Bogleheads.org

I wonder if securities lending revenue explains the 1099 div issues. It should still be corrected.

U.S. Bank is offering $600 bonus for a new checking account with 2 or more direct deposits totalling $10,000 over 60 days. Seems worthwhile for spending under 1 hour total time without tying up any money. You can transfer the money elsewhere right away and keep $0 balance until you get the bonus and then close the account, if you no longer need it. https://www.doctorofcredit.com/u-s-bank-600-checking-bonus-plus-35-49-portal/amp/ This deal is even sweeter considering that right now US bank is allowing initial deposit of up to $3,000 with a credit card. So a simple 2% cashback card such as citi double cash would give $60 cashback (tax free)! That's interesting. I wonder why the credit card issuer is treating this type of transaction as a pur...

What's a bingo board? Banks that are located on high-traffic roads tend to have electronic signs that flash numbers and short messages. When I find a sweet enough deal, I shout "bingo!" and make a mental note to stop in. You can take it from there. :P Ahhh, OK. In your experience, are these "bingo" deals associated with the smaller banks and credit unions? I'm assuming that major bank branches don't have the freedom to offer special local incentives. It's typically local banks, credit unions, and regional banks that do this. The largest banks tend to advertise via direct mail, on their website, or with ads posted in the branch. I honestly find a lot of deals just by paying attention. It could be that banks are more aggr...

tomsense76 wrote: ↑Fri Mar 24, 2023 9:58 pm

whodidntante wrote: ↑Fri Mar 24, 2023 9:55 pm

8301 wrote: ↑Fri Mar 24, 2023 8:39 pm

whodidntante wrote: ↑Fri Mar 24, 2023 8:22 pm I have never regretted a contribution to a tax advantaged account. I've regretted missed contributions.

I cannot think of any disadvantage of directing my money into 401k unless I am below age 59 1/2 and need it now. I am even willing to pay a fee to do it.

It’s pretty easy to access the money early if desired, without penalty. I would write up how, but some FIRE blogger probably wrote a treatise on the subject.

Yep, this writeup lays out the options pretty well.

that is a good one. I’ll add an unconventional tip. A 401k loan can be useful when you have a specific plan to avoid the potential penalty.

No 1099 here. Maybe Apex quiet quit.

8301 wrote: ↑Fri Mar 24, 2023 8:39 pm

whodidntante wrote: ↑Fri Mar 24, 2023 8:22 pm I have never regretted a contribution to a tax advantaged account. I've regretted missed contributions.

I cannot think of any disadvantage of directing my money into 401k unless I am below age 59 1/2 and need it now. I am even willing to pay a fee to do it.

It’s pretty easy to access the money early if desired, without penalty. I would write up how, but some FIRE blogger probably wrote a treatise on the subject.

“Buy when others are fearful”. Does it make sense to back up the truck to sector funds such as financials? Seems like a good time to get a huge discount. You might have to sit on it until it rebounds but you would do that with any holding. What would having 10-15% of portfolio in this matter as far as the downside. Could go down more. If it does just DCA into it. Is this any worse or riskier than holding something such as a REIT fund at these percentages? I didn't read the posts in this thread, but buying a sector fund does not seem like a Buffett move to me. His style is to concentrate into a small number of public and private companies that he finds attractive and to park the rest into T-bills so he can do some shopping when the storm co...

I have never regretted a contribution to a tax advantaged account. I've regretted missed contributions.

Pu239 wrote: ↑Sun Mar 19, 2023 8:01 pm What's a bingo board?

Banks that are located on high-traffic roads tend to have electronic signs that flash numbers and short messages. When I find a sweet enough deal, I shout "bingo!" and make a mental note to stop in. You can take it from there.

The mega caps tend to trip themselves over their extremely large feet. So I think just avoiding those would improve a portfolio. However, owning mid caps with a quality filter would do that just fine, since an S&P 500 fund minus clown shoe companies seems elusive. There seems to be a bit of a small cap boost as well, also with a quality filter. Extended market funds and the Russell 2000 seem to be an eternal dumpster fire.

You are 38. You need a better job. If you retire, you might start to waste your time with pointless busy work like pickleball and buying your way onto the board of a non-profit where you attend meetings where you argue over how to spend the money you donated. Even worse, you might start to brag about your rusted-out [unnecessary comment removed by moderator oldcomputerguy] car with an interior that consists primarily of ground dirt and mildew. Which works fine because you can't really afford to go anywhere often.

zero_coupon wrote: ↑Sun Mar 19, 2023 3:40 am

Mel Lindauer wrote: ↑Sun Mar 19, 2023 1:23 am However, despite the fact that Mid-Caps had been very good to me, once I had attained "more than enough", I reduced the equity portion of my portfolio and opted to move the reduced equity portion to Vanguard's Index 500 fund, which is now my sole equity holding.

So much for "stay the course," ha ha.

A vessel that never changes course is called a shipwreck.

This AI cannot pass the Turing test, but it can fill in for a CNBC commentator.

JBTX wrote: ↑Mon Mar 20, 2023 11:54 pm

whodidntante wrote: ↑Mon Mar 20, 2023 9:13 pm I like to keep my emergency fund in emerging markets value stocks.

Any fool knows it should be in Bitcoin. Preferably at FTX.

Funds are safu.

It's painful for companies to comply with the anti-terrorism requirements imposed by the USA government, and foreign banks don't really want to deal with it, either. So ex-pats can become unbanked if they aren't careful. When I was living as a nomad during the chip and PIN era, I had to go to great lengths to get a foreign credit card because no one wanted to do business with an American.

My advice: apply the rules of fight club to your foreign address. Also, stop sending pieces of paper through the mail for financial transactions. That wasn't covered in the fight club rules, but we could sub it for rule #3 without any issues.

Kookaburra wrote: ↑Mon Mar 20, 2023 11:07 pm

whodidntante wrote: ↑Sat Mar 18, 2023 9:55 am Honestly, brokerages are a commodity. So I go with the one that offers the highest bonus.

Vanguard had better offer a much higher bonus to coax me into tolerating all of their mistakes.

Ha! Well, Vanguard did a weird bonus with AmEx. It required buying advice or something. They can't even do a bonus properly.

WCI is a whole life shill. Just kidding.

Most of us need some insurance, but you wouldn't go far wrong if you adopt a policy to give as little money to insurance companies as possible.

Instead of this weird IBC doohickey, I'd suggest looking into low-cost ways of borrowing against your investment portfolio. These include box spreads and margin from IBKR Pro. If you own a pile of sticks that makes your mom proud, you can also borrow against that. This is much simpler, and you can access an enormous pile of money if you're rich enough for IBC to matter. The idea is own whatever you like, but you have the option to borrow instead of sell. Probably faster, definitely easier, and almost certainly for less cost.

I think it's best to panic.

I like to keep my emergency fund in emerging markets value stocks.

When visiting a city, I don't bother with its museums unless they are truly the best in class or there is something there that I really want to see. The B-grade museums are for bored residents, not tourists. With that in mind, though, you could certainly pay a visit to the Harley Davidson museum. I'm not aware of a better museum for that sort of thing.

Heavy German influence in Milwaukee. Get some cheese curds and some bratwurst and a huge stein of beer.

I don't connect that well with the majority of people in my distant past. It's part of branching out. I don't think it is my wealth.

True. I edited it to limit the scope to bank bonuses.

You may be overthinking this.

Some posters indicated an interest in such a thread. Let’s see if it gains momentum or sputters out. Today, I checked my CapitalOne360 Savings account and found a nice surprise. My $1,000 for 100k deposit bonus posted! This required a 100k deposit for 90 days, and the account was one of those “high-yield” jobs that pay decent interest. All told, I estimate a 7.2% yield on a non-trivial amount of money from this arrangement. Here’s a mini-FAQ: What kind of bonuses are available? Checking, savings, and money market accounts sometimes pay bonuses. Checking accounts are less capital intensive, typically. For example, I just completed a $600 Huntington Bank bonus that only required 25k for a few days. How do I find bonuses? Check doctorofcredit....

Since it's a taxable account, I would buy nothing but equity index ETFs and trade in tax-advantaged accounts if I wanted to reduce risk. As far as which ones, I like to diversify across countries and across factors, and I like the Avantis offerings for factors. You can also trade during withdrawal so the effect is the same, but you access the money with less overall tax.

Don't panic. The answer is 42.

I wouldn't use Merrill Lynch due to fees. But I would use Merrill Edge because of the bonuses Merrill Edge pays.

I like to have a number of banks, brokerages, and credit card issuers in my life.

Accounts can be locked for a number of reasons, and it's not always instant to unlock them. I once had a bank account locked and it took several weeks to resolve that. If that were my only account, it would have been a serious problem. But it was only a minor inconvenience.

Plus, you can earn a substantial bonus. You are just a number to Vanguard, and to your bank.

It's probably not the brake pads, but you have a mechanical issue like a stuck parking brake or a stuck caliper or the pads are binding so not able to move as intended. Certain parts need to be lubricated when replacing the pads, and if not done, it will lead to issues. The bottom line is there is no way to know without looking.

This kind of stuff happens. Has the mechanic been reliable otherwise?

The pedal being low is not a reliable indicator that the pads are shot. You have to look.

tj wrote: ↑Thu Mar 16, 2023 4:02 pm

nalor511 wrote: ↑Thu Mar 16, 2023 4:00 pm

tj wrote: ↑Thu Mar 16, 2023 3:57 pm If Apex doesn't provide the corrected soon, I'll just file without the foreign tax credit. What a mess.

I certainly wouldn't give up my tax credit because my broker made a mistake. Even if I had to file a FINRA/SEC/IRS complaint.

I have no idea how I would calculate the tax credit. Avantis doesn't provide it.

https://res.cloudinary.com/americancent ... s-2022.xls

One potential oopsie is your HSA if you are not covered by an HSA-compatible HDHP for the whole year. It's not a big deal to fix this, however. You just need to command them to return excess contributions.

Honestly, brokerages are a commodity. So I go with the one that offers the highest bonus.

Don't worry about this [(removed) --admin LadyGeek].

SIPC will cover you in cases of brokerage fraud. It's not the same as FDIC.

Perhaps because it is unloved?

vanguarded wrote: ↑Fri Mar 17, 2023 10:42 pm I always imagine the Boglehead response to a question like this to be "somehwere around 16"

The best predictor of your income is the income of your parents. But I prefer the outliers.

ramram22 wrote: ↑Tue Feb 07, 2023 9:55 pm

AnnetteLouisan wrote: ↑Sun Feb 05, 2023 9:46 pm

davidferrer31 wrote: ↑Sun Feb 05, 2023 9:45 pm Haven't hit it yet, but I hope to between 10-15 years. Currently 26

Being 26 is worth a lot more than $1 million.

Maybe for women. I remember being 26 and broke; it wasn’t fun. I’d much rather be 40 with $1 million.

I'd give my entire portfolio to be 26 again. I have confidence that I could go get more money. But you can't go get more life.

Unless it's some sort of Twilight Zone trick.

Also, it's not a gender issue.

chinchin wrote: ↑Fri Mar 17, 2023 6:41 pm I haven't used new bing, but I have used ChatGPT which is the same underlying technology. It's way better than Google. Google cannot innovate, they are basically the new IBM, they have been deprecated.

The search is still decent. The problem is that they show way too many ads.

nisiprius wrote: ↑Thu Mar 16, 2023 2:03 pm Shame on Vanguard. Shame on Vanguard software quality control.

It's controlled. This is a disagreement on the target.

Every month there is an orgy of automatic payments (direct debits) hitting my Fidelity CMA account. It's fine.

Shooting4Sixty wrote: ↑Fri Mar 17, 2023 5:56 pm Are there any other metrics aside from expense ratio that I should use to better understand why none of the american funds are worth keeping?

Since they're all unique blends it seems hard to compare to any given index?

Referencing factors in my post above, American Funds tend to overweight growth stocks. This approach essentially goes against academic research. Although in the short term, anything can happen. American Funds are not the worst I have seen, but I personally wouldn't hold them even if I could purchase A shares without a load.

Some poorly organized thoughts about portfolio construction. It's mainly about picking good risks that you want to take, and that fit your situation. You also want to keep your costs low. You brought up that the funds are for retirement and it's quite far off. That means you don't need liquidity, and you can afford to take quite a bit of good risks if you can tolerate it. When picking stock funds, I like to be globally diversified. I also like diversifying across factors. I tend towards more ex-USA and more factor diversification than the average poster here, but I'm not the most extreme on either that I have seen. Picking bond funds is mainly about credit risk and duration risk. People have different models for what level of duration risk ...

The file history thingy has a configurable storage location. You can change or view it in the control panel. It's generally an external drive.

David Jay wrote: ↑Fri Mar 17, 2023 3:28 pm

delamer wrote: ↑Fri Mar 17, 2023 10:21 am Would not want a stateroom directly underneath a pickleball court!

Probably noisier when they are playing basketball up there.

We had a stateroom right next to the (outdoor) jogging track. Somebody when running every morning @ 6:30

10 print "thump thumP thuMP thUMP tHUMP THUMP (whoosh) THUMp THUmp THump Thump thump"
20 sleep 45
30 goto 10

Well said. But let me pile on: If Ben (and Cameron Passmore, his co-host on the Rational Reminder podcast) does not follow an evidence-based investing approach, then no one does. Nor is it surprising that the portfolio that his company recommends is heavy on Boglehead principles, with a meaningful tilt toward Avantis and Dimensional products. Yes I'm not sure why some focus so heavily on YouTube as a medium.... Is his YouTube channel monetized? I checked it out. There are ads, and he has more than enough subscribers to monetize. "Pat, I'd like to solve the puzzle." Ben has spoken publicly about the RR and CSI channel revenues before, as well as the site costs for RR. You won't be envious. I would say he does it and there is money...

# shutdown -r 0

GreendaleCC wrote: ↑Thu Mar 16, 2023 11:21 am

Rob5TCP wrote: ↑Thu Mar 16, 2023 11:19 am Pay attention to your due date on your 7 year CD's. I received an email that they will renew for another 7 year term. Well, the current interest rate on 7 year CD's in .3%. Everything else is 4 - 4.4%. I am already in the process of moving it to Vanguard and buying a brokered CD's.
I just finding it a bit questionable having all the rates semi competitive, except all those 7 years taking out 7 years ago.

I’m not sure I would ever want to bank with an organization doing something like that.

I would say below market rates upon renewal are a known risk with these "special period" CDs. I've seen it before. I get your point, however.

smooth_rough wrote: ↑Mon Mar 13, 2023 11:15 am Systemic risk. Contagion effect. Flight to quality. Buy utilities.

Clown makeup for my posse.

100k invested in an equity index ETF sounds fine to me. But I'm confused because you brought up liquidity. It doesn't work like that. You have to take risk if you want to beat the returns of safe investments. You can sell equities for whatever they happen to be worth, but it could be less than you paid no matter how long you wait. Especially in real terms. I would rather hold off on putting in money into an etf compounding at like 3-5% (adjust for inflation) and have all my funds tied up. instead, id rather have my cash not tied up in slow growing long term investments for right now so i can take more risk in investing in my business or for further businesses down the road. I say liquid bc it makes sense in my head but what I mean is just ...

You didn't specify age, but the average age of a Boglehead is approximately 1,000 years old. So let's round down to 30.

Probably the worst mistake is to wear tapered or slim-fit pants when you don't have the legs for it. Or to wear pants that are too long, too short, too baggy, or too tight. And no pleats. Also, don't wear pants with a noticeable logo or graphics.

100k invested in an equity index ETF sounds fine to me. But I'm confused because you brought up liquidity. It doesn't work like that. You have to take risk if you want to beat the returns of safe investments.

You can sell equities for whatever they happen to be worth, but it could be less than you paid no matter how long you wait. Especially in real terms.