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Re: What tax software do you use and why

... I am curious. If you don't mind saying, what was the rule the software didn't implement correctly? ... I'm pretty sure it was TaxAct, several years ago (within the last seven, because I remember where I was living while I worked it out). I've looked back through my notes and I didn't keep a rec...
by Phineas J. Whoopee
Sun Oct 19, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 44
Views: 1871

Re: "The best response to market volatility"

What a wildly volatile week! Well, not so much week, as several wildly volatile days in close proximity. To wit, my total retirement portfolio value as of close of trade two days ago (Friday 17th) compared to one week earlier, was down 0.001%. That's the fewest figures I can use to prevent its round...
by Phineas J. Whoopee
Sun Oct 19, 2014 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: "The best response to market volatility"
Replies: 27
Views: 3310

Re: What tax software do you use and why

I do mine by hand, supplemented by a(n RPN) calculator. I submit electronically when it's free. I do choose an online tool to find out whether we agree. The last time we didn't come up with the same number the tool was wrong, not me - I tracked down the specific rule the software implemented incorre...
by Phineas J. Whoopee
Sun Oct 19, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: What tax software do you use and why
Replies: 44
Views: 1871

Re: Need Suggestions for Vanguard Fund Investments

... But do you know of better deals elsewhere? I know credit unions offer better CD rates than commercial banks. (Btw, the CD from Vanguard is sold by a bank through Vanguard, but not sold directly from Vanguard). Anyway, I'd appreciate it if you could let me know of better rates elsewhere. Thanks!...
by Phineas J. Whoopee
Thu Oct 16, 2014 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Suggestions for Vanguard Fund Investments
Replies: 19
Views: 1622

Re: Got my first cold call - does this mean I've 'made it?'

There might be a mole inside your company that sold a phone list to the adviser. ... +1 I have a colleague who received a cold call from our friendly local pickpocket organization at his desk number two days after we hired him. I was in the next cube and heard it all. As it happens, the colleague i...
by Phineas J. Whoopee
Thu Oct 16, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got my first cold call - does this mean I've 'made it?'
Replies: 25
Views: 4505

Re: Your personal risk level: Got your flu shot yet?

I'm risk averse, which has at times led me to appear to others as if I were risk seeking. Yes, I got the inoculation in early September. Basically, I'd like to be immunized against anything I can be. Thanks for the post, because it reminds me I'm due for a 10-year Tetanus booster. There's a pharmacy...
by Phineas J. Whoopee
Thu Oct 16, 2014 2:04 pm
 
Forum: Personal Consumer Issues
Topic: Your personal risk level: Got your flu shot yet?
Replies: 93
Views: 2937

Re: Need Suggestions for Vanguard Fund Investments

... And if for whatever reason you change your mind in future or need money for other reasons can exit fund within one business day with no penalty, unlike a CD. Good luck. Please note that ruralavalon's suggestion, which meets both the low-risk and monthly income objectives of OP, is a brokered CD...
by Phineas J. Whoopee
Wed Oct 15, 2014 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Suggestions for Vanguard Fund Investments
Replies: 19
Views: 1622

Re: Bill Sharpe on the 4% SWR rule (he thinks it's silly)

A 4% inflation adjusted rule may be simplistic, but it is far better than any complicated plan assuming 8% yield, and far better than having fear cause you to do foolish things. The 4% rule is just wrong, for the reasons explained by Sharpe. I don't see how something that is wrong can be better tha...
by Phineas J. Whoopee
Wed Oct 15, 2014 5:57 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Sharpe on the 4% SWR rule (he thinks it's silly)
Replies: 51
Views: 4592

Re: -11.33% YTD, asking for some guidance

^^ And yet the fact remains that you own the entirety of what you own, regardless of how many buckets you think of yourself as having, or whether advice to somebody else triggers your hate response (I don't hate it when things go down, in reference to your upthread post saying everybody should, and ...
by Phineas J. Whoopee
Wed Oct 15, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: -11.33% YTD, asking for some guidance
Replies: 57
Views: 3367

Re: Need Suggestions for Vanguard Fund Investments

... I would like to see an investment pay $150 - 250 per month. I am a bit risk averse so I tend to stick to safer investments. Given these attributes, what investment(s) do you suggest that corresponds to my needs? Vanguard currently offers new issue 10 year FDIC insured CDs issued by commercial b...
by Phineas J. Whoopee
Wed Oct 15, 2014 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Suggestions for Vanguard Fund Investments
Replies: 19
Views: 1622

Re: Why are 401k plans expensive?

I have a cheap one, too, but I think a part of the broader problem is the captive nature of the audience. Few people in my acquaintance talk about changing jobs because of their 401(k) costs. That factor may also cause some employers to invest less effort into finding a good deal for their people.
PJW
by Phineas J. Whoopee
Wed Oct 15, 2014 2:12 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 2941

Re: What hedges inflation (other than TIPs)

... REITs (the management kind, not the mortgage kind) tend to fair better due to asset appreciation and the ability to raise rents (usually annually). Commercial properties are often leased for ten years, with built-in set rent increases which don't know, in advance, about future inflation. With r...
by Phineas J. Whoopee
Tue Oct 14, 2014 8:03 pm
 
Forum: Investing - Theory, News & General
Topic: What hedges inflation (other than TIPs)
Replies: 11
Views: 743

Re: What hedges inflation (other than TIPs)

A derivative called an inflation swap does it directly, and can even hedge an entire portfolio (as opposed to TIPS which only protect themselves), but the price maker will charge enough that over time they're likely to profit at your expense. You'd be paying somebody else to take on your inflation r...
by Phineas J. Whoopee
Tue Oct 14, 2014 4:28 pm
 
Forum: Investing - Theory, News & General
Topic: What hedges inflation (other than TIPs)
Replies: 11
Views: 743

Re: Need Suggestions for Vanguard Fund Investments

I want to invest $80,000. It's just sitting in the bank not doing anything. I was thinking about investing it in Vanguard Funds. I don't want to invest in stocks since I feel the market may be too volatile now. So bonds is my choice. I'm somewhat risk averse. I want to squeeze as much as I can out ...
by Phineas J. Whoopee
Tue Oct 14, 2014 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Suggestions for Vanguard Fund Investments
Replies: 19
Views: 1622

Re: How TIPS work

Can you please explain what causes the NAV of Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and DFA Inflation-Protected Securities (DIPSX) to change each day. I have asked this question a few times but still have a problem understanding. Thanks Paul I think I may have attempted befo...
by Phineas J. Whoopee
Tue Oct 14, 2014 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: How TIPS work
Replies: 10
Views: 967

Re: You will think this is a stupid question

... Haven't really tracked the ECB policy precisely, but they should be cutting rates and I believe they are with that 20bp charge on keeping currency on reserve with them. That means negative interest rates - you park cash and it will cost you .20% each year leaving you with 99.8% of your deposit ...
by Phineas J. Whoopee
Tue Oct 14, 2014 2:20 pm
 
Forum: Investing - Theory, News & General
Topic: [unofficial Fed announcements make bond prices predictable?]
Replies: 25
Views: 913

Re: You will think this is a stupid question

... 4. Nisi's point about bond fund rates not being set by the Fed is a good one. But nonetheless, wouldn't they typically move in tandem, albeit possibly with a slight delay? This is just something I would assume. I'm not currently a bond investor in any significant way (my fixed income is predomi...
by Phineas J. Whoopee
Tue Oct 14, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: [unofficial Fed announcements make bond prices predictable?]
Replies: 25
Views: 913

Re: You will think this is a stupid question

... Haven't really tracked the ECB policy precisely, but they should be cutting rates and I believe they are with that 20bp charge on keeping currency on reserve with them. That means negative interest rates - you park cash and it will cost you .20% each year leaving you with 99.8% of your deposit ...
by Phineas J. Whoopee
Tue Oct 14, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: [unofficial Fed announcements make bond prices predictable?]
Replies: 25
Views: 913

Re: Why did my bond funds NAV change on Columbus Day?

... I agree. GNMA, as just one example, does not accrue the income into the NAV and the amount of the monthly dividend is based on the holding balance for each day of the month. For such bond funds, you are also never "buying the dividend". And if I may add a further detail, for such fund...
by Phineas J. Whoopee
Mon Oct 13, 2014 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why did my bond funds NAV change on Columbus Day?
Replies: 16
Views: 1430

Re: How TIPS work

So I understand TIPs adjust according to inflation and the CPI. What I don't follow is do they pay a yield beyond this? Are they just Treasuries with variable inflation protection (versus an estimate of inflation built in). Or are they more like a money market with inflation protection ie: they are...
by Phineas J. Whoopee
Mon Oct 13, 2014 10:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: How TIPS work
Replies: 10
Views: 967

Re: Index funds and compound interest

First off, thanks for taking the time to write a reply, and I apologise for the probably really clueless reply I'm about to write :beer :beer Hi Tom, We're getting there. Let me try again. Can we agree for the moment that dividends are meaningless in a tax-advantaged account, and what's important i...
by Phineas J. Whoopee
Mon Oct 13, 2014 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Index funds and compound interest
Replies: 10
Views: 1138

Re: Bill Sharpe on the 4% SWR rule (he thinks it's silly)

If it were a rule it would be silly, but it isn't a rule. It's a rough starting point for planning purposes only.

If we call a tail a leg, how many legs does a dog have?

Four. Calling a tail a leg doesn't make it one.

PJW
by Phineas J. Whoopee
Mon Oct 13, 2014 9:17 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Sharpe on the 4% SWR rule (he thinks it's silly)
Replies: 51
Views: 4592

Re: Does your ROTH hold risky or stable items?

My non-acronym Roth IRA contains both relatively stable and relatively risky assets. It holds what's convenient to keep there, for my overall portfolio to maintain my chosen asset allocation. As frequently demonstrated mathematically, there is no major difference between a Roth and a Traditional IRA...
by Phineas J. Whoopee
Mon Oct 13, 2014 8:25 pm
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 51
Views: 2772

Re: Anyone buy inverse ETFs during a correction or crash?

sadly, i bought these before I became a boglehead, recommended from a friend of a friend. I held them for more than a day, sometimes weeks not knowing it should be less than 1 day. Heads, you lose. tails you lose. I still don't understand how one can win in this game. I would stay far far away from...
by Phineas J. Whoopee
Mon Oct 13, 2014 8:18 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone buy inverse ETFs during a correction or crash?
Replies: 13
Views: 950

Re: Index funds and compound interest

Hi Tom, You're both wrong and right. You're right that owning shares in a mutual fund is not the same as owning dollars in a bank account. You're wrong that changes in wealth in a mutual fund, although not in a constantly-up direction, don't build upon each other. Can we agree for the moment that di...
by Phineas J. Whoopee
Mon Oct 13, 2014 8:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Index funds and compound interest
Replies: 10
Views: 1138

Re: the importance of asset allocation

Have you read Getting Started? Your "sooo" doesn't make it clear we're doing anything other than reading to you what you can read for yourself.
PJW
by Phineas J. Whoopee
Mon Oct 13, 2014 8:07 pm
 
Forum: Investing - Theory, News & General
Topic: the importance of asset allocation
Replies: 16
Views: 1467

Re: Why did my bond funds NAV change on Columbus Day?

wx27 wrote:Also NAV will increase from 3 days of accrued interest.

Mostly not, for bond funds. Some, like TIPS and Vanguard's foreign bond funds, include accrued interest in NAV, but most US-based bond funds don't do that.
PJW
by Phineas J. Whoopee
Mon Oct 13, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why did my bond funds NAV change on Columbus Day?
Replies: 16
Views: 1430

Re: Why did my bond funds NAV change on Columbus Day?

I accept the kind correction from other posters.

The Post Office was closed today. US financial markets were open. On Good Friday the Post Office is open, and US financial markets are closed.
PJW
by Phineas J. Whoopee
Mon Oct 13, 2014 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why did my bond funds NAV change on Columbus Day?
Replies: 16
Views: 1430

Re: Dry Powder, When to Start Value Averaging In?

Choose an asset allocation which is sensible for you for the long term in your situation, then deploy your cash into it all at once. If going all in all at once would be too difficult to accomplish, then re-evaluate the asset allocation until you come up with one that isn't difficult. I'm not clear ...
by Phineas J. Whoopee
Mon Oct 13, 2014 6:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dry Powder, When to Start Value Averaging In?
Replies: 23
Views: 2196

Re: Anyone buy inverse ETFs during a correction or crash?

And if I may add, as detailed in the wiki article, the way inverse ETFs are structured makes them entirely inappropriate for any holding period longer than a single day's trading session . Any longer than that and the losses are built in. Don't hold one overnight. They're constructed for extremely-s...
by Phineas J. Whoopee
Mon Oct 13, 2014 5:49 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone buy inverse ETFs during a correction or crash?
Replies: 13
Views: 950

Re: Another real estate question/selling Manhattan coop

And there's one of the reasons a NYC co-op will be less expensive to buy than an equivalent condo: they're harder to sell.
PJW
by Phineas J. Whoopee
Mon Oct 13, 2014 1:32 pm
 
Forum: Personal Consumer Issues
Topic: Another real estate question/selling Manhattan coop
Replies: 4
Views: 427

Re: I-bonds - variable rate - Nov 1

ArthurO wrote:...
I buy annual allotment of EE and I series also for the record ...

Then I don't understand the phrasing of your upthread no brain criticism regarding buying I Bonds rather than CDs.
PJW
by Phineas J. Whoopee
Sun Oct 12, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds - variable rate - Nov 1
Replies: 13
Views: 2049

Re: Thoughts on getting out

island wrote:May I ask, what do you do for a living and what makes it so hellish?

I'm not OP, but my impression from the original post isn't so much that OP's job is kicking puppies, as it is that the work environment is insufferable.
PJW
by Phineas J. Whoopee
Sun Oct 12, 2014 5:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 35
Views: 4485

Re: Do you every turn your smart phone off?

... Why would I need the phone on while I'm asleep? No reason at all perhaps, especially if one has a landline. I don't, and personally have a sickly elderly close relative, so I want to be reachable even if it wakes me up. I'm not in this situation, but a parent of a teen might also want to be rea...
by Phineas J. Whoopee
Sun Oct 12, 2014 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Do you every turn your smart phone off?
Replies: 36
Views: 1893

Re: Thoughts on getting out

I agree with the HELOC concerns. The best thing would be to create a plan you can carry out, including tuition and the other things you mention, plus a cushion for problems, without it, even if that means curtailing your lifestyle for a while. Better a curtailed lifestyle than a curtailed life. If, ...
by Phineas J. Whoopee
Sun Oct 12, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on getting out [of job]
Replies: 35
Views: 4485

Re: TIPS and REIT (Diversification and Taxable Accounts)

Laura wrote:I bonds are a good choice through treasurydirect.com.
...

If I may, the correct url is http://treasurydirect.gov/

The .com address also exists, but so far looks mostly harmless. It's still best to keep track.

I've PMd Laura but she hasn't yet had a chance to go back and edit her post.

PJW
by Phineas J. Whoopee
Sun Oct 12, 2014 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS and REIT (Diversification and Taxable Accounts)
Replies: 15
Views: 1106

Re: Do you every turn your smart phone off?

Thanks for the link. My phone-charging options broadened after Consumer Cellular fixed their Android usage-monitoring app so it doesn't contribute 2/3 to battery drainage.
PJW
by Phineas J. Whoopee
Sun Oct 12, 2014 3:39 pm
 
Forum: Personal Consumer Issues
Topic: Do you every turn your smart phone off?
Replies: 36
Views: 1893

Re: I Bonds - Best redemption strategy

You can, if you like, switch back and forth between paying income tax on the interest annually and not until the end. Sometimes you have to write a letter with the right wording. "Method 1" is reporting all interest at redemption or maturity. "Method 2" is reporting interest annu...
by Phineas J. Whoopee
Sun Oct 12, 2014 2:58 pm
 
Forum: Investing - Theory, News & General
Topic: I Bonds - Best redemption strategy
Replies: 13
Views: 1372

Re: Where to find CDs for Emergency Fund and structure of EF

... Regarding CDs, Ally Bank looks good although I noticed in their legalese that you cannot withdraw a partial amount of a CD early and the withdrawal has to be approved by them. ... Responding only to the underlined bit, you can open multiple smaller CDs to give you more granularity on redemption...
by Phineas J. Whoopee
Sun Oct 12, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to find CDs for Emergency Fund and structure of EF
Replies: 4
Views: 678

Re: How often are index funds updated? (reflect new market c

Just wondering, what's the methodology behind updating a total market index fund's holdings? How often does it happen? Once per year? If so when? Obviously market caps change year to year, and stocks that were mid caps became large caps, some mid caps fell and became small caps, etc. ... For total-...
by Phineas J. Whoopee
Sun Oct 12, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: How often are index funds updated? (reflect new market caps)
Replies: 2
Views: 502

Re: I-bonds - variable rate - Nov 1

why wouldn't you buy CDs instead for more than double the yield??? seems no brainer to me.... It depends on how exposed one is to inflation risk. The I Bonds will keep up with it (pretax), whatever it works out to be, but a CD might not, even if it yields more on the first day. Please note by the w...
by Phineas J. Whoopee
Sun Oct 12, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds - variable rate - Nov 1
Replies: 13
Views: 2049

Re: I-bonds - variable rate - Nov 1

I'm pretty sure we won't find out until 3 November, a Monday. :happy
PJW
by Phineas J. Whoopee
Sun Oct 12, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: I-bonds - variable rate - Nov 1
Replies: 13
Views: 2049

Re: How much of your Emergency Fund would you lock up in CDs

trueblueky wrote:...
I don't consider the credit card an EF as much as it is a convenient way to pay without having to immediately break a CD or move money from savings.

And on that we completely agree.
PJW
by Phineas J. Whoopee
Sat Oct 11, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much of your Emergency Fund would you lock up in CDs?
Replies: 37
Views: 2633

Re: How much of your Emergency Fund would you lock up in CDs

... I deal with credit unions not banks, so the slime factor is a lot less. I have never had my credit limit lowered, in 2009 or at any other time. Nonetheless, as nisiprius wrote, debt is not cash, even if you personally haven't experienced a credit limit being lowered. To comment further, banks a...
by Phineas J. Whoopee
Sat Oct 11, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much of your Emergency Fund would you lock up in CDs?
Replies: 37
Views: 2633

Re: TIPS or VIPSX and why?

... Edit 10/11/14 7:35 AM CDT: added the following: ... I tend to agree that the case for you including TIPS is weak, ... I don't understand why many on this forum seem to think that holding TIPS (individual or in a fund) in one's portfolio requires some special justification. I never see it argued...
by Phineas J. Whoopee
Sat Oct 11, 2014 4:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS or VIPSX and why?
Replies: 9
Views: 1229

Re: How much of your Emergency Fund would you lock up in CDs

... At Ally you can lock up as much as you are comfortable with, the penalty for early withdrawal was one month of interest last time I checked! I checked just now. The CD penalties are: Two years or less: 60 days Three years: 90 days Four years: 120 days Five years: 150 days I also see: Early With...
by Phineas J. Whoopee
Sat Oct 11, 2014 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much of your Emergency Fund would you lock up in CDs?
Replies: 37
Views: 2633

Re: Help w/ approximating TSM w/ Fidelity 401k

It would help everybody a lot if you included expense ratios for every fund. That said, the S&P 500 is a pretty good proxy for the US stock market as a whole, over time. I agree Total Stock or its equivalent would be a little better, but the former isn't bad. If you've no good supplement for it ...
by Phineas J. Whoopee
Fri Oct 10, 2014 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ approximating TSM w/ Fidelity 401k
Replies: 15
Views: 628

Re: it will take me about 38 years to reach $1M at this rate

The maximum you're allowed to set aside into a Roth or Traditional IRA each year is no guide to how much you should set aside for retirement each year. Take advantage of tax-deferred and tax-free accounts by all means, and when investing in taxable take tax efficiency into account of course, but sav...
by Phineas J. Whoopee
Fri Oct 10, 2014 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: it will take me about 38 years to reach $1M at this rate
Replies: 25
Views: 3131

Re: TIPS or VIPSX and why?

... So, in this scenario--would you buy individual TIPS or more shares of VIPSX in a taxable account? Why? I agree with what dbr wrote, and would like to add a not why because it usually comes up in these sorts of discussions. TIPS are adjusted for inflation, which is usually upward. The inflation ...
by Phineas J. Whoopee
Fri Oct 10, 2014 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIPS or VIPSX and why?
Replies: 9
Views: 1229
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