2025-04-03-rising
- 精選方式: RISING
討論重點
25篇討論重點條列式總結（附錨點連結與逐條細節）
1. 美國關稅政策與加拿大股票影響 #1
- 政策背景：4名共和黨議員跨黨支持撤銷對加拿大關稅，民主黨主導決議。
- 市場反應：利好加拿大ETF（XIC、EWC）及企業（NTR、MG）。
- 爭議點：論壇管理員被質疑因政治傾向刪除相關股票討論。
2. 美國旅遊業衰退與投資策略 #2
- 現狀：加拿大赴美遊客銳減70%，威脅14萬就業與140億美元消費。
- 做空標的：加國航空（Air Canada）、邊境州酒店業。
- 做多標的：國際旅遊平台、非美區域航空維修公司。
3. 加密貨幣與傳統投資的平衡 #3
- 心理衝突：加密貨幣高報酬 vs. 傳統資產穩定回報。
- 關鍵問題：如何管理貪婪並說服自己接受較低但穩健的報酬？
4. 股票基本面分析工具替代方案 #4
- 需求：快速獲取估值/成長評分（類似Seeking Alpha的Factor Grades）。
- 候選工具：Stock Rover、Koyfin（但介面或功能未完全滿足）。
5. 基金投資的資金流向機制 #5
- 核心問題：資金如何從投資人轉移至基金帳戶？是否集中管理？
- 類型差異：私募基金、ETF、共同基金的運作差異。
6. 債券ETF配置與避險功能 #6
- BND結構：政府債、公司債比例與期限分布。
- 配置建議：1-5檔債券ETF的分散策略（如短期/通膨連結債）。
7. 美國全面關稅的經濟衝擊 #7
- 影響層面：企業成本上升、消費需求疲軟、SP500投資策略調整。
- 政治背景：特朗普政府擬對所有貿易夥伴課20%關稅。
8. Roth IRA中的股息再投資效益 #8
- 股息策略：市場下跌時買入更多股份，長期複利效果。
- 對比標的：高成長科技ETF（如VGT）可能犧牲股息再投資優勢。
9. 市場下跌期的投資心理管理 #9
- 風險擔憂：高比例投入VOO（月收57%），但缺乏危機經驗。
- 緩解措施：緊急預備金、部分轉向貨幣基金以降低波動焦慮。
10. 投資新手提問指南 #10
- 重點：提供結構化提問框架（如年齡、風險承受度）與自主學習資源（Wiki、書單）。
11. 繼承TSP的財務抉擇 #11
- 選項：領現金（清償債務）vs. 轉入IRA（延稅退休儲蓄）。
- 權衡：短期財務自由 vs. 長期保障。
12. 403b退休帳戶的風險配置 #12
- 矛盾點：41歲投資者95%資金投入高風險股票，是否應轉向債券？
13. 跨境ETF的稅務優化 #13
- 選擇原因：愛爾蘭註冊ETF（VUAA、VWRA）股息稅率15%（vs. 美國30%）。
14. 信託高費用組合的簡化 #14
- 痛點：200檔個股轉換為ETF的稅務成本（70萬未實現收益）。
- 提案：Fidelity管理帳戶（低費+稅損收割）vs. 一次性出售。
15. Robinhood第三方整合風險 #15
- 疑慮：優惠服務需
文章核心重點
以下是各篇文章的一句話摘要（條列式輸出）：
- 美國參議院跨黨派決議撤銷對加拿大關稅：4名共和黨議員倒戈支持民主黨提案，今日將表決撤銷關稅，可能利好加拿大相關ETF與企業。
- 美國旅遊業衰退衝擊就業與經濟：加拿大赴美旅客銳減70%，恐損失140萬個工作與140億美元收入，建議做空邊境州旅遊相關股票。
- 加密貨幣與傳統投資的平衡：投資者討論如何調適心理，在加密貨幣高波動與傳統資產穩定回報間取得配置平衡。
- 尋求替代Seeking Alpha的股票評分工具：用戶需求簡潔基本面分析工具，比較Stock Rover、Koyfin等替代方案。
- 基金資金流向的基礎疑問：探討投資人資金如何實際轉入各類基金（如ETF、私募基金）的運作機制。
- 債券ETF配置策略分析：討論BND成分結構，並尋求短期/長期債券ETF的多元化配置建議。
- 美國擬全面加徵20%關稅：特朗普政府計劃擴大關稅至所有貿易夥伴，引發對消費需求與企業利潤的擔憂。
- Roth IRA中股息再投資效益：比較高股息ETF與成長型ETF在免稅帳戶的長期回報差異。
- 新手投資者的市場恐慌應對：年輕投資者擔憂經濟衰退，尋求高比例投入VOO的策略調整與心理建設建議。
- 投資社群每日討論串規範：提供新手提問框架與資源指引，強調結構化諮詢與自主研究。
- 繼承TSP帳戶的財務抉擇：受益人在清償債務（現金領取）與保留退休金（轉入IRA）間的稅務與心理權衡。
- 高風險403b配置的疑慮：41歲投資者猶豫是否應將95%股票部位轉向債券以降低波動風險。
- 非美公民投資愛爾蘭ETF的稅務優勢：新手選擇VUAA與VWRA以降低股息稅負，並確認美元購買管道。
- 信託帳戶的高費用重組：討論如何將200檔個股轉換為低成本ETF，同時最小化資本利得稅影響。
- Robinhood第三方整合的資安疑慮：用戶擔憂連結外部服務的數據風險，徵求實際使用經驗。
- Public平台交易執行爭議：作者質疑賣單成交價差與強制小費設計，決定撤資轉移。
- 機構專屬共同基金的轉移限制：探討如何將特定基金轉換零售級別或替代標的以延緩稅務成本。
- 短期現金存放的債券ETF比較：評估SGOV、AYEN、SXRH在流動性、收益與風險的優劣。
- Bridgewater全天候策略ETF解析：ALLW透過跨資產配置（股債大宗商品）實現經濟週期平衡，目標波動率10%-12%。
- 個股異常波動的成因探討：以LAC為例，分析虛假價格波動是否隱含套利機會或數據錯誤。
- 長期資金鎖定機制需求：尋求10年期被動投資S&P500的監管方案，結合信託與自動再投資功能。
- 投資後參與程度的決策因素：天使投資人分享依創辦人經驗、投資金額調整介入深度的實務案例。
- 2025Q1全球資產回報綜述：美元貶值推升非美股市表現，通膨調整後60/40平衡基金微幅正報酬。
- 股票與房地產投資的取捨：比較指數基金被動管理與房產高收益但高維護成本的優劣。
- Vanguard與Fidelity退休帳戶比較：探討兩平台指數基金（如VOO/VT）費用與追蹤差異，評估轉換必要性。
目錄
- [1.
4 Republican senators break from party to pass new Democrat resolution to reverse US tariffs on Canada - decision to happen today](#1-``` 4-republican-senators-break-from-party-to-pa) - [2.
US tourism officials sound alarm, tourist flighto US sink 70% and could impact up to 140k hospitality jobs and $14B in economic spending](#2-us-tourism-officials-sound-alarm-tourist-fli) - [3.
General question for those of you that believe in Bitcoin: what % of your portfolio is in btc? How do you keep yourself grounded in reality investing for normal returns after noticing the meteoric returns from crypto over the last 5 years for example?](#3-``` general-question-for-those-of-you-that-belie) - [4.
Cheaper Alternatives to Seeking Alpha Factor Grades?](#4-``` cheaper-alternatives-to-seeking-alpha-factor) - [5.
When you invest your money into a fund, where does it initially (literally) go?](#5-``` when-you-invest-your-money-into-a-fund-where) - [6.
Types of bonds to invest in? BND broken out?](#6-``` types-of-bonds-to-invest-in-bnd-broken-out- ) - [7.
Trump to announce new 20% tariffs this week on every single US trading partner, not just the initial group of 10-15 countries prev. stated](#7-``` trump-to-announce-new-20-tariffs-this-week-o) - [8.
Question on how dividends affect total return in a Roth IRA.](#8-``` question-on-how-dividends-affect-total-retur) - [9.
Riding out my first drop without jumping out the window](#9-``` riding-out-my-first-drop-without-jumping-out) - [10.
Daily General Discussion and Advice Thread - April 02, 2025](#10-``` daily-general-discussion-and-advice-thread-) - [11.
Father passed, Thrift Savings Plan non-spouse beneficiary question](#11-``` father-passed-thrift-savings-plan-non-spous) - [12.
403b and market volatility!!](#12-``` 403b-and-market-volatility-
- [13. ```
First-time investor, VUAA and VWRA
```](#13-```
first-time-investor-vuaa-and-vwra
```)
- [14. ```
Trust - Dumping Higj Fee Advisor, Moving to Index Funds or Fidelity Managed Account
```](#14-```
trust-dumping-higj-fee-advisor-moving-to-in)
- [15. ```
Is It Just Me, or Is Robinhoods Security Still a Concern?
```](#15-```
is-it-just-me-or-is-robinhoods-security-sti)
- [16. ```
Has anyone seen slippage on Public that doesn't add up?
```](#16-```
has-anyone-seen-slippage-on-public-that-doe)
- [17. ```
Moving Non-Retirement Institutional Investor Mutual Funds to New Entity - Taxable
```](#17-```
moving-non-retirement-institutional-investo)
- [18. ```
which bonds etf for short-term cash?
```](#18-```
which-bonds-etf-for-short-term-cash-
```)
- [19. ```
ALLW - Bridgewater released an ETF version of All Weather last month with State Street
```](#19-```
allw-bridgewater-released-an-etf-version-of)
- [20. ```
Massive Spikes in Individual Stocks?
```](#20-```
massive-spikes-in-individual-stocks-
```)
- [21. ```
What's a good way to put away money for 10 years?
```](#21-```
what-s-a-good-way-to-put-away-money-for-10-)
- [22. ```
How hands off vs hands on do you tend to be when investing? What drives how involved you become?
```](#22-```
how-hands-off-vs-hands-on-do-you-tend-to-be)
- [23. ```
2025 Q1 asset class returns & new valuations
```](#23-```
2025-q1-asset-class-returns-new-valuations
)
- [24. ```
Stock market or property investmen```, and why?
```](#24-```
stock-market-or-property-investmen```-and-w)
- [25. ```
What makes Vanguard Accoun``` different
```](#25-```
what-makes-vanguard-accoun```-different
```)
---
## 1. ```
4 Republican senators break from party to pass new Democrat resolution to reverse US tariffs on Canada - decision to happen today
``` {#1-```
4-republican-senators-break-from-party-to-pa}
這篇文章的核心討論主題是：
**美國參議院可能通過一項跨黨派決議，撤銷對加拿大進口商品的關稅，以及此政策變動對特定加拿大股票和ETF（如XIC、EWC、NTR、MG）的潛在影響**。
具體要點包括：
1. **政策背景**：民主黨與部分共和黨議員合作推動關稅撤銷，涉及加拿大特定商品，並列舉可能支持的議員（如Tim Kaine、Rand Paul等）。
2. **市場影響**：分析關稅撤銷將如何利好加拿大企業及相關ETF，並強調此為「經濟政策消息」而非政治立場。
3. **爭議**：作者質疑論壇（r-stocks）管理員因政治傾向刪除相關討論，儘管內容明確提及股票代碼與經濟關聯性。
整體聚焦於「政策變動—市場反應」的直接關聯性，並試圖保持中立（僅陳述事實，不評價政策優劣）。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/](https://reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/](https://www.reddit.com/r/investing/comments/1jpr1r8/4_republican_senators_break_from_party_to_pass/)
- **發布時間**: 2025-04-02 23:13:16
### 內容
Edit: Pos``` mentioning how Trump's economic policies impact, well... the economy and stocks, are being mass removed from r-stocks due to "no stocks being mentioned". I posted the exact same post I did here, there, and outlined both stock names and tickers. Seems like r-stocks mods, don't like hearing about how economy and business is down on the candidate they voted for...
--
What stocks this news impac```
TheSTOCKS and TICKERSthat are impacted by this byeconomic policynews are the following: Canadian ETFs (XIC, EWC) and Canadian companies that would benefit from a tariff reversal (NTR, MG)
These stocks are expected to be impacted because was reported 2 hours ago that there's enough Republicans that have crossed the floor to work with Dems on a tariff removal resolution (just for Canada, not for the Liberation Day international tariffs)
- Democrat Senator Tim Kaine has launched a resolution in the US senate to reverse tariffs on Canadian impor``` to the US. It's co-sponsored by Senators Amy Klobuchar and Rand Paul.
- To pass all Democrat senators need to support it, with support from 4 Republican senators. Mitch McConnell, Lisa Murkowski, and Susan Collins have voiced concerns with tariffs and are expected to support the resolution which would help it pass. Decision was expected either yesterday or today.
Note
- This is not a political post, it makes no comment of if tariffs are good or bad, or if one party is better than the other.
- The only thing this talks about is a new devolpment that enough senators across both parties may pass an economic policy reversal
- This was first reported 2 hours ago, and was not previously posted
- It is relevant to stocks and investing, as the economic outlook for many US/Canada listed stocks will change if tariffs are removed.
Source
https://financialpost.com/news/u-s-senate-vote-challenge-trump-justification-tariffs
[https://truthsocial.com/@realDonaldTrump/pos/114266599439835683](`https`://truthsocial.com/@realDonaldTrump/pos/114266599439835683)
### 討論
**評論 1**:
Just because the senate passes a thing doesn't mean the house will?
**評論 2**:
Resolutions don't mean s*** when they can be ignored
**評論 3**:
Out of all the countries, tariffs on Canada make the less sense. Democra know its not going pass the House. It is a symbolic move to put Republicans on the record regarding tariffs. When prices and inflation increase, Democra can say remember how the GOP voted.
**評論 4**:
Don't get ahead of yourself. Even if it passes, it has to go to the Republican majority held congress. And Trump also maintains a veto.
**評論 5**:
I'm on the same side as Rand Paul? I'm going to need a shower after this
---
## 2. ```
US tourism officials sound alarm, tourist fligh``` to US sink 70% and could impact up to 140k hospitality jobs and $14B in economic spending
``` {#2-```
us-tourism-officials-sound-alarm-tourist-fli}
### **核心討論主題總結**
該文章的核心主題是：**分析美國旅遊業因政策影響而大幅下滑的趨勢，並提出相應的股票交易策略（做多與做空）以從中獲利**。
#### **具體要點如下**：
1. **美國旅遊業的現狀與衝擊**
- 加拿大是美國最大的旅遊客源國（佔國際遊客的26%），但近期因美國政策（如關稅、簽證限制、入境爭議等）導致加拿大遊客大幅減少（航空旅行下降70%，陸路下降45%）。
- 歐洲等其他國際遊客也開始減少赴美旅遊（如法國旅行社報告預訂量下降25%）。
2. **經濟影響**
- 旅遊業下滑可能導致美國損失數十億美元收入，並威脅相關就業（如酒店、零售業等）。
3. **作者的交易策略**
- **做空標的**：
- 高度依賴美加航線的航空公司（如Air Canada、WestJet母公司ONEX）。
- 美加邊境州的酒店、餐飲業（如尼亞加拉大瀑布周邊企業）。
- 非必需消費零售商（如Target）。
- **做多標的**：
- 非美國/歐洲的旅遊相關企業（如國際酒店、旅遊預訂平台），因遊客可能轉向歐洲、亞洲等地。
- 區域性航空維修公司（因小型飛機需求可能轉移）。
4. **未來預期**
- 若美國政策擴大到全球範圍，旅遊業衰退可能加劇，進一步驗證交易邏輯。
#### **總結**：
文章結合數據與政策分析，提出一套針對旅遊業衰退的「多空雙向」投資策略，目標是從市場波動中尋找超額收益（alpha）。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/](https://reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/](https://www.reddit.com/r/investing/comments/1jpgecv/us_tourism_officials_sound_alarm_tourist_flights/)
- **發布時間**: 2025-04-02 12:33:57
### 內容
Here is my way of trying to find alpha in an erratic stock market - how I'm trading the US tourism dip.
1. Canada is the US's largest source of tourism: In 2024, 20 million Canadian touris visited the US, spent $20.5 billion, and supported 140,000 US jobs. Canada's population is 40 million, so 50% of the entire country visited, and the US had 77 million touris so 1 country is contributing 26% of visi```.
2. Recent US policies is leading to a tourism boycott from Canadians, and the rest of the world: Touris are boycotting US tourism due to tariffs, annexation threa, new travel barriers, and stories of visitors being unlawfully detained with no due process (in March a Canadian citizen was denied entry due to an expired visa, while this was a worker and not a tourist, instead of being allowed to return to Canada, as is the norm, she was shackled in chains and sent to a private ICE facility for 2 weeks without being able to contact a lawyer or get a bed).
**3. Analys previously predicted policies would decrease tourism by 5%, new numbers released this week show that it's 14x higher:**For Canada alone (26% of US's entire tourism industry with 20 million visitors) - airline travel is**down****70%**, land travel is**down****45%**, and**85%+**of touris survey say they cancelled their US trips.
**4. Here's how I'm planning on using this information to make stock trades into specific companies both long and short:**I'm shorting airlines that have high exposure to Can-US routes (it's been reported that airlines are slashing these routes due to 0 demand, and they is no clear way they can cover this revenue gap with a lower utilized fleet). I'm shorting select hospitality chains (hotels, restauran) with high exposure/retail foot print in US states that border Canada like Niagara Falls. The US travel association says that even just a 10% dip in touris will lead to $2 billion in economic losses and 140,000 jobs at risk (assuming 70% decrease from air travel happens across the board, that's $14b), I expect hospitality to have lower revenues. I'm shorting all non-essential or higher price retailers with a big footprint in hostility states, all these workers being laid off by lack of tourism + the fed job cu``` won't have as much to spend (not my specific trade, but an example would be short Target, long Dollar General).
I'm long, and buying, non-American/Europe hotel chains and travel booking platforms that get most of their revenue ouide the US, as I expect Canadian and international touris to concentrate their spend to Europe/Asia/Oceania travel this summer.
Edit 5. How do the European/International figures play?
It's important to note that the Canadian tourism numbers dipped after the policies that happened in point 2. And we're seeing what those numbers are a few months later now. The US admin is rolling out these policies across the board tomorrow during "Liberation Day". The point here is that we won't see the true vector of an internal tourism boycott both in terms of magnitude and direction until the policies that were enacted on Canada are enacted globally, and consumers have time to adjust behaviour. But if the Canadian consumer is any indication, I have more conviction in my trades. A glimpse into this being a trend is a French travel company reporting to Bloomberg their Europe to US travel bookings are down 25%.
Edit 6. Example of the airline play
Yes I know US airlines are already down a lot. Rode that wave and exited my shor```. Now I'm shorting Air Canada and ONEX (parent company of WestJet), since they have much more exposure to US-Can routes, and are cutting routes dramatically with no increase in capacity elsewhere
Also looking to short airline maitence companies, the food suppliers specific to flight food, and fuel refineries/storage those two airlines use, and retail stores with large exposure to airpor``` that only see US/Canada travel.
But going long on regional air craft hangers since their smaller flee are used the most for US/Canada travel, while their bigger flee will still be active for the europe/asia flight routes that havn't seen impact on demand.
Would like to hear what everyone thinks about this trade play. Thanks!
Source for numbers used
-
[
https://www.ustravel.org/press/potential-resul-decline-canadian-travel-united-states](`https`://www.ustravel.org/press/potential-resul-decline-canadian-travel-united-states) -
https://www.nytimes.com/2025/03/28/world/canada/air-canada-fligh-sea-us.html -
https://financialpost.com/news/canadian-us-shopping-trips-dwindle -
https://www.discovercars.com/blog/us-travel-tourism-statistics -
https://globalnews.ca/news/11080371/canadian-woman-detained-ice-example-immigration-border/ -
https://www.express.co.uk/news/world/2028592/us-tourism-suffer-billion-drop-donald-trump -
[
https://www.bloomberg.com/news/articles/2025-04-01/european-touris-start-avoiding-the-us-as-unknown-territory](`https`://www.bloomberg.com/news/articles/2025-04-01/european-touris-start-avoiding-the-us-as-unknown-territory)
### 討論
**評論 1**:
I'm sure the administration has thought through this thoroughly /s
**評論 2**:
Its not just boycot```. Many countries are issuing travel advisories against the US because people are getting detained by ICE. Its the stupidest shit. Why do we have a clown at the head of the government?
**評論 3**:
United is down 30% this past month. Aren't you late to the party?
**評論 4**:
Wow!
Even free trip with food included to El Salvador didnt help?
**評論 5**:
Its not very hard to make that call as an ou```ider looking in. Even us in this country see the real problem. Unfortunate for all those affected by this situation. Hopefully people start to wake up. Praying for us all.
---
## 3. ```
General question for those of you that believe in Bitcoin: what % of your portfolio is in btc? How do you keep yourself grounded in reality investing for normal returns after noticing the meteoric returns from crypto over the last 5 years for example?
``` {#3-```
general-question-for-those-of-you-that-belie}
這篇文章的核心討論主題是：
**如何在投資中平衡對高風險高回報（如加密貨幣）的渴望與傳統投資的穩定回報，並管理貪婪心理。**
具體要點包括：
1. **投資熱情下降**：作者對傳統投資的回報感到不滿足，尤其是看到加密貨幣等潛在高回報機會時。
2. **長期信念與報酬取捨**：若相信加密貨幣未來會大幅上漲，如何說服自己接受傳統投資的較低回報？
3. **貪婪管理**：尋求建議，如何克服對更高收益的貪念，保持理性的投資策略。
整體圍繞「風險偏好、心理調適與資產配置」的衝突與平衡。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/](https://reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/](https://www.reddit.com/r/investing/comments/1jpr0m3/general_question_for_those_of_you_that_believe_in/)
- **發布時間**: 2025-04-02 23:11:51
### 內容
I ask this question after having noticed a slight decrease in my enthusiasm for normal investmen``` over the last few months.
I understand the principle of diversification and that crypto is categorized as an aggressive asset. However if you believe in the next 5- 10 years that i general adoption will cause another meteoric rise in i value, how do you be satisfied with a normal return?
Seeking some advice how you deal with greed
### 討論
**評論 1**:
10%
I dont really believe one way or another. As far as Im concerned its diversification in an asset that stocks dont really touch right now, and I have the risk tolerance to allow it to be a sizable chunk.
**評論 2**:
10% in IBIT. Although I do some repositioning depending on market conditions, IBIT is always 10%
**評論 3**:
60% allows me to sleep ha. Been in it forever though and my cost basis is low so swings dont affect me. First 4 years are hell, after that, smooth sailing.
**評論 4**:
25% as of today.
**評論 5**:
3% in crypto, though I wouldnt say that I believe in it.
---
## 4. ```
Cheaper Alternatives to Seeking Alpha Factor Grades?
``` {#4-```
cheaper-alternatives-to-seeking-alpha-factor}
這段文章的核心討論主題是：
**「尋找能夠快速提供股票基本面評分（如估值、成長性、盈利能力等）的簡潔分析工具，並與TradingView的技術分析互補。」**
具體要點包括：
1. **需求重點**：
- 快速獲取股票評分（如Seeking Alpha的Factor Grades），避免繁瑣的財務報表分析。
- 介面簡潔、易用且價格合理。
- 不重視社群或文章內容，專注於基本面評分功能。
2. **已嘗試工具**：
- 提及Stock Rover、GuruFocus、Finbox、Koyfin等，但認為某些工具過於冗贅或與TradingView功能重複。
3. **尋求替代方案**：
- 詢問是否有其他類似Seeking Alpha評分功能的工具，強調「速度」和「易用性」。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/](https://reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/](https://www.reddit.com/r/investing/comments/1jpq9fn/cheaper_alternatives_to_seeking_alpha_factor/)
- **發布時間**: 2025-04-02 22:41:23
### 內容
I mainly use Seeking Alpha for the Factor Grades (Valuation, Growth, Profitability, Momentum, Revisions) super useful for quick stock analysis without digging through financials.
I dont care about the articles or community just want fast, clean fundamentals + scoring to pair with TradingView for char```.
So far I've tried:
-
Stock Rover
-
GuruFocus
-
Finbox
-
Koyfin not a fan, too cluttered and redundant with TradingView
Anyone know other tools with quick stock grades/scores that are affordable and easy to use?
### 討論
**評論 1**:
The fees you pay for each of these are nothing compared to what you lose by investing in this way.
But they don't care if they make you 100k poorer at retirement, they made their 10 bucks a month or whatever.
**評論 2**:
A pair of dice.
**評論 3**:
Are there not repor``` available with whatever brokerage you use?
---
## 5. ```
When you invest your money into a fund, where does it initially (literally) go?
``` {#5-```
when-you-invest-your-money-into-a-fund-where}
該文章的核心討論主題是：**投資不同類型基金（如私募股權基金、對沖基金、指數基金、ETF、共同基金等）的資金流向與實際操作機制**。具體聚焦於以下問題：
1. **資金如何實際轉移**：投資人透過何種方式（如支票、電匯等）將資金投入基金？
2. **資金的最終去向**：錢是否直接進入基金的銀行帳戶，供基金管理人集中運用於投資？
作者強調這是一個基礎性的理解需求，而非實際投資行動，目的在於釐清基金運作的「物流層面」（如資金流動的具體路徑）。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/](https://reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/](https://www.reddit.com/r/investing/comments/1jprydx/when_you_invest_your_money_into_a_fund_where_does/)
- **發布時間**: 2025-04-02 23:50:35
### 內容
Can someone help me understand the basic mechanics/logistics of investing in a private equity fund, hedge fund, index fund, ETF, mutual fund, or other fund? I want to understand just to have a grasp of the industry, not because I am currently looking to invest in a fund with my own money. Specifically, my question is below.
Where does your money literally, physically (well, digitally) go once you invest in a fund? Do you write a check, or send a wire transfer, from your checking account to the fund's checking account, for the fund managers to pool from when they make investmen```?
### 討論
**評論 1**:
Usually the money is sitting in your brokerage account . It also depends on the fund
With an ETF what trades like a stock, you just buy a share from someone else. The exchange/brokerage facilitates this. So the money simply goes from your brokerage account to someone else brokerage account who sold you the share.
If i a MF once again you usually do this with your brokerage , your brokerage will send the cash to the fund and the fund manager ge the cash and decides what to do with it.
So usually you just transfer money to a brokerage then the brokerage takes care of sending it to where ever.
I guess I have not investing in a hedge fund, you might have to wire them money or a check
**評論 2**:
Lets say you put money into Reddit Investment ETF.
- Reddit Investment Advisor LLC (RIA) receives your cash
- they direct your cash to a CUSTODIAN BANK (StateStreet bank, BNY Mellon, etc)
- then your cash goes into the share creation process and your cash is converted to 1 share of RI ETF. That share is recorded at CUSTODIAN BANK.
The whole point is the investment decision matter does not and never should be holding your money in an account that is controlled by the investment company. This is to prevent shit like Maddoff or FTX happening.
**評論 3**:
Private equity is just a means to invest in private companies for one reason or another. Companies on stock exchanges are publicly listed. Therefore not private equity. Although, there may be ETFs that give you a an option to buy into private equity. But thats generally done ouide of the marke entirely. Some mutual funds and hedge funds may have a set up to buy into private equity also in some capacity, but it really all depends.
Mutual funds and hedge funds are ran by some sort of institution that pools i customers money and inves it into what they seem fit. Maybe ETFs, individual stocks, international stocks, maybe even commodities and stuff like gold/silver. It really depends. Hedge funds are typically oriented towards high net worth people, though. You give them money, and they invest it for you. And charge X amount of fees along the way basically.
When it comes to buying stocks and ETFs themselves, whatever brokerage you have/open is basically just a middle man. They offer the market to you, and when you decide to buy, they market make that order for you, and afterward they credit that equity to your account and custody it for you. They themselves do not own it. Kind of like a bank for equities of sor. At that point after buying there is no money. You used money to buy an equity/asset. And its subject to whatever the current market value is. Similar to you buying a bar of gold. The money was used to buy an asset. And is now valued on i market value. Brokerages arent like mutual funds or hedge funds. They dont invest anything for you. They just give the market tools to you. Some may offer management services, though.
The large majority of people are better off investing into lower cost ETFs that track the major American/international indexes. Mutual funds and other money managers are a waste of your ask me. They typically underperform the broad marke``` and just hit you with management fees. You need to consider whether or not you want a taxable account or a tax advantaged one too.
**評論 4**:
Server in Toledo.
---
## 6. ```
Types of bonds to invest in? BND broken out?
``` {#6-```
types-of-bonds-to-invest-in-bnd-broken-out-
}
這段文章的核心討論主題可以總結為以下幾點：
1. **BND（Vanguard Total Bond Market ETF）的組成結構**
提問者想知道BND的具體成分如何劃分（類似VTI股票ETF中80%追蹤S&P 500，其餘為中小型股的模式），並探討其底層債券類型的分布（例如政府債、公司債、期限長短等）。
2. **債券ETF的多元化配置建議**
詢問除了BND之外，還有哪些債券ETF類型值得推薦（如短期/長期債券、公司債、國庫券等），並探討若配置1-5檔債券ETF，應如何選擇及原因（例如分散風險、對沖不同市場環境）。
3. **債券的對沖功能與時機差異**
討論不同類型的債券是否在不同時期具有差異化的避險效果（類似股票投資中的因子傾斜「tilting」策略），暗示對債券在投資組合中動態角色的關注。
整體而言，核心問題圍繞「債券ETF的細分類型、配置邏輯，以及其在市場週期中的對沖作用」，旨在優化投資組合的風險管理策略。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/](https://reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/](https://www.reddit.com/r/investing/comments/1jppyc4/types_of_bonds_to_invest_in_bnd_broken_out/)
- **發布時間**: 2025-04-02 22:28:27
### 內容
How is the BND broken out? What I mean is VTI is similar to 80% S&P500 and remainder is small/medium caps, how is BND broken out?
What types of bond portfolios are there besides BND that is recommended? I know there's anywhere from short term to long term, corporate, T Bills, etc. But if someone was to have anywhere from 1-5 bond ETFs what would they be and why?
People do something similar for equities for til```. The basis for this is I wonder if different bonds hedge differently at different times.
### 討論
**評論 1**:
BND is almost 70% in US Govt securities and then pretty much AAA, A, BBB corporate bonds. The corporates give a bit more yield but are far less useful to balance stocks since corporate bonds often have a call provision if rates drop/prices rise significantly. Calls allow a bond issuer to pay off the principal and issue new debt at the new lower rate (something similar happens to mortgage backed bonds btw as homeowners refinance). Treasuries dont have that problem except one special case in the late 1970s. Still BND has mostly Treasuries so its useful, just not as useful as a pure Treasury fund if rebalancing is your goal.
Some core bond ETFs like iShares IUSB also contain a bit high yield bonds which even give more yield vs more defaul```.
Then you have to look at average maturity and duration. Longer bonds are more sensitive to interest rate changes, which can be bad or good depending on how you use them.
**評論 2**:
> What types of bond portfolios are there besides BND that is recommended?
It depends on your goals and your specific situation. Also depends on if you're talking about a taxable account or tax-advantaged.
Depending on your income level, you might find that municipal bonds are a better choice than (federally) taxable bonds.
If your goal is to have a very steady principal amount, like for a short-term holding, short-term government bonds (SGOV) or municipals (JMST) could be a good choice.
Long-duration bonds could be a hedge against falling interest rates. E.g. if you thought there was the possibility of recession and that interest rates would be cut, that principal amount would increase in a downturn.
TIPS exist to hedge against inflation.
All just tools in the investing toolbox; best use depends on your goals.
**評論 3**:
BbBarc Aggregate bond index does not include:
- Under 1yr treasurys (SHV)
- Under 1yr corporate / commercial paper (JPST)
- Floating rate (FLOT)
- Inflation linkers (SCHP)
- Municipal bonds (VTEB)
- High yield bonds (HYLB)
- Foreign bonds (BNDX)
- EM bonds (EMAG)
- Foreign linkers (IGIL)
- CMBS (CMBS)
- Syndicated loans (SRLN)
- Preferred stock (PFF)
- Convertibles (ICVT)
- Catastrophe bonds
**評論 4**:
Have you even looked at the performance of BND? When has it not lost money?
Buy bonds of you want income. Buy BND if you want to lose money
---
## 7. ```
Trump to announce new 20% tariffs this week on every single US trading partner, not just the initial group of 10-15 countries prev. stated
``` {#7-```
trump-to-announce-new-20-tariffs-this-week-o}
這篇文章的核心討論主題可以總結為以下幾點：
1. **廣泛關稅的經濟影響**：
探討美國對幾乎所有貿易夥伴實施20%全面關稅可能帶來的衝擊，包括對特定產業（如汽車、葡萄酒等）的影響，以及對投資環境的潛在效應。
2. **消費者需求與企業利潤的矛盾**：
- 在美國消費力已疲軟的背景下，關稅是否會進一步壓低需求？
- 美國企業（尤其是海外生產為主）是否因成本上升（如COGS增加）而面臨利潤壓力，抑或可能因保護主義政策受益？
3. **投資策略的不確定性**：
- 市場對SP500 ETF的動向（買入或拋售）反應如何？
- 個人投資者應如何應對（如定期定額買入、退場觀望或長期持有）？
- 尋求其他投資者在政策不確定性下的操作經驗分享。
4. **政治與政策背景**：
引用多則新聞來源（如WSJ、Independent、AP），反映此議題與特朗普政府可能的政策方向（如「互惠關稅」）相關，並涉及政治層面的爭議（如對價格上漲的態度）。
**關鍵問題**：關稅政策對產業、消費、企業成本及投資行為的連鎖反應，以及投資者在此環境下的決策困境。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1johy3a/trump_to_announce_new_20_tariffs_this_week_on/](https://reddit.com/r/investing/comments/1johy3a/trump_to_announce_new_20_tariffs_this_week_on/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1johy3a/trump_to_announce_new_20_tariffs_this_week_on/](https://www.reddit.com/r/investing/comments/1johy3a/trump_to_announce_new_20_tariffs_this_week_on/)
- **發布時間**: 2025-04-01 07:51:55
### 內容
What industries will this impact the most? Previous tariffs announcemen``` have been easy to understand what industries it will impact (for example auto tariffs, wine tariffs, etc.). What would a sweeping 20% tariff on virtually every single US trading partner mean for investing?
Will it lead to lower consumer demand in an already weak US consumer?
Will it lead to higher profi for US based companies? Don't most US companies manufacturer ouide of the US, so their operating cos```/COGS will increase?
Is anyone still buying SP500 ETFs, or have people begun to sell? Not sure what to do with my portfolio, or if I should dollar cost average buy vs. sell. If anyone can share how they are navigating this uncertainty - leaving the market completely or riding it out.
---
Sources
https://www.wsj.com/politics/policy/trump-says-he-couldnt-care-less-if-car-prices-go-up-b9b4a211?
### 討論
**評論 1**:
At this point I have no idea why I invest with any confidence
**評論 2**:
Mad king. No rationale on decisions. Just pure ego. Every country is forming a front. The market is doing tango on a cliff. He has to stop
**評論 3**:
Liberation Day = Liberating us from our 401Ks and our jobs.
**評論 4**:
Will impact everything. Every raw material, from iron ore to rubber, silica, coffee, rare earths, wood, cocoa just went up in price by 20%. Put on top of 20% of par, componen and chemical and you have a recipe for a major stagflation.
**評論 5**:
If the US was a corporation, Donald Trump would be escorted out of the building by security and never allowed to return. Hes literally running us into the ground. Hes going to fuck up hundreds of millions of lives. And for what? A couple billionaires and a Russian pee tape?
---
## 8. ```
Question on how dividends affect total return in a Roth IRA.
``` {#8-```
question-on-how-dividends-affect-total-retur}
這篇文章的核心討論主題是：**在免稅的Roth IRA帳戶中，選擇高股息ETF（如VTI）與高成長但低股息的ETF（如SPMO或VGT）之間的比較，探討股息再投資（尤其在市場下跌時買入更便宜股份）對長期總回報的影響，以及這種策略是否具有顯著優勢**。
具體要點包括：
1. **股息再投資的潛在好處**：市場下跌時，股息可買入更多便宜股份，可能提升長期回報。
2. **與高成長ETF的取捨**：高成長標的（如科技類ETF）近期表現更佳，但股息較低，需權衡資本增值與股息再投資的效果。
3. **稅務環境的考量**：因在Roth IRA中無稅務影響，股息再投資的效益可能更純粹，但需比較其與高成長策略的實際差異。
最終問題在於：**這種股息策略對總回報的貢獻是否足夠顯著，足以放棄高成長潛力的標的？**
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/](https://reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/](https://www.reddit.com/r/investing/comments/1jpqa76/question_on_how_dividends_affect_total_return_in/)
- **發布時間**: 2025-04-02 22:42:17
### 內容
One of the benefi``` to dividends seems to be that even if I max out my Roth on January 1, if the market goes down, my reinvested dividends buy me cheaper shares throughout the year. How important is this to total return in a Roth (no tax implications) vs. holding funds that possibly have higher growth? Is there a significant benefit or does it not matter much? Im not talking about dividend chasing with something like JEPQ. But VTI vs. something like SPMO or VGT that have better recent performance, but lower dividend yield.
### 討論
**評論 1**:
It really does not matter, total return does. Total return is price appreciation + Dividends
If stock A over the last year had price appreciation of 4% and pays out a 4% dividend i``` total return is 8%
If stock B has price appreciation of 8% and 0 dividend i``` total return is 8%
If stock C had price appreciation of 0 but paid out a 8% dividend i``` total return is 8%
8%=8%=8%
Like a dollar is a dollar, it really does not matter if the dollar is returned in the form of dividends or price appreciation , the appeal of dividends is mostly physiological
---
## 9. ```
Riding out my first drop without jumping out the window
``` {#9-```
riding-out-my-first-drop-without-jumping-out}
這篇文章的核心討論主題是：**一位年輕投資者（30多歲）在當前經濟不確定性和潛在金融危機的背景下，對自身投資策略與風險承受能力的反思與尋求建議**。
具體要點包括：
1. **投資策略的擔憂**：
- 作者每月定期定額（DCA）投入4,000美元到VOO（標普500指數ETF），但擔心當前市場高風險（如科技業裁員、經濟衰退可能性）可能影響長期回報。
- 投資比例較高（月收入7,000美元中的4,000美元），且缺乏經歷金融危機的經驗，對風險耐受度產生懷疑。
2. **財務安全與風險管理**：
- 雖有緊急預備金（可支應1-2年失業），但仍糾結是否應將部分資金轉向低風險選項（如貨幣市場基金或現金）。
- 即將結婚並組建家庭，對財務穩定性需求增加。
3. **心理層面的挑戰**：
- 如何應對市場大幅下跌時的情緒波動，堅持長期投資策略？
- 尋求經歷過經濟危機的資深投資者建議，以調整策略或強化心理建設。
**總結**：文章聚焦於「高風險環境下的投資決策平衡」、「個人風險耐受度的重新評估」以及「財務規劃與心理準備的結合」，並希望獲得經驗導向的實用建議。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/](https://reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/](https://www.reddit.com/r/investing/comments/1jp66c9/riding_out_my_first_drop_without_jumping_out_the/)
- **發布時間**: 2025-04-02 04:37:39
### 內容
Young investor here (30s) and cautiously watching all this play out.
Im currently DCAing $4,000 a month into VOO and have been since the greatest bull run in history post COVID. Sitting with about $95k total in my portfolio with an emergency fund that can last me a year or two unemployed in cash.
As someone who has never lived through a financial crisis Im getting concerned about such a heavy investment of my take home (4k out of $7k a month) with possibility of layoffs. Im a software engineer and the market is rough as hell from what Ive heard anecdotally.
My play currently is to keep the $4k a month DCA into the S&P and sing god bless America the whole way down hoping for an early retirement after the show is over and hold onto my butt that my company doesnt go out of business or do layoffs.
How do you mentally prepare for big drops and stay steady with your strategy?
Am I overestimating my risk tolerance and should shove some of the income into a money market or hard cash or hang on?
Advice from older people who have been through hard times appreciated, Im getting married in a few weeks and planning to start a family
### 討論
**評論 1**:
Thats what an emergency fund of for, in case you lose your job
**評論 2**:
Ask yourself honestly if the market drops another 20% from here, can you stomach the drop and keep, or better yet, increase your exposure? Actually calculate what your portfolio would drop to in that scenario and mentally think about it. If the answer is yes, keep doing what you're doing. If you can't, you might need to allocate some to risk free asse```.
**評論 3**:
[deleted]
**評論 4**:
And sing god bless America the whole way down and hold onto my butt
Hahahah you are great OP and I wish you lo``` of financial success for making me laugh today
**評論 5**:
You think THIS is a drop?
Buckle up buttercup.....
---
## 10. ```
Daily General Discussion and Advice Thread - April 02, 2025
``` {#10-```
daily-general-discussion-and-advice-thread-}
這篇文章的核心討論主題是：**引導投資新手或社群成員如何有效提問、獲取資源，並提供個人財務諮詢時的必備資訊框架**。
具體重點包括：
1. **鼓勵開放討論**：接受各類投資相關問題、評論或分享，但建議先查閱常見資源（如FAQ、入門指南）。
2. **資源導向**：提供Wiki、書單、影音媒體等學習管道，強調自主研究的重要性。
3. **個人財務諮詢的提問規範**：列出需包含的關鍵資訊（如年齡、收入、風險承受度等），以獲得具體建議。
4. **免責聲明**：提醒網友意見僅供參考，建議尋求專業投資顧問協助。
整體而言，主旨是**促進投資社群的知識交流與有效互助**，同時強調提問的結構化和資源利用。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/](https://reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/](https://www.reddit.com/r/investing/comments/1jpk4tn/daily_general_discussion_and_advice_thread_april/)
- **發布時間**: 2025-04-02 17:01:33
### 內容
Have a general question? Want to offer some commentary on marke```? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here!
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq
And our side bar also has useful resources.
If you are new to investing - please refer to Wiki - Getting Started
The reading list in the wiki has a list of books ranging from light reading to advanced topics depending on your knowledge level. Link here - Reading List
The media list in the wiki has a list of reputable podcas and videos - [Podcas and Videos](https://www.reddit.com/r/investing/wiki/medialist)
If your question is "I have $XXXXXXX, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:
-
How old are you? What country do you live in?
-
Are you employed/making income? How much?
-
What are your objectives with this money? (Buy a house? Retirement savings?)
-
What is your time horizon? Do you need this money next month? Next 20yrs?
-
What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know i``` 100% safe?)
-
What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other asse```?)
-
Any big deb``` (include interest rate) or expenses?
-
And any other relevant financial information will be useful to give you a proper answer.
Check the resources in the sidebar.
Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered investment adviser if you need professional support before making any financial decisions!
### 討論
**評論 1**:
I'm 31, make about 60k a year. No kids. I have about 12k in a Schwab IRA account. I'm completely ignorant on how to invest. What should I do with this money? I want it to go towards retirement.
**評論 2**:
Im 27 years old from the US. Working full time at a local hospital. I just want my money to grow for retirement is the main objective. I have a rollover IRA from my previous job where I had a 403b while working there. I really am such a beginner when it comes to these things so I need some advice/help. Should I roll it over into my current 403b or leave it as is? Please be nice
**評論 3**:
28m I recently started a new job so I rolled over my 401k from the previous job into an IRA. I was hoping someone could help me with allocating. What % should go to ETFs and what should go to stocks? And what are some of your favorite ETFs
**評論 4**:
Hi! My husband and I have some disposable income left at the end of the month. We already invest some (401ks, Roth) and save some in a HYSA. With all the uncertainty should we be buying gold funds or bitcoin or cds or bonds or..? And maybe just an in general question of how diverse should your portfolio really be?
**評論 5**:
Hi,
Just sold my house and want to park the proceeds for a bit until uncertainty passes and I can figure out where to put it to work. Do not have an immediate need for liquidity, would like flexibility to move when things improve.
Where would you park proceeds for a couple of months for the highest yield and least exposure?
Appreciate this group's wisdom.
---
## 11. ```
Father passed, Thrift Savings Plan non-spouse beneficiary question
``` {#11-```
father-passed-thrift-savings-plan-non-spous}
這篇文章的核心討論主題是：
**「如何在繼承Thrift Savings Plan (TSP) 受益人帳戶後，於90天內做出最適合的財務決策？」**
具體糾結的選項包括：
1. **直接領取現金**（需承擔稅務和罰款，但可清償非房貸債務，獲得心理上的財務自由）。
2. **轉入現有的Vanguard IRA**（傳統穩健做法，延續退休儲蓄的稅務優勢，但無法立即解決債務問題）。
作者權衡的重點在於：
- **短期利益 vs. 長期規劃**：清償債務的即時滿足感 vs. 保留退休金的未來保障。
- **經濟不確定性**：當前政治與經濟環境是否更需現金流或減債。
- **個人財務狀況**：高收入與現有退休帳戶的充足性是否支持動用這筆資金。
整體而言，這是一個關於「財務優先級」與「風險承受度」的個人化抉擇。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/](https://reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/](https://www.reddit.com/r/investing/comments/1jpqhq7/father_passed_thrift_savings_plan_nonspouse/)
- **發布時間**: 2025-04-02 22:50:51
### 內容
My father recently passed, and Ive received the letter confirming the Thrift Savings Plan (TSP - US government) beneficiary participant account has been set up. Im now within the 90-day window to make a decision.
My portion is about $50K, allocated 44% in the G Fund and 56% in the C Fund.
Im in my late 40s, earn in the upper $100Ks annually, and Im currently maxing out my 401(k) and Roth IRA contributions each year. If I cashed this out (even after penalty and taxes), I could eliminate all my debtaside from my mortgage. Thats very tempting, especially given the current political and economic uncertainty.
Rolling the funds over to my Vanguard IRA is the traditional route, but the idea of being debt-free (except for the house) brings a lot of peace of mind.
Anyone else faced this kind of decision? Id really appreciate your though``` and experiences.
### 討論
**評論 1**:
You cant roll it into your own IRA. Youd have to set up a beneficiary IRA and empty the account within 10 years. And I believe the IRS actually recently published guidance that says you are suppose to take money out every year.
**評論 2**:
your Dad deferred taxes, the IRS wan``` their money.
You cannot roll it into your IRA unless you cash it out, pay the taxes, then contribute $7000 per year until it is used up. $50,000 extra in income might not allow you to contribute to your Roth IRA either because your MAGI will probably be over $150,000.
You could get the cash, open a traditional IRA, contribute $7000(any income can open a trad IRA), then back door convert it to your Roth. Still, you could only do $7000 this year.
The G Fund is just invested in treasuries and is like an HYSA, 10 year annual return has been 2.59%.
Being debt free is nice. Paying the tax now, paying your deb```, then having money leftover is nice.
You do you.
what I would do
Cash it out, Pay the taxes. Pay off deb``` for peace of mind, convert what is leftover via a back door Roth.
**評論 3**:
"If I cashed this out (even after penalty and taxes)"
There is no penalty.
Why not split it, and take some in this tax year and some in next?
---
## 12. ```
403b and market volatility!!
``` {#12-```
403b-and-market-volatility-
```}
這篇文章的核心討論主題是：
**「在高風險與保守投資策略之間的抉擇」**
具體而言，作者（41歲）擁有兩筆403b退休帳戶（總額約13.5萬美元），目前95%資金投資於高市值股票，並傾向追求快速增長。他猶豫是否應維持現有的高風險投資策略（以追求更高報酬），或轉向債券等更保守的投資工具（以因應潛在的市場下跌風險）。
關鍵問題包括：
1. **風險承受能力**：年齡（41歲）與進取投資策略的匹配性。
2. **市場時機考量**：是否因擔憂市場下行而調整配置。
3. **退休規劃的長期平衡**：高報酬目標與資金安全性的取捨。
本質上是關於「資產配置」與「風險管理」的個人財務決策討論。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/](https://reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/](https://www.reddit.com/r/investing/comments/1jpw268/403b_and_market_volatility/)
- **發布時間**: 2025-04-03 02:32:33
### 內容
So i have about 135k in 2 different 403b retirement accoun . these accoun are mostly invested in high cap stocks i'd say about 95% .. im of the mindset of make as much as possible as fast as possible.. im 41 years old
should i leave it alone and continue with this or should i move them to bonds and safer investmen``` with the possibility of a market downturn?
### 討論
**評論 1**:
The biggest risk is not volatility - it's selling low. If you can live with the volatility, stick to the original plan
**評論 2**:
If you're 41 with "only" 135k, I assume you aren't retiring any time soon. Just keep shoveling into stocks, that will be your best shot.
---
## 13. ```
First-time investor, VUAA and VWRA
``` {#13-```
first-time-investor-vuaa-and-vwra
```}
這篇文章的核心討論主題是：
**「新手投資者選擇愛爾蘭註冊的ETF（VUAA和VWRA）進行美元投資的合理性與稅務優勢評估」**
具體要點包括：
1. **投資組合配置**：
- 計劃投入3,000美元（2,000美元於VUAA追蹤標普500，1,000美元於VWRA獲得全球市場曝險）。
2. **稅務優化考量**：
- 作為非歐盟、非美國公民，選擇愛爾蘭註冊的ETF以享受15%股息預扣稅率（相較於美國ETF的30%）。
3. **操作細節確認**：
- 透過XTB券商以美元購買，並詢問所選ETF（VUAA和VWRA）是否合適。
4. **新手尋求建議**：
- 首次投資希望確認策略正確性，尤其關注標的選擇與稅務效率。
總結：討論聚焦於「資產配置合理性」與「跨境投資的稅務效率」，並尋求社群驗證。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/](https://reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/](https://www.reddit.com/r/investing/comments/1jpo01z/firsttime_investor_vuaa_and_vwra/)
- **發布時間**: 2025-04-02 21:01:41
### 內容
I'm investing for the first time and would like to make sure I'm doing everything right.
I plan to invest 3k USD total. 2k in VUAA 1k in VWRA for some global exposure.
My broker is XTB, and I want to do all the purchases in USD.
I'm a non-EU and non-american citizen, so I'm looking to take advantage of Irish-domiciled ETF's for the 15% withholding tax.
Are these the correct ETF's I should buy into?:
### 討論
**評論 1**:
Tickers are correct. If I may ask, is there a specific reason you want to overweight the US market?
**評論 2**:
Hi, we live in very uncertain times. You would mainly invest in the US stock market, while the US economy is weakening and the planned tariffs may further shake the US stock market. Both ETFs you propose are also heavily exposed to the magnificent 7, who are overvalued and might be in for a serious correction.
With all this in mind, I would rather invest in a (global) staples ETF. They will weather the storm better, at least in my opinion. People will always buy food, drinks, tooth paste and toilet paper ;-)
An alternative may be Berkshire Hathaway. Warren Buffet is a wise investor and is sitting on a few hundred billions of cash, ready to re-invest that money when the time is ripe.
I am Belgian, and have sold my SP500 and technology shares several months ago. I moved that part of my portfolio into gold, silver, goldminers and EU treasuries. Mind you, I kept my European investmen```.
---
## 14. ```
Trust - Dumping Higj Fee Advisor, Moving to Index Funds or Fidelity Managed Account
``` {#14-```
trust-dumping-higj-fee-advisor-moving-to-in}
这篇文章的核心討論主題是：
**「如何處理繼承信託中的高成本股票投資組合，以在稅務效率與費用最小化之間取得平衡？」**
具體要點包括：
1. **高費用問題**：原財務顧問收取過高費用，導致轉移至低成本平台（Fidelity）。
2. **投資組合複雜性**：當前持有約200檔個股，需簡化為少數ETF以降低管理難度。
3. **稅務考量**：
- 未實現收益（約70萬美元）可能觸發資本利得稅。
- 選擇一次性出售（優化短期稅務）或逐步調整（利用稅損收割）的利弊。
4. **Fidelity管理帳戶提案**：
- 提供類似標普500的配置，費用較低且含稅損收割功能。
- 潛在需出售部分個股以調整配置，可能引發稅務影響。
**核心問題**：
應「一次性出售並轉換為ETF」或「採用Fidelity管理帳戶逐步調整」，以平衡稅務成本與長期費用效益？
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/](https://reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/](https://www.reddit.com/r/investing/comments/1jpqphj/trust_dumping_higj_fee_advisor_moving_to_index/)
- **發布時間**: 2025-04-02 22:59:33
### 內容
Hello,
I am the successor trustee of an inherited trust, with asse currently invested with and advisor at an obscenely high fee. I have terminated the advisor, and am moving all asse to fidelity to minimize fees. The previous advisor had a majority of the funds invested in an account that appears to mimic the SP500, but with common stock.
There are ~$700,000 in unrealized gains in this account. All stocks transferred in kind, so Im left with a portfolio of ~200 stocks. Id like to simplify this into a few ETFs.
Fidelity mentioned that they have a managed account that will also mimic the SP500, but with significantly less fees than the previous advisor. They also claim to do tax loss harvesting. My main concern is that they will have to readjust the current balance of stocks by selling some off to fit.
I know at some point there will be a tax hit when I sell. My questions:
-Am I better off selling everything now (in a way to minimize short term capital gains taxes), and moving them into ETFs?
-Or should I consider the fidelity managed fund, take advantage of tax loss harvesting, and pay yearly fees?
Thanks!
### 討論
**評論 1**:
"At least if you do it shortly after inheriting"
That person is referring to a step up in basis. If the Trust already owns the asse```, there is no inheritance here.
"in a way to minimize short term capital gains taxes"
If you sell sooner, you'll be generating short term gains. You seem to want to sell, anyway? You moved it in kind, though. Why didn't you sell, then?
You don't want to pay someone to manage investmen``` that are themselves managed. That's why a managed account would lean more heavily into individual holdings. And it's been shown time and again that an individual managed account really doesn't perform much better than the general market, anyway.
You don't have to take all the actions all at once.
But I wouldn't pay someone just because they tell me how great they are at tax loss harvesting.
**評論 2**:
Im just curious how that performed compared to spx
**評論 3**:
I haven't dealt with trus``` specifically; is your cost basis reset, now that you've inherited it? Like it would be in an inherited taxable brokerage account?
If so you can do practically whatever you wantliquidate the whole thing if you likewithout much or any tax consideration. At least if you do it shortly after inheriting.
Really depends what you want to do with this; how hands-on or hands-off you'd like to be.
**評論 4**:
It is a taxable account.
---
## 15. ```
Is It Just Me, or Is Robinhoods Security Still a Concern?
``` {#15-```
is-it-just-me-or-is-robinhoods-security-sti}
這段文章的核心討論主題是：**對與Robinhood整合的第三方服務在安全性和數據隱私方面的擔憂**。
具體要點包括：
1. **對Robinhood本身安全性的疑慮**：作者雖未深入討論，但暗示對Robinhood的信任度有限。
2. **第三方服務的吸引力與風險**：某些與Robinhood合作的第三方服務提供誘人優惠（如資金存取權限），但需連結Robinhood帳戶，引發作者對潛在風險的關注。
3. **尋求實際經驗分享**：作者徵求他人使用這類整合服務時，是否遇到安全或隱私問題的回饋，以評估是否值得嘗試。
總結：文章聚焦於「第三方服務透過Robinhood整合時可能衍生的資安與隱私風險」，並希望透過他人經驗做出決策。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/](https://reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/](https://www.reddit.com/r/investing/comments/1jpvbtu/is_it_just_me_or_is_robinhoods_security_still_a/)
- **發布時間**: 2025-04-03 02:03:49
### 內容
I feel like its pretty obvious (at least to me) that Robinhood isnt completely safe, so maybe this question is a bit rhetorical. But here it goes anyway, in case others have a different take.
My main concern isnt even about Robinhood i```elf. Lately, Ive seen a bunch of third-party services partnering with Robinhood that actually seem pretty solid. And some even have good offers, like I just found one that theoretically could give me access to $50K, but it requires linking my Robinhood portfolio.
So my question is: Has anyone had issues with these kinds of side services that integrate with Robinhood? Especially when it comes to security or data privacy?
Would love to hear your experience or though``` before I take the plunge.
### 討論
**評論 1**:
No, it's not a concern to me. They're well capitalized, and cash in the account is FDIC insured.
I wouldn't want to be making complicated trades or keep complex tax-advantaged accoun``` with them because their customer service is poor, but their security is 0 concern.
That being said, I've never used a "side service" of theirs.
**評論 2**:
Your opinion is pretty popular on reddit (just do a search for robinhood and you'll find a million threads and commen like yours), but I haven't seen any actual reasons why. People point out that they halted transactions for certain tickers in the past and then other people point out those were market wide hal and then the cycle continues.
I'm not saying I know it's safe and secure. But I can't think of any reasons they wouldn't be
**評論 3**:
i dont think robinhood has officially stated that they support side services? i would be very skeptical on what side services that you are trying to integrate with.
**評論 4**:
Tech bros running a finance app? As someone in tech, has a biz in tech, builds apps and AI, I don't go near it lol.
**評論 5**:
No
---
## 16. ```
Has anyone seen slippage on Public that doesn't add up?
``` {#16-```
has-anyone-seen-slippage-on-public-that-doe}
這篇文章的核心討論主題是作者對股票交易平台「Public」的不滿與不信任，主要基於以下兩點：
1. **交易執行問題**：作者在賣出股票時，市場訂單的成交價（521.86）與當時的買方報價（522.63）存在明顯差距，認為這種差異不合理，可能涉及平台執行交易的透明度或公平性問題。
2. **平台設計與信任危機**：
- 強制預設「支付小費」的選項（需手動取消），作者認為此設計不合理且對用戶不友善。
- 儘管Public提供免佣金期權交易和閒置資金高利率等優點，但作者因上述問題對平台失去信任，決定撤資。
總結：文章聚焦於**交易平台的可靠性與用戶體驗**，作者透過實際案例質疑平台的誠信，最終因信任破裂選擇離開。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/](https://reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/](https://www.reddit.com/r/investing/comments/1jppeda/has_anyone_seen_slippage_on_public_that_doesnt/)
- **發布時間**: 2025-04-02 22:05:33
### 內容
I was looking at L2 on thinkorswim for UNH and sold one share on Public. This was at 8:43 am and the bid was at 522.63. I put in a market order and it was filled at 521.86.
That seems like an unreasonable discrepancy. Combining this with their requirement to manually unselecting to not tip them for each trade (completely insane) and I think I'll be taking most or all of my money out.
My biggest draw was that they paid for options trades and had a good rate on unused cash. Those things aren't worth staying if I don't trust the company.
### 討論
**評論 1**:
Always look at the spread of bid/ask and current. Are you allowed to put in a limit order?
**評論 2**:
What is 8:43am to you? What timezone is that? If that's ET - the market was not opened yet so extended hours trading is disjointed. There is no NBBO in extended market trading. That is why most brokers do not allow market orders in extended hours.
**評論 3**:
Did you trade 100 shares? If you trade less, youre trading an odd lot and can trade through the NBBO
---
## 17. ```
Moving Non-Retirement Institutional Investor Mutual Funds to New Entity - Taxable
``` {#17-```
moving-non-retirement-institutional-investo}
這篇文章的核心討論主題是：**如何在不立即產生稅務負擔的情況下，將機構投資者專屬的共同基金（institutional investor-only funds）從現有財務顧問處轉移至新的券商**。具體要點包括：
1. **轉移限制與稅務問題**：
- 作者持有的基金（如RETSX、RTNSX等）可能僅限機構投資者，無法直接以「同種類轉移」（in-kind transfer）方式轉移至新券商，需賣出並可能觸發資本利得稅。
2. **潛在解決方案**：
- 詢問是否可將這些基金轉換為「零售級別」（retail share class）的等效基金，再進行轉移以避免稅務影響。
- 探討直接轉移至新券商後，投資於類似基金是否可延後稅務負擔（註：通常仍需先賣出原基金，可能產生稅務後果）。
3. **關鍵疑問**：
- 是否有方法（如基金類別轉換或等效替代）能延緩或避免當前資本利得稅的觸發？
總結：作者主要關注「機構專屬基金轉移的稅務效率策略」，並尋求在最小化稅務成本的前提下完成賬戶遷移。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/](https://reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/](https://www.reddit.com/r/investing/comments/1jpp96j/moving_nonretirement_institutional_investor/)
- **發布時間**: 2025-04-02 21:59:35
### 內容
I am hoping to move some non-retirement money to a new brokerage away from my financial advisor. These are the funds (below). I believe all of these are institutional investor only funds and I'd have to sell when I move them and it would no longer be viewed as in-kind? Is there any way to avoid taking the tax hit right now? Or if I moved them and their balances to equivalent funds at a retail brokerage does that avoid needing to pay taxes on the gains? Or maybe my current advisor can move to a retail share class equivalent, and I may be able to convert to retail share classes before transferring to the new brokerage?
RETSX
RTNSX
RLVSX
RTHSX
RTSSX
RTXSX
### 討論
**評論 1**:
You need to speak to a tax advisor.
---
## 18. ```
which bonds etf for short-term cash?
``` {#18-```
which-bonds-etf-for-short-term-cash-
```}
這篇文章的核心討論主題是：**比較三種低波動性債券ETF（SGOV、AYEN、SXRH）的優缺點，以選擇適合短期現金存放的標的**。
具體重點包括：
1. **需求背景**：尋找波動性低、流動性高的債券ETF，用於短期閒置資金存放。
2. **主流推薦標的**：SGOV（短期美國國債ETF）被廣泛推薦，但作者希望探索其他可能收益更高的替代方案。
3. **比較的替代選項**：
- **AYEN**：超短期ESG政府債券ETF，目前提供較高股息率。
- **SXRH**：通膨連結債券（TIPS）ETF，可能抗通膨但特性不同。
4. **核心問題**：請求分析這兩種替代方案與SGOV的優劣（如風險、收益、流動性等）。
總結：文章聚焦於「短期現金管理工具」的選擇，並強調在安全性與收益之間權衡的比較需求。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/](https://reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/](https://www.reddit.com/r/investing/comments/1jpl1g5/which_bonds_etf_for_shortterm_cash/)
- **發布時間**: 2025-04-02 18:09:40
### 內容
So, I'm looking for a secure bonds-etf for storing extra cash that I may need anytime though, so it shouldn't be too volatile. I read a lot about SGOV, that seems to be the most-recommended on here. But I found two alternatives that seem to have higher dividend yields at the moment:
AYEN: iShares Ultrashort Bond ESG UCITS ETF (government bonds)
SXRH: iShares TIPS 0-5 UCITS ETF (inflation-linked)
If someone could explain to me the advantages/disadvantages of these two compared to SGOV, I'd be very thankful!
### 討論
**評論 1**:
SGOV and VUSXX is what I am using... Both State Tax Free too.
**評論 2**:
PULS
**評論 3**:
Ok I probably should clarify: I'm a non-resident US citizen with a Charles Schwab brokerage account in USD. Money market like SWVXX would have been my first choice for this purpose, but apparently they are treated like mutual funds and therefore not available to non-resident clien```...
**評論 4**:
I'm using VUSB. Slightly higher dividend I believe but they are close.
**評論 5**:
Which currency do you have? If not USD, you have FX risk if you buy either of the two funds you mentioned.
---
## 19. ```
ALLW - Bridgewater released an ETF version of All Weather last month with State Street
``` {#19-```
allw-bridgewater-released-an-etf-version-of}
上述文章的核心討論主題是 **「SPDR Bridgewater All Weather ETF (ALLW) 的投資策略與資產配置方法」**，具體聚焦於以下重點：
1. **策略核心理念**
- Bridgewater 的「All Weather」策略旨在透過「環境平衡」（*environmental balance*）建構一個能在不同經濟環境（如通脹上升/下降、經濟增長/衰退）中保持穩健表現的投資組合。
- 關鍵在於分散資產對「經濟增長」和「通脹」兩大宏觀驅動因素的敏感性，透過配置互補性資產（如股票、大宗商品、名義債券、通脹掛鉤債券）來抵消單一風險。
2. **運作機制**
- 由 Bridgewater 提供每日模型組合，SSGA 執行交易，不依賴戰術性擇時，而是基於長期結構性風險平衡。
- 目標年化波動率控制在 **10%-12%**，費用率為 **0.85%**。
3. **當前資產配置**
- **全球名義債券（71.37%）**：以美國、澳洲、德國等10年期公債為主。
- **通脹掛鉤債券（32.42%）**：全數為美國 TIPS。
- **全球股票（41.70%）**：側重美國（SPLG）、歐洲（STOXX 50）、新興市場等。
- **大宗商品（36.67%）**：以貴金屬（48.2%）和能源（19.2%）為主。
4. **市場定位**
- 提供散戶投資者接觸 Bridgewater 知名風險平價策略（*risk parity*）的管道，但以非槓桿形式呈現（相較於 LETFs 討論中的槓桿版本）。
**總結**：文章核心在於解析 ALLW ETF 如何實踐 Bridgewater 的「All Weather」理論，透過跨資產、跨經濟週期的風險平衡，追求長期穩健回報，並詳細說明其配置邏輯與當前持倉結構。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/](https://reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/](https://www.reddit.com/r/investing/comments/1jp5lon/allw_bridgewater_released_an_etf_version_of_all/)
- **發布時間**: 2025-04-02 04:14:33
### 內容
https://www.ssga.com/us/en/intermediary/etfs/spdr-bridgewater-all-weather-etf-allw
https://www.sec.gov/Archives/edgar/data/1516212/000119312524261064/d824091d485apos.htm
https://www.reddit.com/r/LETFs/commen```/1j7zn82/allw_new_leveraged_all_weatherrisk_parity_etf/
0.85% expense ratio
>Bridgewater provides a daily model portfolio to SSGA FM based on Bridgewater's proprietary All Weather asset allocation approach. The model portfolio is specific to the Fund. Based on Bridgewater's investment recommendations, SSGA FM purchases and sells securities and/or instrumen``` for the Fund.
>
>Bridgewater's proprietary strategy is an approach to strategic asset allocation that is designed with the goal of generating consistent returns across different economic environmen```. Bridgewater believes that asset classes have different structural sensitivities to economic conditions that can be logically understood because they are rooted in the characteristics of the asset's cash flows, and that this understanding can be used to structure a portfolio that is diversified to what Bridgewater believes are the most important fundamental macro drivers of asset returns: growth and inflation.
>
>For example, allocating to asse that Bridgewater believes will likely outperform in rising growth (e.g., equities and commodities) alongside asse it believes will likely outperform in falling growth (e.g., fixed-rate and inflation-linked government debt) can create a portfolio that collec the market risk premium with no fundamental sensitivity to growth conditions. Similarly, allocating to asse that Bridgewater believes will likely outperform in rising inflation (e.g., commodities and inflation-linked debt) alongside asse it believes will likely outperform in low or stable inflation (e.g., fixed-rate government debt and equities) can create a portfolio that collec the market risk premium with no fundamental sensitivity to inflation. Bridgewater refers to this approach to portfolio diversification as environmental balance.
>
>Bridgewater does not vary the weigh of investmen in the model portfolio based on any tactical view of how particular investmen will perform, but rather attemp to balance the risk of the model portfolio based on i understanding of the relationship between asset classes and economic environmen. Bridgewater may, however, vary the allocations across and within asset classes based on i assessment of market conditions and evolutions in i understanding of how to best achieve balance to growth and inflation. The model portfolio typically targe``` an annualized volatility level for the portfolio ranging between 10%-12%.
Current Allocation:
Global Nominal Bonds (all futures): 71.37%
- 30.7% US 10yr
- 20.0% Australia 10yr
- 20.0% German Bund 10yr
- 16.1% US Long
- 9.8% UK Gilt 10yr
- 3.3% Canada 10yr
Inflation Linked Bonds: 32.42%
- 100% US TIPS
Global Equities: 41.70%
- 35.5% US (SPLG)
- 25.0% Europe (STOXX 50 futures)
- 12.4% Japan (Topix futures)
- 10.0% China (GXC, SPEM)
- 9.7% Australia (SPI 200 futures)
- 7.5% Emerging Marke``` ex China (SPEM)
Commodities (all futures): 36.67%
- 48.2% Precious metals
- 19.2% Energy
- 9.6% Industrial metals
- 4.9% Sof```
- 3.4% Livestock
### 討論
**評論 1**:
Damn, that's almost as expensive as giving my money to Morgan Stanely, but in a single ETF.
And the expense ratio also doesn't include the interest riskborrowing cos```, right?
**評論 2**:
What does ALLW means?
---
## 20. ```
Massive Spikes in Individual Stocks?
``` {#20-```
massive-spikes-in-individual-stocks-
```}
這段文字的核心討論主題是：**股票市場中異常波動（如極端價格波動或圖表上的虛假高點）的成因及潛在交易機會**。
具體要點包括：
1. **異常波動現象**：以股票LAC為例，觀察到價格劇烈波動（如±50%），但圖表上的極端高點似乎不存在於實際交易中。
2. **成因探討**：提問者好奇這種「虛假價格波動」的背後原因（例如數據錯誤、流動性不足、或市場操縱等）。
3. **交易策略可能性**：詢問是否可能利用此類波動獲利（例如套利或技術分析策略）。
整體聚焦於金融市場中的價格異常現象及其潛在應用。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/](https://reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/](https://www.reddit.com/r/investing/comments/1jp8jse/massive_spikes_in_individual_stocks/)
- **發布時間**: 2025-04-02 06:16:40
### 內容
Every once and a while I will see super volatile char``` with +- 50% fluctuations like LAC today. https://www.google.com/finance/quote/LAC:NYSE?hl=en The high price never seems to actually exist but it shows up on the chart. I was wondering what causes these spikes and if there is some way to take advantage of them.
### 討論
**評論 1**:
Dont know why the spike, but you could just put in a sell order for extended hours, good till cancelled, which I think is good for a year on Schwab. Assuming you own the stock.
I researched that stock, Lithium Americas, and it made me nervous, being just one specific project, as I recall.
**評論 2**:
Usually what you are seeing is OTC trades but in the link you posted it looks like quant
---
## 21. ```
What's a good way to put away money for 10 years?
``` {#21-```
what-s-a-good-way-to-put-away-money-for-10-}
這篇文章的核心討論主題是：**如何找到可靠且安全的長期資金保管與投資方式**，具體聚焦於以下兩點：
1. **資金安全與長期穩定性**
提問者希望將資金委託給銀行或投資顧問，確保在10年內不被輕易動用且避免損失，類似「鎖定」機制（如信託結構的可能性）。
2. **被動投資與監管需求**
提出以標普500指數（S&P 500）為標的的長期自動再投資策略，並強調需由可信第三方監管，同時限制個人短期存取，以達到紀律性投資的目的。
整體而言，問題圍繞在「如何透過制度化安排，結合專業管理與被動投資策略，實現長期財務目標」。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jozw06/whats_a_good_way_to_put_away_money_for_10_years/](https://reddit.com/r/investing/comments/1jozw06/whats_a_good_way_to_put_away_money_for_10_years/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jozw06/whats_a_good_way_to_put_away_money_for_10_years/](https://www.reddit.com/r/investing/comments/1jozw06/whats_a_good_way_to_put_away_money_for_10_years/)
- **發布時間**: 2025-04-02 00:27:32
### 內容
Are there banks or investment advisors that can hold on to your money (and not lose it) for 10 years? Like you can quasi lock it in. Like would this be considered a trust or something?
Let's say I just want someone to take the S&P 500 and keep reinvesting it until I need it. How can you do this so you can't get easy access to it and someone else, reputable, keeps an eye on it?
### 討論
**評論 1**:
Are you trying to keep yourself from selling? You can open a brokerage account with anyone, buy the S&P, set it to auto drip, and never look at it again quite easily.
If youre trying to figure out WHERE to put your money, then you need to do some research or hire a financial advisor. Certainly dont listen to random people on Reddit. WaitIm a random person on Reddit. Shit
It sounds like you want the S&P tho. If thats all you want, you can buy VOO and never look back while you avoid paying someone 1% a year (for 10 years) to do something you can do in a hour or two. VOOs expense ratio is .03%/year.
**評論 2**:
Treasury Bills, 10 year, 4.625%.
**評論 3**:
>What's a good way to put away money for 10 years?
Stocks are appropriate for a 10 year horizon, generally speaking.
> Are there banks or investment advisors that can hold on to your money (and not lose it) for 10 years?
The closest thing you describe here is a CD
> Let's say I just want someone to take the S&P 500 and keep reinvesting it until I need it.
You can do that yourself. Obviously theres risk of loss with a stock fund.
> How can you do this so you can't get easy access to it
Contribute to your 401k. Otherwise, any brokerage account or IRA is fully accessible to you
> and someone else, reputable, keeps an eye on it?
To do what? They cant prevent losses if your money is invested in the stock market
Youve gotta decide what you want: no losses but virtually no gains , or risk of loss with potential for long term gains
**評論 4**:
CD ladder, i-Bonds.
**評論 5**:
Throw your money into VOO, turn on dividend reinvest, and it sit for 10 years. Go with a brokerage youre less likely to check often, and delete the app if you think youll mess with it. You dont really need a trust or advisor unless you're dealing with big amoun``` or complex stuff.
---
## 22. ```
How hands off vs hands on do you tend to be when investing? What drives how involved you become?
``` {#22-```
how-hands-off-vs-hands-on-do-you-tend-to-be}
这篇文章的核心討論主題是：
**投資者（如天使投資人、創投等）在投資後如何決定對創辦人或新創公司的參與程度**，並探討影響這種參與程度的關鍵因素。
具體要點包括：
1. **參與模式的偏好**：投資者是傾向「被動支持」（除非被請求否則不干預），還是「主動參與」（如協助策略、人脈介紹、招聘等）？
2. **影響因素**：例如創辦人經驗、投資金額、公司發展階段、投資者自身時間精力等如何影響參與程度。
3. **實務經驗分享**：邀請投資者分享實際案例，尤其是參與方式隨時間變化的經歷。
4. **創辦人的顧慮**：文中也提及創辦人對融資後可能面臨的「附加條件」（strings attached）的擔憂，尤其是這些條件是否會與終端用戶利益衝突。
整體而言，討論聚焦於「投資後關係的動態平衡」，並希望透過實際經驗幫助創業者理解不同投資者的風格與潛在影響。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/](https://reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/](https://www.reddit.com/r/investing/comments/1jpiadz/how_hands_off_vs_hands_on_do_you_tend_to_be_when/)
- **發布時間**: 2025-04-02 14:42:13
### 內容
Curious to hear from angels, VCs, etc here how do you decide how much involvement to have with a founder or startup after investing?
Do you prefer staying out of the way unless asked? Or do you take a more active role (e.g. strategy, intros, recruiting help)? What factors make you lean one way or another founder experience, check size, stage, your own bandwidth, etc?
Would love to hear some real-world experiences, especially if your level of involvement has changed over time. I recently launched my own thing last week and we've gotten a fair amount of attention but a little apprehensive to raise funds with a perceived bias that the strings that come with a cheque may not always be in the best interest of the end user.
### 討論
**評論 1**:
There are precisely zero angels or VCs here
Only demons and degens
---
## 23. ```
2025 Q1 asset class returns & new valuations
``` {#23-```
2025-q1-asset-class-returns-new-valuations
}
這篇文章的核心討論主題是 **2025年第一季全球主要資產類別的投資回報表現及相關影響因素分析**，具體涵蓋以下重點：
1. **資產類別回報比較**
- 美國股市（VTI）、非美國股市（VXUS）、美國債券市場（BND）以及平衡型基金（如VT、VSMGX）的名義美元報酬率（含股息再投資）。
- 非美國股市因美元走弱（美元指數下跌4%）而獲得匯率換算優勢，推升其以美元計價的回報。
2. **通膨與實際回報背景**
- 同期CPI-U通膨率累計1.1%，暗示需進一步調整數據以評估「實質回報」。
3. **估值指標變化**
- 各資產的估值數據（如VTI和VXUS的市盈率、BND的到期收益率），反映市場風險偏好與收益預期的調整。
4. **關鍵影響因素**
- 美元貶值對非美資產的報酬影響。
- 股債市場的相對表現（如60/40平衡型基金微幅正報酬，顯示分散配置的效果）。
**總結**：文章透過數據分析2025年Q1跨資產表現，探討匯率、通膨及估值變動對投資回報的交互作用，提供市場動態的量化觀察。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp0t0n/2025_q1_asset_class_returns_new_valuations/](https://reddit.com/r/investing/comments/1jp0t0n/2025_q1_asset_class_returns_new_valuations/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp0t0n/2025_q1_asset_class_returns_new_valuations/](https://www.reddit.com/r/investing/comments/1jp0t0n/2025_q1_asset_class_returns_new_valuations/)
- **發布時間**: 2025-04-02 01:04:19
### 內容
The total returns (including reinvested dividends) in nominal (before-inflation) USD terms of core asset classes during the first quarter of 2025 were:
|Asset Class|Nominal USD Return|
|:-|:-|
|US stocks [via VTI]|-4.8%|
|Ex-US stocks [via VXUS]|+5.7%|
|US total bond market [via BND]|+2.8%|
For some blended / balanced funds:
|Fund|Nominal USD Return|
|:-|:-|
|Global stocks [via VT]|-1.0%|
|60/40 global stocks / bonds [via VSMGX]|+0.2%|
A weaker USD was a contributor to the return of ex-US stocks in USD terms. The USD ended the quarter down about 4% relative to a basket of other currencies (source), increasing the USD value of ex-US stocks denominated in other currencies that strengthened against the USD.
Cumulative CPI-U inflation across the 3 months through February was 1.1% (source).
Valuation metrics as of 3/31/2025:
-
VTI trailing P/E ratio: 26.1x (source) => trailing earnings yield: 3.8% [from 27.5x / 3.6% at the start of the quarter/year]
-
VXUS trailing P/E ratio: 15.6x (source) => trailing earnings yield: 6.4% [from 15.4x / 6.5% at the start of the quarter/year]
-
BND yield to maturity: 4.6% (source) [unchanged from the start of the quarter/year]
### 討論
無討論內容
---
## 24. ```
Stock market or property investmen```, and why?
``` {#24-```
stock-market-or-property-investmen```-and-w}
這篇文章的核心討論主題是「投資股票市場與投資房地產（買房出租或轉售）的比較」。作者主要探討兩者的潛在收益與所需付出的努力：
1. **房地產的優勢**：長期持有（5-10年）可能透過資產增值和累積權益（equity）獲得更高收益。
2. **股票市場的優勢**：投資指數基金（如ETF）更省時省力，管理成本較低。
3. **關鍵權衡**：房地產潛在回報可能更高，但需投入更多時間與精力；股票投資則相對被動且流動性高。
總結來說，文章聚焦於「收益與便利性之間的取捨」，並引發讀者思考哪種投資方式更符合個人目標與資源。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/](https://reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/](https://www.reddit.com/r/investing/comments/1jp6tgs/stock_market_or_property_investments_and_why/)
- **發布時間**: 2025-04-02 05:03:29
### 內容
Would you rather invest in the stock market or in property (buy to ) and why?
I'm comparing numbers and realising property can make more money if someone buys and then sells in 5-10 years, with the equity built.
On the other hand, it's way much more work than putting money in an index fund.
Though```?
### 討論
**評論 1**:
I would rather work 50 hours a week and get 200k ish a year in wages, benefi```, 401k match, etc than spending my time renting properties and maintaining them. I will just take my extra wages and put them in the stock market
**評論 2**:
Why not both?
**評論 3**:
I own a restaurant and 2 Airbnbs.
The income from the real property and business gives you a huge sense of security and allows you to take more risks in the stock market without excessive worry or crying when blowing your account up on r/wallstreetbe```.
Yes its much more work, but the tax advantages of being able to depreciate property over 27.5 or 39 years does make up for some the extra income you bring in, as a bonus to the security and stability it provides versus stock asse```.
I would advocate to own 1-2 investment rental properties and also own stocks. Its the best of both worlds. If stocks underperform, no worries. Your rental income has your back. If your stocks outperform, great!
**評論 4**:
Remember that with real estate you're provided the standard depreciation deduction - divide your purchase price by 27.5 - which offse``` much/most/all of the rent. So even deals that look like break even or marginally worth it, can generate tax free income, and you keep all the appreciation over time. I've sold many properties and the recapture is never as painful as I feared, my accountant is pretty good at keeping my taxes extremely low with real estate. Whereas with any stock investment, you're gonna get a 1099 and pay tax on every penny. It's also virtually impossible to buy stocks at a discount or BRRR them, they're always priced as accurately as all known information, whereas real estate deals can def be had below market.
**評論 5**:
Please tell me you're talking about REITs v. SP500. Otherwise, stock market.
---
## 25. ```
What makes Vanguard Accoun``` different
``` {#25-```
what-makes-vanguard-accoun```-different
```}
這篇文章的核心討論主題是：**比較Fidelity和Vanguard的指數基金（特別是退休帳戶如Roth IRA中的選擇）**，並探討是否值得從Fidelity轉換到Vanguard。具體重點包括：
1. **被動投資策略的偏好**：作者傾向「設定後不理」的指數基金投資，用於退休規劃。
2. **Vanguard產品的常見討論**：好奇Vanguard旗下基金（如VT、VOO）的獨特優勢或差異。
3. **轉換平台的考量**：是否該從Fidelity指數基金轉到Vanguard退休帳戶？兩者是否存在實質差異，或只是微小區別（如費用、追蹤標的、長期表現等）。
簡言之，作者希望釐清兩大平台指數基金的優劣，以決定是否需調整現有退休投資配置。
- **Reddit 連結**: [https://reddit.com/r/investing/comments/1jp1dzb/what_makes_vanguard_accounts_different/](https://reddit.com/r/investing/comments/1jp1dzb/what_makes_vanguard_accounts_different/)
- **外部連結**: [https://www.reddit.com/r/investing/comments/1jp1dzb/what_makes_vanguard_accounts_different/](https://www.reddit.com/r/investing/comments/1jp1dzb/what_makes_vanguard_accounts_different/)
- **發布時間**: 2025-04-02 01:27:36
### 內容
I currently have a fidelity index fund for my Roth IRA as Im not a big investor. Very much a set it and forget it type that wan``` to set something up for retirement (hopefully one day).
I always see a lot of talk about Vanguard accoun (VT, VOO, etc) and wonder what makes these accoun so different or special?
Should I switch my Roth IRA from a fidelity index fund to a vanguard retirement account?
Is there an actual difference or would I just be splitting hairs?
### 討論
**評論 1**:
- VT and VOO are funds, not accoun```. You do not need to use a Vanguard brokerage account to invest in Vanguard ETFs.
- Vanguard is known for pioneering low-expense index fund investing, and had the lowest fees for years, but they do not have lower fees than competitors nowadays in most categories. There is no need to use their funds over competitors.
**評論 2**:
It depends. Are you buying mutual funds or ETFs?
The main reason to hold your account at Vanguard is if you want direct access to Vanguard mutual funds (e.g. VTSAX, VFIAX etc) without the fees that other brokers like Fidelity would charge you to buy and sell Vanguard mutual funds. If you're only buying ETFs (e.g. SPY, VOO, VTI, etc) then it really doesn't matter if your account is at Fidelity or Vanguard.
**評論 3**:
Vanguard was the pioneer in the low cost index fund investing world, their funds names are still used for shorthand even when talking about general investing principles.
In the past ~15 years other brokerages like Fidelity or Schwab have stepped up to be just as low cost but with better interfaces or more features. You can buy the Fidelity equivalent of VT, VOO, VTI, VXUS and it will be just as good and low cost as i``` indexed against the same thing.
There is little reason to move from Fidelity to Vanguard
**評論 4**:
Since you're at fidelity, another option is FZROX (total us market) and FZILX (international). These are fidelity only mutual funds and they have zero fees. My understanding is they are "loss leader" type mutual funds, in that fidelity doesn't actually make money managing them, but rather they are to attract new customers. This means someday maybe they could add fees to the funds. However, if that happened, you can just sell and reallocate to another fund as needed. This would create a taxable event, which is why I only use the funds in a nontaxable account (like roth IRA, which you have).
Tbh though the fees on other index ETFs like VOO are so low that i``` kinda just splitting hairs and doesn't matter. But still what I use since it "feels good" too have 0 fees
**評論 5**:
Not much reason to move it just because people hype Vanguard. The performance and fees are nearly the same. Id worry more about how much you're putting in rather than which brand it's with. If youve still got cash sitting on the side, maybe look into a HYSA to park that for now. No need to fix whats already working.
---
# 總體討論重點
### 25篇討論重點條列式總結（附錨點連結與逐條細節）
---
#### **1. 美國關稅政策與加拿大股票影響** [#1](#anchor_id_1)
- **政策背景**：4名共和黨議員跨黨支持撤銷對加拿大關稅，民主黨主導決議。
- **市場反應**：利好加拿大ETF（XIC、EWC）及企業（NTR、MG）。
- **爭議點**：論壇管理員被質疑因政治傾向刪除相關股票討論。
---
#### **2. 美國旅遊業衰退與投資策略** [#2](#anchor_id_2)
- **現狀**：加拿大赴美遊客銳減70%，威脅14萬就業與140億美元消費。
- **做空標的**：加國航空（Air Canada）、邊境州酒店業。
- **做多標的**：國際旅遊平台、非美區域航空維修公司。
---
#### **3. 加密貨幣與傳統投資的平衡** [#3](#anchor_id_3)
- **心理衝突**：加密貨幣高報酬 vs. 傳統資產穩定回報。
- **關鍵問題**：如何管理貪婪並說服自己接受較低但穩健的報酬？
---
#### **4. 股票基本面分析工具替代方案** [#4](#anchor_id_4)
- **需求**：快速獲取估值/成長評分（類似Seeking Alpha的Factor Grades）。
- **候選工具**：Stock Rover、Koyfin（但介面或功能未完全滿足）。
---
#### **5. 基金投資的資金流向機制** [#5](#anchor_id_5)
- **核心問題**：資金如何從投資人轉移至基金帳戶？是否集中管理？
- **類型差異**：私募基金、ETF、共同基金的運作差異。
---
#### **6. 債券ETF配置與避險功能** [#6](#anchor_id_6)
- **BND結構**：政府債、公司債比例與期限分布。
- **配置建議**：1-5檔債券ETF的分散策略（如短期/通膨連結債）。
---
#### **7. 美國全面關稅的經濟衝擊** [#7](#anchor_id_7)
- **影響層面**：企業成本上升、消費需求疲軟、SP500投資策略調整。
- **政治背景**：特朗普政府擬對所有貿易夥伴課20%關稅。
---
#### **8. Roth IRA中的股息再投資效益** [#8](#anchor_id_8)
- **股息策略**：市場下跌時買入更多股份，長期複利效果。
- **對比標的**：高成長科技ETF（如VGT）可能犧牲股息再投資優勢。
---
#### **9. 市場下跌期的投資心理管理** [#9](#anchor_id_9)
- **風險擔憂**：高比例投入VOO（月收57%），但缺乏危機經驗。
- **緩解措施**：緊急預備金、部分轉向貨幣基金以降低波動焦慮。
---
#### **10. 投資新手提問指南** [#10](#anchor_id_10)
- **重點**：提供結構化提問框架（如年齡、風險承受度）與自主學習資源（Wiki、書單）。
---
#### **11. 繼承TSP的財務抉擇** [#11](#anchor_id_11)
- **選項**：領現金（清償債務）vs. 轉入IRA（延稅退休儲蓄）。
- **權衡**：短期財務自由 vs. 長期保障。
---
#### **12. 403b退休帳戶的風險配置** [#12](#anchor_id_12)
- **矛盾點**：41歲投資者95%資金投入高風險股票，是否應轉向債券？
---
#### **13. 跨境ETF的稅務優化** [#13](#anchor_id_13)
- **選擇原因**：愛爾蘭註冊ETF（VUAA、VWRA）股息稅率15%（vs. 美國30%）。
---
#### **14. 信託高費用組合的簡化** [#14](#anchor_id_14)
- **痛點**：200檔個股轉換為ETF的稅務成本（70萬未實現收益）。
- **提案**：Fidelity管理帳戶（低費+稅損收割）vs. 一次性出售。
---
#### **15. Robinhood第三方整合風險** [#15](#anchor_id_15)
- **疑慮**：優惠服務需