Search found 209 matches

by JustAsking
Mon Dec 24, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Who says the Large Hadron Collider had no effect?
Replies: 43
Views: 8003

Re: Who says the Large Hadron Collider had no effect?

An analemma is like a small wildebeest, but without the horns?
by JustAsking
Mon Dec 24, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Who says the Large Hadron Collider had no effect?
Replies: 43
Views: 8003

Re: Who says the Large Hadron Collider had no effect?

NYT: "It’s Intermission for the Large Hadron Collider.
The largest machine ever built is shutting down for two years of upgrades."
https://www.nytimes.com/interactive/201 ... ar-ul.html

Expect the next recession in late 2020.
by JustAsking
Sun Apr 01, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Margin Interest Deduction
Replies: 0
Views: 1101

Margin Interest Deduction

Interest we pay on margin loans is tax-deductible if the loan is used to buy (taxable) securities but not if it's taken for personal use, i.e., a cash advance. Is there a way to calculate from brokerage statements the amount of margin interest paid for each category? It's not as simple as a ratio of...
by JustAsking
Sat Jan 28, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Transportation tax question
Replies: 9
Views: 487

Re: Transportation tax question

Okay, good point. Thanks.
by JustAsking
Sat Jan 28, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Transportation tax question
Replies: 9
Views: 487

Re: Transportation tax question

I've done that--which is why I'm asking here. Sometimes what seems intuitive isn't required by the IRS, and typically we're entitled to interpret the rules in a way most favorable to us. I'd be inclined not to seek reimbursement, but the IRS may not care.
by JustAsking
Sat Jan 28, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Transportation tax question
Replies: 9
Views: 487

Re: Transportation tax question

True, but an hour each way is 120 or so miles RT @.19, or ~$25, so over a year it adds up to a few hundred. I'm sure there must be a standard way to treat this. Maybe I'll post on a CPA forum.
by JustAsking
Sat Jan 28, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Transportation tax question
Replies: 9
Views: 487

Re: Transportation tax question

Right, the latter situation is what I'm wondering about. But rather than doing other errands when I'm in the city, I arrange the appointment for a day when I know I'll be there. Does anyone know for sure? I don't see anything in IRS pub 502.
by JustAsking
Sat Jan 28, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Transportation tax question
Replies: 9
Views: 487

Transportation tax question

Hi All,

If I drive to another city for a medical appointment, I can deduct the mileage. What if I arrange the appointment for a day when I'm going to be in that city anyway? Can I still deduct the mileage, or is it on me?

Thanks,
JA
by JustAsking
Sun Oct 23, 2016 12:19 am
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 20833

Re: Retirees: Where are you going for income?

I'm coming to this rather late, but I addressed the OP's original question a couple of years ago, here.
by JustAsking
Wed Sep 09, 2015 9:51 pm
Forum: Investing - Theory, News & General
Topic: Which Fund(s) Do I Sell?
Replies: 16
Views: 1493

Re: Which Fund(s) Do I Sell?

I don't consider CEFs a risky investment--certainly no more risky than open-end funds, like VG's, which everyone here owns. I actually think they're less risky, because of the options they sell, which allows them to profit whether the underlying stock prices go up or down (as I explain in my other p...
by JustAsking
Wed Sep 09, 2015 8:33 pm
Forum: Investing - Theory, News & General
Topic: Which Fund(s) Do I Sell?
Replies: 16
Views: 1493

Re: Which Fund(s) Do I Sell?

David, thanks. These aren't stocks--they're closed-end funds, which are basically the same as mutual funds, except that they trade on an exchange after an IPO. They increase their yield by either leverage or options. The former can be risky, but the latter are more defensive, and these are the type ...
by JustAsking
Wed Sep 09, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: Which Fund(s) Do I Sell?
Replies: 16
Views: 1493

Re: Which Fund(s) Do I Sell?

Thanks, everyone. As it happens, this matter has resolved itself in two ways: I was using the average cost per share of the lots I bought of each fund and comparing them to the current price, which in some cases was lower. When I looked at the individual lots, I realized I have some I bought a coupl...
by JustAsking
Mon Sep 07, 2015 11:37 pm
Forum: Investing - Theory, News & General
Topic: Which Fund(s) Do I Sell?
Replies: 16
Views: 1493

Re: Which Fund(s) Do I Sell?

It doesn't matter what your investments have done in the past. OK, past performance is no guarantee, etc. But also, the trend is your friend. If I'm going to sell a fund, would I sell the one that's done better and keep the one that's done worse? Probably not. If you have losses in all your funds, ...
by JustAsking
Mon Sep 07, 2015 6:10 pm
Forum: Investing - Theory, News & General
Topic: Which Fund(s) Do I Sell?
Replies: 16
Views: 1493

Re: Which Fund(s) Do I Sell?

What I mean by not needing tax losses is that I've already got enough this year, carried forward from previous years, to not owe any taxes. And I don't need to create new ones to obtain the cash I need, though I could carry them forward if I did. The asset allocation isn't going to change much, beca...
by JustAsking
Mon Sep 07, 2015 5:09 pm
Forum: Investing - Theory, News & General
Topic: Which Fund(s) Do I Sell?
Replies: 16
Views: 1493

Re: Which Fund(s) Do I Sell?

Taylor, Thanks. I should have clarified: these are all in a taxable account, I don't need any tax losses for this year, since I have some sizable writeoffs, and the ones I'd sell are pretty much the same asset class (large cap). So it appears that the significant factors are whether the fund has gai...
by JustAsking
Mon Sep 07, 2015 3:47 pm
Forum: Investing - Theory, News & General
Topic: Which Fund(s) Do I Sell?
Replies: 16
Views: 1493

Which Fund(s) Do I Sell?

I'm about to sell some shares to generate cash for a down payment. Because of the recent downturn, the price of some funds is lower than when I bought them (although my question would apply even if they were higher). However, my cost (purchase price less distributions received) in most cases is lowe...
by JustAsking
Thu May 22, 2014 3:05 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are Highly Skilled Investors
Replies: 54
Views: 8712

Re: Bogleheads are Highly Skilled Investors

JA, while it seems your strategy is working for you, it is doing so with more risk and expense I suspect--probably more than you should be taking on. Since this thread started, the payout rate on an SPIA has gone to about 7.8% for a 70 year old male, and 7.97% for a 71 year old. If someone truly ne...
by JustAsking
Wed May 21, 2014 9:12 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are Highly Skilled Investors
Replies: 54
Views: 8712

Re: Bogleheads are Highly Skilled Investors

Earlier in this thread (December 2012), I posed the following question to Rick Ferri, the OP: "So--just investing in index funds is not going to do it as far as a reliable stream of monthly or quarterly income to live on. What do you recommend people do in this situation?" He replied, "The strategy ...
by JustAsking
Wed Nov 28, 2012 8:39 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are Highly Skilled Investors
Replies: 54
Views: 8712

Re: Bogleheads are Highly Skilled Investors

And now back to our regularly scheduled programming ... magellan, thanks, but I'm not going to buy an annuity. kenner, I can't predict the "indefinite future"--even the smart money couldn't do that in 2008. All I can do is work with the current situation, but from what I've seen, it's certainly poss...
by JustAsking
Tue Nov 27, 2012 11:27 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are Highly Skilled Investors
Replies: 54
Views: 8712

Re: Bogleheads are Highly Skilled Investors

Thanks, but I'd basically be paying them to invest the $300k for me and give me 8%. I can do that on my own. Or if I were going to pay someone, I could use an advisor.
by JustAsking
Tue Nov 27, 2012 7:08 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are Highly Skilled Investors
Replies: 54
Views: 8712

Re: Bogleheads are Highly Skilled Investors

If one needs a steady 8%, there are not many, if any, options. Here are two options that might work: 1. Single premium immediate annuity if one is old enough, and 2. Get a job. I don't claim to be an expert in personal finance, but I know enough to know that annuities are generally ripoffs. And if ...
by JustAsking
Tue Nov 27, 2012 5:51 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads are Highly Skilled Investors
Replies: 54
Views: 8712

Re: Bogleheads are Highly Skilled Investors

Everyone wants to thought of as a winner who is skilled - so they should all be Bogleheads. For my extended comments including supporting data, read Index Fund Buyers are Skilled Investors . Rick, No question the Bogleheads approach works for a lot of people--especially those with a long time horiz...
by JustAsking
Mon Nov 26, 2012 9:32 pm
Forum: Investing - Theory, News & General
Topic: Our latest TIPS update
Replies: 66
Views: 6598

Re: Our latest TIPS update

My answer is that's the wrong approach and in fact is dangerous because it leads to stretching for yield to meet cash flow needs. IMO the right way to address the issue is total return approach. Larry, The thing is, ideally VG or DFA funds will go up in a linear fashion, but the market is volatile....
by JustAsking
Mon Nov 26, 2012 7:45 pm
Forum: Investing - Theory, News & General
Topic: Doesn't distribution yield also reflect expenses?
Replies: 6
Views: 633

Re: Doesn't distribution yield also reflect expenses?

Thanks. I understand about SEC yield, but I was asking about Distribution Yield, which is a different number.
by JustAsking
Mon Nov 26, 2012 7:19 pm
Forum: Investing - Theory, News & General
Topic: Doesn't distribution yield also reflect expenses?
Replies: 6
Views: 633

Doesn't distribution yield also reflect expenses?

I know that SEC yield includes the expense ratio of a fund. But doesn't distribution yield also reflect expenses indirectly? Distribution yield is the average of distributions for the trailing 12 months. However, funds take their expenses off the top, so the distribution yield presumably includes th...
by JustAsking
Mon Nov 26, 2012 7:09 pm
Forum: Investing - Theory, News & General
Topic: Our latest TIPS update
Replies: 66
Views: 6598

Re: Our latest TIPS update

This is truly a time testing the discipline of fixed income investors--it's when big mistakes are made chasing yield, especially by those who don't use a total return approach but instead use a cash flow approach. Larry, What do you suggest for those who require cash flow from fixed income? Hoping ...
by JustAsking
Mon Feb 20, 2012 11:47 pm
Forum: Investing - Theory, News & General
Topic: interview I did with Seeking Alpha
Replies: 14
Views: 2819

Re: interview I did with Seeking Alpha

Larry, Could you answer a couple of questions about your interview and the previous one in December? You said, "I did a performance analysis of Goldman's mutual funds." What time period do you use for a performance analysis? 1 year? 3? 5? Since inception? I never know which one to use when evaluatin...
by JustAsking
Thu Feb 02, 2012 12:48 pm
Forum: Investing - Theory, News & General
Topic: How to decide which of two bond funds to sell?
Replies: 9
Views: 1011

Re: How to decide which of two bond funds to sell?

Interesting, thanks. Why is duration significant? I have VG intermediate and long-term treasurys and a state-specific fund, so the durations of each are pretty well set, and the credit quality is high. I don't have an investment policy statement or FI benchmark, but are you saying that the average d...
by JustAsking
Thu Feb 02, 2012 11:25 am
Forum: Investing - Theory, News & General
Topic: How to decide which of two bond funds to sell?
Replies: 9
Views: 1011

Re: How to decide which of two bond funds to sell?

I sold some of a long-term muni bond fund instead of an intermediate-term muni bond fund. The long-term fund has run up more over the last few months, and I want to reduce my overall duration in anticipation of eventual increase in rates. I'm not really worried about inflation--even the Fed doesn't...
by JustAsking
Thu Feb 02, 2012 1:37 am
Forum: Investing - Theory, News & General
Topic: How to decide which of two bond funds to sell?
Replies: 9
Views: 1011

How to decide which of two bond funds to sell?

Greetings, everyone. This is something that comes up for me every time I go to sell shares of a bond fund but I've never really been clear on. If you own several VG bond funds--or for the sake of this discussion, we could say just two--and want to sell shares of one of them for some cash, how do you...
by JustAsking
Fri Jun 24, 2011 6:28 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Because the info on VG's site was contradictory, it wasn't clear to me whether they were going to be reporting cost basis to the IRS for this year or not until the 2012 tax year. I wrote to them to ask, and on the assumption that it might be the former, I also asked for "versus purchase" info for so...
by JustAsking
Fri Apr 08, 2011 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever heard of 10% ernest money on a house contract?
Replies: 33
Views: 4808

What's wrong with a 10% deposit if you're going to be paying the balance in cash in a few weeks?
by JustAsking
Fri Apr 08, 2011 12:42 am
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Your proposal is that you should have an unfair advantage over me since I must decide which shares I am selling by April 7, but you want an extra 376 days to make your decision (next year is a leap year and taxes are due on the 17th). The rules as they exist treat us both equally, as they should. I...
by JustAsking
Thu Apr 07, 2011 10:06 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Oh, I agree, but you originally said, "Would there really be that many cases in which people find it advantageous to change their minds on identification when filling out their returns?" Maybe not, but any such cases would involve a sort of apples to oranges comparison in considering basis.
by JustAsking
Thu Apr 07, 2011 9:32 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Doc, what I was describing was for Vg mutual funds. But dratkinson said: The VG USPS confirmation letter identifies each fund sold and the sale date/total number of shares sold, but not by specific lots. But their sale date/total shares sold match my sale date/total shares sold. And as my secure let...
by JustAsking
Thu Apr 07, 2011 6:32 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

The VG secure email acknowledgment contains (paraphrased) "We've received your email... and will get back to you." Nothing more---my share lot information is not repeated. So I feel a real letter is required for that information. (And as VG does expire sent/received secure emails, I must print a co...
by JustAsking
Wed Apr 06, 2011 6:36 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

And as my secure letter is dated prior to the VG confirmation letter, I figure that is good enough for IRS proof if challenged. What secure letter? You mentioned sending them an email. But if all their reply includes is "sale date/total shares," then the electronic confirmation they post to your ac...
by JustAsking
Tue Apr 05, 2011 8:34 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Thanks--very interesting, that email from Vg. So I guess the answer is, either way, we have to call and specify the number of shares. We won't know exactly how much we'll get for it and may later have to sell something else. If you are only selling part of a lot, you can use a dollar amount; Apparen...
by JustAsking
Tue Apr 05, 2011 5:51 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

From my original post:
However, in most cases we'd probably be selling a dollar amount rather than a particular number of shares, so we wouldn't know the number of shares until after trading closes for the day. Therefore, shouldn't this message be phrased in terms of dollars?
by JustAsking
Tue Apr 05, 2011 4:43 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Thanks for the information. I was referring primarily to mutual funds, and I find it easier to make the trade online than by phone. I wonder how critical the timing is anyway. The whole thing is sort of a theoretical construct--VG isn't going to contest it, and if we say we want to sell a certain am...
by JustAsking
Mon Apr 04, 2011 11:49 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Because if you want to sell, say, $1500 worth and the price drops between the time you place the order and 4 pm, when the daily NAV is calculated, you'd end up with less. Also, if you wanted to sell out one lot because it has the highest cost, you could end up with shares of it left over and the bal...
by JustAsking
Mon Apr 04, 2011 11:15 pm
Forum: Investing - Theory, News & General
Topic: Notifying VG of lot ID for shares
Replies: 41
Views: 4227

Notifying VG of lot ID for shares

The Wiki suggests that when notifying VG of sale of specific lots, we send an email like this: "I am about to place an order to sell 234.456 shares of the XYZ Fund. Please sell 123.456 shares purchased on 1/2/04 and 111.000 shares purchased on 2/1/04; please send confirmation of this Email." http://...
by JustAsking
Wed Mar 30, 2011 10:07 pm
Forum: Personal Investments
Topic: Figuring capital gains on VG Investor to Admiral conversions
Replies: 4
Views: 799

Thanks. Fortunately the conversion was 1:1, so I don't have to deal with any fractional issues. My main concern was how to identify the fund, and livesoft neatly bypassed it.
by JustAsking
Wed Mar 30, 2011 9:37 pm
Forum: Personal Investments
Topic: Figuring capital gains on VG Investor to Admiral conversions
Replies: 4
Views: 799

Thanks, livesoft. Always great to see a problem blown away by simple logic!

Fortunately, the conversions were 1:1, so I don't need to deal with that.

And now, back to my taxes...
by JustAsking
Wed Mar 30, 2011 9:13 pm
Forum: Personal Investments
Topic: Figuring capital gains on VG Investor to Admiral conversions
Replies: 4
Views: 799

Figuring capital gains on VG Investor to Admiral conversions

Hi everyone, In 2009 and 2010, I bought several lots of a couple of VG funds that in April 2010 were converted to Admiral shares. I later sold some of the Admiral shares and have capital gains. Now I'm doing my taxes, and the IRS on Sched D wants to know not only the date they were sold but also the...
by JustAsking
Thu Apr 01, 2010 10:16 am
Forum: Investing - Theory, News & General
Topic: Interpreting VG Bond Fund Performance
Replies: 6
Views: 1368

I was using https://personal.vanguard.com/us/funds/ ... ,0035,0083 , but it changed as of the end of the month. Looks like comparison is not encouraged.
by JustAsking
Wed Mar 31, 2010 5:29 pm
Forum: Investing - Theory, News & General
Topic: Interpreting VG Bond Fund Performance
Replies: 6
Views: 1368

Thanks, but comparing Vanguard's performance figures with Yahoo's for the same time period (through Feb 28 ) shows much different results, which is what I don't understand.
by JustAsking
Wed Mar 31, 2010 12:22 pm
Forum: Investing - Theory, News & General
Topic: Interpreting VG Bond Fund Performance
Replies: 6
Views: 1368

OK, maybe I included too much detail. How about this: 1. Why are the year to date performance figures for Vanguard bond funds so much higher on Yahoo Finance than on Vanguard, for the same period? 2. The coupon for long-term treasury bonds is much higher than for short or intermediate. So why is the...