Search found 36 matches

by zhuyz05
Fri Nov 27, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer Vanguard mutual fund positions to Interactive Brokers
Replies: 14
Views: 877

Re: Transfer Vanguard mutual fund positions to Interactive Brokers

zhuyz05, did you figure this out? I'm intending to do something similar, for pretty much similar reasons. I want to utilize the low margins at IB without realizing cap gains and because why not with interest so low. I don't see a point in converting it to an ETF before transfer even if that was an ...
by zhuyz05
Fri Nov 27, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Transfer Vanguard mutual fund positions to Interactive Brokers
Replies: 14
Views: 877

Re: Transfer Vanguard mutual fund positions to Interactive Brokers

I was thinking through whether it would be better to convert the funds to ETFs at Vanguard before you transfer to IB, but given what you plan to do I couldn't come up with a very compelling reason to do so. Best I could come up with is if you wanted to tax loss harvest in a taxable account while yo...
by zhuyz05
Thu Nov 26, 2020 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer Vanguard mutual fund positions to Interactive Brokers
Replies: 14
Views: 877

Re: Transfer Vanguard mutual fund positions to Interactive Brokers

I was wondering anyone here have any experience doing an in-kind transfer of Vanguard mutual funds from Vanguard to Interactive Brokers? My understanding is that IB would not a charge a fee for the transfer, and the funds are free to hold at IB as long as I do not sell them. Also, would it be possi...
by zhuyz05
Thu Nov 26, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer Vanguard mutual fund positions to Interactive Brokers
Replies: 14
Views: 877

Transfer Vanguard mutual fund positions to Interactive Brokers

Hi. I was wondering anyone here have any experience doing an in-kind transfer of Vanguard mutual funds from Vanguard to Interactive Brokers? My understanding is that IB would not a charge a fee for the transfer, and the funds are free to hold at IB as long as I do not sell them. Also, would it be po...
by zhuyz05
Mon Nov 09, 2020 7:55 pm
Forum: Personal Investments
Topic: What to do with a small portion of VGT
Replies: 23
Views: 1788

Re: What to do with a small portion of VGT

Half vtv and half vgt would be pretty close to voo. so buy some vtv to hedge.
by zhuyz05
Sat Oct 24, 2020 4:21 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3658
Views: 277798

Re: Small Cap Value heads Rejoice !!!

What do you think about this professor's take on value investing? https://www.youtube.com/watch?v=dA9AlDAbcMI&t=196s&ab_channel=AswathDamodaran 1) He's fallen for the "broken leg fallacy" by throwing the kitchen sink at valuating a company, as if any of that fluff would alter the ...
by zhuyz05
Sat Oct 24, 2020 8:36 am
Forum: Investing - Theory, News & General
Topic: Best way to mitigate the top heaviness of Total Stock Market Funds
Replies: 118
Views: 8860

Re: Best way to mitigate the top heaviness of Total Stock Market Funds

OP, A tilt to SCV and Active Management. I do both. A) 10% of my portfolio is in the SCV pair with another 10% in the Intermediate-Term Treasury as part of my mini-Larry Portfolio. B) 40% of my portfolio is in the actively managed Wellington Fund (65/35). C) Only 40% of my portfolio is in the 3-fun...
by zhuyz05
Fri Oct 23, 2020 7:03 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3658
Views: 277798

Re: Small Cap Value heads Rejoice !!!

What do you think about this professor's take on value investing?

https://www.youtube.com/watch?v=dA9AlDA ... hDamodaran
by zhuyz05
Fri Sep 25, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Brokerages for Futures Trading in IRA?
Replies: 32
Views: 3315

Re: Brokerages for Futures Trading in IRA?

Thanks for sharing your strategies. I wonder why the bid/ask spread I see is always quite large for SPY call options? Any ways to deal with this when trading it? I find that the size of the spread is a function of overall open interest in the underlying, time to expiration, and proximity to current...
by zhuyz05
Thu Sep 24, 2020 8:27 pm
Forum: Investing - Theory, News & General
Topic: Brokerages for Futures Trading in IRA?
Replies: 32
Views: 3315

Re: Brokerages for Futures Trading in IRA?

How is your experience with Tastyworks? I am trying to figure of whether to go with IBKR or TastyWorks. What kind of futures do you own in IRA? I am planning go < 2x leverage in stocks and maybe Treasury futures/ Gold later on. Main aim is to get 1.5x to 2x exposure to stocks. How do you think best...
by zhuyz05
Tue Sep 15, 2020 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9397
Views: 656959

Re: Refinance Mega Thread

Just locked in 2.25%, 15Y, $0 lender fee refi with LenderFI on a $244k mortgage. It was an unbelievably slick process that took less than an hour. After I got my online quotes, I called to ask about waiving appraisal + escrow. They waived both and took $1k or so off of the closing costs that were g...
by zhuyz05
Sat Aug 29, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1130
Views: 120635

Re: Lifecycle Investing - Leveraging when young

is there an alternative options strategy that approximates a synthetic stock without selling a naked put option? Are you asking because you are concerned about the potential losses from a naked put, or due to the difficulty of getting approved? i've been researching more on this topic (which led me...
by zhuyz05
Thu Aug 27, 2020 5:48 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1130
Views: 120635

Re: Lifecycle Investing - Leveraging when young

OP, This thread has grown to 21 pages, so I apologize if this is answered elsewhere. Would you mind posting a rough snapshot of how you are currently executing your leverage (Options at IB, Futures at IB, maybe mixed with the Excellent Adventure?) and how much leverage you are currently holding? Th...
by zhuyz05
Thu Aug 27, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1130
Views: 120635

Re: Lifecycle Investing - Leveraging when young

OP, This thread has grown to 21 pages, so I apologize if this is answered elsewhere. Would you mind posting a rough snapshot of how you are currently executing your leverage (Options at IB, Futures at IB, maybe mixed with the Excellent Adventure?) and how much leverage you are currently holding? Th...
by zhuyz05
Thu Aug 27, 2020 4:14 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1130
Views: 120635

Re: Lifecycle Investing - Leveraging when young

OP, This thread has grown to 21 pages, so I apologize if this is answered elsewhere. Would you mind posting a rough snapshot of how you are currently executing your leverage (Options at IB, Futures at IB, maybe mixed with the Excellent Adventure?) and how much leverage you are currently holding? Th...
by zhuyz05
Fri Aug 14, 2020 10:28 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 7274
Views: 711741

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Bit of a different topic. Anyone know what financing rates TQQQ and TMF are currently paying in this environment? Especially interested in TMF. Want to quantify the "borrow short; lend long" effect. EDIT: The only things I could find is the annual reports for last year. It's hard to tell ...
by zhuyz05
Mon Aug 10, 2020 8:09 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1130
Views: 120635

Re: Lifecycle Investing - Leveraging when young

Thank you, OP, for sharing the idea of life cycle investing. It really makes sense to me. I have a quick question: for small leverages (e.g., 1 ~ 1.5), would it better to just go with margin account at IB or M1 if the IRA space is too small? I don't think you can trade on margin with an IRA. You ca...
by zhuyz05
Sun Aug 09, 2020 9:44 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 1130
Views: 120635

Re: Lifecycle Investing - Leveraging when young

Quick question, are you using the normal Margin account at IB or their Portfolio Margin account? It seems like if you are operating under 2x leverage then the normal account should be fine, right? Just the normal margin. Portfolio Margin allows more leverage (less equity required) but it's variable...
by zhuyz05
Tue Jul 21, 2020 10:39 am
Forum: Personal Investments
Topic: Where is your fixed income invested?
Replies: 71
Views: 5679

Re: Where is your fixed income invested?

Cash and long term government bond
by zhuyz05
Sun Jul 05, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: Beat the market by doing (almost) nothing
Replies: 68
Views: 9784

Re: Beat the market by doing (almost) nothing

Thanks for sharing your story. I am curious how did you maintain your leverage ratio to be 2~3 all the time? Did you use long-term treasury ETFs to balance out the risk?
by zhuyz05
Wed Jun 17, 2020 10:02 am
Forum: Personal Investments
Topic: $1.6M in traditional, $700K in Roth: How much to convert to Roth?
Replies: 84
Views: 7674

Re: $1.6M in traditional, $700K in Roth: How much to convert to Roth?

How old are you and your spouse? It probably makes sense to defer SS so that you can have as much space as possible to convert at lower tax rates, without subjecting the SS benefits to income taxes. I think it makes sense to convert up to the top of the 12% bracket - that's a little over $100K a ye...
by zhuyz05
Wed Jun 17, 2020 9:36 am
Forum: Personal Investments
Topic: $1.6M in traditional, $700K in Roth: How much to convert to Roth?
Replies: 84
Views: 7674

Re: $1.6M in traditional, $700K in Roth: How much to convert to Roth?

How old are you and your spouse? It probably makes sense to defer SS so that you can have as much space as possible to convert at lower tax rates, without subjecting the SS benefits to income taxes. I think it makes sense to convert up to the top of the 12% bracket - that's a little over $100K a ye...
by zhuyz05
Fri Jan 03, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13344

Re: Why all the angst about RMDs and taxes?

I do not know whether people realize this or not. I did some calculations before. If we assume a current marginal tax rate 30% (fed + state) and a future marginal tax rate of 38%, nominal rate of return 7%, inflation rate 2%, 25 years of investing, and long term capital gain tax rate of 15%, then s...
by zhuyz05
Fri Jan 03, 2020 4:13 pm
Forum: Personal Investments
Topic: Roth vs Traditional vs Taxable
Replies: 14
Views: 1715

Re: Roth vs Traditional vs Taxable

To be fair, the numbers could get slightly better for taxable if you do tax-loss harvesting. But this is unlikely to affect the return by too much, and is complicated to model this part. Another advantage of taxable of course is that it is much easier to access the money. There is a very big thing ...
by zhuyz05
Fri Jan 03, 2020 1:27 am
Forum: Personal Investments
Topic: Roth vs Traditional vs Taxable
Replies: 14
Views: 1715

Re: Roth vs Traditional vs Taxable

It's a mute point if one already max out tax advantaged accounts, they would have nowhere else other than the taxable account. At that point, a more relevant question would be traditional 401k vs. Roth 401k. Now... if the tax laws change to make unlimited traditional... I agree. I have plenty of tr...
by zhuyz05
Fri Jan 03, 2020 1:25 am
Forum: Personal Investments
Topic: Roth vs Traditional vs Taxable
Replies: 14
Views: 1715

Re: Roth vs Traditional vs Taxable

So a few basic things: - inflation does not matter, because it affects everything equal. In other words, inflation is an orthogonal factor in this problem, - you only need to consider a single decision: (a) invest $1 in after-tax, or (b) invest $1 in tIRA, and invest the tax-deducted savings in aft...
by zhuyz05
Fri Jan 03, 2020 1:03 am
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13344

Re: Why all the angst about RMDs and taxes?

Whether to save to ROTH or Traditional is relatively easy if assuming the same tax laws during our life time... For me I have maxed out my ROTH space, the decision is between Traditional or Taxable, which seems to be more tricky. I am on the same page with you on Roth being the best option. Why is ...
by zhuyz05
Fri Jan 03, 2020 12:41 am
Forum: Personal Investments
Topic: Roth vs Traditional vs Taxable
Replies: 14
Views: 1715

Roth vs Traditional vs Taxable

I have seen numerous discussions on this and recently the SECURE act creates a resurgence of discussions. It seems that Traditional accounts gets trashed unfavorably. I want to demonstrate that investing in a Traditional account may not be as bad as you might think it is. Here is the math that I did...
by zhuyz05
Fri Jan 03, 2020 12:26 am
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13344

Re: Why all the angst about RMDs and taxes?

The counter-intuitive thing is that saving in ROTH vs Traditional is not an easy decision. Back when I was in the low 20s Federal bracket, I used to save into Traditional because I needed the money (in the form of tax deductions). When I approached 33-35, I thought I am doing well by saving into Tr...
by zhuyz05
Fri Jan 03, 2020 12:18 am
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13344

Re: Why all the angst about RMDs and taxes?

Here's my understanding of what's going in. Let's say back when you were 35 you had $1,000 extra dollars that you didn't need to spend. So you want to invest it for retirement. Furthermore, let's say your tax rate back then was 30%, so you owed $300 federal income taxes on that. You had two options...
by zhuyz05
Mon Dec 09, 2019 5:20 pm
Forum: Personal Investments
Topic: FSGGX posted a negative 2% loss
Replies: 3
Views: 599

Re: FSGGX posted a negative 2% loss

Thank you!
by zhuyz05
Mon Dec 09, 2019 3:47 pm
Forum: Personal Investments
Topic: FSGGX posted a negative 2% loss
Replies: 3
Views: 599

FSGGX posted a negative 2% loss

I wonder if anyone noticed that FSGGX posted a -2% loss last Friday, while all other international index fund had a gain last Friday? I have not seen this happened before for this fund.
by zhuyz05
Mon Jan 14, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: variable tax-deferred contributions
Replies: 2
Views: 310

Re: variable tax-deferred contributions

I agree. But one can never plan for the future. Things important right now may not be important after 10 years, and things that we think we will never want to buy may become a must-buy in the future. This is especially when we are young. One example is how many kids do a family plan to have.
by zhuyz05
Sun Jan 13, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: variable tax-deferred contributions
Replies: 2
Views: 310

variable tax-deferred contributions

I have been thinking about a possibility of contributing a different amount to tax-deferred account for a while now. Here is what I came up with. Assumptions: 1. Aside from the required contributions, I plan to contribute an additional $30000 annually (on average) to tax-deferred accounts (my 403b, ...
by zhuyz05
Wed Nov 14, 2018 6:05 pm
Forum: Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 132
Views: 8499

Re: Roth vs. Traditional 401k

You guys should start with some assumptions on income, current tax, future tax, and then do the numbers on several scenarios, and then compare! Math is a universal language!