Bogleheads.org

EdNorton

I'm smelling it. Went from 60/40 to 40/60 during 2019. Will keep moving money out of stocks if market continues to go up. US economy is being financed by debt.

Surprised Lady Geek removed "smelly" from subject line.

EdNorton

Churchill Downs will give you tickets to the KY derby.

EdNorton

Do your golfing buddies belong to the club? What's it cost for a guest? My buddies wouldn't like paying $100/round and I'd miss golfing with them.

EdNorton

The correct solution is to amend 2018 but what you could also do is report the 1099-R on the 2019 return and add another line "less amount reported on 2018 return" and enter a negative amount.

EdNorton

OP, My family member was holding a stock with 10 million worth of gain during Telecom bust. He knew that he should sell some of his holdings. But, he could not since the stock was gaining a few hundred thousand per week. In the end, he lost it all. If you could not sell when you need to, you have n...

EdNorton

Dividends should be multiplied by 10. Someone who has $50k of dividend income can afford to pay more than someone with $50k in W-2 income only. One person is a millionaire.

EdNorton

Tell your Dad to lower his rate to $50/hour, sounds like he may have priced himself out of the market.

EdNorton

Your tax basis is your dad's tax basis, so you might have a much higher taxable gain.

EdNorton

If so, please post a picture. A John Bogle picture might be a nice conversation starter at the club.

EdNorton

I am now. Should have been one in late September of 2018. Went from 60/40 to 40/60.

EdNorton

Why did you have to rebalance at end of 2019 if your AA was 100% equities?

A!so, I think when you rebalance, you are timing the market.

EdNorton

If you like oysters and dive bars, Bowen's Island Restaurant.

EdNorton

I'm my own personal advisor, up 20%, went from 60/40 AA to 40/60 AA (equities/fixed assets). My personal advisor regretted he didn't change the allocation back in the fall of 2018.

EdNorton

Not sure what my margin % was, but I had $40k of equity, a major holding went from $24 to $4. They liquidated all my holdings, my $40K was gone and I owed them $5K. Tough lesson.

EdNorton

You should start a new topic called " Have you ever had a margin call? ". I had one during the 1999-2000 tech crash. Last time I used margin.

EdNorton

The $140 and $160 is not multiplied by 100. The $20 selling price is multiplied by 100.

EdNorton

Slowly moving to a Boglehead portfolio. Holding 1800 shares of SRPT. On 12/9, I sold 4 contracts for $20, callable 1/15/2021 @ $140. Yesterday I sold 4 more contracts for $20, callable 1/15/2021@ $160. On 12/9, SRPT was at $109, yesterday the price was $129. So basically, I got paid $20/share to sel...

EdNorton

Have you looked into becoming a grad assistant? I got one with a 3.2 undergrad GPA and a GMAT score in the top 10%. That was 35 years ago before grade inflation.

EdNorton

Can you take a loan from your 401k? As long as you keep contributing and making the loan payments, it's a good way to diversify.

EdNorton

I would not recommend NVDA at this time. I purchased in January of 2016, 1000 shares @ $30, have realized gains of $210k, still have $20k worth of NVDA. My recommendation is SRPT, but be prepared for some volatility. Good luck to you. Thanks for this. I've been back and forth on AMD and NVDA. SRPT ...

EdNorton

You're too young for that. Your wife is far too young. Unless you both have severe health issues, I wouldn't consider it.

EdNorton

It is not taxed until you sell. You will have to pay taxes on dividends and cap gains distributions.

EdNorton

Can you post bond with a credit card in California?

EdNorton

Thanks for all the replies. I decided that I will drive in California because 1) I've been pulled over 1 time in the last 20 years, so very low odds that I'll get pulled over in CA 2) Been through a few background checks and security clearances, so if there was a warrant out for me, I would have exp...

EdNorton

Take the $87k in S/T cap losses and take $84 in LTCG. That way you can take a net $3k loss on your return (assuming MFJ). If you like the stock or fund that generated the gains, you can buy them back at a stepped up basis.

EdNorton

I would not recommend NVDA at this time. I purchased in January of 2016, 1000 shares @ $30, have realized gains of $210k, still have $20k worth of NVDA. My recommendation is SRPT, but be prepared for some volatility. Good luck to you. Thanks for this. I've been back and forth on AMD and NVDA. SRPT ...

EdNorton

I'm going to start a "Go Fund Me @ FreeEdNorton", just in case I need bailed out. Please contribute.

EdNorton

elainet7 wrote: ↑
Tue Dec 03, 2019 8:56 am
I manage my kids accounts so I have access online to all of them
vanguard had no real answer but we changed the password
it was a roth ira which a sell would have caused problems

What problems would you have because of a sell in a Roth? No tax consequences.

EdNorton

I got a speeding ticket 2 weeks ago in Wythville, VA. First one since then.

EdNorton

Taking a trip to Death Valley and Palm Springs soon. About 40 years ago, I got a speeding ticket in California and decided not to pay it. Is there a statute of limitations or should I let my wife drive?

EdNorton

I would not recommend NVDA at this time. I purchased in January of 2016, 1000 shares @ $30, have realized gains of $210k, still have $20k worth of NVDA. My recommendation is SRPT, but be prepared for some volatility. Good luck to you.

EdNorton

The reason you are in the 37% tax bracket is your ordinary income tax rate went to 22% and each dollar your income increases, it decreases by $1, the amount of dividends and LTCG's taxed at zero %. If you only have $100 of dividends, your marginal rate would go back to 22% once the dividends are tax...

EdNorton

Don't ask if they do drug tests.

EdNorton

Thank you for the responses. The rodeo is in town on the date of the concert so I'll probably go ahead and buy tickets now. Most likely will stay at Golden Nugget, rooms are fairly cheap, hopefully resort fee of $20/day is per room, not person.

EdNorton

Going to see Ray Wylie Hubbard in Vegas in December at the Golden Nugget showroom. Tickets are available through Ticketmaster. It says prices may vary due to dynamic pricing. Should I buy now or wait as I don't expect a whole lot of demand. Also, are the cheap seats decent? Any hotel recommendations...

EdNorton

So the stepped up basis - seems like a win win? Is there any downside to this? Say the house basis under my father was 69K (I'm pretty sure that is what they paid - something under 100K) - and now under my mother is 1.2M - the purpose of the step basis - is so that when the person inheriting the ho...

EdNorton

Get a dog, then you'll be DINKWAD 's.

Do you have a pension plan? If not, what does it matter what recent retirees are receiving from pensions?

EdNorton

Judge Judy didn't want to hear about VG funds.

EdNorton

I worked for a Big 4 accounting firm, the only out of sequence raise I got was when they found out I interviewed with another firm. They asked what would it take to keep me happy, I said how about a 20% raise, they said okay but don't tell anyone.

EdNorton

Keep her head behind the ball. Also, have her tee off with her 3 wood.

EdNorton

I have not seen a 'winning'' side in these situations unless you have equity in the business that is being cashed in. I was not on the 'winning side' the last time even though our company was over 6,000 employees and over $200 million in revenue. Mergers and acquisitions in these cases were all abou...

EdNorton

I'm a snow bird and spend the winter on the coast of South Carolina. I volunteered for VITA for the 3 months I spent there. Did 1 day a week, 12-7. I will be doing again and it was a great way to meet people. I became friends with several of the other volunteers and was able to golf at their private...

EdNorton

High maintenance costs on both of those, doubt it you can get a CPO in those models @ 15,000. I had a Mini convertible, could not fit my golf clubs in the trunk whether the top was up or down. Bought a mint Miata for $10k. Much more fun than the mini.

EdNorton

What is a deferred balance?

EdNorton

Those stocks were bought almost 50 years ago and you're still 10 years from retirement?

EdNorton

I bought a low mileage Miata about a year ago and love it but it is not easy to get in and out of as a pretty fit 62 year old. If I can climb in and out of a Miata at age 74, I will be very happy, if I'm still alive, very happy. If he can afford it, go for it. As for maintenance, if not in warranty,...

EdNorton

Watch the movie, "Office Space", take that attitude, let them fire you if they have the balls, enjoy your last few years of employment.

EdNorton

Did you take depreciation when you rented the house? Might have a gain.

EdNorton

Thanks for the replies. Lake doesn't need to be large, I wouldn't mind a 25 HP limitation.

I did take a look a Lake James and most listings seemed $1million plus. That's about $250k more than my upper budget.

Thanks for the responses.

EdNorton

Hoping to buy lake house in short term future, 5 years possibly. Wants: 1) Prefer mountains, VA,SC,NC and TN. Would like to be close to decent size city with decent hospitals, restaurants and entertainment. Asheville and Greenville are both nice cities in my opinion. 2) Would love a lake with nice c...

Search found 153 matches