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Re: Tesla X

You really want the gull wing doors?
by dmcmahon
Fri Mar 27, 2015 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Tesla X
Replies: 15
Views: 1680

Re: Tesla S

You see them everywhere here in Silicon Valley. Someone told me it's the #1 seller in Atherton (a well-heeled mid-peninsula suburb). No question the cars are sexy as hell, and incredible to drive (so I'm told) with amazing acceleration. My thoughts for what they're worth: 1. Having owned an electric...
by dmcmahon
Fri Mar 27, 2015 9:28 am
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 634
Views: 78312

Re: Flash Drive Data Recovery

When mine failed, it was still readable, just not writable. Unfortunately Windows insists on trying to write something to it whenever it's mounted. Fortunately Linux does not, so I was able to copy it off without losing anything.
by dmcmahon
Wed Mar 25, 2015 10:03 am
 
Forum: Personal Consumer Issues
Topic: Flash Drive Data Recovery
Replies: 5
Views: 638

Car buying services - recommendations?

Any reason to prefer Costco vs AAA vs. ______? Any experiences using them to buy a new car, good or bad?
by dmcmahon
Tue Mar 24, 2015 11:44 pm
 
Forum: Personal Consumer Issues
Topic: Car buying services - recommendations?
Replies: 12
Views: 1587

Re: Building a new house. Any recommendations?

Wiring - it's hard to retrofit if you leave something out so get those cable runs everywhere you might conceivably want them, and make sure you have high-speed Ethernet wiring with a central closet or similar into which you can bring your broadband.
by dmcmahon
Tue Mar 24, 2015 11:43 pm
 
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 47
Views: 3843

Re: COBRA vs ACA

In early retirement, my ACA insurance has been better than excellent. The coverage is wonderful; networks are complete. Customer service is professional, friendly and helpful. My current ACA is superior to the both Cadillac plan I had as a corporate employee and the deluxe plan I later had as a pub...
by dmcmahon
Sat Mar 21, 2015 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: COBRA vs ACA
Replies: 35
Views: 2154

Newly retired teacher - tax questions

My sister recently retired after teaching for 30 years. I help prepare her tax return with TurboTax and 2015 is going to be a significant change from prior years. Question 1: are health insurance premiums deductible? Now that she's retired, she pays the county out of her modest pension to continue i...
by dmcmahon
Sat Mar 21, 2015 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Newly retired teacher - tax questions
Replies: 5
Views: 614

Re: If you could send an investment message 10 years in the

If you received a message from yourself from the future, would you actually act on it?? I don't think I would. I would include a component that would ensure it came from me. It's not in my message but 140 characters is more than enough to append it. Since the only possible sender is me, and my past...
by dmcmahon
Mon Mar 09, 2015 9:33 pm
 
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 4274

Re: If you could send an investment message 10 years in the

Put all your money into AAPL and hold until 2015

I would debate the notion that lottery tickets are an investment message.
by dmcmahon
Mon Mar 09, 2015 8:29 pm
 
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 4274

Re: Lowering Taxable Income

Leif wrote:If you are self employed you may be able to set up a pension plan (defined benefit) for yourself.


+1 maybe show this to the other docs in your practice:

http://www.forbes.com/sites/ashleaebeli ... t-savings/
by dmcmahon
Sun Mar 08, 2015 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Lowering Taxable Income
Replies: 18
Views: 1818

Re: Why is there more (real) money in the market?

In a capitalist society, a disproportional share of the GDP goes to the capital owners. Search forum for previous discussions on this. I think you are on the wrong track here. What you say may be correct, but you'll see evidence of that in the ratio of corporate profits to GDP, currently at record ...
by dmcmahon
Sat Mar 07, 2015 7:35 pm
 
Forum: Investing - Theory, News & General
Topic: Why is there more (real) money in the market?
Replies: 8
Views: 1177

Re: Vanguard becominng more assertive with boards WSJ

This is good news and I'm happy to hear it. I'm sure John C. Bogle will be pleased so, as he's made his views plain on many occasions--was this in The Battle for the Soul of Capitalism ? Any step in this direction, even symbolic, will have a salutory effect. Vanguard has claimed that they have, in ...
by dmcmahon
Wed Mar 04, 2015 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard becominng more assertive with boards WSJ
Replies: 9
Views: 1877

1099-MISC causes schedule C in TurboTax

My last problem is a 1099-MISC I recieved for a promotional reward. I enter this in TT and lo and behold it insists on reporting this on schedule C as business or self employment income. Ugh. I've tried a few different variants but it seems TT is hard wired to treat all 1099-MISC income as schedule ...
by dmcmahon
Tue Mar 03, 2015 11:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC causes schedule C in TurboTax
Replies: 1
Views: 319

Re: Turbotax ESPP sale woes - help!

Sounds like the $25 is likely the comission you paid - should show up in the transaction statement. Cashless stock option sales usually end up as a loss on schedule D for the amount of the commission (what you made is already included as part of you income on your w2 - but the commission deduction ...
by dmcmahon
Tue Mar 03, 2015 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Re: Turbotax ESPP sale woes - help!

Sounds like the $25 is likely the comission you paid - should show up in the transaction statement. Cashless stock option sales usually end up as a loss on schedule D for the amount of the commission (what you made is already included as part of you income on your w2 - but the commission deduction ...
by dmcmahon
Tue Mar 03, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Re: Turbotax ESPP sale woes - help!

I think I clicked an "ESPP" checkbox then a box that said something like "manually enter the data (I have all the data)" or something to that effect. Deleted the transations and re-entered them, this time using step-by-step. I dug out form 3922 from two years to get the bits and...
by dmcmahon
Mon Mar 02, 2015 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Re: Turbotax ESPP sale woes - help!

When you are done - Column “e” on form 8949 will have the adjusted amount from your 1099-B which is likely to be a larger cost basis. Thanks, I'll check this but I think this is where it's gone wrong. To do this in turbotax “Step-by-Step” mode you can click the checkbox “Add More Details” under eac...
by dmcmahon
Mon Mar 02, 2015 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Re: Turbotax ESPP sale woes - help!

Initially, I took the path where I said I had all the info and would enter manually. It didn't end well. I had better luck when I followed the TT recommendation to walk me through it. I then gave it all the "variables" it asked for and it calculated the compensation and gain/loss, which I...
by dmcmahon
Mon Mar 02, 2015 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Re: Turbotax ESPP sale woes - help!

How would I know if the ESPP ordinary income was included in my w2? I've never really understood this, so it is possible I have been double counting income this whole time. On my W2, I see a line item in one of the boxes that has a figure exactly the same as the compensation element calculated by h...
by dmcmahon
Mon Mar 02, 2015 10:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Re: Turbotax ESPP sale woes - help!

I never use the ESPP feature of TT. I just treat it as a normal stock sale. I sell ESPP shares immediately; therefore, I don't have to think about the tax rules for qualified dispositions. I enter the 1099-B with the incorrect cost basis. I then put in an adjusted basis, so I don't get double taxed...
by dmcmahon
Sun Mar 01, 2015 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Turbotax ESPP sale woes - help!

I'm trying to enter an ESPP sale without being double-taxed on the compensation element. This is the portion of the gain that is taxed as ordinary income, and that's already been reported on my W2. If I enter the transaction as an ordinary stock sale and use the adjusted (higher) cost basis (helpful...
by dmcmahon
Sun Mar 01, 2015 6:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1244

Re: Is Risk Real?

The only risk I care about is not having enough money to sustain my retirement. All other risk measures -- for instance, standard deviation and drawdowns -- are helpful to get a good sense of how a portfolio fits together, but they aren't my direct measure of risk. I view risk with a time horizon o...
by dmcmahon
Sun Feb 08, 2015 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3873

Re: Your Future According to Yale Star Robert J. Shiller

I don't see how Facebook's existence detracts from GM's business, so I don't get the point of the comparison. These are new products and services. Sure, the number of people employed is small, but those folks wouldn't be building cars even if Facebook didn't exist, and of course anyone can share in ...
by dmcmahon
Sun Feb 08, 2015 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: Your Future According to Yale Star Robert J. Shiller
Replies: 86
Views: 10460

Re: Asness: Why individual bonds are no safer than bond fund

Are they selling bonds before maturity as a matter of policy? Yes. And this is a good thing. I don't want my Intermediate Treasury fund to hold Treasuries below 3 years with yields (not coupons) below 1% when I have 1% savings accounts available. In a rising rate environment such a policy gives me ...
by dmcmahon
Tue Jan 13, 2015 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Asness: Why individual bonds are no safer than bond funds
Replies: 59
Views: 3022

Re: Asness: Why individual bonds are no safer than bond fund

I always wonder about the internals of funds. Are they selling bonds before maturity as a matter of policy? Am I going to get unexpected cap gains distributions that I didn't really benefit from if older shareholders sell out? Etc.
by dmcmahon
Mon Jan 12, 2015 8:10 pm
 
Forum: Investing - Theory, News & General
Topic: Asness: Why individual bonds are no safer than bond funds
Replies: 59
Views: 3022

Re: "2015 Tax Brackets, Standard Deduction, and Other Update

I think even the AMT is now indexed to inflation because it began hitting the middle class, for whom it was not intended. Not quite true. The exemption is indexed, but the brackets aren't, including the phaseouts. So the AMT will also slowly get worse if you live in a state with a high income tax -...
by dmcmahon
Mon Dec 01, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: "2015 Tax Brackets, Standard Deduction, and Other Updates
Replies: 13
Views: 2652

Re: Why do we like dividends?

They provide income that seems a bit steadier than being forced to sell securities with attendant tax consequences. Dividends don't have tax consequences? Dividends are not involuntary taxable events, historically generally at higher rates than capital gains? L. I was thinking about being forced to...
by dmcmahon
Fri Nov 28, 2014 11:42 pm
 
Forum: Investing - Theory, News & General
Topic: Why do we like dividends?
Replies: 114
Views: 9885

Re: Why do we like dividends?

They provide income that seems a bit steadier than being forced to sell securities with attendant tax consequences. They make shares at least partially self-liquidating, making rebalancing a tad easier since on average the stock side is more likely to be the side you balance away from. They let me d...
by dmcmahon
Fri Nov 28, 2014 9:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why do we like dividends?
Replies: 114
Views: 9885

Re: How did you handle the 2008 bear market ?

Answer: Balvenie I came here for solace. I took a hard look at custodians for my assets and moved out of some of them. I sold off some individual munis where I began to doubt the credit quality. I used the crash to realize tax losses while exchanging a grab bag of ETFs for just two Vanguard funds, g...
by dmcmahon
Tue Nov 25, 2014 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 79
Views: 7582

Re: When did you hear of Bill Miller and Legg Mason Value Tr

nisiprius wrote:The poll results don't support my hypothesis, do they? I hate it when that happens.


Noting the big spike in 2008, your poll supports the Warren Buffet theory - "When the tide goes out, you see who's been swimming naked."
by dmcmahon
Thu Aug 21, 2014 11:40 pm
 
Forum: Investing - Theory, News & General
Topic: When did you hear of Bill Miller and Legg Mason Value Trust?
Replies: 32
Views: 2564

Re: How the rich stay/get richer??

Once you include the effects of inflation it might be quite difficult to grow a nest egg in real terms, unless your expenses are a smallish fraction of the yield. Throw in taxes and it gets harder still. Throw in some bonds and it's harder still.
by dmcmahon
Tue Aug 19, 2014 10:47 pm
 
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 5509

Re: "Why no one should use brokerage accounts" Really?

The SIPC is a private insurer. I personally do take the possibility of a brokerage failure quite seriously. After the MF Global failure, even more so. During the financial crisis I bailed out of my previous broker, a large and well known institution, in 2007' because I'd become concerned about its e...
by dmcmahon
Sun Jul 27, 2014 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: "Why no one should use brokerage accounts" Really?
Replies: 10
Views: 1491

Re: SEC Adopts Money Market Fund Reform Rules

It is about time that investors who buy money market securities through mutual funds bear the risk of those securities. Ron Sure - just let individuals and companies have accounts at the Fed to hold their cash, and I'll agree. Until then, can't agree with this thinking. You might just as easily say...
by dmcmahon
Fri Jul 25, 2014 8:12 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 3433

Re: SEC Adopts Money Market Fund Reform Rules

Who has money in money markets anymore? Alas, me. Two of my accounts can't be swept to an FDIC account for reasons I don't understand. Schwab's default sweep is to an MM accounts though I can freely move cash to/from a linked checking account. But this means I'm exposed to MM fluctuations, should t...
by dmcmahon
Fri Jul 25, 2014 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 3433

Re: Vanguard not vigilant about taxes?

What if Medtronic was bought by a larger US company? Wouldn't the shareholders still have to pay capital gains tax on the acquisition price? Yes. So why doesn't the New York Times feel that mutual fund shareholders are "paying the price" when a domestic company acquired another one? I sus...
by dmcmahon
Wed Jul 23, 2014 9:49 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard not vigilant about taxes?
Replies: 15
Views: 1817

Re: Any Bogelheads get involved in private equity?

If you could be a general partner. You almost can by buying publicly traded alternative asset management companies. You can own shares of KKR & CO L.P, which is the GP in KKR's private equity funds. GPs might have liability exposure that LPs do not. And the carried interest rules aren't some ma...
by dmcmahon
Wed Jul 09, 2014 12:35 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads get involved in private equity?
Replies: 31
Views: 3701

Re: Any Bogelheads get involved in private equity?

Watch out for headaches at tax time. They may not be worth the trouble if the investment is a small fraction of your net worth.
by dmcmahon
Fri Jul 04, 2014 8:51 am
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads get involved in private equity?
Replies: 31
Views: 3701

Re: The Risk of Short-term Bond Funds

As far as missing the returns from intermediate term bonds...big deal! The returns I missed are not enough to get excited about. Amen. The paltry returns don't seem adequate for the risk undertaken - you could wait years at these rates to recover from an 8% drop, should one occur. But congrats to t...
by dmcmahon
Thu Jul 03, 2014 1:34 pm
 
Forum: Investing - Theory, News & General
Topic: The Risk of Short-term Bond Funds
Replies: 154
Views: 13837

Re: WSJ article on ROTH 401K's vs Traditional

I must be missing something re. the "extra" 28% argument. Why can't you put the cash you would have paid in tax into regular taxable investments and then when the time is right use it to pay the tax on a conversion to Roth either in service or after retirement? Especially for the older wor...
by dmcmahon
Tue Jul 01, 2014 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ article on ROTH 401K's vs Traditional
Replies: 48
Views: 4758

Re: The IPO is dying - Marc Andreessen

Well there are regulatory hassles that many such companies view as an unnecessary headache and expense when they're small.
by dmcmahon
Mon Jun 30, 2014 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: The IPO is dying - Marc Andreessen
Replies: 16
Views: 1507

Re: to Muni, or not to Muni - that is the question

ps56k wrote:...but now pushing up into 28% bracket.
However, our Effective Tax Rate has remained right around 10%


IMO the effective rate is a red herring - for incremental "what-if" decisions like this the marginal rate is what matters.
by dmcmahon
Sun Jun 22, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: to Muni, or not to Muni - that is the question
Replies: 10
Views: 1788

Re: Bogleheads 2014 Hedge fund contest

Yes can we please get the AAPL split into the data? Added to my disastrous TSLA short, it's embarrassing!
by dmcmahon
Wed Jun 11, 2014 8:17 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 160
Views: 16769

Re: Nasdaq 100 - Why not ?

They're both kind of silly indexes since the common theme of both is stocks that trade on a particular exchange. Why does that matter? Not a good way to build an index or invest. +1 If you want to make a sector bet on tech, why would you use a basket of stocks, some of which are non tech companies ...
by dmcmahon
Wed Jun 11, 2014 12:14 am
 
Forum: Investing - Theory, News & General
Topic: Nasdaq 100 - Why not ?
Replies: 9
Views: 571

Re: What happened if you had used CAPE to time the market?

Look at the unreaptable bull market in bonds on that graph. Now imagine the bond line for the next 20 years as a flat line, and then consider what effect that'll have on the timing results.
by dmcmahon
Tue Jun 10, 2014 11:04 pm
 
Forum: Investing - Theory, News & General
Topic: What happened if you had used CAPE to time the market?
Replies: 20
Views: 1812

Re: The 2 comma paradox

This happened to me during the 2008 crash. The bigger you are, the harder you fall. In my case, the large size of my portfolio meant that I was absorbing losses that would take years of after tax earnings to replace. Worse than that was the thought that I had less years of such work earnings to repl...
by dmcmahon
Mon Jun 09, 2014 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 15212

Re: Poll: Luxury and Happiness

I buy things that might be considered luxury items when I get (or think I get) a better value for money. So in me you have the apparent contradiction of a guy walking out of the grocery store with a bag full of store brand and sale items and throwing it into the back of a Lexus. In no particular ord...
by dmcmahon
Mon Jun 09, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Luxury and Happiness
Replies: 141
Views: 9436

Re: Schwab: interesting failure that can cost clients $

Schwab's system doesn't seem to be capable of doing specific lot identification via their UI. This isn't true. I'm not sure about mutual funds since I don't own any, but it's easy to do specific lot identification when selling shares of stocks or ETFs. On the "trade" panel where you enter...
by dmcmahon
Fri Jun 06, 2014 4:57 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab: interesting failure that can cost clients $
Replies: 19
Views: 3357

Re: Schwab: interesting failure that can cost clients $

Schwab's system doesn't seem to be capable of doing specific lot identification via their UI. I've managed to work around this by changing the default method as needed and I always check it and/or reset it a few days before an anticipated trade. Usually I can find one of the settings that will resul...
by dmcmahon
Tue Jun 03, 2014 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab: interesting failure that can cost clients $
Replies: 19
Views: 3357

Re: How diversified is the Larry Portfolio

Seems like the LP assumption that the factors will persist. If they don't, or change significantly, couldn't this adversely impact the math behind it?
by dmcmahon
Tue May 27, 2014 8:13 pm
 
Forum: Investing - Theory, News & General
Topic: How diversified is the Larry Portfolio
Replies: 40
Views: 3966

Re: Lawyer recommends trust

I have a trust but it's not to exert control over the money after I'm gone - it's to make sure my heirs get almost immediate control of the assets without waiting for probate, as well as to avoid very significant probate costs (which are by California law a percentage of the assets).
by dmcmahon
Mon May 12, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Lawyer recommends trust
Replies: 81
Views: 5611
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