Search found 20 matches

by Postergirl
Tue Oct 08, 2019 3:52 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

You would be better off without the high-fee advisor that designed this complicated portfolio. Instead, hold fewer lower-cost more-diversified funds or ETFs. Has ML stepped-up the cost basis properly to the cost at the time you inherited? Are you able to transfer your account in-kind to a self-mana...
by Postergirl
Mon Oct 07, 2019 11:46 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

Are these all your possible choices, or are you actually invested in each of the funds listed? Also, is it in a taxable or tax-deferred account? It is a taxable account and I am invested as the money was inherited and transferred to a new account at Merrill Lynch with the same advisor. I'm sorry to...
by Postergirl
Mon Oct 07, 2019 11:44 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

Northern Flicker wrote:
Mon Oct 07, 2019 11:34 pm
Unlikely the situation cannot be fixed. I misread VCSH as VGSH when I mentioned it in a prior posting. Do you live in a state with state income tax?
Yes, and city too.
by Postergirl
Mon Oct 07, 2019 11:07 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

I meant to ask, what is a “step-up in cost basis”? How does that minimize tax liability? You are taxed on a capital gain when you sell. The gain is the difference in selling price and acquisition price (basis). When you inherit shares, the basis is set to the trading price in the day you took posse...
by Postergirl
Mon Oct 07, 2019 8:42 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

After I turn off the reinvesting as you instructed, I will look to transfer to probably Vanguard for a much simpler set of funds. I use (and am happy with) Vanguard for my Taxable account. You call your ML a cash management account (CMA). Are you using it only as a brokerage account or are you usin...
by Postergirl
Mon Oct 07, 2019 8:01 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

How can I tell if they did the step-up cost basis properly? When I continued with the advisory, the account went from all bonds to the allocation above. It was done by ML advisory. If 100% of your Inherited holdings were sold and proceeds reinvested, the cost basis of the new holdings should be fin...
by Postergirl
Mon Oct 07, 2019 7:43 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

You would be better off without the high-fee advisor that designed this complicated portfolio. Instead, hold fewer lower-cost more-diversified funds or ETFs. Has ML stepped-up the cost basis properly to the cost at the time you inherited? Are you able to transfer your account in-kind to a self-mana...
by Postergirl
Mon Oct 07, 2019 7:25 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

I see that this is inherited. Assuming that was fairly recent there will very little gain or loss to deal with (i.e. tax consequences) so just go ahead and sell everything. Transfer the resulting cash to Vanguard. With the help of people here and by READING THE INTRODUCTORY PARTS OF THE WIKI (see h...
by Postergirl
Mon Oct 07, 2019 7:16 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

I meant to ask, what is a “step-up in cost basis”? How does that minimize tax liability?
by Postergirl
Mon Oct 07, 2019 6:59 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

Are these all your possible choices, or are you actually invested in each of the funds listed? Also, is it in a taxable or tax-deferred account? It is a taxable account and I am invested as the money was inherited and transferred to a new account at Merrill Lynch with the same advisor. If inherited...
by Postergirl
Mon Oct 07, 2019 6:49 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

Thanks for the quick response. You should reduce the number of funds by going to a broad based index fund. You could also consider an all in one fund or life strategy fund where the balancing is fine for you. I am considering leaving ML—would I need to do that before a transfer? Would this trigger ...
by Postergirl
Mon Oct 07, 2019 6:39 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

bloom2708 wrote:
Mon Oct 07, 2019 6:32 pm
Too many funds. Only one over 5%.

How do you know what the “right” percentage is of each fund?

How do you rebalance?
The advisor did the allocation and rebalance, or it seems to be automated.
by Postergirl
Mon Oct 07, 2019 6:37 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

Re: How is this portfolio—is it on the right track?

retired@50 wrote:
Mon Oct 07, 2019 6:24 pm
Are these all your possible choices, or are you actually invested in each of the funds listed?

Also, is it in a taxable or tax-deferred account?
It is a taxable account and I am invested as the money was inherited and transferred to a new account at Merrill Lynch
with the same advisor.
by Postergirl
Mon Oct 07, 2019 6:20 pm
Forum: Personal Investments
Topic: How is this portfolio—is it on the right track?
Replies: 33
Views: 2063

How is this portfolio—is it on the right track?

I am new to investing and could use some advice about my cma portfolio. We are getting close to retirement (about four years). This is a moderate risk, passive management style portfolio with a 10 yr horizon: Fund symbol/name Current Yield %portfolio Expense ratio XLC Comm Services 0.94% 3.24% 0.13 ...
by Postergirl
Wed Oct 02, 2019 4:52 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 8029

Re: Recourse for "Stolen" Money

Some one who sells you tickets to the game, accepts your money, and does not provide them before game time is NOT "legit." You don't really have any options. If the guy is who he says he is and admits that to the cops, filing a police report might get you some measure of satisfaction. But it's unli...
by Postergirl
Wed Oct 02, 2019 4:23 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 8029

Re: Recourse for "Stolen" Money

Some one who sells you tickets to the game, accepts your money, and does not provide them before game time is NOT "legit." You don't really have any options. If the guy is who he says he is and admits that to the cops, filing a police report might get you some measure of satisfaction. But it's unli...
by Postergirl
Wed Oct 02, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 8029

Re: Recourse for "Stolen" Money

Try filing a report with the state Attorney General; this doesn’t cost anything except a little time. https://www.google.com/search?q=file+complaint+with+attorney+general&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari If it doesn’t get him to do the right thing, he might think twice if he has plans to con...
by Postergirl
Sat Aug 31, 2019 10:55 am
Forum: Personal Investments
Topic: Transfer to Merrill Edge from advisory acct
Replies: 10
Views: 793

Re: Transfer to Merrill Edge from advisory acct

Doesn't look like you would but double check to make sure you won't create a taxable event. All the best I don’t think there should be a taxable event since the funds would be transferred in house and in-kind. Everything should be exactly the same except there’s no advisor. Please correct me if I’m...
by Postergirl
Fri Aug 30, 2019 4:30 pm
Forum: Personal Investments
Topic: Transfer to Merrill Edge from advisory acct
Replies: 10
Views: 793

Re: Transfer to Merrill Edge from advisory acct

Thanks, No I haven’t contacted ML yet—I’m not sure I would get a response over a holiday weekend. I am avoiding the advisor for that very reason; he will try to retain clients and try to convince me to transfer to wherever he is going. I was hoping it was something that could be done online, but the...
by Postergirl
Fri Aug 30, 2019 3:00 pm
Forum: Personal Investments
Topic: Transfer to Merrill Edge from advisory acct
Replies: 10
Views: 793

Transfer to Merrill Edge from advisory acct

I have Merrill Lynch advisory accounts that “came with” an advisor through an inheritance. I kept him on, but now I wish I just took the accounts elsewhere. While I decide what to do next, I was considering transferring the funds in kind to the self-guided Merrill Edge accounts. Now this advisor has...