Search found 2854 matches

by Leif
Mon May 25, 2020 12:36 pm
Forum: Personal Investments
Topic: I have no risk tolerance: where am I supposed to keep my money?
Replies: 70
Views: 5637

Re: I have no risk tolerance: where am I supposed to keep my money?

I'm 38 with 300k in my tIRA, previously set at 90/10 VTSAX/bonds. Where might a prudent Boglehead suggest I keep my money (all bonds?) if I am worried about holding on to it. For my can't lose this money I'm putting that in high yield savings, which is FDIC insured up to $250,000. That is about as ...
by Leif
Sun May 24, 2020 10:11 pm
Forum: Investing - Theory, News & General
Topic: Will the US become like Japan?
Replies: 68
Views: 4944

Re: Will the US become like Japan?

It's possible. Even before the virus, when the economy was running well, we were generating high fiscal deficits. Now, of course, that looks like child's play compared to the current deficits. Japan is also carrying a heavy debt load. IMO the economy will be slow for a long time following this episo...
by Leif
Sun May 24, 2020 1:02 pm
Forum: Personal Consumer Issues
Topic: $250 off new iPhone SE via trade-in arbitrage
Replies: 16
Views: 1692

Re: $250 off new iPhone SE via trade-in arbitrage

To add to the OP.

Get $200 off:
iPhone 6
iPhone 6 Plus
iPhone 6s
iPhone 6s Plus
Samsung Galaxy S8
Samsung Galaxy S8+
Samsung Galaxy Note8
Google Pixel 3A
Google Pixel 3A XL
OnePlus 7 Pro
OnePlus 7
OnePlus 6T
LG V50 ThinQ
LG V40 ThinQ
LG G7 ThinQ
by Leif
Sat May 23, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 338
Views: 23751

Re: The axe falls and I am prepared. What's next?

Your question is "Can I retire yet?", and I believe based on your initial post, the answer is yes.
by Leif
Sat May 23, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 338
Views: 23751

Re: The axe falls and I am prepared. What's next?

If you enjoy working then I would search for home contract work while on unemployment. If I needed to study 10-20 hr./week for a 20 hr. job then I don't think I would bother. But if your wife looses her job then you would need to become more serious for medical coverage. The issue is going to be, h...
by Leif
Sat May 23, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 338
Views: 23751

Re: The axe falls and I am prepared. What's next?

If you enjoy working then I would search for home contract work while on unemployment. If I needed to study 10-20 hr./week for a 20 hr. job then I don't think I would bother. But if your wife looses her job then you would need to become more serious for medical coverage. The issue is going to be, ho...
by Leif
Fri May 22, 2020 1:21 pm
Forum: Investing - Theory, News & General
Topic: REITs in a world of WFH + social distancing
Replies: 27
Views: 1960

Re: REITs in a world of WFH + social distancing

I was wondering about this as well. While the yield in the current environment is good the prospects long term seem to me to be diminished.
by Leif
Fri May 22, 2020 12:31 am
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6039

Re: Where to park cash in Fidelity?

I don't think it is even worth while to do a transfer from a core account, such as SPAXX to a slightly higher yielding SPRXX, even if it only takes a few seconds for each account. I think I will just let new money go into SPAXX, keep that at the desired level, and transfer any excess to a high yield...
by Leif
Wed May 20, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217808

Re: Fidelity as a one stop shop

FYI - Another push by Fidelity to lure you in expensive Wealth Mgmt "Fidelity Rewards+SM Exclusive benefits for Wealth Management clients As a thank you to our Wealth Management clients, we're pleased to offer even more industry-leading value. Enroll in Fidelity Rewards+ when you have $250,000 in p...
by Leif
Tue May 19, 2020 7:19 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6039

Re: Where to park cash in Fidelity?

I'm in the process of moving $50k of my emergency fund out of Fidelity FZDXX and into Capital One 360 Savings. Interest rate is 1.5% and they are paying a $100 bonus for every $10,000 you deposit (up to $500 bonus). Must be a new customer and deposit must be made within 10 days of opening the accou...
by Leif
Tue May 19, 2020 7:07 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6039

Re: Here is Fidelity Best Money Market Fund

The highest paying MM fund at Fidelity, with $0 min. investment, is SPRXX. It has a 7 day yield of 0.18% and a 1 day yield of 0.13%. Looks like it is headed for 0.01% like the others.
by Leif
Tue May 19, 2020 6:21 pm
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6039

Re: Where to park cash in Fidelity?

I also wished they offered a high yield option. Fidelity offers checks and check cashing, thru their associated bank, but not HY. Perhaps they don't want the competition with their MM funds. Or perhaps there is not a legal framework to get FDIC accounts. So we need to do the dance, if we care about ...
by Leif
Tue May 19, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 68
Views: 4108

Re: Turning 65, Medicaire questions

I read several books and went to a couple of seminars. On the decision of Medicare supplement vs. Medicare advantage, I simplified it to a choice between less cost (Advantage) and more flexibility (Supplement). More details depends on your medical condition, family history, travel plans, and availab...
by Leif
Sun May 17, 2020 1:13 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10360

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Almost all answers starts with "It depends...". If your job/income is secure that would allow a smaller EF. If your portfolio is large (i.e. 10X+ your annual expense needs), that would allow a smaller EF. In general I think at least a 6 month EF is prudent. I keep 1-2 years of EF/cash. But I'm retir...
by Leif
Sun May 17, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217808

Re: Fidelity as a one stop shop

The Federal government lifted the transaction limit, but have you found a bank with high yield savings that has actually lifted that limit? Without charging fees if you go over? American Express. Current APY is 1.3%. Expanded Transaction Limit: The Federal Reserve Board is allowing banks to tempora...
by Leif
Thu May 14, 2020 11:10 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

Total Bond Index, in a tax deferred account. To sell bonds, I would sell equities in my taxable account and simultaneously exchange bonds to equities in the tax deferred account. Any issues with it that I'm not seeing? I welcome any criticisms. I'm working hard to get equities out of my tIRA by usi...
by Leif
Thu May 14, 2020 10:51 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

Not much change. I'm moving my cash from money market funds to "high yield savings". Holding cash for 1 to 2 years for residual living expenses. Did some THL, but that is reacting to equity price not low interest rates. I'm expecting interest rates to stay at zero for the next few years so I'm conti...
by Leif
Thu May 14, 2020 5:04 pm
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8711

Re: Why no love for REITs?

I know there is a certain percentage of Reits in the Total Stock Market Index. Does anyone know the approximate percentage and how they got that information? I did find this: https://www.bogleheads.org/wiki/Percentages_of_REITs_present_in_Vanguard_index_funds but it is over 10 years old. Thanks Per...
by Leif
Wed May 13, 2020 5:50 pm
Forum: Personal Investments
Topic: Why no love for REITs?
Replies: 102
Views: 8711

Re: Why no love for REITs?

My home is now 34% of my net worth (with the recent drop in equities). My portfolio is already weighted too heavily in real estate, so I would not invest in REITs. I live in a modest condo in a HCOL area, and it is not possible to downsize. REITs are far more diversified than your home. Your home i...
by Leif
Tue May 12, 2020 3:18 pm
Forum: Personal Investments
Topic: Taxable Account & Roth IRA Have Same Index Funds - Is This Okay?
Replies: 12
Views: 1296

Re: Taxable Account & Roth IRA Have Same Index Funds - Is This Okay?

In general it it better from a tax perspective to have less tax efficient funds (such as a REIT) in your Roth and more tax efficient fund, such as a TSM fund, in taxable. But given that, sure it is fine to have the same fund in both places. I also like to keep my Roth account mostly equities and my ...
by Leif
Mon May 04, 2020 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217808

Re: Fidelity as a one stop shop

Kinda funny. Not too long ago Fidelity was touting their great MM yields in TV ads. I guess as a shot at Schwab. Now most Fidelity MMs are 0.01%. To be fair, nobody else's MM yields are much better from what I've seen, and those that are better are continuing to drop day to day. I expect to probabl...
by Leif
Sun May 03, 2020 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217808

Re: Fidelity as a one stop shop

Kinda funny. Not too long ago Fidelity was touting their great MM yields in TV ads. I guess as a shot at Schwab. Now most Fidelity MMs are 0.01%.
by Leif
Sun May 03, 2020 12:38 pm
Forum: Personal Investments
Topic: Fidelity intermediate treasury index vs. Fidelity U.S. bond index
Replies: 18
Views: 1390

Re: Fidelity intermediate treasury index vs. Fidelity U.S. bond index

A bit higher yield vs. a bit better counterweight to the equity market.
by Leif
Sat May 02, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Do you keep moving your cash around chasing yield?
Replies: 56
Views: 5317

Re: Do you keep moving your cash around chasing yield?

Sometimes. Recently I was using a Muni MM as rates shot up. But the Fed has taken away the punch bowl. I don't shop around for new places, but I keep one eye on yield and move between MMs, Muni MM, and bank "high yield". I'm repeating what I did in the GFC. With rates at zero I was in bank "high yie...
by Leif
Mon Apr 27, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: Where to put cash?
Replies: 15
Views: 1955

Re: Where to put cash?

I'm moving cash to "high yield". This seems to be following the same pattern as GFC and later. High yield was the best location for cash. You could look around for special deals. But, if you just want a place hold cash, this has been my solution. When the Fed starts raising rates above 0 then you ca...
by Leif
Fri Apr 24, 2020 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217808

Re: Fidelity as a one stop shop

FZDXX was competitive in the high yield money market world until recently. So I also keep an online high yield bank account (easy to shift money back and forth to Fidelity). When FZDXX's yield drops significantly (like now) I shift the bulk of my cash into the online bank account. And a local bank ...
by Leif
Wed Apr 22, 2020 12:54 pm
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3599

Re: Retirees: Walk me thru your portfolio drawdown process

Back before 08-09 I was at 70/30. After that, with retirement in an estimated 10 years I started to change my AA. Just prior to retirement I went to 50/50. As I sold down my stock, gradually (2%/yr), I placed the proceeds in a CD ladder. I set up a CD to mature each year. Until retirement I rolled o...
by Leif
Mon Apr 20, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: whos' just about had it w/ SCV ?
Replies: 263
Views: 16394

Re: whos' just about had it w/ SCV ?

I have very good news for SCV investors. The fortunes of SCV are about to change dramatically and future outperformance is almost certain. It will start very soon. I have recently sold my modest 25% SCV position (FNDA, fundamental index with a strong value slant) and moved into VB (SCB) which has o...
by Leif
Sun Apr 19, 2020 1:13 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1121
Views: 97026

Re: Well, I am market timing due to coronavirus... Wish me luck.

So to make this work you have to be right twice - getting out on February 5th was prescient, but not getting back in on March 23rd might have been a mistake. Or maybe not . . . Not really. I hear this a lot. You just need to get out/in such that you are in a better position than if you just stayed ...
by Leif
Sat Apr 18, 2020 11:49 am
Forum: Investing - Theory, News & General
Topic: whos' just about had it w/ SCV ?
Replies: 263
Views: 16394

Re: whos' just about had it w/ SCV ?

+1. This reminded of the worst investment I ever made, which was the Pimco Commodity Real Return fund. I can't even remember when this happened but I do remember quite a drumbeat here and new phrases like contango and backwardation and so many cheerleaders saying it was can't miss because it was in...
by Leif
Thu Apr 16, 2020 8:29 pm
Forum: Investing - Theory, News & General
Topic: whos' just about had it w/ SCV ?
Replies: 263
Views: 16394

Re: whos' just about had it w/ SCV ?

I'm staying the course on SCV. It has not done well in the last decade or recently. Recently it is easy to explain because small company are being hit particularly hard. However, typically coming out of a recession is a good time for SC/SCV. If you believe in return to the mean, then I think SCV sho...
by Leif
Thu Apr 16, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Tax planning
Replies: 38
Views: 2511

Re: Retirement Tax planning

Congratulations on being in the 24% bracket. That means you have a substantial income. Regarding investments, I invest in broad based low cost index funds. These usually have a low turn over and typically a low (or no) year end capital gains distribution. If you go to Morningstar you can check the t...
by Leif
Mon Apr 13, 2020 11:36 pm
Forum: Investing - Theory, News & General
Topic: What in the world is propping up this market?
Replies: 206
Views: 20748

Re: What in the world is propping up this market?

My guess is it is the flood of money from all sides, FED and Gov't, plus the hope that a cure will be developed shortly. Also it appears, so far, that as bad as it is we are stretching, but not breaking, the medical system. But I also have been surprised that the depth of the fall, from an all time ...
by Leif
Sun Apr 12, 2020 1:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 455
Views: 76187

Re: Vanguard Municipal Money Market VMSXX 1.39%

Swapping Treasury MM (VUSXX) for Muni MM (VMSXX) now that T-bills are going towards 0 yield and Fed is backstopping muni money markets. Granted, no state tax in WA. But... 1.83% tax equivalent (or better depending on income fluctuations) for me beats any new CD I can get at Ally right now. Same rea...
by Leif
Tue Apr 07, 2020 6:20 pm
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

Thanks Kevin. At some point it will probably be better (higher TEY for me) to be back in Vanguard Treasury MM (VUSXX - 7 day SEC now 0.73%). Maybe. It depends on whether or not the decline in VMSXX yield resumes, and if so at what rate. VUSXX SEC yield will fall to 0.0X% in less than three months u...
by Leif
Tue Apr 07, 2020 5:45 pm
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

Thanks Kevin. At some point it will probably be better (higher TEY for me) to be back in Vanguard Treasury MM (VUSXX - 7 day SEC now 0.73%). Before I reach that point I expect most of my cash will be back in stocks after the 30 day TLH period.
by Leif
Tue Apr 07, 2020 4:43 pm
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

^I don't follow. If you buy back on April 1, then you will create a wash sale for the March 15 shares no matter what it seems to me. On April 1, the March 1 transaction doesn't come into play anymore and can be completely disregarded. I guess I missed your point. I thought you were saying the first...
by Leif
Tue Apr 07, 2020 2:35 pm
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

IRS is looking at shares. See IRS Publication 550 and "wash sales" Without knowing the prices of everything, dollar amounts are kinda hard to deal with when it comes to wash sales accounting. If you read the publication and how losses get to adjust the basis of the first shares affected, then you c...
by Leif
Tue Apr 07, 2020 1:53 pm
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

Sell at a loss in taxable on March 1, sell at a loss in the same or other taxable account on March 15. Then in another account (taxable, Roth, spouse's IRA, etc) if you buy shares, then the disallowed loss will be calculated from the March 1 shares if the purchase was on or before March 30 and if a...
by Leif
Tue Apr 07, 2020 1:37 pm
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

I have a TLH question. If you sell a fund on one date and then sell the same fund, in a different account, on a later date, then when can the fund be bought without a wash sale? Do they have separate dates, based on account and the amount sold, or do they both have the same date based on the sale o...
by Leif
Tue Apr 07, 2020 1:33 pm
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

I have a TLH question. If you sell a fund on one date and then sell the same fund, in a different account, on a later date, then when can the fund be bought without a wash sale? Do they have separate dates, based on account and the amount sold, or do they both have the same date based on the sale o...
by Leif
Tue Apr 07, 2020 11:53 am
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

I have a TLH question. If you sell a fund on one date and then sell the same fund, in a different account, on a later date, then when can the fund be bought without a wash sale? Do they have separate dates, based on account and the amount sold, or do they both have the same date based on the sale of...
by Leif
Sun Apr 05, 2020 12:41 pm
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

Instead of waiting 31 days to re-buy VTIAX, many investors that tax-loss harvest would exchange VTIAX to VFWAX, so that if the stock market went up in that time they would get the benefit of that increase. You may have noticed that the stock market went up more then 15% since the lows in the past f...
by Leif
Sun Apr 05, 2020 12:58 am
Forum: Personal Investments
Topic: TLH of 6-figure loss?
Replies: 68
Views: 5019

Re: TLH of 6-figure loss?

I had some pretty heavy losses in the GFC. In fact, I still have some carry over losses from that time. A couple of things. One is that I presume, has I have, there are times when you want to sell for a ST or LT gain. This will offset those gains. Also, sometimes the fund, at year's end, will have a...
by Leif
Sat Apr 04, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

How many job losses did the market expect? The market reacts to news compared to expectations, not just raw news. I read, IIRC, about 4.5 million vs. the 6.6 million we got. That is why I was asking how the market could go up? Other news that day was OPEC agreement. The market is really unpredictab...
by Leif
Sat Apr 04, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296718

Re: Coronavirus and the market

I almost find it comical that the market is basically shrugging off the now 10M jobs lost in the past two weeks I find it strange too, but this "should be" temporary. Maybe. How many job losses did the market expect? The market reacts to news compared to expectations, not just raw news. I read, IIR...
by Leif
Sat Apr 04, 2020 12:48 pm
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: Tax Exempt Money Market Funds, Current Yields High

This leads me to believe that these tax-exempt funds are terrific places to park cash, even disregarding the tax-exempt feature. I just can't believe it. Tell me what I am overlooking. This happened in 08 as well. I even had (this time also) a muni MM fund in my retirement account (not generally re...
by Leif
Fri Apr 03, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217808

Re: Fidelity as a one stop shop

Also as a possible contribution toward FCFXX's higher yield is that 55% of its holdings were subject to AMT as of 2/29. Only 18% of VCTXX holdings were subject to AMT as of same date. One way or another, FCFXX must be holding riskier assets than VCTXX to achieve the higher yield, especially conside...
by Leif
Thu Apr 02, 2020 2:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18803
Views: 2628669

Re: U.S. stocks in free fall

Bluce wrote:
Thu Apr 02, 2020 1:17 pm
Ignore the day-to-day volatility and check back in a few months and see where the market is.
That advice will not work for TLH in my IPS.