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Re: Help to invest $120.000 [Norway]

arnelg wrote:I expect I will buy a new house/apartment after 5 years.


Money you will need in 5 years should not be in the stock market.
by JamesSFO
Tue Sep 02, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Help to invest $120.000 [Norway]
Replies: 11
Views: 756

Re: Why is The Suze Orman Show showing repeats?

sheople2 wrote:I've been watching every Saturday since 2002 and there has NEVER been a repeat before now.


There have been repeats before to my recollection. I would email CNBC or Suze Orman's website for more insights though.
by JamesSFO
Mon Sep 01, 2014 11:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is The Suze Orman Show showing repeats?
Replies: 10
Views: 666

Re: An inefficient market creating drag on index returns

Tanelorn wrote:Most of the effects OP is worrying about cannot be measured by tracking error - tracking error mostly captures implementation costs, not index performance.


This is a really important point.
by JamesSFO
Mon Sep 01, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: An inefficient market creating drag on index returns
Replies: 25
Views: 1223

Re: Royal Caribbean Cruises Shareholder Benifit

Only need 100 shares, they will only apply 1 credit per cabin AFAIK. Also RC will not let you "stack" benefits, so if you get $100 OBC from booking with a special you won't also be able to get the shareholder credit (NCL is like RCL in this regard; however, Princess/Carnival will let you s...
by JamesSFO
Sat Aug 30, 2014 2:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Royal Caribbean Cruises Shareholder Benifit
Replies: 18
Views: 2488

Re: Poor Janus, a look at this once high flying fund family

simplesimon wrote:Isn't saying the funds performed in the 97th or 94th percentile mean they did better than 96% and 94% of funds, respectively?


Normally yes, but from context it means they were in the bottom only 3% did better etc...
by JamesSFO
Fri Aug 29, 2014 8:58 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 59
Views: 5587

Re: New 2% cash back Mastercard from Citi

Just wondering why Citi structured the cash back like that - 1% when you buy + 1% when you pay off - instead of simply 2% like Fido AmEx. Is there a trick/catch somewhere? I would assume yes, in that they only have to give out the back half WHEN you pay it. If you carry a balance that might be a wh...
by JamesSFO
Thu Aug 28, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 78
Views: 7752

Re: Mortgages and financial freedom

As you know though, your mortgage paydown came from reducing your liquid savings. You haven't really made your situation better on a rational basis by paying off the mortgage even in the case of unemployment. Actually, I have because I was unwilling to invest those liquid savings while I had a mort...
by JamesSFO
Thu Aug 28, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6682

Re: Mortgages and financial freedom

California (SF Bay Area) resident here and I paid off my mortgage around age 40. I did it in stages, refi'ing into 15, then 10, then 5 and then finally paying off the last $150K. I probably fall into that situational bucket where much of this was about behavioral feelings about money than raw number...
by JamesSFO
Thu Aug 28, 2014 8:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6682

Re: Compute Mathematical Best/Fastest Way to Pay off Car Loa

General consensus is I have to pay off a $13,000 car loan (6.2% interest) before I can start investing. Who said this? I would personally make sure I was maxing out retirement accounts (401K, 403B, etc.) at work [or at least to match], a Roth IRA, before making extra payments on this loan. Also do ...
by JamesSFO
Thu Aug 28, 2014 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Compute Mathematical Best/Fastest Way to Pay off Car Loan?!
Replies: 16
Views: 1007

Re: VBS upgrade roll out has started

BTW I got my account upgraded (Flagship) but it took some pestering, minimal fuss in Quicken and all is well. Much easier to have one single account like at Fidelity and elsewhere for all of my holdings of one type.
by JamesSFO
Tue Aug 26, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: VBS upgrade roll out has started
Replies: 69
Views: 9307

Re: Vanguard merged Mutual fund + brokerage - anyone have ye

I managed to convince my Flagship representative to get me converted, the mutual funds are now out of my mutual fund area and will show up in another business day or so inside my brokerage account. It is still not fully rolled out to all customers.
by JamesSFO
Tue Aug 26, 2014 12:30 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard merged Mutual fund + brokerage - anyone have yet?
Replies: 27
Views: 2208

Re: Quicken 2015 for Mac released

I got Apple to return my money for the purchase. It's Quicken for Windows for me. I started the jump from Quicken 2002 (!) to MS Money Deluxe (sunset edition, i.e., free) and am pretty happy with it so far. The best thing about it so far is that it accepts both ofx and qfx downloads. I am fine with...
by JamesSFO
Tue Aug 26, 2014 12:19 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2015 for Mac released
Replies: 27
Views: 2594

Re: Quicken 2015 for Mac released

I got Apple to return my money for the purchase. It's Quicken for Windows for me.
by JamesSFO
Tue Aug 26, 2014 12:09 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2015 for Mac released
Replies: 27
Views: 2594

Re: S&P 500 Equal Weight Index

Just a thought, expense ratios do NOT include trading costs, so the difference between expense ratios is from something else.
by JamesSFO
Mon Aug 25, 2014 11:20 am
 
Forum: Investing - Theory, News & General
Topic: S&P 500 Equal Weight Index
Replies: 10
Views: 923

Re: Zegna Suits

... So although I respect the investment advice of the Bogleheads community greatly, I completely disagree with the lifestyle many bogleheads created for themselves, to me it is just weird for someone who has more than a 1M in net worth to say... well you shouldn't spend 5K on something because you...
by JamesSFO
Mon Aug 25, 2014 11:18 am
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8922

Re: Zegna Suits

the book is just a book, I doubt the author went door to door through the closets of the millionaires next door, the point was that if you saw millionaire next door he probably doesnt look extravagant, it does not mean that they don't have designer clothing for special occasions. Have you read it? ...
by JamesSFO
Sun Aug 24, 2014 6:52 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8922

Re: Zegna Suits

It seems to me that (1) the price need not have been mentioned if the OP had already decided he didn't care about the price component and really wasn't interested in feedback there and (2) it seems to me that while there is always the possibility of feedback here on the brand there are probably othe...
by JamesSFO
Sun Aug 24, 2014 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 8922

Re: Quicken 2015 for Mac released

I've tried all of the Mac alternatives and keep coming back to Quicken, reluctantly.

Maybe it is that I've been using Quicken since about 1990 but all of the alternatives (1) could not import my accounts correctly and (2) had troubles downloading transactions in a way that made sense to me.
by JamesSFO
Sat Aug 23, 2014 8:11 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2015 for Mac released
Replies: 27
Views: 2594

Re: Tapatalk Integration

Tapatalk is a non-starter. Supporting it would directly violate major portions of our privacy policies. We do not collect your information for sale, marketing or promotional purposes. Tapatalk does. I have also been reviewing the mobile styles. My main problem with them is that the best supported o...
by JamesSFO
Fri Aug 22, 2014 8:25 am
 
Forum: Forum Issues and Administration
Topic: Tapatalk Integration
Replies: 50
Views: 13577

Re: Quicken 2015 for Mac released

2) Investment accounts are a wet hot mess, feels like the junky Mint interface, no real ability to easily record transactions etc. I see on Quicken's website that "explicit lot assignments" are not yet supported. Does this mean that Quicken Mac 2015 doesn't support specific share ID? So m...
by JamesSFO
Fri Aug 22, 2014 8:13 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2015 for Mac released
Replies: 27
Views: 2594

Re: Quicken 2015 for Mac released

So I just wasted ~90 minutes and $75 on Quicken 2015. 0) I feel duped into paying $75 for a Mac app version of Mint that can import my quicken file. 1) Loses your account passwords so I had to manually re-set the passwords 1-by-1 because the encoding of financial institutions isn't the same 2) Inves...
by JamesSFO
Fri Aug 22, 2014 2:53 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2015 for Mac released
Replies: 27
Views: 2594

Re: Quicken 2015 for Mac released

Sigh, I was hopeful when I saw this today that I could ditch using a VM on my mac... sigh...
by JamesSFO
Fri Aug 22, 2014 1:27 am
 
Forum: Personal Consumer Issues
Topic: Quicken 2015 for Mac released
Replies: 27
Views: 2594

Re: Quickest Way to Deposit a Large Sum with Vanguard

They now are doing checks for $50K (emailed today about this, at least for Flagship) via phone picture deposit.
by JamesSFO
Wed Aug 20, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quickest Way to Deposit a Large Sum with Vanguard
Replies: 22
Views: 2495

Re: Dow Jones Index Fund?

Speaking of price vs. cap - weighted funds....is there an index (global or US) that has equal weighting for all companies? Does this make sense? i.e. 10k of stock1, 10k of stock2...10k of stockN. At first glance it seems this like a way to attain true market results. Except the market benchmarks ar...
by JamesSFO
Wed Aug 20, 2014 1:56 pm
 
Forum: Investing - Theory, News & General
Topic: Dow Jones Index Fund?
Replies: 41
Views: 2169

Re: What assets are protected from state court proceedings?

Browser wrote:is it imperative to consult an attorney?


YES!

(I am a lawyer, but I'm not your lawyer and I know this is one where you should talk to an attorney.)
by JamesSFO
Wed Aug 20, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: What assets are protected from state court proceedings?
Replies: 20
Views: 1619

Re: Thoughts on USAA?

EDIT2: Looks like as of just about 5 days ago investment handling at USAA is now done by Fidelity so you have free access to Spartan funds and the like. Makes their investments support much better and Boglehead like than before (USAA family funds fees are too high). Yep, at least their brokerage ac...
by JamesSFO
Wed Aug 20, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on USAA?
Replies: 24
Views: 1967

Re: I don't have enough cash for index funds

For the short term at least...I bought the iShares total bond ETF (AGG). I could afford 2 shares, haha. are you considering the transaction costs of buying ETF's 2 shares at a time? why not just a fund-of-funds until you get the balance up? Hopefully he bought it at Fidelity where many of the iShar...
by JamesSFO
Wed Aug 20, 2014 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't have enough cash for index funds
Replies: 42
Views: 3764

Re: Are these [401k] options terrible?

I can speak to "The Online 401K" which is pretty similar. We have order of magnitude $900K in our 401K and only 4 employees. We (ER) pay a fixed fee of about ~$2K/year for the custom 401K service and an AUM fee of 0.04%. Additionally we pay the quarterly fees for employees. I think ALL in ...
by JamesSFO
Wed Aug 20, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are these [401k] options terrible?
Replies: 28
Views: 2067

Re: Bad(?) advice given about Target Date Retirement funds

Here's a column I did for M* back in 2009 on this very topic called "Fixing Target Date Funds". http://news.morningstar.com/articlenet/article.aspx?postId=2686718 Thanks for sharing that article, Mel. I don't remember having read it when it came out. I like your suggestions. Yes, that wou...
by JamesSFO
Tue Aug 19, 2014 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6376

Re: Savings Percentage [rules of thumb]

My wife and I are subscribers to the bogleheads / LBYM philosophy, but as a metrics guy I'm interested to get a better understanding of the rule of thumb that I hear regarding what percentage of earnings we should be saving. When people say aim for 20% or 30% of earnings, is that pre-tax or post-ta...
by JamesSFO
Mon Aug 18, 2014 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage [rules of thumb]
Replies: 49
Views: 5366

Re: Dow Jones Index Fund?

There are intelligent arguments for many alternatives to cap weighting (equal weighting, revenue weighting, etc.). I cannot think of a single rational argument for price weighting. Even S&P Dow Jones states of their own index, "This application of grade-school arithmetic, while creative, i...
by JamesSFO
Mon Aug 18, 2014 9:39 pm
 
Forum: Investing - Theory, News & General
Topic: Dow Jones Index Fund?
Replies: 41
Views: 2169

Re: Thoughts on USAA?

See also this current Reddit thread re USAA - http://www.reddit.com/r/personalfinance ... s_on_usaa/
by JamesSFO
Mon Aug 18, 2014 8:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on USAA?
Replies: 24
Views: 1967

Re: Dow Jones Index Fund?

OK, I did not know that was true about the DJIA, I thought it was cap weighed like other cap weighed indexes We were talking past each other. Sorry.............Gordon No problem -- the quirks of the Dow mystify lots of us. Even saying it is an average of the stock prices obscures a lot of complexit...
by JamesSFO
Mon Aug 18, 2014 5:15 pm
 
Forum: Investing - Theory, News & General
Topic: Dow Jones Index Fund?
Replies: 41
Views: 2169

Re: Dow Jones Index Fund?

Aptenodytes wrote:
gwrvmd wrote:James SFO
Tracking by market price is cap weighted
Market price X number of shares = capitalization...................Gordon

No -- # of shares is essentially a random number. So price and capitalization will have no correlation with each other.


EDIT: actually gwrvmd misquoted me....
by JamesSFO
Mon Aug 18, 2014 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: Dow Jones Index Fund?
Replies: 41
Views: 2169

Re: Dow Jones Index Fund?

There is no Vanguard DJIA index fund, there is an ETF - https://www.spdrs.com/product/fund.seam?ticker=DIA

The DJIA is a weird index to try to track because it is market price, instead of cap, weighted.
by JamesSFO
Mon Aug 18, 2014 12:49 pm
 
Forum: Investing - Theory, News & General
Topic: Dow Jones Index Fund?
Replies: 41
Views: 2169

Re: Help-Do I need a chip/pin card in europe?

I sent an inquiry to PenFed about how to force the card to go Chip/Pin vs Chip/Signature. I included much of 64415's reply in the note to them. Their response follows: Thank you for contacting Pentagon Federal Credit Union. Our Credit Card department has advised that per Visa recommendation, PenFed...
by JamesSFO
Sat Aug 16, 2014 9:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Help-Do I need a chip/pin card in europe?
Replies: 17
Views: 1179

Re: Are these [401k] options terrible?

Just tread carefully, while you may be right, you may also walk yourself out of a job.
by JamesSFO
Sat Aug 16, 2014 1:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Are these [401k] options terrible?
Replies: 28
Views: 2067

Re: Why would a passive investor use ETFs?

The ETF has to pay out capital gains on a regular basis. By having its money pooled with the MF, when the MF does cash redemptions to incur tax losses, those tax losses can be used to reduce capital gain distributions from both the MF and the ETF. Both benefit. Look at ITOT (The iShares Total US st...
by JamesSFO
Fri Aug 15, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: Why would a passive investor use ETFs?

I think we're referring to the exact same thing, but describing it in different ways. I completely agree with you. Maybe.... [EDIT to add, via PM it seems like Toto and I are in overall agreement, but there may just be some wording issues about getting it across] The mutual fund investors sell doin...
by JamesSFO
Fri Aug 15, 2014 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: Why would a passive investor use ETFs?

Emphasis changed on my original quote. The process you described "removes positions with large unrealized gains". The process I'm describing "maximizes the realization of losses in the traditional share classes". I'm still not particularly convinced you understand ETFs.... anyho...
by JamesSFO
Fri Aug 15, 2014 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: Why would a passive investor use ETFs?

Let me explain myself better, Vanguard ETFs have the ability to offset fund gains by harvesting losses from selling high-cost-basis shares when mutual fund investors ask for redemptions . The realized losses can offset capital gains. I understand that only Vanguard ETFs can do that because of their...
by JamesSFO
Fri Aug 15, 2014 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: Why would a passive investor use ETFs?

Let me explain myself better, Vanguard ETFs have the ability to offset fund gains by harvesting losses from selling high-cost-basis shares when mutual fund investors ask for redemptions . The realized losses can offset capital gains. I understand that only Vanguard ETFs can do that because of their...
by JamesSFO
Fri Aug 15, 2014 11:37 am
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: Strategic Default

Moral issues aside, at what point would one consider a strategic default on a property? Situation: My brother purchased a condo at the top of the bubble, later got married, got out of the military, and moved out of state. The condo is STILL 25-30k under water 8 years later. He currently has a rente...
by JamesSFO
Fri Aug 15, 2014 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3074

Re: Why would a passive investor use ETFs?

So basically my understanding is that when the mutual fund investor sells their position, the fund gives them the shares with the lowest cost basis, allowing the fund to eliminate the capital gains it would've built up. Something that other investment companies can't do. No. That is not how it work...
by JamesSFO
Fri Aug 15, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Why would a passive investor use ETFs?
Replies: 60
Views: 3720

Re: I don't have enough cash for index funds

FYI: Vanguard ETFs are only available in taxable not in a Roth IRA. https://personalp.vanguard.com/us/secfunds/etf Buy and sell Vanguard ETFs commission-free* in a Vanguard Brokerage Account, giving you even more value for your investment. Actually I'm pretty sure at Fidelity the OP could buy VG ET...
by JamesSFO
Thu Aug 14, 2014 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't have enough cash for index funds
Replies: 42
Views: 3764

Re: Re-title Vanguard Brokerage account

About 8 years ago when I did my living trust, Vanguard required a new set of accounts.

I had mixed luck with institutions as to which way they wanted to go. Treasury Direct will create new accounts for example. I recall USAA did not.

Etc.
by JamesSFO
Wed Aug 13, 2014 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Re-title Vanguard Brokerage account
Replies: 3
Views: 381

Re: VG Mutual Funds at VBS - Requirements?

I believe this is for the new integrated account style: viewtopic.php?f=2&t=125999
by JamesSFO
Wed Aug 13, 2014 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: VG Mutual Funds at VBS - Requirements?
Replies: 5
Views: 401

Re: Amazon Gift Card Fraud

0) Not doubting you here just reacting. 1) Something doesn't quite add up for me because every time I've ordered gift cards ONLINE at Amazon I've had to re-enter parts of my credit card information. So the thief may have had your card info, but still... 2) The fact that this occurred over 3 months m...
by JamesSFO
Wed Aug 13, 2014 10:43 am
 
Forum: Personal Consumer Issues
Topic: Amazon Gift Card Fraud
Replies: 30
Views: 2639

Re: Writing Off A Bad Loan

Why would there be a deduction in taxes for an asset held in an IRA? I was not clear. This "investment" was outside IRA. I want to use the tax deduction to decrease my taxable income therefore be able to convert a larger amount of IRA to Roth and still stay in 15% tax bracket. http://www....
by JamesSFO
Tue Aug 12, 2014 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Writing Off A Bad Loan
Replies: 7
Views: 496

Re: Writing Off A Bad Loan

Why would there be a deduction in taxes for an asset held in an IRA?
by JamesSFO
Tue Aug 12, 2014 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Writing Off A Bad Loan
Replies: 7
Views: 496
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