DoddDisciple

Bump! I didn't think this was such an esoteric question :P

I don't know how much more secure it is, but I've only used Coinbase to get USD into BTC. At the very least, they're located in the US and venture funded, so perhaps there could be a class action lawsuit in case something happens. At the same time, I have almost nothing in BTC. I've taken that BTC and split it up equally among any alts on the exchanges and am in buy and hold mode. I just hold the coins directly on the exchanges since otherwise, I'd have to setup more than 300 wallets. My risk is therefore in the altcoin exchanges. However, just to show that the markets aren't as bad as you think, I held about half a BTC's worth of LTCs, and another 0.5 BTC that had already been invested in coins on one exchange. The exchange was hacked and they closed. However, they funded everyone's LTC orders at 85%, so a loss of 15% there. For the remaining coins, I was able to transfer their full amount to other exchanges. I had a group of coins that weren't currently on an exchange and I didn't want to setup wallets for them. I was able to sell the coins at a profit by using the online forums. I have no idea if my strategy is good or not, but at least it's a strategy :P

Looking for a little guidance. I understand you can't claim any withholdings on dividends via the Foreign Tax Credit in stock held in an IRA. However, since I'll be getting small, family-owned companies, do foreign countries withhold on special one time dividends (say, like what George Risk did in the past) or on liquidation payments or any of the other exit strategies these companies can follow? I'm not as concerned about dividends on stocks held in an IRA, since I'm mainly looking for capital gains, being bought out, and special one time distributions. How are these latter two categories penalized if a foreign stock is held in an IRA, if at all? For example, if I hold a French company in an IRA and get bought out and paid cash, does France take a 40% cut like they would on an routine dividend? What about if a firm issues a special one-time large dividend? Thanks :)

I've been using Screener.co. I'm not sure if they have historical price data (I see there is some technical data, but I haven't played with it), but it seems to be sufficient for screening for net-nets.

The Beneish M Score should work with smaller companies, right?

Well, I don't expect to see another x100 or x1000 with BTC, so I've gone absolutely crazy and purchased little bits of between 200-250 altcoins. I just need one to generate a return to break even.

Perfect answer :)

Right, as long as you are young and have money coming in from somewhere, or can be be a miser (and never touch principal, a la Trina from "McTeague") and eat cat food ;) I don't know how pronounced this asset price inflation effect is overseas, but I'd say that it's definitely here in the US. Every $100 tossed into retirement leads to at least $5 going to Apple with hardly a thought to price, valuation, goals, etc.

I've tried this a few times and get this error: Status: You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near '– ((plantpropequipmenta/currencyexchangea) -(totalcurrentassetsa/currencyexcha' at line 1 If someone can get it to work and it's accurate, I'd be really thankful :)

Any feedback on IBIS or any of their optional services/data?

Screener.co is the most cost effective ($25/monthly) global screener you will find for the price. You can do some pretty advanced screens with it if you know SQL, or just stick with the fundamental datapoints you want.

It occurs any where there is indexing to differing degrees. I'm just using the S&P 500 since that's typically the stock component offered and what a majority of people hold. Just looking at the TSP for the government, the C fund is x2 as large as investments in the S and I.

Probably makes more sense than me :P http://www.bloomberg.com/news/2011-08-22/baby-boomers-selling-shares-may-depress-stocks-for-decades-fed-paper-says.html

Since it looks like this thread came back alive, a few questions :) () IRA vs Taxable I understand that you can get a foreign tax credit on taxable accounts, and that if you have a choice between getting IRA or Roth IRA taxed, you want IRA since at least you invested more money at the start. What I don't get is if the foreign tax credit is really worth it. It looks like you have to have sizable dividend income before you want to claim it above the $600 per person amount. I'm also not sure if the same foreign tax withholding can occur on special dividend payments and liquidation/buyout payments. I'm guessing no for the latter, but possibly yes for the former. Additionally, between IB and Fidelity, which one is better at handling the paperwork to make sure the lower amount of withholding/paperwork occurs? () Excluded Exchanges and Lot Sizing I know Fidelity says they can pretty much get any stock, but of course you have to pay. Additionally, I've noticed that through say IB and online trades at Fidelity, you can't access JASDAQ or Osaka stocks. Are there any other excluded, notable exchanges that aren't accessible among the countries these guys service? Aside from some weird minimum lot sizing with Japan, what other countries/exchanges impose things like this? I see it in Singapore as well. () OTC (Foreign Ordinary) These don't have tax withholding and can be held within IRAs, or at least I thought. Watsa had a post on here about FFH and it looked like taxes were inappropriately being held or something at IB. () Level 2 Data, Other Data By my understanding, Level 2 data is the to the minute orderbook, and Level 1 shows lowest sell and highest buy. I've read about people doing a market order and some guys put painful prices out there waiting for a sucker to fill them. Where can I get free Level 2 data to see if my limit order is too generous based on the order book for international stocks? Is any of the IB stuff worth subscribing to? I see Reuters Worldwide Fundamentals for $7 a month, but I'm guessing that's just data and can't be screened. May be worth it though for a quick look at in addition to Financial Times before investing. Thanks :D

True, but the very fact that money flows in and out of these 500 companies as a group means there is the potential for it to be systemic. "Investors" in indexes are buying without any reflection of the price they are paying, so there is a build of irrationality in the pricing. I would actually think of this manner of investing as a form of price leverage. When so many cubicle dwellers got skittish in 08/09, they indiscriminately sold all 500 of these companies. The swings are therefore more pronounced than if they assembled their basket of companies individually.

True, but the argument Siegel presented is that the younger generations won't be investing in the same assets as they are sold fast enough, meaning the stock prices, which have been, to a degree, artificially propped up as a result of forced investment in retirement vehicles, may drop. This makes sense to me. Think of the number of people with Masters and Doctorates working as baristas with massive educational debt. Unless asset flows come from overseas, the largest companies may have a problem asset-price wise.

One phenomena I've read about (I think it was mentioned in the "Future for Investors") is how passive index strategies creates zombie investors who continually prop up asset prices. For example, imagine how much money is flowing into the S&P 500 companies, and of that, a huge chunk just keeps going towards Apple since its capitalization weighted. Once these zombie investors want to take their money out in large numbers, there may be a semi crash-like scenario, since the stocks were propped up by being bought into blindly.

I'm pretty sure the number of people on here who use Screener.co, are familiar with the PROBM model, and can read SQL is close to null, but I might as well ask anyway. I came across this blogpost: http://quantatia.wordpress.com/2013/10/29/using-screener-co-to-implement-quant-value-screens/. It has a PROBM model in SQL, but I'm a little too dense to figure out how to slap a <= -2.2 at the end or some other quantity. Any help is appreciated. I'm not even sure if this covers LFY, TTM, or LFI. Here's the pesky logic in question: ((-4.84) +(0.92) *( CASE WHEN (((((accountsreceivablea/currencyexchangea) / ((totalrevenuea/currencyexchangea) /(365) )))) / ((((accountsreceivablea1/currencyexchangea1) / ((totalrevenuea1/currencyexchangea1) /(365) ))))) IS NULL THEN 1 ELSE (((((accountsreceivablea/currencyexchangea) / ((totalrevenuea/currencyexchangea) /(365) )))) / ((((accountsreceivablea1/currencyexchangea1) / ((totalrevenuea1/currencyexchangea1) /(365) ))))) END ) +(0.528) *( CASE WHEN (((((1) -(costofrevenuea1/currencyexchangea1) / (totalrevenuea1/currencyexchangea1)))) / ((((1) -(costofrevenuea/currencyexchangea) / (totalrevenuea/currencyexchangea))))) IS NULL THEN 1 ELSE (((((1) -(costofrevenuea1/currencyexchangea1) / (totalrevenuea1/currencyexchangea1)))) / ((((1) -(costofrevenuea/currencyexchangea) / (totalrevenuea/currencyexchangea))))) END ) +(0.404) *( (CASE WHEN ( ((1) – ((plantpropequipmenta/currencyexchangea) -(totalcurrentassetsa/currencyexchangea) ) /(totalassetsa/currencyexchangea) ) / ((1) – ((plantpropequipmenta1/currencyexchangea1) -(totalcurrentassetsa1/currencyexchangea1) ) /(totalassetsa1/currencyexchangea1) )) IS NULL THEN 1 ELSE ( ((1) – ((plantpropequipmenta/currencyexchangea) -(totalcurrentassetsa/currencyexchangea) ) /(totalassetsa/currencyexchangea) ) / ((1) – ((plantpropequipmenta1/currencyexchangea1) -(totalcurrentassetsa1/currencyexchangea1) ) /(totalassetsa1/currencyexchangea1) )) END ) ) +(0.892) *( (CASE WHEN ((totalrevenuea/currencyexchangea) / (totalrevenuea1/currencyexchangea1)) IS NULL THEN 1 ELSE ((totalrevenuea/currencyexchangea) / (totalrevenuea1/currencyexchangea1)) END) ) +(0.115) *( (CASE WHEN ( ((depreciationamortizationa1/currencyexchangea1) / ((depreciationamortizationa1/currencyexchangea1) +(plantpropequipmenta1/currencyexchangea1) ) ) / ((depreciationamortizationa/currencyexchangea) / ((depreciationamortizationa/currencyexchangea) +(plantpropequipmenta/currencyexchangea) ) )) IS NULL THEN 1 ELSE ( ((depreciationamortizationa1/currencyexchangea1) / ((depreciationamortizationa1/currencyexchangea1) +(plantpropequipmenta1/currencyexchangea1) ) ) / ((depreciationamortizationa/currencyexchangea) / ((depreciationamortizationa/currencyexchangea) +(plantpropequipmenta/currencyexchangea) ) )) END) ) -(0.172) *((CASE WHEN ( ((sgaexpensea/currencyexchangea) /(totalrevenuea/currencyexchangea) ) / ((sgaexpensea1/currencyexchangea1) /(totalrevenuea1/currencyexchangea1) )) IS NULL THEN 1 ELSE ( ((sgaexpensea/currencyexchangea) /(totalrevenuea/currencyexchangea) ) / ((sgaexpensea1/currencyexchangea1) /(totalrevenuea1/currencyexchangea1) )) END) ) -(0.327) * ((CASE WHEN ( ((totaldebta/currencyexchangea) /(totalassetsa/currencyexchangea) ) / ((totaldebta1/currencyexchangea1) /(totalassetsa1/currencyexchangea1) )) IS NULL THEN 1 ELSE ( ((totaldebta/currencyexchangea) /(totalassetsa/currencyexchangea) ) / ((totaldebta1/currencyexchangea1) /(totalassetsa1/currencyexchangea1) )) END)) +(4.679)*((CASE WHEN ( ((((nibx_ttm*1000000)/fincurrencyexchangerate)/pricingexchangerate) -(totaloperatingcashflowa/currencyexchangea) ) / (totalassetsa/currencyexchangea)) IS NULL THEN 1 ELSE ( ((((nibx_ttm*1000000)/fincurrencyexchangerate)/pricingexchangerate) -(totaloperatingcashflowa/currencyexchangea) ) / (totalassetsa/currencyexchangea)) END)) )

I can understand this, especially if you've bought BTC recently. I'm just buying a little of every single cryptocurrency out there that I can get my hands on. Most will crash and burn, but just 1 has to follow BTC's return trajectory to make it worth it. If the house of cards comes crashing down sooner, I'm not out that much. I was thinking targeting x10, x100, and x1000 as potential sell points (maybe 1/3 of the value the first 2 times, and then a complete sell off at the last mark). However, doing anything around x10 seems too soon, and I'm not sure how likely x1000 is again for any coin. Of course, I know some of these coins are complete garbage, but hey, maybe my half a billion pennies will be worth something one day :P I'm actually adding coins from Coinedup now since they seem to be adding newer coins quicker than Cryptsy.

Alright, that sounds awesome to a degree. So you could have a Roth IRA with post-tax and a HSA with pre-tax beyond a employer's 401k limit and then never touch the money in it? Can you setup a HSA without having health insurance associated with it?

Do the fund options typically suck on an HSA?

Depending on how far you are in accounting, really think if that's what you want to do. There's over 900 comments on the first result for "accounting sucks" on Google. True, you can get to six figures, but you're going to have to burn up a lot of life getting there. Accounting seems like a good way to torture your mind and learn very little about investing. Of course, of all business concentrations, it is probably the best for someone with no connections and could lead to positions outside of the field since it's seen as more "intelligent." If you want to gamble, you can try to do an accounting PhD and make mad money telling people how "great" the career is that you left for academia :P

If you only have $1k, just plop it into the Guggeheim S&P 600 SmallCap Pure Value ETF. You won't be able to cost effectively do anything else and if you lock this up for the next 50+ years, you should be good :)

At what multiple are long BTC and other cryptoholders looking to sell at?

Any luck on finding global level 2 data? Or the order book, if that differs in some way?