Stern business school

January 11, 2020

Introduction

I came cross the wechat post of my advisor prof. Jie Wu, and his daughter graduated from New York medical school and also MBA from stern business school. So I like to take a look about Stern business school. I still remembered in 2001 Christmas party, I went with other 10 PH.D. students to attend family Christmas party.

Stern business school

Here is the link.

Q：都说NYU的商学院Stern好，那可以转院去Stern么？

Lyn：每个NYU 的学生，可以自由选择四门别的校区的课程，并且可以自由的在除了Stern学院以外的学院转院。从别的校区想转院去Stern只有两个专业可以选择，金融或者政治金融。纽约大学的课从早上八点直到晚上十点结束，几乎所有时间段都有。

Q：Stern很神秘，是很多人的梦想，给我们具体说说Stern吧。

Lyn：我在这里尽量还原一个真实的Stern。Stern商学院是美国数一数二的商学院，有不少同学愿意放弃看上去比NYU好很多的学校来Stern。Stern的教授有很多享誉金融界的大亨和名人，当然课也比较难抢。

因为学校从大一开始对Stern学生统一提供公司实习的机会，由于大家公平竞争的种种原因，导致Stern的压力和竞争特别大。Stern只有前10%的学生可以称为的真正的精英，学院大部分的机会资源教育都集中在他们身上， 他们创造了Stern的名气。

在NYU，以体育特长生名额进入NYU的学生享有自由选择学院的权利，其中大部分学生选择去了Stern。不过NYU对于体育特长生的要求和训练是非常多的，会占用学生大部分时间，建议大家谨慎选择报名。

New York University

排名：综合性大学第36位（2017 U.S.News）

性质：私立大学，semester制

联盟：于10个国家有分校，包括阿布扎比、中国上海

在校生人数：24985

录取率：27%（2016 - 2017）

国际生比例：31%

学费（不含食宿）：$46,816 - $54,062 (不同学院，学费不同)

Actionable Items

I have to push myself to work hard, I only can save $55,000 dollars and did not learn how to invest after working in the city of Vancouver Canada last 10 years. I have to learn from my young sister, she supported her daughter to study in Canada from high school in 2019 Oct.

Object storage - wiki article

I like to spend 10 minutes to read object storage wiki article. Here is the link.

Cloud storage

Here is the course I like to watch on In learning.

Follow up
Feb. 3, 2020 8:30 PM
Learning cloud computing: Cloud storage

How mental health alters decision making

Here is the article.

All of us are wired to seek rewards and avoid losses, and that remains true in people with mental health disorders. But in those people the nature of the risks and rewards and the way they activate the brain is skewed.

That altered decision-making creates challenges for people trying to make good decisions for their own health, whether it's overcoming depression, anxiety or eating disorders.

Book reading - The Bogleheads' guide to investing

Jan. 11, 2020

Introduction

I spent one hour 20 minutes to go over the book called The Bogleheads' guide to investing. I should read the book as early as possible in 2006. But it is never too late to read.

One hour reading

I went over a few chapters, and then I like to take some notes later on. Now it is 1:10 AM. I book 10:00 AM Saturday morning interview to manage myself not stay too late. Go to bed now.

5 Top-Performing ETFs to Keep an Eye On

Here is the article.

Java StringBuilder Insert API

January 10, 2020

Introduction

I met a young engineer who worked on remove k digits algorithms, I asked her about Java StringBuilder Insert API. It is such a good learning experience, I should read StringBuilder C# class and go over all APIs first.

C# StringBuilder class

I like to take some time to go over C# StringBuilder class again.

CSIA - skiing coach - Level 2 Certification Description

Here is the link.

I like to learn more about skiing. I like to focus on safety and important things.

A Deep Look At The Vanguard Total Bond Market ETF (BND)

January 10, 2020

Introduction

I like to put my emergency fund into Questrade.com stock account, since BND has 10% loss in Oct. 2018, I wonder if BND is good one for my emergency fund. I like to have one with less swing.

Learn more 

Here is the article.

2. I’m interested in fixed income / bond ETFs.  Which bond ETFs would you recommend?
There are over 200 bond ETFs, focused on different segments of the US and international markets. Among those ETFs, here are some that attracted most assets over time:

• BND Vanguard Total Bond Market ETF.  Its expense ratio is 0.05%. It covers bonds that are offered for sale in the US.
• AGG iShares Core US Aggregate Bond ETF.  Its net expense ratio is 0.06%.  It represents bonds that are sold in the US.
• BNDX Vanguard Total International Bond ETF.  Its expense ratio is 0.11%.  It provides a convenient way to get broad exposure to non-US dollar denominated investment-grade bonds.
• BSV Vanguard Short-Term Bond ETF.  Its expense ratio is 0.07%.  It covers  US investment-grade bonds with a dollar-weighted average maturity of 1 to 5 years.

At 25, Running Start is a success. Now it must attract students who need it the most.

Here is the article. I like to read more carefully second time.

Washington state running start program

I like to read 10 minutes about the program. Here is the link.


Running Start is a dual credit enrollment program in Washington, Hawaii, New Hampshire, Montana and Illinois^[1] which allows high school juniors and seniors to attend college courses numbered 100 or above, while completing high school. It is similar to other dual enrollment programs common at public and private colleges and universities in other states like Concurrent Enrollment or Dual Enrollment. Running Start credits are held in equally high regard as Advanced Placement or International Baccalaureate.

The Running Start program in Washington state was piloted in the early 1990s and officially approved to begin in the fall of 1993.

Running Start provides up to two years of paid tuition at any of Washington's community and technical colleges, and at Central Washington University, Eastern Washington University, Washington State University, and Northwest Indian College.^[9] High school juniors who can pass the entrance exam for a local community college may take part or all of their coursework at the community college. Successfully passing a course earns a student both high school and college credit.

Running Start students can complete a substantial number of their first two years of college credits early. After high school, they pay for fewer community college credits before moving on to four-year institutions; It is possible for a motivated student to earn both a high school diploma and a two-year college associate's degree simultaneously.

At CES 2020, Intel fails to defend its crown from AMD

Here is the article. I like to learn more about CES 2020 January 7 - 20, Las Vegas.

Ameritrade.com All positions - view options

January 10, 2020

Introduction

I came back to put my IRA fund into Ameritrade.com in May 2019, so I only had less than 7 months to explore all features in the website. Today I found the new ones I missed the last 7 months. What I like to do is to go over each graph and then take some notes as well. I do believe that it is healthy to spend time to learn best about Ameritrade.com website, I like to explore product features and ask myself why they are needed.

Features I found

All positions
View:

Basic
Bid/Ask
Fundamental
Index
Option
Option analytic
Mutual fund
Profit/loss
Snapshot
All positions (default)

Micro charts

This is my most favorite chart.

I like to show in the following.

Actionable Items

How to determine if I should rebalance after 7 months with 10% gain? I need to learn more about market swing, and see what is my strategy as a long term investor.

Life is tough to be a book reader

January 10, 2020

Introduction

It is my new year resolution. I like to spend time to read a book called restful web service, and I like to learn from book reading. But life is tough and I have to figure out how to read a book more efficiently.

Book reading

I have not read a book long term. A few years ago I learn JavaScript, and I found that I should read a JavaScript book. At that time, I started to watch pluralsight.com courses.

I like to work on my reading skills, and see how I can learn better compared to watch LinkedIn courses and other ways.

Right now, I found out that I have to go back to read the first few pages, and make sure that I understand better.

Sometime I cannot concentrate too long to read a book. I have to write down what I like to do after I read 10 to 20 minutes. Instead of doing it right away, I write down the idea, and then continue to read the book, but I change the strategy, print out one or two pages, or start all over again from first page of chapter.

After two days, I am still working on the first chapter.

This too shall pass. I remembered the statement, and I like to search bible version on this topic. Here is the article.

Actionable Items

I need to work hard, and then I can show case how I read the book efficiently. I like to focus on book reading and see if I can learn better compared to video watching, like linkedIn learning, or other online courses.

Follow up
Feb. 2, 2020 10:39 PM
It is better for me to take some courses from Linkedin Learning. There are a few courses related to restful API.

【ENG SUB】19岁常青藤毕业成为微软总部产品经理，23岁的产品总监，一位天才少女的故事 / A 23-yr-old PM Director’s story

Here is the link.

Liu Yujia, linkedin profile is here.

Bean tech website is here.

How to read more effectively

Here is the article.

1. Set up yourself up to succeed
2. Triage and curation are important
3. Find the right reading strategy
4. Remember what you read
5. Understand the psychology behind reading


sunk-cost fallacy cognitive bias in action
herding and Ravikant cautions against falling for it

Clayton Bingham Researcher at The Center for Neural Engineering at USC

Here is quora page.

I like to figure out how to learn from the researcher and then I can read a book called restful web services more efficiently.

Rookie to read book Restful web services

Jan. 9, 2020

Introduction

It is my new year resolution. I like to push myself to learn better by reading a few technical books in 2020. One of books I like to read is called restful web services.

My experience

Here is the snapshot of books I like to read.

I also looked up how to read a book. One of ideas on quora.com is here.

50 Ways To Measure Understanding

Jan. 9, 2020

Introduction

I plan to read a book called Rest service, and I like to figure out how to read a computer science book  and I can finish it in less than one week. I google some articles to read.

50 ways to measure understanding

Here is the article.

45567 YALE ROAD 216, Chilliwack, British Columbia V2P0B2

$219,900

INVESTOR ALERT!! Large 2nd floor 1 bedroom+ den (facing mountain views) rented $950/Mth. Includes an open layout floor plan with a large master bedroom, w/walk-in closet+ balcony (covered), in-suite laundry and much more. The large den is is currently used as a second bedroom. Building equipped with secure underground parking, onsite caretaker, exercise center, no age restrictions and rentals allowed. "The Vibe" is centrally located, being close to all amenities; transit, Hwy 1, recreation center, etc. (id:1937)

101

Mar 16, 2018

$198,000

More
108

Nov 20, 2017

$162,500

More
111

Apr 21, 2018

$211,500

My sweet spot - being friendly as a Christian

January 8, 2020

Introduction

It is hard for me to learn how to parent myself, and understand my emotions. I did spend over three hours to chat with my younger sister, and then I found out that I wasted time on those memory we held together in December 2019. I am working on personal finance research, I like to value my time and do not waste them.

My sweet spot

I learn from tennis sports. After I had good time last holiday break, I had to catch up time to say thanks to my young sister. Her daughter stayed in the dormitory the whole month of winter break in Toronto area, she tried to give advice to her daughter what to do and how to spend time. I also learned a few things from my 15 years old niece.

Why it is so important for me to read a book?

January 8, 2020

Introduction

It is so challenging to compete those top paid jobs because I have to read a few technical books related to rest API and system design. I like to spend time to read a book instead of watching Linkedin learning videos.

Confidence

Where should I find my confidence to learn system design and architecture in pragmatic way?

Comparison study: personal finance and algorithm practice

January 8, 2020

Introduction

It is hard for me to continue to practice algorithm and data structure. I have one week break in December, and now it is the time for me to recover and focus on the work. I like to learn how to balance my time, and manage myself better on limited time.

Personal finance

Algorithm practice

System design

If I have 30 minutes to give a lecture on investment

January 8, 2020

Introduction

It is so hard for me to reach out my community and share my experience, today I put together a blog titled "Good quality learning about investment" and then spent over 30 minutes to share with my friend about investment on wechat. I already spend over hundreds of hours to study personal finance, if I have 30 minutes to give a lecture, what I should tell. Should I make a video and show it on youtube.com?

30 minutes to give a lecture

I made a few videos before for my tennis sports. Here is my favorite one.

My biggest finance mistake I found

January 8, 2020

Introduction

I like to write a short research report, called what is my biggest finance mistake I found in year 2020. It is so big surprise and I like to write a case study on this one.

Case study

I will add more content later. I never question my financial behaviors, I could not tell that I am making common financial mistakes until I learn more about finance courses from MIT open courseware in January 2020.

Case study: My mortgage pre-approval from Scotia bank

January 8, 2020

Introduction

I only worked less than four hours today. I had 4:00 PM appointment with Scotia financial advisor. I like to write a case study on this one.

My mortgage pre-approval

Total loan amount: $152,000.00
Maximum approved amount: $196,447.06
Monthly payment: $717.78
Interest rate: 2.98%
Amortization: 25 years
Term: 3 year closed - fixed rates
Expiration date: May 6, 2020

Date issues: Jan. 8, 2020

Extra notes taken by hand:

Closing cost 1.5%
annual meeting minutes for condo association
maximum amount: $169,000
Close date: 3 months
prepayment:

20%, 15%, 10% - pay more principal

Fixed 3 yr   2.9%
          7 yr   3.3%
          5 yr   3.09%

Financial ratios - Understanding the Sharpe Ratio

Here is the article.

Risk-Adjusted Return

Here is the article I like to spend 10 to 20 minutes to read and understand.

After 10 fat years for stock investors a lean decade is looming

Here is the article.

Let me review the paragraph and list a few facts in the statements:

It should come as no surprise that U.S. equity-market investors have been handsomely rewarded thus far this decade, a period of time that roughly corresponds with the recovery from the financial crisis (the bottom came in March 2009, roughly 10 months before the start of the 2010s). The S&P 500 SPX, +0.49%  is up nearly 140% since the start of the decade, and more than 180% on a total-return basis. The Dow Jones Industrial Average DJIA, +0.56%  is up more than 130% over the same period.

Facts:
SPX - 140% starting from 2010 to 2018, total return 180%
DJIA - 130% starting from 2010 to 2018. 

Actionable Items

In order for me to be able to understand the article, I have to read two articles first on investopedia, first one is what is sharpe ratio, and second one is to understand risk-adjusted return. 

Good quality learning about investment

January 8, 2020

Introduction

It is important for me to select those top quality content from my own experience, I like to list less than five items in last month.

Top five items

First one is to take time to study the course from Jake Xie. Here is MIT course link.

Second one is to study boglehead investment advise website. Here is the link.

The third one is to study portfolio management course instructed by Andrew Lo. Here is the link.

The fourth one is to read top performing last 10 year return. Here is the article.

The fifth one is related to risk, swing of portfolio, the interview conducted by wealthtrack.

Top 15 performing ETFs past 10 years - 9/26/2018

January 8, 2020

Introduction

It is better only to review top 15 performing ETFs past 10 years. I only can find the article written up to 9/26/2018, so I like to use the data to learn and write down my study notes.

My study notes

Here is the article.

Actionable Items

I like to use 10 year average annual return as my metrics, and then I should not worry about less than 3 years return, and feel comfortable about market swing, learn more about risk.

10 year average annual return is my darling.

Which Stocks Are Showing Rising Relative Strength?

Here is the article I like to read.

How can you spot the best stocks to watch — and weed out the laggards? Start by checking IBD's exclusive Relative Strength (RS) Rating. This telltale metric can help you spot winning stocks in the early stages of a big move.

ProShares Ultra QQQ (QLD)

January 8, 2020

Introduction

It is the first time I learn the ETF with target for twice the daily performance of the Nasdaq 100 index. I like to learn more later. 

Start from a simple statement

ProShares Ultra QQQ (QLD) came out on top with a 28.6% annualized return over the past 10 years. The $2.1 billion fund shoots for twice the daily performance of the Nasdaq 100 index. It carries a 0.95% expense ratio. QQQ charges 0.20%.

Actionable Items

Maybe I should invest QLD in 2020. 

ProShares Ultra Dow 30 (DDM)

ProShares Ultra Dow 30 (DDM), with $437 million in assets, has produced a 10-year average return of 18.4%. This leveraged play targets twice the daily performance of the Dow Jones industrial average. It charges 0.95%. The non-leveraged SPDR Dow Jones Industrial Average (DIA) costs 0.17%.

The best ETFs including leveraged funds

January 8, 2020

Introduction

I like to study the topic called best 10 year annualized return ETF, so I have to chance to learn a new concept called including leveraged funds, and also a new term called undergo wider swing.

Case study

Now, let's take a look at the best ETFs including leveraged funds, based on 10-year average annual returns. Leveraged funds tend to undergo wider swings, since they usually aim for double or triple the daily return (or inverse) of an index. So while they can produce big gains quickly, investors can also suffer big losses in a short time. They also tend to carry higher expense ratios than their non-leveraged counterparts.

ProShares Ultra QQQ (QLD) came out on top with a 28.6% annualized return over the past 10 years. The $2.1 billion fund shoots for twice the daily performance of the Nasdaq 100 index. It carries a 0.95% expense ratio. QQQ charges 0.20%.

ProShares Ultra Dow 30 (DDM), with $437 million in assets, has produced a 10-year average return of 18.4%. This leveraged play targets twice the daily performance of the Dow Jones industrial average. It charges 0.95%. The non-leveraged SPDR Dow Jones Industrial Average (DIA) costs 0.17%.

Invesco QQQ Trust (QQQ) ETF study

Invesco QQQ Trust (QQQ), a widely used barometer for big-cap tech stocks, also made a strong showing with a 16.7% average annual return. The $71.3 billion fund, which tracks the tech-heavy Nasdaq 100, is topped by Apple (AAPL), Amazon, Microsoft (MSFT), Alphabet and Facebook.

SOXX ETF study

SOXX - 16.9% 10-year annualized return, 1.6 billion fund, which tracks PHLX SOX Seminconductor index, owns 30 chip stocks including Broadcom (AVGO), Qualcomm (QCOM), Intel (INTC) and Nvidia (NVDA). The index has trended highers since late 2000, driven by widespread use of semiconductors in everything from smartphones to cars.

Tech Stock Funds Top List Of Best ETFs Over The Past Decade

January 8, 2020

Introduction

It is important for me to invest time to learn how to invest on stock market. What I like to do is to learn average 10 year return, so this way I can save time to choose best 10 year return ETF to invest. And also it is important for me to read a few investment books, so I can think and behave better in bear market.

Tech stock funds

Here is the link.

average daily volume - at least 50,000 shares

Sector Funds - biotech, internet and semiconductor were among the best ETFs.

FDN - 20.8%, 9.5 billion in assets.
The FANG stocks - FB, AMZN, NFLX, GOOG made up nearly a third, or 33% of the 41-stock portfolio.

I read the above statement too quickly to understand the fact. I typed the statement into my blog and then I understood the statement.

SOXX - 16.9% 10-year annualized return, 1.6 billion fund, which tracks PHLX SOX Seminconductor index, owns 30 chip stocks including Broadcom (AVGO), Qualcomm (QCOM), Intel (INTC) and Nvidia (NVDA). The index has trended highers since late 2000, driven by widespread use of semiconductors in everything from smartphones to cars.

It takes time for me to read the article. I tried to break the article into multiple topics and created a blog for each topic.

Ranked by 10-year average annual return as of 9/26/18 and screened for volume.

10 Top-Performing ETFs of the Past Decade

Here is the article.

Which passive funds have best 10-year returns?

Here is the article.

Case study: Minimized square sum algorithm mock interview

January 7, 2020

Introduction

It was my first mock interview on interviewing.io as an interviewee in 2020. The time was January 6, 2020, 8:00 PM. I like to write a short case study on this mock interview.

Case study

I was asked to work on the algorithm called minimize square sum.

This is my 7th interview as an interviewee. This is the first interview I was advanced to next round.

Cheers for the first success.

The problem statement link is here.
My first solution written with misunderstanding, here is the link.
My second solution written to solve the problem, brute force solution, here is the link.
Discussion how to use optimal time complexity, O(n). Here is the link.
Optimal Python solution shared by the interviewer. Here is the link.

With source code
The problem statement link is here.
My first solution written with misunderstanding, here is the link.
My second solution written to solve the problem, brute force solution, here is the link.
Discussion how to use optimal time complexity, O(n).
Optimal Python solution shared by the interviewer. Here is the link.

My feedback as an interviewee

Interviewer's feedback

Actionable Items

Jan. 9, 2020

Since it is my first interview which I could advance to next round, I like to document the time line of interview, and then figure out later when to improve and push myself to analyze the algorithm better at the very beginning.
0:00 - 7:50 read the problem and discuss the problem
7:57 - start to code
14:37  ran the code and fixed compiler error
16:32 - compiler erro
19:16 - Add test cases
Result "alice", "bob","bob", result: 5
       "alice", result: 1
22:20 "Alice", "Bob", "Charlie", should be 10, but my answer is 3.
29:11 Run test case by hand, "Bob", "Alice", "Bob", result should be 3
32:41 Fix the issue, write another function
38:00 - 40:00 wrote the code
40:00 - 42:00 fix compiler error
42:52 - test "Alice", "Bob", "Charlie", return is 10, correct
43:18 - test "Bob", "Alice", "Bob", 3
45:00 - 48:00 brainstorm how to optimize the solution
redundant work analysis by a simple example
52:00
54:00 - List<int[2]>> all intervals - discussion to calculate on the fly, no need to record all interval start and end, only care about square of range
55:00 - 60:00 the interviewer showed how to design a hashMap, and shared optimal solution - python code
63:00 - end the interview

Wealthtrack - Andrew Lo

Here is the link.

13:00
Do not be a day trader. Intelligent investor.

Start asking questions. Risk, liquidity, difficulty for redemption.

Each investor should be his own portfolio manager.


15:00
risk allocation

be uncertain about the risk.
10% swing - 30% swing - reduce surprise in risk

A particular risk budget - correlations, literature online,

Case study: Par 401 K 2010 - 2020 10 year history

January 6, 2020

Introduction

I took a few minutes to show how to use Charles Schwab to analyze last 10 year net position. I had hard time to understand myself. From 2010 June to May 2019, I was so busy but I did not learn how to prioritize my projects. I wasted 10 years of my life to build wealth for myself using par 401 K.

Case study

First, I did a case study if I stay put and leave the fund in my original portfolio, I can have more than 20,000 market change in last 10 years. Here is the blog.

But in reality, I showed behavior problem in January 2009, and then I did not review my finance at all 10 years until I decided to move my research from God, being a Christian, a web developer, data structure and algorithm away, started my personal finance research.

I remembered my friend Rick gave me the comment in 2010 after he knew me more than 10 years. You always like to have people in arm's away. In other words, I always put other people's concern first, and work hard, but I do not know what I should manage to do my own business.

Poverty research

I did quick study about poverty on January 5, 2020. That was the first time I read the article about the topic. I like to look into more on this issue. How can I get out of poverty after working so hard over 24 years in North America.

Low income research

I also started to work on research on low income. How should I work on and then stay confident on capitalism. The way to build wealth is not to rely on high paid job as a software programmer.

Here is the article.

So much fun to learn from MIT Finance Theory course

January 6, 2020

Introduction

I just could not believe that it is such a good course to watch called Finance theory. I like to write down a few words and share my experience of learning.

Why is it So Hard to Escape Poverty in America

Here is the article.

My favorite reading is the following:

Poverty and Psychosocial Outcomes

Children living in poverty are at greater risk of behavioral and emotional problems.

• Some behavioral problems may include impulsiveness, difficulty getting along with peers, aggression, attention-deficit/hyperactivity disorder (ADHD) and conduct disorder.
• Some emotional problems may include feelings of anxiety, depression and low self-esteem.
• Poverty and economic hardship are particularly difficult for parents who may experience chronic stress, depression, marital distress, and exhibit harsher parenting behaviors. These are all linked to poor social and emotional outcomes for children.
• Unsafe neighborhoods may expose low-income children to violence which can impact mental well-being. Violence exposure can also predict future violent behavior in youth which places them at greater risk of injury and mortality and entry into the juvenile justice system.

24 Financial Tips For Low-Income Earners

January 6, 2020

Introduction

I have to learn some financial tips for low-income earners. I did experience tough time in 2009 without any income, and also I also made mistakes to handle my USA 401 K and IRA CD accounts.

24 financial tips 

Here is the article.

Don’t Be Penny Wise and Pound Foolish

I have to learn my mistakes, I made penny wise and pound foolish. 

Bernstein, McCulley, Hayes - WEALTHTRACK 243 - 04/27/07

Here is the link.

The U.S. economy is showing signs of a slowdown, while the inflation rate is threatening to rise. How should stock and bond investors respond to such contradictory signals? Our guests will sort through the mix of economic statistics and help viewers plot their investment strategy for the period ahead. Economist and author Peter Bernstein is one of the world’s foremost experts on financial risk; Paul McCulley is a portfolio manager with bond powerhouse, PIMCO and Tim Hayes is Chief Investment Strategist with Ned Davis Research.

24:35/26:05

Actionpoint

• Risk is the center of investment decisions
• Diversification is essential to investing
• Markets are hard to beat

Peter L. Bernstein - wiki article

Here is the article.

As investment manager[edit]

In 1951, after teaching economics at Williams College and a five-year stint in commercial banking, Bernstein took over, at family insistence, the management of his late father's wealth management firm, Bernstein-Macaulay Inc., where he personally managed billions of dollars of individual and institutional portfolios. The assets under his management had grown more than tenfold by the time the firm was sold in 1967 and he resigned in 1973 to launch Peter L. Bernstein, Inc. and, a year later, to become the first editor of The Journal of Portfolio Management, a widely read scholarly financial publication for investment managers and academics. He continued as consulting editor of the Journal and served on the advisory panel of Robert D. Arnott's investment management firm, Research Affiliates.

Career as educator and lecturer[edit]

Bernstein served for many years on the Visiting Committee to the Economics Department at Harvard University, as a Trustee and member of the Finance Committee of the College Retirement Equities Fund (CREF), and as a Trustee of the Investment Management Workshop sponsored by the Association for Investment Management & Research (AIMR), and had been lecturing widely throughout the United States and abroad on risk management, asset allocation, portfolio strategy, and market history.

Peter L Bernstein on Risk

Here is the link.

My most favorite personal finance mentors

January 5, 2020

Introduction

It only takes me less than a few hours, I start to love the teaching from MIT open course prof. Andrew Lo and also Jake Xia. I did some research and watched Andrew Lo through a few interviews  a few years ago. But I learn from his teaching.

My most favorite finance mentors

I am reading the book called boglehead investment guide book, and also watch MIT open course.

I like to write down my finance mentors.

1. Andrew Lo and his course - Finance theory
2. Jake Xia and his course - portfolio management
3.

Ses 19: Efficient Markets II

Here is the link.

MIT 15.401 Finance Theory I, Fall 2008 View the complete course: http://ocw.mit.edu/15-401F08 Instructor: Andrew Lo

How much passive income to help me to become a quarter millionaire?

January 5, 2019

Introduction

It is my personal finance research. I spent over 13 months to research my own personal finance data. I do own a home with market value $135,000 US dollars in Florida state, and less than $30,000 US dollars 401 and IRA account, so I also worked 10 years full time in Canada, and saved almost $80,000 dollars. I think that it is a good idea to evaluate what percentage is generated by market value profit (market change).

Why good at math is not good enough?

I worked on math education very hard from 1984 to 1988. I can do so good on real analysis and probability, statistics from 1996 to 1997. But I do not have skills to learn new area in terms of risk management, understand market risk, and control my emotions to discipline myself.

I grew up with five siblings. I grew up with so many problems to understand how a good society should work.

I do not own anything in Canada. I did not purchase any real estate from 2010 to 2019, and I did not purchase a brand new car. I purchased a used 2001 Honda accord in 2014, and I am easily to get scammed by maintaining a car.

My passive income in Canada is less than $5000 dollars, since I did not learn and also invest anything from 2010 to 2019.

But from 2010 to 2019, my Florida home has market value gain, the value is $135,000 dollars. I did study and investigate how much I spent on my rental income, and then I figured out that I did not invest those money, and ended up spending Canada income to pay repair. Here is the analysis. From 2010 to 2015, I enjoyed shopping clothes, and I did not learn how to invest in stock market.

My net income from 1996 to 2010 is around $200,000 dollars, I added all my 1040 together. I also added all my income together in Canada.

Ses 19: Efficient Markets II

Here is the link.

Why I want to be a half millionaire from quarter millionaire?

January 5, 2020

Introduction

It is hard for me to work on my personal finance goal. I like to set up a goal to work on my half millionaire goal. It is not too tough for me to work on algorithm and data structure study, work on another 240 algorithms, and work on system design. I should learn to be more confident to be myself, and learn to contribute to USA or Canada economy. I want to be a half millionaire, how to make it happen?

10 reason I want to be

As an experienced software programmer, I like to challenge myself to improve my performance at work, and in weekly contest, in interviews.

I should expand my research on more wide spectrum. Here are a list of things I can research on:

1. Finance literacy
2. Poverty level, Vancouver job market and people in 50s
3. Shanghai Jiaotong university alumni - contribute the community
4. Shanghai Jiaotong university math graduate alumni
5. Life style fitting for over 50s
6. Swimming, tennis, skiing, skating 
7. Church activities
8. Risk management - investment
9. Find time to read books about investment
10. My reading skills - read a few books 
11. Frugal life style, minimalism 
12. Entertainment - life achievements 

I like to spend time and learn more about Vancouver downtown area, take more free shuttle to Capilano suspension bridge park in 2020. So I can learn the value of $50 dollar ticket, what I can learn from the experience to hold annual ticket second time. 

The risk of different investment types

Here is the article.

How risk, reward & time are related

Here is the article on Vanguard.com.

Monitoring your risk level & rebalancing

Here is the article.

Choose your asset mix

Here is the article.

The right asset mix should:

• help balance risk with your expected rate of return on your investments,
• fit your tolerance for risk,
• let you to get your money when you need it,
• help provide the growth you need to reach your goals, and
• change as your needs and goals change over time.

When I can make $100,000 dollars in stock market?

January 4, 2020

Introduction

It takes me twenty year for me to figure out how to play investing game. I started from May 2019 and built portfolios. I put $100,000 dollars into the market, and then I like to figure out when I can double the money.

My goal

I like to set my goal and work hard on it. I have to learn how to work with bear market, maybe in 2020. I like to learn how to work with behavior economics, and learn to stay in the market, sell bonds to purchase equity fund. I will train myself to learn how to be frugal, do not purchase anything in order for me to learn to live in a simple life.

Winning the Loser's Game, 6th edition: Timeless Strategies for Successful Investing Hardcover – Jul 9 2013

Here is the link.

Case study: Why I was not optimist back in 2009?

January 4, 2020

Introduction

It is tough road for me to review my personal experience back in 2009. At that time, I was not an optimist. I like to figure out what I should do better in my life when next crisis comes.

Case study

I did not form a good community around me at that time. I like to look into some details and then see if I can analyze the situation better.

Why Docusign is the best company in the world in 2020?

Why Fortinet is the best company in the world in 2020?

Why Amazon is the best company in the world?

Jan. 4, 2020

Introduction

It is my short research. I like to write a short research report why Amazon is the best company in the world in 2020.

Why Dialpad is the best company in the world in 2020?

January 4, 2020

Introduction

It is my short research. I like to write a short research why Dialpad is the best company in the world.

Why?


Follow up
Jan. 30, 2020

I do think that I learned a few things to work with Dialpad by going through code screen, phone screen and onsite. I started to learn Restful web service, take courses on Linkedin learning and then I understood that it is such great learning experience compared to Amazon and Facebook onsite. Those engineers working in Dialpad are also super talent and smart.

Here is the link related to my experience, go to http://juliachencoding.blogspot.com/search?q=dialpad

Why Facebook is the best company in the world in 2020?

January 4, 2020

Introduction

I like to spend time to study more about Facebook, and also I like to write a short research why Facebook is the best company in the world.

Against the Gods: The Remarkable Story of Risk Paperback – Sep 14 1998

I like to take some time to learn from the book.

Capital Ideas by Peter L. Bernstein

Capital Ideas by Peter L. Bernstein (New York: Wiley, 2005). The founder of
the Journal of Portfolio Management gives a fascinating history of the financial
revolution of the past 30 years.

Peter Bernstein & Charles Ellis

Here is the link.

Two of the wisest men on Wall Street give us advice for the ages. We revisit our exclusive interview with the late, great Peter Bernstein, one of the world's greatest experts on financial risk. Plus our exclusive interview with world-renowned financial consultant Charles Ellis, who explains how to win what he calls "The Losers Game," investing.

Charles Ellis:

13:00
teenager driver - no serious accident


Five things
Stock, manager,

Get Asset mix right? How to do that?

do like marketability, do not like market up and down.

Asset Allocation: Balancing Financial Risk, Fifth Edition May 24, 2013

I like to spend 30 minutes to learn from the book.

Asset Allocation by Roger C. Gibson (New York: McGraw-Hill, 2000). One of the best books on the subject.

Quora: Why are Google software engineers considered better than Microsoft?

Jan. 4, 2020

Introduction

It is interesting to read the answer, and I like to write down some notes and then I like to think about how to learn the difference.

Quora question and answer

Here is the question.

Hiring standard
 Once you’re in Google, everyone knows you passed the same hiring bar. At Microsoft, hiring is chaotic, disorganized, and random. Every team has its own hiring practices; there are no company-wide guidelines of any significance. 

Internal transfer
Internal transfers are extremely hard at Microsoft, so when my team got disbanded and I was asked to find another team to transfer to, I left the company. And to answer the original question, I assume that due to this lots of people like me decide to leave Microsoft when things change… it’s too hard to re-interview over and over with internal teams just to maintain employment. Those of us who are able to join higher-paying companies were likely to leave.

The yearly stock “refresher” amounts

Salary
L4 - Google between $200-$300K annual in total compensation
Level 61-62 engineer at Microsoft < $200K annually
Senior < $300K annually