Search found 233 matches

by blaugranamd
Fri Jan 20, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Re: Inquiring about family finances?

Well once again the wisdom of the Bogleheads should have been heeded. I thought I found a nice medium of just buying him a "happy retirement" book and framing it as not being sure if he had any good retirement books and that this covered a good breadth of topics and leave it at that. Unfor...
by blaugranamd
Thu Jan 12, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5091

Re: Fidelity cuts index fund fees (but returns are lower).

The point is there's no reason to think that FTIPX/VTIAX will be substantially different given the exact same underlying index. They don't have the same index. VFITX: FTSE Global all cap ex US FTIPX: MSCI ACWI ex US IMI (note the IMI is investable market index. There is another version without the ...
by blaugranamd
Thu Jan 12, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Re: Inquiring about family finances?

Ahh, gotcha. Haven't brought it up with her. My point was not to be dismissive with her, just that her response, if involved in that convo would have been "well this is my cue to leave!" Points taken on the family finances and what not. She's just a bit too busy with work and new kid to ge...
by blaugranamd
Thu Jan 12, 2017 5:22 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5091

Re: Fidelity cuts index fund fees (but returns are lower).

S&P 500 Funds (Since 2005, same indices) FSUVX - +88% VFIAX - +90% http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1484259102663&chddm=1120606&cmpto=MUTF:VFIAX&cmptdms=0&q=MUTF:FUSVX&&ei=D_93WMmu...
by blaugranamd
Thu Jan 12, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Re: Inquiring about family finances?

I guess this begs another question that I've wondered about lately: Why is it so awkward and uncommon to discuss finances? Don't you think this is part of the reason why most people don't know much about saving, financial management, retirement planning etc? It's virtually all self-learned. My dad n...
by blaugranamd
Thu Jan 12, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Re: Inquiring about familiy finances?

What does you *wife* think about all of this? For starters, is she on board with your investing philosophy? And what is her relationship to her own father? (Did he include her in the previous conversation? If not, why do you think he didn't?) RM My wife doesn't think about finances. Ever. She could...
by blaugranamd
Thu Jan 12, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 9126

Re: How much do you typically spend in a restaurant?

$80-100 for us on date night. That's usually 1 app, 2 entrees, +/- dessert and 2 drinks. We live in LCOL and pretty much eat exclusively at local places.

:sharebeer
by blaugranamd
Thu Jan 12, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Re: Inquiring about familiy finances?

Thanks for the thoughts everyone. I was leaning toward staying out of it for the most part and this has reinforced it. I doubt he will end up in a situation where he outlives his portfolio. I will probably get him a congratulations on retirement gift book. Would Bogleheads guide to retirement or gui...
by blaugranamd
Thu Jan 12, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3765

Inquiring about family finances?

Just curious what everyone's opinion on handling this situation would be: Recently my father-in-law retired from a very well known blue chip company. After meeting with a financial advisor and, what I presume from our conversation, moving funds between investment companies to prepare for retirement ...
by blaugranamd
Thu Jan 12, 2017 8:17 am
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5091

Re: Fidelity cuts index fund fees (but returns are lower).

Comparing Fidelity Total International Index Fund - Premium Class (FTIPX) Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) at morningstar.com, since it's inception 7 months ago FTIPX trails VTIAX by 1.6%!!!!! That's terrible!! I really don't trust any of these companies other th...
by blaugranamd
Tue Jan 10, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5091

Re: Fidelity cuts index fund fees (but returns are lower).

I misspoke. Those are compared since inception of FTIPX in July 2016.
by blaugranamd
Tue Jan 10, 2017 5:42 pm
Forum: Investing - Theory, News & General
Topic: Tax-efficient market timing?
Replies: 6
Views: 330

Re: Tax-efficient market timing?

Why are you paying 30% taxes? #1 there's no 30% bracket, #2 if there were you'd still pay 15% long term capital gains unless you're short term on $100k of investments, in which case you're either very wealthy with $100k per year of new taxable investments or are already trading/selling a LOT and are...
by blaugranamd
Tue Jan 10, 2017 4:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5091

Re: Fidelity cuts index fund fees (but returns are lower).

Comparing Fidelity Total International Index Fund - Premium Class (FTIPX) Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) at morningstar.com, since it's inception 7 months ago FTIPX trails VTIAX by 1.6%!!!!! That's terrible!! I really don't trust any of these companies other th...
by blaugranamd
Tue Jan 10, 2017 4:52 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cuts index fund fees (but returns are lower).
Replies: 47
Views: 5091

Re: Fidelity cuts index fund fees (but returns are lower).

Comparing Fidelity Total International Index Fund - Premium Class (FTIPX) Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) at morningstar.com, since it's inception 7 months ago FTIPX trails VTIAX by 1.6%!!!!! That's terrible!! I really don't trust any of these companies other th...
by blaugranamd
Tue Jan 10, 2017 6:08 am
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Re: Taxable company choice to allow TLH?

I think everyone has answered my question well: Owning Vanguard funds that track different indices is probably safe to TLH if I take a loss around the time I buy shares of my Fidelity funds and TSP funds, especially if I stay in FSGUX instead of FTIPX. They all have: different investment companies, ...
by blaugranamd
Sun Jan 08, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Re: Taxable company choice to allow TLH?

Fun discussion and not at all what I thought we'd be talking about in this thread! I agree, if there is no case law to substantiate the arguments about "substantially identical" in terms of mutual funds then we're all at liberty to interpret it as we see fit until one of us becomes the cas...
by blaugranamd
Sat Jan 07, 2017 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Re: Taxable company choice to allow TLH?

... If two funds following the same index do not constitute "substantially identical", then the term has no meaning . I am not terribly convinced by the lack of precedent. The IRS disagrees with you about the term having no meaning. See Publication 550 . They and the courts simply haven't...
by blaugranamd
Sat Jan 07, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: A few very basic investing theory questions that have bugged me lately
Replies: 49
Views: 4363

Re: A few very basic investing theory questions that have bugged me lately

2. What is it about a stock that gives it an intrinsic value? I understand the benefit if a stock is dividend paying, say like Johnson and Johnson or P&G. But why does a stock like Berkshire Hathaway have value? A few things: I get that it's fractional ownership in a company but why is owning p...
by blaugranamd
Sat Jan 07, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 3429

Re: Disadvantage of Tax loss harvesting

Wait, if you have $150k in losses to claim and can only carry forward $3k losses per year don't you need 50 years to utilize all of that? Or is it that you can use those previous losses to whittle your yearly investment totals down to -$3k/year, ie: if you have $50k in gains next year you can use $...
by blaugranamd
Sat Jan 07, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Re: Taxable company choice to allow TLH?

Also, another random question: If selling the same fund in taxable and buying it in Roth IRA (ie: sell FTSVX taxable, buy FSTVX IRA) is considered a wash and I cannot claim a tax loss due to wash sale rules, if there is a capital GAIN does that repurchase negate the gain in a similar way? No. You p...
by blaugranamd
Sat Jan 07, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10044

Re: Max It Out Tomorrow [your IRA]

For those of you who are "all-in January" people, where do you get your funds from or where do you hold your funds until next year? 1. Borrow from emergency fund in January and rebuild over the year 2. Build up separate cash reserves to invest next January 3. Invest in the same funds as yo...
by blaugranamd
Sat Jan 07, 2017 1:24 pm
Forum: Investing - Theory, News & General
Topic: A few very basic investing theory questions that have bugged me lately
Replies: 49
Views: 4363

Re: A few very basic investing theory questions that have bugged me lately

IF tomorrow no one was buying or selling any stocks, we would all still be fractional owners of companies and if those stocks weren't generating any money for us, they would be of no value. But if a stock has some intrinsic right, like a "cash claim" as noted above, then it still is worth...
by blaugranamd
Sat Jan 07, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Disadvantage of Tax loss harvesting
Replies: 65
Views: 3429

Re: Disadvantage of Tax loss harvesting

Wait, if you have $150k in losses to claim and can only carry forward $3k losses per year don't you need 50 years to utilize all of that? Or is it that you can use those previous losses to whittle your yearly investment totals down to -$3k/year, ie: if you have $50k in gains next year you can use $5...
by blaugranamd
Sat Jan 07, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Re: Taxable company choice to allow TLH?

Also, another random question:

If selling the same fund in taxable and buying it in Roth IRA (ie: sell FTSVX taxable, buy FSTVX IRA) is considered a wash and I cannot claim a tax loss due to wash sale rules, if there is a capital GAIN does that repurchase negate the gain in a similar way?
by blaugranamd
Sat Jan 07, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Vacationing in Spain - how to pay for things?
Replies: 42
Views: 3054

Re: Vacationing in Spain - how to pay for things?

Use your credit cards, BUT make sure you have Chip and Pin cards as these readers are much more common in Spain vs USA and you might not be able to swipe. Use your debit card at any reputable bank ATM to withdraw Euros, the exchange rate is done automatically. Very easy. ALWAYS choose pay in Euros. ...
by blaugranamd
Sat Jan 07, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: A few very basic investing theory questions that have bugged me lately
Replies: 49
Views: 4363

Re: A few very basic investing theory questions that have bugged me lately

Further, some companies have huge cash hoards that help support the stock price. Apple's market capitalization is $628 billion, but they have over $200 billion in cash on hand. Apple has about 5.4 billion shares outstanding, so if it ever trades for a buck, you can kind of look at as paying $5.4 bi...
by blaugranamd
Sat Jan 07, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Re: Taxable company choice to allow TLH?

I'm not talking about S&P500 funds from both companies, I think that's risky but: FSTVX - Fido TSM - tracks Dow Jones U.S. Total Stock Market Index VTSMX - VG TSM - tracks MSCI U.S. Broad Market Index TSP C/S - TSP Common/Small - tracks S&P500 and Dow Jones U.S. Completion Total Stock Market...
by blaugranamd
Sat Jan 07, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: A few very basic investing theory questions that have bugged me lately
Replies: 49
Views: 4363

Re: A few very basic investing theory questions that have bugged me lately

Further, some companies have huge cash hoards that help support the stock price. Apple's market capitalization is $628 billion, but they have over $200 billion in cash on hand. Apple has about 5.4 billion shares outstanding, so if it ever trades for a buck, you can kind of look at as paying $5.4 bi...
by blaugranamd
Sat Jan 07, 2017 12:00 pm
Forum: Investing - Theory, News & General
Topic: A few very basic investing theory questions that have bugged me lately
Replies: 49
Views: 4363

Re: A few very basic investing theory questions that have bugged me lately

Ned, Thanks for the reply! 1. So the answer really is "sort of" active management. Just with virtually minimal activity. 2. I understand the P/E, P/BV, and all of that. But my question is WHY does any of that matter? If a companies profits double, why is the stock worth any more if the sto...
by blaugranamd
Sat Jan 07, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: Large cash allocation in Fidelity's index funds
Replies: 13
Views: 1407

Re: Large cash allocation in Fidelity's index funds

livesoft wrote:Where does the information for "cash" come from? It has been reported that Morningstar has some incorrect numbers. Take your beef up with them.


Are you referencing the cash goals per the fund's investment objectives or the calculation of percent of the funds assets in cash currently?
by blaugranamd
Sat Jan 07, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7311

Re: Are Younger people funding 529 Plans?

A thought I had last night: Would it be better to have the grandparents be the account owners rather than the parents for financial aid purposes to avoid these being considered? If it still follows the beneficiary, would it be better/legal to hold the funds say with grandparent as account owner AND ...
by blaugranamd
Sat Jan 07, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Re: Taxable company choice to allow TLH?

The IRS has never told us precisely how to interpret Congress's words substantially identical with respect to mutual funds, and there is no case law, but it would be hard to imagine a fund from one company being substantially identical to a fund from another, even if they followed the same index. I...
by blaugranamd
Sat Jan 07, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: A few very basic investing theory questions that have bugged me lately
Replies: 49
Views: 4363

A few very basic investing theory questions that have bugged me lately

As I've pursued my "continuing financial education" over the last few weeks, a few questions have begun to perplex me and I'm hoping the Bogleheads may be able to shed some light on these for me: 1. If indices like the S&P 500 are selected by a committee based on requirements of fundam...
by blaugranamd
Sat Jan 07, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Large cash allocation in Fidelity's index funds
Replies: 13
Views: 1407

Re: Large cash allocation in Fidelity's index funds

I noticed that last night when I was putting my 2017 IRA contributions to use as my AA wheel caught my eye incidentally.

For reference I'm currently

70% - FSTVX (TSM Premium) - 6% short
20% - FSGUX (Global ex-US) - 5% short
10% - FBIDX (US Bond) - 3% short
0% - cash
by blaugranamd
Fri Jan 06, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable company choice to allow TLH?
Replies: 43
Views: 1900

Taxable company choice to allow TLH?

Hey all, So my wife and I are planning on opening a taxable account this year as we've finally managed to max our rIRAs and TSPs! :D Quick question about these. First off quick background, we currently have 3-fund portfolios with Fidelity IRAs (FSTVX- total stock, FSGUX- Global ex US, and FBIDX- US ...
by blaugranamd
Thu Jan 05, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10044

Re: Max It Out Tomorrow [your IRA]

Well after having to maneuver around my banks $5000/day transfer limits between my mortgage transfer and two Roth IRAs I'm all done getting my IRAs fully funded.

:sharebeer
by blaugranamd
Thu Jan 05, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Am I wasting time with additional funds
Replies: 30
Views: 2003

Re: Am I wasting time with additional funds

This is what I was getting at with wasting time with different ETFS with such a small amount. I would probably still want to include international also so If I did switch I would go with a VTI, VXUS and BND in the Vanguard and SP500 in the Schwab. Why the extra SP500 weighting? If you want to keep ...
by blaugranamd
Thu Jan 05, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7311

Re: Are Younger people funding 529 Plans?

Bottom line is they're extra tax-advantaged space for folks who have no other tax advantaged space left, are on track to meet retirement savings goals, and anticipate paying for educational costs in the future. :sharebeer I think each person should run their own numbers / estimates and then decide ...
by blaugranamd
Thu Jan 05, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7311

Re: Are Younger people funding 529 Plans?

The state tax deductions aren't always a big impact. For example: my state offers a tax deduction and at our income our marginal state income tax rate is 4.597%. You can deduct $2,000 per beneficiary. That only amounts to about $92 per year in tax breaks. If that's enough to make you risk paying th...
by blaugranamd
Thu Jan 05, 2017 4:03 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7311

Re: Are Younger people funding 529 Plans?

Chose not to open a 529 for my kids. The benefit is quite small and the downside is large (restrictions on withdrawal, complexity of extra account, etc.). I would do it if I got a state tax deduction though. I concur and we haven't opened up a 529 for some of the same reasons. Also, not all of us &...
by blaugranamd
Wed Jan 04, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10044

Re: Max It Out Tomorrow [your IRA]

As you may have noticed, there's a lot of opinions on how best to invest, but at this point it's getting into the hair-splitting and investment theory of this all. You've done the most important part: focus on maximizing your savings and tax-advantages. :sharebeer As for your above questions, lump-s...
by blaugranamd
Tue Jan 03, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: TV in the bedroom?
Replies: 82
Views: 5045

Re: TV in the bedroom?

Poor sleep hygiene. No thanks.
by blaugranamd
Tue Jan 03, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10044

Re: Max It Out Tomorrow

perhaps a stupid question, but if you contribute $5500 at the beginning of the year, and it drops in value to $3000, can you contribute another $2500 at the end of the year to bring it back up to $5500? i would guess no, but this thread got me thinking. No. You are confusing valuation (current valu...
by blaugranamd
Tue Jan 03, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10044

Re: Don't Max It Out Tomorrow

Don't Max Out Tomorrow. If you're sitting on $5500/$6500 in cash and waiting to pull the trigger to fill your IRA tomorrow, then the damage is already done. But in the future, remember that "Time,Not Timing" matters. That is, you should have invested that money last year, rather than sitt...
by blaugranamd
Tue Jan 03, 2017 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10044

Re: Max It Out Tomorrow

I thought of this debate while reading, "A Random Walk Down Wall Street" over the weekend and Malkiel points to a study, I can't find the exact quote at 0600 today, that showed a huge portion of the gains over the last few decades occurred over about 90 or so investing days and missing tho...
by blaugranamd
Tue Dec 27, 2016 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard vs Fidelity vs USAA for SEP IRA
Replies: 8
Views: 667

Re: Vanguard vs Fidelity vs USAA for SEP IRA

I like USAA a lot, but their mutual funds are not price competitive with the others and they are more limited in index fund too
by blaugranamd
Sun Dec 25, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Need help in investing funds through IRA
Replies: 8
Views: 648

Re: Need help in investing funds through IRA

This is obviously getting tough, because your investments are limited and, by most of our standards here, they are not good investment options given their expenses, active management, and lack of small cap/bond options, all of which are the opposite of how most folks invest here, sharia requirements...
by blaugranamd
Sun Dec 25, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Am I being smart with this car purchase?
Replies: 58
Views: 4769

Re: Am I being smart with this car purchase?

You have over $100K in debt, were not able to max out your retirement accounts , and can't pay cash for the car. Taking out a loan to buy a car that costs over $40K and has a reputation for high maintenance costs and rapid depreciation is not smart especially since you will likely need to replace y...
by blaugranamd
Sat Dec 24, 2016 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Need help in investing funds through IRA
Replies: 8
Views: 648

Re: Need help in investing funds through IRA

AMANX - large blend compared to S&P 500 on M* AMAGX - large growth IMANX - also large growth ADJEX - mid growth Looks like the first three are fairly similar with AMANX being mostly large cap and AMAGX with some mid/small caps. All are rather expensive with ERs >1.0% You're in an odd place give...
by blaugranamd
Fri Dec 23, 2016 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need help in investing funds through IRA
Replies: 8
Views: 648

Re: Need help in investing funds through IRA

AMANX - large blend compared to S&P 500 on M* AMAGX - large growth IMANX - also large growth ADJEX - mid growth Looks like the first three are fairly similar with AMANX being mostly large cap and AMAGX with some mid/small caps. All are rather expensive with ERs >1.0% You're in an odd place given...

Go to advanced search