Search found 60979 matches

by livesoft
Sun Jul 15, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: Morgan Stanley Wealth Management
Replies: 8
Views: 809

Re: Morgan Stanley Wealth Management

So they generated $40 million in commissions, but only paid a $34 million fine. Sigh!

Crime does pay.
by livesoft
Sun Jul 15, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: want to improve returns by 1%/year on a portfolio
Replies: 6
Views: 655

Re: want to improve returns by 1%/year on a portfolio

The $450K in taxable should have no bond funds in it. That's costing her in taxes. She should become adept at tax-loss harvesting, too.

She can probably reduce her income taxes that would help her and she could use a 2% or more cash back credit card that can help, too.
by livesoft
Sun Jul 15, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: turnover rate impact on return
Replies: 11
Views: 542

Re: turnover rate impact on return

I don't care about turnover of passively-managed low-expense ratio index funds, so I just don't have a cutoff. One can compare an index fund's performance to its benchmark. If the fund's performance is inline with its benchmark, then I don't see a problem with the caveat that the fund should still b...
by livesoft
Sun Jul 15, 2018 5:03 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 41
Views: 2428

Re: Bears!!!

^I was a guest at my friends house out west last week. They generate even less garbage than we do and put the small amount of daily stuff in smalled sealed plastic bags before putting into kitchen garbage can. No ants, no flies, no smells. Sure, it requires a change in mind set, but just like backpa...
by livesoft
Sun Jul 15, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Travel to Mainland China - Cyber Security
Replies: 14
Views: 884

Re: Travel to Mainland China - Cyber Security

I was in China last year. I didn't worry about it, but since gmail doesn't work in China, I got another non-gmail e-mail address for people to contact me. Not only do I assume the Chinese government sees everything I do, I also know the US government does as well as recently confirmed be recent news...
by livesoft
Sun Jul 15, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: Brokers sell ETF order flow used to trade against clients
Replies: 16
Views: 819

Re: Brokers sell ETF order flow used to trade against clients

And don't forget to read Scott Patterson's Dark Pools which covers the same ground, but better and a couple years before Michael Lewis.
by livesoft
Sun Jul 15, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 41
Views: 2428

Re: Bears!!!

While I don't have bears at home, I have recently encountered bears on separated occasions while camping. My research paid off and I was not hassled by the bears. Since your bear(s) know about garbage cans, I think you are pretty much screwed. Back at my house, we have minimal garbage, say one 13 ga...
by livesoft
Sun Jul 15, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: How often do you buy a primary residence?
Replies: 36
Views: 2367

Re: How often do you buy a primary residence?

We have only bought one house and we still live in it. I do know people who switch homes every few years in the same ZIP code. These are folks who are either realtors or home builders or interior decorators. Our home value has not kept up with inflation in the 24 years we have owned it. We have cert...
by livesoft
Sat Jul 14, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: Choosing a Used Car Model
Replies: 12
Views: 1035

Re: Choosing a Used Car Model

What do your friends and family drive that are in similar circumstances? They should let you test drive their cars.
by livesoft
Sat Jul 14, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: How to determine weights within portfolio
Replies: 28
Views: 1169

Re: How to determine weights within portfolio

There are no lasting optimal weights for a portfolio. The optimal weights probably change monthly, if not daily, and are certainly different today than they will be in the future. So my advice, is to give up on your quest and go with good enough. And that's why you have not come up with any practica...
by livesoft
Sat Jul 14, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Braces: Keeping cost down and insurance questions.
Replies: 15
Views: 966

Re: Braces: Keeping cost down and insurance questions.

While I believe that orthodontists are more expensive in wealthy areas, your explanation that somehow the market is rationing mouths to orthos to ensure equal standards of living would be novel. Worthy of publication for sure. I suggest that rent and labor costs are higher in HCOL areas, price sens...
by livesoft
Sat Jul 14, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]
Replies: 14
Views: 588

Re: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]

1. You would use "sell" if you want to transfer the money out of Vanguard into your bank account. 2. There should be no taxes due as a result of selling the money market. Barring catastrophic circumstances, money market funds will always keep a $1.00 per share value so there should not be any capit...
by livesoft
Sat Jul 14, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Splitting Monies between multiple investment houses
Replies: 17
Views: 1329

Re: Splitting Monies between multiple investment houses

We have investments spread out to a few financial institutions. It is pretty trivial to do. We have it set up this way: 1. One place for almost ALL transactions. All rebalancing is done in this account, so while it does not need to have the same asset allocation as the overall portfolio, it should p...
by livesoft
Sat Jul 14, 2018 3:17 pm
Forum: Investing - Theory, News & General
Topic: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]
Replies: 14
Views: 588

Re: [How do I transfer money from Vanguard New York Municipal Money Market Fund?]

1. Do I hit "sell" button and enter the amount? (instead of "exchange" button) 2. Is there any tax consequence on this transfer? Thank you so much in advance! Hope everyone is enjoying the summer. I would say: Try both and see what happens up to the "Confirm" button. At that point, click on "Cancel...
by livesoft
Sat Jul 14, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Alignment Guidance
Replies: 7
Views: 500

Re: Parking CASH & Raising interest rate?

One alternate: Do nothing. It's a good one.
by livesoft
Sat Jul 14, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Braces: Keeping cost down and insurance questions.
Replies: 15
Views: 966

Re: Braces: Keeping cost down and insurance questions.

One of our children got braces. We shopped orthodontists and found the following: 1. In wealthy areas, there are too many orthodontists, so the potential mouths per orthodontist are less than in an area with same population density with fewer orthodontists. 2. With less competition, the orthodontist...
by livesoft
Sat Jul 14, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 94
Views: 6453

Re: Early retirement

..., I would get responses such as: - I don't have any $ saved for retirement - I have so much debt that I will work until I die - My first wife took all of my money, so I have no hope of retiring until I am 80 ... The above are typical "small-talk" responses. Even multi-millionaires have said thos...
by livesoft
Sat Jul 14, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 94
Views: 6453

Re: Early retirement

See the early retirement forum:
http://www.early-retirement.org/forums/f21/

and watch Early Retirees do social media with people like them. That's what they do all day.
by livesoft
Fri Jul 13, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1934
Views: 349335

Re: What are you up YTD? [Year To Date]

I use MS Money to calculate portfolio performance. I keep track of every single transaction with this bit of free software. It uses the XIRR() algorithm without you having to know how to use spreadsheet. It also allows many different performance reports from the same data. MS Money gives the same p...
by livesoft
Fri Jul 13, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Acceptable Returns YTD - Question
Replies: 2
Views: 231

Re: Acceptable Returns YTD - Question

I use a few passively managed mutual funds as my benchmarks: VSMGX and DGSIX because my actual portfolio has a 60/40 asset allocation with US and international equities.

For you, I would recommend vanguard lifestrategy growth which I think has an AS of 80/20.
by livesoft
Fri Jul 06, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Active Management Justification
Replies: 33
Views: 1805

Re: Active Management Justification

I'd say wrong comparison to wrong benchmark. MGIAX is called "International Value A", but actually has a severe growth tilt according to morningstar.com Also it is large-cap and has NO emerging markets at the present time. EM has not done well lately. Show chart of MGIAX vs VWILX (Vanguard Internati...
by livesoft
Wed Jul 04, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: Keto Diet
Replies: 16
Views: 1421

Re: Keto Diet

The wife and I are looking into trying out the low carb/low sugar/high fat keto diet. Any experiences with it? Also, any good books or keto programs anyone would recommend? Thanks! I don't think you need to try out anything. Just try to cut out carbs and sugars and see what happens first. That migh...
by livesoft
Wed Jul 04, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: Older Women Lifting Weights
Replies: 87
Views: 6148

Re: Older Women Lifting Weights

My spouse does Body Pump
and a friend of mine on the other side of the world is a certified Body Pump instructor. She is quite intimidating.

Does that count?
by livesoft
Wed Jul 04, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-friendlier alternatives to Vanguard Extended Market?
Replies: 22
Views: 1988

Re: Tax-friendlier alternatives to Vanguard Extended Market?

VIOV
IJS

??

Don't forget to look at yield in conjunction with QDI rate.

Does triceratop's tax-efficiency spreadsheet give us a clue?
by livesoft
Wed Jul 04, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Switch to LT bonds in this falling rate environment?
Replies: 43
Views: 2690

Re: Switch to LT bonds in this falling rate environment?

Using this guideline, one would barely be justified to extend Treasury maturity from 1-year to 2-year, with just about 20 bps extra yield for doing so. Only about 10 bps to extend to 3-year, and it gets worse (flatter) after that. I would not be surprised to see fleeting changes to bond ETF prices ...
by livesoft
Wed Jul 04, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Vacuum Quandary
Replies: 10
Views: 904

Re: Vacuum Quandary

You are going to have to have a working vacuum cleaner eventually, so I don't see a problem putting a new working vacuum cleaner in storage with the rest of your stuff if it comes to that.
by livesoft
Wed Jul 04, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cash position
Replies: 42
Views: 4516

Re: Fidelity cash position

How about using some of the no-commission ETFs? I do that at TDAmeritrade and just call them "bond funds." Examples for me are BIL and FLRN. They are probably different free ones at Fidelity. The way to get around the 30-day early redemption is to have some of both. Start one, then the other about 1...
by livesoft
Wed Jul 04, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Short term vs Long term gains tax when selling stocks
Replies: 2
Views: 245

Re: Short term vs Long term gains tax when selling stocks

If you do not specify which shares to sell, then the oldest shares will be sold by your broker. See IRS Publication 550 for more details.
by livesoft
Wed Jul 04, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Announced Dividend Not Given Out?
Replies: 8
Views: 757

Re: Announced Dividend Not Given Out?

FWIW, scheduling a date is not the same as declaring a dividend. DGS sometimes does not pay a quarterly dividend. This ETF is a small-cap value emerging markets fund. In 2017 and 2018 DGS did not pay a dividend at the scheduled time in March. The WisdomTree web site shows the date though and the amo...
by livesoft
Wed Jul 04, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Using 529 to pay rent and meal off-campus?
Replies: 25
Views: 2258

Re: Using 529 to pay rent and meal off-campus?

You were lucky. It doesn't mean it can't happen. See Spirit Rider's post. They can ask for documentation and if you don't have it, they can charge taxes and penalties on the 529 withdrawals that isn't supported by your documentation. I'm sure we can find an apartment lease agreement around here som...
by livesoft
Wed Jul 04, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 120
Views: 8974

Re: Vanguard to offer non-Vanguard ETFs commission-free

MBB_Boy wrote:
Wed Jul 04, 2018 11:22 am
Sorry, didn't see it earlier. I wrote the reply when I came across your comment, so would have missed you saying so later
No need to apologize at all. I have written this in years past and not in the thread. And I'll be saying it again in the future, too. :)
by livesoft
Wed Jul 04, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Wealth Management Thoughts
Replies: 27
Views: 2105

Re: Morgan Stanley Wealth Management Thoughts

So where is that? What type of investments should I look into? a. Select a financial institution from the following list: Vanguard Fidelity Schwab TDAmeritrade Merrill Edge WellsTrade b. Any and all of the above offer passively-managed, low-expense-ratio index funds and ETFs that you can invest in ...
by livesoft
Wed Jul 04, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: Switch to LT bonds in this falling rate environment?
Replies: 43
Views: 2690

Re: Switch to LT bonds in this falling rate environment?

I certainly switched [some money] back in May to longer duration bonds at least for a little while. :twisted: I will continue to do bond fund market timing as I see fit going forward. For instance, now that bond funds have recovered quite a bit, I would not be buying longer duration at this time poi...
by livesoft
Wed Jul 04, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 120
Views: 8974

Re: Vanguard to offer non-Vanguard ETFs commission-free

Ah, it's nice when feedback to Vanguard leads to implementation. The costs and expenses to implement commissions are probably higher than any income that they get from commissions anyways. This is also why Robinhood and M1 Finance are not going to survive in my opinion. Pretty sure the long term pl...
by livesoft
Wed Jul 04, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Can I finance a new home abroad (Carribean)???
Replies: 53
Views: 4229

Re: Can I finance a new home abroad (Carribean)???

@livesoft Do you have anything productive to add to this thread? The closest experts to this situation are your sister and brother-in-law. They should be able to tell you: a. How many foreign residents bought property where you want to buy property? b. How many of them have loans, what kind of loan...
by livesoft
Wed Jul 04, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?
Replies: 25
Views: 1443

Re: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?

MortgageOnBlack wrote:
Wed Jul 04, 2018 10:50 am
CO is Colorado and I’m not a Subaru fan for reasons mostly related to my experience with Honda/Toyota, pride and preference ;-)
I hear ya. We have at least half a million miles in our Honda, Toyota, and Lexus vehicles over the years. Plus about 200,000 in a Nissan. :)
by livesoft
Wed Jul 04, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Using 529 to pay rent and meal off-campus?
Replies: 25
Views: 2258

Re: Using 529 to pay rent and meal off-campus?

Technically, you will need copies of itemized receipts if the IRS ever comes and audits. Not having anything is asking for trouble. Showing that you have an organized system and have the backup available is the right thing to do to prepare for the possibility. But practically, this is not needed. W...
by livesoft
Wed Jul 04, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Using 529 to pay rent and meal off-campus?
Replies: 25
Views: 2258

Re: Using 529 to pay rent and meal off-campus?

@Spirit Rider, Thanks for chiming in with the clarifications. I wonder if we (folks at bogleheads.org) can figure out the differences between those that get CP2000 notices and those that don't??? I know that the 1098-T that we get has only tuition and fees which are about equal to room & board for u...
by livesoft
Wed Jul 04, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Individual tech stock - what would you do?
Replies: 9
Views: 570

Re: Individual tech stock - what would you do?

This is very interesting since it would support our goal for contributing to their college education. How would this work if they already have a 529 (American Funds) plan set up under my wife’s name? A beneficiary can have lots of different 529 plans. It would work like any other 529 plan. FYI, Ame...
by livesoft
Wed Jul 04, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Second Opinion(s) on Financial Situation Married Couple 55 years old.
Replies: 39
Views: 4101

Re: Second Opinion(s) on Financial Situation Married Couple 55 years old.

mtwhmemn wrote:
Wed Jul 04, 2018 8:58 am
Great, I don't have to do that budget//calculate expenses now!
And if neither of you work, then you will not be paying FICA / medicare taxes which are not a small chunk of your current budget. Your health care expenses may go up once you all stop using health insurance from employer.
by livesoft
Wed Jul 04, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Can I finance a new home abroad (Carribean)???
Replies: 53
Views: 4229

Re: Can I finance a new home abroad (Carribean)???

My sister and brother in law live and work in the neighborhood I would purchase. In fact my brother in law sells real estate there and works directly for the family that owns most of the land and developments. [...] Any new feedback or guidance now that you have more background? I really value all ...
by livesoft
Wed Jul 04, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Using 529 to pay rent and meal off-campus?
Replies: 25
Views: 2258

Re: Using 529 to pay rent and meal off-campus?

Theseus wrote:
Wed Jul 04, 2018 8:36 am
In that case am I able to allocate maximum indicated by the college for the meal plan?
No. The amount you can use is the minimum of what she actually spends and the meal plan. Please read Publication 970.
by livesoft
Wed Jul 04, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Individual tech stock - what would you do?
Replies: 9
Views: 570

Re: Individual tech stock - what would you do?

I would: 1. Donate some shares to my Donor-Advised Fund. I would donate enough so that I could itemize, too. This may mean that I have to bunch some other tax deductions. 2. Gift some shares to my kids who would sell the shares and put the money in their own newly opened 529 plans (that is, not my 5...
by livesoft
Wed Jul 04, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2331

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

I have found that many people do not understand that the marginal income tax rate is not what they pay on all their income. In particular, my MIL didn't want to pay any taxes, so even though her income was less than $10,000 a year, she used only tax-exempt muni bond funds. She would have made more a...
by livesoft
Wed Jul 04, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Can I finance a new home abroad (Carribean)???
Replies: 53
Views: 4229

Re: Can I finance a new home abroad (Carribean)???

Miakis wrote:
Wed Jul 04, 2018 7:59 am
The plan makes almost no sense.
Nate79 wrote:
Wed Jul 04, 2018 12:07 am
This doesn't make sense at all.
ElmoHongZito wrote:
Tue Jul 03, 2018 9:24 pm
I am not comfortable purchasing a home cash and much less in another country.
... I don’t think is a smart decision.
Well, at least everyone agrees with each other. Might as well close this thread.
by livesoft
Wed Jul 04, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?
Replies: 25
Views: 1443

Re: 1991 Honda Civic, 160k. Is it time for a new car? or newer used car?

I don't get it. You have two cars. You don't need two cars. Get rid of the Honda and drive your other car if it has AC. Otherwise, get rid of both of them and drive a Subaru. You're in CO (does that mean Colorado?)!
by livesoft
Wed Jul 04, 2018 7:56 am
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 3920

Re: Monthly Water Usage

Just got a water bill yesterday which always shows usage for past 13 months for comparison. In low usage months (Nov-Feb) we averaged 4,000 gallons a month. The other months we have to use our lawn sprinkler system and it goes to about 15,000 gallons a month. Since the kids are not home much, that's...
by livesoft
Wed Jul 04, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Using 529 to pay rent and meal off-campus?
Replies: 25
Views: 2258

Re: Using 529 to pay rent and meal off-campus?

As noted, the answer is basically YES with the caveat to not exceed the what Publication 970 says one can with an off-campus living arrangement. (there is no form 970) We've done this for years and years. First, the IRS is not going to come checking on you. Second, sometimes we give money to student...