Search found 251 matches

by Sublime8700
Mon Aug 22, 2016 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain
Replies: 10
Views: 586

Re: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain

Presumably there is a way to essentially offset the risk of holding the security with options etc. but that would be relatively complicated. The idea would be that it would result in me being long the stock and short the derivative so I wouldn't have any actual exposure to the stock. This seems comp...
by Sublime8700
Mon Aug 22, 2016 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain
Replies: 10
Views: 586

Re: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain

I suppose the risk of holding an individual security is outweighed by the reward of holding it until death at which point successors would be entitled to a stepped up cost basis? My understand of that is that if the security had a basis of $5 now and was trading at $50 and i didn't do anything and d...
by Sublime8700
Mon Aug 22, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain
Replies: 10
Views: 586

VC Fund - Long Term Cap Gain - Avoiding Large Cap Gain

Hi All - I'll be a bit vague here on the details as I don't think they matter: I was fortunate to invest in a venture capital fund that had a holding it had invested in IPO and. When the lock-up period ends the the shared are distributed there will be a very large capital gain for me as investor. On...
by Sublime8700
Tue Aug 02, 2016 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Tax Planning and Angel/VC Investments
Replies: 1
Views: 202

Tax Planning and Angel/VC Investments

Against the better judgment of this forum (and all I have learned from so many of you) I have made my first Angel Investment. Now I'm trying to figure out how to make it as tax efficient as possible. A few articles that piqued my interest: 1. http://www.forbes.com/sites/edwardzimmerman/2016/07/18/gi...
by Sublime8700
Tue Aug 02, 2016 12:06 am
Forum: Investing - Help with Personal Investments
Topic: CA Long-Term Munis v CA Interm. Term Munis ?
Replies: 4
Views: 482

Re: CA Long-Term Munis v CA Interm. Term Munis ?

So in sum, the mechanics are such that there is really a very limited difference in duration and it probably wouldn't make much difference (risk or reward) to go out to Long Term CA instead of Intermediate Term... a slightly higher risk and a slightly higher reward but nothing particularly notable?
by Sublime8700
Mon Aug 01, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: CA Long-Term Munis v CA Interm. Term Munis ?
Replies: 4
Views: 482

CA Long-Term Munis v CA Interm. Term Munis ?

Hi All - In my fixed income portion of my portfolio I have split the space in my tax advantaged space between VG TIPS and VP Total Bond Market. In my taxable account, I currently have split my allocation to between California Intermediate Term Tax Exempt And Intermediate Term Tax Exempt (Federal) as...
by Sublime8700
Fri Jul 15, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3031

Re: Avoiding Inheriting Parents' Financial Mess / Debts

So it turns out this isn't as cut and dry (at least on the ancillary issues) as "he doesn't have to worry..." If he was to seek out a lawyer to really hit the high points of this for him in a succinct manner what would it be? Bankruptcy? Probate? Estate? (I doubt) Seems like once I show hi...
by Sublime8700
Fri Jul 15, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3031

Re: Avoiding Inheriting Parents' Financial Mess / Debts

If your friend is the one with the problem, shouldn't he come here and ask and answer some questions. Maybe he needs to grow up and take some action on his own families behalf? There are many nice people here, good luck to him. I understand where this sentiment comes from. But keep in mind my frien...
by Sublime8700
Fri Jul 15, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3031

Re: Avoiding Inheriting Parents' Financial Mess / Debts

I guess one good question might be whether there are any ways to protect the assets of the the deceased -- particularly a home -- so that the children would maybe be able to maintain a home that has been in the family for 50+ years...? Probably a reach but people seem to know their stuff on here as ...
by Sublime8700
Fri Jul 15, 2016 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3031

Re: Avoiding Inheriting Parents' Financial Mess / Debts

Thanks, All. I appreciate it.

I'm just trying to help in an ugly situation (there are health issues involved etc)

I really am grateful for all of your time.
by Sublime8700
Fri Jul 15, 2016 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3031

Re: Avoiding Inheriting Parents' Financial Mess / Debts

I do think there are private school loans (dating back 15 years to middle and high-school) -- does that pose a problem (presuming he did not co-sign on anything)

Harry
by Sublime8700
Fri Jul 15, 2016 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3031

Re: Avoiding Inheriting Parents' Financial Mess / Debts

US From what I have read the most complicated issue is a home that is underwater... and my understanding is that there are multiple mortgages against a home. But really, I've just done some basic research for my friend. As he doesn't have the funds to go and meet with a bankruptcy or probate lawyer ...
by Sublime8700
Fri Jul 15, 2016 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1391

Re: Adding Vanguard High Yield Tax Exempt Fund?

Grabineer -- your suggestion re: 50% CA Long-Term Munis and 50% Limited Term Tax Exempt seems to be a bit of a better solution than achieving an intermediate duration by pairing CA intermediate term and Intermediate Term Tax Exempt. I guess the only thing I might say is that I can handle the risk of...
by Sublime8700
Fri Jul 15, 2016 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding Inheriting Parents' Financial Mess / Debts
Replies: 35
Views: 3031

Avoiding Inheriting Parents' Financial Mess / Debts

Hi All - This is for a close friend who is going through a difficult time. To make a long story short, my friend is ~ 30 years old (struggling actor) and has just found out that his aging parents have made incredibly reckless financial decisions over the last 20-25 years which have resulting in them...
by Sublime8700
Tue Jun 28, 2016 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1391

Re: Adding Vanguard High Yield Tax Exempt Fund?

Did Muni Bond Holders get paid in these instances? If there was a haircut, how much was it?

I thought by law they effectively got paid first...
by Sublime8700
Tue Jun 28, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1391

Re: Adding Vanguard High Yield Tax Exempt Fund?

Wow. My mind is mush. I don't understand but I will go through your post. Thank you.
by Sublime8700
Tue Jun 28, 2016 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Adding Vanguard High Yield Tax Exempt Fund?
Replies: 13
Views: 1391

Adding Vanguard High Yield Tax Exempt Fund?

Hi All - I've always split my taxable account into Intermediate Term Tax Exempt and California Intermediate Term Tax Exempt as I don't have space in my tax-deferred accounts and want to keep my asset allocation as planned. As I live in CA and am in the highest tax bracket this seemed to make sense: ...
by Sublime8700
Sun May 15, 2016 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Estate Planners in Illinois
Replies: 3
Views: 411

Re: Estate Planners in Illinois

To bump a (small) old thread -- I've gotten a few nice PMs with suggestions. I would appreciate any others that happen to have someone in mind / that they know of.

Harry
by Sublime8700
Mon May 09, 2016 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Comparing Oakmark to SP 500 - Why Do Graphs Look Different?
Replies: 6
Views: 529

Re: Comparing Oakmark to SP 500 - Why Do Graphs Look Different?

Thanks all. I appreciate that. Is there some approximation that can be used for "other costs" like high-turnover and tax costs that come with an actively managed fund vs. a passively managed fund? I think the Oakmark funds are at least sensible to compare to the S&P 500 in that they ar...
by Sublime8700
Mon May 09, 2016 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Comparing Oakmark to SP 500 - Why Do Graphs Look Different?
Replies: 6
Views: 529

Comparing Oakmark to SP 500 - Why Do Graphs Look Different?

Hi All - I was comparing the SP 500 over the last 10 years to the Oakmark Funds (OAKMX and OAKLX) for illustrative purposes to a family member. I set aside any complicated issues relating to size, value, growth etc. and even bonds. I just wrote: https://www.google.com/finance?q=INDEXSP%3A.INX&ei...
by Sublime8700
Thu Apr 28, 2016 6:39 am
Forum: Personal Finance (Not Investing)
Topic: First-Time Home Mortgage - Highly Variable Income
Replies: 9
Views: 980

Re: First-Time Home Mortgage - Highly Variable Income

Anyone had any experience with products that somehow tie your mortgage to your cash/equities/bond assets instead of to your "financial condition" however that may be determined for a sole prop. with highly variable income?
by Sublime8700
Tue Apr 26, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: First-Time Home Mortgage - Highly Variable Income
Replies: 9
Views: 980

Re: First-Time Home Mortgage - Highly Variable Income

That option sounds interesting. It also sounds like the devil is in the details and it may be something that looks great and turns out really badly.
by Sublime8700
Tue Apr 26, 2016 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: First-Time Home Mortgage - Highly Variable Income
Replies: 9
Views: 980

First-Time Home Mortgage - Highly Variable Income

I'm a first time (potential) home-buyer looking for a good starting point. Setting aside the cost of the home, it seems the two things that I would likely have a difficult time with / could screw up badly would be: 1. Obtaining a mortgage 2. Closing Fees (there seem to be so many - though this seems...
by Sublime8700
Wed Apr 06, 2016 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)
Replies: 9
Views: 616

Re: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)

I'm not much of a math guy to be honest (even simple math) but my gut reaction was that it'd make sense to sell the short term cap gains and lock in small profits at higher tax. Having broken this down, here's what I came up with: I could offset against TLH, of course, but I'd rather not have to (if...
by Sublime8700
Wed Apr 06, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)
Replies: 9
Views: 616

Re: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)

Let's say for the purpose of this question I need $100,000 of cash. I would pay a higher tax rate on the short-term gains but they are far less substantial. So for example, let's say I bought Total International for $100,000 and 3 months later it's worth $104,000 I have STCG of $4,000 and I could se...
by Sublime8700
Wed Apr 06, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Better to sell Long Term Cap Gain (large) or Short Term (much smaller)
Replies: 9
Views: 616

Better to sell Long Term Cap Gain (large) or Short Term (much smaller)

Hi All - I need to liquidate some of my personal account in order to pay taxes. As I TLH a lot after the market go beaten down a few months ago and then go back into similar holdings the new holdings all have short term cap gains. They are in the range of $4,000 to $10,000 let's say. The normal Tota...
by Sublime8700
Wed Apr 06, 2016 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Estate Planners in Illinois
Replies: 3
Views: 411

Re: Estate Planners in Illinois

Chicago.

What would be the alternative to a trusts and estates / estates planner?

Forgive my ignorance. I'm asking on behalf of family as a place to start :)
by Sublime8700
Wed Apr 06, 2016 5:22 am
Forum: Personal Consumer Issues
Topic: San Francisco in August - hotel options?
Replies: 42
Views: 2327

Re: San Francisco in August - hotel options?

I'd use hoteltonight App -- amazing deals.
by Sublime8700
Wed Apr 06, 2016 5:19 am
Forum: Investing - Help with Personal Investments
Topic: Estate Planners in Illinois
Replies: 3
Views: 411

Estate Planners in Illinois

Hi -

I'm looking for an estate planner for family in Illinois. Not a wealth manager, advisor etc. specifically an estate planner.

Any specific suggestions feel free to PM.

If you have any resources to check out, would love to see them in the thread.

Thanks!
by Sublime8700
Thu Feb 11, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Short Term Loss / LT Cap Gain - TL Harvesting
Replies: 10
Views: 408

Re: Short Term Loss / LT Cap Gain - TL Harvesting

Would this best be done on the phone if I'm unsure of myself? Do they help with this sort of stuff?
by Sublime8700
Thu Feb 11, 2016 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Short Term Loss / LT Cap Gain - TL Harvesting
Replies: 10
Views: 408

Re: Short Term Loss / LT Cap Gain - TL Harvesting

Right - I know I want to sell the short term losses but what I'm less clear about is the fundamentals within Vanguard of selecting those specifically....
by Sublime8700
Thu Feb 11, 2016 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Short Term Loss / LT Cap Gain - TL Harvesting
Replies: 10
Views: 408

Re: Short Term Loss / LT Cap Gain - TL Harvesting

Thanks :)

Not sure that helped with how to separate lots of winners and losers though. I presume I have to do some sort of cost basis thing -- perhaps it's best to call my Flagship advisor and try him out for size....
by Sublime8700
Thu Feb 11, 2016 6:14 am
Forum: Investing - Help with Personal Investments
Topic: Short Term Loss / LT Cap Gain - TL Harvesting
Replies: 10
Views: 408

Short Term Loss / LT Cap Gain - TL Harvesting

Hi All -

I have a short-term loss of about $5,000 on Total Stock Market but a long-term CB of about $17,000 on it.

I would like to Tax Loss Harvest the $5,000 loss and buy the 500 fund.

Can someone give me some quick bullet points on how to do this? Sorry for the newbie question!

Thanks!
by Sublime8700
Mon Jan 11, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Small Cap Value --> Good Alternative?
Replies: 5
Views: 376

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

Thanks for your help.

Silly question:

Is it possible to transfer from one to the other or do you have to sell one into money market and then purchase the other fund the next day?

I presume you can transfer directly but please advise!
by Sublime8700
Mon Jan 11, 2016 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Small Cap Value --> Good Alternative?
Replies: 5
Views: 376

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

I've got a sizeable position in Vanguard Small Cap Value Admiral Shares. They happen to have a significant loss right now and I'm considering TLH. What would be a good fund to buy to avoid a wash-sale? Or should I just ignore the TLH possibility because it isn't easily replicated and I might want to...
by Sublime8700
Thu Dec 03, 2015 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Re: Rental Car Insurance Without Car Insurance - Need Liability Insurance

Thanks a lot for this. It seems that they either have left this marketplace (and plans are grandfathered) or; I didn't ask correctly I am guessing the latter. I will try again tomorrow and report back. I will also try USAA The issue with Geico was that they wouldn't write the Umbrella if they didn't...
by Sublime8700
Wed Dec 02, 2015 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Re: Rental Car Insurance Without Car Insurance - Need Liability Insurance

Really? It seems insanely high but what do I know. If the main concern is injuring a third party, what kind of liability would be appropriate? $500k/$500k or $500k/$1m or less? Presuming we have more assets than $1m... The other questions would be if getting car insurance prior to owning a car would...
by Sublime8700
Wed Dec 02, 2015 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Re: Rental Car Insurance Without Car Insurance - Need Liability Insurance

30 year old male with entirely clean driver's license.

32 year old wife who does not presently have a US driver's license (green-card and foreign driver's license) but she will be getting a license shortly which would also be clean.
by Sublime8700
Wed Dec 02, 2015 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Re: Rental Car Insurance Without Car Insurance - Need Liability Insurance

One question would be whether it makes any sense to just get auto-insurance (normally) which presumably would cover rental car liability and would allow us to also purchase umbrella insurance. I presume auto-insurance doesn't require you to own a car...? The quote Farmer's insurance gave was almost ...
by Sublime8700
Wed Dec 02, 2015 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Re: Rental Car Insurance Without Car Insurance - Need Liability Insurance

Update: Farmers Insurance gave me a quote of $750 for 6 months for $500k/$500k name non-owner insurance with the lowest possible property damage ($5,000).

That seems insane, no?
by Sublime8700
Wed Dec 02, 2015 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Re: Rental Car Insurance Without Car Insurance - Need Liability Insurance

It looks like this is very state specific. In California I have been told by Geico, State Farm and Farmers they don't do it. I think I must be asking the wrong questions but I'm asking for "name non-owner..."
by Sublime8700
Wed Dec 02, 2015 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Re: Rental Car Insurance Without Car Insurance - Need Liability Insurance

We rent our home as well. Perhaps the best idea would be to get renter's insurance that had some liability insurance as well + an umbrella policy? Right not we only have health insurance... Update: Geico refuses to write a policy if we do not own, lease or finance a car (e.g rent) but am trying with...
by Sublime8700
Wed Dec 02, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Insurance Without Car Insurance - Need Liability Insurance
Replies: 17
Views: 984

Rental Car Insurance Without Car Insurance - Need Liability Insurance

Hi Guys - I'm a California resident using (for a variety of reasons) a rental car on a longer term basis. Let's say it's for the next two months. The car gets "primary insurance" because it was purchased with an American Express Platinum card. However, my understanding is that this does NO...
by Sublime8700
Sat Oct 03, 2015 11:13 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 329
Views: 29574

Re: Northwest FCU 3-year 3.04% Add-On CD

Were people really able to fund this with a credit card? And it didn't code as a cash-advance?
by Sublime8700
Thu Sep 03, 2015 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 52
Views: 5531

Re: Umbrella Insurance

We rent our apartment and have no issues with the landlord.

We also (for now) rent a car as we are new in town. I am not entirely sure what the insurance policy is but I think it is very, very minimal given the price we are paying.
by Sublime8700
Thu Sep 03, 2015 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance
Replies: 52
Views: 5531

Umbrella Insurance

I've been advised that I (29 years old with a wife and two year old son) should have Umbrella Insurance.

Any advice on where to look or specific things to look for / avoid?

Thanks!
by Sublime8700
Sun Aug 23, 2015 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting / Avoiding Wash-Sale?
Replies: 1
Views: 179

Re: Tax Loss Harvesting / Avoiding Wash-Sale?

I'm presuming that I clearly can sell shares in the Vanguard Small Cap Index Fund and buy shares in the Vanguard Small Cap Value Index Fund and that also would avoid the Wash-Sale rule...?
by Sublime8700
Sun Aug 23, 2015 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting / Avoiding Wash-Sale?
Replies: 1
Views: 179

Tax Loss Harvesting / Avoiding Wash-Sale?

I just was "fortunate" enough to buy some shares in VFIAX (500 Fund) which have incurred a significant loss since I bought them in the last week. I have a far bigger holding in the Vanguard TSM Admiral shares. Would I be able to sell the loss in the 500 fund and buy shares in the TSM and a...
by Sublime8700
Fri Aug 21, 2015 2:10 am
Forum: Investing - Help with Personal Investments
Topic: California Munis / Federal Munis or 529?
Replies: 21
Views: 1885

Re: California Munis / Federal Munis or 529?

Stupid question but: how are the money savings substantial when I'd need to pay an extra 10% CA state tax with CA Tax-Exempt Bonds vs. Intermediate Term Tax Exempt?

(I do like simplicity too) :)

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