Search found 3939 matches

by avalpert
Fri Dec 09, 2016 3:01 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 208
Views: 5479

Re: Explain why Rebalancing isn't Market Timing?

If you were in a situation where your portfolio risk was higher than you prefer, and you were provided with two scenarios: Rebalance based on scenario 1, to return your risk profile to what you want based on a time-criteria so therefore not market timing and therefore not hurting your returns Rebal...
by avalpert
Fri Dec 09, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Opening multiple checking accounts for bonuses
Replies: 3
Views: 400

Re: Opening multiple checking accounts for bonuses

I've done this for a bit - frankly I've found most of the banks make it a pain in the ass and the few hundred dollars aren't worth the effort.
by avalpert
Fri Dec 09, 2016 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Switch biz to LLC for tax purposes?
Replies: 44
Views: 1495

Re: Switch biz to LLC for tax purposes?

The beauty of this arrangement is if the tax difference dips into the negative territory in any given year then you can pay all of the company's income to yourself in the form of salaries and bonuses and be taxed exactly the same as you would without a C corporation. Can't do that - reasonable sala...
by avalpert
Fri Dec 09, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Switch biz to LLC for tax purposes?
Replies: 44
Views: 1495

Re: Switch biz to LLC for tax purposes?

The beauty of this arrangement is if the tax difference dips into the negative territory in any given year then you can pay all of the company's income to yourself in the form of salaries and bonuses and be taxed exactly the same as you would without a C corporation. Can't do that - reasonable sala...
by avalpert
Fri Dec 09, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Switch biz to LLC for tax purposes?
Replies: 44
Views: 1495

Re: Switch biz to LLC for tax purposes?

You need to look into IRS' reasonable compensation rules. As a corporation you are going to have to be paying yourself an employee salary (which means the full w2 treatment including payroll taxes and withholding) that would be deemed 'reasonable' based on your actual role and duties in the company...
by avalpert
Fri Dec 09, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Switch biz to LLC for tax purposes?
Replies: 44
Views: 1495

Re: Switch biz to LLC for tax purposes?

The beauty of this arrangement is if the tax difference dips into the negative territory in any given year then you can pay all of the company's income to yourself in the form of salaries and bonuses and be taxed exactly the same as you would without a C corporation. Can't do that - reasonable sala...
by avalpert
Fri Dec 09, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Switch biz to LLC for tax purposes?
Replies: 44
Views: 1495

Re: Switch biz to LLC for tax purposes?

You need to look into IRS' reasonable compensation rules. As a corporation you are going to have to be paying yourself an employee salary (which means the full w2 treatment including payroll taxes and withholding) that would be deemed 'reasonable' based on your actual role and duties in the company....
by avalpert
Fri Dec 09, 2016 12:33 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

+1 for Cape Town, but avoid Johannesburg at all costs - gritty, crime, dirty. The Western Cape is very good. Top it up with a safari at Kruger and you'll have memories to remember. Don't forget to shark dive while in Cape Town. Really depends on your secondary goals... other than setting foot in Af...
by avalpert
Fri Dec 09, 2016 12:22 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

I would highly recommend Tanzania with the most famous park in the world, Serengeti. Visit the museum where the Leaky's found the most famous jaw bone of our ancestors at the time. We also interacted with the local people. The Maori are the biggest tribe and are as elegant and physically tall with ...
by avalpert
Fri Dec 09, 2016 10:19 am
Forum: Personal Consumer Issues
Topic: Vacation ideas in Europe or South America - Feb 18-25??
Replies: 9
Views: 537

Re: Vacation ideas in Europe or South America - Feb 18-25??

What do you want to do? Are you looking for nature/wildlife/culture/cities/beach/scuba diving/museums/festivals (carnival starts the 24th)/rock climbing/rafting/fly-fishing etc.? It is a big world with lots of possibilities - knowing your interests will help people provide a recommendation that is g...
by avalpert
Fri Dec 09, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

I would highly recommend Tanzania with the most famous park in the world, Serengeti. Visit the museum where the Leaky's found the most famous jaw bone of our ancestors at the time. We also interacted with the local people. The Maori are the biggest tribe and are as elegant and physically tall with ...
by avalpert
Fri Dec 09, 2016 9:49 am
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 208
Views: 5479

Re: Explain why Rebalancing isn't Market Timing?

obviously a lot of justification herein for reblanacing not being timing. That's funny, what I think is obvious is a lot of people here trying to conflate two distinct concepts (what are labeled here rebalancing and market timing) in an effort to dismiss one (rebalancing) without addressing it dire...
by avalpert
Thu Dec 08, 2016 4:47 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 208
Views: 5479

Re: Explain why Rebalancing isn't Market Timing?

It just doesn't make sense to me. How can you reduce your risk, while simultaneously increasing your returns / beating the market? As others have pointed out I think you are assigning a purpose to rebalancing that most don't have - it is to control risk, not increase returns. However, I think it is...
by avalpert
Thu Dec 08, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 208
Views: 5479

Re: Explain why Rebalancing isn't Market Timing?

Of course rebalancing is market timing. When stocks are low you buy more. When stocks are high you sell. Any explanation to the contrary is doublespeak. But that is a definition of rebalancing. You could be rebalancing out of stocks when they are low or into them when they are high since it is thei...
by avalpert
Thu Dec 08, 2016 3:38 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 208
Views: 5479

Re: Explain why Rebalancing isn't Market Timing?

If our INPUTS are always at our desired asset allocation, and we let them float, theoretically over the long run, our risk profile shouldn't change. We will be buying into the market at the rates they are at and let them float, and over the long term that will average out to the returns we expect f...
by avalpert
Thu Dec 08, 2016 2:09 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 208
Views: 5479

Re: Explain why Rebalancing isn't Market Timing?

aboose, This is a semantics argument: we're talking about what to call something. Such arguments are bound to be a waste of time unless we can agree on definitions of terms. So, to make this concrete, how about you provide *your* definition of "market timing", and then we'll discuss wheth...
by avalpert
Thu Dec 08, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 208
Views: 5479

Re: Explain why Rebalancing isn't Market Timing?

The definitions are simply different. 'Mechanically the same' - if by this you mean you sell and buy assets, sure. But, a market timer may buy more stocks because 'the time is right', the same day a rebalancer would sell stocks because his allocation is out of whack. His allocation is out of whack ...
by avalpert
Thu Dec 08, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Chase Sapphire Reserve Card
Replies: 19
Views: 1894

Re: Question about Chase Sapphire Reserve Card

I checked the fine print, tripple dipping seems impossible. I will likely have to keep the card the second year because it's my only Chase card, I have a very high credit limit on it that seems to buffer my credit score from churing, and I'm 5/24'd. You can ask Chase to downgrade the card to a Sapp...
by avalpert
Thu Dec 08, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Current Market rally
Replies: 56
Views: 5836

Re: Current Market rally

I was surprised when Dow Futures were down over 800 points the night of the election but then the real market was up the day after when the results were actually known. My attitude is that pretty much anything the market decides to do is a surprise to me. I have my opinions but I have given up tryi...
by avalpert
Thu Dec 08, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Incomplete contribution to 401K for this year
Replies: 17
Views: 1061

Re: Incomplete contribution to 401K for this year

You could try to contribute more than 75% and see if your plan will enforce the rule. It isn't up to Fidelity, that limit will be set in your plan documents (as chosen by your employer when they established the plan) - they cannot make exceptions to it. Can't make exceptions but can be bad at their...
by avalpert
Wed Dec 07, 2016 11:05 pm
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1650

Re: Eclipse viewing

ResearchMed wrote:Does anyone already know which locations (appropriate portions of states?) have better histories of clear skies in mid/late august?


This chart might give an idea of where your best chances are - looks like Columbia Basin or Snake River would be the best bet.
by avalpert
Wed Dec 07, 2016 10:44 pm
Forum: Investing - Theory, News & General
Topic: 401k contributions
Replies: 5
Views: 576

Re: 401k contributions

No, all employee contributions need to be deducted from paychecks prior to December 31st.
by avalpert
Wed Dec 07, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Offsetting Carryover Capital Losses with Gains
Replies: 11
Views: 373

Re: Offsetting Carryover Capital Losses with Gains

The carryover losses will first be applied to your capital gains - first the $13,000 of long term losses will be applied, then the $12,000 in short term losses leaving you with long-term gains of $7,000. This would be a suboptimal situation as not only will you not offset $3,000 in earned income (w...
by avalpert
Wed Dec 07, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Chase Sapphire Reserve Card
Replies: 19
Views: 1894

Re: Question about Chase Sapphire Reserve Card

The credit offsets transaction with companies tagged in their 'travel' category. You may be able to get gift cards from airlines/hotels to offset but you would then have to use them with those airlines/hotels. The travel credit is applied pretty broadly - it includes parking fees, ez-pass, local pub...
by avalpert
Wed Dec 07, 2016 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Offsetting Carryover Capital Losses with Gains
Replies: 11
Views: 373

Re: Offsetting Carryover Capital Losses with Gains

The carryover losses will first be applied to your capital gains - first the $13,000 of long term losses will be applied, then the $12,000 in short term losses leaving you with long-term gains of $7,000. This would be a suboptimal situation as not only will you not offset $3,000 in earned income (wh...
by avalpert
Wed Dec 07, 2016 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Incomplete contribution to 401K for this year
Replies: 17
Views: 1061

Re: Incomplete contribution to 401K for this year

No reason to consider a Roth 401k unless you would have been btter off doing that anyway - still preferable to do traditional under the minimum. Check if you are eligible for deductible IRA, Roth IRA or consider a backdoor Roth for additional tax-advantaged investment options this year. What do you...
by avalpert
Tue Dec 06, 2016 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Incomplete contribution to 401K for this year
Replies: 17
Views: 1061

Re: Incomplete contribution to 401K for this year

Could possibly check to see if your plan allows for depositing a personal check into your account. Mine does not, but some may. No, all 401k deposits must come from payroll reductions to your paycheck. OP - if the max of the plan is 75% of salary and that won't be enough to hit the maximum then the...
by avalpert
Tue Dec 06, 2016 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: W2 and 1099 retirement contributions?
Replies: 2
Views: 194

Re: W2 and 1099 retirement contributions?

Assuming you are taxed as a sole proprietor you can contribute ~20% of net income (adjusted for deductible self-employment tax) to a solo-401 as an employer contribution up to 53,000.
by avalpert
Mon Dec 05, 2016 8:17 pm
Forum: Personal Consumer Issues
Topic: Best business credit card and bank account for S-corp
Replies: 13
Views: 968

Re: Best business credit card and bank account for S-corp

i would get a 2% cash back credit card. 2% automatically refunded on all purchases is usually a better deal than "points" or "miles". I don't think that is a true statement for anyone who spends more on airfare a year than they would receive in points since the points act as dir...
by avalpert
Mon Dec 05, 2016 1:27 pm
Forum: Personal Consumer Issues
Topic: Best business credit card and bank account for S-corp
Replies: 13
Views: 968

Re: Best business credit card and bank account for S-corp

i would get a 2% cash back credit card. 2% automatically refunded on all purchases is usually a better deal than "points" or "miles". I don't think that is a true statement for anyone who spends more on airfare a year than they would receive in points since the points act as dir...
by avalpert
Mon Dec 05, 2016 10:45 am
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

I'd like to thank everyone for the information and suggestions. I think I never thought before that Uganda and Rwanda are safe places to visit. I will do more research to decide which country to visit, most likely to be one from South Africa, Morocco, and Egypt. But I will certainly visit other cou...
by avalpert
Mon Dec 05, 2016 10:40 am
Forum: Personal Consumer Issues
Topic: Best business credit card and bank account for S-corp
Replies: 13
Views: 968

Re: Best business credit card and bank account for S-corp

If you want to use points for travel I suggest Southwest Rapid Rewards card (if you have access to Southwest Airlines nearby). You can travel for very few points if you plan ahead and their frequent flyer program is among the best I have found. That's a fairly limited view of 'travel' cutting off t...
by avalpert
Mon Dec 05, 2016 12:11 am
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

The more I thought about it, if I were only traveling to Africa once in my life for a short trip, I would choose Uganda (and/or Rwanda). It doesn't quite meet your criteria as you do need a visa but it is easy to obtain. March also isn't the ideal season, but if that is when you can go it is when yo...
by avalpert
Sun Dec 04, 2016 10:47 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

+ 1 for Botswana. I have been to S. Africa many times (but mostly for business) recommend Cape Town, Rovos Rail from Pretoria to Cape Town. J'burg is interesting but be careful crime is still high. Go see the Apartied Museum a great museum that gives you a little feel for what has happened in RSA. ...
by avalpert
Sun Dec 04, 2016 8:56 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

I'll start by saying 'wanting to step foot on the continent' is a pretty weak reason to travel somewhere in my mind. Well, in my quest to visit all fifty US states I once drove some 20 (?) miles out of my way to cross the "border" between Virginia and West Virginia. Got out of the car, di...
by avalpert
Sun Dec 04, 2016 8:13 pm
Forum: Personal Consumer Issues
Topic: Best business credit card and bank account for S-corp
Replies: 13
Views: 968

Re: Best business credit card and bank account for S-corp

Chase Ink Preferred to get the sign on bonus (which will be worth more than the annual fee) then downgrade to Ink Cash before the next annual fee. If you have Chase Sapphire Preferred you can transfer the points from the Ink account and get 1.5 cents per points towards travel booked through Chase po...
by avalpert
Sun Dec 04, 2016 7:54 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

South Africa or Namibia. Namibia requires a visa. No, it doesn't. Just a valid US passport with 6 months or more left before expiration. I didn't say that. You cut off the rest of the statement about the fact that the "visa" is really just an entry fee payable at port of entry. Except the...
by avalpert
Sun Dec 04, 2016 6:22 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

I'll start by saying 'wanting to step foot on the continent' is a pretty weak reason to travel somewhere in my mind. What do you want to do with your time? If you just want to step foot might as well go to Spain and take a ferry for the day to Tangier or Ceuta. That said, if you want to spend 7-10 d...
by avalpert
Sun Dec 04, 2016 6:16 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 63
Views: 3183

Re: Which country in Africa to visit?

dbr wrote:
TravelGeek wrote:South Africa or Namibia.


Namibia requires a visa.

No, it doesn't. Just a valid US passport with 6 months or more left before expiration.
by avalpert
Sun Dec 04, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move in order to save on taxes?
Replies: 21
Views: 2071

Re: Should I move in order to save on taxes?

I currently live in Nebraska...... Thanks for any help. I'm really at a loss right now as structuring a business, COL, and taxes are swirling in my mind. I'm sorry if my question isn't very succinct. :? Where you live, and where your business 'lives' shouldn't be related unless you're in a traditio...
by avalpert
Sun Dec 04, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional vs Roth
Replies: 28
Views: 1993

Re: Traditional vs Roth

If I keep growing my retirement accounts for another 20 years or so maxing out the 401k, would the tax free growth of Roth supersede the lower tax bracket savings of traditional in retirement? No, mathematically this will never happen. If the tax rate is the same - whether you pay it now before inv...
by avalpert
Sat Dec 03, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move in order to save on taxes?
Replies: 21
Views: 2071

Re: Should I move in order to save on taxes?

P.S. I own a business that's still a sole proprietorship. How much do I need to earn before I change it into another entity? It's taking on a life of its own so it feels odd having it still be fully in my name. The considerations should be around liability protection for your personal assets, tax i...
by avalpert
Sat Dec 03, 2016 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 3883

Re: Do You Consider Dividends As Income?

... How do you all characterize capital appreciation? I don't need to "characterize" it for any purpose other than taxes. Everything that's left after I've taken what's needed for my expenses/budget is just savings/investments. And you don't think it is helpful to distinguish between inco...
by avalpert
Sat Dec 03, 2016 9:11 pm
Forum: Investing - Theory, News & General
Topic: Growth of Earnings/Share over last decade
Replies: 10
Views: 642

Re: Growth of Earnings/Share over last decade

wbond wrote:
avalpert wrote:. Not just not actionable but uninteresting as well.
On what ultimately do you base these models, Glaucon?

Cohesive theories that are able to both explain past behavior and provide hypothesis of future outcomes that bear out.
by avalpert
Sat Dec 03, 2016 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 3883

Re: Do You Consider Dividends As Income?

Income is new money coming to me, so dividends are income regardless how I spend (reinvest) them. My first investment used income (earnings), so why wouldn't the dividends be considered income today? I do and because they make up a large part of my income Likewise. Pension about 48% Divs 52%. Divs ...
by avalpert
Sat Dec 03, 2016 8:16 pm
Forum: Investing - Theory, News & General
Topic: Growth of Earnings/Share over last decade
Replies: 10
Views: 642

Re: Growth of Earnings/Share over last decade

C) Therefore historical real earnings/share growth is of interest to investors - in that knowledge of the past is all we have for making assumptions about the future. Not really, in fact making assumption about the future based solely on knowledge of the past is probably a good recipe for making ba...
by avalpert
Sat Dec 03, 2016 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 3883

Re: Do You Consider Dividends As Income?

No, I consider it part of investment returns.
by avalpert
Sat Dec 03, 2016 4:50 pm
Forum: Investing - Theory, News & General
Topic: active, passive, and factor investing
Replies: 40
Views: 2432

Re: active, passive, and factor investing

When it comes to looking at market pricing, I'd suggest the following categories of thought: 1) The market price is the "correct" price. If you deviate from cap. weight your allocation will be wrong. That is a non-sequitur. The expected return is priced correctly based on the risk tell yo...
by avalpert
Sat Dec 03, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: different 401(k) matches for different employees
Replies: 6
Views: 883

Re: different 401(k) matches for different employees

I do not believe there is any way for an employer to offer different matching contribution terms to a single employee.
by avalpert
Sat Dec 03, 2016 11:59 am
Forum: Investing - Theory, News & General
Topic: active, passive, and factor investing
Replies: 40
Views: 2432

Re: active, passive, and factor investing

Increasing exposure to risk premium factors within the equity sector is active in the same way that increasing exposure to equity premium is within the overall global sector (or decreasing exposure to term and credit in bond markets by using only Treasury's of a given duration). Active portfolio con...

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