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Re: Tax loss harvesting in excess of $3000

Capital losses can not be used against dividends, only capital gains or 3k of income per year. The only reason to sell more than 3,000 of losses in a year is 1) so that you don't lose the opportunity to tax loss harvest and 2) so you can carry it forward to future years. I don't think there is a str...
by jdilla1107
Fri Dec 19, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting in excess of $3000
Replies: 15
Views: 1209

Re: Tax-inefficient total return investing ideas

The better thing to do here is convert traditional 401ks and iras to Roth ira. That should generate plenty of "income". I would do this up until the 25% tax bracket.
by jdilla1107
Thu Dec 18, 2014 6:07 pm
 
Forum: Investing - Theory, News & General
Topic: Tax-inefficient total return investing ideas
Replies: 5
Views: 451

Re: Bond Fund vs CDs - which to use?

Make sure you understand how bond funds can return much more than their stated SEC yield through riding the yield curve. CDs don't get this potential benefit. https://www.bogleheads.org/forum/viewtopic.php?t=132601&f=10 I use CDs with low break penalties when I need liquidity (eg: emergency fund...
by jdilla1107
Thu Dec 18, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Fund vs CDs - which to use?
Replies: 41
Views: 2690

Re: Bond fund that pays no taxable interest?

Note that right now EE bonds are yielding more than a full percentage point over a 20 year treasury. (2.45% vs 3.53%)

Over 20 years on $100,000, this comes out to an extra $38,000 in interest. In addition, the interest is tax deferred, which for some people (me) is as good as tax free.
by jdilla1107
Sat Dec 13, 2014 7:40 pm
 
Forum: Investing - Theory, News & General
Topic: Bond fund that pays no taxable interest?
Replies: 12
Views: 1468

Re: Bid-Ask spread

>So I put a limit on the offer at $24.45. You didn't put a limit on the offer. You put a limit order between the bid and offer (24/25). The "last price" is the price of the last execution between a buyer and seller. It's a data point from the past. The Bid/ask are the current best order pr...
by jdilla1107
Sat Dec 13, 2014 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bid-Ask spread
Replies: 7
Views: 816

Re: Bond fund that pays no taxable interest?

A zero coupon bond does not defer taxes. You have to pay taxes every year on the imputed income:

http://www.sec.gov/answers/zero.htm

If you want to avoid taxes, your best choices are EE bonds, I bonds, and muni bonds.
by jdilla1107
Tue Dec 09, 2014 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Bond fund that pays no taxable interest?
Replies: 12
Views: 1468

Re: Is the Boglehead Consensus on Long Bonds still Negative?

Vanguard Total Bond Market Index Fund has about15% of its bonds in long term bonds. Consider that as a starting point.
by jdilla1107
Tue Dec 09, 2014 5:47 pm
 
Forum: Investing - Theory, News & General
Topic: Is the Boglehead Consensus on Long Bonds still Negative?
Replies: 29
Views: 3182

Re: Valuation of EE Savings Bonds

When looking at EE bonds, you have to separate the following things: (people on this forum constantly intertwine them which is unhelpful) 1) The risk of long term bonds in general 2) The benefits of EE bonds over a 20 year treasury bond Much of this thread is discussing #1 yet many people hold long ...
by jdilla1107
Thu Nov 27, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Valuation of EE Savings Bonds
Replies: 48
Views: 3722

Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

HR Block Deluxe is only $45.

Edit: It's only $30 on amazon
by jdilla1107
Sat Nov 22, 2014 11:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 140
Views: 16763

Re: Making money/career in Trading

I've worked in the financial trading space trading space for 10+ years. Poker is similar because: - You have to keep your emotions in check and not let them get in the way of making good decisions. - You have to understand risk/reward well. - You often times have to make complex decisions quickly an...
by jdilla1107
Sat Nov 22, 2014 5:55 pm
 
Forum: Investing - Theory, News & General
Topic: Making money/career in Trading
Replies: 25
Views: 2470

Re: Advise Needed: Unique Situation At workplace

HR is not your friend. I agree 100%. HR is there to protect the company, and is not a friend of the employee. However, if you can't convince someone in HR that your boss is the problem, then maybe you have to be honest with yourself and consider that you are (part) of the problem. Or more likely, m...
by jdilla1107
Sun Nov 16, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Unique Situation At workplace
Replies: 28
Views: 3967

Re: Advise Needed: Unique Situation At workplace

The worst thing this person can do is let it fester and then have frustrations come out at bad times. This person should sit down with the boss one on one and share how they feel about these situations. If that conversation goes poorly, then ask someone from HR to sit in on the next conversation. Th...
by jdilla1107
Sun Nov 16, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Unique Situation At workplace
Replies: 28
Views: 3967

After tax 401k rollover

Real situation, fake numbers for my understanding. Say that I have: Traditional IRA: $100k 401k balance of $80K pre-tax and $20k after tax (not roth, but after-tax) The 20k after tax has only $200 in earnings and I recently quit my job. If I rollover the 80K to the traditional IRA and the 20k to a R...
by jdilla1107
Thu Nov 13, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: After tax 401k rollover
Replies: 1
Views: 169

Re: iBonds at zero % fixed

I know the mechanics of ibonds. Fixed and variable interest rates. Returns as good as inflation. Tax free interest. The interest on I bonds is not tax free, its tax deferred. Tax deferred can be as good as tax free depending on your situation. Imagine someone is a high tax bracket now who takes ear...
by jdilla1107
Sat Nov 08, 2014 11:45 am
 
Forum: Investing - Theory, News & General
Topic: iBonds at zero % fixed
Replies: 84
Views: 9342

Re: How to describe HSA tax advantage return

Some muni bond funds will say "tax equivalent yield" to describe something like what you are describing. However, whether or not this is misleading depends on what you are going to do with the term. If you are trying to work it out in your own mind, you have the idea right. If you are goin...
by jdilla1107
Wed Nov 05, 2014 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to describe HSA tax advantage return
Replies: 2
Views: 449

Re: How do you automatically rebalance?

I use google spreadsheets, which is nice because you can put this in one cell:

=GoogleFinance("VFIJX")

your number of shares in another, and then multiply them to get your net dollar value. For things like 401k in a non-public fund, I just key in the dollar value every 3-6 months.
by jdilla1107
Wed Nov 05, 2014 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you automatically rebalance?
Replies: 34
Views: 2382

Re: Intermediate Bond ETF's

MUB has 45% of it's maturities >= 15 years and 60% >= 10 years. That seems to make it longer than intermediate to me.
by jdilla1107
Wed Oct 29, 2014 7:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intermediate Bond ETF's
Replies: 9
Views: 835

Re: Zero Sum Game or Not?

The swap market swallows the alpha that you refer to. Why would anyone sell this swap if doing so generated negative 1.5% alpha? This is just trading one risk for another and there is no alpha. If there was alpha that was so obvious, it would be arbitraged away immediately. Google "cost of carr...
by jdilla1107
Thu Oct 02, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: Zero Sum Game or Not? [PIMCO IndexPLUS funds]
Replies: 8
Views: 961

Re: Why do people buy annuities?

Hmm, remember if you have sold half your TIPS at 12.5 years, then you are then getting half the dividends.

Your math isn't right.
by jdilla1107
Fri Sep 26, 2014 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 50
Views: 4153

Re: POLL: Would you rather work half as long or half as ofte

I would love 2, but I have to settle for 1. :happy

2 is very hard to find.
by jdilla1107
Thu Sep 25, 2014 11:27 am
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 4518

Re: Should I get a HSA? (Health Savings Account)

An HSA is better than a traditional 401k/IRA. - HSA avoids FICA taxes, TIRA does not. (If you max social security, then that doesn't help, but you still save a bit on medicare tax) - HSA is tax deductible in and tax free out if used for qualified medical expenses. TIRA is taxed on withdrawl. - HSA b...
by jdilla1107
Thu Sep 25, 2014 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I get a HSA? (Health Savings Account)
Replies: 14
Views: 1151

Re: VNQI name anomaly on Google Finance

Google does not try at all with google finance. I know that they considered taking on yahoo finance and others several years ago and decided to not focus attention there. The thing is barely maintained and has been deemed good enough to get some traffic. It's pretty sub-par at this point as they hav...
by jdilla1107
Wed Sep 24, 2014 8:25 pm
 
Forum: Investing - Theory, News & General
Topic: VNQI name anomaly on Google Finance
Replies: 8
Views: 753

Re: My IPS and rebalancing

It sounds as though your contributions are significant compared to your portfolio size. That 5% rule is often assumed to apply to a larger portfolio where contributions are relatively insignificant. How about write it as, "I will rebalance when my AA is far off enough that X months of new contr...
by jdilla1107
Wed Sep 24, 2014 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: My IPS and rebalancing
Replies: 12
Views: 1156

Re: Vanguard Reaches $3 Trillion In Assets, matching Hedge F

At a .05% ER, that's 1.5 billion in fees a year.
by jdilla1107
Fri Sep 19, 2014 7:47 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Reaches $3 Trillion In Assets, matching Hedge Funds
Replies: 12
Views: 1551

Re: Why Invest in Bonds in your early 30s?

The absolute amounts matter here. Let's say in your early 30s you have <=10% of what you will need to retire. Going 100% equities seems fine to me. At this low level, having bonds is pretty much just for discipline. If you lose 50% of your portfolio, you have only lost 5% of what you will need event...
by jdilla1107
Wed Sep 17, 2014 11:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Why Invest in Bonds in your early 30s?
Replies: 43
Views: 3809

Re: IEX and Flash Boys

Most firms like Vanguard do not connect directly to exchanges. They use some sort of aggregation service and algorithmic routing to perform trades. There are like 40+ dark pools plus 12 stock exchanges so it can be really expensive to manage all of this themselves. So, these firms use some sort of t...
by jdilla1107
Sat Sep 06, 2014 12:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: IEX and Flash Boys
Replies: 1
Views: 213

Re: So, when does a market timer get back in?

Market timers don't track this and don't expect others to. Market timers usually lie to themselves through bad accounting. It's like the people I know who always make money when they go to Vegas. It's bad accounting and self-delusion. You remember the winners more than the losers and one big win can...
by jdilla1107
Fri Sep 05, 2014 3:28 pm
 
Forum: Investing - Theory, News & General
Topic: So, when does a market timer get back in?
Replies: 54
Views: 5712

Re: struggling to understand "bond crash"

I continue to read about an impending "bond crash" . The articles are never ending. This is your problem. Stop reading the financial press and read something that is not trash. When you see at the grocery store that lizard people are taking over the US government, do you "struggle to...
by jdilla1107
Mon Sep 01, 2014 12:58 pm
 
Forum: Investing - Theory, News & General
Topic: struggling to understand "bond crash"
Replies: 13
Views: 2151

Re: Financial Advisor Compensation

I will give you an example of what I feel is poor execution. I was selling 9 shares of VCSH in my HSA/TDAmeritrade this past week. I submitted a limit order and saw shares trade afterwards at that limit price, but my shares were not sold and my limit order expired unfilled. I submitted another limi...
by jdilla1107
Fri Aug 29, 2014 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 3166

Re: Financial Advisor Compensation

But they can sell their order flow, including yours, to market makers who profit from your poor execution. Basically all the brokers do this these days. I think this area is one in which the system works pretty well . NO ONE can execute an order that is not a the National Best Bid or Offer (NBBO). ...
by jdilla1107
Sat Aug 23, 2014 7:52 am
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 3166

Changing user name

When I joined here, I picked a goofy username to post a single question. I got hooked and now I am staying. I wanted to change my forum name, but it doesn't appear to be an option. Is this possible?
by jdilla1107
Fri Aug 22, 2014 3:44 pm
 
Forum: Forum Issues and Administration
Topic: Changing user name
Replies: 2
Views: 865

Re: Financial Advisor Compensation

If you place trades through your broker, they may skim some of the bid/ask spread or give you a poor execution. This is not legal. Reg NMS states that an order must execute at the price of a displayed market. http://en.wikipedia.org/wiki/Regulation_NMS What this means is that a broker can internall...
by jdilla1107
Fri Aug 22, 2014 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation
Replies: 36
Views: 3166

Re: Has indexing gotten too big?

Capitalism saves us here because as soon as indexing becomes too big the likes of hedge funds, prop trading firms, Carl Icahn, and Warren Buffet will profit big time by making the needed corrections. However, it will never reach the point of being obvious because these groups make CONSTANT correctio...
by jdilla1107
Mon Aug 18, 2014 7:50 pm
 
Forum: Investing - Theory, News & General
Topic: Has indexing gotten too big?
Replies: 10
Views: 1890

Re: Advice to move from Wells Fargo advisor

For ETFs the TDA commission free list covers most of the popular ones: http://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp I consider that to be a list of ETFs than need more assets under management and probably have some marketing arrangement with TD. That is certai...
by jdilla1107
Sun Aug 17, 2014 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2326

Re: Advice to move from Wells Fargo advisor

That is great info. I haven't closed accounts before. Unbelievable that they even charge to leave them... I think that proves that I don't want the advisor anymore.. Is there someone that doesn't charge? And I wasn't thinking of leaving TD... I was going to switch to Vanguard products through TD? A...
by jdilla1107
Sun Aug 17, 2014 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2326

Re: Advice to move from Wells Fargo advisor

I use wells fargo and pay nothing in fees to them, so you wouldn't have to leave wells fargo, just get out of the managed relationship. I think wells fargo is one of the better brokerages I have used, as long as you go the self managed route. Just a thought. I might have done that but it is looking...
by jdilla1107
Sat Aug 16, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2326

Re: Savings Percentage [rules of thumb]

You can drive yourself crazy trying to define what this means exactly. (Like what do you count as savings? what counts as income?) It's better to just either: 1) save as much as you can until it hurts a bit. or 2) Map out exactly how much you want to have in the future, and then glide path backwards...
by jdilla1107
Sat Aug 16, 2014 4:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage [rules of thumb]
Replies: 49
Views: 5811

Re: Advice to move from Wells Fargo advisor

I use wells fargo and pay nothing in fees to them, so you wouldn't have to leave wells fargo, just get out of the managed relationship. I think wells fargo is one of the better brokerages I have used, as long as you go the self managed route. Just a thought.
by jdilla1107
Sat Aug 16, 2014 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice to move from Wells Fargo advisor
Replies: 25
Views: 2326

Re: Admiral Shares

Many Admiral shares are available at Wells Fargo. I currently own VFIDX in an IRA, for example.
by jdilla1107
Mon Aug 11, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares
Replies: 8
Views: 1258

Admiral Shares

Say the admiral amount for a fund I am interested in is 50k. Say I have 20k in Trad Ira, 20k in roth, and 20k in taxable. With a wells fargo brokerage, if I invest 60k across these three accounts, should I be able to convince someone I should be able to get admiral shares?
by jdilla1107
Sun Aug 10, 2014 10:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Admiral Shares
Replies: 8
Views: 1258

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

Given that the market is a zero-sum game, shouldn't we be applauding posts like the OP's? :beer I know that you are joking, but the stock market is no where near a zero sum game. 1) Billions in dividends and earnings are constantly being pumped into the stock market. But, even without this... 2) Le...
by jdilla1107
Sun Aug 10, 2014 12:01 pm
 
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 4835

Re: Moving Average Backtest destroys Buy/Hold. Try for yours

Two samples is not proof of anything. You cherry picked two etfs and two dates. You can demonstrate almost anything in the world by taking billions of data points and doing this. It is a common trick that has been used for 1000s of years to get people convinced of something that is statistically ins...
by jdilla1107
Fri Aug 08, 2014 7:41 am
 
Forum: Investing - Theory, News & General
Topic: Moving Average Backtest destroys Buy/Hold. Try for yourself.
Replies: 59
Views: 4835

Re: HSA Strategy for high income earners

That's what I do. If you can afford it, there is no downside that I am aware of. This strategy is discussed on the wiki:

http://www.bogleheads.org/wiki/Health_s ... _of_pocket
by jdilla1107
Fri Aug 01, 2014 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA Strategy for high income earners
Replies: 79
Views: 6119

Re: Realize gains?

You should definitely do #1 for two reasons: - the 3,000 per year is deducted against your marginal tax rate while using it for gains offsets against the lower long term gains rate. The losses are worth more when used against income. - You can always do 2 later. In fact, if you need to sell in the f...
by jdilla1107
Fri Aug 01, 2014 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Realize gains?
Replies: 2
Views: 445

Re: i bonds or EE bonds?

Since my money market account was paying 5% just a few years ago, scenario (b) isn't that crazy. And life being what it is, neither is scenario (a). You wrote a nice long post about money illusion and then ended it with strong recency bias. EE bonds yield .5% more than 20 year treasuries plus have ...
by jdilla1107
Fri Jul 25, 2014 3:34 pm
 
Forum: Investing - Theory, News & General
Topic: i bonds or EE bonds?
Replies: 46
Views: 6533

Re: The article on tax efficient placement needs to be rewri

Another thing rca1824 forgot is that there is a very big 0% tax bracket on long term gains.

Anyone that plans to retire early should take this into account as well. I have large equity gAins and think I can pay 0% on a big part of it.
by jdilla1107
Wed Jul 23, 2014 5:16 pm
 
Forum: Investing - Theory, News & General
Topic: The article on tax efficient placement needs to be rewri
Replies: 75
Views: 4631

Re: Bond strategy resilient to rate increase

The flaw is that the FOMC really only controls very short term rates and BND will behave more like an intermediate bond. They have very little to do with each other and few people understand this. The vast majority of people do not even understand what it means for "interest rates" to incr...
by jdilla1107
Mon Jul 21, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: Bond strategy resilient to rate increase
Replies: 13
Views: 1643

Re: Should I use my margin to buy bonds?

I am not opposed to buying on margin.. Indeed, we took out a 401(k) loan in order to buy a bond fund in a 529 account. There was no way that that was going to do worse than not taking out the 401(k) loan. Anyways, I think you should go first with this, start a new thread to document your transactio...
by jdilla1107
Thu Jul 17, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Should I use my margin to buy bonds?
Replies: 41
Views: 3914

Re: Brokered CD's vs Bonds

The big thing the pro-CD crowd misses is riding the yield curve. A 5 year CD held for 3 years is then a 2 year CD yielding almost nothing, because you could have sold it for the majority of the remaining interest. http://www.bogleheads.org/forum/viewtopic.php?t=132601&f=10 In addition, brokered ...
by jdilla1107
Fri Jul 11, 2014 7:13 pm
 
Forum: Investing - Theory, News & General
Topic: Brokered CD's vs Bonds
Replies: 33
Views: 3487

Re: Tax Efficiency of Treasuries

Are you really going to have the same marginal tax rate 20 years in the future?
by jdilla1107
Fri Jul 11, 2014 7:54 am
 
Forum: Investing - Theory, News & General
Topic: Tax Efficiency of Treasuries
Replies: 19
Views: 1645
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