Search found 1216 matches

by Geologist
Sat Jan 19, 2019 7:21 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3558

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

When the stocks pay dividends, you have to figure out how to use them to buy more of the stocks in the S&P 500 (not necessarily the stocks that paid the dividends). When stocks are dropped/added from the index, you have to arrange to buy and sell. You have to deal with other details. This takes time...
by Geologist
Sat Jan 19, 2019 5:10 pm
Forum: Investing - Theory, News & General
Topic: How much money does one need to setup a private S&P 500 fund?
Replies: 53
Views: 3558

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

I can't tell whether you're serious or not. I stated this is most likely academic because of today's low fees. Still there must be a sum where it makes sense to setup a private index fund. I like voting my shares too; one can't do that with mutual funds. Fidelity Zero Total Market Fund has 0 ER, $0...
by Geologist
Sun Jan 13, 2019 6:51 pm
Forum: Investing - Theory, News & General
Topic: Medallion Signature guarantee?
Replies: 46
Views: 4368

Re: Medallion Signature guarantee?

It can be hard to predict or control all the circumstances in which MSG’s will be needed. It is certainly convenient that Vanguard offers voice verification in lieu of MSG, but the OP was dealing with inherited assets. You may not have control over the institutions involved in an inheritance situati...
by Geologist
Sat Jan 12, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: Is snp charging too much fees for indexing? [Standard-n-Poor index]
Replies: 18
Views: 1209

Re: Is snp charging too much fees for indexing?

Perhaps you should read the annual or semi-annual report of funds you are talking about to learn more about their expenses. I don’t see how it is possible that 75% of the expenses of VFIAX or VOO go to S&P. [VOO and VFIAX are just different classes in the same fund... and there are other share class...
by Geologist
Sun Jan 06, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: Where are the Brokered CDs?
Replies: 18
Views: 1684

Re: Where are the Brokered CDs?

In my experience, there is much less available for original issue CD's when the markets are closed even when the bank supplies are "normal." You might do well to wait until the business week to look. As I mentioned earlier in this thread, there are also times when supply is lower even when the marke...
by Geologist
Mon Dec 31, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Risks of secondary muni bonds?
Replies: 15
Views: 644

Re: Risks of secondary muni bonds?

And second, you are paying for the management of the portfolio - the bond analysis, decisions on which bonds to purchase, replacing bonds that mature or are called, selling bonds prior to maturity, etc. In theory those sorts of management costs should be reflected in the ER, no? The funds we're tal...
by Geologist
Mon Dec 31, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: Risks of secondary muni bonds?
Replies: 15
Views: 644

Re: Risks of secondary muni bonds?

The distribution yield (like the SEC yield, not a match for the yield-to-maturity/worst, but surely better than looking at TDA performance charts for some unspecified past period) for Vanguard’s Limited Term Tax-Exempt Fund is running a shade over 1.93% annualized for the Oct/Nov (for Investor Share...
by Geologist
Mon Dec 31, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Risks of secondary muni bonds?
Replies: 15
Views: 644

Re: Risks of secondary muni bonds?

A couple of other thoughts. I'm not sure how you are comparing yields of your bonds to the muni bond funds. The SEC yield of a bond fund, for example, is not equivalent to a "yield to maturity or worst" of an individual bond because a fund has no maturity date. It's a snapshot of the returns of the ...
by Geologist
Mon Dec 31, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Risks of secondary muni bonds?
Replies: 15
Views: 644

Re: Risks of secondary muni bonds?

I'm a little confused. How can these be 3-5 year bonds but with next call/maturity in the 2023-2025 timeline. That timeline is a full 4-6 years out.
by Geologist
Sat Dec 29, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: E-mail from "VANGUARD MONEY MARKET RESERVES INC." - Phishing?
Replies: 15
Views: 1654

Re: E-mail from "VANGUARD MONEY MARKET RESERVES INC." - Phishing?

I didn’t say it was released “before the end of October”. I said it wasn’t released before the end of October. It is just my experience that Vanguard annual reports take about two months to appear. I also said that my hard copy has only just arrived within the last three weeks or so (it could be mor...
by Geologist
Sat Dec 29, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: E-mail from "VANGUARD MONEY MARKET RESERVES INC." - Phishing?
Replies: 15
Views: 1654

Re: E-mail from "VANGUARD MONEY MARKET RESERVES INC." - Phishing?

Catching up with my e-mails and I received the same one mentioned in these other posts on December 19,2018. I agree with the other comments that one should not click on links in e-mails for security reasons and that Vanguard is not following a good practice in sending e-mails that have clickable li...
by Geologist
Sat Dec 29, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Question about FDIC insurance
Replies: 21
Views: 1297

Re: Question about FDIC insurance

There were related FDIC-bank failures in the early 1990's (the Bank of New England alone caused the FDIC to get $3 billion from the Treasury) in addition to S&L's associated with FSLIC issues. The FDIC bank insurance fund overall had a balance of negative $7 billion in 1991. (see Chapter 6 of the "B...
by Geologist
Sat Dec 29, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Question about FDIC insurance
Replies: 21
Views: 1297

Re: Question about FDIC insurance

Before FDIC insurance was even necessary, if there was a wide-spread systemic cash run, the Federal Reserve (who can print money against loans borrowed by other banks) would step in to save the system. They would lower reserve requirements, and open up discount windows to allow banks to borrow mone...
by Geologist
Sat Dec 29, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Question about FDIC insurance
Replies: 21
Views: 1297

Re: Question about FDIC insurance

Before FDIC insurance was even necessary, if there was a wide-spread systemic cash run, the Federal Reserve (who can print money against loans borrowed by other banks) would step in to save the system. They would lower reserve requirements, and open up discount windows to allow banks to borrow mone...
by Geologist
Sat Dec 29, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Question about FDIC insurance
Replies: 21
Views: 1297

Re: Question about FDIC insurance

Refer to the Federal Deposit Insurance Act. The FDIC has a $100 billion line of credit with Treasury and can extend it up to $500 billion upon a vote from the FDIC and Federal Reserve Boards. I sleep well at night knowing my funds are protected by the full faith and credit of the United States. mw1...
by Geologist
Sat Dec 29, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Question about FDIC insurance
Replies: 21
Views: 1297

Re: Question about FDIC insurance

Before FDIC insurance was even necessary, if there was a wide-spread systemic cash run, the Federal Reserve (who can print money against loans borrowed by other banks) would step in to save the system. They would lower reserve requirements, and open up discount windows to allow banks to borrow mone...
by Geologist
Sat Dec 29, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: Fidelity beating vanguard now? switch to Fidelity?
Replies: 25
Views: 2523

Re: Fidelity beating vanguard now? switch to Fidelity?

The difference in dollars and cents in expenses between these Fidelity funds and the equivalent Vanguard funds is not worth worrying about. (Keep in mind that the total cost of 0.1% in expenses is $1/1000 in assets per year. The difference here is less than that.) Perhaps if you had multiple million...
by Geologist
Fri Dec 28, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1203

Re: QCD, RMD, and Roth conversions

The first withdrawal you make is deemed to apply to your RMD. Therefore, you can't make a Roth conversion first and take your RMD later.
by Geologist
Thu Dec 27, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Final Contribution Date
Replies: 4
Views: 366

Re: Roth IRA Final Contribution Date

Your custodian generally has a way for you to specify which tax year you are making the contribution for in the period from January 1 to April 15 and you want to be sure that you do specify or the custodian may credit the wrong year. If you have any doubts, you need to contact the custodian.
by Geologist
Thu Dec 27, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: How much of VG Prime MM (VMMXX) Dividend is exempt from state tax?
Replies: 26
Views: 1799

Re: How much of VG Prime MM (VMMXX) Dividend is exempt from state tax?

This info will not appear on the 1099-DIV for the simple reason that the IRS only permits specified information to be listed on the 1099-DIV and the percentage of income from US Govt obligations is not one of those pieces of information. Therefore, you will have to get and use the listing Vanguard w...
by Geologist
Wed Dec 26, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: help with estate issue - cost basis for treasury direct notes
Replies: 3
Views: 218

Re: help with estate issue - cost basis for treasury direct notes

When my mother died last year, the paralegal working for the law firm handling the estate wrote Treasury Direct (as with other financial institutions in which my mother had assets) to get the "official" value.
by Geologist
Wed Dec 26, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis tracking
Replies: 31
Views: 2330

Re: Cost basis tracking

I would want to keep my own records anyway even if the brokerage/mutual fund company said it was keeping them, because I don't trust them to keep them right. (For one thing, I have found they don't always get the cost basis updated correctly on inherited shares.) I have kept records in Quicken and p...
by Geologist
Wed Dec 26, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund for small donors - my experience
Replies: 49
Views: 2777

Re: Donor Advised Fund for small donors - my experience

How does the money get from the DAF to the charity? Does Schwab or Fidelity issue a paper check and mail it to the charity? Is the money electronically transferred to the charity by ACH? Is the money electronically transferred to a brokerage account at the same brokerage? How does the charity know ...
by Geologist
Tue Dec 25, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Taxation of interest/dividends in taxable: Is this the most efficient for me?
Replies: 2
Views: 286

Re: Taxation of interest/dividends in taxable: Is this the most efficient for me?

The Vanguard Intermediate-Term Tax-Exempt Fund (a national muni fund) does not generate much in the way of capital gains distributions (none in at least 6 years and probably longer: I am too lazy to look up my records this morning as I've owned this fund for nearly 20 years).
by Geologist
Tue Dec 25, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Shopping for "Fixed". Why does Vanguard list 1 Yr Treasury Yield higher than CD's??
Replies: 5
Views: 645

Re: Shopping for "Fixed". Why does Vanguard list 1 Yr Treasury Yield higher than CD's??

I see that your Vanguard listing for the Treasury 1 yr is higher than for the 2 yr (and higher than Bloomberg's listing for the 1 yr as well). However, I wouldn't depend on the CD listings when the market is closed either, particularly on a holiday. My experience is that key banks that commonly offe...
by Geologist
Tue Dec 25, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: How is Vanguard Prime Money Market earning over 2%
Replies: 29
Views: 4698

Re: How is Vanguard Prime Money Market earning over 2%

We love the simplicity of using the Vanguard Federal Money Market sweep account for cash holdings. No state taxes for this account. Well, mostly. In 2017, about 70% of the income was from US Government obligations, so 30% of the income would be subject to state taxes in many states. I'm assuming th...
by Geologist
Wed Dec 19, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Growing Concerns with Vanguard
Replies: 27
Views: 4717

Re: Growing Concerns with Vanguard

When I typed the second post about the 457b, I thought to myself, "I'm sure someone will jump on me and note I said something different just a moment ago." I have not been disappointed. Taking a tax deduction for losses in a tax-advantaged account has been discussed. See, for instance: https://www....
by Geologist
Sun Dec 16, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Was Eliminating Investor Class Shares a Mistake?
Replies: 16
Views: 2690

Re: Was Eliminating Investor Class Shares a Mistake?

When I started investing with Vanguard in 1992, the minimum was $3000 (except for STAR and perhaps one other fund; there were no target date funds then). Therefore, they effectively have been reducing the minimum as the years have gone by because inflation has occurred but the minimum has not change...
by Geologist
Wed Dec 12, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: CAP Gains Wellington
Replies: 12
Views: 1389

Re: CAP Gains Wellington

Monster99 wrote:
Tue Dec 11, 2018 6:58 pm
Could be worse, I think the Dodge and Cox stock fund (DODGX) will distribute over $11 per share - ouch!😔
Dodge and Cox Stock Fund is not really worse: its distribution is about the same percentage of NAV as Wellington.
by Geologist
Tue Dec 11, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds or CD's
Replies: 5
Views: 542

Re: Bonds or CD's

I agree that this isn't one or the other, you can have both.
by Geologist
Tue Dec 11, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Where are the Brokered CDs?
Replies: 18
Views: 1684

Re: Where are the Brokered CDs?

In my experience, there will be brief periods (a day or two) when new issue CD's become scarce. What drives this is unclear to me. In that case, you just wait a day or two and then a new supply appears.
by Geologist
Tue Nov 13, 2018 7:42 am
Forum: Investing - Theory, News & General
Topic: Vanguard investor class shares on their way out?
Replies: 88
Views: 8538

Re: Vanguard investor class shares on their way out?

Several of the US Government Bond Funds (non-index: Short-Term Treasury, Short-Term Federal, Intermediate Treasury) now have Investor Class asset bases down to the $600-800 million range. Clearly Vanguard currently feels that these are large enough to continue Investor shares.
by Geologist
Mon Nov 12, 2018 10:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investor class shares on their way out?
Replies: 88
Views: 8538

Re: Vanguard investor class shares on their way out?

Could much of the outflows could be due to the fact that SCV is drastically underperforming the S&P lately? There wasn't any outflow for ETF and admiral class shares (quite the opposite in fact) and the same pattern held for small cap and small cap growth index funds. Look at 12/31. Inflows are slo...
by Geologist
Mon Nov 12, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard investor class shares on their way out?
Replies: 88
Views: 8538

Re: Vanguard investor class shares on their way out?

In most funds (index or otherwise), the investor class has been shrinking for a number of years. Whether that means the investor class disappears altogether, I find hard to judge. In most funds, the class still has billions of dollars. As recently as the late 1990’s, this was a major size for a whol...
by Geologist
Sat Nov 10, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bond funds and Capital Gains
Replies: 11
Views: 1212

Re: Muni Bond funds and Capital Gains

Do the Municipal Bond funds like VWIUX (Vanguard Intermediate-Term Tax-Exempt Fund) generate annual capital gain as their holdings mature? I am assuming they buy the individual bonds and hold to the maturity based on the duration objectives of the fund. Since it is muni bond fund, it will be exempt...
by Geologist
Wed Nov 07, 2018 9:55 pm
Forum: Investing - Theory, News & General
Topic: Missing October Statement [Vanguard]
Replies: 12
Views: 1637

Re: Missing October Statement [Vanguard]

Well my rep stated that they only post quarterly statements unless there was activity, then they'll send it out monthly. But this doesn't make sense since my wife still got her monthly Roth statement (neither of us had any activity other than dividends). He also stated that I could change the optio...
by Geologist
Fri Oct 12, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Federal Money Market compared to Prime Money Market
Replies: 20
Views: 3382

Re: Vanguard Federal Money Market compared to Prime Money Market

Vanguard provides a sheet that lists the percentage of income for each fund, including money market funds, derived from federal debt not subject to state and local taxation each year when the 1099 is issued. This information can't be included on the 1099 because the IRS doesn't permit it, by the way...
by Geologist
Mon Sep 10, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Medallion Signature guarantee?
Replies: 46
Views: 4368

Re: Medallion Signature guarantee?

I'm assuming that the OP is settling the estate on his own. I am involved in my mother's estate now (with my brother) and each time one of us has required a medallion signature guarantee, the paralegal with the lawfirm handling the estate has dealt with it. This is one of the things that we're payin...
by Geologist
Mon Sep 03, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5994

Re: Does it make sense to invest in individual stocks if you stick to what you know?

It's a bad idea. The question you should ask is what do you know that the professionals in the market don't. The answer is NOTHING. I mean suppose you're a doctor or a surgeon. The guy actively managing the big Fidelity fund will know much less than you about drugs and stuff like that; he will hold...
by Geologist
Mon Sep 03, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Donor advised fund
Replies: 21
Views: 728

Re: Donor advised fund

Presumably the fund writes checks, but that isn't really your problem. If by "check writing ability" you mean "do you get checks to send to charities?", the answer is no. Officially, you just make recommendations and the fund itself makes the donations (by check, possibly electronically if the chari...
by Geologist
Fri Aug 17, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score mysteriously dropped
Replies: 10
Views: 1180

Re: Credit Score mysteriously dropped

What difference does it make? It sounds like you still have a very high score, anyway.
by Geologist
Tue Jul 31, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA transfer: send Certified or Regular mail
Replies: 11
Views: 654

Re: Vanguard IRA transfer: send Certified or Regular mail

I normally send regular mail, but if all you want is a tracking number, you can use a USPS flat rate envelope. It will get there in two days. I would agree with this. There have been a number of items I've needed to send to Vanguard dealing with my mother's estate and I've often used priority mail....
by Geologist
Sun Jun 10, 2018 9:20 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9730

Re: Indexing will fail investors in next decade

So, the land that UAE created, really helped lower those property values right? 8-) Rock bottom prices! The fact that some countries go through the trouble of making a tiny bit of land sort of solidifies my point. I like my odds with real estate by a mile since land is a finite commodity and they a...
by Geologist
Fri Jun 08, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: To remove coffee tea stain from mug, use QxyClean
Replies: 9
Views: 1113

Re: To remove coffee tea stain from mug, use QxyClean

I use baking soda. It's a mild abrasive plus it is ultimately soluble in water so easy to clean up. This avoids any concerns about the toxicity of cleaners too.
by Geologist
Sat Jun 02, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: TIAA commingles Roth and non-Roth retirement funds?
Replies: 14
Views: 1271

Re: TIAA commingles Roth and non-Roth retirement funds?

It is just different from what you are used to. Your quarterly statement will show pre-tax and after-tax Roth contributions and total values for each separately. (At least my quarterly statements do so.) TIAA can account for these separately within a single contract (and of course they have to do so...
by Geologist
Tue May 08, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Converting Admiral fund to ETF
Replies: 24
Views: 1868

Re: Converting Admiral fund to ETF

I tried to avoid investor shares. Even if the difference it's not that big 0.1% over the years is something In dollars, the difference is not big . For $9,999 (the maximum you could have in Investor shares without qualifying for Admiral), 0.1% extra would cost you $10 per year. For that to be signi...
by Geologist
Fri Apr 20, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Where to find call dates for bonds in Vanguard Bond Funds
Replies: 19
Views: 1353

Re: Where to find call dates for bonds in Vanguard Bond Funds

First, the duration will be shorter than the maturity date because that is the nature of duration (except for zero-coupon bonds). The duration is much shorter than maturity for the reason you mention. Second, I don't think you will be able to get the information you want. That is one of the "prices"...
by Geologist
Thu Apr 19, 2018 6:06 am
Forum: Investing - Theory, News & General
Topic: The cost of maintaining stable NAV in money market funds
Replies: 5
Views: 978

Re: The cost of maintaining stable NAV in money market funds

In the long ago (15+ years), Prime MM was rather higher than it is now. It seems to me it was up around 0.30%. I always had the impression that this was because it had to deal with all the expenses of checkwriting when it was the main money market fund.
by Geologist
Sat Apr 14, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: DAF question
Replies: 18
Views: 1482

Re: DAF question

There has been a general view that benefits that are nominal in value don’t affect the deductibility of the gift. Admission discounts may fall under that category for membership. However, as earlier posters have stated, it is the (Donor Advised) Fund that is making the donation and you are a third p...
by Geologist
Sun Apr 01, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Brokered CDs
Replies: 17
Views: 2798

Re: Brokered CDs

If you look, some banks do not offer their brokered CDs in some states. While this is a limited limitation, it will apply to some purchasers. Other explanations: 1) banks only offer a limited amount of CD principal value. As the higher yields are purchased, that tends to mean the banks offering lowe...