Search found 23 matches

by spacecadet610
Tue Jan 16, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

Re: 529 AND UTMA

Ok i just did a test run of $3000 VMMSX from my Vanguard account to the UTMA account. I have 40% LT gains on this fund and have been wanted to sell it because of the high expense ratio. Putting it into the UTMA would be perfect to use for my son. I just hope the cost basis gets preserved. For those...
by spacecadet610
Tue Jan 16, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

Re: 529 AND UTMA

Ok i just did a test run of $3000 VMMSX from my Vanguard account to the UTMA account. I have 40% LT gains on this fund and have been wanted to sell it because of the high expense ratio. Putting it into the UTMA would be perfect to use for my son. I just hope the cost basis gets preserved. For those ...
by spacecadet610
Tue Jan 16, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

Re: 529 AND UTMA

On a separete note, I just opened up a Vanguard UTMA account online. I would like to gift shifts preserving cost basis to the UTMA account but not quite sure. I called Vanguard and the rep told me to do the "Exchange (sell to buy) Vanguard Funds" option to move the shares from my vanguard brokerage...
by spacecadet610
Tue Jan 16, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

Re: 529 AND UTMA

From my reading this non parental support definition defined by the IRS is quite vague and the wording of it leaves it quite open to interpretation. I think as long as there is some rational thoughts in your head for the expense that would match up with the IRS wording, it can be justified in case o...
by spacecadet610
Tue Jan 16, 2018 3:31 am
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

Re: 529 AND UTMA

This way every year I can harvest the UTMA tax free up to the limit to use for his non-essential expenses. I plan to deplete this ideally when he turns 18 or whatever the age is. I won't have to worry about him having control of this money. What do people estimate an amount for non-essential expens...
by spacecadet610
Tue Jan 16, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

Re: 529 AND UTMA

Yes this is my first child. I may or may not have another. From all this discussion, it seems i can capture all the positives but none of the negatives by contributing low cost basis stocks (maybe $10-20k worth?) first couple years of his life to UTMA then rest of time will contribute to a 529. This...
by spacecadet610
Mon Jan 15, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

Re: 529 AND UTMA

thanks for the replies everyome. My child is 6 months old. I maxed out the 529 for 2017 but from what people are saying it makes sense for me to do the UTMA accounts going forward. I can gift low cost basis shares to the UTMA then harvest yearly for tax free gains to pay for non-essential child expe...
by spacecadet610
Mon Jan 15, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: 529 AND UTMA
Replies: 29
Views: 1320

529 AND UTMA

I had planned on maxing out the 529 account every year for my kid until i started reading about UTMA accounts. For UTMA, the first $2100 in income for 2018 is tax free. Maybe I can gift stock to the UTMA account and harvest gains to pay for non-essential child expenses. Seems more flexible than a 52...
by spacecadet610
Tue Jan 02, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 771
Views: 129896

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I already have a taxable etrade account. anyone open up a second etrade account to take advantage of the free trades and opening bonus? i have vanguard funds i could move in. Perhaps you can call them and ask whether they will give you the bonus if you transfer money to your existing account. It wi...
by spacecadet610
Tue Jan 02, 2018 10:42 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 771
Views: 129896

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I already have a taxable etrade account.

anyone open up a second etrade account to take advantage of the free trades and opening bonus? i have vanguard funds i could move in.
by spacecadet610
Tue Jan 02, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Please explain EE bond compounding
Replies: 11
Views: 811

Re: Please explain EE bond compounding

There is miniscule interest earning on EE bonds until 20 years is hit at which point it doubles in value.
by spacecadet610
Mon Nov 13, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Borrowing against portfolio for home down payment
Replies: 11
Views: 1337

Re: Borrowing against portfolio for home down payment

Check out Interactive Brokers, you can transfer your Vanguard ETFs over and borrow on margin at less than 2.5% interest.

It's what I plan on doing for home down payment. I have the assets for the downpayment but why pay more than 20% long term gain taxes when I can get a 2.5 loan.
by spacecadet610
Thu Nov 09, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Equity Line Of Credit ??.......
Replies: 16
Views: 1501

Re: Equity Line Of Credit ??.......

why not just put all your Vanguard ETFs into Interactive Brokers and borrow cash on margin if you need it?

No fees to set up. interest rate on the loan likely lower than any you'll get from any bank.
by spacecadet610
Mon Oct 30, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Basis -- Converting Vanguard funds to ETFs
Replies: 11
Views: 1052

Re: Tax Basis -- Converting Vanguard funds to ETFs

I actually just converted from admiral funds to ETF: both VBR and VXUS. I called to do the conversion on 10/23 and the ETF showed up on 10/24. However, my new tax basis has not showed up yet. When i go to the tax basis screen, the new shares don't show up. I am worried the tax basis won't show up. H...
by spacecadet610
Fri Oct 20, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Possible to move self directed brokerage account to another brokerage?
Replies: 3
Views: 301

Possible to move self directed brokerage account to another brokerage?

I have self directed 401k through work at TDAmeritrade. Not happy about TDA's decision to remove commission free Vanguard funds and would like to transfer my assets to Merrill Edge to take advantage of the free trading commissions. Is it possible to change brokerage's for one's self directed 401k? I...
by spacecadet610
Fri Sep 22, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2513

Re: Large Mortgage

How are you getting such a good 30 yr fixed rate? which company?

i may be looking for a similarly priced mortgage.
by spacecadet610
Mon Jun 19, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: Do Bonds have a place if basic expenses are covered by income streams?
Replies: 69
Views: 5053

Re: Do Bonds have a place if basic expenses are covered by income streams?

I have reached a similar conclusion that once your annual expenses are met by income streams, there is less of a role of fixed income. Recently found an article I like that relates to this sentiment: https://blog.alphaarchitect.com/2016/06/30/questioning-everything-you-knew-about-asset-allocation/#g...
by spacecadet610
Mon Oct 31, 2016 9:23 pm
Forum: Personal Consumer Issues
Topic: Replacing run-flat tires on BMW
Replies: 34
Views: 8555

Re: Replacing run-flat tires on BMW

Just couple days ago I replaced my original runflats for my 2008 BMW 335xi with Bridgestone Driveguard runflats.

No complaints.
by spacecadet610
Sat Sep 03, 2016 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Is there an investment with a FIXED rate of 3.5% or higher?
Replies: 32
Views: 4962

Re: Is there an investment with a FIXED rate of 3.5% or higher?

EE bonds have an implied interest rate of 3.5% if held to maturity to 20 years.

But you're limited to $10k per year.
by spacecadet610
Sun Aug 28, 2016 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 27232

Re: $50M+ - Need a sounding board/advice

With that amount of money, makes no sense to pay a percentage. Use a fee-only advisor. Cardiff Park or Evanson have good reputations. That's what I would do if I were in your shoes. Sure you can do it yourself the boglehead way, it's not easy. But you can pay a small fee each year to have an expert ...
by spacecadet610
Thu Jan 28, 2016 2:43 pm
Forum: Investing - Theory, News & General
Topic: Damodaran on AAPL: CNBC interview (1-27-16)
Replies: 6
Views: 1268

Re: Damodaran on AAPL: CNBC interview (1-27-16)

I think AAPL will be fine. 2 issues I see with investor sentiment: 1. Comparisons of growth need to be made to previous S cycle upgrades (2 years prior), not prior fiscal year. Of course more people will not be as excited to buy an S phone rather than a new form factor. Year over year growth becomes...
by spacecadet610
Fri Jan 15, 2016 7:58 pm
Forum: Investing - Theory, News & General
Topic: Anyone shifting their AA?
Replies: 91
Views: 8866

Re: Anyone shifting their AA?

Back during the mini stock crash during Aug 2015, I went from a 70/30 allocation to 75/25.

Thought I was smart for a while, now I kind of wish I didn't make that move.
by spacecadet610
Sun Aug 26, 2012 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: "Mad Money"....do you play?
Replies: 55
Views: 6889

Re: "Mad Money"....do you play?

I suppose I've been playing with fire the last couple years. I've had about 40-70% of my net worth in the stock market last couple years, doing lots of short term investments. My strategy involves lots of covered calls and covered puts with mostly only blue chip stocks. I'm a huge Apple fan, and App...