Search found 99 matches

by 15202guy
Sun Jul 24, 2016 10:18 pm
Forum: Investing - Theory, News & General
Topic: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024
Replies: 18
Views: 850

Re: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024

All, thanks for the thoughtful replies. I feel badly not replying to each individually, but please be assured I've read, appreciated, and contemplated each. Regarding the "upfront" fees (resulting in the reduced value immediately upon purchase), is this a relevant factor for this investmen...
by 15202guy
Sun Jul 24, 2016 1:10 pm
Forum: Investing - Theory, News & General
Topic: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024
Replies: 18
Views: 850

Re: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024

KK -- I'm not entirely sure that merely not bearing interest is an issue. After all, the "payout" comes in a different form, upon maturity. Would you mind sharing your calculations regarding maximum return?
by 15202guy
Sun Jul 24, 2016 12:26 pm
Forum: Investing - Theory, News & General
Topic: thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024
Replies: 18
Views: 850

thoughts on GS Momentum Builder® Multi-Asset 5S ER Index-Linked CDs due 2024

I know that index linked CDs are generally frowned upon, but I was wondering if anyone had opinions or analysis about this specific product. A relative of mine is considering it, and I was hoping for some specific talking points. I see many of the usual index linked CD issues, but there are attracti...
by 15202guy
Sun Feb 21, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: BMBIX (Baird Quality Intermediate Muni) paying ordinary dividends?
Replies: 7
Views: 1112

Re: BMBIX (Baird Quality Intermediate Muni) paying ordinary dividends?

LG, I was aware of that text in the prospectus, but I've seen similar text for other muni funds and never actually seen taxable income, so i was just surprised. I will see if I can find detailed holding info to see what they're doing.
by 15202guy
Sun Feb 21, 2016 2:27 am
Forum: Investing - Theory, News & General
Topic: BMBIX (Baird Quality Intermediate Muni) paying ordinary dividends?
Replies: 7
Views: 1112

Re: BMBIX (Baird Quality Intermediate Muni) paying ordinary dividends?

stlutz wrote:Likely they bought some market discount bonds. That income is taxable.


Thanks. Wouldn't that income qualify for special treatment, e.g., capital gains? The dividends reported aren't even qualified.
by 15202guy
Sat Feb 20, 2016 4:10 pm
Forum: Investing - Theory, News & General
Topic: BMBIX (Baird Quality Intermediate Muni) paying ordinary dividends?
Replies: 7
Views: 1112

BMBIX (Baird Quality Intermediate Muni) paying ordinary dividends?

I got my Vanguard Brokerage 1099 today and was surprised to see that BMBIX (Baird Quality Intermediate Muni) paid out ordinary dividends each month that I owned it. This income is only about .8% of the tax-exempt income, but it was still a surprise. Is this something I should expect moving forward? ...
by 15202guy
Sun Oct 04, 2015 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Transfering cash from Fidelity to Vanguard: do I need to go through my bank account?
Replies: 7
Views: 944

Re: Transfering cash from Fidelity to Vanguard: do I need to go through my bank account?

I have my Fidelity brokerage core (sweep) account setup as an external bank account in my Vanguard account. That way, I can use it as a source to buy Vanguard funds very easily. Much more convenient than doing a wire transfer, and you can decide late in the day to buy a Vanguard fund using money fro...
by 15202guy
Sat Sep 12, 2015 7:59 am
Forum: Investing - Theory, News & General
Topic: Money illusion: Why bonds? See S&P 500 & 10y T-bond returns, 1871-2015
Replies: 58
Views: 8011

Re: Money illusion: Why bonds? See S&P 500 & 10y T-bond returns, 1871-2015

bh7 -- I tried PMing you but for some reason that option is not available for your account.

Would you mind sharing the Python code and data files? It would be a useful starting point for further experimentation I would like to do.
by 15202guy
Wed Aug 12, 2015 7:49 pm
Forum: Investing - Theory, News & General
Topic: relationship between muni bond quality and impact of rising rates
Replies: 10
Views: 1072

Re: relationship between muni bond quality and impact of rising rates

Thanks. It sounds like there isn't a simple rule of thumb that I can rely on, so in the classic Boglehead manner, I'll address the uncertainty by diversifying :)
by 15202guy
Wed Aug 12, 2015 6:36 pm
Forum: Investing - Theory, News & General
Topic: relationship between muni bond quality and impact of rising rates
Replies: 10
Views: 1072

Re: relationship between muni bond quality and impact of rising rates

grabiner -- are you saying that there is NO difference in how 2 bonds of unequal quality will react to an interest rate move if they have the same duration?
by 15202guy
Tue Aug 11, 2015 8:20 pm
Forum: Investing - Theory, News & General
Topic: relationship between muni bond quality and impact of rising rates
Replies: 10
Views: 1072

Re: relationship between muni bond quality and impact of rising rates

RG -- yup, that makes sense. In practice, higher quality generally means lower rate, so in general, I think it's safe to say that higher quality debt is more affected.
by 15202guy
Mon Aug 10, 2015 11:51 pm
Forum: Investing - Theory, News & General
Topic: relationship between muni bond quality and impact of rising rates
Replies: 10
Views: 1072

Re: relationship between muni bond quality and impact of rising rates

No one?

I recently read somewhere (wish I could remember where) that treasuries are more impacted by rising rates than riskier corporate bonds. So i wonder if the same logic applies to munis...that higher quality munis are more sensitive to rising interest rates than lower quality munis.
by 15202guy
Sat Aug 08, 2015 3:43 pm
Forum: Investing - Theory, News & General
Topic: relationship between muni bond quality and impact of rising rates
Replies: 10
Views: 1072

relationship between muni bond quality and impact of rising rates

Could someone please explain the "theoretical" relationship between the quality of muni bonds and their performance in times of rising rates? In other words, should one expect a higher quality fund (e.g., BMBIX Baird Intermediate Muni Inst, which has a very high percentage of AAA/AA and pr...
by 15202guy
Sun Mar 01, 2015 11:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard "skip auto xfer" feature not working?
Replies: 7
Views: 834

Vanguard "skip auto xfer" feature not working?

For the second time now, I had the Vanguard feature that lets you designate an automatic transfer to be skipped not work, and the transfer occurred. This is very upsetting as I want the automatic transfers suspended so I can TLH and what should have been a 2 month window has now stretched to 4...and...
by 15202guy
Sat Jan 03, 2015 1:58 pm
Forum: Investing - Theory, News & General
Topic: buy I-Bonds now or wait until later in the year?
Replies: 11
Views: 2157

Re: buy I-Bonds now or wait until later in the year?

Regarding the discussion on purpose of purchase and what I will do with the money if I don't buy now...these won't be part of an EF or anything, but I do buy my full allocation at some point each year as an inflation protection component of my bond holdings (similar to how some split their bond hold...
by 15202guy
Thu Jan 01, 2015 11:50 pm
Forum: Investing - Theory, News & General
Topic: buy I-Bonds now or wait until later in the year?
Replies: 11
Views: 2157

buy I-Bonds now or wait until later in the year?

Subject pretty much says it all -- what is the consensus this year on whether I Bonds should be bought now or later in the year? I also plan to buy the max with my tax refund as well.
by 15202guy
Tue Dec 30, 2014 2:29 pm
Forum: Investing - Theory, News & General
Topic: muni bond returns
Replies: 2
Views: 598

Re: muni bond returns

A member PM'd me with some interesting data comparing the attributes (avg coupon, maturity, duration) of the Vang Int Muni fund and the S&P muni index...they were quite different, much more than I would have ever imagined, esp wrt duration. So I think that explains very well the difference in pe...
by 15202guy
Tue Dec 30, 2014 1:22 pm
Forum: Investing - Theory, News & General
Topic: muni bond returns
Replies: 2
Views: 598

muni bond returns

I've been reading lots of articles citing that muni bond returns for the last year are >= 8%. Vanguard is showing a 1 year rate of return of 6% for intermediate muni. I am surprised to see this big of a difference between the fund and the reported "market returns". I know that looking at t...
by 15202guy
Sat Oct 18, 2014 12:30 pm
Forum: Investing - Theory, News & General
Topic: inefficiencies in small lot, near-term muni bonds prices?
Replies: 8
Views: 924

inefficiencies in small lot, near-term muni bonds prices?

Before you reflexively write back that the market has no inefficiencies and that bond prices always reflect the totality of perceived risk, please hear me out...after reading and careful contemplation, you are welcomed to write that if it is how you feel ;-) I've been looking at muni bonds on Zions ...
by 15202guy
Tue Aug 26, 2014 1:13 am
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 5248

Re: strategy to get brokerage bonuses

The bonus does not count against any contribution max. It the same as if your account earned a dividend. Dividends and other gains do not count against any contribution max. That's amazing. Done strategically, you can potentially raise your effective annual IRA contribution 50% every single year! T...
by 15202guy
Sun Aug 24, 2014 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 5248

Re: strategy to get brokerage bonuses

If I transfer IRA assets from one broker to another and get a bonus for the transfer of those IRA assets, then the bonus goes into that IRA account. Why is that interesting? Not trying to be a wise-guy, but it just surprises me, so I find it interesting :) With all of the rules/regulations about ta...
by 15202guy
Sun Aug 24, 2014 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 5248

Re: strategy to get brokerage bonuses

So far my cash bonuses have been in tax-advantaged accounts, so no taxes due and no 1099s. But if there was a 1099 for a bonus paid in a taxable account, so what? Would there be a problem with that? Very interesting...the bonus goes into the tax advantaged account? Does that effectively let you exc...
by 15202guy
Sun Aug 24, 2014 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 5248

Re: strategy to get brokerage bonuses

Sure go ahead. livesoft, thanks for your "first hand experience". ...move them back to Vanguard as ETF shares and then reconvert them to mutual fund shares. You may not be able to reconvert them to mutual fund shares as you plan. https://investor.vanguard.com/etf/faqs#conventionalMF Be on...
by 15202guy
Sun Aug 24, 2014 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 5248

strategy to get brokerage bonuses

I think I have a strategy to capture brokerage bonuses for bringing in new money without harming my overall investment approach...please let me know if you see issues. For my taxable investing, I prefer to use all Vanguard index mutual funds...I find the convenience of mutual funds better for my sit...
by 15202guy
Thu Jul 10, 2014 1:45 am
Forum: Investing - Theory, News & General
Topic: updated thoughts on BMBIX?
Replies: 19
Views: 2411

Re: updated thoughts on BMBIX?

mindbogle, do you recall if the report talks about the underlying ratings of the bonds you assessed were likely insured? That would help better illuminate the real risk embodied by the non-pre-refunded portion of the portfolio.
by 15202guy
Tue Jul 08, 2014 11:19 pm
Forum: Investing - Theory, News & General
Topic: updated thoughts on BMBIX?
Replies: 19
Views: 2411

Re: updated thoughts on BMBIX?

I'm really hoping that fredflinstone will weigh in, esp wrt this new data (or newly posted data) -- he is a big fan of this fund.
by 15202guy
Tue Jul 08, 2014 11:18 pm
Forum: Investing - Theory, News & General
Topic: updated thoughts on BMBIX?
Replies: 19
Views: 2411

Re: updated thoughts on BMBIX?

15202guy, I made an important edit to my post above, in case it helps to "confuse you more", a little less. :happy MB lol Just to clarify when I said "confuse me more", I meant about what to do -- not your post itself. I was leaning toward establishing a position in BMBIX, but y...
by 15202guy
Tue Jul 08, 2014 6:09 pm
Forum: Investing - Theory, News & General
Topic: updated thoughts on BMBIX?
Replies: 19
Views: 2411

Re: updated thoughts on BMBIX?

RNJ wrote:
mindbogle wrote:I did some research on this fund last year. The charts below...


Great post - thanks. Also a lesson learned for me in terms of digging deeper into a bond fund.


+1

Thanks mindbogle, this was a great contribution to the thread and is great data to have...although in some ways it confuses me more.
by 15202guy
Mon Jul 07, 2014 9:27 am
Forum: Investing - Theory, News & General
Topic: updated thoughts on BMBIX?
Replies: 19
Views: 2411

Re: updated thoughts on BMBIX?

Thanks for your reply. I am considering adding it for the better credit quality, but you point out some downsides, notably the higher ER. I also still struggle with how to balance the higher credit quality with the significantly lower number of total holdings. I have been thinking a lot about my bon...
by 15202guy
Sun Jul 06, 2014 2:19 pm
Forum: Investing - Theory, News & General
Topic: updated thoughts on BMBIX?
Replies: 19
Views: 2411

updated thoughts on BMBIX?

I am considering making a significant move into BMBIX (Baird Intermediate Muni Inst) to augment my taxable holdings in Vang Limited and Intermediate Tax Exempt. I have read all of the info I can find here on this fund, but the most recent posts seem to be from 2011. I just wanted to check to see if ...
by 15202guy
Sun Mar 30, 2014 9:58 pm
Forum: Investing - Theory, News & General
Topic: diff between "pre-refunded" and "escrowed to maturity" munis
Replies: 3
Views: 1513

Re: diff between "pre-refunded" and "escrowed to maturity" m

Steve, vesalius, Thanks for the replies. They were helpful. And basically matched my understanding of the 2 concepts. Interestingly, the Fidelity site seems to treat them as mutually exclusive -- a search for pre-redunded bonds returns results, as does a search for escrowed to maturity, but if you s...
by 15202guy
Sun Mar 30, 2014 12:06 pm
Forum: Investing - Theory, News & General
Topic: diff between "pre-refunded" and "escrowed to maturity" munis
Replies: 3
Views: 1513

diff between "pre-refunded" and "escrowed to maturity" munis

Hi all, I noticed that the Fidelity website has 2 designations for muni bonds, and I'm not sure of the real difference between them, even after reading Fidelity's definitions. Can someone please explain the difference between "pre-refunded" and "escrowed to maturity" muni bonds? ...
by 15202guy
Sun Feb 16, 2014 5:01 pm
Forum: Investing - Theory, News & General
Topic: I-bond suitability for high tax bracket investors
Replies: 8
Views: 1196

Re: I-bond suitability for high tax bracket investors

Good points, thx for the comments. I agree that for many (most?) people, having to pay the tax all at once during peak earning years could make them less optimal than other often-compared investments. But it does seem that if you expect to be in the same tax bracket from your time of purchase throug...
by 15202guy
Sun Feb 16, 2014 4:02 pm
Forum: Investing - Theory, News & General
Topic: I-bond suitability for high tax bracket investors
Replies: 8
Views: 1196

I-bond suitability for high tax bracket investors

I was surprised to see the wiki article on I Bonds note that they "...may not be a suitable investment..." if you will be in a high tax bracket when they mature. Doesn't this same argument apply to all taxable investments? Are I Bonds in some way RELATIVELY worse than other investment opti...
by 15202guy
Tue Oct 08, 2013 6:37 pm
Forum: Investing - Theory, News & General
Topic: paying HSA Bank brokerage fee
Replies: 6
Views: 778

Re: paying HSA Bank brokerage fee

I have no info about the fee issue wrt HSAs, but in the past I have paid Fidelity IRA fees from a separate account, and although anyone can make a mistake, it seems unlikely Fidelity made this mistake for several years.
by 15202guy
Sun Oct 06, 2013 7:12 pm
Forum: Investing - Theory, News & General
Topic: paying HSA Bank brokerage fee
Replies: 6
Views: 778

Re: paying HSA Bank brokerage fee

Thanks for reminding me about the separate fee for the low bank account balance.

Is there a way to pay these fees from a different account? I haven't been able to find any reference to this capability online.
by 15202guy
Sun Oct 06, 2013 2:38 pm
Forum: Investing - Theory, News & General
Topic: paying HSA Bank brokerage fee
Replies: 6
Views: 778

paying HSA Bank brokerage fee

What is the common wisdom among Bogleheads wrt investing in Vanguard funds through HSA Bank? Do you generally recommend paying the $36/year to invest the entire account balance, or leaving $4850 in the (basically 0 interest) bank account to avoid the fees? I'd imagine the common wisdom is to invest ...
by 15202guy
Mon Feb 11, 2013 12:03 am
Forum: Personal Consumer Issues
Topic: Quicken Deluxe vs Premier
Replies: 8
Views: 4430

Re: Quicken Deluxe vs Premier

Thanks for the input. My decision just became a little harder b/c now the price difference between the 2 versions is only $20 vs $40, so it is a smaller price to pay for the assurance I won't miss any features that aren't included in Deluxe.
by 15202guy
Sat Feb 09, 2013 7:42 pm
Forum: Personal Consumer Issues
Topic: Quicken Deluxe vs Premier
Replies: 8
Views: 4430

Quicken Deluxe vs Premier

I currently use Quicken Premier and need to upgrade so I don't lose transaction downloading in April. I do NOT use Quicken to track tax lots, compute capital gains, etc. so I was thinking that I might not need the considerably more expensive Premier version. But I noted that a feature of Premier is ...
by 15202guy
Sat Jan 12, 2013 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: taxation of proceeds from life settlement policy
Replies: 2
Views: 434

Re: taxation of proceeds from life settlement policy

Thank you! I had not found that specific article. That makes it clear that the acquisition cost is subtracted from the death benefit. The wording in other sources I found was ambiguous.
by 15202guy
Sat Jan 12, 2013 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: taxation of proceeds from life settlement policy
Replies: 2
Views: 434

taxation of proceeds from life settlement policy

I have tried researching this question both online and by talking with life insurance companies, but am having difficulty getting an authoritative answer. I am hoping someone here can help. If you buy a non-term life insurance policy from someone for its cash surrender value, how does the amount pai...
by 15202guy
Wed Jan 09, 2013 12:18 am
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3559

Re: first-time portfolio review for a long-time lurker

As a meta-comment about our ongoing discussion, one of the themes that keeps coming up is simplicity across accounts, and simplifying holdings by eliminating redundancy. Maybe this explanation will shed some light on how I view things, and hence why I don't see them as particularly complex or cumber...
by 15202guy
Sun Jan 06, 2013 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3559

Re: first-time portfolio review for a long-time lurker

pingo, thank you so much for your detailed and comments, thoughts, and advice. I want to carefully consider all of your suggestions before making any decisions, but in the interim, I wanted to reply with some comments and my current thoughts. It is funny that you mention the Fidelity Total US Stock ...
by 15202guy
Thu Jan 03, 2013 1:17 am
Forum: Investing - Theory, News & General
Topic: difference in performance between VXUS and VTIAX
Replies: 12
Views: 1555

Re: difference in performance between VXUS and VTSAX

Looks to me as though the entire difference occurred in the first day or two of the funds' existence (select a date a couple of days after then as your starting point, such as 1/28/2011). May be simply due to a difference in what is reported as the starting price or some other vagary of ETFs I don'...
by 15202guy
Wed Jan 02, 2013 11:26 pm
Forum: Investing - Theory, News & General
Topic: difference in performance between VXUS and VTIAX
Replies: 12
Views: 1555

Re: difference in performance between VXUS and VTSAX

The VTSAX is the actual value of the stocks making up the index. The VXUS is an exchange traded fund and while it is made up of the same holdings as the VTSAX it is traded on the open market and can trade at a premium or a discount - to me it is very similar to a closed end fund. If you are looking...
by 15202guy
Wed Jan 02, 2013 9:01 pm
Forum: Investing - Theory, News & General
Topic: difference in performance between VXUS and VTIAX
Replies: 12
Views: 1555

difference in performance between VXUS and VTIAX

Important note: I originally posted using the wrong ticker symbol for Vang Total Intl Admiral...it is corrected here, sorry Can anyone explain the difference in performance between VXUS (Vang Total Intl ETF) and VTIAX (Vang Total Intl Admiral) over say the last 3 years? I am looking at a "growt...
by 15202guy
Wed Jan 02, 2013 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3559

Re: first-time portfolio review for a long-time lurker

Yes, I've been thinking about the two ways to approach risk a lot lately. Both arguments have significant merit. I'll definitely be adjusting to 15-20% bonds very shortly, and perhaps even higher than that...I will see how my thinking on this issue evolves. Okay. In that case I'll look at your situ...
by 15202guy
Wed Jan 02, 2013 12:22 am
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3559

Re: first-time portfolio review for a long-time lurker

Pingo, thanks for your comments and questions. Some of your questions forced me to revisit my portfolio strategy, which is exactly the point of threads like this. We've discussed this to some extent. I'll just comment that Morningstar.com shows the same ER (0.18%) for FSGDX and VXUS. At first glance...
by 15202guy
Sun Dec 30, 2012 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3559

Re: first-time portfolio review for a long-time lurker

Nathan Drake wrote:Did you work with a consulting firm before breaking out on your own? What kind of consulting?


I did not. But I will PM you a little bit of info...
by 15202guy
Sun Dec 30, 2012 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: first-time portfolio review for a long-time lurker
Replies: 31
Views: 3559

Re: first-time portfolio review for a long-time lurker

EACH YEAR? Congratulations! :shock: All I can say, is you probably do not need advice from the likes of me, but I'm likely to offer it anyway so take it with a grain of salt! :D That's my hope...we'll see if it materializes! And I very much appreciate all comments! The variation and size of future ...

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