Search found 225 matches

by hungrywave
Mon Dec 09, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Rotate purchases of tax loss harvesting partners?
Replies: 17
Views: 899

Re: Rotate purchases of tax loss harvesting partners?

The simplest and most efficient TLH strategy involves 2 partner funds (eg VTI/ITOT). I’m surprised no one suggested that these TLH partners could be viewed as substantially identical. Although they follow different indexes (ITOT follows S&P Total Market Index (TMI) with 3556 stocks and VTI follows ...
by hungrywave
Wed Dec 04, 2019 7:21 pm
Forum: Investing - Theory, News & General
Topic: Rotate purchases of tax loss harvesting partners?
Replies: 17
Views: 899

Re: Rotate purchases of tax loss harvesting partners?

I posted a similar question recently regarding buying funds in an alternating pattern, with the thought being that if I bought ITOT on Jan 1, IVV on Feb 1, ITOT on Mar 1, etc... Whenever the bottom dropped out of the market, I would be able to TLH at least a portion of my portfolio without waiting ...
by hungrywave
Wed Dec 04, 2019 7:20 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 46
Views: 4981

Re: The Best High Yield Savings Account

H-Town wrote:
Wed Dec 04, 2019 7:07 pm
hungrywave wrote:
Wed Dec 04, 2019 6:57 pm
We could transfer monthly from savings to checking but that is too much work.
How? I tried to wrap my head around it...
Estimate your total bill payments for a month and transfer the total out from savings to checking once a month.
by hungrywave
Wed Dec 04, 2019 6:57 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 46
Views: 4981

Re: The Best High Yield Savings Account

Ally has a limit of 6 transactions per cycle. Between direct deposits and credit card payments, my wife and I would be way over that limit. Am I interpreting this correctly? How do you Ally users deal with this limit? i believe that limit is per account and withdrawals, not deposits are what count....
by hungrywave
Wed Dec 04, 2019 3:51 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 46
Views: 4981

Re: The Best High Yield Savings Account

Is there any company that can replace my Chase checking but with a higher yield? Checking Account SoFi has a hybrid checking / savings account that currently pays 1.60%. Simple pays 2.02%-2.15%, but only for money in a "Protected Goals Account." Redneck Bank pays 2.5% on its checking account, but o...
by hungrywave
Wed Dec 04, 2019 3:46 pm
Forum: Investing - Theory, News & General
Topic: Rotate purchases of tax loss harvesting partners?
Replies: 17
Views: 899

Re: Rotate purchases of tax loss harvesting partners?

As someone that hasn't done this and has only read about it, one fine point that people in my situation seem to want to understand is how to deal with the "30 days before" part of the rule when selling. I think previous discussions indicate you can either wait for that limit to pass after your last...
by hungrywave
Wed Dec 04, 2019 1:39 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 46
Views: 4981

Re: The Best High Yield Savings Account

Should I just stick with Chase checking and minimize the amount of cash I have in my account? Simplicity doesn’t get enough attention in this forum but, for cash needs, that and ease of use trumps absolute return in my book. Keep your cash holdings to a minimum and the difference is truly trivial. ...
by hungrywave
Wed Dec 04, 2019 1:33 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 46
Views: 4981

Re: The Best High Yield Savings Account

Is there any company that can replace my Chase checking but with a higher yield? My needs: - Bill pay for credit cards (electronic) and rent (paper check) There is free bill pay, and free paper checks. - No-fee ATMs ATMs are free to use at AllPoint ATMs otherwise Ally Bank reimburses up to $10/mo i...
by hungrywave
Wed Dec 04, 2019 1:24 pm
Forum: Personal Investments
Topic: The Best High Yield Savings Account
Replies: 46
Views: 4981

Re: The Best High Yield Savings Account

Is there any company that can replace my Chase checking but with a higher yield? My needs: - Bill pay for credit cards (electronic) and rent (paper check) - No-fee ATMs - Easy, no-fee transfers to and from my brokerage accounts - Generally good online interface Should I just stick with Chase checkin...
by hungrywave
Wed Dec 04, 2019 11:14 am
Forum: Investing - Theory, News & General
Topic: Rotate purchases of tax loss harvesting partners?
Replies: 17
Views: 899

Re: Rotate purchases of tax loss harvesting partners?

I think there is no point in doing this. First of all maybe you are thinking that if you buy something on Monday and sell 2 days later on Wednesday the same shares at a loss that this is a wash sale. It is NOT a wash sale. Basically, don't make tax-loss harvesting more complicated than it already i...
by hungrywave
Tue Dec 03, 2019 7:22 am
Forum: Personal Investments
Topic: Threshold for tlh [Tax loss harvesting]
Replies: 26
Views: 2224

Re: Threshold for tlh [Tax loss harvesting]

Betterment is different than an individual investor. Betterment cannot use the full range of EM funds for its clients, but an individual investor can always find something to use to replace the shares they sold at a loss. My threshold for amounts to tax-loss harvest depend on (a) is it near the end...
by hungrywave
Tue Dec 03, 2019 7:17 am
Forum: Investing - Theory, News & General
Topic: Rotate purchases of tax loss harvesting partners?
Replies: 17
Views: 899

Rotate purchases of tax loss harvesting partners?

UPDATE WITH CROWDSOURCED SOLUTION: Thank you all for your advice! This was very helpful. The simplest and most efficient TLH strategy involves 2 partner funds (eg VTI/ITOT). The strategy is to buy one continually until you need to TLH. At that point, buy the other and continue buying it on into the ...
by hungrywave
Tue Dec 03, 2019 7:05 am
Forum: Personal Investments
Topic: Threshold for tlh [Tax loss harvesting]
Replies: 26
Views: 2224

Re: Threshold for tlh [Tax loss harvesting]

I just finished reading Betterment's excellent white paper on TLH. I'm curious to know what y'all think about their tantalizing statement about the risk of too-small loss harvesting thresholds: A harder cost to quantify could result from what can be thought of as an “overly itchy TLH trigger finger....
by hungrywave
Tue Nov 19, 2019 6:49 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 52552

Re: Interactive Brokers (Best Kept Secret)

Yes it could be a source of an emergency fund the same way a HELOC could be used as one. I’m one that doesn’t want to tie up 6 months income in cash earning peanuts in an emergency fund that I’ll rally ever need. It could be callable depending on how high leverage you use and how severe the market ...
by hungrywave
Wed Nov 13, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if you go over 529 max?
Replies: 4
Views: 326

What happens if you go over 529 max?

UPDATE: The answer is you can just no longer contribute. Growth over the limit is allowed. (Thank y’all for your help!!)

529s have a maximum amount they can hold. What happens if you go over through growth? Do you get to withdraw without penalty? At marginal income tax rates?
by hungrywave
Wed Nov 13, 2019 2:52 am
Forum: Personal Finance (Not Investing)
Topic: Are complicated credit card cash back strategies worth it?
Replies: 131
Views: 9362

Are complicated credit card cash back strategies worth it?

UPDATE: Thank you all for your wisdom and input! My takeaways include: - Cash back rewards may pale in comparison to any low-value spending they encourage. Simplicity (eg a single card) may be a way to reduce the risk of adverse behavior changes caused by chasing/optimizing rewards. - Signup bonuses...
by hungrywave
Mon Nov 04, 2019 12:33 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 52552

Re: Interactive Brokers (Best Kept Secret)

Let's say I had a cash back credit card that I wanted to pay off every month. Can that bill be paid from my IBKR brokerage account? I see they offer "cash management", but I'm not sure what that means in practice. Would I have to actively manage this transaction every month? Or can the credit card ...
by hungrywave
Thu Oct 24, 2019 1:05 am
Forum: Personal Investments
Topic: Ticker/CUSIP? BlackRock’s MSCI World ex-U.S. IMI Index Fund F
Replies: 6
Views: 490

Re: Ticker/CUSIP? BlackRock’s MSCI World ex-U.S. IMI Index Fund F

Also, I suspect that US09256V1605 is related to or contains the CUSIP for the fund but I can't get any part of it to be recognized by Google or PC: http://performance.morningstar.com/fund ... 09256V1605
by hungrywave
Thu Oct 24, 2019 12:59 am
Forum: Personal Investments
Topic: Ticker/CUSIP? BlackRock’s MSCI World ex-U.S. IMI Index Fund F
Replies: 6
Views: 490

Re: Ticker/CUSIP? BlackRock’s MSCI World ex-U.S. IMI Index Fund F

I would think the fund would at least have a CUSIP somewhere but Google is stumped. I'm seeing in Personal Capital's customer support can figure it out...
by hungrywave
Fri Oct 18, 2019 9:23 pm
Forum: Investing - Theory, News & General
Topic: 529 and FIRE
Replies: 29
Views: 3304

Re: 529 and FIRE

UPDATE: Thank you all for your insights. My takeaways: - (Currently) 529 balances are used to calculate expected financial contribution (ECF) at the same rate as taxable brokerage accounts (5.64%). - Thus - back of the envelope - if a 4-year college is going to cost $50,000 per year, a parental asse...
by hungrywave
Sat Oct 12, 2019 12:07 am
Forum: Investing - Theory, News & General
Topic: Small cap value in 529 plan
Replies: 18
Views: 2724

Re: Small cap value in 529 plan

Any updates on preferred 529s for US small-value? I know that Utah has Vanguard and DFA small-value but any others? :sharebeer Just curious, is that a general multi-generational tax deferral plan? I mean given how small value can go decades with underperforming, one would have to be cognizant of th...
by hungrywave
Fri Oct 11, 2019 10:59 pm
Forum: Investing - Theory, News & General
Topic: Small cap value in 529 plan
Replies: 18
Views: 2724

Re: Small cap value in 529 plan

Any updates on preferred 529s for US small-value? I know that Utah has Vanguard and DFA small-value but any others? :sharebeer
by hungrywave
Fri Oct 11, 2019 2:52 am
Forum: Investing - Theory, News & General
Topic: 529 and FIRE
Replies: 29
Views: 3304

Re: 529 and FIRE

There's some insightful discussion in this thread that you may find helpful: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=291982 Thank you, JD Leonard! That's an intense thread. It seems like one of the main points is to prioritize tax protected retirement accounts over 529s, which makes se...
by hungrywave
Fri Oct 11, 2019 2:09 am
Forum: Investing - Theory, News & General
Topic: 529 and FIRE
Replies: 29
Views: 3304

Re: 529 and FIRE

Should we contribute to 529s or save in a taxable account? My wife and I are both doctors starting our careers in our early 30s. We have 2 kids, ages 2 years and 2 months. We are maxing out our tax-sheltered accounts and are saving aggressively with the goal of being financially independent with $3...
by hungrywave
Fri Oct 11, 2019 12:08 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 143
Views: 37926

Re: 2017 Relative Tax Efficiency

Im working the numbers for 2018. Does anybody know where to find the QDI and Foreign Tax numbers for Invesco and WisdomTree etfs ??. Thanks :greedy Are you offering to help me retire from this project? FYI: the Vanguard stuff won't be out for a while so there's no rush. Did you retire from this pro...
by hungrywave
Thu Oct 10, 2019 11:25 pm
Forum: Investing - Theory, News & General
Topic: 529 and FIRE
Replies: 29
Views: 3304

529 and FIRE

UPDATE: Thank you all for your insights. My takeaways: - (Currently) 529 balances are used to calculate expected financial contribution (ECF) at the same rate as taxable brokerage accounts (5.64%). - Thus - back of the envelope - if a 4-year college is going to cost $50,000 per year, a parental asse...
by hungrywave
Mon Oct 07, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA Pro-Rata Question
Replies: 16
Views: 2525

Re: Mega Backdoor Roth IRA Pro-Rata Question

All that is required is for the recordkeeper to "separately account" for after-tax contributions and earnings. In fact most 401k plans use a single pooled account at the custodian for all participants and their sub accounts. Then the recordkeeper separately accounts by participant, contribution typ...
by hungrywave
Mon Oct 07, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA Pro-Rata Question
Replies: 16
Views: 2525

Re: Mega Backdoor Roth IRA Pro-Rata Question

But how do you explain this IRS post ? “Can I roll over just the after-tax amounts in my retirement plan to a Roth IRA and leave the remainder in the plan? No, you can’t take a distribution of only the after-tax amounts and leave the rest in the plan.” This seems to forbid exactly what I am doing. ...
by hungrywave
Mon Oct 07, 2019 2:28 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth IRA Pro-Rata Question
Replies: 16
Views: 2525

Re: Mega Backdoor Roth IRA Pro-Rata Question

Y’all have been talking about how your 401ks account for pre-tax and after-tax contributions and earnings separately. I believe this accounting feature is why you argue there is no pro rata rule applied to the pre-tax remainder when the after-tax is rolled over (after-tax earnings aside). I have Fid...
by hungrywave
Sun Sep 15, 2019 1:10 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 52552

Re: Interactive Brokers (Best Kept Secret)

Why would any US based buy and hold investor investing in mutual funds/etfs choose IB? I understand if one is trading futures,options,shorting and foriegn markets and utilize their low interest margin rates for leverage makes sense to go with IB. Looking over the whole multi-year thread this has be...
by hungrywave
Thu Sep 05, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

Orders submitted for the following days market open contribute to the supply and demand for that particular issue. Your particular order will affect the price of the market open directly related to it's "share" of the demand/supply for that issues open. Market orders, limit orders, and marketable l...
by hungrywave
Wed Sep 04, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

livesoft wrote:
Wed Sep 04, 2019 4:49 pm
BTW, I started "Case Study" threads because I simply didn't believe all the conventional wisdom thrown around here on Bogleheads as if it mattered or was factual. Be skeptical!
Love it. Skeptical always! :moneybag
by hungrywave
Wed Sep 04, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

So maybe they have some buying power voodoo, maybe not. But maybe the fractional share feature decreases cash drag enough to make sense. The Vanguard buy occurs the day after the payable date, so if you manually reinvest the dividend yourself, then you should be able to do it one day before Vanguar...
by hungrywave
Wed Sep 04, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

livesoft wrote:
Wed Sep 04, 2019 3:52 pm
hungrywave wrote:
Wed Sep 04, 2019 3:49 pm
Holy cow, dude! I read the posts. That was luck, right?
I cannot tell a lie ...

... Yes, it was totally luck!
Haha! Good on you! So awesome!!

I dream about buying at the bottom of a flash crash. But likely I will be checking FaceBook and will miss it. :greedy
by hungrywave
Wed Sep 04, 2019 4:11 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

Sounds good. Thank you for the explanation of the subtleties! Is an ETF DRIP that invests at market open a bad idea, then, by extension? I emailed Vanguard and they didn't give me a straight answer. Welcome. It's hard to say on a DRIP (I didn't know they had etf drips). Vanguard is great and I expe...
by hungrywave
Wed Sep 04, 2019 3:49 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

Then there is what happened on August 15, 2015. See: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=165732#p2600976 The 4.5% advantage that I obtained by using the opening cross will more than offset any of the things mentioned in this thread for decades to come. :twisted: The best part of t...
by hungrywave
Wed Sep 04, 2019 3:35 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

It looks like it is more of a theoretical attempt to limit opening volatility - not an elimination of spreads. So, that gets back to the question - is there an asymmetric disadvantage to buying at open? Do you somehow end up paying a significant premium on average? The cross algorithm chooses the p...
by hungrywave
Wed Sep 04, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

Why is anyone writing about "spreads"? There are no bid/ask spreads at the opening cross. Spreads are indirectly relevant. The cross has no spread, but does have imbalances. The people who offset the imbalances are doing an economic calculation that includes, among other things, the times & prices ...
by hungrywave
Wed Sep 04, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

I think you will served by a google search and research better than any answer I can give you. Then please report back for the others in this thread. Thanks! I can say that though the that price range that an order filled at the opening cross will be exactly zero. Haha! Fair! https://www.investoped...
by hungrywave
Wed Sep 04, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Re: Should I place ETF orders when the market is closed?

Why is anyone writing about "spreads"? There are no bid/ask spreads at the opening cross. What is the opening cross? Is it something you can actually trade at? After all, there must be limit to how many shares can be traded before there is a spread, right? How wide a price range might a market open...
by hungrywave
Wed Sep 04, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1941

Should I place ETF orders when the market is closed?

I'm not talking about after-hours trading. My question is whether placing an ETF order for execution at the beginning of the next market day is as bad as trading during the very beginning and very end of the market day, due to high spreads: https://pressroom.vanguard.com/nonindexed/Best_Practices_fo...
by hungrywave
Thu Aug 29, 2019 8:58 pm
Forum: Investing - Theory, News & General
Topic: Does the US dollar mean revert?
Replies: 36
Views: 1902

Re: Does the US dollar mean revert?

Interesting that currency has a 10 year reversion like stock. But sounds too uncertain to bet on it... No, currency does not mean revert like stocks. Stocks are both mean reverting and time varying. This is true both for returns and for volatility. That is, for a particular secular period the stock...
by hungrywave
Thu Aug 29, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: Does the US dollar mean revert?
Replies: 36
Views: 1902

Re: Does the US dollar mean revert?

Some big points. You need to disentangle changes in the FX rates due to inflation and relative strength. Most of the changes can be traced back to inflation. USD has been running at 3%, the EUR zone at 2%, so you would expect a change in the FX rate of 1%. Of course, the relative strength does chan...
by hungrywave
Thu Aug 29, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: Does the US dollar mean revert?
Replies: 36
Views: 1902

Re: Does the US dollar mean revert?

I hold a third of my fixed income in local currency ex-US to reduce my exposure to the US dollar. But as for equity, the correlation between a currency and locally incorporated stock valuation isn’t that strong. If an ex-US currency weakens, on the one hand the unit that the stock price is measured...
by hungrywave
Thu Aug 29, 2019 7:33 pm
Forum: Investing - Theory, News & General
Topic: Does the US dollar mean revert?
Replies: 36
Views: 1902

Re: Does the US dollar mean revert?

That is, is cap weighting the US a big bet on the strength of the dollar? Absolutely. However, if you are planning on spending it in dollars, then the effect is kinda bland. If you go from dollars to another currency and back to dollars, that is speculating. If you go from dollars to dollars, that ...
by hungrywave
Thu Aug 29, 2019 7:14 pm
Forum: Investing - Theory, News & General
Topic: Does the US dollar mean revert?
Replies: 36
Views: 1902

Re: Does the US dollar mean revert?

Okay... Seems like a lot of equivocation here. If the dollar might not mean revert (eg go low and stay low), doesn’t that mean that cap weighting the US stock market in your portfolio is taking on too much currency risk? That is, is cap weighting the US a big bet on the strength of the dollar?
by hungrywave
Thu Aug 29, 2019 6:57 pm
Forum: Investing - Theory, News & General
Topic: Does the US dollar mean revert?
Replies: 36
Views: 1902

Does the US dollar mean revert?

I ask because, if it did, it would make sense to buy ex-US stock preferentially when the US dollar is relatively strong, since you would be buying stock relatively cheaply. If it does mean revert, how do you measure that?

Thanks!
by hungrywave
Thu Aug 29, 2019 1:04 pm
Forum: Investing - Theory, News & General
Topic: Japan and PE Ratio
Replies: 45
Views: 3779

Re: Japan and PE Ratio

Does ex-US CAPE/PE take into account the current strength of the US dollar? I think the US’s Big Mac index is high: https://www.statista.com/statistics/274 ... a-big-mac/
by hungrywave
Wed Aug 28, 2019 3:22 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers MidPrice algorithmic order
Replies: 0
Views: 292

Interactive Brokers MidPrice algorithmic order

Dear Bogle- and Schwed-heads, I am trading a somewhat illiquid (low volume) ETF: VFMO. I am using Interactive Brokers. I note they have an order option called MidPrice: https://www.interactivebrokers.com/en/index.php?f=36735 I plan to use Vanguard’s trading info to ensure the bid-ask spread is norma...