Search found 3097 matches

by triceratop
Fri Dec 15, 2017 3:30 am
Forum: Investing - Help with Personal Investments
Topic: For ETFs: Fidelity or Vanguard or others
Replies: 13
Views: 1048

Re: For ETFs: Fidelity or Vanguard or others

I have a Vanguard account with VTSAX and VTIAX. Can I move to Merrill Edge? I'm assuming it's better to hold Vanguard funds inside Vanguard. Is that correct? Secondly, let's say after a few months, I decide that buying these individual ETFs is not worth it, should I still keep the existing funds/ET...
by triceratop
Thu Dec 14, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: Moods of the U.S. Stock Market, 1990-2017
Replies: 19
Views: 1161

Re: Moods of the U.S. Stock Market, 1990-2017

Perhaps calling changes in P/E "moods" is a tad reductive. It also includes expectations on future earnings, which sometimes are estimated in a rather cold fashion. Fair point. But over long periods, the relationship between speculative market returns (multiple changes) and fundamental returns (div...
by triceratop
Thu Dec 14, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: Moods of the U.S. Stock Market, 1990-2017
Replies: 19
Views: 1161

Re: Moods of the U.S. Stock Market, 1990-2017

While trying to steer clear of breaking forum rules on proposed legislation, it's been known for some time that there is a likelihood of changes in the proportion of corporate profits that are returned as earnings in future years. Stocks are priced on future earnings. But any efforts at pricing futu...
by triceratop
Thu Dec 14, 2017 5:57 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1258

Re: Ensuring I don't buy the dividend

@going--so you are market timing in a sense? Buying on a predictable dividend? But what if you are buying long term --average dollar cost, etc? This is not market timing. Market timing revolves around movements in the prices of stocks. This has to do with the timing of fund distributions. It's not ...
by triceratop
Thu Dec 14, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1258

Re: Ensuring I don't buy the dividend

@tricer--So, good info--thanks. Most stock funds are qualified (as I suggested--do you agree?), bonds nothing (understandable--different asset class), international nothing--who cares. You would agree if you are invested in US equities your dividends are qualified correct? Same tax as cap gains? Mo...
by triceratop
Thu Dec 14, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1258

Re: Ensuring I don't buy the dividend

Estimated 2017 Qualified dividend percentages of Vanguard funds:

Total U.S. Stock Market: 94%
Total International Stock Market: 66%
Total Bond Market: 0%

Taxable bonds will always pay dividends which are fully taxable at one's federal marginal rate. Good luck finding a bond fund which does not.
by triceratop
Thu Dec 14, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1258

Re: Ensuring I don't buy the dividend

anonsdca wrote:
Thu Dec 14, 2017 5:35 pm
@tricer---LOL...I will restate--sorry----aren't the three BH recommended funds giving qualified dividends?
No, without exception.

I say that in the sense that all three pay ordinary dividends which are not also qualified dividends.
by triceratop
Thu Dec 14, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1258

Re: Ensuring I don't buy the dividend

anonsdca wrote:
Thu Dec 14, 2017 5:26 pm
@tricer--aren't all fund dividend qualified? The idea of missing a dividend payment for a long term buy is wrong.
1) no.

2) you are incorrect. My previous response shows why you are wrong.
by triceratop
Thu Dec 14, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1258

Re: Ensuring I don't buy the dividend

@tricer? Really, aren't dividends taxed the same as Cap gains? 1) Only if they are qualified dividends. 2) The idea is to avoid paying tax this year . Deferral of taxes is a big advantage, it's called tax efficiency . Simply put, it's better to pay tax on accumulation in 30 years (or not at all) ra...
by triceratop
Thu Dec 14, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1258

Re: Ensuring I don't buy the dividend

anonsdca wrote:
Thu Dec 14, 2017 5:11 pm
@rob, who cares if you are investing for the long term?
Because we are concerned about after-tax long-term returns. What is identical before tax is not always identical after tax. Like this case right here.
by triceratop
Thu Dec 14, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 95
Views: 4904

Re: How much did you contribute to your 401k in 2017?

I'm 25. I contributed $0. I do not have a 401k. I also contributed $0 to a Roth IRA. Yay.

(To reuse a joke): I was not able to max out my taxable account.
by triceratop
Thu Dec 14, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Young Investor: When to diversify
Replies: 22
Views: 1323

Re: Young Investor: When to diversify

OP, I was in a similar financial position to you when I was 23, 2 years ago. Congratulations on being on a sound financial footing. I recommend keeping investing and diversifying to Total International Index (VGTSX) and Total Bond Market Index Fund (VBMFX). You can diversify immediately. I personall...
by triceratop
Thu Dec 14, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 221
Views: 16559

Re: Prepayment of SALT Taxes? [State and Local]

IT is light gray, if not white, area. Why would the state accept estimatedpayments for 2018 in 2017 ? Clearly at that point all income is future income. You guys help me understand this: - By end of 2017 I make a 10k estimated tax payment for 2018, equal to my estimated tax liability. - By 4/15/18 ...
by triceratop
Thu Dec 14, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 177
Views: 4349

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

OP do you have an actual question that still needs to be answered with this thread?
by triceratop
Thu Dec 14, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 177
Views: 4349

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

It doesn't sound like 30% is actually a trigger then. OP, I was a math major (and am currently doing a PhD in math) and this thread terrifies me. Sure, I can do measure-theoretic probability and stochal, but I am under no illusions I know nothing about trading. You should not be so illusioned either.
by triceratop
Wed Dec 13, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: Do You Sacrifice Tax Efficiency for Portfolio Efficiency?
Replies: 5
Views: 634

Re: Do You Sacrifice Tax Efficiency for Portfolio Efficiency?

I own some VSS in taxable which is about as much of a tradeoff as I am willing to do.
by triceratop
Wed Dec 13, 2017 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 177
Views: 4349

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

It took you less than 60 seconds to read those threads and digest the lessons from them? You are a fast reader, and an even faster learner! :twisted: DIdn't take too long to figure out they weren't too positive on margin investing. On the contrary, market timer started off very positive on margin i...
by triceratop
Wed Dec 13, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 177
Views: 4349

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

OK fair enough, but let's say I did some multiple of this with my money planning to get out on the close with a nice few thousand dollars gain, bt couldn't get out of the S&P end of day because it had a crazy inexplicable WTHF is going on drop in the last 15 minutes (even though both the DJIA and N...
by triceratop
Wed Dec 13, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 25
Views: 960

Re: Taxable vs. Tax Deferred - not much difference?

That calculator doesn't take into account re-invested dividends or the annual dividend tax drag on the taxable account. Both would affect the output. I didn't know that, John. Might you be able to point me to a more accurate calculator for this exercise? I've tried all sorts of googling and am just...
by triceratop
Wed Dec 13, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 25
Views: 960

Re: Taxable vs. Tax Deferred - not much difference?

You should know that you could withdraw from your tax-deferred accounts before retirement age without paying penalty. If you know this, then, all his arguments are basically pointless. KlangFool Can you please enlighten me here? How can you withdraw from tax-deferred accounts before retirement with...
by triceratop
Wed Dec 13, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Government Index Funds Benchmark Change - Update
Replies: 6
Views: 569

Re: Vanguard Government Index Funds Benchmark Change - Update

Great news, thanks Doc, even if we were one of only a few who cared! :beer The name change has been visible on the advisors page for quite a few days now, in fact. My google spreadsheet, using GoogleFinance APIs, still displays "Vanguard Intmdte Tm Govt Bd ETF" though. It will be interesting to see ...
by triceratop
Wed Dec 13, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Tax Gain Harvesting
Replies: 20
Views: 877

Re: Tax Gain Harvesting

Thanks for replies. Appreciate the cautions you give. I've pretty much decided that I want to do this just not sure on mechanics of it. After being in the market for a long time I'm not that concerned about being out for a day or two or three although I understand that a lot of the market gains com...
by triceratop
Wed Dec 13, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 29
Views: 2691

Re: Vanguard will use blockchain to share index data

Taylor Larimore wrote:
Wed Dec 13, 2017 10:48 am
Bogleheads:

There is lots I don't know (and don't need to know) about investing. This is one of them.

Best wishes.
Taylor
Taylor,
I wouldn't consider this an investing topic. It's a technology problem, and the technology that some financial companies are using for their backend services.
by triceratop
Wed Dec 13, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Tax Gain Harvesting
Replies: 20
Views: 877

Re: Tax Gain Harvesting

Bogleheads, because my income is lower this year and some capital gains I own are large, I've got the idea to tax gain harvest then reinvest those gains right back into their same investment home. I'm looking for assurance that I understand the mechanics of the process. I may be over analyzing this...
by triceratop
Wed Dec 13, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard will use blockchain to share index data
Replies: 29
Views: 2691

Re: Vanguard will use blockchain to share index data

My question is if Vanguard can create a new ledger to take care of its needs what is driving the value of Bitcoin. It would seem to me if you need the use of a block chain ledger you would create your own. I don’t understand the demand of Bitcoin other than to say you have it. None of the Vanguard ...
by triceratop
Wed Dec 13, 2017 2:12 am
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 41
Views: 3372

Re: Small cap value vs. total market?

Also I think Livesoft's point above shouldn't be overlooked: "SCV is not for the buy-and-hold person. One has to rebalance into SCV when it is doing terrible and out of SCV when it has done great. The swings of SCV are much more than the swings of a total market index fund. If one merely watches SC...
by triceratop
Wed Dec 13, 2017 2:02 am
Forum: Investing - Help with Personal Investments
Topic: What's the case for including foreign developed & emerging markets with a 10-12 year outlook on retirement
Replies: 60
Views: 2630

Re: What's the case for including foreign developed & emerging markets with a 10-12 year outlook on retirement

VTI and ITOT are a wash...IXUS looks a bit better to me from the recent performance numbers.. Recent performance numbers have zero predictive power for your future returns. Which one wins moving forward is a coin toss. A better way to choose is based on whether it will be held in a taxable account ...
by triceratop
Wed Dec 13, 2017 1:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard Bond ETFs Attitude Toward Capital Gains Distributions
Replies: 4
Views: 339

Re: Vanguard Bond ETFs Attitude Toward Capital Gains Distributions

By the way, VGIT paid only 0.13% of NAV in capital gains distributions in 2016. Most of that is long-term capital gains. To the extent the fund managers were able to convert what would otherwise be dividend income to capital gains, it seems that this was a move which would improve tax efficiency. Th...
by triceratop
Tue Dec 12, 2017 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: For ETFs: Fidelity or Vanguard or others
Replies: 13
Views: 1048

Re: For ETFs: Fidelity or Vanguard or others

It would be best to not pay commissions at all, which is possible even on those exotic products.

I use Merrill Edge and get 30 free stock/ETF trades per month. That is if you have at least $50k in assets. If you have more than $100k assets then you have 100 free trades per month.
by triceratop
Tue Dec 12, 2017 7:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 47
Views: 5312

Re: Vanguard year end distributions - updated estimates

It's not like it's a great achievement. Institutional index also expects to pay out 0.62% of NAV as capital gains distributions. What about VTSAX ? It's easy to imagine the games you can play with selling REITs one day and buying the next (or swapping REITs around distribution days to keep net expo...
by triceratop
Tue Dec 12, 2017 7:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 47
Views: 5312

Re: Vanguard year end distributions - updated estimates

You have the explanation for institutional vs Admiral precisely backwards. Funds can use expenses to offset non-qualified dividends. Therefore funds with higher ERs should be expected to have higher percentages of reported qualified dividend income. How do you explain this year's data ? Could it be...
by triceratop
Tue Dec 12, 2017 6:44 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 47
Views: 5312

Re: Vanguard year end distributions - updated estimates

Probably not "the" reason. It more likely has to do with REITs. But they pay dividends every year and for 2016 QDI ratio was 100%, IIRC No that was 2015. OK, same consideration applies to 2015 then. There were REITs in VTSAX in 2015 too. The explanation that a QDI share over 95% can be reported as ...
by triceratop
Tue Dec 12, 2017 6:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard year end distributions - updated estimates
Replies: 47
Views: 5312

Re: Vanguard year end distributions - updated estimates

Why do the institutional total stock market funds have 100% QDI whereas the rest (admiral, investor, etc.) have 94%? Don't they follow the same index? They follow the same index, but they are not share classes of the same fund; each fund computes its own QDI. Dividends can become non-qualified if t...
by triceratop
Tue Dec 12, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Any experience with Redneck Money Market? (1.5%)
Replies: 7
Views: 581

Re: Any experience with Redneck Money Market? (1.5%)

Judgin' Faynanshul institutions based on the name and not the FDIC protection (not on the MM but the 2% savings account); seems like a Bee-Hay-vorial err.
by triceratop
Mon Dec 11, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 59
Views: 5024

Re: Year end review with less nerdy spouse

cheesepep wrote:
Mon Dec 11, 2017 7:46 pm
PPT slides in a family? Uh, no!
Smart thinking. Correct, I would advise using LaTeX/Beamer instead.
by triceratop
Mon Dec 11, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: No transaction fee for Vanguard ETFs?
Replies: 21
Views: 1290

Re: No transaction fee for Vanguard ETFs?

A number of Bogleheads made money on the August 2015 crash too. But mutual fund diehards continue to say volatility is only a problem for ETF investors, as if there is no risk in the snapshot price they receive. It's an amusing problem; I admit behavorially the constantly-changing prices in the mark...
by triceratop
Mon Dec 11, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 79
Views: 6422

Re: 2018 financial goals - what are yours?

... Pay huge tax bill. ... Paying a huge tax bill is a strange goal to have. :happy One of my goals is to do whatever I can to minimize my huge tax bill (should have listed that above) :) I expect the bill to be huge despite my efforts to minimize it. No income tax if there is no income so congratu...
by triceratop
Mon Dec 11, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Cap gains - when?
Replies: 8
Views: 731

Re: Cap gains - when?

Let’s say someone regularly buys S&P 500 in a taxable brokerage account... holds it for 20-30 years and doesn’t sell a share until retirement. Would capital gains taxes only be applied when you sell? Any other fees being taken out every year that take away from compounding? Assuming you invest in a...
by triceratop
Mon Dec 11, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 79
Views: 7303

Re: Done gone and did it

Earl,
Thank you for the help in the past, and good luck in retirement. I wish you success in your secondary career of moving assets around betwixt brokerages. :beer
by triceratop
Mon Dec 11, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: No transaction fee for Vanguard ETFs?
Replies: 21
Views: 1290

Re: No transaction fee for Vanguard ETFs?

The takeaway is to take opportunities when they appear and to buy ETFs when there is a flash crash. :twisted: So I think the chart posted by nisiprius is a very strong reason to use ETFs. Is there a known example of someone actually managing to buy VTI, or indeed any heavily affected ETF, during th...
by triceratop
Mon Dec 11, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: No transaction fee for Vanguard ETFs?
Replies: 21
Views: 1290

Re: No transaction fee for Vanguard ETFs?

Fidelity sells many ETFs for zero commission, about anything anyone could want. You can buy or sell the shares for free (as long as you are not doing frequent short term trades in and out of the same ETF). Schwab also does the same. No-commission trades (within various over-trading limits) are now ...
by triceratop
Mon Dec 11, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: No transaction fee for Vanguard ETFs?
Replies: 21
Views: 1290

Re: No transaction fee for Vanguard ETFs?

*I am thinking here of big, mainstream, heavily traded ETFs like Vanguard's. I am not going to reproduce this chart, showing what happened to VTI (Vanguard Total Stock Market Index ETF) because I think it is completely irrelevant and I would never engage in irresponsible fearmongering. Oops, too la...
by triceratop
Mon Dec 11, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 79
Views: 6422

Re: 2018 financial goals - what are yours?

... Pay huge tax bill. ... Paying a huge tax bill is a strange goal to have. :happy One of my goals is to do whatever I can to minimize my huge tax bill (should have listed that above) :) I can relate to randomizer. I may be facing such a large tax bill that paying it will itself be a financial goal.
by triceratop
Sun Dec 10, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: "The Modern Corporation and the Public Interest" by John C. Bogle
Replies: 13
Views: 1011

Re: "The Modern Corporation and the Public Interest" by John C. Bogle

Very interesting reading, the concerns expressed by Mr. Bogle on corporate governance echo mine (He expresses his much more eloquently of course). The only problem that I have is with the proposed solution of having boards of directors be composed of the non-voting company CEO and the rest being in...
by triceratop
Sun Dec 10, 2017 6:04 pm
Forum: Investing - Theory, News & General
Topic: TSM vs High Dividend Yield if I never choose to sell?
Replies: 36
Views: 2282

Re: TSM vs High Dividend Yield if I never choose to sell?

But the gross return amply covers the taxes and the net return after taxes exceeds the net return after taxes of say a 500 fund . This adds up in the total return column. [citation needed] :confused Just personal computations on a spreadsheet. Yes but my objection is matter-of-factly projecting the...
by triceratop
Sun Dec 10, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Do DFA Funds have lower trading costs than Index Funds?
Replies: 32
Views: 1425

Re: Do DFA Funds have lower trading costs than Index Funds?

Until these funds are accessible to the general public not thru an advisor and the advisory fee it doesn't really matter. Here you go . e.g. JHML The John Hancock ETFs run by DFA should be available to anyone. That is funny in the context of this thread given the trading costs of using, say, the Sm...
by triceratop
Sun Dec 10, 2017 5:21 pm
Forum: Investing - Theory, News & General
Topic: "The Modern Corporation and the Public Interest" by John C. Bogle
Replies: 13
Views: 1011

Re: "The Modern Corporation and the Public Interest" by John C. Bogle

I bet is not referring to returns from each vehicle, but to investors return. Those investors using ETF’s are more inclined to tume the market. Of course that is what he is doing. The point of my purported confusion is the vehicle does in fact work better than TIFs for some investors, the same inve...
by triceratop
Sun Dec 10, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: "The Modern Corporation and the Public Interest" by John C. Bogle
Replies: 13
Views: 1011

Re: "The Modern Corporation and the Public Interest" by John C. Bogle

Thank you for the link, Taylor. I enjoyed the read. Finally, I confess my surprise (and disappointment) that the growth of TIFs—typically bought and held by passive investors for the long-term—has been eroded by the intercession of ETFs—typically traded in the short term by active investors—often fo...