Search found 151 matches

by StrangePenguin
Sun May 17, 2020 12:07 pm
Forum: Personal Consumer Issues
Topic: Importing an almost new car into CA
Replies: 23
Views: 1428

Importing an almost new car into CA

I am moving from Illinois to California in August. Right now I don't own a car. I will have to buy a car shortly after arriving. My relocation benefit includes 30 days of car rental after I arrive. So the nominal plan is to fly to CA, take my free rental, and buy a car in the first month. However fo...
by StrangePenguin
Fri Mar 20, 2020 12:42 pm
Forum: Personal Investments
Topic: ICSH and other ultrashort term bond funds - should I be worried?
Replies: 26
Views: 2047

Re: ICSH and other ultrashort term bond funds - should I be worried?

Start the axis at zero, instead of 48 and you'll see the real decline (or lack thereof). :oops: Yes, of course, in absolute terms the drops are small compared to equities and more risky funds. I don't think the scale is particularly deceptive here. It shows the drop compared to the historical level...
by StrangePenguin
Fri Mar 20, 2020 12:13 pm
Forum: Investing - Theory, News & General
Topic: Sizable Drop in Ultra Short Term Bond ETFs
Replies: 38
Views: 2827

Re: Sizable Drop in Ultra Short Term Bond ETFs

fyi, I posted some charts of ICSH this morning in this thread: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=306106&newpost=5115136&view=unread#p5115136 Of course as soon as I panicked and sold it, it recovered a bit. But I agree with what somebody said about about upside and downside -- I on...
by StrangePenguin
Fri Mar 20, 2020 9:37 am
Forum: Personal Investments
Topic: ICSH and other ultrashort term bond funds - should I be worried?
Replies: 26
Views: 2047

Re: ICSH and other ultrashort term bond funds - should I be worried?

The panic selling of ICSH continued this morning (including by me!). A striking visual -- the 1 year price chart: https://live.staticflickr.com/65535/49679877422_1437af25a7_c.jpg And the 5 year chart: https://live.staticflickr.com/65535/49679092868_1f6483bcf2_c.jpg This ETF was not around in 2008, s...
by StrangePenguin
Thu Mar 19, 2020 10:17 pm
Forum: Personal Investments
Topic: ICSH and other ultrashort term bond funds - should I be worried?
Replies: 26
Views: 2047

Re: ICSH and other ultrashort term bond funds - should I be worried?

Interesting data point -- the NEAR ETF (which I thankfully do not own) got *seriously* hammered today: -6.24%. Just like ICSH, most of the huge drop was between 2 and 3pm (eastern time). Something happened, to put it lightly. To put it in perspective, the 5 year chart for the price of this ETF shows...
by StrangePenguin
Thu Mar 19, 2020 10:09 pm
Forum: Personal Investments
Topic: ICSH and other ultrashort term bond funds - should I be worried?
Replies: 26
Views: 2047

Re: ICSH and other ultrashort term bond funds - should I be worried?

Those who bailed out of ICSH should be pleased with themselves. I've been using it as my house downpayment savings fund (which doubles as a secondary emergency fund...since if I'm in a financial emergency I'm probably not going to be buying a house). It's been great...until this crisis. Now I regret...
by StrangePenguin
Sat Mar 14, 2020 6:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18784
Views: 2626197

Re: U.S. stocks in free fall

I kind of expect that Monday will see a positive bump due to Congress taking action. But you never know -- if Wall Street doesn't think the action is enough, we could see free fall again. I will be doing some buying no matter what.
by StrangePenguin
Thu Mar 12, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: Spike in Repo Rates [Fed Overnight Repurchase agreement]
Replies: 179
Views: 17817

Re: Spike in Repo Rates [Fed Overnight Repurchase agreement]

MASSIVE injection of FED repo just announced: $1.5 trillion of additional repo operations, including $500 billion of 3-month line operations today and tomorrow, and a $500 billion 1-month operation tomorrow :shock: :shock: :oops: Interestingly, that doesn't appear to have done jack squat to stabili...
by StrangePenguin
Thu Mar 12, 2020 9:44 am
Forum: Investing - Theory, News & General
Topic: Sizable Drop in Ultra Short Term Bond ETFs
Replies: 38
Views: 2827

Re: Sizable Drop in Ultra Short Term Bond ETFs

I see ICSH is off by over 1%. That's pretty shocking. Now I know what a true panic looks like. Any risk of Vanguard Prime MM breaking the buck? (I know they will try very hard for that not to happen)
by StrangePenguin
Thu Mar 12, 2020 7:19 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18784
Views: 2626197

Re: U.S. stocks in free fall

Is it really a bear market already? Don't we have to wait until end of day to see if we are still down? We could have a rally today :mrgreen: The article I read made it pretty clear -- if you look only at close and not intraday prices, then yesterday was -20% from the peak as measured from the Dow....
by StrangePenguin
Tue Mar 10, 2020 5:16 pm
Forum: Investing - Theory, News & General
Topic: BND Fell Today
Replies: 143
Views: 12968

Re: BND Fell Today

Can someone explain to me why VGLT (long-term treasuries) got killed for 4.7% today? I realize it's a risky ETF because of the long duration and hence exposure to interest-rate risk. But I don't see news of any interest rate hikes. Did it get killed just because people are pulling money out of trea...
by StrangePenguin
Sun Mar 08, 2020 9:58 am
Forum: Personal Investments
Topic: Wash Sale Question: VOO & VTI Substantially Identical?
Replies: 88
Views: 4493

Re: Wash Sale Question: VOO & VTI Substantially Identical?

Do we have any documented anecdotes from "average retail investors" (i.e. a Boglehead) who were audited and questioned about their TLH trades?

There are so many threads about this that there may be a story out there, lost in the noise.
by StrangePenguin
Sat Mar 07, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is FreeTaxUSA miscalculating my friend's tax return?
Replies: 13
Views: 1215

Re: Is FreeTaxUSA miscalculating my friend's tax return?

Others with more experience with self-employment will surely weigh in too...but when self-employed don't you end up paying a bunch "extra" because you need to pay payroll taxes yourself (employee and employer share of social security, for example)? (Also pretty curious that a young-ish person with a...
by StrangePenguin
Sat Mar 07, 2020 1:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18784
Views: 2626197

Re: U.S. stocks in free fall

So far in this credit zombie apocalypse, foreign DM and EM have held up better than USA stocks in dollar terms. At least in my portfolio. I wouldn't have predicted that, but this is knocking the shine off the US stocks. I've temporarily directed cash flow to US equities to keep them at the level I ...
by StrangePenguin
Sat Mar 07, 2020 11:55 am
Forum: Personal Investments
Topic: Wash Sale Question: VOO & VTI Substantially Identical?
Replies: 88
Views: 4493

Re: Wash Sale Question: VOO & VTI Substantially Identical?

I do not believe is an issue where you swap from one mutual fund to an entirely different fund even if they track the same index. For example, I don't believe selling Vanguard S&P 500 ETF (VOO) and buying iShares S&P 500 Index (IVV) is a tax wash. These are two unrelated funds run by unrelated comp...
by StrangePenguin
Fri Mar 06, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18784
Views: 2626197

Re: U.S. stocks in free fall

A coworker just stopped by my desk to chat and mentioned that a few days ago he went to 50% bonds. Average Joes are making panicky moves. (So far he's come out well ahead by doing this, of course. The trick is getting back in at the right time.) I am actually sitting on a wad of new cash (bonus) tha...
by StrangePenguin
Thu Mar 05, 2020 3:43 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 64
Views: 7002

Re: How is Merrill Edge?

For Merrill Edge, the main thing I don't like is that doing Roth conversions requires a phone call. You can't just do it online like you can with Vanguard or other online brokers. At least I think they allow you to keep your traditional IRA open after it zero's out. Before, they would close it ever...
by StrangePenguin
Sat Feb 29, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: new VG dashboard [New Vanguard home page]
Replies: 47
Views: 2782

Re: new VG dashboard

This is the old layout that was in use until a few years ago. Not sure why they reverted to this. Yep. I suspect the recent performance issues people have been making threads about may have been due to throughput issues related to the modern design (and the infra behind it) and they've reverted fol...
by StrangePenguin
Thu Feb 27, 2020 7:41 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296677

Re: Coronavirus and the market

I was ready to buy a bit today, but I'm not sure we are close to the end of bad news and unknown, unknowns. Like this, https://www.washingtonpost.com/health/2020/02/26/coronavirus-raises-fears-us-drug-supply-disruptions/ To me this is the most concerning about about the covid 19 outbreak. Wow, that...
by StrangePenguin
Thu Feb 27, 2020 6:34 pm
Forum: Personal Investments
Topic: Merrill Edge Money Market Options
Replies: 3
Views: 306

Re: Merrill Edge Money Market Options

I have not used mutual funds at Merrill Edge, but you can also consider ultra-short bond ETFs. Especially in an IRA where you don't have to worry about capital gains. ICSH is a popular choice. It invests in corporate debt, so theoretically a bit less safe than a US govt-only fund such as SHV, but yo...
by StrangePenguin
Thu Feb 27, 2020 6:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18784
Views: 2626197

Re: U.S. stocks in free fall

The bull had a great long run. Enjoyed the ride! Now those in the accumulation phase are rejoicing. Well, maybe. I was fairly pleased to see the December 2018 drop, because it was caused by a hot economy causing the Fed to raise interest rates. That seemed like a "return to normality" that would ju...
by StrangePenguin
Thu Feb 27, 2020 5:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18784
Views: 2626197

Re: U.S. stocks in free fall

Plenty of time to buy, not going to rush in... with the current economic climate the market is not going to do a 180 and suddenly head for the races any time soon as there is virtually no reason to do that unless something like the Fed steps in. There is much more downside risk than upside at this ...
by StrangePenguin
Thu Feb 27, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18784
Views: 2626197

Re: U.S. stocks in free fall

S&P 500 at -2% at the opening bell.
by StrangePenguin
Tue Feb 25, 2020 2:45 pm
Forum: Personal Investments
Topic: Time to Tax-loss harvest?
Replies: 14
Views: 1167

Re: Time to Tax-loss harvest?

good points all. Makes sense to do it for a substantial amount and also to be mindful that you may be holding the alternate positions longer than 31 days That's why ITOT and VT seem like good funds for this purpose. Question about nitty -gritty of TLH- if you file MFJ, do you have to ensure neither...
by StrangePenguin
Sun Feb 23, 2020 6:02 pm
Forum: Personal Consumer Issues
Topic: Job placement Physical Therapy Assistant
Replies: 3
Views: 386

Re: Job placement Physical Therapy Assistant

I don't actually have any expertise to offer beyond having recently been in physical therapy as a patient. But there seem to be a zillion clinics out there, at least in major metro areas. So I would think that jobs are plentiful and maybe all you need to do is look for clinics that have job postings...
by StrangePenguin
Tue Feb 18, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge Bonus on Taxable - 1099?
Replies: 8
Views: 1100

Re: Merrill Edge Bonus on Taxable - 1099?

My bonus shows up on my Merrill 1099-MISC as "Other Income". That's very interesting. The 1099-MISC in my Merill tax document PDF shows only zeroes, including box 3 "Other Income". Just doing some quick searching, it appears the brokerage may not be required to file Form 1099-MISC if the bonus is b...
by StrangePenguin
Tue Feb 18, 2020 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge Bonus on Taxable - 1099?
Replies: 8
Views: 1100

Re: Merrill Edge Bonus on Taxable - 1099?

My bonus shows up on my Merrill 1099-MISC as "Other Income". That's very interesting. The 1099-MISC in my Merill tax document PDF shows only zeroes, including box 3 "Other Income". Just doing some quick searching, it appears the brokerage may not be required to file Form 1099-MISC if the bonus is b...
by StrangePenguin
Mon Feb 17, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge Bonus on Taxable - 1099?
Replies: 8
Views: 1100

Re: Merrill Edge Bonus on Taxable - 1099?

jimmyg wrote:
Mon Feb 17, 2020 9:19 pm
My bonus shows up on my Merrill 1099-MISC as "Other Income".
That's very interesting. The 1099-MISC in my Merill tax document PDF shows only zeroes, including box 3 "Other Income".
by StrangePenguin
Mon Feb 17, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge Bonus on Taxable - 1099?
Replies: 8
Views: 1100

Re: Merrill Edge Bonus on Taxable - 1099?

Bumping this old thread because, years later, I find myself puzzled by the same thing. I got a bonus from Merrill Edge in 2019. I am now going through my 1099s from Merrill and am surprised that I don't see that bonus reported anywhere. I got a bonus from Bank of America as part of the same exercise...
by StrangePenguin
Sat Feb 15, 2020 12:55 pm
Forum: Investing - Theory, News & General
Topic: Why aren't Asian stock markets down due to coronavirus?
Replies: 63
Views: 6263

Re: Why aren't Asian stock markets down due to coronavirus?

I checked the chart for the "SSE Composite Index" which is one of the Chinese stock indices. https://finance.yahoo.com/quote/000001.SS?p=000001.SS There was an approximately 10% drop due to the coronavirus outbreak. More than half the drop has now been recovered. There is no question that the short-...
by StrangePenguin
Thu Feb 13, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity is late with 1099
Replies: 49
Views: 4413

Re: Fidelity is late with 1099

A quick Google search says that 2/15 is the "headline" deadline but a couple weeks ago my Merrill Edge account started showing a notice about how they were allowed to get an extension until the end of the month or some mumbo jumbo like that. Ironically, a few days ago my 1099 at ME appeared! I also ...
by StrangePenguin
Sun Feb 09, 2020 8:32 pm
Forum: Investing - Theory, News & General
Topic: Bond Funds Are Hotter Than Tesla [by Jason Zweig, WSJ article]
Replies: 29
Views: 4016

Re: Bond Funds Are Hotter Than Tesla [by Jason Zweig, WSJ article]

Vanguard Tax-Exempt Bond, available as both a mutual fund and an ETF, took in $2.7 billion--growing by more than two-thirds in a single year One quibble I have with the article -- where do these numbers come from? The assets on Vanguard Intermediate Term Muni (VWIUX) are much, much larger than a fe...
by StrangePenguin
Sun Feb 09, 2020 8:27 pm
Forum: Investing - Theory, News & General
Topic: Bond Funds Are Hotter Than Tesla [by Jason Zweig, WSJ article]
Replies: 29
Views: 4016

Re: Bond Funds Are Hotter Than Tesla [by Jason Zweig, WSJ article]

This means nothing to a buy and hold stay the course investor. Set an asset allocation between stocks and bonds and tune out the market porn. Did you read the article? It is actually quite reasonable and suggests that with the huge returns in the stock market last year, there are inflows to bond fu...
by StrangePenguin
Wed Jan 29, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Fidelity lets clients now trade fractional shares of stocks and ETFs
Replies: 174
Views: 16035

Re: Fidelity lets clients now trade fractional shares of stocks and ETFs

This is pretty nice.

I assume the emphasis in the press release on trading in the mobile app is marketing fluff, and they will also have this feature available in the web-based platform?
by StrangePenguin
Sat Jan 18, 2020 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17044

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

Would you all even try to have a conversation about these things with them, or keep quiet? When something happens that you would think would make them snap into reality, they still don't get it. When they were getting evicted a couple years ago, they said it was a misunderstanding and that they wou...
by StrangePenguin
Sat Jan 18, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: Placing Buy Orders early on a long weekend
Replies: 2
Views: 329

Re: Placing Buy Orders early on a long weekend

For exchanging one Mutual Fund for another, I'm surprised that you had to sell and wait before buying again. Couldn't you have placed an order to exchange one fund for another and have the sell and buy happen at the same time? In any case, what's done is done. For the MF orders, the only reason not ...
by StrangePenguin
Sat Jan 11, 2020 11:56 pm
Forum: Personal Consumer Issues
Topic: Medical Billing, is this typical?
Replies: 51
Views: 4913

Re: Medical Billing, is this typical?

Well, things got even more interesting. I just got a bill from the lab for blood tests and the total is $2,900 :annoyed :annoyed As everyone else said, this whole thing sounds very shady. As you analyze the situation (and tell us about it), keep all of the details straight. Each test billed by the ...
by StrangePenguin
Sun Jan 05, 2020 8:18 pm
Forum: Investing - Theory, News & General
Topic: Schiller's article on CAPE in NYT today
Replies: 147
Views: 11892

Re: Schiller's article on CAPE in NYT today

I read that piece and found it...strange, and unusually polemical. Yes, valuations are high. Search the forum for CAPE and you'll find many discussions of the subject on this board. Your asset allocation isn't quite clear to me (1/3 of 40% is 28%???) but it sounds like you are already quite conserva...
by StrangePenguin
Thu Jan 02, 2020 7:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5580
Views: 478311

Re: U.S. stocks continue to soar!

I was surprised to see that REIT funds got hammered (in the vicinity of -1%) today. Sometimes they have an anomalous bad day when interest rates go up, but that didn't happen today.
by StrangePenguin
Thu Jan 02, 2020 2:40 pm
Forum: Investing - Theory, News & General
Topic: Going from 24 to 26 pay cycles [Impact on 401(k) contributions?]
Replies: 27
Views: 1494

Re: Going from 24 to 26 pay cycles

Chadnudj wrote:
Thu Jan 02, 2020 2:32 pm
The real trick is to learn to budget as if you only receive 2 paychecks a month, and then plow the 2 times a year you receive a third paycheck in a month into investing/savings/debt reduction.
I do this! (I save money from each normal check as well)
by StrangePenguin
Fri Dec 13, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Hospital wants me to prepay for procedure. Normal?
Replies: 84
Views: 23041

Re: Hospital wants me to prepay for procedure. Normal?

I'm reviving this old thread to see if anybody has any personal experience with this. I guess it is becoming more and more common ( https://www.vox.com/policy-and-politics/2018/1/23/16920768/medical-billing-prepay-surgery ). My SO recently had surgery (not elective). The day before the surgery (whi...
by StrangePenguin
Wed Dec 11, 2019 5:08 pm
Forum: Personal Investments
Topic: How is tax assessed on Treasury or Muni Bond Index Funds?
Replies: 4
Views: 501

Re: How is tax assessed on Treasury or Muni Bond Index Funds?

One finer point about owning funds that contain Federal debt (that includes a Treasury fund but also any fund that owns Treasuries like a Total Bond Fund) -- you have to manually enter the amount of the distributions from the fund that comes from "[Federal] Government sources". Those distributions a...
by StrangePenguin
Wed Dec 11, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1907
Views: 207255

Re: [What TV Show Have You Recently Watched?]

We have been enjoying "A French Village", which is a French-language show about the travails of a small town in France living under the Nazi occupation during WW2. (Season 1 is available on Amazon Prime. Annoyingly Prime only has some of the seasons, not all of them.) The town is situated in the occ...
by StrangePenguin
Tue Dec 10, 2019 2:22 pm
Forum: Personal Investments
Topic: Tax Gain Harvesting at Vanguard
Replies: 29
Views: 1659

Re: Tax Gain Harvesting at Vanguard

^Note that December 24th, the market closes early, so if you do this, make sure you place order before the market closes early. Also an update on my experiment: It seems I screwed up the auto invest date by one day. So I am selling today and buying tomorrow. I'll have to repeat the experiment in a ...
by StrangePenguin
Mon Dec 09, 2019 2:49 pm
Forum: Personal Investments
Topic: Tax Gain Harvesting at Vanguard
Replies: 29
Views: 1659

Re: Tax Gain Harvesting at Vanguard

With mutual funds, you will want to exchange into another mutual fund. VFIAX (S&P500) would be a good choice. You will be out of the market for literally no time. I suspect Vanguard will not let you re-buy VTSAX for 30 days. This has nothing to do with taxes -- it is just Vanguard's rules against fr...
by StrangePenguin
Tue Dec 03, 2019 2:07 pm
Forum: Personal Investments
Topic: SPY vs. VOO
Replies: 12
Views: 797

Re: SPY vs. VOO

Investing my first 6k into a roth and trying to decide which ETF to choose in order to most successfully track the S&P 500. From what I have read the only major difference is SPY's trading volume (I'm planning to hold this for the VERY long-term). VOO has a slightly lower expense ratio and has perf...
by StrangePenguin
Sat Nov 30, 2019 3:24 pm
Forum: Personal Investments
Topic: Fidelity value(FLCOX) vs vanguard value (VVIAX)
Replies: 15
Views: 790

Re: Fidelity value(FLCOX) vs vanguard value (VVIAX)

I'm looking to add a value component to my 401k at Fidelity What funds are offered in your employer's 401k plan? Is the Fidelity BrokerageLink available in your employer's 401k plan? Are there restrictions on what you can purchase using that feature? I have access to pretty much any fund though cer...
by StrangePenguin
Fri Nov 22, 2019 1:52 pm
Forum: Personal Investments
Topic: Effect of 27 Paychecks in 2020 to TSP
Replies: 30
Views: 2910

Re: Effect of 27 Paychecks in 2020 to TSP

Interesting. My pay is on the same schedule (first check Jan 2) and I hadn't noticed until seeing this post that next year is likely to be a "27 paycheck year". Might make some things like HSA contributions a bit weird. Thanks for pointing this out!
by StrangePenguin
Wed Nov 20, 2019 2:44 pm
Forum: Personal Consumer Issues
Topic: Warning about Uber Pool billing
Replies: 24
Views: 2883

Re: Warning about Uber Pool billing

Do you mind if I ask what city? Just curious. Also, was this the "you may have to walk a few minutes" variant of Uber Pool, or the "pick you up at your exact location" version?
by StrangePenguin
Tue Nov 19, 2019 5:54 pm
Forum: Personal Investments
Topic: Am I diverse or my funds too similar?
Replies: 21
Views: 1320

Re: Am I diverse or my funds too similar?

Welcome to the forum! All of the funds you currently own are fine except for the mid-cap fund -- as you noted, the expenses are too high. Don't buy any more of it, and consider selling it. For a $4k investment, the gains probably aren't too big, and if you have owned the shares for over 1 year then ...