Search found 1604 matches

by Ketawa
Sat Feb 06, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Netspend 1099's?
Replies: 11
Views: 953

Re: Netspend 1099's?

On the same 1099 question: I just joined Netspend late last year. My account has not generated any interest yet - but I did receive $20 for using a referral. Is the $20 a taxable reward? I have not received a 1099 for it yet. It is probably taxable. I'll know for sure when my 1099-INT arrives, sinc...
by Ketawa
Sat Feb 06, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 438
Views: 259604

Re: Mango prepaid card - 4.8% (effective) APY

I received my 1099-INT for the 'old' Mango MasterCard today via snail mail. It was from Rev Worldwide. To my surprise, they did not count the $20 bonus from when I setup direct deposit - just my normal interest. I would think the $20 bonus should be counted as income, not interest. The 1099-INT is ...
by Ketawa
Sat Feb 06, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Netspend 1099's?
Replies: 11
Views: 953

Re: Netspend 1099's?

On the same 1099 question: I just joined Netspend late last year. My account has not generated any interest yet - but I did receive $20 for using a referral. Is the $20 a taxable reward? I have not received a 1099 for it yet. It is probably taxable. I'll know for sure when my 1099-INT arrives, sinc...
by Ketawa
Tue Feb 02, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: W4 Configuration for DINK's?
Replies: 14
Views: 649

Re: W4 Configuration for DINK's?

There are benefits to not getting a refund from the IRS when you file your taxes. For example, if there is a problem with your return or your identity is stolen, it can hold up the refund. You are also giving a interest-free loan to the government. Here are steps to take control of your paycheck, al...
by Ketawa
Fri Jan 29, 2016 7:06 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14322

Re: QSPIX Nightmare - Closed Off to Retail Investors

Prior to October, anyone could purchase QSPIX at Fidelity at low minimum. After the October change, you could only purchases QSPIX via an RIA or 7-figure minimums. Now similar actions at Scottrade, although apparently applying to both QSPNX and QSPIX. I'm curious if Fidelity still has QSPNX at low ...
by Ketawa
Fri Jan 29, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 438
Views: 259604

Re: Mango prepaid card - 4.8% (effective) APY

If you have 3 of the original netspends, then you are capped out on MetaBank-backed cards and you can't get an ACE or Western Union. You can only add Brinks or HEB to the original Netspend. No reason to get ACE or Western Union if you have 3 netspends. Just to make sure I understand, I can go to ne...
by Ketawa
Fri Jan 29, 2016 5:56 pm
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14322

Re: QSPIX Nightmare - Closed Off to Retail Investors

It appears that AQR may have chosen to begin enforcing their minimums and/or RIA requirements. First at Fidelity in October and now at Scottrade. Who knows if AQR was oblivious regarding QSPIX $100 minimums at Scottrade, or if they were aware but tolerated it for unknown reasons. Either way, it loo...
by Ketawa
Fri Jan 29, 2016 11:09 am
Forum: Investing - Theory, News & General
Topic: QSPIX Nightmare - Closed Off to Retail Investors
Replies: 129
Views: 14322

Re: QSPIX Nightmare - Closed Off to Retail Investors

Well, I shares for the low volatility version is still open, QSLIX. I'll probably consolidate at Fidelity in the near future unless things change with Scottrade. Most of my Roth IRA is already at Fidelity anyway. I was using Scottrade for my IRA contribution this year due to the lower N shares minim...
by Ketawa
Wed Jan 27, 2016 2:12 pm
Forum: Personal Consumer Issues
Topic: Best Netflix/YouTube interface for the Big Screen?
Replies: 44
Views: 1638

Re: Best Netflix/YouTube interface for the Big Screen?

JupiterJones wrote:Chromecast also lets you stream any video file you happen to have on your computer. (I think you can play your own videos via Roku also, but you have to put it on a USB drive first, then physically plug the drive in maybe?)


The best way to do this is with Plex.
by Ketawa
Wed Jan 27, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Modems and Routers
Replies: 29
Views: 2643

Re: Modems and Routers

I'll keep checking but realistically, my internet is fast enough to do whatever I use it for, including Netflix. If I can count my money in 1/100th of a millisecond versus 3/100ths of a millisecond, isn't that good enough? Sometimes perfect is the enemy of good enough. It's more a matter of fiscal ...
by Ketawa
Wed Jan 27, 2016 11:34 am
Forum: Personal Consumer Issues
Topic: Best Netflix/YouTube interface for the Big Screen?
Replies: 44
Views: 1638

Re: Best Netflix/YouTube interface for the Big Screen?

I used a Chromecast for a while. Later, when I cut the cable cord and purchased Sling TV, I bought a Roku 3 for 50% off with a signup promotion. Hands down, I prefer the Roku. A streaming device with a dedicated remote is a lot more reliable than one using a phone to cast/control it. I regularly use...
by Ketawa
Sun Jan 24, 2016 2:27 am
Forum: Personal Finance (Not Investing)
Topic: What is the trap of interest-only mortgage?
Replies: 8
Views: 1103

Re: What is the trap of interest-only mortgage?

You need to read the small print very carefully. I give it very little chance that this is a 1.282% APR loan rate for the first ten years in this market. This is probably even worse than an interest-only mortgage. It is highly likely that this is a negative amortization loan. The 1.282% APR is prob...
by Ketawa
Sun Jan 24, 2016 1:17 am
Forum: Personal Finance (Not Investing)
Topic: What is the trap of interest-only mortgage?
Replies: 8
Views: 1103

Re: What is the trap of interest-only mortgage?

Why would you have to pay a huge lump sum after the fixed rate period on your ARM has ended? Refinance at that time if the rate resets too high. I'm not sure why you would be worried about that, but an interest-only mortgage would only make that problem worse. Another big risk is that you are unable...
by Ketawa
Thu Jan 21, 2016 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Screwed up tax loss harvesting
Replies: 17
Views: 1053

Re: Screwed up tax loss harvesting

Take your lumps and buy your replacement holding now. There's no sense in waiting.

If you wait to buy until a pullback, why not do that with the rest of your portfolio? Answer: it's market timing. You can't predict when or if there will be a pullback.
by Ketawa
Thu Jan 21, 2016 9:43 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7014

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

Scottrade is forcing me to subtract $17 for tranaction fees for buying QSPIX. Is there a way to avoid that fee as some mention in this thread. I have devided to pull the plug on the QSPIX rocket ship before the takeoff. AQR funds typically have 3 different share classes: I, N, and R6. I shares alwa...
by Ketawa
Wed Jan 20, 2016 1:58 pm
Forum: Investing - Theory, News & General
Topic: Why buy now, why not wait until the market really crashes??
Replies: 79
Views: 9217

Re: Why buy now, why not wait until the market really crashes??

I am still learning, and I am staying the course with my portfolio 2/3 stocks, 1/3 bonds. I am seeing my portfolio steadily drop and have unrecognized losses of quite a bit. However; I see people saying they are buying. Why? The market is only down 12% or so, correct? Why buy stocks now, why not wa...
by Ketawa
Tue Jan 19, 2016 6:49 pm
Forum: Personal Consumer Issues
Topic: Encryption of Data
Replies: 34
Views: 2454

Re: Encryption of Data

I started to test drive VeraCrypt this weekend on my laptop. So far, I'm satisfied with it. There are some limitations. At this time, it's impossible to use system drive encryption with a UEFI laptop, which is basically any modern laptop. Instead, I set up a volume where essentially all of my perso...
by Ketawa
Tue Jan 19, 2016 12:19 am
Forum: Personal Consumer Issues
Topic: Encryption of Data
Replies: 34
Views: 2454

Re: Encryption of Data

My research indicates people like VeraCrypt. From what I gather it works like TrueCrypt? I've also seen mentioned here AxCrypt, although I don't totally understand the discussion (https://www.bogleheads.org/forum/viewtopic.php?f=11&t=155329&p=2329853&hilit=encryption#p2329853). Advice o...
by Ketawa
Fri Jan 15, 2016 9:55 am
Forum: Investing - Theory, News & General
Topic: What do you use to calculate total % up or down each year?
Replies: 37
Views: 1657

Re: What do you use to calculate total % up or down each year?

No transactions YTD. Positive beginning balances in all accounts. Quicken says -55.50 YTD IRR. XIRR says -58.20 YTD IRR. YTD actual returns are -2.84 using Quicken IRR and -3.06 using XIRR IRR. Vanguard 3 fund total market index funds weighted to correspond to my portfolio -3.41 YTD. Not sure I com...
by Ketawa
Mon Jan 11, 2016 4:22 pm
Forum: Investing - Theory, News & General
Topic: Can someone simplify the Asset Location debate?
Replies: 86
Views: 4003

Re: Can someone simplify the Asset Location debate?

Let me make this clear: in my model, r_s and r_b are the *expected* return rates of stocks and bonds, *prior* to the decision (I see that wasn't clear in my post; I'll edit). It's not after the fact. If you believe that stocks will make an enormous amount of money, then you should be more inclined ...
by Ketawa
Mon Jan 11, 2016 3:11 pm
Forum: Investing - Theory, News & General
Topic: Can someone simplify the Asset Location debate?
Replies: 86
Views: 4003

Re: Can someone simplify the Asset Location debate?

Edit - misunderstood model, see this below post . This is simple: if r_s < r_b, then stocks both expose less gain to the tax man and are taxed at a lower rate. Clearly, then, you would put stocks in your taxable account. But, overall, the point of the model is indeed to plug different numbers in and...
by Ketawa
Mon Jan 11, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: Can someone simplify the Asset Location debate?
Replies: 86
Views: 4003

Re: Can someone simplify the Asset Location debate?

In your example, comparing wealth at the end of a number of years is like comparing the results of a 60/40 portfolio to a 40/60 portfolio. What really needs to be done is to compare the yearly tax cost of assets by holding them in taxable vs tax-free. I'm afraid I don't understand. I've accounted f...
by Ketawa
Mon Jan 11, 2016 1:41 pm
Forum: Investing - Theory, News & General
Topic: Can someone simplify the Asset Location debate?
Replies: 86
Views: 4003

Re: Can someone simplify the Asset Location debate?

There is another difference between the two portfolios. Assets are less risky in taxable than in a Roth IRA. For example, with stocks in taxable, the government shares in your losses through TLH and takes some of your gains through taxation. Thanks for pointing that out. I'm still figuring out TLH....
by Ketawa
Mon Jan 11, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: Can someone simplify the Asset Location debate?
Replies: 86
Views: 4003

Re: Can someone simplify the Asset Location debate?

The portfolio does not seem to be rebalanced. Have I missed anything? Already an omission found. Yeah, that's right - I've assumed you're not reallocating those amounts as they grow. If you want to have fun, the following Canadian site went through this kind of calculations; taxable vs tax-advantag...
by Ketawa
Mon Jan 11, 2016 1:22 pm
Forum: Investing - Theory, News & General
Topic: Can someone simplify the Asset Location debate?
Replies: 86
Views: 4003

Re: Can someone simplify the Asset Location debate?

I find simple models to be illuminating, especially for formalizing assumptions. I'll give that a try here. Suppose you are going to put x_s amount of money towards stocks, and x_b toward bonds. I'm assuming these are after-income-tax amounts. You're going to put one of these amounts into a Roth IR...
by Ketawa
Mon Jan 11, 2016 11:27 am
Forum: Personal Consumer Issues
Topic: First Time Buying Furniture
Replies: 30
Views: 2549

Re: First Time Buying Furniture

Shopping for a mattress, I would recommend looking into the "bed in a box" type mattresses. I recently had to replace an innerspring mattress after about 5 years of use since it started to sag in the middle. The new latex foam mattresses that come in the mail are affordable, have transpare...
by Ketawa
Mon Jan 11, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Small Cap Value --> Good Alternative?
Replies: 5
Views: 256

Re: Tax Loss Harvesting Small Cap Value --> Good Alternative?

If you are willing to use ETFs, I would use VIOV or IJS. Otherwise, I don't think there are any similar options for small cap value mutual funds. You might just switch to Vanguard Small Cap Blend, wait the needed amount of time, then switch back to SCV regardless of whether you have a gain in SCB, a...
by Ketawa
Sun Jan 10, 2016 11:02 pm
Forum: Investing - Theory, News & General
Topic: Can someone simplify the Asset Location debate?
Replies: 86
Views: 4003

Re: Can someone simplify the Asset Location debate?

That robs you of the option of tax loss harvest which can make you some money.... Also, the capital gains in your IRA will be taxed at income tax level - potentially not in your taxable (depends on your actual income tax bracket at time of sale) and not at all in Roth Properly adjusted, Roth and Tr...
by Ketawa
Sun Jan 10, 2016 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Monthly TSP investment not posted yet
Replies: 11
Views: 1037

Re: Monthly TSP investment not posted yet

My contribution posted on January 6. Last February, my contribution didn't post until February 9. Both times, there were changes to the Coast Guard's Direct Access system that probably contributed to delays. My contribution is almost never delayed into the next month. I noticed one other time since ...
by Ketawa
Sun Jan 10, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7282

Re: Small value underperformance, DFA

Daniel is the only person I have read who is willing to call it out and go against the tide. To get the real Small Value Tilt you have to go through a DFA Advisor and buy DFA funds to get the "Secret Sauce" which then does not outperform plain indexing Criticism of small and value tilts i...
by Ketawa
Sun Jan 10, 2016 12:00 pm
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7014

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

SnowSkier wrote:
Ketawa wrote:I have a total of about $10k in four N shares funds to allow me to rebalance regularly.


Ketawa, which three, in addition to QSPNX?

Perhaps QMNNX? QLENX? Others?


I have QSPNX, QSMNX, QICNX, and QEENX. I have a lot more in I shares for those funds.
by Ketawa
Sun Jan 10, 2016 11:50 am
Forum: Investing - Theory, News & General
Topic: VWO: what a terrible performance!!
Replies: 79
Views: 7546

Re: VWO: what a terrible performance!!

This makes it sound as if index construction were an exact science rather than a somewhat flexible art. What is an emerging market or a developed market anyway, and what does that mean for index construction? Greece is in the FTSE Europe index while being classified as an emerging market, but other...
by Ketawa
Fri Jan 08, 2016 9:20 pm
Forum: Investing - Theory, News & General
Topic: Is BNDX (total international bond) and its utilization in target date funds terrible?
Replies: 35
Views: 1740

Re: Is BNDX (total international bond) and its utilization in target date funds terrible?

That shows that if the SEC yield on total (US) bond didn't go up or only went up around 0.07% then it would have had a higher return. The point was that the currency forwards don't cover the difference in yield entirely. That could be the case, but there are a lot of other factors making it difficu...
by Ketawa
Fri Jan 08, 2016 8:55 pm
Forum: Investing - Theory, News & General
Topic: Is BNDX (total international bond) and its utilization in target date funds terrible?
Replies: 35
Views: 1740

Re: Is BNDX (total international bond) and its utilization in target date funds terrible?

At the current time, BNDX (total international bond) is far inferior to BND (total US bond) for a couple of obvious reasons: 1- The yield is lower, 1.06% vs. 2.44% 2-The duration (risk) is longer at 7.4 years vs. 5.8 years 3- The credit risk is worse. The debt profile and risk of countries like Jap...
by Ketawa
Fri Jan 08, 2016 9:53 am
Forum: Investing - Theory, News & General
Topic: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open
Replies: 74
Views: 7014

Re: AQR Style Premia Alternative (QSPIX) to close; AQR Style Premia Alternative II to open

I have a total of about $10k in four N shares funds to allow me to rebalance regularly. $25 per year in higher ER is a small price for me to pay in order to rebalance back to my target allocation as needed, avoiding brokerage fees.
by Ketawa
Fri Jan 08, 2016 1:23 am
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7282

Re: Small value underperformance, DFA

QSPIX has provided some good evidence that tilting works. QSPIX invests in four different types of pure factor tilts in a wide range of global asset classes. Since its inception a little over two years ago, a global fund like VT is up 1.7%. QSPIX is up 27.5% with far less volatility, while overcomin...
by Ketawa
Fri Jan 08, 2016 1:04 am
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7282

Re: Small value underperformance, DFA

Daniel is the only person I have read who is willing to call it out and go against the tide. To get the real Small Value Tilt you have to go through a DFA Advisor and buy DFA funds to get the "Secret Sauce" which then does not outperform plain indexing Criticism of small and value tilts i...
by Ketawa
Thu Jan 07, 2016 11:16 am
Forum: Investing - Theory, News & General
Topic: VOO as a % of SP500 index
Replies: 29
Views: 1643

Re: VOO as a % of SP500 index

I think that is badly phrased and probably incorrect. Otherwise, why would any fund pay out dividends? They would be doing a disservice to their shareholders by making them pay higher taxes. I think what it means to say is that a fund collects dividends from its holdings, then reinvests them in the...
by Ketawa
Thu Jan 07, 2016 11:00 am
Forum: Investing - Theory, News & General
Topic: VOO as a % of SP500 index
Replies: 29
Views: 1643

Re: VOO as a % of SP500 index

Vanguard is showing VOO as making regular distributions, quarterly, "distribution type: dividend." However it does talk about "Unrealized appreciation/depreciation as a % of NAV: 39.04%" and all I can say is that whatever the heck that is, it's a big percentage. "Unrealized...
by Ketawa
Thu Jan 07, 2016 10:55 am
Forum: Investing - Theory, News & General
Topic: VOO as a % of SP500 index
Replies: 29
Views: 1643

Re: VOO as a % of SP500 index

NASDAQ's ETF FAQ says 5. Do ETFs always pay out the full dividend of all its constituent stocks? Yes, ETFs always collect the full dividend of all constituent stocks and always 'pay out' the dividends to the ETF shareholder. This can be a cash distribution or a reinvestment in the ETFs' underlying ...
by Ketawa
Thu Jan 07, 2016 10:13 am
Forum: Investing - Theory, News & General
Topic: VOO as a % of SP500 index
Replies: 29
Views: 1643

Re: VOO as a % of SP500 index

My guess for why the graph would show VOO's price increasing relative to the S&P 500 Index is that the fund retains dividends and keeps them invested until the dividend is paid, while the index is calculated with dividends paid daily as they occur. You get a little bit of an effect where each sh...
by Ketawa
Wed Jan 06, 2016 11:54 pm
Forum: Investing - Theory, News & General
Topic: Small Value ETF DES
Replies: 3
Views: 417

Re: Small Value ETF DES

I would not use a dividend fund since it is an inefficient way to invest in the value premium, especially in taxable accounts. On top of that, I would not necessarily want to use a fund provider like WisdomTree in taxable. In tax-advantaged, it isn't as bad, but I still think there are better option...
by Ketawa
Wed Jan 06, 2016 11:38 pm
Forum: Investing - Theory, News & General
Topic: VWO: what a terrible performance!!
Replies: 79
Views: 7546

Re: VWO: what a terrible performance!!

I went to the Morningstar website and looked up VEIEX. M* shows VEIEX trailing its category (diversified emerging markets) by 63 basis points per year for the last 5 years and 153 basis points per year for the last 3 years. The average emerging market fund has an expense ratio that is at least 120 ...
by Ketawa
Wed Jan 06, 2016 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Options for Emerging Markets, Intl Small Caps, Active Managed Small Cap, and Small Cap value
Replies: 7
Views: 424

Re: TLH Options for Emerging Markets, Intl Small Caps, Active Managed Small Cap, and Small Cap value

It's not even a month I have a TLH oppurtunity on VTIAX. The current VTIAX position is result of the round trip VTIAX->VFWAX(sold on 12/18/05)->VTIAX (bought on 12/19, got Q4' 2015 distribution here). Please can one of you let me know 1 ) what is the second TLH partner for VTIAX apart from VFWAX (1...
by Ketawa
Wed Jan 06, 2016 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Options for Emerging Markets, Intl Small Caps, Active Managed Small Cap, and Small Cap value
Replies: 7
Views: 424

Re: TLH Options for Emerging Markets, Intl Small Caps, Active Managed Small Cap, and Small Cap value

VEMAX/VWO: SCHE or IEMG, preferably SCHE since it follows an FTSE index
VSS: SCHC, although unfortunately this leaves out emerging small caps
VSTCX, VBR: replace with one small cap value fund like VIOV or IJS
by Ketawa
Wed Jan 06, 2016 12:09 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 95
Views: 6202

Re: Netflix, Your Current Favorite Show

Surprised not to have seen Master of None on this list. That's one of my favorite shows of the past year. Well worth a look, and worth sticking with after the first few episodes. I also enjoyed Jessica Jones and Making of a Murderer. If you need to get your money's worth, check out Bob's Burgers --...
by Ketawa
Wed Jan 06, 2016 11:45 am
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 95
Views: 6202

Re: Netflix, Your Current Favorite Show

I don't think I can commit to watching Making a Murderer. I've seen The Thin Blue Line and all the Paradise Lost movies, which are excellent. I listened to Serial but didn't like it that much. I doubt I'm going to get anything more out of Making a Murderer to make it worth 10 hours of my time just t...
by Ketawa
Tue Jan 05, 2016 10:09 am
Forum: Personal Consumer Issues
Topic: Premier Rewards Gold
Replies: 6
Views: 475

Re: Premier Rewards Gold

You should probably cancel it, but you're definitely not using the AMEX Membership Rewards (MR) points effectively. Gift cards are a terrible value. Transfer them to Delta, Hawaiian Airlines, or British Airways (pretty cheap short flights on American) and redeem them for flights. Choice Hotels are a...
by Ketawa
Mon Jan 04, 2016 4:10 pm
Forum: Investing - Theory, News & General
Topic: Higher yields do not [always] imply lower bond fund NAV
Replies: 31
Views: 1208

Re: Higher yields do not imply lower bond fund NAV

The flaw, in what we're often lead to believe, is to think that the NAV of a bond fund (total market or not) is attached to interest rates. That when rates are higher, the NAV is lower, and when rates are lower, the NAV is higher. For example, we are told that since interest rates have been droppin...
by Ketawa
Mon Jan 04, 2016 1:51 pm
Forum: Investing - Theory, News & General
Topic: Higher yields do not [always] imply lower bond fund NAV
Replies: 31
Views: 1208

Re: Higher yields do not imply lower bond fund NAV

One of the objectives of the second part of my post is to help distinguish clearly between a total-market stock fund a total-market bond fund. While both can have their NAV fluctuate daily, the bond fund NAV has a major distinction: it is anchored to a relatively fixed "par" value. Note m...

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