Search found 348 matches

by hirlaw
Tue May 26, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 3927

Re: Bogleheads: What is your largest single stock holding? (if any)

JPMorgan Chase (JPM).

About 5% of our portfolio. It was my wife’s former employer. Shares were accumulated over time through price discounts offered to employees and RSU’s, with reinvestment of dividends.

We have sold some thru tax loss harvesting, but not a lot due to capital gains exposure.
by hirlaw
Sat May 09, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 480
Views: 16653

Re: Bird watchers – what birds are you seeing?

For some reason I am not seeing any CARDINALS, BLUE JAYS or ORIOLES this year!
by hirlaw
Sat May 09, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9759

Q

COBRA can extend past 18 months in certain situations. Our case is an example. My wife and I were both on her "megacorp" health insurance plan. When my wife retired at age 64, we both went on Cobra. A few months later, she turned 65 and went on Medicare. At that time, I was only 63. Normally, Cobra...
by hirlaw
Tue May 05, 2020 3:08 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 223
Views: 13162

Re: Is Disney the most tempting value stock?

This may have already been mentioned, but a NYT article quoted a leading media analyst as stating that he: "estimates that Disney Plus will lose $2 billion this year, with programming a major expense."

https://www.nytimes.com/2020/05/04/busi ... isney.html
by hirlaw
Mon May 04, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: Is Disney the most tempting value stock?
Replies: 223
Views: 13162

Re: Is Disney the most tempting value stock?

When evaluating Disney, don't put too much emphasis on Disney Plus. Its current subscriber count is around 50 million. That sounds like a lot, but at $7/month, it only adds about $350 million in top line revenue, which is a drop in the bucket for a company with about $70 billion of 2019 revenue.
by hirlaw
Tue Apr 14, 2020 8:58 pm
Forum: Personal Investments
Topic: Still using total bond market?
Replies: 140
Views: 16604

Re: Still using total bond market?

For me it is a mixture of: Total Bond, individual CD's (both secondary and direct), some individual Treasuries, individual Corp. bonds (Walmart and Berkshire Hathaway), some Muni Bond Funds, some individual muni's, and short term TIP fund. As an aside, has anyone considered " iShares Aaa - A Rated C...
by hirlaw
Fri Apr 03, 2020 9:52 pm
Forum: Personal Consumer Issues
Topic: How are you exercising with gym closures
Replies: 111
Views: 5811

Re: How are you exercising with gym closures

In addition to walking, I have a set of resistance bands that have done a pretty good job of replicating my gym workout.
by hirlaw
Wed Apr 01, 2020 9:59 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6320

Re: What is your age/AA during this crisis?

Age 63, wife is 65, both retired. Prior to the downturn, we were 38% stocks, 62% bonds/cash. We are now about 29%/71%.

I haven't rebalanced yet, but have changed dividend distributions to reinvest, rather than cash payments.
by hirlaw
Mon Mar 23, 2020 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Receiving dividend and feeling good
Replies: 33
Views: 2638

Re: Receiving dividend and feeling good

I usually receive them in cash, but have decided to reinvest them for the time being given the market drop.
by hirlaw
Sun Mar 22, 2020 9:06 pm
Forum: Personal Investments
Topic: Has Anyone Else Been Buying Secondary CD's Recently?
Replies: 3
Views: 566

Has Anyone Else Been Buying Secondary CD's Recently?

I have been buying some Secondary CD's at some decent yields the last week. I also picked up a small amount of short-term corporate bonds (Walmart and Berkshire Hathaway) at good yields. Was wondering if anyone else is doing this?
by hirlaw
Fri Mar 20, 2020 6:45 pm
Forum: Investing - Theory, News & General
Topic: So Much for Low Volitility Stocks (USMV)
Replies: 9
Views: 641

Re: So Much for Low Volitility Stocks (USMV)

I own some Vanguard Global Minimum Volatility (VMNVX). Down 27.62% for the year. Not sure if the fund being hedged could have impacted recent performance.
by hirlaw
Tue Mar 17, 2020 9:40 am
Forum: Personal Investments
Topic: Question About Corporate Bond Purchase
Replies: 1
Views: 69

Question About Corporate Bond Purchase

I am looking at corporate bond on Fidelity called:
"BERKSHIRE HATHAWAY INC DEL NOTE "

Can anyone tell me what the "Del" means or the significance of it?

Thanks
by hirlaw
Mon Mar 16, 2020 9:30 am
Forum: Personal Investments
Topic: Taxes on Bond Bought at a Premium
Replies: 5
Views: 138

Re: Taxes on Bond Bought at a Premium

Thanks Gill. Will this info be included on the brokerage 1099 when it matures, or will I need to remember to take this loss?
by hirlaw
Mon Mar 16, 2020 9:20 am
Forum: Personal Investments
Topic: Taxes on Bond Bought at a Premium
Replies: 5
Views: 138

Taxes on Bond Bought at a Premium

From a tax perspective, what happens to a corporate bond purchased at a premium when it matures?

Thanks
by hirlaw
Mon Mar 09, 2020 6:38 pm
Forum: Personal Investments
Topic: Anyone buying oil/energy sector?!
Replies: 56
Views: 5075

Re: Anyone buying oil/energy sector?!

I own some ExxonMobil (XOM). I am holding, not buying. However, I intend to reinvest the dividends.
by hirlaw
Wed Mar 04, 2020 11:33 am
Forum: Personal Consumer Issues
Topic: Coronavirus: Why Are People Buying Water?
Replies: 61
Views: 4289

Coronavirus: Why Are People Buying Water?

Why are people buying water in preparation for a Coronavirus quarantine? I understand food, toilet paper, etc., but I assume that water will still be on as well as other utilities.
by hirlaw
Fri Feb 28, 2020 8:02 pm
Forum: Personal Investments
Topic: New retiree perspective during Corona Crash
Replies: 57
Views: 7026

Re: New retiree perspective during Corona Crash

Retired in 2018. Before the correction, I was 38% cash and fixed income and 62% stocks. For me, this highlights the "sequence of returns" issue for recent retirees.
by hirlaw
Wed Feb 19, 2020 4:54 pm
Forum: Personal Investments
Topic: Should I transition to Vanguard Brokerage Services
Replies: 19
Views: 2143

Re: Should I transition to Vanguard Brokerage Services

I would be interested in hearing about this too!
by hirlaw
Tue Feb 18, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone visualize their finances?
Replies: 48
Views: 3395

Re: How does everyone visualize their finances?

I use Morningstar X-Ray once a quarter and manually enter all holdings.

For those of you who use a spreadsheet, how does it work with funds that have more than one type of asset? For example, Vanguard Wellington or a fund that may hold both foreign and domestic stocks.
by hirlaw
Tue Feb 18, 2020 1:11 pm
Forum: Personal Investments
Topic: Should I transition to Vanguard Brokerage Services
Replies: 19
Views: 2143

Re: Should I transition to Vanguard Brokerage Services

Does anyone know whether Vanguard allows you to do Roth conversions in a mutual fund account IRA or whether they force you to first convert to a brokerage account?

Thanks
by hirlaw
Sun Feb 09, 2020 10:53 am
Forum: Personal Investments
Topic: Roth Conversion Dilemma
Replies: 6
Views: 599

Re: Roth Conversion Dilemma

You will not need to sell stocks to buy bonds to maintain your AA. You would simply sell bonds in the tax-deferred accounts and buy bonds in the Roth IRA to maintain your AA. I know this flies in the face of what some people say, but when your choice is bonds in taxable vs bonds in Roth IRA, paying...
by hirlaw
Sun Feb 09, 2020 9:54 am
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3248

Re: 17 mo CD 2.25 apy Is there better?

I just opened two CD's at Cy Fair Fed. Credit Union in Houston:

One year: 2.35%

Three years: 2.60%

www.cyfairfcu.org/rates#DepositRates
by hirlaw
Sun Feb 09, 2020 9:46 am
Forum: Personal Investments
Topic: Roth Conversion Dilemma
Replies: 6
Views: 599

Roth Conversion Dilemma

We have about $2 million in tax-deferred ( edit ) accounts (401K’s, IRA’s), which are invested almost entirely fixed income. On the other hand, much of our taxable accounts are in equity. When I convert our tax-deferred ( edit ) funds to a Roth, I will need to sell stocks/funds/ETF’s in order to mai...
by hirlaw
Tue Jan 28, 2020 8:44 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Tax Forms start to be available
Replies: 11
Views: 1234

Re: Fidelity Tax Forms start to be available

I e-chatted with a Fidelity rep regarding my 1099 delay. The website states that Fidelity is awaiting dividend/capital gains info from two Vanguard ETF's. However, I know that Vanguard already has provided this info because I have received a 1099 from a Vanguard account with these same two holdings....
by hirlaw
Sat Dec 14, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth raising LTCi premiums 150% over next 5-7 years
Replies: 165
Views: 8971

Re: Genworth raising LTCi premiums 150% over next 5-7 years

Currently, the financial ratings of Genworth Life Insurance Co., which underwrites Genworth LTC policies, are as follows:

A.M. Best: C++ (Marginal)

S&P: B- (weak)

Moody's: B3 (poor)
by hirlaw
Sat Nov 16, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: What are the best jobs to downshift into?
Replies: 51
Views: 7843

Re: What are the best jobs to downshift into?

I work for the local MLB club as a part-time tour guide.
by hirlaw
Fri Nov 15, 2019 2:31 pm
Forum: Personal Investments
Topic: I need to rebalance, but hate paying capital gains tax.
Replies: 41
Views: 3629

Re: I need to rebalance, but hate paying capital gains tax.

Small Savanna wrote:
Fri Nov 15, 2019 12:35 pm
The easiest way to totally avoid capital gains in a taxable account is to take advantage of the step-up in basis when you die...
I think I would rather take the capital gains hit! :D
by hirlaw
Fri Nov 15, 2019 2:29 pm
Forum: Personal Investments
Topic: Cancelling M* Premium
Replies: 13
Views: 1250

Re: Cancelling M* Premium

My public library account has online access to much of the material in Morningstar Premium, including the full X-Ray.
by hirlaw
Sat Nov 09, 2019 1:56 pm
Forum: Personal Investments
Topic: Decision: 0% tax on capital gains or Roth Conversion
Replies: 9
Views: 672

Re: Decision: 0% tax on capital gains or Roth Conversion

Thank you all for your comments! I am in Texas, so no state income tax. I was leaning toward the Roth Conversion route. After reviewing your excellent comments, I will probably move that way in 2020. Now the only question is how much!
by hirlaw
Sat Nov 09, 2019 12:07 pm
Forum: Personal Investments
Topic: Decision: 0% tax on capital gains or Roth Conversion
Replies: 9
Views: 672

Decision: 0% tax on capital gains or Roth Conversion

I am 63 and my wife is 64 and don't plan to draw SS until age 70. 2020 will be the first full year we are both retired, which will lower our income to about $55K in dividend and interest income. We have a 401k/IRA balance of about $2 million (we actually have more than this in after-tax accounts). M...
by hirlaw
Thu Oct 31, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Budget tracking with CC "float"
Replies: 19
Views: 1089

Re: Budget tracking with CC "float"

To be consistent, I use the month of the charge, as opposed to the month of the credit card payment. My system is to wait until the actual monthly statement is issued. That way I am not constantly monitoring charges that change daily. When the statement is issued (usually the 15th of each month), I ...
by hirlaw
Tue Oct 15, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86766

Re: Best CD rates thread

FYI: For those in the Houston metro area, the Houston Federal Credit Union is running a special providing for 3.00% APY for a 30 month CD (3.12% for deposits over $100k).
https://www.houstonfcu.org/
by hirlaw
Thu Oct 03, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3981

Retirees: How do you handle quarterly tax payments?

I am a new retiree whose only income is dividends, interest and capital gains on sales of stocks and funds (pre-Social Security). A couple of questions: 1. What do you recommend as the best way to handle quarterly tax payments? Just estimate the yearly total, apply the expected tax rate and divide b...
by hirlaw
Sun Aug 25, 2019 11:47 am
Forum: Personal Investments
Topic: VWALX High Yield Tax Exempt Is It Really This Amazing?
Replies: 20
Views: 2911

Re: VWALX High Yield Tax Exempt Is It Really This Amazing?

You should look at how it did from 1978-1981, when it lost 25%. And then google "40 year bull market in bonds". Agree. Depends on the purpose for the holding in your portfolio. For income, maybe. But not as a low volatility bond fund for ballast against a market downturn. It was down over 10.5% in ...
by hirlaw
Thu Aug 22, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View recent improvements
Replies: 37
Views: 4901

Re: Fidelity Full View recent improvements

I’m not interested in giving my username and password to an account aggregator program. That seems very dangerous to me. Capital one bank ceo said they had a security breach due to a missing software patch and it will not cost them approximately 150 million. I love the concept, not the implementati...
by hirlaw
Tue Aug 13, 2019 9:07 am
Forum: Investing - Theory, News & General
Topic: Why Are International ETF's Up When Foreign Markets Were Down?
Replies: 8
Views: 589

Why Are International ETF's Up When Foreign Markets Were Down?

Can someone explain why, like today, international etf's (such as VEU) are up, when all foreign indexes were down the previous night. Thanks!
by hirlaw
Sun Aug 11, 2019 8:40 am
Forum: Investing - Theory, News & General
Topic: If you think oil prices will drop where would you invest?
Replies: 70
Views: 4245

Re: If you think oil prices will drop where would you invest?

Wherever i look or read i see articles talking about sales explosion in electric cars all over the world. Sooner or later in the long run, this will depress oil prices. This is inevitable. If you believe 10% that oil prices will decrease big time say in 10 years, where would you invest to get the m...
by hirlaw
Fri Jul 05, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 11485

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

I would be surprised if Vanguard would turn over servicing to Transamerica if they knew that TCS was actually doing the servicing. This hand over to tcse is for *annuitized* VVA’s Can anyone verify this? I was under the impression that all of the Vanguard Variable Annuity servicing was going to TA,...
by hirlaw
Thu Jul 04, 2019 9:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 11485

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

What about the TIAA Intelligent Variable Annuity ? It seems to have low expenses. Is it lower than Fidelity's? I believe Fidelity's are lower. If I decide to annuitize, I will probably look at TIAA and other higher rated companies. My annuity balance is over my state's Guaranty Fund limit.
by hirlaw
Wed Jul 03, 2019 6:15 pm
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 74
Views: 10626

Re: Retired: Do you withdraw from investments or cash ?

Many appear to use dividends and interest to pay expenses. Do you also use pre-tax dividends and interest to pay expenses? In other words, are you using pre-tax IRA/401k income to pay expenses? Money is money, so yes, I use money to pay expenses. Thanks. I am newly retired and wondering about payin...
by hirlaw
Wed Jul 03, 2019 6:01 pm
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 74
Views: 10626

Re: Retired: Do you withdraw from investments or cash ?

Many appear to use dividends and interest to pay expenses. Do you also use pre-tax dividends and interest to pay expenses? In other words, are you using pre-tax IRA/401k income to pay expenses?
by hirlaw
Wed Jul 03, 2019 8:21 am
Forum: Personal Investments
Topic: Vanguard Global Credit Bond Fund (VGCIX)?
Replies: 7
Views: 1229

Re: Vanguard Global Credit Bond Fund (VGCIX)?

Looks like a nice fund. Curious -- why not just go for a fund such as Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) https://investor.vanguard.com/mutual-funds/profile/portfolio/vusfx ? Same managers, about the same yield and much lower duration. Just want to diversify to some internatio...
by hirlaw
Mon Jul 01, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 11485

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

What about the TIAA Intelligent Variable Annuity? It seems to have low expenses.
by hirlaw
Mon Jul 01, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance excessive price increase -upset!
Replies: 171
Views: 13841

Re: Long term care insurance excessive price increase -upset!

... The premium increases have never been more than 15%, so the premiums remain manageable for me. I guess I should feel grateful to my state's regulators. Same for us (possibly the same state). However, I think this is a problem rather than something to be grateful for. We need to admit that LTC i...
by hirlaw
Mon Jul 01, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance excessive price increase -upset!
Replies: 171
Views: 13841

Re: Long term care insurance excessive price increase -upset!

We have very similar Genworth policies and have seen our premiums rise. However, my real issue with Genworth is that we may be paying these high premiums for naught. Genworth is in very serious financial trouble. It currently has a B- rating with Best and S&P and a B3 with Moody's. It has been tryi...
by hirlaw
Mon Jul 01, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance excessive price increase -upset!
Replies: 171
Views: 13841

Re: Long term care insurance excessive price increase -upset!

We have very similar Genworth policies and have seen our premiums rise. However, my real issue with Genworth is that we may be paying these high premiums for naught. Genworth is in very serious financial trouble. It currently has a B- rating with Best and S&P and a B3 with Moody's. It has been tryin...
by hirlaw
Sat Jun 29, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Quarterly Payments From Vanguard Money Market?
Replies: 11
Views: 1195

Re: IRS Quarterly Payments From Vanguard Money Market?

I suppose I will just transfer to my bank, then to the IRS when it clears.
by hirlaw
Sat Jun 29, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: IRS Quarterly Payments From Vanguard Money Market?
Replies: 11
Views: 1195

IRS Quarterly Payments From Vanguard Money Market?

Does the IRS allow quarterly tax payments to be made via EFT transfers from a Vanguard Money Market account? In the past I have used bank accounts for the transfers.

Thanks!
by hirlaw
Thu Jun 27, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica
Replies: 85
Views: 11485

Re: Vanguard Variable Annuity - Transitioning to Access Only Through Transamerica

Thanks for the info. I think I will take a "wait and see" approach, but leaning toward at 1035 exchange out of Vanguard. One I am looking at is the TIAA Intelligent Variable Annuity. It appears to have low expenses and TIAA has far superior financial strength over Transamerica in case I decide to an...