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Re: Hedge fund loses 99.8% of all funds, $100m down to $200k

Yeah honestly the manager acted in his own rational self-interest. From his perspective, nothing he did was unreasonable. Immoral? Sure. But not irrational. He followed his self-interest to the letter. Makes you kinda worried about those that advocate for a society run 100% on nothing but self-inte...
by SteelyEyed
Thu Jan 22, 2015 12:10 pm
 
Forum: Investing - Theory, News & General
Topic: Hedge fund loses 99.8% of all funds, $100m down to $200k.
Replies: 59
Views: 6659

Inflation-Indexing Wish List

Hello all, Many were pleased when Congress stopped the annual patch on the AMT and linked it to inflation. Around this time of year, many of us are looking at the new limits for various things (401k contributions, etc.). I noticed one thing that did not increase this year, not because it did not mee...
by SteelyEyed
Thu Jan 15, 2015 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Inflation-Indexing Wish List
Replies: 12
Views: 908

Re: Poll - How much is enough / what's your number?

http://i2.cdn.turner.com/money/dam/assets/140523165254-chart-top-one-percent-620xa.png http://i2.cdn.turner.com/money/dam/assets/140523165254-chart-top-one-percent-620xa.png So the working class doesn't even control enough to have a slice of the pie (chart)?
by SteelyEyed
Tue Jan 13, 2015 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 79
Views: 7549

Re: Gifting Mechanics at Vanguard

This question is begging for a phone call to Vanguard. If the accounts do not have the same registration which would be the case in giving to a UTMA, then a signature guarantee may slow the process down. Ah, but I prefer not to talk to human beings. If the custodian is listed in the UTMA registrati...
by SteelyEyed
Fri Jan 02, 2015 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Gifting Mechanics at Vanguard
Replies: 3
Views: 527

Gifting Mechanics at Vanguard

Hello everyone, With the new year, there is a new gift tax exclusion to burn through. I previously set up a UTMA account at Vanguard. My taxable accounts are at Vanguard. I am the custodian for the UTMA. When I first established this and funded, I gifted appreciated shares via a phonecall to Vanguar...
by SteelyEyed
Fri Jan 02, 2015 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Gifting Mechanics at Vanguard
Replies: 3
Views: 527

Re: TLH: Use ETF to gauge fund close?

Generally, yes. I mostly own mutual funds. My spreadsheet imports yesterday's closing prices for those mutual funds. However, it imports the corresponding ETFs' closing and current prices to make an estimate for today's closing values. It is usually quite accurate. It only fails come dividend time, ...
by SteelyEyed
Mon Dec 22, 2014 2:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH: Use ETF to gauge fund close?
Replies: 7
Views: 600

Re: Use of UGMA/UTMA accounts

I think the UTMA funds can be used for anything that benefits the child, regardless of whether it is considered a parent's legal obligation. I don't have a source, but I've heard that the limitation regarding parental obligations is just a myth. I would like to believe that. I found a few court cas...
by SteelyEyed
Thu Dec 11, 2014 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: Use of UGMA/UTMA accounts
Replies: 26
Views: 4559

Re: tax loss / gain harvesting & the kiddie tax

Are there any other considerations I may be missing here? Similar to my situation, I wonder about having international funds in a UTMA. It looks like the Foreign Tax Credit is no good here, though it might be rolled into the future for some use via Form 1116. I don't really have the answer on that....
by SteelyEyed
Thu Dec 11, 2014 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: tax loss / gain harvesting & the kiddie tax
Replies: 3
Views: 538

Re: tax loss / gain harvesting & the kiddie tax

If the capital gains are long-term, then you should harvest up to the $2000 point, which will all either be exempted or within the child's 0% LTCG rate. That goes for both children. It does mean that you will have to file separate returns for each of them, including Form 8615, rather than the other ...
by SteelyEyed
Thu Dec 11, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: tax loss / gain harvesting & the kiddie tax
Replies: 3
Views: 538

Re: Vanguard Wish List

Admiral shares of VSFVX (FTSE ex-US Small Cap) with an ER equal to that of VSS (the ETF).

An index fund for international value, so I can get rid of EFV, or at least TLH with it.
by SteelyEyed
Wed Dec 10, 2014 8:23 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Wish List
Replies: 44
Views: 3106

Re: Use of UGMA/UTMA accounts

Bob's not my name wrote:Have you taken year end distributions from the remaining shares into account?


With estimates, yes.
by SteelyEyed
Wed Dec 10, 2014 11:08 am
 
Forum: Investing - Theory, News & General
Topic: Use of UGMA/UTMA accounts
Replies: 26
Views: 4559

Re: Use of UGMA/UTMA accounts

I opened a UTMA for my child this year. I gifted some appreciated shares of VFWAX (FTSE ex-us Admiral). I sold enough such that the LTCG and dividends would be just about $2000. Looking at Form 1040, the Foreign Tax Credit is non-refundable, so no negative tax rate :( . However, would it be possible...
by SteelyEyed
Tue Dec 09, 2014 10:57 pm
 
Forum: Investing - Theory, News & General
Topic: Use of UGMA/UTMA accounts
Replies: 26
Views: 4559

Re: 529 Question- Home State w/ Higher Fees vs Nevada

The529guy wrote:
The deduction is also subject to recapture if, within two years of establishing the Account, the Account is rolled over into another state’s qualified tuition program.


Nice. If only New Mexico had a similar rule.
by SteelyEyed
Fri Nov 28, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Question- Home State w/ Higher Fees vs Nevada
Replies: 9
Views: 1550

Re: AT&T Upgrades Data Allowance

I was on the individual 2GB plan. When I looked just now, it is no longer offered, but there is a 3GB plan for the same price. I upgraded and got a 50% increase in data for $0. Thanks!
by SteelyEyed
Tue Nov 18, 2014 7:53 am
 
Forum: Personal Consumer Issues
Topic: AT&T Upgrades Data Allowance
Replies: 5
Views: 923

Re: A Little Common Core Math problem

Your daughter's solution: A. Divide answers by eight to determine possible cat weights. B. Add answers from steps A to to original weights. C. The sum that equal 63 is from the choice that is correct. I did things like that in school, but only as a backup if I couldn't figure it out the correct way ...
by SteelyEyed
Thu Oct 30, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: A Little Common Core Math problem
Replies: 97
Views: 3244

Re: Headed for a 300+ point loss today?

Another day like this and I can rebalance out of VTIAX without paying capital gains tax!
by SteelyEyed
Thu Oct 09, 2014 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 464
Views: 36940

Re: Do you consider Dan Wiener to be a Boglehead?

There is no true Boglehead. Why not? It's just a play on the logical fallacy of "there is no true Scotsman." The point is that when there is no strict definition of something, everyone will point to others who do not fit their personal ideal definition and accuse the them of not being a t...
by SteelyEyed
Tue Sep 23, 2014 2:40 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider Dan Wiener to be a Boglehead?
Replies: 32
Views: 2403

Re: Do you consider Dan Wiener to be a Boglehead?

There is no true Boglehead.
by SteelyEyed
Tue Sep 23, 2014 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider Dan Wiener to be a Boglehead?
Replies: 32
Views: 2403

Re: Texas - Recommendation Where To Live

Midland. It's hot, dry, and flat. You get that scent of Hydrogen Sulfide, too. So long as fracking continues, the economy will boom.
by SteelyEyed
Mon Sep 08, 2014 10:30 am
 
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 56
Views: 3286

Lobbying for After-Tax 401(k) & In-service Withdrawal

My company has a good 401(k) plan. The matching is above average and the additional fees are low (these may be going away soon). The in-plan funds are not the best, though VG S&P500 and Total Bond are availaible, with Target Retirement as well. It is with Fidelity, so the brokerage account is a ...
by SteelyEyed
Fri Aug 29, 2014 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lobbying for After-Tax 401(k) & In-service Withdrawal
Replies: 2
Views: 274

Re: USAA Credit Card Offer

tj wrote:
OAG wrote:PFCU is running a special on several CC now. Charge $1,500 in 90 days (3 months) and receive $100.00.

I didn't receive this offer.


It's only for the first 90 days, i.e., for new cardholders.
by SteelyEyed
Fri Aug 29, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: USAA Credit Card Offer
Replies: 12
Views: 1162

Re: Vanguard eliminates fee on FTSE All-World ex-US Small-Ca

Perhaps I was not paying enough attention to VSS, but as I look at the VG page today, the premium to NAV is about 0.41%. I thought that it would go away after the fee elimination. What did I miss? Any thoughts?
by SteelyEyed
Sat Aug 16, 2014 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard eliminates fee on FTSE All-World ex-US Small-Cap
Replies: 35
Views: 5421

Re: How to ensure military members don't get ripped off

If there are knowledgeable people on base, they are not vocal. In my experience, financial savvy was horribly lacking among military personnel. Most probably didn't even know that the TSP existed. The officers tended to know more, but not much more, than the enlisted. They prey on their own as well....
by SteelyEyed
Tue Aug 12, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: How to ensure military members don't get ripped off
Replies: 71
Views: 4945

Re: HSA Strategy for high income earners

Keep in mind an additional HSA benefit is that you pay no payroll taxes on it. This is just a marginal benefit (1.45 % medicare tax) for those above the social security tax limit. But that makes it better than any ira or 401k on which payroll taxes must be paid. That's why the HSA is in my wife's n...
by SteelyEyed
Wed Aug 06, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 6229

Re: 401(k) contributions

By the way, even if the maximum % contribution on your employer's 401(k) plan is limited to, say, 70%, you should still be able to contribute 100%. You may not want to contribute 100% though. You need to leave enough to pay for any insurance premia. Oh, and FICA...don't think that Social Security a...
by SteelyEyed
Mon Jul 28, 2014 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) contributions
Replies: 11
Views: 790

Re: fidelity bond fund vs vanguard bond fund

genjix wrote:Thanks. But beside ER di they pretty much follow the same index?


Looking at the Fidelity and Vanguard websites, they both track Barclays US Aggregate Bond indexes. Vanguard tracks the Float-Adjusted version of the index. I do not see mention of
"Float-Adjusted" on the Fidelity site.
by SteelyEyed
Thu Jul 24, 2014 10:47 am
 
Forum: Investing - Theory, News & General
Topic: fidelity bond fund vs vanguard bond fund
Replies: 6
Views: 755

Re: VMMXX: Finally Pulled the Trigger

I thought lots of bogleheads don't like to reinvest dividends; instead they send the dividends to Prime Money Market. What is happening to all your dividends? Are you sending them to Balanced Index Fund Admiral? P.S. I am a dinosaur. I have Prime and I reinvest dividends. VMMXX? I use VMSXX (tax-ex...
by SteelyEyed
Tue Jul 22, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: VMMXX: Finally Pulled the Trigger
Replies: 29
Views: 3920

Re: Vanguard - How America Saves 2014

Is there a roughly comparable document from any other of the big institutions, like Fidelity? It would be interesting to see if the findings are generally the same, such as 4 of 10 offer after-tax contributions, etc.
by SteelyEyed
Tue Jul 01, 2014 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard - How America Saves 2014
Replies: 16
Views: 3416

Re: Anyone switch to non-branch banking?

I didn't switch, because I have effectively (okay, I had a savings account as a child, at my parents' bank) never used branch (B&M) banking. When I needed a checking account, 15 years ago, I opened one online. I've never needed to go to a branch to do something. I've never needed a large amount ...
by SteelyEyed
Mon Jun 23, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone switch to non-branch banking?
Replies: 54
Views: 4787

Re: European Central Bank short term interest now -0.10%

[Mr. Draghi] said the central bank may now have exhausted the potential for rate cuts to stimulate growth and inflation. "For all practical purposes, we have reached the lower bound," he said.


Why is that? How about -0.5% or -1%?
by SteelyEyed
Thu Jun 05, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: European Central Bank short term interest now -0.10%
Replies: 12
Views: 1158

Re: What would you do with 1million

IMD801 wrote:So very tempted to quote Office Space.


lol. Somebody else asked the same question once. I replied with what I believe is the same quote. A moderator deleted it. :D
by SteelyEyed
Wed Jun 04, 2014 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with 1million
Replies: 17
Views: 2059

Re: How do you make your money?

I use high-quality paper and ink in an expensive scanner/printer.
by SteelyEyed
Fri May 23, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 14990

Re: Fidelity Brokerage Link

We just switched over to this as well. The fund selection in our plan is pretty weak, with VG Total Bond and VG S&P500 as the only index funds outside target retirement funds. I suspect that costs may vary depending on your company's deal with Fidelity, but the Fidelity BrokerageLink costs us $1...
by SteelyEyed
Thu May 22, 2014 10:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Brokerage Link
Replies: 12
Views: 1144

Re: More evidence of the predicted bond apocolypse

How much gold and ammunition do I need to survive the bond apocalypse?
by SteelyEyed
Fri May 16, 2014 12:07 pm
 
Forum: Investing - Theory, News & General
Topic: More evidence of the predicted bond apocalypse
Replies: 38
Views: 4088

Re: gold , silver, copper and uranium only

cowboysFan wrote:How enriched is your uranium? Do you stockpile it at home?


That's not safe, unless you also invest in lead (you could also use steel or hydrogenous fluids, but you'll need greater quantities).

Keep it under 20%, unless you want international inspectors messing with your portfolio.
by SteelyEyed
Tue Apr 15, 2014 9:24 am
 
Forum: Investing - Theory, News & General
Topic: gold , silver, copper and uranium only
Replies: 46
Views: 3468

Re: gold , silver, copper and uranium only

My wage income is too closely tied to uranium, so I do not invest in it. It's the high correlation and all -- think working at Enron and investing in Enron at the same time. It's fun stuff though!
by SteelyEyed
Mon Apr 14, 2014 4:35 pm
 
Forum: Investing - Theory, News & General
Topic: gold , silver, copper and uranium only
Replies: 46
Views: 3468

Re: Mouse/Rat traps

I am always trying to build a better mousetrap.
by SteelyEyed
Tue Mar 11, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Mouse/Rat traps
Replies: 29
Views: 2197

Re: Vanguard files for active fund ETFs

Maybe they will have a FTSE ex-US Small Cap Index w/RBD Management ETF.
by SteelyEyed
Fri Mar 07, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard files for active fund ETFs
Replies: 21
Views: 1693

Re: 17.6 year stock market cycle

I prefer a 17.5 year cycle.
by SteelyEyed
Wed Jan 15, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 17.6 year stock market cycle
Replies: 38
Views: 2754

Re: Penfed 5% gas cash back card - ending?

My USAA MC is granting a 5% bonus for gas purchases in 2014 so I have designated that as my CC of choice for the year for those purchases. I notice that my DC is also passing out 5% rebates for the first quarter of the year also. I don't use that much gasoline anyway. Say-wha-huh??? :?: I haven't s...
by SteelyEyed
Wed Jan 15, 2014 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Penfed 5% gas cash back card - ending?
Replies: 20
Views: 1693

Re: HSA Questions

If you reach the income limit ($117K in 2014) for SS tax, the savings is about $100 (medicare only). Correct? Yes, this is correct. While more SS is deducted early in the year because you aren't contributing to the HSA by payroll deduction, you will reach the limit faster, so your total SS tax will...
by SteelyEyed
Thu Jan 09, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Questions
Replies: 14
Views: 1540

Re: Vanguard 2013 Year-End Distributions

letsgobobby wrote:If I'm reading it right it looks like 2013 fourth quarter distributions are approximately half of 2012, in VTI, VXUS, VEU, and VOO. Fiscal cliff stuff from last year, per livesoft?


It probably has to do with Vanguard shifting its international funds to a quarterly dividend schedule.
by SteelyEyed
Mon Dec 09, 2013 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard 2013 Year-End Distributions
Replies: 36
Views: 4787

Fun with HSAs

Well, it's HDHP/HSA question season, so I though that I would add one more to the mix. Another thread had me thinking about arranging HDHPs to use multiple HSAs. For spouses, it was established that as long each person is not covered by the other's plan, and a child was placed on one of the plans, t...
by SteelyEyed
Mon Nov 04, 2013 6:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fun with HSAs
Replies: 7
Views: 889

Re: HSA extra funding

Deleted by poster.
by SteelyEyed
Mon Nov 04, 2013 5:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA extra funding
Replies: 9
Views: 797

Re: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)

I'm feeling lazy so will ask - has anyone made or seen a calculator that computes whether you should sell old I-Bonds (held more than 12 mos) that had the 0% fixed to buy new ones at 0.2%? The calculation would need to consider the 3 months forfeited interest as well as the tax hit. If the tax both...
by SteelyEyed
Fri Nov 01, 2013 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: Nov 2013 I Bond Rate - 1.38% (0.20% Fixed)
Replies: 94
Views: 7719

Re: International as a percentage of your [equities]?

What do I know? A lot of it has to do with the dollar vs other currencies. Besides, US companies do business overseas and foreign companies do business here. I'm 50/50. It's less than market cap, but greater than VG's recommendation. I figure it will work out.
by SteelyEyed
Sat Oct 19, 2013 1:19 pm
 
Forum: Investing - Theory, News & General
Topic: International as a percentage of your [equities]?
Replies: 24
Views: 1837

Re: VG funds merging and other related fund news

I just checked the website, and it allowed me to convert from VGXRX to VGRLX (Global ex-US Real Estate). That was quick and easy.
by SteelyEyed
Thu Oct 17, 2013 9:59 am
 
Forum: Investing - Theory, News & General
Topic: VG funds merging and other related fund news
Replies: 69
Views: 6995

Re: VG funds merging and other related fund news

I am happy to see Admiral shares offered for the International REIT Index fund. However I was hoping for the purchase/redemption fee to be removed and the expense ratio to decline as fund assets have now risen to $1.3 billion. Assuming that you were using Investor shares, you will see a decline in ...
by SteelyEyed
Wed Oct 16, 2013 11:20 pm
 
Forum: Investing - Theory, News & General
Topic: VG funds merging and other related fund news
Replies: 69
Views: 6995
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