Search found 5086 matches

by aristotelian
Wed Jan 23, 2019 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Percentage of bonds to hold in taxable account
Replies: 5
Views: 252

Re: Help with Percentage of bonds to hold in taxable account

In her tax bracket, muni bonds make little sense. I would go with ITE in the taxable account. I question whether a complex slice-and-dice portfolio such as Merriman advocates would be appropriate to an elderly woman with $35K expenses. Maybe I am misreading, but she seems like the type that would va...
by aristotelian
Wed Jan 23, 2019 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 47
Views: 1351

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

Thanks for this post. You've done a good job of listing the gripes I have with Schwab, and for everyone who doubts that it can be this difficult I will vouch for your description exactly. You can't change the default for shares you already have purchased , and you can't see on your online account t...
by aristotelian
Wed Jan 23, 2019 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 47
Views: 1351

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

OK, we are talking about the same thing. However, Tax Lot Optimizer is not Spec ID. It does the same thing but automates it. You will not actually specify the shares, you have to trust Schwab to do it for you. I just checked and my account shows up the same way ("User Account Default"). That is con...
by aristotelian
Wed Jan 23, 2019 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 47
Views: 1351

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

Did you try Tax Lot Optimizer option? I don't see a Spec ID option on the form so we may be talking about different forms. You have identified another issue with Schwab that I failed to mention, and I will amend my original post to include this issue...the form that you have to fill out to change y...
by aristotelian
Wed Jan 23, 2019 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 47
Views: 1351

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

I have some old mutual funds held in my Schwab brokerage account and encountered this issue. They do allow you to use Tax Lot Optimizer which will automatically sell shares with losses first. The form you need to fill out is called Letter of Authorization to Change From or To Average Cost Basis Met...
by aristotelian
Wed Jan 23, 2019 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 47
Views: 1351

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

I have some old mutual funds held in my Schwab brokerage account and encountered this issue. They do allow you to use Tax Lot Optimizer which will automatically sell shares with losses first. The form you need to fill out is called Letter of Authorization to Change From or To Average Cost Basis Met...
by aristotelian
Wed Jan 23, 2019 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting a complex financial casserole
Replies: 11
Views: 970

Re: Inheriting a complex financial casserole

First, I would sell all of the real estate. You haven't' mentioned any interest in owning real estate long-term, so I don't see the merit of owning it short-term. If you do opt to keep the real estate, I'm not typically a fan of using LLCs for real estate. I've gotten advice from attorneys both way...
by aristotelian
Wed Jan 23, 2019 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Schwab does not allow specific tax lots to be selected online when selling mutual funds
Replies: 47
Views: 1351

Re: Schwab does not allow specific tax lots to be selected online when selling mutual funds

I have some old mutual funds held in my Schwab brokerage account and encountered this issue. They do allow you to use Tax Lot Optimizer which will automatically sell shares with losses first. The form you need to fill out is called Letter of Authorization to Change From or To Average Cost Basis Meth...
by aristotelian
Tue Jan 22, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: If you work in several states as a mngmt consultant, where do you file your taxes?
Replies: 18
Views: 1088

Re: If you work in several states as a mngmt consultant, where do you file your taxes?

I know baseball players are required to pay taxes for games that they work on road trips. That said, I can't imagine that Caifornia will come after you for a one week business trip.
by aristotelian
Tue Jan 22, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Websites for tax simulations?
Replies: 22
Views: 1251

Re: Websites for tax simulations?

You could try FreetaxUSA or Credit Karma. If you don't want to give them your data, make up a SS number.
by aristotelian
Tue Jan 22, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Think I forgot about insurance!
Replies: 16
Views: 1656

Re: Think I forgot about insurance!

OP, get 20 year term life. You have spouse and kids, period. 6x salary is not enough and in any case your employer could lay you off or go out of business.
by aristotelian
Mon Jan 21, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: What is the evidence against slice and dice?
Replies: 78
Views: 8110

Re: What is the evidence against slice and dice?

Is the portfoliovisualizer data net of fees? You can get total stock market for free but the more slices you add, the higher your expense will be.

The biggest risk is behavioral risk that you won't buy slices when they are down or sell when they are up.
by aristotelian
Mon Jan 21, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: "Buy term life because it is cheap"
Replies: 21
Views: 2632

Re: "Buy term life because it is cheap"

I am early 30's. I am looking for a 2+ mill dollar policy (1.5m x 20 and 1 m x 30). The 30 year term is probably the reason. That puts the end of the term in your early 60s, which dramatically increases the pool risk (i.e. costs) for the insurance company. The idea is to grow is your portfolio to t...
by aristotelian
Mon Jan 21, 2019 8:53 am
Forum: Investing - Theory, News & General
Topic: Was the great bond bull market just plain bull?
Replies: 18
Views: 2439

Re: Was the great bond bull market just plain bull?

Agreed. Rising rates are bad for owners of current bonds but good fir buyers if new bonds. A whole decade of low interest rates is not great for bond investors, except to the extent it implies low inflation.
by aristotelian
Sun Jan 20, 2019 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Jettison QSPIX?
Replies: 26
Views: 1538

Re: Jettison QSPIX?

Personally I do not believe in going down with a sinking ship just because you thought something was a good idea at the time. If you would not buy the fund today with free cash, then you should not stay in it out of inertia. Going forward, commit to an IPS and stick with it. For transparency, I do n...
by aristotelian
Sun Jan 20, 2019 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional, what is it, and death of spouse
Replies: 22
Views: 3062

Re: TIAA Traditional, what is it, and death of spouse

Thanks--there is an option now for my mom to withdraw it all. Or she can do a partial lump sum withdrawal or no lump sum withdrawal and still keep the rest as an IRA with RMD (either make it her own or a beneficiary account or a roll over). If the money would be lost if she passes, then it would be...
by aristotelian
Sun Jan 20, 2019 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional, what is it, and death of spouse
Replies: 22
Views: 3062

Re: TIAA Traditional, what is it, and death of spouse

Hello--yes, my dad had been withdrawing with monthly distributions for many years. He was 87 when he passed. My mom is 78. He was able to withdraw principal since he withdrew about 45K early this year. The first TIAA representative (who was not very helpful) did say that the account had matured. So...
by aristotelian
Sun Jan 20, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8219

Re: Divorce w/child. Spouse wants to move.

I read the question as how much should I get paid to move? Kind of reads like how much will you pay me to continue to see my child? Without knowing the rest of the situation this is really a crappy selfish kind of thing to ask. Regardless, not enough info. I'd suggest professional legal advice. Rat...
by aristotelian
Sun Jan 20, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: Why is index investing better than other quantitative strategies?
Replies: 38
Views: 3545

Re: Why is index investing better than other quantitative strategies?

The idea behind index investing is not to increase expected returns. The idea is to get the same expected return as stock picking but with maximum diversification and lowest cost. It seems to work in that the performance of actively managed funds is generally worse, particularly when evaluated net-o...
by aristotelian
Sun Jan 20, 2019 5:40 am
Forum: Investing - Help with Personal Investments
Topic: Using 529 for retirement rather than just education?
Replies: 16
Views: 1708

Re: Using 529 for retirement rather than just education?

This would only be true if you are in a state with massively high taxes and you plan to have zero state tax in retirement. There is no federal deduction, so aside from state tax you would be better off just saving in taxable.
by aristotelian
Sat Jan 19, 2019 11:44 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3577

Re: How much money does one need to setup a private S&P 500 fund?

Will hit it on the head. The fund is free in the sense that most logical people use the meaning and arguing otherwise is just plain silly. In the sense of the Zero funds being free in isolation, I totally agree. And if you are a penny pinching Boglehead who is also sign-on bonus chaser who moves mo...
by aristotelian
Sat Jan 19, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3577

Re: How much money does one need to setup a private S&P 500 fund?

If you have the time to invest, I think it's a cool idea (not that I would recommend it). You would have hundreds of opportunities to harvest tax losses. You could do it through Robinhood and pay no fees (as long as they stay in business). One consideration in setting it up would be a big enough num...
by aristotelian
Sat Jan 19, 2019 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 128
Views: 8219

Re: Divorce w/child. Spouse wants to move.

The child is only 2 years old, a couple years away from starting school. I am fairly certain that ex has no legal right to move to southwest city with child. I would do what I could though to make her happy to move to that city. I would just want a larger chunk of assets, to make up for the fact th...
by aristotelian
Sat Jan 19, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card for International Travel
Replies: 51
Views: 3078

Re: Best Credit Card for International Travel

+1 for Cap One Quicksilver. Great all purpose card. I also just picked up Barclay Arrival+. If you don't mind canceling in a year, the annual fee is waived for the first year. 70,000 points ($700) for $5K spending in the first 3 months, plus 2 points per dollar spent and 5% miles back when redeemed....
by aristotelian
Sat Jan 19, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 112
Views: 6646

Re: What does 20% extra of portfolio allocated to equities get you?

After all this time hearing discussion about it, I still fail to see why the efficient frontier should matter at all to the retail investor. You can't 'eat' a risk-adjusted return, only a real one. What does it matter if your risk-adjusted return was very high but your real returns were insufficien...
by aristotelian
Sat Jan 19, 2019 6:38 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 112
Views: 6646

Re: What does 20% extra of portfolio allocated to equities get you?

KlangFool wrote:
Sat Jan 19, 2019 6:21 pm
aristotelian,

Yes, but a person needs to have enough fixed income and the emergency fund to survive short-term employment in a recession. Or else, the person may not survive long enough for the long-term return to show up.

KlangFool
Don't get me wrong. I am close to 30% in bonds and cash.
by aristotelian
Sat Jan 19, 2019 6:21 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 112
Views: 6646

Re: What does 20% extra of portfolio allocated to equities get you?

staythecourse, aristotelian, Excellent points, thank you for clarifying! This is very well explained in several of Jack's books with data/simulations regarding ERs and returns and it is certainly a huge difference compounded over time. Once one is at lowest ER as possible with additional 0.8%-2.2% ...
by aristotelian
Sat Jan 19, 2019 6:17 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 112
Views: 6646

Re: What does 20% extra of portfolio allocated to equities get you?

arcticpineapplecorp, I am doing a lousy job explaining this. I need to go back to find the research material on the efficient frontier. KlangFool Klangfool, I believe the EF research is about getting a disproportionate reduction in volatility . I don't think it denies that you get lower long term r...
by aristotelian
Sat Jan 19, 2019 4:46 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 112
Views: 6646

Re: What does 20% extra of portfolio allocated to equities get you?

I find this data fascinating on the percentage of equities against performance and how much risk one is taking. If I am reading the numbers correctly, most people need to be more conservative and not take as much risk for a 0.8%-2.2% increased return for every 20% on equities? 2% doesn't sound like...
by aristotelian
Sat Jan 19, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Bank: ongoing bad experience
Replies: 12
Views: 1159

Re: HSA Bank: ongoing bad experience

Yes, but undercontributing by the same amount next year is the same as removal, so that would be an easy fix. Is that documented somewhere, like Publication 969? I don't remember seeing anything like that, but it's a big .pdf, too... If he wants someone to calculate the earnings for him, I would su...
by aristotelian
Sat Jan 19, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Bank: ongoing bad experience
Replies: 12
Views: 1159

Re: HSA Bank: ongoing bad experience

The excise tax on an over-contribution is 6% or $30.00. This may be a case where spending the $30 is worth avoiding all the aggravation. https://www.wageworks.com/employees/support-center/support-and-faq/healthcare/hsa/what-happens-if-i-contribute-to-my-hsa-more-than-the-maximum-annual-limit-that-t...
by aristotelian
Sat Jan 19, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 7273

Re: The NY Times calls us a cult but in a good way

I am okay with "cultlike in their devotion". I would vehemently reject "cultists" with Bogle the "spiritual leader of their financial lives." I have much respect, gratitude, and admiration for Mr. Bogle but there is nothing spiritual about it.
by aristotelian
Fri Jan 18, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7059

Re: Should I buy a house in the Bay area or give up?

Why do you want to buy a house? I'm scared that house prices in the Bay area will keep rising and be out of my reach forever. So my thought is lock in a house now or in the near future to avoid being priced out forever This is a phenomenon referred to as "Fear of Missing Out". It has caused countle...
by aristotelian
Fri Jan 18, 2019 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 38
Views: 2987

Re: Should I dump our wealth planner/financial advisor?

You may have needed their help in the past and benefited from it. Maybe not, in which case it is a sunk cost. The only question is what you want to do with your money now . If you had $1M cash right now, would you pay $10,000 annually to have them manage it for you? If the answer is no, then the onl...
by aristotelian
Fri Jan 18, 2019 2:10 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 157
Views: 5744

Re: My trend following strategy and experience

I don't get the logic of trend following. If you were to time the market, wouldn't you want to get out at the peak, when the market is still trending up, instead of when the market has already started going down? ... Both Paul Merriman and Meb Faber use a trend following system ... I have talked ex...
by aristotelian
Fri Jan 18, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 157
Views: 5744

Re: My trend following strategy and experience

I don't get the logic of trend following. If you were to time the market, wouldn't you want to get out at the peak, when the market is still trending up, instead of when the market has already started going down? Personally, if I were to time the market, I would be more inclined to look at valuation...
by aristotelian
Fri Jan 18, 2019 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options are bad...options?
Replies: 11
Views: 458

Re: Wife's 401k investment options are bad...options?

You definitely want to do the 457. 457 is even better than 403b because you can access the funds without penalty. I would only do the wife's 401k if she is getting a match, otherwise max your plans first.
by aristotelian
Fri Jan 18, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10165
Views: 1790175

Re: U.S. stocks in free fall

Since we didn't [quite] see a recession during the Christmas Crash, does that mean the Longest Bull Market Ever is ongoing? The reports said "Well, it looks like the BM is over, unless | but | if ..." The bears will say "That wasn't a bear market. We are in the longest bull market in history and it...
by aristotelian
Fri Jan 18, 2019 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Where Do HSAs Fit in Asset Location?
Replies: 48
Views: 2792

Re: Where Do HSAs Fit in Asset Location?

I have been putting my HSA entirely in bonds. My reasoning is that if my HSA account value exceeds out of pocket medical costs, then the excess will be taxed at ordinary rates, so it makes the most sense to put low-return, tax-inefficient assets in the HSA, especially since I have reason to hope th...
by aristotelian
Fri Jan 18, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 147
Views: 6917

Re: 2019 Hedge Fund Contest

Is a loss of over 100% a bust out? Or do we assume unlimited helicopter angel money? I want to see how low it can go. https://www.reddit.com/r/wallstreetbets/comments/agovgl/only_invest_what_you_can_afford_to_lose_they_said/ warning, this subreddit is not for the faint of heart; however, this perso...
by aristotelian
Fri Jan 18, 2019 8:55 am
Forum: Investing - Theory, News & General
Topic: Bogle "5% Gold"
Replies: 78
Views: 7483

Re: Bogle "5% Gold"

The physical gold we hold is just for 'insurance against the unknown'*, as David Stein puts it, not as an investment with a positive expected return. I fully anticipate that the real return will be negative in the long-term, but I'm okay with that in such a small portion of our overall net worth (a...
by aristotelian
Thu Jan 17, 2019 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: 57 yr old w/$14K
Replies: 24
Views: 3613

Re: 57 yr old w/$14K

Even setting aside fees, going to a broker is a poor choice. He should set aside that money in a simple savings account and keep it for a rainy day when he will surely need it. He is not in a position to invest in stocks, and no broker in the world is going to turn $14K into enough money for him to ...
by aristotelian
Thu Jan 17, 2019 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - Did I screw up?
Replies: 6
Views: 520

Re: Backdoor Roth IRA - Did I screw up?

azianbob wrote:
Thu Jan 17, 2019 1:23 pm
Can't you just convert the TIRA to Roth as well and only be taxed on that portion and still not have to pay tax on the $5,500?
He could, but that would be a huge tax hit if it was a big 401k.
by aristotelian
Thu Jan 17, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: my review of my HSA with Saturna brokerage
Replies: 167
Views: 44932

Re: my review of my HSA with Saturna brokerage

The in kind transfer posted today. 100% of VTSAX that was held at Saturna is still 100% VTSAX in the Fidelity HSA. I want to convert this from VTSAX to FZROX sometime today. Have never converted shares on Fidelity's site before, I'm sure it's easy. Anyone have any quick tips to do it? I obviously w...
by aristotelian
Wed Jan 16, 2019 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16130

Re: Why are your NOT buying rental properties?

I discount that return for concentration risk and illiquidity. In my city, market rents are barely enough to cover taxes, insurance and maintenance. Would be cash flow negative with a mortgage on it. And 4% appreciation is optimistic for 18 years. It's happened in some markets but can't bank on it....
by aristotelian
Wed Jan 16, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 147
Views: 6917

Re: 2019 Hedge Fund Contest

whodidntante wrote:
Wed Jan 16, 2019 1:51 pm
Is a loss of over 100% a bust out? Or do we assume unlimited helicopter angel money?
I want to see how low it can go.
by aristotelian
Wed Jan 16, 2019 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: stuck forever in alternative funds after tax loss harvesting?
Replies: 12
Views: 635

Re: stuck forever in alternative funds after tax loss harvesting?

What do you have against SCHB and SCHF? Maybe my only beef with SCHF is that it doesn't have diversification into emerging markets from what I read: "If you’re an emerging markets or BRICS fan, SCHF isn’t for you." https://investorplace.com/2014/08/international-etfs/ I see. Well, at least you can ...
by aristotelian
Wed Jan 16, 2019 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Overcontributed to 401k, now what?
Replies: 8
Views: 874

Re: Overcontributed to 401k, now what?

Great now another curve ball. Vanguard is now telling me *their* system is showing $54,900+ contributed in 2018 on their backend system, but my interface on the Vanguard website is showing $55,100+ contributed in 2018. So the question is... did I overcontribute in 2018? Which begs the question, how...
by aristotelian
Wed Jan 16, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: Netflix Recommendations
Replies: 39
Views: 2835

Re: Netflix Recommendations

mindgap wrote:
Wed Jan 16, 2019 12:24 pm
Gomorrah - awesome show
I loved this show! You might like La Casa del Papel (Money Heist).