Search found 313 matches

by MisterMister
Sat Oct 17, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: I Bonds are a screaming buy - Tipswatch
Replies: 163
Views: 29822

Re: I Bonds are a screaming buy - Tipswatch

I am understanding that my wife and I can each get $10k and overpay our taxes by $5k and get the refund as a paper I-bond and then convert it to a digital I-bond. For a total of $25k/year - Is this not correct ? The Trust sounds like a nice addition... Yes, I am planning to do this for 2020. You ju...
by MisterMister
Thu Jun 11, 2020 11:24 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10405
Views: 821755

Re: U.S. stocks continue to soar!

Lump summed 18k today (now 40% of my invested assets), I hope that the soaring doesn't stop :mrgreen: May I ask as to what you lump summed into? I keep hearing the siren song of TINA (just want to try and make sure I'm not lured by FOMO). I'm still adding a bit here and there to VOO/VTI - but, I ad...
by MisterMister
Sat May 23, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39617

Re: The axe falls and I am prepared. What's next?

You could refinance your mortgage to a lower rate. There are 30 year mortgages under 3% with $0 closing costs right now. I am curious how that works for someone with strong assets but limited income. It could complicate things substantially. For that reason, and only that reason, I would keep the m...
by MisterMister
Sat May 23, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 407
Views: 39617

Re: The axe falls and I am prepared. What's next?

In my late 40s, also as an IT engineer, I found myself unemployed at a rare time when finding an IT position was somewhat difficult. After a number of months I found a fledgling software company which needed my skills, but could not pay market rates. I happily accepted a 35% cut to become re-employe...
by MisterMister
Mon May 11, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5947

Re: At what moment does retirement begin?

For your retirement, at what moment will it, or did it actually begin? Maybe the standard time is midnight just as the date changes, like on the New Year. But since it’s YOUR RETIREMENT you can pick the moment, correct or not? I’m thinking my retirement will begin at sunrise on the first day. I’m p...
by MisterMister
Mon May 11, 2020 9:33 am
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5947

Re: At what moment does retirement begin?

... If I wanted to work, I could find a job, and so could most anyone else. Granted, it might not be exactly the job you'd hope for or have the pay you'd hope for. I'm not sure even a major handicap could force me to have that mindset, given how many job programs there are for the disabled. I am af...
by MisterMister
Sun May 10, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Trying To Determine Monthly SS Increase After FRA
Replies: 6
Views: 638

Re: Trying To Determine Monthly SS Increase After FRA

I believe AnyPIA will also do what you want (https://www.ssa.gov/OACT/anypia/download.html), but be prepared to do a lot of data entry because you need to manually enter earnings for your working career. The numbers themselves are, of course, available on your annual SS statement. Like you, I am def...
by MisterMister
Sat May 09, 2020 8:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard May 7 Webcast
Replies: 19
Views: 1928

Re: Vanguard May 7 Webcast

Many of you may know Vanguard had a live web cast yesterday concerning investing in the current climate. Did they say anything about their forecast for investing in international stocks and bonds? I don't recall whether they addressed that in the Webcast, but from Eagle33's post above (see his sour...
by MisterMister
Fri May 08, 2020 10:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard May 7 Webcast
Replies: 19
Views: 1928

Re: Vanguard May 7 Webcast

I was wondering if others had seen the broadcast and had thoughts, and also whether there is any further detail for the 6-7% estimate on Vanguard or elsewhere. I am wondering how the notion of an improved forecast is supported by changing conditions that seem extremely negative. A couple weeks ago ...
by MisterMister
Fri May 08, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage vs 30 year payoff in 15
Replies: 41
Views: 3669

Re: 15 year mortgage vs 30 year payoff in 15

Really all the other answers are the most important and it boils down to whether this is a house that is a wise purchase for you given the stability of your job and your income. Seems like a stretch, for sure. However, a couple of minor notes on your math and payment options in case you do choose to...
by MisterMister
Fri May 08, 2020 12:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard May 7 Webcast
Replies: 19
Views: 1928

Re: Vanguard May 7 Webcast

Previous posts make good sense; reduced price for the same earnings will obviously boost the percentage. The question is what price and what earnings. Realizing that is simplistic I am still assuming the was not just a complete WAG by Vanguard and that they could explain their adjustment.
by MisterMister
Fri May 08, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: Vanguard May 7 Webcast
Replies: 19
Views: 1928

Vanguard May 7 Webcast

Many of you may know Vanguard had a live web cast yesterday concerning investing in the current climate. There were several points made during the session that surprised me. 1. Vanguard is using revised estimates for equities earnings over the next decade. They have moved to 6-7% vs 4%. 2. Vanguard ...
by MisterMister
Tue May 05, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10405
Views: 821755

Re: U.S. stocks continue to soar!

Up, up and away! I bet a lot of BHs here made 5/6 figures based on today's rise so far. Meh. Last Wednesday the market went up 2.7%. The next two days it dropped 3.7%. SPY did. QQQ did a lot better. True; when referring to the "market" without a qualifier most would assume SP500 these day...
by MisterMister
Tue May 05, 2020 10:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 10405
Views: 821755

Re: U.S. stocks continue to soar!

InvestingGeek wrote: Tue May 05, 2020 10:30 am Up, up and away! I bet a lot of BHs here made 5/6 figures based on today's rise so far.
Meh. Last Wednesday the market went up 2.7%. The next two days it dropped 3.7%.
by MisterMister
Sun May 03, 2020 10:43 am
Forum: Investing - Theory, News & General
Topic: I Bonds are a screaming buy - Tipswatch
Replies: 163
Views: 29822

Re: I Bonds are a screaming buy - Tipswatch

As expected, the one-year APY of an I-Bond purchased on 4/30/2020 and redeemed on 4/1/2021 will be competitive, if slightly under current one-year CD rates at 1.57% (considering you're just holding the bond about 11 months and factoring in the 3-month penalty). However the TEY could beat CD rates if...
by MisterMister
Thu Apr 30, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: I Bonds are a screaming buy - Tipswatch
Replies: 163
Views: 29822

Re: I Bonds are a screaming buy - Tipswatch

I didn't realize the lag time was there. I thought inflation from Nov to Apr would be applied for the next 6 months, no? The inflation from September to March (which is announced in April) will be applied when each I-bond starts its next 6-month period starting in May. So if you buy in May or Novem...
by MisterMister
Wed Apr 29, 2020 2:26 pm
Forum: Investing - Theory, News & General
Topic: I Bonds are a screaming buy - Tipswatch
Replies: 163
Views: 29822

Re: I Bonds are a screaming buy - Tipswatch

Think this is the last day to get a purchase in for I-Bonds on the April rate. My purchase today shows an issue date of 4/30. The rate, while paltry historically, is still better than most current one-year CD rates if that's an alternative someone is considering. That's true even after deducting the...
by MisterMister
Tue Apr 14, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320681

Re: Coronavirus and the market

Neel Kashkari of the Fed said this yesterday. Kashkari, while acknowledging the downside of what a prolonged shutdown could mean for the economy, said the U.S., “barring some health-care miracle,” is looking at an 18-month strategy of rolling shutdowns based on what has happened in other countries....
by MisterMister
Tue Apr 07, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320681

Re: Coronavirus and the market

firebirdparts wrote: Tue Apr 07, 2020 10:56 am So it's obvious we are in the disease recovery phase now, and yippee we're having a big rally, but 2nd quarter earnings are still 4 months away almost.
While I don't know how many companies took advantage of it, companies were also allowed to defer 1Q reporting for 45 days due to this crisis.
by MisterMister
Tue Apr 07, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320681

Re: Coronavirus and the market

... Supplemental O2, respirators, ventilators are all treatments. I'd respectfully call those life support, not treatment. They only increase survival rates insofar as they allow you to stay alive long enough for your body to fight the disease, but provide no help specific to this particular disease.
by MisterMister
Sat Mar 28, 2020 8:48 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320681

Re: Coronavirus and the market

I'm wondering whether others think that stocks are likely to go down significantly on Monday and the rest of next week. The rate of increases in global cases is still climbing, and deaths are increasing at a faster pace as well. Increased testing is surely part of the reason for increased cases, bu...
by MisterMister
Wed Mar 25, 2020 11:36 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320681

Re: Coronavirus and the market

Well I knew it would come. Negative rates happening on short term treasuries. All this CV spending does come at a cost. What cost? Lots of deficit spending usually increases rates, mainly from a fear of inflation but also some boost in real growth. Makes sense normally, we’ll see how it plays out. ...
by MisterMister
Wed Mar 25, 2020 10:17 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320681

Re: Coronavirus and the market

Well I knew it would come. Negative rates happening on short term treasuries.

All this CV spending does come at a cost.
by MisterMister
Wed Mar 18, 2020 7:57 am
Forum: Investing - Theory, News & General
Topic: U.S. bonds in freefall
Replies: 82
Views: 11467

Re: U.S. bonds in freefall

Any way to get a clue where a mutual fund like Fidelity intermediate Treasury bond fund might end the day before the end actually comes? Thinking of just riding in MM for a while but don’t want to get burned too badly on the exit.
by MisterMister
Thu Mar 12, 2020 5:40 pm
Forum: Investing - Theory, News & General
Topic: U.S. bonds in freefall
Replies: 82
Views: 11467

Re: U.S. bonds in freefall

Important to clarify that BND is an ETF and far different than owning an actual bond fund, or even better, actual bonds. As you may know the Fed injected massive amounts of money today into supporting liquidity. Either too late or not enough to solve today's issues. Can you support this too late or...
by MisterMister
Thu Mar 12, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. bonds in freefall
Replies: 82
Views: 11467

Re: U.S. bonds in freefall

Important to clarify that BND is an ETF and far different than owning an actual bond fund, or even better, actual bonds. True it is more volatile but I suspect the bond mutual funds will be lower by nearly the same closing amount. As you may know the Fed injected massive amounts of money today into...
by MisterMister
Wed Mar 11, 2020 8:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

willthrill81 wrote: Wed Mar 11, 2020 8:27 pm
It's probably the 1 month ban on non-essential travel to Europe (excluding U.K.).

Ladies and gentlemen, buckle up. This ain't over and won't be for a while.
and an emotional response because Tom Hanks and his wife just announced they have CV
by MisterMister
Wed Mar 11, 2020 2:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

Ugh. 40/60 (45/55 two weeks ago) here and with bond portion down almost 1% this will easily be the biggest one day drop in my PF ever. Won't be selling anything, and haven't, but I think I will swap out Fidelity's Zero funds for their portable counterparts. I might want to move some of my accounts t...
by MisterMister
Mon Mar 09, 2020 11:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

H-Town wrote: Mon Mar 09, 2020 11:55 am PSA: today is a good day to look at your portfolio for TLH opportunities.
It could also be a good time for some Roth conversions.
by MisterMister
Mon Mar 09, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

For those that are panicking, has anyone considered using Vanguard PAS temporarily to get you through this tough time? A relative uses them. If you're a diehard BH advocate, they will do things about as you would do (3-fund portfolio; not sure about AA but my relative is in middle sixties and is 40...
by MisterMister
Mon Mar 09, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

I don't really quite understand the point of circuit breakers. Does 15 minutes really change anything? If someone wanted to panic sell, I doubt he'd be deterred by 15 minutes of waiting - in fact, he might have gone crazy or popped a couple of pills by then. I was actually ready at the market open ...
by MisterMister
Mon Mar 09, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

BogleMelon wrote: Mon Mar 09, 2020 9:42 am No it wouldn't prevent it from further drops. a 15 minutes halt at -7%, then after resuming the drop could go further down till it reaches -13%
Good point. We may find out given current volatility levels.
by MisterMister
Mon Mar 09, 2020 9:31 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

Ah well, looks like we bounced off the circuit breaker for now. The day is still young of course but at the moment looks like we won't break into the top 20 worst days (% wise) let alone the top 5 (need worse than -9.27% to break into the top 5). Anyone know if we hit -7% again today if that causes...
by MisterMister
Mon Mar 09, 2020 9:25 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

Ah well, looks like we bounced off the circuit breaker for now. The day is still young of course but at the moment looks like we won't break into the top 20 worst days (% wise) let alone the top 5 (need worse than -9.27% to break into the top 5). Anyone know if we hit -7% again today if that causes...
by MisterMister
Mon Mar 09, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

If we were "lucky" enough to close right now, my numbers say we'd be less than 1% above the bear market point (-20% off peak) for both the DOW and the SP500. Someone will correct me if I'm wrong.
by MisterMister
Mon Mar 09, 2020 12:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

Anecdotally, it sure seems like most of the prognostications on this forum are that things will continue to worsen and equity prices will fall further. I wonder how many are acting upon these ... hunches. If people are that confident, they should be selling now to buy back in later, or buying short...
by MisterMister
Mon Mar 09, 2020 12:04 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

Anecdotally, it sure seems like most of the prognostications on this forum are that things will continue to worsen and equity prices will fall further. I wonder how many are acting upon these ... hunches. If people are that confident, they should be selling now to buy back in later, or buying short...
by MisterMister
Sun Mar 08, 2020 5:50 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 197971

Re: Coronavirus and the market

The market was actually up a little last week. Personally I think things are worse than they are letting on - but that doesn't matter. My wife received a message from her boss who is very close to the CEO of a sizeable corporation - who indicated that friends and family really need to prepare for w...
by MisterMister
Sun Mar 08, 2020 2:23 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 197971

Re: Coronavirus and the market

55% Americans have less than $1000 saved and many have to work multiple jobs to pay their bills. Many of them work in the services industry - retail, restaurants -- much of it with some customer interaction. They cannot afford to take time off work.. with many people only having minor symptoms like...
by MisterMister
Fri Mar 06, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4076
Views: 320681

Re: Coronavirus and the market

Back to Michael Maoubussin's books - the cost of missing a handful of best days in the market is brutal to long run returns. It's almost impossible to get in before the turn. When things do decisively turn (and I expect there will be several false dawns) then markets will move up, a lot. In a relat...
by MisterMister
Thu Feb 27, 2020 4:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

Doc wrote: Thu Feb 27, 2020 3:54 pm .
.
Don't need no stinky spreadsheet. Still have my sliderule.

But your remark and maybe the spreadsheet assumes you were 50/50 at the start of the correction. Mine was lower than that.
Thanks for a much needed laugh; they're in short supply this week.
by MisterMister
Thu Feb 27, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

BUY BUY BUY Market hit the correction point. My AA is 50/50 so a 10% decline hits a rebalncing limit. :beer Actually if you are 50/50 with 5% bands you need better than an 18% drop in stocks to hit the 5% rebalancing band (a bit smaller drop will do it if bonds have moved up in value). See https://...
by MisterMister
Tue Feb 25, 2020 4:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830760

Re: U.S. stocks in free fall

Who is buying? I purchased $10,000 of VTSAX ( Vangaurd Total Stock Market Index) just before 4pm close today. I did exactly the same thing (10K VTSAX) at about the same time.... yesterday. Inasmuch as the news keeps getting worse, and I already am down about 3% from yesterday's purchase, I did not ...
by MisterMister
Tue Feb 18, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Missed 1099-R Not taxable: File amended return
Replies: 3
Views: 275

Re: Missed 1099-R Not taxable: File amended return

Thanks to the responders. Makes sense.

I peeked at the 1040-x and unless I'm missing it there doesn't even seem to be a line item available to make the necessary corrections. I guess that settles the matter once and for all.
by MisterMister
Tue Feb 18, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Missed 1099-R Not taxable: File amended return
Replies: 3
Views: 275

Missed 1099-R Not taxable: File amended return

Never fails, always something... One day after e-filing, I just received a 1099-R for spouse. It was a trustee-to-trustee rollover of 401k to IRA: box 2a: 0 box 7: G I thought these were due by 1/31, rather than mid-Feb? I guess it's time for me to start waiting until at least Mar 1 to file. Anyway,...
by MisterMister
Mon Jan 27, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 2019 U.S. government obligations information
Replies: 16
Views: 1763

Re: Vanguard 2019 U.S. government obligations information

Wondering how one obtains this information Vanguard's site. My search found the same document, but it was for 2015!
by MisterMister
Thu Jan 02, 2020 8:49 pm
Forum: Personal Investments
Topic: Can I cancel a recent IRA contribution?
Replies: 21
Views: 4200

Re: Can I cancel a recent IRA contribution?

Old thread but I expect others will bounce into here soon. It looks to me as if several posters are worried that they will receive a 1099-R and then have to pay tax on an excess contribution. But from Alan S. very detailed response, this should only be a worry if Fidelity improperly prepares the 109...
by MisterMister
Tue Dec 24, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: CitiCard: Convert Dividend to Double Cash
Replies: 9
Views: 836

Re: CitiCard: Convert Dividend to Double Cash

I would not convert your Dividend card. If you want the Double Cash card, apply for that separately. The Dividend card is unique in the 5% card world as it doesn't limit you to $1500 spend per quarter like the other 5% cards (Freedom, Discover IT). Instead, it limits you to $6000 yearly spend on 5%...
by MisterMister
Mon Dec 23, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: CitiCard: Convert Dividend to Double Cash
Replies: 9
Views: 836

Re: CitiCard: Convert Dividend to Double Cash

Not sure why you would do this. Instead you can open the Double Cash as an additional card and if timed right they do promotions. I opened the Double Cash about a year ago and they had a $100 sign up bonus for spending a certain amount. Recently retired and deferring SS, so I don't want to have to ...
by MisterMister
Mon Dec 23, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: CitiCard: Convert Dividend to Double Cash
Replies: 9
Views: 836

Re: CitiCard: Convert Dividend to Double Cash

nalor511 wrote: Mon Dec 23, 2019 3:43 pm Those benefits are gone from the Double Cash card as well, but yes, it's rewards are a little better.
Thanks, never knew it had them!