Search found 1616 matches

by Tanelorn
Mon Nov 18, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: ?wash sale to extract capital losses from IRA's?
Replies: 15
Views: 1143

Re: ?wash sale to extract capital losses from IRA's?

Note that RR 2008-5 refers solely to IRA accounts. https://www.irs.gov/pub/irs-drop/rr-08-05.pdf The RR attached above says nothing to suggest that non IRA plans are subject to this ruling, and the IRS has also not added such a suggestion in the 11 years since the ruling was released. I think OP's ...
by Tanelorn
Wed Oct 30, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Individual bonds with big gains
Replies: 14
Views: 1184

Re: Individual bonds with big gains

I’m not an expert on bond taxation, but it might be better to sell and pay long term capital gain rates now and redeploy than waiting to lose the premium at maturity and get taxed on interest along the way.
by Tanelorn
Fri Oct 25, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: ACA 2020 pricing [What's your 2020 pricing?]
Replies: 38
Views: 4043

Re: ACA 2020 pricing [What's your 2020 pricing?]

If you want to buy an unsubsidized Silver plan, you should buy an identical plan off-exchange at a lower price. If you want to buy a subsidized plan without cost-sharing, you should buy the Bronze plan. Only people who get cost-sharing should buy the Silver plan on-exchange, but they're not paying ...
by Tanelorn
Thu Oct 24, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: ACA 2020 pricing [What's your 2020 pricing?]
Replies: 38
Views: 4043

Re: ACA 2020 pricing

My group (non-ACA) PPO plan is going up 15% for next year, no word yet on higher deductibles, network changes, or similar non-headline costs. “Premiums for ACA Health Plans Are Set to Drop in 2020” https://www.wsj.com/articles/premiums-for-aca-health-plans-are-set-to-drop-in-2020-11571749200 Overall...
by Tanelorn
Sun Oct 20, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 9862

Re: Advice: Windfall Makes Working Worse Than Not Working

Sounds like the CA government wants to pay you handsomely to leave for at least a year. I would take them up on it if it’s not too big an inconvenience to your longer term work/career plans.
by Tanelorn
Sat Oct 12, 2019 12:45 pm
Forum: Investing - Theory, News & General
Topic: A great example of single stock risk
Replies: 51
Views: 5532

Re: A great example of single stock risk

To be honest, anyone who invests in utilities would never go near PG&E. It is in a hopeless situation in possibly the worst regulatory climate in the country. This is a well known fact and nothing new. Right. I mean, you’ve got to really not be paying attention not to know PCG has been in bankruptc...
by Tanelorn
Fri Oct 11, 2019 7:17 am
Forum: Investing - Theory, News & General
Topic: A great example of single stock risk
Replies: 51
Views: 5532

Re: A great example of single stock risk

To be honest, anyone who invests in utilities would never go near PG&E. It is in a hopeless situation in possibly the worst regulatory climate in the country. This is a well known fact and nothing new. Right. I mean, you’ve got to really not be paying attention not to know PCG has been in bankruptc...
by Tanelorn
Thu Oct 03, 2019 7:50 pm
Forum: Personal Investments
Topic: How Do I Get Out Of 61 Stock Positions?
Replies: 15
Views: 1582

Re: How Do I Get Out Of 61 Stock Positions?

I fired my investment manager who had two money managers actively trading stocks and attempting to beat a mid-cap and small-cap index respectively. I should note that I currently have no loses in the account. I sold those positions as well as several positions that had small gains. So, effectively,...
by Tanelorn
Thu Oct 03, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 51990

Re: Interactive Brokers (Best Kept Secret)

No. By your argument, if you have a $1m asset, you can borrow $6.6m? If you haven’t borrowed against the $1M so far, yes. This would mean that the financial institution is giving you a loan that is larger than the collateral ($1m) they have. That’s correct, becuase once you use it to buy more stock...
by Tanelorn
Thu Oct 03, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 51990

Re: Interactive Brokers (Best Kept Secret)

indexfundfan wrote:
Thu Oct 03, 2019 10:04 am
No. By your argument, if you have a $1m asset, you can borrow $6.6m?
If you haven’t borrowed against the $1M so far, yes.
by Tanelorn
Thu Oct 03, 2019 9:55 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 51990

Re: Interactive Brokers (Best Kept Secret)

You guys are saying the same thing. Borrowing 6.6x your equity is the same as having up to 85% debt/assets (when you’re financing most of your asssets via margin). Except that HEDGEFUNDIE asked about "borrowing 666% of your assets ", not 666% of your equity . Here is his question: Put another way, ...
by Tanelorn
Sun Sep 29, 2019 7:06 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 51990

Re: Interactive Brokers (Best Kept Secret)

You guys are saying the same thing. Borrowing 6.6x your equity is the same as having up to 85% debt/assets (when you’re financing most of your asssets via margin). The margin requirements are lower than 15% for some larger ETF (9-10%), and lower still for futures and treasuries. Of course all those ...
by Tanelorn
Thu Sep 05, 2019 12:18 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

I shorted Netflix today in my non-spreadsheet portfolio, mainly because I wanted to know what the broker would charge me to loan shares and I couldn't find the answer anywhere. Sure, I could have called support, but my way is more fun. :twisted: NFLX is easy to borrow and has been all year. If you ...
by Tanelorn
Tue Jul 09, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to obtain contracted rates for medical procedures?
Replies: 97
Views: 4466

Re: How to obtain contracted rates for medical procedures?

A recent executive order from last month should help with pricing transparency in healthcare. Supposedly in another 1-2 months, HHS will have rules for the insurance companies and healthcare providers (not that they will be happy about that). https://www.whitehouse.gov/presidential-actions/executive...
by Tanelorn
Wed Jun 19, 2019 1:23 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

aristotelian wrote:
Wed Jun 19, 2019 11:02 am
My pick INSY has been delisted. Am I frozen?
It’s trading today as INSYQ, a new ticker because it went bankrupt and got delisted. I’ll update the spreadsheet and you can continue to hold your position (or close it) as you like. Last price was about $0.20, down by 30% or so from yesterday.
by Tanelorn
Tue Jun 11, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

Freeze JNJ. Yeah, it's a loss, but it's a new low price on a short. I was betting on that talcum powder lawsuit making hay. :P Can we close out the WM long. Trading at the higher end of historical valuation. Both closed as of June 3rd, as requested. Good timing moka on covering that JNJ, it's up ov...
by Tanelorn
Sun Jun 02, 2019 12:02 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

Just a note that the SGYPQ ticker in the "crypt-o-currencies" fund is not updating, causing a null result in the table. Thanks. After first getting delisted and then filing for bankruptcy, things have not been going well for them and MadPunster 's short pick has played out superbly. The most recent...
by Tanelorn
Wed May 22, 2019 4:48 pm
Forum: Non-US Investing
Topic: Leverage with zero interest loan?
Replies: 8
Views: 778

Re: Leverage with zero interest loan?

Can you buy a bond fund that has a decent, safe return?
by Tanelorn
Tue May 21, 2019 2:09 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19698

Re: High net worth, elite private or “good” public

Basically, most of them find that kids from more selective schools perform better on average, but that once you plug family income and parents' education into the equation, any difference disappears. In other words, great private schools, on average, won't do much to boost the life outcomes of lowe...
by Tanelorn
Fri May 03, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 6017

Re: Short BYND? (beyond meat, IPO today)

Carlos Danger wrote:
Thu May 02, 2019 11:39 am
Nothing is ever a good candidate to short.
I guess we’ll have to agree to disagree on that - plenty of overpriced stocks out there. Not sure if BYND is one of them, that’s harder to say at least for me but I’d probably be short rather than long if you made me pick.
by Tanelorn
Wed Apr 17, 2019 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding a tax penalty
Replies: 9
Views: 949

Re: Avoiding a tax penalty

Oh I missed the part that he hasn’t filed his 2017 taxes and thought he was asking about whether he could avoid underpayment penalties, not failure to file penalties. He’s due a 2017 refund, so there would be no underpayment or failure to file penalties - those are a % of the tax owed, zero here su...
by Tanelorn
Wed Apr 17, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of unexpected 0%/Negative Federal space in a strange year of large credits
Replies: 19
Views: 972

Re: How to take advantage of unexpected 0%/Negative Federal space in a strange year of large credits

What do your taxable investment accounts look like? Do you have any appreciated stocks you could sell, for example? Short term gains would be nice to use up these anticipated credits, but even realizing long term gains would be better than losing them. Worth noting since there is no wash sale on rea...
by Tanelorn
Wed Apr 03, 2019 7:04 am
Forum: Personal Consumer Issues
Topic: Folks in their 60s and above. What early investment on health do you recommend.
Replies: 193
Views: 15136

Re: Folks in their 60s and above. What early investment on health do you recommend.

I found this doctor’s scientific approach to health and longevity quite interesting. The video below talks about the state of longevity research from a chemistry/biology perspective, and suggests several approaches to diet, exercise, and medications that may be helpful. https://peterattiamd.com http...
by Tanelorn
Wed Apr 03, 2019 5:42 am
Forum: Personal Finance (Not Investing)
Topic: 529 tax hack if you plan to expatriate?
Replies: 24
Views: 2378

Re: 529 tax hack if you plan to expatriate?

I’m not a tax lawyer, but it seems to me to be on questionable legal grounds for a state to tax a nonresident for something like this. You received the deduction, they have a right to place conditions on the use of those funds. They can't tax non-residents for certain pre-tax retirement fund distri...
by Tanelorn
Tue Apr 02, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: 529 tax hack if you plan to expatriate?
Replies: 24
Views: 2378

Re: 529 tax hack if you plan to expatriate?

The state 529 tax deduction will be recaptured. Depends on the state and the plan it seems. https://www.savingforcollege.com/compare_529_plans/?plan_question_ids%5B%5D=96&page=compare_plan_questions I’m not a tax lawyer, but it seems to me to be on questionable legal grounds for a state to tax a no...
by Tanelorn
Sun Mar 24, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 53
Views: 5144

Re: Illinois State Tax Loophole? What am I missing?

Maybe I’m just lost in this topic of Backdoor Roth’s but if I already contribute to a employer 401k and max it out ($19K) can I still contribute $6000 after tax money to a traditional IRA? If so, wouldn’t the taxes I would have to pay in the Roth conversion wipe out any benefit from State tax? What...
by Tanelorn
Sat Mar 23, 2019 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 53
Views: 5144

Re: Illinois State Tax Loophole? What am I missing?

Other states have this too. I don’t know if this older thread is up to date, but it laid out the basic idea with links for all the different states.

viewtopic.php?t=86262
by Tanelorn
Wed Mar 20, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

YoungBogle wrote:
Wed Mar 20, 2019 1:54 pm
Is there anyway you can add a "control" entry (SPY,VOO,etc.) to the Google Doc to see who is above and below the index?
Look for the fund “I don’t know and I don’t care” by benchmark. This owns a total stock market etf and is up about 11% currently.
by Tanelorn
Sun Mar 17, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard supervisor and brother-in-law stole over $2M from dead customers and dormant accounts
Replies: 30
Views: 6073

Vanguard employee steals $2M from dead account holders

[Thread merged into here, see below. --admin LadyGeek] I guess given the states treasuries were about to take the money themselves under escheat laws , perhaps he was stealing from the state and not the dead? The case was originally sealed until just recently. https://www.philly.com/business/vangua...
by Tanelorn
Sat Mar 16, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads Whose Plans Failed: What did (do) you do?
Replies: 11
Views: 4279

Re: Bogleheads Whose Plans Failed: What did (do) you do?

There was a good thread that touched on many of these ways in which people, not BHs specifically, had a lot of money but ended up losing much or all of it. Lots of cautionary tales and examples - some first hand, others of friends or relatives. “Riches to Rags Testimonies” https://www.bogleheads.or...
by Tanelorn
Mon Mar 11, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

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 Tanelorn
Mon Mar 11, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 129
Views: 23069

Re: We crush stock indexes, Yale claims

Yale returned over 12% for their FY2018 , exceeding a rough benchmark of 60/40 or 70/30 by 3% or so. Over 25% in hedge funds and under 10% in US stocks and bonds combined. This kind of discussion is not helped by such generous use of the term "benchmark." I’m not sure what your issue is with it. Th...
by Tanelorn
Sat Mar 09, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 129
Views: 23069

Re: We crush stock indexes, Yale claims

Yale returned over 12% for their FY2018, exceeding a rough benchmark of 60/40 or 70/30 by 3% or so. Over 25% in hedge funds and under 10% in US stocks and bonds combined.
by Tanelorn
Fri Mar 08, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: attacked by off-leash dog
Replies: 220
Views: 8481

Re: attacked by off-leash dog

Yeah your dog would kill their dog and you're left with an expensive law suit. Well people can sue you for anything, but if you (or your dog) killed their dog in any way not involving deliberate cruelty, the most you’d be actually responsible for was “destruction of property”. Unless their dog was ...
by Tanelorn
Thu Mar 07, 2019 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Another Capital Gain Tax Avoidance - Swapping Returns
Replies: 22
Views: 2041

Re: Another Capital Gain Tax Avoidance - Swapping Returns

Likewise, here’s an article and a detailed presentation on using “stock protection pools” to basically buy downside insurance ala put options without the pesky tax implications or most of the option premium costs. https://www.cnbc.com/2017/05/17/creating-tax-efficiency-for-a-highly-appreciated-stock...
by Tanelorn
Thu Mar 07, 2019 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Another Capital Gain Tax Avoidance - Swapping Returns
Replies: 22
Views: 2041

Re: Another Capital Gain Tax Avoidance - Swapping Returns

Here’s a NYT article on the tax deferral options available to the rich and not the typical investor. Basically you can diversify your appreciated holdings without having to pay capital gains tax at all, as long as you pay your investment bank / broker about 5% for the trouble. https://www.nytimes.co...
by Tanelorn
Sat Mar 02, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: Latest on Yieldstreet
Replies: 17
Views: 2583

Re: Latest on Yieldstreet

Thank you for sharing your cautionary information. These always seemed a bit too good to be true, and I just avoided them. Good to know some of the details and issues.
by Tanelorn
Thu Feb 28, 2019 7:36 pm
Forum: Personal Investments
Topic: Want no interest, dividends or distributions in 2019
Replies: 45
Views: 4740

Re: Want no interest, dividends or distributions in 2019

Thesaints wrote:
Thu Feb 28, 2019 7:05 pm
TSLA comes to mind...
Plus the capital losses count against your income for the first $3k...
by Tanelorn
Thu Feb 28, 2019 2:21 pm
Forum: Investing - Theory, News & General
Topic: Has anyone heard of HDO on Seeking Alpha?
Replies: 6
Views: 464

Re: Has anyone heard of HDO on Seeking Alpha?

This is the service OP is talking about, basically a $50/month newsletter focused on high yield securities. https://seekingalpha.com/checkout?service_id=mp_1006 They own high yield, below investment grade securities and hope nothing bad happens. The risk is always there, and sometimes shows up, beca...
by Tanelorn
Tue Feb 26, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

Seems to be working now, not sure why it’s being glitchy lately.
by Tanelorn
Thu Feb 21, 2019 6:41 am
Forum: Personal Investments
Topic: GLD (SPDR Gold Shares) and Taxes
Replies: 37
Views: 12778

Re: GLD (SPDR Gold Shares) and Taxes

Cdgoldin - your persistence, scare mongering hyperbole (“record-keeping nightmare”, “guaranteed audit”), and inconsistencies on this topic do a disservice to less informed readers who are just trying to understand the law so they can pay their appropriate taxes. Why should I believe you over Robert ...
by Tanelorn
Wed Feb 20, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 123
Views: 11067

Re: What net worth supersedes Bogleheads’s strategy

This guy got to over $2B with buy and hold stocks for the long term, things like Apple, Microsoft, GE, etc. he was an optometrist whose inventions eventually sparked a successful but still fairly small business, the profits from which he invested in the market. https://www.forbes.com/sites/maddieber...
by Tanelorn
Wed Feb 20, 2019 2:22 pm
Forum: Personal Investments
Topic: GLD (SPDR Gold Shares) and Taxes
Replies: 37
Views: 12778

Re: GLD (SPDR Gold Shares) and Taxes

A long time ago when we traded individual stocks we invested in GLD and SLV. It was then that I learned they were considered "collectables" and not stocks as they are held in trust. ** I assumed that wash sale rules were in effect as they are considered a security and not the sale of physical coins...
by Tanelorn
Sat Feb 16, 2019 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 123
Views: 11067

Re: What net worth supersedes Bogleheads’s strategy

livesoft wrote:
Sat Feb 16, 2019 8:29 pm
Other than "start a business" or "win a lottery" or "inherit a lot of money" what else are you looking for?
Beat the market? A little leverage and 30% returns and you'll get to your target in a hurry.
by Tanelorn
Wed Feb 13, 2019 10:37 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

Sears stock, bankruptcy notwithstanding, has traded strongly the last week and is now up to around $2.25. You can read about Eddies vision for the new company going forward below, including plans to ideally take it public again at some point, in his interview below: https://www.wsj.com/articles/edwa...
by Tanelorn
Tue Feb 12, 2019 2:57 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

Sensors have detected an excessive force pulling my LaGrange Point fund out of equilibrium. Please freeze my MXWL position. LadyGeek - your long MXWL has been sold at Friday’s close per your instructions. Your price was $4.66 for an 87% gain. Congratulations! Good luck with your remaining short pos...
by Tanelorn
Tue Feb 12, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

Is Tanelorn Capital's current -370.00% return a new record? :D Currently -540% as Sears stock rose above $2 today, from the contest starting price of $0.30. All these expert fund managers and no one was contrarian enough to go long the bankrupt dying retail chain - go figure. But that’s how you mak...
by Tanelorn
Fri Feb 08, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

@blackcat - it’s not you, Google Finance has been screwy for the last couple days. Some of the prices are wrong (TWTR at $600), others aren’t being pulled up at all, etc. if they don’t fix it soon, I may switch to a different quote source. If you want to close one, or both!, of your SIRI positions, ...
by Tanelorn
Fri Feb 08, 2019 5:23 am
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 233
Views: 21199

Re: 2019 Hedge Fund Contest

Sensors have detected an excessive force pulling my LaGrange Point fund out of equilibrium. Please freeze my MXWL position. Or, it could be this: Tesla bought Maxwell Technologies for $218 million, but not for its ultracapacitors — Quartz Anomaly analysis indicates Tesla's ability to close this dea...
by Tanelorn
Wed Feb 06, 2019 6:40 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 300051

Re: HEDGEFUNDIE's excellent adventure [3x leveraged ETF strategy]

You see where I am going with this. If someone was actually able to hold on for the entire 32 years of the backtest, he / she would be sitting on $100M right now. At what point would you bail on the strategy, and why? Maybe you’d want to preserve your profits in a way that couldn’t get hit with som...