Search found 3720 matches

by iceport
Sun Apr 22, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: wash rule moving from short term investment bnd to short term bnd?
Replies: 3
Views: 217

Re: wash rule moving from short term investment bnd to short term bnd?

Vanguard Short-Term Corporate Bond Index Fund (VSCSX) makes an excellent replacement for Vanguard Short-Term Investment-Grade Fund (VFSTX). VFSTX is actively managed, while VSCSX is an index fund, so this should avoid a wash sale. However, the portfolios are practically the same. If you have at leas...
by iceport
Thu Apr 19, 2018 11:29 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 2982

Re: Larry Swedroe: What Hampers Pension Plans

It just irks me, though, that the same eagerness to default on long term promises is not extended to bonds. The obvious economic difference is that defaulting on bonds would cripple the ability to continue to borrow. But there's no reason , in my view, why a bondholder should be treated as somehow ...
by iceport
Thu Apr 19, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 2982

Re: Larry Swedroe: What Hampers Pension Plans

Sadly, Larry makes no mention of the most likely primary source of the underfunding: In contrast, the following might be of interest, in regard to Illinois, your state may differ. Below is the title of the paper, that summarizes the article: A dramatic rise in pension benefits – not funding shortfa...
by iceport
Wed Apr 18, 2018 7:50 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 6172

Re: Bloomberg article on lump sum vs dollar cost averaging

A good article on dollar cost averaging. https://www.bloomberg.com/view/articles/2018-04-18/lump-sum-investing-is-the-best-strategy-except-in-this-market A fav quote: "Investing is ultimately an exercise in regret minimization" I used to try lump sum and market timing stuff until I realized I'm ter...
by iceport
Wed Apr 18, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 2982

Re: Larry Swedroe: What Hampers Pension Plans

Why in the world should any of the shortfall be "eaten" by the beneficiaries? They're not the ones playing games to artificially reduce the annual required contributions! If nothing is done, then the choice becomes reduce benefits or increase contributions. The people making contributions may very ...
by iceport
Wed Apr 18, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 2982

Re: Larry Swedroe: What Hampers Pension Plans

The question in the end will be: What portion of the shortfall is eaten by the beneficiaries, and what portion by the general public? Why in the world should any of the shortfall be "eaten" by the beneficiaries? They're not the ones playing games to artificially reduce the annual required contribut...
by iceport
Wed Apr 18, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 2982

Re: Larry Swedroe: What Hampers Pension Plans

http://www.etf.com/sections/index-investor-corner/swedroe-what-hampers-pension-plans?nopaging=1 In this article Larry reviews the status of public pension plans. This is a good Boglehead article explaining the problems facing US public pensions. The lessons completely translate to us individual inv...
by iceport
Wed Apr 11, 2018 1:47 pm
Forum: Investing - Theory, News & General
Topic: Emerging markets tilt
Replies: 37
Views: 3354

Re: Emerging markets tilt

I'm curious to hear from people who are tilting towards EM in the current enviroment: How big is your tilt? What's your rationale? What's your prognosis for the future? I know questions like these have been asked before, but people's opinions on this stuff changes depending on which way the wind is...
by iceport
Wed Apr 11, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 6281

Re: Bill Bernstein, new podcast

Nice soundbite, because that is the quintessence of Dave Ramsey's response to folks who disagree with him. :-) [...] I also enjoyed Bernstein's take on hedonic adaptation. He really makes a lot of sense. I don't get your point. You plucked out one sentence. I just referenced that one sentence. Whet...
by iceport
Wed Apr 11, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 6281

Re: Bill Bernstein, new podcast

Thanks for the link! It's always great to hear Bill Bernstein's thoughts. This isn't really fair to rip this out of context, but here's my favorite soundbite: "...a suboptimal strategy that you can execute is better than an optimal strategy you can’t execute." Nice soundbite, because that is the qu...
by iceport
Mon Apr 09, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: Post your TLH success / failures
Replies: 6
Views: 663

Re: Post your TLH success / failures

I thought I would post a big success, but after running the numbers, my TLH experience looks downright inconsequential. I harvested losses in Vanguard Total Stock Market Index Fund in mid-October, 2008 in the midst of the Great Recession. I was able to harvest another small loss in the effectively i...
by iceport
Thu Apr 05, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?
Replies: 93
Views: 4858

Re: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?

From author Bill Bernstein in a recent podcast: Bill: Well, I think that markets are basically efficient. You can find certainly holes in market efficiency, it’s a model. The efficient market hypothesis is a model, it’s not reality, but it’s close. The important thing to realize is that there’s very...
by iceport
Thu Apr 05, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 6281

Re: Bill Bernstein, new podcast

Thanks for the link! It's always great to hear Bill Bernstein's thoughts. This isn't really fair to rip this out of context, but here's my favorite soundbite: "...a suboptimal strategy that you can execute is better than an optimal strategy you can’t execute." Nice soundbite, because that is the qu...
by iceport
Thu Apr 05, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein, new podcast
Replies: 56
Views: 6281

Re: Bill Bernstein, new podcast

Thanks for the link! It's always great to hear Bill Bernstein's thoughts.

This isn't really fair to rip this out of context, but here's my favorite soundbite:

"...a suboptimal strategy that you can execute is better than an optimal strategy you can’t execute."
by iceport
Wed Apr 04, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated taxes for 2018
Replies: 18
Views: 1821

Re: Estimated taxes for 2018

For those of you who prefer to pay estimated taxes based on annualized income (rather than the "safe harbor" of 100%/110% of last year's tax), how are you planning to calculate your estimates this year? I'm guessing there's no tax software out there that is updated for all the 2018 changes yet. Any...
by iceport
Wed Apr 04, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: Make your retirement money last
Replies: 56
Views: 16238

Re: Make your retirement money last

In my view, there really is no more trustworthy financial journalist than Jane Bryant Quinn, and her new book is a tour de force of the financial issues you’ll face in retirement. I highly recommend it. I agree with Larry. Jane Bryant Quinn’s “How to Make Your Money Last: The Indispensable Retireme...
by iceport
Tue Apr 03, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale rule question
Replies: 3
Views: 329

Re: Wash sale rule question

I am trying to figure out from a tax standpoint what would be my best approach for selling and funding the IRAs, as I don't want to wait to invest but also don't quite understand the tax implications. Would it be best to buy a different fund and hold for 30 days in the IRA, then sell and put the mo...
by iceport
Tue Apr 03, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?
Replies: 93
Views: 4858

Re: Any seasoned advisors to discuss best sectors/mutual funds for market out-performance?

I'm not too unintelligent to have gotten to where I'm at. If the market indices catch up to my hand selected funds, why wouldn't I go with index funds? It just hasn't happened yet. Hate to say it, but it hasn't been close. Hard numbers are much more convincing than people. The S&P or Nasdaq has don...
by iceport
Tue Apr 03, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

When within the same account, I'll rely the brokerage's criteria to flag a loss in taxable as a wash sale or not. You are aware, though, that the brokerage's requirements are different than yours, right? That's the point. I'm not sure what you're driving at. Could you elaborate? My point was that b...
by iceport
Mon Apr 02, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Did I just screw up my first attempt at tax loss harvesting?
Replies: 12
Views: 835

Re: Did I just screw up my first attempt at tax loss harvesting?

I don't know why I still find this TLH thing so confusing. Don't feel bad, this can be confusing. Give these three short articles a read, and you should understand it all much better. The author has a knack for clear and concise explanations. Wash Sales 101 Substantially Identical Securities Wash S...
by iceport
Mon Apr 02, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

samsoes wrote:
Mon Apr 02, 2018 3:29 pm
When within the same account, I'll rely the brokerage's criteria to flag a loss in taxable as a wash sale or not.
You are aware, though, that the brokerage's requirements are different than yours, right?
by iceport
Mon Apr 02, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: Unanswered: Clements Highlights 4 Questions of Much Debate
Replies: 27
Views: 2571

Re: Unanswered: Clements Highlights 4 Questions of Much Debate

1. What’s a retiree’s best strategy for drawing down a portfolio? for a recent thread on the first topic, see here https://www.bogleheads.org/forum/viewtopic.php?f=10&t=245377 "Grok's LMP-4: The 3-legged stool approach to retirement planning" cheers, grok Hi grok, Clements' strategy on this was a s...
by iceport
Mon Apr 02, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

I will admit that I am not an IRS agent. I have always interpreted the wash sale "spirit of the law" as meaning that you may "get stuck" with something, meaning that there has been "risk" (i.e., "getting stuck" with the large cap fund). I had no way of knowing in March, 2009, that it was the nadir ...
by iceport
Mon Apr 02, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: Unanswered: Clements Highlights 4 Questions of Much Debate
Replies: 27
Views: 2571

Re: Unanswered: Clements Highlights 4 Questions of Much Debate

THERE ARE MANY FINANCIAL DEBATES that shouldn’t be debates at all. I DISAGREE VEHEMENTLY. I don't know if this was toungue-in-cheek, but I'd just like to point out that this wasn't my statement, and the capitalization of the first letter or words of the first paragraph is some kind of journalistic ...
by iceport
Mon Apr 02, 2018 1:13 pm
Forum: Investing - Theory, News & General
Topic: Unanswered: Clements Highlights 4 Questions of Much Debate
Replies: 27
Views: 2571

Re: Unanswered: Clements Highlights 4 Questions of Much Debate

1. What’s a retiree’s best strategy for drawing down a portfolio? for a recent thread on the first topic, see here https://www.bogleheads.org/forum/viewtopic.php?f=10&t=245377 "Grok's LMP-4: The 3-legged stool approach to retirement planning" cheers, grok Hi grok, Clements' strategy on this was a s...
by iceport
Mon Apr 02, 2018 1:08 pm
Forum: Investing - Theory, News & General
Topic: Unanswered: Clements Highlights 4 Questions of Much Debate
Replies: 27
Views: 2571

Re: Unanswered: Clements Highlights 4 Questions of Much Debate

Well, unfortunately these questions cannot be answered with 100% certainty. You can inform yourself the best you can and make the best decisions possible based upon your knowledge and personal situation. What makes it even harder is that well respected experts disagree on these questions. Even when...
by iceport
Sun Apr 01, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Unanswered: Clements Highlights 4 Questions of Much Debate
Replies: 27
Views: 2571

Unanswered: Clements Highlights 4 Questions of Much Debate

Jonathan Clements always seems to stake out reasonable positions on questions that elude easy answers. Even so, a couple of his proposals surprised even me, a long time reader. THERE ARE MANY FINANCIAL DEBATES that shouldn’t be debates at all. Folks strike strident poses, but often their positions d...
by iceport
Sat Mar 31, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 288
Views: 21802

Re: Got my Ruth's Chris seminar invitation, "Surviving Retirement"

At least you'll get a fine meal. Mine wasn't nearly as upscale. But if your experience turns out to be anything like mine was, you'll feel dirty before it's over. I should have anticipated the dilemma I would be in, but it didn't hit me until I was sitting there with my meal in front of me that I wo...
by iceport
Sat Mar 31, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

I guess people just can't stand the idea of staying out of the market for 30 days and buying back the position. How often are people selling for tax losses anyway. I haven't done it for years, but everyone's situation is different. You're right! I certainly couldn't stand to stay out of the market ...
by iceport
Sat Mar 31, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 9498

Clements on Bernstein: Four Pillars of Investing

Well, I don't think the OP does a very good job of characterizing the article. The title gives a better indication: Four Pillars of Investing What science? Bernstein, whom I’ve known for more than two decades, says it has four elements: investment theory, history, psychology, and the business of inv...
by iceport
Sat Mar 31, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

A casual search turned up a valuable resource in considering the question of whether two securities are "substantially identical." The one caveat I must make is that the author, Garrett M. Fischer, Washington University School of Law, makes one huge, glaring error that I'll identify below. That erro...
by iceport
Fri Mar 30, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard in the WSJ today
Replies: 57
Views: 8066

Re: Vanguard in the WSJ today

conspiracy to drag down vanguard and shift business away from them??? Gripes about Vanguard's interface and customer service are well-known on this forum. Could it be that those who post are mostly the individuals who have had a bad experience? It does not tell us anything about the statistics for ...
by iceport
Fri Mar 30, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

Here was an old article also on kitces: https://www.kitces.com/blog/the-wash-sale-problem-when-tax-loss-harvesting-almost-substantially-identical-mutual-funds-and-etfs/ Thanks for that outstanding article! It's well worth the time to read. (The more I read of Kitces, the more impressed I become.) Y...
by iceport
Fri Mar 30, 2018 4:27 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

Transactions must have a economic reason, not a tax reason. Consider a situation were you sell the Vangaurd S&P 500 mutual fund and buy one of the following: Fidelity 500 mutual fund S&P 500 futures Deep in the money puts on the S&P 500 Alex_686's S&P 499 Fund - just like the S&P 500, expect with t...
by iceport
Thu Mar 29, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

Here was an old article also on kitces: https://www.kitces.com/blog/the-wash-sale-problem-when-tax-loss-harvesting-almost-substantially-identical-mutual-funds-and-etfs/ Thanks for that outstanding article! It's well worth the time to read. (The more I read of Kitces, the more impressed I become.) K...
by iceport
Thu Mar 29, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard in the WSJ today
Replies: 57
Views: 8066

Re: Vanguard in the WSJ today

Thanks for sharing. I was considering moving my ira from Vanguard to Fidelity. Now I have to wonder if they will mangle the transaction... :shock: I just did a rollover of a 401k with TIAA to an IRA with Vanguard, and the process was easy and fast. Same here, with a rollover from a 457b to a tIRA a...
by iceport
Thu Mar 29, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

Whether or not they are substantially identical there is no existing mechanism to "trigger" a wash sale unless you voluntarily do it to yourself. No broker is currently attempting to report wash sales that require them to determine that two not exactly identical funds are substantially identical. T...
by iceport
Thu Mar 29, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: Vanguard in the WSJ today
Replies: 57
Views: 8066

Re: Vanguard in the WSJ today

conspiracy to drag down vanguard and shift business away from them??? That's a strange reaction. From my perspective, the article was fair and balanced, and the WSJ is performing precisely the role it should to inform the public. To me, this is a newsworthy event. Not only should investors be able ...
by iceport
Thu Mar 29, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question- are ITOT and VTI Substantially Identical?
Replies: 60
Views: 3809

Re: Wash sale question- are ITOT and VTI Substantially Identical?

That's a tough call, and a reasonable interpretation could go either way. Some folks argue that funds managed by different companies can never meet the test of "substantially identical," even if they follow the same index. I disagree. However, in your case, there's an additional factor to consider: ...
by iceport
Thu Mar 29, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and Taxable
Replies: 10
Views: 1314

Re: Roth IRA and Taxable

A s you can see above i have some money into both. I was more thinking in terms of tax efficiency putting money in VCADX and VWIUX for the 20k. of the ones that let you invest less than 50k at the time. What 's your take on this? OK, so you're close to 60/40 now, and that has been your target. That...
by iceport
Thu Mar 29, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: wash sale question
Replies: 5
Views: 397

Re: wash sale question

This is a confusing situation, but I agree with you learning_head that the loss in the taxable account should be allowed and the sale shouldn't be considered a wash sale. I'm only basing that on the guidance provided at Fairmark.com ( Wash Sales and Replacement Stock ), where applicable rulings (or ...
by iceport
Wed Mar 28, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: How to use a 4.1% guaranteed fund?
Replies: 22
Views: 2616

Re: How to use a 4.1% guaranteed fund?

There are funds available in certain public systems (for example, the New York teacher's retirement account) that legitimately GUARANTEE a specific return (called "fixed return funds"). It's not the same as a stable value fund. The taxpayers are the hook for any shortage. Not saying that's the case...
by iceport
Wed Mar 28, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and Taxable
Replies: 10
Views: 1314

Re: Roth IRA and Taxable

I will be putting $6500 into a Roth IRA for 2017 and 2018. should i balance these into 50% stocks and 50%. bonds. following the below allocation at Vanguard. VTSAX 50% VBTLX 50% or given the market, my age i should put more into bonds. Hi linguista57, What is your target asset allocation? Are you a...
by iceport
Wed Mar 28, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6638
Views: 1433554

Re: U.S. stocks in freefall

I bought five shares of VOO this afternoon so that if we have more downturn next week I can sell it for a tax loss and make good on my vow to exchange that for IVV to show my belief that it's not a wash sale . And if the markets never go down, then I will have singlehandedly arrested the slide. Aga...
by iceport
Wed Mar 28, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6638
Views: 1433554

Re: U.S. stocks in freefall

As best I can piece your thought process together, you seem to think if a brokerage doesn't report it, that it is evidence that they are not "substantially identical". No, you want to continue an argument from a different thread on a different subject, one where I already said that I would not cont...
by iceport
Wed Mar 28, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6638
Views: 1433554

Re: U.S. stocks in freefall

As best I can piece your thought process together, you seem to think if a brokerage doesn't report it, that it is evidence that they are not "substantially identical". No, you want to continue an argument from a different thread on a different subject, one where I already said that I would not cont...
by iceport
Wed Mar 28, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: TLH with Roth IRA wash sale complication
Replies: 25
Views: 1678

Re: TLH with Roth IRA wash sale complication

For the benefit of the OP: As this article explains, 1099-B reporting requirements are not the same as taxpayer compliance with Section 1091. Therefore, "the changes involving covered shares" offer no new insight into the IRS interpretation of "substantially identical." Wash Sale Loss Adjustments Ca...
by iceport
Wed Mar 28, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: What would you do if you were in charge of a State Pension Fund?
Replies: 36
Views: 2193

Re: What would you do if you were in charge of a State Pension Fund?

Tempting to get Larry Swedroe to manage it, but I’d probably just three-fund it. Larry doesn't believe in pensions. So how well would he manage something he doesn't believe should exist? He doesn’t need to know what it's for. Just tell him you have a lot of money, a long investment horizon, a desir...
by iceport
Wed Mar 28, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6638
Views: 1433554

Re: U.S. stocks in freefall

In that discussion, he seems to be interpreting the 1099-B reporting requirements as some form of clarification of the IRS interpretation of "substantially identical" securities. So if a brokerage reported that exchange as a wash sale, you would not consider that to be evidence of "substantially id...
by iceport
Wed Mar 28, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: What would you do if you were in charge of a State Pension Fund?
Replies: 36
Views: 2193

Re: What would you do if you were in charge of a State Pension Fund?

randomizer wrote:
Wed Mar 28, 2018 10:06 am
Tempting to get Larry Swedroe to manage it, but I’d probably just three-fund it.
Larry doesn't believe in pensions. So how well would he manage something he doesn't believe should exist?