Search found 397 matches

by johnanglemen
Fri Sep 23, 2016 8:23 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

You are confusing market efficiency with pricing. They are not the same thing. People make this mistake all the time with equity and bond markets. The Efficient Market Hypothisis is instead a simple theory. That the pricing of a security reflects all available public information. If you knew ahead ...
by johnanglemen
Fri Sep 23, 2016 7:43 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

To put it another way.... Bay Area realtors swear left and right that according to their data, homes sell for more in the springtime. If the realtors are so sure of this and their data shows it so surely, why aren't they buying in the winter and selling in the spring multitudes of houses as a side ...
by johnanglemen
Fri Sep 23, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

Do you follow the sell in May and and go away also? There's a saying about that for the stock market that some could say is rational also. I would say, stop comparing the selling of your home to the stock market for step one. I've sort of lost track of your line of reasoning in this thread, to be h...
by johnanglemen
Fri Sep 23, 2016 7:23 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

Do you follow the sell in May and and go away also? There's a saying about that for the stock market that some could say is rational also. I would say, stop comparing the selling of your home to the stock market for step one. I've sort of lost track of your line of reasoning in this thread, to be h...
by johnanglemen
Fri Sep 23, 2016 7:15 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

It just seems very fishy to me whenever anyone says "Oh, if you wait a few months, you can [statistically, historically] sell this object for more money than you could right now." Beware of the implied assumption there that the overall real estate market (unrelated to time of the year) wo...
by johnanglemen
Fri Sep 23, 2016 7:07 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

To put it another way.... Bay Area realtors swear left and right that according to their data, homes sell for more in the springtime. If the realtors are so sure of this and their data shows it so surely, why aren't they buying in the winter and selling in the spring multitudes of houses as a side ...
by johnanglemen
Fri Sep 23, 2016 6:59 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

Why isn't this being exploited? Transaction costs (closing, realtor fees, etc.) eat up a lot of the spread, and there's the risk that home prices fall while a prospective house-flipper is waiting for the seasons to change. Plus property taxes, though potentially offset by non-seasonal price increas...
by johnanglemen
Fri Sep 23, 2016 6:39 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

To give some more context here, I intend to sell my home soon, and realtors are all suggesting waiting until spring to sell it. But it's hard to convince myself that there's really a free lunch here.
by johnanglemen
Fri Sep 23, 2016 6:35 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

Re: How can markets be efficient if home prices are higher in the spring?

Uh, what? :happy I don't think the saying or theory applied to each and every market out there. But, if folks are willing to pay more in the spring than they are in the winter, that sounds pretty much like market efficiency to me. The homes are priced for what folks are willing to pay at the time. ...
by johnanglemen
Fri Sep 23, 2016 6:15 pm
Forum: Investing - Theory, News & General
Topic: How can markets be efficient if home prices are higher in the spring?
Replies: 50
Views: 1744

How can markets be efficient if home prices are higher in the spring?

Bay Area realtors swear left and right that according to their data, homes sell for more in the springtime. Why would the market allow this inefficiency to persist? Why don't middlemen just buy the properties in the winter and flip them in the spring?
by johnanglemen
Tue Sep 20, 2016 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contribution limit for self-employed people with multiple businesses
Replies: 7
Views: 399

Re: IRA contribution limit for self-employed people with multiple businesses

Right, I would do the backdoor. Any thoughts on the tradeoff of paying self-employment tax now (foregoing the expense deductions) in order to stuff more into a Roth for a long time horizon? Thanks for your thoughts! Do you have at least 40 quarters of credit on social security? I believe you need a...
by johnanglemen
Tue Sep 20, 2016 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contribution limit for self-employed people with multiple businesses
Replies: 7
Views: 399

Re: IRA contribution limit for self-employed people with multiple businesses

Interesting, thanks. So I have a decision to make then....should I intentionally realize a profit in order to make a Roth IRA contribution, or should I deduct the offsetting expenses and forego the Roth? From your other posts, you are very high income which means you're likely to be ineligible for ...
by johnanglemen
Tue Sep 20, 2016 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contribution limit for self-employed people with multiple businesses
Replies: 7
Views: 399

Re: IRA contribution limit for self-employed people with multiple businesses

I believe you'd need to have positive net compensation on your 1040 (W2 income on 1040 line 7, Schedule C income on 1040 line 12). According to IRS Pub 590A which covers Traditional and Roth IRA, if you have a mix of W-2 salary/wage and self employed income, you do not subtract self employed loss f...
by johnanglemen
Tue Sep 20, 2016 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: IRA contribution limit for self-employed people with multiple businesses
Replies: 7
Views: 399

IRA contribution limit for self-employed people with multiple businesses

My understanding is that I can contribute up to my *net* self-employment profits to my IRA, minus the deduction for 1/2 of my self-employment taxes. Is that net self-employment profit across all Schedule C's, or is it sufficient if one business has a net profit even if another has a net loss? If it'...
by johnanglemen
Wed Sep 14, 2016 4:30 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?
Replies: 14
Views: 1223

Re: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?

So there doesn't appear to be much in the way of further guidance, and none of the secondary authorities I reviewed had anything particularly enlightening. It's not related to the matter at hand, but there is an old IRS Notice (Notice 89-35, 1989-1 C.B. 675) that appears to still be in effect that ...
by johnanglemen
Tue Sep 13, 2016 5:35 am
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 849

Re: When calculating potential drawdown, should you adjust stock prices by inflation?

I don't really follow the logic of picking the highest price something ever had (i.e. several years ago) and basing the drop off of that point. If it were me, I'd just be using this for a very general idea of things. I'd multiply by .89 and leave it at that instead of doing anything fancy. The extr...
by johnanglemen
Tue Sep 13, 2016 4:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage cost basis problems
Replies: 14
Views: 1361

Re: Vanguard Brokerage cost basis problems

I've been fighting Vanguard Brokerage for 7 months now trying to get them to fix their cost basis and tax reporting software but to no avail and I don't know what else I can do. They admit they have a software bug but after 7 months they've been unable / unwilling to fix it (continuously lying over...
by johnanglemen
Tue Sep 13, 2016 4:04 am
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 849

Re: When calculating potential drawdown, should you adjust stock prices by inflation?

What is the purpose of this exercise? Are you just trying to determine how low your assets might fall in a worst-case scenario? You might just as well do the reverse, and look at the upside, as there's no way of predicting the likelihood of one or the other. And even if you are able to calculate th...
by johnanglemen
Tue Sep 13, 2016 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?
Replies: 14
Views: 1223

Re: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?

Yes, I only hold ETFs in my IB account because of the 100% margin requirement on mutual funds. I make bimonthly contributions of $x to that account and buy $2x worth of ETFs. I couldn't do that with mutual funds. I manually reinvest dividends by adding any dividends received to the next purchase, s...
by johnanglemen
Mon Sep 12, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?
Replies: 14
Views: 1223

Re: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?

I don't automatically reinvest dividends in my IB account. If that's how it works, then it does sound like it is going to create a string of repayments and re-borrowings. Regarding the other thread, I don't see the authority for that position. It appears to me contrary to the ordering, debt refinan...
by johnanglemen
Mon Sep 12, 2016 6:15 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?
Replies: 14
Views: 1223

Re: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?

I agree with you that the separate account approach, while cleanest from an interest tracing standpoint, certainly has those and other drawbacks. I'd love to find another way. Your suggested alternative sounds promising, but I'm struggling a bit with the debt refinancing rules. IB's financing rate ...
by johnanglemen
Sun Sep 11, 2016 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 849

Re: When calculating potential drawdown, should you adjust stock prices by inflation?

My point was that I have never seen stock prices compared shown in real terms. All comparisons that I've seen are done in current dollars. But you need to do what makes sense to you. To account for inflation, the common construct is to say " the stock was up 5% over the period and inflation wa...
by johnanglemen
Sun Sep 11, 2016 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 849

Re: When calculating potential drawdown, should you adjust stock prices by inflation?

My point was that I have never seen stock prices compared shown in real terms. All comparisons that I've seen are done in current dollars. But you need to do what makes sense to you. To account for inflation, the common construct is to say " the stock was up 5% over the period and inflation wa...
by johnanglemen
Sun Sep 11, 2016 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 849

Re: When calculating potential drawdown, should you adjust stock prices by inflation?

Sorry for being dense but I didn't totally follow. Here's perhaps a simpler way to frame my question: How would I express (in % terms) how far down the fund currently is from its peak high? Would I just compare the 2007 price to today's price, or would I first adjust the 2007 price for inflation? I...
by johnanglemen
Sun Sep 11, 2016 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 849

Re: When calculating potential drawdown, should you adjust stock prices by inflation?

Sorry for being dense but I didn't totally follow. Here's perhaps a simpler way to frame my question: How would I express (in % terms) how far down the fund currently is from its peak high? Would I just compare the 2007 price to today's price, or would I first adjust the 2007 price for inflation? I ...
by johnanglemen
Sun Sep 11, 2016 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?
Replies: 14
Views: 1223

Re: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?

Oh man, I forgot about the multiple-debt complexity. Need to think about that more. Another complexity is that even though IB automatically reinvests all dividends, it first credits the amount against your cash and then withdraws from your cash. So every dividend is a repayment of part of a prior de...
by johnanglemen
Sun Sep 11, 2016 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: When calculating potential drawdown, should you adjust stock prices by inflation?
Replies: 15
Views: 849

When calculating potential drawdown, should you adjust stock prices by inflation?

Let's say I want to apply a "Great Depression" scenario to Vanguard Total International Fund, VGTSX. That is, I want to know what the price would be today if that fund fell 89% from its peak. This is just to maintain a spreadsheet for myself of how my portfolio would look if the Great Depr...
by johnanglemen
Sun Sep 11, 2016 3:11 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?
Replies: 14
Views: 1223

Re: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?

I think you are going to lose deductibility under the interest tracing rules unless you liquidate enough investments to fully repay your margin loan and produce enough proceeds to distribute the cash you want to pull out. Seems you could then distribute the cash and afterwards lever back up, but in...
by johnanglemen
Sat Sep 10, 2016 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?
Replies: 14
Views: 1223

Is it possible to withdraw your own cash while maintaining interest deductibility at brokers that work like this?

[splitting this off from a prior thread] I have a margin loan from Interactive Brokers that I use to make investments. (It's very small relative to my portfolio.) I also hold equities there, purchased with unborrowed funds, that I need to sell from time to time in order to make personal expenditures...
by johnanglemen
Sat Sep 10, 2016 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Basic question about 'interest tracing' (to determine deductibility of interest)
Replies: 2
Views: 330

Re: Basic question about 'interest tracing' (to determine deductibility of interest)

Your conclusion is correct. The repayment provision is meant to answer a fungibility question. When a $100,000 debt is allocated across multiple expenditures, to what is a separate $50,000 payment on the debt allocated? There is no fact of the matter here and, as you say, the rules they decided upo...
by johnanglemen
Fri Sep 09, 2016 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Basic question about 'interest tracing' (to determine deductibility of interest)
Replies: 2
Views: 330

Basic question about 'interest tracing' (to determine deductibility of interest)

If you borrow money for the purpose of making an investment expenditure, the interest you pay is deductible. If you use it to make a personal expenditure, the interest is not deductible. These so-called "interest tracing" rules are set out in 1.163-8T (https://www.law.cornell.edu/cfr/text/...
by johnanglemen
Sun Aug 21, 2016 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Bank now allows you to submit wire transfers online
Replies: 8
Views: 1221

Ally Bank now allows you to submit wire transfers online

I discovered this by accident so just thought I'd spread the good news. Ally finally allows you to submit wires online rather than faxing in a form. Just go to Transfers, then click Wire Transfers on the left. (This is for the website; not sure about the app.)
by johnanglemen
Sat Jul 02, 2016 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Another year where Vanguard Total Stock dividends aren't 100% qualified?
Replies: 2
Views: 931

Another year where Vanguard Total Stock dividends aren't 100% qualified?

I notice that the 2016 year-to-date estimates list Vanguard Total Stock at 94.52% qualified: https://advisors.vanguard.com/VGApp/iip/advisor/csa/investments/taxcenter/yeartodate Of course, the page notes that the year-end figures may be different. However, it would seem that the fund can't be 100% q...
by johnanglemen
Wed Jun 29, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity funds beat Vanguard in terms of dividend timing?
Replies: 11
Views: 1371

Re: Fidelity funds beat Vanguard in terms of dividend timing?

... Hmm, why does a drop in the NAV necessarily imply that the dividends are being invested as they come in? That same drop would happen if the dividends were being held in cash, right? It is indeed a non-sequitur, and one I didn't express. PJW My bad, I misinterpreted. Do you have a source then fo...
by johnanglemen
Tue Jun 28, 2016 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity funds beat Vanguard in terms of dividend timing?
Replies: 11
Views: 1371

Re: Fidelity funds beat Vanguard in terms of dividend timing?

Many of Fidelity's index funds pay dividends annually or semi-annually rather than quarterly, as Vanguard does. Assume for this exercise that Fidelity and Vanguard funds are otherwise identical in other respects (expense ratios, etc). If you're someone who reinvests all dividends anyway and has to ...
by johnanglemen
Tue Jun 28, 2016 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity funds beat Vanguard in terms of dividend timing?
Replies: 11
Views: 1371

Re: Fidelity funds beat Vanguard in terms of dividend timing?

Typically stock funds, I can't vouch for Fidelity in particular but don't suspect it of anything untoward, invest dividends as they come in. On the funds' ex-dividend dates the Net Asset Value goes down by the amount of the payout, which can be hard to see because other daily fluctuations occur sim...
by johnanglemen
Tue Jun 28, 2016 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity funds beat Vanguard in terms of dividend timing?
Replies: 11
Views: 1371

Re: Fidelity funds beat Vanguard in terms of dividend timing?

If Fidelity is just keeping the cash from the dividends they receive until the annual distribution, it's not really invested. While if you receive quarterly dividends, OK you pay taxes on it but you can reinvest them immediately. So the question is: what do these funds do with the cash proceeds fro...
by johnanglemen
Tue Jun 28, 2016 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity funds beat Vanguard in terms of dividend timing?
Replies: 11
Views: 1371

Fidelity funds beat Vanguard in terms of dividend timing?

Many of Fidelity's index funds pay dividends annually or semi-annually rather than quarterly, as Vanguard does. Assume for this exercise that Fidelity and Vanguard funds are otherwise identical in other respects (expense ratios, etc). If you're someone who reinvests all dividends anyway and has to p...
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: 3239

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: 3239

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: 711

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: 711

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: 448

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: 448

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: 433

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: 244

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: 174
Views: 14360

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: 828

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: 828

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: 60
Views: 7683

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...

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