Search found 1761 matches

by Electron
Tue Sep 18, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: California tax free fund or an AMT tax free fund?
Replies: 9
Views: 731

Re: California tax free fund or an AMT tax free fund?

Has anyone been able to verify if you can hold below that minimum initial investment of $50k once you enter the fund? Otherwise that is a pretty steep holding requirement versus their other funds. Treasury Money Market funds should be available from other fund groups with a lower minimum investment...
by Electron
Mon Sep 17, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: California tax free fund or an AMT tax free fund?
Replies: 9
Views: 731

Re: California tax free fund or an AMT tax free fund?

You might also take a look at Treasury Money Market funds which are tax-exempt for the California Income tax.

Vanguard's Treasury Money Market fund currently shows an SEC Yield of 1.98%.
by Electron
Sun Sep 02, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

The online profile for each Vanguard Money Market fund provides some interesting information that I had not noticed before. The table showing daily and weekly liquidity also shows daily net cash flow. One interesting observation is that VMSXX has many days with negative cash flow. That does not seem...
by Electron
Fri Aug 31, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Vacuum Tubes
Replies: 15
Views: 1675

Re: Vacuum Tubes

See the Tube Meister information provided at the bottom of the page below.

http://palomar-engineers.com/
by Electron
Thu Aug 23, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

It's interesting that, on average over the past year, muni yields have been relatively flat, in the sense that the highs and lows are similar to the other highs and lows. By contrast, prime rates have steadily increased. Try adding a moving average to the chart which smooths the upward trend. I tri...
by Electron
Tue Aug 07, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Satisfying the 5 year rules for ROTH IRAs
Replies: 12
Views: 1516

Re: Satisfying the 5 year rules for ROTH IRAs

Here is the latest version of the ROTH IRA Distribution Table including the four notes at the end.

http://fairmark.com/forum/read.php?2,54 ... #msg-85536
by Electron
Sat Jul 28, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime MM (VMMXX) Tax Efficiency?
Replies: 5
Views: 790

Re: Vanguard Prime MM (VMMXX) Tax Efficiency?

Take a look at the Vanguard Treasury Money Market fund and Vanguard Federal Money Market fund. The Treasury fund will be 100% exempt for the state tax. The Federal fund was close to 70% exempt in 2017. If you know your marginal state tax bracket, you can calculate your after-tax yield and compare wi...
by Electron
Thu Jul 26, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

I'm going to make a prediction that the next spike in VMSXX yields will be very large. I'm simply assuming that there is going to be re-pricing trigger of some sort soon and yields will have to rise to keep up with demand. What we need is a past calendar of new issues to see how large offerings mig...
by Electron
Thu Jul 26, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8070

Re: Best Available 2018 tax estimator

According to Case Study Spreadsheet updates , it appears your comment about that tool was heeded: "Fixed the AMT breakpoints for capital gains on the Form6251 tab (thanks to Boglehead Electron)." That's a great surprise as I didn't know how to provide feedback on that spreadsheet. I'm now feeling p...
by Electron
Thu Jul 26, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Are there really enough high bracket investors to sustain demand this level of demand at the current TEY spread? We're all wondering the same thing. There are quite a few Institutional Tax-Exempt Variable NAV Money Market funds but I don't know how much money is invested. It's also not clear if any...
by Electron
Thu Jul 26, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8070

Re: Best Available 2018 tax estimator

I used your contact info to send some feedback but silence so far...... I hope they eventually respond. One unknown is who controls the source code for that calculator. It's unfortunate that just about every tax program and calculator has issues. One difficult area has always been the deductions on...
by Electron
Wed Jul 25, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here is an updated chart with data through 7-24-18.

The SEC yield on the taxable money market funds has continued to rise slightly as the yield on VMSXX has continued to fall.

Image
by Electron
Wed Jul 25, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8070

Re: Best Available 2018 tax estimator

You could throw the two commonly noted spreadsheets, 2018 Federal Income Tax Estimator and the personal finance toolbox into the mix if interested.... Those both look like helpful resources. I ran my AMT test case with both spreadsheets and unfortunately the results did not appear correct in either...
by Electron
Tue Jul 24, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8070

Re: Best Available 2018 tax estimator

So the score is now 2 to 2 (or perhaps 1 to 2 if mortgage/dinkytown are the same creation). To settle the tie, perhaps you could confer w/ the creator of the problem calculator and figure out who went wrong how. It looks like the Mortgage Calculator and Dinkytown Calculator are reporting the correc...
by Electron
Mon Jul 23, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8070

Re: Best Available 2018 tax estimator

Do any of these tools handle prior year AMT credits? With the changes I’m hoping to finally be able to use some of the credits to do a bigger Roth conversion but haven’t found an estimator yet that has the capability. You'll probably need to wait for availability of a full tax program. However, you...
by Electron
Sun Jul 22, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Mock-Up IRS Forms for 2018 Tax Year
Replies: 25
Views: 1906

Re: Mock-Up IRS Forms for 2018 Tax Year

The Mortgage Calculator site provides a page where you can send comments or ask questions.

Refer to the bottom of the page.

https://www.mortgagecalculator.org/contact/
by Electron
Sun Jul 22, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8070

Re: Best Available 2018 tax estimator

I have my projected 2018 taxes calculated in a spreadsheet and just tested several of the tools mentioned in this thread. The Mortgage Calculator and Dinkytown Calculator are very easy to use and I like these tools. My return is quite complex and the results of each calculator matched my spreadsheet...
by Electron
Sun Jul 22, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Liquidity in the Municipal VRDO market has been mentioned as a possible factor in the yield variations. The VRDO market appears to be about $200B which is quite small compared with the taxable money market. The U.S. Commercial Paper market is over $1T. Add in Treasuries, Government paper, CDs, Repur...
by Electron
Sun Jul 15, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Even at the highest tax bracket with NIIT Prime is still a better deal right now. Obviously I am not the only one too lazy to move to Prime right now. I noticed the same thing. There are probably a lot of people who just assume they are better off in a tax-exempt money market fund and don't look at...
by Electron
Sat Jul 14, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Where do you think yields will go from here? It’s 1.10% right now and doesn’t make sense any more at my bracket. The only thing I can suggest is reviewing the pattern in previous years. The most recent peak on 7-03-18 appears consistent with the peak on 7-05-17. It might be worth estimating the ann...
by Electron
Fri Jul 13, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here are two articles that may help explain some of the recent yield spikes seen in VMSXX. Note the comment in the Blackrock article about the spring supply push. https://www.bloomberg.com/news/articles/2017-11-30/muni-cracks-widen-as-issuers-rush-in-fearing-tax-reform-damage November 30, 2017 "In t...
by Electron
Tue Jul 10, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Down to 1.2% sec yield today from 1.31%. Now I’m below TEY at my bracket compared to prime. There must be a lot of demand from people in the 35% and 37% brackets. Even then the current rate is not overly attractive depending on the taxable rate used for comparison. The Treasury Money Market fund is...
by Electron
Mon Jul 09, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

That prompts the question: are transactions done using the NAVs to four decimal place or two decimal places? I did not find anything in the prospectus of the Vanguard Municipal Money Market fund about the number of decimal places in the NAV used for transactions. Fidelity provides some information ...
by Electron
Sat Jul 07, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Here is an updated chart which includes the Fed rate hike on 12-16-15. You can see that VMSXX did not immediately respond to the rate increase as mentioned in the article I posted earlier. The chart provides a date label and tick mark on 12-15-15. That increase was the first rate hike of the current...
by Electron
Thu Jul 05, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Switch to LT bonds in this falling rate environment?
Replies: 44
Views: 3338

Re: Switch to LT bonds in this falling rate environment?

David Kotok is recommending Long term Muni bonds now barbelling with short term bonds as the long term muni bond after tax yield equal or exceeds treasuries. California residents may want to compare Vanguard California Intermediate-Term Tax-Exempt with Vanguard California Long-Term Tax-Exempt. SEC ...
by Electron
Sun Jul 01, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

For me, the advantage of Treasury MM over Prime MM now is only 1 basis point of after-tax yield (ATY), so 1.33% vs. 1.32%, and ditto for taxable-equivalent yield (TEY), at 2.04% vs. 2.03%. But for me the maximum advantage was only 8 basis points of TEY on 6/4/2018. The 7.1 basis point advantage I m...
by Electron
Sun Jul 01, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

The after-tax yield advantage I've had with the Treasury Money Market Fund has been slowly shrinking away! The difference in after-tax yield was 0.30% a few weeks ago and now it is 0.071%. There is an interesting effect in play with the different taxation for the Treasury Money Market fund and VMSXX...
by Electron
Fri Jun 29, 2018 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

That is, I think that just about all variable rate debt essentially enjoys the same high credit rating, so muni MM yields will be the same except for expenses. Although, I'm sure there are muni fund which attempt to goose yields with some lower quality debt perhaps? Here is an article that may prov...
by Electron
Tue Jun 26, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

The rise in the SEC yield of VMSXX last year was from 6-14-17 through 7-06-17 so it will be interesting to see how things compare in 2018. However, note that the Federal Funds Rate was increased on both 6-14-17 and 6-13-18. In fact, many of the recent spikes in yield coincided with hikes by the Fed....
by Electron
Fri Jun 22, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Under the new regs my understanding is that municipal MM funds (and other MM funds apart from federal/treasury funds) are only open to individual investors. Hedge funds (along with other institutional investors) are limited to the federal/treasury MM funds. Here is a list of Institutional Money Mar...
by Electron
Thu Jun 21, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

I wonder if there are two or more overlapping influences which affect the cycles, e.g. investor behavior, underlying economic conditions, one-time events such as new tax-law affecting one or more of the past-few cycles, etc. The supply of new paper versus ongoing investor demand may be quite diffic...
by Electron
Mon Jun 18, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

Out of curiosity, why is it more common to gross up tax-advantaged funds to TEY for comparability to Prime rather than comparing after tax yields? I get that this is two sides of the same coin, but I find it more grounding to think it terms of after-tax yields. I prefer to look at after-tax yields....
by Electron
Fri Jun 15, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

More basic question: are the securities in Vang muni mm mostly short term paper from issuance, or are they longer bonds at or near maturity? The complete portfolio listings are available in the Annual Reports. A large percentage of the holdings are VRDOs. https://investor.vanguard.com/mutual-funds/...
by Electron
Fri Jun 15, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vanguard Municipal Money Market VMSXX 1.39%

In regards to the yield variations, the Municipal Bond Market is considered much less liquid than the Treasury Market and that should extend to the very short term securities as well. Part of the problem may be the very high number of different individual issues which translates to lower trading vol...
by Electron
Thu Jun 14, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vangaurd Municipal Money Market VMSXX 1.39%

The taxable Money Market funds at Vanguard are maintaining longer average maturities compared with the Municipal Money Market fund. That difference may be a factor in the after-tax yield comparisons. Treasury - Average Maturity 56 days - SEC Yield 1.79% Federal - Average Maturity 54 days - SEC Yield...
by Electron
Wed Jun 13, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 239
Views: 30550

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Why is there so much fluctuation in muni money market yields? I believe one factor is variation in the supply of new paper. Increased supply may increase yields while decreased supply may drive down yields. I've also seen a similar effect in longer term municipal securities near the end of the year...
by Electron
Tue Jun 12, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard Small Cap Index really small cap?
Replies: 32
Views: 2126

Re: Is Vanguard Small Cap Index really small cap?

You can also see the differences in the Median Market Cap reported in the Vanguard Annual Reports.

Vanguard Small-Cap Index Fund: Median Market Cap = $4.1B

Vanguard Tax-Managed Small-Cap Fund (S&P 600 Index): Median Market Cap = $1.8B
by Electron
Wed May 23, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Asset Class Forecasts
Replies: 47
Views: 2994

Re: Asset Class Forecasts

aburntoutcase wrote:
Tue May 22, 2018 3:48 pm
At this point, trailing 15-year total returns on the Vanguard Total Stock Market fund are 10.2% annualized, 10-year returns are 9.5% annualized.
The nine year return for VTSAX going back to May 23, 2009 is currently 15.86%.
by Electron
Tue May 22, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Pimco INCOME BOND FUND PONAX beating VWIAX Wellesley ~~ too good to be true?
Replies: 26
Views: 2139

Re: Pimco INCOME BOND FUND PONAX beating VWIAX Wellesley ~~ too good to be true?

Morningstar shows Wellesley Income outperforming PONAX over 1, 3, and 5 years.

You can make the comparison on either the Chart tab or the Performance tab. I first brought up the information page for PONAX and then added VWIAX for the comparison.
by Electron
Mon May 21, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Cricket Wireless, Unlocked Phones, Advantages, SIM Size
Replies: 10
Views: 882

Re: Cricket Wireless, Unlocked Phones, Advantages, SIM Size

Cricket phones do not have much bloatware that I've seen. Thanks once again. I currently have the Alcatel Idol 3 which has been updated from Android 5 Lollipop to Android 6 Marshmallow via the Cricket update. I agree on the minimal bloatware although last year a new file manager seemed to install w...
by Electron
Mon May 21, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Cricket Wireless, Unlocked Phones, Advantages, SIM Size
Replies: 10
Views: 882

Re: Cricket Wireless, Unlocked Phones, Advantages, SIM Size

Just change your SIM from Micro to Nano. They might charge you $9.99 for the new SIM. The new SIM kits are all nano with adapters for micro and full sized SIM. Thanks very much for the reply. There is a local store here and I'll plan to stop in. I assume that the phone number remains the same and t...
by Electron
Mon May 21, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Cricket Wireless, Unlocked Phones, Advantages, SIM Size
Replies: 10
Views: 882

Cricket Wireless, Unlocked Phones, Advantages, SIM Size

I'm currently using Cricket Wireless and wondering if there are advantages or issues moving to an unlocked phone. New phones with a SIM slot seem to have moved to the smaller Nano SIM. My phone uses a Micro SIM so it looks like the choice in unlocked phones will be limited. Any suggestions on an unl...
by Electron
Wed May 16, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Roof TV Antenna Recommendation Needed
Replies: 23
Views: 1825

Re: Roof TV Antenna Recommendation Needed

There is a wide selection available from Channel Master.

https://www.channelmaster.com/Outdoor_Antennas_s/20.htm
by Electron
Fri May 11, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Point of Indifference vs. Principle Recovery
Replies: 57
Views: 5367

Re: Bond Fund Point of Indifference vs. Principle Recovery

Here’s what I’ve been doing with VWALX, duration 6.8 years, turn over rate of 21%, risk factor of 3. It looks like the management of this “High-yield” bond fund is not nearly as risky as most “junk bond” funds. My time in this fund is to our deaths, perhaps 20-30 years, with no particular thought t...
by Electron
Mon May 07, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Bond Fund Point of Indifference vs. Principle Recovery
Replies: 57
Views: 5367

Re: Bond Fund Point of Indifference vs. Principle Recovery

The Wiki has a detailed explanation on the Point of Indifference under Bonds - Advanced Topics.

See the Paragraph on Duration.

https://www.bogleheads.org/wiki/Bonds:_advanced_topics
by Electron
Sat May 05, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: One space or two ...
Replies: 18
Views: 1633

Re: One space or two ...

Here is a good article on the subject. http://www.businessinsider.com/why-you-should-never-add-two-spaces-after-a-period-2015-5 I took a typing class back in the 1960s and we were taught to use two spaces. In the last month or so I became aware of this issue and have been trying to make the switch t...
by Electron
Thu May 03, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Yield Corporate - Another New Low in Dividend
Replies: 19
Views: 4611

Re: Vanguard High Yield Corporate - Another New Low in Dividend

I see an approx. avg. last couple years of a reduction in that month (Jan. or Feb.) of 12.5% of the dividend. The fund paid capital gains distributions of $0.0084 in March 2015, $0.021 in December 2015, and $0.002 in December 2016. It's possible those distributions were a factor. If reinvested, one...
by Electron
Thu May 03, 2018 1:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Yield Corporate - Another New Low in Dividend
Replies: 19
Views: 4611

Re: Vanguard High Yield Corporate - Another New Low in Dividend

It has that downward blip every year in either Jan. or Feb. Bond funds accrue income daily so the monthly payout depends on the number of days in the month. See my post above on February 5. If you have an account with Vanguard you should be able to see your accrued dividends every day. In my case, ...
by Electron
Wed May 02, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Yield Corporate - Another New Low in Dividend
Replies: 19
Views: 4611

Re: Vanguard High Yield Corporate - Another New Low in Dividend

Here is an updated chart on Vanguard High Yield Corporate showing the NAV and Dividend. The monthly dividend has rebounded from the low January payout. This does fit with my thoughts that losses in derivatives were a factor in the lower dividend. Note also that the NAV has continued its relatively s...