Search found 816 matches

by ps56k
Fri Dec 07, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Building ownership + Sched E
Replies: 0
Views: 107

Building ownership + Sched E

My wife and her siblings inheirited a commercial building from their parents. The commercial building has tenants that pay monthly rent. Over the years, the building has required a lot of maint and repair. Currently, it has a 2018 set of number.... - Income = $98,000 - Expense = $43,000 Total Balanc...
by ps56k
Thu Nov 29, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: 2nd marriages - any debt or credit implications
Replies: 4
Views: 612

Re: 2nd marriages - any debt or credit implications

Not a lawyer. In most cases and in most states, I believe..... I guess I'm thinking of the pending wedding, and what financial baggage he might be dragging into the relationship. So, not looking into the future - just near term - after the I DO - how might his financial debt become my friends debt ...
by ps56k
Thu Nov 29, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard lowering Admiral level to $3,000?
Replies: 224
Views: 17142

Vanguard - new Admiral $3,000 index funds

[Thread merged into here, see below. --admin LadyGeek] just received this notice - so... it's $3,000 Admiral - or nothing ? - if the Investor Shares go away - BTW - all of my Vanguard holdings are Admiral... https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-the...
by ps56k
Thu Nov 29, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2nd marriages - any debt or credit implications
Replies: 4
Views: 612

2nd marriages - any debt or credit implications

Just wondering on this topic - A friend is getting re-married, and was just wondering about all the debt implications from getting married (in general). She is good - has a nice house, a firm mortage - handles her money ok - does not have any credit card issues or other outstanding debt. Now - her s...
by ps56k
Mon Nov 26, 2018 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Quicken vs Fidelity IRA - cost basis wrong
Replies: 7
Views: 558

Quicken vs Fidelity IRA - cost basis wrong

I've been thinking about a Roth Conversation from our existing Fidelity Traditional IRA. I went to look at the implied taxes based upon the Cost Basis - and stumbled into a problem... I use Quicken for everything - and never noticed any issues - as I check the market value + share balances against t...
by ps56k
Sun Nov 18, 2018 11:59 pm
Forum: Investing - Theory, News & General
Topic: DFA Dimensional Fund Advisors - compared
Replies: 11
Views: 1077

Re: DFA Dimensional Fund Advisors - compared

Comparison to Schwab's Fundamental Indexes Feb 2008-Oct 2018 (since inception) CAGR: DFA 5.81% SCHWAB 6.49% Thanks for the numbers and the link to the Portfolio Analyzer - pretty nice tool - https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1985&firstMonth=1&endYear=...
by ps56k
Sun Nov 18, 2018 11:44 pm
Forum: Investing - Theory, News & General
Topic: DFA Dimensional Fund Advisors - compared
Replies: 11
Views: 1077

Re: DFA Dimensional Fund Advisors - compared

DFA also has Core funds and tax managed value funds that VG does not have. This is significant for the taxable investor. I think it’s fair to say that historically DFA funds have proven worthy of their higher expense ratios. Of course overwhelmingly, how a DFA fund will compare to its corresponding...
by ps56k
Sun Nov 18, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: DFA Dimensional Fund Advisors - compared
Replies: 11
Views: 1077

DFA Dimensional Fund Advisors - compared

I recently ran across this article about DFA - Dimensional Fund Advisors - https://www.ifa.com/articles/dimensional_fund_advisors_deeper_look_performance/ Some friends from work - the partners - have invested with these folks. I didn't fully grasp some of the very specific details, but did find two ...
by ps56k
Sat Nov 10, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index Fund Admiral Shares Question
Replies: 25
Views: 2945

Re: Vanguard Index Fund Admiral Shares Question

Are you just curious - or thinking about what to actually do with some large sum - or just any amount you may have ..... The problem with your Q&A - is that going totally into 100% stocks (either fund) will potentially cause you some grief along the way..... Asset Allocation - If you are asking and ...
by ps56k
Sat Nov 10, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - for the first time
Replies: 8
Views: 1161

Re: Portfolio Checkup - for the first time

I would agree with some basic comments.... You can't go back and add to retirement plans after the year (April) has passed... So - take advantage of them each and every year - forced savings - Increase the emergency cash fund. Any debt is just that - debt that can and should be paid off - but not to...
by ps56k
Wed Oct 24, 2018 11:31 pm
Forum: Investing - Theory, News & General
Topic: In what order should I read these books?
Replies: 42
Views: 7022

Re: In what order should I read these books?

If I was to get one of the classic YACHTS books - which one should I grab ?

Image - Image
by ps56k
Wed Oct 24, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 48
Views: 4811

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

After today's Dow DROP of 600 - I may not have to address any future Asset Class rebalancing -
by ps56k
Wed Oct 24, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 48
Views: 4811

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

For taxable, I go with VWIUX (TTM is 2.9%) and the highest CDs I can find. On CDs, I usually read KevinM's contributions before I buy. I think that I can beat treasuries with CDs. I had a CD ladder going at ALLY ... but was concerned about the unwinding of QE - and the interest rate increases. So.....
by ps56k
Wed Oct 24, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 48
Views: 4811

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

How do you gauge your fixed assets or cash assets and their returns compared to say..... the 10-year with the 10-year showing .... about 3 % Ignoring the SEC yield listing - and looking at actual monthly returns... Do you stay with these widespread types of holdings, or migrate to purely the US Trea...
by ps56k
Sat Oct 20, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 48
Views: 4811

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

Bonds are for safety. Be very careful about looking only at "yield." This is because "higher yield" nearly always means "higher risk." More money has been lost by investors seeking "higher yield" than has been lost at the point of a gun. -- Raymond DeVoe Yes - I only really have those 2 bond funds ...
by ps56k
Sat Oct 20, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]
Replies: 48
Views: 4811

Re: Buying VWIUX Today [Vanguard Intermediate-Term Tax-Exempt Muni Bond]

Vanguard Intermediate-Term Tax-Exempt Bond Fund is an excellent fund in a taxable account for investors in a high tax-bracket. I have both VWIUX (tax exempt) and the usual VBTLX (tot bond) in my taxable account for some equity ballast. With rates up, it looks more like a wash between the tax exempt...
by ps56k
Sun Sep 30, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: Best Vanguard ETF Diversifiers, Ranked
Replies: 46
Views: 4828

Re: Best Vanguard ETF Diversifiers, Ranked

... Interestingly, this approach simultaneously highlights two approaches to international diversification. One, a broad market cap weighted ex-US index like VXUS does NOT add much to a portfolio that already includes a broad market cap weighted US index fund like Vanguard Total Stock Market ETF (V...
by ps56k
Fri Sep 28, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Overly diversified - consolidate ?
Replies: 7
Views: 767

Re: Overly diversified - consolidate ?

OK... have maxed out our IRA world - so can't exactly just ADD stuff to our tax-advantaged IRA, and same for our 403b - so... Windsor was probably my first fund - years ago - then added some others. Over time things grew, and now am getting concerned about asset protection - So added Wellesley with ...
by ps56k
Fri Sep 28, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Overly diversified - consolidate ?
Replies: 7
Views: 767

Overly diversified - consolidate ?

Over the many years, I now have several Vanguard funds... maybe too many... I'm trying to consolidate, but it becomes a logic circle - and things just remain the same. We both took very early retirement... and I have been moving more to a conservative asset allocation - moving more to the bonds side...
by ps56k
Tue Sep 11, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market vs CD vs Bond fund vs .... Cash
Replies: 11
Views: 2717

Re: Money Market vs CD vs Bond fund vs .... Cash

I think my game plan for the cash is.... Chase - will let it wind down a bit, but still keep about $50k Schwab - will move a large portion (from ongoing stock divs & stocks sold) over to my Vanguard bond accounts... Ally - coin toss - thinking about getting back to a CD ladder every qtr - 1yr @ 2.5%...
by ps56k
Sun Sep 09, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market vs CD vs Bond fund vs .... Cash
Replies: 11
Views: 2717

Money Market vs CD vs Bond fund vs .... Cash

I find myself with several cash accounts at - Chase, Schwab, Vanguard, Ally, with some questions about consolidating, migration, and balancing... I currently have these cash accounts - Chase checking - .08% - $100k - main account used for paying bills, etc - about 2 yrs worth of spending - just in c...
by ps56k
Thu Aug 30, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Roth IRA vs 403(b) Plan
Replies: 7
Views: 796

Grad Student vs Roth IRA contribution/funding

Just thinking about this old thread - and I may have posted a similar question elsewhere.... Grad student vs IRA full contribution - how ??? Our son is a Grad Student - and gets a stipend of around $30k .... which he lives on out in Pasadena, California - To fully fund his Vanguard Roth IRA, he woul...
by ps56k
Wed Aug 29, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review request
Replies: 10
Views: 962

Re: Portfolio review request

I also was just looking at the Muni bond question - Just playing with some current - August 2018 - numbers. The 2018 tax brackets are.... 10% - $19k 12% - $77k 22% - $165k 24% - $315k 32% - $400k 35% - $600k 37% - xxx And am comparing in this example ... Vanguard Muni Index (Adm) ---------- VTEAX - ...
by ps56k
Fri Aug 24, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard - Inter. or Total Muni [VTEAX - Tax-Exempt Bond Index]
Replies: 18
Views: 3287

Re: Vanguard - Inter. or Total Muni [VTEAX - Tax-Exempt Bond Index]

Just playing with some current - August 2018 - numbers. The 2018 tax brackets are.... 10% - $19k 12% - $77k 22% - $165k 24% - $315k 32% - $400k 35% - $600k 37% - xxx And am comparing in this example ... Vanguard Muni Index (Adm) ---------- VTEAX - with ER = .09% and SEC of 2.49% Vanguard Intermediat...
by ps56k
Thu Aug 23, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - Inter. or Total Muni [VTEAX - Tax-Exempt Bond Index]
Replies: 18
Views: 3287

Re: Vanguard - Inter. or Total Muni [VTEAX - Tax-Exempt Bond Index]

Just stumbled across this thread - as I was re-evaluating current Muni holdings... Holding the - https://investor.vanguard.com/mutual-funds/profile/overview/vwiux Intermediate Muni but saw the comments about the other - https://investor.vanguard.com/mutual-funds/profile/VTEAX index version (with the...
by ps56k
Mon Aug 13, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: Turkey/Turkish Stocks down 32% - approaching 2008 levels
Replies: 106
Views: 12245

Re: Turkey/Turkish Stocks down 32% - approaching 2008 levels

Just a quick look at both the EM total stock, and the EM total bond - Turkey -

VWO - stock - 0.9% - https://investor.vanguard.com/etf/profile/portfolio/vwo
VWOB - bond - 4.3% - https://investor.vanguard.com/etf/profi ... folio/VWOB
by ps56k
Sat Aug 11, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Rate hikes vs - Muni, Corp, Total Bond funds
Replies: 18
Views: 2711

Re: Rate hikes vs - Muni, Corp, Total Bond funds

tnx for the chart and data... It will be interesting, for those comparing bond yields in their portfolios, to see how the creeping long terms compare to the somewhat flat muni yields. For those in the muni world, guessing in the higher tax brackets, at what point does the tax advantage muni fade com...
by ps56k
Tue Aug 07, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Schwab - EARLY CRZ DIST 4L (Interest)
Replies: 2
Views: 1079

Re: Schwab - EARLY CRZ DIST 4L (Interest)

In case anyone else happen to overlook their Schwab notice - --- That transaction is an early dividend payment for the Cash Reserves MMF which has had a bulk sweep to Bank Interest. You should have received prior notice of this action in writing around July 9, 2018. If you have additional questions ...
by ps56k
Mon Aug 06, 2018 11:12 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab - EARLY CRZ DIST 4L (Interest)
Replies: 2
Views: 1079

Schwab - EARLY CRZ DIST 4L (Interest)

Just had this pop up in both of our Schwab Brokerage cash accounts

EARLY CRZ DIST 4L - CRZ Adjustment (Interest)

Have never seen anything like this and can't tell what it is about.
Will call in the morning -
by ps56k
Mon Jul 02, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Schwab requires ONE TIME 2-factor auth of web devices
Replies: 8
Views: 718

Re: Schwab requires ONE TIME 2-factor auth of web devices

You can do this with Vanguard as well. My concern has been - for any of these companies - Is this 2-factor auth required for ANY access, or only for a ONE-TIME auth token or cookie ? I would hate to have 2-factor enabled for each and every website access. They don't really articulate the requiremen...
by ps56k
Mon Jul 02, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Schwab requires ONE TIME 2-factor auth of web devices
Replies: 8
Views: 718

Schwab requires ONE TIME 2-factor auth of web devices

I use Schwab for my stock portfolio... They have been posting a message at website login about upcoming 2-factor authentication being required. I was thinking it was for EVERY time you logged into the system webpage.... well, nope - it's just once. Schwab today (Monday July 2, 2018) is REQUIRING a 2...
by ps56k
Sat Jun 16, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: Rate hikes vs - Muni, Corp, Total Bond funds
Replies: 18
Views: 2711

Re: Rate hikes vs - Muni, Corp, Total Bond funds

I was curious about the comparisons, for my simple understanding of how and which "bonds" might be influenced by rates... Muni - issued by municipalities, and fixed for their period - rates set by issuing municipality - competing for investors when rates change LT Corp Investment - issued by compani...
by ps56k
Thu Jun 14, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Rate hikes vs - Muni, Corp, Total Bond funds
Replies: 18
Views: 2711

Re: Rate hikes vs - Muni, Corp, Total Bond funds

Bob wrote:
Thu Jun 14, 2018 9:05 am
Graph of the data.
Thanks for taking the time and effort to collect, tabulate, and chart...
by ps56k
Thu Jun 14, 2018 1:00 am
Forum: Investing - Theory, News & General
Topic: Rate hikes vs - Muni, Corp, Total Bond funds
Replies: 18
Views: 2711

Rate hikes vs - Muni, Corp, Total Bond funds

With the recent rate hike, and more anticipated,
how does that affect the Vanguard bond funds - such as the Intermediate Muni, LT Investment Grade, or Total US Bond

I can see how some of these types might be directly impacted by rising rates - but what about the Vanguard Intermediate Muni fund
by ps56k
Thu Jun 07, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 9603

Re: Indexing will fail investors in next decade

Sorry folks - the article and link was passed along to me from a friend that is usually pretty much a mentor.... but maybe not so much in this specific case.... BTW - on the "water" front - years ago, I looked at a couple of the ETFs that had holdings in the water world of production, transport, etc...
by ps56k
Wed May 09, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??
Replies: 27
Views: 1963

Re: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??

WOW - what a thread - I can see how the OP grew frustrated and just decided the forum was not worth it. Interesting story, and I'm sure there are lots of folks in the exact same situation. Topics mentioned - with no easy way out - as they are part of the balancing act. CC - guessing grabbed any intr...
by ps56k
Thu May 03, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 95
Views: 11225

Re: Yield Curves-Treasury, CD, AA/AAA muni

just a little something on the new tax rates - guess we are going be filing - Married and 24% - https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fkellyphillipserb%2Ffiles%2F2018%2F03%2FSingle-CONF-2.jpg and https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-i...
by ps56k
Fri Apr 27, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 95
Views: 11225

Re: Yield Curves-Treasury, CD, AA/AAA muni

Interesting following along..... learning.... scrolling up/down -
Wonder how this very specific targeting would compare against the backdrop of the usual Vanguard Total Bond Index fund ?
by ps56k
Sat Apr 21, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: A basic, elementary question on why it makes sense to invest more in stocks than bonds despite dividend rates
Replies: 20
Views: 2710

Re: A basic, elementary question on why it makes sense to invest more in stocks than bonds despite dividend rates

When people here talk about dividend yield, it is usually in terms of tax inefficiency, i.e. the higher the yield the less efficient in a taxable account. In a taxable account, you have to pay taxes every year on the dividends at your current marginal income tax rate . If you have an efficient stoc...
by ps56k
Fri Apr 20, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 14524

Re: Divs and Cap Gains are killing me

The way I remember it being explained is... STCG (from internal fund operations: buying/sell) are just reported on 1099DIV for convenience (along with FTC, TE DIV, AMT issues,...). --Ordinary dividends + QDI are reported on 1099DIV box 1a. --QDI are reported on 1099DIV box 1b. (Subtract from box 1a...
by ps56k
Fri Apr 20, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 14524

Re: Divs and Cap Gains are killing me

BTW - one last interesting point, as I've gone over the TRowe history for these mutual funds, and then compared it to my 1099 .... It appears that the ST Cap Gain is listed on the TRP history for the mutual fund, but then is later reported on the 1099 as..... DIV...... WHY do the internal Short Term...
by ps56k
Sun Apr 15, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 14524

Re: Divs and Cap Gains are killing me

It would be nice if the OP would distinguish between Capital Gains Distributions (CGDs) from certain mutual funds and Capital Gains, either ST or LT from selling securities of any type... I think I had that with my Schwab stock portfolio - used for buy/sell stocks - accounting for about $50k of the...
by ps56k
Sat Apr 14, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 14524

Re: Divs and Cap Gains are killing me

rec7 wrote:
Sat Apr 14, 2018 8:22 pm
I would quit that 9k job. I had the same problem but not as bad.
I sold before the end of march that way I only had CG for the year. It might take you a few years of doing that.
The $9k was from substitute teacher work - filling in at old school when the school district calls...
by ps56k
Fri Apr 13, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Interest rate risk of VG intermediate munis vs muni index
Replies: 5
Views: 1053

Re: Interest rate risk of VG intermediate munis vs muni index

was just pointed at VWITX from another thread - will have to come back and read thru various comments on the Vanguard Muni funds
by ps56k
Fri Apr 13, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 14524

Re: Divs and Cap Gains are killing me

Thanks all - Guess I will, over the next coming years, since the Trailing Returns seem to match the S&P anyway, migrate some of my higher CG generating mutual funds into my Vanguard index stock funds... And to diversify and protect my portfolio from market downturns and crashes, will also look at so...
by ps56k
Fri Apr 13, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 14524

Re: Divs and Cap Gains are killing me

Besides identifying higher turnover funds that distribute capital gains, you also need to review all of your holdings and determine the capital gains exposure strictly from selling your shares. Compare your cost basis in each fund with the current value. I just looked up my Cost Basis vs Mkt Value ...
by ps56k
Fri Apr 13, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 14524

Re: Divs and Cap Gains are killing me

It is really hard to give thoughtful answers without the whole picture. Why don't you start a new thread using this format? https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 ^ Agree with the above. We need more information. Depending on your tax situation, a municipal bond fund (or funds) m...
by ps56k
Wed Mar 14, 2018 2:08 pm
Forum: Investing - Theory, News & General
Topic: Schwab CORRECTED 1099 DIV for - 2016 AND 2017
Replies: 8
Views: 887

Re: Schwab CORRECTED 1099 DIV for - 2016 AND 2017

edited orig posting -
it was for the 1099-DIV portion

sorry - just scrolled down to the Year End summary - have about 40 stocks -
it was, for me, Qualcomm - QCOM -
by ps56k
Wed Mar 14, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: Schwab CORRECTED 1099 DIV for - 2016 AND 2017
Replies: 8
Views: 887

Schwab CORRECTED 1099 DIV for - 2016 AND 2017

Just finished filing my 2017 taxes a few weeks ago.... March 2018 - and then received a Schwab CORRECTED 1099 DIV... just set it aside... Will have to wait for the 2017 return to clear and settle before filing an Amended 2017 return... BUT - then received an email from Schwab about our CORRECTED 109...