Search found 25 matches

by FIby45
Wed Nov 27, 2019 8:49 am
Forum: Investing - Theory, News & General
Topic: Are stocks dangerously overvalued? Not according to new Vanguard yardstick
Replies: 89
Views: 11391

Re: Are stocks dangerously overvalued? Not according to new Vanguard yardstick

asif408 wrote: ↑
Mon Jul 30, 2018 10:52 am
Assuming their yardstick is true, does this mean that foreign markets are even cheaper? If we make a fair value CAPE for the US, I am assuming it should also be applied globally, unless we think the US stock market is special.
Good point
by FIby45
Tue Nov 19, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: Personal Capital's asset allocation - Is the tool worth the complication?
Replies: 9
Views: 2130

Re: Personal Capital's asset allocation - Is the tool worth the complication?

I am unsure the allocation even properly allocates.

It is putting nearly 1/3rd of my IEMG (emering markets) fund into "developed international." I know S. Korea is part of MSCI and thought maybe it might be that, but S. Korea is only like 12% of IEMG holdings.
by FIby45
Tue Nov 19, 2019 3:57 pm
Forum: Personal Investments
Topic: Personal Capital Target Allocation Tool - should I follow it?
Replies: 18
Views: 2166

Re: Personal Capital Target Allocation Tool - should I follow it?

I am unsure the allocation even properly allocates.

It is putting nearly 1/3rd of my IEMG (emering markets) fund into "developed international." I know S. Korea is part of MSCI and thought maybe it might be that, but S. Korea is only like 12% of IEMG holdings.
by FIby45
Fri Nov 08, 2019 7:06 am
Forum: Personal Investments
Topic: For TLH purposes is it better to have everything at one brokerage?
Replies: 4
Views: 448

For TLH purposes is it better to have everything at one brokerage?

Administratively i mean. Example: TLH at Vanguard Buy similar but not identical holding same day at fidelity - I guess you can't exchange funds if you do this? - Is it easier to prevent wash sale? - Is paperwork easier at tax time? Just starting to look into TLH and I currently have relatively new t...
by FIby45
Wed Nov 06, 2019 8:57 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 93
Views: 14665

Re: Tax Loss Harvesting - Is it worth it?

From reading the Berkin et al papers on this site, I believe TLH done right can yield 0.5-0.7% per year. TLH needs to be done on an individual lot basis (HIFO I believe) and done throughout the year. FWIW, it was TLH that helped me decide to go the advisor route. I felt that over time TLH would jus...
by FIby45
Wed Nov 06, 2019 7:12 pm
Forum: Personal Investments
Topic: 34 - Financial Check
Replies: 14
Views: 1605

Re: 34 - Financial Check

Is the request to know about your investments or the feasibility of retirement at 55? If the latter- much more info is needed- such as living expenses or annual save. I can say retirement at 55 w one income for 2 people + 2 children currently at $100k and current assets of $55k would be a real accom...
by FIby45
Wed Nov 06, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 306
Views: 60521

Re: TLH for absolute dummies [Tax Loss Harvesting]

New to tlh. I'm seeing in the thread people are tlh in August. Why wouldn't people be waiting to closer to the end of the year- especially if it is indices they are buying/selling? Tax loss harvesting is done when there are losses. There may not be any losses if you wait till the end of the year. M...
by FIby45
Wed Nov 06, 2019 8:55 am
Forum: US Chapters
Topic: Master Thread - San Diego Bogleheads
Replies: 24
Views: 13815

Re: Master Thread - San Diego Bogleheads

Just stumbled upon this. I live up the street and am new to bogleheads. Am I allowed to post to masterthread😬? I didnt see anything but a master? How many people normally show up to these events? What are some examples of past topics? Any tax loss harvest experts around? I need to check my calendar ...
by FIby45
Wed Nov 06, 2019 8:15 am
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 306
Views: 60521

Re: TLH for absolute dummies [Tax Loss Harvesting]

New to tlh.

I'm seeing in the thread people are tlh in August. Why wouldn't people be waiting to closer to the end of the year- especially if it is indices they are buying/selling?
by FIby45
Tue Nov 05, 2019 8:34 pm
Forum: Personal Investments
Topic: Muni bonds vs treasury bonds- Am I looking at this correctly?
Replies: 11
Views: 1338

Re: Muni bonds vs treasury bonds- Am I looking at this correctly?

I went with VWIUX 50% and VCADX 50% at member recommendations.

Thought TEF are the same for me, maybe when they (inevitably) raise the tax rates in CA the fund will gain some value.
by FIby45
Tue Nov 05, 2019 8:12 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 145
Views: 21259

Re: Do you invest in Real Estate ? Why ?

Tax breaks disappear once you hit 150k in household income. Unless you are a full time time real estate investor, in which case the 150k cap doesn't apply. This puts high income W2 employees at a disadvantage, both tax wise and because their free time is worth so much more. So basically the more th...
by FIby45
Tue Nov 05, 2019 6:23 pm
Forum: Personal Investments
Topic: 2018 August - Dollar Cost Averaging vs LumpSum of 420k
Replies: 46
Views: 3928

Re: 2018 August - Dollar Cost Averaging vs LumpSum of 420k

Nicolas wrote: ↑
Tue Nov 05, 2019 6:19 pm
serioussam last active: Sat Dec 08, 2018 10:29 am
Maybe he has been busy dollar cost averaging?

I'm holding out hope for an update.
by FIby45
Tue Nov 05, 2019 6:00 pm
Forum: Personal Investments
Topic: 2018 August - Dollar Cost Averaging vs LumpSum of 420k
Replies: 46
Views: 3928

Re: 2018 August - Dollar Cost Averaging vs LumpSum of 420k

Thank God I didn't do a lumpsum drop. I'm buying more as the market goes down. If it goes down 50%, I'm gonna put in all the 420 (because that is the max based on history), 25% then I invest 50% of 420 and so on. Else I'm just gonna add like 10k a month. I think you're saying you haven't even start...
by FIby45
Mon Nov 04, 2019 10:47 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 145
Views: 21259

Re: Do you invest in Real Estate ? Why ?

Yes. I see alot of comments about not wanting to manage. Just because you invest in real estate doesn't mean you manage it. I invest in syndicated deals. Big apartment complexes where I may own 1% or less. I don't manage anything. Accelerated depreciation gives tax free cash flow for a bit which is...
by FIby45
Mon Nov 04, 2019 9:50 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 145
Views: 21259

Re: Do you invest in Real Estate ? Why ?

Yes. I see alot of comments about not wanting to manage. Just because you invest in real estate doesn't mean you manage it. I invest in syndicated deals. Big apartment complexes where I may own 1% or less. I don't manage anything. Accelerated depreciation gives tax free cash flow for a bit which is ...
by FIby45
Mon Nov 04, 2019 5:28 pm
Forum: Personal Investments
Topic: Muni bonds vs treasury bonds- Am I looking at this correctly?
Replies: 11
Views: 1338

Re: Muni bonds vs treasury bonds- Am I looking at this correctly?

Your state marginal rate looks like you're a CA resident. If so, you should consider the CA intermediate-term tax-exempt bond fund (VCADX). Many investors recommend diversifying away as much risk as possible and might recommend 50% in the national fund (VWIUX) and 50% in the CA fund. I am indeed in...
by FIby45
Mon Nov 04, 2019 4:23 pm
Forum: Personal Investments
Topic: Muni bonds vs treasury bonds- Am I looking at this correctly?
Replies: 11
Views: 1338

Muni bonds vs treasury bonds- Am I looking at this correctly?

Take two funds: Treasury Fund- VFIUX w current 30 day yield at 1.61% Muni Bond Fund- VWIUX- current 30 day yield at 1.59% Assume taxes as follows: 11.3% state marginal, 35% federal marginal, and 3.8% NII taxes. Treasury effective yield to this investor: 1.61% * (1-3.8%-35%) = 0.993% . This essential...
by FIby45
Sun Nov 03, 2019 10:50 am
Forum: Personal Investments
Topic: What role do bonds play in your portfolio?
Replies: 79
Views: 7093

Re: What role do bonds play in your portfolio?

I'm 37. When I was younger I never understood why hold bonds. I never bought any. I was 100% equities. As I have become older my net worth has increased significantly. My retirement accounts are all maxed out. I am 100% equities in those accounts because I have a 25 year + timeline so don't care abo...
by FIby45
Sat Nov 02, 2019 1:34 pm
Forum: Personal Investments
Topic: International ETF in Taxable Account?
Replies: 21
Views: 3509

Re: International ETF in Taxable Account?

How significant is the tax advantage for foreign investments in taxable accounts when having a fed+state+NII marginal at 50.1%?
by FIby45
Sat Nov 02, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 53
Views: 4391

Re: Why should bond duration = investment horizon?

Lee_WSP wrote: ↑
Sat Nov 02, 2019 9:42 am


Why do you think munis are any different than regular bonds for that purpose?

Tax effective yield is much higher for me in Muni given tax brackets. Something like .45%
by FIby45
Sat Nov 02, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 53
Views: 4391

Re: Why should bond duration = investment horizon?

It's my opinion that most investors, including many Bogleheads, overestimate the power of price risk and underestimate the compounding power of reinvestment risk. This leads to an overemphasis on short-term bonds in cases where they aren't necessarily appropriate. An investor who has just retired m...
by FIby45
Sat Nov 02, 2019 7:33 am
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 53
Views: 4391

Re: Why should bond duration = investment horizon?

When interest rates go up, the NAV of a bond fund goes down. The NAV will go down approximately an amount equal to the duration x interest rate change. You will recoup the loss in NAV in increased interest payments, if you hold the fund for a time approximately equal to the duration. Therefore, if ...
by FIby45
Fri Nov 01, 2019 4:00 pm
Forum: Personal Investments
Topic: Anyone investing in Municipal bonds ?
Replies: 48
Views: 5212

Re: Anyone investing in Municipal bonds ?

bosocal wrote: ↑
Fri Aug 31, 2018 3:46 pm
I am with Fidelity as well, and I like using MUB(National) and CMF(California) both ETF's that you can trade for free.
Was looking at this as well. Any truth to bid-ask spread risk for muni etf when compared to Muni mutual funds?
by FIby45
Wed Oct 30, 2019 7:13 pm
Forum: Personal Investments
Topic: Money market vs Bond funds
Replies: 19
Views: 7072

Re: Money market vs Bond funds

If the market crashes there is a good chance that your bonds fund goes up, while your MM fund will remain flat. That is the positive aspect of the principal risk of bond funds. The Fed is increasing rates now but that can change in a heartbeat if something happens. I never thought about this. Is th...
by FIby45
Wed Oct 30, 2019 6:23 pm
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4823

Re: Do You Pay For Financial Advice?

I think the value of the advice goes up the more complicated your finances. I own a business- so there are alot of ways to structure things with significant implications. Alot of it is tax related. Way outside of my base of knowledge. Same thing with investment properties and accelerated depreciatio...