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Significant error in investment account

I am trying to reconcile $5K in my investment account. It seems it is an error.

However, I am a firm believer that these type of mistakes rarely occur.

Has anyone ever found this type of error in their investment account?

I am going to contact my brokerage.
by jwblue
Thu Apr 17, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: Significant error in investment account
Replies: 3
Views: 644

Re: Taxes: Changing Social Security number on tax form in Ap

You are not Vanguard, so I wouldn't worry. Besides, if you get things corrected by the broker, you aren't going to issue a 1099. Plus, there is an automatic 30 day extension as I read. For fun, look up what the penalty is for filing your 1099 late with the IRS. It might be $1.98 or $2 million, I do...
by jwblue
Sat Apr 05, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes: Changing Social Security number on tax form in April
Replies: 9
Views: 325

Re: Changing Social Security number on tax form in April

The easiest thing to do would be to change the SSN on the account now. But I wonder if it is too late. Here is what I would do under the circumstances. Both of you file for extensions until October, paying the taxes due now. Ask for the SSN correction and a corrected 1099 from the brokerage. It sho...
by jwblue
Sat Apr 05, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes: Changing Social Security number on tax form in April
Replies: 9
Views: 325

Re: Changing Social Security number on tax form in April

Note that my answer doesn't really answer your question because it assumes both of you know your own SSNs. Since you put your number next to her name, then it doesn't really apply, although I think I would just fake it. Who actually got the 1099? I don't see it in your OP. Appreciate the response. ...
by jwblue
Sat Apr 05, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes: Changing Social Security number on tax form in April
Replies: 9
Views: 325

Taxes: Changing Social Security number on tax form in April

I own an investment account in Joint Tenancy with my sister. My SSN is on the account. This was a mistake. We should have put her SSN. My sister paid all the money into the account. If she claims all the dividends earned in the account on her return she would pay zero taxes. If I claim half as Joint...
by jwblue
Sat Apr 05, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes: Changing Social Security number on tax form in April
Replies: 9
Views: 325

Re: Taxes: Claiming a dependent that receives Social Securit

Do you not believe the IRS? Person's own funds not used for support. A person's own funds are not support unless they are actually spent for support. Example. Your mother received $2,400 in social security benefits and $300 in interest. She paid $2,000 for lodging and $400 for recre­ ation. She put...
by jwblue
Sat Apr 05, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes: Claiming a dependent that receives Social Security
Replies: 2
Views: 186

Taxes: Claiming a dependent that receives Social Security

I have an elderly sister that lives with me. Can I claim her as a dependent if her Social Security payments are more than half of her support? She pays some of her Social Security for food and secondary health insurance premiums. She saves the rest. I am finding conflicting information online. I rea...
by jwblue
Sat Apr 05, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes: Claiming a dependent that receives Social Security
Replies: 2
Views: 186

It it a good investment to repair a leaking faucet?

My mother lives in another state an has a kitchen faucet that is leaking. She will need to hire someone to fix it. It is a single handle and leaking from under the handle. It is also requires more effort than in the past to lift the handle to turn on the faucet. Would it be worth the money to hire a...
by jwblue
Wed Feb 19, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: It it a good investment to repair a leaking faucet?
Replies: 9
Views: 807

What are reliable refrigerator brands these days?

Has anyone done refrigerator shopping lately?

Looking for a side by side without a water dispenser.

What about an Electrolux?

Haier?
by jwblue
Sun Feb 16, 2014 11:03 pm
 
Forum: Personal Consumer Issues
Topic: What are reliable refrigerator brands these days?
Replies: 51
Views: 3760

Re: Buying a new car vs leasing

There isn't really a debate.

The only reason to lease a vehicle is to get the latest and greatest in a car every 2 years. It will cost more money in the long run.

Otherwise, buy and hold until repairs are are too high versus monthly payments of a new vehicle.
by jwblue
Mon Dec 16, 2013 8:32 pm
 
Forum: Personal Consumer Issues
Topic: Buying a new car vs leasing
Replies: 61
Views: 5833

Where can I find charts for international stocks?

Where I can add more than one moving average?
by jwblue
Thu Dec 05, 2013 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: Where can I find charts for international stocks?
Replies: 0
Views: 109

Re: How do multimillionaires have their money insured?

I guess the short answer is that you do not have any "money" in your brokerage accounts. You hold shares of securities. If you do not have a margin account then those shares never get lent out, never leave your account. Thus there is really no need to insure them. The broker is just holdi...
by jwblue
Wed Dec 04, 2013 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: How do multimillionaires have their money insured?
Replies: 10
Views: 2105

How do multimillionaires have their money insured?

How do multimillionaires have their money insured?

I believe brokerage accounts have SIPC insurance up to a $500K value.
by jwblue
Wed Dec 04, 2013 12:52 pm
 
Forum: Investing - Theory, News & General
Topic: How do multimillionaires have their money insured?
Replies: 10
Views: 2105

Is this a bad time to buy a bond fund?

In the near future I want to begin a Boglehead Three Fund Portfolio. However, does the fact that interest rates are all but certain to rise in the near future mean it is unwise to buy a bond fund right now? What could be an alternative? Could I take the money that I was going to put in the bond fund...
by jwblue
Thu Nov 28, 2013 2:19 pm
 
Forum: Investing - Theory, News & General
Topic: Is this a bad time to buy a bond fund?
Replies: 15
Views: 1560

Short squeeze: Plan of action needed

I am investing in a stock overseas. There is talk of a short squeeze in the near future.

I want to be prepared.

When do I sell?

Does the share price always come back a certain percentage from the high?
by jwblue
Mon Nov 11, 2013 9:55 pm
 
Forum: Investing - Theory, News & General
Topic: Short squeeze: Plan of action needed
Replies: 4
Views: 707

Taxes: Share sales (LT vs ST gain and cost)

For this question, the assumption is that today's date is 12.22.13. I bought shares in a stock 3 times in the past year. If sell 1500 shares would part of the sale be considered long term and part short term capital gain? For determining the share cost can I choose between FIFO and average cost? If ...
by jwblue
Wed Oct 23, 2013 2:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes: Share sales (LT vs ST gain and cost)
Replies: 2
Views: 202

Re: Credit card information continues to be stolen

How can these companies not have adequate security? I don't know much about pay terminal or server security, but I am surprised that companies can not combat credit card data theft. Two months ago, when my card was stolen someone bought a video game online and had it mailed to an address other than ...
by jwblue
Wed Oct 16, 2013 12:19 pm
 
Forum: Personal Consumer Issues
Topic: Credit card information continues to be stolen
Replies: 39
Views: 3270

Credit card information continues to be stolen

My credit card information for both AMEX and Chase is continually being stolen. It is happening every six months now.

Admittedly, I do use my card everywhere instead of cash. Is the only thing I can do is stop using my card so often?
by jwblue
Wed Oct 16, 2013 11:31 am
 
Forum: Personal Consumer Issues
Topic: Credit card information continues to be stolen
Replies: 39
Views: 3270

Re: Is a reverse stock split the beginning of the end?

Klein et al wrote a paper examining reverse splits and if it was a viable strategy to short those companies partaking of such http://www.efmaefm.org/efma2006/papers/568563_full.pdf "We examine 1,612 reverse splits from 1962 through 2001 and find a long-run return underperformance for firms beg...
by jwblue
Thu Sep 26, 2013 9:05 pm
 
Forum: Investing - Theory, News & General
Topic: Is a reverse stock split the beginning of the end?
Replies: 10
Views: 1069

Is a reverse stock split the beginning of the end?

It seems there are too many negatives associated with a reverse stock split.

Is it generally the beginning of the end for a company.
by jwblue
Thu Sep 26, 2013 2:41 pm
 
Forum: Investing - Theory, News & General
Topic: Is a reverse stock split the beginning of the end?
Replies: 10
Views: 1069

Re: New 2014 Jeep Wrangler Ordered!

Congratulations.

It is always exciting for me when I buy a new vehicle.
by jwblue
Wed Sep 25, 2013 10:24 pm
 
Forum: Personal Consumer Issues
Topic: New 2014 Jeep Wrangler Ordered!
Replies: 7
Views: 1801

Elliott Wave Theory

I read somewhere that this discipline can be profitable.

Has anyone on this board heard of it or known anyone that had success with it?

The discipline shepwave.com uses is based on it.

http://www.shepwave.com/
by jwblue
Wed Sep 25, 2013 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: Elliott Wave Theory
Replies: 11
Views: 1062

Earnings announcement dates

A company whose stock I was interested in had an earnings announcement date of 09.26.1. On 09.16.13, the company announced sales numbers which were good causing the stock to rise. After the rise, I decided to not buy the stock. How often does a company release financial data for a quarter before the...
by jwblue
Mon Sep 23, 2013 1:28 pm
 
Forum: Investing - Theory, News & General
Topic: Earnings announcement dates
Replies: 2
Views: 325

Share Buybacks Vs. Dividends: Which Is More Beneficial?

The assumption is that the cash flow of a dividend is not needed.

I have read compelling arguments for both.

I am not sure if this is a valid point, but if the share buyback is at a time when shares are overvalued, then a dividend might be better.
by jwblue
Thu Sep 19, 2013 2:25 am
 
Forum: Investing - Theory, News & General
Topic: Share Buybacks Vs. Dividends: Which Is More Beneficial?
Replies: 28
Views: 1682

Re: Does foreign currency provide any type of diversificatio

With the Fed announcement, my USD balance is now $5,091 after beginning with 5K last Friday.
by jwblue
Wed Sep 18, 2013 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Does foreign currency provide any type of diversification?
Replies: 21
Views: 1633

Re: Does foreign currency provide any type of diversificatio

I don't know if this is validation for foreign currency providing diversification.

On Friday, I converted $5,000 USD to SEK.

Even though the entire balance in my account is in SEK, the balance is also shown in USD.

Immediately after the trade, the balance was $4,960.

The balance today is $5,026.
by jwblue
Tue Sep 17, 2013 9:08 pm
 
Forum: Investing - Theory, News & General
Topic: Does foreign currency provide any type of diversification?
Replies: 21
Views: 1633

Brokerages offer same bond for different prices and yields

I thought all that is fixed no matter the brokerage.

The minimum are different as well.

Does it pay to shop around for the same bond?
by jwblue
Fri Sep 13, 2013 12:02 pm
 
Forum: Investing - Theory, News & General
Topic: Brokerages offer same bond for different prices and yields
Replies: 3
Views: 326

Are municipical utility revenue bonds extremely safe?

A lot of them are for water projects.

These bonds offer good interest rates and would seem safe since everyone uses water.

Is default unlikely?
by jwblue
Fri Sep 13, 2013 11:50 am
 
Forum: Investing - Theory, News & General
Topic: Are municipical utility revenue bonds extremely safe?
Replies: 8
Views: 627

Does foreign currency provide any type of diversification?

Do stocks in a foreign currency or foreign currency itself provide any type of diversification in a portfolio?
by jwblue
Mon Sep 09, 2013 4:35 pm
 
Forum: Investing - Theory, News & General
Topic: Does foreign currency provide any type of diversification?
Replies: 21
Views: 1633

Re: ADR dividend payments and ADR fees

It's pretty clear OP is taking about custody fees. ADR custody fees are deductible on Schedule A but only to the extent that your "Job Expenses and Certain Miscellaneous Deductions" exceed 2% of AGI. Yup. Frustrating. Fidelity told me that the dividends are paid net the custody fees, but ...
by jwblue
Thu Sep 05, 2013 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: ADR dividend payments and ADR fees
Replies: 4
Views: 452

ADR dividend payments and ADR fees

This is a question for anyone that has owned an ADR with a dividend. I have a question about ADR (American Depository Receipt) fees. It is my understanding ADR fees are deducted from the dividend payments. Does an investor receive the dividend payment net the ADR fee (i.e. with the ADR fee already d...
by jwblue
Thu Sep 05, 2013 11:18 am
 
Forum: Investing - Theory, News & General
Topic: ADR dividend payments and ADR fees
Replies: 4
Views: 452

Re: Math question related to investing

Customer service is abysmal these days.

So is every 100 points 1%?

So if the fee is 20 basis points, is the fee .2%?
by jwblue
Wed Sep 04, 2013 6:14 pm
 
Forum: Investing - Theory, News & General
Topic: Math question related to investing [Basis Points]
Replies: 8
Views: 582

Math question related to investing [Basis Points]

I contacted Fidelity about this numerous times and was not able to get an answer.

I want to convert USD into SEK. Fidelity charges 100 bp (basis points) as the fee.

If the current exchange rate is 1 SEK = $.15, what will the exchange fee be if I convert $5,000.
by jwblue
Wed Sep 04, 2013 6:06 pm
 
Forum: Investing - Theory, News & General
Topic: Math question related to investing [Basis Points]
Replies: 8
Views: 582

Re: Insider trading

I will contact IR. Thank you.
by jwblue
Thu Aug 29, 2013 9:53 am
 
Forum: Investing - Theory, News & General
Topic: Insider trading
Replies: 4
Views: 552

Insider trading

I understand that this board does not support individual stock trading. I have an investing theory question about insider trading. I own the stock for 5N Plus. http://www.investorpoint.com/stock/VNP%3ACA-5N+Plus+Inc./insider-trades/ Recently an insider who is the CEO and founder sold 3,000,000 share...
by jwblue
Thu Aug 29, 2013 1:52 am
 
Forum: Investing - Theory, News & General
Topic: Insider trading
Replies: 4
Views: 552

Re: Is it 100% certain the market will drop when QE stops?

InvestorNewb wrote:I think it will already be priced in by the time it does stop - if that ever happens.


On one hand I agree with this.

However, how could this be true when the market has exploded the past year? If there was not QE, would the market be up even more?

Ever happens? Could there be QE in perpetuity?
by jwblue
Thu Aug 22, 2013 3:16 pm
 
Forum: Investing - Theory, News & General
Topic: Is it 100% certain the market will drop when QE stops?
Replies: 30
Views: 2221

Is it 100% certain the market will drop when QE stops?

I should clarify.

When it is announced QE will stop.

If so, by how much and for how long? Educated guess of course.
by jwblue
Thu Aug 22, 2013 3:02 pm
 
Forum: Investing - Theory, News & General
Topic: Is it 100% certain the market will drop when QE stops?
Replies: 30
Views: 2221

Is investing in OTC stocks a bad idea?

I want to invest in the Swedish clothing company H&M. There are offering on the Stockholm and US OTC exchanges. Below is information about each. http://www.marketwatch.com/investing/Stock/HMB?countrycode=SE http://www.marketwatch.com/investing/stock/HNNMY Should I spend a little more on fees to ...
by jwblue
Wed Aug 21, 2013 1:53 pm
 
Forum: Investing - Theory, News & General
Topic: Is investing in OTC stocks a bad idea?
Replies: 2
Views: 261

P/E ratio

I understand that on this board this not a lot of discussion about individual stock investing. I would like to understand the basics of P/E ratio. Is a high P/E ratio a reason not to invest in a stock? There is a clothing stock that I want to invest in. I like everything about it. Growth prospects, ...
by jwblue
Sun Aug 18, 2013 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: P/E ratio
Replies: 6
Views: 738

How far into the future are stocks priced based on earnings?

It is my understanding the current price of a stock is based on future earnings.

How far into the future are they based on future earnings?
by jwblue
Thu Jul 25, 2013 11:11 am
 
Forum: Investing - Theory, News & General
Topic: How far into the future are stocks priced based on earnings?
Replies: 3
Views: 301

Investing in individual bonds vs. bond funds

Isn't the advantage of investing in individual bonds and holding to maturity better than investing in bond funds?

Doesn't that eliminate any risk of loss of principal when interest rates rise?

What are some disadvantages?
by jwblue
Sun Jul 07, 2013 5:59 pm
 
Forum: Investing - Theory, News & General
Topic: Investing in individual bonds vs. bond funds
Replies: 21
Views: 1425

Re: Good email program suggestions

Gmail.

A lot of customization options, fast.

Outlook.com is good too.
by jwblue
Tue Jun 25, 2013 12:59 pm
 
Forum: Personal Consumer Issues
Topic: Good email program suggestions
Replies: 41
Views: 2325

Re: Costco Natural Peanut Butter is Back!

Trader Joes Organic Creamy unsalted.

The best PB I have ever had.
by jwblue
Sun Jun 16, 2013 8:54 pm
 
Forum: Personal Consumer Issues
Topic: Costco Natural Peanut Butter is Back!
Replies: 26
Views: 3601

Re: Buy boxes of checks online?

Buy checks? Using bill pay will fulfill any need for a paper check. To paraphrase something I wrote last year... I don't mean for this to sound adversarial, I'm genuinely curious. Do you (or those who are close to or entirely check-free) have school-aged children living at home? I pay everything I ...
by jwblue
Sun Jun 02, 2013 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy boxes of checks online?
Replies: 60
Views: 6262

Re: Buy boxes of checks online?

(delete()
by jwblue
Sun Jun 02, 2013 2:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy boxes of checks online?
Replies: 60
Views: 6262

Re: What the best value in anti-virus software

Avast free edition.

It has spyware protection which most other free antivirus programs don't have.

Been using it for years and never an issue.
by jwblue
Sun Jun 02, 2013 2:14 am
 
Forum: Personal Consumer Issues
Topic: What the best value in anti-virus software
Replies: 63
Views: 4802

Re: Dining out : Special requests

You usually have to do a lot more than make a request at time of ordering to upset a chef to the point they'd risk getting the restaurant shut down over a health violation (unless the restaurant already has a questionable health compliance status, but then you have a whole range of things to worry ...
by jwblue
Sun May 05, 2013 9:41 pm
 
Forum: Personal Consumer Issues
Topic: Dining out : Special requests
Replies: 52
Views: 3085

Re: Dining out : Special requests

I am of the view that reasonable requests like holding a sauce, cheese, or light on the oil should be honored when possible . And that if they cannot be honored the waiter/chef should explain that clearly up front. That said, the more special requests you make the less likely you are going to get t...
by jwblue
Sun May 05, 2013 9:04 pm
 
Forum: Personal Consumer Issues
Topic: Dining out : Special requests
Replies: 52
Views: 3085
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