Search found 907 matches

by international001
Mon Jul 22, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: The Single Greatest Predictor of Future Stock Market Returns
Replies: 69
Views: 13991

Re: The Single Greatest Predictor of Future Stock Market Returns

Do we know how good the model holds if we throw in international stocks? Presumably, you would need to do so for each individual country and measure each nation's average investor equity allocation. But the truth of the matter is that the U.S. stock market has been far more correlated with other na...
by international001
Mon Jul 22, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: The Single Greatest Predictor of Future Stock Market Returns
Replies: 69
Views: 13991

Re: The Single Greatest Predictor of Future Stock Market Returns

Do we know how good the model holds if we throw in international stocks? Also, I find it interesting the stock asset allocation for US investor varies so much. I thought everybody would rebalance. But of course, that cannot be true. The total market capitalization of stocks is proportional to the me...
by international001
Sun Jul 21, 2019 7:17 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 82
Views: 11230

Re: Tax Reform - Revised Kiddie Tax

I think it should say 'the first $1,050 (the amount up to the kiddie tax unearned income threshold) is taxed at 10%'. If I get it right, you have standard deduction taxed at 0%, the next $1,050 at 10% and then the estates/kiddie tax Actually for 2018, it is effectively $2100 - the unearned income p...
by international001
Sun Jul 21, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Explaining the magic of compound interest to teenagers
Replies: 102
Views: 4754

Re: Explaining the magic of compound interest to teenagers

OP, Or, you could use what my mother told me. There is a limit that how much money you can earn by exchanging your time for money. You have to sleep X hours per day and there are only so many hours in a day. But, there is no limit on how much you can earn by investing your money. Your money will ea...
by international001
Sun Jul 21, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 45
Views: 3342

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

So when you're younger you have a larger tilt to small cap value and around 66 or 67 you have no tilt to small cap value but are entirely in the target date retirement fund. What does Larry think of such a portfolio as recommended by his friend Paul Merriman? This seems kind of arbitrary glide path...
by international001
Sun Jul 21, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 200
Views: 11567

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Nobody has thought about HCOL possibly being a bubble? e.g. once you arbitrage away (at least some) of the salaries with better technologies, why would the same job be paid differently in different parts of the country (or even the world)? Or, you could think that the share of population for which H...
by international001
Fri Jul 19, 2019 6:58 am
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 71
Views: 3664

Re: Changes to Morningstar Website?

Sucks for instance, you can have tax ratios for several intervals with the old website http://performance.morningstar.com/fund/tax-analysis.action?t=VFIAX®ion=usa&culture=en-US with the new website, you only get for last 3 years (!) https://www.morningstar.com/funds/xnas/vfiax/price Risk section ...
by international001
Fri Jul 19, 2019 6:51 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 45
Views: 3342

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

Chris Pedersen/Paul Merriman have selected ETFs in 10 asset classes (https://paulmerriman.com/best-in-class-etfs-for-the-ultimate-buy-and-hold-2019/) in the attempt to mirror DFA funds as closely as possible. How well do you think they have they succeeded in this effort? Some of the changes look sh...
by international001
Thu Jul 18, 2019 6:19 am
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 3477

Re: How unpleasant is the home buying/selling experience??

Can somebody make the numbers?
Of course houses can go up and down in value, but assuming they just keep up with inflation, the recommendation (from RE agents, of course) is buy if you are going to be more than 2 years. What is the real break-even time to stay in a house vs renting?
by international001
Wed Jul 17, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 188
Views: 34172

Re: Study: The Rate of Return on Everything, 1870-2015

The total returns of the rentals and the stock market generated similar returns. With or without leverage? From the study, it looks that if you could diversify with enough properties, even without leverage (and if you don't count taxes), investing in real state is gives you a better risk-adjusted-r...
by international001
Tue Jul 16, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 82
Views: 11230

Re: Tax Reform - Revised Kiddie Tax

Ohh.. so it was a mistake on the website. Now everything makes sense. Thanks a lot for the privileged info. I trust BH more than any website. I was looking at the following (referenced in another BH thread); https://blog.concannonmiller.com/4thought/2018-kiddie-tax-new-rules-means-new-strategies. IT...
by international001
Tue Jul 16, 2019 1:43 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

Update:

7/8: I got the $900 bonus.

I am told I can close the account if I wish (my plan is to keep it over $100k for the PH)
by international001
Tue Jul 16, 2019 3:32 am
Forum: Non-US Investing
Topic: Italian investor: how to invest long term after recent windfall
Replies: 11
Views: 887

Re: Italian investor: how to invest long term after recent windfall

Where can you find objective info for this fund (ER, portfolio composition,..) . It's not even listed on morningstar?
by international001
Tue Jul 16, 2019 3:30 am
Forum: Non-US Investing
Topic: Italian investor: how to invest long term after recent windfall
Replies: 11
Views: 887

Re: Italian investor: how to invest long term after recent windfall

Does Italy support tax-free transfer between funds? (last time I check DeGigro did not supoort it) If so, consider a broker that supports some index funds (like the Vanguard domiciled in Ireland), at least a portion of it. It's much easier to rebalance. Plus, if you are not comfortable with a lump s...
by international001
Tue Jul 16, 2019 3:20 am
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 82
Views: 11230

Re: Tax Reform - Revised Kiddie Tax

Thanks for the info. I found https://www.irs.gov/pub/irs-drop/rp-18-57.pdf and it seems the taxes for estates are the same than for 2018 (bottom of https://fairmark.com/general-taxation/reference-room/tax-brackets/2019-tax-brackets/) What doesn't really look inflaction adjusted at all (at the very l...
by international001
Tue Jul 16, 2019 3:12 am
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 103
Views: 31380

Re: Non-US citizen with US Brokers: Estate Tax risk?

Can somebody explain what is SPIC insurance?

I thought if the brokerage firm (IB, Vanguard,..) went bankrupt, I would still own the securities. It would be a matter of transferring them to another brokerage. So I guess I'm missing somehting
by international001
Sun Jul 14, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 82
Views: 11230

Re: Tax Reform - Revised Kiddie Tax

Thanks Grabiner for confirming. A minor difference but important for my understanding
Spirit Rider, where do you get $2650 for QDI for 2019? The Fairmark site mentions 2018. I was not able to google anything for 2019, so I assumed the numbers are not released yet
by international001
Sat Jul 13, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Tax Reform - Revised Kiddie Tax
Replies: 82
Views: 11230

Re: Tax Reform - Revised Kiddie Tax

Ok. So please help me with the math. If my child has 0 earned income, $900 Short Term Capital Loss and $4000 in Qualified Dividends in UTMA, how much LTCG can we take and remain at the 0% tax rate for 2018 under the new rules? The first $1050 of income is not taxed at all, because of the standard d...
by international001
Wed Jul 10, 2019 5:08 am
Forum: Investing - Theory, News & General
Topic: Retiring Early Correlates with Greater Longevity ?
Replies: 47
Views: 4600

Re: Retiring Early Correlates with Greater Longevity ?

Many civil servants just wait for retirement and get their pension in semi-zombi state You also have to separate retirement age from (the pereceived) meaning of life I have known elederly people in lazy lifestyles that suddenly get a mission in life ( a grandson, having to take care of somebody hand...
by international001
Tue Jul 09, 2019 6:20 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 15153

Re: What percentage of total portfolio in REIT's do you have? Why? . . Why not?

The question I always have in terms of including direct real estate in an overall portfolio allocation i s how does one rebalance that? I think that, at least for me, the answers lay somewhere between what's on a spreadsheet/financial statement, and business instinct. j This is more than I wanted t...
by international001
Mon Jul 08, 2019 10:49 am
Forum: Personal Investments
Topic: Portfolio Allocation accross accounts
Replies: 20
Views: 1368

Re: Portfolio Allocation accross accounts

Regarding international stocks: I believe it's worth it to hold only in taxable account to take advantage of the foreign tax credit, but I am also convinced that holding international equities in taxable causes non-qualified dividends to be distributed and taxed as ordinary income, therefore unwant...
by international001
Mon Jul 08, 2019 10:48 am
Forum: Personal Investments
Topic: Portfolio Allocation accross accounts
Replies: 20
Views: 1368

Re: Portfolio Allocation accross accounts

What do you think about this argument for bonds in Taxable? https://www.whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ The title is clickbait. Did you read the article? Do you see how the article does not recommend bonds in taxable? (except for under unusual circumstances) I think the ar...
by international001
Mon Jul 08, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13540

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

Are we being more a***-retentive than usual? Savings are after taxes because there is never an assumption on how much you are making (and how much are your tax brackets!) Everything depends on many things, but those tables are a vanilla assumptions (same salary, you'll have the same income while wor...
by international001
Sun Jul 07, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

I'm sorry, but 7.25% cash back at Costco (5.25% base + 2% executive) + 5.25% on gas + 5.25% on travel + 5.25% on dining + 5.25% on online purchases + 2.625% on all else is as the best I've got for you right now. All for essentially no annual fee. If forum members come up with a better strategy, I'm...
by international001
Fri Jul 05, 2019 5:23 pm
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 103
Views: 31380

Re: Non-US citizen with US Brokers: Estate Tax risk?

Thanks. I fortgot about that graduation you mentioned in some other threads. It seems absurd that the percentages don't start *after* the exclusion after $11M you jump straight to the 40%!) Would you know for a non-US citizen but US resident? Are they also taxed for their worlwide assets? That would...
by international001
Thu Jul 04, 2019 5:04 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 15153

Re: What percentage of total portfolio in REIT's do you have? Why? . . Why not?

Portfolio visualizer (since 94) says that historical eff frontier is 70% TSM and 30% REIT. There is certainly some historical benefits from diversification among both. https://www.portfoliovisualizer.com/efficient-frontier?s=y&type=1&mode=1&startYear=1994&endYear=2019&groupConstraints=false&geometri...
by international001
Thu Jul 04, 2019 9:28 am
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 103
Views: 31380

Re: Non-US citizen with US Brokers: Estate Tax risk?

So let me try to understand. You are US-person (US citizen or US resident) and you pass away. Your US assets are taxed at 40% after $11M to pass them to your heirs. If you are not a US-person, your assets are taxed at 40% after $60k What about if you are a US-person and you have assets outside US? W...
by international001
Wed Jul 03, 2019 6:50 pm
Forum: Investing - Theory, News & General
Topic: Housing P/E (Rent/price ratio)
Replies: 3
Views: 555

Re: Housing P/E (Rent/price ratio)

600/75= 8 (before any other costs). That looks attractive to buy

In Europe I'm seeing low P/E of 23 what is very low for buying

I'm talking residential. I'm not sure if commercial rentals are different.
by international001
Wed Jul 03, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: Housing P/E (Rent/price ratio)
Replies: 3
Views: 555

Housing P/E (Rent/price ratio)

Hi, Usually, P/E is higher for lower P (in the same area). My thought was that it had more overhead, plus there was some more risk involved (lower income people) I was looking at some properties in some areas in Europe and I see this trend can be exaggerated (x2.5 P/E for a lower P house). Is this a...
by international001
Wed Jul 03, 2019 10:00 am
Forum: Investing - Theory, News & General
Topic: Best REIT? VNQ vs O
Replies: 7
Views: 895

Re: Best REIT? VNQ vs O

So that's it? There is nothing specific in O and maybe in the next 10 years it will underperform? I understand with other companys (MSFT, GE, ...) decissions can affect performance a lot. But why would performance change so much for a REIT? It's just about buying properties and renting them, no? The...
by international001
Wed Jul 03, 2019 5:37 am
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

Another pretty good one if you just want 1 card is the Wells Fargo Propel card along with the Visa Signature. You don’t have to use the Signature, just allows you spend the points at 1.5x value. The Propel gets 3x points on dining, gas, and travel for a 4.5% value when used for travel. Can I try a ...
by international001
Wed Jul 03, 2019 4:30 am
Forum: Investing - Theory, News & General
Topic: Best REIT? VNQ vs O
Replies: 7
Views: 895

Best REIT? VNQ vs O

I have been using VNQ

But I realized O had had much better returns (vs risk) over the past decade. What is the reason of their success? It is worth buying? You have company risk, but isn't diversified within itself (kind of BRK)
by international001
Wed Jul 03, 2019 4:19 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

I have 4 BoA cash rewards cards (2 myself + 2 my wife), so we can do 4 categories per month. BoA premium rewards has 0% foreign transaction fee. It's a phenomenal card. The BoA platinum honors credit card strategy is unambiguously the best for cash rewards. Isn't Cash Rewards + Travel rewards combi...
by international001
Wed Jul 03, 2019 4:10 am
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

Another pretty good one if you just want 1 card is the Wells Fargo Propel card along with the Visa Signature. You don’t have to use the Signature, just allows you spend the points at 1.5x value. The Propel gets 3x points on dining, gas, and travel for a 4.5% value when used for travel. Can I try a ...
by international001
Tue Jul 02, 2019 5:02 pm
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 103
Views: 31380

Re: Non-US citizen with US Brokers: Estate Tax risk?

I have just read a book by Andrew Hallam (Global Expatriate's Guide to Investing_ From Millionaire Teacher to Millionaire Expat) in which he says time and time again to stay away from US domiciled investments and brokers. He suggest various brokers but none such as Interactive Brokers which it may ...
by international001
Tue Jul 02, 2019 1:45 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

Another pretty good one if you just want 1 card is the Wells Fargo Propel card along with the Visa Signature. You don’t have to use the Signature, just allows you spend the points at 1.5x value. The Propel gets 3x points on dining, gas, and travel for a 4.5% value when used for travel. Can I try a ...
by international001
Tue Jul 02, 2019 2:42 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

I have 4 BoA cash rewards cards (2 myself + 2 my wife), so we can do 4 categories per month. BoA premium rewards has 0% foreign transaction fee. It's a phenomenal card. The BoA platinum honors credit card strategy is unambiguously the best for cash rewards. Isn't Cash Rewards + Travel rewards combi...
by international001
Tue Jul 02, 2019 2:39 am
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

Yes, both the Premium Rewards and the Cash Rewards card give you 75% for all rewards (base and bonus). I've never heard of the AAA card before you mentioned it. The Premium Rewards and Cash Rewards cards are good credit card options though. One common credit card set up is to have Premium Rewards f...
by international001
Tue Jul 02, 2019 2:32 am
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

I deposited $400K on the last days of December 2018. I was awarded platinum honors status as of April 2019. It took 3 months. Perhaps I was unlucky. If you have any prior personal association with BofA it can be factored in. My 30 year relationship with BofA was only business accounts and not count...
by international001
Tue Jul 02, 2019 2:29 am
Forum: Personal Investments
Topic: Need help choosing bonds + mmkt for taxable (NYC)
Replies: 8
Views: 756

Re: Need help choosing bonds for taxable (New York)

Really? So you need an average of 50% and then you start tax-exempting part of the distributions

You always learn something

Tx
by international001
Mon Jul 01, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

I'm sorry, but 7.25% cash back at Costco (5.25% base + 2% executive) + 5.25% on gas + 5.25% on travel + 5.25% on dining + 5.25% on online purchases + 2.625% on all else is as the best I've got for you right now. All for essentially no annual fee. If forum members come up with a better strategy, I'm...
by international001
Mon Jul 01, 2019 10:15 am
Forum: Personal Investments
Topic: Need help choosing bonds + mmkt for taxable (NYC)
Replies: 8
Views: 756

Re: Need help choosing bonds for taxable (New York)

Just want to point out that Vanguard Treasury Money Market (VUSXX) will probably yield more for you than VMMXX because it is exempt from state and local taxes. I don't know if you were planning to put the minimum of 50K in, though. In the 32% tax bracket, NY Muni Money Market (VYFXX) is yielding mo...
by international001
Mon Jul 01, 2019 10:08 am
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

I opened a Merrill Edge account more than two months ago with a transfer from Vanguard of > $100K and have yet to qualify for any tier of Preferred Rewards. The Merrill Edge and Bank of America accounts are both joint with my wife and me. I wonder if that is the problem. I secure messaged Merrill E...
by international001
Mon Jul 01, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

BoA cash rewards earns 5.25%. https://www.frugalprofessor.com/one-month-review-of-updated-boa-cash-rewards-card/ https://www.frugalprofessor.com/best-credit-card-rewards-strategy-2018-edition/ Ok.. I guess this is because you use most online purchases. Groceries must be a big part. Costco Cash Card...
by international001
Sun Jun 30, 2019 5:50 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 107
Views: 12737

Re: Moving from Vanguard to Merrill Edge

I opened a Merrill Edge account more than two months ago with a transfer from Vanguard of > $100K and have yet to qualify for any tier of Preferred Rewards. The Merrill Edge and Bank of America accounts are both joint with my wife and me. I wonder if that is the problem. I secure messaged Merrill E...
by international001
Sun Jun 30, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

BoA cash rewards earns 5.25%. https://www.frugalprofessor.com/one-month-review-of-updated-boa-cash-rewards-card/ https://www.frugalprofessor.com/best-credit-card-rewards-strategy-2018-edition/ Ok.. I guess this is because you use most online purchases. Groceries must be a big part. Costco Cash Card...
by international001
Fri Jun 28, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

confusedinvestor wrote:
Fri Jun 28, 2019 12:27 am
BoA Cards - I typically average 4% cash-back for all categories
confusedinvestor wrote:
Fri Jun 28, 2019 12:27 am
BoA Cards - I typically average 4% cash-back for all categories
With PR Platinium Honors?
Which card gives you 4% for grocery? And gas?
by international001
Thu Jun 27, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash-back credit card right now?
Replies: 97
Views: 18093

Re: Best cash-back credit card right now?

sfchris wrote:
Sun May 06, 2018 8:23 am
Here is one good list:
https://www.fragiledeal.com/t/best-rewa ... -cards/127
This doesn't seem right:

Grocery

3.5% Bank of America Premium Rewards with Platinum Honors status. Must have $100,000 in qualifying assets with Merrill and BOA combined.
by international001
Thu Jun 27, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 188
Views: 34172

Re: Study: The Rate of Return on Everything, 1870-2015

The first blog article reflects on the possible use of real estate (housing) income as a diversifier: https://evergreensmallbusiness.com/rate-of-return-on-everything-paper/ One must consider that for many, if not most, homeowners, the largest component of their net worth is in home equity. Thus, th...