Search found 89 matches

by yougotitdude
Sun Jun 21, 2020 10:32 am
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 154
Views: 19860

Re: High net worth portfolio advice

If you don't want to share, that's cool but I'm pretty close to your age and you're killing me!

Did you work at FB and get options or was this just one big, bold investment that worked out spectacularly or something else?
by yougotitdude
Wed Jun 03, 2020 1:21 pm
Forum: Personal Investments
Topic: Admiral shares for Financial Services Industry employees
Replies: 20
Views: 800

Re: Admiral shares for Financial Services Industry employees

If Vanguard won't allow you to do it, I don't see a way you would be able to do it then.
by yougotitdude
Mon May 18, 2020 7:39 pm
Forum: Non-US Investing
Topic: IBKR question regarding inactivity fees
Replies: 7
Views: 600

Re: IBKR question regarding inactivity fees

If you do the lite version, that should get rid of the inactivity fees. The downside is that the margin rates are higher on the lite level. IBKR Lite is only available to US residents and while the OP didn't state their country, this is the Non-US forum... so.... What are these "other fees" you are...
by yougotitdude
Sun May 17, 2020 7:17 pm
Forum: Non-US Investing
Topic: IBKR question regarding inactivity fees
Replies: 7
Views: 600

Re: IBKR question regarding inactivity fees

If you do the lite version, that should get rid of the inactivity fees. The downside is that the margin rates are higher on the lite level.
by yougotitdude
Fri Apr 17, 2020 8:21 am
Forum: Investing - Theory, News & General
Topic: Stimulus payment reduced by previous Roth conversion
Replies: 28
Views: 1854

Re: Stimulus payment reduced by previous Roth conversion

Do backdoor roths also count against this? On my 1040 it included the distribution but on 8708 it included them as nontaxable. Not if you do it right. You don't deduct the tIRA contribution, so there is no tax on conversion. Or minimal if you earned a few dollars interest along the way. Thanks do y...
by yougotitdude
Fri Apr 17, 2020 8:20 am
Forum: Investing - Theory, News & General
Topic: Stimulus payment reduced by previous Roth conversion
Replies: 28
Views: 1854

Re: Stimulus payment reduced by previous Roth conversion

Do backdoor roths also count against this? On my 1040 it included the distribution but on 8708 it included them as nontaxable. Do you mean form 8606? I've never heard of an 8708. The 1040 has a line for total retirement plan distributions (i.e., what is showing up on line 1 of your 1099-R forms) an...
by yougotitdude
Thu Apr 16, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: Stimulus payment reduced by previous Roth conversion
Replies: 28
Views: 1854

Re: Stimulus payment reduced by previous Roth conversion

Do backdoor roths also count against this? On my 1040 it included the distribution but on 8708 it included them as nontaxable. Not if you do it right. You don't deduct the tIRA contribution, so there is no tax on conversion. Or minimal if you earned a few dollars interest along the way. Thanks do y...
by yougotitdude
Thu Apr 16, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: Stimulus payment reduced by previous Roth conversion
Replies: 28
Views: 1854

Re: Stimulus payment reduced by previous Roth conversion

Do backdoor roths also count against this? On my 1040 it included the distribution but on 8708 it included them as nontaxable.
by yougotitdude
Thu Apr 16, 2020 2:09 pm
Forum: Investing - Theory, News & General
Topic: QQQ as a core holding
Replies: 23
Views: 2086

Re: QQQ as a core holding

While I don't think it's likely, are you okay with an 80%+ drop for a core holding? It happened between 2000-2002. It then underperfomed SPY from inception 1999-2010.
by yougotitdude
Fri Apr 03, 2020 4:04 pm
Forum: Personal Investments
Topic: Interactive Brokers - 1% Lending
Replies: 17
Views: 1339

Re: Interactive Brokers (IB) - 1% Asset Backed Lending (Margin)

NerdWallet's 0.25% discount is only on the first $100,000 of margin loan. I didn't see that anywhere, good information to have if true. Higher levels of margin are discounted for anyone with IB Pro: 1.55% (BM + 1.5%) 0 ≤ 100,000 1.05% (BM + 1%) 100,000 ≤ 1,000,000 0.75% (BM + 0.5%) > 1,000,000 http...
by yougotitdude
Fri Apr 03, 2020 1:54 pm
Forum: Personal Investments
Topic: Interactive Brokers - 1% Lending
Replies: 17
Views: 1339

Re: Interactive Brokers (IB) - 1% Asset Backed Lending (Margin)

Margin loans in any environment are higher risk, but going swimming where the sharks are? Not for me, a few points aint worth that. The RE deal either works or it doesnt. I dont want minor % points to make it win or lose. The profitability margins shouldnt be that tight. Make a careful choice . M P...
by yougotitdude
Fri Feb 14, 2020 2:01 pm
Forum: Personal Investments
Topic: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade
Replies: 51
Views: 4568

Re: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade

I use interactive brokers. The site is becoming easier to use (but still isn't as easy as most places). Margin rates are the best (roughly 3% on even low amounts). They also support IEX (which helps fight of high frequency trading). I've had both a personal account and one briefly managed by someon...
by yougotitdude
Fri Feb 14, 2020 8:35 am
Forum: Personal Investments
Topic: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade
Replies: 51
Views: 4568

Re: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade

I use interactive brokers. The site is becoming easier to use (but still isn't as easy as most places). Margin rates are the best (roughly 3% on even low amounts). They also support IEX (which helps fight of high frequency trading).
by yougotitdude
Wed Feb 05, 2020 1:48 pm
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 12
Views: 1192

Re: Fido Separately Managed Accounts

Ask the rep what he or she gets paid if you go into the SMA vs an ETF vs a mutual fund/index fund. Get specifics. Don't let them tell you it's the same...it's' not. If it's a Fido rep, they likely don't get paid directly but it counts against their goals for the year. But it's obvious that Fido rep...
by yougotitdude
Tue Feb 04, 2020 9:29 pm
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 12
Views: 1192

Re: Fido Separately Managed Accounts

Ask the rep what he or she gets paid if you go into the SMA vs an ETF vs a mutual fund/index fund. Get specifics. Don't let them tell you it's the same...it's' not.
by yougotitdude
Fri Jan 31, 2020 5:41 pm
Forum: Personal Investments
Topic: No Bonds? Late 30s, early 40s?
Replies: 61
Views: 5997

Re: No Bonds? Late 30s, early 40s?

What's the worst market draw down you've experienced? This raises a good issue. If all you've ever experienced are blue skies, it's hard to know how you'll react to a thunderstorm. I'd recommend at least 10% to 20% in bonds to reduce volatility and help you rest easier when the market does head sou...
by yougotitdude
Fri Jan 31, 2020 1:54 pm
Forum: Personal Investments
Topic: No Bonds? Late 30s, early 40s?
Replies: 61
Views: 5997

Re: No Bonds? Late 30s, early 40s?

What's the worst market draw down you've experienced?
by yougotitdude
Fri Jan 17, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 14464

Re: Realized we made a major mistake and feeling really sick.

Only if all of those poor folks at Enron held on to their options..oh wait.
by yougotitdude
Fri Jan 10, 2020 1:24 pm
Forum: Personal Investments
Topic: Thoughts on Fidelity's new low-cost personal annuity?
Replies: 14
Views: 1692

Re: Thoughts on Fidelity's new low-cost personal annuity?

I would much rather go with a straight index or one of vanguard's tax managed funds. Not locked in, tax efficient, lower cost and capital gains instead of ordinarily income.
by yougotitdude
Wed Dec 18, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is any one uncomfortable with their wealth?
Replies: 152
Views: 12293

Re: Is any one uncomfortable with their wealth?

What were they talking about this time last year?
by yougotitdude
Mon Dec 16, 2019 10:37 am
Forum: Personal Investments
Topic: Roth conversions and estimated tax payments
Replies: 35
Views: 1958

Re: Roth conversions and estimated tax payments

Hey guys, Yes, the raise came in Sept of this year so next year's income is going to higher. I figure I can convert this year while we're in the 24% for 2019. If I withhold the amount then it's subjected to the 10% early withdrawal penalty. I just heard back from payroll and the extra withholding wi...
by yougotitdude
Sat Dec 14, 2019 7:56 pm
Forum: Personal Investments
Topic: Roth conversions and estimated tax payments
Replies: 35
Views: 1958

Re: Roth conversions and estimated tax payments

Yeah with the raise we should be very close to the 110% from last year. It should be within a couple hundred dollars. Would I need to do the Form 2210 and Schedule AI with the return or if audited? Not to beat a dead horse but if you withhold more than enough from a paycheck before the end of the y...
by yougotitdude
Sat Dec 14, 2019 7:16 pm
Forum: Personal Investments
Topic: Roth conversions and estimated tax payments
Replies: 35
Views: 1958

Re: Roth conversions and estimated tax payments

The issue here is that I'm trying to avoid the underpayment penalty. I wasn't planning on doing it but with the raise, it makes more sense. Since I haven't been paying the estimated taxes, I don't want to get in trouble for only paying 1 quarter instead of spreading them out over 4 quarters. I supp...
by yougotitdude
Sat Dec 14, 2019 2:16 pm
Forum: Personal Investments
Topic: Roth conversions and estimated tax payments
Replies: 35
Views: 1958

Re: Roth conversions and estimated tax payments

My advice is not to complicate your tax life by having taxes withheld from the conversion. Find the money somewhere to pay the taxes in a timely fashion and leave the full conversion in the market from day one. I’ve been converting for the past four years. Cheers I would like to keep things simple ...
by yougotitdude
Sat Dec 14, 2019 1:58 pm
Forum: Personal Investments
Topic: Roth conversions and estimated tax payments
Replies: 35
Views: 1958

Re: Roth conversions and estimated tax payments

Thanks guys. I was thinking about having them withhold on conversion. The issue there is that since I'm under 59.5, I would be hit with the 10% early distribution penalty on the withdrawal. For math, let's say I do a $100,000 conversion and withhold 10% (this would get me to the 110% of 2018's tax d...
by yougotitdude
Sat Dec 14, 2019 9:51 am
Forum: Personal Investments
Topic: Roth conversions and estimated tax payments
Replies: 35
Views: 1958

Roth conversions and estimated tax payments

I'm looking to possibly do a roth conversion. My wife got a pretty big pay increase (unexpectedly) a couple months ago. With the increase in pay, it makes sense to do the roth conversion this year. Since we'll be bumping into a new bracket most likely. From what I understand, if you pay 110% of last...
by yougotitdude
Sat Dec 14, 2019 6:46 am
Forum: Personal Investments
Topic: WWYD? - advice needed. 41 yr old in VHCOL, FIRE? thinking of leaving high stress job.
Replies: 54
Views: 4360

Re: WWYD? - advice needed. 41 yr old in VHCOL, FIRE? thinking of leaving high stress job.

Why would you give up your health for extra money (especially when you already have more than most)?
by yougotitdude
Thu Dec 12, 2019 12:23 pm
Forum: Personal Investments
Topic: Best choices in 457
Replies: 8
Views: 665

Re: Best choices in 457

Good grief. They tack on 1.25% to the fund expenses and don't even give you the admiral share class? Whoever set this up is screwing you guys.
by yougotitdude
Sun Dec 08, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: Blue Light Blocking Glasses?
Replies: 39
Views: 3496

Re: Blue Light Blocking Glasses?

Anyone know how to get rid of blue light for TVs without wearing glasses?
by yougotitdude
Mon Nov 04, 2019 8:21 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2252
Views: 386332

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

neilpilot wrote:
Sat Nov 02, 2019 9:21 am
yougotitdude wrote:
Sat Nov 02, 2019 8:04 am
For the td offer, if you elect gift cards, items or cash, are the taxes the same?

Like if you get $1,000 in items or gift cards, I'm assuming it's the same as the $1,000 cash reward?
It is the same
Thought so. Thanks!
by yougotitdude
Sat Nov 02, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2252
Views: 386332

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For the td offer, if you elect gift cards, items or cash, are the taxes the same?

Like if you get $1,000 in items or gift cards, I'm assuming it's the same as the $1,000 cash reward?
by yougotitdude
Fri Jul 26, 2019 3:00 pm
Forum: Investing - Theory, News & General
Topic: My Fido retirement meeting pushing me to SMA
Replies: 90
Views: 8853

Re: My Fido retirement meeting pushing me to SMA

Reps are paid way, way more for SMAs than regular mutual funds. I want to say they earn about 3x from what a regular mutual trade would be but could be wrong on that. On top of this, they get a bonus if they get enough people in higher fee products over the course of the year. If they don't get a ce...
by yougotitdude
Wed Jul 10, 2019 8:14 am
Forum: Personal Investments
Topic: Locking in 50 to 80K to earn XXX bonus vs VTI - worth it?
Replies: 3
Views: 403

Re: Locking in 50 to 80K to earn XXX bonus vs VTI - worth it?

On average the market should earn more. You're looking at roughly a 2% annualized bonus. If you assume you'll get 2% in the bank, you're getting a total annualized return of 4%. Now, the 4% you'll owe taxes on but at least it's guaranteed and safe. The same can't be said about the market. If you inv...
by yougotitdude
Thu Jun 06, 2019 3:56 pm
Forum: Personal Consumer Issues
Topic: Costco or Sam's Club?
Replies: 134
Views: 10280

Re: Costco or Sam's Club?

Perhaps I'm in the cult, but Costco destroys Sam's. I got a virtually free membership to Sam's and never use it. I used it once when I first got it and then again to try to use a gift card but haven't been back since. We eat a lot of organic food and they had very little. The one plus was that it wa...
by yougotitdude
Thu May 23, 2019 6:02 am
Forum: Personal Investments
Topic: Price Improvement at Fidelity vs Vanguard vs Etrade
Replies: 11
Views: 1255

Re: Price Improvement at Fidelity vs Vanguard vs Etrade

If you really want best execution and not selling your data to HFT, Interactive Brokers is the best:

https://www.stockbrokers.com/guides/order-execution

Fidelity's website is a lot better though.
by yougotitdude
Tue May 21, 2019 11:18 am
Forum: Personal Investments
Topic: tax efficiency of VTIAX vs VXUS
Replies: 2
Views: 569

Re: tax efficiency of VTIAX vs VXUS

thanks chip. I appreciate it!
by yougotitdude
Tue May 21, 2019 11:18 am
Forum: Personal Investments
Topic: 5.5% Load 403(b) Roth vs Low Cost Taxable Account
Replies: 81
Views: 3853

Re: 5.5% Load 403(b) Roth vs Low Cost Taxable Account

How is this even legal?

I've seen loaded funds in workplace place but usually the load is waived. If that guys is making 4% on every contribution...wow!
by yougotitdude
Sun May 19, 2019 7:09 am
Forum: Personal Investments
Topic: tax efficiency of VTIAX vs VXUS
Replies: 2
Views: 569

tax efficiency of VTIAX vs VXUS

I tried to look this up on the forum but couldn't find anything but I wouldn't be surprised if I missed it. According to Morningstar VTIAX is actually more tax efficient than it's ETF VXUS. Why is that? Am I missing something? http://performance.morningstar.com/fund/tax-analysis.action?t=VXUS®ion...
by yougotitdude
Sun May 19, 2019 6:35 am
Forum: Personal Investments
Topic: Currently with Schwab private client--and decided to get out--but what to do
Replies: 16
Views: 6377

Re: Currently with Schwab private client--and decided to get out--but what to do

Sorry for the super late reply on this but for the second advisor, they are using total return against the S&P 500 per the disclosures at the bottom. The second advisor has earned their fee. They almost met the market with quite a bit less downside. For those looking at total return, that might not ...
by yougotitdude
Thu May 02, 2019 2:37 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2252
Views: 386332

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Earl Lemongrab wrote:
Thu May 02, 2019 2:20 am
It's unfortunate that some people have had problems. My experience has been very positive.
I agree. Merrill Edge has been great for me.

I had TD Ameritrade for a while and couldn't wait to transfer from them. They messed up a roth conversion by roughly 4x the amount requested!
by yougotitdude
Thu Apr 25, 2019 2:36 pm
Forum: Personal Investments
Topic: Does household income limit apply to Roth IRA for kids?
Replies: 18
Views: 1215

Re: Does household income limit apply to Roth IRA for kids?

You don't think the IRS would question being paid for picking up leaves as a 5 year old?
by yougotitdude
Thu Apr 18, 2019 3:08 pm
Forum: Personal Investments
Topic: Currently with Schwab private client--and decided to get out--but what to do
Replies: 16
Views: 6377

Re: Currently with Schwab private client--and decided to get out--but what to do

For each firm, what were their respective results in 2008 and 2011? What were their maximum drawn downs during the 2007-2009 period? Not beating the S&P 500 over a 20 year period is not a big deal (especially if they averaged only about 1% or smaller annualized return difference). If they had a 5% d...
by yougotitdude
Thu Apr 18, 2019 9:55 am
Forum: Personal Investments
Topic: Locked into [American Funds] - best choices?
Replies: 14
Views: 1016

Re: Locked into AF - best choices?

I've never seen a statement that shows the breakdown of an expense ratio into specific fees (the $1,200)? I'm not saying it doesn't but that seems odd. Perhaps they're showing the load you already paid? I'm assuming all of the funds are in a taxable account so here it goes: 1) Either is fine. If you...
by yougotitdude
Fri Apr 12, 2019 12:04 pm
Forum: Personal Investments
Topic: Fidelity Private Service?
Replies: 9
Views: 766

Re: Fidelity Private Service?

You'll usually have a "designated" rep. However, your rep may not normally follow up (obviously it depends on the rep) but will have their colleague follow up with you for non-sale issues. You might meet with your designated rep on the first meeting and on additional sale potential meetings (annual ...
by yougotitdude
Thu Apr 11, 2019 2:35 pm
Forum: Personal Investments
Topic: Merrill Edge Feedback
Replies: 33
Views: 3521

Re: Merrill Edge Feedback

I currently am split between Fidelity and Merrill Edge and only hold Vanguard ETFs, plus a CD. I like the benefits of the Merrill/BofA connection, checking, credit card, safe deposit box to name a few at no cost (I hold over $100M in assets at Merrill). Only complaint I have is that it is more cumb...
by yougotitdude
Wed Apr 10, 2019 8:00 pm
Forum: Personal Investments
Topic: Merrill Edge Feedback
Replies: 33
Views: 3521

Re: Merrill Edge Feedback

I currently am split between Fidelity and Merrill Edge and only hold Vanguard ETFs, plus a CD. I like the benefits of the Merrill/BofA connection, checking, credit card, safe deposit box to name a few at no cost (I hold over $100M in assets at Merrill). Only complaint I have is that it is more cumb...
by yougotitdude
Fri Apr 05, 2019 6:50 pm
Forum: Personal Investments
Topic: Ohio 529 any experience with this plan?
Replies: 23
Views: 1484

Re: Ohio 529 any experience with this plan?

The Ohio plan allows for a $4,000 deduction per beneficiary now. Isn't it that Ohio laws allows for that and really has little to do with the actual 529 plan. That is, if Ohio law didn't allow it, then the 529 plan would not allow it. Besides, if one is not a taxpayer to Ohio, they don't get anythi...
by yougotitdude
Fri Apr 05, 2019 8:29 am
Forum: Personal Investments
Topic: Ohio 529 any experience with this plan?
Replies: 23
Views: 1484

Re: Ohio 529 any experience with this plan?

The Ohio plan allows for a $4,000 deduction per beneficiary now.
by yougotitdude
Fri Mar 22, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Change my locked mortgage interest rate
Replies: 12
Views: 859

Re: Change my locked mortgage interest rate

I have no opinion on waiting or not but if the choices are keep the current or take the lower rate for $600, I'd pay the $600 for the lower rate (if you're going to stay in the house for more than a year or two anyway). If you spend $600, and get $40 a month back, that's a slam dunk. It would pay fo...
by yougotitdude
Mon Mar 18, 2019 8:21 am
Forum: Personal Consumer Issues
Topic: Looking to buy snow bird house in Florida. How does it work with realtors?
Replies: 16
Views: 1912

Re: Looking to buy snow bird house in Florida. How does it work with realtors?

What does "not exactly old fashioned family values" mean? Like, are a bunch of the old dudes there dating 20 year olds or something?