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Re: My college son's investment in Merril Lynch

What to invest in? What will the money be spent on? I would just let my kids decide what to invest in --- as long as it was a Vanguard Target Retirement or Life Strategy fund. :)
by livesoft
Thu Oct 30, 2014 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: My college son's investment in Merril Lynch
Replies: 12
Views: 965

Re: Individual investors behaving badly

Thanks for the summary of the research. I can see some support for the RBD strategy discussed on the Bogleheads forum in your summary since it is basically the opposite of what was described for retail investors on average.
by livesoft
Thu Oct 30, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Individual investors behaving badly
Replies: 12
Views: 1903

Re: Best approaches to accumulating in a down market

There is probably no best way because different ways work at different times. One thing though is that one has to make purchases when everyone else is saying things like "What down market?" or "Stay the course" or "OMG! Should I sell now?" For instance, did you make pur...
by livesoft
Wed Oct 29, 2014 9:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best approaches to accumulating in a down market
Replies: 20
Views: 1468

Re: How are you supposed to move a 401k

There are techniques. Basically, your 401(k) went to cash, so on that day you have to exchange from fixed income to equities in your other accounts. Got no other accounts? Hmmm.
by livesoft
Wed Oct 29, 2014 7:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: How are you supposed to move a 401k
Replies: 17
Views: 803

Re: Fidelity Mutual Fund Strategy?

FTBFX is not an index fund. It does not have a low-expense ratio and is actively managed, so I would not recommend it. Instead use FBIDX or FSITX. As for the $2500 minimum, a way around that is to not start with all the funds at once. Instead, start with one fund, then add another, then another, etc.
by livesoft
Wed Oct 29, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Mutual Fund Strategy?
Replies: 11
Views: 753

Re: My college son's investment in Merril Lynch

….How does the $17000 get calculated? Can you show me the math? Vanguard website only offers the chart starting from 2004. Is there some number I can use on Vanguard? I would like to compare all the funds the boys have with Vanguard funds. Go to morningstar.com. Get quote for VBIAX. Click on "...
by livesoft
Wed Oct 29, 2014 5:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: My college son's investment in Merril Lynch
Replies: 12
Views: 965

Re: Intermediate Bond ETF's

I own VCSH and have owned BIV. I also own VSCSX and FSITX and FBIDX and VFIJX. I recommend them all.
by livesoft
Wed Oct 29, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intermediate Bond ETF's
Replies: 6
Views: 504

Re: Fidelity Mutual Fund Strategy?

Choose from the funds listed here: http://www.bogleheads.org/wiki/Fidelity after deciding upon your asset allocation and writing down your investing policy statement.
by livesoft
Wed Oct 29, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Mutual Fund Strategy?
Replies: 11
Views: 753

Re: QE Ending, how does it affect Total Bond Fund?

Today, the fund will drop about 0.2%. Then life will go on as usual. One also has to realize that the fund has been on a tear for the past month as equities have suffered. Anytime a bond fund gives one 1.5% or more in a month, it's good.
by livesoft
Wed Oct 29, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: QE Ending, how does it affect Total Bond Fund?
Replies: 8
Views: 1221

Re: Asset Location

You can be a diehard passive investor, but there are times when you want to make changes to the component holdings. On average in my RIA firm, I see this every five years or so. Presumably, one has been diligently tax-loss harvesting equities in a taxable account, thus one can make changes in the c...
by livesoft
Wed Oct 29, 2014 3:32 pm
 
Forum: Investing - Theory, News & General
Topic: Asset Location
Replies: 13
Views: 631

Re: My college son's investment in Merril Lynch

What kind of accounts are these really? Are they UGMA, UTMA, 529? Or are they simply owned by FIL with his name on the accounts? If they are UGMA or UTMA, then I would sell up to the limit of not paying any taxes this year on the gains, then the same next year, and so on until they are all sold. One...
by livesoft
Wed Oct 29, 2014 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: My college son's investment in Merril Lynch
Replies: 12
Views: 965

Re: Tools for Balancing and Re-Balancing Portfolio

Stop reading the WSJ. Get a book or two from the reading list at Bogleheads. Read the books.

Solid investing is not based on the column du jour in the WSJ. You will also have to learn to think for yourself.
by livesoft
Wed Oct 29, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tools for Balancing and Re-Balancing Portfolio
Replies: 10
Views: 590

Re: How to teach kids about Bogleheads

My kids are old enough to have Roth IRAs. Here's how I taught them: Whenever we are in the same room watching TV and a financial services commercial appears, I express my opinion and say "Whenever you decide to invest, come ask me and I will help you invest in index funds instead of the high fe...
by livesoft
Wed Oct 29, 2014 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach kids about Bogleheads
Replies: 7
Views: 940

Re: AA canceled flight: premium seat fee not refunded

Here's a tip: Don't ever pay for a premium seat, but still sit in a premium seat without paying. Here's how I do it: I buy my ticket for cheap seat, then the day before the flight, I look online and change my seat assignment to a premium seat at no charge. Presumably, AA put you on another flight wh...
by livesoft
Wed Oct 29, 2014 1:35 pm
 
Forum: Personal Consumer Issues
Topic: canceled flight on AA: premium seat fee not refunded
Replies: 29
Views: 1819

Re: Tools for Balancing and Re-Balancing Portfolio

Just a note: Most exchange-traded funds (ETFs) are index funds. I don't think one should own some stocks outside of mutual funds and ETFs. I think rebalancing is easy and not something to worry about once one decides on an asset allocation (AA). Also, rebalancing is not an exact science. One really ...
by livesoft
Wed Oct 29, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tools for Balancing and Re-Balancing Portfolio
Replies: 10
Views: 590

Re: A Challenge for Bogleheads - the market has changed

I would not purchase just large-caps such as the two ETFs you have selected. I would set up a more diversified asset allocation plan and follow it. Are you aware that since the recent lows, some things like VTI and VBR are up 6% to 8%? That kind of return is close to the expected average annual retu...
by livesoft
Wed Oct 29, 2014 8:21 am
 
Forum: Investing - Theory, News & General
Topic: A Challenge for Bogleheads - the market has changed
Replies: 43
Views: 3538

Re: A Challenge for Bogleheads - the market has changed

I'm not sure what is described as not working is the Boglehead philosophy. The link posts suggest that one never sells, but only buys and holds. Whatever happened to Buy, Hold, and Rebalance? For those that don't catch this: Half of rebalancing is selling.
by livesoft
Wed Oct 29, 2014 6:58 am
 
Forum: Investing - Theory, News & General
Topic: A Challenge for Bogleheads - the market has changed
Replies: 43
Views: 3538

Re: Checking monthly - may not even notice the October "cras

Noise? Or Rebalancing Opportunity? Tax-Loss Harvesting Opportunity?

Time will tell.
by livesoft
Wed Oct 29, 2014 4:17 am
 
Forum: Investing - Theory, News & General
Topic: Checking monthly - may not even notice the October "crash"
Replies: 41
Views: 2673

Re: fleeced by an adviser, is there a recourse?

subham wrote:[…] While the market tripled since 2008, ...

Since 2008, the market has not tripled. Indeed, international stocks as represented by VTIAX (total international stock index) are up only 70% and the US total stock market index is up only 160%. The S&P500 is up about 150%.
by livesoft
Tue Oct 28, 2014 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 70
Views: 5989

Re: Back of the envelope recommendation requested

Tax rate could be nearly zero with $120K of expenses. See, e.g., viewtopic.php?t=87471
by livesoft
Sun Oct 26, 2014 7:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back of the envelope recommendation requested
Replies: 19
Views: 1451

Re: Is this a low amount of trading?

At my US brokers, 53.53 x 2000 means that 2000 shares are offered. The 2000 could simply be a computer program though and if one submitted a buy, the computer (due to high frequency trading) could see your bid before it reached the exchange and then change its offer to be 53.53 x 100 or 54.00 x 2000...
by livesoft
Sun Oct 26, 2014 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a low amount of trading?
Replies: 2
Views: 397

Re: Bogleheads.org equivalents for other areas of life?

There are other areas of life??
by livesoft
Sun Oct 26, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads.org equivalents for other areas of life?
Replies: 69
Views: 6505

Re: where to house an inherited IRA/403b

ML Edge at your local Bank of America, but I don't know if that counts as a "local office" to you. I have accounts at two places with a local office: TDAmeritrade and Fidelity. I'd recommend TDAmeritrade over Fidelity because TDAm has Vanguard ETFs for no commission. OTOH, Fidelity has Spa...
by livesoft
Sun Oct 26, 2014 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: where to house an inherited IRA/403b
Replies: 6
Views: 643

Re: Back of the envelope recommendation requested

If you have been comfortable with 75/25, then I would stick with it. If you are not comfortable, try 70/30 for a while. If still not comfortable, try 65/35. I found that even a small 5% change is significant psychologically and behaviorally.
by livesoft
Sun Oct 26, 2014 1:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back of the envelope recommendation requested
Replies: 19
Views: 1451

Re: Asset allocation in inherited IRA's

Another point … for small IRAs the RMDs may drop the value of the IRA to below Admiral class eligibility. That happened to my spouse's inherited IRA and thus the IRA could not be invested in an Admiral share class fund at some point. So the IRA was exchanged from a bond fund into an equity fund in t...
by livesoft
Sun Oct 26, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation in inherited IRA's
Replies: 11
Views: 686

Re: Do I need a "tax-managed" portfolio?

Since you mention Merriman and DFA, I think you need to read the Trev H thread: Ultimate Buy and Hold, Simplified which discusses a modern simplified (and tax-efficient) version of the Merriman ideas. After you read the thread, are you still going to follow Merriman -- or are you going to follow Tre...
by livesoft
Sun Oct 26, 2014 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Do I need a "tax-managed" portfolio?
Replies: 10
Views: 1239

Re: Asset allocation in inherited IRA's

Since one has to take the RMD out and be taxed on it every year, I have a small inherited IRA invested in total bond index, so that the RMDs do not grow that much over the years. The IRA just folds into to my overall asset allocation even though it is in "set-and-forget" mode with its sing...
by livesoft
Sun Oct 26, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset allocation in inherited IRA's
Replies: 11
Views: 686

Re: UGMA beneficiary trying to access funds

As I recall, when my oldest reached age 21, American Century which was the location of the UGMA notified her that her account had been switched to an individual account.
by livesoft
Sun Oct 26, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: UGMA beneficiary trying to access funds
Replies: 29
Views: 2226

Re: ITOT vs. VTI

Nope, not enough difference to matter to most folks.
by livesoft
Sun Oct 26, 2014 10:47 am
 
Forum: Investing - Help with Personal Investments
Topic: ITOT vs. VTI [iShares Total US Stock ETF vs. Vanguard]
Replies: 14
Views: 849

Re: How to invest inheritance

Incorporate the money into your asset allocation plan that you already have. Or is there something wrong with your existing plan?

BTW, investing in index mutual funds will probably be the most tax-efficient thing one can do besides simply losing money which would be more tax efficient.
by livesoft
Sat Oct 25, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest inheritance
Replies: 3
Views: 704

Re: Ham and Egger's Theory? [Buy small cap when under-perfor

Set an asset allocation. Follow the plan. Rebalance as needed, so that would probably mean buying some more small-cap when it underperforms to get back to your asset allocation. Don't forget to sell some small-cap when it overperforms. Rinse. Repeat. Carry on and rebalance occasionally.
by livesoft
Sat Oct 25, 2014 12:09 pm
 
Forum: Investing - Theory, News & General
Topic: Ham and Egger's Theory? [Buy Whatever Cap Size is lagging) ]
Replies: 38
Views: 3045

Re: Question on Selling After Tax Funds

Let's say you buy Fund A (Bond fund) and hold it for one month and then transfer it to Fund B (Bond B). The short term gain is minimal however is this a taxable event that triggers tax on the full amount transferred? Any net realized short-term gains are taxed as ordinary income. So the full amount...
by livesoft
Sat Oct 25, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: Question on Selling After Tax Funds
Replies: 15
Views: 548

Re: Question on Selling After Tax Funds

Rob54keep wrote:I can see I need to be very careful on my use of words. I meant that the funds (being sold & bought) are held in a mutual fund [an account] that is not tax deferred or tax free.
by livesoft
Sat Oct 25, 2014 9:52 am
 
Forum: Investing - Theory, News & General
Topic: Question on Selling After Tax Funds
Replies: 15
Views: 548

Re: Question on Selling After Tax Funds

Rob54keep wrote:Yes it can be confusing.
In my example, I am only referring to an After-Tax Fund...period.

There is probably no such thing as an "After-Tax Fund", since the same fund can be held in any of various kinds of accounts.
by livesoft
Sat Oct 25, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Question on Selling After Tax Funds
Replies: 15
Views: 548

Re: Question on Selling After Tax Funds

I'm confused because one can do "after-tax" investing in a Roth 401(k), a Roth IRA, a traditional 401(k), a non-deductible traditional IRA, and a taxable account. Tax treatment varies in these accounts for one's contributions and one's gains. And it depends on whether one exchanges within ...
by livesoft
Sat Oct 25, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Question on Selling After Tax Funds
Replies: 15
Views: 548

Re: What kind of index funds did Vanguard have 1976-1992?

Total Bond Index has inception of 12/11/1986
while GNMA was born 06/27/1980.
by livesoft
Fri Oct 24, 2014 7:22 pm
 
Forum: Investing - Theory, News & General
Topic: What kind of index funds did Vanguard have 1976-1992?
Replies: 9
Views: 1240

Re: How to do taxes for sale of deceased father's stocks?

Yes, TT allows 'inherited' for Date Acquired.
by livesoft
Fri Oct 24, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to do taxes for sale of deceased father's stocks?
Replies: 18
Views: 1519

Re: dividend fund in a taxable account

Very simply: Look up historical distributions for 2012 and 2013 for both funds, then create a spreadsheet.
by livesoft
Fri Oct 24, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: dividend fund in a taxable account
Replies: 2
Views: 539

Re: How to do taxes for sale of deceased father's stocks?

Wait until the company sends you a 1099-B. In the meantime, have you read the IRS publications on this?
by livesoft
Fri Oct 24, 2014 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to do taxes for sale of deceased father's stocks?
Replies: 18
Views: 1519

Re: is optimization(TLH+tax credit) worth cost(time,behavior

We also have a large carryover loss in the 6=figure range. Even so, we still TLH whenever possible because this will help us shift income into years when our tax rate is very low. Yes, it has a chance of not making any difference, but we cannot predict that. I'd rather have booked the loss in a year...
by livesoft
Fri Oct 24, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: is optimization(TLH+tax credit) worth cost(time,behavior)?
Replies: 14
Views: 913

Re: Capital gains in taxable; DFA / Vanguard

I don't think it is worth it to sell them, but I am not a fan of simplicity. But if you are asking this question and since you are so young, you can sell some every year for the next 10 years or so. Realizing $20K or so of capital gains every year is probably not a big deal in your tax bracket. So i...
by livesoft
Fri Oct 24, 2014 1:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Capital gains in taxable; DFA / Vanguard
Replies: 5
Views: 723

Re: How often do you change your car's oil?

How about continually? I just add some oil every couple of years when I see enough has leaked out.
by livesoft
Thu Oct 23, 2014 11:32 pm
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 131
Views: 6087

Re: Older Women and Challenges of Wealth

My mom had about 25% of her annual expenses paid for by a single-premium immediate annuity. She was not wealthy though.
by livesoft
Thu Oct 23, 2014 9:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Older Women and Challenges of Wealth
Replies: 3
Views: 890

Re: Is Wells Fargo misleading my friend?

It is not so much Wells Fargo as the salesrep working there. He could go just about anywhere and get advised to invest in one of many dubious portfolios.
by livesoft
Thu Oct 23, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Wells Fargo misleading my friend?
Replies: 21
Views: 2504

Re: Can you outperform?

Hmmm. I dunno, but I have outperformed the YTD return of VWO this year by owning VWO and rebalancing in and out of it. I don't think rebalancing quarterly is going to do it though.
by livesoft
Thu Oct 23, 2014 7:05 pm
 
Forum: Investing - Theory, News & General
Topic: Can you outperform [an index by rebalancing]?
Replies: 12
Views: 1227

Re: Fidelity

I have a 401(k) with Fidelity. As mentioned the Spartan index funds are decent and I use them. They have a Spartan Advantage set of funds with low-expense ratios and no commissions. In addition, Fidelity has a set of no-commission ETFs from iShares available. Here is a link to the Bogleheads wiki ab...
by livesoft
Thu Oct 23, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity [Roll 401(k) to IRA]
Replies: 23
Views: 2581

Re: Slice & Dice International

Rebalance/gamble on them quarterly with 20% and 30% bounds. I would suggest that one not use "quarterly", but look often (weekly or daily) and rebalance as needed. You can see that with 20% and 30% bounds you probably would not have rebalanced this year at all. Nevertheless, buying VWO in...
by livesoft
Thu Oct 23, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Slice & Dice International
Replies: 9
Views: 819

Re: TSA [is it a hassle to opt out of scanning?]

One time, they "saw something" in my carry on, and started to open it. […] I'll never know what it was they "saw" on the x-ray machine. Once my carry-on bag was thoroughly searched leaving the UK. The agent said that I had a small plastic jar of liquid exceeding the limits. &quo...
by livesoft
Thu Oct 23, 2014 2:23 pm
 
Forum: Personal Consumer Issues
Topic: TSA [is it a hassle to opt out of scanning?]
Replies: 42
Views: 2208

Re: Phone for Europe trip

My spouse simply bought a phone + SIM card + minutes in a kiosk on location for about 30 euros.
by livesoft
Thu Oct 23, 2014 12:00 pm
 
Forum: Personal Consumer Issues
Topic: Phone for Europe trip
Replies: 24
Views: 1453

Re: Process of buying my ETF.

Here is Rule 5: 5. I expect the ETF that I have purchased to drop in value immediately after I have purchased it and to stay below my purchase price for quite some time. Also rules are made to be broken. I sometimes use a limit order, sometimes a market order, sometimes a marketable limit order, and...
by livesoft
Thu Oct 23, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: Process of buying my ETF.
Replies: 4
Views: 752
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