Search found 153 matches

by EdNorton
Mon Feb 17, 2020 9:46 am
Forum: Investing - Theory, News & General
Topic: [Market is acting like late August, 2000, or late October, 2007]
Replies: 71
Views: 4852

Re: [Market is acting like late August, 2000, or late October, 2007]

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. :sharebeer
by EdNorton
Tue Feb 11, 2020 6:30 am
Forum: Investing - Theory, News & General
Topic: Stocks with Shareholder Benefits?
Replies: 24
Views: 1299

Re: Stocks with Shareholder Benefits?

Churchill Downs will give you tickets to the KY derby. :sharebeer
by EdNorton
Fri Feb 07, 2020 12:42 pm
Forum: Personal Consumer Issues
Topic: The annual "Boglehead considering a country club" thread
Replies: 115
Views: 6198

Re: The annual "Boglehead considering a country club" thread

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. :sharebeer
by EdNorton
Fri Feb 07, 2020 10:32 am
Forum: Personal Finance (Not Investing)
Topic: How do I report non-taxable portion of Inherited IRA distribution?
Replies: 19
Views: 1145

Re: How do I report non-taxable portion of Inherited IRA distribution?

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. :sharebeer
by EdNorton
Wed Feb 05, 2020 7:07 pm
Forum: Personal Investments
Topic: Paralyzed by TSLA
Replies: 52
Views: 5908

Re: Paralyzed by TSLA

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...
by EdNorton
Tue Jan 21, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???
Replies: 11
Views: 950

Re: Are Qualified Dividends included in the MAGI calculation for ACA subsidy???

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. :sharebeer
by EdNorton
Sun Jan 19, 2020 6:56 am
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 16432

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

Tell your Dad to lower his rate to $50/hour, sounds like he may have priced himself out of the market. :sharebeer
by EdNorton
Fri Jan 17, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Sell stock?
Replies: 6
Views: 477

Re: Sell stock?

Your tax basis is your dad's tax basis, so you might have a much higher taxable gain.
by EdNorton
Fri Jan 17, 2020 6:45 am
Forum: Personal Consumer Issues
Topic: Anybody have a Boglehead tatoo?
Replies: 1
Views: 606

Anybody have a Boglehead tatoo?

If so, please post a picture. A John Bogle picture might be a nice conversation starter at the club. :sharebeer
by EdNorton
Thu Jan 16, 2020 9:32 am
Forum: Investing - Theory, News & General
Topic: Are you a closet market-timer?
Replies: 125
Views: 7882

Re: Are you a closet market-timer?

I am now. Should have been one in late September of 2018. Went from 60/40 to 40/60. :sharebeer
by EdNorton
Wed Jan 15, 2020 6:10 am
Forum: Personal Investments
Topic: “Taking Profits” Question
Replies: 16
Views: 1044

Re: “Taking Profits” Question

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. :sharebeer
by EdNorton
Mon Jan 13, 2020 1:02 pm
Forum: Personal Consumer Issues
Topic: Charleston mid-March to mid-April Recommendations
Replies: 15
Views: 736

Re: Charleston mid-March to mid-April Recommendations

If you like oysters and dive bars, Bowen's Island Restaurant. :sharebeer
by EdNorton
Tue Jan 07, 2020 11:39 am
Forum: Personal Investments
Topic: What was Your 2019 Personal Advisor Results?
Replies: 21
Views: 2197

Re: What was Your 2019 Personal Advisor Results?

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. :sharebeer
by EdNorton
Tue Dec 31, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: Margin calculations
Replies: 30
Views: 1009

Re: Margin calculations

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. :sharebeer
by EdNorton
Tue Dec 31, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Margin calculations
Replies: 30
Views: 1009

Re: Margin calculations

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. :sharebeer
by EdNorton
Tue Dec 31, 2019 10:49 am
Forum: Personal Investments
Topic: 1st time selling covered call options - no brainer?
Replies: 5
Views: 399

Re: 1st time selling covered call options - no brainer?

The $140 and $160 is not multiplied by 100. The $20 selling price is multiplied by 100. :sharebeer
by EdNorton
Tue Dec 31, 2019 10:33 am
Forum: Personal Investments
Topic: 1st time selling covered call options - no brainer?
Replies: 5
Views: 399

1st time selling covered call options - no brainer?

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...
by EdNorton
Tue Dec 31, 2019 9:00 am
Forum: Personal Investments
Topic: Sell Investments for MBA tuition?
Replies: 10
Views: 640

Re: Sell Investments for MBA tuition?

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. :sharebeer
by EdNorton
Sat Dec 21, 2019 8:22 am
Forum: Personal Investments
Topic: Any Reason to Not Use Roth IRA for House Down Payment Money?
Replies: 32
Views: 3024

Re: Any Reason to Not Use Roth IRA for House Down Payment Money?

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. :sharebeer
by EdNorton
Sat Dec 14, 2019 7:51 pm
Forum: Investing - Theory, News & General
Topic: Favorite stock(s) and why
Replies: 131
Views: 8032

Re: Favorite stock(s) and why

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 ...
by EdNorton
Fri Dec 06, 2019 7:12 pm
Forum: Personal Investments
Topic: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!
Replies: 31
Views: 2210

Re: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!

You're too young for that. Your wife is far too young. Unless you both have severe health issues, I wouldn't consider it. :sharebeer
by EdNorton
Wed Dec 04, 2019 12:12 pm
Forum: Personal Investments
Topic: Question on taxable account
Replies: 7
Views: 465

Re: Question on taxable account

It is not taxed until you sell. You will have to pay taxes on dividends and cap gains distributions. :sharebeer
by EdNorton
Wed Dec 04, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7753

Re: Unpaid speeding ticket from 40 years ago.

Can you post bond with a credit card in California?
by EdNorton
Wed Dec 04, 2019 6:13 am
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7753

Re: Unpaid speeding ticket from 40 years ago.

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...
by EdNorton
Tue Dec 03, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: ST Capital Loss [What is the best way to capture the tax loss?]
Replies: 18
Views: 948

Re: ST Capital Loss [What is the best way to capture the tax loss?]

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.
by EdNorton
Tue Dec 03, 2019 7:22 pm
Forum: Investing - Theory, News & General
Topic: Favorite stock(s) and why
Replies: 131
Views: 8032

Re: Favorite stock(s) and why

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 ...
by EdNorton
Tue Dec 03, 2019 6:14 pm
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7753

Re: Unpaid speeding ticket from 40 years ago.

I'm going to start a "Go Fund Me @ FreeEdNorton", just in case I need bailed out. Please contribute. :sharebeer :sharebeer
by EdNorton
Tue Dec 03, 2019 6:09 pm
Forum: Investing - Theory, News & General
Topic: Unauthorized Trade
Replies: 54
Views: 4890

Re: Unauthorized Trade

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.
by EdNorton
Tue Dec 03, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7753

Re: Unpaid speeding ticket from 40 years ago.

I got a speeding ticket 2 weeks ago in Wythville, VA. First one since then.
by EdNorton
Tue Dec 03, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Unpaid speeding ticket from 40 years ago.
Replies: 93
Views: 7753

Unpaid speeding ticket from 40 years ago.

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? :sharebeer :sharebeer
by EdNorton
Tue Dec 03, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: Favorite stock(s) and why
Replies: 131
Views: 8032

Re: Favorite stock(s) and why

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.
by EdNorton
Sat Nov 23, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Going from marginal tax rate 12% to 37% with only $13K more income
Replies: 74
Views: 6926

Re: Going from marginal tax rate 12% to 37% with only $13K more income

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...
by EdNorton
Sun Oct 27, 2019 2:22 pm
Forum: Personal Investments
Topic: Questions for potential new employer
Replies: 18
Views: 1059

Re: Questions for potential new employer

Don't ask if they do drug tests. :happy
by EdNorton
Wed Oct 16, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Show at Golden Nugget with "dynamic pricing"
Replies: 5
Views: 974

Re: Show at Golden Nugget with "dynamic pricing"

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.
by EdNorton
Wed Oct 16, 2019 11:02 am
Forum: Personal Consumer Issues
Topic: Show at Golden Nugget with "dynamic pricing"
Replies: 5
Views: 974

Show at Golden Nugget with "dynamic pricing"

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...
by EdNorton
Mon Sep 16, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why does my mom need a home appraisal?
Replies: 26
Views: 2495

Re: Why does my mom need a home appraisal?

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...
by EdNorton
Thu Sep 05, 2019 5:40 pm
Forum: Personal Investments
Topic: 32 Yr old DINKS Portfolio Advice
Replies: 10
Views: 2013

Re: 32 Yr old DINKS Portfolio Advice

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?
by EdNorton
Thu Sep 05, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: There's a Boglehead on Judge Judy today. [TV show]
Replies: 18
Views: 4045

There's a Boglehead on Judge Judy today. [TV show]

Judge Judy didn't want to hear about VG funds. :sharebeer
by EdNorton
Wed Sep 04, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3500

Re: How often do you receive out-of-sequence pay bumps?

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. :sharebeer
by EdNorton
Sun Sep 01, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: How to help niece improve her driving
Replies: 94
Views: 6637

Re: How to help niece improve her driving

Keep her head behind the ball. Also, have her tee off with her 3 wood.
by EdNorton
Tue Aug 27, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Employment protection in case of merger?
Replies: 20
Views: 1317

Re: Employment protection in case of merger?

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...
by EdNorton
Tue Aug 27, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Aid Volunteering for AARP or VITA
Replies: 52
Views: 3174

Re: Tax Aid Volunteering for AARP or VITA

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...
by EdNorton
Tue Aug 27, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Used Sports Car
Replies: 50
Views: 3328

Re: Used Sports Car

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.
by EdNorton
Sun Aug 25, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff Tips
Replies: 16
Views: 1867

Re: Mortgage Payoff Tips

What is a deferred balance?
by EdNorton
Sun Aug 25, 2019 7:21 am
Forum: Personal Investments
Topic: 3 Stocks Are > 16% of Portfolio
Replies: 9
Views: 1377

Re: 3 Stocks Are > 16% of Portfolio

Those stocks were bought almost 50 years ago and you're still 10 years from retirement?
by EdNorton
Sun Aug 18, 2019 6:17 am
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 138
Views: 11596

Re: Aliens have captured my husband [wants to buy a Porsche]

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,...
by EdNorton
Fri Aug 16, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9136

Re: Taking a break in your 50s: Is it the kiss of death?

Watch the movie, "Office Space", take that attitude, let them fire you if they have the balls, enjoy your last few years of employment.
by EdNorton
Mon Aug 12, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Selling House at Loss; Better to credit buyers or lower purchase price?
Replies: 11
Views: 1301

Re: Selling House at Loss; Better to credit buyers or lower purchase price?

Did you take depreciation when you rented the house? Might have a gain. :oops:
by EdNorton
Sun Aug 11, 2019 6:27 am
Forum: Personal Consumer Issues
Topic: Looking for lake house in Southeast, recommendations
Replies: 15
Views: 2228

Re: Looking for lake house in Southeast, recommendations

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.
by EdNorton
Sat Aug 10, 2019 8:51 am
Forum: Personal Consumer Issues
Topic: Looking for lake house in Southeast, recommendations
Replies: 15
Views: 2228

Looking for lake house in Southeast, recommendations

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...