Search found 134 matches

by animule
Fri Feb 08, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Adding to amount shown in in Box 1 of 1098-T - OK, or not?
Replies: 13
Views: 740

Re: Adding to amount shown in in Box 1 of 1098-T - OK, or not?

How about a 1098-T with Box 1 blank, and Box 2 filled in with the amount that should be in Box 1?

How does one handle this?

I have received 1098-T statements before, but they always had an amount in box 1. This one does not. Amount billed is in box 2.

Any thoughts on how to handle this?
by animule
Mon Dec 24, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10240
Views: 1806297

Re: U.S. stocks in free fall

... Again, this is beginning to feel similar to September 2018 to me. All that is missing is big news about layoffs, bankruptcies, and unexpected financial land mines going off. That stuff may be coming... Stock prices are falling, that's similar, but the overall economy is doing pretty good, and t...
by animule
Mon Dec 24, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10240
Views: 1806297

Re: U.S. stocks in free fall

... Again, this is beginning to feel similar to September 2018 to me. All that is missing is big news about layoffs, bankruptcies, and unexpected financial land mines going off. That stuff may be coming... Stock prices are falling, that's similar, but the overall economy is doing pretty good, and t...
by animule
Mon Dec 24, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10240
Views: 1806297

Re: U.S. stocks in free fall

It just feels like today's big selloff of over 650 points was sheer panic. It feels like confidence is shot. Again, this is beginning to feel similar to September 2018 to me. All that is missing is big news about layoffs, bankruptcies, and unexpected financial land mines going off. That stuff may be...
by animule
Fri Dec 21, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10240
Views: 1806297

Re: U.S. stocks in free fall

This is beginning to feel way too much like 2008.

I remember the feeling - withering losses like this for weeks on end.

Stock up on Maalox.
by animule
Thu Nov 15, 2018 10:33 pm
Forum: Personal Investments
Topic: Tax-Exempt Bond Funds Kicking Off Capital Gains
Replies: 7
Views: 1091

Re: Tax-Exempt Bond Funds Kicking Off Capital Gains

Thanks, Grabiner. One thing that occurred to me in thinking about fund turnover is that the recommendation that is often made on Bogleheads to harvest tax losses is likely to perpetuate tax-exempt bond funds racking up capital gains because it encourages more churn, fund turnover, and the selling of...
by animule
Wed Nov 14, 2018 10:03 am
Forum: Personal Investments
Topic: Tax-Exempt Bond Funds Kicking Off Capital Gains
Replies: 7
Views: 1091

Re: Tax-Exempt Bond Funds Kicking Off Capital Gains

Thanks for the response, Minesweep. While the numbers are not huge, the entire situation just fries me to the point where Vanguard and other fund companies should be required to change the name of these funds from "tax exempt" to something less suggestive that they will never generate any tax liabil...
by animule
Wed Nov 14, 2018 7:59 am
Forum: Personal Investments
Topic: Tax-Exempt Bond Funds Kicking Off Capital Gains
Replies: 7
Views: 1091

Tax-Exempt Bond Funds Kicking Off Capital Gains

I am a shareholder in the New York Long-Term Tax-Exempt Admiral fund (VNYUX). For the second year in a row, this fund is distributing a capital gain that will give me about $2k in unwanted capital gains. I invested in this fund to generate tax-exempt income; not pay capital gains taxes, especially w...
by animule
Sat Sep 15, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12313

Re: Age in Bonds - Still Recommended?

We're ten years into a bull market that has made people forget about the financial crisis of 2008. Stock gains have been fueled by free money (effectively 0% interest rates) by the federal government for an unprecedented length of time. Check out the chart below: https://www.macrotrends.net/2015/fed...
by animule
Thu Sep 13, 2018 7:13 am
Forum: Personal Consumer Issues
Topic: Buying a house 1 mile away from a municipal landfill
Replies: 43
Views: 3782

Re: Buying a house 1 mile away from a municipal landfill

You would be wise to avoid buying this house. One mile away is too close. Google "High Acres Landfill" in Fairport, NY and check out how this landfill began taking enormous quantities of garbage from New York City and has seen a spike in odor incidents. A number of housing developments were built 1 ...
by animule
Sat Jul 14, 2018 11:19 am
Forum: Personal Investments
Topic: many differences in small cap indexes
Replies: 26
Views: 1770

Re: many differences in small cap indexes

Regarding the S&P 600 index, I don't think anyone has mentioned this, but the index was able to avoid a lot of the dot-com carnage around 1999 because it has a requirement that companies in the index have at least three consecutive years of earnings or at least three years of earnings. I believe thi...
by animule
Sun Jun 10, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5766

Re: daughter wants a college transfer?

Cornell is notorious for its suicide rate. The area is known for its gorges, and some of those that are either on or close to the campus have nets to discourage kids from jumping. I have a neighbor that graduated from Cornell just a few weeks ago. One of her classmates jumped from a bridge into a go...
by animule
Fri Apr 13, 2018 4:52 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 55003

Re: Name something you had to have and now you regret purchasing it?

T. Rowe Price Science and Technology Fund a year or two before the tech bubble burst, way before I found Bogleheads.

Bought it to sock away college money for the kids.

Ended up getting an expensive education on sector funds.

Avoid them at all costs.
by animule
Thu Feb 01, 2018 5:22 pm
Forum: Personal Investments
Topic: Employer merging old 401k plan into new one: can I do IRA rollover?
Replies: 3
Views: 253

Re: Employer merging old 401k plan into new one: can I do IRA rollover?

Thanks for the replies. My concern is not necessarily about the quality of investments with the new 401k company. I am more concerned about their record keeping, or perceived lack of it. I inquired about beneficiary forms with the new company and they answered me as if I was from Mars or something. ...
by animule
Thu Feb 01, 2018 4:16 pm
Forum: Personal Investments
Topic: Employer merging old 401k plan into new one: can I do IRA rollover?
Replies: 3
Views: 253

Employer merging old 401k plan into new one: can I do IRA rollover?

Wise Bogleheads, The UK-based company I work for is changing their 401k plan. We have had the plan for maybe two years; the new plan looks okay, but the funds are not an exact match with what I have now. Current fund is 100% in Vanguard Wellington fund which I like. I am 55 years of age, if that mat...
by animule
Fri Jan 05, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 30304

Re: Hitting The Sell Button

The mere existence of this thread and the relatively large number of comments in a short time suggest that an imminent drop in the market that many perceive to be possible (otherwise why would so many be "hitting the sell button") may not be so imminent. Markets climb a "wall of worry" and it looks ...
by animule
Fri Dec 22, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 66312

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Thanks, guys. We have a chance in the county I live in in New York State to pre-pay the county tax, which I will do since I will lose out on the deduction in 2018 since it is capped at $10k. A lot of the reporting on these changes implies the $10k cap only applies to property taxes; I did not realiz...
by animule
Fri Dec 22, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 66312

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Dumb question; apologies if answered earlier. I do not understand the $10k limit on state and local tax deductions. I looked at my 2016 return and deducted around $10k in New York State income tax, and another $6,000 for property taxes. I am not clear if the $10k limit is for just property taxes, or...
by animule
Tue Dec 19, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 8385

Re: Can I afford it: Dodge Challenger

Average annual insurance for this car is around $1,600.

http://blog.credit.com/2017/02/are-fast ... re-166373/

I'd pass.
by animule
Tue Dec 19, 2017 10:40 am
Forum: Personal Investments
Topic: Year End Distribution for ACINX
Replies: 10
Views: 888

Re: Year End Distribution for ACINX

munemaker- Looks like LAIAX (class A) shares are payable 12/18. The range of the cap gains distributions is 5.49%-5.81% of NAV for class A shares. I would think (though I don't know) that it would be the same for institutional shares. https://www.columbiathreadneedleus.com/content/columbia/pdf/2017...
by animule
Fri Dec 01, 2017 6:08 pm
Forum: Personal Investments
Topic: Reached 4M target. Taking money off table. Advice?
Replies: 120
Views: 23387

Re: Reached 4M target. Taking money off table. Advice?

Interesting thread. What the original poster does is up to him, but what I did after I "won the game" in my mid-50s was bring my stock allocation way down. It currently stands between 35% and 40%. I am just looking for enough in stocks to beat inflation. The remainder is in bonds, municipal bonds, I...
by animule
Mon Jul 31, 2017 7:13 am
Forum: Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 179
Views: 22362

Re: Tesla - next big lottery ticket ?

I am surprised that nobody seems to have mentioned Solar City in this thread. Solar City is a mess, and it seems to be getting worse. http://buffalonews.com/2017/06/23/750-million-question-solar-panel-jobs/ Then SolarCity, which had built a dominant market share as the nation's largest installer of ...
by animule
Thu May 11, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: Muni risks other than interest rates
Replies: 7
Views: 1456

Re: Muni risks other than interest rates

The most obvious risk is default risk. It hasn't happened in a long, long time, but perhaps Connecticut will put an end to that streak at some point.
by animule
Mon Apr 10, 2017 7:00 am
Forum: Investing - Theory, News & General
Topic: Death of retail/malls to affect REITs?
Replies: 69
Views: 8824

Re: Death of retail/malls to affect REITs?

To add to the post above, here is a "dead mall" located in the area where I live. When this mall debuted in the 1990s, it was the prettiest mall in the area. http://www.deadmalls.com/malls/irondequoit_mall.html There are three other major malls in the surrounding area, and two of them have lost grou...
by animule
Sun Apr 09, 2017 8:48 pm
Forum: Personal Investments
Topic: Buying high yielding Bonds 5-10%
Replies: 21
Views: 2443

Re: Buying high yielding Bonds 5-10%

I am an ex-customer of Frontier, based in a city that was the original home of Frontier. I would not touch Frontier bonds with a ten foot pole. The company has chronically under-invested in its core technology and is milking the cash cow until the cow comes up dry. After being without Frontier DSL s...
by animule
Thu Jan 19, 2017 8:17 am
Forum: Investing - Theory, News & General
Topic: An index isn't an index isn't an index...
Replies: 23
Views: 3735

Re: An index isn't an index isn't an index...

The S&P 600 is a superior index for small caps, mainly because of the earnings requirement (four consecutive quarters of positive earnings) which screened out a lot of internet startups trading at huge valuations with no profits around 2000, just before they cratered and cost investors tons of money...
by animule
Tue Jan 10, 2017 11:58 am
Forum: Personal Consumer Issues
Topic: Anyone else having trouble with unrequested CVS auto-refills?
Replies: 55
Views: 9015

Re: Anyone else having trouble with unrequested CVS auto-refills?

Wow. I thought I was the only one. I have a prescription with them where I split pills and take the split pill every other day, which means you cannot do the "auto refill." I have told them a bunch of times to stop doing it, and I still get texts and phone calls pestering me to refill it. It seems l...
by animule
Fri Dec 02, 2016 7:46 am
Forum: Personal Investments
Topic: Pulling the trigger on TLH of muni bond fund
Replies: 3
Views: 451

Re: Pulling the trigger on TLH of muni bond fund

Thanks, Livesoft. Looking forward to seeing you go over 50k posts soon.
by animule
Fri Dec 02, 2016 7:29 am
Forum: Personal Investments
Topic: Pulling the trigger on TLH of muni bond fund
Replies: 3
Views: 451

Re: Pulling the trigger on TLH of muni bond fund

Apologies for the re-post, but I should have rephrased the original post as a question. Is there anything materially wrong with the plan to tax loss harvest from the NY long-term municipal bond fund and re-invest back into the fund after the 30 day period expires in early January? Last purchase in t...
by animule
Thu Dec 01, 2016 8:46 pm
Forum: Personal Investments
Topic: Pulling the trigger on TLH of muni bond fund
Replies: 3
Views: 451

Pulling the trigger on TLH of muni bond fund

I have never tax loss harvested a municipal bond fund before, and want to make sure i have my ducks in a row before I pull the trigger on this. Here are the facts as of December 1st. - NY long-term muni fund is down 6% since October 3rd. - Interest rate has risen from 1.65% on October 3rd to 2.33% a...
by animule
Sun Oct 16, 2016 9:57 pm
Forum: Personal Consumer Issues
Topic: Least expensive iPhone
Replies: 65
Views: 7150

Re: Least expensive iPhone

Bought an iPhone 5s at Target for Tracfone a couple of months ago. Was around $200 with a "free" 60 minutes card. Phone was a new unit.
by animule
Sun Oct 16, 2016 9:53 pm
Forum: Personal Consumer Issues
Topic: Road Scholar trip to Cuba - Need practical advice
Replies: 21
Views: 2607

Re: Road Scholar trip to Cuba - Need practical advice

Heard from someone who traveled there in past year - bring toilet paper - especially outside of your hotel.
by animule
Thu Jun 09, 2016 11:09 am
Forum: Personal Investments
Topic: 529 Plan Bo-Boo - Over-funded by $2k, need advice
Replies: 21
Views: 1945

529 Plan Bo-Boo - Over-funded by $2k, need advice

I have a 529 plan account for one of our kids and have invested $16k in the fund for 2016 without realizing that the gift tax limit is $14k. Is there anything I can do about the $2k overage? I have another child's 529 that has funding room for 2016, but I'm not sure if any of the $16k can be shifted...
by animule
Thu May 12, 2016 6:56 am
Forum: Personal Investments
Topic: Muni-bond holdings getting hit by "full calls", questions
Replies: 8
Views: 1984

Re: Muni-bond holdings getting hit by "full calls", questions

Thanks for all of the responses, Bogleheads. Owning individual municipal bonds sounds like running your own mutual fund - something I have no interest in ever doing. I'll invest the "full call" bond money into Vanguard municipal bond funds and leave it at that.
by animule
Wed May 11, 2016 4:59 pm
Forum: Personal Investments
Topic: Muni-bond holdings getting hit by "full calls", questions
Replies: 8
Views: 1984

Muni-bond holdings getting hit by "full calls", questions

Hi Bogleheads, I have a portfolio of New York state municipal bonds that seems to be self-liquidating. In just the past week, I have received "full calls" for bonds in the portfolio totaling about 8% of the portfolio's total value. The bonds were acquired as part of an inheritance and generally pay ...
by animule
Sat Feb 27, 2016 11:58 am
Forum: Personal Consumer Issues
Topic: Identify theft issue: Mother-in-law gave out SS# to scammers
Replies: 6
Views: 1426

Re: Identify theft issue: Mother-in-law gave out SS# to scammers

Thanks for the advice, everyone. I will suggest that she freeze her credit. This may help stem some of the damage.
by animule
Sat Feb 27, 2016 11:09 am
Forum: Personal Consumer Issues
Topic: Identify theft issue: Mother-in-law gave out SS# to scammers
Replies: 6
Views: 1426

Identify theft issue: Mother-in-law gave out SS# to scammers

Wise Bogleheads, Looking for some advice on how to handle a situation with my mother-in-law that cropped up earlier today. She apparently got an email from Apple that said her account would be cancelled unless she updated her details. One of those details was her Social Security number. She gave the...
by animule
Sun Feb 14, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bond premium on tax-exempt bond question
Replies: 12
Views: 8174

Re: Bond premium on tax-exempt bond question

Thanks for the responses. I assume this means that the "amortized bond premium" for tax-exempt bonds should NOT be listed as an investment expense on my taxes. Correct?
by animule
Sun Feb 14, 2016 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Bond premium on tax-exempt bond question
Replies: 12
Views: 8174

Bond premium on tax-exempt bond question

I inherited a portfolio of municipal bonds about a year ago, and have a question about what to make of line 13 in my 1099-INT form for the portfolio which goes under the heading "bond premium on tax-exempt bond." It isn't clear to me if the number here is just for information purposes for a tax exem...
by animule
Sat Sep 26, 2015 11:51 am
Forum: Personal Investments
Topic: Northwestern Mutual - investment advice
Replies: 39
Views: 13903

Re: Northwestern Mutual - investment advice

This is a shark attack - all the way. You go to a person that sells insurance for a living in search of investment advice and - surprise, surprise - he recommends you buy all kinds of insurance. This is like going to a barber and asking if you need a haircut, or going to an automobile dealer and ask...
by animule
Fri Aug 21, 2015 8:48 am
Forum: Investing - Theory, News & General
Topic: Potential Energy Downside?
Replies: 27
Views: 2969

Re: Potential Energy Downside?

You are neglecting one factor that is likely to kick energy stocks in the gut at exactly the wrong time - dividends. Exxon Mobil has a dividend yield that is pushing 4%. Other oil companies have even higher dividend yields as stock prices in the sector have cratered. I don't think these companies ca...
by animule
Thu Jul 16, 2015 7:11 am
Forum: Investing - Theory, News & General
Topic: 20 yr review of Mel's Unloved Midcaps
Replies: 23
Views: 5917

Re: 20 yr review of Mel's Unloved Midcaps

The reason that the Vanguard Mid Cap fund did better than most in the 1999 to early 2000's period was because it tracked the S&P Mid Cap 400 index which required companies to post consecutive periods of earnings before gaining inclusion into the index. This is the same requirement that helped the S&...
by animule
Wed Jul 01, 2015 9:45 pm
Forum: Investing - Theory, News & General
Topic: The Fund Name is Not Enough
Replies: 24
Views: 3537

Re: The Fund Name is Not Enough

Oppenheimer has been pulling this garbage for a while now. Forbes documented it in 2013. http://www.forbes.com/sites/jakezamansky/2013/10/28/the-puerto-rican-bond-plot-thickens/ Puerto Rico has a struggling economy and is facing a staggering burden of unfunded pension liabilities. But some municipal...
by animule
Wed Jun 24, 2015 7:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Tax-Managed Small-Cap Fund
Replies: 15
Views: 3093

Re: Vanguard Tax-Managed Small-Cap Fund

Great thread. I thought I was the only one that used the Vanguard Tax-Managed Small-Cap Fund in a tax advantaged account, but I guess not. I bought the fund specifically because it tracks the S&P Small Cap 600. After the tech crash, I looked at what worked and what didn't, and it was clear at that t...
by animule
Sun Apr 26, 2015 4:16 pm
Forum: Personal Investments
Topic: Why is international mid cap such an unloved asset class?
Replies: 6
Views: 641

Re: Why is international mid cap such an unloved asset class

Good answers so far. I really don't have much in international mid/small. Investment there is some in GWX ETF and some in ACINX mutual fund. I had a fairly large investment in US small caps that I have let drift down as I have invested more in other areas, but the drift down is low enough that I nee...
by animule
Sun Apr 26, 2015 2:47 pm
Forum: Personal Investments
Topic: Why is international mid cap such an unloved asset class?
Replies: 6
Views: 641

Why is international mid cap such an unloved asset class?

For my stock portfolio, I try to maintain some balance between large, mid- and small cap stocks. This is easy to do for US stocks, but there seems to be a dearth of good offerings in the international mid-cap space since I want to maintain a US/international split across all three capitalization ban...
by animule
Thu Apr 23, 2015 8:15 pm
Forum: Personal Consumer Issues
Topic: Drive a local car, rent for trips ?
Replies: 40
Views: 4934

Re: Drive a local car, rent for trips ?

It depends on the length of the trip. My daughter attends college about 8 hours away. I use the "regular" car for the fall drop-off and end of year pick-up where I need to haul a lot of stuff there and back, but rent cars otherwise. There's a variety of reasons for this that may be unique to my expe...
by animule
Thu Mar 26, 2015 12:49 pm
Forum: Personal Investments
Topic: Worst performing asset class since 2008
Replies: 3
Views: 1196

Worst performing asset class since 2008

Hi Everyone, I'm looking to invest a modest amount of new money in the worst performing stock asset class since the financial crisis of 2008 (within the confines of my asset allocation). I'm just not sure what that might be. It may be emerging markets, based on the chart below, but I am looking for ...
by animule
Tue Dec 02, 2014 8:25 pm
Forum: Investing - Theory, News & General
Topic: "Small-Cap Performance Edge on the Wane"
Replies: 99
Views: 9151

Re: "Small-Cap Performance Edge on the Wane"

Excellent thread. I have been tracking small cap stocks for a long time, and one thing that seems to be taking place is a big separation in performance between U.S. small caps, and international small caps. Check out the performance for Vanguard's VTMSX (tax managed small cap - tracks the S&P Smallc...
by animule
Fri Oct 31, 2014 6:31 am
Forum: Personal Investments
Topic: Tax consequences of UGMA account transfer to former minor
Replies: 13
Views: 2113

Re: Tax consequences of UGMA account transfer to former mino

Also be aware that a student in her graduation year may have a marginal tax rate on LTCG as high as 41% if she happens to be in the Lifetime Learning Credit phaseout and NY, so the timing of a sale should be considered carefully. The account is for my daughter and she did graduate from college this...