Search found 2027 matches

by Bongleur
Sun Nov 27, 2016 5:14 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 14265

Re: Retirees: Where are you going for income?

Once upon a time you could buy a 6% Govt Bond, which is riskless (other than inflation risk). Are there metrics that can show the amount of risk necessary to achieve 6% "today?" Essentially I'm asking the general question -- if one needs a certain income, that translates into a % gain, whi...
by Bongleur
Sat Nov 12, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

AFAIK nobody has "inherited" anything yet. Half the house is in Trust A with living parent as beneficiary, the other in Trust B with limits on how the assets can be distributed to the living parent. As I understand it, each Trust is a separate entity entitled to a $250k Exclusion.
by Bongleur
Fri Nov 11, 2016 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

>When a taxpayer dies, no gain is reported on depreciable personal property or real property transferred to his or her estate or beneficiary. > So this means I would get the full stepped-up market value as my basis? But if it is sold now, the basis would be reduced by the accumulated depreciation (t...
by Bongleur
Thu Nov 10, 2016 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

Oh, another factor is getting ENOUGH current income to cover her expenses. Selling would provide a chunk of cash to cover. OR I could pay the difference out of my pocket, non-deductible since the house is still wealth so she's not my dependant. BUT would I recoup that money after inheritence, becaus...
by Bongleur
Thu Nov 10, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

>If you sell now, WRT what to do with sale proceeds: I'd set aside a CD ladder big enough to handle her future needs plus a margin > Given the abysmally low interest rates, I think renting might provide more current income, even though it would be clawed back in the future upon sale, due to the depr...
by Bongleur
Wed Nov 09, 2016 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

Actually this is a case of longevity risk showing up. In hindsight, when I first needed to become the handler of affairs, I should have had everything Gifted to me using the Lifetime Up To $1M rule. Then bought T bills for safety. There is a 5 year Lookback for gifts when determining Medicaid eligib...
by Bongleur
Wed Nov 09, 2016 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

>If the first parent died anytime recently (few years) it would have gotten a step up for about $250k (their half) plus 1/2 of the original cost so another $12.5k. > As I understand it, the Trust avoids the halving of the deceased's basis, so you get $250 for A and also for deceased B. Thinking of w...
by Bongleur
Wed Nov 09, 2016 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

>For determining taxes due on the sale, the mortgage(s) and any interest paid in the past are not relevant. > ??? Doesn't basis include mortgage interest? Oh, it was already deducted ??? Only rented for about 5 years. Living parent is in assisted living, so still counts as residing in the house for ...
by Bongleur
Wed Nov 09, 2016 4:58 am
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Re: Determining the Cost Basis of a house, from 1966 ?

Oh, at present a parent is still living, so I also need to compare selling now to waiting until I inherit it. Not selling increases my current expense for parental care; but the basis step-up might result in more value in the long run:
rent now
sell now
rent later
sell later
by Bongleur
Wed Nov 09, 2016 4:49 am
Forum: Personal Finance (Not Investing)
Topic: Determining the Cost Basis of a house, from 1966 ?
Replies: 22
Views: 2577

Determining the Cost Basis of a house, from 1966 ?

My parents bought the house in 1966. I have the real estate agent's 3x5 card with the description of the house & asking price. I don't know if they actually paid the asking price. I have some data on the mortgage, so I could calculate the total interest but don't know about refinancing or early ...
by Bongleur
Wed Nov 09, 2016 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Family Trust: Is A/B Trust OK?
Replies: 4
Views: 744

Re: Family Trust: Is A/B Trust OK?

Your terminology is confusing. A is most commonly an archaic reference to a marital or QTIP trust, and B is most commonly an archaic reference to a credit shelter or bypass trust. Why is this archaic? My parents had a family trust, and when one died it was divided into "xxx Family Trust A"...
by Bongleur
Wed Nov 09, 2016 4:15 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3284
Views: 788772

Re: U.S. stocks in freefall

What this country needs is a good 5% Govt Bond. I could live on 5% Govt Bonds.
by Bongleur
Sat Nov 21, 2015 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard wants to consolidate Fund & Brokerage accounts
Replies: 1
Views: 604

Vanguard wants to consolidate Fund & Brokerage accounts

Why? We have a Trust account and they sent a letter begging me to let them merge the Mutual Fund account into the Brokerage account.

So what are the pros & cons of doing this? Maybe something peculiar for Trusts too.
by Bongleur
Wed Dec 18, 2013 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Not your regular retirement questions
Replies: 58
Views: 7028

Re: Not your regular retirement questions

> a fund that receives a guaranteed 5%. >I thought that this might help with any stress that I might have waking up in the morning and seeing the stock market tumble 20%. But exactly how is this fund going to survive a market loss of 20%? What are they doing that you cannot do with that enormous amo...
by Bongleur
Sun Dec 08, 2013 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Family member renting 2nd house. Ok to ignore on tax return?
Replies: 198
Views: 30001

Re: Family member renting 2nd house. Ok to ignore on tax ret

Pay the HOA yourself. She is a relative who is doing you a favor by living in your second home. Empty houses are at risk of vandalism, theft, and arson. Your insurance is cheaper when it is occupied. If she chooses to give any number of persons up to $13,000 a year each as a gift there is no paperwo...
by Bongleur
Sun Dec 08, 2013 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with LEAPs (Long term equity options)
Replies: 27
Views: 4280

Re: Help with LEAPs (Long term equity options)

Now its time to use the $30 profits from the long LEAPS and get some SPY Puts at 150...
by Bongleur
Sun Nov 17, 2013 7:55 am
Forum: Investing - Theory, News & General
Topic: Want 18% returns?
Replies: 43
Views: 7997

Re: Want 18% returns?

Closet & Bill -- read more closely: " If I buy the mortgage from the original lender at a discount, my yield has nothing to do with the interest rate the borrower is paying." Abe is buying say a 8% mortgage note AT A BIG DISCOUNT so that HIS INTERNAL RATE OF RETURN is 14%. The mortgage...
by Bongleur
Tue Aug 27, 2013 6:28 pm
Forum: Investing - Theory, News & General
Topic: Retirement: 28 is the new 30
Replies: 20
Views: 3498

Retirement: 28 is the new 30

NBR reports data from Fidelity (IIRC) talking about how much you need to save per month for retirement starting at various ages. Except the "throwaway" line is "retiring at age 65 and providing enough money to last until age 93." Of course, we all know that the standard is 30 yea...
by Bongleur
Sat Aug 10, 2013 5:12 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

I already answered that: If the bank burns down the money is accounted for, not lost.
by Bongleur
Sat Aug 10, 2013 12:58 am
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

I think what I want used to be called a "savings bank." Only allowed to invest in ultra safe things like govt bonds; high cash reserve requirements.

If Treasury Direct had a quick cash-out time it would do.
by Bongleur
Wed Aug 07, 2013 10:44 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

If the bank burns down the money is accounted for, not lost.
by Bongleur
Tue Aug 06, 2013 7:33 pm
Forum: Investing - Theory, News & General
Topic: Japan, 1989
Replies: 128
Views: 33733

Re: Japan, 1989

>Looks like the trough, in 2002, is 62% below the original stash.
>

No, its 62% OF the original million.
by Bongleur
Tue Aug 06, 2013 6:13 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

Could probably settle for a contract where the bank charges me for the service of holding & accounting for my cash in safe storage (ie putting it on deposit with the Fed) and I give them 1 day notice for withdrawals above a certain amount.
by Bongleur
Thu Aug 01, 2013 9:34 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

[/quote]Immediately, three days after the next business day, or eventually?
Keith[/quote]

When I walk up to the teller with a withdrawal slip.
by Bongleur
Thu Aug 01, 2013 2:14 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

"banks are allowed to require several days notice before paying out from other-than-checking accounts" What I want is the variety of checking account that requires them to pay immediately. They have so many weasely, marketing phrases in their types of account names that I' not positive I'm...
by Bongleur
Sat Jul 27, 2013 3:14 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

OK so if Vanguard can't do it because they are not a "bank" then why can't I find a BANK that will do it? >That's good at a high level, but keep in mind that most deposit agreements have a clause similar to this one That sounds like what they usually call a Money Market Checking Account. T...
by Bongleur
Fri Jul 26, 2013 5:59 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Re: Why can't I get a "demand account" at Vanguard?

I define a demand account as an account where the money is NOT actually any sort of loan to the bank. The bank merely administers the safekeeping of my money. A bank failure will not impair my claim to the money in any manner, because the bank (and thus their creditors) has absolutely no claim upon ...
by Bongleur
Tue Jul 23, 2013 5:30 pm
Forum: Investing - Theory, News & General
Topic: Why can't I get a "demand account" at Vanguard?
Replies: 48
Views: 7285

Why can't I get a "demand account" at Vanguard?

Or at any other brokerage or mutual fund company? The only option for keeping your cash or a margin account is a Money Market account -- which is actually a loan to someone. Such loans entail a risk which I might not want to take -- the SEC just issued some guidance on that: U.S. SEC urges money fun...
by Bongleur
Sat Jul 20, 2013 6:26 pm
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 888
Views: 500869

Re: Spreadsheet for backtesting (includes TrevH's data)

>If you want to separate the spreadsheet technicalities from the users, just start each post with a tag, like **Proposed Update** so that members will know if it's worthwhile to read the post. > Except that when you get an email notification of a new post, you MUST actually click on the URL and go t...
by Bongleur
Fri Jul 12, 2013 6:24 pm
Forum: Investing - Theory, News & General
Topic: Spreadsheet for backtesting (includes TrevH's data)
Replies: 888
Views: 500869

Re: Spreadsheet for backtesting (includes TrevH's data)

The proper way to extend for future years past 2015 is to insert new year rows between row 147 and 148 and relabel years column in rows 148+. And I guess both $B148 and $B$148 should get incremented automatically in the formula, so yes, probably does not make any difference. Maybe you could add an ...
by Bongleur
Thu May 09, 2013 10:14 pm
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 3851

Re: "Minimize Fat-Tails" Portfolio Question

That thread doesn't get into the question at all. The lecture I refer to seems to be showing that quite frequently the measures of risk used are actually inappropriate (which curve -- Guassian, Normal, etc) because we can't determine which is correct... so lots of our fundamental basis in thinking a...
by Bongleur
Wed May 08, 2013 4:17 pm
Forum: Investing - Theory, News & General
Topic: "Minimize Fat-Tails" Portfolio Question
Replies: 35
Views: 3851

Re: "Minimize Fat-Tails" Portfolio Question

Taleb has an article questioning the validity of our ability to measure. Comments from those who can follow the math?

Fat Tails and (Anti)Fragility
https://docs.google.com/file/d/0B_31K_M ... edit?pli=1
by Bongleur
Sun Apr 07, 2013 9:49 pm
Forum: Investing - Theory, News & General
Topic: [Really Bad Day] RBD - there is no such thing.
Replies: 38
Views: 1896

Re: [Really Bad Day] RBD - there is no such thing.

If you invest a sum on a regular schedule, you could certainly have a rule that you will invest each tranche either 30 days from today or on a day when the market has lost at least X% by 3:45PM, whichever comes first.
by Bongleur
Tue Mar 26, 2013 7:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3284
Views: 788772

Re: U.S. stocks in freefall

>but always long term positive slope

Didn't somebody say something about "having reached a permanent plateau" in summer 1929?
by Bongleur
Wed Feb 06, 2013 12:47 am
Forum: Investing - Theory, News & General
Topic: Ways to View Break-even Inflation Rates
Replies: 21
Views: 3477

Re: Ways to View Break-even Inflation Rates

>Using IMG_resize

How does making gibberish bigger make it less gibberishy?
by Bongleur
Mon Jan 21, 2013 7:24 am
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 535
Views: 117178

Re: That Frugal Thing You Do

>I sow my socks when they have holes instead of buying new ones

If you sow a black one next to a white one, does it grow :oops: argyle?
by Bongleur
Thu Jan 17, 2013 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Owner's Insurance items for a rental property?
Replies: 0
Views: 242

Owner's Insurance items for a rental property?

What coverages do you need to have? I don't see why Personal Property is needed since the house is not furnished. What is an appropriate amount of Liability -- it is based on the property value? Should the Replacement Cost be based on tax assessment or market price or cash flow or what? Got my first...
by Bongleur
Wed Jan 02, 2013 7:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3284
Views: 788772

Re: U.S. stocks in freefall

Are returns high enough to compensate for the RISK of another 40-50% market crash? Do you have a long enough time frame before retirement to RECOVER from another crash?

Can't talk about returns unless you also talk about the risks.
by Bongleur
Fri Dec 28, 2012 11:18 pm
Forum: Investing - Theory, News & General
Topic: Value averaging and MYR -A safer approach to margin?
Replies: 39
Views: 4082

Re: Value averaging and MYR -A safer approach to margin?

>401k loans are nasty if one runs into repayment problems.

OTOH, those who don't HAVE a 401k cannot even contemplate this arbitrage. Something is fundamentally wrong with that...
by Bongleur
Thu Nov 22, 2012 8:56 pm
Forum: Investing - Theory, News & General
Topic: GLD gold etf is doomed to fail?
Replies: 47
Views: 4538

Re: GLD gold etf is doomed to fail?

Sales taxability differs by state.
by Bongleur
Thu Nov 22, 2012 4:53 pm
Forum: Investing - Theory, News & General
Topic: GLD gold etf is doomed to fail?
Replies: 47
Views: 4538

Re: GLD gold etf is doomed to fail?

Russian family about 3-4 miles from us-- very ritzy area. House burned down (richest road in London) and made the national news. Previously burgled for £600k in jewelry and gold. Which is less worrisome than what happens if you are *home* and the burglars want you to show them where your stuff is--...
by Bongleur
Tue Nov 20, 2012 4:06 pm
Forum: Investing - Theory, News & General
Topic: GLD gold etf is doomed to fail?
Replies: 47
Views: 4538

Re: GLD gold etf is doomed to fail?

"The mental picture is I am paying for a physical coin in a vault, that physically exists in reality." Might as well visualize a sparkly unicorn instead. Go back to that quote about "subcustodians." British law allows infinite rehypothecation of assets. There are 1001 different e...
by Bongleur
Tue Nov 20, 2012 3:46 pm
Forum: Investing - Theory, News & General
Topic: Grok's investing tip #1/10 Take your risk on the equity side
Replies: 113
Views: 28307

Re: Grok's investing tip #1/10 Take your risk on the equity

I think its time to create a separate subscription thread for notifications of updates in all of the TIP# threads. I get an email from EVERY Tip thread, and have to visit EVERY thread or I won't get any more notifications (from people making comments). Takes more time & bandwidth than it needs t...
by Bongleur
Mon Nov 19, 2012 8:04 pm
Forum: Investing - Theory, News & General
Topic: Positive real yield on 2013 TIPS
Replies: 36
Views: 4805

Re: Positive real yield on 2013 TIPS

Its a sad, sad day when grocery coupons have a higher yield than US Government paper.
by Bongleur
Wed Nov 07, 2012 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1158

Re: Problems collecting $$ from Genworth LTC

sunofabitch. Talked to the facility, and that new faster fax number is not a fax number at all. So they went back to the old number...
by Bongleur
Wed Nov 07, 2012 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1158

Re: Problems collecting $$ from Genworth LTC

>they deposit the check monthly into my mom's account, usually the first day of the month. Direct deposit is an option? I'll have to talk to them about that... They say they need the bill from the facility by the 11th of the next month, and if they don't slow it down the check comes by the end of th...
by Bongleur
Wed Nov 07, 2012 1:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3284
Views: 788772

Re: U.S. stocks in freefall

I was hoping for some change, but today is the same as yesterday... next year gonna be the same as this year...
by Bongleur
Tue Nov 06, 2012 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1158

Re: Problems collecting $$ from Genworth LTC

I'm wondering if the cost of the back office operations is shared with the mortgage business.
by Bongleur
Tue Nov 06, 2012 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Problems collecting $$ from Genworth LTC
Replies: 8
Views: 1158

Problems collecting $$ from Genworth LTC

Anyone else recently experiencing problems getting your monthly reimbursement money from Genworth Long Term Care Insurance? Since approx July I have been getting the runaround about why they are not sending reimbursements on time. They are also backdating letters to the care facility asking for extr...

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