Search found 359 matches

by johnanglemen
Wed Mar 09, 2016 7:08 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your [Vanguard] fund is declaring a quarterly dividend in March."
Replies: 21
Views: 2985

Re: "Find out if your [Vanguard] fund is declaring a quarterly dividend in March."

I have to look to see what is possible. In December 2015, VV and VTI had different enough ex-dividend dates that I made the switch and tax-loss harvested at the same time. For me, it doesn't matter if the fund I am selling has a loss or a small gain because I have enough carryover losses to offset ...
by johnanglemen
Wed Mar 09, 2016 6:50 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your [Vanguard] fund is declaring a quarterly dividend in March."
Replies: 21
Views: 2985

Re: "Find out if your [Vanguard] fund is declaring a quarterly dividend in March."

It looks like there may be some opportunities to avoid a taxable dividend for folks who invest in taxable accounts. The opportunity arises when two funds in the same asset class have different record dates for their distributions. For instance S&P500 index fund and the large-cap index fund. I w...
by johnanglemen
Mon Mar 07, 2016 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Why is investor > admiral > institutional?
Replies: 5
Views: 635

Re: Why is investor > admiral > institutional?

There are some fixed costs associated with fund management. When the amounts invested (the distinction among those three fund classes) get larger, the cost per share is lower. Vanguard chooses to pass some approximation of these cost differences along to the different classes. Then you'd expect the...
by johnanglemen
Mon Mar 07, 2016 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why is investor > admiral > institutional?
Replies: 5
Views: 635

Why is investor > admiral > institutional?

Today's Vanguard Total International deltas:

Investor (VGTSX) +.07%
Admiral (VTIAX) +.04%
Institutional (VTSNX) +.02%

I realize these are minuscule differences in an absolute sense. Still, I'm curious to understand what kinds of factors could cause a situation like this to happen.
by johnanglemen
Sun Mar 06, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Why doesn't Morningstar Growth of 10K chart line up with prices?
Replies: 4
Views: 371

Re: Why doesn't Morningstar Growth of 10K chart line up with prices?

If I do a custom "Growth of $10K" chart on Morningstar for VTIAX from 3/3/2016 to 3/4/2016 , it says that my $10K becomes $10,212.12. VTIAX closed at $23.35 on 3/3/2016, and $23.59 on 3/4/2016 -- a gain of 1.03%. So why does Morningstar suggest that my $10K would grow by 2.12%? Morningsta...
by johnanglemen
Sun Mar 06, 2016 5:21 am
Forum: Investing - Help with Personal Investments
Topic: Why doesn't Morningstar Growth of 10K chart line up with prices?
Replies: 4
Views: 371

Why doesn't Morningstar Growth of 10K chart line up with prices?

I must be misunderstanding something about how the Morningstar chart works. Take Vanguard Total International (VTIAX). If I do a custom "Growth of $10K" chart on Morningstar for VTIAX from 3/3/2016 to 3/4/2016, it says that my $10K becomes $10,212.12. VTIAX closed at $23.35 on 3/3/2016, an...
by johnanglemen
Thu Feb 18, 2016 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why did Vanguard Developed markets deviate so far from the benchmark over the last year?
Replies: 2
Views: 385

Why did Vanguard Developed markets deviate so far from the benchmark over the last year?

If you look at https://personal.vanguard.com/us/funds/snapshot?FundId=0127&FundIntExt=INT#tab=1, Vanguard Developed Markets was more than 1.2% off its benchmark over the past year. Granted, it was in a good direction. However, this is still something I'd like to understand better (since if it ca...
by johnanglemen
Thu Feb 18, 2016 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard tool for calculating personal QDI
Replies: 0
Views: 203

Vanguard tool for calculating personal QDI

Vanguard offers a tool for calculating your account's personal QDI based on your holding periods. Interesting, haven't seen it discussed here before: https://personal.vanguard.com/us/Qualif ... ntryFrom=1
by johnanglemen
Mon Feb 08, 2016 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 117
Views: 7494

Re: Vanguard Customer Service

After two attempts, I received an answer from Vanguard as to the cause of the dividend posting issue. It turns out it was human error and should not happen again. Curious to know what would have happened if I hadn't checked my expected dividends that get posted to my brokerage account. Would Vangua...
by johnanglemen
Thu Feb 04, 2016 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Possible to purchase excess SIPC coverage?
Replies: 10
Views: 657

Re: Possible to purchase excess SIPC coverage?

The fraud at firms like MFGlobal involved improper use of more than $1 billion in customer money. If you read through the detailed history, they were improperly withdrawing more in customer funds than the limit on Vanguard's entire excess policy *every day* toward the end of October 2011. I buy insu...
by johnanglemen
Thu Feb 04, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Possible to purchase excess SIPC coverage?
Replies: 10
Views: 657

Possible to purchase excess SIPC coverage?

SIPC only covers up to $500K at a brokerage, and the excess SIPC coverage purchased by brokerages is woefully inadequate (e.g. Vanguard has $250 million in coverage across all customers). Is there any way for high net worth clients to purchase their own insurance against the bankruptcy or fraud of a...
by johnanglemen
Wed Feb 03, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: Wrong cost basis method used by Vanguard
Replies: 58
Views: 6353

Re: Wrong cost basis method used by Vanguard

Folks, this problem has been happening with Vanguard for at least 3 years. It's not a January 2016 issue. It's not an upgraded account issue (my account isn't upgraded). It's a longstanding problem with their "cost basis vendor" that they are well aware of, but have not been able to fix. I...
by johnanglemen
Thu Jan 28, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard wire transfers getting lost?
Replies: 0
Views: 258

Vanguard wire transfers getting lost?

I have made multiple sales at Vanguard over the past week, with the proceeds set to wire to an Ally bank account that I have used multiple times in the past. None of these wires have actually posted to Ally, but they show as sent on Vanguard's side. Both institutions blame the other side. Is anyone ...
by johnanglemen
Fri Jan 15, 2016 4:00 am
Forum: Investing - Help with Personal Investments
Topic: Please confirm my understanding of the TLH window
Replies: 3
Views: 393

Re: Please confirm my understanding of the TLH window

I did sell all shares. So I guess that's a good-to-go, right?
by johnanglemen
Fri Jan 15, 2016 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Please confirm my understanding of the TLH window
Replies: 3
Views: 393

Please confirm my understanding of the TLH window

If I sold a security at a loss on 12/15/15, I can repurchase it on 1/15/16 without incurring a wash sale, right?
by johnanglemen
Sun Jan 10, 2016 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: True or false: Reinvested dividends aren't 100% "in the market"
Replies: 12
Views: 809

Re: True or false: Reinvested dividends aren't 100% "in the market"

Thanks livesoft. That explanation was helpful. I wonder if I actually have a deeper underlying question, then. Each equity fund holds stocks in companies. Those companies pay cash dividends to the fund quarterly. In my mind, the dividend is -- for at least some nonzero length of time -- sitting in c...
by johnanglemen
Sun Jan 10, 2016 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: True or false: Reinvested dividends aren't 100% "in the market"
Replies: 12
Views: 809

Re: True or false: Reinvested dividends aren't 100% "in the market"

Let's imagine that, like in some other countries, the dividend isn't paid out, and instead is retained as part of NAV. Other than taxation, in what way do you think the result would be different? Please be specific with numbers. PJW Consider three prices: 1) Thursday's NAV 2) Thursday's NAV minus t...
by johnanglemen
Sun Jan 10, 2016 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: True or false: Reinvested dividends aren't 100% "in the market"
Replies: 12
Views: 809

Re: True or false: Reinvested dividends aren't 100% "in the market"

False. Look up ex-dividend date (don't worry, I did it for you). Friday, in your example, is the day on which the NAV is adjusted downward to take account of the dividend. Thursday's NAV included it, and Friday's share balance accounted for it. Previous confusing thread title or not, there is no ca...
by johnanglemen
Sun Jan 10, 2016 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: True or false: Reinvested dividends aren't 100% "in the market"
Replies: 12
Views: 809

True or false: Reinvested dividends aren't 100% "in the market"

(I'm starting a new thread for this since I gave the other one a bad title and it's gotten confusing.) My basic claim is as follows: If you own shares of a fund on Thursday, and continue to hold them through Friday, you're fully invested in the market. Duh. But say that fund declares a dividend on T...
by johnanglemen
Sun Jan 10, 2016 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Do ETFs get you more time in the market than mutual funds?
Replies: 14
Views: 588

Re: Do ETFs get you more time in the market than mutual funds?

Those "other things" have no impact on the dividend amount. If the fund has received $1.00 per share in dividends, it has to pay those out. I understand that. But if I've selected dividend reinvestment, it's going to pay them out by purchasing shares on my behalf at the fund's next availa...
by johnanglemen
Sun Jan 10, 2016 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend reinvestment -- trade date
Replies: 10
Views: 345

Re: Dividend reinvestment -- trade date

If you hold mutual fund shares at a broker that is not the mutual fund company itself, it takes an extra day usually to have the mutual fund bookkeeping to be reported to your broker and your brokerage account updated. If you held the shares directly at the mutual fund company, you would see the up...
by johnanglemen
Sun Jan 10, 2016 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Do ETFs get you more time in the market than mutual funds?
Replies: 14
Views: 588

Re: Do ETFs get you more time in the market than mutual funds?

I have $10,000 in mutual fund $FOO when the market closes on Thursday. I'm its only shareholder. It declares a dividend that is worth $1000 to me. When the market opens on Friday, the value of the fund first falls $1000 because it has to "pay out" my dividend. Then the value rises $1 mill...
by johnanglemen
Sun Jan 10, 2016 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Do ETFs get you more time in the market than mutual funds?
Replies: 14
Views: 588

Re: Do ETFs get you more time in the market than mutual funds?

I have $10,000 in mutual fund $FOO when the market closes on Thursday. I'm its only shareholder. It declares a dividend that is worth $1000 to me. When the market opens on Friday, the value of the fund first falls $1000 because it has to "pay out" my dividend. Then the value rises $1 milli...
by johnanglemen
Sun Jan 10, 2016 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Do ETFs get you more time in the market than mutual funds?
Replies: 14
Views: 588

Re: Do ETFs get you more time in the market than mutual funds?

I see. But it is still correct to say that you are out of the market 4 days a year with mutual fund dividend reinvestments, even if ETF reinvestments are even worse -- isn't it? This is interesting, I had never considered it. I thought dividend reinvestment implied uninterrupted time in the market....
by johnanglemen
Sun Jan 10, 2016 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend reinvestment -- trade date
Replies: 10
Views: 345

Re: Dividend reinvestment -- trade date

Brokers may do different things, but I don't understand how a broker can give someone a dividend reinvestment price of the 12/18 NAV, but attach a trade date to it of 12/21. That seems internally inconsistent within the same broker, and possibly even illegal? If the trade substantively happened on ...
by johnanglemen
Sun Jan 10, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Do ETFs get you more time in the market than mutual funds?
Replies: 14
Views: 588

Re: Do ETFs get you more time in the market than mutual funds?

Dividend reinvestment happens immediately with mutual funds. With ETFs, the pay date is a few days after the ex-date. Your broker will reinvest then. The exact timing of reinvestment depends upon the broker. So, your dividend money is out of the market for a few days with ETFs. I see. But it is sti...
by johnanglemen
Sun Jan 10, 2016 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend reinvestment -- trade date
Replies: 10
Views: 345

Re: Dividend reinvestment -- trade date

Here are the dates Vanguard uses: https://investor.vanguard.com/mutual-funds/all-vanguard-funds#tab=overview And relevant to your other thread, here are the dates for VG ETFs: https://personal.vanguard.com/us/funds/etf/all#upperTB=distTBI&lowerTB=overTBI (for both, click on the "distributi...
by johnanglemen
Sun Jan 10, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend reinvestment -- trade date
Replies: 10
Views: 345

Re: Dividend reinvestment -- trade date

Brokers do different things. ETFs and mutual funds are very different with respect to when shares are purchased in a dividend re-investment plan. Please read this thread: https://www.bogleheads.org/forum/viewtopic.php?t=87742 and others like it. Brokers may do different things, but I don't understa...
by johnanglemen
Sun Jan 10, 2016 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Do ETFs get you more time in the market than mutual funds?
Replies: 14
Views: 588

Do ETFs get you more time in the market than mutual funds?

Is it correct to say that you're out of the market 4 days a year if you hold mutual funds that have quarterly distributions even if you use automatic dividend reinvestments (because you miss the price action on the reinvest date itself), whereas with ETFs, you could theoretically reinvest dividends ...
by johnanglemen
Sun Jan 10, 2016 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend reinvestment -- trade date
Replies: 10
Views: 345

Re: Dividend reinvestment -- trade date

By the way, they also claim that Vanguard itself does this: They said: "I have again reached out to our Corporate Actions department, and they have stated that while not 100% sure, they believe that we will use the pay date as the trade date. They believe this to be the case, as the mutual fund...
by johnanglemen
Sun Jan 10, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend reinvestment -- trade date
Replies: 10
Views: 345

Dividend reinvestment -- trade date

I hold some Vanguard mutual funds at Interactive Brokers. I noticed recently that for dividend reinvestments, IB records the trade date as the Payable Date of the distribution...even though I (properly) get the shares at the NAV they close at on the reinvest date. Their back office says that Payable...
by johnanglemen
Thu Jan 07, 2016 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 117
Views: 7494

Re: Vanguard Customer Service

missing
by johnanglemen
Thu Jan 07, 2016 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Better to hold Total Stock or Emerging Markets in tax-sheltered?
Replies: 3
Views: 453

Re: Better to hold Total Stock or Emerging Markets in tax-sheltered?

Given your assumptions, shouldn't your calculation for EM be: (3% * 65% * 39.6%) + (3% * 35% * 20%) - (3% * 6%) = 0.80 ? Yes, duh -- thanks! My takeaway is, I think the numbers might be somewhat closer than your calculations; but the key is the FTC, and either the 7% rule is wrong, the Wiki is usin...
by johnanglemen
Thu Jan 07, 2016 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Have I been messing up my estimated taxes all this time?
Replies: 6
Views: 955

Re: Have I been messing up my estimated taxes all this time?

There is no way to see the actual dividend; you would have to dig into the financial records which aren't published. The most sensible method, if you need to compute quarterly income, is to prorate the foreign tax. If you received $100, $200, $200, and $300 in paid dividends, and the reported divid...
by johnanglemen
Wed Jan 06, 2016 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Have I been messing up my estimated taxes all this time?
Replies: 6
Views: 955

Have I been messing up my estimated taxes all this time?

It occurs to me I've been making a logic error in figuring my estimated taxes that may explain past issues. When I figure my estimated taxes each quarter, I input the dividends received thus far as reported by Vanguard (e.g. in Transaction History or in the "Dividends & Capital Gains" ...
by johnanglemen
Wed Jan 06, 2016 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Better to hold Total Stock or Emerging Markets in tax-sheltered?
Replies: 3
Views: 453

Better to hold Total Stock or Emerging Markets in tax-sheltered?

I am in the top federal tax bracket and also have high state taxes. Because of those high state taxes, I am typically in AMT. I'm trying to decide whether it's better to hold Total Stock or Emerging Markets in my tax-sheltered accounts. These are two funds I hold anyway as part of my asset allocatio...
by johnanglemen
Wed Jan 06, 2016 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Proper protocol for purchasing ETFs?
Replies: 17
Views: 1218

Re: Proper protocol for purchasing ETFs?

If people just ignore the premium/discount, why is it brought up on this forum so often? Is it actionable or not?
by johnanglemen
Wed Jan 06, 2016 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Proper protocol for purchasing ETFs?
Replies: 17
Views: 1218

Re: Proper protocol for purchasing ETFs?

I want to swap into something that I would be comfortable holding forever. I would not be comfortable holding VMMSX forever given that it's actively managed (this is a taxable account) and has a 0.96% ER. What is it about the amount that changes how one would deal with the premium/discount issue? Ho...
by johnanglemen
Wed Jan 06, 2016 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Proper protocol for purchasing ETFs?
Replies: 17
Views: 1218

Proper protocol for purchasing ETFs?

I need to tax loss harvest Vanguard Emerging Markets Fund (VEMAX). I've been putting it off because as far as I know, all of the appropriate replacements for this are ETFs; but the time has come. The reason I avoid ETFs is because it seems like there's a lot of rigamarole (premium/discount, spreads....
by johnanglemen
Mon Jan 04, 2016 2:34 am
Forum: Investing - Help with Personal Investments
Topic: IRA contribution maximum
Replies: 1
Views: 215

IRA contribution maximum

You can contribute to an IRA for 2015 up until April 2016. However, is your contribution maximum the income you earned from 1/1/15 to 12/31/15? Or from 1/1/15 to 4/15/16? I assume the former but double checking. Thanks.
by johnanglemen
Sat Jan 02, 2016 12:46 am
Forum: Investing - Theory, News & General
Topic: Why is a Vanguard Developed+Emerging combo so far off from International when it comes to small caps?
Replies: 5
Views: 576

Re: Why is a Vanguard Developed+Emerging combo so far off from International when it comes to small caps?

Ahh yes, it says in the disclaimer at the bottom: "The FTSE Emerging Markets All Cap China A Transition Index is an interim index that will gradually increase exposure to small-capitalization stocks and China A-shares while proportionately reducing exposure to other stocked based on their weigh...
by johnanglemen
Sat Jan 02, 2016 12:36 am
Forum: Investing - Theory, News & General
Topic: Why is a Vanguard Developed+Emerging combo so far off from International when it comes to small caps?
Replies: 5
Views: 576

Why is a Vanguard Developed+Emerging combo so far off from International when it comes to small caps?

This page indicates that Vanguard Total International is 16.2% small, by Vanguard's definition of small: https://institutional.vanguard.com/VGApp/iip/site/institutional/investments/portfoliodetails?fundId=1870 That same page says that Total International is 17.20% emerging and 82.80% developed. Howe...
by johnanglemen
Mon Dec 28, 2015 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: More capital loss carryovers than can use in lifetime
Replies: 21
Views: 1633

Re: More capital loss carryovers than can use in lifetime

Earlier I made a point of saying you should buy a not-substantially-identical fund. This doesn't actually matter since you're realizing gains, not losses (and so wash sales aren't an issue). So as livesoft says, you could conceivably move between classes of the same fund in some cases.
by johnanglemen
Mon Dec 28, 2015 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: More capital loss carryovers than can use in lifetime
Replies: 21
Views: 1633

Re: More capital loss carryovers than can use in lifetime

Seems like the right thing to do here is to start trading around dividend dates in order to avoid receiving (and thus paying tax on) dividends. Just before a dividend is distributed, sell and purchase a similar (but not substantially identical) fund that has already distributed its dividend. By doin...
by johnanglemen
Tue Dec 15, 2015 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting Emerging Markets
Replies: 9
Views: 572

Re: Tax loss harvesting Emerging Markets

IEMG has only been around 3 years (10/22/12), so there is no 5-year-record to compare. If you look at a chart over that period, they are highly correlated, although with IEMG including small caps and South Korea (at nearly 17%), there have been differences: http://tinyurl.com/nzvyt5q They are certa...
by johnanglemen
Tue Dec 15, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting Emerging Markets
Replies: 9
Views: 572

Re: Tax loss harvesting Emerging Markets

It seems just as likely that TLH'ing could actually leave you worse off than doing nothing at all. johnanglemen: That's not correct. We should nearly always take a tax-loss benefit when it is available or we may lose it forever. I simply exchange into a money market or bond fund and exchange back a...
by johnanglemen
Tue Dec 15, 2015 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting Emerging Markets
Replies: 9
Views: 572

Tax loss harvesting Emerging Markets

I know a lot of people here use IEMG as a tax loss harvesting partner for Vanguard Emerging Markets (VEMAX). However, as far as I can tell, the two holdings do not perform similarly at all: Over three months: VEMAX (-6.78%), IEMG (-2.79%) Over six months: VEMAX (-22.12%), IEMG (-18.08%) Over one yea...
by johnanglemen
Thu Oct 01, 2015 3:15 am
Forum: Investing - Theory, News & General
Topic: Four Vanguard International Equity Index changing/broadening indexes
Replies: 80
Views: 9656

Re: Four Vanguard International Equity Index changing/broadening indexes

The foreign market is 20% emerging and 15% small (according to FTSE's definitions; the indexes are only 10% small but FTSE defines large-cap as the top 85% of the market). Thus, a market weighting is 68% developed large, 17% emerging large, 12% developed small, 3% emerging small. If you held 68% De...

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