hillfronter83

Hi, Pupil, I'm curious where you hold your Stable Value fund.

I think one of the reasons they are paid more is the technology. With private jets, smart phone, big data, etc, etc. A CEO can run a much bigger and more complex company than decades ago. It's like these mega sports stars, I don't think Lebron James is better thank MJ. However, with today's technology, he can sell to a much bigger audience and realize more value for himself. In today's world, it's more than ever winner-takes-all. It's not that those CEOs create more value. They are just in the right position to take more value created by other factors, such as technology.

Has anyone opened a brokerage account (for investment purpose with Interactive Broker) with British Virgin Island company before? Are there any advantages of doing this comparing to a personal brokerage account for individuals where there is no capital gain tax? Thanks!

Is it possible there are some price manipulation? Say people are "trading" with multiple accounts or their friends' accounts to pump up price/volume. Although it's illegal but do authority monitor such behavior? I couldn't figure out any rational reason for owning some of the penny stocks I was looking at. Yet the price could go up 50-100% on a given day. Some of them are clearly fraudulent if people take 10 minutes to read their filings.

Thanks for the information! I checked my IB account. Apparently all prices are round up to the dollar for calculating borrowing cost. Not sure if this is industry norm.

I was looking into penny stocks as short target. One thing I saw repeatedly is that some short stock would pop on huge volume. For example, DDAY is a company that losing tons of money and for last a couple of days, price popped up over 30% on volume 10 times normal day. I suspect insiders are manipulating the stock price since who would want to buy such stock at such amount? But I'm not an expert of trading mechanics. Can someone shed some lights on this?

This is ok and I have done it myself.

Well that depends on whether the judges are randomly chosen or the plaintiffs and defendants can appoint them. If not randomly chosen, the probability is very hard to calculate. i have read that it is random, using a process that court wont disclose EDIT: found the link: http://www.law.du.edu/images/uploads/neutral-assignment/Neutral_assignment_links.pdf (15 years old so process might have changed) In this case the chance is 1 out of 289. However I assume there are other judges that will also believe in law. :) And I still have hope in the US and believe Lamberth is a rare beast in the US judicial system. In other countries like Russia and China, most judges are like Lamberth. The government is always right, no matter what it does. thanks MM in addition to brown and ginsberg, kavanaugh would have been favorable, but not any other particular judge to my knowledge 1 out of 289? i'll take those odds 8) The possibility that at least one of two will be on the panel is about 33%.

CVR Partners (UAN) is a nitrogen fertilizer MLP controlled by Carl Icahn and they will buy RNF at 1.04 UAN plus $2.57 cash per RNF unit. Unit holder will vote for the deal on 2/15/2016. RNF entered some minority unit holder law suit recently. At 10% spread, market is price this deal to fail. In addition, RNF will spin off its Pasadena facility to unit holders before the merger. No idea how much it worth given it's losing money and has about $100m sales. The deal was originally scheduled to close in Q1 2016. Anyone else on the board looking at this?

Adesigar probably posted this for fun, but I'll try to relate it to Mephistopheles' question: Is the price really the decisive factor for choosing tax filing software? Isn't correctness, convenience, speed to complete the process, clarity of instructions, etc. much more important? For anyone on CoBF, IMHO, the most important feature is the capability to painlessly and correctly slurp in your stock investment transactions from your financial providers. If I were you, I'd base my decision on this rather than on other things (like price). Although if you're a buy-and-hold-forever investor or invest only in tax deferred accounts, then perhaps this is not important to you. +1 I have used H&R for years and you can get the deluxe version very cheap (<$10). However, it doesn't import the trade automatically so it's time consuming to figure out all the investment gain/loss, etc. Last year I found issues in H&R due to my flexible spending accounts so you can't rely on tax software 100%. Before H&R I used a CPA, which I don't recommend since unless he/she is very familiar with your situation, you'll still need to fill out a lot questionnaire. My CPA ended up merely as a data entry person and last time I did tax with her I found many errors in my filing. I'm thinking about TurboTax this year since I also set up an investment adviser LLC to handle my families' investment, etc. I would appreciate suggestions regarding Turbo Tax.

No. The same 30-day rule applies to IRA too.

You mean greed? lol.

There is zero trust regarding public filing and insider trading is very common. That's why people (including myself) don't rely on fundamental analysis. Right - I'm not saying people should naively adopt Western-style fundamental analysis, either. I'm just saying what I believe the consensus more or less to be. The other possible way to think about the problem, assuming fundamental analysis was impossible or useless, would be that if you cannot perform fundamental analysis, you cannot invest at all, rather than that you must invest in a more speculative fashion. No one has to enter the domestic securities market. One can always choose not to participate (although seemingly, you cannot easily choose to get out once you are in!). Sorry, I editted my post. Basically investors are responsbile for their own money and they have to do extensive due diligence. This would be hard for anyone not have a presence within China. There are great investment opportunities in China for those have the ability, as demonstrated by BYD etc.

There is zero trust regarding public filing and insider trading is very common. That's why people (including myself) don't rely on western style fundamental analysis. It is very important that you do you due diligence on the target company, similar to a venture capitalist would have done to a startup. My brother in law, who once was a CFO for a HK traded company told me company can even fake cash balance in its bank (not unreasonable if you think that both bank head and company head are appointed government officials). And we are talking about one of the big four as its auditor.

I doubt this is true. By my observation, Buffett is not popular among professionals since people want to get rich quick. And most of the investors are retail investors who probably never heard about Mr. Buffett.

It seems that many money managers charge a quarterly fee if it's a fixed percentage based on market value. I don't know how this is done with performance fee. To those of you manage OPM with performance fee, do you charge your fee all at the end of the year? Thanks.

Stable value fund, sometime called fixed income fund or capital preservation fund, if you have them in our 401K plan. They are guarranted by insurance company and currently returns about 2%.

Check out professor Damodaran's website: http://pages.stern.nyu.edu/~adamodar/

In Snowball, it talked about all the kids on the block would crowd into Buffett's house to watch TV when the got the first color TV in the neighborhood. Probably before he got really famous and when Susie was around. I took a picture when I passed by Omaha a few years ago. Glad no security confronted me, lol.

There was a $0.5/share underwriting fee, which was eliminated or discounted for large order. So I would imagine NAV is slightly under $10/share.

+1 I looked at it in 2011 and didn't see return very attractive. In fact, I rented a townhouse worth $400k for $2600/month. Here is the math: Property tax $6800, Home owner fee $5000. So if you pay 20% down, your interest and insurance will cost about $13500. The profit is about $5900, without deducting repair/vacancy/broker, on $80k downpayment. I would rather buy REIT. This is in NJ and property tax really hurts.

Look in your 401k plan to see if it has an option named stable value fund. Some time the name varies such as capital preservation fund or fixed income fund, etc. But as its name suggests, it provides capital preservation while yields about 1-2% right now.

I'm so thankful that I found this board at the end of last year. Happy thanksgiving to everyone!

I think fantasy football is like porker. A lot of luck (injury, opponents...), but skill definitely matters. From what I saw from my league, people routinely over value super star players. I play in a standard league and most of the "draft guide" suggested RB over QB in the first round, which makes no sense to me. I'm 3-3 and hopefully will be 4-3 tonight. But I got the highest score in the league and a guy had the second lowest score is 6-1 :(

Exciting, Congrats!