Search found 4924 matches

by Earl Lemongrab
Fri Aug 17, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 599

Re: Tax loss harvesting international funds at Fidelity

The notion that two different index funds tracking exactly the same index are not substantially identical is a fringe perspective. All notions of what is mainstream versus fringe are pretty sketchy. There's no evidence, although a past IRS publication stated that normally mutual funds from differen...
by Earl Lemongrab
Fri Aug 17, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Fund
Replies: 13
Views: 816

Re: Stable Value Funds vs Bond Fund

Here is the yield: Performance: YTD: 1.07 1 YR: 1.79 3 YR: 1.63 5 YR. 1.41 I use a 50/50 mix of stable value and bond index. However, Megacorp's stable value is higher yielding than yours. Here are the equivalent performance numbers: YTD: 1.68% 1 YR: 2.57% 3 YR: 2.32% 5 YR: 2.21% It's currently at ...
by Earl Lemongrab
Fri Aug 17, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Rollover to TIRA, does it affect backdoor ROTH?
Replies: 5
Views: 243

Re: Pension Rollover to TIRA, does it affect backdoor ROTH?

What if I roll it over to Vanguard TIRA and convert it to ROTH IRA this year and empty out the TIRA account? Does this mean that I cannot contribute to backdoor roth this year but I'm assuming I can do so next year onwards? The only thing that matters is the balance in TIRAs at the end of the year ...
by Earl Lemongrab
Fri Aug 17, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on establishing Roth accounts
Replies: 5
Views: 637

Re: Need advice on establishing Roth accounts

Well a game changer of sorts. It appears my employer 401k at FI actually allows for mega backdoor roths so that would appear to be the winner. Better yet, to the extent my after tax contributions will crowd out some of the company contribution above the limit, I am entitled to receive those dollars...
by Earl Lemongrab
Fri Aug 17, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 599

Re: Tax loss harvesting international funds at Fidelity

I thought IXUS didn't follow the same index as FTIPX. Unfortunately, it does. Looking at their prospectuses, both FTIPX and IXUS follow the MSCI ACWI ex-US IMI. FSGDX follows MSCI ACWI ex-US (no IMI). IMI means a bunch of added small-caps and they do make a difference. So FTIPX and IXUS are not sui...
by Earl Lemongrab
Fri Aug 17, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 22
Views: 2895

Re: Total Stock and Total Bond Market(s) at Vanguard

I am wondering if there are others who are using VG TBM or IT Index (in both taxable and tax-deferred accounts) whom include other shorter term Index funds to try to acheive an overall duration of less than 5 years as per Mr. Bernstein's books: Well, I have a bond index fund in the Megacorp 401(k) ...
by Earl Lemongrab
Fri Aug 17, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 45
Views: 4232

Re: Fidelity 401(k) millionaires hits record high

I would have if I had known enough to be maxing it out all those years instead of the minimum to get match. It's become increasingly unlikely that it ever will because the 401(k) has become almost all fixed income now. The stocks in the Roth and taxable accounts have increased so much that it's down...
by Earl Lemongrab
Fri Aug 17, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 98
Views: 4589

Re: Take auto loan 0.9% if I can afford cash?

GrowthSeeker wrote:
Fri Aug 17, 2018 9:58 am
What's the penalty if you're late on one payment?
Why would you be late? Just set up an automatic payment.
by Earl Lemongrab
Fri Aug 17, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 16316

Re: Who uses the 3 fund portfolio ?

I currently have a 4 fund portfolio Total US Stock, Total Intl Stock, Total Bond market and Megacorp. Megacorp is 60% of my current portfolio and I am working on slowly transitioning these over to the 3 fund portfolio Pardon my ignorance, What is megacorp? I have heard this in 401K related threads ...
by Earl Lemongrab
Thu Aug 16, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1135
Views: 195478

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'm generally (as I said before) somewhat undecided, but even if I did open an account, I would definitely not move a taxable account there. I really don't trust HSBC to do cost basis transfer and tax reporting properly for securities accounts. Even a small mistake there could easily cost > $750. A...
by Earl Lemongrab
Thu Aug 16, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1135
Views: 195478

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Are you sure about the physical visit? Where did you see that? If you can't set it up online then I wouldn't be interested.
by Earl Lemongrab
Thu Aug 16, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1135
Views: 195478

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

HSBC has a $750 bonus on $100k for 90 days. Investments count even though you know HSBC as a bank. The account requires you to maintain 100k or you are charged a $50/mo fee. https://www.us.hsbc.com/checking-accounts/campaigns/premier-offer-2018/ Every penny I have is currently earning me a bonus so...
by Earl Lemongrab
Thu Aug 16, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 98
Views: 4589

Re: Take auto loan 0.9% if I can afford cash?

Are you buying full coverage insurance regardless of paying cash or taking loan? If you pay cash, you can save a lot with liability insurance. How will paying cash save you anything on liability insurance? I've never heard of such a thing. :confused My *guess* is that its not so much paying cash bu...
by Earl Lemongrab
Thu Aug 16, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 98
Views: 4589

Re: Take auto loan 0.9% if I can afford cash?

wootwoot wrote:
Thu Aug 16, 2018 2:51 pm
Pay in cash. The boglehead way is to keep your fees low and most of the forum balks at even a .25% fee for investments so .9% is sky high.
That's wrong. Flat wrong. You completely ignore opportunity cost.
by Earl Lemongrab
Thu Aug 16, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are Roth conversions a no-brainer for me?
Replies: 21
Views: 1687

Re: Are Roth conversions a no-brainer for me?

If you have significant stock holdings in taxable, your conversion rate might be higher than you think. I'm in that bracket in retirement, but my taxable qualified dividends "fill" the remaining space. Those are taxed at 0%. So if I converted a dollar of pretax to Roth, that would incur state and fe...
by Earl Lemongrab
Thu Aug 16, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 46
Views: 2748

Re: Celebrating the day you retired

Nothing special on the final day. The celebration lunch was several days earlier. The boss and I had to go over a bit of paperwork. After that, I walked around and shook a few hands, then he walked me out and I turned over my ID to him.
by Earl Lemongrab
Thu Aug 16, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 16316

Re: Who uses the 3 fund portfolio ?

Actually, virtually nothing insulates us from behavioral bias and vastly flawed human decision-making (ask Daniel Kahneman). Complexity, of any sort, however, only exacerbates those tendencies. The myth lies in the narratives we form naturally as human beings. Where is the evidence that complexity ...
by Earl Lemongrab
Thu Aug 16, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4729

Re: How often do you check your brokerage accounts

How long do you have to report an account error once it is called to your attention on a quarterly statement? jalbert: Sorry, I don't know. My guess is that there is no time limit for for reporting account errors. Try contacting Vanguard. That doesn't sound like a good guess to me. The very first "...
by Earl Lemongrab
Wed Aug 15, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 16316

Re: Who uses the 3 fund portfolio ?

I think a sometimes overlooked advantage is that it builds investor confidence to resist the latest fad. This is a HUGE advantage. Emotional investing is the worst kind but easily and very commonly succumbed to. Good investing is boring investing...3-fund is boring, but beautiful! I couldn't agree ...
by Earl Lemongrab
Wed Aug 15, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: When do you change your IPS?
Replies: 8
Views: 782

Re: When do you change your IPS?

I developed my portfolio in 2007. It's a slice-and-dice tilted allocation. Changes to the asset allocation that I have made since: 1. The 401(k) dropped the Large Cap Value fund. Rather than buy more LCV in taxable I decided to change the allocations to increase large blend and small value, and decr...
by Earl Lemongrab
Wed Aug 15, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 98
Views: 4589

Re: Take auto loan 0.9% if I can afford cash?

I like low-cost debt. Great leverage for investing. I have no fear or loathing of it at all. I'd sure take it under the given circumstances, although the likelihood of me buying a new vehicle isn't high. A regular payment like this is perfect for a bill-paying service, assuming they don't have it se...
by Earl Lemongrab
Wed Aug 15, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: Cleaning gas grill
Replies: 40
Views: 3238

Re: Cleaning gas grill

Crumpled aluminum foil held with tongs can be used as a safe way to clean the grill. Also, some cleaning brushes are bristleless, having a spiral steel cleaning head.

http://old.cbbqa.org/equipment/Grillwizardbrush.html
by Earl Lemongrab
Wed Aug 15, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19193

Re: "Don't Obsess About Expense Ratios"

Like your profile graphic but will likely pass on the concept that $800 is a lot to a millionaire. If so, you must be pretty stressed right now with the markets down a good bit today. You could have easily lose $8000 in net worth on a day like this. As a long-time BHer, I would view $800 a year to ...
by Earl Lemongrab
Wed Aug 15, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19193

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Wed Aug 15, 2018 12:01 am
Forum: Investing - Help with Personal Investments
Topic: More cash instead of bonds
Replies: 15
Views: 1785

Re: More cash instead of bonds

For those replies from people owning FSITX, I know what the current yield is, but actual return YTD is -1.24%. Yield seems to have been completely overtaken by actual performance. I'm not sure how to justify owning this instead of 1-year T-Bills, for example. But that's already happened. It tells y...
by Earl Lemongrab
Tue Aug 14, 2018 11:53 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1135
Views: 195478

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

NoHeat wrote:
Tue Aug 14, 2018 8:20 pm
Afterwards, my thought was that the one-time earnings of 0.25%
This is the wrong way to think of it. It's not earnings on your assets, it's reward for the effort you put in. How long did spend doing it? Hour maybe? Pretty good hourly rate.
by Earl Lemongrab
Tue Aug 14, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 14
Views: 2218

Re: Roth IRA max salary

I have money in a taxed Vanguard account I invested last year. My goal is to roll this money into the 2 Roths we have each year. This is a confusing statement. You can't roll a taxable account into an IRA. If you mean that you plan to sell the assets to fund the Roths, that's probably not a great i...
by Earl Lemongrab
Tue Aug 14, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: More cash instead of bonds
Replies: 15
Views: 1785

Re: More cash instead of bonds

When I set up my portfolio in 2007, I decided on 50/50 bond index fund and stable value. I don't see any reason to change. A core principle of my IPS is that I have no talent for timing markets. That includes bonds.
by Earl Lemongrab
Tue Aug 14, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Moving rollover IRA to 401k- timing and lost returns.
Replies: 10
Views: 441

Re: Moving rollover IRA to 401k- timing and lost returns.

How much is in fixed-income currently in the 401(k)? One way to minimize is to sell the funds in the IRA and at the same time reallocate the 401(k) to have more stocks. In essence the stocks you sell in the IRA become part of your fixed income. When thr rollover is complete, rebalance to plan in the...
by Earl Lemongrab
Tue Aug 14, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19193

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Tue Aug 14, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSMX
Replies: 10
Views: 791

Re: VTI vs VTSMX

I use ETFs (although not that one) because I want the lowest cost and the ability to hold my assets anywhere I want. Admiral shares are generally not available for purchase at other custodians, although sometimes you can transfer and possibly reinvest elsewhere.
by Earl Lemongrab
Tue Aug 14, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Should I be worried about potential identity theft? Bizarre email/name mix up?
Replies: 16
Views: 936

Re: Should I be worried about potential identity theft? Bizarre email/name mix up?

When you get email receipts, very often it's by reciting your email address to the cashier. If either makes a mistake, then the wrong address gets the receipt. There's a guy with a comic strip comment site, who talks about "Idiot Bill Bickel". That's another guy with the same name who keep using the...
by Earl Lemongrab
Tue Aug 14, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19193

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Tue Aug 14, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 14
Views: 2218

Re: Roth IRA max salary

I have money in a taxed Vanguard account I invested last year. My goal is to roll this money into the 2 Roths we have each year. This is a confusing statement. You can't roll a taxable account into an IRA. If you mean that you plan to sell the assets to fund the Roths, that's probably not a great i...
by Earl Lemongrab
Tue Aug 14, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: 61 Year old in need of advice
Replies: 14
Views: 1473

Re: 61 Year old in need of advice

He gets pain via 1099 as independent contractor... Not sure how or where he got that right I do know that he refinanced his home last year not sure with who. So do you think the solo 401K is still an option? Hopefully not too much pain :) Certainly a 401(k) is a possibility. However, the arrangemen...
by Earl Lemongrab
Tue Aug 14, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: What's the reason you would buy reading glasses at...
Replies: 42
Views: 2317

Re: What's the reason you would buy reading glasses at...

Small type is becoming tough for me. I don't bother with readers or bifocals though. For the computer, I take off my regular glasses and increase the font size in browsers. Similarly for e-books on the iPad I can set the font where I need it. Now, oddly to me, browsers like Firefox on the iPad don't...
by Earl Lemongrab
Tue Aug 14, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2414

Re: RMD's: take distributions vs selling

You won't let this go, will ya. I won't either then. It obviously is important to you to understand. I told you like it was. No, in 2008, I couldn't arrange selling bonds in those IRAs.. I didn't have any bond funds there to sell as I wrote, only balanced funds from which I was taking out for expen...
by Earl Lemongrab
Tue Aug 14, 2018 12:10 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2414

Re: RMD's: take distributions vs selling

Perhaps I just don't understand what you're saying. My perception was that due to distributions (regardless of the reason) you had to sell stocks at depressed prices. But it really seems that the reason is because you use balanced funds of some sort and you want to keep doing that, so you always sel...
by Earl Lemongrab
Mon Aug 13, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2414

Re: RMD's: take distributions vs selling

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate. Last comment. I have no rebalancing to make as I used 'then and use now only ba...
by Earl Lemongrab
Mon Aug 13, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2414

Re: RMD's: take distributions vs selling

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate.
by Earl Lemongrab
Mon Aug 13, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7084

Re: Moving from Vanguard to Fidelity

My insurance company is a mutual, meaning I am actually a shareholder. Yet I don't assume that this will result in better rates or customer service. If it did, then the mutuals would have swept the others from the field by now. If it makes you feel good to think, "I'm an owner so they have to look o...
by Earl Lemongrab
Mon Aug 13, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 232
Views: 19193

Re: "Don't Obsess About Expense Ratios"

Remember that tracking error can be positive.
by Earl Lemongrab
Mon Aug 13, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Using Uber Without A Cellular Data Connection
Replies: 25
Views: 2417

Re: Using Uber Without A Cellular Data Connection

I'll keep that in mind if I try again. Assuming I haven't gotten a phone by then. I don't need rides often.
by Earl Lemongrab
Mon Aug 13, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: REIT placement... Why not a Roth? Why tax-deferred?
Replies: 25
Views: 1555

Re: REIT placement... Why not a Roth? Why tax-deferred?

livesoft wrote:
Mon Aug 13, 2018 3:43 pm
I was waiting for that question. No, because the dividends would not be qualified while I was waiting for the darn thing to lose money.
Excellent. You get a gold star this time.
by Earl Lemongrab
Mon Aug 13, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7084

Re: Moving from Vanguard to Fidelity

Vanguard is client-owned which is the ideal model. It is not client-owned. It is owned by the funds. At Vanguard, there are no outside owners, and therefore, no conflicting loyalties. The company is owned by its funds, which in turn are owned by their shareholders—including you, if you're a Vanguar...
by Earl Lemongrab
Mon Aug 13, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: REIT placement... Why not a Roth? Why tax-deferred?
Replies: 25
Views: 1555

Re: REIT placement... Why not a Roth? Why tax-deferred?

livesoft wrote:
Sun Aug 12, 2018 10:03 am
If I owned a REIT fund that was going to lose money, then I would want to own it in my tax-deferred accounts.
Wouldn't you want it in taxable?
by Earl Lemongrab
Mon Aug 13, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Best placement for Small Cap Value? Taxable, Roth or 403b7?
Replies: 21
Views: 1336

Re: Best placement for Small Cap Value? Taxable, Roth or 403b7?

My small cap value is a mix of IJS and VBR. Initially my Roth was pretty well taken up by REIT and there wasn't a SCV index fund in the 401(k). Later even the active fund was discontinued. So I bought SCV in taxable. As time went on, I used the Mega Backdoor Roth to really increase my Roth holdings,...
by Earl Lemongrab
Mon Aug 13, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2414

Re: RMD's: take distributions vs selling

I will just say that it is the rare case, indeed, that somebody is forced to "sell low" in an IRA for RMD reasons. In 2008, I was forced to sell low for RMD (which was used for expenses), to my chagrin. It was very unpleasant. You can look at my very long thread from back then https://www.boglehead...
by Earl Lemongrab
Mon Aug 13, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2414

Re: RMD's: take distributions vs selling

ryman554 wrote:
Sun Aug 12, 2018 5:33 pm
Selling in IRA and buying in taxable is no net tax cost for gains or anything. (Ok, there are esoteric wash sale rules to worry about)
That can't result in a wash sale. You have to sell for a tax loss. The other way around can be a problem.
by Earl Lemongrab
Mon Aug 13, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: 61 Year old in need of advice
Replies: 14
Views: 1473

Re: 61 Year old in need of advice

How does he get paid? 1099 as an independent contractor? Or does he work for a placement company that issues a W2. If truly independent he can and should have been making use of a solo 401(k). Before anything else, that question needs to be answered. No good advice can be issued, other than maybe do...