Search found 64777 matches

by livesoft
Sat Feb 23, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to figure out taxable income by Dec. 31 for Roth?
Replies: 5
Views: 294

Re: How to figure out taxable income by Dec. 31 for Roth?

You practice figuring it out the year before and the year before that. Some gotchas seen in the past: 1. Don't forget to add the foreign taxes paid by your mutual funds / ETFs to your income. It won't show up on your statements before the end of the year. 2. Don't forget to add distributions declare...
by livesoft
Sat Feb 23, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to ensure USPS mailed tax return makes it to IRS
Replies: 29
Views: 1296

Re: Best way to ensure USPS mailed tax return makes it to IRS

First-class postage and be sure to put it in the mail box. No extra anything and don't worry about it. If you mail at the post office in person, then you will get a receipt for the payment of postage which may give you peace of mind. If you add a check, so much the better because if the check is cas...
by livesoft
Sat Feb 23, 2019 11:26 am
Forum: Personal Investments
Topic: I'm essentially market timing, but can't bring myself to stop.
Replies: 28
Views: 1373

Re: I'm essentially market timing, but can't bring myself to stop.

You are right, so are you saying I should just buy maybe regularly? Like plan on doing 5k a month or something? P.S. no index will match the performance of this particular stock over the past few years, it was a significant outperformer. It literally doubled in value. My wife is onboard with sellin...
by livesoft
Sat Feb 23, 2019 10:48 am
Forum: Personal Investments
Topic: I'm essentially market timing, but can't bring myself to stop.
Replies: 28
Views: 1373

Re: I'm essentially market timing, but can't bring myself to stop.

Because I feel like if a crash happens, I’d be in an amazing position to buy low with our excess cash. I’m fully aware I’m irrational because I don’t know when it will happen and when the bottom will be. You WERE in an amazing position to buy equities in December. Your behavior in December tells me...
by livesoft
Sat Feb 23, 2019 9:54 am
Forum: Personal Investments
Topic: Is anything "cheap" right now?
Replies: 30
Views: 2142

Re: Is anything "cheap" right now?

DGS is still trading well under the highs for the past year. Full disclosure: I own this ETF and have bought more shares recently. I don't know if it is cheap and I don't care.
by livesoft
Sat Feb 23, 2019 9:51 am
Forum: Personal Investments
Topic: How to move Edward J accounts/funds to Vangard or fidelity
Replies: 6
Views: 362

Re: How to move Edward J accounts/funds to Vangard or fidelity

Have Vanguard initiate a transfer-in-kind for each account and expect to pay an account closing fee for each and every one of your EJ accounts. Deal with selling once at Vanguard. Make sure cost basis information transfers over and make hardcopies of all transactions just in case it doesn't. That is...
by livesoft
Sat Feb 23, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Why is this stock not in Vanguard funds?
Replies: 17
Views: 1016

Re: Why is this stock not in Vanguard funds?

Maybe all the shares are closely held and not available for purchase by outsiders?

If you give me a few days, then I can get info from my Sydney investment banking contacts and find out more.
by livesoft
Sat Feb 23, 2019 9:40 am
Forum: Personal Investments
Topic: I'm essentially market timing, but can't bring myself to stop.
Replies: 28
Views: 1373

Re: I'm essentially market timing, but can't bring myself to stop.

I tax loss harvested some stock into a total market fund to reach 3k in losses for the year. That’s about it. I know I should have bought more stock at that time. This actual behavior tells me that you actually don't buy when the market has the drop that you were waiting for. You are a terrible mar...
by livesoft
Sat Feb 23, 2019 9:23 am
Forum: Personal Investments
Topic: I'm essentially market timing, but can't bring myself to stop.
Replies: 28
Views: 1373

Re: I'm essentially market timing, but can't bring myself to stop.

So what has your experience been when there is a big market drop? What did you do on December 24, 2018? That will tell you how you react to waiting for a big market drop.
by livesoft
Sat Feb 23, 2019 9:20 am
Forum: Personal Investments
Topic: new/skeptical investor
Replies: 18
Views: 1009

Re: new/skeptical investor

If you were not happy to pay 1% for not getting better returns (that is, you probably got average returns), then are you going to be happy paying 0.3% to get average returns? Maybe you would be happy paying 0% for average returns? OTOH, with the size of your portfolio, I think I tax efficiency is a ...
by livesoft
Sat Feb 23, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Bank Soft-Pull Credit Check Every Month for One Year?
Replies: 7
Views: 538

Re: Bank Soft-Pull Credit Check Every Month for One Year?

Do you have overdraft protection turned on? Did you turn on credit score reporting which many banks do nowadays?
by livesoft
Sat Feb 23, 2019 8:52 am
Forum: Personal Investments
Topic: Cost Basis Calculation
Replies: 9
Views: 383

Re: Cost Basis Calculation

The OP needs to consider that paying someone $500 to do the research for them might be more than the tax savings stemming from just putting in a low estimate of the cost basis. That is, why pay $2 to save $1 in taxes?
by livesoft
Sat Feb 23, 2019 8:27 am
Forum: Personal Investments
Topic: Cost Basis Calculation
Replies: 9
Views: 383

Re: Cost Basis Calculation

First, a stock cannot use Average Basis anyways. For a non-covered stock, you should have your records. If the company had any splits or mergers or acquisition, then the company web site (or the current company) will have an "Investors relations" link with all kinds of information. That information ...
by livesoft
Sat Feb 23, 2019 8:16 am
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 3
Views: 232

Re: Max drawdown data for different AA

That is not data. One can tell because all the numbers are so nice. Here are some links to data: https://paulmerriman.com/fine-tuning-tables-2018/ But once again, the data starts in 1970. It probably starts then because one could not really buy index funds earlier than that nor invest readily in a c...
by livesoft
Sat Feb 23, 2019 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Wash Sale Reporting.....All Shares Sold
Replies: 4
Views: 352

Re: Wash Sale Reporting.....All Shares Sold

I would let my tax software import the 1099-B and wouldn't worry about whether 8949 was used or not. Indeed, that's exactly what I did with all shares sold and the 8949 shown in this post: https://www.bogleheads.org/forum/viewtopic.php?p=2786864#p2786864 In reality, I don't think it would matter in ...
by livesoft
Sat Feb 23, 2019 6:31 am
Forum: Investing - Theory, News & General
Topic: Asset classes trading near 52-week lows
Replies: 5
Views: 687

Re: Asset classes trading near 52-week lows

No one listened to me, now it's bounced back over 20%. Just sayin' Of course, since the December 24th lows, even US stock index funds are up over 20%: 20.26% VTSAX Total US Stock Markets 23.69% VSIAX US small cap value index 26.39% IJS small cap value index So one didn't have to deal with China. I'...
by livesoft
Sat Feb 23, 2019 6:18 am
Forum: Personal Investments
Topic: Waiting period between buying/selling ETF/MF?
Replies: 4
Views: 260

Re: Waiting period between buying/selling ETF/MF?

1. If one places an order to sell a mutual fund, the NAV that the fund is sold at will not be known until after the next market close and thus the amount of cash that one gets after placing the order will not be known until after the next market close. Unless one is using a margin account, then I do...
by livesoft
Fri Feb 22, 2019 9:00 pm
Forum: Personal Investments
Topic: Edward J rep is not answering my Questions
Replies: 24
Views: 2285

Re: Edward J rep is not answering my Questions

There must be some monthly statements around to show you the class A charges which are usually a minimum of 4.5% front-end load. The EJ guy has had training in preventing clients from extracting themselves. And when they do extract themselves he has had training in getting an extra pound of flesh ou...
by livesoft
Fri Feb 22, 2019 6:21 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"
Replies: 22
Views: 2742

Re: "Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"

nisiprius wrote:
Fri Feb 22, 2019 5:52 pm
This is a disturbing headline, but the "loss" is not a loss of money for investors in the fund, it's just a loss of assets for Vanguard.
It is probably not even a reduction in assets for Vanguard. I conjecture that the money went into Vanguard ETFs --- equity ETFs.
by livesoft
Fri Feb 22, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"
Replies: 22
Views: 2742

Re: "Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"

I don't see anything about losing real money there, though the thread title suggests money was lost. It is just that somebody's $1.4 Billion that were in some bond ETFs probably moved into equity ETFs ... although terribly late with market timing on that one. Somebody had to buy the bond ETFs or the...
by livesoft
Fri Feb 22, 2019 3:31 pm
Forum: Personal Investments
Topic: Buying VMMXX on Vanguard
Replies: 22
Views: 1559

Re: Buying VMMXX on Vanguard

Yes, it is all messed up. I posted screen capture about my annoyance in this thread:
viewtopic.php?p=4382978#p4382978

But the thing is: If Vanguard lets a client enter a transaction and doesn't prevent it, then I consider that a "It works!"
by livesoft
Fri Feb 22, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: How to make a good, accurate map of a small village
Replies: 17
Views: 1426

Re: How to make a good, accurate map of a small village

This is a very promising idea. Thanks, Livesoft. Can you elaborate a little more please? I am not familiar with GPS apps - what is an example of what you are speaking of? And when you say "upload the data" do you mean that the app ... I was thinking of something like alltrails.com or mapmyhike.com ...
by livesoft
Fri Feb 22, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: Statistics/risk of using a bond fund to "park" money for six months
Replies: 15
Views: 874

Re: Statistics/risk of using a bond fund to "park" money for six months

And for the record, with regard to the poster's question, I wasn't really trying to address the question of, let's say, "dirty grey swans" like national policy changes. It was more like, under "normal" circumstances, what is the real nature of the risk you incur if you decide to use a short-term or...
by livesoft
Fri Feb 22, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What to do with my kids' taxes this year??
Replies: 9
Views: 312

Re: What to do with my kids' taxes this year??

I suggest you get better tax prep software that is not online, say download/desktop tax prep software. I use HRBlock tax prep software and it solves the kiddie tax problem by using information from parent's and child[ren]'s tax returns*. It will tell you all you need to know about this and help you ...
by livesoft
Fri Feb 22, 2019 10:10 am
Forum: Investing - Theory, News & General
Topic: Statistics/risk of using a bond fund to "park" money for six months
Replies: 15
Views: 874

Re: Statistics/risk of using a bond fund to "park" money for six months

This is basically a re-post of this, but I thought it was worthy of a general discussion. A poster who wants "a safe place to park money for six months," unsatisfied with money market fund returns, has decided to use an intermediate-term bond fund for that purpose (He thinks the Fed has "officially...
by livesoft
Fri Feb 22, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: What to do with my kids' taxes this year??
Replies: 9
Views: 312

Re: What to do with my kids' taxes this year??

What tax prep software do you use for your own returns?
by livesoft
Fri Feb 22, 2019 10:01 am
Forum: Investing - Theory, News & General
Topic: Statistics/risk of using a bond fund to "park" money for six months
Replies: 15
Views: 874

Re: Statistics/risk of using a bond fund to "park" money for six months

I don't think one can look at these things in the absence of context. For instance, back in 1979-1980, I believe there was something called the Savings & Loan crisis and inflation was running rampant, to put it mildly. In 1979, the Federal Reserve System of the United States raised the discount rate...
by livesoft
Fri Feb 22, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: What to do with my kids' taxes this year??
Replies: 9
Views: 312

Re: What to do with my kids' taxes this year??

How old are your children?
by livesoft
Fri Feb 22, 2019 9:25 am
Forum: Personal Investments
Topic: What investing strategy do you consider most ideal (two scenarios)?
Replies: 21
Views: 1298

Re: What investing strategy do you consider most ideal (two scenarios)?

The OP is a setup so that I can post something I already posted again. Paraphrasing Homer: Ah, yes. But Bogleheads will help investors navigate between the day-trading Scylla and the leveraged Charybdis with ease. But that is only if they can first tie themselves to the 3-fund portfolio mast while t...
by livesoft
Fri Feb 22, 2019 8:25 am
Forum: Personal Investments
Topic: Where to open an IRA
Replies: 4
Views: 199

Re: Where to open an IRA

I posted this back in 2008 http://www.bogleheads.org/forum/viewtopic.php?p=278509#p278509 and it still applies: I posted this in another "broker" thread: Let's face it, what a Boglehead would want from a brokerage is not what a trader would want from a brokerage. Here are some criteria in order of i...
by livesoft
Thu Feb 21, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: How to make a good, accurate map of a small village
Replies: 17
Views: 1426

Re: How to make a good, accurate map of a small village

If you live in/can visit the small village, then you can walk every street/nook/cranny while having your smartphone track your progress. Plenty of GPS apps will do this for you. Upload the data and you are all set to superimpose it on a satellite or aerial photo or other map.
by livesoft
Thu Feb 21, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance car purchase for teen
Replies: 60
Views: 2678

Re: How to finance car purchase for teen

We gave our college graduates the oldest car at home and bought another car for ourselves. That meant they were driving a car that they were used to, but had not driven much in the preceding 3 years.
by livesoft
Thu Feb 21, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 88
Views: 5764

Re: Job Offer - 24 Hours to Decide?

We don’t know the employer’s side of the deadline. What if their second choice has told them she needs an offer within 48 hours or she is going to take another job? I don’t think 72 hours is unreasonable either, but neither is 24 hours. I had the same thought: There might be another candidate that ...
by livesoft
Thu Feb 21, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fixing a Tax Mistake re 529 Plan Withdrawals and AOTC
Replies: 44
Views: 860

Re: Fixing a Tax Mistake re 529 Plan Withdrawals and AOTC

stuper1 wrote:
Thu Feb 21, 2019 7:32 pm
Does anybody see any flaws here?
Isn't your student supposed to put that income on their own tax return and not on your return? Maybe they won't have to pay any taxes on that amount at all?
by livesoft
Thu Feb 21, 2019 5:15 pm
Forum: Personal Investments
Topic: Selling Funds within Vanguard IRA to buy New
Replies: 2
Views: 225

Re: Selling Funds within Vanguard IRA to buy New

If you were selling Vanguard products, the money is immediately available to buy Vanguard mutual funds or products. Note that selling Vanguard mutual funds, you won't know the dollar amount until the sell is reported overnight, so that by "immediately available" I mean one can do a Vanguard mutual f...
by livesoft
Thu Feb 21, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fixing a Tax Mistake re 529 Plan Withdrawals and AOTC
Replies: 44
Views: 860

Re: Fixing a Tax Mistake re 529 Plan Withdrawals and AOTC

^There should not be a penalty. See the publication I referenced.
by livesoft
Thu Feb 21, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Fixing a Tax Mistake re 529 Plan Withdrawals and AOTC
Replies: 44
Views: 860

Re: Fixing a Tax Mistake re 529 Plan Withdrawals and AOTC

Let's see if I can milk any more information out of anybody who may know the answers off hand. To correct my mistake, do I just add the earnings-money from my 529 withdrawals to line 21 of schedule 1, which rolls up into line 22 and then to line 6 of Form 1040? Is that all I have to do? Or are ther...
by livesoft
Thu Feb 21, 2019 3:59 pm
Forum: Personal Consumer Issues
Topic: career in biotech (not an investing question)
Replies: 5
Views: 588

Re: career in biotech (not an investing question)

I spent a career in biotech. I don't know what to write other than to say, "Have fun! Best of luck!" No one will be able to predict where things are headed, so just expect the unexpected.

At that age, I would not have believed anything specific that my aunt/uncle/parents told me anyways.
by livesoft
Thu Feb 21, 2019 3:39 pm
Forum: Personal Investments
Topic: Super Lazy portfolio, just VSMGX? [Vanguard LifeStrategy Moderate Growth]
Replies: 16
Views: 1917

Re: Super Lazy portfolio, just VSMGX?

phxjcc wrote:
Thu Feb 21, 2019 3:18 pm
Sooooo, is there a CA muni fund version of this? :beer
I don't live in a state with state income taxes, so I have not explored this. There is the Vanguard Tax-managed Balanced fund VTMFX which is most of the way there. I would not use it.
by livesoft
Thu Feb 21, 2019 2:41 pm
Forum: Personal Investments
Topic: Super Lazy portfolio, just VSMGX? [Vanguard LifeStrategy Moderate Growth]
Replies: 16
Views: 1917

Re: Super Lazy portfolio, just VSMGX?

We own shares of this fund. They are in an inherited IRA.

If one has no taxable accounts, then I think it is a great fund.

And if one has taxable accounts, it is still a great fund, but I would have something else in the taxable accounts.[*]
by livesoft
Thu Feb 21, 2019 1:54 pm
Forum: Personal Investments
Topic: Vanguard ETF fees
Replies: 9
Views: 629

Re: Vanguard ETF fees

I forgot to ask on the expense ratio, lets say it is .05% on a fund like S&P 500 ETF, how is that figured? And what do you pay. :confused Expense ratios of ETFs are applied exactly like the expense ratios of the mutual funds that you have in your signature line. There is nothing different about that.
by livesoft
Thu Feb 21, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 50
Views: 3230

Re: Do tax accountants add any value?

Example, What if an extra 1% into your 401(k) brings your AGI to qualify for the Saver's Credit and you make some/most of that 1% back in the form of your refund. I'd pay for that kind of service. That's exactly the kind of question that TurboTax can answer for you if you complete a "What if?" tax ...
by livesoft
Thu Feb 21, 2019 1:38 pm
Forum: Personal Investments
Topic: Vanguard ETF fees
Replies: 9
Views: 629

Re: Vanguard ETF fees

My initial reaction to the dog's breakfast of ticker symbols is that there is a LOT of overlap among them. I suppose you are going to do some research and simplify down to use no more than 3 of them.
by livesoft
Thu Feb 21, 2019 1:34 pm
Forum: Personal Investments
Topic: Multiple brokerage accounts at the same place?
Replies: 11
Views: 950

Re: Multiple brokerage accounts at the same place?

In years past, a not uncommon idea at bogleheads.org was to have a new & separate Roth IRA for each annual conversion just in case one wanted to recharacterize. That no longer applies. But we also have multiple brokerage accounts because each account type (tIRA, Roth, inherited, 401(k) SDBA, HSA) re...
by livesoft
Thu Feb 21, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 50
Views: 3230

Re: Do tax accountants add any value?

That does not mean their work cannot save you money and time (which amounts to money). If one made no mistakes on their tax return, then it is unlikely that an accountant will save one on taxes. The OP's description of their tax return had nothing that an accountant would be helpful with. As far as...
by livesoft
Thu Feb 21, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Please Help how to claim AOT credit when used some 529 $ for Tuition/Fees
Replies: 49
Views: 974

Re: Please Help how to claim AOT credit when used some 529 $ for Tuition/Fees

stuper1 wrote:
Thu Feb 21, 2019 11:35 am
My understanding was that I can use the basis-money to claim the AOTC, because I already paid taxes on that basis-money and therefore I am not double-dipping by using it to claim the AOTC. Am I correct?
It would be nice if several other people answered this question.
by livesoft
Thu Feb 21, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 50
Views: 3230

Re: Do tax accountants add any value?

Tax accountants are well known for making mistakes. There is no expectation that one's accountant does not make mistakes.

Do you think contractors don't make mistakes? That is not an example that I would have used. :)
by livesoft
Thu Feb 21, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Please Help how to claim AOT credit when used some 529 $ for Tuition/Fees
Replies: 49
Views: 974

Re: Please Help how to claim AOT credit when used some 529 $ for Tuition/Fees

Are you implying that sending the 529 withdrawal to the checking account is incorrect? That the withdrawal should always go directly to the institution? I implied no such thing. I always deposit my 529 withdrawal check in my checking account. I don't even make the withdrawal the same month as I pay...
by livesoft
Thu Feb 21, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Please Help how to claim AOT credit when used some 529 $ for Tuition/Fees
Replies: 49
Views: 974

Re: Please Help how to claim AOT credit when used some 529 $ for Tuition/Fees

richkorn wrote:
Thu Feb 21, 2019 11:56 am
So your saying that I'm freaking out over this for no reason and i can just assume the 529 withdrawal of 6258 went to room/board since loans were also used (which can be used to claim AOC)?
Yes, I am saying that you are freaking out out this for no reason. I think you are good to go.