Search found 1307 matches

by Karamatsu
Sun Jul 02, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: The "angle" at Schwab
Replies: 32
Views: 4101

Re: The "angle" at Schwab

Here's my question: What "angle" should I expect... I've been at Schwab more than 25 years now and have seen the angles change now and then, but generally they are not pushy at all. At my first visit with them (also at a physical office), the representative recommended index funds with ag...
by Karamatsu
Sat Jun 10, 2017 3:21 am
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 138
Views: 7830

Re: 100% Stocks For A Late Starter?

Do you think it is a bad idea?


Yes, assuming that 100% really means 100% of assets, then I think it's a bad idea.. Better to choose a more balanced portfolio.
by Karamatsu
Fri Jun 09, 2017 3:08 am
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 7209

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Does anyone else feel that way? Did anyone else act on similar impulses and purchase stocks like these? No. These things are never as safe or as sure in "real time" as they are in hindsight. Consider right now. What stock seems undervalued compared to your estimate of its potential today?...
by Karamatsu
Fri Jun 02, 2017 5:21 am
Forum: Investing - Theory, News & General
Topic: Dealing with Impatience reaching financial goals
Replies: 30
Views: 3462

Re: Dealing with Impatience reaching financial goals

How do you guys deal with it? Do you also get impatient/restless as you are approaching a major financial milestone (financial independence, retirement, a nice big round number, etc.), do you start really pinching pennies to try to get to that milestone sooner? I suppose I just try to maintain a co...
by Karamatsu
Thu May 18, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Global or Country Fund
Replies: 12
Views: 765

Re: Global or Country Fund

If one does not a opinion on if a currency is going to strengthen or weaken - which most global bond funds don't have - then one can enter into a zero cost collar. Interesting! Clearly it's possible to hedge so that you neither benefit nor lose from exchange rate fluctuations, but how is it possibl...
by Karamatsu
Thu May 18, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Planning (Incarcerated Spouse)
Replies: 5
Views: 1380

Re: Social Security Planning (Incarcerated Spouse)

Thanks for the question and the answer. Good to know,
by Karamatsu
Thu May 18, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a foreign broker. 1099-DIV issue.
Replies: 3
Views: 336

Re: Choosing a foreign broker. 1099-DIV issue.

How much is the 1099-DIV worth? The 1099-DIV isn't worth much at all, as long as you or your broker keep track of dividends received. There are some nuances. For example, return-of-capital often looks like a dividend but isn't. I can imagine the 1099-DIV being especially helpful when dealing with m...
by Karamatsu
Mon May 15, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Global or Country Fund
Replies: 12
Views: 765

Re: Global or Country Fund

I want to do Global Stocks but on the bond side ( 30% ) am I best to go UK ( as i'm based here ) all Global? The usual advice is to invest in equities globally but bonds locally because exchange rate effects can easily overwhelm the yields on high-quality bonds, which in this type of portfolio (lik...
by Karamatsu
Mon May 08, 2017 6:37 am
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 7313

Re: A Boglehead Guide to Buying Individual Stocks

The point would be learning how to value companies rather than actually making money. In that case I found the Streetsmart Guide to Valuing a Stock to be a good practical introduction. Not too simple, not too complicated/theoretical. I recommend that you build a spreadsheet (or write custom softwar...
by Karamatsu
Thu Apr 20, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 39964

Re: Larry Swedroe says "Goodby."

Just adding my thanks. I'm know we're all better investors for your contributions here and I hope somehow we can still be alerted to your articles. Also just personal thanks for all your reasoned arguments about the good, the flawed, the bad, and the ugly, as well as the steady voice during the dark...
by Karamatsu
Wed Apr 19, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for Retirement while Claiming Foreign Earned Income Exclusion
Replies: 11
Views: 975

Re: Planning for Retirement while Claiming Foreign Earned Income Exclusion

If my math is right that gives me 45% US Equities, 40% International Equities and 15% US Treasury Bond. Does this seem reasonable? It certainly seems in the ballpark, which is the best any of us can really do! One thing you'll want to consider when you implement this is whether to reinvest dividend...
by Karamatsu
Wed Apr 19, 2017 3:46 am
Forum: Investing - Help with Personal Investments
Topic: Planning for Retirement while Claiming Foreign Earned Income Exclusion
Replies: 11
Views: 975

Re: Planning for Retirement while Claiming Foreign Earned Income Exclusion

I suppose I'm curious why you would want to have SCHA and SCHX at the same time? If you're ambivalent about which size you want to tilt toward, then perhaps it would be simpler just to have 50% in SCHB? Alternatively, if you want to tilt toward small, you could just eliminate SCHX. Then if you want ...
by Karamatsu
Mon Apr 17, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 1293

Re: I got a FACTA-related form from my home country?

What would the possible repercussions be if I just send back the form saying I am not a US citizen/resident? I have no money in my home country also, except for $1000 in that bank. It is unlikely that anybody here can really answer that question for you, most obviously because you don't identify yo...
by Karamatsu
Sun Apr 16, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 5128

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

I'm not sure how to tell if there is a trend of that kind? If so it would mean that people were too aggressive to begin with.. Personally, the only selling I've done was to rebalance.
by Karamatsu
Sun Apr 09, 2017 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Planning for Retirement while Claiming Foreign Earned Income Exclusion
Replies: 11
Views: 975

Re: Planning for Retirement while Claiming Foreign Earned Income Exclusion

I've not found any clean way to do better than what the OP has described: the usual combination of low-cost index funds, however for someone in their 20s and with plans to return to the US... depending on the amount of your total portfolio you might consider skipping bonds for now and focusing your ...
by Karamatsu
Mon Apr 03, 2017 5:15 am
Forum: Investing - Theory, News & General
Topic: Bankruptcy of Westinghouse Electric
Replies: 79
Views: 8624

Re: Bankruptcy of Westinghouse Electric

This seems like it could get messy fast. Yes, it's already messy. Toshiba is going to take a US$9B loss for the year (for most companies in Japan the fiscal year ends at the end of March, hence the timing of Westinghouse's bankruptcy filing). The other companies manufacturing nuclear reactors in Ja...
by Karamatsu
Fri Mar 31, 2017 4:56 am
Forum: Investing - Theory, News & General
Topic: structured products - Japanese investors chase yield (off a cliff?)
Replies: 3
Views: 746

Re: structured products - Japanese investors chase yield (off a cliff?)

Oh, I'm sure you're right. If you pick up an investment magazine at a Japanese bookstore it fairly oozes snake oil.
by Karamatsu
Fri Mar 31, 2017 4:40 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Stock Taxation
Replies: 1
Views: 226

Re: Foreign Stock Taxation

Usually you are liable for taxes but a bilateral tax treaty governs how much each country is able to demand. If the amounts are serious you should probably ask a tax accountant familiar with the situation in those specific countries (or just the EU in general if there are unified rules). You might s...
by Karamatsu
Fri Mar 31, 2017 4:30 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 12575

Re: When do you plan to die?

For the important things in life, I usually plan as if I'll die today. For financial stuff I usually plan for 100 since it's a round number and seems several sigmas away from likely. But of course expense estimates as a person gets older are nothing but a shot in the dark. Even setting aside politic...
by Karamatsu
Sun Mar 26, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4461

Re: AA after reaching your "freedom number"?

Your "end game" AA is usually what defines your "freedom number," so for most people the two can't really be separated. In my case, for example, the "number" is whatever total account balance I would need to meet the forseeable future financial needs of my family (plus,...
by Karamatsu
Mon Mar 20, 2017 1:57 am
Forum: Investing - Theory, News & General
Topic: Home Country Preference vs Home Country Bias?
Replies: 3
Views: 535

Re: Home Country Preference vs Home Country Bias?

I suspect that "preference" and "bias" are just two names for the same thing, and usage just depends on which way you want to spin it.
by Karamatsu
Sat Mar 18, 2017 9:36 pm
Forum: Investing - Theory, News & General
Topic: Why don't things "feel" bubbly?
Replies: 76
Views: 9414

Re: Why don't things "feel" bubbly?

Maybe it doesn't feel "bubbly" because this time we've learned enough not to buy into the froth, and our asset allocations are balanced enough that a 50% drop in equities might sting, but still not be a threat?
by Karamatsu
Sat Mar 18, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Expat-friendly Roth IRA?
Replies: 7
Views: 561

Re: Expat-friendly Roth IRA?

I second the recommendation for Schwab. If you can open an account with them, you will be able to purchase shares of US ETFs with no problem at all (Schwab ETFs commission-free, Vanguard's for $6.95/trade). You could also open an IRA (traditional or Roth) with them, but as has been pointed out, in o...
by Karamatsu
Sat Mar 18, 2017 7:07 am
Forum: Investing - Theory, News & General
Topic: Expat Wanting to Invest in US Mutual Funds
Replies: 17
Views: 1973

Re: Expat Wanting to Invest in US Mutual Funds

To call it fraud is incredibly insulting. Sorry. It wasn't meant that way. It's a legal term. If one party misleads the other in order to convince them to contract for services, that's fraud in the inducement. When I spoke to Vanguard, they said rather forcefully that their services were only for U...
by Karamatsu
Thu Mar 16, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Expat Wanting to Invest in US Mutual Funds
Replies: 17
Views: 1973

Re: Expat Wanting to Invest in US Mutual Funds

So, I could probably log into Vanguard now, type in my family's American address and pay them with my American account and la di da, unless they didn't like me logging in from abroad. Do keep in mind that, if you do that, you'll technically be committing fraud. It's something that I think many brok...
by Karamatsu
Thu Mar 16, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: tips on buying TIPS: new issue vs secondary market?
Replies: 24
Views: 2610

Re: tips on buying TIPS: new issue vs secondary market?

I buy new issues when I can because there's no cost overhead. No commission, no spread. The only down-side is that you won't know what they yield is until after the auction.
by Karamatsu
Sun Mar 12, 2017 5:32 am
Forum: Investing - Theory, News & General
Topic: Tax-advantaged accounts: Any benefit for U.S. expat in Japan?
Replies: 10
Views: 1186

Re: Tax-advantaged accounts: Any benefit for U.S. expat in Japan?

If so, is there *any* benefit to opening a tax-advantaged account in either country? Yes. My understanding (I'm not a tax expert) is that it's beneficial to open a tax-advantaged account in Japan when Japan's tax on dividends and capital gains (20.315%) is higher than the tax rate on dividends and ...
by Karamatsu
Sun Mar 05, 2017 12:50 am
Forum: Investing - Help with Personal Investments
Topic: How treat foreign savings accounts in your AA?
Replies: 3
Views: 356

Re: How treat foreign savings accounts in your AA?

Personally I just keep cash as a separate top-level AA category (cash, equities, bonds) in each country. But if cash is yielding better than government bonds then I suppose that is a bit of a quandry. Maybe I would do as others have said, and consider it a type of fixed-income investment? That's how...
by Karamatsu
Tue Feb 07, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Bonds
Replies: 11
Views: 1628

Re: Help with Bonds

I considered using something like BND or BIV but then the percentage allocated to the different types of bonds would fluctuate over time as the index composition changed. By slicing-and-dicing more "pure" funds I'm able to keep the allocations clear. But it's just a personal preference, yo...
by Karamatsu
Sat Feb 04, 2017 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Ethically Grading Your Portfolio
Replies: 21
Views: 1623

Re: Ethically Grading Your Portfolio

What resources are available to look at grading a portfolio based on ethical standards? Morningstar's ESG ratings seem like a good option because they're quasi-independent and they presumably apply the same standards across the board. Otherwise most brokers seem to rely on the fund vendor to tell t...
by Karamatsu
Wed Feb 01, 2017 3:13 am
Forum: Investing - Help with Personal Investments
Topic: Help with Bonds
Replies: 11
Views: 1628

Re: Help with Bonds

I'm in the same boat... expatriate, so there's no advantage to US municipal bond funds. My current bond allocation is 40% SCHP (TIPS ETF) 40% SCHR (Intermediate-Term Nominal Treasuries ETF) 20% VCIT (Intermediate-Term Investment-Grade Corporate ETF) The actual portfolio is a bit more complex because...
by Karamatsu
Wed Jan 25, 2017 4:25 am
Forum: Investing - Help with Personal Investments
Topic: U.S. brokerages and retiring abroad
Replies: 24
Views: 2374

Re: U.S. brokerages and retiring abroad

For what it's worth I've been using Schwab overseas since 1990 or so. No problems though there are restrictions: no mutual funds, and recently I heard that they'd stopped offering brokered CD products to overseas residents. I'm pretty sure that if you set up the account in the US and then move overs...
by Karamatsu
Fri Jan 20, 2017 4:35 am
Forum: Investing - Help with Personal Investments
Topic: U.S. citizen in Japan
Replies: 19
Views: 2264

Re: U.S. citizen in Japan

The tax laws keep changing, but if I remember right, one advantage is that you can carry losses forward for three years if they're at a Japanese broker (although this may only apply to Japanese assets... I'd need to check), whereas you can't do that at all with a foreign broker. It's a move to convi...
by Karamatsu
Tue Jan 17, 2017 4:27 am
Forum: Investing - Help with Personal Investments
Topic: U.S. citizen in Japan
Replies: 19
Views: 2264

Re: U.S. citizen in Japan

Regarding the PFICs you can indeed use the mark-to-market regime and invest in non-US-domiciled funds. The paperwork involved is not all that difficult, but you do have to pay attention to detail. If you add to the position over time, it seems like one option would be to combine the cost basis of ne...
by Karamatsu
Tue Jan 10, 2017 11:44 pm
Forum: Investing - Theory, News & General
Topic: Expat Wanting to Invest in US Mutual Funds
Replies: 17
Views: 1973

Re: Expat Wanting to Invest in US Mutual Funds

Saying that you live in the US when you don't in order to induce Vanguard to enter into a contract for services? It's hard to see how that would not be fraud, so personally, I'd avoid doing that, but I share the frustration. Still, if you want to invest in Vanguard funds, bbetter to find a broker th...
by Karamatsu
Mon Dec 26, 2016 5:54 am
Forum: Investing - Help with Personal Investments
Topic: US citizen in Japan - Advice for my painful tax situation
Replies: 15
Views: 2031

Re: US citizen in Japan - Advice for my painful tax situation

You may be able to offset the double-taxation using FTC on one or both sides of the Pacific, but the devil is very much in the details (timing, etc), so I think that, if the amounts are significant, you should shop around at the big tax accounting firms and see how much some advice would cost you. I...
by Karamatsu
Sun Dec 25, 2016 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: US citizen in Japan - Advice for my painful tax situation
Replies: 15
Views: 2031

Re: US citizen in Japan - Advice for my painful tax situation

Only after five years as an alien resident. They don't want immigrants. I countered it by being outside Japan for two years before I went back in with another company. Currently that's five years out of the last ten, These days, if someone lives in Japan for four years, leaves for two, and then com...
by Karamatsu
Fri Nov 18, 2016 4:15 am
Forum: Investing - Theory, News & General
Topic: Retail FX "Investing" [Foreign Exchange]
Replies: 16
Views: 1754

Re: Retail FX "Investing" [Foreign Exchange]

What were the customers doing that they were able to lose their whole initial investment in just six months? I mean, it's rare for a currency value to go completely to zero, so it seems like whatever happened must have been less about the fact that it's FX than the way they were trading. If I just b...
by Karamatsu
Sat Nov 12, 2016 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth venturing into active bond funds?
Replies: 10
Views: 1481

Re: Is it worth venturing into active bond funds?

I wonder though. There's a convincing amount of research on the folly of active management with respect to equities but is there similar research on bonds? Personally I only use passive index funds for bonds, but that's only because of costs and the suspicion that Wall Street doesn't add value for i...
by Karamatsu
Tue Nov 08, 2016 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Bought my first individual stock!
Replies: 33
Views: 4209

Re: Bought my first individual stock!

I suppose the one core thing I see missing (and maybe you've already done it but it's just not listed) is research into the company itself. The six point list could be applied randomly to any company in the industry so the question (which may be what you addressed by checking out Morningstar, but wo...
by Karamatsu
Sat Nov 05, 2016 7:09 am
Forum: Investing - Theory, News & General
Topic: Higher expected returns = Lower expected losses?
Replies: 25
Views: 2275

Re: Higher expected returns = Lower expected losses?

Just curious, but what assets do the bar graphs show the average and maximum drawdowns for? Are they individual stocks? Some basket? How many? And are the graphs derived from real (with or without survivor bias?) or simulated data? I'm guessing there must be a paper somewhere because they're nicely ...
by Karamatsu
Sat Nov 05, 2016 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Schwab web site confusing
Replies: 11
Views: 1859

Re: Schwab web site confusing

I guess you mean having Schwab essentially "pull" funds from your bank account? I always do it the other way ("push") from the bank to Schwab. It's very easy because the bank has already authenticated me. Maybe worth a try if the Schwab process is too convoluted?
by Karamatsu
Tue Nov 01, 2016 8:21 pm
Forum: Investing - Theory, News & General
Topic: Why can't stocks be deterministically/objectively/mechanically priced?
Replies: 75
Views: 5276

Re: Why can't stocks be deterministically/objectively/mechanically priced?

it all seems like a huge and really long collective illusion That's because it is. Or... not entirely. It depends on how you are using the equity markets. When a firm does an IPO in order to get operating cash, that's not illusory. When a person or a firm purchases equity shares in order to gain a ...
by Karamatsu
Sun Oct 23, 2016 3:26 am
Forum: Investing - Help with Personal Investments
Topic: Regrets using ETFs
Replies: 65
Views: 6350

Re: Regrets using ETFs

Or a person might not qualify for Admiral. Everybody qualifies for ETFs! The big advantage I see for mutual funds is the ability to do regular investments, say, every month, without fees or accumulating spread costs. But if you only trade a few times a year, the occasional rebalance, then maybe it's...
by Karamatsu
Sun Oct 23, 2016 3:00 am
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 5162

Re: US Expat in Indonesia

Glad we didn't confuse you! On this: What I worry about is something like an audit notice or any sort of important notice from the IRS is snail-mailed to me, I would not receive until months later or maybe even never receive it. Yes, that's a real concern. In order to save costs the IRS appears to u...
by Karamatsu
Sun Oct 23, 2016 2:49 am
Forum: Investing - Help with Personal Investments
Topic: Regrets using ETFs
Replies: 65
Views: 6350

Re: Regrets using ETFs

At the moment I have no choice but to use ETFs, but if I were in the US I would at least do the math and compare whether the one-time "cost" associated with the spread was offset by higher annual expense ratios for mutual funds versus ETF versions of substantially (or in the case of Vangua...
by Karamatsu
Fri Oct 21, 2016 4:44 am
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 5162

Re: US Expat in Indonesia

Ah, yes. In cases like that I understand the advantage. All in all, in such a situation it would probably be good to e-File if that's an option.
by Karamatsu
Thu Oct 20, 2016 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 5162

Re: US Expat in Indonesia

Not to keep spinning around on all the detail stuff, but why would you want to put a US address on your 1040? I always put my foreign address and haven't run into any difficulties, and I suppose one advantage is that it's clear that I have no US tax home. But really it's just practical: if the IRS n...
by Karamatsu
Wed Oct 19, 2016 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 5162

Re: US Expat in Indonesia

Well, I've already stated my thoughts in general, but the Indonesian tax authority is clearly very interested in getting a handle on overseas assets/accounts. The most likely way they'll enforce that after the current tax amnesty period ends (March, 2017) is to require taxpayers to report overseas a...
by Karamatsu
Wed Oct 19, 2016 3:25 am
Forum: Investing - Help with Personal Investments
Topic: One Penny In IRA--Back Door Roth Possible?
Replies: 6
Views: 1156

Re: One Penny In IRA--Back Door Roth Possible?

Yes, I had a weird thing like that once, too, because when the paperwork finally went through it happened to be during the period between a dividend ex-date and the payment date. If I remember right, my broker just liquidated the account and deposited the balance to my taxable account in cash. Perha...