Search found 4094 matches

by Earl Lemongrab
Wed Apr 25, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Bloomberg article on lump sum vs dollar cost averaging

It might be a reminder that the original and probably only literally correct meaning of the term dollar cost averaging was to invest a fixed amount of dollars periodically as money became available perhaps from a paycheck. I don't think that is true at all. The DCA vs. lump sum was the original, an...
by Earl Lemongrab
Wed Apr 25, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Re-characterization and Roth Conversion
Replies: 8
Views: 207

Re: IRA Re-characterization and Roth Conversion

So while there is a technically an income limit for roth contributions, in reality, there is NO limit given the back door approach. I recharacterized from RIRA --> TIRA just to convert back days later, all to satisfy a completely arbitrary roth income limit. :oops: Well, that only works if you have...
by Earl Lemongrab
Wed Apr 25, 2018 6:46 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Bloomberg article on lump sum vs dollar cost averaging

Just ask all the BH-ers who celebrated in January having already maxed out their IRA contributions for the year. That thread kind of died after the first week in February. That's such a trivial amount that I can't imagine anyone getting worked up about it. Those threads always die because the first...
by Earl Lemongrab
Wed Apr 25, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Bloomberg article on lump sum vs dollar cost averaging

I DCA out of necessity: This isn't an issue for many of the posters here, but I'm only a few years into my career and I don't yet have a level of income above my expenses in my HCOL area that allows me the ability to comfortably lump sum each January all that I'll be investing that year. I'd certai...
by Earl Lemongrab
Wed Apr 25, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA conversion/Roth back door
Replies: 5
Views: 307

Re: Traditional IRA conversion/Roth back door

noobtoinvesting wrote:
Wed Apr 25, 2018 1:26 pm
Employer has two plans, one for traditional 401k and also Roth 401k.
So? You aren't allowed to roll non-deductible or Roth IRA amounts into a qualified plan. It's against the law.
by Earl Lemongrab
Wed Apr 25, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

Setting aside my gaff, I looked up Horace Mann roadside assistance program: https://www.horacemann.com/insurance/auto-insurance/auto-coverages/emergency-road-service-horace-mann-express-service Emergency Road Service also includes Horace Mann Express Service, providing prompt 24/7 assistance at no a...
by Earl Lemongrab
Wed Apr 25, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 51
Views: 2941

Re: [Vanguard account locked out due to deceased owner]

Definitely don't try to access funds in the account. Eventually the custodian will get a copy of the death certificate, and if they note that transactions were made after the DoD, they might contact the authorities. You don't want to get charged with wire fraud or something like that.
by Earl Lemongrab
Wed Apr 25, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

researcher wrote:
Wed Apr 25, 2018 12:16 pm
Are you being serious???

"Horace Mann. I've had them for years..."

https://www.horacemann.com/
Ha. I apologize. I didn't recognize that as an insurance company and thought he was addressing a thread participant. Which there isn't one of that name, so it should have clicked with me.
by Earl Lemongrab
Wed Apr 25, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Re-characterization and Roth Conversion
Replies: 8
Views: 207

Re: IRA Re-characterization and Roth Conversion

The short answer is yes. You do a conversion to Roth of the entire amount in the TIRA. Don't do a specific number, because if you get some small earnings you don't want those hanging out. The exact steps vary by custodian. As to the why, this was an unintended side-effect of opening up conversion to...
by Earl Lemongrab
Wed Apr 25, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

I've had them for years, and had two $20K homeowners claims and two smaller auto claims that were handled with exemplary care, and have very competitive rates, so not planning to drop them. Which company? The part of the post that you didn't quote. Really? As you see it, perhaps you could point it ...
by Earl Lemongrab
Wed Apr 25, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA conversion/Roth back door
Replies: 5
Views: 307

Re: Traditional IRA conversion/Roth back door

Wow. That was not a legal rollover. The IRS publications make it clear that you can't roll after-tax IRA amounts to a qualified plan. It's hard to believe the plan knowingly accepted those. You may be able to roll over, tax free, a distribution from your traditional IRA into a qualified plan. These ...
by Earl Lemongrab
Wed Apr 25, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

Artful Dodger wrote:
Wed Apr 25, 2018 11:12 am
I've had them for years, and had two $20K homeowners claims and two smaller auto claims that were handled with exemplary care, and have very competitive rates, so not planning to drop them.
Which company?
by Earl Lemongrab
Wed Apr 25, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Is Today a good day for TLH?
Replies: 22
Views: 1525

Re: Is Today a good day for TLH?

Quick question please, I could not find the exact answer on other discussions or missed it. Can I use VTI etf as TLH partner for VTSAX (Total Stock market ETF and MF) without invoking any problem? I have never traded in ETFs, always only MFs. Is there anything I should be mindful about? My usual go...
by Earl Lemongrab
Wed Apr 25, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 951
Views: 162897

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

New question re: Merrill Edge / Bank of America... My state has no B of A branches, although a neighboring state has some fairly easily accessible about a stone’s throw from the state line. I don’t see where BofA has any sort of internet-only account. While BOA does have branches here, I opened the...
by Earl Lemongrab
Wed Apr 25, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Bloomberg article on lump sum vs dollar cost averaging

Then you don't want DCA. You seem to think there is some magic to it that gives you all of the return without the risk . Or something. It doesn't work that way. There is no magic, since I wrote countless times that I want to eliminate some risk by giving up some return . The real mystery is why you...
by Earl Lemongrab
Tue Apr 24, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Bloomberg article on lump sum vs dollar cost averaging

But I want to be invested 100% stocks and enjoy the volatility of the ride ! My personal performance is present value over cost basis and I want to decrease the volatility of cost basis. Then you don't want DCA. You seem to think there is some magic to it that gives you all of the return without th...
by Earl Lemongrab
Tue Apr 24, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Lump Sum Vs Dollar Cost Averaging

I think having a lump sum at one point or another during a lifetime is actually pretty common. You always have a lump sum, the amounts already invested. People want to segregate that from "new" money, but there is no difference (other than capital gains). As has been said before, at least in tax-ad...
by Earl Lemongrab
Tue Apr 24, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Lump Sum Vs Dollar Cost Averaging

This is the usual from you. You act as though it were possible to avoid the bad and keep the good. Not at all: I'm saying that you can avoid the worst by giving up a little good. Since it is my usual, it should be clear by now. No, you give up MORE good, because good happens more often. The trend o...
by Earl Lemongrab
Tue Apr 24, 2018 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Who is penalized for incorrect rollover Employer or Custodian?
Replies: 5
Views: 487

Re: Who is penalized for incorrect rollover Employer or Custodian?

Yeah, you can have separate accounting without it being all that obvious to the account holder. Megacorp has it, but it really only becomes apparent when you want a distribution. Normal account view show all the holdings as one pot, but if you want to take out a rollover contribution or after-tax or...
by Earl Lemongrab
Tue Apr 24, 2018 1:49 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Lump Sum Vs Dollar Cost Averaging

Lump Sum does not "work better", it does have a "better expected result". Which incidentally means that some time it may work worse and some investors may have an interest in avoiding the worst possible outcomes. Look at it this way: You can participate to a gamble where you can lose $1, or win $5 ...
by Earl Lemongrab
Tue Apr 24, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Lump Sum Vs Dollar Cost Averaging

The logic of DCA is that the more the market drops, the "better" the price. There's less regret, because less was purchased at (what is now) a loss. DCA is easier to do in a declining market. DCA would have been really hard to do last year, in a market that only went up. There is no logic it to it....
by Earl Lemongrab
Tue Apr 24, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2571

Re: Fun Money

That number is a hypothetical, not an exact. I plan for the next major correction knowing it is coming, not knowing when it is coming. The problem with that is that you don't know what the numbers will be. There have been many points where the market was at an all-time high, and it's never been tha...
by Earl Lemongrab
Tue Apr 24, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Who is penalized for incorrect rollover Employer or Custodian?
Replies: 5
Views: 487

Re: Who is penalized for incorrect rollover Employer or Custodian?

I'm not really following. Are you saying that you think that they don't use separate accounting? Likely if they accept rollovers then they comply with the regulations. Otherwise they just wouldn't accept them. It's not required that they do.
by Earl Lemongrab
Tue Apr 24, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Lump Sum Vs Dollar Cost Averaging

Lump Sum works out mathematically better. But investing is done by people, and people can have regrets. If dollar cost averaging will get someone to invest in an uncertain market rather than sitting on the sidelines, or investing then pulling the money when it starts shrinking, then DCA is the more...
by Earl Lemongrab
Tue Apr 24, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Computershare Transfer Question
Replies: 8
Views: 655

Re: Computershare Transfer Question

I transferred shares from Computershare a couple of times in the past but it was to an online broker (ETRADE) Did you initiate at Etrade? That's how I usually do transfers, but I don't know if CS has any quirks. I also have some shares of company stock that they gave us in some profit-sharing progr...
by Earl Lemongrab
Tue Apr 24, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2571

Re: Fun Money

It depends on the individual. In my case, nothing about investing is "fun", especially not speculating. I prefer a predefined asset allocation that I don't need to worry about. I get my financial "fun" from brokerage transfer bonuses: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=196884 The ...
by Earl Lemongrab
Tue Apr 24, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 74
Views: 4870

Re: Lump Sum Vs Dollar Cost Averaging

Good old-fashioned market timing. If that would be good, then selling everything and doing DCA would be even better. Or sell everything and stay in cash until valuations "improve".
by Earl Lemongrab
Tue Apr 24, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: "How to Engineer your Layoff" book, has anyone read it?
Replies: 16
Views: 3806

Re: "How to Engineer your Layoff" book, has anyone read it?

My boss and I tried to come up with something. There was a possibility at one point, but it didn't pan out. It was all about grade levels and skill codes.
by Earl Lemongrab
Tue Apr 24, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: IPhone Faulty Battery Diagnosis
Replies: 32
Views: 1453

Re: IPhone Faulty Battery Diagnosis

"and if they saw damages (water, phone drop) after they opened the phone, they would not be able to put the phone back and I would have to pay $350 to get a replacement phone." That's from the OP. The majority of people hearing that would take it to mean: "if there is damage, you are out of luck an...
by Earl Lemongrab
Mon Apr 23, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 951
Views: 162897

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Ask the receiver to cover the fee. Why didn't you transfer in-kind?
by Earl Lemongrab
Mon Apr 23, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

With your auto insurance rider, they will reimburse you for a tow to the closest service station, and there is a maximum they will reimburse, often $75. So, when your're stuck on the road, you have to look up a tow company, and call them, wait, pay them, then submit for reimbursement. If there extr...
by Earl Lemongrab
Mon Apr 23, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend fund in taxable account during retirement, yea or nay?
Replies: 33
Views: 2528

Re: Dividend fund in taxable account during retirement, yea or nay?

Generally dividends are taxed as ordinary income, while capital gains are not. So tax-wise (at least at the margin), a dollar of dividend income is not worth as much as a dollar of capital gains income, after tax. Other than bond funds, no. First, capital gains can be either long or short term. Onl...
by Earl Lemongrab
Mon Apr 23, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

Agree, and for that reason, I went back to AAA after having previously dropped them for what I thought was a service offered by my insurance company and turned out to just be reimbursement. Obviously there are differences between the way insurance companies implement their services. Mine provides a...
by Earl Lemongrab
Mon Apr 23, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

I am skeptical that any other provider would have done the same. I would imagine they would call the garage they are contracted with, and I would have sat there until my turn came up. With the weather conditions, it could have been a long wait. I can't answer for all situations. My insurance compan...
by Earl Lemongrab
Mon Apr 23, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

My insurance company will reimburse for towing costs BUT I have to find a towing service to come out. That is a hassle when you are in areas you are not familiar with. And in too many cases, auto insurance carriers are adding towing insurance claims to your CLUU reports which will result in higher ...
by Earl Lemongrab
Sun Apr 22, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 951
Views: 162897

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

https://www.schwab.com/public/schwab/nn/new_assets_client_award_sps.html Offer valid for Charles Schwab & Co., Inc. ("Schwab") Stock Plan Services clients who make a qualifying net deposit into an eligible retail brokerage account within 45 days of enrollment in the offer. Can someone explain to me...
by Earl Lemongrab
Sun Apr 22, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Freeze - What did you do?
Replies: 85
Views: 9196

Re: Pension Freeze - What did you do?

Megacorp froze the pension a few years back. They substituted extra contributions (non-matching) to the 401(k). The first year was 9% of salary, ramping down each year until a base level depending on years of service. For older folks it would be 5%. I didn't hang around that long.
by Earl Lemongrab
Sun Apr 22, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: wash sale rule on final disposition
Replies: 18
Views: 697

Re: wash sale rule on final disposition

so if you stop trading by december with accumulated wash sales the losses are not deferred to the next year? the 31 days is critical for not rolling the wash sales forward into the next year? correct? It's not clear what you're asking. The end of the year only matters for realized losses. Wash sale...
by Earl Lemongrab
Sun Apr 22, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: wash sale rule on final disposition
Replies: 18
Views: 697

Re: wash sale rule on final disposition

thanks.. so loss or profit you get to declare the loss as long as you don't trade the same stock for 31 days prior to Dec 31 of that year? It's only about what you buy during the exclusion window. another iteration of this question... if you have a string of wash sales during the year.. and don't t...
by Earl Lemongrab
Sun Apr 22, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: mutual funds or etfs, why each
Replies: 24
Views: 1727

Re: mutual funds or etfs, why each

ETF transactions are done through day trading. So you have to see what price people are buying/selling at any given moment, then set your price and hope someone buys/sells it. You might have to adjust it throughout the day if the price drifts away from the price you set. This is inaccurate, or perh...
by Earl Lemongrab
Sun Apr 22, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: How to avoid a bad day on ETF conversion to MF [Mutual fund]
Replies: 11
Views: 737

Re: How to avoid a bad day on ETF conversion to MF

Are you no longer doing brokerage bonuses then? Did you find them to be too much of a hassle? I saw no other attractive enough bonuses available to me. If I ever decide to play this game again I can always convert to ETF at NAV. There were a couple of good Merrill Edge bonuses that recently expired.
by Earl Lemongrab
Sun Apr 22, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 77
Views: 3614

Re: AAA? What to do in car emergencies?

Roadside assistance is pretty common in insurance policies. You might already have it. Check your policy. I've used mine in the past. With mine, it works similar to AAA, you call one number and they find and dispatch someone to your location.
by Earl Lemongrab
Sat Apr 21, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Uncertain what to do about trust distribution
Replies: 6
Views: 592

Re: Uncertain what to do about trust distribution

First of all, this ain't market high. Secondly, there have been many times where the market was at an all-time high, and the market has never been that low again.

Like I often ask, why do you think you have some talent for timing the market?
by Earl Lemongrab
Sat Apr 21, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Recreating VFINX cost basis?
Replies: 6
Views: 420

Re: Recreating VFINX cost basis?

I'm going to assume that "realized gains" means "distributions". First of all, where is the asset held? Often the custodian can let you know what the cost basis is. For non-covered shares, this isn't guaranteed nor reported to the IRS, but it's a likely source of information. I did reconstruct the b...
by Earl Lemongrab
Sat Apr 21, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Why is a share price for Schwab much cheaper than Vanguard?
Replies: 10
Views: 1078

Re: Why is a share price for Schwab much cheaper than Vanguard?

ETF are a different matter. Since you can't buy fractional shares on an ETF (only whole), lower ETF prices offer more granularity with less cash left over than higher priced ETFs, but the actual shares will still appreciate/depreciate at the same rate. Right. Especially so in IRAs, where you have a...
by Earl Lemongrab
Sat Apr 21, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing
Replies: 8
Views: 563

Re: New to Investing

I never do automatic reinvestment. There are two reasons: 1. I use ETFs outside of the 401(k). Auto results in fractional shares that cause some extra annoyance when you transfer, as those have to be sold. I transfer frequently. I prefer to buy whole shares. 2. I use new money, including dividends, ...
by Earl Lemongrab
Sat Apr 21, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 138
Views: 8183

Re: I’m still not a fan of international bond funds

lack_ey wrote:
Sat Apr 21, 2018 2:07 pm
Earl Lemongrab wrote:
Sat Apr 21, 2018 2:05 pm

Your quote doesn't show any EE bonds. Looks like you flubbed the copy/paste.
Looks like it's edited now to include EM
Based on the edit timestamp, he picked up the error while I working on the post. It happens.
by Earl Lemongrab
Sat Apr 21, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum vs Dollar-cost average in 2018?
Replies: 7
Views: 787

Re: Lump sum vs Dollar-cost average in 2018?

The number one principle of my investing plan is that I have NO skills at market timing. It appears that you think you do. Why is that? In fact, why DCA just new money? Sell everything and DCA that.
by Earl Lemongrab
Sat Apr 21, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 138
Views: 8183

Re: I’m still not a fan of international bond funds

bobcat2 wrote:
Sat Apr 21, 2018 2:01 pm
I'm quoting from your book. The book you wrote. Are you making a distinction between emerging market debt and emerging market bonds?

BobK
Your quote doesn't show any EE bonds. Looks like you flubbed the copy/paste.
by Earl Lemongrab
Sat Apr 21, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: How do you compare VNQ vs SP500?
Replies: 18
Views: 916

Re: How do you compare VNQ vs SP500?

Your goal isn't clear. It seems like you want to diversify US large cap stocks with other funds, but with ones that behave just like them. So what is the point? Normally you want your diversifiers to behave differently. If you're a contrarian, then the fact that REITs have lagged large cap lately mi...