Search found 462 matches

by hornet96
Thu May 09, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 207
Views: 12645

Re: 2019 Hedge Fund Contest

Just a heads-up that my lone short pick, NVAX, is holding a special meeting tomorrow in order to approve a 1-for 20 reverse split: https://www.sec.gov/Archives/edgar/data/1000694/000114420419019511/tv518853_8k.htm And, as expected, it was approved today, and will begin trading at the split-adjusted...
by hornet96
Tue May 07, 2019 1:11 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 207
Views: 12645

Re: 2019 Hedge Fund Contest

Just a heads-up that my lone short pick, NVAX, is holding a special meeting tomorrow in order to approve a 1-for 20 reverse split: https://www.sec.gov/Archives/edgar/data/1000694/000114420419019511/tv518853_8k.htm As previously announced, the Company has scheduled a Special Meeting of the Company’s ...
by hornet96
Thu Apr 18, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5439

Re: Bogleheads privacy warning

The forum has "show all posts by hornet96" link: https://www.bogleheads.org/forum/search.php?author_id=41214&sr=posts Yes I understand that. Obviously if you already know a username and know to go to Bogleheads, you can search here and find anything you want. I am talking about a general Google sea...
by hornet96
Thu Apr 18, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: Bogleheads privacy warning
Replies: 61
Views: 5439

Re: Bogleheads privacy warning

I just entered my username (mikemikemike) into the search bar, and as a result retrieved all of my posts to bogleheads. Did you just search using your regular browser? If so, it's likely going to reveal a bunch of your posts just because the website information you regularly visit is cached on your...
by hornet96
Sat Mar 30, 2019 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Welp, Backdoor Roth surprise!
Replies: 38
Views: 3793

Re: Welp, Backdoor Roth surprise!

I guess I transferred as I still have a tIRA with Vanguard which now has zero balance. Haven't done and have never heard of a 1099-R. Do I do this or does Vanguard do this. Is it too late? Guess this is why some people need a financial advisor. I'm not sure what the difference is between "transferr...
by hornet96
Fri Mar 29, 2019 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Welp, Backdoor Roth surprise!
Replies: 38
Views: 3793

Re: Welp, Backdoor Roth surprise!

I opened a traditional IRA with Vanguard then immediately transferred the funds to a Roth IRA. How did you "transfer" the funds from tIRA to Roth IRA -- by conversion or recharacterization? You would have wanted to do conversion. What code does your 1099-R for the transaction say in box 7? I opened...
by hornet96
Wed Mar 27, 2019 9:46 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth - Has anything changed in 2019?
Replies: 8
Views: 843

Re: Backdoor Roth - Has anything changed in 2019?

I was also concerned with my tax consultant :shock: , shouldn't he know this stuff!? He files 1000s of taxes during the tax season and has been my tax advisor for 10+ years. Maybe it is time for change? Nothing has changed with regard to the backdoor Roth (other than increased IRA contribution limi...
by hornet96
Wed Mar 27, 2019 9:29 pm
Forum: Investing - Theory, News & General
Topic: Muni Fund or Us Treasury Fund For taxable account
Replies: 3
Views: 491

Re: Muni Fund or Us Treasury Fund For taxable account

In a 22% tax bracket, Treasuries yield less after tax than munis of the same duration, so to get the same income, you would need to take more of some type of risk Interestingly, this is not currently true for the money market funds. Current yield on the Treasury Money Market Fund is 2.36%. At a 22%...
by hornet96
Thu Mar 21, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

I don't understand why some react negatively to a polite request. Because your request was accusatory in the sense that it made it appear as if I misquoted you or did something nefarious to your words. You said: When including a quote, please don't modify what is quoted * without including a note i...
by hornet96
Wed Mar 20, 2019 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

Changing text to bold is a modification. It is a standard convention to indicate that such a change has been made. Since you insist on being the “standard convention police,” I’m wondering why you didn’t call out Celia for her quote of Greenman72 just a few posts above this one, where she did the e...
by hornet96
Wed Mar 20, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

The confusion noted in my quote above isn't confusion by the IRS, but confusion by the taxpayer in understanding the difference in a backdoor Roth maneuver vs. converting existing tIRA balances to a Roth IRA. The conversion part is the same, but the source of the funds that gets converted is not. I...
by hornet96
Wed Mar 20, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

(retiredjg's post while I was writing this raises a good point about a common issue with confusing a backdoor Roth with a "normal" Roth conversion) There should be no confusion because, from the point of view of the IRS, there are not different types of Roth conversations: backdoor and "normal". A ...
by hornet96
Tue Mar 19, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

So my CPA filled out part II correctly but didn't bother to fill in part I. I gather the requirement to fill in part I is new as of a couple of years ago? I only started doing backdoor Roths in TY2017. As far as I can tell. Form 8606 has had multiple parts since 1997. Part I needs to be completed o...
by hornet96
Tue Mar 19, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

It is almost to a breaking point for me because it is such a time suck. I am supposed to pay a professional so that I don’t have to do the work. But I feel like I do double the work. And still deal with audits. And because I get resolvable audits, now I’m afraid not to use the CPA in case I get aud...
by hornet96
Mon Mar 18, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Return on paying off Mortgage early
Replies: 15
Views: 1937

Re: Return on paying off Mortgage early

While I disagree with the other responses in this thread, it doesn't really matter since the house is not a marketable security (while equities generally are). i.e. the rationale of " You don't realize any gain (or loss) on your house until you sell " doesn't really matter, since that statement appl...
by hornet96
Mon Mar 18, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

In all fairness, many people have trouble entering the data in their software. I think the trick to this is when you get to the part about Roth conversions, skip it until later. After the non-deductable contribution is reported, then go back and tell the software about the Roth conversion I agree. ...
by hornet96
Mon Mar 18, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

In all fairness, many people have trouble entering the data in their software. I think the trick to this is when you get to the part about Roth conversions, skip it until later. After the non-deductable contribution is reported, then go back and tell the software about the Roth conversion I agree. ...
by hornet96
Mon Mar 18, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 5914

Re: CPA is not including form 8606 for my backdoor Roth

Being a CPA does not equate to being knowledgeable in income tax. I agree. I am a CPA but do not specialize in income tax (and certainly not in personal income taxes). I have learned far more about personal income tax matters (including the backdoor Roth) through this forum, than I ever did in stud...
by hornet96
Mon Mar 18, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 207
Views: 12645

Re: 2019 Hedge Fund Contest

My lone pick (short NVAX) is slated to release their fourth quarter earnings after the closing bell today. If I were investing with "real" money here, I would have probably closed out my 76% gain and taken my winnings home, since my investment thesis here was that I expected their RSV vaccine trial ...
by hornet96
Mon Mar 11, 2019 12:19 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 207
Views: 12645

Re: 2019 Hedge Fund Contest

FYI, it looks like Crypto-O-Currencies Fund from madpunster needs to be updated, to reflect the acquisition of SGYP last week. https://finance.yahoo.com/news/bausch-health-completes-acquisition-certain-140000210.html Thanks for the note. Synergy Pharma (SGYP) filed for bankruptcy towards the end of...
by hornet96
Mon Mar 11, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 207
Views: 12645

Re: 2019 Hedge Fund Contest

FYI, it looks like Crypto-O-Currencies Fund from madpunster needs to be updated, to reflect the acquisition of SGYP last week.

https://finance.yahoo.com/news/bausch-h ... 00210.html
by hornet96
Fri Mar 01, 2019 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Chartered financial analyst
Replies: 4
Views: 464

Re: Chartered financial analyst

I am a CFA Charterholder (and also a CPA, which came first). There are a few others on here that I know of as well). My own experience is probably different than most who have it - I don’t work in investment banking or portfolio management, but rather work in corporate finance (after working mostly ...
by hornet96
Fri Mar 01, 2019 10:28 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 207
Views: 12645

Re: 2019 Hedge Fund Contest

Nice short position on NVAX hornet96! Currently first place. :beer Thanks! A little earlier than anticipated. A big failed Phase III trial today: https://www.biospace.com/article/novavax-rsv-vaccine-fails-to-hit-primary-endpoint-in-phase-iii-trial/ This was my main reason for shorting this stock. B...
by hornet96
Fri Mar 01, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 147
Views: 14121

Re: Why does dividend investing not work?

I read there is a penalty for not paying out any dividends which is why it is paid out. If this is true, then Berkshire Hathaway must be paying huge penalties. :shock: Yes I wondered about that too, but since it has no effect on me I didn't bother checking further into it. I don’t have the referenc...
by hornet96
Thu Feb 28, 2019 11:08 pm
Forum: Forum Issues and Administration
Topic: Keep Bogleheads Free! (as in unaffiliated)
Replies: 52
Views: 5359

Re: Keep Bogleheads Free! (as in unaffiliated)

I understand the point (I think), although it’s kind of an interesting conundrum. This site is the “Bogle” heads, named after Jack Bogle - who created Vanguard. While this site is not “affiliated” with Vanguard, it will almost certainly always be “associated” with Vanguard for that very reason. As i...
by hornet96
Thu Feb 28, 2019 9:49 am
Forum: Personal Consumer Issues
Topic: Going to "cash-only" restaurants?
Replies: 109
Views: 4385

Re: Going to "cash-only" restaurants?

It would be different if I already ate a meal and then the business told me they will not accept my coins (assuming there was no notice before I ate the meal)..... There could be a situation where notice is not given in advance that a business will not accept cash or coins and a business provides a...
by hornet96
Thu Feb 21, 2019 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Family member duped into life insurance -- any recourse?
Replies: 84
Views: 7397

Re: Family member duped into life insurance -- any recourse?

The main issue here is that insurance “agents” generally have no fiduciary responsibilities when selling these kinds of products, unless they are actually a “broker” or happen to have more respectable credentials that require it (RIA, CFA, etc.). https://www.insurancebusinessmag.com/us/news/marine/a...
by hornet96
Fri Feb 08, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10970

Re: Need Help - DW Laid Off and Company wants her back now

imyeti2, Then, your wife should A) Thank X for his/her help regardless of the outcome. Show appreciation. B) Ask X what she should do next? Or, get X to negotiate a good deal to get her back. KlangFool +1. Best advice in this thread. If "X" really supports her as much as she thinks, he will go to b...
by hornet96
Wed Feb 06, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10970

Re: Need Help - DW Laid Off and Company wants her back now

Asking for the 4 months severance, vesting of options immediately, a $100,000 bonus, etc are all great to ask for, but maybe someone in the organization who made the decision to terminate her, might think she is trying to take advantage of the situation. As well she should. The level of utter incom...
by hornet96
Wed Jan 16, 2019 11:46 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50842

Re: John Bogle has died at age 89

A little over 10 years ago, I stumbled my way onto the Bogleheads forum by way of a mention on the old “get rich slowly” blog, when I was mired in debt and had very little understanding of the investment world. From that point on, my life would never be the same, as I discovered the absolute treasur...
by hornet96
Fri Jan 11, 2019 12:55 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 697
Views: 15207

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST

I just thought of a better way. Add LadyGeek's instructions on how to search for duplicates to the Original Post (OP) of this topic and make it conspicuous so it would be hard to miss: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=268318&p=4303407&hilit=search#p4303407 Ok, well I just disco...
by hornet96
Fri Jan 11, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 697
Views: 15207

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST

How can a tie be possible, if only the earliest entry is left, when duplicates are removed? Even if timing is "close", one will have been posted before the other, etc. If the ending S&P value is 2500, and: *Person A guessed 2501 for the year-end value, and *Person B guessed 2499 for the year-end va...
by hornet96
Fri Jan 04, 2019 10:46 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 207
Views: 12645

Re: 2019 Hedge Fund Contest

The Shortcut Fund

Because single short picks are a proven strategy in the Bogleheads hedge fund contests.

Short: Novavax, Inc (NVAX)
by hornet96
Wed Nov 14, 2018 2:46 pm
Forum: Personal Investments
Topic: Vanguard - Cost basis not ACTUALLY switching to SpecID?
Replies: 9
Views: 1068

Re: Vanguard - Cost basis not ACTUALLY switching to SpecID?

UPDATE: Don't know if it was the email I sent (I never got a reply from anyone) or just a couple more days of waiting but the cost basis is fixed now on all 5 of my funds. Hooray! That's good to hear. I've had this exact same problem 3 or 4 times in the past, and every time it took them about 3 wee...
by hornet96
Fri Oct 26, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 19005

Re: Vanguard website "unavailable during weekend of Nov 3"

kotsp wrote:
Fri Oct 26, 2018 3:02 pm
White Coat Investor wrote:
Fri Oct 26, 2018 2:34 pm
Seems like it is already down. Trying to TLH and can't even get an order in today.
Yes, I cannot even buy a MF. The order page is broke.
Yes, I had similar problems when using Chrome. I switched to Firefox and was able to get my TLH orders in.
by hornet96
Thu Oct 11, 2018 11:42 am
Forum: Personal Investments
Topic: Cost basis shows all same price?!
Replies: 5
Views: 592

Re: Cost basis shows all same price?!

I have had the same issue on multiple occasions with Vanguard. You will have to contact them through their secure messaging system and tell them about the problem, which will then take them 3 weeks to fix. I personally always did that before I sold anything, so the cost basis was fixed before I tran...
by hornet96
Mon Aug 20, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7943

Re: Reckless driving ticket in VA-Help!

Charging up is not "exactly what happened to you in your own example". :wink: I never said it was. I was referring to your sentence I bolded in red text. Sorry that wasn't obvious I guess. If the OP was simply charged with speeding like you're saying is possible , why would they be worried about re...
by hornet96
Mon Aug 20, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7943

Re: Reckless driving ticket in VA-Help!

Okay... I'll let the OP answer your questions then..... I think I already know the answers they will give though. If the OP was simply charged with speeding like you're saying is possible , why would they be worried about reckless driving though? Is VA corrupt that they can charge up once it gets t...
by hornet96
Mon Aug 20, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7943

Re: Reckless driving ticket in VA-Help!

What the officer checks off or writes on the ticket as the violation is the CHARGE. Right. Is that written or checked off on the ticket? Have you seen the OP's ticket? Not everyone has said it's normal to "assume" 20 mph is automatically reckless driving. In fact, those familiar with VA traffic sai...
by hornet96
Mon Aug 20, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7943

Re: Reckless driving ticket in VA-Help!

They have been CHARGED with reckless driving. It's in the thread title, folks! :happy I haven't seen anyone mention to just mail in the ticket and pay the fine. Where are you getting that "everyone is assuming" that? Wrong. The thread title says "reckless driving ticket" - you are assuming that the...
by hornet96
Mon Aug 20, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7943

Re: Reckless driving ticket in VA-Help!

I don't feel like doing the research. But, I bet those numbers are from the convictions for reckless driving. Getting the ticket/charge for reckless doesn't equal automatic conviction. It is easier for all involved to plead it down, and I bet that happens a lot more than actual convictions. I agree...
by hornet96
Mon Aug 20, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7943

Re: Reckless driving ticket in VA-Help!

Here are two questions that appear not to have been answered yet: 1) Has the OP actually BEEN CHARGED with reckless driving? 2) Would the MERE FACT that he received a speeding ticket for going >20MPH over the speed limit, without actually being charged with reckless driving, result in a reckless dri...
by hornet96
Fri Aug 17, 2018 10:58 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7943

Re: Reckless driving ticket in VA-Help!

What court are you to appear in - Federal or County? The reason I ask is because if it was in a “national park” area, it will be in federal court. Also, is reckless driving actually stated as a charge on your ticket? The reason I bring this up is because I was in a similar situation about 10 years a...
by hornet96
Wed Aug 15, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 110743

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Since cognitive bias has been invoked numerous times: isn’t criticizing the choices of others, because they don’t match yours a cognitive bias? ;) Not if their choices are only supported by other cognitive biases (data mining, recency bias, representitiveness bias, confirmation bias, loss aversion ...
by hornet96
Wed Aug 15, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 110743

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Wow, this thread has exploded in barely 24 hours! First let me say that 30 years is a somewhat arbitrary time period..... I haven't read every post, but agree with you and others that have pointed out the arbitrary nature of selecting any time period to look at over or under performance of Investmen...
by hornet96
Wed Aug 08, 2018 12:36 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 16135

Re: "Age in Bonds" fails almost everyone

vineviz wrote:
Wed Aug 08, 2018 12:31 pm
It's not a terribly difficult question, I think.
I agree with this actually, hence the simple answers I gave above, which you apparently refuse to read.
by hornet96
Wed Aug 08, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 16135

Re: "Age in Bonds" fails almost everyone

The fact that you are unable (or unwilling) to recognize the fact that discussing the meaning of the word "failure" in the context of asset allocation and meeting retirement goals, in fact, substantive, is telling. Do YOU think "age in bonds" is good asset allocation advice? fails almost everyone? ...
by hornet96
Wed Aug 08, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 16135

Re: "Age in Bonds" fails almost everyone

I'd MUCH prefer that this thread be more focused on a substantive discussion about asset allocation advice and less focused on wordsmithing or tone policing, but I've lived long enough to have learned that we don't always get what we want. The fact that you are unable (or unwilling) to recognize th...
by hornet96
Wed Aug 08, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 16135

Re: "Age in Bonds" fails almost everyone

What is irking me and I think others is that you're implying everyone that give advice other than yours is wrong. Advice given for free on the internet and AA is very personal and there is no one way to do it for everyone. You're coming across like you're the advice police, and that's not cool. Are...