Search found 547 matches

by DetroitRick
Thu Jun 21, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 40
Views: 2540

Re: How much of your taxable holdings is unrealized capital gains?

46% of market value (and 3% in unrealized losses). Individual stock portfolio, positions acquired from 2006 to present.
by DetroitRick
Thu Jun 21, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: What happens to shares in a merger?
Replies: 9
Views: 661

Re: What happens to shares in a merger?

OP, not to complicate things, but because you expressed concern about brokerage reporting accuracy, do make sure you are dealing with the correct cost basis for Orbital. In February 2015, Alliant Techsystems (former symbol ATK), spun off Vista Outdoor (symbol VSTO) and basically merged to become Or...
by DetroitRick
Wed Jun 20, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term Treasury ETF vs just buying Treasuries
Replies: 32
Views: 1778

Re: Short-term Treasury ETF vs just buying Treasuries

The differences quoted above between large and small buyer ARE small, as they typically would be in the Treasury market. Remember for this example, Quantity 1 = $1,000 face. Not $100 like Treasury Direct. So for every $1,000 Treasury purchased, that big buyer is paying $0.29 less or 0.029% (not 0.29...
by DetroitRick
Wed Jun 20, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: What happens to shares in a merger?
Replies: 9
Views: 661

Re: What happens to shares in a merger?

OP, not to complicate things, but because you expressed concern about brokerage reporting accuracy, do make sure you are dealing with the correct cost basis for Orbital. In February 2015, Alliant Techsystems (former symbol ATK), spun off Vista Outdoor (symbol VSTO) and basically merged to become Orb...
by DetroitRick
Wed Jun 20, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: What happens to shares in a merger?
Replies: 9
Views: 661

Re: What happens to shares in a merger?

It was a pure cash offer, approved last September. Payout was $134.50 per share, earlier this month. I closed my position last September when this became final, Assuming this is in taxable account: From a tax angle, for the OP this is ataxable event for this year and for you it was a taxable event ...
by DetroitRick
Wed Jun 20, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: What happens to shares in a merger?
Replies: 9
Views: 661

Re: What happens to shares in a merger?

It was a pure cash offer, approved last September. Payout was $134.50 per share, earlier this month. Consideration to shareholders in mergers can be paid various ways, including cash, shares of a totally new entity, shares of acquiring entity, etc. But this was a pure cash deal and very normal. Alth...
by DetroitRick
Tue Jun 19, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 31
Views: 1909

Re: Is individual Bonds better than Bond Fund?

Both have their place, and neither is by definition "better". It's more a matter of what best meets your specific needs. There are many risks in the fixed income world (such as rate, principal, call, default, etc.) and it helps to focus on what matters most to you. Don't be too quick to exclusively ...
by DetroitRick
Sun Jun 17, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 153
Views: 7248

Re: Which Supermarket are you?

Most of our groceries are from: Kroger, Meijer (regional), and Target Also use Whole Foods and Trader Joe's to a smaller degree, plus some ethnic food stores and our farmers markets. We're generally not motivated very much by the organic label overall, but there are some products where we slightly p...
by DetroitRick
Sun Jun 17, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4001

Re: Tracking spending before retirement useful for estimating retirement expenses?

For me absolutely, I found it extremely useful. Like delamer mentions above, it gives you a baseline from which you can think through adjustments and changes. So I'm glad I did it, now about 13 years into early retirement. Although I found it useful irrespective of the retirement aspect too. For exa...
by DetroitRick
Sat Jun 16, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: What are your hobbies?
Replies: 58
Views: 4638

Re: What are your hobbies?

exercise (walking 4+ miles/day, weights, stretching)
dog
classical guitarist
dabble in piano
home repair (hate to call it a hobby, but so much time....)
gardening
photography
technology (pc's and devices, software and hardware)
shooting sports
reading
by DetroitRick
Fri Jun 15, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11109

Re: Which boglehead rule do you break--and are ok with

My deviations from BH principles: Taxable account is entirely individual stocks I prefer actively-managed funds to indexed in international equity and fixed income I supplement my core indexed US equity positions with some degree of active management I severely limit my market timing, but I"ll do it...
by DetroitRick
Thu Jun 14, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Anyone buying Individual Short Term Treasuries?
Replies: 19
Views: 1296

Re: Anyone buying Individual Short Term Treasuries?

Yes. Started doing so in February. Mainly in the 9 month to 1-1/2 year range on the secondary market. I'm laddering to match cash needs. I find it an easy decision right now for my specifics - the relative flatness of the yield curve (as dbr mentions above) combined with modest short-term inflation ...
by DetroitRick
Mon Jun 11, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Would you choose text or email for two-factor authentication?
Replies: 50
Views: 2805

Re: Would you choose text or email for two-factor authentication?

My preference is text over email 100%. In a practical sense, as opposed to theoretical, it's safe enough for me when combined with the other measures I take. I just don't look at email more than a few times a day, so.... I also have a port out pin with my carrier to prevent my number from being port...
by DetroitRick
Thu Jun 07, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: New issue CD. Mechanics of trading
Replies: 5
Views: 838

Re: New issue CD. Mechanics of trading

I'm doing the same thing - using (U.S.) Treasuries and Cd's out to 2 years. To answer your question, if it's a "brokered" CD, there is no prepayment penalty involved. That's simply because with brokered cd's you instead have to sell them if you need the money before maturity date. If you went direct...
by DetroitRick
Fri Jun 01, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Writing Checks on a Schwab IRA
Replies: 22
Views: 1014

Re: Writing Checks on a Schwab IRA

I share Doom&Glooms fear of account compromise vs. simple inconvenience at my bank. It's too easy to wash or counterfeit checks these days. Even with Schwab's fraud guarantee, I don't ever want to find out a massive check was cashed out of my IRA. At Vanguard, the IRA checks are written on a specif...
by DetroitRick
Thu May 31, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Writing Checks on a Schwab IRA
Replies: 22
Views: 1014

Re: Writing Checks on a Schwab IRA

It's nice that they are offering it, but I won't enroll. I don't see any added advantage. I'm happy to just move my distributions into my checking and /or savings account. It's fast and easy online. I share Doom&Glooms fear of account compromise vs. simple inconvenience at my bank. It's too easy to ...
by DetroitRick
Tue May 29, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: Router hack, have you acted?
Replies: 101
Views: 8760

Re: Router hack, have you acted?

Haven't done much of anything. Checked the router to make sure the DNS settings haven't been changed, did same with PC settings. Just in case, but no problems now. Had previously changed router default access code anyway, as well as altering the network id's so that they don't reveal the specific ro...
by DetroitRick
Tue May 29, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 3930

Re: Do you have a monthly household budget?

Yes. I always have, but with varying levels of precision over my life (since around age 16, I think) . My primary budget development tool is now Quicken (because that's where my history is), supplemented by Excel (for what-ifs and special planning). Performance monitoring vs. budget - all Quicken, b...
by DetroitRick
Sat May 26, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are our funds in online platforms?
Replies: 15
Views: 2000

Re: How safe are our funds in online platforms?

Even if I was willing to forgo online convenience, which I am not, it just eliminates one point of access anyway. Your info at your bank, brokerage and everywhere else still is hackable. Just because you don't set up an online account doesn't remove all risk to your accounts. Plus you lose the capab...
by DetroitRick
Fri May 25, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 64
Views: 5737

Re: Alexa Echo sent family's audio file to a contact

As lthenderson said previously, this is a total fluff piece. Designed to elicit fear and shock among people that don't understand the operational basics of the device, and degree of control over that device that we have. A few things these frothing articles omit - for this to happen: commands have t...
by DetroitRick
Fri May 25, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: When did this start?? [Restaurant tipping on total bill]
Replies: 58
Views: 3874

Re: When did this start??

Like others have said, it's just there for the convenience of the math-challenged public. I wouldn't read anything more into it or feel one ounce of pressure. As far as tipping on tax, I do - I'm just not going to parse the bill. We feel the same as DragonJoey3 says above - tipping can be fun. My wa...
by DetroitRick
Thu May 24, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Alternatives
Replies: 10
Views: 862

Re: Quicken Alternatives

Bear in mind - if tracking cost basis is critical for you in a taxable account, as far as I know Quicken does not handle the covered/non-covered share cost issue (bifurcation) correctly. Assuming, of course, that your holdings are mutual funds, your cost method is average cost, and you do partial po...
by DetroitRick
Wed May 23, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Quicken - Do you use it?
Replies: 50
Views: 2605

Re: Quicken - Do you use it?

I use it, and very much like it. I've been a user since 1997, and used several predecessor software packages before that. I'm not sure I would have always said this, but for years now I have found it easy-to-use, stable and reliable. I use all Quicken functionality - tracking spending, budgeting, in...
by DetroitRick
Sun May 20, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Where to find movers for a couch?
Replies: 16
Views: 1213

Re: Where to find movers for a couch?

Consider joining Nextdoor.com (free, basically a neighborhood-based social media platform) for referrals from folks in your neighborhood. Especially since you are only 15 mi. away from the couch. Since this is a one-time thing, you might be able to get decent choices quickly through that portal. Dep...
by DetroitRick
Sat May 19, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Assisted Living tax deduction as medical expense
Replies: 23
Views: 1934

Re: Assisted Living tax deduction as medical expense

re your question about how we document: We get an annual letter, dated and signed, from her primary care physician. That letter documents the following details: that the subject is her patient and currently under her care, that she is "chronically ill and needs assistance to perform normal daily act...
by DetroitRick
Fri May 18, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living tax deduction as medical expense
Replies: 23
Views: 1934

Re: Assisted Living tax deduction as medical expense

We are dealing with a similar, but not identical, set of circumstances. In our case, mother-in-law is bed bound and is using a home health care service. That cost, which is assistance with personal care, can be deductible under a narrow set of circumstances (as a medical deduction to the extent it e...
by DetroitRick
Fri May 18, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Renting storage unit
Replies: 24
Views: 1825

Re: Renting storage unit

That must be some really nice stuff for what is probably $40k of costs in todays dollars. Indeed! And with as little snark as possible.......when you do pass away, what will happen to these items? I ask because when my dad passed, he had many genuine antique things that he passed along to me. Many ...
by DetroitRick
Fri May 18, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Renting storage unit
Replies: 24
Views: 1825

Re: Renting storage unit

I've been renting the same unit since mid 2003. As to your question of pricing, that is a function of the local economy, local real estate prices, local property tax, and local utility costs. So this is just one geographic data point. Prices reflect 10'x10' (not sure on height, but at least 10' as w...
by DetroitRick
Thu May 17, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 30
Views: 3438

Re: Unique Phone Apps that you find yourself using most often?

Many of these probably don't qualify as unique, but here are the ones I find most useful on my Android. I suspect this list will be forever changing... Travel: Google Driving and Maps, Google Translate, Yelp (even though reviews can be pretty poor/biased) and weather (any brand) Financial: my bank a...
by DetroitRick
Thu May 17, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: Microsoft adding stock quote functionality to Excel
Replies: 7
Views: 1876

Re: Microsoft adding stock quote functionality to Excel

Fantastic, thanks for posting this early heads up. Sounds like I want to sign up as an Office Insider now! From your links, I see that they will also include "other" financial data (wonder what all that will include...), and another new data type (geography), AND that they plan to eventually include...
by DetroitRick
Tue May 15, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Bringing individual assets into joint account
Replies: 27
Views: 1111

Re: Bringing individual assets into joint account

Opted to keep one account separate - a taxable brokerage account that pre-dates our marriage. Wife is fully aware, and concurs. Basically, she's 5 years younger, we do not live in a community property state, is sole primary beneficiary, and it will be advantageous for her to get a full step-up basis...
by DetroitRick
Tue May 15, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 8119

Re: Can a <median household save 1 year of expenses every year?

I never did, never wanted to, and am glad I didn't. Even though savings was always a big priority for me (just not THAT big). Looking back at my earnings, both above and below your $59k threshold (considering inflation), I'm pretty sure I never reached that level of savings. Not at half those earnin...
by DetroitRick
Sat May 12, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Getting Bombarded With Medicare Mailings!
Replies: 16
Views: 958

Re: Getting Bombarded With Medicare Mailings!

Your experience is common. I'm 62 and have just seen the start of Medicare-related mailings. Seminars, and lunch/dinner invitations mostly. This just adds to the senior-related mailings I have been getting since my early 50's. While the Medicare mailings seem to just be starting for me, I've gotten ...
by DetroitRick
Mon May 07, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3417

Re: When did you start drawing profits from taxable?

Over the years, I've drawn both pre and post retirement. I've always drawn profits and harvested losses based on overall wants, needs and convenience. I've not withdrawn big dollars and don't do it often, but every few years it seems. Last few years, I've tended to draw out dividends. The last coupl...
by DetroitRick
Thu May 03, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: Portfolio peepers: what do you do?
Replies: 48
Views: 4008

Re: Portfolio peepers: what do you do?

Usually I don't react. Sometimes I will, as others have mentioned, make re-balancing adjustments or tax loss harvest. For the piece of my portfolio in stocks, I usually have a list of a few positions to buy when the price seems right. So I'll act on those if I have enough conviction. It almost never...
by DetroitRick
Thu May 03, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Receiving house after parents pass away - legal issues with siblings?
Replies: 35
Views: 3470

Re: Receiving house after parents pass away - legal issues with siblings?

I was doing some estate planning over the past week, and ran across something called a Transfer on Death Instrument, that may interest you. It transfers real estate title on death. It's just a mechanism, not a true solution to your potential conflict concerns, but may still be of interest. Some stat...
by DetroitRick
Wed May 02, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4552

Re: How are you widow-proofing?

I'm not, really. Wife knows where accounts are and what is in them, and can easily access current details through Quicken or its successor. She's not going to have interest or aptitude to do anything further, and understands that when that happens she eventually will sign up with Schwab's managed ac...
by DetroitRick
Tue May 01, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: What Android browser do you use?
Replies: 44
Views: 2693

Re: What Android browser do you use?

Chrome only. Unlike with pc's (where I use Chrome, Edge and Firefox), on Android I'm mostly connecting via apps anyway. So I have lower browser usage and don't experiment with alternatives much. Even on my Kindle Fire tablet, using Silk (which I don't particularly like), I just put up with it becaus...
by DetroitRick
Sat Apr 28, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: CD ladder in IRA??
Replies: 12
Views: 964

Re: CD ladder in IRA??

OP, I totally agree with you at the moment. It's a judgement call of course - whether the risk premium for longer term instruments is "worth it" today. I weigh all that against my personal judgement on inflation risk and the (un?)likelihood of lower rates in on renewal. And I've definitely chosen to...
by DetroitRick
Fri Apr 27, 2018 7:59 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11105

Re: Amazon to raise Prime membership in US to $119 from $99

No, it still gives me more than enough value to renew. Normally a 20% hike would send me looking for alternatives, but not in this case. We just get so much value in so many areas: prime video, prime music, Kindle-related stuff, cloud storage and photos, and 2-day shipping. We bought a prime exclusi...
by DetroitRick
Thu Apr 26, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: The Paperless Life
Replies: 45
Views: 4182

Re: The Paperless Life

I gradually moved to being paperless over a number of years. Started around 2006, fully switched over by 2010. It's great - easier to find things, and my filing cabinet isn't choked with bills and statements anymore. My incentive was convenience and space, but we also (neighborhood-wide) were experi...
by DetroitRick
Mon Apr 23, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Question on discount and premium treasury bonds
Replies: 4
Views: 624

Re: Question on discount and premium treasury bonds

I've been verifying my understanding on the same issue too, since I'm currently adding treasury bond positions. I stumbled on this today - a 4-page pdf from AAII Journal explaining the options for Federal taxes. As far as I can tell, it says the same thing as the IRS lays out (in IRS-speak) in Publi...
by DetroitRick
Mon Apr 23, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4244

Re: In-laws financial advisor rip off

I've been there as well. Similar situation to yours, with 3 differences - no prior scam loss, my in-laws did not think they knew much about investing at all, and they (and my wife) begged me for a year to handle it all. Bottom line, highly individual decision, and one that can't be made well without...
by DetroitRick
Sun Apr 22, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Need to cut the cable cord - is there an alternative?
Replies: 42
Views: 3348

Re: Need to cut the cable cord - is there an alternative?

There are many ways to do this, but if your living room TV has an HDMI connection, you can use pretty much any Blu-Ray player (typically under $100) to access video apps (such as Amazon Prime, Net Flix, Hulu and many more). Most (probably all) Blu-Ray players will work with ethernet and wifi. Or if ...
by DetroitRick
Fri Apr 20, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1722

Re: Applying for Social Security Online

I'm still sort of shocked that it went this smooth. On a more humorous note, I got a followup letter on Feb 13 saying that my benefit amount had been calculated incorrectly. Fortunately before I had my first stroke, I read the whole letter and found out that error was exactly $1.00 per month. Hmm.....
by DetroitRick
Fri Apr 20, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1722

Re: Applying for Social Security Online

OP, I'll echo your good experience - I did the same online, and got my first payment this week too. I was prepared for the worst, but it went smooth as silk for me: Applied online Dec 6 Got email confirmation of application Dec 7, which also told me which office was working on my application Got fin...
by DetroitRick
Thu Apr 19, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2834

Re: What hedge strategies do you employ?

I incorporate a few of these strategies into my investing plan: Having assets spread across traditional IRA, Roth and taxable brokerage - since I can't predict either future tax policy or my own future situation (including state income tax or absence thereof) I like the diversification or hedge that...
by DetroitRick
Tue Apr 17, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: CD market values down after purchase; why?
Replies: 20
Views: 2150

Re: CD market values down after purchase; why?

I did check the Schwab website and was unable to find any secondary CDs listed. Does anyone know if Schwab shows the secondary market online and how to locate the web page? Note that you do have to be able to sign into the website to access the bond desk. After you've signed on, from the Research t...
by DetroitRick
Tue Apr 17, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: CD market values down after purchase; why?
Replies: 20
Views: 2150

Re: CD market values down after purchase; why?

OP, pretty much along the lines of what others are saying, those market values for CD's on the Schwab Market Position page are not based on an actual bid-ask price range. They are based on what Schwab calls an "evaluated price". They define that term as determined by "alternative information in addi...
by DetroitRick
Mon Apr 16, 2018 8:39 am
Forum: Personal Consumer Issues
Topic: Using DASHLANE Password Manager
Replies: 9
Views: 1369

Re: Using DASHLANE Password Manager

One possibility, since you are not receiving an email. Is there any chance that you once set up 2-factor authentication for Dashlane? If you had set it up to only be used when adding a new device to your account (as opposed to the other option - every Dashlane login) it is something you wouldn't see...