Search found 6970 matches

by Earl Lemongrab
Fri Apr 19, 2019 4:14 pm
Forum: Personal Investments
Topic: Yieldstreet
Replies: 9
Views: 600

Re: Yieldstreet

That was the first thing I did and I did not receive any related results. I even put it in quotes and did not receive any results. Which search did you use? Generally you should use the one in the upper right that says "Google...". Then you get a link this this: https://www.google.com/search?sitese...
by Earl Lemongrab
Thu Apr 18, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: Gardening 2019
Replies: 46
Views: 3268

Re: Gardening 2019

Zone 7b reporting in. I am hardening vegetables, some from seed, some in pots from box store with a target plant date of the second week in May. Planting includes tomatoes, squash, cucumber, peppers and various herbs. All of the herbs are already in the ground. Recent weather pattern is encouraging...
by Earl Lemongrab
Thu Apr 18, 2019 5:01 pm
Forum: Personal Investments
Topic: The Final Definitive Thread on Best Brokerage
Replies: 18
Views: 1381

Re: The Final Definitive Thread on Best Brokerage

I have used vanguard and schwab both are fine but I found M1 Finance 2 years ago and it has been my favorite so far. Definitely worth checking out and they also do promo's if you transfer in. Looks like the best they have is $100 on a 20k transfer. https://m1finance.com/blog/9-myths-about-brokerage...
by Earl Lemongrab
Thu Apr 18, 2019 2:56 pm
Forum: Personal Investments
Topic: The Final Definitive Thread on Best Brokerage
Replies: 18
Views: 1381

Re: The Final Definitive Thread on Best Brokerage

There's really only a best brokerage for a certain person at a certain time. I've used most of them at one time or another, because my main goal is to generate bonus money. If the bonus train even stops completely, I'd choose Merrill Edge right now. The combination of free equity trades and credit c...
by Earl Lemongrab
Thu Apr 18, 2019 2:49 pm
Forum: Personal Investments
Topic: Locked into [American Funds] - best choices?
Replies: 14
Views: 825

Re: Locked into [American Funds] - best choices?

Right, just because you already have some funds that you don't want to sell, doesn't mean you should keep putting more money into them. Just work your asset allocation around those. Also keep checking for shares that might be be low gains or even losses, then shave those off as you go.
by Earl Lemongrab
Thu Apr 18, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 801

Re: U.S. Bank/Bancorp 100 free trades per year

Why does a Boglehead need free trades? Why would a Boglehead pay for trades? I buy ETFs with new cash as it becomes available, and I sure don't want to pay a commission. Vanguard doesn't charge to buy it's funds. So? I don't want to hold my assets at Vanguard. I use the brokerage with the best over...
by Earl Lemongrab
Thu Apr 18, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 54
Views: 3872

Re: What I don’t understand about Donor Advised Funds...

I only have one issue with using a DAF - -my (now former) employer does not match those gifts. I'm sure it varies by employer. My employer will match gifts from a DAF, but not into the DAF. The rationale is reasonable, as there are some types of organizations they do not match donations to (mostly ...
by Earl Lemongrab
Thu Apr 18, 2019 2:35 pm
Forum: Personal Investments
Topic: Re-balancing "organically"
Replies: 12
Views: 1259

Re: Re-balancing "organically"

I use the 5/25 rebalancing criteria. My spreadsheet calculates the percentage each sub-allocation is away from target and does the rebalancing check. That hasn't been triggered in a number of years. Other than that, when I have new money to go in I check the sheet to see where the imbalances are and...
by Earl Lemongrab
Thu Apr 18, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 68
Views: 3399

Re: In which companies do you own a single share, or token amount, of stock?

The only individual stock I have is MegaCorp. Years ago they had some sort of profit-sharing deal where they put stock shares into an account at ComputerShare for employees. They did that for a few years. I didn't reinvest the dividends, so the shares have just been sitting there. I keep meaning to ...
by Earl Lemongrab
Thu Apr 18, 2019 1:30 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 45
Views: 5248

Re: What is your one favorite fixed income for retirement?

From the time I devised my portfolio in 2007, my fixed income has been 50/50 bond index and stable value. I haven't seen any reason to change that in retirement.

I might consider some TIPS holdings in the future.
by Earl Lemongrab
Thu Apr 18, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 54
Views: 3872

Re: What I don’t understand about Donor Advised Funds...

The DAF makes things generally easier once you get over the initial hurdle (which wasn't all that bad). If you see a small local food bank or something that you want to send a few bucks to, you don't have to go find out if they can take shares. You just contact the DAF custodian and request a check....
by Earl Lemongrab
Thu Apr 18, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 801

Re: U.S. Bank/Bancorp 100 free trades per year

RickBoglehead wrote:
Thu Apr 18, 2019 1:02 pm
Why does a Boglehead need free trades?
Why would a Boglehead pay for trades? I buy ETFs with new cash as it becomes available, and I sure don't want to pay a commission.
by Earl Lemongrab
Thu Apr 18, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Question on compromised credit cards
Replies: 20
Views: 1126

Re: Question on compromised credit cards

nolesrule wrote:
Wed Apr 17, 2019 8:16 pm
Virtual numbers are security theater for the same reason. Once active, it can be discovered without hacking or skimming. It's just another card number.
You can generally set a spending limit on those. So even if the number is discovered, it won't do much good.
by Earl Lemongrab
Thu Apr 18, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 801

Re: U.S. Bank/Bancorp 100 free trades per year

I moved one of my accounts to Firstrade for the bonus last year, and I have a hard time leaving them (for another bonus). They have zero fees and free trades. If that's what you are after I would give them a try. I was there for a while for a bonus. Nothing special. I moved again for more bonus mon...
by Earl Lemongrab
Thu Apr 18, 2019 12:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 801

Re: U.S. Bank/Bancorp 100 free trades per year

I never understand why folk want to invest at places other than Vanguard, Fidelity, Schwab, or T Rowe Price. If I had to pick one, it would be none of those. It would be Merrill Edge. They have the best all-around deal, not even including the transfer bonuses. Which are a substantial factor. If you...
by Earl Lemongrab
Wed Apr 17, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10391
Views: 1843253

Re: U.S. stocks in free fall

Hyoga wrote:
Wed Apr 17, 2019 7:57 pm
Actually this whole forum is noise, because the answer to just about any question is "stay the course".
For market-timing, sure. But there are a wealth (heh) of other topics. Like wash sales! We haven't discussed that in several minutes.
by Earl Lemongrab
Wed Apr 17, 2019 9:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 801

Re: U.S. Bank/Bancorp 100 free trades per year

Why do you need 100 free trades a year? What kind of balance is required for platinum checking (i.e. what is the opportunity cost)? It's not just platinum but also gold. And as far as I can tell the requirements are modest like having a USB credit card. I have the gold checking account. As you say,...
by Earl Lemongrab
Wed Apr 17, 2019 9:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 801

Re: U.S. Bank/Bancorp 100 free trades per year

I never understand why folk want to invest at places other than Vanguard, Fidelity, Schwab, or T Rowe Price. If I had to pick one, it would be none of those. It would be Merrill Edge. They have the best all-around deal, not even including the transfer bonuses. Which are a substantial factor. If you...
by Earl Lemongrab
Wed Apr 17, 2019 6:00 pm
Forum: Personal Investments
Topic: After Tax 401k
Replies: 26
Views: 1936

Re: After Tax 401k

There is no coupling between Mega Backdoor and Roth 401(k). MegaCorp had the former for a long time before ever offering direct Roth contributions. For most of the time I worked there the only option was to roll the after-tax to an IRA of one sort or another. It was only the last few years that IRR ...
by Earl Lemongrab
Wed Apr 17, 2019 5:49 pm
Forum: Personal Investments
Topic: Why buy a CD with a brokerage firm?
Replies: 17
Views: 1171

Re: Why buy a CD with a brokerage firm?

livesoft wrote:
Wed Apr 17, 2019 9:06 am
One might ask as well: Why buy a CD at all from anywhere?
I've not been interested in them in a long time. My 401(k) stable value generally meets or beats the long-term CD rates. Now, that rate isn't guaranteed for years, but it could go up as well as down.
by Earl Lemongrab
Wed Apr 17, 2019 4:54 pm
Forum: Personal Consumer Issues
Topic: Gardening 2019
Replies: 46
Views: 3268

Re: Gardening 2019

I moved to SE AZ 1.5 years ago and am finally getting around to setting up my garden. This time, instead of raised beds like I had when I lived in the Phoenix metro area I am going to try the "Weedless Gardening" method. I looked into this a little. I will try putting down newspapers when I get som...
by Earl Lemongrab
Wed Apr 17, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Conversion vs Roth 401k Contribution
Replies: 12
Views: 585

Re: Conversion vs Roth 401k Contribution

coffeecup333 wrote:
Wed Apr 17, 2019 4:23 pm
This is a great point. How did you arrive at 27%? Just trying to learn the calculations for myself.
When you add a dollar of ordinary income, like from a conversion, that dollar is taxed at 12%. It also bumps a dollar of qualified dividends from 0% to 15%. So the total tax is 12% + 15% == 27%.
by Earl Lemongrab
Wed Apr 17, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 801

Re: U.S. Bank/Bancorp 100 free trades per year

I don't know why I would. The deal at Merrill Edge/BofA is better. Not only free trades, but credit card rewards boost, and a bonus to transfer assets there.
by Earl Lemongrab
Wed Apr 17, 2019 4:26 pm
Forum: Investing - Theory, News & General
Topic: Loans from 401k -- back door investing?
Replies: 57
Views: 4049

Re: Loans from 401k -- back door investing?

inbox788 wrote:
Wed Apr 17, 2019 3:58 pm
If the loan is withdrawn, I'm missing out on growth, so I don't see the benefit.
No, unless your 401(k) is 100% stock. You take the loan from fixed income investments.
by Earl Lemongrab
Wed Apr 17, 2019 4:25 pm
Forum: Investing - Theory, News & General
Topic: Loans from 401k -- back door investing?
Replies: 57
Views: 4049

Re: Loans from 401k -- back door investing?

dm200 wrote:
Wed Apr 17, 2019 1:26 pm
When you take out the 401k "loan" - 100% of the funds you receive come from the 401k liquidating your investments.
So what? Your 401(k) likely has most or all of your fixed income. Consider the loan FI and reallocate to hold more stocks.
by Earl Lemongrab
Wed Apr 17, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Loan options
Replies: 11
Views: 866

Re: Loan options

However, you can reallocate your TSP so that the stock balance remains the same, and you are taking your loan from the G fund. If you do this, you are effectively borrowing money at the G fund rate. In fact, the loan rate and G rate are the same at the time of the loan, although the latter will cha...
by Earl Lemongrab
Wed Apr 17, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Jury Duty questions
Replies: 20
Views: 2045

Re: Jury Duty questions

I'm sure if varies by jurisdiction. In my county, you get one free postponement, no need to prove anything. Just send in the form or go online and choose a prospective new date. They won't guarantee it, but will try.
by Earl Lemongrab
Wed Apr 17, 2019 4:15 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

Thesaints wrote:
Wed Apr 17, 2019 12:29 pm
Yeah, but they are not "stocks or securities of one corporation". They are a basket of stocks and security of a number of corporations and in the case of VOO and IVV those baskets are identical.
That's incorrect. They are securities, that's why they have unique CUSIPs.
by Earl Lemongrab
Tue Apr 16, 2019 11:25 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

In particular, it says "Ordinarily, stocks or securities of one corporation are not considered substantially identical to stocks or securities of another corporation." I suppose that could be referring to mutual funds, but it is more likely simply referring to stocks and bonds of companies like App...
by Earl Lemongrab
Tue Apr 16, 2019 8:48 pm
Forum: Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 481
Views: 37031

Re: Mr. Money Mustache, SWR, and equity allocation

I never lived frugally to save. I saved because I lived frugally. I don't plan any change in lifestyle now that I'm retired. "I never lived frugally. I don't plan any change in lifestyle." It sounds a lot more enticing, n'est-ce pas ? But I did live frugally. I wouldn't want to mislead folks. But c...
by Earl Lemongrab
Tue Apr 16, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: $29 collections notice
Replies: 31
Views: 2749

Re: $29 collections notice

Many insurance companies use credit scores in determining rates. Don't dismiss the importance too much.
by Earl Lemongrab
Tue Apr 16, 2019 4:46 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 8
Views: 553

Re: Tax Loss Harvesting Question

They track the same index. How are they not substantially identical? If those two are not substantially identical, what is? The different share classes of Vanguard funds would be, in my opinion, substantially identical. Have you read over the publications and the few examples they do give? It menti...
by Earl Lemongrab
Tue Apr 16, 2019 2:38 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 8
Views: 553

Re: Tax Loss Harvesting Question

Yes, you can sell total stock and buy 500 index and write off the losses (up to allowed amount each year). The funds are different and do not even track the same index. Many use these two as TLH partners. The same goes for Total International and FTSE all world ex-U.S. very similar performance, sui...
by Earl Lemongrab
Tue Apr 16, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 7999

Re: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

However, I agree with Nisiprius that there is an element that seems contrary to buy-and-hold inherent in an instrument that is designed to be traded. Not that they can't be useful. I have no idea why, after this long, you want to come back and restart it. But, yes it's ridiculous to say, "it can be...
by Earl Lemongrab
Tue Apr 16, 2019 2:17 pm
Forum: Investing - Theory, News & General
Topic: Loans from 401k -- back door investing?
Replies: 57
Views: 4049

Re: Loans from 401k -- back door investing?

One caution about 401(k) loans. If you, for any reason, leave your job, the balance of the 401(k) loan may come due. So investing it in something non-liquid may generate problems if your employment isn't 100% secure. The new tax laws brought in a change to that. You have up until tax day with exten...
by Earl Lemongrab
Tue Apr 16, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: $29 collections notice
Replies: 31
Views: 2749

Re: $29 collections notice

It's all automated blackmail these days. They'll do $1,000 worth of damage to your credit (there is a financial cost to having a 600 score vs 800) over a stupid late fee of $15. One bill, especially if disputed, won't do 200 points damage. Not only that, they've changed things so that medical bills...
by Earl Lemongrab
Tue Apr 16, 2019 1:03 pm
Forum: Personal Investments
Topic: A separate traditional IRA acccount?
Replies: 45
Views: 2501

Re: A separate traditional IRA acccount?

One more question. My husband has a TIRA (He did take the tax deductible when he put money into it in the past.) and has no idea of the basis (He didn't keep track.) so he is going to leave it alone and pay tax when he has to take the distribution several years later. If he wants to start a backdoo...
by Earl Lemongrab
Tue Apr 16, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card to pay for cell phone bills online?
Replies: 21
Views: 1270

Re: Best credit card to pay for cell phone bills online?

US Bank has cell phones, as well as streaming and internet, in their 5% cash back categories.

https://cashplus.usbank.com/merchants

You can get a $150 sign-up bonus on $500 spend.

https://www.usbank.com/credit-cards.html
by Earl Lemongrab
Tue Apr 16, 2019 11:17 am
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

IRS Publication 564. Mutual funds as I said. To be fair, that is a ten-year-old publication that is no longer valid. Current IRS publications do not include that language. Perhaps the IRS realized it was a mistake and took the statement out of current literature. Well, not really. They combined it ...
by Earl Lemongrab
Mon Apr 15, 2019 8:04 pm
Forum: Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 481
Views: 37031

Re: Mr. Money Mustache, SWR, and equity allocation

I never lived frugally to save. I saved because I lived frugally. I don't plan any change in lifestyle now that I'm retired.
by Earl Lemongrab
Mon Apr 15, 2019 8:03 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

The IRS said that exchanging between two S&P500 etf’s is not a wash sale ? I don’t think so. Nor did they say it was. You wrote about exchanging VOO for IVV. Those are not even just "substantially identical", but actually "identical". Good luck with bringing Investopedia to an audit. They are not i...
by Earl Lemongrab
Mon Apr 15, 2019 5:17 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

The way I read the Investopedia article I linked to earlier in this thread, it seems as though the IRS does not (as of the writing of the Investopedia article) consider two separate S&P 500 ETFs to be "substantially identical". It also said that the IRS may in the future revisit such a consideratio...
by Earl Lemongrab
Mon Apr 15, 2019 10:35 am
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

Thesaints wrote:
Mon Apr 15, 2019 12:13 am
The IRS said that exchanging between two S&P500 etf’s is not a wash sale ? I don’t think so.
Nor did they say it was.
by Earl Lemongrab
Sun Apr 14, 2019 11:49 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

Thesaints wrote:
Sun Apr 14, 2019 5:17 pm
Two etf’s on the same index are a slam dunk. Your auditor won’t even have to worry about index replication techniques; the creation units hold identical securities.
Not a slam dunk. Where do you get your information? The IRS has never said anything about indexes.
by Earl Lemongrab
Sun Apr 14, 2019 2:49 pm
Forum: Personal Investments
Topic: Strategies for dealing with blackout period during rollover
Replies: 6
Views: 331

Re: Strategies for dealing with blackout period during rollover

Depends on how much you have in the 401(k). You can consider the cash in the rollover to be fixed income and reallocate the 401(k) to accommodate that if you have enough. Or get as close as you can.
by Earl Lemongrab
Sun Apr 14, 2019 2:32 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

I think you can be sure that if audited exchanging between two S&P500 index funds will be recognized as a wash sale. Based on what? Nothing in the IRS publications indicates that the holdings are the only or primary factors that determine whether funds are substantially identical. There is very goo...
by Earl Lemongrab
Sun Apr 14, 2019 2:04 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

Thesaints wrote:
Sun Apr 14, 2019 1:43 pm
Two different issuers is not an ironclad guarantee of avoiding a wash sale. Naturally, neither issuer will report it, but there is always the possibility of an audit.
Nothing is ironclad. The IRS has produced no guidance. I for one think that different fund companies is a strong factor.
by Earl Lemongrab
Sun Apr 14, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: Mower purchase considerations
Replies: 16
Views: 1357

Re: Mower purchase considerations

Earl, Get a self-propelled Toro that mulches. Forget the bagging. With a good mulching mower, you don't need to bag any more. Mine is 21" for a lot that is about 1/3 acre. By not bagging, you will have more time to watch your St. Louis Blues in the playoffs. :happy The one I ordered is a "three way...
by Earl Lemongrab
Sun Apr 14, 2019 1:07 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1549

Re: Wash Sales

Did you have a capital loss when you sold the fund? If not, then the entire question is moot. Wash sales only apply to losses.

Anyone thinking about wash sales should first go over the IRS publications. Example:

https://www.irs.gov/publications/p550#e ... k100010601
by Earl Lemongrab
Sat Apr 13, 2019 11:41 pm
Forum: Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 148
Views: 15067

Re: "Never time the market" vs. lump sum investment

When dealing with a windfall, couldn’t one use the argument of hedging against a sort of sequence of returns risk? It seems similar in concept to being somewhat conservative at the start of retirement and then going on a rising equity glide path. There's no difference between a windfall and money y...