Search found 1175 matches

by feh
Tue Apr 17, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding realized/unrealized gains in crypto world
Replies: 33
Views: 1072

Re: Understanding realized/unrealized gains in crypto world

samsoes wrote:
Tue Apr 17, 2018 12:02 pm
I certainly hope the last few posters aren't condoning tax evasion. I believe it's still a crime, regardless if the IRS catches you or not.
+1

Plus, reporting gains is just the right thing to do.
by feh
Tue Apr 17, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding realized/unrealized gains in crypto world
Replies: 33
Views: 1072

Re: Understanding realized/unrealized gains in crypto world

This is unrelated, but all the tax consultants I reached out don't seem to know enough. I was wondering if there is any software which would import all my trade history (for crypto) and export a tax report so that I can compare it with my results. Has anyone seen/used such a thing? cointracking.info
by feh
Tue Apr 17, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: child starting college this fall - what do I need to know & do?
Replies: 13
Views: 1250

Re: child starting college this fall - what do I need to know & do?

Start with familiarizing yourself with the IRS information on possible tax benefits: https://www.irs.gov/newsroom/irs-reminds-parents-students-to-explore-education-resources-on-irsgov Please confirm - looking at that page, you can claim only the AOTC or the Lifetime Learner Credit, but not both. Co...
by feh
Mon Apr 16, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: child starting college this fall - what do I need to know & do?
Replies: 13
Views: 1250

Re: child starting college this fall - what do I need to know & do?

SimonJester wrote:
Mon Apr 16, 2018 4:12 pm

Have you filled out the FAFSA? You mentioned you did not plan on any financial aid, however many school require you to still fill out the FAFSA.
Yup, we completed the FAFSA, even though we knew we weren't gonna get anything.
by feh
Mon Apr 16, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: child starting college this fall - what do I need to know & do?
Replies: 13
Views: 1250

Re: child starting college this fall - what do I need to know & do?

Start with familiarizing yourself with the IRS information on possible tax benefits: https://www.irs.gov/newsroom/irs-reminds-parents-students-to-explore-education-resources-on-irsgov For me, the American Opportunity Tax Credit was the biggest thing to consider. For the first 4 years, I needed to n...
by feh
Mon Apr 16, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: child starting college this fall - what do I need to know & do?
Replies: 13
Views: 1250

child starting college this fall - what do I need to know & do?

Hello folks. My son has decided where to attend. His parents will be paying the full cost (4 years estimated to be $100K). He's our only child, so I'm wondering if there are any resources online that would help us with the financial aspects of attendance. As in, a check list, or topics to consider. ...
by feh
Thu Apr 12, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 164
Views: 19338

Re: 2-year CDs at Vanguard and Fidelity Today

Understood. What I did was in the middle. I sold half of my FSITX position and put 25% into a 2yr CD (2.65%) and 25% into a 3yr CD (2.85%). I'll continue to put money into FSITX via my 401k auto contributions and then look at what the curve looks like in 2-3yrs and either re-roll a CD or move back ...
by feh
Thu Apr 12, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5681

Re: Could you support family on 1 income?

jehovasfitness wrote:
Thu Apr 12, 2018 11:42 am
But for those in a dual-income household could you?
Yes.

My spouse works at the moment, but stayed home w/ our son for the first 12 years of his life. However, my profession provides a fairly high salary (relative to the average American), and we don't live in a HCOL area.
by feh
Thu Apr 12, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 164
Views: 19338

Re: 2-year CDs at Vanguard and Fidelity Today

Question for the experts. I have my 401k and RIRAs all sitting in FSITX (Fidelity Total Intermediate Bond). It currently has a 30d yield of 2.96% and a duration of close to six years. I was thinking about moving all of it into 2yr/3yr CDs. I'd lose ~30bps across the transaction but lower my duratio...
by feh
Fri Apr 06, 2018 9:05 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 164
Views: 19338

Re: 2-year CDs at Vanguard and Fidelity Today

You can get your short-term bond fund SEC yield into the CD ballpark by taking some credit risk in a short-term corporate or investment-grade fund, and that's fine, but the risk-adjusted return of the CD is better by definition, since you aren't taking any credit risk to get the higher yield. I rec...
by feh
Fri Apr 06, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Undecided students and STEM majors
Replies: 51
Views: 3975

Re: Undecided students and STEM majors

Both UCSD and UCSB admissions departments told me that there are size constraints on the number of students admitted to certain majors (chiefly engineering, CS, some physical sciences). So if you come in undeclared you may not get the desired major once you figure that out. At UCSB the admissions o...
by feh
Fri Apr 06, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 164
Views: 19338

Re: 2-year CDs at Vanguard and Fidelity Today

Yeah, I haven't seen anything all that attractive in brokered CDs lately relative to treasuries. In the past I've been able to get more substantial yield premiums that I can now. +1 I have a fair amount of money in a CD that matures in 6 months. If conditions are the same then as they are now, I'll...
by feh
Fri Apr 06, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Are we in bear territory?
Replies: 49
Views: 6100

Re: Are we in bear territory?

TravelforFun wrote:
Fri Apr 06, 2018 4:59 pm
Would like to know what those who retired within the last couple of years think. Is this the sequence-of-return risk retirees are fearful of?
The S&P 500 returned 19% last year, and it's down 2.5% so far this year.

I would think recent retirees should be quite happy.
by feh
Tue Apr 03, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 9725

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

telecaster wrote:
Sat Mar 31, 2018 6:08 am
This just means we switch to different "quantum proof" encryption algorithms though and start the game over.
+1

Quantum computing will not be the end of all encryption techniques.
by feh
Thu Mar 29, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 621
Views: 64778

Re: Picking College and College Scholarships

timmy wrote:
Thu Mar 29, 2018 8:16 am
In terms of Stanford, because it is not a real option yet, it is hard to put a premium on it. Is it worth $10k per year more than the other schools. $20k? $30k?
No. Not when your other choices are excellent schools.
by feh
Tue Mar 27, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 121
Views: 6622

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

willthrill81 wrote:
Tue Mar 27, 2018 4:17 pm
They think that your child getting a benefit is morally equivalent to you getting it.
The child will be attending the same school in either case. The benefit, in the form of less taxation or fewer shares sold, is going to the parent.
by feh
Tue Mar 27, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 121
Views: 6622

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

Obviously, my opinion only... If there is an expectation that the gift will someday (whether next month or 10 years from now) come back to benefit you or your dependents, it is unethical. If I were to gift my son $15k for college tuition with the expectation that he pay me back someday or take care...
by feh
Tue Mar 27, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 121
Views: 6622

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

juno818 wrote:
Tue Mar 27, 2018 2:45 pm
Is this tax evasion or tax avoidance? Still unethical?
Obviously, my opinion only...

If there is an expectation that the gift will someday (whether next month or 10 years from now) come back to benefit you or your dependents, it is unethical.
by feh
Tue Mar 27, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 121
Views: 6622

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

Afty wrote:
Mon Mar 26, 2018 11:46 am
Look at the title of this thread: "Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition." It's pretty clear why the gifting is being done.
+1

Is it illegal? I don't know...but it's unethical, IMO.
by feh
Thu Mar 22, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Building a bridge to Social Security: When to start?
Replies: 34
Views: 3986

Re: Building a bridge to Social Security: When to start?

So, if retiring with $1 million at 65, and given Social Security at age 70 of $30k/year: Transfer 5 years x $30k from the portfolio to the bridge account, leaving $850,000. This generates a 4% SWR of $34,000, which added to $30,000/year from the bridge account provides annual income of $64,000 a ye...
by feh
Thu Mar 22, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: When it comes to financial goals, define short term, medium term and long term?
Replies: 20
Views: 1257

Re: When it comes to financial goals, define short term, medium term and long term?

alex_686 wrote:
Wed Mar 21, 2018 8:58 am
Short term is 2 years or less. Long term is anything longer than 10. Anything else is medium term.
+1

Those are the numbers that came to mind when I read the OP. I'll also go out on a limb and say:

short term: CDs, savings accounts
medium: total bond, CDs
long: equities
by feh
Wed Mar 21, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 213
Views: 34953

Re: guaranteed 5% vs stocks?

Thanks! The name is the same on both accounts. Tried to do it from my saving account, into my insight card. And then tried to do my husband's savings account, into his insight card. Both Amex saving account didn't work. My daughter funded two cards of her insight cards from Amex savings, went throu...
by feh
Wed Mar 21, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 213
Views: 34953

Re: guaranteed 5% vs stocks?

Anyone having trouble funding their insight accounts? I'm trying to do it will amex savings account but the test deposits don't appear in the insight account. Also, if I fund it with paypal, how do I withdraw the money down the road with I need it. Make sure the names on the both accounts (where th...
by feh
Mon Mar 19, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: Is this tax loss harvesting?
Replies: 15
Views: 1522

Re: Is this tax loss harvesting?

Index investors can most certainly take advantage of TLH. Some examples: for foreign equities, purchase something that follows a different index for US equities, replace total market w/ S&P 500 plus the Russell index In either of these cases, the replacement is substantially different, but the perfo...
by feh
Sun Mar 18, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: how to approach downsizing/relocating
Replies: 19
Views: 1796

Re: how to approach downsizing/relocating

Thanks for the replies thus far everybody.

Do folks seem to agree that for getting information on these communities our best bet is online forums? Our initial question is whether we'd want to work with somebody if we visit the area for a few days, or if we should just explore by ourselves.
by feh
Sun Mar 18, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: how to approach downsizing/relocating
Replies: 19
Views: 1796

how to approach downsizing/relocating

Hello folks. If somebody could point me to another forum where this kind of question is the focus, I'd appreciate it. However, I thought I'd post here first, as I trust the boglehead community... My wife and I will be empty nesters before long, and we are looking to move several states away (to Colo...
by feh
Wed Mar 14, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: Is this tax loss harvesting?
Replies: 15
Views: 1522

Re: Is this tax loss harvesting?

Suppose I bought 100 shares each worth $10. I kept it for a few years and it appreciated to $12. I now sell enough stocks to get my principle amount back. Let's say 84 shares sold at 12 which gives me my initial investment and then some. $1008. I now hold the rest of the shares for an year or so bu...
by feh
Tue Mar 13, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: How banks create money, not from deposits
Replies: 132
Views: 11091

Re: How banks create money, not from deposits

S_Track wrote:
Sat Mar 10, 2018 9:15 am

Is this really how it works?
You may find this illuminating:

https://www.youtube.com/watch?v=PHe0bXAIuk0
by feh
Mon Feb 19, 2018 1:30 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

Some are, but that's a pretty broad brush. Yes, that's pretty broad, but I still agree with it. Some of the shadiness is the outright fault of the exchange, some of it is associated with the anonymous nature of crypto, some with the lack of regulation, and some is just the attraction of spoofing op...
by feh
Mon Feb 19, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

Jonathan wrote:
Mon Feb 19, 2018 12:17 pm
Much as I enjoy a good forum fracas, both positions are correct:

1. Exchanges are shady.
Some are, but that's a pretty broad brush.
by feh
Wed Jan 31, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Household Assets 1972-1982
Replies: 10
Views: 1804

Re: Household Assets 1972-1982

I've also seen data that only 5% of households owned stocks in 1980, so the above 11% in equities is kind of skewed higher by high dollar amounts in equities by those 5% of households (probably high income for the most part). I wasn't investing in the 70s (or the 80s), but I think that was a differ...
by feh
Tue Jan 30, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

Epsilon Delta wrote:
Tue Jan 30, 2018 3:39 pm
grayfox wrote:
Tue Jan 30, 2018 1:35 pm
Bitcoin in Freefall! :D
"Freefall" is an understatement. Powerdive with the throttle to the firewall would be closer.
Everything is relative. Is it abrupt compared to the S&P 500? Sure. Is it significantly different from the price change of bitcoin in the past? No.
by feh
Sat Jan 27, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 13009

Re: When did the bad news start in 2008?

Not trying to time the market here. Yes; yes you are. Here's a nice read from that time period: https://www.bogleheads.org/forum/viewtopic.php?t=25126 Here's another thread where the OP thought we might be near the top: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=203792 OP - don't try to ...
by feh
Sat Jan 27, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 12969

Re: Starting to feel like the late 1990s?

I find it harder to stick to my AA in up markets like this than in down markets. I am very tempted to try and market time despite knowing better when riding a wave up like this. Wasn't invested in the late 90's, didn't buy my first stock until 2000...I "know" the price today could be the best I wil...
by feh
Wed Jan 24, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: should I incorporate?
Replies: 1
Views: 145

should I incorporate?

Hello folks. I've been working for the same company for 10 years. In 2016, I started working part time as a transition to full retirement. I planned on working part time for maybe a year. When I went part time, I lost most benefits (vacation, sick time, health insurance), but I'm still able to contr...
by feh
Tue Jan 23, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: What is the best home exercise equipment?
Replies: 151
Views: 14393

Re: What is the best home exercise equipment?

Bacchus01 wrote:
Wed Jan 17, 2018 11:27 pm

Why in the world would you need all that? Starting a gym?
+1

My exercise equipment: inexpensive road bike, free weight bench and running shoes.
by feh
Tue Jan 23, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: How much house can we afford (Madison WI area)?
Replies: 25
Views: 2393

Re: How much house can we afford (Madison WI area)?

Hi Bogleheads, Long time lurker to the forum and certainly have learned a lot. Would really appreciate your thoughts/input regarding how much house we can afford. We are planning to buy a house in the Madison/Middleton, WI area either this or next year, and can't decide how much we should spend. Th...
by feh
Mon Jan 22, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

technovelist wrote:
Mon Jan 22, 2018 10:36 am
Sounds pretty fishy to me.
Tether definitely sounds fishy. However, it would take more to convince me that tether is what has been driving up the price of bitcoin.
by feh
Mon Jan 22, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

paywall

Does the author have any evidence, or is it based on assumptions?
by feh
Mon Jan 22, 2018 7:33 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

No, it is a problem with bitcoin, because if the people who run Tether are using their freshly printed "money" to buy bitcoin, that can drive the price of bitcoin up to unsustainable levels. The same would be true of any asset that can be purchased with "money" that can be produced in unlimited sup...
by feh
Sun Jan 21, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

Tether, Bitcoin, ... , I use my credit card, get reward points, converted them into cash, and went on with my life with currency that is actually able to be used Can you explain the appeal of converting actual money into “cryptocurrency”? Serious request, I’m really trying to understand why this cr...
by feh
Sun Jan 21, 2018 8:39 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

The paper says that trading in cryptos is done OTC. Not through a regulated exchange. No regulation. :idea: :?: I am left wondering if bitcoin prices we see quoted are real. I'm pretty sure they are fake, driven by "Tether", which appears to be totally fraudulent, if this is correct: https://www.re...
by feh
Sun Jan 21, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 199
Views: 26715

Re: Buying and Spending Bitcoin

The paper says that trading in cryptos is done OTC. Not through a regulated exchange. No regulation. :idea: :?: I am left wondering if bitcoin prices we see quoted are real. I'm pretty sure they are fake, driven by "Tether", which appears to be totally fraudulent, if this is correct: https://www.re...
by feh
Mon Jan 08, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Early Retirement Planning Strategy
Replies: 16
Views: 2486

Re: Early Retirement Planning Strategy

Did it. Never considered an annuity. What did work was investing by maxing tax-advantaged accounts each year and also investing at least as much in a taxable account every year. So I think a regular taxable account invested tax-efficiently is much better than an annuity. +1 As a result, at age 51 a...
by feh
Fri Jan 05, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Cryptocurrency Exit Strategy
Replies: 52
Views: 4821

Re: Cryptocurrency Exit Strategy

You could say "sell half when I have 2xed my money" for example. I prefer something more like "sell 1/5 when I have 5xed my money". Then repeat if it goes up 10 and 20 times your original cost. This assumes this is what you hope will happen. :wink: :wink: +1 Assuming the amount you put into XRP is ...
by feh
Thu Jan 04, 2018 3:26 pm
Forum: Personal Consumer Issues
Topic: Car headlights or Daytime Running Lights - what do you do?
Replies: 62
Views: 3907

Re: Car headlights or Daytime Running Lights - what do you do?

DRLs drive me crazy. I feel they do more harm than good.

During daylight, my lights are off.
by feh
Sun Dec 24, 2017 1:16 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12581

Re: Help Me [Recover] My Bitcoin!

monsterid wrote:
Sun Dec 24, 2017 11:49 am
I thought he said he has the wallet ID and password?
He created a new wallet. He does not have access to the wallet used to receive the funds.
by feh
Fri Dec 22, 2017 12:22 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12581

Re: Help Me [Recover] My Bitcoin!

queso wrote:
Fri Dec 22, 2017 11:15 am

Honestly, I don't know how people with any significant percentage of their net worth in this stuff can handle the swings.
Which leads us to bitcoin axiom #1 - whatever funds one puts into cryptos should be money they are willing to lose. It's pure speculation.
by feh
Fri Dec 22, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12581

Re: Help Me [Recover] My Bitcoin!

monsterid wrote:
Fri Dec 22, 2017 10:05 am
I'm not joking.

I have blockchain.info wallet and I use gemini to buy/sell. This is literally how I do it.
Yes, when you have the wallet that was used to receive the funds. The OP does not.
by feh
Fri Dec 22, 2017 8:12 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 12581

Re: Help Me Cash Out My Bitcoin!

I can help you do this for a small fee =) (joking). 1.Go to www.gemini.com -> signup for an account, then goto Transfer Funds -> Deposit to Exchange -> BTC and copy the address you are given 2. Login to Blockchain.info Click on your "bitcoin wallet". Select "Send", past in the address you go from G...