Search found 229 matches

by lgs88
Fri Aug 17, 2018 7:31 pm
Forum: Personal Consumer Issues
Topic: Info on Al-Farabi Kazakh National University
Replies: 28
Views: 2490

Re: Info on Al-Farabi Kazakh National University

Sounds fascinating. I’m all for undergraduates making adventurous choices. This fits the bill. That said — the American college experience can be a worthwhile one. Perhaps he would consider enrolling in an American university, then studying abroad in Kazakhstan for a full year. He could perhaps enro...
by lgs88
Tue May 29, 2018 10:44 am
Forum: Forum Issues and Administration
Topic: Analysis of Topics - Has This Ever Been Done?
Replies: 13
Views: 1705

Re: Analysis of Topics - Has This Ever Been Done?

Hello - out of curiosity, has there ever been any analysis done on the types of discussion topics written about here on BH? For example calling out key recurring themes and frequency? Interesting question, but what is the point? What exactly would be analyzed and why? Can you provide more examples ...
by lgs88
Wed Apr 25, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: 40/60 Balanced Index ?
Replies: 10
Views: 1434

Re: 40/60 Balanced Index ?

Tomd37, Consider Vanguard LifeStrategy Conservative Growth Fund -- ticker VSCGX. It is 40% stocks and 60% bonds. It does include international (both stocks and bonds), if that's a deal-killer. Another fund to consider would be the Vanguard Wellesley Fund, which is about 1/3 stocks and 2/3 bonds. lgs88
by lgs88
Fri Mar 30, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance for a 13 year old
Replies: 29
Views: 2427

Re: Inheritance for a 13 year old

Chena, This sounds like a great opportunity for an all-in-one fund. If the trustee is determined to be conservative, consider leaving the $85,000 for college in a money-market fund or certificates of deposit. Vanguard's total bond index fund is less volatile than stocks, but you can certainly lose m...
by lgs88
Thu Mar 22, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy
Replies: 15
Views: 2135

Re: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy

Unless they extend the early tender deadline, you're looking at $1,700 instead of $1,800, so if you can sell for better than 85.000, I'd definitely sell. Looking on Vanguard right now, I could sell them for $869 x 2 = $1,768. (There is an offer for 2 to 5 bonds at 86.900. I don't see anything at 89...
by lgs88
Thu Mar 22, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy
Replies: 15
Views: 2135

Re: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy

Unless they extend the early tender deadline, you're looking at $1,700 instead of $1,800, so if you can sell for better than 85.000, I'd definitely sell. Looking on Vanguard right now, I could sell them for $869 x 2 = $1,768. (There is an offer for 2 to 5 bonds at 86.900. I don't see anything at 89...
by lgs88
Thu Mar 22, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy
Replies: 15
Views: 2135

Re: Holding a junk bond of a company that's spiraling toward bankruptcy

I note from the bond price quote that it is "callable in 2021"? Is there a possibility that you would not get your money back in 2012? I.e. the actual Maturity Date is later. Because it is not certain the company will call the bond, if they are still in difficult cash flow situation. If my supposit...
by lgs88
Mon Feb 12, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy
Replies: 15
Views: 2135

Re: Holding a junk bond of a company that's spiraling toward bankruptcy

All,

Thanks for your guidance. I opted to hold onto it. Its yield yo-yos between 13 and 15 percent. Fingers crossed.

lgs88
by lgs88
Mon Jan 29, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Scotland/West Highland Way Sept. 2018
Replies: 14
Views: 1167

Re: West Highland Way Sept. 2018

Thanks for all the additional information. Yes, always respect the mountain. I've done 47 14ers in CO, Mt. Whitney, Mt. Washington, Mt. Mitchell, and Humphreys Peak. I suspect Ben Nevis is similar to Mt. Washington. Not too high, but 4,000 + feet of gain. Anyone here take the Jacobite train from Fo...
by lgs88
Thu Jan 18, 2018 1:56 am
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 2520

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

If I ultimately die before selling the FSTVX, then yes, the taxes paid on capital gains distributions is all an additional cost. OTOH, if I outlive my FSTVX shares, then I look at it more as a pay me now or pay me later situation. As others have suggested, not a big deal in the grand scheme of thin...
by lgs88
Wed Jan 17, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 2520

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

Thank you. I knew I was missing something there :) So I assume FUSVX (S&P500 Fund at Fidelity) distributes Capital Gains in the same manner as FSTVX? The only way around it is to use a Vanguard Fund (at Vanguard) or ITOT (through Fidelity)? Hiwatter, Yes, FUSVX has distributed capital gains these p...
by lgs88
Wed Jan 17, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 2520

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

Sorry, but I'm still struggling to understand how FSTVX is so tax-inefficient in a taxable account? So it pays a small-ish dividend (like most funds) and you have to pay annual tax on that...? Unless you have a massive amount of money in that one fund, how is it a big deal? I'm genuinely curious an...
by lgs88
Wed Jan 17, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 2520

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

For my part, I concluded that this wasn't worth worrying about. In the example above, long-term capital gains distribution in 2017 boosted the effective ER from 3.5 basis points to 17.5 basis points -- a cost I'm willing to pay for Fidelity's far-superior customer service. These may or may not recu...
by lgs88
Wed Jan 17, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 2520

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

I posted this about LTCG distributions in a different thread on FSTVX's tax efficiency: "[FSTVX distributed] about $0.50 per share for a fund that averaged around $70 in share price over the course of the year. Is this worth worrying about in a taxable account? My preference is for mutual funds ove...
by lgs88
Wed Jan 17, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: FSTVX - Fidelity Total Stock Index - Tax Implications
Replies: 22
Views: 2520

Re: FSTVX - Fidelity Total Stock Index - Tax Implications

I posted this about LTCG distributions in a different thread on FSTVX's tax efficiency: "[FSTVX distributed] about $0.50 per share for a fund that averaged around $70 in share price over the course of the year. Is this worth worrying about in a taxable account? My preference is for mutual funds over...
by lgs88
Fri Dec 22, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Is Fidelity total stock market fund (FSTVX) tax efficient
Replies: 30
Views: 5814

Re: Is Fidelity total stock market fund (FSTVX) tax efficient

These LTCG distributions throw a wrench in the works somewhat. Aren't capital gains distributions a sign of a fund in trouble, i.e. one that is experiencing outflows so severe that it must meet them by selling appreciated stock? I would say typically lots of distributions are a sign of management a...
by lgs88
Fri Dec 22, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Is Fidelity total stock market fund (FSTVX) tax efficient
Replies: 30
Views: 5814

Re: Is Fidelity total stock market fund (FSTVX) tax efficient

I'm bumping this thread in light of FSTVX's 2017 distributions; about $0.50 per share for a fund that averaged around $70 in share price over the course of the year. Is this worth worrying about in a taxable account? My preference is for mutual funds over ETFs, else I'd just buy VTI. A back-of-the-...
by lgs88
Thu Dec 21, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is Fidelity total stock market fund (FSTVX) tax efficient
Replies: 30
Views: 5814

Re: Is Fidelity total stock market fund (FSTVX) tax efficient

I'm bumping this thread in light of FSTVX's 2017 distributions; about $0.50 per share for a fund that averaged around $70 in share price over the course of the year. Is this worth worrying about in a taxable account? My preference is for mutual funds over ETFs, else I'd just buy VTI. A back-of-the-e...
by lgs88
Thu Dec 14, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy
Replies: 15
Views: 2135

Re: Holding a junk bond of a company that's spiraling toward bankruptcy

I'm in the industry, so I watch Frontier. They definitely have issues. On the plus side for your bond: 1. It is one of their earlier maturities. They might survive that long. I expect an effort in the next year or two to push out those early maturities. 2. It is a fairly liquid bond (see current Va...
by lgs88
Thu Dec 14, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy
Replies: 15
Views: 2135

UPDATED MARCH 22 2018: Holding a junk bond of a company that's spiraling toward bankruptcy

All, I have a small dilemma. I have a corporate bond, CUSIP 35906AAP3, of Frontier Communications. Frontier appears to be spiraling toward bankruptcy. The company's stock has lost 80% of its value in a single year; its dividend yield is nearly 27%; the bond itself is rated B3 by Moody's. This is a s...
by lgs88
Mon Dec 04, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What's wrong with Google Finance these days?
Replies: 4
Views: 846

Re: What's wrong with Google Finance these days?

"Google Finance is under renovation. As a part of this process, the Portfolios feature won't be available after mid-November 2017. To keep a copy, download your portfolio." I suspect they're overhauling it. I hope so; it is pretty obvious that a company the caliber of Google could create a tool much...
by lgs88
Sun Oct 29, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Performance of Actively Managed Account...
Replies: 16
Views: 1373

Re: Performance of Actively Managed Account...

By my reading, it looks as if he has outperformed (or matched, net of fees) the market return in the equities portion of the portfolio for every time frame except YTD. I may be misreading it, though. On the fixed income side, this is an interesting issue. He is benchmarking his performance to the Bl...
by lgs88
Mon Oct 16, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative to Vanguard PAS (dreadful service)
Replies: 16
Views: 2152

Alternative to Vanguard PAS (dreadful service)

A family member is looking for an alternative to Vanguard PAS. She is with an AUM-fee financial advisor at the moment, whose fee (75 bp) was not all that bad but whose service was poor -- unsuccessful market timing, extremely complex portfolio, and failure to communicate any sort of strategy or make...
by lgs88
Tue Oct 03, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard clients are more likely to...laugh, cuddle, etc. compared with clients of other investment firms
Replies: 2
Views: 662

Re: Vanguard clients are more likely to...laugh, cuddle, etc. compared with clients of other investment firms

Exploration of mutual interests and spending time with your kids cost money -- both in terms of the cost of the hobbies themselves and the opportunity cost of time spent not working.

This is a shot across the bow of Vanguard clients. If they want to retire early, they'd better look elsewhere!

:?
by lgs88
Tue Sep 26, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 8669

Re: Tipping question....Applebees

I'm amazed at how many people on this forum find being prompted to tip a personal affront. Think of it like the "honor box" at an unmanned roadside vegetable stand. Tipping for food/drink service is just part the social contract in the US. Violate it at will; it's probably not gonna cost you anythin...
by lgs88
Mon Sep 25, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Head-scratcher -- does Vanguard ever mistakenly charge fees?
Replies: 10
Views: 1252

Re: Head-scratcher -- does Vanguard ever mistakenly charge fees?

$6.95 is nothing really, but I wouldn't call the system integrity of Vanguard inconsequential. Maybe they accidentally charged you, or could you have mistakenly entered a buy of some non-Vanguard fund? Please post back what you find out. OK, I've figured it out -- I think. What seems to have happen...
by lgs88
Sat Sep 23, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Head-scratcher -- does Vanguard ever mistakenly charge fees?
Replies: 10
Views: 1252

Re: Head-scratcher -- does Vanguard ever mistakenly charge fees?

Steelersfan wrote:
Sat Sep 23, 2017 7:14 am
Is Vanguard your broker or are you using someone else to purchase the mutual funds? Are they ETF's or regular mutual funds?
Vanguard is my broker. It's a taxable account -- plain old boring Vanguard mutual funds.
by lgs88
Sat Sep 23, 2017 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Head-scratcher -- does Vanguard ever mistakenly charge fees?
Replies: 10
Views: 1252

Head-scratcher -- does Vanguard ever mistakenly charge fees?

Hi all, A more-or-less inconsequential inquiry that I'm trying to avoid having to call Vanguard over. Maybe you all can enlighten me. A couple of days ago, I received ~$70 in dividends from a couple of Vanguard funds. I reinvested all of that cash in VFITX (Vanguard Intermediate-Term Treasury). A da...
by lgs88
Mon Aug 07, 2017 9:33 am
Forum: Investing - Theory, News & General
Topic: VTSAX-International?
Replies: 8
Views: 1282

Re: VTSAX-International?

This line of argument wants to have it both ways. Say VTSAX/VFINX do give you indirect international exposure via their foreign business activities. If you're getting that exposure anyway, why not do it thoroughly by investing in foreign-domiciled corporations? I hear a lot of domestic-only folks ar...
by lgs88
Thu Aug 03, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: Buy EZ Pass transponder for road trip?
Replies: 45
Views: 6390

Re: Buy EZ Pass transponder for road trip?

...I am concerned that traveling through 7 or 8 states with toll roads that we may run up tolls faster than the MA EZ Pass folks will replenish my account. We will probably be driving 50 hours over a two week period in states with existing toll roads. Probably 1/3 of those 50 hours will be on "back...
by lgs88
Thu Jul 27, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: The argument for international funds?
Replies: 12
Views: 1252

Re: The argument for international funds?

Personal preference.

I rest easier knowing that my stocks are geographically diversified.
by lgs88
Mon Jul 10, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Completely New to Investing, Don't Know Where to Start
Replies: 9
Views: 878

Re: Completely New to Investing, Don't Know Where to Start

Thanks for the resources guys, I will definitely check them out. My idea with real estate had less to do with rental properties (although that interests me too) and more to do with buying vacant land and selling it to developers, leasing it to farmers or hunters, etc. I realize you have to do a lot...
by lgs88
Sat May 13, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: How much to tip movers?
Replies: 71
Views: 8135

Re: How much to tip movers?

Former mover here.

$40/mover for a day's work would be appreciated.
by lgs88
Sun May 07, 2017 4:09 am
Forum: Investing - Help with Personal Investments
Topic: Aggressive index funds
Replies: 15
Views: 2729

Re: Aggressive index funds

Livesoft, sorry for getting what you said wrong. Please elaborate on what you said about the PRIMECAP actively managed fund being taxable vs what else being non taxable. I'm just not as well versed as I'd like to be. Thanks Nicky, I suspect that what Livesoft is talking about are the tax consequenc...
by lgs88
Sat Apr 29, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Shiller: Europe's low CAPE "reflects psychology"
Replies: 17
Views: 2733

Re: Shiller: Europe's low CAPE "reflects psychology"

nedsaid wrote:...A good contrary indicator are all the threads here wondering if people should invest Internationally at all...
I think I've noticed (non-scientific survey here) a drop-off in the frequency of these threads, as VTIAX has outpaced VTSAX year-to-date.
by lgs88
Thu Apr 27, 2017 4:55 am
Forum: Investing - Help with Personal Investments
Topic: A checkup on my entire finance portfolio - am I on track?
Replies: 11
Views: 1655

Re: A checkup on my entire finance portfolio - am I on track?

I would increase your percentage for 401k withholdings. You can defer $18k a year, so you have room for a few thousand more if your income returns to its historical average. You might want to consider a muni bond fund in your taxable account given your tax rate on what is a very healthy income. Are...
by lgs88
Tue Apr 04, 2017 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 9628

Re: Is anyone decreasing % of bonds this year?

Long term bonds are still pretty volatile, though. ... Very true. My assumption is that long-term Treasuries will hold up when stocks tank. Should we enter a period of stagflation, that will likely not be the case. So in my case, I hold intermediate-term Treasuries to limit my interest rate risk. C...
by lgs88
Tue Apr 04, 2017 4:23 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 9628

Re: Is anyone decreasing % of bonds this year?

https://s13.postimg.org/l9lttvi07/Screen_Shot_2017-03-29_at_12.25.06_PM.png Portfolio 1 (blue) is 100% US stock, portfolio 2 (red) is 75% US Stock, 25% long-term treasuries. See the difference over 40 years? Me neither, hardly. It's best to look at your portfolio as one unit, rather than as a bunch...
by lgs88
Sat Apr 01, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 9628

Re: Is anyone decreasing % of bonds this year?

https://s13.postimg.org/l9lttvi07/Screen_Shot_2017-03-29_at_12.25.06_PM.png Portfolio 1 (blue) is 100% US stock, portfolio 2 (red) is 75% US Stock, 25% long-term treasuries. See the difference over 40 years? Me neither, hardly. It's best to look at your portfolio as one unit, rather than as a bunch...
by lgs88
Wed Mar 29, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6844
Views: 1494430

Re: U.S. stocks in freefall

I have nothing against bonds. I'm not arguing against holding them. I'm arguing against the misguided idea that it's good to keep some dry powder, in cash or bonds, in order to have something to buy stocks with after a crash . It might be a nice psychological crutch, but it's not going to help your...
by lgs88
Wed Mar 29, 2017 6:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6844
Views: 1494430

Re: U.S. stocks in freefall

One more reason that accumulators should include an allocation to bonds in their investment plan. Nope. Keeping bonds as "dry powder" will decrease your returns, unless you're an exceptionally skilled market timer. Bonds are good for lowering volatility, but thinking they're good to keep around as ...
by lgs88
Tue Mar 21, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: What do you expect to achieve with your Tilt?
Replies: 85
Views: 8410

Re: What do you expect to achieve with your Tilt?

I expect to achieve tracking error :D :D :D
by lgs88
Mon Mar 20, 2017 4:51 am
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 102
Views: 8798

Re: Best way to expand my vocabulary?

Read. I gently disagree with recommendation above that you focus your attention on "academic" writing -- it is often leaden and written for a specialist audience. Maybe your goal ought not be to just expand your vocabulary. Rather, you should aim to improve your English fluency. Even for us native s...
by lgs88
Sun Mar 12, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: New index fund investor
Replies: 24
Views: 2564

Re: New index fund investor

VTI = Total Stock VOO = 500 Index VBR = Small Cap Value VXUS = Total International VWO = Emerging Markets VNQ = REIT It's hard to make a recommendation without knowing the context -- your goals, whether this is in taxable or tax-advantaged, etc. etc. Have a look at the preferred format for asking th...
by lgs88
Mon Mar 06, 2017 4:37 am
Forum: Investing - Theory, News & General
Topic: Bond yields, from 1714
Replies: 20
Views: 3090

Re: Bond yields, from 1714

I strongly recommend Thomas Piketty's Capital on this topic. The coupons on gov't bonds once funded a class of rentiers; I suspect there are very few out there today living high off Treasury interest alone!
by lgs88
Sun Mar 05, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Newbie w/ $2.8M
Replies: 58
Views: 7560

Re: Portfolio Review: Newbie w/ $2.8M

The Richard Cory problem (cf. the Simon and Garfunkel song) is a real one. Money is an adjunct to life, not a life in and of itself. Sounds like the OP has got this pretty well figured out, though. Given the extent to which many in our society feel economically insecure, work can become a strictly u...
by lgs88
Sat Feb 25, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: Buffett Annual Letter 2016 [Jack Bogle is a hero]
Replies: 69
Views: 7554

Re: Buffett Annual Letter 2016

Great letter, especially on the psychology of paying top dollar for investment management. Sometimes, you only get what you DON'T pay for.
by lgs88
Thu Feb 23, 2017 6:16 am
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 6198

Re: VTIAX now has 0.11% ER

It now matches the ER of FTIPX, Fidelity's new total international fund.
by lgs88
Thu Feb 23, 2017 5:03 am
Forum: Investing - Theory, News & General
Topic: How to Rebalance with Rate Hikes Looming
Replies: 49
Views: 10545

Re: How to Rebalance with Rate Hikes Looming

I couldn't tell you what the math says -- someone will be along shortly for that -- but I will tell you that the rate hikes that the Fed has telegraphed ought to be priced into the fund's NAV. Not to mention, if you're worried about what's gonna happen to your bond fund's NAV when rates rise -- just...