Search found 2807 matches

by Thesaints
Mon Jul 15, 2019 12:36 am
Forum: Personal Investments
Topic: What asset class is gold?
Replies: 41
Views: 2637

Re: What asset class is gold?

dmcmahon wrote:
Sat Jul 13, 2019 12:14 am
I have a general class in my AA called “hard assets”.
"hard" in what sense ? Their value in dollars ain't so, for instance. Even their value in constant dollars (i.e. ex-inflation) is not fixed, and actually is rather volatile.
by Thesaints
Mon Jul 15, 2019 12:33 am
Forum: Personal Investments
Topic: Total World Stock only large cap in US part
Replies: 14
Views: 847

Re: Total World Stock only large cap in US part

I don't think this is correct according to various sources the US Stock market total capitalization is quite close to 30 Trillion, the FTSE Global All Cap index contains only about 27 Trillion (https://research.ftserussell.com/Analytics/FactSheets/temp/95b438d3-e643-458e-b35f-d0a53c31e5ed.pdf) of t...
by Thesaints
Mon Jul 15, 2019 12:28 am
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 5857

Re: Will you buy Total Bond with a negative yield?

I'll never say never. If deflation is say -5%, a government backed -1% might seem OK. But as an individual, I hope I'll always have cash as an option. Some businesses might not have that option. Yep, that's the key. A relatively small sum can be kept in cash. One million fits in a carry-on.
by Thesaints
Mon Jul 15, 2019 12:25 am
Forum: Personal Investments
Topic: Contributing to Roth IRA for my teen prior to receiving earned income
Replies: 13
Views: 1115

Re: Contributing to Roth IRA for my teen prior to receiving earned income

I'd say about 50%, as the market capitalization suggests.
by Thesaints
Sun Jul 14, 2019 7:46 pm
Forum: Personal Investments
Topic: Total World Stock only large cap in US part
Replies: 14
Views: 847

Re: Total World Stock only large cap in US part

chr wrote:
Sun Jul 14, 2019 6:38 pm
There is quite a bit of the US market missing in the total world stock funds. I was wondering if this is something to be concerned about?
The missing bit is actually very small; just a 2-3% after you factor in that half of the portfolio is in foreign stocks.
by Thesaints
Sun Jul 14, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 979

Re: How to set the basis in inherited property from life estate?

That would be county taxes in California. Regardless, whose name is the deed in ? County will tax the owner of record. If the deed was in your name, or in a trust to your benefit, I'd say there is no hope. Otherwise, what's the IRS basis in saying you were the owner ? The property was in a legal li...
by Thesaints
Sun Jul 14, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 5857

Re: Will you buy Total Bond with a negative yield?

I have never seen CD at a negative rate. Not in the US, nor in Europe.
by Thesaints
Sun Jul 14, 2019 7:22 pm
Forum: Investing - Theory, News & General
Topic: Why mutual funds are more dangerous than ETFs
Replies: 32
Views: 3419

Re: Why mutual funds are more dangerous than ETFs

You must not have read the story: Despite calm markets that day, 100 NYSE-listed stocks fell 3% or more at the open, more than any other day in 2017, according to an analysis by data firm MayStreet. Many stocks fell sharply at 9:30, then rebounded within minutes, a sign that their opening prices we...
by Thesaints
Sun Jul 14, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 979

Re: How to set the basis in inherited property from life estate?

BlueEars wrote:
Sun Jul 14, 2019 6:28 pm
That would be county taxes in California.
Regardless, whose name is the deed in ? County will tax the owner of record. If the deed was in your name, or in a trust to your benefit, I'd say there is no hope.
Otherwise, what's the IRS basis in saying you were the owner ?
by Thesaints
Sun Jul 14, 2019 7:15 pm
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 73
Views: 5857

Re: Will you buy Total Bond with a negative yield?

Why would you get <0%, when you can get a CD at 2.50% and over ?
Wall Street can't buy FDIC insured CD's, but you can. The one time small retail investors have an advantage let's not throw it away, right ?
by Thesaints
Sun Jul 14, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 979

Re: How to set the basis in inherited property from life estate?

In 2008 our attorney put this property into our trust. Not sure if that involves the deed. Trust to your benefit ? The issue is still whether it was the property itself, or a future property right, however. If the State taxed your stepmother it is pretty evident, IMO, that you were not the owner.
by Thesaints
Sun Jul 14, 2019 6:01 pm
Forum: Investing - Theory, News & General
Topic: Why mutual funds are more dangerous than ETFs
Replies: 32
Views: 3419

Re: Why mutual funds are more dangerous than ETFs

The real reason is that even the largest mammoth funds own only a small fraction of the market. For instance, Vanguard's VFIAX has a portfolio worth about 250 billions, but the S&P 500 has a 25+ trillions capitalization. That is, Vanguard owns less than 1% of the market value. Even in terms of daily...
by Thesaints
Sun Jul 14, 2019 5:17 pm
Forum: Personal Investments
Topic: Contributing to Roth IRA for my teen prior to receiving earned income
Replies: 13
Views: 1115

Re: Contributing to Roth IRA for my teen prior to receiving earned income

Hello everyone, My teen boy is starting a part time job. Can he start contributing to Roth IRA ahead with an amount equal to his projected yearly income and keeping the amount under the max allowable? Thx much in advance. Can contribute as much as he pleases, under the maximum yearly contribution. ...
by Thesaints
Sun Jul 14, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 979

Re: How to set the basis in inherited property from life estate?

She was the life tenant and I was the remainderman. The will was filed with the county. I'm not sure this answers your question. The remainderman has generally no possession, but only a future right. I mean was the deed (not the will) ever transferred to your name ? That would imply possession. In ...
by Thesaints
Sun Jul 14, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 979

Re: How to set the basis in inherited property from life estate?

I could not sell the property while she was alive. This part, if determined according to law, would suggest you did not own the house: you couldn't use it and you couldn't sell it. The best I could have done was to claim wastage and take her to court. This part, instead, suggests the opposite. Had ...
by Thesaints
Sun Jul 14, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 979

Re: How to set the basis in inherited property from life estate?

She paid the property taxes which were pretty low. Since the bill went to the property address I never saw it. But her name was listed as owner on the property in the county records (I think) and I had to call the county years ago to have them put me on their records in case she did not pay the RE ...
by Thesaints
Sun Jul 14, 2019 5:04 pm
Forum: Investing - Theory, News & General
Topic: Why mutual funds are more dangerous than ETFs
Replies: 32
Views: 3419

Re: Why mutual funds are more dangerous than ETFs

So many posts by mutual fund lovers these days. Here is a strong counterpoint: https://www.wsj.com/articles/floor-traders-clash-with-nyse-11563010201?emailToken=e9c5d9fb13f39b97bdfce3a3b90950f1SyOhWkVQHYT++eDc5S8rMUvbfTEpwH7FRfUmXpaAbt5MSMQytn73hGLqm2RnusiA6Ijn2ABjiXB3a7B86h9yxw%3D%3D&reflink=artic...
by Thesaints
Sun Jul 14, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 979

Re: How to set the basis in inherited property from life estate?

If you could have sold the house while your stepmother was alive, then it is almost but certain that you can only claim its value at your father's death as your basis. Things become a little different had you been barred from disposing of the property. In such case there could be hope that your basi...
by Thesaints
Sun Jul 14, 2019 4:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account “Your mutual funds are eligible for tax-free conversion to ETFs”
Replies: 21
Views: 2501

Re: Vanguard account “Your mutual funds are eligible for tax-free conversion to ETFs”

"at cost" doesn't mean much anyway, from the point of view of paying the least amount.
by Thesaints
Sun Jul 14, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Did rockstarfinance.com sell their domain? It's trash now.
Replies: 18
Views: 2141

Re: Did rockstarfinance.com sell their domain? It's trash now.

As if something named "rockstarfinance" could be confused with something worth of attention...
by Thesaints
Sun Jul 14, 2019 1:41 am
Forum: Personal Investments
Topic: What asset class is gold?
Replies: 41
Views: 2637

Re: What asset class is gold?

Watty wrote:
Fri Jul 12, 2019 9:10 pm
Not everything is a stock or a bond. You can easily list a dozen or more asset classes like residential real estate, commercial real estate, farm land, commodities, oil wells, collectables, cash, etc
They are all "stock-like"
by Thesaints
Sat Jul 13, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account “Your mutual funds are eligible for tax-free conversion to ETFs”
Replies: 21
Views: 2501

Re: Vanguard account “Your mutual funds are eligible for tax-free conversion to ETFs”

An ETF does not distribute capital gains, but Vanguard funds that have a corresponding ETF class, also do not distribute other than in negligible amounts. (Suggested googling: "Vanguard" and "heartbeat"). Yes, one can trade an ETF intraday and can specify a transaction price that (hopefully) will be...
by Thesaints
Fri Jul 12, 2019 12:10 am
Forum: Personal Investments
Topic: Asset Allocation
Replies: 8
Views: 960

Re: Asset Allocation

In order to have 20% of assets in stocks you would need to put another 50k in your S&P500. Pwrhapa a very low cost total stock market fund would be even better, though
by Thesaints
Fri Jul 12, 2019 12:07 am
Forum: Personal Investments
Topic: Can I put money in Roth before I earn it?
Replies: 8
Views: 1234

Re: Can I put money in Roth before I earn it?

IRS checks that you actually earned enough to contribute only at year's end (actually on April 15th to be accurate)
by Thesaints
Thu Jul 11, 2019 8:13 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 4689

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

Is it that a portfolio for staying an ultra-wealthy, or for becoming one ? PE and hedge funds only bring to the table the chance of higher returns, but they make you pay for it. RE, I believe means they directly own properties (and have people managing them in their behalf). Shares of a REIT wouldn'...
by Thesaints
Thu Jul 11, 2019 8:05 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 82
Views: 3972

Re: Automatic Watches

Those of you not interested in making a statement, but at the same time celebrating their Star Wars themed electronic watch for being off one second per month: Your cellphone always shows the exact time, therefore you don't need a watch. And you are indeed making a statement, although you might be u...
by Thesaints
Wed Jul 10, 2019 7:48 pm
Forum: Investing - Theory, News & General
Topic: Selling put options - interest paid
Replies: 16
Views: 879

Re: Selling put options - interest paid

I did not say how long it takes XYZ to go from $50 to $47. I guess one who buys individual stocks is expected to at least check the news about that company fairly regularly. Otherwise, why would they buy XYZ and not UVW ?
by Thesaints
Wed Jul 10, 2019 7:45 pm
Forum: Personal Investments
Topic: Portfolio Checkup
Replies: 56
Views: 3396

Re: Portfolio Checkup

peterwantstosave wrote:
Wed Jul 10, 2019 8:43 am
I want 100% US Stocks for ease of success across accounts.
You mean "access" ??

Why would you "thinker" more with global stocks ? Which "thinkering" do you have in mind ?
by Thesaints
Wed Jul 10, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Pay with Benefits to without
Replies: 8
Views: 724

Re: Comparing Pay with Benefits to without

1. How does one compare a job with salary and much better benefits to another job that is hourly with almost no benefits? Not straightforward. There are benefits that have no value for you, so it is not simply "the market value of benefits" however that can be estimated. For instance, you can have ...
by Thesaints
Wed Jul 10, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to deposit Euros to a US Bank
Replies: 36
Views: 2240

Re: Best way to deposit Euros to a US Bank

whodidntante wrote:
Wed Jul 10, 2019 7:10 pm
BoA will give you a quote online. It's accurate.
https://www.bankofamerica.com/foreign-e ... e-rates.go
BoA is going to charge you about $639 for the conversion through the spread.
Woe! That's more than 5% on the € !!
by Thesaints
Wed Jul 10, 2019 3:38 pm
Forum: Personal Investments
Topic: How to best unload shares?
Replies: 21
Views: 1014

Re: How to best unload shares?

P&G, yes. These days one sees PG&E everywhere over here...

Selling Calls would be taxed at marginal rate.
by Thesaints
Wed Jul 10, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Limit on combined retirement contribution?
Replies: 13
Views: 1013

Re: Limit on combined retirement contribution?

Perhaps you were speaking of just one employer but did not say that specifically. My answer did not assume 1 employer. Also, I too think the 457 is completely separate and I'm not even sure there is a $56k limit on 457 plans. Limit on 457 is the same as on 403, but they are not included in the 56k ...
by Thesaints
Wed Jul 10, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: Retiring Early Correlates with Greater Longevity ?
Replies: 47
Views: 4581

Re: Retiring Early Correlates with Greater Longevity ?

JoeRetire wrote:
Wed Jul 10, 2019 5:37 am
There's a brand new study that demonstrates how early retirement correlates with larger homes, increased numbers of convertibles, and significant increases in travel mile points.
Not for FIRE acolytes, though.
by Thesaints
Wed Jul 10, 2019 1:05 pm
Forum: Personal Investments
Topic: VOO vs bonds
Replies: 62
Views: 2879

Re: VOO vs bonds

owenmia wrote:
Wed Jul 10, 2019 10:40 am
I am going to stick with VOO because there is a chance it will do 5% or 6%
That chance is a lot smaller than stock making 6%/yr.

You've gotta ask yourself if 4% is good for you, in which case, sure take VOO.
But if you need 6%, then stocks give you a better shot.
by Thesaints
Wed Jul 10, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Limit on combined retirement contribution?
Replies: 13
Views: 1013

Re: Limit on combined retirement contribution?

I don't think 457 is subject to that limit.
by Thesaints
Wed Jul 10, 2019 12:54 pm
Forum: Personal Investments
Topic: How to best unload shares?
Replies: 21
Views: 1014

Re: How to best unload shares?

dm200 wrote:
Wed Jul 10, 2019 12:52 pm
And all of these "nightmares" go away if donation is made to charity (or a DAF)
So does the money...
by Thesaints
Wed Jul 10, 2019 12:53 pm
Forum: Personal Investments
Topic: How to best unload shares?
Replies: 21
Views: 1014

Re: How to best unload shares?

What would be the advantage ?

Taxes are split across two years, but also receipts are.
Plus, it is PG&E we are talking about, so there is a certain dose of risk in waiting.
by Thesaints
Wed Jul 10, 2019 12:49 pm
Forum: Personal Investments
Topic: How to best unload shares?
Replies: 21
Views: 1014

Re: How to best unload shares?

Hi all, I apologize if this is a stupid question, but I'm very new to investing and am asking for a relative: A retired 63yo relative of mine inherited ~300 shares of P&G stock about 15 years ago. It's in an account at P&G which is set up to auto reinvest the dividends. He has ~430 shares now, whic...
by Thesaints
Wed Jul 10, 2019 11:30 am
Forum: Personal Investments
Topic: Early renewal Ally no-penalty CD
Replies: 2
Views: 429

Re: Early renewal Ally no-penalty CD

In principle one would continuously “early renew” as long as rates don’t go down. Ally could take exception of such practice, though...
by Thesaints
Wed Jul 10, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: EE bond doubling question
Replies: 15
Views: 1127

Re: EE bond doubling question

Btw, treasury’s savings bonds calculator says $1,000 for the july/2002 issue. Anyway, in 2002 EE Series were still floating rate bonds, so you would have to calculate for the rate changing every 6 months. Not impossible that you got to 1,002 due to rounding and that would supersede the doubling guar...
by Thesaints
Wed Jul 10, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: EE bond doubling question
Replies: 15
Views: 1127

Re: EE bond doubling question

The guarantee is to at least double. What is the rate of the bond ?
by Thesaints
Tue Jul 09, 2019 11:51 pm
Forum: Investing - Theory, News & General
Topic: Retiring Early Correlates with Greater Longevity ?
Replies: 47
Views: 4581

Re: Retiring Early Correlates with Greater Longevity ?

what's most interesting is that for high incomes men and women have almost the same life span.
by Thesaints
Tue Jul 09, 2019 11:49 pm
Forum: Investing - Theory, News & General
Topic: Selling put options - interest paid
Replies: 16
Views: 879

Re: Selling put options - interest paid

AFAIK, this is not correct. The margin requirements for an uncovered put (in a margin account) are (20% of the strike price + put premium - moneyness of the put). Some brokers will use 15% if it's an index put. This margin requirement can be satisfied with cash. So you can maintain an uncovered put...
by Thesaints
Tue Jul 09, 2019 11:30 pm
Forum: Investing - Theory, News & General
Topic: Retiring Early Correlates with Greater Longevity ?
Replies: 47
Views: 4581

Re: Retiring Early Correlates with Greater Longevity ?

I'd say a correlation with a shorter lifespan should be expected. Longer living people may, or may not, retire early. Shorter living people will all retire early.
by Thesaints
Tue Jul 09, 2019 8:51 pm
Forum: Investing - Theory, News & General
Topic: Selling put options - interest paid
Replies: 16
Views: 879

Re: Selling put options - interest paid

To be sure, with margin account, so for the time the option is sold but not exercised, no money is borrowed so no interest paid. Is that correct? Yes. With NO margin account, which is my current situation. The amount $ for the option (strike * 100) is blocked since the beginning as cash. I am tryin...
by Thesaints
Tue Jul 09, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13496

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Will 20% savings rate towards retirement starting in my mid 20s allow me to retire early in my 40s, 50s, or on time at 60? It's a start. It's a step to the right direction. But if you want to retire early and do it on your term, you gotta get after it. Increase your pay, make good decisions on hous...
by Thesaints
Tue Jul 09, 2019 8:34 pm
Forum: Investing - Theory, News & General
Topic: Selling put options - interest paid
Replies: 16
Views: 879

Re: Selling put options - interest paid

A put option is another way to enter an out of the money limit order. You decide that you would like to buy this stock, if it falls by a certain amount. Unlike a limit order, you collect a small premium for writing the order. Ralph They are quite different situations. XYZ trades at $50 A enters a l...
by Thesaints
Tue Jul 09, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Selling put options - interest paid
Replies: 16
Views: 879

Re: Selling put options - interest paid

Why would you write an option for no premium ??

Anyway, you only pay interests on borrowed amounts, not on available margin amount.
by Thesaints
Mon Jul 08, 2019 5:36 pm
Forum: Investing - Theory, News & General
Topic: Was the great bond bull market just plain bull?
Replies: 47
Views: 5142

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

Long term treasurys have more interest rate risk than intermediate. Not for long-term investors, they don't. Interest rate risk is not a function of the bond's duration but rather of the mismatch between the bond's duration and the investment horizon of the investor. For a retirement cash flow whic...