Search found 118 matches

by poundwise
Wed Aug 02, 2017 3:42 am
Forum: Investing - Theory, News & General
Topic: Anyone following the latest in Bitcoin and cryptocurrency news?
Replies: 25
Views: 4564

Re: Anyone following the latest in Bitcoin and cryptocurrency news?

Wow, in the three months since I started this thread, there has been a world of change in the crypto-world: * Bitcoin hitting an all time high this week of over $1600, with a market cap breaking $25B. -> A Bitcoin now sits at ~$2700, with a market cap of $44B. * Many alternative currencies surging a...
by poundwise
Sat May 06, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: Anyone following the latest in Bitcoin and cryptocurrency news?
Replies: 25
Views: 4564

Anyone following the latest in Bitcoin and cryptocurrency news?

I would love to hear the (sobering) Boglehead perspective on the latest in the fascinating world of cryptocurrency. So many developments: * Bitcoin hitting an all time high this week of over $1600, with a market cap breaking $25B. * Many alternative currencies surging as well, including one (Ethereu...
by poundwise
Sun Feb 19, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Tesla Model X Review, 2 Months In
Replies: 42
Views: 5886

Re: Tesla Model X 2 Months Review

Thank you Cannondale and others for taking the time to give this information to the community. The Model X has long been my car crush, but I haven't been in a position to buy one. These issues do sound annoying, but also sound mostly solvable with better QA. I want to thank you and other early adopt...
by poundwise
Fri Jan 06, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 13156

Re: Bogle worried Vanguard is getting too big

There's also this: m m The argument is that the concentration in the mutual fund industry can lead to anti-competitive outcomes in the underlying businesses. When I first saw this, I thought -- no way, Vanguard is a passive investor. But per the NYT article: "Vanguard states on its website, 'We...
by poundwise
Tue Dec 20, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains and Unwanted Mergers (BAXALTA / SHIRE)
Replies: 4
Views: 564

Re: Capital Gains and Unwanted Mergers (BAXALTA / SHIRE)

Same thing happened to us this year when Johnson Controls merged with Tyco. The M&A guys did some kind of back flip with a double twist deal that landed the JCI shareholders (us) with cash and something still called Johnson Controls (same ticker as before) but treated for tax purposes as a sale...
by poundwise
Mon Dec 19, 2016 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains and Unwanted Mergers (BAXALTA / SHIRE)
Replies: 4
Views: 564

Capital Gains and Unwanted Mergers (BAXALTA / SHIRE)

Hi all: I am a Boglehead, but have some residual individual stocks from before I saw the light. One of these was BAXALTA, which in 2016 merged with a company called SHIRE. I am trying to figure out the capital gain situation. In exchange for each BAXALTA share, I received some cash and a fraction of...
by poundwise
Sun Nov 06, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 512
Views: 74120

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Has anyone had success busting through the $2500 bonus cap for a *single* account? The $3250 referenced before sounds like it crossed several accounts/EINs. Would love to hear which brokerages might do this.
by poundwise
Sat Oct 22, 2016 7:05 pm
Forum: Investing - Theory, News & General
Topic: "Exchange Process Fee" at Schwab - what is this?
Replies: 5
Views: 1561

Re: "Exchange Process Fee" at Schwab - what is this?

Thank you, folks. As usual, the educated crowd has shed light. Since I rarely sell stock, that could indeed be why I never noticed this before. I'll keep an eye out to see how this works on other brokerages.
by poundwise
Sun Oct 16, 2016 11:15 pm
Forum: Investing - Theory, News & General
Topic: "Exchange Process Fee" at Schwab - what is this?
Replies: 5
Views: 1561

"Exchange Process Fee" at Schwab - what is this?

Hi all -- I recently made some trades at Schwab and saw a new "Exchange Process Fee" listed for each trade. Not the commission, that was a separate line item. The Exchange Process Fee varied in proportion to the number of shares (or dollar value) traded. It was mostly in the cents, but for...
by poundwise
Sun Oct 16, 2016 10:54 pm
Forum: Forum Issues and Administration
Topic: forumsee.com mirroring Boglehead content. Authorized?
Replies: 16
Views: 5241

Re: forumsee.com mirroring Boglehead content. Authorized?

FYI, the site listed in the title is still up as of today.
by poundwise
Mon Nov 10, 2014 9:43 pm
Forum: Forum Issues and Administration
Topic: forumsee.com mirroring Boglehead content. Authorized?
Replies: 16
Views: 5241

forumsee.com mirroring Boglehead content. Authorized?

When I performed a Google search to find an old Bogleheads post, the top search result was a page on forumsee.com. Forumsee appears to have scraped all historic Bogleheads content to then offer it back up with Google AdSense ads. Some of the content is from today, so it is very up to date. Here is a...
by poundwise
Wed Oct 29, 2014 10:23 am
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 51
Views: 10412

Re: IRS letter claiming return is late - anyone experience t

OP here. Thought I'd close the loop on this. In response to the penalty, I wrote back to write something like, "You have a postmark showing I mailed the return 4 days late. How about reducing the penalty to 4x20=$80 instead of 13x20=$260." No dice. The return letter was actually kind of a ...
by poundwise
Thu Oct 16, 2014 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another overfunded 401k question
Replies: 6
Views: 1339

Re: Yet another overfunded 401k question

Wow, Alan S, you are really cleaning up here. Thank you! Looks like I will have to amend my 2013 return. You are truly a fountain of information.
by poundwise
Wed Oct 15, 2014 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another overfunded 401k question
Replies: 6
Views: 1339

Re: Yet another overfunded 401k question

Fantastic. Thanks, folks!
by poundwise
Wed Oct 15, 2014 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another overfunded 401k question
Replies: 6
Views: 1339

Yet another overfunded 401k question

Hi folks -- after switching jobs mid 2013, I accidentally overfunded my 401k because I maxed out on deferrals from both employers. I requested from employer #1 a distribution of the excess, and they promptly mailed me a check for the overfunded amount, along with interest, April 10 of this year. Per...
by poundwise
Thu Sep 18, 2014 8:53 pm
Forum: Investing - Theory, News & General
Topic: Yen almost @ 109 to the dollar
Replies: 19
Views: 2589

Re: Yen almost @ 109 to the dollar

tigermilk wrote:Not sure if Japan is still engaging in their own form of QE.

Yes, and the policy even has its own Wikipedia page: http://en.wikipedia.org/wiki/Abenomics.
by poundwise
Mon Sep 01, 2014 12:45 pm
Forum: Personal Consumer Issues
Topic: Vanguard is finally getting Two Factor Auth (2FA)
Replies: 28
Views: 7002

Re: Vanguard is finally getting Two Factor Auth (2FA)

Thank you thank you thank you! m Incidentally, the Vanguard Twitter response to the question of whether Vanguard will be offering 2fa was "We'll be adding functionality that allows passcodes to be sent via text message by year-end." That sounds like it is likely 2fa, but is kind of a stran...
by poundwise
Sat Aug 30, 2014 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 51
Views: 10412

Re: IRS letter claiming return is late - anyone experience t

OP here. Just thought I would follow up, since the outcome surprised me. It turns out that in my frenzy, I overlooked that the penalty was regarding the return I mailed a year ago (and not the return I mailed this January 15). The IRS took the time to write a response that included a scanned copy of...
by poundwise
Wed May 14, 2014 6:53 pm
Forum: Investing - Theory, News & General
Topic: High Net Worth Investing
Replies: 84
Views: 12959

Re: High Net Worth Investing

Not a silly question at all. Many HNW individuals think about this, though of course most do not.* I wouldn't consider putting more than 5% of your portfolio out of work to hedge against black swans, provided you are still interested in wealth accumulation. But here are a few bets you could consider...
by poundwise
Wed May 14, 2014 4:44 pm
Forum: Investing - Theory, News & General
Topic: Levels of Thinking
Replies: 6
Views: 1958

Re: Levels of Thinking

Thanks for sharing - this is a very useful framework! A punchy way to help people know what they don't know. I would have phrased the fifth level: "Actually being able to generate market-beating returns. Extremely rare, and frequently confused with Third Level thinking." Note that the orig...
by poundwise
Fri May 02, 2014 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 34609

Re: What's your number?

At a social gathering recently, an acquaintance in his 30s (who works at Google) told me that he needs $20M-$25M to retire. After I was done picking up my jaw from the floor, I asked him where he got that number from (I was wondering if his number was based on a yearly expenditure multiplier or som...
by poundwise
Fri Apr 25, 2014 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: "Rollover IRA" vs "Traditional IRA"
Replies: 12
Views: 1918

Re: "Rollover IRA" vs "Traditional IRA"

A rollover IRA is protected without dollar limit in the event of bankruptcy filing in federal courts. Fascinating. I Googled this and the first result I read, from the WSJ, suggests this might not be bulletproof. From m (possible paywall): There's some controversy about the language in the law, whi...
by poundwise
Fri Apr 25, 2014 1:54 am
Forum: Investing - Help with Personal Investments
Topic: "Rollover IRA" vs "Traditional IRA"
Replies: 12
Views: 1918

Re: "Rollover IRA" vs "Traditional IRA"

A rollover IRA is protected without dollar limit in the event of bankruptcy filing in federal courts. Fascinating. I Googled this and the first result I read, from the WSJ, suggests this might not be bulletproof. From m (possible paywall): There's some controversy about the language in the law, whi...
by poundwise
Wed Apr 23, 2014 12:38 pm
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 59
Views: 9646

Re: Amazon.com prices change quickly

I think the "big data" marketers get a little too much credit sometimes. A lot of their methods don't seem sophisticated at all. For instance, I've noticed that the ads that show up in my browser are related to my web searches, but most of the time they simply show me an ad for the exact ...
by poundwise
Wed Apr 16, 2014 11:31 pm
Forum: Investing - Theory, News & General
Topic: What is your net worth
Replies: 37
Views: 6704

Re: What is your net worth

So what direction do we think the response selection bias is in a poll like this? Are lower wealth types more likely to respond because they have less to lose from revealing their net worth in a semi-secure forum, or are higher wealth types more likely to respond because they can't help showing off?
by poundwise
Tue Apr 15, 2014 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 138704

Re: The Mega Backdoor Roth IRA

Just read my guidelines for my job 401k plan. Since I am a "highly compensated employee" I can't contribute to the after tax portion of my 401k. I am going to call HR tomorrow about this, doesn't make sense. This limitation is likely due to federally imposed "non-discrimination testi...
by poundwise
Tue Apr 15, 2014 2:43 am
Forum: Personal Finance (Not Investing)
Topic: Did not have fun this year doing my taxes- TT
Replies: 42
Views: 5560

Re: Did not have fun this year doing my taxes- TT

I too had less fun this year due to a mid-year move to a new state. TT was smooth for the Fed component, but was extremely unhelpful for the split state component. I also noticed that the flow of one Wizard changed after a late March update. The original version was clumsy, but the updated version w...
by poundwise
Tue Apr 15, 2014 2:19 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 401
Views: 138704

Re: The Mega Backdoor Roth IRA

MyMegaCorp doesn't allow after-tax non Roth contributions, but apparently many MegaCorps do (see: http://www.bogleheads.org/forum/viewtopic.php?f=11&t=104829). I had previously thought that since no solo 401k provider is known to permit after-tax, non-Roth contributions (see: http://www.boglehea...
by poundwise
Thu Apr 10, 2014 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Does Your 401k Allow (Non-Roth) AFTER-TAX Contributions?
Replies: 44
Views: 10696

Re: Does Your 401k Allow (Non-Roth) AFTER-TAX Contributions?

My 15 yr old MyMegaCorp does not. Envious of those who have this option -- max out while you have the chance!
by poundwise
Wed Apr 09, 2014 11:42 pm
Forum: Investing - Theory, News & General
Topic: Google Stock Dividend
Replies: 42
Views: 3825

Re: Google Stock Dividend

Just following up, bumping the thread, and wondering if there's other GOOG stock holders in Bogleland who are seeing all their cost basis put on GOOGL, and GOOG showing a cost basis of zero. So, another alternative is to donate some GOOG shares to a DAF rather than sell them and pay tax on the full...
by poundwise
Thu Mar 27, 2014 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 51
Views: 10412

Re: IRS letter claiming return is late - anyone experience t

It has never happened to me, but one bit of advice. I don't use certified mail, but I go the the post office, buy the right postage, and get a receipt (it's automatic, you don't have to ask). The receipt shows the amount, the date, and the destination zip.[...] Great suggestion -- this is what I lo...
by poundwise
Thu Mar 27, 2014 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 51
Views: 10412

IRS letter claiming return is late - anyone experience this?

I just got a letter from the IRS stating that a return that was due Jan 15 was received Jan 28. They are requesting $20 / day as a penalty, or else proof of timely mailing. I postmarked the letter Jan 15 (which I verified via my own email records -- I mailed my partner to say "the return is in,...
by poundwise
Wed Jan 22, 2014 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Why No Tax Exempt ETFs from Vanguard?
Replies: 8
Views: 936

Re: Why No Tax Exempt ETFs from Vanguard?

terrabiped wrote:Why does one need an ETF for muni bonds?

I have long wished for a Vanguard muni ETF so I could I invest using funds from non-Vanguard accounts. I have some accounts held at non-Vanguard brokers due to institutional constraints.
by poundwise
Sun Dec 01, 2013 6:54 pm
Forum: Forum Issues and Administration
Topic: Bogleheads.org should accept Bitcoin donations
Replies: 25
Views: 2574

Re: Bogleheads.org should accept Bitcoin donations

There's also the issue that the number of Bitcoins is limited to about 21 million, although other currencies allow more. Also, currently, Bitcoins can only be divided into 64ths. Imagine the whole world economy trying to get by on that limited a currency supply; the likely effect is that Bitcoins b...
by poundwise
Thu Nov 28, 2013 6:10 pm
Forum: Forum Issues and Administration
Topic: Bogleheads.org should accept Bitcoin donations
Replies: 25
Views: 2574

Re: Bogleheads.org should accept Bitcoin donations

Phineas J. Whoopee wrote:+1 for poundwise on debating points. Your argument is irregardless.

Hard to argue with this. I had better concede.
by poundwise
Thu Nov 28, 2013 4:02 pm
Forum: Forum Issues and Administration
Topic: Bogleheads.org should accept Bitcoin donations
Replies: 25
Views: 2574

Re: Bogleheads.org should accept Bitcoin donations

[Forum managers] should and will decide on purely pragmatic grounds . For forum managers as competent as ours, this is trivial to set up, and there is already space on the site devoted to donation options. Further, this is a means for international members (or domestic members, for that matter) to ...
by poundwise
Wed Nov 27, 2013 11:03 pm
Forum: Forum Issues and Administration
Topic: Bogleheads.org should accept Bitcoin donations
Replies: 25
Views: 2574

Bogleheads.org should accept Bitcoin donations

5 reasons why Bogleheads.org should accept Bitcoin donations: 1) It would give Bogleheads members a reason to test the technology and become educated about its use 2) Admins could report on their experience so we could learn whether Bitcoin has genuine "retail" use 3) Intl users could dona...
by poundwise
Wed Nov 27, 2013 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Bitcoins as investment
Replies: 210
Views: 18585

Re: Bitcoins as investment

One thing I really wonder about. As more and more publications continue to run pictures like this [ ] how many investors understand that they are not physical coins, and how many will invest in them believing that they are? You can also get physical bitcoins: m. This is a real thing, and not just a...
by poundwise
Sun Oct 06, 2013 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Moving and state municipal bond funds
Replies: 9
Views: 864

Re: Moving and state municipal bond funds

California isn't necessarily worse than Massachusetts: MA taxes short term gains at 12%. Good point. Of course it's a lot uglier in California in the long term capital gains department -- 5.3% in MA vs 13.3% in CA for the top bracket. And it's not just for the highest earners. When income hits 49k,...
by poundwise
Sat Oct 05, 2013 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Moving and state municipal bond funds
Replies: 9
Views: 864

Re: Moving and state municipal bond funds

Thanks all. I knew this was going to be a pain, but based on these responses it sounds at least like I won't have held MA bonds during any period where I didn't realize the tax benefits. Grabiner -- that is a really insightful tip, thanks. Unfortunately the new state is California, where it looks li...
by poundwise
Sat Oct 05, 2013 12:53 am
Forum: Investing - Help with Personal Investments
Topic: Moving and state municipal bond funds
Replies: 9
Views: 864

Moving and state municipal bond funds

Hi all -- I'm moving from Massachusetts this year and hold VMATX, the Mass muni bond fund. I'm planning on selling as soon as I move, or soon after. My question is about the tax implications of the VMATX interest I've earned so far this year. Will I be able to treat it all as state-tax exempt, since...
by poundwise
Tue Jun 18, 2013 10:42 am
Forum: Investing - Theory, News & General
Topic: Blodget/Yahoo Finance Gets Animated About Indexing
Replies: 5
Views: 931

Re: Blodget/Yahoo Finance Gets Animated About Indexing

Blodget is a goofball and has a checkered past, but he is an extremely intelligent and articulate guy. He is still in the slick-talking business via Business Insider, the business gossip site he edits. But his short Daily Ticker videos with Aaron Task are straightforward and extremely insightful. Th...
by poundwise
Sat May 11, 2013 2:00 pm
Forum: Personal Consumer Issues
Topic: Pay Digital Subscription Newspapers
Replies: 38
Views: 2563

Re: Pay Digital Subscription Newspapers

Over half the nations top 20 newspapers have paywalls, and many community newspapers are following suit too: m Since an ad-based model has not kept newspapers in the black, this is perhaps the only model that will allow them to survive in the future. My personal choice is to happily pay for a NYT di...
by poundwise
Sun Mar 31, 2013 3:05 pm
Forum: Investing - Theory, News & General
Topic: Mom and Pop Trampled by the Bulls
Replies: 76
Views: 8822

Re: Mom and Pop Trampled by the Bulls

This thread epitomizes the cognitive dissonance this board feels about market timing. Mom and pop are roundly chastised for selling in 2008 and buying now, and most of the criticisms suggest they sold at exactly the wrong time, are buying at the wrong time now, and somehow should sense this. For exa...
by poundwise
Thu Mar 28, 2013 2:09 am
Forum: Investing - Theory, News & General
Topic: Where are the really bad days?
Replies: 17
Views: 2358

Re: Where are the really bad days?

Even though the title suggests I was wondering where the RBDs are, the real question is whether the theory behind them has held up, after nearly two more years of data from this slow march upward. Turning again to my hopelessly poor intuition, at these market highs I now I really can't resist waitin...
by poundwise
Thu Mar 28, 2013 1:59 am
Forum: Investing - Theory, News & General
Topic: Bitcoins Purpose in a Portfolio
Replies: 103
Views: 12139

Re: Bitcoins Purpose in a Portfolio

Don't look now, but the total money supply of bitcoins just exceeded 1 billion dollars.
by poundwise
Wed Mar 27, 2013 11:14 am
Forum: Investing - Theory, News & General
Topic: Where are the really bad days?
Replies: 17
Views: 2358

Where are the really bad days?

I have been a proponent of Livesoft's really bad day approach, and loosely followed this approach long before I joined Bogleheads. But this nearly two year steady upward march is perplexing. When is the last time we had a really bad day? Thank god my 401k was on auto-pilot to invest, otherwise I wou...
by poundwise
Sun Mar 17, 2013 1:43 am
Forum: Investing - Theory, News & General
Topic: [POLL] What would you like Vanguard to change or improve?
Replies: 92
Views: 8416

Re: [POLL] What would you like Vanguard to change or improve

Is there any way to randomize the order of the choices in this poll for future respondents? The first several choices are getting most of the votes, but we don't know for sure if this is because many people prefer these options, or because people tend not to read to the bottom of polls with 20+ choi...
by poundwise
Sat Mar 16, 2013 10:34 pm
Forum: Investing - Theory, News & General
Topic: Doomsday:Cyprus confiscate 10% of all bank accounts balances
Replies: 36
Views: 5019

Re: Doomsday:Cyprus confiscate 10% of all bank accounts bala

Really hope this thread doesn't get locked. The implied investment question is clearly actionable:

Do Bogleheads need to hedge against wealth confiscation, and if so, how?
by poundwise
Tue Mar 12, 2013 6:03 pm
Forum: Forum Issues and Administration
Topic: What the forum is missing... [ability to upvote posts]
Replies: 60
Views: 8399

Re: What the forum is missing...

This subject has indeed come up before, but I think there have been some unverified assumptions about the relationship between upvotes and forum civility. We have all seen uncivilized forums like fatwallet, slickdeals and others, which make use of rating mechanisms. But I can't imagine that it is th...