Search found 51 matches

by bogglehead125
Thu Aug 09, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: QUESTION ANSWERED - House I paid 157k in 2007 sold for 55k in 2018
Replies: 25
Views: 2742

Re: House I paid 157k in 2007 sold for 55k in 2018 - CPA saying I will owe capital gains tax

If you don't mind sharing, where in the country are property values still down 2/3 from peak? Metro areas seem to have recovered by now
by bogglehead125
Wed Jul 25, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in guaranteed return or stock market?
Replies: 73
Views: 3515

Re: Invest in guaranteed return or stock market?

You don't really give any info. If its 4% guaranteed + liquid + marketable, you should be borrowing as much as you possibly can to invest in it, since competitive margin rates are close to 2.5%. But its not.
by bogglehead125
Mon May 07, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Two TLH Questions
Replies: 7
Views: 663

Re: Two TLH Questions

If you keep the holdings in the Roth bought right before selling in taxable, then I think it's no question a wash sale. And an unrecoverable one. Where it gets tricky is if you sell the holdings in the Roth before the ones in taxable. Then you have no "replacement shares". I've seen this discussed ...
by bogglehead125
Fri May 04, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Two TLH Questions
Replies: 7
Views: 663

Re: Two TLH Questions

https://www.investopedia.com/terms/w/washsalerule.asp "The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss and, within 30 days before or after this sale, buys a “substantially identical” stock or security, or acquires a contract or option to do so...
by bogglehead125
Fri May 04, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Two TLH Questions
Replies: 7
Views: 663

Two TLH Questions

Hi, I've read that you can generate a wash sale by buying a stock 30 days before or 30 days after selling for a loss. I have two questions: If I buy a stock and it immediately goes down and I sell it, is that a wash sale? Doesn't seem like it? If I buy a stock in my ROTH, and then it immediately goe...
by bogglehead125
Thu Apr 05, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Is absolute momentum market timing ?
Replies: 21
Views: 1777

Re: Is absolute momentum market timing ?

Where are the factor fans? Could you imagine a thread titled "Is small-cap value market timing?"
by bogglehead125
Sun Apr 01, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: “We’re not making enough money off you”
Replies: 62
Views: 12231

Re: “We’re not making enough money off you”

Were these loans below FFR if margin lending? Curious what a below market loan looks like
by bogglehead125
Thu Mar 29, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Printing out a ten thousand page form 8949 for the IRS?
Replies: 48
Views: 5620

Re: Printing out a ten thousand page form 8949 for the IRS?

riverguy wrote:
Thu Mar 29, 2018 7:14 am
Everyone skeptical about you making profits because its not Vanguard ETFs LOL
+1
by bogglehead125
Thu Mar 29, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Printing out a ten thousand page form 8949 for the IRS?
Replies: 48
Views: 5620

Re: Printing out a ten thousand page form 8949 for the IRS?

Pretty weird that people are being hostile rather than answering a polite and well-intentioned question
by bogglehead125
Sat Mar 17, 2018 9:43 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Factor Investing Alive & Well
Replies: 11
Views: 1913

Re: Larry Swedroe: Factor Investing Alive & Well

Has anybody else started just skimming these articles to get to the part where we get to see what specific investment is being "mentioned" (perhaps the word recommended doesn't appear) and what the ER is? This latest one looks like 1.5% of a person's earnings will be siphoned off each year for the ...
by bogglehead125
Fri Mar 16, 2018 8:43 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA options for tax arbitrage?
Replies: 2
Views: 504

Re: Roth IRA options for tax arbitrage?

Seems vaguely similar to getting (1+x) times levered long SPY in your Roth and x times short in your taxable. If you could get leveraged and short for free then this would seem like a good thing to do for small x if you believe stocks have positive expected return.
by bogglehead125
Wed Mar 14, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Retired looking for investments
Replies: 10
Views: 1324

Re: Retired looking for investments

Kind of a non-sequitur but I looked up NXJ and it seems to be trading at a 15% discount to NAV -- anyone know why?
by bogglehead125
Tue Mar 13, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1827

Re: Any reason not to open a 529? (young investor)

I wish I had done this! But the first priority should be maxing out your Roth IRA's (and also probably your other retirement accounts). If you have funds left over after maxing those out, put them in your 529. Thanks! I am sort of new to this so maybe I'm missing some obvious retirement accounts, b...
by bogglehead125
Tue Mar 13, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1827

Re: Any reason not to open a 529? (young investor)

ThankYouJack wrote:
Tue Mar 13, 2018 8:48 pm
I think the state tax break is a good reason to assuming you are completely set in other areas financially.
Yea, in NYC I think I would get something like a $300 tax break for funding $5k, which isn't bad at all.
by bogglehead125
Tue Mar 13, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1827

Re: Any reason not to open a 529? (young investor)

Note: If the beneficiary of a change or rollover is a lower generation it will be subject to gift tax rules. Can you clarify "gift tax rules"? Hypothetically, let's say I contribute $5k/yr to a 529 for 10 years before my first child is born and get 4% returns per year, so my child would become the ...
by bogglehead125
Tue Mar 13, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1827

Re: Any reason not to open a 529? (young investor)

If I help my girlfriend with grad school, it would not be a tax-free 529 distribution, correct? :(
by bogglehead125
Tue Mar 13, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1827

Any reason not to open a 529? (young investor)

I’m 22. Is there any reason not to fund a 529 plan up to the state tax deductible maximum (I think $5500 in NYC) after filling an e-fund & maxing out an IRA and 401(k)? For example, is changing the fund to a new beneficiary costly or a taxable event? For context, in all likelihood I will use the fun...
by bogglehead125
Tue Feb 27, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: Boglehead contradiction, constant asset allocation is market timing
Replies: 100
Views: 9679

Re: Boglehead contradiction, constant asset allocation is market timing

As a Boglehead, I don't try to time the market. But, I can think rationally. It's pretty clear that stocks are cheaper this year than last year, and that bonds are more expensive this year than last year. So, it would be quite rational for me to trim part of my expensive bonds to buy some cheap sto...
by bogglehead125
Tue Feb 27, 2018 7:42 pm
Forum: Investing - Theory, News & General
Topic: Boglehead contradiction, constant asset allocation is market timing
Replies: 100
Views: 9679

Re: Boglehead contradiction, constant asset allocation is market timing

As a Boglehead, I don't try to time the market. But, I can think rationally. It's pretty clear that stocks are cheaper this year than last year, and that bonds are more expensive this year than last year. So, it would be quite rational for me to trim part of my expensive bonds to buy some cheap sto...
by bogglehead125
Tue Feb 27, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Boglehead contradiction, constant asset allocation is market timing
Replies: 100
Views: 9679

Re: Boglehead contradiction, constant asset allocation is market timing

I cannot help you out with philosophy, but I'll stir the pot: Not rebalancing when the market drops significantly is a form of market timing. I feel that market timing is about chasing what one believes to be outsized future expected returns (alpha) and rationally-motivated rebalancing is about ass...
by bogglehead125
Mon Feb 26, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: I bought options...what do I do with them
Replies: 9
Views: 1020

Re: I bought options...what do I do with them

Are you trolling? Your portfolio is $30k of a pretty volatile biotech firm, some options on the same firm, and bitcoin?

A share of HRTX was worth $2.31 in April 2011 and $1192 in Feb 1992.
by bogglehead125
Mon Feb 26, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Grade Bond Interest Rate Hedged (IGIH) ETF
Replies: 9
Views: 434

Re: Investment Grade Bond Interest Rate Hedged (IGIH) ETF

Why would you want to own this? Isolating short-term credit risk is sort of a weird move for a retail investor.
by bogglehead125
Fri Jan 26, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Ray Dalio/Tony Robbins All-Weather portfolio questions
Replies: 28
Views: 5708

Re: Ray Dalio/Tony Robbins All-Weather portfolio questions

Why not TIPS instead of gold? Then you’d have a pretty vanilla AA with inflation protection and you could skip the “advanced money management”
by bogglehead125
Mon Jan 22, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing: Bond Alternatives
Replies: 2
Views: 387

Re: Rebalancing: Bond Alternatives

Short-term treasuries have lower interest rate sensitivity.

Somewhat unrelated: what information do you think you have about bonds that the rest of us don't know about?
by bogglehead125
Fri Jan 12, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 5679

Re: Almost a pathological fear of debt, to my detriment?

"like my car loan" No, Free the Mind, Remain Debt Free. Do Not Be A Slave To The Lender :happy If the loan is 0.9% APY, the OP is winning to inflation, FDIC-insured CDs, ST treasuries, AND would retain more liquidity in brokered fixed income products. I think there’s room to consider investor psych...
by bogglehead125
Thu Jan 11, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 7695

Re: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??

I can understand 100% equities but why not include international?
by bogglehead125
Tue Jan 09, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: Maximizing Portfolio Growth Rate - Kelly Criterion - Empirical Market Data
Replies: 44
Views: 3708

Re: Maximizing Portfolio Growth Rate - Kelly Criterion - Empirical Market Data

Yes, this is what blew up long term capital Management 20 years and cost US taxpayers 3.5 billion dollars. "In September 1998, a group of 14 banks and brokerage firms invested $3.6 billion in LTCM to prevent the hedge fund’s imminent collapse. The arrangement was facilitated by the Federal Reserve,...
by bogglehead125
Mon Jan 08, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: Are Robo-Investors driving the market to insane levels?
Replies: 36
Views: 5705

Re: Are Robo-Investors driving the market to insane levels?

If you think HFT are just pushing the market higher and higher for no reason, why not trade against them?
by bogglehead125
Thu Dec 28, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

One other note about the NY/NJ tax arbitrage that OP has mentioned. If their situation is anything like mine, I don't think there's much to be gained by living in NJ until 2020, which is when the full annualized income hits in one tax year (based on half a year's base salary + a signing bonus in 20...
by bogglehead125
Thu Dec 28, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

To the OP, one thing I would recommend considering is the stability - or lack thereof - of the rental(s) you are considering. I'm assuming that you're looking at a standard 12 month lease term. In amenities buildings (which it sounds like is what you are considering) in Manhattan and Brooklyn many ...
by bogglehead125
Thu Dec 28, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

There are cheaper options in Jersey City, but this area is particularly safe, provides a nice commute, and the specific apartment has an incredible view of Manhattan and some nice shared amenities (gym/pool/etc.). What do you mean by "nice commute"? I am going to assume you'll be working in finance...
by bogglehead125
Thu Dec 28, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

Have you considered living with roommates? Our situations are very comparable and that's my plan at the moment. I'm expecting to pay something like 1700-2300 to share a two or three bedroom, looking at lower Manhattan and Brooklyn. Thank you for your post! I have considered living with roommates an...
by bogglehead125
Thu Dec 28, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

How much is regular salary and how mich is variable/bonus? Never budget on your bonus. If you're going to be working a lot (implied by the comp levels and meals at work), consider whether you might just rent a room and cut costs. Thank you for your reply! My bonus will be a large part of my future ...
by bogglehead125
Thu Dec 28, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

Well, what are your long term prospects at this firm/company? If 80%+ of the people are still there after five years, I'd say go with the nice apartment. If 80%+ are gone in that same time, get a roommate and save on rent. Make hay while the sun is shinning. Most people (I would say >90%) stick aro...
by bogglehead125
Thu Dec 28, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

There are cheaper options in Jersey City, but this area is particularly safe, provides a nice commute, and the specific apartment has an incredible view of Manhattan and some nice shared amenities (gym/pool/etc.). What do you mean by "nice commute"? I am going to assume you'll be working in finance...
by bogglehead125
Thu Dec 28, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

How much is regular salary and how mich is variable/bonus? Never budget on your bonus. If you're going to be working a lot (implied by the comp levels and meals at work), consider whether you might just rent a room and cut costs. Thank you for your reply! My bonus will be a large part of my future ...
by bogglehead125
Thu Dec 28, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

As a future '18 college graduate, I have minimal experience managing personal finances. I'm a pretty avid BH reader, but I could still use a sanity check. I am reaching out to BH for a second opinion -- I have already discussed this with my parents, but don't know who else to ask. I will be working...
by bogglehead125
Thu Dec 28, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

Re: How Much Can I Spend On Rent? (Sanity Check)

I would say, off the top of my head, that the apartment looks to be financially reasonable. You'll be making a nice income, and you'll have a net income -- after paying your rent -- of $100k - $110k annually. You say your expenses will be minimal. I take it from this that you have little or no stud...
by bogglehead125
Thu Dec 28, 2017 1:39 am
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Spend On Rent? (Sanity Check)
Replies: 25
Views: 2084

How Much Can I Spend On Rent? (Sanity Check)

As a future '18 college graduate, I have minimal experience managing personal finances. I'm a pretty avid BH reader, but I could still use a sanity check. I am reaching out to BH for a second opinion -- I have already discussed this with my parents, but don't know who else to ask. I will be working ...
by bogglehead125
Wed Dec 27, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: High Returns Problem
Replies: 14
Views: 2052

Re: High Returns Problem

Playing devil's advocate -- you have to ask yourself if your LLC outperforms SPY on a risk-adjusted basis. Your LLC has undiversified risk (properties, price of gas/oil) and undiversifiable risk ("big time tax benefits" might go away). You can imperfectly hedge some of these risks but your propertie...
by bogglehead125
Thu Dec 14, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 7402

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Everybody in the world expected the DJIA, S&P and NASDAQ to go up today. With all due respect, who the hell do you think sold you 6-figure amounts of SPY then? Do you think it was a charitable donation to the whiteprius fund? SPY is not penny-wide on the bid/offer because the entire world is in agr...
by bogglehead125
Sun Dec 10, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 3072

Re: Bitcoin IRA

You saying $1,000/share makes me suspicious you're talking about GBTC, the closed-end fund with an expense ratio of 2% that contains 1/10 of a bitcoin but is not convertible/fungible with BTC and frequently trades at a 50-70% premium to the actual coin. Please don't buy that. For anyone interested: ...
by bogglehead125
Sat Dec 09, 2017 1:38 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin futures - trading them is good?
Replies: 8
Views: 1085

Re: Bitcoin futures - trading them is good?

I agree that bitcoin has higher volatility than amazon. The BTC options would presumably trade at a higher premium than AMZN options. For what it's worth, futures are completely different than options. Let xbt(t) be bitcoin price at time t. Future payoff for a buyer is xbt(T) - xbt(0) where T is exp...
by bogglehead125
Fri Dec 08, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: on keeping a tranche of active mgmt in Roth
Replies: 16
Views: 951

Re: on keeping a tranche of active mgmt in Roth

I like primecap and have a fair amount of VPMCX in roth & taxable. I am more enthusiastic about low-cost active equity than the average boglehead, which is not saying very much.
by bogglehead125
Tue Nov 28, 2017 3:20 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 100
Views: 11454

Re: Is there any reason to invest in real estate?

Is it obvious that REITs are better than individual real estate holdings? REITs are better diversified, I agree! But some people seem very certain that there is tax magic to actually owning real estate (1029 exchanges, depreciation, etc.). Another argument you will see here is that much real estate ...
by bogglehead125
Sat Nov 25, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Advice for New Grad (HCOL, comp better than expected)
Replies: 9
Views: 1215

Re: Personal Finance Advice for New Grad (HCOL, comp better than expected)

Enjoying your life does not require spending a lot of money. Many people fall into the trap of assuming that the only way to be happy is to increase consumption. Nonsense.
Very true!
by bogglehead125
Sat Nov 25, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Advice for New Grad (HCOL, comp better than expected)
Replies: 9
Views: 1215

Re: Personal Finance Advice for New Grad (HCOL, comp better than expected)

But if you don't plan to be at GS forever, it might be worth thinking through whether 100/0 is the right AA. https://www.youtube.com/watch?v=Lx4poQw1mZo (warning: excessive profanity that I didn't catch before posting -- I want to work for the Goldman Sachs!) Super Hans, thank you for your post! Th...
by bogglehead125
Fri Nov 24, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Advice for New Grad (HCOL, comp better than expected)
Replies: 9
Views: 1215

Personal Finance Advice for New Grad (HCOL, comp better than expected)

Hi all! I've been a lurker for some time but just recently made an account (more or less at the behest of my dad, who is a fairly prolific BH - can you guess who?!). I'm about to graduate, and I'd like to head into the workforce with a good personal finance & investing strategy! I am posting in sear...
by bogglehead125
Fri Nov 24, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: WSJ - Is Your Stockpicker Lucky or Good?
Replies: 8
Views: 1018

Re: WSJ - Is Your Stockpicker Lucky or Good?

In evaluating active mutual funds, retail investors are not tasked with finding weighted coins, but figuring out how weighted the coins actually are (do they outperform fees?!). This turns out to be comically harder. Estimating the bias of a coin to a sensitivity of 0.01 with 95% confidence requires...