Search found 54 matches

by percy
Mon Aug 12, 2019 11:41 pm
Forum: Investing - Theory, News & General
Topic: Any downside to changing cost basis method?
Replies: 13
Views: 1014

Any downside to changing cost basis method?

I have a Vanguard account, with two funds set to average cost basis, but I realize now that specID would be better (more flexibility for TLH, etc). Any downsides, major headaches this could cause, other than the new method not applying to past purchases?
by percy
Thu Jul 25, 2019 4:46 pm
Forum: Personal Investments
Topic: new windfall: investment questions
Replies: 22
Views: 3870

Re: new windfall: investment questions

Living Free wrote:
Thu Jul 25, 2019 3:08 pm
travelogue wrote:
Mon Jul 22, 2019 1:12 pm

* You could backdoor Roth.
With that sort of income one should be able to do direct Roth IRA contributions.
Yes, I'm able to make direct contributions, but max. contribution is $7k (over age 50).
by percy
Wed Jul 24, 2019 4:41 pm
Forum: Personal Investments
Topic: new windfall: investment questions
Replies: 22
Views: 3870

Re: new windfall: investment questions

I'm going to park my money in VUSXX. Purchasing that fund in my non-retirement account won't cause any problems or incur add'l taxes, compared to creating a new account just for the VUSXX, will it?
by percy
Mon Jul 22, 2019 8:49 pm
Forum: Personal Investments
Topic: new windfall: investment questions
Replies: 22
Views: 3870

Re: new windfall: investment questions

I would park and hold in VUSXX at Vanguard and take some time to think about your options. After doing some digging around here, looks like VMFXX might be better, with partial tax exemption in CA. Question: I see that I can add this to my non-Roth IRA, or should I start a new account at Vanguard? I...
by percy
Mon Jul 22, 2019 6:21 pm
Forum: Personal Investments
Topic: new windfall: investment questions
Replies: 22
Views: 3870

Re: new windfall: investment questions

I would park and hold in VUSXX at Vanguard and take some time to think about your options. Here’s the Wiki page: https://www.bogleheads.org/wiki/Managing_a_windfall * You could keep some in a CA Muni fund like VCLAX in taxable. * You could keep some in a broad market fund in taxable. * You could ba...
by percy
Mon Jul 22, 2019 11:20 am
Forum: Personal Investments
Topic: new windfall: investment questions
Replies: 22
Views: 3870

Re: new windfall: investment questions

Why do you have the energy fund? Why do you have VFWAX instead of International? No energy fund, I think that was a (fixed) typo. I have VFWAX on Rick Ferri's Core Four advice. How much do you have in your Emergency Fund? $13k You state that a home purchase may be possible? When? How much down paym...
by percy
Mon Jul 22, 2019 10:31 am
Forum: Personal Investments
Topic: new windfall: investment questions
Replies: 22
Views: 3870

Re: new windfall: investment questions

Sorry about the confusion; yes, I was joking about Bitcoin. Since you have earned income from your freelancing, you could look into opening a solo 401k or SEP-IRA and making contributions. https://www.bogleheads.org/wiki/Solo_401(k)_plan https://www.bogleheads.org/wiki/SEP Thanks for reminding me ab...
by percy
Sun Jul 21, 2019 10:01 pm
Forum: Personal Investments
Topic: new windfall: investment questions
Replies: 22
Views: 3870

new windfall: investment questions

I'm fortunate to have just inherited about 400k. I'd love to get suggestions about the best way to invest this. I'm single, mid-fifties, don't own a home (looking into that but waiting for certain life issues to settle). Career is stalled, hoping to increase work income, currently freelancing and in...
by percy
Thu Jan 24, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: Hedge fund manager lost more than 30% in '18: 'Nothing went right'
Replies: 21
Views: 2464

Re: Hedge fund manager lost more than 30% in '18: 'Nothing went right'

OP, You need to change the title of your topic. <<Hedge fund manager lost more than 30% in '18: 'Nothing went right'>> The hedge fund loses money but the hedge fund managers are doing very well collecting their fees. The fund manager did not lose money. KlangFool Important point, but the title is f...
by percy
Thu Jan 24, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: Hedge fund manager lost more than 30% in '18: 'Nothing went right'
Replies: 21
Views: 2464

Re: Hedge fund manager lost more than 30% in '18: 'Nothing went right'

lyrictulip wrote:
Thu Jan 24, 2019 9:44 am
Adverse variance is such a wonderful euphemism for bad luck
Yeah, I'm not very well versed with investment terminology, but that phrase sure stuck out to me as pure bullshit.
by percy
Thu Jan 24, 2019 3:51 am
Forum: Investing - Theory, News & General
Topic: Hedge fund manager lost more than 30% in '18: 'Nothing went right'
Replies: 21
Views: 2464

Hedge fund manager lost more than 30% in '18: 'Nothing went right'

Comedy Gold! "Nothing went right for the entire year," Einhorn said in the letter to investors. "In 2018, the losses were a mile wide and a yard deep. It's much easier to explain results when they are driven by large moves in a few names. It's much harder when the answer is a lot of everything. But...
by percy
Wed Nov 28, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 241
Views: 21370

Re: What is your allocation to U.S. and International?

Has this been posted yet? Didn't see it... International stocks will beat US stocks over next decade: Vanguard Group "The US stock market has produced annualized returns over 10 percent in recent years. That has resulted in many investors who use traditional asset allocation to be overweight U.S. st...
by percy
Wed Nov 01, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4952

Re: Inexpensive house or condo as home base (MKE?)

unclescrooge wrote:
Wed Nov 01, 2017 3:56 am
Have you looked at housing in Thailand or Bali?
Yes, in Thailand.
by percy
Wed Nov 01, 2017 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4952

Re: Inexpensive house or condo as home base (MKE?)

I agree with the take a trip or two before you go. If that pans out I would do storage - paying for 3/4 year unused? What about renting a room from a friend - people with garage apartments or back yard guest houses to store your stuff for like $500/mo and you can stay there for 4 months between tri...
by percy
Tue Oct 31, 2017 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4952

Re: Inexpensive house or condo as home base (MKE?)

Thanks for the feedback, folks.
by percy
Tue Oct 31, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4952

Re: Inexpensive house or condo as home base (MKE?)

I am considering a similar path. I will be interested to read comments on this one. If you are considering the purchase of a condo or house as a "home base", don't forget there are significant expenses associated with home ownership. First, there are all the expenses that come with purchasing the p...
by percy
Tue Oct 31, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4952

Re: Inexpensive house or condo as home base (MKE?)

Why not just get a storage unit? Gill They're expensive, around $80-100/month I think...also, wouldn't provide me with an address, or place to stay when I'm in town. How much time per year will you be nomadic? Where do you want to be when not traveling? Not sure; probably 3/4 of the year or so. I w...
by percy
Tue Oct 31, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4952

Inexpensive house or condo as home base (MKE?)

I'm currently living in an apartment rental in CA, and have inherited some money; on top of my retirement fund I have around $120k with a bit more on the way. I'm thinking about doing longterm traveling/being nomadic overseas, and I had the idea of getting an inexpensive condo or house, to store the...
by percy
Tue Jun 21, 2016 5:11 pm
Forum: Personal Investments
Topic: Inherited portfolio: xfer brokerage, make lazy
Replies: 15
Views: 1552

Re: Inherited portfolio: xfer brokerage, make lazy

Thanks for letting me know about the free trade offer, jjface. I was bummed that I hadn't known about that offer beforehand, but I just called and got $100 plus free trades for the existing transfer.
by percy
Tue Jun 21, 2016 12:33 pm
Forum: Personal Investments
Topic: Inherited portfolio: xfer brokerage, make lazy
Replies: 15
Views: 1552

Re: Inherited portfolio: xfer brokerage, make lazy

What Gill is writing is absolutely true, but it would be nice if percy (the original poster aka OP) could clarify whether these inherited assets do get a step-up basis and the long-term designation and whether these assets paid dividends that might have been reinvested (so the newly purchased share...
by percy
Tue Jun 21, 2016 12:41 am
Forum: Personal Investments
Topic: Inherited portfolio: xfer brokerage, make lazy
Replies: 15
Views: 1552

Re: Inherited portfolio: xfer brokerage, make lazy

Thanks for the replies folks, that helps. Regarding the capital gains, the acquired dates are listed at my Scottrade account, along with short term/long term status. Some have multiple values (short and long term); the newer acquired date being the date the securities were transferred to my account....
by percy
Mon Jun 20, 2016 8:54 pm
Forum: Personal Investments
Topic: Inherited portfolio: xfer brokerage, make lazy
Replies: 15
Views: 1552

Inherited portfolio: xfer brokerage, make lazy

I just inherited a portfolio of about 20 securities, in a new Scottrade account, worth about $40k. I want to sell or exchange all, though some would currently incur short terms capital gains, so I'll wait on those. I'd like to go with a Core Four lazy portfolio (which I've already researched here). ...
by percy
Mon Aug 18, 2014 5:49 pm
Forum: Personal Investments
Topic: Withdrawal of Roth IRA Contributions
Replies: 11
Views: 2934

Re: Withdrawal of Roth IRA Contributions

You need to file F8606 . see http://www.irs.gov/pub/irs-pdf/f8606.pdf pt III on p. 2. IRS needs to see that you aren't taking earnings which you demonstrate by showing your basis in contributions and your current withdrawals. Note that there are 2 lines for basis....one for contributions and one fo...
by percy
Mon Aug 18, 2014 4:07 pm
Forum: Personal Investments
Topic: Withdrawal of Roth IRA Contributions
Replies: 11
Views: 2934

Re: Withdrawal of Roth IRA Contributions

I'm wondering about this as well...I've read through this thread and still am not 100% clear on the issue. I opened a Roth IRA at Vanguard, in Feb 2009. Now I'd like to withdraw less than my initial contribution made then (not touching earnings). I'm under 59 1/2. My impression is that there should ...
by percy
Wed Mar 12, 2014 10:27 am
Forum: Personal Investments
Topic: Complement to TRF? [Target Retirement Fund]
Replies: 13
Views: 1314

Re: Complement to TRF? [Target Retirement Fund]

Yes, I know what's in the TR fund. I chose it because I want something simple that I don't have to rebalance. The allocation is fine. I don't want to change anything necessarily, I'm asking how to invest add'l money that can't be contributed to my Roth IRA. I thought of Core Four because it's anoth...
by percy
Wed Mar 12, 2014 8:57 am
Forum: Personal Investments
Topic: Complement to TRF? [Target Retirement Fund]
Replies: 13
Views: 1314

Re: Complement to TRF? [Target Retirement Fund]

abuss368 wrote:I think you have a very simple and effective portfolio in your Roth with the Target fund. I would seriously consider staying the course and continuing to maximize contributions.
That was my plan...my original question was how to complement that fund.
by percy
Wed Mar 12, 2014 8:52 am
Forum: Personal Investments
Topic: Complement to TRF? [Target Retirement Fund]
Replies: 13
Views: 1314

Re: Complement to TRF? [Target Retirement Fund]

You could set up an individual business retirement account rather than invest in taxable. See these types compared: https://investor.vanguard.com/what-we-offer/small-business/compare-plans Thanks for that. I remember looking into "solo" Individual 40k1's a few years ago, and I can't remember why I ...
by percy
Wed Mar 12, 2014 8:36 am
Forum: Personal Investments
Topic: Complement to TRF? [Target Retirement Fund]
Replies: 13
Views: 1314

Re: Complement to TRF? [Target Retirement Fund]

do you know what is in the TR date fund? There are already a bunch of other funds in this fund of funds. Look: https://investor.vanguard.com/mutual-funds/target-retirement/#/mini/overview/0695 Is this allocation not what you want or do you think changing is just what you want to do? Why? What is th...
by percy
Wed Mar 12, 2014 7:59 am
Forum: Personal Investments
Topic: Complement to TRF? [Target Retirement Fund]
Replies: 13
Views: 1314

Re: Complement to TRF? [Target Retirement Fund]

So ditch the TR fund and do your core four. Make sure the REITS and TBM go in the Roth. TISM and TSM in taxable. Or TISM and Munis in taxable, TSM & REITS in Roth. But definitely REITS in Roth. Thanks. Regarding ditching the TR fund, at Vanguard, with my Roth IRA, I'll be able to exchange that for ...
by percy
Wed Mar 12, 2014 3:09 am
Forum: Personal Investments
Topic: Complement to TRF? [Target Retirement Fund]
Replies: 13
Views: 1314

Re: Complement to TRF? [Target Retirement Fund]

Thanks for the reply. By "Core Four" do you mean Total Stock Market, Total International Stock Market, REITs, and Total Bond Market? Yes. How much do you have in your Roth IRA? Is it held at Vanguard? Do you have an employer plan? $62k in the Roth IRA, held at Vanguard. No employer plan, I'm self-em...
by percy
Tue Mar 11, 2014 8:18 am
Forum: Personal Investments
Topic: Complement to TRF? [Target Retirement Fund]
Replies: 13
Views: 1314

Complement to TRF? [Target Retirement Fund]

I have a Roth IRA with one fund, Vanguard Target Retirement 2030 (VTHRX). I've been contributing to the maximum every year. I have about $26k to invest; I was thinking of Core Four or something similar. That new investment will have to go in a taxable account, though I'm in a low tax bracket. Any th...
by percy
Wed Apr 01, 2009 3:12 pm
Forum: Personal Investments
Topic: Vanguard Target Retirement Fund in Roth: DCA?
Replies: 4
Views: 1118

Thanks folks!
by percy
Wed Apr 01, 2009 12:08 pm
Forum: Personal Investments
Topic: Vanguard Target Retirement Fund in Roth: DCA?
Replies: 4
Views: 1118

Vanguard Target Retirement Fund in Roth: DCA?

I had a Roth IRA with Ameritrade, and I just liquidated the stocks and funds there and transferred the Roth to Vanguard. So I have $11k in it currently, and I can make the full $5k contribution for 2009 very soon. I'm planning on buying one fund--VTHRX--one of the target retirement funds. I'm wonder...
by percy
Sat Mar 07, 2009 7:22 pm
Forum: Investing - Theory, News & General
Topic: Stocks for the Long Run - Let's revisit
Replies: 36
Views: 4941

About a "free" market. There is no such thing in the absolute sense. All markets (everything really) are defined by their constraints, borders, limitations, and the like. The distinction can only be a matter of degree. Freedom in any absolute form does not exist, except perhaps in the mind (and eve...
by percy
Sat Mar 07, 2009 5:25 pm
Forum: Investing - Theory, News & General
Topic: Stocks for the Long Run - Let's revisit
Replies: 36
Views: 4941

Ok, so we have all been taught that stocks always go up over the long run and because the economy grows over time and therefore corporate earnings and dividends grow over time. It was this basic premise that more than anything that convinced me to accept the risk in equities. But I'm starting to ha...
by percy
Sat Jan 24, 2009 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: schedule C expenses: how to categorize
Replies: 9
Views: 2605

Re: schedule C expenses: how to categorize

Anyone know if there's a resource at the IRS site or elsewhere that goes into detail about categorizing Schedule C expenses? Like what kinds of things are allowed in which categories (ie, supplies, office expense, etc.) I have an accountant to consult with, but it would be nice to have a resource t...
by percy
Sat Jan 24, 2009 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: schedule C expenses: how to categorize
Replies: 9
Views: 2605

The IRS has a guide to business expenses at www.irs.gov look under "publications". Publication 535? http://www.irs.gov/publications/p535/index.html Or did you have another one in mind? I've only quickly browsed, but so far I'm not finding what I was looking for in 535. I was looking for lists of sp...
by percy
Sat Jan 24, 2009 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: schedule C expenses: how to categorize
Replies: 9
Views: 2605

Re: 1040 Instructions Booklet

tomd37 wrote:Appendix C to the 1040 Instructions book has a good explanation for each line on Schedule C.
Thanks. I just downloaded the 2008 1040 instructions, and can't find an "appendix C." Should I try an earlier year?
by percy
Sat Jan 24, 2009 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: schedule C expenses: how to categorize
Replies: 9
Views: 2605

schedule C expenses: how to categorize

Anyone know if there's a resource at the IRS site or elsewhere that goes into detail about categorizing Schedule C expenses? Like what kinds of things are allowed in which categories (ie, supplies, office expense, etc.) I have an accountant to consult with, but it would be nice to have a resource to...
by percy
Wed Jan 07, 2009 7:18 pm
Forum: Personal Investments
Topic: Portfolio help requested
Replies: 10
Views: 1967

One more question: what's the advantage to moving my accounts from Ameritrade to Vanguard?
by percy
Mon Jan 05, 2009 1:46 pm
Forum: Personal Investments
Topic: Portfolio help requested
Replies: 10
Views: 1967

Laura:

Thanks much for the advice. I had been wondering if it would be a good idea to move my accounts to Vanguard--now I'm planning to do that. I'm going to contact a Vanguard rep and look into the individual 401k.
by percy
Fri Jan 02, 2009 1:49 pm
Forum: Personal Investments
Topic: Portfolio help requested
Replies: 10
Views: 1967

I have no employees. The investments in my taxable account (not the Roth) were made mainly with an inheritance, not income. Does that make me ineligible for the Solo/Individual 401K?
by percy
Thu Jan 01, 2009 11:03 pm
Forum: Personal Investments
Topic: Portfolio help requested
Replies: 10
Views: 1967

Re: Sheltering Money

percy, Before you make any changes at all you should look into small business plans including the individual 401k at Vanguard. You can find more information about other small business plans at Vanguard . As a small business owner you can shelter a tremendous amount of money. You want to maximize al...
by percy
Thu Jan 01, 2009 10:12 pm
Forum: Personal Investments
Topic: Portfolio help requested
Replies: 10
Views: 1967

Hi Laura:

Thanks for the reply. I'm self-employed. I'm curious about Solo 401k plans--I think I'd be eligible for that. Although speaking of "easy to manage," I've read that these plans require a good deal of administration.
by percy
Thu Jan 01, 2009 8:34 pm
Forum: Investing - Theory, News & General
Topic: The Core Four
Replies: 320
Views: 208101

It is interesting to see this post resurrected after one year. I am happy to report that since this conversation started I made no changes to any portfolio. Discipline is the key to success in any long-term investment plan. Rick Ferri That's what I was wondering--if your Core Four recommendations w...
by percy
Thu Jan 01, 2009 8:30 pm
Forum: Personal Investments
Topic: Portfolio help requested
Replies: 10
Views: 1967

Portfolio help requested

I'd greatly appreciate advice regarding my portfolio. I consider myself a neophyte when it comes to finance and investing, but I have been trying to educate myself for the last year or so. I've been lurking here, and have been reading "Only Investment Guide..." by Tobias, "The Intelligent Investor,"...
by percy
Wed Dec 31, 2008 2:40 am
Forum: Investing - Theory, News & General
Topic: The Core Four
Replies: 320
Views: 208101

I'm thinking about going with one of these. Any changes, one year later (the excerpt below is from 12/31/07)? In review, we have put forth three simple portfolios: The CORE FOUR Vanguard Total Stock Market Index Fund (VTSMX – fee 0.19%) Vanguard FTSE All-World ex-US Index Fund (VFWIX – fee 0.40%)* V...
by percy
Fri Sep 26, 2008 1:35 pm
Forum: Investing - Theory, News & General
Topic: JPM to acquire WaMu
Replies: 42
Views: 12591

As has been pointed out, the 5% CD is still listed. Should be safe (under 110k) right? Relatively safe?
by percy
Mon Aug 04, 2008 5:07 pm
Forum: Investing - Theory, News & General
Topic: Ben Stein on Fox News
Replies: 20
Views: 4948

I never knew that much about Stein, but he always seemed smart and funny, until I heard about his involvement in the documentary, " Expelled: No Intelligence Allowed ." Regardless of how you feel about Creationism and Intelligent Design, he says some pretty crazy stuff, like "Love of God and compass...
by percy
Tue Jul 29, 2008 10:25 pm
Forum: Investing - Theory, News & General
Topic: CDs with ailing banks
Replies: 5
Views: 1461

I decided to go with Wamu's 8 month CD. If I get stiffed, I'll let you all know!