Search found 1420 matches

by Tanelorn
Mon Apr 16, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing taxes for 2018
Replies: 12
Views: 1395

Re: Minimizing taxes for 2018

Bruce - you forgot the $2k cap per person on retirement savings eligible for the credit ($400 here at 10% credit rate). Otherwise looks good.

https://www.irs.gov/pub/irs-pdf/f8880.pdf
by Tanelorn
Sun Apr 15, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: New York State income tax bracket is not a marginal rate?
Replies: 30
Views: 1856

Re: New York State income tax bracket is not a marginal rate?

Thank you for sharing. I agree that as taxes become your largest expense item, it makes a lot of sense to try to learn as much as possible so you can plan in advance to avoid such cliffs, perhaps accelerate or delay some charity based on being close to some edge, etc.
by Tanelorn
Fri Apr 13, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Tarp warrants: any owners?
Replies: 6
Views: 456

Re: Tarp warrants: any owners?

If the warrant liquidity is poor and the common stock is better, it can make sense to exercise and then sell, rather than just to sell the warrant.
by Tanelorn
Fri Apr 13, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Tarp warrants: any owners?
Replies: 6
Views: 456

Re: Tarp warrants: any owners?

I think my options are: 1) sell the warrants 2) exercise and hold the stocks for capital gain reasons till i’m In a lower tax bracket 3) exercise and sell the stocks. I think either 1 or 2 are reasonable, depending on your tax situation, gains on the warrants from purchase, etc. if you bought recen...
by Tanelorn
Fri Apr 13, 2018 6:11 am
Forum: Investing - Theory, News & General
Topic: Shorting the actively managed mutual fund market
Replies: 26
Views: 1858

Re: Shorting the actively managed mutual fund market

You short the mutual fund, take the money and invest long in the underlying index. At that point you only care about relative performance, not absolute. Yes, that's right. Let's say you find a fund you dislike (perhaps due to their hefty 2% management fee), you could short it somehow and for free, ...
by Tanelorn
Fri Apr 13, 2018 6:04 am
Forum: Investing - Theory, News & General
Topic: Shorting the actively managed mutual fund market
Replies: 26
Views: 1858

Re: Shorting the actively managed mutual fund market

It's not possible to short a mutual fund. You can short ETFs. But I suppose if any were really juicy short targets, they would be hard (expensive) to borrow. It's interesting that fund managers tolerate this given that short sellers are earning fees that would otherwise go to the manager (maybe the...
by Tanelorn
Thu Apr 12, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: Shorting the actively managed mutual fund market
Replies: 26
Views: 1858

Re: Shorting the actively managed mutual fund market

It's not possible to short a mutual fund. You could short the public stock of an active asset manager firm, but they're the ones collecting those high fees so it's not clear you want to do that and their stock is only loosely related to the performance of their funds and more to do with their market...
by Tanelorn
Thu Apr 12, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell individual stock following merger announcement?
Replies: 21
Views: 996

Re: When to sell individual stock following merger announcement?

Given you have no tax issues, you could always sell half now and hold the rest for the cash price. Given you're up 100%, this would guarantee you wouldn't end up losing money even if the deal went catastrophically wrong. Generally speaking, the merger sepcialists will have priced that 3% spread rema...
by Tanelorn
Thu Apr 05, 2018 2:24 pm
Forum: Investing - Theory, News & General
Topic: New Tax Law- Out of State 529 Plans
Replies: 11
Views: 803

Re: New Tax Law- Out of State 529 Plans

Rollovers are subject to New York State tax on earnings A rollover of assets from your Direct Plan account to a 529 plan in another state is subject to New York State income tax on earnings, as well as the "recapture" of all previous New York State tax deductions made during the life of the account...
by Tanelorn
Thu Apr 05, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: New Tax Law- Out of State 529 Plans
Replies: 11
Views: 803

Re: New Tax Law- Out of State 529 Plans

The New York State Department of Taxation and Finance issued a Preliminary Report to the Governor on H.R.1, indicating that K-12 distributions may not be considered qualified distributions under New York statutes and may require recapture of any New York State tax benefits that accrued on contribut...
by Tanelorn
Thu Apr 05, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Used a Healthcare Broker--and I liked it!
Replies: 15
Views: 2109

Re: Used a Healthcare Broker--and I liked it!

OnTrack wrote:
Thu Apr 05, 2018 12:03 am
How does one get a group plan if not employed or a business owner?
You don't, or you start a business and deal with payroll, benefits, etc.
by Tanelorn
Wed Apr 04, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Used a Healthcare Broker--and I liked it!
Replies: 15
Views: 2109

Re: Used a Healthcare Broker--and I liked it!

I had a similar experience and elected to get coverage via a business rather than the healthcare exchange and found it worthwhile. The cost savings were not as dramatic as OPs, but the coverage was much better quality in many ways. I also expect the healthcare premium inflation will be lower due to ...
by Tanelorn
Sun Apr 01, 2018 6:32 pm
Forum: Investing - Theory, News & General
Topic: Barrons 'Interactive Brokers top Online Broker'
Replies: 31
Views: 2552

Re: Barrons 'Interactive Brokers top Online Broker'

With the cash collateral though is there real any credit risk? Of course. If your lent stock skyrockets during a single day, the counterparty may default on the stock loan and leave you only with 102% of the prior day's closing value. This may not be sufficient compensation for the rise of the stoc...
by Tanelorn
Sun Apr 01, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Barrons 'Interactive Brokers top Online Broker'
Replies: 31
Views: 2552

Re: Barrons 'Interactive Brokers top Online Broker'

I was reading about their securities lending program and was confused about the cash collateral. How does that work? If I lend out 100 shares of xyz worth $10,000 do they deposit $10,000 in my account? If the stock drops by $2,000 then they only leave $8,000 on deposit? Who takes the credit risk? I...
by Tanelorn
Sun Apr 01, 2018 1:44 am
Forum: Investing - Theory, News & General
Topic: Barrons 'Interactive Brokers top Online Broker'
Replies: 31
Views: 2552

Re: Barrons 'Interactive Brokers top Online Broker'

Brokers offering free trades still get revenue from their execution partner.. TD gets about $2.5 per trade in order routing revenue. Although this additional order routing revenue makes it easier for brokers to offer free trade but it also create a conflict of interest and disincentive to find the ...
by Tanelorn
Sat Mar 31, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Printing out a ten thousand page form 8949 for the IRS?
Replies: 48
Views: 4939

Re: Printing out a ten thousand page form 8949 for the IRS?

Considering that brokerages now send copies of the trades to the IRS, the IRS should be able to very easily verify the totals. But you should always follow the instructions of the IRS over anonymous internet strangers. :D The instructions do have an exception for reporting every trade if you receiv...
by Tanelorn
Sat Mar 31, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 137
Views: 11595

Re: 2018 Hedge Fund contest

Well the first quarter is behind us, and many index investors will not be sad to see it go. High volatility returned after years of relatively calm markets, leaving broad stock indexes -2% for the YTD in terms of total return despite having been as high as +8% in January. Bond markets fared no bette...
by Tanelorn
Sat Mar 31, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8096

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

cdog999 wrote:
Thu Mar 29, 2018 9:34 am
Anyone know what typically happens with when a full ACAT out is performed and then a dividend hits and it does auto-reinvest?
I think the dividend cash is forwarded without additional instructions once it arrives, at least that's what happened when I did a full IRA rollover one time.
by Tanelorn
Thu Mar 29, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Printing out a ten thousand page form 8949 for the IRS?
Replies: 48
Views: 4939

Re: Printing out a ten thousand page form 8949 for the IRS?

A few more articles in case you hadn't seen them http://archive.is/7JzBr (Forbes, the author has his own tax / CPA business and is good; might be worth a consult) https://thebitcoin.pub/t/trader-tax-status-in-crypto/13428/16 (last comment) Looking at https://www.forbes.com/sites/greatspeculations/2...
by Tanelorn
Thu Mar 29, 2018 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Printing out a ten thousand page form 8949 for the IRS?
Replies: 48
Views: 4939

Re: Printing out a ten thousand page form 8949 for the IRS?

I've made over 100,000 trades so far this year... (In case it's relevant, I don't believe I would qualify for trader status.) My understanding is that if the IRS doesn’t treat them as securities, then I can’t claim trader status and use mark-to-market. Might I ask why you believe that? Trader statu...
by Tanelorn
Thu Mar 29, 2018 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Printing out a ten thousand page form 8949 for the IRS?
Replies: 48
Views: 4939

Re: Printing out a ten thousand page form 8949 for the IRS?

Are these mostly crypto trades, or at a broker where you'd get a 1099? You can report the summary of all transactions for each portion of the 8949 (i.e. Short term covered, etc) with a single aggregate line per 1099/broker. They don't want reams of paper reporting any more than you do.
by Tanelorn
Tue Mar 27, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8096

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

If it were me, I would figure out whether I actually lost money or not if they sold my stock without my permission. The market hasn't been having a good few weeks recently. If their sale price was higher than today's price, you have no recourse since you have no damages and just be glad they timed m...
by Tanelorn
Tue Mar 27, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8096

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

The issue isn't whether they can close his account but whether they can sell his securities at a random price and without warning. Do the T&C really state that they can sell securities if he does something with his credit card they don't like? I agree. I had an account closed once (they wouldn't sa...
by Tanelorn
Fri Mar 23, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Self-insuring for healthcare - how would you invest
Replies: 34
Views: 2333

Re: Self-insuring for healthcare - how would you invest

All these responses about how you'd just "buy health insurance" overlooks the current difficulties of the self-employed or retirees below 65 when they can get Medicare. Obamacare plans are increasingly narrow in their coverage / networks, offer no flexibility for benefits while traveling for work or...
by Tanelorn
Thu Mar 22, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 137
Views: 11595

Re: 2018 Hedge Fund contest

I would like to propose a rule for the next contest. I believe any position, long or short, should not be allowed for a security under $10 per share. It unfairly ignores the effect of the spread and in the case of a short there probably are no shares to borrow. Smaller spreads and available shares ...
by Tanelorn
Sun Mar 18, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 137
Views: 11595

Re: 2018 Hedge Fund contest

Not too many shakeups in the top ranks, where Agggm's Luna fund continues to hold 1st at 38% for the year as Amazon and especially Netflix perform strongly. MidwestMike's XON pick has him in 2nd with 34% and whodidntante 's short against Sears has him in 3rd with 32%. Current Standings - 2018 hedge ...
by Tanelorn
Fri Mar 16, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Has Seeking Alpha Become Worthless?
Replies: 29
Views: 5778

Re: Has Seeking Alpha Become Worthless?

220volt wrote:
Fri Mar 16, 2018 10:01 am
Picking good contributors to follow on Seeking Alpha is like consistently picking winning stocks.
Easy if you know what you're doing? ;)
by Tanelorn
Thu Mar 15, 2018 5:38 am
Forum: Investing - Help with Personal Investments
Topic: 401K: Guaranteed 9.3% Return?
Replies: 43
Views: 5791

Re: 401K: Guaranteed 9.3% Return?

If you want to know what the CA franchise tax board is capable of, this may be enlightening. At least it has a happy ending, but nearly 30 years and two Supreme Court cases later. https://www.bna.com/chip-inventor-wins-n73014463960/ http://reason.com/reasontv/2017/10/23/gilbert-hyatts-25-year-battle...
by Tanelorn
Mon Mar 05, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: [How do I transfer German stock to the US?]
Replies: 7
Views: 515

Re: Mega Backdoor Roth - tax reporting question - no 1099-R?

Hello and thank you!! Mom is 83 and wants to get her finances in order for my sister and I. She doesn't want to sell the stocks, just to move to USA. It's my understanding that the only German stocks and investing that Schwab will manage is ETFs . But again I'm not sure. I think she is afraid to ta...
by Tanelorn
Mon Mar 05, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: [How do I transfer German stock to the US?]
Replies: 7
Views: 515

Re: Mega Backdoor Roth - tax reporting question - no 1099-R?

my German mother has a stock acct (Google, amazon) in her German bank. How can she move this account over to the United States? If she holds Google and Amazon stock, it might be possible to transfer those to a US brokerage account (this would not be true of all stocks; some only trade on the German...
by Tanelorn
Sun Mar 04, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 137
Views: 11595

Re: 2018 Hedge Fund contest

A newcomer in 4th, Agggm 's Luna fund is next and is up 20% with their long only big tech portfolio consisting of Amazon and Netflix. Congratulations to Agggm for taking first place! Both their long picks, Amazon and especially Netflix, powered higher in February, gaining 10-20% each even as the br...
by Tanelorn
Wed Feb 28, 2018 5:11 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 120
Views: 34060

Re: Interactive Brokers (Best Kept Secret)

Just to be clear, the sweep is automatic. For example, at Vanguard you can sell an index fund and then do nothing, after settlement the cash will go into the money market fund where it will likely earn significantly more than at IB. Here are the current rates: 1.53% Vanguard prime MM (includes CDs,...
by Tanelorn
Wed Feb 28, 2018 3:15 am
Forum: Investing - Theory, News & General
Topic: TSP fails secuity audit
Replies: 19
Views: 2977

Re: TSP fails secuity audit

If they dismantle the G fund as they'd like to (proposed, folks who haven't heard can google it, please no further discussion) I think most savvy people will have no use for the arcane and restrictive rules of the TSP. I will probably roll out when retired unless things are a lot better by then (ad...
by Tanelorn
Thu Feb 22, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Can you lose money in a Money Market savings account ?
Replies: 36
Views: 2280

Re: Can you lose money in a Money Market savings account ?

DrGoogle2017 wrote:
Thu Feb 22, 2018 12:28 pm
Yes, in 2008, there was a MMF that broke a buck.
This one:

https://www.thebalance.com/reserve-primary-fund-3305671
by Tanelorn
Sun Feb 18, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 11484

Re: What has been your most important skill in achieving financial independence?

I wanted to highlight several of the points made by earlier commenters. In no particular order, 1. Excel - learn it, it is such a useful tool for everything, especially open-ended explorations of mathematical problems or models. While slow sometimes, it's much friendlier than coding "software" in th...
by Tanelorn
Fri Feb 16, 2018 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Pledged Asset Line (PAL)/Line of Credit for Real Estate Investments
Replies: 9
Views: 679

Re: Pledged Asset Line (PAL)/Line of Credit for Real Estate Investments

Another pitch for using IB for margin if you're looking for this. The Schwab PAL rates are probably 1% higher at similar balances, why would you pay that? Plus their PAl accounts are much more limited than an IB account in terms of what assets you can hold, how much you can hold of one position (som...
by Tanelorn
Thu Feb 15, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: How Inflation Works (NYT)
Replies: 21
Views: 2353

Re: How Inflation Works (NYT)

Inflation is good for debtors and bad for creditors. This is obvious, yet often not pointed out.... All economic policies have winners and losers. As a retiree, I am currently a creditor. Inflation is bad, bad, bad. For me. Exactly. And as is even more rarely pointed out, deflation would be good, g...
by Tanelorn
Tue Feb 13, 2018 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Blockchain Technology Companies and Funds/ETFs/Futures
Replies: 20
Views: 1940

Re: Blockchain Technology Companies and Funds/ETFs/Futures

You could always invest in the Crypto Co (ticker CRCW). It has an 11 billion market cap and about $500k of quarterly revenue. You’ll have to wait until January 3rd though because the SEC halted it for trading. Personally, I’m trying to find a way to short it. You've got the right intuition, but I'l...
by Tanelorn
Mon Feb 12, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 4761

Re: Random conversations regarding money

You missed some good opportunities, like asking whether he thought there was any real good behind "paper gold" investments like GLD, if JPM was manipulating precious metal prices and whether they were hoarding supplies more or less than usual lately, etc.
by Tanelorn
Sun Feb 11, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 137
Views: 11595

Re: 2018 Hedge Fund contest

With all the volatility in the market, I thought it would be a good time to take stock of where our esteemed crew of hedge fund managers stood in comparison to the overall market. Real hedge funds often underperform, but claim that they would perform better (or less worse anyway) than the broad mark...
by Tanelorn
Sun Feb 11, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Motif Investing, 2018 change in fees
Replies: 16
Views: 1297

Re: Motif Investing, 2018 change in fees

Thanks for the note and the update in their fees. It seems like making and trading your own Motif is the way to go now, but with $20 trades for the basket that's not as compelling as it was at half that. $5 for individual stock trades is reasonable.
by Tanelorn
Sun Feb 11, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: Has Seeking Alpha Become Worthless?
Replies: 29
Views: 5778

Re: Has Seeking Alpha Become Worthless?

They have been trying to monetize the site more, and their efforts have made it "worth less" in any event, if not worthless. While certainly most articles aren't very good, there are a some good ones but they keep trying to lock them away and get you to pay for them, which is something I really don'...
by Tanelorn
Sat Feb 10, 2018 9:35 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6969

Re: Day trading for a living/career?

Right. I'm with you on the steamroller analogy. When trying to beat the market, people inevitably come up with strategies that have some non-zero chance of losing all of your money in a single day. The most enticing ones are the ones that seem to give either consistent returns and/or consistently a...
by Tanelorn
Fri Feb 09, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Inverse VIX Cause of Further Selling?
Replies: 15
Views: 1592

Re: Inverse VIX Cause of Further Selling?

ETP is an initialism I learned recently. It stands for Exchange Traded Product. XIV and VXX and GLD are not exchange traded funds (ETFs) but exchange traded notes (ETNs) That's important because ETFs, exchange traded funds , are a kind of "investment company," as are mutual funds, and regulated by ...
by Tanelorn
Fri Feb 09, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: Inverse VIX Cause of Further Selling?
Replies: 15
Views: 1592

Re: Inverse VIX Cause of Further Selling?

The VIX ETP space is only a few $B (and of course some are long and some are short, so the net is less). Cramer had the causality backwards. The VIX stuff blew up because the market sold off, not v. versa. VIX products own VIX futures. Futures are a zero sum market, so just because recently volatili...
by Tanelorn
Thu Feb 08, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5326

Re: Inverse VIX ETN down 80% after hours

This is a better, clearer article. That SeekingAlpha one was mediocre.

http://kiddynamitesworld.com/xiv-volpoc ... ignorance/
by Tanelorn
Wed Feb 07, 2018 2:09 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5326

Re: Inverse VIX ETN down 80% after hours

What kind of chart is this? And, where were all those the market makers and specialists who are supposed to i ensure orderly trading? Don't they exist for ETFs? They do exist but the ETN sponsor halted the stock for pending news from 4am until they finally decided to admit they were closing it soon...
by Tanelorn
Tue Feb 06, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 137
Views: 11595

Re: 2018 Hedge Fund contest

Everything Is Awesome Hedge Fund Long: XIV YINN TQQQ Short: None! I had mentioned earlier that desafinado's bullish ETF and ETN portfolio didn't qualify since this was a stock picking contest (ETFs and ETNs aren't included in the Russell index we use as our universe). However, since he seems to hav...
by Tanelorn
Tue Feb 06, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5326

Re: Inverse VIX ETN down 80% after hours

Credit Suisse "terminates" XIV...I notice SVXY and ZIV aren't trading today either, so I wonder what will happen with those. As far as I know, SVXY, being an ETF, doesn't have a termination clause in the prospectus. https://www.zerohedge.com/news/2018-02-06/credit-suisse-terminates-xiv Proshares pu...
by Tanelorn
Tue Feb 06, 2018 1:08 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5326

Re: Inverse VIX ETN down 80% after hours

It looked like front month VIX futures had spiked to about double, but I'm not sure when the funds or their index rebalances. They also use some second month VIX futures, which presumably were somewhat more muted. Some articles: https://www.barrons.com/articles/short-vol-trades-the-risk-we-warned-yo...