Search found 252 matches

by SteelyEyed
Sun Jun 28, 2015 6:24 am
Forum: Investing - Theory, News & General
Topic: The next Lehman - this week? [Greek default]
Replies: 237
Views: 25958

Re: The next Lehman - this week? [Greek default]

I started reading at the top of page two and intentionally didn't look at the posting dates. It seemed like current news to me.
by SteelyEyed
Fri May 22, 2015 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Invest ONLY After Tax Money Into 401(k)?
Replies: 20
Views: 1969

Re: Invest ONLY After Tax Money Into 401(k)?

I just have a minor note to add. If you're the only person contributing to a small business 401(k) plan and you're the owner of the company, then take a look at the costs. While the ERs on your investments might be 0.05% to 0.2% or something, essentially all of the behind-the-scenes administrative c...
by SteelyEyed
Tue May 12, 2015 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Ijs vs visvx [Small cap value, iShares vs. Vanguard]
Replies: 11
Views: 1425

Re: Ijs vs visvx [Small cap value, iShares vs. Vanguard]

VIOV's problem is ... Yes, but it uses the same index as IJS (and not the same index as VBR) and trades for free at Vanguard. It is useful as a TLH partner for VBR. So it may be an argument for choosing VBR over IJS if you're looking to set up a TLH plan. If on the other hand, you're more of a puri...
by SteelyEyed
Thu May 07, 2015 6:59 pm
Forum: Investing - Theory, News & General
Topic: Round Numbers in Portfolio Allocations
Replies: 49
Views: 3123

Re: Round Numbers in Portfolio Allocations

If she's good with spreadsheets, then it doesn't matter. I have a 4.38% target allocation to emerging markets (Vanguard VEMAX). That percentage times my total portfolio value is the number of dollars I try to keep in VEMAX. I don't even look at the percentage anymore.
by SteelyEyed
Thu Apr 16, 2015 5:46 pm
Forum: Investing - Theory, News & General
Topic: I and EE Bonds - What will the new rate be?
Replies: 18
Views: 2398

Re: I and EE Bonds - What will the new rate be?

Coles wrote:I predict the EE Bond doubling feature will be changed to 30 years.


So, for college planning purposes, one should by EE bonds when the child is -12 years old.
by SteelyEyed
Sun Mar 29, 2015 1:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard FTSE All-World ex-US Small-Cap ETF
Replies: 17
Views: 3212

Re: Vanguard FTSE All-World ex-US Small-Cap ETF

Vanguard also has an investor class fund, VFSVX. I wish they had admiral shares for the MF. I once started a poll about the institutional fund: BH.org Thread Here is a link to the VG page: VG Site The fund is still quite small, even two years later. I would still love to have access to that one tho...
by SteelyEyed
Wed Mar 18, 2015 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Too good to be true? vgenx or vgpmx
Replies: 29
Views: 4803

Re: Too good to be true? vgenx or vgpmx

Sector funds are not needed. In fact, Jack Bogle has stated an investor could never own a sector fund and be just fine. What's up with that? I just read in Money that if I invest in last year's worst performing S&P 500 sector, I could trounce the S&P 500 over time. :) Did they call it the &...
by SteelyEyed
Tue Mar 17, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: How Much To Negotiate Realtor Commission
Replies: 31
Views: 3060

Re: How Much To Negotiate Realtor Commission

The book "Freakonomics" has a chapter on real estate commissions. If I remember correctly, realtors basically add no value to the process, other than convenience. The percentage of sale commission structure provides an incentive that works as a conflict of interests, preventing the seller ...
by SteelyEyed
Thu Mar 12, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Hit with Kiddie Tax; tIRA to the rescue
Replies: 13
Views: 1937

Re: Hit with Kiddie Tax; tIRA to the rescue

This was our first year dealing with this (2014 filing). Our kiddie tax situation was much simpler. DD is young and has no earned income. I realized almost $2000 of LTCG and the Q4 dividends were a little larger than I had expected, so we did pay the kiddie tax. Thanks to the Foreign Tax Credit, the...
by SteelyEyed
Tue Mar 10, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: How many really understand how investing works?
Replies: 37
Views: 3556

Re: How many really understand how investing works?

It's easy:

    Step 1 - Invest
    Step 2 -
    Step 3 - Profit!
by SteelyEyed
Fri Mar 06, 2015 12:03 pm
Forum: Investing - Theory, News & General
Topic: New DOW Component
Replies: 40
Views: 3154

Re: New DOW Component

cheese_breath wrote:Don't you remember the big deal on CNBC when it crossed 18,000?


No. I suppose I should watch more CNBC. :wink:
by SteelyEyed
Fri Mar 06, 2015 10:54 am
Forum: Investing - Theory, News & General
Topic: New DOW Component
Replies: 40
Views: 3154

Re: New DOW Component

The DJIA is still being tracked?
by SteelyEyed
Fri Feb 20, 2015 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: All-World ex-US vs Total International Stock
Replies: 19
Views: 2604

Re: All-World ex-US vs Total International Stock

Since All World is newer fund than Total International, do you mean the All world is better? I want only one. I have been trying to get rid of VFWAX for years now. I TLH or gift at every opportunity. .. no way to stay within Vanguard to TLH VEMAX :-(. If you can temporarily stomach the ER and some ...
by SteelyEyed
Tue Feb 17, 2015 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Small Change to Fido Amex Card
Replies: 0
Views: 265

Small Change to Fido Amex Card

For all of those out there that use the 2% cash back Fidelity American Express credit card, I saw this little message on the portal: "Important Notice: The Mall will be ending March 2015. Until then, you can still earn bonus points from hundreds of online stores using your credit card. Sign In ...
by SteelyEyed
Fri Feb 06, 2015 2:35 pm
Forum: Investing - Theory, News & General
Topic: Why Do People Invest in Certain VG Funds?
Replies: 15
Views: 2367

Re: Why Do People Invest in Certain VG Funds?

An even simpler example is Vanguard 500 Index fund and Vanguard Total Stock Market Index fund. Why do people invest in the 500 Index Fund now that there is a Total Stock Market Index Fund? To my way of thinking, Total Stock simply supersedes 500 Index. There was a time when it had a slightly higher...
by SteelyEyed
Tue Feb 03, 2015 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: What exactly is "wealthy?"
Replies: 47
Views: 4608

Re: What exactly is "wealthy?"

To most people, "wealthy" is "more than what I have." It is always relative. My CEO once told me that he was not wealthy. He then told a few stories about his second home and his extended vacations traveling outside the country. It was not a secret that he had a low-seven figure ...
by SteelyEyed
Sat Jan 31, 2015 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: How Will You Complete Your 2014 Taxes?
Replies: 69
Views: 5470

Re: POLL: How Will You Complete Your 2014 Taxes?

TaxAct. Even though my return is ~15-20 pages, I still use the free version. I haven't run into anything that requires purchase to get it done. I even did a minor's return for free.

I do it by hand first, then fill in everything online for a second check and easy submission.
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: 7405

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 15, 2015 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Inflation-Indexing Wish List
Replies: 12
Views: 1009

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
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: 8329

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
Fri Jan 02, 2015 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Gifting Mechanics at Vanguard
Replies: 3
Views: 572

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 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Gifting Mechanics at Vanguard
Replies: 3
Views: 572

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
Mon Dec 22, 2014 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: TLH: Use ETF to gauge fund close?
Replies: 7
Views: 646

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
Thu Dec 11, 2014 3:53 pm
Forum: Investing - Theory, News & General
Topic: Use of UGMA/UTMA accounts
Replies: 26
Views: 4761

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 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: tax loss / gain harvesting & the kiddie tax
Replies: 3
Views: 575

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 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: tax loss / gain harvesting & the kiddie tax
Replies: 3
Views: 575

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
Wed Dec 10, 2014 8:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Wish List
Replies: 44
Views: 3411

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 11:08 am
Forum: Investing - Theory, News & General
Topic: Use of UGMA/UTMA accounts
Replies: 26
Views: 4761

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
Tue Dec 09, 2014 10:57 pm
Forum: Investing - Theory, News & General
Topic: Use of UGMA/UTMA accounts
Replies: 26
Views: 4761

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
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: 1604

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
Tue Nov 18, 2014 7:53 am
Forum: Personal Consumer Issues
Topic: AT&T Upgrades Data Allowance
Replies: 5
Views: 958

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
Thu Oct 30, 2014 1:17 pm
Forum: Personal Consumer Issues
Topic: A Little Common Core Math problem
Replies: 97
Views: 3553

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 09, 2014 1:24 pm
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 464
Views: 39294

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
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: 2695

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 1:57 pm
Forum: Investing - Theory, News & General
Topic: Do you consider Dan Wiener to be a Boglehead?
Replies: 32
Views: 2695

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

There is no true Boglehead.
by SteelyEyed
Mon Sep 08, 2014 10:30 am
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 60
Views: 4135

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
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: 291

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 1:13 pm
Forum: Personal Consumer Issues
Topic: USAA Credit Card Offer
Replies: 12
Views: 1222

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
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: 5650

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
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: 5299

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
Wed Aug 06, 2014 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 6760

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
Mon Jul 28, 2014 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) contributions
Replies: 11
Views: 863

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
Thu Jul 24, 2014 10:47 am
Forum: Investing - Theory, News & General
Topic: fidelity bond fund vs vanguard bond fund
Replies: 6
Views: 784

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
Tue Jul 22, 2014 10:16 am
Forum: Investing - Help with Personal Investments
Topic: VMMXX: Finally Pulled the Trigger
Replies: 29
Views: 4142

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 01, 2014 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard - How America Saves 2014
Replies: 16
Views: 3474

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
Mon Jun 23, 2014 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone switch to non-branch banking?
Replies: 57
Views: 5922

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
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: 1195

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%?

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