Search found 2952 matches

by stlutz
Sat Feb 13, 2016 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Schwab again late with the 1099s
Replies: 9
Views: 700

Re: Schwab again late with the 1099s

Another current thread where the poster has noted that his early Feb. 1099 is wrong:

viewtopic.php?f=1&t=184531&newpost=2799443

In general, taxes are easier when you use one firm. There are other advantages to using multiple firms, however.
by stlutz
Sat Feb 13, 2016 12:13 am
Forum: Investing - Help with Personal Investments
Topic: ETF XLP Consumer Staples and Non-Qualified Dividends
Replies: 4
Views: 174

Re: ETF XLP Consumer Staples and Non-Qualified Dividends

State Street doesn't currently have any tax information on their spdrs.com website that I can find. When I've looked in the past it was there for 2014. Based on that, I would conclude that State Street hasn't figured it out yet. When they do, your 1099 will get amended and they should have it on the...
by stlutz
Fri Feb 12, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: The Value of Low Volatility
Replies: 17
Views: 1169

Re: The Value of Low Volatility

A few notes: --Historically, the biggest outperformance of low vol is course during down markets. It was a strategy that looked very good in the 2000s because there were two huge down markets during that time. When stocks are mostly going up, the strategy of course looks less attractive, as in 2012-...
by stlutz
Fri Feb 12, 2016 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Fired my FA. What to do with individual Munis?
Replies: 9
Views: 632

Re: Fired my FA. What to do with individual Munis?

What tax bracket will you be in once you retire?
by stlutz
Thu Feb 11, 2016 12:09 am
Forum: Investing - Theory, News & General
Topic: How long should I wait for Vanguard to respond?
Replies: 13
Views: 1447

Re: How long should I wait for Vanguard to respond?

The one time I used their secure messaging they got back to me with an acknowledgment in about a day. It took a couple of tries to get them to understand the issue I was having (related to cost-basis issues). It took several weeks for the problem to actually get resolved. So yes, you should have hea...
by stlutz
Wed Feb 10, 2016 7:56 pm
Forum: Personal Consumer Issues
Topic: 2007 Prius - To repair or NOT - $3K bill and car worth maybe $6K
Replies: 14
Views: 1111

Re: 2007 Prius - To repair or NOT - $3K bill and car worth maybe $6K

Toyota drivers crack me up. They drive a car for 150K miles with no problems and then the first time something significant happens wonder if they should sell the car. If you drove a VW you would have the experience of dealing with these types of repair bills every year or two. Fix it and enjoy drivi...
by stlutz
Wed Feb 10, 2016 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Displeased with Fidelity Cash / BNY Mellon- debit card theft
Replies: 45
Views: 4083

Re: Displeased with Fidelity Cash / BNY Mellon- debit card theft

Do most people think Schwab is better than Fido for banking? After reading this, I might switch. Big fan of Schwab. I would say the difference is that Schwab Bank is a bank, while Fidelity offers banking services. As such, Schwab controls everything; Fido doesn't. At least on the banking side, I've...
by stlutz
Tue Feb 09, 2016 12:10 am
Forum: Investing - Theory, News & General
Topic: VSS Spreads and TLH [FTSE Small Cap ex-US and Tax Loss Harvesting]
Replies: 29
Views: 1276

Re: VSS Spreads and TLH [FTSE Small Cap ex-US and Tax Loss Harvesting]

As fun as trading is this is really something that makes me happier to use mutual funds. Put in an exchange order and get NAV for NAV at the end of the day.


Which fund would you TLH into if you were moving out of the mutual fund version of VSS?
by stlutz
Mon Feb 08, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on how to get the most of my yearly performance review?
Replies: 24
Views: 2376

Re: Tips on how to get the most of my yearly performance review?

Managers don't like doing performance reviews as a general rule--they find the discussions to be somewhat uncomfortable. I would just listen and make sure you understand what they are saying in this meeting--ask questions if you don't. Use other times to talk about how to move your career forward et...
by stlutz
Mon Feb 08, 2016 10:34 pm
Forum: Investing - Theory, News & General
Topic: My TLH experience with ETFs
Replies: 3
Views: 459

My TLH experience with ETFs

For only the third time in my life today, I tax loss harvested, moving from VXUS (Vanguard Total Intl) to IEFA (iShares Developed Markets). I needed to get it done quickly since I just remembered to do it 5 minutes before I needed to be at a meeting. I logged into my account and placed the order to ...
by stlutz
Mon Feb 08, 2016 1:32 am
Forum: Personal Consumer Issues
Topic: VERY low cost/low use cell phone service/plan
Replies: 24
Views: 1254

Re: VERY low cost/low use cell phone service/plan

Just to clarify as the posts have gone in a couple of different directions. Do you need a phone/phone service or a phone number? You can get the later with voicemail etc. for no or very little cost. The former would cost more.
by stlutz
Mon Feb 08, 2016 1:28 am
Forum: Investing - Theory, News & General
Topic: Why Invest in an International Index Fund?
Replies: 12
Views: 1532

Re: Why Invest in an International Index Fund?

You're not missing anything--that's exactly the point. You own a variety of different types of assets in your portfolio so you always own something that is doing well. And that means that you always own something that's not doing so well. US stocks and bonds have done very well the past 5 years. Tha...
by stlutz
Sun Feb 07, 2016 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Enhancing Yield with adjustments to the Total Bond Index
Replies: 21
Views: 1104

Re: Enhancing Yield with adjustments to the Total Bond Index

Vanguard already enhanced the yield of total bond when they switched to the float adjusted index. BND yields 2.30% while AGG (which uses the traditional total bond index) yields 2.15%.
by stlutz
Sun Feb 07, 2016 12:47 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb
Replies: 28
Views: 2133

Re: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb

Mid-to-late Feb. is pretty typical for brokerage accounts. I think Schwab is saying 2/26. I believe Fidelity is saying 2/15.

The problem with earlier is that brokerages then end up issuing revisions because they get corrections from the dividend payers.
by stlutz
Sat Feb 06, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: VOOG + VOOV not equal to VOO [S&P 500 + Growth not equal to Value]
Replies: 6
Views: 454

Re: VOOG + VOOV not equal to VOO

It is correct that some companies are in both, but when they do that, they split up the companies' market cap. So, 50% of company X is growth and 50% is value. They split the total market cap of the 500 50/50 between the two indices. Over time, that split performs very closely in line with the S&...
by stlutz
Thu Feb 04, 2016 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Buying bond fund outside of IRA, taxes
Replies: 7
Views: 628

Re: Buying bond fund outside of IRA, taxes

What tax bracket are you in?

Muni bonds provide lower rates of interest than taxable bonds which are comparably-risky. The general guideline is that munis make sense if your tax bracket is above 28%; if you are below the 28% bracket, a taxable fund like Vanguard Total Bond makes more sense.
by stlutz
Thu Feb 04, 2016 11:53 pm
Forum: Investing - Theory, News & General
Topic: SEC proposed regulations can affect index funds
Replies: 21
Views: 1176

Re: SEC proposed regulations can affect index funds

A lot of the commentary on this rule proposal seems to come from those who haven't read the rule or read it very carefully. The 15% limit on illiquid assets refers to assets that cannot be sold in seven days, irrespective of the position size. Even if you hold 25% of the outstanding issue of a bond,...
by stlutz
Mon Feb 01, 2016 7:34 pm
Forum: Investing - Theory, News & General
Topic: Arguments against small-caps
Replies: 10
Views: 1381

Re: Arguments against small-caps

I don't see any reason not to include a market-weight holding in small caps in your portfolio, as you would get using a total market fund. I don't think that smallcaps in and of themselves are riskier than any other slice of the market. All of the stocks in the bottom 10% of the market would be the ...
by stlutz
Mon Feb 01, 2016 7:28 pm
Forum: Investing - Theory, News & General
Topic: Anyone have Fidelity? [Fund availability for trades - any restrictions?]
Replies: 8
Views: 1139

Re: Anyone have Fidelity?

When I make a purchase in my Fido account, I will: a) Do the transfer from my checking account. The amount I put the transfer in for immediately shows up in my cash available to trade. b) I make my purchase without waiting for anything to clear etc. I've done this with both ETFs and bonds without an...
by stlutz
Sun Jan 31, 2016 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Index funds: Short-term + Total vs Short-term + Intermediate-term
Replies: 4
Views: 682

Re: Bond Index funds: Short-term + Total vs Short-term + Intermediate-term

I think the problem with your IPS is that you're using vague terms that can mean a lot of different things. One "intermediate" term bond fund is not the same as another. IT bond index is somewhat risker in terms of duration than is TBM (it's also riskier from a credit-risk standpoint as we...
by stlutz
Sun Jan 31, 2016 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3137

Re: Muni bond ladder vs fund for large $$$$

With that amount of money I'd order a copy of Swedroe's book, The
Only Guide to a Winning Bond Strategy...


With that amount of money, I would just contact Larry's firm (Buckingham Asset Management). They will manage your portfolio for less that the 20bps you are talking about.
by stlutz
Sat Jan 30, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in Roth not making sense
Replies: 9
Views: 954

Re: Bonds in Roth not making sense

2) I'm concerned about tax efficient bond placement, therefore most responses will tell me to simply put 15k in mr Roth Problem Solved And most responses would be wrong. The wiki article on tax efficient asset placement indicates that "low yielding" bonds should be in taxable. Since 2008,...
by stlutz
Thu Jan 28, 2016 8:52 pm
Forum: Investing - Theory, News & General
Topic: VFIDX up .83% in one day?
Replies: 41
Views: 4055

Re: VFIDX up .83% in one day?

Looks like a transposition error: 9.67 -> 9.76.


There were multiple funds that had the pricing issue. I think the numeric transposition is coincidence.
by stlutz
Thu Jan 28, 2016 12:03 am
Forum: Investing - Help with Personal Investments
Topic: VSS and Tax Efficiency - Alternatives and/or Shifting locations?
Replies: 10
Views: 649

Re: VSS and Tax Efficiency - Alternatives and/or Shifting locations?

I've come to the conclusion that "slices" are best held in tax advantaged accounts. The "best" way of doing it changes too often given the rate at which funds/ETFs change indexes (PXSV anyone?). In the long run, holding things in taxable that you really do expect to hold forever ...
by stlutz
Wed Jan 27, 2016 10:13 pm
Forum: Personal Consumer Issues
Topic: Is my package stuck in German customs? Now what?
Replies: 14
Views: 1181

Re: Is my package stuck in German customs? Now what?

I've ordered stuff from the UK and it generally gets to me in the US faster via Royal Mail+US Mail than Fed Ex/UPS Ground is for domestic shipments.
by stlutz
Wed Jan 27, 2016 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond Fund
Replies: 11
Views: 1554

Re: Total Bond Fund

In 2013, rates went up fairly significantly and Total Bond was down 2.26%. Through yesterday, the US stock market, as measured by Vanguard Total Market, has been down 7.35% this month. Bonds will have up years and will have down years. But they will always be of less magnitude than the stock market....
by stlutz
Tue Jan 26, 2016 11:25 pm
Forum: Investing - Theory, News & General
Topic: VFIDX up .83% in one day?
Replies: 41
Views: 4055

Re: VFIDX up .83% in one day?

A few things to keep in mind here: 1) Many bonds don't trade every day, which means that their daily prices have to be estimates based on how other bonds traded that day. Valuing an S&P 500 index fund is a relatively precise endeavor; a corporate bond fund not as much. 2) They get these bond pri...
by stlutz
Tue Jan 26, 2016 8:17 pm
Forum: Investing - Theory, News & General
Topic: When will Value outpeform Growth?
Replies: 62
Views: 5090

Re: When will Value outpeform Growth?

In 2006, VG Small Value was 38% financials while the generic smallcap was 22%. That's as far back as I could find on EDGAR.

http://www.sec.gov/Archives/edgar/data/ ... exncsr.htm
by stlutz
Tue Jan 26, 2016 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-exempt - When?
Replies: 10
Views: 974

Re: Tax-exempt - When?

A muni bond fund like Vanguard's investment grade ones (leaving the "high yield" one aside for now) does have some credit risk and thus behaves more like a taxable fund with some credit risk than a pure Treasury fund. As such, I generally compare the yield on Intermediate Term Tax Exempt v...
by stlutz
Tue Jan 26, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: Foreign ETF Trading - Best Practice
Replies: 41
Views: 1761

Re: Foreign ETF Trading - Best Practice

What I don't understand is why the IV isn't perfectly flat but that may be unknowable.


ADRs trading in the US would cause the number to continue to be updated.
by stlutz
Mon Jan 25, 2016 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie question: looking to tilt small cap value
Replies: 6
Views: 532

Re: Newbie question: looking to tilt small cap value

This is always a topic worth looking at in dollars. Suppose you put $5000 in. The extra cost of investor shares comes out to $6.30 per year. If you really prefer the funds over ETFs, is it worth it to make your setup more confusing to save six bucks? And this isn't in perpetuity, it's only until the...
by stlutz
Mon Jan 25, 2016 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of puchasing TIPS ladder at auction for a retirement income floor
Replies: 32
Views: 2137

Re: Logistics of puchasing TIPS ladder at auction for a retirement income floor

OP--

In terms of the interaction between maturing TIPS and buying an SPIA later in life, this post by bobcat2 is well worth reading. The discussion that follows will hopefully make it more clear if the original post seems confusing.

viewtopic.php?t=174991
by stlutz
Mon Jan 25, 2016 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: for slice and dicers - anyone moving into Em Mkt or HY?
Replies: 31
Views: 2160

Re: for slice and dicers - anyone moving into Em Mkt or HY?

Interesting that HY ETF's are generally trading at a 10% discount


10% discount to what? HYG's close price today was 78.05. The iShares website is indicating the NAV of the fund is also 78.05. So it's not a discount to NAV.
by stlutz
Mon Jan 25, 2016 4:22 pm
Forum: Investing - Theory, News & General
Topic: Foreign ETF Trading - Best Practice
Replies: 41
Views: 1761

Re: Foreign ETF Trading - Best Practice

I started looking at it to figure out the best time to "convert" my ETFs to Admiral Shares--i.e., sell and buy near the close on a "favorable" day. I made a "profit" on all the conversions I managed to make a profit when I did exactly the opposite late last year--"...
by stlutz
Sun Jan 24, 2016 7:16 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing, another study
Replies: 129
Views: 9634

Re: Rebalancing, another study

longinvest--I also read the Sharpe paper. The big problem with it is that one of his premises is simply false. He says it is not possible for all investors to rebalance to a fixed allocation. In reality, it is. If the current market value ratio of stocks/bond is 50/50, and investors collectively dec...
by stlutz
Sun Jan 24, 2016 7:02 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing, another study
Replies: 129
Views: 9634

Re: Rebalancing, another study

Thanks for the link, livesoft. I think the three interesting takeaways for me where: a) I was surprised how closely rebalancing using only dividends kept one to their target allocations over time. Certainly those with large taxable portfolios should take note. b) I think the study is also consistent...
by stlutz
Sat Jan 23, 2016 7:33 pm
Forum: Investing - Theory, News & General
Topic: VFIDX up .83% in one day?
Replies: 41
Views: 4055

Re: VFIDX up .83% in one day?

As slutz suggested... Typo alert! :-) I'm of course treating that a deliberate slur and am never returning the forum again. :wink: On the actual question, perhaps somebody who holds this fund could send Vanguard a secure message asking about the anomaly? Would be interesting to hear their explanati...
by stlutz
Sat Jan 23, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of puchasing TIPS ladder at auction for a retirement income floor
Replies: 32
Views: 2137

Re: Logistics of puchasing TIPS ladder at auction for a retirement income floor

Vanguard is also commission free. I just checked Schwab and their fee schedule says $0 for both auction and secondary Treasuries (under Fixed Income): http://www.schwab.com/public/schwab/investing/pricing_services/fees_minimums Since #cruncher has offered the most helpful info, let me again jump in...
by stlutz
Sat Jan 23, 2016 7:21 pm
Forum: Investing - Theory, News & General
Topic: What was the 2000 crash like in real time?
Replies: 65
Views: 5397

Re: What was the 2000 crash like in real time?

Investing-wise, it was really the best time ever to be a slice-n-dicer. While the overall market was going down, smallcap value stocks were going up in 2000 & 2001. So, for me at least, it was easier because I could look at my statement and see significant parts of my portfolio going up. Overall...
by stlutz
Fri Jan 22, 2016 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Moving ROTH IRA from Fidelity to Vangaurd
Replies: 17
Views: 1482

Re: Moving ROTH IRA from Fidelity to Vangaurd

I think you're either going to have to pay some money (i.e. commissions) or be out of the market for a few days. Livesoft has probably offered up the way to minimize both. If you have a "plethora" of funds that are not on Vanguard's NTF list, I'd probably liquidate and transfer if you don'...
by stlutz
Fri Jan 22, 2016 9:53 pm
Forum: Investing - Theory, News & General
Topic: VFIDX up .83% in one day?
Replies: 41
Views: 4055

Re: VFIDX up .83% in one day?

High yield bonds had a big day today. Investment-grade bonds were flat to down. The price VG is showing for this fund suggests: a) some type of pricing error; b) that they have acquired a lot of bonds in the energy sector; c) that they have added more non-investment grade bonds. My guess is (a), unl...
by stlutz
Fri Jan 22, 2016 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of puchasing TIPS ladder at auction for a retirement income floor
Replies: 32
Views: 2137

Re: Logistics of puchasing TIPS ladder at auction for a retirement income floor

I am also interested in learning whether buying from the secondary market (with fees involved) may be a better option. I have no opinion as to whether it's a better option. It's not one to be feared, however. Spreads on TIPS are higher than with nominal treasuries, but still only amount to .01 or ....
by stlutz
Fri Jan 22, 2016 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: I hate ETFs!!! [Lessons learned from market not going as expected]
Replies: 68
Views: 6513

Re: I hate ETFs!!!

With mutual funds, you wouldn't have even been able to execute this type of trade unless you want to switch between a VG index fund and a much higher cost VG actively-managed fund. So, this type of TLH transaction (selling one emerging markets index fund and immediately buying another emerging marke...
by stlutz
Fri Jan 22, 2016 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Worth it to get advice from Fidelity?
Replies: 24
Views: 1213

Re: Worth it to get advice from Fidelity?

No. Get your advice here if you need it. It sounds like you don't
by stlutz
Thu Jan 21, 2016 9:54 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 41
Views: 4071

Re: Case study Broker trade executions

I only have today's data point that my order executed at the opening cross because I watched in real-time what was going on. 1. My trade was unambiguously large enough that it was not executed after the opening cross. 2. My trade price was the "Open" price quoted for VSS. 3. My trade time...
by stlutz
Thu Jan 21, 2016 8:45 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 41
Views: 4071

Re: Case study Broker trade executions

But this does suggest a way for ETF investors to transfer ETF shares between accounts in a frictionless transaction: Just do it at the opening cross. One is guaranteed the same sell/buy price and no bid/ask spread. How does one know for sure that their brokerage firm is actually executing a Market-...
by stlutz
Thu Jan 21, 2016 8:32 pm
Forum: Investing - Theory, News & General
Topic: Fund that excludes unprofitable stocks?
Replies: 9
Views: 865

Re: Fund that excludes unprofitable stocks?

So-called "Quality" ETFs might be worth looking into as well. QUAL is an example.
by stlutz
Thu Jan 21, 2016 8:29 pm
Forum: Investing - Theory, News & General
Topic: Example of why to favor Treasury-only bond funds
Replies: 13
Views: 2020

Example of why to favor Treasury-only bond funds

Some people here over the years have advocated using Treasury-only bond funds instead of the total bond index, corporate bonds, munis etc. Here is an example why. YTD returns of some iShares ETFs through yesterday (1/20): Aggregate Bond (AGG): +1.07% Treasury bonds (GOVT): +1.80% Investment Grade bo...
by stlutz
Thu Jan 21, 2016 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to minimize volatility costs with Tax Loss Harvesting ETFs?
Replies: 17
Views: 471

Re: How to minimize volatility costs with Tax Loss Harvesting ETFs?

I agree with FillOrKill on this one. I think I'll quote myself from a thread from yesterday about trying to squeeze a couple of cents out by being cute with limit orders: It's fun try to try and get an extra penny or even a dime out of each order. When you do, you feel pretty smart and you come on B...
by stlutz
Wed Jan 20, 2016 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Tips on Buy/Selling ETFs
Replies: 30
Views: 1770

Re: Tips on Buy/Selling ETFs

People make this out to be waaaaay to complicated. It's fun try to try and get an extra penny or even a dime out of each order. When you do, you feel pretty smart and you come on Bogleheads and wow everyone with your complex rules for buying/selling ETFs. You might do 10 trades in a row like this an...

Go to advanced search