Search found 1034 matches

by Geologist
Wed Jun 21, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard restricts my account due to mail?
Replies: 41
Views: 2740

Re: Vanguard restricts my account due to mail?

Not to be a Vanguard apologist, but it looks like the vanguard rep said that things would be ok in a day or two, but op wanted things fixed "instantly" I don't know about you, but I don't even get my fries instantly when I go to McDonalds. As to what mail was undeliverable, did you ask th...
by Geologist
Tue Jun 06, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Expense Ratio Advantage
Replies: 37
Views: 2753

Re: Vanguard Expense Ratio Advantage

OP: I don't believe there is any advantage any longer. The "Not for profit" thing has both advantages and disadvantages. When Bogle was running Vanguard they would disclose executive pay. After he left they stop doing so. Public companies are required to more disclosures. I don't believe ...
by Geologist
Tue Jun 06, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Expense Ratio Advantage
Replies: 37
Views: 2753

Re: Vanguard Expense Ratio Advantage

There are non-index funds that you might want to use for which Vanguard has very low expenses and which other providers probably have not lowered their expenses to comparable levels (they have to generate revenues somehow). Examples include the wide variety of municipal bond funds, corporate bond fu...
by Geologist
Sun Jun 04, 2017 7:32 pm
Forum: Investing - Theory, News & General
Topic: Schwab .03% SP500
Replies: 31
Views: 2149

Re: Schwab .03% SP500

So if there is little difference, how to choose who to handle things at FIRE? AUM > 2M Convenience, existing relationship, color of the logo - it doesn't really matter if your plan is to use S&P 500 index funds. Access to other funds that may not have really cheap expense ratios at providers ot...
by Geologist
Sun Jun 04, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Schwab .03% SP500
Replies: 31
Views: 2149

Re: Schwab .03% SP500

What is FIRE?
by Geologist
Sun Jun 04, 2017 7:13 pm
Forum: Investing - Theory, News & General
Topic: Schwab .03% SP500
Replies: 31
Views: 2149

Re: Schwab .03% SP500

In addition to all of livesoft's relevant points, the difference in costs in dollar terms for the expenses themselves between the Schwab fund and the Vanguard Admiral S&P 500 fund amounts to $1 per $10,000 in account size per year. At expense ratios below about 0.10% per year, the expense ratio ...
by Geologist
Fri Jun 02, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a way on earth to reduce SS taxes?
Replies: 54
Views: 4508

Re: Is there a way on earth to reduce SS taxes?

The easiest way to reduce all taxes is to have no income period. This has other undesirable consequences.

Your aim should be maximizing after-tax income; that is not the same thing as minimizing taxes.
by Geologist
Wed May 31, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: VC fund -- 160 pages?
Replies: 6
Views: 585

Re: VC fund -- 160 pages?

I'm remembering here that Jane Bryant Quinn said you shouldn't invest in anything that you couldn't explain to the average 12-year old.
by Geologist
Tue May 30, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Any hope of getting my Social Security earnings corrected?
Replies: 25
Views: 1994

Re: Any hope of getting my Social Security earnings corrected?

Your situation appears to be different from rennale and mine because we filed contemporary tax returns and our earnings didn't get passed through from the IRS to the Social Security Administration. Your problem seems to be that your earnings were credited to your husband's SSN and not to yours (I wi...
by Geologist
Tue May 30, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Nuveen Fund
Replies: 7
Views: 506

Re: Inherited Nuveen Fund

If you wouldn't buy this fund now, why would you keep it?
by Geologist
Tue May 30, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any hope of getting my Social Security earnings corrected?
Replies: 25
Views: 1994

Re: Any hope of getting my Social Security earnings corrected?

I too am trying to fix this problem. I have one year (1991) where the SSA reports zero earnings, and another (1992) that reports partial earnings. I'm not sure why this happened but blithely assumed that there was no rush to fix it. I also made the mistake of not realizing that the earnings were ad...
by Geologist
Sun May 28, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Custody Question
Replies: 4
Views: 344

Re: Vanguard Custody Question

I think it is more nearly the brokerage says you own the assets in your name in their account (hence SIPC protection for what they say you own). The mutual fund's own assets are a completely separate matter and are held by a custodian separate from the fund's management. You don't need to own a mutu...
by Geologist
Sun May 28, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Custody Question
Replies: 4
Views: 344

Re: Vanguard Custody Question

The prospectus for a mutual fund describes where the assets of the mutual fund are held (that is, by its custodian). The second description you list shows where your assets are held, which is different. You may hold shares of the mutual fund, for example, but those are not assets of the mutual fund.
by Geologist
Sat May 27, 2017 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA - Issues of fees and Admiral shares
Replies: 5
Views: 593

Re: Roth IRA - Issues of fees and Admiral shares

And I am aware that in the long run the amount of money saved from one versus the other is fairly insignificant, but why pay higher fees when you don't have to, right? The difference in expenses in dollars for small account sizes between Vanguard Investor Class and Admiral/ETF Class shares is not &...
by Geologist
Fri May 26, 2017 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT ETF ER increased?!?
Replies: 13
Views: 1828

Re: Vanguard REIT ETF ER increased?!?

How much difference does this make for you in actual dollars? Even assuming the expense ratio went from precisely 0.10% to 0.12% (and not is perhaps rounded from 0.104% to 0.116%), the increase of 0.02% increases annual expenses by $2 per $10,000 of account size. This is a minuscule change. There co...
by Geologist
Tue May 23, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Transaction Receipts for Expenses / Too Complicated?
Replies: 8
Views: 801

Re: Transaction Receipts for Expenses / Too Complicated?

Expenses for mutual funds are accrued (charged) against the net asset value (NAV) daily. It makes no difference whether they are index funds or not, both types work the same way. Since the expenses for low-cost funds run less than a cent per day, you will not be able to see this clearly in the large...
by Geologist
Fri May 19, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 1540

Re: How long do I really need to keep tax returns?

I've had a number of tax accountants say you should keep the tax returns themselves forever. You can get rid of supporting info except that related to open investments (taxable investments, house). If you are sure the Social Security Administration has credited your W-2 earnings correctly, then you ...
by Geologist
Thu May 18, 2017 7:10 pm
Forum: Investing - Theory, News & General
Topic: Discrepancy in Reported Fund Price - What to Do?
Replies: 13
Views: 974

Re: Discrepancy in Reported Fund Price - What to Do?

I received a response from my Flagship representative that thanked me for bringing this (the two reinvestment transactions at different prices) to her attention and she would see that it was corrected. She didn't say which was correct, so I'll have to wait to see.
by Geologist
Thu May 18, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Discrepancy in Reported Fund Price - What to Do?
Replies: 13
Views: 974

Re: Discrepancy in Reported Fund Price - What to Do?

This is very interesting. The dividend reinvestment for Vanguard Total Bond Admiral in my account on April 28 occurred at $10.74 per share, while the reinvestment in my mother's account occurred at $10.68 per share. So here we have two prices within Vanguard. I have contacted Vanguard for an explana...
by Geologist
Mon May 15, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: Quality decline in off-brand alkaline batteries?
Replies: 28
Views: 1452

Re: Quality decline in off-brand alkaline batteries?

I certainly have noticed that some store brand alkaline batteries were lower in (storage) quality. I don't think they have declined in quality recently; they have been this way all along.
by Geologist
Mon May 15, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: "Can this fee structure save actively managed funds"
Replies: 10
Views: 957

Re: "Can this fee structure save actively managed funds"

It is permissible under SEC rules for funds to pay a (more modest) bonus to managers for outperforming a benchmark as long as there is a symmetrical penalty for underperforming the benchmark. Few active funds want such an arrangement. (Some Vanguard actively managed funds have such an arrangement fo...
by Geologist
Sun May 14, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: BND & AGG (Why Difference in # of Holdings?)
Replies: 3
Views: 266

Re: BND & AGG (Why Difference in # of Holdings?)

It is customary on this discussion board to give the whole names of funds/ETF's, not just the tickers, because people have not memorized the tickers. Under the assumption that these tickers are for ETF's that track the same index (and I know that BND is a bond index fund/ETF), the funds are sampling...
by Geologist
Sat May 13, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Division of Assets A/B trust: am I entitled to see POD proof?
Replies: 26
Views: 2477

Re: Division of Assets A/B trust: am I entitled to see POD proof?

I suppose that the executor/personal representative of the deceased's estate could request confirmation that such an individual account was not part of the deceased's estate. The executor would have not merely the right, but the obligation, to know about all such accounts because they are part of t...
by Geologist
Sun May 07, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to obtain older ROTH contribution #'s
Replies: 10
Views: 1212

Re: Best way to obtain older ROTH contribution #'s

The previous IRA custodians sent you (or your wife) a Form 5498 each year that showed the contributions you made. Assuming you kept these, then you can total the contributions from those.

Whether they keep records on closed accounts (or more likely, how long), I don't know.
by Geologist
Fri May 05, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Is it normal to have incorrect Realized Gains in your IRA?
Replies: 13
Views: 783

Re: Is it normal to have incorrect Realized Gains in your IRA?

I'm sorry, but I think this is a huge error and problem. It basically means that Vanguard uses at least two kinds of accounting methods and at least one of them is wrong. If you see one cockroach, then there are others. My other brokers accurately track cost basis and transactions. Vanguard should,...
by Geologist
Fri May 05, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is it normal to have incorrect Realized Gains in your IRA?
Replies: 13
Views: 783

Re: Is it normal to have incorrect Realized Gains in your IRA?

Also, if you switch IRA custodians/vendors as my Mother did in switching to Vanguard, the transaction history ( to say nothing of any capital gains estimates the old vendor might have had) disappears. That is, Vanguard just got a sum total of dollars with no history.
by Geologist
Fri May 05, 2017 5:51 pm
Forum: Investing - Theory, News & General
Topic: "Wondering how to convert to Admiral Shares?"
Replies: 20
Views: 2321

Re: "Wondering how to convert to Admiral Shares?"

GLstate Once you become admiral, Vanguard doesn't drop you to investor if your balance decreases (I believe they can, but it has not happened to me in the past and I doubt they would find it a worthwhile exercise); and no one should pay more in expenses for investor class shares when admiral have c...
by Geologist
Fri May 05, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: "Wondering how to convert to Admiral Shares?"
Replies: 20
Views: 2321

Re: "Wondering how to convert to Admiral Shares?"

The Admiral Shares often have different prices than the investor shares. When one does a conversion, does anybody know if the computer recalculates the number of shares and price for each individual lot you bought in the past or just one bulk conversion? I'm thinking about tax basis and ease of thi...
by Geologist
Fri May 05, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Is it normal to have incorrect Realized Gains in your IRA?
Replies: 13
Views: 783

Re: Is it normal to have incorrect Realized Gains in your IRA?

Keep in mind that the taxpayer is always the responsible party, not the financial institution, if for some reason recordkeeping is the issue. I seriously doubt, however, that something could change down the line on this. For one thing, you can't specify a method for realizing capital gains (specific...
by Geologist
Fri May 05, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Is it normal to have incorrect Realized Gains in your IRA?
Replies: 13
Views: 783

Re: Is it normal to have incorrect Realized Gains in your IRA?

For years, my IRA didn't show capital gains (realized or unrealized) at all for the funds I owned. I assumed this was because, as the rep says, it really has no relevance to matters such as taxation. I notice that some IRA funds now show values for unrealized capital gains. I haven't checked to see ...
by Geologist
Mon May 01, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: How does a non-tradable REIT affect RMD?
Replies: 7
Views: 570

Re: How does a non-tradable REIT affect RMD?

You have to use the value of the REIT on 12/31 of the previous year as part of determining the RMD you need to take from the inherited IRA. However, you can take the RMD from another IRA account, such as the one at Vanguard (this assumes that the inherited IRA's all have the same source, which seems...
by Geologist
Sun Apr 30, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: Can a custodian do "homecooked" dividend distribution?
Replies: 11
Views: 590

Re: Can a custodian do "homecooked" dividend distribution?

Funds and third-party brokers have auditors and answer to the SEC; I'm not sure what you really want to know. I think you are wrong. I think - and I want to emphasis think - the correct path to go down would be either FINRA for registered dealers or the Department of Labor for retirement plans. Tha...
by Geologist
Sun Apr 30, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: Can a custodian do "homecooked" dividend distribution?
Replies: 11
Views: 590

Re: Can a custodian do "homecooked" dividend distribution?

Is there any situation where a custodian can say that if you sell a fund such as VWEHX or VBTLX (where dividends are supposed to be tracked daily) during the month then you do not get the accrued income, since those distributions instead go to whoever holds it on the "record date" (not su...
by Geologist
Sat Apr 29, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help understanding VWIUX dividends
Replies: 4
Views: 472

Re: Help understanding VWIUX dividends

Intermediate-Term Admiral shares distributed a dividend of $0.03316 per share on 4/28/17. Given that a share was $14.06, for $50,000 that would be roughly 3556 shares, so the total dividend would be $117.92 for April. This distribution yield is not as good a predictor of future yields as the SEC yie...
by Geologist
Sun Apr 23, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Rght Bond fund/s when interest rates rise?
Replies: 31
Views: 2193

Re: Rght Bond fund/s when interest rates rise?

If, and only if, the FFR becomes 3% in 4-5 years, a 5 year bond held to maturity outperforms a 10 year bond sold in 5 years, by over 1%. Using average spreads, average price ratios, etc.. So I guess some short term bonds or target date bond fund would be a small hedge against a actual FFR increase ...
by Geologist
Sun Apr 16, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4858

Re: Investors backing off their equity AA primarily due to 8-year bull market?

I haven't been following market news. Is there a growing trend of investors backing off their equity AA, stopping auto-investment in equity or even selling equity shares, primarily because of the 8-year bull market? Not because they are needing the money anytime soon. People could stop "auto-i...
by Geologist
Fri Apr 14, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: How often are capital gains from Vanguard funds reinvested?
Replies: 31
Views: 1908

Re: How often are capital gains from Vanguard funds reinvested?

First, VTSMX *never* pays CGDs. Second, let's say AAPL goes up 10% next week. This results in VTSMX doing....... nothing. So a total stock market fund is the epitome of Unrealized Gains... It's still possible, though probably unlikely, for there to be capital gains within a total market fund like V...
by Geologist
Fri Apr 14, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: How often are capital gains from Vanguard funds reinvested?
Replies: 31
Views: 1908

Re: How often are capital gains from Vanguard funds reinvested?

Wanted to clarify my post a bit better, with examples... Let's say I have $10,000 invested in VTSMX. Tomorrow, I see that the value of VTSMX has gone upto $10,500. Will that $500 get reinvested for additional stocks of VTSMX? I see online that there is an option to automatically reinvest dividends ...
by Geologist
Thu Apr 13, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Payout [how funds use proceeds when a holding is acquired]
Replies: 9
Views: 921

Re: Payout [how funds use proceeds when a holding is acquired]

Hi Slowmoney. You asked what happens to the capital gains. A mutual fund (either active or index fund) is required to distribute realized capital gains (net of realized capital losses) to owners of the fund at least once a year. So, no, the fund would not be able to distribute the gains among other...
by Geologist
Thu Apr 13, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take 6% penalty for excess Roth IRA contribution since I had significant earnings?
Replies: 77
Views: 5376

Re: Should I take 6% penalty for excess Roth IRA contribution since I had significant earnings?

As I understand it, the 6% excise tax is not a one-time penalty for your excess contribution, but an annual assessment. That is, you will owe 6% every year until you remove the excess contribution. I'm also not sure how you could have contributed $5500 in 2016 and managed to have $15,000 in earnings...
by Geologist
Wed Apr 12, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Legality of renters posting reviews of a condominium complex?
Replies: 82
Views: 3794

Re: Legality of renters posting reviews of a condominium complex?

But assuming that's not the case and these are just disgruntled tenants, what law do you think would prevent them from posting their opinions to website intended for that very purpose? The issue is they are not owners, just renters. A condominium serves it's owners , not renters. So I am confused w...
by Geologist
Tue Apr 11, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Dollar amount of fees
Replies: 5
Views: 578

Re: Dollar amount of fees

The expense ratio of mutual funds themselves are deducted daily from the Net Asset Value of the fund. There isn't a deduction from your account per se. That's why you don't see anything directly and why there is nothing for the shareholder to deduct on their taxes. As has already been mentioned, sin...
by Geologist
Sat Apr 08, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Federal Money Market Fund
Replies: 19
Views: 4662

Re: Vanguard Federal Money Market Fund

I was just charged $118.00 for holding funds in the Vanguard Federal Money Market Fund. I will call on Monday to find out why, but I am really annoyed and feel mislead. I was forced to transfer my funds from their Prime MM account because of some regulations but was unaware of any fees. The appeara...
by Geologist
Sat Apr 08, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: What are the mechanics of paying my expense ratio?
Replies: 18
Views: 1308

Re: What are the mechanics of paying my expense ratio?

[ My understanding is that the expense ration charged looks ahead (into the future) and not back (into the past). If I am not correct, then could you cite something as a reference? Here is a quote from a footnote in the Wellington annual report (p. 11): "The expense ratios shown are from the p...
by Geologist
Sat Apr 08, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: What are the mechanics of paying my expense ratio?
Replies: 18
Views: 1308

Re: What are the mechanics of paying my expense ratio?

The Mutual Fund/ETF management company can accrue expenses daily whether they find it convenient to actually take cash daily or not. Some days it would not be convenient to get the cash. For the Wellington Fund Investor Shares (I just happen to have the 2016 annual report handy), based on 2016 actua...
by Geologist
Fri Apr 07, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: What are the mechanics of paying my expense ratio?
Replies: 18
Views: 1308

Re: What are the mechanics of paying my expense ratio?

The expense ratio of mutual funds or ETF's themselves are deducted daily from the Net Asset Value of the fund. There isn't a deduction from your account per se. That's why you don't see anything directly.

Now, if your 401(k) assesses its own fees, how they are deducted may be another matter.
by Geologist
Tue Apr 04, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard automatic Roth investment stops pennies short of maximum yearly contribution?
Replies: 15
Views: 735

Re: Vanguard automatic Roth investment stops pennies short of maximum yearly contribution?

Would an automatic investment of $550/month automatically stop after 10 months at the limit? If so, that would solve your problem. You probably would have to contact Vanguard to get the answer to that question.
by Geologist
Mon Apr 03, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: W2 income tax withheld is different then pay stub compilation
Replies: 9
Views: 810

Re: W2 income tax withheld is different then pay stub compilation

I would agree with Katietsu that "complain" is the wrong verb. I myself have thought there were errors in my W-2 (although not in the income tax withheld). Upon talking with my payroll office, I found out that my summation from paystubs wasn't right. It is therefore fine to inquire about h...
by Geologist
Sun Apr 02, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Spending - is it illegal, or otherwise "bad?"
Replies: 71
Views: 6199

Re: Manufactured Spending - is it illegal, or otherwise "bad?"

The Capital One Quicksilver card pays a $100 bonus for $500 of purchases in the first three months. ............................. Thoughts? You have trouble charging $500 to a CC in 3 months? Seriously? Yeah, I don't get that either. We run thousands a month through our primary rewards card, virtua...
by Geologist
Sun Apr 02, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Manufactured Spending - is it illegal, or otherwise "bad?"
Replies: 71
Views: 6199

Re: Manufactured Spending - is it illegal, or otherwise "bad?"

The Capital One Quicksilver card pays a $100 bonus for $500 of purchases in the first three months. ............................. Thoughts? You have trouble charging $500 to a CC in 3 months? Seriously? Yeah, I don't get that either. We run thousands a month through our primary rewards card, virtua...

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