Search found 6734 matches

by Wagnerjb
Mon Sep 26, 2016 11:00 am
Forum: Investing - Theory, News & General
Topic: Here we go again
Replies: 12
Views: 1639

Re: Here we go again

Buy and Hold. The hold is more important than the buy. :happy Thanks for offering the good reminder Paul. I set my international allocation at 30% of equities when I started investing in 1983, and international equities went on a tear right after that. They bested domestic stock returns for 6 conse...
by Wagnerjb
Sat Sep 24, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Request to add income to credit card profile
Replies: 10
Views: 879

Re: Request to add income to credit card profile

I have gotten several of these lame attempts recently and I am ignoring them.

They don't need my income, and it is likely to result in either a) me getting bombarded with more junk email, or b) hackers finding out my income.

No thanks.
by Wagnerjb
Fri Sep 23, 2016 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Currency risk for 5.5 percent? Missing something?
Replies: 30
Views: 2146

Re: Currency risk for 5.5 percent? Missing something?

Ok, help me see what I'm missing on this. I'll be living in Cape Town for the next couple of years, maybe longer. Currently the South African Rand (ZAR) is at a near historic low against the USD, perhaps 13.5 - 15.5 to 1. Also the local bank savings accounts have interest fixed at 5.5 percent. I pl...
by Wagnerjb
Tue Sep 13, 2016 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Amending old tax return
Replies: 22
Views: 1179

Re: Amending old tax return

Of topic (but, hey, it's my thread :D ), I infer you're a tax attorney or accountant or something similar. I'm an attorney but not a tax attorney, and each year I keep thinking about volunteering with a pro bono walk-in tax prep clinic like Vita. From your perspective, do your "line level"...
by Wagnerjb
Wed Sep 07, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: 401k with new employer - help please
Replies: 7
Views: 524

Re: 401k with new employer - help please

Thank you both for the suggestions! I have to admit - I don't quite understand the Stable Value Fund or the Core Bond Fund. Would you be able to share some more details or resources that would help me understand each? Here are the fact sheets. Maybe that info is also helpful? Stable Value Fund : ht...
by Wagnerjb
Tue Sep 06, 2016 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: 401k with new employer - help please
Replies: 7
Views: 524

Re: 401k with new employer - help please

With those choices, I would be inclined to use the Large Cap S&P500 index as my main fund. I would also sprinkle in a bit of the Small Cap S&P600 fund as well, and I would use the Stable Value fund (1% annual yield) for some fixed income. I would use your two IRA accounts to add diversificat...
by Wagnerjb
Sun Sep 04, 2016 9:53 am
Forum: Investing - Help with Personal Investments
Topic: What would you do next? Debt reduction / savings plan
Replies: 7
Views: 586

Re: What would you do next? Debt reduction / savings plan

Hi, and welcome to the Boglehead forum. I agree with your plan to refinance the mortgage. And yes, I would contribute more equity and by all means avoid PMI. With your $20k, I might consider paying off the car loan. Once you have the mortgage refinanced and the car loan paid off, I would shift to a ...
by Wagnerjb
Thu Sep 01, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 46
Views: 4261

Re: zero-dividend investing in taxable account

I don't think it's a crazy idea, but it may not work out the way you intended. If you implemented this 15 years ago you might have bough Microsoft. Shortly after that MS announced a special dividend and then regular dividends. Over the last 15 years MS has had a higher dividend yield and lower tota...
by Wagnerjb
Thu Sep 01, 2016 8:57 am
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 46
Views: 4261

Re: zero-dividend investing in taxable account

DeMuth suggested the zero-dividend stocks - randomly selecting which ones is my silly suggestions - which I still think is a reasonable idea. A better idea might be randomly selecting stocks within a sector, and trying to achieve sector exposure that mirrors TSM (I think this is similar to what Wag...
by Wagnerjb
Tue Aug 30, 2016 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Oil & Gas Long Term Risk
Replies: 31
Views: 1711

Re: Oil & Gas Long Term Risk

Is anyone concerned about the long term risk of oil and gas companies in a cap-weighted S&P 500 portfolio? Currently Exxon is the the number four equity in VFINX. If you're holding for the long term, isn't there a concern that a significant amount of that equity value goes away as the world tap...
by Wagnerjb
Mon Aug 29, 2016 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: zero-dividend investing in taxable account
Replies: 46
Views: 4261

Re: zero-dividend investing in taxable account

OP, IIRC, a poster, "Wagnerjb," did the whole using non-dividend paying individual stocks in a taxable account thing. If you search his posts you'll likely find a few worth reading. -Alec Alec: thanks for the recommendation. To the OP: here is a link to a thread where I explained my indiv...
by Wagnerjb
Fri Aug 26, 2016 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: spreadsheet [to organize a portfolio]
Replies: 23
Views: 2042

Re: spreadsheet [to organize a portfolio]

I have found that a simple spreadsheet works fine. I began with Lotus 123 back in the 1980's, moved to Excel and recently moved to Numbers when I got a Mac. I can customize the spreadsheet to show the subtotals that I want, I can customize the spreadsheet to show the allocation as I want, I can cust...
by Wagnerjb
Thu Aug 25, 2016 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help with call option repair strategy
Replies: 4
Views: 213

Re: Help with call option repair strategy

Since time is of the essence, I would recommend that you post this dilemma in another forum, maybe one that is focused on options trading or active investing. This forum generally focus on passive strategies.

Best wishes.
by Wagnerjb
Wed Aug 24, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased Parents' Bank Statements [how long to retain]
Replies: 6
Views: 795

Re: Deceased Parents' Bank Statements [how long to retain]

I would take some photos of the documents and store them online in the cloud (I use Google Drive). This way there is no clutter and you can store them free forever. I scanned the bank statements and brokerage statements and they are now easy to keep, just as Sperry8 indicates. Not a problem to hang...
by Wagnerjb
Tue Aug 23, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Worth It?
Replies: 4
Views: 453

Re: Refinance Worth It?

Currently the rate to refinance $150K at 15 years fixed is 3.375% with $3600 in closing costs. This lowers our monthly payment from $1630 to about $1060 a month. Just not loving the closing costs. I just spoke with my mortgage lender today about refinancing. I currently have a two year old note, a ...
by Wagnerjb
Tue Aug 23, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 108
Views: 6557

Re: How do you view debt?

I am perfectly content to have a mortgage on my home. I might accept financing for an auto if they offer a bargain interest rate, but that is a pure financial decision and I am also ready to pay cash otherwise. I have over 15x my mortgage in assets, but it doesn't bother me at all to continue to hol...
by Wagnerjb
Tue Aug 23, 2016 8:41 am
Forum: Personal Consumer Issues
Topic: Vanguard email - You don't have enough money to pay for a recent trade
Replies: 6
Views: 1178

Re: Vanguard email - You don't have enough money to pay for a recent trade

I checked my email this morning. Not an everyday occurrence but I'm glad I did because the subject line of one of my emails was You don't have enough money to pay for a recent trade . It was from Vanguard. I made a couple of trades last week in my Vanguard Brokerage account. I knew I had enough in ...
by Wagnerjb
Tue Aug 23, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Windfall Investing Help
Replies: 10
Views: 1478

Re: Windfall Investing Help

Hi and welcome to the Boglehead forum. As this would go in a taxable account, would you simply select "safe" index funds at my desired asset allocation. Yes. Would it be reasonable to introduce some speculative plays like real estate, individual stocks, etc using 5-10% with potential for i...
by Wagnerjb
Mon Aug 22, 2016 11:04 am
Forum: Investing - Theory, News & General
Topic: Zweig: Three New ETF ideas that actually make sense
Replies: 14
Views: 2246

Re: Zweig: Three New ETF ideas that actually make sense

The ex sector funds are an appealing idea assuming they work as intended. It is difficult for people who need this to replicate the portfolio on their own. Many such people would be forbidden to short their own company stock and strongly discouraged from shorting their own industry. This is not as ...
by Wagnerjb
Mon Aug 22, 2016 10:56 am
Forum: Investing - Theory, News & General
Topic: American Home Preservation Fund
Replies: 3
Views: 520

Re: American Home Preservation Fund

Sorry, there was way too much politics and conspiracy woven into Salmon's article for me. This sounds like a mix of charity and investment, which I prefer to avoid. If you feel strongly in the cause championed by Salmon, I encourage you to donate to a charity that has been rated highly for its low c...
by Wagnerjb
Mon Aug 22, 2016 9:01 am
Forum: Investing - Help with Personal Investments
Topic: VSS verus SCHC
Replies: 6
Views: 611

Re: VSS verus SCHC

I prefer the WisdomTree ETF DLS to SCHC in the International Small Cap space, despite the fact that SCHC has a significantly lower ER. Morningstar shows DLS to be smaller than SCHC, with an average company size of 1,131MM vs. 1,645MM. DLS has more value as well. DLS holds 46% of its portfolio in the...
by Wagnerjb
Sat Aug 20, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud: How many times is 'normal'?
Replies: 24
Views: 1389

Re: Credit Card Fraud: How many times is 'normal'?

1) Put recurring charges on cards that are never used for anything else. Reduces hassle. That's what I have done as well. We used to get a fraud about once a year on one of our credit cards, and changing the recurring charge info was a big pain. I accept the occasional fraud as a cost of doing busi...
by Wagnerjb
Sat Aug 20, 2016 8:12 am
Forum: Personal Finance (Not Investing)
Topic: 529 Distribution Reporting
Replies: 6
Views: 539

Re: 529 Distribution Reporting

I have run into this issue several times, and a straightforward response to the IRS does the trick. Here is a thread where I explained my history and showed the contents of the letter to the IRS (written by a Big 4 company). https://www.bogleheads.org/forum/viewtopic.php?p=2397902#p2397902 Best wish...
by Wagnerjb
Tue Aug 16, 2016 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual fund that replicates SLYV
Replies: 13
Views: 642

Re: Mutual fund that replicates SLYV

You might consider the iShares ETF "IJS". It seeks to track the index you mention, and has a low ER of 0.25%.

Best wishes.
by Wagnerjb
Thu Aug 11, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: Anyone looking at changing AA in presence of Current Valuations?
Replies: 71
Views: 3456

Re: Anyone looking at changing AA in presence of Current Valuations?

Not changing a thing. I have no clue if "valuations" are too high or too low, and I don't care. I tune out the noise and focus on controlling costs, maintaining diversification and managing taxes.

Best wishes.
by Wagnerjb
Mon Aug 08, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Professor having to buy his own computer for work
Replies: 93
Views: 6336

Re: Professor having to buy his own computer for work

R2D2 wrote:Is there any other way to get some tax relief for this large out-of-pocket expense?


If this person is a professor at a University, why is this such a crippling expense? Would you be looking for a tax break if you had to spend the same amount on four new tires?
by Wagnerjb
Sun Aug 07, 2016 10:46 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (July 2016)
Replies: 13
Views: 1883

Re: madsinger monthly report (July 2016)

Portfilios are subscription and not going to be posted anywhere else. At about $99 a year it should not dent your portfolio that much. I think the forum is worth the subscription price. Your money, your choice. investor For a beginning investor with $20,000 in investments the $100 turns a low cost ...
by Wagnerjb
Thu Aug 04, 2016 10:41 am
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 44
Views: 8145

Re: How long to turn 1 million to 2 millions for you?

Due to some fortunate timing, it only took me 2 years. I was in my 40's and my equity allocation was between 75% and 80%. Roughly half of the increase was due to the stock market level rising by around 50% (30% first year, 15% second year). The remainder was composed of savings (401k contributions, ...
by Wagnerjb
Thu Aug 04, 2016 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Form 1116 guidance
Replies: 14
Views: 869

Re: Form 1116 guidance

Just a wild guess....is it possible that you have carryover amounts from 2014 in those categories? If you have unused foreign tax credits from 2014 and a carryover capital loss from 2014, I can see how you would be required to file the long forms (schedules 1116 and D) in that case. Even if this is ...
by Wagnerjb
Wed Aug 03, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: AOTC claimed by child? [American Opportunity Tax Credit]
Replies: 20
Views: 1783

Re: AOTC claimed by child? [American Opportunity Tax Credit]

Wagnerjb: From what I have read, the child needs to provide > one-half of his/her support to claim the AOTC and educational expenses are part of support (i.e., if the child pays all education expenses and those expense are > one-half of all support for the child, they will meet the support test). M...
by Wagnerjb
Tue Aug 02, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: AOTC claimed by child? [American Opportunity Tax Credit]
Replies: 20
Views: 1783

Re: AOTC claimed by child? [American Opportunity Tax Credit]

The child has to provide over half of his own support from EARNED income in order to get the refundable portion of the AOTC. See IRS Publication 970. Yes, but if the child has capital gains from selling the appreciated securities, my understanding is that the child can use the AOTC to offset these ...
by Wagnerjb
Sun Jul 31, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Creative solutions to train young adult to be financially responsible & my $50k dilemma ...
Replies: 57
Views: 3330

Re: Creative solutions to train young adult to be financially responsible & my $50k dilemma ...

Mike: do you have a will? And if so, I assume your brother isn't the beneficiary? Another option is to use trusts. You can set one up right now, with the girls getting the dividends and interest annually. Or you can provide for one (or more) in your will, such that the trusts for the girls will be t...
by Wagnerjb
Sun Jul 31, 2016 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Creative solutions to train young adult to be financially responsible & my $50k dilemma ...
Replies: 57
Views: 3330

Re: Creative solutions to train young adult to be financially responsible & my $50k dilemma ...

Hi Mike: I see an awful lot of social land mines in your way here, so I hope you can navigate them without damaging your relationship with your brother. I might approach this with him as a way for you to honor your mother's desire to help her grandchildren, and I assume you have no children of your ...
by Wagnerjb
Sat Jul 30, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: When NOT to use 529 for college expenses?
Replies: 10
Views: 1404

Re: When NOT to use 529 for college expenses?

If he maintains high enough grades to keep his scholarships, he should have plenty left over in the 529 to either withdraw and pay tax on the gains (I understand the 10% penalty doesn't apply if that money was not used because of scholarships) Note that the 10% additional tax penalty doesn't apply ...
by Wagnerjb
Sat Jul 30, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: What does a real estate oil bust look like
Replies: 18
Views: 2038

Re: What does a real estate oil bust look like

I agree real estate "bust" is probably too strong a word. "soft market" is an understatement. Prices in Katy are trying to hang on ... for now. I have lived in Katy on and off for 25+ years. Yes, I worked in the oil industry (now retired) and many of our neighbors work in the oi...
by Wagnerjb
Thu Jul 28, 2016 2:23 pm
Forum: Investing - Theory, News & General
Topic: Anyone ever "churn" investment/retirement accounts for deposit bonuses?
Replies: 11
Views: 1084

Re: Anyone ever "churn" investment/retirement accounts for deposit bonuses?

No churning for me. But I have an account at Vanguard and one at Fidelity as well. When I inherited a small amount a few years ago I moved some to Fidelity to capture some frequent flyer miles. When I retired last year I received a Lump Sum payout from my pension plan. I deposited the funds in a rol...
by Wagnerjb
Thu Jul 28, 2016 2:15 pm
Forum: Investing - Theory, News & General
Topic: FTSE ex US Small Cap Fund Performance
Replies: 27
Views: 1397

Re: FTSE ex US Small Cap Fund Performance

So if you are comparing to funds that benchmark against the MSCI, you are probably talking about a 16% difference in holdings I don't know what benchmark the entire sm/mid foreign category is bench marked to. Most of the funds are undoubtedly active so their benchmark is somewhat irrelevant. The ca...
by Wagnerjb
Thu Jul 28, 2016 12:46 pm
Forum: Investing - Theory, News & General
Topic: FTSE ex US Small Cap Fund Performance
Replies: 27
Views: 1397

Re: FTSE ex US Small Cap Fund Performance

From an MSCI page:

The MSCI EAFE Small Cap Index is an equity index which captures small cap representation across Developed Markets countries* around the world, excluding the US and Canada.
by Wagnerjb
Thu Jul 28, 2016 12:42 pm
Forum: Investing - Theory, News & General
Topic: FTSE ex US Small Cap Fund Performance
Replies: 27
Views: 1397

Re: FTSE ex US Small Cap Fund Performance

But it may be the FTSE vs. the MSCI. :idea: This may be the reason for the Canada discrepancy. I just looked at SCZ and DLS and neither appears to have anything material in Canada. The MSCI EAFE small cap index fact sheet doesn't show Canada in the top holdings either. So if you are comparing to fu...
by Wagnerjb
Thu Jul 28, 2016 11:13 am
Forum: Investing - Theory, News & General
Topic: FTSE ex US Small Cap Fund Performance
Replies: 27
Views: 1397

Re: FTSE ex US Small Cap Fund Performance

DLS has a five year (avg annual) return of 6.33% and SCZ has a return of 5.97%. Take 16% out of those developed small cap returns and replace it with the Canadian small cap returns. A google search finds an ETF called XCS with a five year annual return of 0.18%. It also finds an ETF called CNDA with...
by Wagnerjb
Thu Jul 28, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Would you tax GAIN harvest in this situation?
Replies: 11
Views: 1009

Re: Would you tax GAIN harvest in this situation?

Hi tpn: in your situation I would consider a few strategies: 1) Consider gifting some of the appreciated securities to your children. Under the Kiddie Tax, I believe they can have a little over $2000 in unearned (capital gain) income without having to pay tax at your higher tax rate. So, they sell s...
by Wagnerjb
Thu Jul 28, 2016 10:13 am
Forum: Investing - Theory, News & General
Topic: FTSE ex US Small Cap Fund Performance
Replies: 27
Views: 1397

Re: FTSE ex US Small Cap Fund Performance

Hi Doc: I am not sure what is going on with VSS. I keep a spreadsheet to track my International ETF & fund performance and while I don't own VSS, I keep track of its performance. I looked at two real-life comparisons, using funds that I either own or used to own. 80% DLS (Developed Small Cap) + ...
by Wagnerjb
Wed Jul 27, 2016 7:18 am
Forum: Personal Finance (Not Investing)
Topic: All eggs in one online basket - worried?
Replies: 18
Views: 2395

Re: All eggs in one online basket - worried?

I have a checking account at a local credit union, and I have accounts at both Vanguard and Fidelity. That deals with both of the issues you raise.

Best wishes.
by Wagnerjb
Tue Jul 26, 2016 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Cash Balance Pension - company dicey
Replies: 7
Views: 733

Re: Cash Balance Pension - company dicey

I have had an old pension plan become underfunded and one thing that happened was that it triggered a rule where you could no longer take the lump sum. After about five years you could take half as a lump sum, and eventually all of it again. You really need to find out if the plan is under the PBGC...
by Wagnerjb
Mon Jul 25, 2016 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Wal-Mart 401k guidance
Replies: 8
Views: 1240

Re: Wal-Mart 401k guidance

Currently I have 75% in the WM 2050 retirement fund and 25% in the Bond Fund. I would think there are two different strategies that make sense for you. 1) Invest 100% in the WM 2050 retirement fund and forget it. 2) Be a little more active in your investment management and choose individual funds y...
by Wagnerjb
Mon Jul 25, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Allstate Umbrella Insurance
Replies: 33
Views: 2673

Re: Allstate Umbrella Insurance

In my case, the rate was significantly impacted by teenagers. Before my children were 16, I paid Allstate $317 for a $2 million Umbrella policy. When my first child turned 16 and got a car, the premium jumped to $830. When my second child turned 16 two years later it jumped to $1425. With the kids g...
by Wagnerjb
Sun Jul 24, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Where should the money go
Replies: 4
Views: 568

Re: Where should the money go

Reducing your 401k contributions (down to the point where you still get the full match) would make sense if you used the extra funds to pay down your mortgage enough to refinance without PMI. After that, if you wanted to increase your emergency fund to a level that you are more comfortable with, tha...
by Wagnerjb
Sat Jul 16, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with Costco Citi Card Online
Replies: 5
Views: 974

Re: Problem with Costco Citi Card Online

I am unimpressed with Citi's online capability. Me too. I have been checking the account online, but it was only showing me the charges I made (not those made by my wife). However, the monthly statement amount included both of our charges....so it looked very awkward to see - for example - $150 of ...
by Wagnerjb
Sat Jun 25, 2016 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Financial lessons learnt very very hard way
Replies: 6
Views: 1539

Re: Financial lessons learnt very very hard way

If you search other threads, you will see several other threads on the same topic.

Best wishes.
by Wagnerjb
Mon Jun 20, 2016 11:57 am
Forum: Investing - Theory, News & General
Topic: "Rekenthaler Report The New 401(k) Argument: Vanguard Costs Too Much"
Replies: 20
Views: 2850

Re: "Rekenthaler Report The New 401(k) Argument: Vanguard Costs Too Much"

Wjb - I think you are missing the point. Are you employed in the finance industry by chance? In many cases (nearly all) participating in a tax advantaged 401(k) is still the better investment choice - even if it is being abused by brokers, "FAs", "Financial Managers" and high fe...

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