Search found 1799 matches

by dmcmahon
Mon Feb 01, 2016 9:12 pm
Forum: Investing - Theory, News & General
Topic: Arguments against small-caps
Replies: 10
Views: 1373

Re: Arguments against small-caps

One could argue they're (more) overvalued (than the general market) by most metrics.

Despite thinking this, I own the market weight via the total market ETF.
by dmcmahon
Sat Dec 05, 2015 7:22 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Federal Money Market Fund Reopened - MUST USE]
Replies: 77
Views: 5804

Re: Vanguad Brokerage settlements

...and this account will be exposed to fluctuating valuation... I have not seen that stated anywhere . This says: https://personal.vanguard.com/pdf/VGMMR.pdf ... U.S. government money market funds will be permitted to retain the stable $1.00 per share NAV and may be offered to institutional investo...
by dmcmahon
Sat Dec 05, 2015 3:41 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Federal Money Market Fund Reopened - MUST USE]
Replies: 77
Views: 5804

Vanguad Brokerage settlements

[Thread merged into here, see below. --admin LadyGeek] Well, so much for the new rule about floating-value MM funds only affecting institutions. I just got a letter from VBS and if I'm reading it right, I'll be required to use a new MM fund as the settlement account for any transactions, and this a...
by dmcmahon
Sun Nov 01, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: CRUT - need some help [Charitable Remainder UniTrust]
Replies: 2
Views: 353

Re: CRUT - need some help

I guess I'll have to re-read it. Re. the payout, 5% is required I believe. The less than lifetime term is so that the charitable donations will hopefully occur while I'm still around.
by dmcmahon
Sat Oct 31, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: CRUT - need some help [Charitable Remainder UniTrust]
Replies: 2
Views: 353

CRUT - need some help [Charitable Remainder UniTrust]

I set up a Charitable Remainder UniTrust (CRUT) in July of 2015. The trust is to run for 15 years, paying me 5% of the assets annually, with the balance going to various charities at the end of that term, or if I die before the 15 years are up. I decided to be my own trustee, and I'm looking for an ...
by dmcmahon
Sat Jul 25, 2015 2:07 pm
Forum: Investing - Theory, News & General
Topic: [Original Research] The Failure of PE Market Timing Models
Replies: 50
Views: 3859

Re: [Original Research] The Failure of PE Market Timing Models

What happens if you factor in taxes? From what I can see its very difficult to overcome the tax drag from the trading required.
by dmcmahon
Wed Jul 22, 2015 6:29 pm
Forum: Investing - Theory, News & General
Topic: Pros and cons of adding Roth Option to 401K Plan
Replies: 103
Views: 6589

Re: Pros and cons of adding Roth Option to 401K Plan

As an employee, the Roth 401k is of little benefit to me at the moment due to my tax situation. However, it's existence means that in retirement I'll be able to convert funds into a Roth without first moving them to an IRA, which is a plus. So the employees who'll benefit may be a larger group than ...
by dmcmahon
Tue Jul 21, 2015 9:46 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 161
Views: 17047

Re: TIPS - Did you give up?

All of mine are individual bonds with long dates. I still think inflation's inevitable and so they're a cheap hedge. I did refuse to buy them at negative yields, though. At present I'm no longer adding to my position until I have more space in tax deferred and the real yields are more attractive.
by dmcmahon
Wed Jun 24, 2015 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF dividends?
Replies: 13
Views: 1612

Re: Vanguard ETF dividends?

Thanks. Um...what exactly is a "declaration date"?
by dmcmahon
Wed Jun 24, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF dividends?
Replies: 13
Views: 1612

Vanguard ETF dividends?

Anyone know when they're supposed to be paid? I need to buy some shares but don't want to buy a distribution.
by dmcmahon
Tue Jun 16, 2015 10:03 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 250
Views: 29798

Re: Forum software upgrade bug reports and change requests

Woohoo! The forum looks "right" again on my iPad!
by dmcmahon
Tue May 12, 2015 11:08 pm
Forum: Forum Issues and Administration
Topic: What's new and changed in phpBB 3.1
Replies: 69
Views: 8084

Re: What's new and changed in phpBB 3.1

How do I change font size? I'm on an iPad as I write this, and the font size is a bit large, but on the home page it is unusable it's so large. Try holding the Apple key and - (Minus). Apple+ makes it larger if you go too far. Unless I'm missing it, there are no Apple (or Control) keys on the iPad ...
by dmcmahon
Wed May 06, 2015 9:42 pm
Forum: Forum Issues and Administration
Topic: UI issues (especially iPad)? please evaluate alternate styles
Replies: 41
Views: 5708

Re: UI issues (especially iPad)? please evaluate alternate styles

Thanks Gecko, this is exactly the issue - suddenly there is about half the information content visible on the pad's screen.

Fwiw the SE Square looks like the old format, of the choices on that demo site.
by dmcmahon
Wed May 06, 2015 3:06 pm
Forum: Forum Issues and Administration
Topic: UI issues (especially iPad)? please evaluate alternate styles
Replies: 41
Views: 5708

Re: UI issues (especially iPad)? please evaluate alternate styles

I'll check out the choices when I'm home and have access to the pad. Something definitely changed in the last week or two. I used to read the forum in landscape mode, and there were a lot more rows shown than I seem to see now. This is when looking at the board index or at a listing of topics within...
by dmcmahon
Tue May 05, 2015 7:55 pm
Forum: Forum Issues and Administration
Topic: Oh yuck, what just happened to the font?
Replies: 65
Views: 7432

Re: Oh yuck, what just happened to the font?

No obvious toolbar on the iPad
by dmcmahon
Tue May 05, 2015 7:16 pm
Forum: Forum Issues and Administration
Topic: Oh yuck, what just happened to the font?
Replies: 65
Views: 7432

Re: Oh yuck, what just happened to the font?

I still seem to have a problem. I use an iPad and on my device the forum pages suddenly look super sized, even though the font looks like a scaled up version of the one I think it's always used. Things seem to be 1.5 spaced as well. It's not easy to selectively clear the cache on the pad - you get a...
by dmcmahon
Sat Apr 11, 2015 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Limit on IRA contributions?
Replies: 2
Views: 260

Limit on IRA contributions?

My sister is a retired teacher and she may earn some modest amounts of money working as a substitute teacher. What limits apply to IRA contributions in this situation? As an example, supposed she earns $10,000.00, can she still contribute $5,500.00 + $1,000.00 to an IRA, or is there some lower limit...
by dmcmahon
Fri Mar 27, 2015 7:02 pm
Forum: Personal Consumer Issues
Topic: Tesla X
Replies: 128
Views: 15804

Re: Tesla X

You really want the gull wing doors?
by dmcmahon
Fri Mar 27, 2015 9:28 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 760
Views: 114242

Re: Tesla S

You see them everywhere here in Silicon Valley. Someone told me it's the #1 seller in Atherton (a well-heeled mid-peninsula suburb). No question the cars are sexy as hell, and incredible to drive (so I'm told) with amazing acceleration. My thoughts for what they're worth: 1. Having owned an electric...
by dmcmahon
Wed Mar 25, 2015 10:03 am
Forum: Personal Consumer Issues
Topic: Flash Drive Data Recovery
Replies: 5
Views: 789

Re: Flash Drive Data Recovery

When mine failed, it was still readable, just not writable. Unfortunately Windows insists on trying to write something to it whenever it's mounted. Fortunately Linux does not, so I was able to copy it off without losing anything.
by dmcmahon
Tue Mar 24, 2015 11:44 pm
Forum: Personal Consumer Issues
Topic: Car buying services - recommendations?
Replies: 14
Views: 2455

Car buying services - recommendations?

Any reason to prefer Costco vs AAA vs. ______? Any experiences using them to buy a new car, good or bad?
by dmcmahon
Tue Mar 24, 2015 11:43 pm
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 53
Views: 6776

Re: Building a new house. Any recommendations?

Wiring - it's hard to retrofit if you leave something out so get those cable runs everywhere you might conceivably want them, and make sure you have high-speed Ethernet wiring with a central closet or similar into which you can bring your broadband.
by dmcmahon
Sat Mar 21, 2015 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs ACA
Replies: 35
Views: 2914

Re: COBRA vs ACA

In early retirement, my ACA insurance has been better than excellent. The coverage is wonderful; networks are complete. Customer service is professional, friendly and helpful. My current ACA is superior to the both Cadillac plan I had as a corporate employee and the deluxe plan I later had as a pub...
by dmcmahon
Sat Mar 21, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Newly retired teacher - tax questions
Replies: 5
Views: 743

Newly retired teacher - tax questions

My sister recently retired after teaching for 30 years. I help prepare her tax return with TurboTax and 2015 is going to be a significant change from prior years. Question 1: are health insurance premiums deductible? Now that she's retired, she pays the county out of her modest pension to continue i...
by dmcmahon
Mon Mar 09, 2015 9:33 pm
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 5499

Re: If you could send an investment message 10 years in the

If you received a message from yourself from the future, would you actually act on it?? I don't think I would. I would include a component that would ensure it came from me. It's not in my message but 140 characters is more than enough to append it. Since the only possible sender is me, and my past...
by dmcmahon
Mon Mar 09, 2015 8:29 pm
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 5499

Re: If you could send an investment message 10 years in the

Put all your money into AAPL and hold until 2015

I would debate the notion that lottery tickets are an investment message.
by dmcmahon
Sun Mar 08, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Lowering Taxable Income
Replies: 18
Views: 2183

Re: Lowering Taxable Income

Leif wrote:If you are self employed you may be able to set up a pension plan (defined benefit) for yourself.


+1 maybe show this to the other docs in your practice:

http://www.forbes.com/sites/ashleaebeli ... t-savings/
by dmcmahon
Sat Mar 07, 2015 7:35 pm
Forum: Investing - Theory, News & General
Topic: Why is there more (real) money in the market?
Replies: 8
Views: 1343

Re: Why is there more (real) money in the market?

In a capitalist society, a disproportional share of the GDP goes to the capital owners. Search forum for previous discussions on this. I think you are on the wrong track here. What you say may be correct, but you'll see evidence of that in the ratio of corporate profits to GDP, currently at record ...
by dmcmahon
Wed Mar 04, 2015 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard becominng more assertive with boards WSJ
Replies: 9
Views: 2051

Re: Vanguard becominng more assertive with boards WSJ

This is good news and I'm happy to hear it. I'm sure John C. Bogle will be pleased so, as he's made his views plain on many occasions--was this in The Battle for the Soul of Capitalism ? Any step in this direction, even symbolic, will have a salutory effect. Vanguard has claimed that they have, in ...
by dmcmahon
Tue Mar 03, 2015 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-MISC causes schedule C in TurboTax
Replies: 1
Views: 401

1099-MISC causes schedule C in TurboTax

My last problem is a 1099-MISC I recieved for a promotional reward. I enter this in TT and lo and behold it insists on reporting this on schedule C as business or self employment income. Ugh. I've tried a few different variants but it seems TT is hard wired to treat all 1099-MISC income as schedule ...
by dmcmahon
Tue Mar 03, 2015 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Re: Turbotax ESPP sale woes - help!

Sounds like the $25 is likely the comission you paid - should show up in the transaction statement. Cashless stock option sales usually end up as a loss on schedule D for the amount of the commission (what you made is already included as part of you income on your w2 - but the commission deduction ...
by dmcmahon
Tue Mar 03, 2015 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Re: Turbotax ESPP sale woes - help!

Sounds like the $25 is likely the comission you paid - should show up in the transaction statement. Cashless stock option sales usually end up as a loss on schedule D for the amount of the commission (what you made is already included as part of you income on your w2 - but the commission deduction ...
by dmcmahon
Mon Mar 02, 2015 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Re: Turbotax ESPP sale woes - help!

I think I clicked an "ESPP" checkbox then a box that said something like "manually enter the data (I have all the data)" or something to that effect. Deleted the transations and re-entered them, this time using step-by-step. I dug out form 3922 from two years to get the bits and...
by dmcmahon
Mon Mar 02, 2015 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Re: Turbotax ESPP sale woes - help!

When you are done - Column “e” on form 8949 will have the adjusted amount from your 1099-B which is likely to be a larger cost basis. Thanks, I'll check this but I think this is where it's gone wrong. To do this in turbotax “Step-by-Step” mode you can click the checkbox “Add More Details” under eac...
by dmcmahon
Mon Mar 02, 2015 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Re: Turbotax ESPP sale woes - help!

Initially, I took the path where I said I had all the info and would enter manually. It didn't end well. I had better luck when I followed the TT recommendation to walk me through it. I then gave it all the "variables" it asked for and it calculated the compensation and gain/loss, which I...
by dmcmahon
Mon Mar 02, 2015 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Re: Turbotax ESPP sale woes - help!

How would I know if the ESPP ordinary income was included in my w2? I've never really understood this, so it is possible I have been double counting income this whole time. On my W2, I see a line item in one of the boxes that has a figure exactly the same as the compensation element calculated by h...
by dmcmahon
Sun Mar 01, 2015 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Re: Turbotax ESPP sale woes - help!

I never use the ESPP feature of TT. I just treat it as a normal stock sale. I sell ESPP shares immediately; therefore, I don't have to think about the tax rules for qualified dispositions. I enter the 1099-B with the incorrect cost basis. I then put in an adjusted basis, so I don't get double taxed...
by dmcmahon
Sun Mar 01, 2015 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax ESPP sale woes - help!
Replies: 17
Views: 1726

Turbotax ESPP sale woes - help!

I'm trying to enter an ESPP sale without being double-taxed on the compensation element. This is the portion of the gain that is taxed as ordinary income, and that's already been reported on my W2. If I enter the transaction as an ordinary stock sale and use the adjusted (higher) cost basis (helpful...
by dmcmahon
Sun Feb 08, 2015 7:25 pm
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 4494

Re: Is Risk Real?

The only risk I care about is not having enough money to sustain my retirement. All other risk measures -- for instance, standard deviation and drawdowns -- are helpful to get a good sense of how a portfolio fits together, but they aren't my direct measure of risk. I view risk with a time horizon o...
by dmcmahon
Sun Feb 08, 2015 3:51 pm
Forum: Investing - Theory, News & General
Topic: Your Future According to Yale Star Robert J. Shiller
Replies: 86
Views: 11470

Re: Your Future According to Yale Star Robert J. Shiller

I don't see how Facebook's existence detracts from GM's business, so I don't get the point of the comparison. These are new products and services. Sure, the number of people employed is small, but those folks wouldn't be building cars even if Facebook didn't exist, and of course anyone can share in ...
by dmcmahon
Tue Jan 13, 2015 4:07 pm
Forum: Investing - Theory, News & General
Topic: Asness: Why individual bonds are no safer than bond funds
Replies: 59
Views: 3362

Re: Asness: Why individual bonds are no safer than bond fund

Are they selling bonds before maturity as a matter of policy? Yes. And this is a good thing. I don't want my Intermediate Treasury fund to hold Treasuries below 3 years with yields (not coupons) below 1% when I have 1% savings accounts available. In a rising rate environment such a policy gives me ...
by dmcmahon
Mon Jan 12, 2015 8:10 pm
Forum: Investing - Theory, News & General
Topic: Asness: Why individual bonds are no safer than bond funds
Replies: 59
Views: 3362

Re: Asness: Why individual bonds are no safer than bond fund

I always wonder about the internals of funds. Are they selling bonds before maturity as a matter of policy? Am I going to get unexpected cap gains distributions that I didn't really benefit from if older shareholders sell out? Etc.
by dmcmahon
Mon Dec 01, 2014 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: "2015 Tax Brackets, Standard Deduction, and Other Updates
Replies: 13
Views: 2784

Re: "2015 Tax Brackets, Standard Deduction, and Other Update

I think even the AMT is now indexed to inflation because it began hitting the middle class, for whom it was not intended. Not quite true. The exemption is indexed, but the brackets aren't, including the phaseouts. So the AMT will also slowly get worse if you live in a state with a high income tax -...
by dmcmahon
Fri Nov 28, 2014 11:42 pm
Forum: Investing - Theory, News & General
Topic: Why do we like dividends?
Replies: 159
Views: 16040

Re: Why do we like dividends?

They provide income that seems a bit steadier than being forced to sell securities with attendant tax consequences. Dividends don't have tax consequences? Dividends are not involuntary taxable events, historically generally at higher rates than capital gains? L. I was thinking about being forced to...
by dmcmahon
Fri Nov 28, 2014 9:05 pm
Forum: Investing - Theory, News & General
Topic: Why do we like dividends?
Replies: 159
Views: 16040

Re: Why do we like dividends?

They provide income that seems a bit steadier than being forced to sell securities with attendant tax consequences. They make shares at least partially self-liquidating, making rebalancing a tad easier since on average the stock side is more likely to be the side you balance away from. They let me d...
by dmcmahon
Tue Nov 25, 2014 5:03 pm
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 79
Views: 8410

Re: How did you handle the 2008 bear market ?

Answer: Balvenie I came here for solace. I took a hard look at custodians for my assets and moved out of some of them. I sold off some individual munis where I began to doubt the credit quality. I used the crash to realize tax losses while exchanging a grab bag of ETFs for just two Vanguard funds, g...
by dmcmahon
Thu Aug 21, 2014 11:40 pm
Forum: Investing - Theory, News & General
Topic: When did you hear of Bill Miller and Legg Mason Value Trust?
Replies: 32
Views: 2778

Re: When did you hear of Bill Miller and Legg Mason Value Tr

nisiprius wrote:The poll results don't support my hypothesis, do they? I hate it when that happens.


Noting the big spike in 2008, your poll supports the Warren Buffet theory - "When the tide goes out, you see who's been swimming naked."
by dmcmahon
Tue Aug 19, 2014 10:47 pm
Forum: Investing - Theory, News & General
Topic: [live off dividends?] How the rich stay/get richer??
Replies: 62
Views: 6152

Re: How the rich stay/get richer??

Once you include the effects of inflation it might be quite difficult to grow a nest egg in real terms, unless your expenses are a smallish fraction of the yield. Throw in taxes and it gets harder still. Throw in some bonds and it's harder still.
by dmcmahon
Sun Jul 27, 2014 5:39 pm
Forum: Investing - Theory, News & General
Topic: "Why no one should use brokerage accounts" Really?
Replies: 10
Views: 1556

Re: "Why no one should use brokerage accounts" Really?

The SIPC is a private insurer. I personally do take the possibility of a brokerage failure quite seriously. After the MF Global failure, even more so. During the financial crisis I bailed out of my previous broker, a large and well known institution, in 2007' because I'd become concerned about its e...
by dmcmahon
Fri Jul 25, 2014 8:12 pm
Forum: Investing - Theory, News & General
Topic: SEC Adopts Money Market Fund Reform Rules
Replies: 52
Views: 3812

Re: SEC Adopts Money Market Fund Reform Rules

It is about time that investors who buy money market securities through mutual funds bear the risk of those securities. Ron Sure - just let individuals and companies have accounts at the Fed to hold their cash, and I'll agree. Until then, can't agree with this thinking. You might just as easily say...

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