Search found 978 matches

by retiringwhen
Tue Apr 23, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Trust investment choices for a difficult beneficiary
Replies: 112
Views: 6530

Re: Trust investment choices for a difficult beneficiary

An in law's parents died over ten years ago, multiple siblings inherited their childhood home and they have allowed the ne'er do well sibling to live there, rent-free, for all these years. Why? None of the rest of the kids ever want that sibling to show up on their doorstep, homeless. It's really r...
by retiringwhen
Mon Apr 22, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Variance Risk Premium Evidence
Replies: 59
Views: 1832

Re: Larry Swedroe: Variance Risk Premium Evidence

One aspect worth checking before buying is that I suspect that a holding like this could be troublesome for an executor trying to liquidate an estate. Try over 2 years, multiple rounds with the IRS and the State of NJ, accountants, lawyers, etc. and the position in a hedge fund with those restricti...
by retiringwhen
Mon Apr 22, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Suddenly, even lower opinion of financial planners/money managers
Replies: 67
Views: 5294

Re: Suddenly, even lower opinion of financial planners/money managers

You’re a CPA? Then perhaps you should not use your experience to pass judgment on the difficulty of the test? No, I am neither CPA or attorney, and do not possess an accounting, finance, or law degree. For what it's worth, my fall/winter "on a whim" project will be to qualify for and sit for the CP...
by retiringwhen
Sat Apr 20, 2019 7:06 am
Forum: Personal Investments
Topic: Fun with FIRECalc
Replies: 20
Views: 1539

Re: Fun with FIRECalc

ERN's google sheet is great to look at how different outcomes vs. different starting points look. If you are spreadsheet savvy, this is a very very powerful tool to get more insight into similar analysis to Firecalc. I particularly like his chart on the Cash Flow Assist tab as it puts the whole conc...
by retiringwhen
Sat Apr 20, 2019 6:32 am
Forum: Personal Investments
Topic: Change VSMPX for VIIIX in my 401k?
Replies: 3
Views: 205

Re: Change VSMPX for VIIIX in my 401k?

I was reviewing all of the options available in my 401k today and noticed VIIIX. I'm not sure why I didn't notice it before. After reading a little about it, I'm left wondering if I should convert the US stock part of my 401k ($86,000 in VSMPX is currently about 63% of my 401k). They seem very simi...
by retiringwhen
Thu Apr 18, 2019 4:36 pm
Forum: Investing - Theory, News & General
Topic: Barry Ritholtz podcast with Bill Bernstein
Replies: 2
Views: 796

Re: Barry Ritholtz podcast with Bill Bernstein

This is a very enjoyable podcast if you are Bill Bernstein fan. He is pretty free to range across a wide range of topics.
by retiringwhen
Thu Apr 18, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Hedge Fund Performance Update
Replies: 2
Views: 429

Re: Larry Swedroe: Hedge Fund Performance Update

My FIL passed away several years ago with a significant minority portion of his estate invested in a hedge fund. The tax, legal, accounting, tax-accounting and just overall pain in the behind is another reason to stay away. What probably would take 20 minutes effort to liquidate VTSAX turned into li...
by retiringwhen
Sun Apr 14, 2019 2:59 pm
Forum: Personal Investments
Topic: Strategies for dealing with blackout period during rollover
Replies: 6
Views: 335

Re: Strategies for dealing with blackout period during rollover

Depends on how much you have in the 401(k). You can consider the cash in the rollover to be fixed income and reallocate the 401(k) to accommodate that if you have enough. Or get as close as you can. +1 - i did something similar, moved a Rollover IRA at Vanguard into my Vanguard 401(K). I converted ...
by retiringwhen
Fri Apr 12, 2019 8:01 am
Forum: Personal Investments
Topic: Opening a IRA at ages 64
Replies: 20
Views: 1410

Re: Opening a IRA at ages 64

I owe almost $4000.00 to fed and the H&R rep said I could open IRA's for me and my wife and reduce that amount for 2018. The money would come from low paying savings. Do you think this is an advantage at our ages? Why not. Tax savings in hand is hard to beat especially if you can keep your AA the s...
by retiringwhen
Thu Apr 04, 2019 3:03 pm
Forum: Investing - Theory, News & General
Topic: The man behind the S&P 500 is retiring
Replies: 4
Views: 1136

Re: The man behind the S&P 500 is retiring

Rick, your interview made him known to me for the first time. I really enjoyed and learned a lot from the interview! thanks again.
by retiringwhen
Thu Apr 04, 2019 10:05 am
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2317

Re: Best new brokerage account bonuses- Offer Vanguard??

All Bogleheads live in Lake Wobegon, and are all above average? It is ironic, considering since being average (as in Market Average) is considered the best we can do from an indexing perspective. I personally figure if it looks too good to be true (and you don't understand the details of how someon...
by retiringwhen
Thu Apr 04, 2019 8:27 am
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

I believe Vanguard's FTSE ex US Small Cap ETF (VSS) has a negative ER due to lending revenue. The ER is 0.12%, and Vanguard has about 7% of the fund out on loan. The interest of those loans exceeds 0.12% and is paid 100% into the fund (minus expenses from the loans which are not required to be repo...
by retiringwhen
Thu Apr 04, 2019 7:57 am
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

That's very possible. Several of us were saying last year that this could easily happen. Tracking error in a fund can easily more than offset a difference in ERs between it and another. Vanguard has shown themselves to be very adept at minimizing this tracking error, and the Fidelity fund could eas...
by retiringwhen
Thu Apr 04, 2019 7:40 am
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2317

Re: Best new brokerage account bonuses- Offer Vanguard??

As I said in the mini-FAQ for The Final, Definitive Thread on Brokerage Transfer Bonuses calculating the return on the investment is absolutely the WRONG way to do it. You use investments so that they work as hard as ever and give you the same return as they would at Vanguard or anywhere else. The ...
by retiringwhen
Wed Apr 03, 2019 7:50 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

Can anyone tell me why FZROX is trailing VTSAX YTD in total returns (per M*)? FZROX: 15.38 VTSAX: 15.64 http://i66.tinypic.com/10einok.png One return is likely current and one is a day behind on M* Yes looking at Fidelity and Vanguard sites, Fidelity is one day behind on morningstar (and not yet fu...
by retiringwhen
Wed Apr 03, 2019 5:57 pm
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2317

Re: Best new brokerage account bonuses- Offer Vanguard??

You better not let any dividends, or other cash set in their settlement accounts at all or you'll lose that much in interest you would have gotten in a Vanguard brokerage and/or re-investing directly. That's way overblown. Even if you had $5000 sitting around in cash (why would you?) then the diffe...
by retiringwhen
Wed Apr 03, 2019 5:46 pm
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2317

Re: Best new brokerage account bonuses- Offer Vanguard??

Hello all, I noticed plenty of excellent new brokerage account bonuses such as $300-$600 just for signing on. I’d like to put $150,000 in the Vanguard VUSXX fund however Vanguard offers no registration bonus. Why should I stick my money in Vanguard while many other places will pay me for joining th...
by retiringwhen
Wed Apr 03, 2019 5:36 pm
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2317

Re: Best new brokerage account bonuses- Offer Vanguard??

Hello all, I noticed plenty of excellent new brokerage account bonuses such as $300-$600 just for signing on. I’d like to put $150,000 in the Vanguard VUSXX fund however Vanguard offers no registration bonus. Why should I stick my money in Vanguard while many other places will pay me for joining th...
by retiringwhen
Wed Apr 03, 2019 1:46 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

whodidntante wrote:
Wed Apr 03, 2019 1:40 pm
donaldfair71 wrote:
Wed Apr 03, 2019 12:55 pm
Why didn't they make this a a share class of the already-existent total market fund?
Index licensing fees.
the could have easily changed index on the fund, Vanguard has done this several time for just this reason.
by retiringwhen
Wed Apr 03, 2019 1:45 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

MittensMoney wrote:
Wed Apr 03, 2019 1:43 pm
People seem to be completely unaware of Bid-Ask spreads, you can drive the Expense Ratio to zero and still make money there.
that would show up with tracking error though in the end, wouldn't it?
by retiringwhen
Wed Apr 03, 2019 1:41 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

Why didn't they make this a a share class of the already-existent total market fund? because that would not have been in the interest of bringing in new customers (see this is a marketing gimmick). It would have just lowered fee extraction on existing customers. I am guessing that folks in retireme...
by retiringwhen
Wed Apr 03, 2019 12:23 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

Keep in mind that Vanguard, Schwab, and Fidelity had already driven index fund costs very low prior to Fidelity making this move. For example, the expense ratio for Vanguard Total Stock Market Index (VTSAX) is only .04%. On an investment of $50,000 in the Fidelity Zero fund instead of VTSAX, you sa...
by retiringwhen
Wed Apr 03, 2019 12:18 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

Hint: compare expense ratios on money market funds, bond funds and active funds at Fidelity vs. Vanguard. Same thing at almost every other brokerage. They give with one hand and take with another. you need to be very very mindful to take advantage of those discontinuities to be gain an advantage ove...
by retiringwhen
Wed Apr 03, 2019 12:00 pm
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2317

Re: Best new brokerage account bonuses- Offer Vanguard??

Based on you description above, just open an account at vanguard. It will take 15 minutes and you have the money earning a significant premium over you credit union and you are done. You could spend days looking for a bonus that turns out be not so bonusy for you... I have tried in the past and it n...
by retiringwhen
Wed Apr 03, 2019 7:43 am
Forum: Personal Investments
Topic: Mortgage as negative bond = YIKES! Should I panic?
Replies: 37
Views: 3115

Re: Mortgage as negative bond = YIKES! Should I panic?

I am in a similar situation as the OP, but not as extreme (outstanding mortgage only represents 4% of net worth and home value is about 10-12%) after receiving a windfall. My solution to the conundrum was to ask the following question: Pay off the mortgage or invest the funds available to payoff the...
by retiringwhen
Wed Apr 03, 2019 7:01 am
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2317

Re: Best new brokerage account bonuses- Offer Vanguard??

Hello all, I noticed plenty of excellent new brokerage account bonuses such as $300-$600 just for signing on. I’d like to put $150,000 in the Vanguard VUSXX fund however Vanguard offers no registration bonus. Why should I stick my money in Vanguard while many other places will pay me for joining th...
by retiringwhen
Tue Apr 02, 2019 10:14 am
Forum: Personal Investments
Topic: Fractional Shares in mutual funds
Replies: 5
Views: 357

Re: Fractional Shares in mutual funds

Is it a non-vanguard fund? did you sell the entire position? did you buy the fund at Vanguard or transfer them in from a third-party? I think all of those questions are useful to help answer the question. My guess (and only speculation) is that the funds are small/lightly held third party funds that...
by retiringwhen
Mon Apr 01, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion
Replies: 11
Views: 680

Re: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion

I have a Fidelity CMA that I use as an emergency fund. Maybe I'll just contribute to it and then use it for funding a traditional IRA before conversion. I'm trying to avoid reporting anything -- even a few cents -- of interest prior to the conversion. What is the concern with reporting a few pennie...
by retiringwhen
Sun Mar 31, 2019 8:22 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2474

Re: How ETFs use "Heartbeats" to wash-out gains

I'm not understanding something here. If the ETF hands off shares that have a high tax liability (due to low basis?) and receives shares that have a low tax liability in exchange, isn't the tax benefit that the ETF receives counterbalanced by a tax liability that the bank receives? Similarly, why w...
by retiringwhen
Sun Mar 31, 2019 8:20 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2474

Re: How ETFs use "Heartbeats" to wash-out gains

Other than the fact that it’s [legal, loophole-enabled] tax evasion, nothing sinister at all... Performing a legal activity is by definition NOT tax evasion. People do all kinds of things that other people think are wrong from a tax-theory perspective every day without any concern of being charged ...
by retiringwhen
Sun Mar 31, 2019 8:12 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2474

Re: How ETFs use "Heartbeats" to wash-out gains

This was a nice response to the BBG piece: https://www.etf.com/sections/blog/etfs-tax-fairness-advantage I agree, the author points out how the ETF model is really much more tax-fair to the retail investor thus putting the lie to much of the sinister tone of the original Bloomberg article. He does ...
by retiringwhen
Sun Mar 31, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion
Replies: 11
Views: 680

Re: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion

This was my first year doing so with Fidelity. I was able to fund the traditional IRA, convert it to a Roth, and invest the funds in the same day. With Vanguard in previous years it was much slower for me. So what kind of funding source did you use to fund the account? My 5 day delay at Fidelity wa...
by retiringwhen
Sun Mar 31, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2474

Re: How ETFs use "Heartbeats" to wash-out gains

This was a nice response to the BBG piece: https://www.etf.com/sections/blog/etfs-tax-fairness-advantage I agree, the author points out how the ETF model is really much more tax-fair to the retail investor thus putting the lie to much of the sinister tone of the original Bloomberg article. He does ...
by retiringwhen
Sun Mar 31, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: Do others dislike Vanguard's new website as much as me?
Replies: 149
Views: 10171

Re: Vanguard - Will they ever upgrade their site?

What’s wrong with Vanguard’s website? It works fine for me. My thoughts exactly. I don’t need every site for every business I work with to be perfect. I just need to be able to do what I want. The VG web site has never stopped me from doing that. [OT comment removed by admin LadyGeek] Cheers I use ...
by retiringwhen
Sun Mar 31, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion
Replies: 11
Views: 680

Re: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion

At Vanguard, I am pretty sure I have Roth Converted the money the day it arrived from the outside accounts into the traditional IRA. They would not have allowed a withdrawal, but they did allow the Roth conversion. gasdoc In the past 12 mos. I have done contributions to tIRA and "immediate" convers...
by retiringwhen
Sun Mar 31, 2019 4:54 pm
Forum: Personal Investments
Topic: Silly tIRA/backdoor Roth question
Replies: 4
Views: 245

Re: Silly tIRA/backdoor Roth question

BTW, I experienced exactly the same thing this weekend (opened new tIRA), did a conversion to Roth ASAP and was left with about $0.68 in the tIRA account on the 31st after the balance had shown zero since the conversion (10 days or so earlier). I immediately initiated a transfer/conversion of $0.68 ...
by retiringwhen
Sun Mar 31, 2019 1:25 pm
Forum: Investing - Theory, News & General
Topic: "Lies, Damned Lies, and Statistics."
Replies: 131
Views: 11263

Re: "Lies, Damned Lies, and Statistics."

"But there’s one other story that ties it all together: the exponential rate of human economic growth that occurred over the last century....For thousands of years, economic progress was largely linear and linked to population growth. " https://2oqz471sa19h3vbwa53m33yj-wpengine.netdna-ssl.com/wp-co...
by retiringwhen
Fri Mar 29, 2019 3:58 pm
Forum: Investing - Theory, News & General
Topic: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]
Replies: 64
Views: 3930

Re: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]

During accumulation, portfolio inflows absorb or offset a large portion of the sequence of returns risk. In the absence of sequence risk, diversification doesn't seem important: the savings rate matters most in early accumulation and the average expected return starts to matter more later on. This ...
by retiringwhen
Fri Mar 29, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2474

How ETFs use "Heartbeats" to wash-out gains

Linked here is an article on Bloomberg about how ETFs use essentially manufactured trades with banks to wash-out low-cost basis shares to keep from realizing gains in their normal flow (the implication being that the normal ETF Share create/destruction process is not sufficiently large to achieve th...
by retiringwhen
Thu Mar 28, 2019 9:18 pm
Forum: Investing - Theory, News & General
Topic: Schwab switching to a subscription-based FP in its digital advisory service
Replies: 22
Views: 2063

Re: Schwab switching to a subscription-based FP in its digital advisory service

Betterment and the like have done an excellent job vilifying "cash drag". Nate79 has done an excellent job analyzing the returns of fixed income portions of SIP, including "cash drag". Maybe it's as simple as comparing yield on cash and bonds or maybe it isn't. Isn't it about total return? FWIW, th...
by retiringwhen
Thu Mar 28, 2019 9:10 pm
Forum: Investing - Theory, News & General
Topic: Schwab switching to a subscription-based FP in its digital advisory service
Replies: 22
Views: 2063

Re: Schwab switching to a subscription-based FP in its digital advisory service

Wow, talk about slapping Vanguard across the face. I mean they were already lower cost that Vanguard but now they are even cheaper for those with larger accounts. The race to the bottom of costs continues. And for anyone who cares to actually do any real analysis the fixed income portion of Schwabs...
by retiringwhen
Thu Mar 28, 2019 8:36 pm
Forum: Investing - Theory, News & General
Topic: Schwab switching to a subscription-based FP in its digital advisory service
Replies: 22
Views: 2063

Re: Schwab switching to a subscription-based FP in its digital advisory service

Wow, talk about slapping Vanguard across the face. I mean they were already lower cost that Vanguard but now they are even cheaper for those with larger accounts. The race to the bottom of costs continues. And for anyone who cares to actually do any real analysis the fixed income portion of Schwabs...
by retiringwhen
Wed Mar 27, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: VUSXX interest question
Replies: 5
Views: 748

Re: VUSXX interest question

As with any Mutual Fund Money Market, the shares are pegged at $1 but in theory could break the buck, but due the gates and procedures in place, this fund is designed to avoid that possibility up to and including in very extreme cases, delaying redemptions. Just to clarify, VUSXX is a government mo...
by retiringwhen
Wed Mar 27, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: VUSXX interest question
Replies: 5
Views: 748

Re: VUSXX interest question

I am debating transferring my savings account to VUSXX fund. For those that use this fund, how is the interest paid and taxed? Is it a qualified dividend? Or is it Interest? What if I Set the account to DRIP and am buying shares for $1 and will be selling them for $1 and thus have $0 capital gains?...
by retiringwhen
Wed Mar 27, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: American Funds readily available with no loads
Replies: 30
Views: 2034

Re: American Funds readily available with no loads

gpburdell wrote:
Wed Mar 27, 2019 1:28 pm
LOL. Joined 3 days ago and 3 posts about American Funds. Go shill somewhere else
With a name like pbreit, I would have thought the poster would be shilling REITs that only invest in peanut farms :twisted:
by retiringwhen
Mon Mar 25, 2019 7:53 am
Forum: Personal Consumer Issues
Topic: Recommend a good SOCK. Yes, I said SOCK!
Replies: 77
Views: 6950

Re: Recommend a good SOCK. Yes, I said SOCK!

I picked up these Alpaca wool socks at a local fair (guy selling was an Alpaca farmer of course!) https://www.alteraalpaca.com/explore.html They are not cheap, but I have to say they are THE MOST COMFORTABLE heavy sock I have ever owned. you can wear them for days without washing (great for hiking, ...
by retiringwhen
Thu Mar 21, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Fraudulent credit balance transfer on my credit card - bank says "too bad"
Replies: 29
Views: 3866

Re: Fraudulent credit balance transfer on my credit card - bank says "too bad"

I was thinking of calling them to mention the excess credit, but I'm afraid someone there will mess it up (again) and put the original transfers back on the card :oops: They can figure it out themselves... When things go bad, the problems usually cascade..... doesn't' matter what institution, once ...
by retiringwhen
Thu Mar 21, 2019 7:59 am
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 72
Views: 8546

Re: Ready to FIRE (But Vultures Be Circling)

Full Disclosure, I have no relationship with Allan Roth whatsoever except to say hi to him once at a BH conference. Another approach is for you to take a go it alone approach with some help of a coach to get you started. Allan Roth is a well-known CFA/CFP to the BH community who works on an hourly b...
by retiringwhen
Thu Mar 21, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: "Lies, Damned Lies, and Statistics."
Replies: 131
Views: 11263

Re: "Lies, Damned Lies, and Statistics."

Looking at this discussion, it seems that the assumption being made is that it is only perhaps 100-200 years of history that is being used to generate the assumption that market returns should be positive over time. I don't think one has to look at this history at all. Instead, if one believes that...
by retiringwhen
Wed Mar 20, 2019 4:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 223
Views: 41439

Re: Vanguard Prime Money Market yield over 2.5%

ReformedSpender wrote:
Wed Mar 20, 2019 1:29 pm
Additionally, futures traders (yes, I know...) are now pricing a 47% chance of a rate CUT in 2020, up from 23% in 2020 just a few weeks ago

Image
So this is predicting that the Bond Bulls will win hold the day for at least a little longer........