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Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

There's nothing magical about mid cap funds. In the long run, we should expect them to behave like an appropriate mix of large cap and small cap stocks. Although that is an intuitive conclusion based on fund names, it is not born out by the data--at least not if you look at Morningstar growth chart...
by Kevin M
Wed Apr 23, 2014 4:22 pm
 
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 41
Views: 3063

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

one of the reason for the midcaps resilience during 2000 is their sector overload on Industrials & consumer cyclical. As against 16% in TSM, they are 21% at one point 23% during 2000. When the internet bubble burst people ran away from tech and this helped Midcaps to gain the lead. I don't know...
by Kevin M
Mon Apr 21, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 41
Views: 3063

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

My comments were (and are) aimed primarily at the slice-and-dice crowd, and had nothing to do with REITS or LT Bonds. In fact, my 2000 exchange on M* with my good friend, Larry Swedroe (a proponent of S&D), was that mid-caps alone might be a better choice for investors than any combination of l...
by Kevin M
Mon Apr 21, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 41
Views: 3063

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

The article talks about the last 20 years, not the 15 years before 1999. I looked at the last 16 years because what one can do with the Vanguard funds. One of the main points of my post is that it's important to look at how relatively short spurts of outperformance can result in outperformance over ...
by Kevin M
Mon Apr 21, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 41
Views: 3063

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

As I recall, there was a point a few years ago where long-term bonds had outperformed stocks over the previous 30 years. I don't think most people here believed that meant that long-term bonds would outperform over the following 30 years, or that that was a reason to prefer bonds to stocks. As I've ...
by Kevin M
Sun Apr 20, 2014 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 41
Views: 3063

Re: Caught in the IRS fraud mess

My Fed return efile was rejected a couple of years ago for same reason. I just filed by mail, and didn't do anything else as I recall. I owed money, so no issue with delayed refund. No problems since.

Kevin
by Kevin M
Sun Apr 20, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Caught in the IRS fraud mess
Replies: 11
Views: 1602

Re: KeePass vs LastPass

I now understand that keepass generates its own random passwords. However, does keepass know what the particular site requires in its passwords? For example, a site may limit passwords to 8 characters, or may require smallcase, caps, and numbers, but no other characters and no spaces. Does keepass ...
by Kevin M
Sat Apr 19, 2014 5:36 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6029

Re: heartbleed - widespread internet security problem

Suppose you have only mutual fund IRAs and taxable accounts. Suppose your login credentials were stolen including your security answers (which they would probably need). Could a hacker go in and quickly set up a stock trading account and use hack, pump, and dump? I think at most brokerages, you don...
by Kevin M
Thu Apr 17, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16582

Re: making your own will or trust

The real question that needs to be asked is not whether anyone has had experience in writing your own will, but whether anyone has had experience being the executor or heir of someone who wrote their own will . One can say whether one has written their own will, but not how well it worked in the en...
by Kevin M
Thu Apr 17, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: making your own will or trust
Replies: 29
Views: 1702

Re: Barclays CD 60-month at 2.25% APY

Kevin: I see that GE Capital Bank (high yield) and CIT Savings are currently offering 0.95% for savings accounts. Do you know of any issues with them? I'd rely on the reviews at DepositAccounts.com. My partner has an account at GE Capital Bank, and I don't recall her mentioning any issues; easy to ...
by Kevin M
Thu Apr 17, 2014 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 1419

Re: Fidelity Full View

I used it in the past. Also have used Personal Capital, Mint, and the Vanguard tool. In addition to the additional password exposure, there's also the hassle of updating the passwords in the aggregation tool. I'm in the process of updating my passwords and migrating to LastPass. I deleted my Persona...
by Kevin M
Thu Apr 17, 2014 3:33 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity Full View
Replies: 23
Views: 2674

Re: Barclays CD 60-month at 2.25% APY

Speaking of I Bonds, I just noticed that Ken at DepositAccounts.com has a nice blog post on comparing an I Bond purchased in April to a 1-year CD: April Series I Savings Bonds - Better Deal Than 1-Year CDs . The article provides a pretty good overview of I Bonds, as well as a framework to compare th...
by Kevin M
Thu Apr 17, 2014 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 1419

Re: Barclays CD 60-month at 2.25% APY

Barclays is easy to work with; I had a couple of CDs with them, and it was easy to do early withdrawals to take advantage of a better deal that came up at PenFed (3% 5-year). Their online savings account rate also usually is among the top rates--currently 0.90%. I looked on the Penfed website awhil...
by Kevin M
Thu Apr 17, 2014 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 1419

Re: Barclays CD 60-month at 2.25% APY

Also consider I Bonds, for which your return will be linked to inflation, state tax-free, and Federally tax-deferred. Annual purchase limit is $10K per individual, and you can buy an additional $10K for your living trust. According to another thread, the rate starting May 1 will be in the ballpark o...
by Kevin M
Thu Apr 17, 2014 2:23 pm
 
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 1419

Re: Barclays CD 60-month at 2.25% APY

I use http://www.depositaccounts.com to check CD rates (and bank account rates). Barclays is at the top of the pack with 2.25% for 5-year, and the EWP of 180 days of interest is reasonable. Barclays is easy to work with; I had a couple of CDs with them, and it was easy to do early withdrawals to tak...
by Kevin M
Thu Apr 17, 2014 2:16 pm
 
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 1419

Re: 2013 TurboTax: Which Product? New Rules?

As already stated many times in this thread, TT Deluxe Desktop supports Schedule D, which requires support for form 8949. I can tell you from personal experience that this is the case. I used the download version, not the CD, but they should be the same. I did not get an alert telling me I needed to...
by Kevin M
Wed Apr 16, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 28944

Re: KeePass vs LastPass

As mentioned in my first post in this thread, I was disappointed with LastPass (LP) at first, running into some of the same issues recent posters have complained about. However, after working with it for a few hours, loading and changing passwords for many sites, I've been able to adapt to its idios...
by Kevin M
Mon Apr 14, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6029

Re: less you need social security, earlier you should claim

It has crossed my mind that taxation of SS benefits could increase, which should be considered in the decision on when to take benefits. The other factor, that I don't see discussed much, is that RMDs start at about the same age that starting SS benefits generates the maximum pre-tax income. With la...
by Kevin M
Sun Apr 13, 2014 5:30 pm
 
Forum: Investing - Theory, News & General
Topic: less you need social security, earlier you should claim
Replies: 39
Views: 2801

Re: KeePass vs LastPass

Why are you using Chrome? I've tried that browser and have found it does not play well with many websites. Chrome is integral to Chromebook, and Chrome works fine with every website I've used. This was not the case in the past when Chrome was just getting going, but now it is a well established bro...
by Kevin M
Sat Apr 12, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6029

heartbleed and Mint

Wondering how using Mint.com increases vulnerability to heartbleed. Specifically, one recommendation has been to minimize logging into sites for awhile until administrators have had a chance to patch any vulnerabilities and issued new certificates, then to change your password on sites that were vul...
by Kevin M
Sat Apr 12, 2014 2:52 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 16582

Re: KeePass vs LastPass

Kevin, I'm relatively new to both Chromebook and LastPass and I have experienced some of the same issues. What I've done, and it seems to work for me, is to set up a two stage process for some of the "problem" sites. It may be XYZ 1 and XYZ 2 wherein the first entry only has the site url ...
by Kevin M
Fri Apr 11, 2014 2:39 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6029

Re: KeePass vs LastPass

K, you might make sure the URL for the first screen doesn't have a bunch of junk in it. Just something like: https://personal.vanguard.com/us/hnwnesc/PMLogin? We have a couple of logins so I don't have it set to auto-fill or auto-login. Yes, it shows https://personal.vanguard.com/us/PMLogin, userna...
by Kevin M
Fri Apr 11, 2014 2:37 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6029

Re: KeePass vs LastPass

What do you LastPass users do for two-screen logins, specifically Vanguard? -Kevin See: https://lastpass.com/support_screencasts.php?feature=saveall&fromwebsite=1 (Webcast near the bottom called "Save All Entered Data".) This method worked for me on VG site. Yes, as I said I tried to ...
by Kevin M
Fri Apr 11, 2014 2:23 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6029

Re: KeePass vs LastPass

Started experimenting with LastPass on Chromebook yesterday (browser plug-in only, no binary supported on CB). First two logins I tried to set up were Vanguard and Ally Bank, both requiring two screens. Followed the LastPass instructions for two-screen logins, but it did not work well or consistentl...
by Kevin M
Fri Apr 11, 2014 1:41 pm
 
Forum: Personal Consumer Issues
Topic: KeePass vs LastPass
Replies: 105
Views: 6029

Re: Always understand taxes do not trust software

^The desktop version also is available through Vanguard. That's where I got it.

Kevin
by Kevin M
Thu Apr 10, 2014 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Always understand taxes do not trust software
Replies: 33
Views: 2762

Re: VTI vs VTSMX

And the price for the mutual funds is updated about 7pm Eastern time. The price of an ETF changes based on market supply/demand when the market is open, then stabilizes once trading stops at 4pm Eastern time. Also, the market price of the ETF will likely be a bit different than the Net Asset Value (...
by Kevin M
Wed Apr 09, 2014 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: VTI vs VTSMX
Replies: 5
Views: 482

Re: When To Buy Index Funds

Most people here would recommend to first develop an investment policy, which will include your target asset allocation (AA), your rebalancing approach, etc. If you have 50% in cash and some in bond funds, then you have less than 50% currently allocated to stocks (including stock funds). I would not...
by Kevin M
Wed Apr 09, 2014 5:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: When To Buy Index Funds
Replies: 4
Views: 514

Re: Turbotax question

If you follow the link to form 8814 from the first link provided by lifesoft, you will see that you may be able to elect to report child's income on your return. However, normally I would not do this because it's likely that tax will be lower if a return is filed for the child, as you have discovere...
by Kevin M
Wed Apr 09, 2014 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax question
Replies: 3
Views: 285

Re: Always understand taxes do not trust software

sarahjane wrote:TT Deluxe this year wouldn't handle CGs. Necessary to upgrade to Premiere.

Only true for online version, not desktop version. Desktop version includes all forms it has included in the past (e.g., C, D, E). There's a long, long thread about this.

Kevin
by Kevin M
Wed Apr 09, 2014 4:56 pm
 
Forum: Personal Consumer Issues
Topic: Always understand taxes do not trust software
Replies: 33
Views: 2762

Re: Always understand taxes do not trust software

Guess is Turbo tax Deluxe even down load version did not have Schedule D with lower capital gains tax Not correct. TT Deluxe desktop has all the forms, and handles Schedule D fine if you enter data correctly. I did several 2013 returns with Schedule D using TT Deluxe Desktop. Although I enter the d...
by Kevin M
Wed Apr 09, 2014 3:26 pm
 
Forum: Personal Consumer Issues
Topic: Always understand taxes do not trust software
Replies: 33
Views: 2762

Re: Roth IRA - tax free - totally ?

Contrary to a few statements above, distributions from traditional IRAs are not necessarily taxed. Although they are included in gross income, it's possible that taxable income is $0, in which case tIRA distributions after age 59 1/2 would not be taxed. I have family members for whom this has been ...
by Kevin M
Tue Apr 08, 2014 6:34 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA - tax free - totally ?
Replies: 67
Views: 2763

Re: Roth IRA - tax free - totally ?

Correct, it's always federally taxable income, but if your tax-bracket is 0%, then bingo, you win. Sort of. (But perhaps no European cruise this year...) Funny you mention that. The family member I was talking about took a Europe river cruise last year. They actually did pay a small amount of Feder...
by Kevin M
Tue Apr 08, 2014 6:24 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA - tax free - totally ?
Replies: 67
Views: 2763

Re: California Taxes - Am I Missing Something?

I am considering a move to CA and housing seems to be the big ticket item to factor in for cost of living. Back to the OP ^, from my perspective you nailed it. Although the state income tax is relatively high, the cost of housing in many areas is the big issue. My daughter was just remarking the ot...
by Kevin M
Tue Apr 08, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8549

Re: Roth IRA - tax free - totally ?

Contrary to a few statements above, distributions from traditional IRAs are not necessarily taxed. Although they are included in gross income, it's possible that taxable income is $0, in which case tIRA distributions after age 59 1/2 would not be taxed. I have family members for whom this has been t...
by Kevin M
Tue Apr 08, 2014 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: Roth IRA - tax free - totally ?
Replies: 67
Views: 2763

Re: California Taxes - Am I Missing Something?

3. Property tax about 30% less for same market value home (WA uses an "assessed" value which is much less than market value, CA uses "market value"). CA also uses assessed value as the basis for property tax. Due to prop 13, the difference between assessed value and market value...
by Kevin M
Tue Apr 08, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8549

Re: Vanguard REIT Index (VGSIX): a Good Investment, Now?

Most of us don't think we know if REITs are a good investment "at this time". Most of us who own the VG REIT fund, including me, probably do so because we decided at some point that it seemed like a good portfolio diversifier. I have simply rebalanced my REIT holding back to its target val...
by Kevin M
Tue Apr 08, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard REIT Index (VGSIX): a Good Investment, Now?
Replies: 7
Views: 1156

Re: How is social security calculated?

I'm looking to dig a bit deeper this year -- looking for the formulas instead of just an estimator :sharebeer You can find everything you need on the social security site. You've already been given a number of links. There is a calculator that uses your actual earnings to calculate your benefit. If...
by Kevin M
Tue Apr 08, 2014 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How is social security calculated?
Replies: 21
Views: 1217

Re: Market falling emotions

The market has been falling pretty rough for the small sector the last few days. This actually makes me happy, because I thought it was overvalued. No emotion, but a couple of down days got me to look to see if it made sense to add to any funds (rebalancing if you will), and then I saw that most fu...
by Kevin M
Tue Apr 08, 2014 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: Market falling emotions
Replies: 31
Views: 2195

Re: California Taxes - Am I Missing Something?

island wrote:And unless something has changed in the past few years. HSA contributions are not deductible either.

Nothing has changed--both employee and employer HSA contributions are taxed by CA. A few years ago a bill was introduced to allow HSA deductions in CA, but it didn't go anywhere.

Kevin
by Kevin M
Mon Apr 07, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8549

Re: California Taxes - Am I Missing Something?

@island, unless your situation is complex, consider using the NOLO Press book on living trusts and doing it yourself. Even if you end up hiring an attorney, reading the book helps you think through your choices.

Kevin
by Kevin M
Mon Apr 07, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8549

Re: California Taxes - Am I Missing Something?

Yes, as with any progressive income tax, the effective rate will be lower than the marginal rate. As with Federal income tax, phaseouts of exemptions and deductions will result in higher marginal and effective tax rates. Here you can see the 2013 rates and phaseouts: 2013 California Tax Rates and Ex...
by Kevin M
Mon Apr 07, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8549

Re: California Taxes - Am I Missing Something?

island wrote:<snip> ... probate costs will have many rolling over in their graves

Easily avoided with a living trust.

Kevin
by Kevin M
Mon Apr 07, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8549

Re: Best option for high interest earning no fee checking?

Also recommend www.depositaccounts.com to see alternatives.

I'm earning 3% on up to $20K in a reward checking account that requires 15 POS transactions per month. Other than that, I use Ally savings and checking accounts, although you probably can find slightly higher rates elsewhere.

Kevin
by Kevin M
Sun Apr 06, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best option for high interest earning no fee checking?
Replies: 19
Views: 1639

Re: Why does Vanguard use average return iso compound annual

It is a bit confusing, but I think it is standard terminology--not specific to Vanguard. You can also do the math to verify that it's an annualized compound return. For the 500 Index fund, admiral shares, Vanguard says the 10-year growth of $10,000 is $20,434 and the 10 year "average return&quo...
by Kevin M
Tue Apr 01, 2014 8:06 pm
 
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use average return iso compound annual?
Replies: 99
Views: 4154

Re: Poll: how did you decide on stock/bond allocation?

Other: Ability, willingness and need to take risk ("sleep well" is only willingness). Lower need dominates higher ability, and based on experience in 2008/2009, willingness is in the same ballpark as need.

Kevin
by Kevin M
Sun Mar 30, 2014 11:14 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: how did you decide on stock/bond allocation?
Replies: 35
Views: 1863

Re: 2013 TurboTax: Which Product? New Rules?

So I spoke to the bond issuer today on the phone. Contra Kevin's statement above, the bond issuer claimed that they do not send 1099-Bs to the bondholder if the bond was both bought and redeemed at par. That is why I didn't get a 1099-B from them in past years. It sounds like what you're talking ab...
by Kevin M
Thu Mar 27, 2014 7:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 28944

Re: When does depreciating a rental property save on taxes?

That is so out of my league. That is why I have an accountant. All I know is that it was possible to amend my returns for the past 20 years when my prior accountant failed to file form 8606s for my IRAs. You can file 8606 for prior years without amending your return. Generally you can only amend a ...
by Kevin M
Mon Mar 24, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4291

Re: When does depreciating a rental property save on taxes?

According to IRS Pub 527, you do not treat property as a rental until it is available to rent. I think it would be hard to justify that residential real property was available to rent but not rented for several years, unless you had records showing that you had been advertising it for rent.

Kevin
by Kevin M
Mon Mar 24, 2014 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4291

Re: Tax Court strikes a blow to IRA Rollovers

Alan S. wrote:A disproportionate share of indirect IRA rollovers occur when IRA CDs mature.

Why? Don't most banks and credit unions have savings accounts or money market accounts available within the IRA (that maturing CD proceeds can be deposited into)?

Kevin
by Kevin M
Mon Mar 24, 2014 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Court strikes a blow to IRA Rollovers
Replies: 98
Views: 11477

Re: When does depreciating a rental property save on taxes?

"depreciation recapture"? I don't want to be a landlord at all. But the property, that was appraised at about $250K when I inherited it in 2005, would now likely not even bring $100K after expenses if I sold it, despite that I have put about $20K into it, and the cash flow is, for now, po...
by Kevin M
Sun Mar 23, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4291
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