Search found 418 matches

by SlowMovingInvestor
Sat Feb 17, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Issue - "Foreign source amount included in dividends"
Replies: 11
Views: 759

Re: TurboTax Issue - "Foreign source amount included in dividends"

My layperson's understanding of Form 1116 and the foreign tax credit is that the basic idea is to 1) Split foreign earnings into various 'buckets'. For mutual funds that invest abroad, it's all in the passive income 'bucket' 2) Then check that the amount of tax credit is not greater than the amount ...
by SlowMovingInvestor
Sat Feb 17, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Issue - "Foreign source amount included in dividends"
Replies: 11
Views: 759

Re: TurboTax Issue - "Foreign source amount included in dividends"

I'm currently filling out my taxes and have a meager ($40) foreign tax credit as a result of holding VTIAX in taxable. TurboTax went imported everything okay but is now asking me, as I am about to file, to fill out box 6d "Foreign source amount included in dividends" on my 1099-DIV from VTIAX as pa...
by SlowMovingInvestor
Sat Feb 17, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 125
Views: 6867

Re: I'm Cancelling My Home Insurance

Anyone on here that doesn't have a home insurance policy? What's your experience? My home is paid for and worth about 12% of my net worth and I'm thinking about canceling the homeowners policy and keeping the umbrella policy. If I cancelled and the house burned down, it would just be like a 12% mar...
by SlowMovingInvestor
Fri Feb 16, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT Fund Forms 1099
Replies: 10
Views: 553

Re: Vanguard REIT Fund Forms 1099

I checked right now, and Vanguard has posted a 1099 for me with REIT ETF info included in 1099-DIV
by SlowMovingInvestor
Tue Feb 13, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard VXUS QDI% 2017
Replies: 9
Views: 551

Re: Vanguard VXUS QDI% 2017

What about non-Vanguard ETFs of foreign equities? Are there some with greater than 92% or so QDI? https://www.ishares.com/us/literature/tax-information/2017-qdi-summary-final-364617.pdf Several ETFs that are country specific are at 100% QDI. Even some specific regions such as Europe have high QDI.
by SlowMovingInvestor
Tue Feb 13, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard VXUS QDI% 2017
Replies: 9
Views: 551

Re: Vanguard VXUS QDI% 2017

Here's another way to look at it. Lets assume 30% of the total return of the fund comes from dividends. Of that 30%, 33% is non qualified. So 10% of the total return is non qualified. On that 10%, you would pay an extra 15%-20% in tax (in 2018). So you'd be paying an extra 1.5% to 2% of the fund's r...
by SlowMovingInvestor
Mon Feb 12, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank no penalty CD withdrawal
Replies: 5
Views: 1046

Re: Ally Bank no penalty CD withdrawal

The current balance for my no penalty CD looks to be accurate based on my calculation. Are you sure you're using the Interest Rate and not the Annual Percentage Yield in your calculation? If you're doing a daily compounding in your calculation, you would need to use the Interest Rate / 365 as your ...
by SlowMovingInvestor
Mon Feb 12, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Ally Bank no penalty CD withdrawal
Replies: 5
Views: 1046

Ally Bank no penalty CD withdrawal

I'm thinking of making an early withdrawal from an Ally no penalty CD. I was looking at my account online, and it seemed to show a 'current balance' for the CD, and when I switch to the early withdrawal screen, it seems to show that amount as being available for withdrawal. But the current balance i...
by SlowMovingInvestor
Sun Feb 11, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Orders for Selling ETFs
Replies: 16
Views: 1233

Re: Orders for Selling ETFs

If it were me I would wait until an hour or so after the market opened, verify that there was a decent amount of trading occurring ... There is about one hour of overlap between US and European market hours. I try to trade foreign ETFs during that period. It's the same time as Chips suggestion but ...
by SlowMovingInvestor
Sun Feb 11, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 71
Views: 7573

Re: Ally online savings now at 1.45%

All true. Re simplicity, I have Purepoint tied in with my Chase account and am always able to add or withdraw the next day. Next day? How so quickly? Usually takes 2-3 days for ACH transfers for me from Ally. Purepoint credits incoming transfers initiated from it immediately. I don't know about out...
by SlowMovingInvestor
Sun Feb 11, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Fidelity halts investor purchases of three VIX-focused ETFs
Replies: 12
Views: 1284

Re: Fidelity halts investor purchases of three VIX-focused ETFs

Is anyone bothered by this? I don't think a self-directed brokerage should be squashing investment products unless it's something they are absolutely convinced is a Madoff-like scam or ponzi scheme. I was annoyed to find recently that Merill Edge blocks trading access to a very vanilla, liquid, lar...
by SlowMovingInvestor
Sun Feb 11, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Orders for Selling ETFs
Replies: 16
Views: 1233

Re: Orders for Selling ETFs

This is correct. If you sold only 800 shares, you would deduct a loss on 600 shares, and have a wash sale for the other 200. Thus, even if you have a small gain on the last 200 shares, you'll need to sell them in order to deduct your loss in full. (If you wait, you don't have to worry about shares ...
by SlowMovingInvestor
Sun Feb 11, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: Orders for Selling ETFs
Replies: 16
Views: 1233

Re: Orders for Selling ETFs

Thanks for all the responses. I do have a follow up question. I made a few purchases of IXUS over the last month. As I understand it now, to avoid a wash sale, I have to sell all the purchases within the 30 day period. If (say) I had 1000 shares bought in the last 30 days in lots of 500,300,200 (al...
by SlowMovingInvestor
Sun Feb 11, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: Orders for Selling ETFs
Replies: 16
Views: 1233

Re: Orders for Selling ETFs

Thanks for all the responses. I do have a follow up question. I made a few purchases of IXUS over the last month. As I understand it now, to avoid a wash sale, I have to sell all the purchases within the 30 day period. If (say) I had 1000 shares bought in the last 30 days in lots of 500,300,200 (all...
by SlowMovingInvestor
Sat Feb 10, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Fidelity halts investor purchases of three VIX-focused ETFs
Replies: 12
Views: 1284

Re: Fidelity halts investor purchases of three VIX-focused ETFs

We had at least one major inverse volatility ETN (Credit Suisse) go bust and another ETF hung on by the skin of it's teeth. So, it's not surprising at all that brokers would curtail access to some of the riskier products to retail investors.
by SlowMovingInvestor
Sat Feb 10, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 9
Views: 767

Re: Best options for cash in Schwab brokerage accounts?

dbr wrote:
Sat Feb 10, 2018 12:47 pm
The best option for cash is to invest it in something else that offers better return. Why are you asking this?
There are reasons why you might want to leave cash at a brokerage (rather than transferring to a bank). Meeting account balance limits for bonuses is a good example.
by SlowMovingInvestor
Fri Feb 09, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Reasons to underweight foreign stocks?
Replies: 42
Views: 2008

Re: Reasons to underweight foreign stocks?

I think QDI depends on the type of the tax treaty the US has with the country. Currency risk is much greater with foreign stocks. If you limit yoursrlf to countries with tax treaties that enable dividends to be qualified, country and currency diversification will be lessened and country-specific an...
by SlowMovingInvestor
Fri Feb 09, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 71
Views: 7573

Re: Ally online savings now at 1.45%

About differences between various onlines, let me throw in a gripe about Synchrony. It offers good rates and reasonable customer service. However, it takes 3 days to do an ACH transfer. It seems to take an extra day either way when money is transferred out or in. The extra day of intesrest isn't goi...
by SlowMovingInvestor
Fri Feb 09, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Reasons to underweight foreign stocks?
Replies: 42
Views: 2008

Re: Reasons to underweight foreign stocks?

Foreign funds are not necessarily less tax efficient. You get credit for foreign taxes, and even many dividends are qualified (it depends on whether the US has a tax treaty with the country where the company issuing the dividends is headquartered). There may be some foreign taxes and duties for whi...
by SlowMovingInvestor
Fri Feb 09, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Reasons to underweight foreign stocks?
Replies: 42
Views: 2008

Re: Reasons to underweight foreign stocks?

Foreign funds are not necessarily less tax efficient. You get credit for foreign taxes, and even many dividends are qualified (it depends on whether the US has a tax treaty with the country where the company issuing the dividends is headquartered). There may be some foreign taxes and duties for whic...
by SlowMovingInvestor
Fri Feb 09, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: Bank Loan ETFs
Replies: 2
Views: 228

Bank Loan ETFs

There's an opinion page article on Bloomberg about bank loan ETFs https://www.bloomberg.com/news/articles/2018-02-07/there-s-a-time-bomb-bigger-than-the-vix-in-the-market The article mentions that bank loan ETFs could potentially run into serious problems because of the liquidity mismatch with the a...
by SlowMovingInvestor
Fri Feb 09, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 71
Views: 7573

Re: Ally online savings now at 1.45%

Purepoint is at 1.60% now, too.
by SlowMovingInvestor
Thu Feb 08, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: Orders for Selling ETFs
Replies: 16
Views: 1233

Orders for Selling ETFs

I realized in the last few days that I have more foreign equities exposure than I intended. I wanted to rebalance some positions (primarily in tax advantaged accounts). These are large, well traded ETFs like IXUS and VWO. The holdings per ETFs would be in the 150-200K range. I do not have any free t...
by SlowMovingInvestor
Wed Feb 07, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 157
Views: 8811

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

FYI... There are other better options that also cost $0 - for life! https://www.bogleheads.org/wiki/GnuCash https://www.bogleheads.org/wiki/GnuCash#Quicken_to_GnuCash_conversion I've been a decade+ long user of Quicken (and was with MS-Money earlier), and I would never go back to Quicken again give...
by SlowMovingInvestor
Wed Feb 07, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: donating a car to charity?
Replies: 13
Views: 573

Re: donating a car to charity?

I wouldn't use Carmax. They quoted me $500 for my older Audi A4. I sold it in less than a week through Autotrader for $2500. If you want to make a donation, you may be better off selling it on Craigslist and then donating the money. The whole point of donating a car is to get a favorable appraisal ...
by SlowMovingInvestor
Wed Feb 07, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Indian Stock Market - Fund selection
Replies: 19
Views: 1765

Re: Investing in Indian Stock Market - Fund selection

Why single market? it is too risk. political, currency, economical. just by total int'l fund you will couple of % of india. The OP said his mother (who is presumably an Indian resident) wants to invest in the Indian stock market. Even if Indian residents can hold intl funds, presumably she wants to...
by SlowMovingInvestor
Wed Feb 07, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Huge afternoon stock drop on 2.5.2018 and stock raise on 2.6.2018 is caused by mutual fund holders
Replies: 46
Views: 6766

Re: Huge afternoon stock drop on 2.5.2018 and stock raise on 2.6.2018 is caused by mutual fund holders

I am pretty sure that mutual fund trades are priced at the end of the day, but the trading in the underlying securities goes on all day as the markets are open. No way to front run that. This is true for active funds. Index funds will buy and sell towards the end of the day based on orders to avoid...
by SlowMovingInvestor
Wed Feb 07, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: No Emergency Funds yet Major Car Emergency
Replies: 47
Views: 2995

Re: No Emergency Funds yet Major Car Emergency

If you have AAA, you can get them to tow you for free (upto 3 miles). If not, you can sign up and get them to tow you (but there may be a waiting period).
by SlowMovingInvestor
Wed Feb 07, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Two Foreign Currency Questions
Replies: 11
Views: 526

Re: Two Foreign Currency Questions

Losses on 'personal' foreign currency transactions cannot be deducted. Foreign exchange transactions for a visit/stay abroad, or in preparation for a visit abroad, are personal transactions'. Not sure I agree, I am not taking a loss on the CHF that I spent. The CHF that I took out at the ATM and sp...
by SlowMovingInvestor
Wed Feb 07, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Two Foreign Currency Questions
Replies: 11
Views: 526

Re: Two Foreign Currency Questions

Losses on 'personal' foreign currency transactions cannot be deducted. Foreign exchange transactions for a visit/stay abroad, or in preparation for a visit abroad, are personal transactions'. Foreign currency CDs are a different matter. They are intended as investments, and hence foreign currency lo...
by SlowMovingInvestor
Tue Feb 06, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does Schwab ever offer transfer bonus into existing accounts
Replies: 20
Views: 2025

Re: Does Schwab ever offer transfer bonus into existing accounts

I did ask for and receive a bonus of $300 for a rollover of 401K funds to an existing IRA. I did go through my assigned consultant for the request- he mentioned there were some hurdles for him to clear, but we has able to work through them. Was the 401k at Schwab ? No. It was new funds to Schwab. T...
by SlowMovingInvestor
Tue Feb 06, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 157
Views: 8811

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

Sorry if this is a naive question ( I am new to Quicken), but does inability to download from brokerages once Quicken sub expires also preclude you from downloading QFX files, or some other format files from the brokerages and importing into Quicken by loading the file ? So is only manual keying in ...
by SlowMovingInvestor
Tue Feb 06, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Does Schwab ever offer transfer bonus into existing accounts
Replies: 20
Views: 2025

Re: Does Schwab ever offer transfer bonus into existing accounts

chw wrote:
Tue Feb 06, 2018 10:58 am
I did ask for and receive a bonus of $300 for a rollover of 401K funds to an existing IRA. I did go through my assigned consultant for the request- he mentioned there were some hurdles for him to clear, but we has able to work through them.
Was the 401k at Schwab ?
by SlowMovingInvestor
Tue Feb 06, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Merrill Lynch site crashed today (VG fine)
Replies: 20
Views: 1401

Re: Merrill Lynch site crashed today (VG fine)

I'm guessing the back end systems of some brokerages aren't set up to handle this spike in load.

ME wasn't working for me for a while, but it just started working.
by SlowMovingInvestor
Mon Feb 05, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 157
Views: 8811

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

So, as a Quicken newbie, what happens if the Account duration is reset to 90 days ? Does that mean that after 90 days, a user wouldn't be able to do automatic downloads from brokerages, but would have to enter transactions/holdings manually ? What I really want to use it for mostly is just to get a ...
by SlowMovingInvestor
Mon Feb 05, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 847
Views: 144260

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For those contemplating E*Trade, they added some new ETFs to their commission-free list yesterday, including ITOT (iShares Core S&P Total U.S. Stock Market) and IXUS (iShares Core MSCI Total International Stock Market) among others . And they have several of Schwab's low cost index funds available ...
by SlowMovingInvestor
Mon Feb 05, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 847
Views: 144260

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Thanks to the markets starting the year well, I just passed $50k in a Roth IRA at Fidelity. What's the best bonus offer currently available? Best I can find is Capital One (and a couple of others) at $200 or Merrill Edge at $225, though that may only be for "preferred" clients, which would require ...
by SlowMovingInvestor
Sat Feb 03, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 3960

Re: Amazon Stock - Can this giant be stopped?

LFKB wrote:
Sat Feb 03, 2018 9:48 pm
It sets up well in my view to grow faster than the overall market as a result.
It's PE is about 10 times that of the market, so it needs to grow much faster than the market.
by SlowMovingInvestor
Sat Feb 03, 2018 8:59 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 3960

Re: Amazon Stock - Can this giant be stopped?

I just use Amazon's free 5-7 day shipping. In most cases, goods arrive well within 5 days. It's not hard for me to make it up to $25, since I have a staple snack that I add to bring price up to $25. A few days back, I wanted to cash in a large number of coins and discovered that most Coinstar machin...
by SlowMovingInvestor
Sat Feb 03, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Bank signup bonus 1099
Replies: 36
Views: 2462

Re: Bank signup bonus 1099

A $200 bank bonus is going to have $20-100 due depending on your federal and state tax brakcets. It’s not insignificant which is why I recommend keeping good track of all bonus you receive and not just spending them as they come in. My wife and I had over $10,000 in bonus interest in 2017. That’s a...
by SlowMovingInvestor
Sat Feb 03, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 3960

Re: Amazon Stock - Can this giant be stopped?

Does anyone here actually know how Amazon makes money? AWS is pretty profitable. I am less sure about most of AMZN's other operations. Government is absolutely a big risk of Amazon -- that was what caused problems for MSFT as well (although ultimately, it was competition, not government that knocke...
by SlowMovingInvestor
Sat Feb 03, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign accounts or assets
Replies: 3
Views: 274

Re: Foreign accounts or assets

My tax software is asking about foreign accounts or assets. Does anyone know if ownership of a Vanguard international index mutual fund within a taxable account counts as foreign accounts or assets? It also asks about if I have financial interest (I would assume so, if I benefit from increases in m...
by SlowMovingInvestor
Sat Feb 03, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 847
Views: 144260

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Looks like Merrill brought back the MoneyShow promotion with higher tiers (e.g. $1k for $200k again), for both cash and IRA accounts. Expires March 30, 2018 I signed up for the Money Show account bonus back in Oct for so. Still haven't reached the 6 month period, so I don't know if they'll actually...
by SlowMovingInvestor
Thu Feb 01, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Which non Vanguard Bond fund for Bogle-like investment?
Replies: 5
Views: 486

Re: Which non Vanguard Bond fund for Bogle-like investment?

Also, AGG (iShares bond ETF) is available commission free at Fidelity.
by SlowMovingInvestor
Thu Feb 01, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 414
Views: 81993

Re: Bank of America/Merrill Edge - Preferred Rewards

I strongly recommend against boa auto pay through ebills. I had it before for one credit card and paid less attention on its payments until a collection letter came. It turns out the ebill is tied to the credit card number, not the account itself. So if the card number changes for any reason, their...
by SlowMovingInvestor
Thu Feb 01, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: International Real Estate Funds
Replies: 3
Views: 337

International Real Estate Funds

I'm wondering whether international real estate funds/ETFs (like VNQI or IFGL) should go into taxable accounts or tax advantaged accounts. Normally, REITS should go into tax advantaged accounts, but international real estate funds are a little different. Most of the underlying stocks aren't really A...
by SlowMovingInvestor
Thu Feb 01, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Ric Edelman: Vanguard, Other Bitcoin Deniers Will Eat Their Words
Replies: 47
Views: 6037

Re: Ric Edelman: Vanguard, Other Bitcoin Deniers Will Eat Their Words

I remember many years ago (late 90s ?), Ric used to rant against index funds. I stopped paying much attention to him then.
by SlowMovingInvestor
Thu Feb 01, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 847
Views: 144260

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

If you don't track which shares (cost basis-wise) are transferred to which brokerage, how do you calculate your taxes if you decide to sell some? Cost basis for shares will transfer as well. I always save the information before transfer and check after. The particular shares that actually transfer ...
by SlowMovingInvestor
Wed Jan 31, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 4563

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

I didn't want to clutter the post by reasserting the same points, but I am still not sure why, from the IRS's point of view: 1. You can transfer 100k into Merrill Edge and they can put a $100 cash bonus into your Roth IRA that doesn't count against your $5500 2. You cannot redeem 80,000 Membership ...
by SlowMovingInvestor
Tue Jan 30, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: If you're really rich you're probably not an index-fundi Boglehead
Replies: 61
Views: 10898

Re: If you're really rich you're probably not an index-fundi Boglehead

I'm sure if Paul Allen (Why would you leave that corporate Job at Honeywell), Jeff Bezos ("Selling books online, you're crazy you need to ride it out until your 60 with that high paying job on Wall St) , Mark Cuban (Why didn't you sweep the floor at the IBM store as your supervisor instructed) etc ...