Search found 2783 matches

by Dale_G
Mon Dec 05, 2016 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: HDVest fees
Replies: 3
Views: 300

Re: HDVest fees

Almost all of the time the fund expenses are taken from the dividends if the dividends are high enough, but the net effect is the same. The investor's returns are reduced by the amount of the underlying fund expenses. Hopefully your friend can be convinced to look at the costs - and her foregone ret...
by Dale_G
Mon Dec 05, 2016 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: HDVest fees
Replies: 3
Views: 300

Re: HDVest fees

It may be that the "advisor" is actually someone different, but operating under the HD Vest umbrella. That said, it is very unlikely that the 1.7% fee shown on the report includes the underlying expenses of the funds in the portfolio. Unfortunately, it looks like your friend is paying tota...
by Dale_G
Sun Dec 04, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs Less Tax Efficient Than Other ETFs?
Replies: 37
Views: 2329

Re: Vanguard ETFs Less Tax Efficient Than Other ETFs?

Maybe i missed it, but Vanguard index funds should be less tax efficient than a fund that tracks the same index - if that fund has a higher expense ratio. The expenses of running (all or almost all) funds are taken from the dividends paid by the underlying shares owned by the funds. Suppose we are c...
by Dale_G
Sun Dec 04, 2016 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Adjust Bond Holdings?
Replies: 8
Views: 593

Re: Adjust Bond Holdings?

Offshore wrote: ... snip ... #2) Vanguard's website specifically recommends short term holdings across the board, in all bond categories.


Short term across the board? Where do you see this?

Dale
by Dale_G
Sat Dec 03, 2016 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: What happens to my ROTH IRA with Betterment when my green card expires?
Replies: 4
Views: 514

Re: What happens to my ROTH IRA with Betterment when my green card expires?

Note: niner, you would not be able to make IRA contributions in 2018 and beyond. Contributions can only be made to the extent you have US based employment income.

Dale
by Dale_G
Wed Nov 30, 2016 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Financial Adviser Advice-FormulaFolios
Replies: 23
Views: 2059

Re: Financial Adviser Advice-FormulaFolios

kfk, I am definitely not an expert, but it is generally it is not a good idea to buy a product that claims to combine insurance with any investment aspect. Insurance and investments are two totally different things. If you need/want insurance, buy it. If you need or want to invest, then do that, but...
by Dale_G
Sun Nov 27, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 850

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you ...
by Dale_G
Sun Nov 27, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 850

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you ...
by Dale_G
Sun Nov 27, 2016 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 850

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you ...
by Dale_G
Sun Nov 27, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Setting stop loss orders on mutual funds
Replies: 11
Views: 850

Re: Setting stop loss orders on mutual funds

P.S. Consider the following strategy. Go to the casino. Keep playing until it is either a) the end of the day, or b) you have lost 5% of the money you came with (to mimic a "stop-loss" order). Do you believe this is a guaranteed strategy that is sure to make money in the long run? If you ...
by Dale_G
Fri Nov 25, 2016 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: More terror for newbies planning to TLH muni funds
Replies: 11
Views: 1945

Re: More terror for newbies planning to TLH muni funds

For most investors in the 25% (ordinary income) Federal tax bracket and higher, long term capital gains are taxed at a rate of 15% - not the 25% tax rate for wages, interest, etc. So the tax is 15% of the 4 cent capital gain distribution - or about 0.6 cents per share.

Dale
by Dale_G
Fri Nov 25, 2016 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Ohio Tax-Exempt Money Market Fund being liquidated
Replies: 5
Views: 946

Re: Vanguard Ohio Tax-Exempt Money Market Fund being liquidated

Just sit tight for more news. Your money will not disappear. The national tax exempt MM fund is probably a good option for you, but for now you need to do nothing.

Dale
by Dale_G
Fri Nov 25, 2016 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: More terror for newbies planning to TLH muni funds
Replies: 11
Views: 1945

Re: More terror for newbies planning to TLH muni funds

Actually, folks in the 25% federal tax bracket who happen to own VWLUX and don't have a lot of tax loss carry-forward are probably better off to TLH after the cap gain distribution. The tax cost of the distribution is .58 cents, but the NAV of the fund should drop by 4 cents a share (rounded) at the...
by Dale_G
Fri Nov 25, 2016 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: More terror for newbies planning to TLH muni funds
Replies: 11
Views: 1945

Re: More terror for newbies planning to TLH muni funds

Note that the expected CG distribution at 0.34% of NAV is 3.9 cents per share. At 15% CG tax rate, the tax would be 0.58 cents per share.

I don't think a CG distribution that cost less than a penny per share in taxes will influence me much.

Dale
by Dale_G
Thu Nov 24, 2016 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 3818

Re: Bond Market Strategy Now

I'd be happy to have real interest rates increase as a result of a robust economy. If rates increase due to inflation however, it is a bummer because I end up by paying taxes on inflated dividends - and the decrease in NAV reduces my buying power. A double whammy. Yes, you are made whole in nominal ...
by Dale_G
Wed Nov 23, 2016 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2105

Re: TLH CA Bond Funds?

I think AQ meant "latter", not "later". I would certainly move the funds to a different muni fund rather than sit in cash. The new fund might accumulate a small gain or loss over the next 31 days. If it is a small gain, no big deal. If it is a loss, you can smile when you go back...
by Dale_G
Wed Nov 23, 2016 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: TLH CA Bond Funds?
Replies: 38
Views: 2105

Re: TLH CA Bond Funds?

ALL CAPS AMOUNTS TO SHOUTING, SO SORRY ABOUT THAT. BUT IT MAKES NO DIFFERENCE WHEN YOU SELL A (NON ETF) MUNI FUND AT VANGUARD. The dividends are declared and accrued daily but are not included in the NAV. You will receive dividends for the part of the month that you owned the fund. Those posters ab...
by Dale_G
Wed Nov 23, 2016 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Joint accounts with kids
Replies: 33
Views: 2283

Re: Joint accounts with kids

I have had joint credit card, investment and checking accounts with my two sons, at various times, going back 35 years. In the beginning it was a way of securing credit cards for them and being able to "manage" their investment accounts. Gradually, I have been able to remove myself from so...
by Dale_G
Tue Nov 22, 2016 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 7659

Re: Do you track your net worth? How long have you done so?

I began tracking investments and net worth in the early 1970s on paper. Those records are long gone. In 1978 I graduated to a Tandy TRS-80 (4k of memory and a cassette drive for storage) and used Basic. The cassettes are long gone. In 1982 I graduated to a PC with Visicalc and later to Lotus that I ...
by Dale_G
Mon Nov 21, 2016 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: If I won the game, how to play the next phase?
Replies: 27
Views: 4232

Re: If I won the game, how to play the next phase?

It looks like the bond fund is dropping in value quickly and the interest rate will not reach 3.5% in any time soon. For the cash part, the available stable value fund in 401(k) has a one-year yield of 1.75% and an expense ratio 0.68% , which looks terrible. Keeping playing the game suddenly looks ...
by Dale_G
Sun Nov 20, 2016 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: help assessing risk of promissory note w/ Techshop, Inc.
Replies: 12
Views: 1672

Re: help assessing risk of promissory note w/ Techshop, Inc.

Sorry about your experience keg. I hope it works out for you. Let us know.

But this thread should be bumped once a year to let folks know that the risks sometimes surface with this kind of investment.

Dale
by Dale_G
Sun Nov 20, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: Should I wait until January to buy Vanguard Total Stock Market Index?
Replies: 6
Views: 1036

Re: Should I wait until January to buy Vanguard Total Stock Market Index?

The distribution will likely be about 0.6% of the NAV and most of it will be qualified dividends taxable at 15%. Odds are, for most folks, the tax on the dividend will cost less than 0.1% of NAV. Over long periods of time, the market has advanced somewhat more than 0.5% per month, so investing now m...
by Dale_G
Sun Nov 20, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 4867

Re: How a friend legally front-ran the market and made millions

Great story, but not much to it. Stale pricing of international mutual funds was well known. Beginning at the inception of VPACX (Vanguard's Pacific Index fund) in 1990 my then 22 year old son was making several trades per week. The 4 pm NAV of VPACX was established based on the previous close of pa...
by Dale_G
Sat Nov 19, 2016 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 8020

Re: Cannot get myself to spend my savings

Trying to let go. I was a late depression baby. We were upper lower class. Upper because my dad actually had a job before he was drafted. Three story walk-up, no car. There was a little celebration when he got a raise after the war to 60 cents an hour. That seemed like a lot of penny candy. I rememb...
by Dale_G
Fri Nov 18, 2016 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Just hired a PEO, but we have a SIMPLE IRA [Professional Employer Organization]
Replies: 7
Views: 596

Re: Just hired a PEO, but we have a SIMPLE IRA

This is a great place to ask questions - if we can understand them, you will get answers. What is a PEO- I for one don't have the slightest idea.

Dale
by Dale_G
Sun Nov 13, 2016 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 52
Views: 4850

Re: Age 92 Dad Wants to Boost stocks

There a very few 92 year olds competent enough to decide on their own asset allocation (Taylor Larimore is one of them obviously.) Make sure your dad is one of them before you let him monkey around with stuff like that. very few 92 year olds Very few? Care to put a number on that? 10%, 20%, 30%, 40...
by Dale_G
Sun Nov 13, 2016 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Consolidating accounts: transfer from Fidelity to Vanguard
Replies: 4
Views: 401

Re: Consolidating accounts: transfer from Fidelity to Vanguard

I don't know, but I suspect there is no charge. Call to find out.

Dale
by Dale_G
Sun Nov 13, 2016 12:32 am
Forum: Investing - Help with Personal Investments
Topic: Consolidating accounts: transfer from Fidelity to Vanguard
Replies: 4
Views: 401

Re: Consolidating accounts: transfer from Fidelity to Vanguard

Vanguard is not responding to me at the moment, but if you go the the main Vanguard page and type ITOT into the search box for quotes at the upper right, Vanguard will provide a quote and whether the funds can be transferred in kind. In my past conversations with Vanguard, they have indicated that i...
by Dale_G
Sun Nov 13, 2016 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 52
Views: 4850

Re: Age 92 Dad Wants to Boost stocks

David, your dad has a few years on me, I am only 79 years young, but I expect to become an adult someday. I am 70% equities, but I have no need or interest in spending from the portfolio. If dad is not dependent on the portfolio for income, then he is investing for future generations, and 50/50 is c...
by Dale_G
Sat Nov 12, 2016 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom & Dad with Retirement
Replies: 11
Views: 1253

Re: Helping Mom & Dad with Retirement

You have two issues here Jiminy: 1. Your dad is probably paying in excess of 2% ($3,600) in annual fees for his IRA - including the advisory fee and high fund expenses. In a simple 1-3 fund IRA at Vanguard, the fees would amount to 0.1% to 0.15% ($180-$240) if your dad "did it himself". If...
by Dale_G
Thu Nov 10, 2016 12:56 am
Forum: Investing - Help with Personal Investments
Topic: WOW, What a Total Bond and bonds in general drop!
Replies: 37
Views: 6005

Re: WOW, What a Total Bond and bonds in general drop!

Over time fundamental economics will rule. Ignore the noise.

Dale
by Dale_G
Tue Nov 08, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an Accredited Investor: Is it worth it?
Replies: 16
Views: 1640

Re: Investing as an Accredited Investor: Is it worth it?

Dottie57 wrote:What is an accredited investor?


Assets of $1,000,000 excluding home or two successive years of $200,000 income if single - $300,000 if married. These are supposed to be smart people - or at least few will feel sorry for them if they lose.

Dale
by Dale_G
Tue Nov 08, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: retired and want to change investments
Replies: 28
Views: 2655

Re: retired and want to change investments

tsiokas, you certainly have way too many funds. Your advisor does this so he/she can make investing look complicated and beyond the skill of normal humans. You can move the trust to Vanguard "in kind"- without tax implications. You can choose to simplify if you wish, but beware of any sign...
by Dale_G
Tue Nov 08, 2016 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an Accredited Investor: Is it worth it?
Replies: 16
Views: 1640

Re: Investing as an Accredited Investor: Is it worth it?

The theory behind "accredited investor" is that not only can they can afford to lose the money, but they are also sophisticated enough to understand the investment. I would be sure that almost all of Bernie Madoff's investors were accredited.

Dale
by Dale_G
Tue Nov 08, 2016 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an Accredited Investor: Is it worth it?
Replies: 16
Views: 1640

Re: Investing as an Accredited Investor: Is it worth it?

So I am an "accredited investor". Big deal. There are probably another 10,000 or so other Bogleheads in the same category - and I haven't seen many waxing enthusiastic about their crowd-funding deals. Total Stock Market, Total International Stock Market and a variety of bonds funds work fo...
by Dale_G
Mon Nov 07, 2016 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Anybody have an "In case of emergency read this!" excerpt or statement?
Replies: 14
Views: 2456

Re: Anybody have an "In case of emergency read this!" excerpt or statement?

This is a my partial IPS - some details obscured. I don't claim others understand it, but it is clear to me. And it only fits my specific situation. Investment Policy Statement Originated August 1997 – Modified July 24, 2016 “The enemy of a good plan is the search for a perfect plan” The purpose of ...
by Dale_G
Mon Nov 07, 2016 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Now Married - Help Resetting Allocation and No Retirement Savings
Replies: 21
Views: 1731

Re: Now Married - Help Resetting Allocation and No Retirement Savings

You are definitely not behind. With 600k of equity in the home and nearly 100k in deferred accounts you are definitely ahead of your peers. I didn't begin seriously saving/investing until I was 45 when the rug rats were out of the house. I retired 20 years later with a portfolio larger than my total...
by Dale_G
Sun Nov 06, 2016 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody have an "In case of emergency read this!" excerpt or statement?
Replies: 14
Views: 2456

Re: Anybody have an "In case of emergency read this!" excerpt or statement?

Not just "In case of emergency", but a guide for everyday investing. It is called an Investment Policy Statement - or IPS for short. Search in the Google box and you will be able to find some examples. The IPS basically sets out the asset allocation, savings goals and the rules for making ...
by Dale_G
Sat Nov 05, 2016 11:48 pm
Forum: Investing - Theory, News & General
Topic: Slipping last few days- time to buy now or wait until after 11/8?
Replies: 99
Views: 10189

Re: Slipping last few days- time to buy now or wait until after 11/8?

I prefer to invest when there is uncertainty. If I needed (sort of) certainty, I would buy CDs or Tbills. The more uncertainty, the better the prospective returns. There may be even better opportunities after the election, but that too is uncertain.

Dale
by Dale_G
Sat Nov 05, 2016 5:48 pm
Forum: Investing - Theory, News & General
Topic: Slipping last few days- time to buy now or wait until after 11/8?
Replies: 99
Views: 10189

Re: Slipping last few days- time to buy now or wait until after 11/8?

I haven't tried to time the market in at least 25 years, but I am inclined to add to my mid-cap value fund. Because I am basically a procrastinator and contrarian, I'll wait until Tuesday morning - before the news. Let the chips fall where the may. The buy will amount to less than 0.5% of the portfo...
by Dale_G
Sat Nov 05, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds confusion
Replies: 3
Views: 559

Re: Bonds confusion

Lazarus, something funny is going on here - or there is missing information. Depending on exactly when you bought VUKE, it has been essentially flat over the past two years with dividends reinvested. A bond fund like Total Bond fund would be up over the past two years with dividends reinvested. Even...
by Dale_G
Sat Nov 05, 2016 4:36 pm
Forum: Investing - Theory, News & General
Topic: Secrets of the S&P500
Replies: 10
Views: 2159

Re: Secrets of the S&P500

Interesting, but from the article:
Most of You Should Promptly Ignore All of This


Free float makes a whole lot of sense as does cap weighting. Okay, I am not necessarily happy about mortgage REITS, but that has to be a fraction of 1% of the S&P presently.

Dale
by Dale_G
Fri Nov 04, 2016 5:41 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Contest -- Longest losing streak in 35 years
Replies: 15
Views: 2934

Re: Boglehead Contest -- Longest losing streak in 35 years

Records are made to be broken. Maybe more down days on Monday and Tuesday will set a new record that will stand for a long time - or maybe not. It is what it is. :D

Dale
by Dale_G
Thu Nov 03, 2016 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Distribution yields for TE and taxable bond funds almost same
Replies: 10
Views: 933

Re: Distribution yields for TE and taxable bond funds almost same

I think Munis/taxable bond funds are pretty much a wash at a 25% federal rate. I wander between a 25%/28% federal tax rate so I go the muni route. I thoroughly understand that the higher distribution rate of munis will at some point result in a decreased NAV and a capital loss may result. I bought t...
by Dale_G
Thu Nov 03, 2016 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: rebalancing and market pseudotiming
Replies: 3
Views: 434

Re: rebalancing and market pseudotiming

AlohaJoe said: This seems contrary to the large body of research establishing that momentum exists and is pervasive across time, assets, and geography. I guess the chartists were onto something after all - and 50 or 100 or 1,000 years ahead of the academics. In the next few years I expect the academ...
by Dale_G
Mon Oct 31, 2016 11:22 pm
Forum: Investing - Theory, News & General
Topic: Required Minimum Distributions for 2016
Replies: 6
Views: 770

Re: Required Minimum Distributions for 2016

I'll take my RMD after the December dividends for my taxable funds are declared. I can then calculated my federal taxes and have them withheld from the RMD. Hopefully there will actually be a little money left over for me.

Dale
by Dale_G
Mon Oct 31, 2016 10:35 pm
Forum: Investing - Theory, News & General
Topic: Why is the Barclays U.S. Aggregate up 5% this year if rates haven't moved and are expected to go up?
Replies: 6
Views: 732

Re: Why is the Barclays U.S. Aggregate up 5% this year if rates haven't moved and are expected to go up?

Vanguard's Total Bond Market fund (Admiral) had a total return of just about 0.5% in 2015 - apparently because many were expecting rates to rise then. We are just making up for a little lost ground. And the year isn't over yet, so there is plenty of time for the index to retreat.

Dale
by Dale_G
Sat Oct 29, 2016 11:03 pm
Forum: Investing - Theory, News & General
Topic: How much international?
Replies: 78
Views: 6252

Re: How much international?

My detailed records only go back to 2001 when International was 19% of equities. For some time International has been targeted at 25% of equities with a lot of rebalancing into International over the past few years. My IPS calls for rebalancing out of International if they become more than 30% of eq...

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