Search found 763 matches

by NYCPete
Fri Jun 19, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Ford Foundation Issues $1 Billion in Social Bonds
Replies: 53
Views: 4258

Re: Ford Foundation Issues $1 Billion in Social Bonds

That said, I am glad the Ford Foundation is doing this -- it irritates me to see big charities tightening their pursestrings when they're needed the most in the interest of "fiscal discipline." Universities are especially bad about this! I understand the sentiment about charities, but universities ...
by NYCPete
Tue Jun 16, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: Thinking beyond mainstream investing?
Replies: 8
Views: 519

Re: Thinking beyond mainstream investing?

The older I get the more I realize mainstream is for uninformed amateurs. Savvy people generally do things very differently. I know there is the "Three index fund" approach. That is certainly better than mainstream but it is using the same tools that everyone has access to. So are there different i...
by NYCPete
Thu Jun 11, 2020 4:42 pm
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16239

Re: Thoughts on today's sell-off?

I much appreciate everyone who has shared (and will share - keep it coming) their feedback here. At the same time, my head is spinning a bit, since some people recommend me to do nothing (i.e., keep my EF intact) and some advised to DCA. Let me clarify my situation. My current EF ($32K) covers abou...
by NYCPete
Thu Jun 11, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3488

Re: form 8606 blues

No sane person would seek one medical profession to perform work on another because it is common sense. But this common sense/knowledge doesn't exist when it comes to CPA and filing taxes. Focus of a CPA is applying accounting concepts and having a general knowledge of federal tax regulations; not ...
by NYCPete
Thu Jun 11, 2020 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card expiring - to keep or let go?
Replies: 15
Views: 1332

Re: Credit Card expiring - to keep or let go?

The card in question is a Pottery Barn card through Comenity Bank. We've had it for just over 10 years. We haven't used it in 18 months and we got a notice that it's set to expire at the end of July. There's a little bit of a back story... We earned reward certificates by using the card and redeeme...
by NYCPete
Wed Jun 10, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3488

Re: form 8606 blues

Hello All. I was educating myself regarding IRA contributions- and learnt about the form 8606- needed for reporting non -deductible IRA contributions to IRS. me/wife had had 401ks all these years and exceed the income limit for deductible IRA contribution. I went back through my tax returns all the...
by NYCPete
Mon Jun 08, 2020 12:17 pm
Forum: Personal Investments
Topic: Advice on my AA? 30% stocks / 70% gold
Replies: 22
Views: 1043

Re: Advice on my AA? 30% stocks / 70% gold

Gold valuation are held up by rarity and tradition . Do you know the card collectible game Magic the Gathering there is something called the "Reserved List" whose cards have high value? These paper cardboards' value are held up by rarity and tradition as well. I do not have confidence in collectibl...
by NYCPete
Fri Jun 05, 2020 2:22 pm
Forum: Personal Investments
Topic: Tax Exempt investment for 9 month hold?
Replies: 16
Views: 831

Re: Tax Exempt investment for 9 month hold?

mega317 wrote:
Fri Jun 05, 2020 2:17 pm
NYCPete wrote:
Fri Jun 05, 2020 2:13 pm
Fully taxable 9 month CDs at Ally are 0.75% as of the day of this post.
11 month no-penalty CD is 1.2%, there is no reason to use the 9 month.
Sure, that works too.
by NYCPete
Fri Jun 05, 2020 2:13 pm
Forum: Personal Investments
Topic: Tax Exempt investment for 9 month hold?
Replies: 16
Views: 831

Re: Tax Exempt investment for 9 month hold?

I'm still puzzled why a money market fund wouldn't work here for your situation. Or a CD. A CD might still be better than a tax exempt MMF. It all depends on your tax rate. This calculator is helpful: Peter, Thank you for the link to the thread on Muni funds as well as the tax calculator. I read it...
by NYCPete
Fri Jun 05, 2020 10:49 am
Forum: Personal Investments
Topic: Tax Exempt investment for 9 month hold?
Replies: 16
Views: 831

Re: Tax Exempt investment for 9 month hold?

I contacted my accountant to be sure, and yes, I will not need to pay the CGT until next year. I thought that was the case when I posted, but I checked to be certain. I would think a tax exempt bond fund would be a better choice than a CD, no? Considering VMATX is state and federal tax exempt, that...
by NYCPete
Thu Jun 04, 2020 5:37 pm
Forum: Personal Investments
Topic: Tax Exempt investment for 9 month hold?
Replies: 16
Views: 831

Re: Tax Exempt investment for 9 month hold?

From a previous post on Lump Sum vs DCA I made: I had this same issue this week (lump sum vs DCA) having sold a piece of real estate and the cash was transferred to my account at VG. I agonized all week about how and when to invest, and what to invest in (it all had to go in taxable). I wrestled wi...
by NYCPete
Wed Jun 03, 2020 2:01 pm
Forum: Personal Investments
Topic: VG Digital Advisor vs LifeStrategy Fund in Taxable
Replies: 17
Views: 964

Re: VG Digital Advisor vs LifeStrategy Fund in Taxable

I'm trying to figure out if I would be better off using the Vanguard Digital Advisor or a VG LifeStrategy Fund in a taxable account. I'm taxed at an approx. 25% fed rate and 4% state rate. I would be investing about 300-500K in a taxable account. My goal is to NOT have to rebalance the funds myself...
by NYCPete
Fri May 29, 2020 3:58 pm
Forum: Personal Investments
Topic: $20K in I-bonds; sell?
Replies: 8
Views: 1116

Re: $20K in I-bonds; sell?

I have $20K+ in I-bonds. To simply my portfolio, I am strongly wanting to sell them. Half of them I have held longer than 5 years but the other half won't hit the 5 year mark until Nov 2021. Any reason why I shouldn't sell the half that I have held longer than 5 years? . This is a bit of a question...
by NYCPete
Thu May 21, 2020 1:19 pm
Forum: Personal Investments
Topic: Cash to bonds. But where?
Replies: 13
Views: 1260

Re: Cash to bonds. But where?

Retired couple here wondering where to place our monthly cash surplus. We plan to keep 10K in our Prime MM fund but are searching for a better yield. In addition, our annual rebalancing dictates adding to our bond holdings. The goal of this money is undetermined. Perhaps a future car replacement, m...
by NYCPete
Tue May 19, 2020 10:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 212
Views: 21740

Re: Vanguard brokerage account transition

So it appears a sticking point for some is the ownership issue of shares and the delay that could arise in transferring shares in the event that Vanguard Brokerage goes into bankruptcy. For those who worry less about a $6.2 trillion dollar firm with 17,000 employees going bankrupt, what other issues...
by NYCPete
Tue May 12, 2020 11:09 am
Forum: Personal Investments
Topic: Views on Oakmark International
Replies: 14
Views: 998

Re: Views on Oakmark International

We have a sizable position in OAKIX - 5% (+/-) of portfolio . Unfortunately, it was my recommendation in DW's retirement account which had limited options at the time. DW's retirement account now has indexing options and I am wondering whether to throw in the towel and start moving to an indexed ta...
by NYCPete
Thu Apr 23, 2020 3:11 pm
Forum: Investing - Theory, News & General
Topic: Bonds won't get you anywhere!
Replies: 85
Views: 9174

Re: Bonds won't get you anywhere!

Volatility can reduce returns. For example, let's look at two investments that have the same average annual return, but different volatility. Option A Invest $100 Year 1 - 20% return Year 2 - 0% return Result - $120 Option B Invest $100 Year 1- 10% return Year 2 - 10% return Result - $121 Volatility...
by NYCPete
Thu Apr 23, 2020 11:50 am
Forum: Personal Investments
Topic: All the upside of the S&P with 10% downside protection "Free"?
Replies: 116
Views: 8082

Re: All the upside of the S&P with 10% downside protection "Free"?

I had a conference call with these guys and read about 25 pages on the SEC site trying to sniff out any fees. I even recorded the call. They said under my scenario, no riders, s&p fund, no early surrender aka I buy and hold the S&P for 6 years, there are literally zero fees, Not true. From the pros...
by NYCPete
Wed Apr 08, 2020 11:44 am
Forum: Personal Investments
Topic: Move Vanguard funds to Fidelity?
Replies: 20
Views: 1261

Re: Move Vanguard funds to Fidelity?

Hi all, My Fidelity representative has suggested that in order to simplify my accounts that I move my Vanguard S&P 500 index fund and my Vanguard Total Stock Market Index fund over to Fidelity. The simplification part appeals to me but I was wondering if there were any drawbacks to having Fidelity ...
by NYCPete
Wed Apr 01, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6507

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

Is anyone willing to share their age, marital status( for net purposes), asset allocation Before and After this crisis, and if willing, their net worth and/or years to retirement? I think I’m looking to see just how much of a scaredy cat I’ve become. From other posts I’m surprised how highly tilted...
by NYCPete
Mon Mar 23, 2020 9:56 am
Forum: Personal Investments
Topic: For those timing the market right now, what are your criteria for getting back in?
Replies: 30
Views: 2358

Re: For those timing the market right now, what are your criteria for getting back in?

My budgeted long term investment cash from almost every single one of my household's 2020 paychecks has been building up because I don't want to ruin TLH opportunities. This means a ton of cash sits in my settlement fund until I do an exchange. I've TLH'd 3 times already in 2020 in both int'l and US...
by NYCPete
Mon Mar 23, 2020 9:46 am
Forum: Personal Investments
Topic: I can TLH VTSAX to VOO to VV without a wash sale, correct?
Replies: 9
Views: 404

Re: I can TLH VTSAX to VOO to VV without a wash sale, correct?

Yes, you're fine. Watch out for the 60 day rule on the TSM/500/VV dividends. Thanks. What is the 60 day rule on the dividends? If you set it up originally to reinvest dividends, that will count as a buy. This includes buying 30 days before the sale , not just 30 days after harvesting the loss. This...
by NYCPete
Mon Mar 23, 2020 9:41 am
Forum: Personal Investments
Topic: TLH potential issue with Vanguard SpecID?
Replies: 15
Views: 501

Re: TLH potential issue with Vanguard SpecID?

Hello, I'm trying to TLH Vanguard Total Stock Market Fund. when I started the process last week I noticed that I wasn't using SpecID so I changed that last Thursday, today I went in to check and the SpecID is there, however, when I look at the "Estimated gain/lost per share" all lots show exactly t...
by NYCPete
Thu Mar 19, 2020 3:35 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18562

Re: Munis getting slaughtered!

"Slaugthered?" Is that word really appropriate here? At yesterday's close, Vanguard Intermediate Term Tax Exempt was down less than 3% this year. The global stock market is down almost 30% this year. If you need this money soon, shouldn't it be in cash? Best, Peter MUB is down 14% from 4 weeks ago....
by NYCPete
Thu Mar 19, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18562

Re: Munis getting slaughtered!

"Slaugthered?" Is that word really appropriate here? At yesterday's close, Vanguard Intermediate Term Tax Exempt was down less than 3% this year. The global stock market is down almost 30% this year.

If you need this money soon, shouldn't it be in cash?

Best,
Peter
by NYCPete
Fri Mar 13, 2020 10:49 am
Forum: Personal Investments
Topic: TLH past a certain level of losses
Replies: 8
Views: 495

Re: TLH past a certain level of losses

Is there a point where you guys are not bothering with TLH anymore? I now have about $40K in accumulated losses that I have TLH'd, I don't ever sell any positions that I have a cap gain on since I am a long term investor, so I will be just using this to defer my regular income at $3K/yr. (very valu...
by NYCPete
Mon Mar 09, 2020 1:44 pm
Forum: Personal Investments
Topic: Good day to buy?!
Replies: 31
Views: 3610

Re: Good day to buy?!

I was starting my taxable account soon, so I'm looking to purchase for the first time outside of my retirement accounts. Initially, I thought I would go all-in for VTSAX, but with the market being down, I was thinking about getting into large cap growth/tech companies with lots of cash on hand that...
by NYCPete
Thu Feb 27, 2020 1:03 am
Forum: Personal Investments
Topic: Sell Bonds. Buy Total Market?
Replies: 45
Views: 4287

Re: Sell Bonds. Buy Total Market?

What does your IPS say you should do?
by NYCPete
Mon Feb 10, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I switch my 100k Savings to Wealthfront from Ally for an extra 0.20% APY
Replies: 16
Views: 2297

Re: Should I switch my 100k Savings to Wealthfront from Ally for an extra 0.20% APY

Disclaimer: I am a total finance noob and the only reason I have money in savings account is the possibility of buying a property near term (1-2 years). So, I have been using CapitalOne 360 Savings and Ally for a couple of years now and moved my money rom CaptialOne to Ally since they had an extra ...
by NYCPete
Thu Feb 06, 2020 3:07 pm
Forum: Investing - Theory, News & General
Topic: How much will Target date vs 3 fund make a difference in the long run?
Replies: 119
Views: 7682

Re: How much will Target date vs 3 fund make a difference in the long run?

Yes I can save beyond tax deferred Then you’ve got more issues than target date fund versus individual funds. You generally don’t want to hold bonds in your taxable account, which means you shouldn’t use a target date fund in your taxable account. You’ll want to make sure your asset allocation work...
by NYCPete
Thu Feb 06, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: How much will Target date vs 3 fund make a difference in the long run?
Replies: 119
Views: 7682

Re: How much will Target date vs 3 fund make a difference in the long run?

Im maxing out 401k and Roth. Does that make a difference for which allocation to pick? Sorry, you said this earlier. I read too fast and missed that part. The answer for me “not really.” I’d still apply the same rule about 2x income. If you said you could save even more than maxing out your 401k an...
by NYCPete
Thu Feb 06, 2020 2:13 pm
Forum: Investing - Theory, News & General
Topic: How much will Target date vs 3 fund make a difference in the long run?
Replies: 119
Views: 7682

Re: How much will Target date vs 3 fund make a difference in the long run?

I'm a new investor and generally curious. Everyone says to not do target-date fund because at my age (22) I don't need bonds. Is a 90/10 allocation really gonna have major differences compared to a custom 3 fund portfolio with no bonds (I guess it's really a 2 fund portfolio) in the long run? It an...
by NYCPete
Thu Feb 06, 2020 12:28 pm
Forum: Investing - Theory, News & General
Topic: How much will Target date vs 3 fund make a difference in the long run?
Replies: 119
Views: 7682

Re: How much will Target date vs 3 fund make a difference in the long run?

I'm a new investor and generally curious. Everyone says to not do target-date fund because at my age (22) I don't need bonds. Is a 90/10 allocation really gonna have major differences compared to a custom 3 fund portfolio with no bonds (I guess it's really a 2 fund portfolio) in the long run? It an...
by NYCPete
Thu Feb 06, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: How much will Target date vs 3 fund make a difference in the long run?
Replies: 119
Views: 7682

Re: How much will Target date vs 3 fund make a difference in the long run?

I'm a new investor and generally curious. Everyone says to not do target-date fund because at my age (22) I don't need bonds. Is a 90/10 allocation really gonna have major differences compared to a custom 3 fund portfolio with no bonds (I guess it's really a 2 fund portfolio) in the long run? It an...
by NYCPete
Fri Jan 31, 2020 11:09 am
Forum: Personal Investments
Topic: Auto-invest mutual fund w/ fee or manual ETF?
Replies: 19
Views: 934

Re: Auto-invest mutual fund w/ fee or manual ETF?

You might get additional or better insights if you list all the menu options your plan offers that don't require a transaction fee. It would definitely be helpful to get the full picture of available funds in your plan. I apologize for not being specific enough. Your suspicions are correct: there i...
by NYCPete
Thu Jan 30, 2020 2:44 pm
Forum: Personal Investments
Topic: Auto-invest mutual fund w/ fee or manual ETF?
Replies: 19
Views: 934

Re: Auto-invest mutual fund w/ fee or manual ETF?

Do they not have any no transaction fee mutual fund options? I know TIAA has some of their own index funds, which depending on your plan may be low cost, and are perfect acceptable to implement a 3 fund portfolio. Ironically, the index funds they have (e.g., TIAA-CREF S&P 500 Index Fund (Institutio...
by NYCPete
Mon Dec 16, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Instacart Costco vs. costco.com (instacart) prices
Replies: 16
Views: 1889

Re: Instacart Costco vs. costco.com (instacart) prices

I tend to view those numbers somewhat differently. Most importantly because with Instacart you don't need a Costco membership. For a resident of NYC who doesn't have a car, Instacart was a game changer for how I shop at Costco. Since I'd normally need a taxi to get stuff back to my apartment, I ulti...
by NYCPete
Sun Nov 17, 2019 10:56 am
Forum: Personal Investments
Topic: Obamacare limits investing opportunities?
Replies: 36
Views: 3816

Re: Obamacare limits investing opportunities?

I would like to do Roth IRA conversions and take advantage of the room we have in our tax bracket but am discouraged by the effect this added income would have on our health insurance subsidies. At least in regards to the Roth IRA conversion, this is not a tough decision, and there's no unknowable ...
by NYCPete
Mon Sep 30, 2019 2:01 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 138
Views: 16325

Re: Currently invested in 100% stock

why? is an allocation of 10-20% bonds supposed to somehow "save" you? i dont get it. Um, yes... If you get laid off (more likely in a market crash), 10%-20% absolutely could indeed "save you" from cashing out stocks when they are down to pay for food. And don't discount the emotional benefit... Hav...
by NYCPete
Fri Sep 27, 2019 4:25 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 138
Views: 16325

Re: Currently invested in 100% stock

all these 100% stock threads must be a sign the market has peaked Anyone endorsing the asset allocation of 100% stocks ought to state their age and how much they had invested at the start of the last market collapse in 2008. why? is an allocation of 10-20% bonds supposed to somehow "save" you? i do...
by NYCPete
Fri Sep 27, 2019 2:24 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Approaching Age 40s
Replies: 22
Views: 3143

Re: Asset Allocation Approaching Age 40s

I'd second others' suggestions that you reformat your question and ask a moderator to put it in the Personal Investments section. You're getting other people's feedback in a vacuum. In other threads you've posted, you've explained why you have such a large cash reserve. You've also indicated your in...
by NYCPete
Fri Sep 27, 2019 9:11 am
Forum: Personal Investments
Topic: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK
Replies: 27
Views: 3739

Re: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK

What abound bond funds? Some of the muni bond funds I was researching looked really good. And as a California resident, I believe I would be exempt from both federal AND state taxes if I purchase a CA muni bond fund, correct? For example, I was looking at these 2 CA bond funds (load-waived via Fide...
by NYCPete
Mon Sep 23, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2421

Re: Credit Card Points - Best options?

If most of your spending is on travel and client meals, the Chase Sapphire Reserve is a better deal than most, as it gets triple points for travel and restaurants. +1 for Chase Sapphire Reserve (CSR). If your travel includes flying, CSR gives you free Priority Pass Plus membership. Check https://ww...
by NYCPete
Mon Sep 23, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2421

Re: Credit Card Points - Best options?

To further define my needs: - Business $5K in flights booked to date using Southwest/Delta $10K in hotels booked to date using IHG $1.5K in transportation booked to date using Uber - Personal $1K/mo in food (grocery/eating out) $650/mo in bills $1K/mo in misc At the moment it sounds as though AMEX ...
by NYCPete
Sun Sep 22, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2421

Re: Credit Card Points - Best options?

Depends on what kind of rewards you want from your spending. If you want just cash back, for simplicity get the most straightforward highest cash back card like the Citi Double Cash. If you like to travel, getting a premium travel card will get you a better return on your rewards points. If most of...
by NYCPete
Sun Sep 22, 2019 9:20 am
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 138
Views: 16325

Re: Currently invested in 100% stock

Your stock/bond allocation should be determined by your need and willingness to take risk, not your age. Age is a part of the need and willingness equation, it's not all of it. You were 24 when the last stock market downturn happened. Were you invested at all? Do you have any first hand experience i...
by NYCPete
Sun Sep 22, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2421

Re: Credit Card Points - Best options?

Depends on what kind of rewards you want from your spending. If you want just cash back, for simplicity get the most straightforward highest cash back card like the Citi Double Cash. If you like to travel, getting a premium travel card will get you a better return on your rewards points. If most of ...
by NYCPete
Wed Jul 10, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: De-Risking and Diversification aren't the same thing.
Replies: 106
Views: 10226

Re: De-Risking and Diversification aren't the same thing.

A) Is this way of looking at things actionable for me, or is it trying to over complicate things for benefits I'm not likely to notice on a year in year out basis? I wouldn't say this discussion, if taken to the actionable conclusion, should make the portfolio any more complicated. It's merely one ...
by NYCPete
Wed Jul 10, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: De-Risking and Diversification aren't the same thing.
Replies: 106
Views: 10226

Re: De-Risking and Diversification aren't the same thing.

Wow, this is a really interesting post. First one on BHs in years that has me considering reevaluating my IPS and seeing if I need to change things. A few things my brain is working through as I unpack this... A) Is this way of looking at things actionable for me, or is it trying to over complicate ...
by NYCPete
Fri Jun 28, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: NYC Apartment to sue or not to sue
Replies: 44
Views: 5615

Re: NYC Apartment to sue or not to sue

SUBLETTING a Rent Control APT in NYC is strictly a violation of the lease... Good luck shaking down an NYC landlord with fruit from a rotten tree. This is why we can't have nice things anymore. If I was the landlord I would fight you tooth and nail, when you finally get to court in 3-4 years. If yo...