Search found 55 matches

by TheGuru1
Thu Jan 28, 2016 10:38 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 18985

Re: What is your favorite Financial Quote or Metaphor??

"Investing is like boxing; if you don't like getting punched in the face once in a while, stay out of the ring!" -- TheGuru1
by TheGuru1
Thu Jan 28, 2016 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Exclusion
Replies: 8
Views: 809

Re: Gift Tax Exclusion

mkatz,

Please realize that tuition payments, as long as they are paid directly to the educational institution, do not count as gifts for gift tax purposes. Payments made for room and board DO count as gifts.

http://wills.about.com/od/understanding ... ifttax.htm

TheGuru1
by TheGuru1
Fri Aug 21, 2015 10:21 pm
Forum: Investing - Theory, News & General
Topic: Should I want the market to go up or down?
Replies: 35
Views: 4902

Re: Should I want the market to go up or down?

1st Fundamental Rule of Investing as far as I am concerned -- The Market does NOT care what you want!

2nd Fundamental Rule of Investing I preach -- Always remember Rule #1.

Invest accordingly.
by TheGuru1
Thu Mar 05, 2015 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Help
Replies: 4
Views: 427

Re: Tax Help

Are you both withholding at "Married" rates? If yes, one of you can elect to withhold at higher single rates despite being married and more withholding will be taken out of your paycheck each pay period. Check out Publication 15 at www.irs.gov to see how withholding applies to your specific situation.
by TheGuru1
Thu Jan 29, 2015 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Exercise ISO and then Sell shares
Replies: 4
Views: 670

Re: Exercise ISO and then Sell shares

Did you complete and File Form 8801 for Tax Years 2011, 2012 and 2013? The AMT credit was "created" as a result of the transaction which occurred in 2010 (Exercise and hold of an ISO). Even if you did not claim any of the credit in 2011, 2012 or 2013, I believe the completion of the Form 8801 for ea...
by TheGuru1
Tue Jan 13, 2015 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: rental property depreciation
Replies: 25
Views: 3086

Re: rental property depreciation

burt, Regardless of whether or not you sell this property within the next 3 years, I believe a portion of the gain attributed to depreciation taken or depreciation that could have been taken during the period of the time the property was a rental property will be recaptured as a taxable gain. It is ...
by TheGuru1
Sun Oct 05, 2014 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawing Roth Conversion Amount - Taxed?
Replies: 4
Views: 703

Re: Withdrawing Roth Conversion Amount - Taxed?

kaneohe, Thank you for posting that link as people need to understand the rules before engaging in potential "a little bit of knowledge is dangerous knuckleheadery." Amounts converted to a Roth can be withdrawn tax and penalty free but earnings on the amounts converted will be subject to both income...
by TheGuru1
Thu Sep 18, 2014 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Preparation Cost
Replies: 19
Views: 1954

Re: Tax Preparation Cost

As a CPA, depending on the state(s) you live in, I would say no more than $500.
by TheGuru1
Wed Dec 12, 2012 1:21 pm
Forum: Investing - Theory, News & General
Topic: CFA and CIPM Programs
Replies: 23
Views: 6597

Re: CFA and CIPM Programs

Rick, Funny you should mention that. I looked at past Level III exams (1997-2002) when I sat for Level III in 2003. From what I could tell, we were "due" for a few Insurance/Endowment portfolio management case problems. If I recall correctly, I believe the 1st 3 or 4 case problems were on those very...
by TheGuru1
Wed Dec 12, 2012 1:01 am
Forum: Investing - Theory, News & General
Topic: CFA and CIPM Programs
Replies: 23
Views: 6597

Re: CFA and CIPM Programs

CFA exam is like running a marathon at a full sprint for the entire distance. The distance training is accomplished through repetitive, intensive studying for months prior to each level so that one can sprint on test day and let it all hang out.
by TheGuru1
Tue Dec 11, 2012 11:14 pm
Forum: Investing - Theory, News & General
Topic: CFA and CIPM Programs
Replies: 23
Views: 6597

magician -- I have the secret for passing the CFA Exams

Tell all your seminar attendees the secret to passing the 3 levels of the CFA Exam is a very simple one. For each level, study a substantially sufficient amount of time so the goal is to achieve a "100% score" for each level taken. Study to get a 100% and you will pass, study to get an 80% and you w...
by TheGuru1
Thu Nov 08, 2012 6:16 pm
Forum: Investing - Theory, News & General
Topic: PBS Frontline is looking for people to interview
Replies: 24
Views: 9670

Re: PBS Frontline is looking for people to interview

Why is Frontline not looking for people with positive experiences as well. Find 'em both and do a side-by-side comparison of the plans. Much more informative if people have a decent baseline upon which they can evaluate their own plan.
by TheGuru1
Thu Nov 08, 2012 2:42 pm
Forum: Investing - Theory, News & General
Topic: [looking for tax advantaged space]
Replies: 18
Views: 2995

Re: Taxmagedon - Where to hide!

Married with a child -- 529 -- $26,000 per child. $13,000 from each spouse.
by TheGuru1
Thu Mar 29, 2012 1:58 pm
Forum: Investing - Theory, News & General
Topic: What should I do when I win the $500M lottery?
Replies: 68
Views: 6390

Re: What should I do when I win the $500M lottery?

Lump sum using the bulk of it as seed money for your hedge fund. Attract new money based on your impressive gathering of initial assets. Collect 2 and 20 for about a decade and retire with a net worth north of $1 billion.
by TheGuru1
Wed Mar 28, 2012 11:08 am
Forum: Investing - Theory, News & General
Topic: Think Twice About that Financial Advisor
Replies: 44
Views: 4825

Re: Think Twice About that Financial Advisor

I disagree! NEVER institute the fiduciary standard! #1 -- it will never be enforced by the regulators against the big institutions; #2 -- as a newbie in the RIA space, the unethical advisors are free marketing for people like myself. I'd rather sleep well than eat well and that is fine with me.
by TheGuru1
Tue Mar 13, 2012 11:40 am
Forum: Investing - Theory, News & General
Topic: Non deductible IRA
Replies: 6
Views: 672

Re: Non deductible IRA

Do you have any other IRAs? If not, the Backdoor Roth could be a nice option for you.
by TheGuru1
Thu Mar 08, 2012 11:00 pm
Forum: Investing - Theory, News & General
Topic: "Watson" on Wall Street - Lower Risk?
Replies: 21
Views: 1520

Re: "Watson" on Wall Street - Lower Risk?

Watson just commented on the current market environment: "It is a computer stockpicker's market right now."
by TheGuru1
Sat Feb 11, 2012 12:41 pm
Forum: Investing - Theory, News & General
Topic: In what country do you live?
Replies: 5
Views: 971

Re: In what country do you live?

People's Republic of Connecticut.
by TheGuru1
Sat Feb 04, 2012 12:16 am
Forum: Investing - Theory, News & General
Topic: Medicare Taxes Affect on Portfolio Allocations
Replies: 23
Views: 2403

Beagler

The 3.8% surtax does not apply to distributions from a retirement plan. I believe your annuity within a 401k is shielded from this tax.
by TheGuru1
Thu Feb 02, 2012 10:41 pm
Forum: Investing - Theory, News & General
Topic: New Fiduciary Standard Coming?
Replies: 22
Views: 2266

Re: New Fiduciary Standard Coming?

I hope it does NOT get passed. Some of us who are truly fiduciaries love the fact that there are others out there that are not. Those who are not fiduciaries and are not ethical are a free marketing department for people who go it on their own in this business. Scumbags are good for business for eth...
by TheGuru1
Sun Jan 29, 2012 10:49 am
Forum: Investing - Theory, News & General
Topic: Will you be investing in the Facebook IPO?
Replies: 67
Views: 9299

Re: Will you be investing in the Facebook IPO?

ABSOLUTELY!!!!! Via an index fund.
by TheGuru1
Sat Jan 28, 2012 11:46 pm
Forum: Personal Investments
Topic: Please Review Our Jumbled Mess of a Portfolio
Replies: 33
Views: 2794

Re: Please Review Our Jumbled Mess of a Portfolio

How many years left on that mortgage. You can refi into a 15 at approximately 3.25% if your credit is stellar. Myself, I am 43 years old and 5 months into a 30 year at 3.75% (paid no points) -- I can shorten up the term by paying extra any time I want to. I have the funds to pay 1/2 -3/4 of it down ...
by TheGuru1
Mon Jan 23, 2012 12:03 pm
Forum: Investing - Theory, News & General
Topic: Is Now Always the Best Time to Invest?
Replies: 31
Views: 3618

Re: Is Now Always the Best Time to Invest?

According to many realtors, NOW is ALWAYS the BEST time to buy a house.
by TheGuru1
Sun Jan 22, 2012 11:21 pm
Forum: Investing - Theory, News & General
Topic: Investing in the worst fund of last year this year
Replies: 21
Views: 2365

Re: Investing in the worst fund of last year this year

Do not "play" this game with your actual money. Create a shadow portfolio of assets you in which you intend to invest in a spreadsheet and look at the theoretical values and returns that you derive. Unless you are a professional athlete, you do not get paid to "play."
by TheGuru1
Sun Jan 22, 2012 11:08 pm
Forum: Personal Consumer Issues
Topic: I think NY Giant coach Tom Coughlin is a Boglehead
Replies: 29
Views: 2834

I think NY Giant coach Tom Coughlin is a Boglehead

When asked how his Giants have been able to achieve what they have achieved in this run to the Super Bowl, he responded -- "Staying the course, . . . "
by TheGuru1
Sat Jan 21, 2012 6:07 pm
Forum: Investing - Theory, News & General
Topic: Pat Regnier: "My brilliant sell-everything trade"
Replies: 25
Views: 2685

Re: Pat Regnier: "My brilliant sell-everything trade"

What Mr. Regnier forgets will cost him. As many of us have our retirement assets in traditional 401ks and IRAs, our Uncle Sam and Cousin (Governor of whatever state is looking forward to a piece of the action if one lives in a state with a state income tax) were taking those losses with us. I have c...
by TheGuru1
Thu Jan 12, 2012 11:29 am
Forum: Investing - Theory, News & General
Topic: Net Worth by Age [and plot]
Replies: 152
Views: 12161

Re: Net Worth by Age [and plot]

englishgirl, People may have "more money" than you, but the question is are you on track to amass a net worth that allows you to reach your goals. I will start worrying about how much other people are worth when other people start paying my bills. Measuring yourself against others will always lead o...
by TheGuru1
Wed Jan 11, 2012 2:27 pm
Forum: Personal Investments
Topic: Taking a 529 state tax deduction in a non-resident state
Replies: 15
Views: 3480

Re: Taking a 529 state tax deduction in a non-resident state

NJ or CT residents or residents of any other state who have NY state income -- think live in one state but work in NY, are eligible to receive a 529 tax deduction in NY. NY literature is pretty clear on this point as the 529 plan discusses the tax deduction available to NY taxpayers as opposed to NY...
by TheGuru1
Fri Jan 06, 2012 1:45 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Anti-Guru
Replies: 13
Views: 3471

I take offense!

What did I ever to do to him?
by TheGuru1
Fri Dec 30, 2011 11:23 pm
Forum: Investing - Theory, News & General
Topic: Calculating MAGI for Roth or tIRA Contribution
Replies: 18
Views: 1491

Re: Calculating MAGI for Roth or tIRA Contribution

Gotta agree with Grabiner's logic as stated.
by TheGuru1
Fri Dec 30, 2011 11:21 pm
Forum: Investing - Theory, News & General
Topic: Update: The Incredible Shrinking Market
Replies: 87
Views: 11767

Re: Update: The Incredible Shrinking Market

Do you feel positive, negative or indifferent about this trend?
by TheGuru1
Sun Dec 11, 2011 2:35 pm
Forum: Investing - Theory, News & General
Topic: Coming shortage of equity investors
Replies: 21
Views: 2657

Re: Coming shortage of equity investors

civi68 -- Think about the insanity of this quote from your post: "Unless stocks go back to how they were in the mid 90s to 2007, I have little interest in getting more. " When equities get frothy and highly "valued" like the periods of the mid-to-late 90's and 2007, it may very well be an extremely ...
by TheGuru1
Fri Dec 09, 2011 11:55 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting when it is dumped in your lap
Replies: 6
Views: 756

Re: Tax Loss Harvesting when it is dumped in your lap

Depends. Are you in a high marginal tax bracket? If so, the capital loss allowance of $3,000 against ordinary income will be worth more in just over 12 months if we revert back to the old rates. In addition, you may want to considering keeping loss unrealized until then to offset other gains at that...
by TheGuru1
Fri Dec 09, 2011 9:57 am
Forum: Investing - Theory, News & General
Topic: qualified divds taxation question
Replies: 45
Views: 14676

Re: qualified divds taxation question

Yes. You can be in the 35% bracket and have qualified dividends and the QD's would be taxed at 15%.
by TheGuru1
Tue Sep 06, 2011 7:40 pm
Forum: Investing - Theory, News & General
Topic: Deleted
Replies: 78
Views: 8811

October 3, 1989

Rolling Stones concert at Foxboro Stadium on my 21st birthday. Briefly met Jagger and Keith in the parking lot several minutes later.
by TheGuru1
Fri May 13, 2011 9:23 am
Forum: Investing - Theory, News & General
Topic: How many CFA charterholders have we here?
Replies: 53
Views: 10639

Level II was nasty!

Attica like in its savagery. Did not help that our 1st child was born in March of that year.
by TheGuru1
Mon May 09, 2011 8:53 pm
Forum: Investing - Theory, News & General
Topic: How many CFA charterholders have we here?
Replies: 53
Views: 10639

CFP vs. CPA (in terms of difficulty)

I found there was little, if any, spare time in the CFA exam. There was some time to think some things through on the CFP. There was plenty of time to really think things through on the CPA exam. On these types of exams, I tend to believe that the time constraints ratchet up the pressure to perform ...
by TheGuru1
Mon May 09, 2011 1:48 pm
Forum: Investing - Theory, News & General
Topic: How many CFA charterholders have we here?
Replies: 53
Views: 10639

Ahhh, you discovered the secret formula for passing

Study to score a 100% and you will pass. I did the same.
by TheGuru1
Mon May 09, 2011 1:32 pm
Forum: Investing - Theory, News & General
Topic: How many CFA charterholders have we here?
Replies: 53
Views: 10639

The only way to knock them down is 1-2-3. I have seen people stretch this thing out over 5-7 years which is foolish. I took the CFA exam when I was working for a prominent financial information company that sold subscriptions to investment managers, investment bankers, etc. I'm now a hard core index...
by TheGuru1
Mon May 09, 2011 1:18 pm
Forum: Investing - Theory, News & General
Topic: How many CFA charterholders have we here?
Replies: 53
Views: 10639

Congrats!

TigerNest wrote:CFA charterholder since 2011 (!), and on my way to the CPA.
by TheGuru1
Mon May 09, 2011 1:13 pm
Forum: Investing - Theory, News & General
Topic: How many CFA charterholders have we here?
Replies: 53
Views: 10639

In order of difficulty:

1. CFA (Not one, not two, but THREE six-hour marathons that can only be completed in a sprint.) The most difficult of the 3 by far.

2. CFP

3. CPA
by TheGuru1
Mon May 09, 2011 1:05 pm
Forum: Investing - Theory, News & General
Topic: How many CFA charterholders have we here?
Replies: 53
Views: 10639

CPA, CFA Charterholder (2003) and passed the CFP exam in July 2008. Rick Ferri is a CFA Chrterholder as well.
by TheGuru1
Sat May 07, 2011 9:15 pm
Forum: Investing - Theory, News & General
Topic: Current News & Views on Muni Market
Replies: 6
Views: 1115

How convenient!

Eliminate the tax exemption just in time for the income from these instruments now being susceptible to the 3.8% surcharge on investment income for those singles making greater than $200k and marrieds making greater than $250k in 2013 per the Health (Tax) Care law.
by TheGuru1
Wed Feb 16, 2011 1:57 pm
Forum: Investing - Theory, News & General
Topic: 2011 Roth Conversion Income Limit
Replies: 14
Views: 9453

Couple of things here, guys

It is NOT the tax that can be split over 2 years; it is the income that can be split. That is an important distinction if you are applying for financial aid for colleges and you unwittingly inflated your income due to a Roth IRA conversion in a year in which a child or children of yours are applying...
by TheGuru1
Fri Feb 11, 2011 8:00 pm
Forum: Investing - Theory, News & General
Topic: Use Roth to Pay off Mortgage
Replies: 9
Views: 2217

Exit fee

Will you have to pay a 5% exit fee when you pull your money from the Roth years from now? You probably will have to pay that fee when you sell the house down the road. Roth money is sacrosanct to me.
by TheGuru1
Fri Feb 11, 2011 4:16 pm
Forum: Investing - Theory, News & General
Topic: Roubini predicts stocks will drop as banks go belly-up
Replies: 42
Views: 8348

And what happened in March 2009 (around March 20th)?

The FASB abandoned mark-to-market accounting even though the "establishment" had zero problem with MTM accounting as asset values were written up from 2003-2007.
by TheGuru1
Wed Jan 26, 2011 7:32 pm
Forum: Investing - Theory, News & General
Topic: How do financial advisors invest their own money?
Replies: 21
Views: 3964

How this adviser invests

For the most part (95%) of portfolio, low-cost passive funds and ETF's. 5% of the portfolio is my former employer's stock.
by TheGuru1
Wed Jan 05, 2011 11:42 am
Forum: Investing - Theory, News & General
Topic: Non-deductible IRA conversion to Roth
Replies: 3
Views: 887

Jfet

You are correct. Conversion limits have NOT been reinstated. Take advantage while it lasts if it suits your situation.