one is seizing. In that case, you should have no trouble with the following plan, which will in fact be greatly aided by your gender. Just open your own competing law firm, hiring women only, and pay them 90% as much ...
by iwealth
Sat Jul 30, 2016 9:36 am
Forum: Other Discussions
Topic: Fudged Numbers Support Claims of Gender Gap in Salaries
Replies: 31
Views: 9450

Re: Fudged Numbers Support Claims of Gender Gap in Salaries

If it were really true that women were underpaid relative to their overall job performance, then any entrepreneur who wanted to make outsized profits (is there any other type?) would hire women preferentially. It wouldn't take everyone in society, or even the majority, just a few people to notice t...
by iwealth
Tue Jul 19, 2016 12:43 pm
Forum: Permanent Portfolio Discussion
Topic: Things about the PP that do not make sense to me
Replies: 37
Views: 10952

Re: Things about the PP that do not make sense to me

Great points, guys. I admit I forgot about the LTT + Cash = ITT duration match but with incremental benefits in different economic scenarios. Also, consider your max drawdown tolerance. Some people are more inclined than others to do unwise things once portfolio values fall a certain amount. It's h...
by iwealth
Tue Jul 19, 2016 11:22 am
Forum: Permanent Portfolio Discussion
Topic: Things about the PP that do not make sense to me
Replies: 37
Views: 10952

Re: Things about the PP that do not make sense to me

I personally do not subscribe to the need for an emergency fund as I am employed and have very marketable skills that make me as confident as anybody that in case I lost my job, I would not be unemployed for long. I also do not have a family and have no dependents, and am healthy with good health i...
by iwealth
Thu Jul 14, 2016 1:34 pm
Forum: Variable Portfolio Discussion
Topic: 20% annual returns over 40 years...interested?
Replies: 576
Views: 193890

Re: 20% annual returns over 40 years...interested?

In my brokerage's paper trading account, going net long approximately $245-250k each asset has a projected overnight initial margin of $43k.

30% DD would be $225k + $43k margin = $268k equity required. That's around 2.75x leverage. Mighty impressive.
by iwealth
Wed Jul 13, 2016 4:14 pm
Forum: Permanent Portfolio Discussion
Topic: Oh Come On
Replies: 111
Views: 22096

Re: Oh Come On

Hehe... Against every fiber in my body I went ahead and exchanged TLT for EDV/Cash in an IRA today. I'm sure I paid a premium, but maintained the 5.6 year duration. The IRA was 100% LTT's and I wanted to balance with stocks and/or gold at a later time. EDV is so monstrously volatile, hope you can h...
by iwealth
Tue Jul 12, 2016 9:40 pm
Forum: Permanent Portfolio Discussion
Topic: Scott Burns' Co on the PP
Replies: 58
Views: 18697

Re: Scott Burns' Co on the PP

The comparison of the 60/40 returns to the 25x4 PP indeed isn't fair, because the owner of the 60/40 needs to hold cash. How much isn't clear, but most would recommend a sizeable enough chunk that it's a significant fraction of the stock/bond portfolio. Similarly, the 60/40 owner has to decide when...
by iwealth
Tue Jul 12, 2016 4:43 pm
Forum: Variable Portfolio Discussion
Topic: 20% annual returns over 40 years...interested?
Replies: 576
Views: 193890

Re: 20% annual returns over 40 years...interested?

Thanks for that explanation. I had to read it twice but it's very clear. Maybe I'm still totally off here but bear with me if you don't mind. If you hold nothing but futures contracts in your account, you don't own anything but cash and the rights to the cash gain or losses associated with the futur...
by iwealth
Tue Jul 12, 2016 2:52 pm
Forum: Variable Portfolio Discussion
Topic: 20% annual returns over 40 years...interested?
Replies: 576
Views: 193890

Re: 20% annual returns over 40 years...interested?

Interesting ...I executed the above in my broker's paper trading account and it only used 3,850 in margin. 1000 of that is for the equity portion and 2850 is for the futures portion. I'm going to continue this paper trading experiment, but with only 3850 used in margin and an estimated trading cost...
by iwealth
Sun Jul 10, 2016 6:03 pm
Forum: Stocks
Topic: Why Dividends Are a Scam
Replies: 12
Views: 7889

Re: Why Dividends Are a Scam

Stock dividends don't become qualified by length of holding period. That status is determined by IRS rules relating to the source of the dividend. I was just referring to the specific Apple example. Their dividends qualify or at least they have up to this point. For an individual investor you need ...
by iwealth
Sun Jul 10, 2016 10:22 am
Forum: Permanent Portfolio Discussion
Topic: Oh Come On
Replies: 111
Views: 22096

Re: Oh Come On

The main point of rebalancing is to maintain a consistent risk profile. Agreed, wide bands leave you with potential exposure to a very unbalanced risk profile during an extreme market event. Not sure I'd feel comfortable holding onto a 38/12/38/12 portfolio just because a backtest tells me doing so...
by iwealth
Sun Jul 10, 2016 8:52 am
Forum: Stocks
Topic: Why Dividends Are a Scam
Replies: 12
Views: 7889

Re: Why Dividends Are a Scam

http://s19.postimg.org/4o3yqz1mb/screenshot_2016_07_10_at_05_04_32.png These calculations don't make sense to me. A corp is taxed on profits whether they retain it or pay it out in dividends so the 35% federal + 8.84% CA tax are going to happen no matter what. As long as you hold the Apple stock fo...