Search found 2507 matches

by Dale_G
Sun Aug 30, 2015 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Is the diversification in international stocks necessary?
Replies: 7
Views: 473

Re: Is the diversification in international stocks necessary?

It is especially easy to question the value of international diversification when the internationals have not performed well for some time. When (and if) the international markets outperform, there will be fewer questions about whether they are necessary. No, international equities are not necessary...
by Dale_G
Sun Aug 30, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fractional Ownership [Property]
Replies: 23
Views: 1535

Re: Fractional Ownership [Property]

I repeat the question - have you looked at the timeshare resale market? You should really do that.

Pick your town or resort and search for timeshare resales. "Fancy" properties with prestige names often go begging, especially when there are yearly dues.

Dale
by Dale_G
Sun Aug 30, 2015 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fractional Ownership [Property]
Replies: 23
Views: 1535

Re: Fractional Ownership [Property]

I am sure this is a wonderful property. But have you looked at the timeshare resale market???? It looks like a lot of people want to get out of their "deal" for 10 cents on the dollar - or even pay to get rid of them.

Go in with your eyes open.

Dale
by Dale_G
Sun Aug 30, 2015 12:24 am
Forum: Investing - Help with Personal Investments
Topic: Is this 401(k) even worth it?
Replies: 16
Views: 972

Re: Is this 401(k) even worth it?

And if you are married, you can open a spousal IRA if you have spare money. The general advice above is correct. You should invest in an IRA (or IRAs) with a low cost firm such as Vanguard before investing a dime in this IRA. After a while the big wigs at at the company (who also want tax deferred i...
by Dale_G
Sat Aug 29, 2015 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Timber Anyone?
Replies: 11
Views: 1332

Re: Timber Anyone?

PCL is the only individual stock that I own, but it is a small part of the portfolio. The dividend of about 4.4% is treated as a capital gain, and since I have more tax loss carry-forward than I can ever expect to use, the dividends are effectively tax free for me. I don't mind gradually adding to t...
by Dale_G
Sat Aug 29, 2015 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Poor quality investment choices at work
Replies: 17
Views: 902

Re: Poor quality investment choices at work

You have some excellent options - far better than available in many 401ks. The difference between a .06% er and a .15% er won't matter compared to the diversification you can obtain.

Dale
by Dale_G
Sat Aug 29, 2015 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Logic Check - Purpose of bonds in MY portfolio
Replies: 9
Views: 688

Re: Logic Check - Purpose of bonds in MY portfolio

Apparently you are adding serious money to the taxable account as well as making maximum contributions to your 401ks. You are living well below your means and have a long investing horizon. There is some historical evidence (I can't point to it at the moment) that the difference in returns of an 80/...
by Dale_G
Fri Aug 28, 2015 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed portion of 401K
Replies: 6
Views: 316

Re: Fixed portion of 401K

It doesn't matter what the expense ratio of the stable value fund is. If your net return is 2.17%, that says it all. You should understand what withdrawal restrictions apply and be comfortable with the quality of the issuer or holdings. If I had a SV available that passed my tests, I would be inclin...
by Dale_G
Fri Aug 28, 2015 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Poor quality investment choices at work
Replies: 17
Views: 902

Re: Poor quality investment choices at work

What are your options and expense ratios in the 401k? Do you have anything with an er of less than 1%? Do you have a "stable Value" fund available? A decent SV fund can take the place of a bond fund.

Dale
by Dale_G
Thu Aug 27, 2015 10:05 pm
Forum: Investing - Theory, News & General
Topic: Portfolio Readjustments/Concerns
Replies: 9
Views: 909

Re: Portfolio Readjustments/Concerns

"Not a good idea Mom". What more is there to say?

Dale
by Dale_G
Thu Aug 27, 2015 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Funds not showing up in sweep account
Replies: 5
Views: 684

Re: Funds not showing up in sweep account

Thanks @livesoft. I just called VG. They said 3 business days is standard settlement time. This is not ideal for TLH situations, but I hope it shows up overnight. And after the Vanguard update on day 3, you may see the funds posted as a credit in the brokerage account rather than the dollars posted...
by Dale_G
Thu Aug 27, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: international bond fund
Replies: 4
Views: 729

Re: international bond fund

Vanguard's data crunching shows a very slight diversification benefit when adding international bonds. I don't see a big rush among Bogleheads to pile in. I do own emerging market bonds, but am not interested in the developed market bond fund. It is probably an okay move, at the slight cost of addit...
by Dale_G
Thu Aug 27, 2015 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: How not to TLH - mutual fund vs ETF shares
Replies: 28
Views: 2338

Re: How not to TLH - mutual fund vs ETF shares

I have a margin account (only permitted in taxable). So far I have not used any margin, but it does allow more leeway when making "buys" that for one reason or another don't settle in time. I suppose if I made one of those "fat finger" mistakes and bought 50,000 shares of somethi...
by Dale_G
Thu Aug 27, 2015 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: How not to TLH - mutual fund vs ETF shares
Replies: 28
Views: 2338

Re: How not to TLH - mutual fund vs ETF shares

madbrain wrote:Then the answer is no - I still have two separate accounts.


A mutual fund account and a brokerage account? The Prime MM account in your mutual fund account is the sweep account for the brokerage - right?
by Dale_G
Thu Aug 27, 2015 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: How not to TLH - mutual fund vs ETF shares
Replies: 28
Views: 2338

Re: How not to TLH - mutual fund vs ETF shares

I guess I should have converted my VEMAX MF shares to VWO ETF shares, and done the sell of VWO and buy of IEMG the same trading day ... You didn't need to convert to VWO first. VEMAX will settle in one day - proceeds go to your MM account. IEMG will settle in 3 days - the money in the MM account wi...
by Dale_G
Thu Aug 27, 2015 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard limiting options for "Select a fund for your dividends"
Replies: 7
Views: 1245

Re: Vanguard limiting options for "Select a fund for your dividends"

You can only direct dividends to a fund you own. You will need to open a TSM account (minimum $3,000) in order to direct dividends there.

Dale
by Dale_G
Wed Aug 26, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help me restructure my inherited IRA
Replies: 9
Views: 569

Re: Help me restructure my inherited IRA

It sounds like these are "brokered CDs". Generally they can be transferred from one brokerage account to another. Is MS charging you an advisor or other account fees? My guess is yes, because it is one of the worst IRA portfolios I have ever seen on the Boglehead forum. Move the account to...
by Dale_G
Wed Aug 26, 2015 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Not pleased with promotion. What to do?
Replies: 15
Views: 3243

Re: Not pleased with promotion. What to do?

The hardest part of this is telling people who previously relied upon me that I'm no longer going to help them, and that they need to do the work themselves. Indeed, this is the hardest part of moving up. I'm also a bit of a perfectionist and have a tendency to answer questions I should send to oth...
by Dale_G
Tue Aug 25, 2015 8:55 pm
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting always worth all the fuss?
Replies: 68
Views: 8484

Re: Is tax loss harvesting always worth all the fuss?

^ Don't get me wrong: I am an avid TLH'er. My carryover losses from 2008-2009 will probably take me into my 70s (and I'm in my late 50s). But in a vacuum, you need to understand that you've re-set the cost basis LOWER by TLH'ing. I personally think that you can maneuver around this quite a bit and ...
by Dale_G
Sun Aug 23, 2015 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Should I TLH all my VTIAX ($900k) to reap $103k loss or wait?
Replies: 13
Views: 1563

Re: Should I TLH all my VTIAX ($900k) to reap $103k loss or wait?

The follow up question. Yes, if you have owned the shares for less than 61 days you will lose the qualified status for the dividends. The dividend on these shares was roughly about $1,000, so you will pay taxes at your ordinary tax rate rather than at the 15% qualified rate. I wouldn't worry about t...
by Dale_G
Sun Aug 23, 2015 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Should I TLH all my VTIAX ($900k) to reap $103k loss or wait?
Replies: 13
Views: 1563

Re: Should I TLH all my VTIAX ($900k) to reap $103k loss or wait?

Yes, you can do the exchange without running into wash sales rules because you will be selling all shares including the most recent investment. The Asian markets are really looking cranky, so you can probably expect an even larger loss on Monday. :D I too will be tax loss selling VTIAX/VXUS on Monda...
by Dale_G
Sun Aug 23, 2015 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with understanding if TLH is possible
Replies: 11
Views: 507

Re: Need help with understanding if TLH is possible

... snip ...The Roth IRA I have (that has the FUSVX) is from an in-service distribution from the after-tax account in my 401K. Should I stop purchasing the FUSVX also for the next 30 days (i.e., are VTSAX and FUSVX considered substantially identical shares?) The S&P500 fund is not "substan...
by Dale_G
Fri Aug 21, 2015 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: VWEAX EFT
Replies: 5
Views: 346

Re: VWEAX EFT

Not available.
by Dale_G
Fri Aug 21, 2015 1:07 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell a fund that just went red?
Replies: 9
Views: 1098

Re: Should I sell a fund that just went red?

Selling a fund and sitting tight for a while is market timing. Yes, you have harvested the tax loss, but you have also altered your asset allocation. By selling a fund at a loss and immediately purchasing a "similar but not substantially identical" fund, you harvest the tax loss and reason...
by Dale_G
Thu Aug 20, 2015 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing: Investing with friend
Replies: 56
Views: 2526

Re: New to investing: Investing with friend

The words "scam" and "crook" have been used several times, but the investment you friend is offering you is probably not a scam, and I would be pretty sure that your friend is not a crook. High fees are both legal and normal in certain segments of the investing world. Your friend...
by Dale_G
Wed Aug 19, 2015 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Simple investment suggestion for inheritance
Replies: 15
Views: 1310

Re: Simple investment suggestion for inheritance

Actually the inherited holding may already have been sold. The original post said,"He wants to open a new account at Franklin and invest $180k in that fund". If so, that would mean a new 3-1/2% load for a purchase greater than 100K.

Dale
by Dale_G
Wed Aug 19, 2015 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Simple investment suggestion for inheritance
Replies: 15
Views: 1310

Re: Simple investment suggestion for inheritance

The Franklin California Muni doesn't make any sense for your brother - especially if he has to pay a 4.25% load - about $8,000 down the drain on the initial investment. Consider Vanguard's Target Retirement Income fund (30% equities so there is some room for growth, but also subject to some volatili...
by Dale_G
Tue Aug 18, 2015 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Need Help with Asset Allocation and 3 Fund Transition
Replies: 2
Views: 388

Re: Portfolio Review - Need Help with Asset Allocation and 3 Fund Transition

Recognizing the problem is half of the battle. Things I know I need to do: ⋅ Sell single equities in retirement accounts and diversify. ⋅ Move out of Prime Money Market in retirement accts. ⋅ Maybe get out of Target Retirement for a three fund admiral portfolio with low...
by Dale_G
Mon Aug 17, 2015 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawals from accounts
Replies: 3
Views: 403

Re: Withdrawals from accounts

I would take the money from the account with the highest expense ratios and poorest fund options. You can make any required allocation changes in the accounts with lower expense ratios. There is no need to take the money from all of the accounts. Keep things simple.

Dale
by Dale_G
Mon Aug 17, 2015 2:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2060 fund 8% cash?
Replies: 9
Views: 1391

Re: Vanguard 2060 fund 8% cash?

8.3% short term reserves doesn't make any sense. Short term reserves can be anything with a maturity of 1 year or less, but the two bond funds each only show a few % with maturities of less than one year. I wouldn't worry about it - it is some kind of bad info. The bond funds amount to 10% - that is...
by Dale_G
Mon Aug 17, 2015 12:22 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard brokerage settlement speed?
Replies: 7
Views: 645

Re: Vanguard brokerage settlement speed?

Just to clarify with regard to stocks and ETFs: You can sell VWO at 10:02 am and buy IEMG or any other suitable replacement at 10:03 am if you are quick enough on the keyboard. Actually it doesn't matter if you buy IEMG at 9:31 am and sell VWO later in the day. Both trades will settle on the third b...
by Dale_G
Sun Aug 16, 2015 1:03 am
Forum: Investing - Theory, News & General
Topic: the 12 commandments of gold bugs
Replies: 62
Views: 4388

Re: the 12 commandments of gold bugs

By changing a few words here and there, I could write a similar article about "small value bugs", "TIPS timing bugs" or "factor bugs". Some people invest in real estate, beanie dolls, classic cars, baseball cards, modern art or fine watches. Only time will tell if inves...
by Dale_G
Fri Aug 14, 2015 6:09 pm
Forum: Investing - Theory, News & General
Topic: "Weighing the concerns about bond market liquidity."
Replies: 22
Views: 1621

Re: "Weighing the concerns about bond market liquidity."

I won't be bothered. I, and most other retirees, won't have a need to sell all of our bonds all at one time. If there is a liquidity crunch, the price of bonds will go down, but the dividends will remain the same. I will take comfort in the fact that my reinvested dividends will buy cheaper shares w...
by Dale_G
Thu Aug 13, 2015 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policies
Replies: 30
Views: 2958

Re: Umbrella Policies

I figure a 1 million dollar policy is enough to get the insurance company's attention and save me the hassle of dealing with an attorney. I don't think there is anything magic about buying a policy equal to your net worth. Someone can always sue you for double the value of your insurance. I grant yo...
by Dale_G
Thu Aug 13, 2015 2:46 pm
Forum: Investing - Theory, News & General
Topic: Why are Vanguard's bond funds Actively managed?
Replies: 9
Views: 1717

Re: Why are Vanguard's bond funds Actively managed?

Vanguard vetts (sp?) all of the bonds they hold in the managed bond funds. I would rather have Vanguard do the vetting rather than relying on an index provider. The bond market is very efficient, but with bonds I don't mind having more eyes on the ball.

Dale
by Dale_G
Thu Aug 13, 2015 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation : individual accounts or across entire financial life?
Replies: 12
Views: 638

Re: Asset allocation : individual accounts or across entire financial life?

I think it is okay to keep a 529 at some fixed allocation, and perhaps reduce equities at the time for distribution draws near. But the 401k, IRA and annuities all serve the same purpose. From the theoretical standpoint it doesn't matter which account holds a particular asset class. It may matter fr...
by Dale_G
Mon Aug 10, 2015 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Moving JTWROS to Separate for married Texas Residents
Replies: 11
Views: 898

Re: Moving JTWROS to single

All that counts is that you are married, the tax status doesn't matter.
by Dale_G
Mon Aug 10, 2015 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Moving JTWROS to Separate for married Texas Residents
Replies: 11
Views: 898

Re: Moving JTWROS to single

If the account is in taxable or an IRA at Vanguard, you wife can make you a agent - there are several levels: from look only, to transact, to do anything the account holder can do - you want the transact level. She can cancel your agent status at any time. This can be done on line. I personally thin...
by Dale_G
Sat Aug 08, 2015 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: tax harvesting small cap in taxable
Replies: 4
Views: 258

Re: tax harvesting small cap in taxable

It is not clear when you say "small cap" which fund you are referring to. But if these are Vanguard funds they may be similar, but are unlikely to to "substantially identical" which is the IRS language. The IRS has apparently yet to define what constitutes "substantially ide...
by Dale_G
Sat Aug 08, 2015 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Did a dumb thing [lump summed into market after sitting on cash for years]
Replies: 111
Views: 13022

Re: Did a dumb thing

I am hearing from a financial advisor we should put it into some of their funds instead - move it out of the funds I just put it in. They have some interesting thing where they guarantee losses up to a point but keep gains above a certain amount. No fees, oddly enough. It is illegal for a broker, a...
by Dale_G
Sat Aug 08, 2015 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 14
Views: 2274

Re: Vanguard Personal Advisor Services

I agree that VPAS is a good solution if you really don't want to manage things yourself. I can promise if you do go with VPAS that you will you will end up with a portfolio consisting of Total Stock Market, Total International Stock Market, Total Bond Market, Total International Bonds Market and per...
by Dale_G
Fri Aug 07, 2015 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Investment and Company Match Concerns
Replies: 9
Views: 559

Re: Retirement Investment and Company Match Concerns

Your #1 job is to pay off the 18% debt. After that I would cut the 401k contributions to the point that you get the match - and go to work on the 5% debt. Paying the debt amounts of a guaranteed return = to the interest rate you are paying. Once you are free of debt (and don't accumulate anymore, th...
by Dale_G
Fri Aug 07, 2015 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: How should I invest $1M + 300K/year in additional savings?
Replies: 4
Views: 1172

Re: How should I invest $1M + 300K/year in additional savings?

There seems to be nothing out of the ordinary here, except for the very nice anticipated future income. Pick an asset allocation anywhere from 50% to 80% equities, write an IPS (Investment Policy Statement) that you can stick with, and put your money to work. I think the future contributions mean th...
by Dale_G
Thu Aug 06, 2015 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Capital gains distributions Vanguard Mutual funds, ETFs and SPDRS
Replies: 6
Views: 442

Re: Capital gains distributions Vanguard Mutual funds, ETFs and SPDRS

"I was under the impression, therefore, that owning admiral share classes of Vanguard mutual funds resulted in identical returns as their corresponding ETFs (same ER and I assumed the same capital gains distributions as a percentage of NAV). Is this still true?" Yes, most Vanguard ETFs ar...
by Dale_G
Thu Aug 06, 2015 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6205

Re: Chase asking for liquid net worth, total net worth...

I work in a bank. They are asking about where your money comes from to determine if you are someone who might be laundering money... snip ... Yes, they are required to ask questions like this. When you are opening an account based on an inherited IRA? Even an idiot should be able to figure out wher...
by Dale_G
Wed Aug 05, 2015 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6205

Re: Chase asking for liquid net worth, total net worth...

It sounds like FINRA rule 2090. "Included in the information that must be collected and maintained in order to comply with the new rules are a customer’s risk tolerance, liquid net worth, account liquidity needs and investments held elsewhere. Your representative will explain to you the exact i...
by Dale_G
Wed Aug 05, 2015 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Anyone using Vanguard's RMD service?
Replies: 12
Views: 1030

Re: Anyone using Vanguard's RMD service?

And you also control how much you want taken out for federal taxes. I believe it is determined as a percentage of the amount being withdrawn from a particular fund or each fund if multiple funds. There may be a minimum of 10%. I take my RMD once a year late in the year (November) and by then have a...
by Dale_G
Mon Aug 03, 2015 1:03 am
Forum: Investing - Theory, News & General
Topic: [How often do you check on your investments?]
Replies: 43
Views: 2157

Re: [How often do you check on your investments?]

Every day, assuming I am anywhere near a computer. It is a hobby activity. Up, down, sideways, really good day, really bad day, it makes no difference. It is only about numbers. I count a days activity in terms of Toyota's, Mercedes or Ferrari's. I don't have any emotional response to the way number...
by Dale_G
Mon Aug 03, 2015 12:29 am
Forum: Investing - Theory, News & General
Topic: Mark Hulbert: Stock market 3.5%/yr over next decade
Replies: 28
Views: 2799

Re: Mark Hulbert: Stock market 3.5%/yr over next decade

I would be delighted to receive a 3.5% real return over the next decade. If I get a real return of zero, just matching inflation, I will be satisfied. I'll be less than happy with a negative real return over the next decade, but who is to say that the market cares about my level of happiness.

Dale

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