Search found 32 matches

by catDaddy
Fri Feb 22, 2013 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Allocation Dilemma
Replies: 8
Views: 1060

Re: Fixed Income Allocation Dilemma

A 1-year CD at Ally will have a 970% higher return than a year in VG Prime Money Market, with no additional risk. Another way to look at it is that it only amounts to a difference of $87 per $10k, and is that really worth the added complexity of splitting our Roths between institutions? I guess what...
by catDaddy
Thu Feb 21, 2013 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Allocation Dilemma
Replies: 8
Views: 1060

Re: Fixed Income Allocation Dilemma

Thanks. I guess I should have added that I already maxed out our 2013 Roth contribution limits in January, so I'd have to sell Prime Money Market and Total Bond Market from our Vanguard Roths and have it transferred to new accounts at a bank in a way that satisfies the IRS. But you're right, a bank ...
by catDaddy
Thu Feb 21, 2013 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Income Allocation Dilemma
Replies: 8
Views: 1060

Fixed Income Allocation Dilemma

My current asset allocation is 58/42 Stocks/Fixed, and I'm about 18 years from retirement. My fixed income allocation is currently distributed like this: 40% PIMCO Total Return in MassMutual 401(k) 15% I-Bonds in taxable 14% MassMutual Fixed Income SAGIC in 401(k), currently earning 3.4% 14% Prime M...
by catDaddy
Thu Nov 13, 2008 5:58 pm
Forum: Investing - Theory, News & General
Topic: YouTuber Predicts Market Crash
Replies: 29
Views: 8650

Aw, he removed the video. I thought he'd stick around to gloat about his correct prediction.
by catDaddy
Thu Nov 13, 2008 4:40 pm
Forum: Personal Consumer Issues
Topic: Selling a TV
Replies: 41
Views: 7018

Ah, but the plasma has lower ongoing expenses because it is more energy-efficient. That is the Bogelhead justification. I think you have that backwards. According to the specifications at the Panasonic website, that 50" plasma draws 497 watts. Sony's KD-36FS130 36" CRT television draws 18...
by catDaddy
Thu Nov 13, 2008 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help, I can't justify buying a house anymore
Replies: 39
Views: 7142

Yeah its a nice chart, but keep in mind that you would actually own the house after 30 years (making some assumptions of course). The chart also assumes that I can actually afford the mortgage payments, which would be over 65% of our net income. Plus maintenance. Meanwhile, renting the house is a m...
by catDaddy
Wed Nov 12, 2008 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help, I can't justify buying a house anymore
Replies: 39
Views: 7142

simplesimon wrote:While doing some digging around for opinion threads of the "buy vs rent" discussion a while ago, I came across this nifty little interactive chart:
http://www.nytimes.com/2007/04/10/busin ... html?_r=1#

That IS nifty. If I were to buy the house I'm renting, I'd have to stay in it for 29 years before I'd come out ahead of renting.
by catDaddy
Tue Nov 11, 2008 4:13 pm
Forum: Investing - Theory, News & General
Topic: Best Way to Bet on Gas
Replies: 45
Views: 7496

Re: Best Way to Bet on Gas

EmergDoc wrote:If I were to want to make a long-term bet that would pay off when gas prices rise, what would be the best way to do that?

Buy a bicycle :wink:

Image
by catDaddy
Tue Nov 11, 2008 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

Re: earning

We did use the savers credit, although we didn't even need all of it to reduce the tax due to zero. Basically, $30k AGI minus the standard deduction and two personal exemptions leaves you with a total tax bill that you can eliminate entirely by contributing $2k to an IRA (you receive a 50% contribu...
by catDaddy
Mon Nov 10, 2008 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

Re: earning

job loss (or just slowdown) can easily put you below the taxable income threshold. That's been the case with us even in fairly good years when we both worked. You actually have to earn a pretty good income before you owe income tax, and until you do, losses don't help. I'm not sure what the thresho...
by catDaddy
Mon Nov 10, 2008 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

Those are good questions, Paul. My intent was to use $3k per year against ordinary income, so I wasn't concerned with whether the losses were short or long term. I'm about 27 years away from retirement, so I wasn't planning on realizing gains for while. At this point in our lives, if my wife and I c...
by catDaddy
Mon Nov 10, 2008 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

It's now a little over a month later and I've exchanged the Large-Cap Index shares back to the Total Stock Market Fund. It turns out that I had to do it by mail after all, but it wasn't a big deal to write up a letter of instruction. The market fell another 16.42% during that month, so I ended up wi...
by catDaddy
Thu Nov 06, 2008 6:03 pm
Forum: Investing - Theory, News & General
Topic: Bogle looks for moderate-severe recession
Replies: 19
Views: 4305

Gekko wrote:12. They never purchase a home that requires a mortgage that is more than twice their household's total annual realized income.

Even after recent 23% declines in real estate values, there is nothing in that price range within 100 miles of where I work, assuming a 20% down payment.
by catDaddy
Thu Oct 16, 2008 6:37 pm
Forum: Investing - Theory, News & General
Topic: Stabilizing housing prices
Replies: 56
Views: 9145

mptfan wrote:I hope you are right. Housing prices simply got too expensive, and I hope they now become too cheap.

Me too. Prices in my area have been way out of line with rents and incomes. If prices drop another 35%, I might actually be able to afford one. If I still have a job, that is.
by catDaddy
Mon Oct 06, 2008 2:00 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvest in TSM--put $$ in S&P500?
Replies: 10
Views: 2307

I was interpreting Raybo's post to mean he wanted to lock in the recent loss just in case things turned positive, in which case I assume he wouldn't exchange back to TSM. Good point. My comments above presumed that he intends to exchange back to TSM when allowed, no matter what. If he's happy to st...
by catDaddy
Mon Oct 06, 2008 1:59 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvest in TSM--put $$ in S&P500?
Replies: 10
Views: 2307

I was interpreting Raybo's post to mean he wanted to lock in the recent loss just in case things turned positive, in which case I assume he wouldn't exchange back to TSM. True, my comments above presumed that he intends to exchange back to TSM when allowed, no matter what. If he's happy to stay wit...
by catDaddy
Mon Oct 06, 2008 1:08 pm
Forum: Investing - Theory, News & General
Topic: Tax loss harvest in TSM--put $$ in S&P500?
Replies: 10
Views: 2307

Ray, I'm in a similar situation. Last Thursday I exchanged all of my Total Stock Market shares for the Large-Cap Index Fund to harvest the tax losses, and plan to move it all back to TSM after 31 days. I'm not sure how selling again today would change anything. Your money is currently parked in some...
by catDaddy
Fri Oct 03, 2008 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

If you are selling the entire holding, you don't need to use specific identification at all; first-in-first-out will give you the same tax bill, and you can use specific identification in the future. Thanks, David. Yesterday's price drop converted all remaining gains into losses, for a total of $8,...
by catDaddy
Thu Oct 02, 2008 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: vtsmx vs. trsgx
Replies: 4
Views: 1166

Some people like apples. Others like oranges.
The real question is which one serves the needs of your investment plan? The Poll is meaningless outside of that context.

http://www.bogleheads.org/forum/viewtopic.php?t=6211
by catDaddy
Thu Oct 02, 2008 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

The Admiral shares were worth a penny more on the day the conversion was made. ...your letter should say, "Please sell 123.456 shares of VTSAX which were converted from 124.578 shares of VTSMX purchased on 7/1/2006." Thanks for explaining that. Do I need to make that statement for each lot...
by catDaddy
Wed Oct 01, 2008 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

Thanks for the reply. I hadn't considered ETFs since I'm making regular small contributions and thought that the transaction fees would outweigh the advantages of the lower expense ratios. I have another question: I haven't sold any shares before, and I want to preserve the ability to use specific s...
by catDaddy
Wed Oct 01, 2008 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: TSM - Tax loss harvesting vs. Keeping admiral shares
Replies: 24
Views: 4804

TSM - Tax loss harvesting vs. Keeping admiral shares

About 18 months ago, the Total Stock Market Index Fund in my taxable account rose above $100k and was converted to admiral shares. Now, despite buying new shares regularly since then, the value has dropped to less than $100k and the fund now has an unrealized loss of around 4k. I'm considering tax l...
by catDaddy
Thu Jun 21, 2007 5:05 pm
Forum: Investing - Theory, News & General
Topic: Scary Figures - American Savings Report
Replies: 86
Views: 30630

shadowrings wrote:it was an "industrial act of God"

That's a good one!
Lawyers, politicians and insurance companies come up with the most creative theological arguments.
by catDaddy
Mon May 21, 2007 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Hybrids
Replies: 63
Views: 25855

While The Market has an important role to play in solving the problems our transportation systems have created, it cannot simply do it on its own. Doing harm with unpriced externalities is often encouraged by The Free Market. The diseases caused by pollution are not priced into the products that cre...
by catDaddy
Mon May 14, 2007 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Hybrids
Replies: 63
Views: 25855

Certainly the world has problems. But you have been bamboozled by the mainstream "hate capitalism/bash America" media. Actually, the world is getting better. And THE FREE MARKET will determine if people will buy the Prius or the Corolla or the 13MPG Ford Explorer. I don't bash America and...
by catDaddy
Mon May 14, 2007 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Hybrids
Replies: 63
Views: 25855

Karl wrote:I'd look for what provides the best financial deal...I'm not willing to pay more and get less to serve some environmental cause.

It's a pretty sweet deal to make our children pay for the consequences of the decisions we make today.
Hey, everybody else is doing it, right? :wink:
by catDaddy
Fri May 11, 2007 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Hybrids
Replies: 63
Views: 25855

Re: good luck

believe whatever you like. Here is response #4 from this blog: m "The original article you link to is an opinion piece (i.e., no fact-checking) for a college newspaper that publishes wild claims in a pathetic attempt to draw attention to itself. In February, The Recorder published “Rape only h...
by catDaddy
Thu May 10, 2007 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs. home ownership
Replies: 92
Views: 41217

When faced with job losses, my first thought has always been "Where am I going to work next?". I had much more flexibility solving that problem when I was renting a house than when I owed one. Renting the small house I currently live in costs me 27% of my net income. If I were to buy it at...
by catDaddy
Thu May 10, 2007 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs. home ownership
Replies: 92
Views: 41217

Re: response

yobria wrote:When the average homeowner thinks of losing his job, his first though is likely to be "How will I make my mortgage payment?"

When servicing debt becomes one's primary motivation for working, then I think it's time to find a more fulfilling livelihood.
by catDaddy
Wed May 09, 2007 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Renting vs. home ownership
Replies: 92
Views: 41217

Re: response

For most people I know, buying a home (and thus remaining gainfully employed to make those forced savings payments) was the best financial decision they ever made. How does buying a house result in one's remaining gainfully employed? I bought a house in 1999, then the company I worked for went out ...
by catDaddy
Mon May 07, 2007 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs. home ownership
Replies: 92
Views: 41217

I'm not sure that chart takes into account the fact that we live in bigger, nicer homes now than in the past. Bigger, yes, but nicer? The house I live in was built in the 1920s and has a lot of thick, solid oak in it that would be plywood and particle board in a typical new house. If bigness is a f...
by catDaddy
Mon May 07, 2007 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs. home ownership
Replies: 92
Views: 41217

If I were to buy the house I'm currently renting, my monthly payments would triple, assuming 20% down payment, 30-year fixed at 6.2%. On top of that, it's an old house so I would also be spending several thousand every year for maintenance. I would have no money left for food, transportation, doctor...