Search found 14461 matches

by David Jay
Wed Mar 27, 2024 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security Now?
Replies: 47
Views: 2360

Re: Take Social Security Now?

LaramieWind:

Single or married? It makes a big difference.

Single - benefits are so close to actuarially neutral that it doesn’t much matter

Married - the higher earning spouse should defer, preferably until after FRA if the resources are available to wait.

The reason for the married logic due to the way survivor’s benefits are calculated. The low-earner’s calculation is based on “first spouse to pass”, the high earner’s calculation is based on “last spouse to pass”. This is true regardless of which spouse passes first.
by David Jay
Mon Mar 25, 2024 6:50 pm
Forum: Personal Investments
Topic: Those complimentary dinners for retirees by investment advisors
Replies: 137
Views: 10178

Re: Those complimentary dinners for retirees by investment advisors

ObiQuiet wrote: Mon Mar 25, 2024 6:24 pm Even if I'm immune, I don't think I could sit idly by. There'd be a scene.
This is why my spouse doesn't want to go to one of these presentations with me...
by David Jay
Mon Mar 25, 2024 6:40 pm
Forum: Personal Investments
Topic: QQQ Question
Replies: 49
Views: 2860

Re: QQQ Question

How many investors in these companies are unaware that: "...technology [is] advancing so quickly, and AI [is] becoming such a main stream concept..."

Values of the individual companies in QQQ are priced not only for their current financial performance, but also for their future prospects.
by David Jay
Mon Mar 25, 2024 8:14 am
Forum: Personal Consumer Issues
Topic: Reasonable sized smartphone: does such a thing exist in 2024?
Replies: 39
Views: 2536

Re: Reasonable sized smartphone: does such a thing exist in 2024?

Another vote for the SE. I use it for phone calls and texts. I do most of my reading on a tablet.

They must be doing well, they are on the 3rd generation of the SE, the latest with full 5g. They keep the name but each new version gets the “guts” of a newer iPhone.
by David Jay
Sun Mar 24, 2024 12:27 pm
Forum: Personal Investments
Topic: Newbie Question [Roth conversions]
Replies: 5
Views: 376

Re: Newbie Question

retired@50 wrote: Sun Mar 24, 2024 11:20 am Image
I like looking at this chart from right to left as it tends to clarify things. At age 59.5 (right two columns) all contributions and conversions are qualified. Only earnings that have occurred inside the Roth are taxable if the account is less than 5 years old. There are ordering rules for distributions, so unless you completely empty the Roth it is unlikely that you will withdraw any gains.

Once you understand the right two columns, we now shift to conversions and earnings before age 59.5. There is a 5 year clock on each individual contribution and all earnings withdrawn before age 59.5 are subject to tax and penalty.
by David Jay
Sun Mar 24, 2024 12:16 pm
Forum: Personal Investments
Topic: Newbie Question [Roth conversions]
Replies: 5
Views: 376

Re: Newbie Question

I think I am correct in saying the 5 years starts on the first and each subsequent conversion, not when the Roth was opened? Perhaps you are not getting a clear answer because there are two 5-year clocks. One is for account aging, the other is for individual conversion aging. 1. The account clock is based on "funding" your first Roth IRA anywhere, even if it is later closed. You said you opened a Roth but did not say that you contributed. Assuming you made a contribution at the time (most common because few go through the bother of opening a Roth and then leaving it empty), you have met the account aging requirement . 2. Each conversion has it's own aging clock. If you made a conversion today (at age 57) and decided to withdraw t...
by David Jay
Sat Mar 23, 2024 10:09 pm
Forum: Personal Investments
Topic: Can I use copycat active ETF to do Tax-Loss Harvesting?
Replies: 13
Views: 857

Re: Can I use copycat active ETF to do Tax-Loss Harvesting?

henryphseven wrote: Sat Mar 23, 2024 10:00 pm
David Jay wrote: Sat Mar 23, 2024 9:42 pm
henryphseven wrote: Sat Mar 23, 2024 9:34 pmGotcha, then the only thing I can do is waiting for one month :(
Or leave TRP for a full-service brokerage where you can purchase funds from any number of fund families.
i hold PRDGX in a non-TRP brokerage account, where TRP is the cheapest NTF fund available. wish i had known the existence of its ETF before buying it.
Yikes! A fund with a .64 ER is the cheapest NTF fund available? An ER over .5 feels painful to most Bogleheads.

All the more reason to move the account to another firm. Many brokerages offer multiple fund families at a fraction of that cost.
by David Jay
Sat Mar 23, 2024 9:42 pm
Forum: Personal Investments
Topic: Can I use copycat active ETF to do Tax-Loss Harvesting?
Replies: 13
Views: 857

Re: Can I use copycat active ETF to do Tax-Loss Harvesting?

henryphseven wrote: Sat Mar 23, 2024 9:34 pmGotcha, then the only thing I can do is waiting for one month :(
Or leave TRP for a full-service brokerage where you can purchase funds from any number of fund families.
by David Jay
Sat Mar 23, 2024 11:48 am
Forum: Personal Finance (Not Investing)
Topic: In-laws 529 for grandkids, bite my lip or say something?
Replies: 58
Views: 5895

Re: In-laws 529 for grandkids, bite my lip or say something?

White Coat Investor wrote: Thu Mar 21, 2024 12:33 pmThen you can kindly ask if they'd be interested in a way to lower the fees and boost returns on those accounts so their grandkids will benefit even more from their generosity.
This. Ask permission to share your thoughts. It is a great diffuser.
by David Jay
Fri Mar 22, 2024 10:18 am
Forum: Personal Investments
Topic: Total US Stock Market ETF which distributes dividends annually?
Replies: 5
Views: 858

Re: Total US Stock Market ETF which distributes dividends annually?

yogesh wrote: Thu Mar 21, 2024 11:36 pmFZROX
Not an ETF, FZROX is a traditional MF. Also it is proprietary to Fidelity (can only held in a Fidelity account).
by David Jay
Fri Mar 22, 2024 9:02 am
Forum: Personal Finance (Not Investing)
Topic: tax brackets etc assuming TCJA sunset no new laws
Replies: 31
Views: 3574

Re: tax brackets etc assuming TCJA sunset no new laws

One thing is certain, everyone can take advantage of the current rates for 2024 and 2025.
by David Jay
Fri Mar 22, 2024 8:46 am
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever
Replies: 22
Views: 3668

Re: Buy and Hold Forever

avalpert1 wrote: Fri Mar 22, 2024 12:46 am
NostraHistoria wrote: Thu Mar 21, 2024 7:53 pmMaybe BAHF should be added to the tenets of the Bogleheads?
It should not because it doesn't make sense as a tenet for an individual who does not have a perpetual duration (I'm not sure it really makes sense as a tenet for anyone in actuality) and directly conflicts with other components of the Boglehead approach such as rebalancing.
This!

“Having a plan” in my case means following my investment policy statement (IPS). It called for a stock-heavy portfolio during the accumulation years and a more balanced portfolio in the retirement years.
by David Jay
Thu Mar 21, 2024 9:11 pm
Forum: Personal Investments
Topic: Thoughts about using floaters for FI
Replies: 14
Views: 1257

Re: Thoughts about using floaters for FI

quattro73 wrote: Thu Mar 21, 2024 8:34 pmPersonally I would only use individual TIPs as a held-to-maturity, duration matched.
This!

At today's rates, individual TIPs for the long haul, held to maturity, are guaranteed to beat inflation.
by David Jay
Thu Mar 21, 2024 5:59 pm
Forum: Personal Investments
Topic: Highly Concentrated Position In Zero Cost Basis Holding
Replies: 23
Views: 1440

Re: Highly Concentrated Position In Zero Cost Basis Holding

Lee_WSP wrote: Thu Mar 21, 2024 3:40 pmThe other thing to do is fill up the 0%cap gains bracket if available.
This is a no-cost option for some diversification, fill up the 0% LTCG bracket each year.
(and with such a concentrated portfolio, diversification is healthy)
by David Jay
Tue Mar 19, 2024 8:12 pm
Forum: Personal Investments
Topic: Vanguard Mutual Fund Conversion at IBKR
Replies: 4
Views: 371

Re: Vanguard Mutual Fund Conversion at IBKR

"Conversion" can only be done when the mutual funds are held at Vanguard. Everywhere else (IBKR included) you must sell, take your capital gains, and buy the ETF.

It may be worth moving the assets to Vanguard for a period of time to be able to convert without capital gains.
by David Jay
Tue Mar 19, 2024 5:27 pm
Forum: Investing - Theory, News & General
Topic: Awesome Portfolio: 20% Stocks..20% Bonds..20% Cash..20%Real Estate, 20%Gold
Replies: 51
Views: 6321

Re: Awesome Portfolio: 20% Stocks..20% Bonds..20% Cash..20%Real Estate, 20%Gold

Any gold backtesting that starts in 1970 or 1971 is cherry picking. The price went was around $300/oz in 70/71, climbing dramatically over the next few years.
by David Jay
Tue Mar 19, 2024 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: IRS slow this year (2024)
Replies: 27
Views: 2914

Re: IRS slow this year (2024)

9Iron wrote: Tue Mar 19, 2024 5:02 pm Submitted electronically on 3/11, refund received 3/19.
Very similar for me (HRBlock software):
Submitted electronically on 3/10, refund received 3/19.
by David Jay
Sat Mar 16, 2024 10:06 am
Forum: Investing - Theory, News & General
Topic: Should I Keep Sacrificing or Start Enjoying Myself
Replies: 32
Views: 3768

Re: Should I Keep Sacrificing or Start Enjoying Myself

What are your life goals?

If you are in a career that you love and wish to pursue as long as you have the desire / energy, start budgeting (note: spending is a budget item, not a “letting off the gas pedal”) more spending.

If your goal is early retirement then you need to evaluate your timeline and saving levels in light of the date you wish to retire.
by David Jay
Fri Mar 15, 2024 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal social security
Replies: 16
Views: 1781

Re: Spousal social security

May I suggest that your spouse wait to claim until 68 years 4 months. That will increase your spouse’s benefit by 10 2/3 percent ($352 per month) and there will be no secondary deduction from spousal because you will be FRA.

Whether or not you claim your personal at age 62 is up to you. 60 months of payments isn’t chump change.
by David Jay
Fri Mar 15, 2024 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Stretch Annuity?
Replies: 14
Views: 1157

Re: Inherited Stretch Annuity?

bsteiner wrote: Thu Mar 14, 2024 7:50 pm You get the benefit of deferral at the cost of turning the income and gains into ordinary income aand giving up the basis step-up at death and incurring the expenses.
This suggests to me that it probably shouldn’t be used if one expects to be below the estate inheritance exemption amount. Below the exemption amount the heirs get “step-up” basis so they pay no tax on the account gains prior to death.
by David Jay
Fri Mar 15, 2024 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Getting ready to leave Northwestern Mutual annuity, but what about Insurance?
Replies: 9
Views: 1026

Re: Getting ready to leave Northwestern Mutual annuity, but what about Insurance?

Investomatic3000 wrote: Fri Mar 15, 2024 4:09 pmWhen it comes time to move the $ out of the annuity I'm going to have the receiving firm do the work.
Likely you will need to be the one to surrender the annuity (I doubt that Fid/VG will be allowed to surrender an annuity). That will put the cash in a NWM account.

Then use the receiving firm to transfer the cash out of NWM to the new custodian.
by David Jay
Fri Mar 15, 2024 12:55 pm
Forum: Investing - Theory, News & General
Topic: Great news! No more [fixed real estate] agent commission
Replies: 238
Views: 22602

Re: Great news! No more agent commission

rgs92 wrote: Fri Mar 15, 2024 12:42 pmMaybe it's a job for AI...
Lord help us - NO

(at least not an LLM, there are other forms of AI)
by David Jay
Fri Mar 15, 2024 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Spousal social security
Replies: 16
Views: 1781

Re: Spousal social security

It still often makes sense to receive those years of payments prior to your spouse claiming, my spouse claimed @ 62 and I am deferring for a larger survivor's benefit. To follow up on this thought, your benefit will be the first one to end regardless of which spouse passes first. The survivor's benefit will be the $3300 if your spouse claims at full retirement age (FRA). If he waits to claim until after FRA then he will receive a larger benefit and that benefit will still be the survivor's benefit. As we looked at this, we thought that receiving the small (similar size to yours) benefit for 7 years (in our case) was a way to get some cash flow and the lower earner filing early does not affect the size of the survivor's benefit. My primary ...
by David Jay
Fri Mar 15, 2024 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Spousal social security
Replies: 16
Views: 1781

Re: Spousal social security

Filing early for your personal benefit will permanently reduce your total benefit. It is nominally dollar-for-dollar because spousal is calculated as follows: (spouses full retirement benefit [PIA] divided by two) minus your full retirement benefit [PIA]. This amount is added to your personal benefit. If your personal benefit is less than your full retirement benefit due to filing early then your total benefit is smaller than if you had waited to your full retirement age to claim. It still often makes sense to receive those years of payments prior to your spouse claiming, my spouse claimed @ 62 and I am deferring for a larger survivor's benefit. Edit: Note, there is also a reduction for claiming spousal before your full retirement age, I do...
by David Jay
Fri Mar 15, 2024 9:39 am
Forum: Personal Investments
Topic: Two Vanguard Target 2040 funds
Replies: 6
Views: 683

Re: Two Vanguard Target 2040 funds

Welcome to the forum!

Note the names on your two links: one is "investor" and the other is "institutional". The institutional version of TR2040 is only available in an employer plan. It is not a mutual fund but an investment trust (good in a 401K) which is why it has no ticker.
by David Jay
Fri Mar 15, 2024 7:52 am
Forum: Personal Investments
Topic: Create traditional or rollover IRA at Fidelity when transfering a rollover IRA?
Replies: 5
Views: 574

Re: Create traditional or rollover IRA at Fidelity when transfering a rollover IRA?

The two accounts are both traditional IRA accounts. The naming conventions refer to the content of the accounts, not the nature of the accounts.

Rollover accounts hold funds whose origin is typically an employer account, it is an attempt to segregate those assets from personal contributions. Since the origin of this money is a 401K I agree with your choice.
by David Jay
Thu Mar 14, 2024 4:35 pm
Forum: Personal Investments
Topic: Transfer In-Kind experience question
Replies: 1
Views: 373

Re: Transfer In-Kind experience question

First off, if you are leaving Wells Fargo then you should be working with the brokerage that is receiving the assets. They have the incentive to make sure the transaction goes smoothly.

If the transfer is "in-kind" then you are never out of the market so why does it matter if it takes 24 hours or two weeks? I have never dealt with Wells Fargo but my experience with other brokerage houses is typically 3-5 business days.
by David Jay
Thu Mar 14, 2024 9:31 am
Forum: Personal Investments
Topic: Quick Trad IRA Question
Replies: 2
Views: 259

Re: Quick Trad IRA Question

Here is a good IRS chart of the income limits for various situations:

https://www.irs.gov/retirement-plans/20 ... an-at-work
by David Jay
Thu Mar 14, 2024 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Help for sister on social security during assisted living spend down
Replies: 13
Views: 2083

Re: Help for sister on social security during assisted living spend down

mb wrote: Thu Mar 14, 2024 7:34 am My brother and I supplemented my mother’s income while she was in assisted living. As instructed by an elder care attorney, none of our contributions could ever go through any of her accounts. We paid a portion of her expenses directly to the assisted care facility. Eventually she needed to go on Medicaid. We had no problems with the Medicaid application and she received her benefit without any problems.
This.
by David Jay
Thu Mar 14, 2024 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Medicare premium credit card auto-pay??
Replies: 5
Views: 1077

Re: Medicare premium credit card auto-pay??

whomever wrote: Wed Mar 13, 2024 4:56 pm(perhaps one option is to have medicare auto-deduct from a bank account, and have VEBA auto-reimburse the account, but that seems clunkier than just having medicare ding the card)
One doesn't have to reimburse every month.

I reimburse our checking account from my HSA every 3 months, but you could do it every 6 or 12 months to simplify your life.
by David Jay
Tue Mar 12, 2024 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Disqualifying Disposition and ESPP.
Replies: 2
Views: 2873

Re: Disqualifying Disposition and ESPP.

Original post is over 15 years old…
by David Jay
Tue Mar 12, 2024 12:22 pm
Forum: Investing - Theory, News & General
Topic: Previously taxed reinvested Dividends reduce Capital
Replies: 14
Views: 1234

Re: Ed Slott's Feb 29 comments regarding dividend reinvestment and... cost basis?

mangorunner wrote: Tue Mar 12, 2024 12:20 pmIs the tax advice to simply track your cost basis - and include all dividend reinvestments - in a taxable account?
Yes.
by David Jay
Mon Mar 11, 2024 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: When claiming SS with a young family would this reduce taxes?
Replies: 10
Views: 846

Re: When claiming SS with a young family would this reduce taxes?

What benefits - specifically - do you believe your kids will receive because you file for Social Security at age 62?
by David Jay
Mon Mar 11, 2024 5:57 pm
Forum: Personal Investments
Topic: SS is insufficient, very little savings, what's the best option
Replies: 49
Views: 7956

Re: SS is insufficient, very little savings, what's the best option

stevem54 wrote: Mon Mar 11, 2024 4:56 pm...owns an above-average home, not paid off yet...
There's my red flag, right there. They probably need a below-average home that is paid for to meet their budget constraints.
by David Jay
Sun Mar 10, 2024 3:36 pm
Forum: Personal Investments
Topic: 401K vs Roth IRA
Replies: 17
Views: 1609

Re: 401K vs Roth IRA

If you are very early in your career and in a relatively low tax bracket then Roth may be a good option. For most of one’s working lifetime tax deferred is superior as early retirement tax rates may be lower than when working.
by David Jay
Sun Mar 10, 2024 3:34 pm
Forum: Personal Investments
Topic: 401K vs Roth IRA
Replies: 17
Views: 1609

Re: 401K vs Roth IRA

Your math is correct assuming the same marginal tax rate at time of contribution and time of distribution. This is due to the commutative principle of multiplication - the order doesn’t matter.

Here is an example, starting with $10,000 in wages, 24% tax rate (x .76), 700% lifetime growth (x 7):

Roth: (10,000 x .76) x 7 = $53,200
401K: (10,000 x 7) x .76 = $53,200
by David Jay
Sun Mar 10, 2024 2:34 pm
Forum: Personal Investments
Topic: New Boglehead\Newly Retired
Replies: 4
Views: 657

Re: New Boglehead\Newly Retired

Welcome to the forum! You have 3 years to research it, but let me discuss your #3 and #4: The key to SS claiming strategy for married couples is the rubric of survivor’s benefits. The amount of the survivor’s benefit is equal to the greater of the two individual benefits, the smaller of the two benefits in effect “goes away” when the first spouse passes. This means the financial evaluation of the high earner is based on “second to pass” and the financial evaluation of the lower earner is based on “first to pass”. What this means is the real world is that under most circumstances is for the high earner to defer as you are doing. However, since the low earner benefit has a shorter duration most SS calculators will suggest that the lower earne...
by David Jay
Sat Mar 09, 2024 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs before age 73?
Replies: 30
Views: 2493

Re: QCDs before age 73?

Artsdoctor wrote: Sat Mar 09, 2024 5:01 pm ^ I agree with jebmke.

Maybe the 1040 is etched into my brain right now since it's tax season. But I'm trying to follow the previous statement suggesting that a QCD affect your AGI. It really doesn't.

Most people do not itemize nowadays because the standard deduction is so high but if you do, you'd be itemizing on Schedule A and taking your charitable contributions there. That deduction doesn't affect your AGI either (your AGI is the same whether you itemize or not).
MAGI (used to calculate IRMAA), not AGI. See my edit above, the benefit only occurs when tIRA funds are withdrawn to make the contribution.
by David Jay
Sat Mar 09, 2024 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs before age 73?
Replies: 30
Views: 2493

Re: QCDs before age 73?

Are you on Medicare? are you paying, or at risk of paying IRMAA? QCDs reduce your MAGI whereas deductions do not. Not until you are drawing RMDs; QCDs have no impact on MAGI before then. When withdrawing from tax deferred retirement accounts, QCDs get deducted from your taxable income on page 1 of the 1040, so they do have an impact on MAGI even before you reach the RMD age. Can you clarify what you mean here? QCDs are not part of your adjusted gross income at all, so what would they be reducing prior to RMD age? I'm not kcolman or GenawithanE, but I believe this is is the thinking: 1. Assuming that one is making a charitable contribution [edit] with tIRA funds regardless of method (if not, then there is no benefit) 2. Using a QCD after 70...
by David Jay
Sat Mar 09, 2024 4:40 pm
Forum: Investing - Theory, News & General
Topic: "When" do you sell equities during Retirement?
Replies: 29
Views: 4524

Re: "When" do you sell equities during Retirement?

I sell what I need for expenses, typically twice a year. I decide what to sell to return my Asset Allocation (AA) to my target AA.

This automatically solves the "when to sell" dilemma, which helps with behavioral errors. When stocks are down I am naturally overweighted in bonds, so I sell (more) bonds. When stocks are up I am overweighted in stocks so I sell more stocks. In a flat market I sell nominally a proportional amount of each.
by David Jay
Sat Mar 02, 2024 4:37 pm
Forum: Investing - Theory, News & General
Topic: Why is 60/40 the benchmark?
Replies: 25
Views: 3464

Re: Why is 60/40 the benchmark

Lastrun wrote: Sat Mar 02, 2024 2:30 pm
gavinsiu wrote: Sat Mar 02, 2024 2:01 pm I recall when Bernstein demonstrated the efficient frontier, it shown that 60/40 as the efficient point of the efficient frontier where return and stdev balance.
Bill or Peter?

Here is an old article of inerest: https://www.safalniveshak.com/wp-conte ... Y2fQ%3D%3D
If I had to pick one key person for the popularization of 60/40 it would be Peter Bernstein, article in the link above.
by David Jay
Sat Mar 02, 2024 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Open Social Security Question: When It Says to Take Benefits
Replies: 22
Views: 2427

Re: Open Social Security Question: When It Says to Take Benefits

It would be a lot easier decision if the expiration date was printed on the container… :wink:
by David Jay
Sat Mar 02, 2024 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Open Social Security Question: When It Says to Take Benefits
Replies: 22
Views: 2427

Re: Open Social Security Question: When It Says to Take Benefits

For singles, Social Security is almost actuarially neutral on claiming date with average life expectancies. You can get a smaller amount for more months or a larger amount for fewer months.

(It is more finite for married couples because of the way survivor’s benefits are determined)
by David Jay
Sat Mar 02, 2024 10:56 am
Forum: Personal Investments
Topic: How to Get Roth IRA Out of Wells Fargo Advisors
Replies: 19
Views: 1998

Re: How to Get Roth IRA Out of Wells Fargo Advisors

And “yes”, in this day and age a 1.95% Expense Ratio is absurd. This fund has a 1% 12b-1 fee, so they are paying a 1% “kickback” to your advisor every year.

Even if you wanted to be 100% in technology stocks you can get a similar, actively managed fund for perhaps a quarter the price. And a technology index fund would cost a tiny fraction of that amount.
by David Jay
Sat Mar 02, 2024 10:54 am
Forum: Personal Investments
Topic: How to Get Roth IRA Out of Wells Fargo Advisors
Replies: 19
Views: 1998

Re: How to Get Roth IRA Out of Wells Fargo Advisors

You can easily move the IRA to another custodian. The recommended process is to work with the custodian receiving the IRA, as they have the incentive to make sure things go smoothly.

Low cost, full service brokerages often mentioned here on BH are Fidelity, Schwab and Vanguard (alphabetical order)
by David Jay
Thu Feb 22, 2024 7:45 am
Forum: Personal Investments
Topic: Has anyone invested in marijuana stocks?
Replies: 91
Views: 12836

Re: Has anyone invested in marijuana stocks?

Many states were okay with legalization because they were looking at tax revenue. In a number of states the illegal growers are putting pricing pressure on the legal growers because the illegal growers do not have that tax burden.
by David Jay
Sat Feb 17, 2024 5:04 pm
Forum: Personal Investments
Topic: Is it Too Late to Invest in VTI?
Replies: 130
Views: 20967

Re: Is it Too Late to Invest in VTI?

sink wrote: Sat Feb 17, 2024 3:57 pmVTI is 12% made up of two stocks - Apple and MS. Just 2 stocks. It is 31% technology. That is not "the market".
Actually, that is, by definition, the US stock market. Apple and Microsoft represent 12% of market capitalization. Tech represents 31% of market capitalization.

You can choose not to like the composition of the market, but it is still the market regardless of your preferences.
by David Jay
Thu Feb 15, 2024 8:37 am
Forum: Investing - Theory, News & General
Topic: Any studies to refute dividend yield & chill?
Replies: 161
Views: 12301

Re: Any studies to refute dividend yield & chill?

nisiprius wrote: Thu Feb 15, 2024 8:16 amSo I take for granted that dividends are not free money, dividend stocks are not Just Plain Better than average, that spending dividends is no different from withdrawing the same amount of capital... and that "spend the dividends" doesn't look like a good automatic withdrawal rule.
….but other than that, how was the play Mrs. Lincoln?
by David Jay
Fri Feb 09, 2024 10:08 am
Forum: Personal Investments
Topic: Second to die Insurance
Replies: 17
Views: 1491

Re: Second to die Insurance

Chardo wrote: Fri Feb 09, 2024 10:00 am Meanwhile, you may be better off with universal life anyway. For even lower premium, you could buy a $9M policy and have all that coverage from day 1.
But the NYL rep makes less…
by David Jay
Sat Feb 03, 2024 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Wire Fraud in Real Estate Transaction - What Next?
Replies: 122
Views: 14455

Re: Wire Fraud in Real Estate Transaction - What Next?

Retired IMH wrote: Sat Feb 03, 2024 4:01 pm I would add one simple piece of advice that you have hopefully already been practicing, which is to take contemporaneous notes on every interaction related to this incident. Especially any in-person meetings or phone calls. As soon as the call or meeting ends, write what happened down with the date and time. Keep everything in a binder of some sort until you are made 100% whole.
And if you are in a "one-party" state, I would record every interaction.