Search found 21 matches

by the way
Wed Dec 04, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: 200x return in 1 month
Replies: 14
Views: 2223

Re: 200x return in 1 month

Thanks for sharing the article. Did you get one of the first 100? Did you sell before the break in price? Unfortunately, no :( I tried for it but the website was timing out left and right. I did get the much less desired 2019-W which is identical except for the mint mark, and very beautiful too. Th...
by the way
Wed Dec 04, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: 200x return in 1 month
Replies: 14
Views: 2223

200x return in 1 month

Here's a deal bogleheads might not have heard about: the American Eagle 2019-S One Ounce Silver Enhanced Reverse Proof Coin. Last month this coin was sold by the US Mint for $65. 30,000 were sold in about 20 minutes, with ebay sales hitting the $500 range immediately afterwards. It just went up from...
by the way
Wed Dec 04, 2019 4:25 am
Forum: Investing - Theory, News & General
Topic: How Far Will Dow Fall During Next Retraction
Replies: 60
Views: 4198

Re: How Far Will Dow Fall During Next Retraction

Here's an interesting chart that purports to show that indexes don't always recover after a major peak and fall. I.e. the mantra to just close your eyes and hold on may not necessarily work next time!
Image
by the way
Tue Dec 03, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: I passed on making $3
Replies: 42
Views: 4659

Re: I passed on making $3

My tax collector charges for e-checks too. If there are charges for e-checks, they are usually flat rate (of $1 or $2) which is on a completely different plane than a 2.4% fee ($80 in OP's case). If you are unwilling to shell out the extra buck and are serious about saving your county money, then y...
by the way
Mon Dec 02, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: I passed on making $3
Replies: 42
Views: 4659

Re: I passed on making $3

I can't stand that our town charges a fee for electronic payment but free to mail in a check. It has to save them $ to take electronic payments, how can they be so short sighted ? I guess my opposition to this is that the processor charges a rate similar to payday loan companies and this service is...
by the way
Tue Nov 26, 2019 8:03 pm
Forum: Personal Investments
Topic: Question on cost basis/capital gains in taxable acct
Replies: 14
Views: 732

Re: Question on cost basis/capital gains in taxable acct

Buy 100 shares 18 months ago at $40. Buy 100 shares 6 months ago at $50. Sale all today at $60. Using average cost basis, you have 200 shares at cost basis of $45 each and you have a $1500 LTCG and a $1500 STCG. Using Spec ID (or FIFO) you have 100 shares cost basis $40 each with LTCG of $2000 and ...
by the way
Sun Nov 24, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax rate on 1million dollar long term capital gain
Replies: 8
Views: 2009

Re: Tax rate on 1million dollar long term capital gain

See the 1040 tax instruction regarding AMT. heh, yes, OP will get hit with AMT, but not on the LTCG, only on any other regular income you already have. Your AMT exclusion will be completely phased out, so say you had 100k regular income - that 100k would have been taxed in each bracket at 10-24%, b...
by the way
Sat Nov 23, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Going from marginal tax rate 12% to 37% with only $13K more income
Replies: 73
Views: 5749

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

From IRS Publication 970 Modified adjusted gross income (MAGI) limits. For 2018, the amount of your lifetime learning credit is gradually reduced (phased out) if your MAGI is between $57,000 and $67,000 ($114,000 and $134,000 if you file a joint return). You can't claim the credit if your MAGI is $...
by the way
Sat Nov 23, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Going from marginal tax rate 12% to 37% with only $13K more income
Replies: 73
Views: 5749

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

This seems like a pretty well known phenomenon when additional income pushes capital gains/dividends out of the 0% rate. Yes, the phenomenon is known. I expected a marginal rate of 27% or so. I did not expect 37% with such a low "extra" amount. Yeah, the cap gains transition from 0 to 15 (responsib...
by the way
Sat Nov 23, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Going from marginal tax rate 12% to 37% with only $13K more income
Replies: 73
Views: 5749

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

This seems like a pretty well known phenomenon when additional income pushes capital gains/dividends out of the 0% rate. Yes, the phenomenon is known. I expected a marginal rate of 27% or so. I did not expect 37% with such a low "extra" amount. Yeah, the cap gains transition from 0 to 15 (responsib...
by the way
Thu Nov 21, 2019 7:26 pm
Forum: Personal Investments
Topic: Ultra Short Term Treasury ETFs
Replies: 40
Views: 3494

Re: Ultra Short Term Treasury ETFs

Average additional return above VMMXX, over 143 overlapping 6-month periods: -$3.35 Return in dollars, over 143 overlapping 6-month periods: +$42.10 Real return above inflation, over 143 overlapping 6-month periods: -$46.26 Not sure if SHV/BIL and VMMXX can be compared head-to-head like this if one...
by the way
Thu Nov 21, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1974
Views: 337633

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

ETrade might actually increase bonuses to attract more accounts as window dressing to find a buyer themselves. otw they will be left out in the cold. (btw I predicted a merger a month ago.)
by the way
Sun Nov 17, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 406
Views: 46612

Re: Best CD rates thread

This additional penalty will be equal to the earnings accrued to the date of withdrawal (less 3 months) minus earnings to the date of withdrawal (less 3 months) at the then current rate of the Regular Passbook (or similar) savings account. And this pretty much contradicts the previous statement, ex...
by the way
Sat Nov 16, 2019 2:11 pm
Forum: Personal Investments
Topic: Tax Gain Harvesting and Dividend Schedule
Replies: 36
Views: 1946

Re: Tax Gain Harvesting and Dividend Schedule

Why would you rebuy before the ex-dividend day.... makes no sense. The OP would then just get more dividends at their nominal tax rate, would be closer to the cliff to loose the zero rate, and certainly wouldn't help themselves AFA future tax loss harvest since in either case the basis would have b...
by the way
Mon Nov 11, 2019 2:30 pm
Forum: Personal Investments
Topic: Tax Gain Harvesting and Dividend Schedule
Replies: 36
Views: 1946

Re: Tax Gain Harvesting and Dividend Schedule

Sell fund day before record date (not sure whether selling day of record date avoids the dividend, try and see!) Buy back fund on ex-dividend date (not sure what happens if you buy between record date and ex dividend date. Try and see!) Thanks - very helpful. In order to tax gain harvest, I would s...
by the way
Sun Nov 03, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bronze vs Silver Health Plan
Replies: 10
Views: 1065

Re: Bronze vs Silver Health Plan

If you have low medical expenses, a Bronze plan comes out better. If you have very high expenses, a Bronze plan comes out better. This came as a surprise to me when i modeled the numbers, it is not how the tiers are typically portrayed. There is a narrow window where the higher tier plans come out ...
by the way
Sat Nov 02, 2019 7:39 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1974
Views: 337633

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Slightly better offer available if you call them. They transfer you to their local office who can plug in the offer once you open the account. Just transferred assets a week ago. They reimbursed close out fees from 2 separate brokerages too. What city or branch was this? Any idea what promo code th...
by the way
Sat Nov 02, 2019 4:27 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1974
Views: 337633

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Slightly better offer available if you call them. They transfer you to their local office who can plug in the offer once you open the account. Just transferred assets a week ago. They reimbursed close out fees from 2 separate brokerages too. What city or branch was this? Any idea what promo code th...
by the way
Tue Oct 29, 2019 1:23 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1974
Views: 337633

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

btw it's strange that the last footnote says "**Cash bonus of up to $700 requires a valid transfer from another brokerage company by 11/08/19", which kind of implies the bulk of the bonus doesn't need "new money". Eg if you had an existing joint and individual account already at TD, you could just s...
by the way
Mon Oct 28, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA accounts
Replies: 101
Views: 6911

Re: UTMA accounts

However, as I already pointed out, you can tax gain harvest (sell and re-buy appreciated securities) to realize up to $4,850 (2019) in tax-free increase in basis every year. Then whenever the UTMA is released to the UTMA account owner there is little to no unrealized capital gains. In fact, I consi...
by the way
Sun Oct 27, 2019 1:48 am
Forum: Personal Finance (Not Investing)
Topic: Cash Back Bonuses - Race to $10k
Replies: 28
Views: 5293

Re: Cash Back Bonuses - Race to $10k

btw you can get $2k right now if you can get the CapitalOne Spark 2% business card and spend 50k on it