Search found 3366 matches

by am
Mon May 25, 2020 6:46 pm
Forum: Investing - Theory, News & General
Topic: Alarming Bid/Ask Spreads on ETFs
Replies: 52
Views: 3604

Re: Alarming Bid/Ask Spreads on ETFs

I was recently reading E*Trade's disclosure that one needs to acknowledge before you are allowed to trade when the markets are closed. Volatility was a big point and that sometimes there is little action on some holdings, which can increase the spread as well as the volatility, especially during we...
by am
Mon May 25, 2020 5:56 pm
Forum: Personal Investments
Topic: Muni bonds in taxable vs total bond in tax advantaged
Replies: 4
Views: 472

Re: Muni bonds in taxable vs total bond in tax advantaged

The fed is backing many munis right now. Risk is probably lower than before covid.
by am
Mon May 25, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 109
Views: 10556

Re: Approaching 40, worried about financial future

I worry that reading about people who are about to retire with $1m to $2m - that we'd never get there! The majority of people will never have a million dollar pile of securities. Yet, anyone who lives long enough will retire. You make adjustments. There is no shame in it. But to get to a million an...
by am
Mon May 25, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing to be a new ophthalmology attending.... Successful job hunting?
Replies: 3
Views: 598

Re: Preparing to be a new ophthalmology attending.... Successful job hunting?

Probably a tough market post Covid. Best jobs will not be advertised and offered word of mouth to those who are known to his program directors, attendings, etc. Otherwise a society website and journals will be the best route. I’d avoid recruiters as those jobs are usually not the best. Jumping aroun...
by am
Mon May 25, 2020 11:53 am
Forum: Personal Investments
Topic: Vanguard Total Bond vs Intermediate Tax Exempt
Replies: 10
Views: 1076

Re: Vanguard Total Bond vs Intermediate Tax Exempt

If I understand the situation, the Fed has said they will buy munis. That’s significantly different than preventing their default. The liquidity facility fed set up, loans moneys to municipalities. They can use the funds to pay bondholders. This essentially prevents defaults for several years. Fed ...
by am
Mon May 25, 2020 10:06 am
Forum: Personal Investments
Topic: Vanguard Total Bond vs Intermediate Tax Exempt
Replies: 10
Views: 1076

Re: Vanguard Total Bond vs Intermediate Tax Exempt

With fed support, the muni fund is just as safe as treasuries in my opinion.
by am
Mon May 25, 2020 9:22 am
Forum: Personal Investments
Topic: Fun Money in Health Stocks
Replies: 5
Views: 539

Re: Fun Money in Health Stocks

What do you think of buying health stocks related to companies that are racing to find a covid-19 vaccine? I've always been a fan of holding VHT, but many individual stocks like MRNA have exploded higher on positive news. I understand that this is gambling so I would only play with a small percenta...
by am
Sun May 24, 2020 2:40 pm
Forum: Personal Investments
Topic: Does larger portfolio make one more or less risk tolerant
Replies: 25
Views: 1951

Re: Does larger portfolio make one more or less risk tolerant

My goal is not to get rich but to have enough and not be poor. Especially when I can’t work and have no income. So I would think being more conservative is more prudent. That is what I plan on when I get to my number.
by am
Sun May 24, 2020 10:16 am
Forum: Personal Investments
Topic: Two bond funds, same index, vastly different maturities
Replies: 9
Views: 789

Re: Two bond funds, same index, vastly different maturities

The iShares National Muni Bond Fund (MUB) and the Vanguard Tax-Exempt Bond (VTEB) both track the same index (Standard & Poor’s National AMT-Free Municipal Bond Index). As expected, their durations are fairly close (MUB is 6.2, VTEB is 5.6). How then is it possible that their average maturities are ...
by am
Sun May 24, 2020 9:07 am
Forum: Personal Investments
Topic: Alternative to muni money market or short etf- jmst?
Replies: 7
Views: 382

Re: Alternative to muni money market or short etf- jmst?

Vanguard has a similar mutual fund option, Short-Term Tax-Exempt, with a 1.17% yield on Admiral shares which have 0.09% expenses. The two funds had about the same recent volatility, losing 3% from March 9 to March 20 and recovering 2/3 of the loss by March 26. In this particular situation, I would ...
by am
Sun May 24, 2020 9:02 am
Forum: Personal Investments
Topic: Alternative to muni money market or short etf- jmst?
Replies: 7
Views: 382

Re: Alternative to muni money market or short etf- jmst?

With only a 1.36% yield I would instead put my money in a FDIC insured HYS account or CD where I can get similar interest risk free. Check out the usual suspects: Ally Bank, Marcus, CIT Bank, etc. How about if your at 35% fed and have to pay net investment tax? FYI looks like the current yield is c...
by am
Sun May 24, 2020 8:13 am
Forum: Personal Investments
Topic: Alternative to muni money market or short etf- jmst?
Replies: 7
Views: 382

Re: Alternative to muni money market or short etf- jmst?

anon_investor wrote:
Sun May 24, 2020 7:59 am
With only a 1.36% yield I would instead put my money in a FDIC insured HYS account or CD where I can get similar interest risk free. Check out the usual suspects: Ally Bank, Marcus, CIT Bank, etc.
How about if your at 35% fed and have to pay net investment tax?
by am
Sun May 24, 2020 7:53 am
Forum: Personal Investments
Topic: Alternative to muni money market or short etf- jmst?
Replies: 7
Views: 382

Alternative to muni money market or short etf- jmst?

What do you think of using JP Morgan ultra short muni income etf (JMST) as a higher yielding option instead of the vanguard muni money market or other short term muni etf options? Yield is 1.36% and about 80% of the portfolio is AAA/AA/A. Expenses of .18. Duration of .89 years. During the big muni l...
by am
Sat May 23, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7214

Re: Examples of why NOT to hold individual stocks

I’m thinking that total stock market fund is the safest bet for the long term, that is forever. While individual stocks not so much as today’s best companies become tomorrow’s losers. We’ve seen this throughout history and no one can predict it.
by am
Sat May 23, 2020 4:01 pm
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7214

Re: Examples of why NOT to hold individual stocks

Agree that owning Hertz isn’t a big deal if you are properly diversified in your stock choices. Indexing is just a cheaper,easier way of diversifying your risk....and reward. Seems like many BH folks have a few stocks in side accounts . Might be more interesting to make a list of what those are...s...
by am
Sat May 23, 2020 1:02 pm
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7214

Re: Examples of why NOT to hold individual stocks

I hold about 1.25% of assets in individual stocks and have no regrets. It’s fun and I have done really well. Boglehead indexing is not the only way, although I chose that road for myself with most of my assets.
by am
Thu May 21, 2020 9:11 pm
Forum: Personal Investments
Topic: How safe is the Vang CA interm muni fund VCADX?
Replies: 9
Views: 821

Re: How safe is the Vang CA interm muni fund VCADX?

Local governments across America are struggling pretty bad right now and all but the biggest municipalities are having trouble getting emergency funding. Wouldn't even consider munis even if I was in the 40% tax bracket. Except that the government is essentially backing the bonds and municipalities...
by am
Sun May 17, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

I’ve been also speculating with <3% of assets making a killing on biotechs involved in covid response like Moderna, Inovio, Sorrento etc. Some crypto, bitcoin. Bought some beaten down energy and biotech etfs also killing it. Have you, in fact, actually realized your gains? The dollar amount is too ...
by am
Sun May 17, 2020 5:35 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

I’ve been also speculating with <3% of assets making a killing on biotechs involved in covid response like Moderna, Inovio, Sorrento etc. Some crypto, bitcoin. Bought some beaten down energy and biotech etfs also killing it. If I had most of my assets in these I’d be sitting on a beach in Hawaii thi...
by am
Sun May 17, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

After giving it more thought the SWIFT arguement is the most bullish case for Bitcoin. As long as it is not neutral system the Bitcoins value will be above 0 due to countries who are not allowed to use SWIFT using Bitcoin to move money across borders. Which countries are not allowed to use SWIFT? I...
by am
Sun May 17, 2020 12:55 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

Why does something have to have a use to have value? Humans place great value On a lot of things that sit around, hang somewhere, are shiny, etc. This one happens to be an internet medium of exchange that is decentralized, outside of government control, and can gain value depending on demand. There ...
by am
Sun May 17, 2020 7:56 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

Again you are underestimating the value of secure networked decentralized computing power. It’s like only valuing Amazon for their prime delivery services and overlooking AWS completely. Bitcoin and other crypto-currencies are insecure. https://en.wikipedia.org/wiki/Mt._Gox https://www.coindesk.com...
by am
Sat May 16, 2020 11:04 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

Handling security yourself causes a number of issues. #1) if the phone or computer where you store them is hacked, you could lose your money #2) if your phone or computer has a disk issue, you could lose your money unless backed up #3) if you back up, you must also consider the security of the back...
by am
Sat May 16, 2020 9:16 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

I personally am diversified into 20 different cryptos and don’t depend on an exchange for security. Handling security yourself causes a number of issues. #1) if the phone or computer where you store them is hacked, you could lose your money #2) if your phone or computer has a disk issue, you could ...
by am
Sat May 16, 2020 7:53 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

I personally am diversified into 20 different cryptos and don’t depend on an exchange for security. Handling security yourself causes a number of issues. #1) if the phone or computer where you store them is hacked, you could lose your money #2) if your phone or computer has a disk issue, you could ...
by am
Thu May 14, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Rethinking chase sapphire during pandemic
Replies: 8
Views: 1150

Re: Rethinking chase sapphire during pandemic

We got this card because we traveled quite a bit and liked the insurance and rewards. I don’t see much of a benefit if we don’t travel or dine out anymore, I am up for renewal after the summer and will likely cancel if conditions remain the same. I cashed out about 100k points for cash recently.
by am
Thu May 14, 2020 3:41 pm
Forum: Personal Investments
Topic: Annoying hold on funds at Fidelity taxable
Replies: 13
Views: 950

Re: Annoying hold on funds at Fidelity taxable

rkhusky wrote:
Thu May 14, 2020 2:53 pm
What kind of trade were you trying to do? Buying Fidelity funds should be available immediately.
ETF buy after ach transfer in from bank. It’s always been immediate for smaller <10k amounts.
by am
Thu May 14, 2020 1:58 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

Aren’t things like collectibles, art, wine, jewelry also require a greater fool to come along as there are no dividends, interest or rent? And since bitcoin is all over the world with billions of people, there is no end in sight for the supply of fools. of course. It's important to just call it wha...
by am
Thu May 14, 2020 1:30 pm
Forum: Personal Investments
Topic: Annoying hold on funds at Fidelity taxable
Replies: 13
Views: 950

Re: Annoying hold on funds at Fidelity taxable

New accounts always have longer holding periods than established accounts. Are you still in the first 30 days of your new account? No, I’ve had the account for years but didn’t start using it until they started having dollar etf buys on the app. I initiated the transfer from Fidelity via ach. In th...
by am
Thu May 14, 2020 1:11 pm
Forum: Personal Investments
Topic: Annoying hold on funds at Fidelity taxable
Replies: 13
Views: 950

Re: Annoying hold on funds at Fidelity taxable

LiveSimple wrote:
Thu May 14, 2020 1:09 pm
Based on your assets there may be some holding period, but you may be able to trade, check that.
No not able to trade. Nothing available, maybe this has something to do with the low balance before the transfer as I just started the taxable account.
by am
Thu May 14, 2020 12:56 pm
Forum: Personal Investments
Topic: Annoying hold on funds at Fidelity taxable
Replies: 13
Views: 950

Annoying hold on funds at Fidelity taxable

I transferred in 100k into fidelity taxable account via ach transfer a couple of days ago. 25k was made available immediately and the rest of the funds remain on hold until sometime next week. Today I transferred in a smaller amount to place a trade and that money is also on hold. In the past, I’ve ...
by am
Thu May 14, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: [Marcus Savings Account - Interest rate is now 1.7%]
Replies: 167
Views: 22691

Re: [Marcus Savings Account - Interest rate is now 1.7%]

Is the floor based on 2008 about 1% for these high yield savings accounts?
by am
Wed May 13, 2020 10:42 am
Forum: Personal Investments
Topic: Municipal Bonds question
Replies: 14
Views: 910

Re: Municipal Bonds question

. As for investment options, we can only purchase investments that are backed by the gov. or from institutions that are fdic or ncua insured. Not sure what you mean by “backed by the government”, Municipal bonds are issued by local governments, but their value is not “backed” by any other governmen...
by am
Wed May 13, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: Exchange VWIUX for VTEB?
Replies: 8
Views: 516

Re: Exchange VWIUX for VTEB?

I'm staying with VWIUX because I think active management works best for municipal bond funds. VWIUX is a much larger fund, and it has a long and successful track record. Also, isn't there an important difference in how the two funds handle dividends? Vwiux 3.54% 10 yr versus benchmark 3.34%. That’s...
by am
Wed May 13, 2020 9:33 am
Forum: Personal Investments
Topic: Low risk vanguard fund for short term?
Replies: 18
Views: 1363

Re: Low risk vanguard fund for short term?

Depending on bracket either short term muni or taxable bond fund. Money markets approaching 0,
by am
Tue May 12, 2020 7:53 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

Going to 0, rat poison squared, scam etc. When will this happen? It’s been years and it keeps going up. Traded and owned by millions across the globe. What event would trigger the drop to worthless? I highly doubt most who own and trade it think like those on this forum. Can’t they keep it going fo...
by am
Tue May 12, 2020 7:20 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

Going to 0, rat poison squared, scam etc. When will this happen? It’s been years and it keeps going up. Traded and owned by millions across the globe. What event would trigger the drop to worthless? I highly doubt most who own and trade it think like those on this forum. Can’t they keep it going fo...
by am
Tue May 12, 2020 6:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 213
Views: 10047

Re: Paul Tudor: Compelling case for bitcoin ?

Going to 0, rat poison squared, scam etc. When will this happen? It’s been years and it keeps going up. Traded and owned by millions across the globe. What event would trigger the drop to worthless? I highly doubt most who own and trade it think like those on this forum. Can’t they keep it going for...
by am
Tue May 12, 2020 5:54 pm
Forum: Investing - Theory, News & General
Topic: Exchange VWIUX for VTEB?
Replies: 8
Views: 516

Re: Exchange VWIUX for VTEB?

Long-time holder of VWIUX (VG Intermediate Tax-Exempt Admiral). It now appears that VTEB (VG Tax-Exempt Bond ETF) is superior. Comparison: VTEB has similar duration (5.2 yrs vs 4.8), higher quality (75% AAA and AA vs 70.5%), higher SEC yield (1.94% vs 1.82%) and lower expense ratio (0.06% vs 0.09%)...
by am
Mon May 11, 2020 10:21 am
Forum: Personal Investments
Topic: How to add ballast to a taxable account?
Replies: 26
Views: 2548

Re: How to add ballast to a taxable account?

Vanguard says that there is 18.2% AMT exposure in the high yield muni fund. How will that effect my return? 18.2% of interest is taxable or something else? This means that 18.2% of the income from the fund is taxable if you pay the Alternative Minimum Tax, which relatively few taxpayers do. This is...
by am
Sun May 10, 2020 8:29 pm
Forum: Personal Investments
Topic: How to add ballast to a taxable account?
Replies: 26
Views: 2548

Re: How to add ballast to a taxable account?

Given the unprecedented support fed is giving munis, I would say they are near riskless for at least. 2 years.
by am
Sun May 10, 2020 7:05 pm
Forum: Personal Investments
Topic: How to add ballast to a taxable account?
Replies: 26
Views: 2548

Re: How to add ballast to a taxable account?

I use VWALX (High yield tax exempt) bond fund). Is that supposed to be a ballast? Fund has a 15% spread from low to high price over the year. Although the 3.22% tax free yield is very tempting. Wonder how much this fund can lose if conditions keep deteriorating? Will fed backstop these types of bon...
by am
Sun May 10, 2020 10:20 am
Forum: Investing - Theory, News & General
Topic: Risk of Muni Bonds
Replies: 56
Views: 5236

Re: Risk of Muni Bonds

"Airports: With air travel significantly curtailed, there is concern over the ability of airports to meet debt service payments. The CARES Act’s $10 billion allotted for airports is a major positive, because it’s much more than the actual amount of airport debt outstanding." https://seekingalpha.co...
by am
Sun May 10, 2020 10:08 am
Forum: Personal Investments
Topic: How to add ballast to a taxable account?
Replies: 26
Views: 2548

Re: How to add ballast to a taxable account?

I use VWALX (High yield tax exempt) bond fund). Is that supposed to be a ballast? Fund has a 15% spread from low to high price over the year. Although the 3.22% tax free yield is very tempting. Wonder how much this fund can lose if conditions keep deteriorating? Will fed backstop these types of bon...
by am
Sat May 09, 2020 1:09 pm
Forum: Personal Investments
Topic: How to add ballast to a taxable account?
Replies: 26
Views: 2548

Re: How to add ballast to a taxable account?

High yield savings, CDs, I bonds, If you can tolerate losses then consider very high quality munis such as Bairds fund which is mostly AAA/AA. I like to take my risk on the stock side. If I want more risk, I generally add more stock instead of chasing yield on the bond side.
by am
Sat May 09, 2020 8:50 am
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 137
Views: 14333

Re: Marcus or Ally

Marcus 1.55% no-penalty CD does look appealing. Any drawback to this that I'm not seeing? Same thing just happened to me this week. Parked my emergency fund in Marcus and was disappointed with an immediate rate drop. Do these major high-yield savings accounts usually adjust rates and track so close...
by am
Sat May 09, 2020 8:32 am
Forum: Personal Investments
Topic: M1 finance and Fidelity fullview
Replies: 0
Views: 182

M1 finance and Fidelity fullview

I used to track M1 finance on Fidelity full view. Now it is no longer included on my account. I contacted customer support and they said they would work on it. I continue to not be able to add or track it. Has anyone had any success tracking M1 on their fidelity account? I can not imagine that I am ...
by am
Sat May 09, 2020 7:40 am
Forum: Personal Investments
Topic: delete
Replies: 39
Views: 7248

Re: iamblessed

Is there an inflation protected option for annuity and how much would that cost? I used http://www.immediateannuities.com to get the quote. You can get a quote for an inflation-indexed annuity, but you have to get it through e-mail. From what I've heard, there aren't a lot of companies left that of...
by am
Wed May 06, 2020 11:59 am
Forum: Personal Investments
Topic: Munis: Hold or Sell
Replies: 31
Views: 2269

Re: Munis: Hold or Sell

“3) Freak out and sell Munis because state budgets are melting down with Covid crisis (mostly kidding). “

Yes. Not kidding. Your hoping the fed provides a backstop, otherwise you’d be Foolish to keep your non risk money invested.
by am
Wed May 06, 2020 8:53 am
Forum: Personal Investments
Topic: delete
Replies: 39
Views: 7248

Re: iamblessed

hi spending all the distributions takes reinvestment toward additional shares off the table, you would have to rely totally on nav growth to grow the portfolio a lot depends on how concerned you are about your portfolio's final value 1) do you want to grow the portfolio over your retirement 2) do y...