Search found 46277 matches

by livesoft
Fri May 06, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Subscription increase thwarted; resistance is not futile
Replies: 5
Views: 233

Re: Subscription increase thwarted; resistance is not futile

Our local small city newspaper is delivered free whether you want it or not. Call back and demand free. :)
by livesoft
Fri May 06, 2016 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: What is considered Inside information?
Replies: 22
Views: 583

Re: What is considered Inside information?

livesoft, I think the bigger concern is the appearance of insider trading. I am a securities lawyer by trade and I actually know lawyers who have been taken out of my office in handcuffs by the FBI. I am overly cautious perhaps and super risk averse when it comes to things like this. Appearance alw...
by livesoft
Fri May 06, 2016 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: What is considered Inside information?
Replies: 22
Views: 583

Re: What is considered Inside information?

I'm laughing at this being considered inside trading. Employees buy company stock all the time and sell it, too. Only certain employees must report certain transactions. I think your spouse can do all the trading she wants unless your daughter gives her inside information which is basically info not...
by livesoft
Fri May 06, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should my child and us accept financial aid (loan) for college
Replies: 21
Views: 861

Re: Should my child and us accept financial aid (loan) for college

I would not bother with taking the loan(s). Your student can work part-time during the school year and full-time in the summer, too. I think your family will also qualify for $2500 of the American Opportunity Tax Credit. See IRS Publication 970. If you are going to foot some of the bill, I would sug...
by livesoft
Fri May 06, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: how much cash do you carry in your wallet?
Replies: 64
Views: 1369

Re: how much cash do you carry in your wallet?

I stopped carrying a wallet. I carry only a drivers license and a credit card around nowadays.

How long can you go without spending any cash? For me, practically indefinitely.
by livesoft
Fri May 06, 2016 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?
Replies: 20
Views: 1368

Re: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?

Personally, we moved to an "Equal Location" strategy many years ago upon the recommendation or Boglehead Rick Ferri. Rick had noted that his firm Portfolio Solutions follows this approach. In addition, I was talking with another advisor that used to post on this forum and he noted that hi...
by livesoft
Fri May 06, 2016 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?
Replies: 20
Views: 1368

Re: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?

@SuperDave, Where one puts international to be the most tax-efficient depends on one's personal circumstances and their tax brackets (marginal and effective). triceratop has some threads and spreadsheets which discuss the taxes. If you haven't read them, then I highly recommend that you do. In reali...
by livesoft
Fri May 06, 2016 8:38 am
Forum: Investing - Theory, News & General
Topic: "When the Rich Jump Ship"
Replies: 6
Views: 1656

Re: "When the Rich Jump Ship"

I only read the Atlantic link and not the underlying research. Although they authors appeared to have looked at who paid capital gains taxes, I want to say that in 2008-2009 I shedded almost all my taxable portfolio in tax-loss harvesting moves. I didn't pay any capital gains taxes though. And by TL...
by livesoft
Thu May 05, 2016 8:49 pm
Forum: Investing - Theory, News & General
Topic: The crossover point
Replies: 31
Views: 2226

Re: The crossover point

I made a similar calculation back when I was in my 20's. My crossover point was age 40. It was very motivating.
by livesoft
Thu May 05, 2016 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?
Replies: 20
Views: 1368

Re: Should I completely fill the tax deferred space with taxable bonds before buying Munis in taxable account?

I would definitely fill tax-deferred account(s) with taxable bonds before buying munis in a taxable account. An oft-linked article from WhiteCoatInvestor aka EmergDoc about tax-exempt bonds in taxable compared that to taxable bonds in Roth which is not what you are writing about. You are not writing...
by livesoft
Thu May 05, 2016 2:19 pm
Forum: Investing - Theory, News & General
Topic: Backtesting David Swensen Lazy Porfolio against Three Fund
Replies: 37
Views: 2153

Re: Backtesting David Swensen Lazy Porfolio against Three Fund

I think folks in the so-called 3-fund portfolio will make fewer behavioral miscues. How about you? In my experience, needs vary by individual investor and different people may require different portfolios to stay the course. The Three Fund portfolio is a great choice for many people for all the rea...
by livesoft
Thu May 05, 2016 12:41 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Spartan Emerging Market fund - change of benchmark?
Replies: 14
Views: 773

Re: Fidelity Spartan Emerging Market fund - change of benchmark?

It makes a difficult TLH partner because you have to move the money from one firm to the other to TLH since both funds are proprietary and not available away from their vendors. Of course, maybe you can do a double trade, so that it appears the money moved the same day.
by livesoft
Thu May 05, 2016 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: VTMSX in IRA
Replies: 6
Views: 592

Re: VTMSX in IRA

Of course it makes sense to hold this fund in IRAs or 401(k)s or a taxable account. There is nothing special about the name "tax-managed" for this particular fund. It is tax-efficent. One does not need to hold tax-efficient funds ONLY in a taxable account. For instance, the Total Stock Mar...
by livesoft
Thu May 05, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Backtesting David Swensen Lazy Porfolio against Three Fund
Replies: 37
Views: 2153

Re: Backtesting David Swensen Lazy Porfolio against Three Fund

@nisiprius, thanks for the long, thoughtful post. Folks really need to know that the better performance comes because the portfolio must be rebalanced in the darkest hour routinely. That means buying the worst performing asset classes when they are probably still going down. I see on the forum all t...
by livesoft
Thu May 05, 2016 11:37 am
Forum: Investing - Help with Personal Investments
Topic: How do ETF's Distribute Dividends and Cap Gains?
Replies: 11
Views: 406

Re: How do ETF's Distribute Dividends and Cap Gains?

How do EFT's (specifically VTI) pay dividends? How do ETF's (again VTI) distribute capital gains? Money appears in your cash sweep account. Your broker gets the money and puts it in your account. It is basically EXACTLY like your broker paying interest on your cash sweep account except the money co...
by livesoft
Thu May 05, 2016 11:30 am
Forum: Investing - Theory, News & General
Topic: [POLL] Learning to invest
Replies: 55
Views: 5204

Re: [POLL] Learning to invest

@celia, I used an out-of-state savings bank and did not have my parents' names on my account nor was it a UTMA. I can't remember, but I doubt the bank asked for my age. My boss was the owner of the place I worked for and hand-wrote the paychecks. He joked once that I was the only teenager who never ...
by livesoft
Thu May 05, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: That moment of panic...
Replies: 15
Views: 2494

Re: That moment of panic...

You don't have to be transferring money either by check or electrons. Bank of America made a mistake and "lost" a 6-figure amount of my money a few years ago from a checking account. It took them quite a few weeks to find it. In the meantime, checks bounced, bill pay bounced, and direct de...
by livesoft
Thu May 05, 2016 10:25 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets Fund retirement plan
Replies: 7
Views: 542

Re: Emerging Markets Fund retirement plan

I was a fiduciary for my employer's 401(k) plan.

I would not recommend adding a separate EM fund. I would remain more paternalistic.

I could see from changes in aggregate fund holdings that folks piled into the best performing fund of the past year. The outside plan advisor has a point.
by livesoft
Thu May 05, 2016 7:53 am
Forum: Investing - Help with Personal Investments
Topic: ICMA-RC 401a with TDameritrade option
Replies: 6
Views: 267

Re: ICMA-RC 401a with TDameritrade option

Answer 2: Use math. Your computer or phone has a calculator. a. Find dollar amount you want to buy. b. Look up recent price of ETF, say VEU is $43. c. If you want $4500 of VEU, then it is $4500 divided by $43. That's 104 shares with some money leftover. Of course, you don't have to anal about your a...
by livesoft
Thu May 05, 2016 7:48 am
Forum: Investing - Help with Personal Investments
Topic: 57, widowed, looking for best path to invest windfall
Replies: 20
Views: 2527

Re: 57, widowed, looking for best path to invest windfall

I see no reason to be in a hurry to pay off the mortgage right away. That may eventually be the plan, but maybe selling the house is a better plan. In any event, making mortgage payments for a few years while seeing how things work out would not be a bad idea. It is possible that the house needs som...
by livesoft
Thu May 05, 2016 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Newbie...request critique of early retirement thoughts...
Replies: 9
Views: 1157

Re: Newbie...request critique of early retirement thoughts...

newbogleheader1 wrote:Anyway, I enjoy my work, but just have a lot of other things I would like to spend time on and life is short...

I suggest you start NOW with spending time on a lot of other things since life is short. There is no need to wait for early retirement.
by livesoft
Wed May 04, 2016 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: New to Rebalancing - Estimating Tax Hit
Replies: 10
Views: 586

Re: New to Rebalancing - Estimating Tax Hit

You could zero out that MM fund and put the $2,000 into your international fund.

But yes, I think you need to be more relaxed about your asset allocation and rebalancing.
by livesoft
Wed May 04, 2016 10:00 pm
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 181
Views: 22206

Re: I'm Calling an Emerging Markets Bottom

I don't know why DGS had 4.5X its normal daily volume today. DGS's soulmate EWX just had a normal volume day. And EEMS had one-twelfth its normal volume. Something must be up.
by livesoft
Wed May 04, 2016 8:07 pm
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 181
Views: 22206

Re: I'm Calling an Emerging Markets Bottom

livesoft wrote:
riptide wrote:Are Emerging Markets still a good deal now, or have I missed the boat??

You can buy my shares. I am submitting limit orders to sell in a rebalancing move.

OK, now that there has been a drop of 5%, should we start buying again? :twisted:
by livesoft
Wed May 04, 2016 7:12 pm
Forum: Personal Consumer Issues
Topic: Peculiar Airline Pricing
Replies: 17
Views: 1658

Re: Peculiar Airline Pricing

I did this when I moved to Europe. I made return as far in the future as allowed, but still didn't show up.
by livesoft
Wed May 04, 2016 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Safe withdrawal rates
Replies: 28
Views: 2345

Re: Safe withdrawal rates

I suggest you use a flexible withdrawal rate that is sustainable. That is, it will change over time depending on circumstances and what your portfolio had done and how your expenses work out.

In other words, don't worry too much about it because whatever you do, it will not be optimal.
by livesoft
Wed May 04, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting too early? Firecalc comments
Replies: 21
Views: 3268

Re: Quitting too early? Firecalc comments

If you save less, then that means you spend more. If you spend more, then your expenses go up. Are you increasing your retirement expenses in the same runs that you save less?

To re-iterate: Great savers spend less, so they need less in retirement.
by livesoft
Wed May 04, 2016 4:02 pm
Forum: Investing - Theory, News & General
Topic: Longer Re-Balancing Periods?
Replies: 18
Views: 1173

Re: Longer Re-Balancing Periods?

For your consideration ... The performance difference between a 60/40 portfolio and an 80/20 portfolio might give one an idea of the possible range of letting a portfolio asset allocation drift out of balance by a substantial amount. Let's look at VSMGX (LifeStrategy Moderate Growth) and VASGX (LIfe...
by livesoft
Wed May 04, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: LifeStrategy Moderate Growth fund or its components?
Replies: 29
Views: 2248

Re: LifeStrategy Moderate Growth fund or its components?

My only complaint with the LifeStrategy funds (besides relatively high expense ratios) is the need to rebalance almost daily. I think that what we actually know about how these funds rebalance is not much. I do not think there is any need at all to rebalance almost daily. Things just don't get out ...
by livesoft
Wed May 04, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Use 529 or cash first?
Replies: 22
Views: 1186

Re: Use 529 or cash first?

Use enough cash on tuition to get the AOTC (free $2500!), then use about a quarter of the 529 plan. Then make the kid work for the rest at a job. Room & board expenses do not count towards AOTC, but tuition expenses do. Be sure to read the rules. At least that's what we do and did. I want the 52...
by livesoft
Tue May 03, 2016 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: House down payment source - 401K loan vs selling mutual funds
Replies: 20
Views: 1694

Re: House down payment source - 401K loan vs selling mutual funds

I think you should do the 401(k) just for the experience of doing a 401(k) loan. My spouse took out a 401(k) loan to invest in 529 plans. Then her company got sold and the buyer did not have 401(k) loans, so the loan came due. No problem, we just paid it off. But her colleague had a 401(k) loan for ...
by livesoft
Tue May 03, 2016 10:29 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 87
Views: 3769

Re: How many funds in your portfolio?

So you have 4 US funds, but one of those funds is made up of 3 different funds: S&P500, Total US Stock Market Index and Large-cap Index?

So going by that, I have 3 US funds:

1. VTI, VV, IVV, VFIAX, VLCAX
2. VXF, VBR
3. VNQ

and 3 Foreign funds:
1. VEU, VEA
2. VSS
3. DGS, EWX

:)
by livesoft
Tue May 03, 2016 10:20 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 87
Views: 3769

Re: How many funds in your portfolio?

Do IVV and VFIAX count as one fund or two funds? The reason I ask is because both are S&P500 index funds but in different accounts. And folks who have done tax-loss harvesting need shares in replacement funds, so maybe if one sells VFIAX, they need VLCAX. Does that mean holding VFIAX and VLCAX a...
by livesoft
Tue May 03, 2016 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Valuable Stock to Charity
Replies: 9
Views: 718

Re: Gifting Valuable Stock to Charity

One must hold it at least a year to get the deduction of the capital gains.

See Publication 526 for the answers to your questions: https://www.irs.gov/pub/irs-pdf/p526.pdf You might as well cut out the middleman since you will probably doing more of this in the future.
by livesoft
Tue May 03, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan
Replies: 39
Views: 2579

Re: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan

Herekittykitty wrote:That would be a great way for two high income earners to help their daughter go to college and to teach her about money at the same time!

Yes, on paper, but in reality it may not work. I speak from personal experience.
by livesoft
Tue May 03, 2016 6:50 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 105
Views: 7564

Re: Bought wrong car - Revision - ES350 advice

jclarke805 wrote:Any recs here for a comfortable, reliable SUV in the $30-45,000 range?

I paid less than $30K for a used CPO Lexus RX350, so I am sure you can find a more expensive one if you like. I recommend it.
by livesoft
Tue May 03, 2016 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Recruiters reaching out with larger salary, how to ask for a raise at current job
Replies: 26
Views: 2960

Re: Recruiters reaching out with larger salary, how to ask for a raise at current job

The response to couch the ask in terms of providing for family is quite interesting to me. Such begging would fall on my deaf ears. I think it is better to ask to be paid a fair wage based on skills and experience. Otherwise, folks with same skills, but no family would end up getting lower paid, wou...
by livesoft
Tue May 03, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Almost perfect credit score (FICO from Amex)
Replies: 30
Views: 2849

Re: Almost perfect credit score (FICO from Amex)

The best thing you can do to improve your credit score is borrow money and pay it back. So, yes, getting and paying off a mortgage, .... I paid off my mortgage and my credit score went down by about 20 points. Note that there is a difference between FICO 8 score and FICO bankcard 8 score and other ...
by livesoft
Tue May 03, 2016 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Transfer Fees
Replies: 13
Views: 1244

Re: Wells Fargo - Transfer Fees

I have never paid any transfer fees to WellsFargo. I have a PMA package with free everything. I have done in-kind transfers of shares to other financial institutions with no charge. I have done in-kind transfers of shares from other financial institutions with no charge. I have had financial institu...
by livesoft
Tue May 03, 2016 4:58 pm
Forum: Investing - Theory, News & General
Topic: Mutual funds vs. ETFs ?
Replies: 10
Views: 730

Re: Mutual funds vs. ETFs ?

Since you have read the link provided by ogd, you have seen they are the same except for the things you desire. So ETFs are the natural choice for you. Don't be goaded into mutual funds when they are clearly inferior for the things you want. Besides, you can always change your mind in the future. On...
by livesoft
Tue May 03, 2016 4:20 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 105
Views: 7564

Re: I bought the wrong car - know it after 15 days

The car salesman is not going to recommend seat cushions if they can sell you another car instead. :)
by livesoft
Tue May 03, 2016 4:14 pm
Forum: Investing - Theory, News & General
Topic: Numeracy and Wealth
Replies: 35
Views: 4448

Re: Numeracy and Wealth

I knew someone with a small business who used to weed out job applicants by asking one simple question: what's 80% of 100. Many would just say "oh, I'm not good at math" and withdraw. A smaller group would answer "20". I hired lab technicians. I would ask, "If I had a 5 M s...
by livesoft
Tue May 03, 2016 3:49 pm
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 135
Views: 16292

Re: Who else hates choosing a car?

I just buy used Lexuses. They are really inexpensive around where I live. Everybody else has a new one, so finding a used one is a piece of cake. I have found a Lexus very practical in terms of gas (20 mpg in city) and maintenance (don't maintain it). They just go and go. Then again, I live about 3...
by livesoft
Tue May 03, 2016 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA Account
Replies: 9
Views: 573

Re: UTMA Account

The current rules are that the child can have 2100 in investment income ( I prefer that term. Investment income isn't unearned at all.) While the above is not misinformation, I don't think it is quite correct. Kids can have thousands or even millions of dollars of investment income. :) There is a l...
by livesoft
Tue May 03, 2016 3:34 pm
Forum: Investing - Theory, News & General
Topic: Meaning of the label Market Timing?
Replies: 34
Views: 1563

Re: Meaning of the label Market Timing?

To me, the proper definition of "market timing" is "the actual practices of people who call themselves 'market timers.'" When I've looked at what these people do, this is what I think I've seen, though I could be generalizing incorrectly. I don't know how to do it objectively. 1...
by livesoft
Tue May 03, 2016 12:14 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 105
Views: 7564

Re: Bought wrong car - Revision - ES350 advice

I also think that an ES350 is too low. I had never thought about too low before, so I don't quite understand, but will accept what you wrote. Why are you not getting a higher vehicle like an RX350? I have always bargained for Lexus CPO vehicle by offering 20% off the dealer's asking price. I posted ...
by livesoft
Tue May 03, 2016 12:02 pm
Forum: Investing - Theory, News & General
Topic: Meaning of the label Market Timing?
Replies: 34
Views: 1563

Re: Meaning of the label Market Timing?

Market Timing is when you lose money. If you make more money above your benchmark doing something then it cannot be Market Timing. So what is it when your portfolio goes from 60/40 to 75/25 or to 40/60? Your benchmark should be changing along with the risk of your portfolio. So how do you know if yo...
by livesoft
Tue May 03, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Potentially invalid HSA (due to FSA) -- what to do?
Replies: 12
Views: 881

Re: Potentially invalid HSA (due to FSA) -- what to do?

If Spouse #1 had an FSA, that also means they probably were not their spouse's (Spouse #2) health insurance.

Also one can have FSA restricted to vision and dental I think and still have an HSA.

Details are needed.
by livesoft
Tue May 03, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvest or Roth conversion
Replies: 8
Views: 538

Re: Tax gain harvest or Roth conversion

I do Roth conversion because of the future. It reduces RMDs and is better for my heirs and gives me future tax-free growth.

I can always get some tax-loss harvesting going to offset capital gains in the future if I end up in a higher tax bracket than 15% with its 0% LTCG tax rate.

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