Search found 510 matches

by jdilla1107
Wed Mar 22, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying property taxes
Replies: 4
Views: 388

Re: Prepaying property taxes

avalpert wrote:Whether this is an option varies from state to state and even county to county - for you this might help: http://www.ssgltd.com/prepayment-of-real-estate-taxes


Wow, thanks!
by jdilla1107
Wed Mar 22, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaying property taxes
Replies: 4
Views: 388

Prepaying property taxes

It would save me a lot of money to prepay my 2018 property taxes this year and double up my federal deduction for 2017. Based on following this forum, I have almost assumed this was fine to do. But, I stumbled across this in a past post on bogleheads: II. Deductibility of Prepaid Taxes Section 164(a...
by jdilla1107
Sat Mar 18, 2017 8:23 am
Forum: Investing - Theory, News & General
Topic: Taxable-equivalent yield calculator (Vanguard)
Replies: 1
Views: 246

Re: Taxable-equivalent yield calculator (Vanguard)

Yes, but there are lots of other factors as well. The only right way to do this is to perform what-if scenarios with tax software. I discovered that I have nearly a 50% marginal rate by doing this.
by jdilla1107
Sun Mar 05, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Pay ibonds taxes on interest now or later?
Replies: 22
Views: 1301

Re: Pay ibonds interest now or later?

You cannot pay the taxes until you sell the bonds. This is wrong. See here: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_itaxconsider.htm You have an option to pay taxes every year if you want. The only reason to I can think of paying as you go would be if you'll be in a ...
by jdilla1107
Sat Feb 04, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: turbotax- underpayment penalty
Replies: 10
Views: 1647

Re: turbotax- underpayment penalty

As long as you paid 90% of what you owe this year or 100% (110% if high income) of what you paid last year, there is no penalty.

And turbotax tells you if there is a penalty.
by jdilla1107
Sun Jan 15, 2017 1:48 pm
Forum: Investing - Theory, News & General
Topic: institutional herding in corporate bonds and liquidity issues-beware ETFs in this space
Replies: 59
Views: 3789

Re: institutional herding in corporate bonds and liquidity issues-beware ETFs in this space

Here's where it hurts the investor. Your example is missing that in a liquidity crunch, the next option to purchase a bond literally may not exist (for a lower quality bond) or may not exist at a price you want to pay (high premium for an AAA or treasury. So you end up paying a higher price for qua...
by jdilla1107
Sat Jan 14, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: institutional herding in corporate bonds and liquidity issues-beware ETFs in this space
Replies: 59
Views: 3789

Re: institutional herding in corporate bonds and liquidity issues-beware ETFs in this space

I hear this over and over from smart people and I just don't understand it. Can anyone produce an example of how this would happen in a significant way? Say a fund has two investors who buy in on the same day. The fund buys two bonds for $100. Now we have a liquidity crisis and the bonds market val...
by jdilla1107
Sat Jan 14, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: institutional herding in corporate bonds and liquidity issues-beware ETFs in this space
Replies: 59
Views: 3789

Re: institutional herding in corporate bonds and liquidity issues-beware ETFs in this space

It seems that a spike in redemptions could cause mutual funds to sell their bonds during a liquidity squeeze, hurting all investors in the fund- even those who don't sell. I hear this over and over from smart people and I just don't understand it. Can anyone produce an example of how this would hap...
by jdilla1107
Sat Jan 07, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 6295

Re: "Yield surge: Remember the real role of bonds"

Treasury yields are almost exactly at the same place they were this time last year.

Stay the course.
by jdilla1107
Sat Dec 31, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Paying myself a salary for investment and tax management?
Replies: 71
Views: 4596

Re: Paying myself a salary for investment and tax management?

At this asset level, you should have a trust. Do you already have this? You can pay yourself as the trustee of the trust. You should talk to a CPA and a lawyer. Getting internet advice on a 8 figure portfolio is not a good idea.
by jdilla1107
Sat Dec 31, 2016 9:50 am
Forum: Investing - Theory, News & General
Topic: When to choose investing over loan repayment?
Replies: 17
Views: 1786

Re: When to choose investing over loan repayment?

I have a mortgage at an effective after-tax rate of 2.75%, which is currently above TBM yields, so I am toying with whether I should simply pay it down as much as I should in lieu of investing in bonds. From a pure cash flow perspective, having loans of a higher rate than your bonds means you are l...
by jdilla1107
Sat Dec 24, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: If day trading works, shouldn't there be successful companies with proven track record?
Replies: 20
Views: 1959

Re: If day trading works ,,shouldn't there be successful companies with proven track record?

Nowadays, successful companies exist. Once they discover the "secret sauce", they keep it to themselves. Look up Renaissance Technologies and its history. So there are people out there who knows how to beat the market consistently?! I thought Mr.Bogle said that he knows no one who can do ...
by jdilla1107
Wed Dec 14, 2016 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: pushing sale to next year for lower cap gains rate?
Replies: 2
Views: 522

Re: pushing sale to next year for lower cap gains rate?

Note that if you stay in the 15% tax bracket next year, long term gains are taxed at 0%. So, if you are married and have no other regular income you could take at least $75,000 at 0%. (I say at least, because that doesnt count any deductions) There can be a lot of variables and it's usually best to ...
by jdilla1107
Thu Dec 01, 2016 8:58 pm
Forum: Personal Consumer Issues
Topic: Credit Card bonuses
Replies: 19
Views: 2736

Re: Credit Card bonuses

I just got a $500 bonus from the chase sapphire preferred and another $500 for my wife. $1000 for doing almost nothing differently was pretty nice. I'm new to this. How many different cards per year can you do this on and not have your credit score drop significantly? I hear stories of people "...
by jdilla1107
Sun Nov 27, 2016 12:24 pm
Forum: Personal Consumer Issues
Topic: Credit Card bonuses
Replies: 19
Views: 2736

Credit Card bonuses

I just got a $500 bonus from the chase sapphire preferred and another $500 for my wife. $1000 for doing almost nothing differently was pretty nice. I'm new to this. How many different cards per year can you do this on and not have your credit score drop significantly? I hear stories of people "...
by jdilla1107
Sat Nov 12, 2016 11:06 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 132
Views: 21104

Re: USAA 2.5% Cash Back Credit Card

Hulk wrote:Do you pay taxes on cash back rewards? Just curious.


No, you do not pay taxes. It is considered a reimbursement of fees.
by jdilla1107
Wed Sep 21, 2016 9:54 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 85
Views: 12522

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

Many people are missing the fact that they are tax deferred which is as good as tax free for some people. For people able to do tax arbitrage effectively this is extremely valuable. I have a marginal tax rate now of 40%+ and will plan to pay almost nothing on the interest in 20 years when I am not w...
by jdilla1107
Sun Sep 18, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 10363

Re: Disappointing News Wells Fargo

Nothing at WF has cost me any fees (yet), but it's become obvious that they really base their core metrics on "number of accounts open". Its a trap, they get you in easy, but punish you hard if you try to leave. I actually don't mind it this way as opposed to annual fees or other hidden f...
by jdilla1107
Sun Sep 18, 2016 11:23 am
Forum: Investing - Theory, News & General
Topic: Disappointing News Wells Fargo
Replies: 111
Views: 10363

Re: Disappointing News Wells Fargo

When I was younger, I opened a simple checking account at Wells Fargo. The person who opened my account really pushed to open a savings account to get higher rates for short term savings. Then they really pushed me to open a second savings account for even higher rates for longer term money. They to...
by jdilla1107
Sat Sep 10, 2016 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo
Replies: 93
Views: 15187

Re: Wells Fargo

I have the PMA account, 100 free trades per year brokerage account deal. Currently, I have one brokerage account. Am I allowed to open an additional brokerage account and "share" the 100 free trades? Anyone know? I have 5 brokerage accounts (roth, trad for wife and I plus a taxable) with ...
by jdilla1107
Sun Apr 17, 2016 9:22 pm
Forum: Personal Consumer Issues
Topic: Better than amazon??
Replies: 86
Views: 13670

Re: Better than amazon??

So I decided to do little shopping comparison using items that I thought people might commonly shop for online. I didn't cherry pic items or discard anything that didn't fit my preconceptions. I didn't include shipping cost, as all of these vendors offer some sort of free shipping deal, although Wa...
by jdilla1107
Fri Apr 15, 2016 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for 2016
Replies: 8
Views: 1903

Re: Tax Planning for 2016

Are you an employee or own your own business? Some suggestions: - Look into donor advised funds. You can essentially prepay your charitable giving and get an immediate tax break. This is a great strategy for tax arbitrage, if you don't expect your income to remain this high for a long time. - Use mu...
by jdilla1107
Tue Apr 05, 2016 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest HSA with Wells Fargo?
Replies: 8
Views: 1021

Re: How to invest HSA with Wells Fargo?

I invest in wells fargo hsa. WFIOX (an sp500 index fund) is the only fund i invest in because all of the other options have significantly higher fees. This fund is currently .25%, which is pretty good.
by jdilla1107
Wed Mar 30, 2016 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate License for your own personal RE
Replies: 15
Views: 1634

Re: Real Estate License for your own personal RE

My opinion is that a selling agent adds real value and a buying agent adds almost none. The selling agent has a national network of potential buyers to market your house to. Doing this with a sign in your yard will be less effective than what they can do. Also, note that if you put your house in the...
by jdilla1107
Wed Mar 30, 2016 6:21 pm
Forum: Investing - Theory, News & General
Topic: What if your money in Vanguard disappeared one day??
Replies: 44
Views: 6944

Re: What if your money in Vanguard disappeared one day??

There is a similar government organization called SIPC that insures securities:

http://www.sipc.org/for-investors/what-sipc-protects
by jdilla1107
Sun Mar 20, 2016 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new car
Replies: 56
Views: 7655

Re: Buying a new car

I do everything by email. - Decide on the exact car you want. - Research the invoice price. - Email a dealer outside of your town and say that you will pay cash, have no trade-in (these are both important to their profit) and you would like to pay 100-500 over invoice. Pick one of those number depen...
by jdilla1107
Fri Mar 18, 2016 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: No idea how much to save in a 529
Replies: 37
Views: 3941

Re: No idea how much to save in a 529

At least put enough to get the state tax deduction. In NY for married, it looks like you can deduct up to $10,000 a year from state taxes. That's free money for a high income person.
by jdilla1107
Thu Feb 11, 2016 8:09 pm
Forum: Investing - Theory, News & General
Topic: Yellen: "We're taking a look at negative interest rates."
Replies: 56
Views: 8138

Re: Yellen: "We're taking a look at negative interest rates."

Let me weight in here: Despite negative interest rates in Europe and Japan, No bank has ever charged negative rates to customers holding cash deposits as of now. Most banks do not even have the ability from a technology perspective to charge negative rates. Charging someone $5 a month for a checkin...
by jdilla1107
Fri Sep 25, 2015 9:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 781
Views: 133375

Re: Vanguard sued for charging too little

Let's say that Exxon Mobil decided instead of paying a cash dividend to its shareholders, they would instead offer a "fee discount" on gasoline. Each Exxon Mobil shareholder gets a certain amount of free gasoline based on how many shares they hold. Then Exxon Mobil says that the free gaso...
by jdilla1107
Fri Sep 25, 2015 7:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 781
Views: 133375

Re: Vanguard sued for charging too little

Well, I'll leave this for the lawyers to opine on. Still makes no sense as there's no profit being hidden from taxation anywhere from a common sense perspective, only hypothetical profit. Let's say that Exxon Mobil decided instead of paying a cash dividend to its shareholders, they would instead of...
by jdilla1107
Thu Sep 17, 2015 8:56 pm
Forum: Investing - Theory, News & General
Topic: Decided to try timing the market. 100% short on 9/17/15
Replies: 353
Views: 53315

Re: Decided to try timing the market. 100% short on 9/17/15

You just "sold the dividend". Ex-div is tomorrow on SPY.
by jdilla1107
Mon Aug 24, 2015 7:20 pm
Forum: Investing - Theory, News & General
Topic: Does initial buy-in cost have significance impact on long term return?
Replies: 14
Views: 789

Re: Does initial buying cost have significance impact on long term return?

So would guys consider this initial Buy-in cost to be one of, if not, the most important factor that all new investors should be looking at before jumping in? Thanks People lose A LOT more than 15% by making behavioral and other investing mistakes. You can lose far more than this by just picking ex...
by jdilla1107
Wed Aug 19, 2015 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvest? If so, how?
Replies: 11
Views: 1663

Re: Tax loss harvest? If so, how?

I think one can have some confidence that things will be dramatic. You are consistently careful with the language of your predictions almost like a CNBC talking head. What does "some confidence" mean? What does dramatic mean? If you mean better than 50-50 odds on volatility above what the...
by jdilla1107
Mon Aug 17, 2015 8:32 pm
Forum: Investing - Theory, News & General
Topic: Theoretic borrowing and arbitrage question
Replies: 6
Views: 677

Re: Theoretic borrowing and arbitrage question

Keep in mind that the Tbill interest may be taxable (if it's in a taxable account) your loan may not be tax deductible. You need to take this into account to make sure your arb isn't actually losing money when taxes are taken into account.
by jdilla1107
Thu Aug 06, 2015 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral Shares
Replies: 13
Views: 2416

Re: Vanguard Admiral Shares

I'm under the impression that you cannot buy Admiral shares at Wells Fargo. Am I having a brain burp? He's buying admiral shares at Vanguard with money from his Wells Fargo bank account. No, this is at Wells Fargo brokerage. I hold several other vanguard admiral shares there as well. But, all are n...
by jdilla1107
Thu Aug 06, 2015 6:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral Shares
Replies: 13
Views: 2416

Vanguard Admiral Shares

I wanted to buy the Vanguard Intermediate-Term Tax-Exempt Fund. From Wells Fargo, I put in an order for $25,000 for this: Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) However, the vanguard webpage says "Minimum investment $50,000". The order went through, I got a trade...
by jdilla1107
Sat Jul 18, 2015 6:51 am
Forum: Investing - Theory, News & General
Topic: Any reason to hold short-term bonds with a long-term horizon?
Replies: 29
Views: 3134

Re: Any reason to hold short-term bonds with a long-term horizon?

When thinking about risk, some investors care about issues other than volatility. There are many investors, such as pension plans, that have fixed long-term obligations. Insurance companies are another good example of investors who have relatively well defined long-term obligations. In order to cre...
by jdilla1107
Sun Jun 21, 2015 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Would you pay an ER of 0.92% for a Life Strategy Fund in a 401k?
Replies: 13
Views: 1803

Re: Would you pay an ER of 0.92% for a Life Strategy Fund in a 401k?

If not, why not put your "401K" money into a personal tIRA after max-ing out your ROTH. You are not allowed to max out both a Roth and T-IRA. Your total contributions have to fall under the limit. ($5500) To the OP, while .92% is high, remember that the difference of .92% and .20% on a ba...
by jdilla1107
Mon May 25, 2015 6:12 pm
Forum: Investing - Theory, News & General
Topic: Are Bond ETFs a bad idea?
Replies: 43
Views: 4897

Re: Are Bond ETFs a bad idea?

They're available to me through TD Ameritrade. Aren't the expense ratios pretty much the same if you're buying Admiral shares? For example, Vanguard LT Corporate Bond are both .09%. Last I checked you couldn't get admiral shares of index funds if you didn't have your brokerage at vanguard. Do the f...
by jdilla1107
Mon May 25, 2015 11:18 am
Forum: Investing - Theory, News & General
Topic: Are Bond ETFs a bad idea?
Replies: 43
Views: 4897

Re: Are Bond ETFs a bad idea?

Hank Moody wrote:Aren't the expense ratios pretty much the same if you're buying Admiral shares? For example, Vanguard LT Corporate Bond are both .09%.


Last I checked you couldn't get admiral shares of index funds if you didn't have your brokerage at vanguard.
by jdilla1107
Mon May 25, 2015 8:25 am
Forum: Investing - Theory, News & General
Topic: Are Bond ETFs a bad idea?
Replies: 43
Views: 4897

Re: Are Bond ETFs a bad idea?

I have been following this thread with great interest. I'm curious why, with Vanguard, one would prefer the bond ETF over the equivalent MF. If the ETF investor has to deal with bid/ask spreads and MF investor doesn't, wouldn't the MF typically be the better choice? With Vanguard, doesn't the ETF i...
by jdilla1107
Sun May 24, 2015 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage - Extended Rate Lock
Replies: 19
Views: 2495

Re: Mortgage - Extended Rate Lock

Just ignore all of this and find the best rate when you are actually ready to buy. These rate locks are a racket to generate more bank fees. The mortgage interest rate market is just as hard to predict as the stock market, so don't kid yourself that you see something the banks (and rest of the world...
by jdilla1107
Sat May 09, 2015 1:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investors: be thankful for ETFs!*
Replies: 24
Views: 4382

Re: Vanguard investors: be thankful for ETFs!*

I wonder if the fact that Vanguard does this leads to the ETFs being inferior compared to other ETFs from a tax efficiency perspective because the ETF holders are forced to share tax efficiency with the mutual fund class.
by jdilla1107
Sat May 09, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: NYT: 2% rebate credit cards; will they last?
Replies: 30
Views: 4356

Re: NYT: 2% rebate credit cards; will they last?

vitaflo wrote:All people are doing is getting 2% back on products that cost 2% more.


This would only be true if everyone used 2% cash back cards. If I instead use a card that pays 0%, then I'll pay 2% more for products and get 0% back.

A lot of people don't use rewards cards.
by jdilla1107
Wed May 06, 2015 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Long term Capital Gains vs Tax loss harvesting
Replies: 13
Views: 1287

Re: Long term Capital Gains vs Tax loss harvesting

I may be missing something...*but* Why defer it? At some point you will pay, and the rate you pay is the same? 15%...whether is now or in 30 years. Matt You are forgetting inflation. Would you rather pay $5,000 in taxes now or in 30 years? In 30 years, $5,000 will be worth a lot less than it is now...
by jdilla1107
Sun Apr 26, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 6426

Re: Is the 1% Cost of Managing Money Worth It?

Some people are projecting 2-3% real returns over the next decade. That means that a small sounding number of 1% is actually 33%-50% of your investment returns.

How does it sound when you phrase it as "you 'll get half and they'll get half"?
by jdilla1107
Sat Apr 25, 2015 11:50 am
Forum: Investing - Theory, News & General
Topic: Someone please explain why ibonds are so great?
Replies: 16
Views: 4684

Re: Someone please explain why ibonds are so great?

also what about ee bonds? Other than the doubling after 20yrs what is the appeal of these right now? The current 20 yr treasury rate is 2.36%. EE bonds pay 3.53% if held for 20 years. That's a big difference. But, even better is that EE interest is tax deferred. So, if in 20 years you will be in a ...
by jdilla1107
Sat Apr 25, 2015 11:43 am
Forum: Investing - Theory, News & General
Topic: I-Bonds/TIPs:When interest rate rises, inflation is lowered?
Replies: 5
Views: 1145

Re: I-Bonds/TIPs:When interest rate rises, inflation is lowe

Predicting the bond market is just as hard as predicting the stock market. The bond market also anticipates future events, just like the stock market. Your proposed plan is like saying, "So, I'll just buy stocks when consumers spend more." Too simplistic.
by jdilla1107
Sun Apr 12, 2015 8:47 am
Forum: Investing - Help with Personal Investments
Topic: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years
Replies: 22
Views: 3534

Re: I-Bonds vs EE Bonds vs TIPS vs Treasuries - 20 years

EE bonds are the best deal if you are certain you won't sell them for 20 years. This means you need other bonds available for rebalancing and EE bonds should probably be kept at less than 1/4 of your bond portfolio. Their illiquidity is a real concern you need to be mindful of. Also, note that if yo...

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