Search found 14 matches

by Toller
Thu Jun 14, 2018 12:45 am
Forum: Investing - Help with Personal Investments
Topic: What do brokerages get out of incentives?
Replies: 7
Views: 794

What do brokerages get out of incentives?

I have accounts with two brokerages, but no real preference. About once a year, they offer me a significant incentive to transfer stock to them. So I move stocks around. It takes 10 minutes and it very profitable. (Well, the return on capital is not big, but in terms of $/hour...) As they must know,...
by Toller
Fri Mar 30, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: File an amended return for $11?
Replies: 7
Views: 789

File an amended return for $11?

I got a corrected 1099div after I filed 3 weeks ago. It shows $80 in extra dividends. Plugging the new figure into H&R Block, it shows that I owe $11 more to the IRS, $1 more to NY, and $2 less to PA. (I moved from NY to PA in September). I want to do what is right, but have trouble believing the IR...
by Toller
Fri Jun 16, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Any good substitutes for Municipal Bonds?
Replies: 3
Views: 930

Any good substitutes for Municipal Bonds?

It just occurred to me that I will be moving from NY to PA later this year, and maybe NYS Municipal Bonds won't be a great investment. I have about half in individual bonds and half in funds. I presume there are PA Municipal bonds I could buy instead, but PA is probably just a year or two, so I don'...
by Toller
Fri Jun 09, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: How am I confused about YTD return?
Replies: 11
Views: 1840

Re: How am I confused about YTD return?

It got more interesting. I looked IJR up on Morningstar. They agree with Ishares that the (trailing total return) NAV YTD return is 2.91% and the expense ratio is 0.07. HOWEVER they agree with Yahoo that the Annual Return Price YTD is -0.30%. (Annual Return NAV YTD is -0.20%) SO, what is the differe...
by Toller
Fri Jun 09, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: How am I confused about YTD return?
Replies: 11
Views: 1840

Re: How am I confused about YTD return?

Okay, I went to Ishares.

They give a YTD return of 2.91%. They also give an expense ratio of 0.07%, rather than Yahoo's 0.12%
Live and learn; I just assumed Yahoo would get it right.

Thanks.
by Toller
Fri Jun 09, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 4851

Re: Son's UTMA account

My 23 year old son has a rather large UGMA account. He knows he has something, but has no idea what. I file his income tax returns. He has never asked about any of this, and I feel is it best to keep it from him as long as possible. (I gave him a 5 year old car for college graduation and he was thri...
by Toller
Fri Jun 09, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: How am I confused about YTD return?
Replies: 11
Views: 1840

How am I confused about YTD return?

I own some IJR.
Yahoo Finance shows the YTD return as -0.30%.
It is up 3.25% for 2017.
The Yield (which I presume is the dividend rate??) is 1.24%
https://finance.yahoo.com/quote/IJR?ltr=1

So how can the YTD return be negative?
Either I am very confused, or Yahoo is crazy.
by Toller
Fri May 26, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: What is "escrow to maturity".
Replies: 7
Views: 908

Re: What is "escrow to maturity".

These are "PUERTO RICO PUB FIN CORP COMWLTH APPROP 06.00000% 08/01/2026 BDS SER. 2001E " I bought them for 1189 and they are currently at 1283. (excuse me if I have decimal places in the wrong place; I find bonds confusing. I have $6,000 worth of them). So I have a good income, and a modest capital ...
by Toller
Thu May 25, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: What is "escrow to maturity".
Replies: 7
Views: 908

Re: What is "escrow to maturity".

Okay let me put some numbers to what you said. PR sells 1000 6% coupon bonds for $1k each. They get $1M and pay $6k interest. Interest rates drop and the bonds go up to $1.5k each. PR would dearly like to call them, but they are not callable. So they sell 1000 3% coupon bonds for $1k each, they get ...
by Toller
Thu May 25, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: What is "escrow to maturity".
Replies: 7
Views: 908

What is "escrow to maturity".

I understand PR is bankrupt. I presume their bonds have lost most of their value. I own one PR bond. It is maintaining its value nicely. Looking though my account, Fidelity says it is "escrow to maturity" and says the the money to redeem it is invested in other bonds in an escrow account. Does that ...
by Toller
Thu Oct 29, 2015 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Account Security?
Replies: 0
Views: 543

Account Security?

I have stocks, bonds, and mutual funds invested at Fidelity. I have read that registered securities belong to me and are secure regardless of what happens at Fidelity, but I don't seen any explanation of what a registered security is. How do I know if my investments are registered? Assuming they are...
by Toller
Mon Oct 07, 2013 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about bonds versus stocks...
Replies: 2
Views: 732

Confused about bonds versus stocks...

I had a professional investment manager, but since he did about the same as the indexes, it seemed silly to pay him 1%, so I took over management. I sold off most of his equities and went into equity index funds, but kept the bonds. It is mainly municipal bonds, but some Fanniemae. The equity and th...
by Toller
Thu Mar 28, 2013 12:04 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel, Wealthfront CIO
Replies: 89
Views: 19187

Re: Burton Malkiel, Wealthfront CIO

(He looks for castles in the air built on firm foundations--that is, companies that have both good fundamentals and a romantic, exciting "story." ) Seems to me, also an apt description of the author. :? Keith I had him for accounting in 1974. He spent as much time talking about Chinese fairytales a...
by Toller
Wed Mar 27, 2013 12:05 pm
Forum: Investing - Theory, News & General
Topic: Why are long term treasuries up today?
Replies: 6
Views: 819

Why are long term treasuries up today?

I sold a big slug of stocks yesterday and bought TLT. Needless to say, I am delighted that it is up 1% while the stock are down; but why?
Nothing much happened today, and 1% seems like an awfully big jump.