Search found 959 matches

by bberris
Wed May 23, 2018 6:11 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 30
Views: 2018

Re: US T bills - first time user

Here's a quote from Treasury: "At the close of an auction, Treasury awards all noncompetitive bids that comply with the auction rules and then accepts competitive bids in ascending order of their rate, yield, or discount margin (lowest to highest) until the quantity of awarded bids reaches the offer...
by bberris
Tue May 22, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 30
Views: 2018

Re: US T bills - first time user

I thought that all buyers (competitive and non) pay the same price at treasury auctions; the lowest price that clears the offer. I pay TDAmeritrade the same price for new issue tbills as reported on the treasury website to 4 decimals. Maybe they rake a penny here and there, like they did on "Office ...
by bberris
Tue May 22, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 30
Views: 2018

Re: US T bills - first time user

Buy new issues if you can to avoid the spread. Some brokers charge some customers a fee, so check first. Or you can use treasury direct.
by bberris
Mon May 21, 2018 8:23 pm
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 2878

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

And I guess get used to these stupid stereo types. I live in an area with over 7 million people, can't remember the last time I saw a cowboy hat or gun rack. x2 (though the Austin area is quite a bit smaller than 7 million). I've never seen a gun rack in ANY vehicle here, and I'm on the outskirts o...
by bberris
Mon May 21, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: HSA account using later
Replies: 6
Views: 531

Re: HSA account using later

I’m fortunate to not need the HSA to cover annual expenses now, so I max out and invest in VTI. Probably a lot of BHs do he same, although it seems a lot of people I know in RL do not. It’s best investment account available; tax free in and tax free out. I like how you can withdrawal at any point i...
by bberris
Sun May 20, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 2878

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

... Look out for the guns. The murder rate in Texas is lower than almost all the southern states, about half the rate in Louisiana, lower than Alaska, Maryland, Illinois, Ohio, New Mexico, and Virgina. You don't need a passport to go to Texas if you are a US citizen. But if you are traveling US 90 ...
by bberris
Sun May 20, 2018 6:42 am
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 2878

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

FlyAF wrote:
Fri May 18, 2018 11:19 am
And I guess get used to these stupid stereo types. I live in an area with over 7 million people, can't remember the last time I saw a cowboy hat or gun rack.
Pointy boots and spurs. Forgot those.
by bberris
Sat May 19, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 76
Views: 9436

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

Buffet wants everyone to drive up Apple's stock price for obvious reasons. He is a little less slimy than Icahn. I'm a Buffett skeptic, but that's really unfair. There's more about Saint Warren. I won't discuss it here but you can look up Haiti, the Clinton Foundation, and his Clayton Homes. He was...
by bberris
Fri May 18, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10428

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

Excellent troll, OP. I don't think so. He seems earnest. There are lots of threads where people believe that they can achieve the unlikely or the impossible if only they find the right advisor or newsletter, or mutual fund, and that is on Bogleheads! You know, the ones who have a strategy: buy low,...
by bberris
Fri May 18, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: New 2018 Nissan Leaf (with 150 mi range)
Replies: 52
Views: 4728

Re: New 2018 Nissan Leaf (with 150 mi range)

harrychan wrote:
Thu May 17, 2018 10:34 pm
I looked deep into the Leaf's depreciation and it depreciates 50% by year 2 and 55% by year 3. Go figure...
I figure it's due to having no subsidy as a used car.
by bberris
Wed May 16, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 1555

Re: Better to be in debt to yourself or others?

The 401k loan is not a loan, it is a withdrawal, followed by increased contributions. So you are essentially withdrawing from your 401k to pay off debt; you are deleveraging. That's fine if that is your intention, but always keep in mind what is really going on, not just the words being used.
by bberris
Wed May 16, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 42
Views: 4681

Re: Best options for cash in Schwab brokerage accounts?

4-week, or 13 week tbills are my choice (at TDA, but I assume you get them at auction for free at Schwab too).
TDA recently disclosed $1 markup for buys and same markdown for sells per 1,000 bond. No transaction cost if you hold to maturity.
by bberris
Sat May 12, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: [Bloomberg to Launch Cryptocurrency Index]
Replies: 8
Views: 807

Re: The Cryptocurrency IYndex ETF is here

..... They are ETNs not ETFs, so I guess they are a promise to pay the investor rather than a genuine asset ownership. All investments and bank accounts are a promise to pay. Even cash money is just a promise to pay. I guess the exception is a physical commodity, but you still need a buyer somewhere.
by bberris
Fri May 11, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2057

Re: Picking up New Subaru-Worth buying extended warranty?

The selling of extended warranties requires excellent timing and skill. First you have to sell the customer on the reliability of the new car. Then you have to convince the mark that the car is not that reliable. That is why EW are sold in the finance room.
by bberris
Fri May 11, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: When to exercise options at public company?
Replies: 6
Views: 563

Re: When to exercise options at public company?

In case this isn't clear, the value of the options grant is always taxed as ordinary income, no matter the holding period. It is only the increase of the grant value that would be taxed at long term CG rates if you hold long enough. Knowing that, there is no reason to exercise before expiration. If ...
by bberris
Thu May 10, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains now, avoid ACA cliff later?
Replies: 22
Views: 2594

Re: Pay capital gains now, avoid ACA cliff later?

Another possibility is borrowing to meet your living expenses until medicare kicks in or ACA is otherwise over. There's at least one thread on asset-based lending. Except for Interactive Brokers, most of the discounters have very high margin rates. I have a margin loan I took out years ago, before ...
by bberris
Thu May 10, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Pay capital gains now, avoid ACA cliff later?
Replies: 22
Views: 2594

Re: Pay capital gains now, avoid ACA cliff later?

New information. I found out I can get Cobra insurance from my employer for 18 months. I'd like to retire in June,2020, then Cobra will cover me for the rest of that year and the next year. I could realize my big gains in that time period and not worry about ACA cliff. Does that sound like a good p...
by bberris
Tue May 08, 2018 7:35 am
Forum: Personal Consumer Issues
Topic: Can COBRA coverage be extended indefinitely?
Replies: 13
Views: 1268

Re: Can COBRA coverage be extended indefinitely?

COBRA is a federal law, that requires large companies to extend health insurance for 18 mo after separation under certain terms (mainly that you pay all the cost). What you are talking about, after COBRA expires, is a voluntary benefit a company could decide to offer, or could decline to offer or co...
by bberris
Mon May 07, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: When to buy new underwear?
Replies: 86
Views: 5934

Re: When to buy new underwear?

Wear your spouses underwear until you hit 70, then claim your own. I believe this is allowed under current law.
by bberris
Sun May 06, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Offer Up/equivalents for Real Estate sales
Replies: 5
Views: 482

Re: Offer Up/equivalents for Real Estate sales

You are probably better off negotiating a private sale. Those "We buy ugly houses" guys just turn around and do that.
What does your contract with the property manager say about sales and showings? If he doesn't comply, fire him.
by bberris
Sun May 06, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax not allowed to consider Qualified Dividends?
Replies: 15
Views: 1040

Re: Estimated Tax not allowed to consider Qualified Dividends?

The worksheet was made for the era of Bartleby the scrivener, green eyeshades and sleeve straps. Use a real tax estimator like this one:

https://sites.google.com/site/excel1040 ... ew-tax-law
by bberris
Sat May 05, 2018 1:16 pm
Forum: Investing - Theory, News & General
Topic: How do brokerages make $s on cheap index funds?
Replies: 57
Views: 4985

Re: How do brokerages make $s on cheap index funds?

If we want an estimate of the costs associated with operating a large index fund, all we need do is look at Vanguards published ERs. Since V operates at cost, those are the costs. For any other company offering comparable ERs, there cannot be much if any profit to be made. If there were, V would ha...
by bberris
Fri May 04, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Market timing required
Replies: 1
Views: 423

Re: Market timing required

It makes no sense to exercise unless it is in the money at expiration date. And there is no reason to exercise until just before expiration. You don't want to expose your own money to the risk of the stock. Unless I am misunderstanding the situation, you would only pay ordinary income tax on the inc...
by bberris
Fri May 04, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Bank loan
Replies: 6
Views: 498

Re: Bank loan

The point is to make it more difficult for you to compare loans. Presumable they quote an official APR, which will be higher than 5.1
by bberris
Fri May 04, 2018 7:42 am
Forum: Investing - Theory, News & General
Topic: How often ETF’s split?
Replies: 7
Views: 796

Re: How often ETF’s split?

I don't see why they would split. You can buy a single share for free. I can see why they reverse split.
by bberris
Thu May 03, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Another Social Security for Widow Question
Replies: 1
Views: 202

Re: Another Social Security for Widow Question

I think you should consult one of the calculators. At first glance, it looks like you should claim your own benefit now, and switch to survivor's at FRA. Your own benefit increases past FRA to 70, but survivor's only increases until you reach FRA. If you waited, even until you were 70, to claim your...
by bberris
Wed May 02, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance - inquiry
Replies: 7
Views: 826

Re: term life insurance - inquiry

Buy a new policy if you need it, but don't cancel the old one. Level term is a bargain in the latter half of its term. Think about it this way: your risk of dying increases each year, but the insurance is charging you the same price. I've looked at several policies, including mine, that have positiv...
by bberris
Wed May 02, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Nontraditional Cruising
Replies: 21
Views: 2308

Re: Nontraditional Cruising

Get another couple and charter a boat from Greece. The price will be comparable to a cruise if you hire a skipper and cook.
by bberris
Wed May 02, 2018 7:37 am
Forum: Investing - Theory, News & General
Topic: Buying MM fund right before distribution day!
Replies: 13
Views: 1387

Re: Buying MM fund right before distribution day!

I'm trying to decide if OP is joking, or if the responders are kidding, or all of the above.
by bberris
Mon Apr 30, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2436

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

What would be the benefit to a company for imposing such limits? If the benefit of 401k participation is overly tilted to highly compensate employees they could be forced to take back contributions. This is by IRS regulation. So your company has decided to limit the size of contributions to avoid t...
by bberris
Sun Apr 29, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: How To Handle Auto Accident Insurance Company Letter
Replies: 16
Views: 2147

Re: How To Handle Auto Accident Insurance Company Letter

Talk to your own insurance if you want to, but they do not represent you as an injured person. You need your own lawyer for that.
If you are sued, your own insurance will represent you to an extent, but their goal is to minimize their loss, not yours.
by bberris
Sun Apr 29, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Can Employer Set 401k Contribution Limit Below IRS Limit?
Replies: 33
Views: 2436

Re: Can Employer Set 401k Contribution Limit Below IRS Limit?

What would be the benefit to a company for imposing such limits? If the benefit of 401k participation is overly tilted to highly compensate employees they could be forced to take back contributions. This is by IRS regulation. So your company has decided to limit the size of contributions to avoid t...
by bberris
Sat Apr 28, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed and waay out of my league
Replies: 41
Views: 5238

Re: Newly widowed and waay out of my league

I am 62 and am receiving a small amount of money from Social Security. Are you collecting your own social security benefit or your late husband's benefit as a widow? if you are collecting your own benefit now, you can collect as a widow later. If you file at your full retirement age for a widow (sh...
by bberris
Thu Apr 26, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Pension and Social Security
Replies: 11
Views: 1640

Re: Pension and Social Security

Thanks RK. That's what i thought too. Now the big question is whether to take a Lump Sum payment or monthly payment for life. That one is easy. Just get a quote for how much you would have to pay for an SPIA that pays what the pension does. Unless you know something about your longevity ... Anyway,...
by bberris
Thu Apr 26, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 67
Views: 8998

Re: Unprecedented Event

JoeRetire wrote:
Wed Apr 25, 2018 7:19 am
pkcrafter wrote:
Tue Apr 24, 2018 8:45 pm
Do you believe the U.S. stock market could experience an unprecedented event?
Yes.

A zombie apocalypse could happen too. But they all seem unlikely.
I'm not concerned. The government has a plan to deal with zombies. Seriously.
by bberris
Wed Apr 25, 2018 7:02 am
Forum: Investing - Theory, News & General
Topic: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.
Replies: 23
Views: 1587

Re: Help poke holes? Roger Ibbotson recommends a Fixed Index Annuity as a partial bond alternative.

And lastly, you can do the same thing as the insurance co offering FIA at much lower cost. The publicly-traded insurance companies disclose exactly how they achieve these results (no loss of principal, some chance at appreciation) and it is relatively simple. 1. Buy bonds. 2. Use some or all of the ...
by bberris
Tue Apr 24, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Broker markup on t-bills: one data point at TDA
Replies: 2
Views: 323

Broker markup on t-bills: one data point at TDA

There's been some discussion here about dealer markup on govt securities, especially the lack of disclosure. Since brokers generally don't charge a fee on secondary issues, we know there must be some markup. I sort of accidentally bought the same issue two ways: in the secondary market pre-issue, an...
by bberris
Mon Apr 23, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Life Settlement - Term insurance
Replies: 12
Views: 770

Re: Life Settlement - Term insurance

djpeteski wrote:
Mon Apr 23, 2018 12:27 pm
If this is term insurance, you can cancel it but not recoup any of the costs.
Not necessarily. Long-term level premium term insurance could have some small value in the last few years.
by bberris
Sun Apr 22, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Buying T-bills ..help needed
Replies: 17
Views: 1957

Re: Buying T-bills ..help needed

Can someone address the 2 questions under #3: how to sell t-bill before maturity? I have always held to maturity, but in the current rising yield environment, it may be wise to sell and replace with better yield new issues. But how to calculate the tradeoffs? TD ameritrade buys bonds and tbills. Bu...
by bberris
Sun Apr 22, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club Investing
Replies: 26
Views: 2342

Re: Lending Club Investing

The real problem with the model of PTP is that it requires increasing investments in order to work. The main reason for borrowing at LC is to pay off other loans. LC is probably the second to last resort for these borrowers. In order to refinance the loans plus interest, more lenders need to be acqu...
by bberris
Sat Apr 21, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3040

Re: Want to be 100% in stock index funds ,

You don't need anyone's permission to do that. (Well, ask your spouse if any.) The fact that you are asking means you have doubts. If you have doubts, I doubt you have the discipline to avoid selling in a crash. Look at the volatility this year and see if you have the stomach for that; it could get ...
by bberris
Sat Apr 21, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Lending Club Investing
Replies: 26
Views: 2342

Re: Lending Club Investing

So does a default loan just get refunded back to you as original loan amount? You are the lender. If someone defaults, any remaining principal and interest is written off. LC started off as a good idea, then went full "we would make more money if we allowed really big financial institutions an oppo...
by bberris
Sat Apr 21, 2018 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Buying T-bills ..help needed
Replies: 17
Views: 1957

Re: Buying T-bills ..help needed

Looking at recent t-bill results at TDameritrade, it looks like buying new issues is better than secondary. Some of the best secondary offers require buying huge amounts (for me). If you have Private Client Service at TDA, new issue is free; otherwise it is a prohibitive $25. The downside of buying ...
by bberris
Fri Apr 20, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Applying for ACA ? [Colorado]
Replies: 17
Views: 1535

Re: Applying for ACA ?

I think the previous poster was withdrawing unsheltered (taxable account) funds to live on. ACA does not care how much you spend, only how much MAGI. I'll re-emphasize the importance of the cliff. I watch it like an owl. If you can't live on your income below ACA, just borrow the rest. You can pay i...
by bberris
Thu Apr 19, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Need for Medicare supplemental plan?
Replies: 155
Views: 8755

Re: Need for Medicare supplemental plan?

I'm curious about the Doc asking for a supplemental plan and refusing service if you don't have one. Isn't that just because the copays are hard to collect from the self insured? I have an individual plan (not medicare) with a 13,000 deductible. No one asks me to pay until I get the bill, even when ...
by bberris
Tue Apr 17, 2018 8:44 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11653

Re: We crush stock indexes, Yale claims

Let me just grab this nit here: the number of investors outperforming and underperforming need not be (and certainly is not) the same. It is the amount of dollars above and below the average that must be the same.
by bberris
Tue Apr 17, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11653

Re: We crush stock indexes, Yale claims

It is simply a math equation. The total outperformance of some equals the underperformance of the rest, minus costs. The net performance of all investors must equal the average performance minus fees. All this proves is that Yale got lucky. So as Dirty Harry says, "You've got to ask yourself one que...
by bberris
Sat Apr 14, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 2746

Re: What hedge strategies do you employ?

I understand what you mean by hedging, but that is not the classical meaning of the word. I'm surprised no one mentioned it so far, that the riskiest stock for you is the one you work for. Since many people get stock awards, or options, or RSUs, it is unavoidable to an extent. And there are politica...
by bberris
Fri Apr 13, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: Ditched bond fund for money market. Thoughts?
Replies: 40
Views: 3991

Re: Ditched bond fund for money market. Thoughts?

You are set for underperformance with that move. At least do something like a 5 year cd ladder. I can post multiple sites that talk about bond fund performance in a rising rate environment, but will settle on just this one: From vanguard https://personal.vanguard.com/pdf/s807.pdf We recognize that ...
by bberris
Thu Apr 12, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Suggest “TDA available” short term bond fund
Replies: 5
Views: 361

Re: Suggest “TDA available” short term bond fund

As an alternative, you might consider brokered CDs and secondary treasuries.