Search found 74 matches

by hoxbox
Wed Aug 06, 2008 3:59 pm
Forum: Personal Investments
Topic: WellsTrade PMA / Brokerage accounts?
Replies: 72
Views: 18521

I would also be interested in knowing what type of transactions count towards activity. The closest branch is 800 miles away so if they require physical presence at a branch I am out of luck...
by hoxbox
Tue Jun 24, 2008 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: 10,000,000 Millionaires
Replies: 34
Views: 8668

4% of a million bucks is 25 grand a year in retirement...before taxes. Yikes. Maybe 3 million is the new million. Huh? I wasn't a math major, but when I went to school, 4% of a million bucks was $40,000 per year. But then again, I didn't go to med school, so maybe I'm not up to date on the new math...
by hoxbox
Thu Jun 12, 2008 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What are you doing to counter gas prices?
Replies: 72
Views: 13451

I do nothing...
Being in NYC = mass transit for everything.
I will even get rid of mass transit once I move in a month and live within 5 minutes walking from work! Off course the housing prices kind of offsets that slight advantage..
by hoxbox
Mon May 26, 2008 10:00 pm
Forum: Investing - Theory, News & General
Topic: 2010 - IRA conversion to Roth: How far would you go?
Replies: 36
Views: 7760

If one plans on doing this 2010 Roth conversion, it kinda forces you to either leave your 401k money at your last job or roll it over to the new employers 401k, as opposed to the 401k to IRA roll over, otherwise the funds would be taxed. Any thoughts? I am precisely in that boat. In 2010 I will be ...
by hoxbox
Fri Mar 14, 2008 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest purchase ever?
Replies: 43
Views: 9242

Worse: Brand new Canon 40D SLR camera + lens/accessories for ~$3000 total. I'll be using it twice a year tops when if I go on vacations. With my amature skills a $500 camera would of sufficed... Best: My current computer which, despite a few minor upgrades here and there, is still the same one I bui...
by hoxbox
Thu Mar 13, 2008 11:07 pm
Forum: Personal Investments
Topic: Good on-line brokerage OTHER than Vanguard?
Replies: 30
Views: 6895

psteinx - I would consider adding another criteria to your list, Specific Share/lot ID for security sales. This will allow you to easily manage tax loss harvesting security sales on the financial platform provided by the company, rather than offline tracking of lots and tax cost basis. Agreed. If y...
by hoxbox
Sun Mar 09, 2008 10:21 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe - Saint Louis Post-Dispatch 3/9/2008
Replies: 52
Views: 14136

Larry goes on with the rest of the article: 1991 through 2007, the S&P 500 index returned 11.41 percent a year and had a standard deviation of 17.0 95 percent S&P 500 index/5 percent GSCI portfolio would have provided a slightly higher return (11.42 percent versus 11.41 percent) with a lower standar...
by hoxbox
Sat Mar 08, 2008 10:58 am
Forum: Personal Investments
Topic: Thank you Livesoft for opening up my eyes!
Replies: 2
Views: 5740

I have some 0% money too: to make it simple: IF you have large enough taxable (say 3-4x the amount of 0% money) and you just got $10,000 from 0% credit card: Taxable: buy $10,000 Stocks Tax deferred: sell 10,000 stocks and buy 10,000 Short term bond or whatever "safe" vehicle of your choice. 1 year ...
by hoxbox
Fri Mar 07, 2008 5:40 pm
Forum: Personal Investments
Topic: Investing in your IRA/Roth
Replies: 18
Views: 4358

Another one for lump sum. If you believe do not believe in market timing it's the way to go.
by hoxbox
Sat Mar 01, 2008 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your taxes and how much do you pay?
Replies: 73
Views: 19773

Re: Zero

Dogfather wrote:I use Turbo Tax from the state farm insurance website and it is free
Ditto, already got my refund back.
by hoxbox
Sat Mar 01, 2008 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting; Getting VG to upgrade to specific ID
Replies: 35
Views: 7842

Even when I'm retired, I hope to continue buying with regularity, with the proceeds of loss harvesting. That means the need to distinguish long and short term gains won't go away. Correct me if I'm wrong, as I understand it if you are selling at a LOSS does not matter when you bought it. If you are...
by hoxbox
Sat Mar 01, 2008 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Checking Account at Large Banks.
Replies: 6
Views: 2066

I agree with Citi bank they have online ACH. Chase, on the other hand, does not. Just curious what are OP's objections against online bank? If you have Fidelity already you can use them as a bank and get free ATMs at any ATM with buy a money market fund (earning 3.5% right now) as a checking account...
by hoxbox
Sat Mar 01, 2008 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting; Getting VG to upgrade to specific ID
Replies: 35
Views: 7842

Even when I'm retired, I hope to continue buying with regularity, with the proceeds of loss harvesting. That means the need to distinguish long and short term gains won't go away. Correct me if I'm wrong, as I understand it if you are selling at a LOSS does not matter when you bought it. If you are...
by hoxbox
Sat Mar 01, 2008 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting; Getting VG to upgrade to specific ID
Replies: 35
Views: 7842

I am tempted to look at WellsTrade, Fidelity and others to see if they would better support TLH/Specific Share ID. I've looks into this so far the best deals I've found are: WellsTrade: 200 free trades if you have $25k (then $5.95 each trade after). Can use HIFO automatically online. Fidelity: Very...
by hoxbox
Fri Feb 29, 2008 10:40 am
Forum: Personal Investments
Topic: TIPs in regular (after tax) account
Replies: 10
Views: 2709

Re: To Taylor

mpt follower wrote:...I question whether it would not have been better to place all the TIPs in the IRA account and all the intermediate term bonds in the regular account.....
That would work for low tax brackets however at higher brackets I guess it would be all TIPS in IRA/401k and Munis in taxable?
by hoxbox
Thu Feb 28, 2008 11:23 pm
Forum: Personal Investments
Topic: Help Choose Taxable Account Sources
Replies: 8
Views: 1644

Wow that's going through a lot just for emergency fund. I would just keep it simple and put your emergency fund of $13k with vanguard MMF in taxable account and not sweat over the 4% (yield of Vanguard Prime MMF) x your tax bracket (let's say 33%) x $13k = $171 / year. I agree with poster above Zecc...
by hoxbox
Thu Feb 28, 2008 10:11 pm
Forum: Personal Investments
Topic: Discount brokerages
Replies: 12
Views: 3539

The thing about Wellstrade is that you might wanna put more than the $25k minimum -- if the market drops 20%, you could be looking at $25 per month service fee until your balance goes back up to $25k. For some casual low-cost discount ETF investing I've heard good reviews about TradeKing -- $4.95 t...
by hoxbox
Thu Feb 28, 2008 6:54 pm
Forum: Personal Investments
Topic: TIPs in regular (after tax) account
Replies: 10
Views: 2709

Say for someone in 33% tax bracket. If you had to invest in bonds in taxable account. Which would be the most after tax yield? Individual TIPS vs. TIPS mutual funds vs. regular bonds vs. municipal bonds? What about for other tax brackets?
by hoxbox
Thu Feb 28, 2008 6:32 pm
Forum: Investing - Theory, News & General
Topic: Why are you Fixed Income Market Timers?
Replies: 42
Views: 11364

There seems to be disagreement on whether to use a shifting allocation or shifting maturity method (advocated by Swedroe) or just use 50% regular bond / 50% TIPS. In a tax advantaged account the average investor only has access TIPS via mutual funds. The mutual funds are freely tradable and the prem...
by hoxbox
Thu Feb 28, 2008 6:29 pm
Forum: Personal Investments
Topic: Not so great experience buying TIPS online at Fido
Replies: 16
Views: 3524

Does the Fidelity TIPS trading allow buying TIPS at federal auction with IRA money or is it only secondary markets?
by hoxbox
Thu Feb 28, 2008 2:11 pm
Forum: Personal Investments
Topic: Diehards Ruined my Credit!
Replies: 54
Views: 12827

One of the side effects of me doing 0% balance transfer into credit cards and putting that amount into a savings account is (when my balances are paid off) my credit score hits 750+! I never carry a balance for any other reason. Feels good to screw the credit card companies. They paid me $2000 last ...
by hoxbox
Mon Feb 25, 2008 7:37 pm
Forum: Investing - Theory, News & General
Topic: Where to put your savings? Moving from EmigrantDirect.
Replies: 8
Views: 3221

Checking writing/bill pay with fidelity brokerage (FSLXX)

Savings under $100k with Countrywide bank (4.5%). It's FDIC insured. Turn their financial troubles into your gain!
by hoxbox
Mon Feb 18, 2008 9:27 am
Forum: Personal Investments
Topic: checking account interest - where? how?
Replies: 33
Views: 9233

My strategy has been to use my local bank checking account for ATM withdrawls and for the occasional bill I have to pay by check. All other idle funds get swept to my Fidelity money market account that I use to electronically pay bills and to fund investments. I can easily transfer money between th...
by hoxbox
Mon Feb 18, 2008 12:51 am
Forum: Personal Investments
Topic: Wells Fargo HIFO Accounting = Easier Tax Loss Harvest?
Replies: 14
Views: 3585

I don't think it's that smart. You may have to mail them to sell specific cost basis if you are withdrawing and your highest cost basis is within 1 year. https://www.wellsfargo.com/online_brokerage/education/taxes/hifo/index.jhtml "How can HIFO defer realized capital gains? Here's an example of how ...
by hoxbox
Sat Feb 16, 2008 12:08 am
Forum: Personal Investments
Topic: In this time of uncertainty, why equities at all?
Replies: 48
Views: 11755

Like what others said stick do whatever AA you decided on and dollar cost average into them as planned and ignore the market. For me I'm doing lump summing contributions to my 403(b) (100% payroll deduction) until it's maxed, just like I planned it out 1 year ago thanks to some 0% credit card money!...
by hoxbox
Fri Feb 15, 2008 10:40 am
Forum: Personal Investments
Topic: Help Me Help Military Friend with Investing (TSP)
Replies: 22
Views: 5405

So what are 457 contributions? Are they considered employer contributions? Because I know quite a few government employees with 403bs and 457s who max out both of them each year. As I understand it 457 do count separate form 401k/403b. From the Wikipedia entry: The Economic Growth and Tax Relief Re...
by hoxbox
Wed Feb 13, 2008 12:08 am
Forum: Personal Investments
Topic: Help Me Help Military Friend with Investing (TSP)
Replies: 22
Views: 5405

Alas, I was hoping TSPs behaved like 457s in that their limits count separate from the limits on 401k/403b however looks like $15,500 is the combined limit of 401k/403b/TSP. I'm maxing out my 403b but I also have $300/month coming from Navy Reserve...
by hoxbox
Tue Feb 12, 2008 7:40 pm
Forum: Personal Investments
Topic: Wells Fargo HIFO Accounting = Easier Tax Loss Harvest?
Replies: 14
Views: 3585

Wells Fargo HIFO Accounting = Easier Tax Loss Harvest?

Currently to tax loss harvest with Vanguard you have to keep track of the basis of all your trades and email Vanguard at the sell time to do specific share identification of the shares you want to sell ( details in this thread ). Fidelity offers online specific share identification but you cannot bu...
by hoxbox
Sat Feb 09, 2008 5:38 pm
Forum: Personal Investments
Topic: How most of the Boglehead files their taxes
Replies: 57
Views: 18024

Turbo Tax, which is free if you have anything with State Farm.
by hoxbox
Tue Jan 01, 2008 7:05 pm
Forum: Personal Investments
Topic: Fidelity mySmart Cash
Replies: 64
Views: 18618

I have also been a mySmart Cash user. My set up: Checking/Bill pay/etc in Fidelity Brokerage account with New York State MM Fund (FNYXX) as core. I buy FSLXX when I carry a big balance. I only use ATM from my $0 balance mySmart account which automatically overdrafts brokerage account. My reasoning w...
by hoxbox
Tue Dec 18, 2007 2:11 pm
Forum: Personal Investments
Topic: Physican's Guide to Investing
Replies: 9
Views: 3052

Reading the excerpt from Amazon: 10% return is "reasonable anticipated long-term return investments" however: 15% return is a "return attainable with work and common sense" Then there are the chapters Chap 26 "When to sell" Chap 27 "When to buy" Sounding a little like market timing! Maybe 15% return...
by hoxbox
Mon Dec 17, 2007 2:03 am
Forum: Investing - Theory, News & General
Topic: Bond variable annuities as a substitute for IRA
Replies: 7
Views: 1685

I'm thinking using VA to buy bonds also given I will need to buy bonds outside of IRA/401(k) in ~10 years. few questions:

1) VAs are bought with after tax money?
2) Do VAs have required minimum distribution at age 70.5 like traditional IRAs?
3) Is there an limit to how much VA you can buy in a year?
by hoxbox
Sat Dec 15, 2007 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Indoor Exercise - Need Advice
Replies: 57
Views: 17154

Lack of space and money for a treadmill and the coat of ice outside forced me into.... jumprope! It doesn't get any cheaper and as long as you built up your endurance slowly (see this article) you get a nice indoor aerobic workout. It's easier on the knees than running.
by hoxbox
Mon Dec 03, 2007 1:19 am
Forum: Personal Investments
Topic: Are we about to make a big mistake? NWM & Whole Life
Replies: 301
Views: 67752

I went with NWM for disability and TERM life insurance. He tried to sell me the whole life insurance as "investment vehicle" stating even "engineers" have done the math and it's better. Being disciplined I bought 20 life term in my age group it's $50/month/$million for my dependents right now (my pa...
by hoxbox
Wed Oct 24, 2007 5:18 pm
Forum: Investing - Theory, News & General
Topic: Specific Identification of Mutual Fund Shares Sold
Replies: 44
Views: 12580

Anybody aware of another company besides Fidelity that does online automatic specific share identification when selling? I'm thinking I'll need 2 companies that do that when I do tax loss harvesting. If not I may just not trade for 30 before and 30 after the sell and buy back into the same account ...
by hoxbox
Wed Oct 24, 2007 4:03 pm
Forum: Investing - Theory, News & General
Topic: Specific Identification of Mutual Fund Shares Sold
Replies: 44
Views: 12580

Anybody aware of another company besides Fidelity that does online automatic specific share identification when selling? I'm thinking I'll need 2 companies that do that when I do tax loss harvesting. If not I may just not trade for 30 before and 30 after the sell and buy back into the same account t...
by hoxbox
Tue Oct 16, 2007 6:12 pm
Forum: Investing - Theory, News & General
Topic: Specific Identification of Mutual Fund Shares Sold
Replies: 44
Views: 12580

*Sigh* this has been discussed many times before. Vanguard need to spend the dough and upgrade their system for online automatic specific ID selling like Fidelity.
by hoxbox
Sat Oct 13, 2007 11:17 am
Forum: Investing - Theory, News & General
Topic: What was your first mutual fund?
Replies: 89
Views: 27365

Vanguard Target Retirement 2045 in Roth IRA. Then I switched to Total Stock Market Index.
by hoxbox
Sat Oct 13, 2007 10:20 am
Forum: Investing - Theory, News & General
Topic: Index ERs: Vanguard vs. Fidelity
Replies: 27
Views: 7953

Personally I'm going for:

Vanguard for tax advantaged accounts (to take advantage of the various nice bond indexes which Fidelity does not offer).

Fidelity for taxable account: to take advantage of Fidelity's easy tracking of specific share ID (which Vanguard lacks).
by hoxbox
Wed Oct 10, 2007 10:40 pm
Forum: Investing - Theory, News & General
Topic: Do you use 0% interest cash-advance to make money?
Replies: 62
Views: 18178

I go app-o-rama style. Being poor and maxing out all my 401k/Roth IRAs the AOR money actually is a 10% boost to my after tax/retirement spending cash! It helps to be a little OCD to pay the billls on time every month :lol:
by hoxbox
Tue Oct 09, 2007 10:52 pm
Forum: Investing - Theory, News & General
Topic: What percent of your annual household income do you save?
Replies: 52
Views: 18049

stebul wrote:Many have good jobs and live the way they did before they had high paying jobs.
If I live like the way I do now in 2.5 years my savings rate will be 90% of gross income :!: Off course things like new house/change in marriage status could dip that a bit....
by hoxbox
Tue Oct 09, 2007 9:25 pm
Forum: Investing - Theory, News & General
Topic: Dow, S&P break new records
Replies: 17
Views: 3850

I have no plans on changing my investment strategy timetable or allocation of putting as much money into the market as soon as it's available. Doesn't matter if the market drops 90% or gains 10%...
by hoxbox
Tue Oct 09, 2007 7:25 pm
Forum: Investing - Theory, News & General
Topic: What percent of your annual household income do you save?
Replies: 52
Views: 18049

40% of gross, or >50% of net for me (25% tax bracket).

Off course being single helps...
by hoxbox
Tue Oct 09, 2007 2:10 pm
Forum: Personal Investments
Topic: Opinion on FSLXX
Replies: 12
Views: 6667

The main reason I asked about FSLXX is the "safety" of the investment. I looked at the annual report and saw that about 25% of the assets are invested in the repurchase agreements. With today's credit climate, I am little uneasy about putting 25% of my money in derivative instruments. Looking at so...
by hoxbox
Tue Oct 09, 2007 12:42 pm
Forum: Personal Investments
Topic: Opinion on FSLXX
Replies: 12
Views: 6667

FSLXX can be used as a "semi-sweep" money market fund: to satisfy a debit, redemptions from the fund is usually automatic; however if you have a credit balance, you have to manually buy FSLXX. Once or twice I made a mistake and bought something but forgot to sell some FSLXX to fund my trade. Fido c...
by hoxbox
Tue Oct 09, 2007 9:31 am
Forum: Personal Investments
Topic: Opinion on FSLXX
Replies: 12
Views: 6667

I have FSLXX as my main checking and savings account combined because I'm only at 25% tax bracket and I don't want to rate chase any more. Any higher bracket I would go with one of Fidelity's state specific money market fund for higher after tax returns. If you are willing to switch banks and rate c...
by hoxbox
Sun Oct 07, 2007 10:52 pm
Forum: Investing - Theory, News & General
Topic: Estimating the impact of specific id method
Replies: 6
Views: 2080

if you can do specific ID without too much effort (which is probably the case if your broker isn't Vanguard), it can easily be a worthwhile way to spend a little time. Hence the reason I'm thinking Fidelity for my taxable when I have enough money in a few years (maybe VG will have online specific I...
by hoxbox
Sat Oct 06, 2007 7:51 pm
Forum: Personal Investments
Topic: Should I invest in my work 401k/457.How should I allocate?
Replies: 12
Views: 4022

Re: A Plan

plake15 wrote:Both the 401K and 457 have 15,500 max contribution limits.
*Sigh* Most people with 457s cannot max both 401k and 457. out. I'd love to have another extra 15.5k in tax deferred savings a year...
by hoxbox
Thu Oct 04, 2007 7:54 pm
Forum: Investing - Theory, News & General
Topic: How and why do you use credit cards.
Replies: 106
Views: 29139

Since I'm still poor I do "App-O-Rama" as discussed in Fatwallet.com and borrow at 0% for the year which I put in a savings account. It's amounting to a 10% boost in income after 401(k) contribution. I have 10 credit card and 9 bank accounts of which I only use 1 credit card for cash back the rest a...
by hoxbox
Thu Oct 04, 2007 8:15 am
Forum: Investing - Theory, News & General
Topic: New Medicare premium announced--
Replies: 6
Views: 2582

It's going to be hard to cut the costs given overall healthcare costs are raising faster than inflation... Either premiums will rise or our medicare tax will increase to pay for the higher costs.