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by livesoft
Sun Jan 20, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 38
Views: 4393

Re: The NY Times calls us a cult but in a good way

There are many instances of the phrase "Saint Jack" used on this forum. That has always made me cringe.
by livesoft
Sun Jan 20, 2019 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Dividend Reinvestment Program?
Replies: 9
Views: 826

Re: Vanguard's Dividend Reinvestment Program?

Please correct me if I’m wrong about the wash sale implications. My belief is that in general wash sales are over-hyped on this forum. They are not illegal and are easily accounted for on one's tax return. Understand the wash sale rule, but do not fear it. Many people read a tidbit and fear it, but...
by livesoft
Sun Jan 20, 2019 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 25
Views: 1943

Re: Stay the course is hard

There is no guarantee that what is outperforming won't go higher and what is underperforming won't go lower. Then we are all screwed. We rely on the premise that equities will outperform bonds. If one doesn't believe for all intents and purposes that stocks will outperform bonds is guaranteed, then...
by livesoft
Sun Jan 20, 2019 9:58 am
Forum: Investing - Help with Personal Investments
Topic: No 529. son in high school
Replies: 17
Views: 1485

Re: No 529. son in high school

Please read and understand IRS Publication 970 which is about tax benefits for students who go to college. We make use of 4 of the major things in that publication for tens of thousands of dollars to our benefit.
by livesoft
Sun Jan 20, 2019 9:53 am
Forum: Investing - Theory, News & General
Topic: Why is index investing better than other quantitative strategies?
Replies: 25
Views: 1784

Re: Why is index investing better than other quantitative strategies?

..., index investing does not, in fact, rely on backtesting, because it doesn't have to: it is by definition guaranteed to produce market returns. I believe index fund investors still are affected by behavioral finance traps, taxes, and commission & fees. They may not get market returns because of ...
by livesoft
Sun Jan 20, 2019 9:36 am
Forum: Investing - Theory, News & General
Topic: Why is index investing better than other quantitative strategies?
Replies: 25
Views: 1784

Re: Why is index investing better than other quantitative strategies?

I think the the OP should implement a strategy for a while and report back. Whether they choose the 200-moving day strategy or something else, then I don't think it would matter, but they have to report transactions in near real-time and endure the comments from the rest of us. Furthermore, I was al...
by livesoft
Sun Jan 20, 2019 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 25
Views: 1943

Re: Stay the course is hard

I have alerts sent to me when my portfolio is down big-time in a single day. Here is an example: TD Ameritrade - Securities Alert Delivered by Markit On Demand Mon Dec 24 2018 [...] Moves -2.50% since its previous close ============================================================ Vanguard Small-Cap ...
by livesoft
Sun Jan 20, 2019 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 25
Views: 1943

Re: Stay the course is hard

I don't believe the OP did stay the course. If they were staying the course, then they would most certainly have rebalanced in December by selling bonds and buying equities. The "don't do anything" advice is terrible. If one doesn't buy low, then what's the point of enduring a drop? You might as wel...
by livesoft
Sun Jan 20, 2019 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio and Brokerage Questions
Replies: 2
Views: 215

Re: Portfolio and Brokerage Questions

You should not be paying any commissions nor fees to use your TDAmeritrade account. The ETFs you have listed are not on the TDAmeritrade no-commission list. So ... Did you get / do you STILL? get a free trade for every time you buy VTI, VEA, and/or BND? If not, then you need to change some things. A...
by livesoft
Sat Jan 19, 2019 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Small Cap Value Tilt and Asset Location?
Replies: 10
Views: 606

Re: Small Cap Value Tilt and Asset Location?

Although I have a lot of small-cap value in taxable, I would prefer to have it in tax-advantaged where I have some more, too. The reason for me is that the dividends are not 100% qualified like the dividends of a large-cap index fund. While dividends are a PITA, non-qualified dividends in taxable ar...
by livesoft
Sat Jan 19, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 90
Views: 4094

Re: What does 20% extra of portfolio allocated to equities get you?

The more that time goes on, the more I'm attracted to the concept of regret minimization than return, risk-adjusted or absolute, maximization. I believe that the former is much more in line with human being's mental processes. Although I am not attracted to the concept of regret minimization, I do ...
by livesoft
Sat Jan 19, 2019 7:02 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 90
Views: 4094

Re: What does 20% extra of portfolio allocated to equities get you?

^Is that not expected from an Efficient Frontier chart?
by livesoft
Sat Jan 19, 2019 6:12 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 90
Views: 4094

Re: What does 20% extra of portfolio allocated to equities get you?

bluquark wrote:
Sat Jan 19, 2019 6:07 pm
The main problem is if you retire with a large equity allocation, ....
You went the wrong a different direction with this, but that's OK.
by livesoft
Sat Jan 19, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 90
Views: 4094

Re: What does 20% extra of portfolio allocated to equities get you?

^Another way to think of it is that increasing equities by 10% to 20% doesn't increase your possible losses that much. Sure, there is Adrian's idea of 50% drop in equities kills you, but there are ways to get out of the extra 10% to 20% before you get killed.
by livesoft
Sat Jan 19, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: 401k - withdraw all at once? check my math
Replies: 11
Views: 672

Re: 401k - withdraw all at once? check my math

Yep, rollover to an IRA that has a savings account option. First pick the saving account institution, then see if the savings account is eligible to be in an IRA. Then call them up. Done.
by livesoft
Sat Jan 19, 2019 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Dividend Reinvestment Program?
Replies: 9
Views: 826

Re: Vanguard's Dividend Reinvestment Program?

It is cleaner to turn reinvestment off in a taxable account, but it is not very dirty to have it turned on.
by livesoft
Sat Jan 19, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Son moving to Denver from California
Replies: 34
Views: 1848

Re: Son moving to Denver from California

And don't forget that your windshield washer fluid should not freeze either. The south Texas fluid won't be helpful.
by livesoft
Sat Jan 19, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 78
Views: 3064

Re: What is a Boglehead funeral/burial?

There's a youtube video on that: Direct Cremation
by livesoft
Sat Jan 19, 2019 1:27 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 90
Views: 4094

Re: What does 20% extra of portfolio allocated to equities get you?

Davinci wrote:
Sat Jan 19, 2019 1:23 pm
You do realize that livesoft is in the room and he was the initial poster right? I have to assume you are either being silly with this comment, sarcastic or trolling us? LOL :D
I took the comment as a sign of respect.
by livesoft
Sat Jan 19, 2019 1:25 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 90
Views: 4094

Re: What does 20% extra of portfolio allocated to equities get you?

dogagility wrote:
Sat Jan 19, 2019 1:21 pm
I'm curious why you asked the question.
I was thinking of a different metric to compare things like tax-loss harvesting, rebalancing, advisor fees, and market timing with.

For instance, paying an advisor is like needing to have 20% more of one's portfolio allocated to equities.
by livesoft
Sat Jan 19, 2019 1:02 pm
Forum: Personal Consumer Issues
Topic: Son moving to Denver from California
Replies: 34
Views: 1848

Re: Son moving to Denver from California

He can ask his new co-workers.
by livesoft
Sat Jan 19, 2019 12:55 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 90
Views: 4094

What does 20% extra of portfolio allocated to equities get you?

What does 20% extra of portfolio allocated to equities get you? I was thinking about the Vanguard LifeStrategy funds and their allocations to stocks and 10-year CAGR: 20% VASIX Income 40% VSCGX Conservative Growth 60% VSMGX Moderate Growth 80% VASGX Growth Morningstar.com has the following performa...
by livesoft
Sat Jan 19, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 56
Views: 14847

Re: Why I left Wealthfront

av111 wrote:
Sat Jan 19, 2019 12:28 pm
Is this position naive?
It might be. If you have the same ticker symbols in another taxable account, then you may have created cross-account wash sales that you don't know about.
by livesoft
Sat Jan 19, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 38
Views: 4393

Re: The NY Times calls us a cult but in a good way

Only a cult would be discussing whether they were labeled a cult.
by livesoft
Sat Jan 19, 2019 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 37
Views: 2889

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

reddison wrote:
Fri Jan 18, 2019 10:03 am
livesoft - I have all of my funds on reinvest now. Is this something to change now or upon retirement?
I'd change now and also set all taxable account assets to have a Cost Basis Method of Specific Identification.
by livesoft
Sat Jan 19, 2019 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 37
Views: 2889

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

Why is withdrawing from taxable first considered best? Tax laws have changed. In the old days, folks with moderate to high income could not make Roth conversions. Plus in the old days, people had problems understanding that one could withdraw from different types of accounts at the same time. They ...
by livesoft
Sat Jan 19, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: Spreading 3 fund portfolio across brokers?
Replies: 10
Views: 557

Re: Spreading 3 fund portfolio across brokers?

Davinci wrote:
Sat Jan 19, 2019 12:54 am
Duplicating funds and having multiple accounts will also increase ER and minimize your returns.
I have not found that to be the case. If you had used the word "may" instead of "will", then that could be true.
by livesoft
Sat Jan 19, 2019 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Help w/ asset allocation across accounts
Replies: 5
Views: 385

Re: Help w/ asset allocation across accounts

I'd forget about the REIT fund. Why don't you do some exchanges in your old 401(k)? For instance, your old 401(k) could end up being 100% international fund or split between international and bond funds. Or something else. Are you looking at your portfolio as one single portfolio with some accounts ...
by livesoft
Sat Jan 19, 2019 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - RMD
Replies: 19
Views: 1286

Re: Inherited IRA - RMD

You spreadsheet folks are thinking too hard about this. Since the RMD has to come out this year, why not just compare the value of RMD-derived money one would have in a taxable account on January 1 of next year?
by livesoft
Sat Jan 19, 2019 8:38 am
Forum: Personal Consumer Issues
Topic: Buying Property in Northwest USA - Advice?
Replies: 8
Views: 823

Re: Buying Property in Northwest USA - Advice?

I think many retired military become real estate agents, so you gotta go where the housing turnover is strongest.
by livesoft
Sat Jan 19, 2019 8:35 am
Forum: Investing - Help with Personal Investments
Topic: etf vs index funds . tax efficiency
Replies: 16
Views: 609

Re: etf vs index funds . tax efficiency

I would not be surprised to find out that some Vanguard index funds are more tax-efficient than some Schwab ETFs.
by livesoft
Sat Jan 19, 2019 8:27 am
Forum: Investing - Help with Personal Investments
Topic: VFIFX and VTI/VOO
Replies: 2
Views: 159

Re: VFIFX and VTI/VOO

VFIFX is a Target Retirement fund. I would NOT own a balanced fund nor Target Retirement fund in a taxable account if I was in a moderate to high tax bracket now or would be in the future. Instead, I would own something that was tax-efficient now and would remain tax-efficient throughout my life. VT...
by livesoft
Sat Jan 19, 2019 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Hesitant to sell
Replies: 11
Views: 1250

Re: Hesitant to sell

Folks, don't get off on a tangent. Almost all funds went down last year, but the OP positions in USPRX does not have a loss. Most of the shares were purchased 15 years ago and are non-covered Perhaps only a minor amount of reinvested distribution would have a loss, but not if the OP is using Average...
by livesoft
Sat Jan 19, 2019 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Hesitant to sell
Replies: 11
Views: 1250

Re: Hesitant to sell

Stop reinvesting distributions. This fund has an expense ratio of 0.15%. I don't see any compelling reason to sell. I have a similar situation: I did tax-loss harvesting of VTSAX to VLCAX back in 2009 or 10 years ago. That position in VLCAX (large-cap-index) has been sitting untouched for a long tim...
by livesoft
Fri Jan 18, 2019 9:52 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing portfolio using "bands"?
Replies: 13
Views: 620

Re: Rebalancing portfolio using "bands"?

Have you read this yet: bogleheads.org/wiki/Rebalancing ?
by livesoft
Fri Jan 18, 2019 9:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10124
Views: 1785664

Re: U.S. stocks in free fall

When you use bonds as dry powder is this only within 5% of target locations or how high are you willing to go? It depends, but one can do some math to see what a meaningful percentage would be. If one puts an additional 3% of portfolio into equities and they go up 5%, then the portfolio gets 0.15% ...
by livesoft
Fri Jan 18, 2019 9:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10124
Views: 1785664

Re: U.S. stocks in free fall

Dry is in the mind of the beholder. I am constantly asked, "Where do you get the money to buy equities if you have no dry powder?" So many people do not consider a bond fund as dry powder. Maybe a bond fund is damp or wet powder?
by livesoft
Fri Jan 18, 2019 8:31 pm
Forum: Personal Consumer Issues
Topic: Importance of college summer internships??
Replies: 42
Views: 1535

Re: Importance of college summer internships??

Fast food and Publix are not waiting tables. I described many things that I see in small restaurants that I eat in all around the world. So why not buy her a restaurant and set her up in it? :)
by livesoft
Fri Jan 18, 2019 8:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10124
Views: 1785664

Re: U.S. stocks in free fall

You probably didn't notice that with my strategy I never have any dry powder. I am 100% invested all the time.
by livesoft
Fri Jan 18, 2019 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401K Quesiton
Replies: 2
Views: 206

Re: Fidelity 401K Quesiton

Your portfolio has some typos in what you put there. Your pic of 401(k) options show some very stale performance numbers. Do you have an IRA or other investing account? I'd use the S&P500 index fund in your 401(k) and none of the other funds. But I don't know your age and a bunch of other stuff abou...
by livesoft
Fri Jan 18, 2019 8:20 pm
Forum: Investing - Theory, News & General
Topic: Spreading 3 fund portfolio across brokers?
Replies: 10
Views: 557

Re: Spreading 3 fund portfolio across brokers?

You are too worried, but we are using 4 or 5 financial institutions without any problems. If you want to see what other places look and feel like, I see no reason not to try them out in a meaningful way. A plus might be that if Vanguard pisses you off, you can abandon them easily.
by livesoft
Fri Jan 18, 2019 8:08 pm
Forum: Personal Consumer Issues
Topic: Importance of college summer internships??
Replies: 42
Views: 1535

Re: Importance of college summer internships??

Waiting tables is a meaningful endeavor. She could learn quite a lot and create new menus, the daily specials cards, the placard out front that many restaurants have, the artwork in the windows, mailable flyers, ad copy, etc. Also she should know about PR and marketing herself and her personal brand...
by livesoft
Fri Jan 18, 2019 7:47 pm
Forum: Personal Consumer Issues
Topic: Importance of college summer internships??
Replies: 42
Views: 1535

Re: Importance of college summer internships??

I've had many interns working for me over the years. I wouldn't call any of them "leadership" positions other than they outcompeted some of their peers to get accepted to an internship. For the most part people who worked for me did meaningful work because preliminary results went into a grant or ma...
by livesoft
Fri Jan 18, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Any admission pointers from pre- med/ med students?
Replies: 57
Views: 2909

Re: Any admission pointers from pre- med/ med students?

A relative of mine did not get into med school until the 3rd try. Probably the working experience after college finally paid off. I don't know how unusual that is.
by livesoft
Fri Jan 18, 2019 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: etf vs index funds . tax efficiency
Replies: 16
Views: 609

Re: etf vs index funds . tax efficiency

Smk18 wrote:
Fri Jan 18, 2019 6:47 pm
Yes i am referring to an ETF vs an index mutual fund with similar er .does turnover rate matter in this regard?
Not for bond funds.
by livesoft
Fri Jan 18, 2019 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: etf vs index funds . tax efficiency
Replies: 16
Views: 609

Re: etf vs index funds . tax efficiency

Some ETFs are more tax efficient than some index funds. Some ETFs have the same tax-efficiency as some index funds.
by livesoft
Fri Jan 18, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best kids savings account
Replies: 22
Views: 1752

Re: Best kids savings account

^I'm glad that someone caught that. Thanks! :sharebeer
by livesoft
Fri Jan 18, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10124
Views: 1785664

Re: U.S. stocks in free fall

You are correct, I do not use rebalancing triggers, I would love to learn what best works for you? What works well for me is to use a ReallyBadDay (defined elsewhere on the forum) as a trigger to buy equities no matter what my current asset allocation is. Then I use a 5% band above my nominally des...
by livesoft
Fri Jan 18, 2019 5:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10124
Views: 1785664

Re: U.S. stocks in free fall

Please let's not revive this thread, there is correlation every time this thread gains momentum US stocks fall. Market has not recovered yet to recoup my losses from December. :( That tells me that you do not use rebalancing triggers like I do. Did you do any exchanging of fixed income into equitie...