Search found 1009 matches

by wshang
Thu Dec 08, 2016 9:16 pm
Forum: Investing - Theory, News & General
Topic: Bonds will continue to drop (Yields Rise)
Replies: 7
Views: 1686

Re: Bonds will continue to drop (Yields Rise)

Of course bonds could gradually decline, but essentially made up by dividends and stocks could get crushed. I'm sure we would see someone posting about how they were smart in being 100% in commodities. Staying the course with a balanced portfolio has served me well. No need to be constantly trying t...
by wshang
Fri Dec 02, 2016 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: "High risk colonoscopy", cost shift. Any recourse?
Replies: 19
Views: 2649

Re: "High risk colonoscopy", cost shift. Any recourse?

I am a US physician and have shopped around for healthcare as well as had work done outside of this country. While not advocating you do the same, it is entirely possible to have a vacation in Budapest, have a colonoscopy with histology for that price. Colonoscopy is not rocket science nor is histol...
by wshang
Sat Nov 19, 2016 4:16 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 75
Views: 9867

Re: Muni bonds are getting killed. Are you bailing out?

I have a muni bond portfolio, so it is an opportunity to tax loss harvest, but only on those which are long-term holdings and have losses. Why wouldn't you (and/or shouldn't you) TLH short term losses? 1) Losses usually aren't large enough to overcome the frictional transaction losses 2) There is a...
by wshang
Sat Nov 19, 2016 3:15 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 75
Views: 9867

Re: Muni bonds are getting killed. Are you bailing out?

The two muni bond funds that I have with Vanguard still have capital gains, so I couldn't tax loss harvest if I wanted to. I have a muni bond portfolio, so it is an opportunity to tax loss harvest, but only on those which are long-term holdings and have losses. I will replace them with substantiall...
by wshang
Sat Nov 19, 2016 2:26 pm
Forum: Investing - Theory, News & General
Topic: Viewing BRK.B as a Means to Hold "Tax-Deferred" Equity in Taxable Account
Replies: 23
Views: 2069

Re: Viewing BRK.B as a Means to Hold "Tax-Deferred" Equity in Taxable Account

BH investing is a religion on these boards but I have nil regrets I own BRK.B for exactly the reasons stated by the OP. Look at the 2008 crisis and you will see it rode the storm quite well. Add to that Buffett's promise to purchase BRK.A when the market drops to 1.1(?) book value and you have a fl...
by wshang
Fri Nov 18, 2016 2:08 pm
Forum: Investing - Theory, News & General
Topic: Planting junk muni zero's for harvesting future losses
Replies: 1
Views: 384

Planting junk muni zero's for harvesting future losses

Please don't reject this out of hand as crazy talk. I've been studying and investing in zero coupon muni bonds for quite a while. They have some unusual tax qualities when it comes to calculating gains. Their basis is not determined the price when you bought them, but the stepped up theoretical valu...
by wshang
Mon Nov 14, 2016 11:35 pm
Forum: Personal Consumer Issues
Topic: Looking for recommendations on aerobic exercise equip.
Replies: 55
Views: 2340

Re: Looking for recommendations on aerobic exercise equip.

If the OP is experiencing knee pain at the age of 64, I would think it is time to examine the other half of AHA's exercise recommendation - resistance exercise. Oftentimes, resistance exercises with quads and hamstrings can greatly improve symptoms of knee pain. I personally don't think it is wise t...
by wshang
Tue Oct 11, 2016 10:43 pm
Forum: Investing - Theory, News & General
Topic: "Yield and Return"
Replies: 29
Views: 2953

Re: "Yield and Return"

For a zero coupon bonds held in a taxable account by individuals, I think there are some unique tax considerations which dictate which portions of the total return are interest income and which are capital appreciation. You are indeed correct. Zero coupon bonds for individual investors are very int...
by wshang
Wed Sep 14, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: Purchase '98 Toyota Camry?
Replies: 40
Views: 4775

Re: Purchase '98 Toyota Camry?

dm200: Two years ago, I sold our 1998 Camry with 120,000 miles for a little over $2000. It needed some work but the main issues over time are exhaust and brakes. The timing belt needs changing soon. You might want to buy a service manual for the car. Toyota recommends little things like changing the...
by wshang
Thu May 12, 2016 10:22 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on the "tip of the iceberg" that is Puerto Rico
Replies: 76
Views: 12361

Re: NY Times article on the "tip of the iceberg" that is Puerto Rico

I'm not quite understanding the handwringing. The insurers have largely said they have more than enough reserves to cover ongoing interest payments and interest for PR. The hedge funds have purchased some of these bonds are greatly depressed prices. At worst, the politicians will either make up the ...
by wshang
Sun Apr 17, 2016 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do I know I have enough to retire
Replies: 17
Views: 4086

Re: How do I know I have enough to retire

Obviously by way of asking you are looking for blind spots. Suppose your wife has a major illness followed by disability. Add a 50% drop in the stock market. Could you survive that?
by wshang
Sun Apr 17, 2016 11:11 pm
Forum: Investing - Theory, News & General
Topic: Why not buy a DIVIDEND stock?
Replies: 36
Views: 3903

Re: Why not buy a DIVIDEND stock?

Berkshire Hathaway doesn't pay any dividends. In theory this is the most efficient way of delivering value to shareholders, that is through long-term capital gains. The shareholders pay taxes first as company stock owners that brings in earnings and then again as individuals, who must pay income tax...
by wshang
Mon Jan 18, 2016 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is Your Plan B if Quicken dies? [Intuit selling Quicken unit]
Replies: 105
Views: 15266

Re: What is Your Plan B if Quicken dies? [Intuit selling Quicken unit]

I'm been using MSM SD for years. Got probably 20+ years on that and still going strong.
by wshang
Sat Dec 26, 2015 4:04 pm
Forum: Investing - Theory, News & General
Topic: Could you sleep with all your money in Berkshire Hathaway?
Replies: 66
Views: 8870

Re: Could you sleep with all your money in Berkshire Hathaway?

Vanguard Tax-Managed Capital Appreciation Fund Admiral Shares (VTCLX). Your advice meshes with CFS and also appears on the BH Wiki where VTCLX is said to have a yield of ~1.6%. The long-term performance of this fund is impressive versus Large Cap Index. That said, I'm still amazed how BRK.B stands ...
by wshang
Fri Dec 25, 2015 4:14 pm
Forum: Investing - Theory, News & General
Topic: Could you sleep with all your money in Berkshire Hathaway?
Replies: 66
Views: 8870

Re: Could you sleep with all your money in Berkshire Hathaway?

After doing some online searches, I am unable to find any index funds which have a twin structure: no dividends married with dividend paying. It would seem to be an excellent choice for an older investor who wished to put all the dividend paying stocks into a tax advantaged account and pure growth i...
by wshang
Fri Dec 25, 2015 3:13 am
Forum: Investing - Theory, News & General
Topic: Could you sleep with all your money in Berkshire Hathaway?
Replies: 66
Views: 8870

Re: Could you sleep with all your money in Berkshire Hathaway?

Reviving this thread through a search, I recently encountered a situation with my elderly father-in-law when looking over his revocable trust. This is money which he doesn't plan on using, except for an emergency. Funds like VT and SPY are throwing off dividends and pushing up his taxable earnings. ...
by wshang
Sun Nov 22, 2015 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Stretching UTMA tax benefits into 2016, will this work?
Replies: 8
Views: 848

Re: Stretching UTMA tax benefits into 2016, will this work?

I am not sure if she will get the first $2000 of capital gains at zero tax in 2016. If she has enough income to be in the 25% tax bracket, I would think she will pay 15% on all of her capital gains. Can you let us know where you saw this in the IRS publications? A kind BH PM'd me with the following...
by wshang
Sun Nov 22, 2015 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Stretching UTMA tax benefits into 2016, will this work?
Replies: 8
Views: 848

Re: Stretching UTMA tax benefits into 2016, will this work?

Found this from: http://blog.turbotax.intuit.com/tax-tips/are-student-loans-tax-deductible-6570/ "Eligible student loans You can only claim the deduction for interest that accrues on student loan funds that you actually use to pay education-related expenses. For example, if during your senior y...
by wshang
Wed Nov 18, 2015 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Stretching UTMA tax benefits into 2016, will this work?
Replies: 8
Views: 848

Stretching UTMA tax benefits into 2016, will this work?

My daughter is finishing college this December and we are lucky enough to have managed the UTMA and 529 accounts such that they would have completely covered the expenses. The 529 has been completely exhausted. Only UTMA funds remain for 2015. In theory, all educational expenses would be paid in 201...
by wshang
Wed Oct 14, 2015 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VOO hidden fees?
Replies: 8
Views: 1676

Re: VTI vs VOO hidden fees?

One more item about VTI I like - not front running. Market professionals make a living off moving before the changes announced by the folks creating the 500 index. While the individual gets nicked a little, I prefer not to get nicked at all.
by wshang
Thu Aug 13, 2015 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: 529 withdrawal and contribution same year
Replies: 4
Views: 738

Re: 529 withdrawal and contribution same year

You have other children or relatives in the same state? Have them open a 529 for the benefit for your son who is going to college. Give them a gift and perhaps they will feel so enamored of your generosity that they make a 529 contribution.
by wshang
Thu Aug 13, 2015 9:33 pm
Forum: Investing - Theory, News & General
Topic: More Individual Municipal Bond Shenanigans [Edward Jones SEC overcharge settlement]
Replies: 27
Views: 2567

Re: More Individual Municipal Bond Shenanigans

Even with, say $1M in fixed income, is that enough for an individual investor to have in bonds, rather than funds? There is so much exists about this on BH on archived threads. If you don't care to get some extra money for some work, sure, go the muni mutual fund route. But $1M is above the thresho...
by wshang
Tue Jul 21, 2015 8:46 pm
Forum: Personal Consumer Issues
Topic: solar energy in new england
Replies: 32
Views: 2477

Re: solar energy in new england

The payback for your solar depends upon your state. http://sroeco.com/solar/top-10-solar-payback-states-1216 Although New York used to rank even higher, we are now 6th with a projected 8 year payback. http://solarenergy.net/News/2013080701-where-do-you-get-the-fastest-payback-on-rooftop-solar/ Part ...
by wshang
Fri Jul 10, 2015 10:34 pm
Forum: Investing - Theory, News & General
Topic: look at structured notes
Replies: 16
Views: 1712

Re: look at structured notes

I've purchased some of these on the secondary market. It takes some indepth research, but at the right price, someone else's junk can be gold. But I agree, as a primary offering, many of these are bad investments.
by wshang
Sun Jun 28, 2015 10:17 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on Fixed-Maturity Bond Funds?
Replies: 29
Views: 3779

Re: Thoughts on Fixed-Maturity Bond Funds?

There is an interesting bond fund BLH which matures in 2018. Right now it is trading at $14.87 although the NAV is above $15, the amount it should distribute at maturity. In the past, similar Blackrock products such as BLN which I have owned have done very well, distributing capital gains as well as...
by wshang
Fri Jun 12, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan vs 401K
Replies: 7
Views: 1077

Re: Defined Benefit Plan vs 401K

I'm a physician who have set up this as a dual 401k-DB. If I may ask, what is approximate cost of setting up a 401k-DB plan? $3-4k to set up, followed by $1-2k per year and about the same to take down. But this is for a small physician practice. Basically, if you can escape 33 or 35% tax bracket or...
by wshang
Thu Jun 11, 2015 10:02 pm
Forum: Investing - Theory, News & General
Topic: NYSE Volume - Large Increase in Last 30 Minutes of Trading
Replies: 5
Views: 1226

Re: NYSE Volume - Large Increase in Last 30 Minutes of Trading

The order imbalance reports come out from the various exchanges at various times prior to close. The hedge funds are attempting to scalp index funds and those who need to even up with futures and options contracts. What you are seeing are the sharks taking little bites off the prey at the end of the...
by wshang
Thu Jun 11, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Plan vs 401K
Replies: 7
Views: 1077

Re: Defined Benefit Plan vs 401K

I'm a physician who have set up this as a dual 401k-DB. It is very complex and expensive. That said, it is extremely useful and one of the most underutilized tax shelters available to high-wage earners. The overall strategy is to decrease the tax rate when working and take it out at a lower rate whe...
by wshang
Thu Apr 30, 2015 10:47 pm
Forum: Investing - Theory, News & General
Topic: Chinese CD's
Replies: 55
Views: 8180

Re: Chinese CD's

Figured I'd give some follow-up. I have two CD's, the two year just matured, and earned 4.04% compounded return. I'll probably reinvest the money which looks like 3.41% for the current two year paper since my experience with the Chinese bank has continued to be positive. On the exchange side, since ...
by wshang
Mon Mar 30, 2015 8:12 pm
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 11633

Re: Did you learn anything from 2008?

As one nears the magic number, one needs to gradually ratchet down risk. It is one thing to hit the number with a portfolio of equities. It is absolutely necessary to practice a form of dynamic asset allocation as one nears the number. I was very fortunate to have begun the process of balancing into...
by wshang
Mon Mar 30, 2015 11:14 am
Forum: Investing - Theory, News & General
Topic: Bonds with Sinking fund = rising interest rate protection?
Replies: 3
Views: 563

Bonds with Sinking fund = rising interest rate protection?

Many of us are interested in protecting our portfolio, particularly the bond side from rising interest rates. Lately I came across this idea regarding purchasing bonds with a sinking fund provision. If one were able to purchase these below par value and with scheduled impending redemptions, then if ...
by wshang
Sun Mar 29, 2015 9:49 pm
Forum: Investing - Theory, News & General
Topic: Is structured settlement annuity investing a good deal?
Replies: 7
Views: 1129

Re: Is structured settlement annuity investing a good deal?

There are many shops offering rotating inventories such as these. The interest rates on these can exceed comparable high quality munis and these can be backed by insurance policies from Berkshire for example. I actually visited one of these shops to talk with the firm's lawyer to make sure they are ...
by wshang
Fri Mar 27, 2015 11:25 am
Forum: Investing - Theory, News & General
Topic: Should a BH investor never use futures/options?
Replies: 70
Views: 6207

Re: Should a BH investor never use futures/options?

Just like active management, options are a true zero-sum game, meaning the expected return of all parties after transaction costs is always negative. This is not mentioned enough! You are playing a negative-sum game (after costs) against professionals. That should be all you need to know to discard...
by wshang
Thu Mar 26, 2015 9:23 pm
Forum: Investing - Theory, News & General
Topic: Should a BH investor never use futures/options?
Replies: 70
Views: 6207

Re: Should a BH investor never use futures/options?

You can sell out of the money puts on SPY and get paid to rebalance when markets fall. Assuming these short puts are cash-covered, this strategy does not necessarily outperform just putting that cash in the index, though. Just for the sake of being contrarian, take a look here: http://papers.ssrn.c...
by wshang
Wed Mar 25, 2015 10:47 pm
Forum: Investing - Theory, News & General
Topic: Should a BH investor never use futures/options?
Replies: 70
Views: 6207

Re: Should a BH investor never use futures/options?

Why would anyone ask this question on this forum? Of course you get these expected answers. It is indeed possible through a combination of option strategies to have a greater risk adjusted return. It takes work, homework, lots of it to understand these strategies. If you truly wish to invest time to...
by wshang
Thu Mar 19, 2015 10:10 pm
Forum: Personal Consumer Issues
Topic: $600 night guard for teeth grinding, really?
Replies: 92
Views: 10986

Re: $600 night guard for teeth grinding, really?

Over the years, I have ordered a couple of custom bite guards from these commercial labs directly. While your results might vary, I have been quite pleased with the fit and quality. The price is of course significantly lower, providing you can follow the directions in making your own impression. If ...
by wshang
Fri Mar 13, 2015 10:51 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds vs. Treasuries - Please explain to me like I'm 5
Replies: 25
Views: 3485

Re: Muni bonds vs. Treasuries - Please explain to me like I'

There is yet one more explanation which I rarely hear. Investors come from all over the globe now; US investors tend to forget that. Muni's favored interest rates tend to favor US taxpayer investors. It could be much like I-bonds, large international investors are just not interested.
by wshang
Mon Feb 16, 2015 8:56 pm
Forum: Investing - Theory, News & General
Topic: Average amount saved for retirement by age
Replies: 133
Views: 31208

Re:

Disagree completely. It is a cop out to state the poor don't have money to save. They do they just choose to spend it. I would love to see how many poor who state they don't have enough to save for retirement who have cable television, eat out, and have cell phones. Reminds me of this reality TV sh...
by wshang
Sun Feb 08, 2015 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA strategy
Replies: 15
Views: 3557

Re: Roth IRA strategy

This strategy is well outlined in Jim Lange's book, The Roth Revolution. Actually the time you can recharacterize is longer than the OP mentions if you file an tax extension every year. I might recommend Jim's book if for no other reason than he goes over critical dates, variations and possible pitf...
by wshang
Sat Dec 27, 2014 11:13 pm
Forum: Personal Consumer Issues
Topic: Runners, Triathletes, Cyclists,...
Replies: 22
Views: 2511

Re: Runners, Triathletes, Cyclists,...

I would second Quickfoot, ultra distances are generally considered detrimental to health. I draw the line at 100 miles biking, afterward it is no longer any fun. Cycling gives me the sensation of freedom and flight. Whether cycling alone or with the club, it is something I am confident I can do for ...
by wshang
Tue Dec 16, 2014 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Physician doing consulting on side - individual 401k?
Replies: 33
Views: 4099

Re: Physician doing consulting on side - individual 401k?

avenger wrote:I was hoping to contribute as much of the $6300 as I could. Hence my concern over getting the calculation correct right now.

You can add to it later.
by wshang
Tue Dec 16, 2014 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Physician doing consulting on side - individual 401k?
Replies: 33
Views: 4099

Re: Physician doing consulting on side - individual 401k?

avenger wrote:
wshang wrote:My accountant advised me to put in $100 now (to show earnest) and work out the final amount next year near tax time.

"Put in $100?" You mean paying estimated tax?

Make a $100 contribution for 2014 now. Wasn't that part of your original question?
by wshang
Tue Dec 16, 2014 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Physician doing consulting on side - individual 401k?
Replies: 33
Views: 4099

Re: Physician doing consulting on side - individual 401k?

My accountant advised me to put in $100 now (to show earnest) and work out the final amount next year near tax time.
by wshang
Tue Dec 16, 2014 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Physician doing consulting on side - individual 401k?
Replies: 33
Views: 4099

Re: Physician doing consulting on side - individual 401k?

avenger wrote:Can someone help me calculate this? I want to do this right the first time. Many thanks in advance.

www.irs.gov/publications/p560/ch05.html
this is the worksheet in addition to VG's calculator for the total
Just about to do it myself.
by wshang
Mon Dec 15, 2014 11:03 pm
Forum: Investing - Theory, News & General
Topic: Is it speculation to use the Callan Periodic table?
Replies: 35
Views: 4339

Re: Is it speculation to use the Callan Periodic table?

There is a profitable way to use the Callan Table, especially if one is doing Roth conversions. Of course this would entail a good deal of work, but say you have a million in a tIRA and your intention is to convert $100k per year. You could take 10% and put it into each of sectors of the Callan Tabl...
by wshang
Thu Dec 11, 2014 9:18 pm
Forum: Personal Consumer Issues
Topic: Why So Many Used Prius for Sale?
Replies: 51
Views: 9985

Re: Why So Many Used Prius for Sale?

We bought a 2011 Prius, the previous year's model when in 2012 there was the news hoopla over the proported automatous brake failure and speeding. At the time, the local dealership was offering $50 to test drive. Incentives after incentives to take last year's new car off their lot. Quite a contrast...
by wshang
Thu Dec 11, 2014 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Physician doing consulting on side - individual 401k?
Replies: 33
Views: 4099

Re: Physician doing consulting on side - individual 401k?

Oh yeah, in order to have money, you have to study money! One reason why I was able to retire from full-time practice was having a defined benefit, 401k and a separate sideline business with yet another salary deferral. Physicians have to learn more about this otherwise the combination of high debt ...
by wshang
Tue Dec 09, 2014 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Physician doing consulting on side - individual 401k?
Replies: 33
Views: 4099

Re: Physician doing consulting on side - individual 401k?

I am doing exactly this, but applied and received an EIN number prior to opening a 401k at Vanguard. This was the advice when I called VG earlier in the year. You still have time if you want to go this route.
by wshang
Fri Nov 21, 2014 11:20 pm
Forum: Investing - Theory, News & General
Topic: Diversification among Bonds?
Replies: 32
Views: 4478

Re: Diversification among Bonds?

Call risk also exists for Munis. Just yesterday we received a dreaded call flag on some 5.25% coupon 2034 tax free munis purchased 3-4 years ago. Now we must try to replace a cash flow in our taxable account that is pretty much irreplaceable. Adding minor insult to injury is that we also owe capita...
by wshang
Thu Nov 20, 2014 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: SEPP for early retiree
Replies: 6
Views: 1641

Re: SEPP for early retiree

Many thanks for Alan, Spectec and VirginiaBob for taking the time to answer. While I was able to google 72t.net, I was not able to link to it nor bring it up on my browser. Taking into consideration the relative merits of Roth conversion: 1) Flexibility of amount, subsequent frequency 2) Better tax ...

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