Search found 226 matches

by Brian2d
Sun Nov 03, 2019 10:41 pm
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3050

Re: Article on Dividends (J Clements)

I'm not claiming announcements of dividends and buybacks have exactly the same impact on market value as they could be interpreted differently for signaling purposes and different shareholders may have certain desires for dividend payments. However, you claimed that buybacks are a scam and that they...
by Brian2d
Sun Nov 03, 2019 8:04 pm
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3050

Re: Article on Dividends (J Clements)

Imagine a company that redeems it's entire equity balance. It has 10 outstanding shares worth $100 each for total equity worth $1,000. Buyback approach: The company buys back the 10 shares at $100 a piece. Now there are 0 outstanding shares and no equity. I know this was a theoretical/hypothetical ...
by Brian2d
Sun Nov 03, 2019 7:06 pm
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3050

Re: Article on Dividends (J Clements)

Companies return value to the shareholder by 3 ways: dividends, buybacks, or reinvest capital to expand, improve productivity or acquisitions. All methods can be good or bad depending on how the management deploys its cash. Buying back company shares with unwarranted leverage or above intrinsic val...
by Brian2d
Sun Nov 03, 2019 6:56 pm
Forum: Investing - Theory, News & General
Topic: Article on Dividends (J Clements)
Replies: 29
Views: 3050

Re: Article on Dividends (J Clements)

Buybacks are a scam and in no way comparable to dividends. Tell that to Warren Buffet. Absent taxes and the impact of the decision on buyback vs dividend itself, buybacks have the same impact as dividends on the company's value regardless of the stocks valuation relative to intrinsic value. Assumin...
by Brian2d
Fri Nov 01, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: Series I Savings Bond 0.20% Fixed Rate Announced 11/1/2019
Replies: 6
Views: 1902

Re: Series I Savings Bond 0.20% Fixed Rate Announced 11/1/2019

Glad I bought the rest of my allocation in October.
by Brian2d
Sun Jun 16, 2019 8:04 pm
Forum: Investing - Theory, News & General
Topic: Tax Rate at which to use municipal money market vs Prime or Federal
Replies: 5
Views: 547

Re: Tax Rate at which to use municipal money market vs Prime or Federal

Thanks Grt2bOutdoors. I've done that calculation and gotten different answers at different times...maybe I should just assume its close to a wash in that case?
by Brian2d
Sun Jun 16, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: Tax Rate at which to use municipal money market vs Prime or Federal
Replies: 5
Views: 547

Re: Tax Rate at which to use municipal money market vs Prime or Federal

Let's say for this example that the state tax rate is 5%. Also, let's assume for the moment that $50K is not available to put into this fund.
by Brian2d
Sun Jun 16, 2019 7:49 pm
Forum: Investing - Theory, News & General
Topic: Tax Rate at which to use municipal money market vs Prime or Federal
Replies: 5
Views: 547

Tax Rate at which to use municipal money market vs Prime or Federal

Hi, I know municipal SEC yields for municipal money market move around a lot seasonally and a specific point in time SEC yield may not be relevant for a longer term investment yield. At what marginal tax rate would municipal generally be worth it (including NIIT)? I presume it would need to be at le...
by Brian2d
Sun May 26, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs Savings
Replies: 47
Views: 4638

Re: Debt vs Savings

I would pay off 11% credit card debt even at the expense of an emergency fund. Worst case scenario is you need to use the credit card again, at least you won't be paying 11% in the interim.
by Brian2d
Sun May 19, 2019 2:52 pm
Forum: Personal Consumer Issues
Topic: Recent Stays in Riviera Maya Area of Mexico
Replies: 11
Views: 1676

Re: Recent Stays in Riviera Maya Area of Mexico

Was there in April when sargassum had just arrived. Looked bad in Playa del Carmen, but not at all in Cozumel, as most of the beaches face West there. Alternatively, the cenotes are great and not to be missed, and I understand Isla Mujeres Playa Norte is not a bad option as well.
by Brian2d
Fri Apr 05, 2019 7:05 pm
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 9501

Re: The "dividend preference anomaly"

I know there are a lot of high dividend index funds, but are there any low dividend index funds to tilt away from dividend payers? I'd consider using one to tilt my portfolio if it existed. I guess proof of dividend funds is that high dividend index funds are far more prevalent than their counterpart.
by Brian2d
Thu Jan 31, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?
Replies: 62
Views: 4670

Re: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?

Ran into this same problem after using TaxAct for the past 8 years. Decided to switch to TaxHawk (same as FreeTaxUSA). No problems (so far), better interface, and cheaper as well. Thank you TaxAct for screwing up and saving me some money in the process.
by Brian2d
Thu Jan 31, 2019 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax filing software
Replies: 61
Views: 5208

Re: Tax filing software

TaxHawk (same as FreeTaxUSA) handled backdoor Roth no problem. TaxAct (which I have used for the last 7 years but will almost certainly stop using this year) keeps crashing for over a week whenver I try to enter my non-deductable Traditional IRA. So yes, it can handle it. Don't know about mega backd...
by Brian2d
Fri Dec 28, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Buying dips not recommended?
Replies: 52
Views: 4298

Re: Buying dips not recommended?

My strategy is very simple. If I'm above my target allocation in equities, new money goes to fixed. If I'm below my target allocation to equities, new money goes to equity. I can also move money from equity to fixed or vice versa to get closer to my target (doing this in a way that avoids capital ga...
by Brian2d
Wed Dec 05, 2018 11:29 pm
Forum: Personal Investments
Topic: Am I calculating the marginal tax rate correctly here?
Replies: 5
Views: 907

Re: Am I calculating the marginal tax rate correctly here?

Thanks Grabiner. For the additional point, that's a good clarification I hadn't thought about, that if non-investment income is under 200K, any additional dollar increases the amount subject to NIIT. My goal here is to figure out taxable vs tax-exempt bonds, so I think for that purpose either way th...
by Brian2d
Wed Dec 05, 2018 9:13 pm
Forum: Personal Investments
Topic: Am I calculating the marginal tax rate correctly here?
Replies: 5
Views: 907

Am I calculating the marginal tax rate correctly here?

Just want to make sure I'm understanding calculating marginal tax rate correctly: Assume the following: AGI: $216,000 Taxable Income $204,000 Long Term Capital Gains + Qualified Dividends: $14,000 Taxable Income Less LTCG + Qual Divs: $190,000 Am I correct that the the correct marginal tax rate in t...
by Brian2d
Wed Oct 17, 2018 11:25 pm
Forum: Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 31
Views: 3919

Sapphire Banking and Chase You Invest Bonus

Different but related question so will post here rather than start a new thread:

If I understand correctly I can meet the $75,000 minimum for the bonus and to waive fees on the sapphire checking account by transferring ETFs in kind from another brokerage. Can someone confirm that this is correct?
by Brian2d
Fri Sep 14, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 6079

Re: [Wearing] Shorts in Egypt

The zip-off pants I use for hiking would be perfect here. Instant shorts whenever you want them.
by Brian2d
Wed Jul 25, 2018 1:56 pm
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7597

Re: Daughter wants to travel on her own to Montreal

In many other countries (Europe comes to mind) such a trip would be quite common and would not raise any concerns at all. I say she should go for it - great experience and gaining the kind of independence that will serve her well at college.
by Brian2d
Tue Jun 26, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Travel hacking for frequent international flights: Chase Sapphire preferred or any other card?
Replies: 21
Views: 3479

Re: Travel hacking for frequent international flights: Chase Sapphire preferred or any other card?

It is my view (and I've done the Math), that if you don't spend enough on dining/travel to make the Sapphire Reserve worth it over the Preferred, you're better off with a 2% cash back no annual fee card (Citi Double Cash, Fidelity card, etc). I spend enough to make the Sapphire Reserve well worth it...
by Brian2d
Sun Jun 10, 2018 11:23 pm
Forum: Personal Consumer Issues
Topic: Boulder to Denver one day trip
Replies: 3
Views: 574

Re: Boulder to Denver one day trip

Agree after 6 PM traffic will be better than before but it's a short enough drive that I wouldn't worry and I would make the trip whenever I felt like it.
by Brian2d
Tue Apr 24, 2018 12:54 am
Forum: Personal Investments
Topic: 401k lawsuit settlement - Can I rollover to avoid penalty for early distribution
Replies: 2
Views: 641

401k lawsuit settlement - Can I rollover to avoid penalty for early distribution

Hi all, I am a participant in a plan which recently settled a lawsuit, and received a check along with a 1099-R with distribution code 1. I wanted to know if I can avoid the early distribution and penalty by rolling this amount either back into the 401k or into an IRA. Does anyone have any experienc...
by Brian2d
Mon May 01, 2017 10:27 am
Forum: Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 12338

Re: I bonds May 2017

Bought 5K last month and decided would revisit in October (once we know November-May variable rate) what to do with the other amount. For now not investing in I-bonds.
by Brian2d
Mon Apr 17, 2017 2:56 pm
Forum: Personal Investments
Topic: I-bond rate as of May 1st
Replies: 10
Views: 1829

Re: I-bond rate as of May 1st

Correcting my previous post to avoid confusion, I think I see my mistake.
by Brian2d
Mon Apr 17, 2017 2:44 pm
Forum: Personal Investments
Topic: I-bond rate as of May 1st
Replies: 10
Views: 1829

I-bond rate as of May 1st

If I'm calculating correctly the rate for the next six months will be (Corrected) 1.96%. Trying to decide if I should buy now or wait until May 1st in hopes of an increase in the fixed rate. Any thoughts? I understand the 10K limit is per calendar year, correct?
by Brian2d
Sun Feb 26, 2017 11:27 pm
Forum: Investing - Theory, News & General
Topic: Why has Vanguard increased International Stock and International Bond in Balanced Funds and Portfolio Recommendations?
Replies: 33
Views: 6887

Re: Why has Vanguard increased International Stock and International Bond in Balanced Funds and Portfolio Recommendation

I When you diversify internationally you introduce 1) Currency risk 2) Political risk 3) Accounting standards risk I certainly agree with currency risk as a risk introduced by international investing. However, I don't believe that the US is magically exempt from political or accounting standards ri...
by Brian2d
Wed Feb 15, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: Visiting Downtown Denver in late March without car.
Replies: 19
Views: 2071

Re: Visiting Downtown Denver in late March without car.

A day trip to Boulder is not a bad idea either, and there are frequent buses leaving from Union Station.
by Brian2d
Mon Feb 06, 2017 11:22 pm
Forum: Personal Investments
Topic: 1099G but I owed last year
Replies: 3
Views: 621

1099G but I owed last year

I received a 1099G in the amount of $34 dollars for a state income tax refund, but I owed money to the state that year. Anyone have any idea what it could be? Also, am I correct to presume that the $34 here (which is not large enough to care about) would not prohibit me from claiming the amount I ow...
by Brian2d
Thu Jan 05, 2017 4:19 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve: Too good to be (completely) true
Replies: 186
Views: 41646

Re: Chase Sapphire Reserve: Too good to be (completely) true

I just signed up for this to beat the deadline and when I got my approval, I saw a list of a number of the cards benefits but no mention of the bonus. Is this typical, or does this mean I did something wrong in the application process?

Thanks.
by Brian2d
Thu Jul 21, 2016 12:42 pm
Forum: Investing - Theory, News & General
Topic: Remind me once again why I can't time the market?
Replies: 75
Views: 11058

Re: Remind me once again why I can't time the market?

My approach is this....if I am over my target allocation in equity any time and I have extra cash, it goes in fixed. If I am under my target allocation in equity at any time, it goes in equity. This means I tend to get in equity more on the dips but I'm staying at my target allocation regardless.
by Brian2d
Sat Jul 02, 2016 9:10 am
Forum: Personal Consumer Issues
Topic: Which city should I move to?
Replies: 40
Views: 7106

Re: Which city should I move to?

Live in Denver and love it. Cost of living has increased but still likely lower than Seattle, though we don't have a 0% income tax. Not sure there's any city in the country I'd want to move to right now (But I absolutely love the outdoors and take full advantage of it).
by Brian2d
Fri Jun 03, 2016 8:29 am
Forum: Personal Consumer Issues
Topic: Move to Denver (Job) or stay in NoVA ?
Replies: 53
Views: 6827

Re: Move to Denver (Job) or stay in NoVA ?

I moved from the East Coast to Denver last year and absolutely love it. If you enjoy the outdoors, as I do, it's an awesome place to live. My sense is you probably can find a very good school district somewhere (if not exactly the same caliber school your son currently is in) and he'll do fine, but ...
by Brian2d
Wed Jun 01, 2016 11:05 pm
Forum: Personal Consumer Issues
Topic: 3-Day Weekend: Monday vs. Friday?
Replies: 47
Views: 7387

Re: 3-Day Weekend: Monday vs. Friday?

If the question is when to take a vacation day, I've often preferred to take Monday if I am traveing somewhere as Sat-Mon flights can be a lot cheaper than Fri-Sun (this obviously doesn't apply to 3-day holiday weekends where Monday is the day off).
by Brian2d
Wed May 11, 2016 11:10 am
Forum: Personal Consumer Issues
Topic: When is cash better than plastic?
Replies: 74
Views: 10140

Re: When is cash better than plastic?

I often like to pay for relatively small purchases at small businesses (food trucks, etc.) even when they take credit cards because I don't want them to have to pay the merchant fees.
by Brian2d
Fri Apr 29, 2016 9:59 pm
Forum: Investing - Theory, News & General
Topic: VTEB: Better than online savings accounts? [Vanguard Tax-Exempt Bond ETF]
Replies: 26
Views: 8847

Re: VTEB: Better than online savings accounts?

Average duration of 5.5 years means it's not a replacement if a money market fund or short term savings vehicle is what you're looking for. Whether it beats using an equivalent taxable bond fund depends on your tax situation. Make the decision for the duration of your bond fund first in my opinion, ...
by Brian2d
Thu Apr 07, 2016 9:53 pm
Forum: Investing - Theory, News & General
Topic: Specific identification of shares and Vanguard
Replies: 11
Views: 2106

Re: Specific identification of shares and Vanguard

So just to clarify, if I have both non-covered and covered shares of a specific holding, I can switch to specific ID, keep the average info that Vanguard used for the single lot for non-covered shares and report the average number for those shares, while taking advantage of the benefits of specific ...
by Brian2d
Tue Apr 05, 2016 11:19 pm
Forum: Personal Investments
Topic: Helping mom with inherited account from a full service brokerage
Replies: 1
Views: 443

Helping mom with inherited account from a full service brokerage

Hi all, My mom recently inherited an account that's held at a full service brokerage account. Her "advisor" is recommending an actively traded portfolio of individual stocks (and I think some individual bonds as well but I'm not certain) with a focus on dividend paying stocks. For this the advisor i...
by Brian2d
Sun Mar 13, 2016 8:53 pm
Forum: Personal Consumer Issues
Topic: public transp.from Denver Airport to Pepsi Cntr
Replies: 4
Views: 681

Re: public transp.from Denver Airport to Pepsi Cntr

AF bus goes to Union Station then light rail (a free transfer) one stop will get you to the Pepsi Center. After April 22nd there will be a train to replace the AF bus.
by Brian2d
Sat Mar 05, 2016 4:41 pm
Forum: Personal Investments
Topic: Incorrect cost basis after ETF conversion
Replies: 4
Views: 524

Re: Incorrect cost basis after ETF conversion

They were definitely not dividend reinvestments....i do not reinvest dividends on these funds.
by Brian2d
Sat Mar 05, 2016 10:05 am
Forum: Personal Investments
Topic: Incorrect cost basis after ETF conversion
Replies: 4
Views: 524

Incorrect cost basis after ETF conversion

I converted some of my Vanguard mutual funds to ETFs. The conversion went through overnight. The cost basis data is way off after the conversion. Additionally, I see some shares listed on dates where I am certain I did not buy the funds. I do know the correct total numbers and was using average cost...
by Brian2d
Tue Feb 16, 2016 11:31 pm
Forum: Personal Investments
Topic: Maxing Out- Traditional or Roth 401K
Replies: 79
Views: 6881

Re: Maxing Out- Traditional or Roth 401K

Thanks all for the advice. Under my current approach of $12K trad, 6K roth, plus 5500 to Roth IRA, I'm nearly 50%-50%. Based on what I'm hearing, if I maxed Traditional, I'd be at 18K/23.5K or just over 75% traditional, and perhaps that's a better place to be.
by Brian2d
Tue Feb 16, 2016 10:43 pm
Forum: Personal Investments
Topic: Maxing Out- Traditional or Roth 401K
Replies: 79
Views: 6881

Maxing Out- Traditional or Roth 401K

I'm already maxing out my 401K and debating how to split between Traditional and Roth 401K. I'm currently at 2/3 Traditional and 1/3 Roth though have the chance now to either substantially increase my Roth allocation or invest some additional amounts in a taxable account instead. Currently in the 28...
by Brian2d
Fri Jan 15, 2016 10:43 pm
Forum: Personal Investments
Topic: Vanguard Index Funds (Admiral) vs ETFs (Advantages and disadvantages)
Replies: 24
Views: 7906

Re: Vanguard Index Funds (Admiral) vs ETFs (Advantages and disadvantages)

Guess the Wiki pretty much covered it. Great job to whoever wrote it, rendering my post unnecessary.
by Brian2d
Fri Jan 15, 2016 10:28 pm
Forum: Personal Investments
Topic: Vanguard Index Funds (Admiral) vs ETFs (Advantages and disadvantages)
Replies: 24
Views: 7906

Vanguard Index Funds (Admiral) vs ETFs (Advantages and disadvantages)

Let me know if I'm missing anything: Thinking about whether or not I may want to consider converting to ETFs, primarily for the portability benefit listed below. If I understand correctly, I can convert to ETFs and then move to another brokerage if I would like without either step being a taxable ev...
by Brian2d
Thu Jan 14, 2016 8:42 pm
Forum: Personal Investments
Topic: Question on Backdoor Roth and inherited IRA
Replies: 1
Views: 410

Question on Backdoor Roth and inherited IRA

Hi,

I have a question about a situation that doesn't apply to now but may apply in the future.

Does the pro-rata rule include inherited traditional IRAs. In other words, if I had an inherited traditional IRA would that limit my ability to do a backdoor Roth.

Brian
by Brian2d
Sat Jan 09, 2016 11:14 pm
Forum: Personal Investments
Topic: Advising my son on 401K enrollment, advise wanted.
Replies: 25
Views: 2483

Re: Advising my son on 401K enrollment, advise wanted.

I do wonder if some of this advice is making things a bit more complicated than it needs to be (if son were on here and engaging more actively I'd agree with most of the advice given). The son has chosen to invest in the 401k more than the match amount and for now this decision probably makes sense ...