Search found 1035 matches

by wshang
Thu Mar 22, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: premium/discount when buying an ETF
Replies: 31
Views: 2172

Re: premium/discount when buying an ETF

While I can't always get the data on tax loss carryforward, if a mutual fund has a large tax loss, this is a reason to favor two otherwise identical appearing funds. Of course this ihis is relatively uncommon in recent years, but can prevent a nasty surprise in the New Year.
by wshang
Fri Mar 16, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7611

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

4% is for a 30 year time horizon. You are looking at much longer, so it is probably 2-2.5% SWR. Probably not what you want to hear, especially since the likelihood of the next ten years being as good as the last ten years is not as good given valuations. Since a 3% withdrawal rate can — absent blac...
by wshang
Thu Mar 15, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7611

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

Pajamas wrote:
Thu Mar 15, 2018 1:34 pm
MP123 wrote:
Wed Mar 14, 2018 4:48 pm
Also consider a worst case scenario of not being able to buy health insurance on the open market.
Is there really any way to plan for that? :shock:
Absolutely, save more $. What can be given can be taken away.
by wshang
Wed Mar 14, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7611

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

4% is for a 30 year time horizon. You are looking at much longer, so it is probably 2-2.5% SWR. 2-2.5% is far, far too conservative. For a possible 40-45 year max retirement horizon the OP is looking at probably around 3.25-3.75% depending on allocation if he retires in a worst case year. I think y...
by wshang
Wed Mar 14, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?
Replies: 52
Views: 7611

Re: Do I have enough saved to pull the trigger now? Or wait 1? 3? years?

4% is for a 30 year time horizon. You are looking at much longer, so it is probably 2-2.5% SWR. Probably not what you want to hear, especially since the likelihood of the next ten years being as good as the last ten years is not as good given valuations.
by wshang
Tue Mar 13, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 301
Views: 60802

Re: Physician Retirement Savings

Here are the realities. 40s - awesome. Have money, vigor, and health. Don't need doctors unless they get hurt. 50s- pretty good. Still able to do most things as 40s 60-63 - same as 50s 64-68 - divide 40s in 1/2. The other half act and look old. They need family help and medical care frequently. 70-...
by wshang
Sat Mar 10, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: I need to sell some stock now for a looming expense, right?
Replies: 28
Views: 2896

Re: I need to sell some stock now for a looming expense, right?

If the market doesn't dip, hold the shares of B for 12 months for the long-term gain. If the OP puts the proceeds from selling their taxable funds into B, and then doesn't sell B when the tuition payments are due, where do they get the money from? Hope that makes sense. I'm having a hard time comin...
by wshang
Sat Mar 10, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: I need to sell some stock now for a looming expense, right?
Replies: 28
Views: 2896

Re: I need to sell some stock now for a looming expense, right?

If the market doesn't dip, hold the shares of B for 12 months for the long-term gain. If the OP puts the proceeds from selling their taxable funds into B, and then doesn't sell B when the tuition payments are due, where do they get the money from? Thanks for giving me a chance for expanding and cla...
by wshang
Fri Mar 09, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: I need to sell some stock now for a looming expense, right?
Replies: 28
Views: 2896

Re: I need to sell some stock now for a looming expense, right?

While I don't have a total answer to you question and agree funds for near term spending shouldn't be in stocks, there is a way to mitigate some potential loss through tax savings. For example, in preparation sell three months worth of holdings and buy an essentially similar ETF (let's call it B). Y...
by wshang
Fri Mar 09, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance when retiring or self employed before Medicare age?
Replies: 30
Views: 2867

Re: Health insurance when retiring or self employed before Medicare age?

As the owner of a single member LLC business, I hire one employee who is my wife who helps me with office work. According to my company's health care plan, we reimburse medical expenses and uncovered assorted benefits. She purchases the medical insurance and the company reimburses her for the cost. ...
by wshang
Fri Mar 09, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?
Replies: 69
Views: 9447

Re: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?

There is yet one more advantage of owning Berkshire. They have vowed to defend the shares at 110% book value. I don't agree with this assessment... Authorization to repurchase at 120% of Book is different than a commitment to do so. In the case of a catastrophic event destined to drive the market d...
by wshang
Fri Mar 09, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?
Replies: 69
Views: 9447

Re: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?

There is yet one more advantage of owning Berkshire. They have vowed to defend the shares at 110% book value. That protects shareholders on the downside unlike any other equity. I doubt shortsellers would attempt to pit themselves against the cash reserves of Mr. Buffett even in the severest of mark...
by wshang
Wed Mar 07, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?
Replies: 69
Views: 9447

Re: Does Anyone Invest In Berkshire Hathaway Instead Of Index Funds?

berkshire is more tax efficient and cost effective than an SP500 fund. though taxes differ for individuals, if you held berkshire for 20 years, you paid precisely $0 in taxes and expenses, except maybe your broker fee which would cancel out as you would have paid that to purchase an SP500 ETF. with...
by wshang
Tue Feb 27, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct mishandles tax-exempt OID
Replies: 12
Views: 561

Re: TaxAct mishandles tax-exempt OID

I’m not surprised. I have found that both TurboTax and H&R Block tax software don’t handle state returns correctly when it comes to municipal bond interest. I use the software to create and print out a return, but I use my state’s online web-based tax filing tool to submit mine, using the software’...
by wshang
Tue Feb 27, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct mishandles tax-exempt OID
Replies: 12
Views: 561

Re: TaxAct mishandles tax-exempt OID

There should be a section on the state form or in a taxact worksheet which asks you to list the amount of this tax exempt interest which is also exempt from state. How else would TaxAct know that the entry in box 11 is tax exempt in your particular state? On the Federal form, Box 11 mentioned is th...
by wshang
Tue Feb 27, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct mishandles tax-exempt OID
Replies: 12
Views: 561

Re: TaxAct mishandles tax-exempt OID

^ so what did you expect for customer support for free federal filing and $15 for state filing? I get your point. I'm using the $44.95 Freelancer version. [I object to the basic premise that our tax system should require professionals and that an intelligent and reasonably informed person ought not...
by wshang
Tue Feb 27, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct mishandles tax-exempt OID
Replies: 12
Views: 561

TaxAct mishandles tax-exempt OID

I have zero coupon muni bonds which are tax exempt in the state where I live. Zeros step up in basis every year and this is reflected in the OID entered into the software. TaxAct is screwing up the amount because any entry into line 11 (tax exempt) is adding to my state tax liability. Either I am en...
by wshang
Thu Feb 15, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: TaxAct Desktop versus Online
Replies: 1
Views: 265

TaxAct Desktop versus Online

Last year we purchased the online version, Premium edition only to find we could not view the form by selecting the form number from a completed pulldown menu (specific in its entirety) until submission. I learned from someone who owned the desktop version, they were able to view the form while in p...
by wshang
Thu Feb 15, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6616

Re: Work-out schedule for those in 60s

After lifting I have been taking GNC ANC Extreme 60 protein supplement . . . . But, it is expensive and I have always wondered if it really is that much better than the stuff I could buy at Costco. So, I wonder if others have any experience to share. Here is the most recent 2017 position statement ...
by wshang
Wed Feb 14, 2018 4:18 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6616

Re: Work-out schedule for those in 60s

A marathon runner will develop eccentric left ventricular hypertropy; a weightlifter, concentric LVH. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2300466/ A simple, clear way to parse training and exercise is by the adaptation sought: endurance vs. speed vs. strength vs. power, etc. This opinion p...
by wshang
Tue Feb 13, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6616

Re: Work-out schedule for those in 60s

57 yo physician with ACSM certification. As a clarification, although the term "cardio" is used all the time, physiologically, there is no such thing as cardiopulmonary exercise. All exercise is "cardio." The difference is whether you are exercising your Type 1 muscle fibers designed for aerobic met...
by wshang
Wed Dec 13, 2017 10:53 pm
Forum: Investing - Theory, News & General
Topic: Do ETFs have the same issue as mutual funds at year end (distributions)?
Replies: 13
Views: 2180

Re: Do ETFs have the same issue as mutual funds at year end (distributions)?

I'm trying to decide whether to buy VO versus the VIMEX Vanguard equivalent. One potential consideration is the FIFO rule provision in the present legislation under consideration. This would sway me to the mutual fund side. Does anyone know any difference between these two? I couldn't discern any di...
by wshang
Sun Nov 05, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 57
Views: 5392

Re: ACA MAGI planning

If you are eligible to make a Roth conversion, make it and recharacterize the exact amount to keep yourself in the ACA zone. Another strategy is to take an IRA distribution in December and return the necessary sum before the 60 day period elapses. Trying to get closer than <90% without post December...
by wshang
Wed Apr 12, 2017 12:04 am
Forum: Investing - Theory, News & General
Topic: Roth IRA - Using Risk to Grow the Pie
Replies: 30
Views: 3486

Re: Roth IRA - Using Risk to Grow the Pie

You could do several large IRA to Roth conversions per year, utilizing different risky strategies. Keep the winner, recharacterize the rest. This strategy could be used by buying a 3X Up and a 3X Down ETF after Roth conversion. You could do the same with options with less frictional loss. After the...
by wshang
Sat Dec 17, 2016 11:44 pm
Forum: Investing - Theory, News & General
Topic: Bonds will continue to drop (Yields Rise)
Replies: 20
Views: 4403

Re: Bonds will continue to drop (Yields Rise)

Holders of bonds do not "earn more in interest" if the market value of their bonds fall. I'm with RAchip and really don't understand all this handwringing. I buy stock index funds and I buy bonds. Sometimes interest rates go down after buying the bonds and the bond value increases. It's not as if I...
by wshang
Sun Dec 11, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 15836

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

While I generally would avoid closed end funds when you get chance to buy at that large a discount it's at least worth considering. Note discounts generally appropriate because of the costs of the fund!Larry Larry, how about a target term closed end fund such as BLH. The same fund family has been a...
by wshang
Thu Dec 08, 2016 9:16 pm
Forum: Investing - Theory, News & General
Topic: Bonds will continue to drop (Yields Rise)
Replies: 20
Views: 4403

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: 3457

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: 88
Views: 15836

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: 88
Views: 15836

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: 3203

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: 4
Views: 932

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: 3786

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: 3609

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: 5362

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: 14217

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: 4334

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: 5219

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: 17538

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: 9808

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: 9808

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: 9808

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: 1003

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: 1003

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 year i...
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: 1003

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: 2667

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: 5
Views: 2333

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: 3000

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: 2901

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: 1884

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.