Search found 1398 matches

by triceratop
Sun Feb 26, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: News Article Today: Index Investing Unmasked: 96% Of Stocks Are Garbage. What does this mean??
Replies: 12
Views: 417

Re: News Article Today: Index Investing Unmasked: 96% Of Stocks Are Garbage. What does this mean??

My brother sent me this article originally (note that it is from Zerohedge, which is almost always financial noise/gore). I'll paste my e-mail reply to him from a few minutes ago into this comment below, after I clean it up from some, ahem, strong language over the chicanery in the piece. Re: Intere...
by triceratop
Sun Feb 26, 2017 7:32 pm
Forum: Investing - Theory, News & General
Topic: Questions about how Bond ETFs work
Replies: 10
Views: 615

Re: Questions about how Bond ETFs work

And also if you invested in foreign bonds since residents are usually exempt from CGT for national bonds . I do not believe this to be true, if I am understanding what you are saying. If you have capital gains on a government bond and you sell it you owe capital gains tax on the profit. See the dis...
by triceratop
Sun Feb 26, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: Buffett interview Monday 2/27
Replies: 4
Views: 531

Re: Buffett interview Monday 2/27

Post your questions to Facebook or Twitter using #AskWarren I don't have Facebook or Twitter :annoyed I'm sure one of us can loan you a Twitter if you want to ask a question. :beer Or you can create a dummy Twitter account just for the purpose. They need not be personal like Facebook. I see a dummy...
by triceratop
Sun Feb 26, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: schwab lowering ER's
Replies: 13
Views: 1350

Re: schwab lowering ER's

ImmigrantSaver wrote:Are Schwab index funds as tax efficient as vanguard's though?


Their ETFs, possibly. Their index mutual funds, no. Look at SWTSX distribution history.
by triceratop
Sat Feb 25, 2017 7:37 pm
Forum: Investing - Theory, News & General
Topic: Total World expense ratio lowered
Replies: 14
Views: 1616

Re: Total World expense ratio lowered

Is it tax-efficient to use Vanguard Total World ETF (VT) in a taxable account? Total World has been as tax-efficient as any of Vanguard's total market type stock index funds. This is not true. There are real, honest to goodness differences between total world and total market, and total internation...
by triceratop
Sat Feb 25, 2017 3:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth "earned income" is 1040 Line 7 only? (salary) ; filing an amendment ? :)
Replies: 8
Views: 542

Re: Roth "earned income" is 1040 Line 7 only? (salary) ; filing an amendment ? :)

The BG wiki is out of date . The new term-of-art is "taxable compensation", and earned income means something else entirely (or ceased to exist?). See pub 590-a What is the BG wiki? Our Boglehead wiki? Would you be able to link the out-of-date part? Thanks :happy Yes the Boglehead wiki so...
by triceratop
Fri Feb 24, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 47
Views: 3966

Re: Check Your Beneficiaries!

Does anyone who uses Merrill Edge know how to set up beneficiaries on a CMA account (non-tax-advantaged)? The form on their website seems to not apply. Vanguard used to allow setting this up easily. When logged in to your account, type transfer on death agreement in the search box. It's 8 page form...
by triceratop
Fri Feb 24, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: "The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes" by Michael Kitces
Replies: 8
Views: 1629

Re: "The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes" by Michael Kitces

I assume that, like any well functioning market, the advisors get paid more for selling more expensive products. If the same fund has high cost and low cost shares, why would any advisor recommend the higher cost, unless getting paid to do so? Of course the secret is not to get rid of the multiple ...
by triceratop
Fri Feb 24, 2017 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Roth "earned income" is 1040 Line 7 only? (salary) ; filing an amendment ? :)
Replies: 8
Views: 542

Re: Roth "earned income" is 1040 Line 7 only? (salary) ; filing an amendment ? :)

ah ok, though looks to be about the same for my case. so no Roth, no TIRA, no need amendment it seems ...guess it's not turbotax job to sort out eligibility...........? Includes ... wages, salaries, etc. commissions self-employment income. alimony and separate maintenance. nontaxable combat pay. Do...
by triceratop
Fri Feb 24, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 47
Views: 3966

Re: Check Your Beneficiaries!

Does anyone who uses Merrill Edge know how to set up beneficiaries on a CMA account (non-tax-advantaged)? The form on their website seems to not apply. Vanguard used to allow setting this up easily. When logged in to your account, type transfer on death agreement in the search box. It's 8 page form...
by triceratop
Fri Feb 24, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Roth "earned income" is 1040 Line 7 only? (salary) ; filing an amendment ? :)
Replies: 8
Views: 542

Re: Roth "earned income" is 1040 Line 7 only? (salary) ; filing an amendment ? :)

The BG wiki is out of date. The new term-of-art is "taxable compensation", and earned income means something else entirely (or ceased to exist?). See pub 590-a
by triceratop
Fri Feb 24, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 47
Views: 3966

Re: Check Your Beneficiaries!

Does anyone who uses Merrill Edge know how to set up beneficiaries on a CMA account (non-tax-advantaged)? The form on their website seems to not apply. Vanguard used to allow setting this up easily.
by triceratop
Fri Feb 24, 2017 5:44 pm
Forum: Investing - Theory, News & General
Topic: new study on Investor behavior being disconnected from financial theory and reality
Replies: 79
Views: 3944

Re: new study on Investor behavior being disconnected from financial theory and reality

Also not all dividends are qualified. And executing a high dividend strategy when diversifying internationally is nuts (lower QDI; higher yield recently). :oops:
by triceratop
Fri Feb 24, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing -> Market Crash and rebalancing
Replies: 42
Views: 1952

Re: Rebalancing -> Market Crash and rebalancing

These 50% crash in one days would be spectacular buying opportunities if I was still alive to place an order and if network infrastructure was still working to place orders. I guarantee this will not happen. OP, I would answer "Yes" to both questions. My human capital at this point in my ...
by triceratop
Fri Feb 24, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Reports Third Round Of Expense Ratio Reductions Resulting In $143 Million In Cumulative Savings For Investors
Replies: 13
Views: 1818

Re: Vanguard Reports Third Round Of Expense Ratio Reductions Resulting In $143 Million In Cumulative Savings For Investo

linenfort wrote:Looks like my spreadsheet already knew. :idea:

Code: Select all

=GOOGLEFINANCE(A4,"expenseratio")

...edit: it only knows some of them.


Google finance updates the day after an expense ratio changes. Check back tomorrow and you'll see the new ERs.
by triceratop
Fri Feb 24, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 19
Views: 1411

Re: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]

Right, and I should clarify that my previous comment shouldn't be taken as undercutting the point that this is very good news for backdoor Roths. To be 100% clear the backdoor Roth is consistent with the test the court set up. It's just a gripe I had with the article.
by triceratop
Fri Feb 24, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 19
Views: 1411

Re: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]

I will add one point of subtlety where I think the WSJ writer / expert got it (slightly) wrong: “It says that if there are two ways to structure a transaction and one incurs less tax, then the IRS can’t force the taxpayer into the other one,” says Robert Willens, an independent tax expert based in N...
by triceratop
Fri Feb 24, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: More support for backdoor Roth? [Roth IRA Decision reversing Tax Court]
Replies: 19
Views: 1411

Re: WSJ news: Tax saving on $6M through Roth IRA and DISC; court rules against IRS

See previous discussion: viewtopic.php?f=2&t=211297.

Edit: this thread has been merged into a previous discussion.
by triceratop
Fri Feb 24, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

I was confused by:

Another facet that I hinted at but didn't fully explain involves rebalancing assets between multiple accounts....


My mistake.
by triceratop
Fri Feb 24, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

Obviously, the exchange will convert at NAV. Nevertheless, you will not be in balance so your "rebalance will also fail". In fact with mutual funds you are guaranteed to be out of balance for at least a day. Ouch! I concede there are some slight difficulties if you want to try to do what y...
by triceratop
Fri Feb 24, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

Same for mutual funds (see edit above)
by triceratop
Fri Feb 24, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

Why must one rebalance in the last few minutes of trading? That is certainly not how I do so.

Also, if there is a rapid crash in prices then your mutual fund rebalance will also fail as you'll be out of balance due to the crash.
by triceratop
Fri Feb 24, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

Actually my point (and livesoft's) was that ETFs are a more flexible vehicle for buy-and-hold index investing and that that flexibility can at time be useful for some people. ¯\_(ツ)_/¯

Neither of us are speculators (well, livesoft a little).
by triceratop
Fri Feb 24, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

fairly obvious inefficiencies that some here took advantage of but that really do not affect highly-liquid ETFs like VTI, except in rare cases when they do? I do feel like I need that beer now :sharebeer You're missing that this is an asymmetric inefficiency. You can protect yourself with limit ord...
by triceratop
Fri Feb 24, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 4403

Re: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]

If you are at Fidelity and want to use commission-free ETFs, yes. Note that using VWO and VEA is not precisely the same as VXUS due to differences in indices that VXUS, VEA, and VWO follow (look at VWO). I was just thinking about possible options for TIAX, or anyone else at TD Ameritrade, since the...
by triceratop
Fri Feb 24, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 103
Views: 10170

Re: The Wall Street Journal to close Google loophole entirely

misterno,
I would not be touching a registry editor with a 10-foot pole.

gkaplan wrote:I'm not interested enough to read The Wall Street Journal to jump through all the hoops to do so.


There is only one hoop and it took me 30 seconds to set up. But, to each their own.
by triceratop
Fri Feb 24, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 4403

Re: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]

My apologies, i was thinking of VEA. So would a combo of VEA and VWO be a better recommendation if trying to get close to VXUS? I see that VEA has an average market cap of 21,023 Mil, so much closer to VXUS already - just lacking the 18.9% Emerging Markets that VWO would take care of. Those two are...
by triceratop
Fri Feb 24, 2017 12:34 pm
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 103
Views: 10170

Re: The Wall Street Journal to close Google loophole entirely

There are chrome/FB extensions to block/remove CSS overlays. so what is the solution for Internet Explorer 11? Installing chrome or Firefox, followed by stopping use of Internet Explorer is an excellent solution. I do not know if one can remove Internet Explorer, but that is an even better solution.
by triceratop
Fri Feb 24, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 103
Views: 10170

Re: The Wall Street Journal to close Google loophole entirely

There are chrome/FB extensions to block/remove CSS overlays.
by triceratop
Fri Feb 24, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

As for NAV you do not -- but you will avoid selling at situations like described above. And highly-liquid ETFs like VTI trade very, very closely to NAV. Right. Except when they don't :twisted: 1) We do not know if the situation described above was a case where VTI traded away from NAV. 2) market se...
by triceratop
Fri Feb 24, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

That sounds like a good reason to set the limit ask to somewhere between the bid and ask to me! So since absolute protection is available, one should use it. As for NAV you do not -- but you will avoid selling at situations like described above. And highly-liquid ETFs like VTI trade very, very close...
by triceratop
Fri Feb 24, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

I would never have placed a market order to sell on a day like that. I would have placed a limit order to sell, probably at a price 4.5% higher than livesoft bought at. But more realistically I would never have been selling on a day like that except to tax loss harvest -- and one would want to avoid...
by triceratop
Fri Feb 24, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

The reality is that one really doesn't need to use limit orders for the top Vanguard ETFs and one doesn't have to worry about bad trades. One can even submit orders overnight and one will get a fair price without a bid/ask spread at the morning's opening cross. And just like a mutual fund, one will...
by triceratop
Fri Feb 24, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

Oh also, I didn't "pay my taxes early" -- I paid no federal taxes since I was careful to harvest up to the very top of the 15% bracket. (you could argue that I only came within ~$115 of that top -- and you'd be right -- since one cannot sell fractional ETF shares. This would be a good time...
by triceratop
Fri Feb 24, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

....but if I understood him well he ended up with both mutual fund and ETF shares as a result of paying his taxes early Nope! I ended up solely with ETF shares. I converted all Admiral shares to ETF shares prior to tax gain harvesting. Obviously, one could elect to convert only part of a holding. I...
by triceratop
Fri Feb 24, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

....but if I understood him well he ended up with both mutual fund and ETF shares as a result of paying his taxes early Nope! I ended up solely with ETF shares. I converted all Admiral shares to ETF shares prior to tax gain harvesting. Obviously, one could elect to convert only part of a holding. I...
by triceratop
Fri Feb 24, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: "Simple" question about compounding
Replies: 17
Views: 1010

Re: "Simple" question about compounding

The "math" works just the same, provided the same growth rate for both funds. That is, if you are market timing then it may not be the case. Let me explain. Example 1: August 2015: Sell VLCAX Buy VTSAX Example 2: December 2008: Sell VTSAX Buy VBTLX The ``compounding'' works the same in bot...
by triceratop
Fri Feb 24, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

1) If the ETF dips as it did on that particular day it's pretty clear who is paying the penalty. The way you avoid that situation when selling is to use limit orders which is standard advice by Bogleheads on how to invest with ETFs. That way your order will simply not execute at those bad prices. Y...
by triceratop
Fri Feb 24, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Company merger, rolling 401K to IRA
Replies: 19
Views: 429

Re: Company merger, rolling 401K to IRA

Could it be possibly related to the incomplete vesting of the existing company matching contributions? Apparently not, since management seems to indicate that vesting is immediate even in the prior 401k plan: " The Newer 401(k) plan will mirror many of the provisions of the Company A 401(k) pl...
by triceratop
Fri Feb 24, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

My point exactly! Some took advantage of others who got taken advantage of. Trading ETF is extra layer of risk, period. This post really drives the point home. https://www.bogleheads.org/forum/viewtopic.php?t=148757#p2223489 No, those who chose to sell at a time of high volatility and market unrest...
by triceratop
Fri Feb 24, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Company merger, rolling 401K to IRA
Replies: 19
Views: 429

Re: Company merger, rolling 401K to IRA

Okay but none of the actual text from management seems to support that theory. I'm asking: how do you know that the situation as described is in fact the case? Or as livesoft put it, what is in writing to the employees? At the end of the day that is what matters.
by triceratop
Fri Feb 24, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

iShares ETFs are often more tax efficient than Vanguard ETFs/mutual funds, especially for foreign funds. I have not yet determined why, but I have a post-it note to investigate more closely why that is. Vanguard's ETFs are a poor example of the tax efficiency of ETFs over mutual funds because they a...
by triceratop
Fri Feb 24, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Are there any good funds with <$1,000 minimum purchase requirement?
Replies: 6
Views: 376

Re: Are there any good funds with <$1,000 minimum purchase requirement?

fantasytensai wrote:Ok thanks guys. It will take another 2.5 months for me to reach 2500...thanks for the advice.


Recommend Schwab as mentioned before; their customer service is reliably fantastic (and that's for accounts with $0.00 in them as I found out!)

Oh, they also have commission-free ETFs (1 share minimum).
by triceratop
Fri Feb 24, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

The pluses for ETFs seem to be related to capital gains/taxes and the ability to trade intraday. The flip side of that ability to trade intraday is an inability to automate investments/withdrawals, initiate transactions outside regular business hours, or perform rebalancing without time out of the ...
by triceratop
Fri Feb 24, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Company merger, rolling 401K to IRA
Replies: 19
Views: 429

Re: Company merger, rolling 401K to IRA

This is the info that they sent out. I've changed the company names to A and B since I'm not sure if I should be mentioning them by name. she's been there about 10 years and everything is vested. It looks like they are transitioning our 401k to Vanguard… 401(k) Plan Changes and Choices If you will ...
by triceratop
Fri Feb 24, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: ETFs vs mutual funds and expense ratios
Replies: 46
Views: 1143

Re: ETFs vs mutual funds and expense ratios

The pluses for ETFs seem to be related to capital gains/taxes and the ability to trade intraday. The flip side of that ability to trade intraday is an inability to automate investments/withdrawals, initiate transactions outside regular business hours, or perform rebalancing without time out of the ...

Go to advanced search