Search found 5884 matches

by Duckie
Fri Sep 21, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)
Replies: 1
Views: 95

Re: Improper Distribution from After-Tax 401k to Roth (Mega Backdoor)

fufgirl , welcome to the forum. In 2017, I did 2 separate after-tax rollovers from my Fidelity 401k to my Roth IRA at Vanguard, and Fidelity claims that I was really only supposed to be able to do 1 per calendar year. What do your plan documents say about number of rollovers per year? How much was ...
by Duckie
Fri Sep 21, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Letter from Signator Investors
Replies: 1
Views: 205

Re: Letter from Signator Investors

I received a letter from Signator Investors at my Home address, addressed to the Company I work for (not personally to my name). It's a notice about accounts being transferred to Royal Alliance. There's a merger going on: Advisor Group's Royal Alliance Associates Acquires Signator Investors , but i...
by Duckie
Fri Sep 21, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: New job. Need help adding funds to my new 401k
Replies: 1
Views: 95

Re: New job. Need help adding funds to my new 401k

I just started a new job and the types of funds that are available to me don't seem to fit nicely into the simple portfolio I've built. You have an expensive 401k plan with complicated options. The least worst options appear to be: Vanguard Growth Index Fund 0.65% Vanguard Small Cap Value Index 0.6...
by Duckie
Fri Sep 21, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 140
Views: 17642

Re: Vanguard - You'll need to sign up for security codes soon

I don't currently have a gmail account. So my next task is to get one and start figuring out how to forward messages to other addresses. Hopefully it is not too too difficult. It's not difficult. Once you've created the Gmail account, when logged in you'll see a gear symbol in the upper right. Clic...
by Duckie
Thu Sep 20, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 140
Views: 17642

Re: Vanguard - You'll need to sign up for security codes soon

I sign on to Google Voice, obtain a quasi mobile number, and have it forward all messages to an email address. Must the email address be a gmail or it can be anything? It must be gmail. Can I set up to forward to multiple email addresses in case one fails to work? I have a gmail account and have se...
by Duckie
Thu Sep 20, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Automated Roth in plan conversions better than Mega Backdoor to Roth IRA?
Replies: 7
Views: 450

Re: Automated Roth in plan conversions better than Mega Backdoor to Roth IRA?

Does this effectively do the same thing as a Mega Backdoor Roth? Yes. I assume there is little to no tax paperwork with this approach either? You'll get a 1099-R for the conversions and will need to report this information on lines 16a/b of the 1040 form. (Not sure where in 2018 since the form chan...
by Duckie
Wed Sep 19, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: So new to all this it hurts!
Replies: 27
Views: 3261

Re: So new to all this it hurts!

I was surprised my list of options was so small … there is a Fidelity thing called BrokerageLink that appears would give me many more choices but there is a cost to this that I don't know yet. You don't need BrokerageLink. Your basic plan has good options. The best are: FID 500 INDEX FXSIX 0.015 --...
by Duckie
Wed Sep 19, 2018 5:39 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 107
Views: 7849

Re: Did you really have something to retire to?

flyingaway wrote:For those who are retired, did you really have something solid to retire to?
No. I'm a lazy bum. When I retired 12 years ago I expected to fill my time doing the same things I had done before only more-so. My expectations were realized. Other than the getting-old crap, it's been wonderful.
by Duckie
Wed Sep 19, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: New job - worse retirement plan
Replies: 2
Views: 422

Re: New job - worse retirement plan

I am considering consolidating investments by placing all bond holdings in our old 401a/403b accounts (FSITX), and rebalancing our Roths with FSTVX/FTIPX accordingly. My ISP allows annual rebalancing or +/- 5%, and per my understanding this is a tax efficient placement. I am keeping the old account...
by Duckie
Wed Sep 19, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over IRA and Roth IRAs - allocation advice
Replies: 4
Views: 277

Re: Rolling over IRA and Roth IRAs - allocation advice

Does it make sense to set up each account as 70% VTSAX and 30% VBTLX? No. Or, it it better to put the IRAs in VTSAX and Roths in VBTLX? No. Other way around. Does it matter? In general it's better to put assets with higher expected growth (stocks) in Roth accounts and assets with lower expected gro...
by Duckie
Wed Sep 19, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: How should I clean up and diversify my retirement investments?
Replies: 10
Views: 1942

Re: How should I clean up and diversify my retirement investments?

While allocating, I wasn't able to figure out if there is a particular advantage to putting 11% international stock in this Schwab 401k. Based on the "tax-efficient fund placement" strategy, would it make good sense to make this Schwab account bonds+U.S. stocks, such as: 10% Schwab Institutional Co...
by Duckie
Mon Sep 17, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: FSITX bond fund leverage
Replies: 3
Views: 420

Re: FSITX bond fund leverage

edugrind , welcome to the forum. Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk ex...
by Duckie
Mon Sep 17, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie seeking help with planning asset allocation and fund selection in multiple retirement accounts
Replies: 4
Views: 390

Re: Newbie seeking help with planning asset allocation and fund selection in multiple retirement accounts

Hubby <snip> Old employer 403(b) with 20k balance in a targeted fund with Prudential we would like to transfer this to Vanguard or Fidelity If this old 403b is pre-tax and he wants to roll to a TIRA, that is not a good idea. At your income you can't contribute to Roth IRAs directly but can through ...
by Duckie
Sat Sep 15, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: How should I clean up and diversify my retirement investments?
Replies: 10
Views: 1942

Re: How should I clean up and diversify my retirement investments?

My old 401k has pre-tax funds and Roth 401k funds. I checked with my old 401k and new 401k. Old 401k requires I transfer all or nothing. New 401k does not accept Roth 401k funds, but said it can be rolled into a Roth IRA. In that case, if you do want to roll it out, find out if the old 401k (Schwab...
by Duckie
Fri Sep 14, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to Contact Vanguard
Replies: 29
Views: 1753

Re: Planning to Contact Vanguard

JSparks wrote:What is the recommended format?
Asking Portfolio Questions
by Duckie
Fri Sep 14, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Investment help
Replies: 1
Views: 136

Re: 403(b) Investment help

NewYorkDan , welcome to the forum. the following funds are available: The best options are: Vanguard Institutional Index VIIIX (.02%) -- Large caps, 80% of US stocks Vanguard Mid Cap Index VMCPX (.03%) -- Mid caps, 6% of US stocks Vanguard Small Cap Index VSCIX (.04%) -- Small caps, 14% of US stock...
by Duckie
Thu Sep 13, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: How should I clean up and diversify my retirement investments?
Replies: 10
Views: 1942

Re: How should I clean up and diversify my retirement investments?

6% interest is a business expense, which I can deduct. With a near 50% combined fed+state tax rate, it comes out to about 3%. Am I misunderstanding? I'm not a fan of debt but if after deductions it's only 3%, I can see why you keep it. Yes, this 401k will allow rollover from the other 401k plans. T...
by Duckie
Wed Sep 12, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting Question
Replies: 7
Views: 465

Re: Tax Loss Harvesting Question

Cycle wrote:Is it fair to say VFWAX is different enough from VTIAX to not trigger a wash sale?
Yes. VFWAX doesn't have small caps. That's enough of a difference.
by Duckie
Wed Sep 12, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: How should I clean up and diversify my retirement investments?
Replies: 10
Views: 1942

Re: How should I clean up and diversify my retirement investments?

CalculatedRisk , welcome to the forum. Debt: $6k student loan (2% interest), $30k business loan (variable, currently 6% interest) <snip> Annual income: $500k/year I realize you are saving for the home, but 6% is high in this market. Age: 38 (plan to retire around 65) <snip> Desired Asset allocation...
by Duckie
Mon Sep 10, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Savings Health Check & BDR Question
Replies: 3
Views: 466

Re: Retirement Savings Health Check & BDR Question

Would 80/20 stock/bond be a bit aggressive at 35? Maybe a little bit. Anything between 80/20 and 70/30 would be fine. In your explanation about "how to convert", I see you instructed me to roll my existing Traditional Vanguard IRA (rolled over from an old employer 401k) into my new employer's 401K....
by Duckie
Sun Sep 09, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations on taxable account
Replies: 11
Views: 1442

Re: Recommendations on taxable account

What do you recommend for starting a new taxable investing account? I've done some searching/reading on the various advice given to others, and narrowed it down to: 1. A Lifestrategy fund. (conservative/moderate growth) 2. A Target retirement fund (2045/2050) 3. A three fund portfolio (which ones?)...
by Duckie
Sat Sep 08, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: New to Donor Advised Funds, need guidance
Replies: 22
Views: 1526

Re: New to Donor Advised Funds, need guidance

How does one decide the asset allocation of the DAF? That's a personal decision. Can one invest in more than one mutual fund & move money among different funds. You can at Fidelity. I don't know how the other DAFs work. The thing is, if you're not going to contribute a lot, and plan to disburse it ...
by Duckie
Sat Sep 08, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Savings Health Check & BDR Question
Replies: 3
Views: 466

Re: Retirement Savings Health Check & BDR Question

Should I roll over previous employer 401K to new employer? If the new plan will take the old plan, yes. The new plan has good options (without knowing the plan expense ratios). Good options you listed: SSgA S&P 500 Index Fund -- Large caps, 80% of US stocks Vanguard Extended Market Index Fund -- Mi...
by Duckie
Sat Sep 08, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help Simplifying Portfolio
Replies: 16
Views: 1572

Re: Help Simplifying Portfolio

I haven't settled on where to open my taxable account; I was sort of forced to have that brokerage account in order to get that debit card. Vanguard does seem to be the "easiest" choice but even with my 403b, I've had issues reaching them and to not be available on weekends (whereas Schwab is 24/7)...
by Duckie
Fri Sep 07, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Help Simplifying Portfolio
Replies: 16
Views: 1572

Re: Help Simplifying Portfolio

Age: Early 30s Desired asset allocation: 80% stocks/ 20% bonds Desired international allocation: ?? % of stocks (30% sounds like a good number?) That breaks down to 56% US stocks, 24% international stocks, and 20% bonds. Sounds reasonable. 403b at Vanguard The best options are: Vanguard 500 Index (...
by Duckie
Fri Sep 07, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: need help with portfolio adjustment with new income + moving away from money managers
Replies: 5
Views: 575

Re: need help with portfolio adjustment with new income + moving away from money managers

I recently have got about $240K in cash and want your help in seeing how I can put it in a taxable brokerage account. I was thinking of opening an account with Vanguard with a 4 ETF portfolio as below VXUS - 40% VTI - 20% BND - 30% VNQ - 10% BND and especially VNQ do not belong in a taxable account...
by Duckie
Fri Sep 07, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: [Help] Balancing Portfolio and some questions
Replies: 18
Views: 1225

Re: [Help] Balancing Portfolio and some questions

shinnoobie wrote:Is it better to convert the 401k to traditional?
All employER contributions are traditional. You would save more on taxes and have more take-home pay if your employEE contributions were traditional. Right now, how much of the two accounts are Roth and how much traditional?
by Duckie
Thu Sep 06, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to Vanguard from Edward Jones, Advice Needed
Replies: 6
Views: 698

Re: Moving to Vanguard from Edward Jones, Advice Needed

I will have about 30k coming over to Vanguard which I intend to put into a 3 fund portfolio. What I'm wondering is if someone can explain if I should move the money into the Vanguard Funds incrementally over some period of time (is this called "Dollar Cost Averaging?") or simply to drop it into the...
by Duckie
Thu Sep 06, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: [Help] Balancing Portfolio and some questions
Replies: 18
Views: 1225

Re: [Help] Balancing Portfolio and some questions

shinnoobie wrote:I will take my time to look at the portfolios you made.
I just realized the 401k plans are Roths. In that case ignore Portfolio #2. It's more expensive and since the employer plans are not pre-tax there is no advantage to hold the bond funds there.
by Duckie
Thu Sep 06, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: should I reinvest capital gains and dividends in a taxable account?
Replies: 11
Views: 987

Re: should I reinvest capital gains and dividends in a taxable account?

Also, which is better for taxable accounts, vanguards vs schwab target date fund? The primary factor is the amount of bonds in the target-date fund, no matter the fund company. The more bonds the less tax-efficient. But because Vanguard has a patent on their ETFs their funds avoid capital gains dis...
by Duckie
Thu Sep 06, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: [Help] Balancing Portfolio and some questions
Replies: 18
Views: 1225

Re: [Help] Balancing Portfolio and some questions

My wife and I need help with our portfolio. I'm 33, and she's 25. At your ages I recommend an Asset allocation of 80% stocks and 20% bonds, with 30% of stocks in international. That breaks down to 56% US stocks, 24% international stocks, and 20% bonds. I've read somewhere on this site that admiral ...
by Duckie
Mon Sep 03, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review request
Replies: 4
Views: 455

Re: Portfolio Review request

Age: 43 me, 40 wife <snip> Desired Asset allocation: 80% stocks /20% bonds (open to suggestion) At your ages I'd be 30% bonds. Desired International allocation: 10-15% of stocks (open to suggestion) Vanguard has found between 20% and 40% of stocks in international to be the "sweet spot". See the Va...
by Duckie
Mon Sep 03, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Guidance needed
Replies: 7
Views: 870

Re: Portfolio Review - Guidance needed

William4478 , welcome to the forum. Age: 31 Desired Asset allocation: 80% stocks / 20% bonds This is reasonable for your age. Desired International allocation: UNK? Vanguard has found between 20% and 40% of stocks in international to be the "sweet spot". See the Vanguard paper link and the discussi...
by Duckie
Mon Sep 03, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help w/3 Fund Selections from Employer
Replies: 16
Views: 1225

Re: Help w/3 Fund Selections from Employer

I’m looking into the options available from my employer and wanted to see if I could get recommendations for the 3 (stock, bond, international) from what I have available to select. The best options are: Vanguard 500 Index 0.69% -- Large caps, 80% of US stocks Fidelity Extended Market Index 0.72% -...
by Duckie
Mon Sep 03, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Young New Investor: Help with AA (esp across multiple accounts)
Replies: 5
Views: 536

Re: Young New Investor: Help with AA (esp across multiple accounts)

I have a Roth, pre-tax or combo option for contributing to the 457 plan, which is governmental. If I go with traditional, I can benefit from the federal deduction but not from NJ. Or, I could go with the Roth or some kind of mixture. I've read that there are no penalties for withdrawing money from ...
by Duckie
Fri Aug 31, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in taxable vs mortgage
Replies: 17
Views: 1927

Re: Investing in taxable vs mortgage

I own all these accounts. I’m not sure if the 401K or deferred comp will allow rollovers. The SEP IRA is from self employment - no employees currently That means your wife can contribute now to a Roth IRA using the Backdoor Roth IRA method. If you open a solo 401k (at a custodian which allows incom...
by Duckie
Fri Aug 31, 2018 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over 401k that has after-tax contributions
Replies: 4
Views: 450

Re: Rolling over 401k that has after-tax contributions

I found at least a partial answer from the IRS: https://www.irs.gov/retirement-plans/rollovers-of-after-tax-contributions-in-retirement-plans This implies that when you take money from the 401k to the IRAs, you have to take a pro-rate share from pre-tax and after-tax monies, but you can route the f...
by Duckie
Fri Aug 31, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over 401k that has after-tax contributions
Replies: 4
Views: 450

Re: Rolling over 401k that has after-tax contributions

My 401k allows for in-service roll-overs. An in-service rollover generally means rolling from after-tax 401k to Roth IRA. If your 401k allows in-plan Roth rollovers that would mean rolling from after-tax 401k to Roth 401k. Does your plan allow for the second option? What exactly is meant by age 59 ...
by Duckie
Fri Aug 31, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on investments
Replies: 8
Views: 707

Re: Advice on investments

Why is it a good thing to move everything to one brokerage? Is that just the most tax efficient and simplest way? I recommend you move away from both Wells Fargo and M1 Finance. Vanguard, Fidelity, and Schwab are the brokerage favorites on this forum and since your 401k is at Fidelity I thought it ...
by Duckie
Fri Aug 31, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Schedule C 1099-MISC solo 401K query
Replies: 6
Views: 390

Re: Schedule C 1099-MISC solo 401K query

freedom66 wrote:So on 1040 line 28 (Self-employed SEP, SIMPLE, and qualified plans) that is sum of both the employer and employee contributions for me?
What goes on Form 1040 line 28 depends on how you figure things on the worksheet in Chapter 5 of Publication 560.
by Duckie
Fri Aug 31, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: Are CDs considered an investment?
Replies: 75
Views: 3962

Re: Are CDs considered an investment?

neveragain wrote:Are CDs considered an investment?
It depends on their purpose. If they are part of your emergency fund or house down-payment fund then they are savings. If they are part of the fixed income portion of your retirement portfolio then they are an investment.
by Duckie
Fri Aug 31, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in taxable vs mortgage
Replies: 17
Views: 1927

Re: Investing in taxable vs mortgage

401K VWENX $675,000 – Invest approximately $43,000/year (my contributions + employer profit sharing) SEP-IRA VAIPX $241,000 – Invest approximately $18,000-20,000/year Traditional IRA VEMAX $19,000 – Currently invest $0/year (no tax benefits) VBTLX $15,000 – Currently invest $0/year (no tax benefits...
by Duckie
Fri Aug 31, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: IRA / Keogh question
Replies: 5
Views: 382

Re: IRA / Keogh question

If you are employed in the general workforce, are you still able to have either a self-employed 401K / Keogh, or is that nullified, because you can already contribute to your workplace retirement plan? You can have a 401k for W-2 income and a solo 401k for self-employment income at the same time. Y...
by Duckie
Fri Aug 31, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Young New Investor: Help with AA (esp across multiple accounts)
Replies: 5
Views: 536

Re: Young New Investor: Help with AA (esp across multiple accounts)

We both started our jobs 2 weeks ago, so there really isn't very much allocated anywhere in terms of current account percentages. His 403(b) has about $340 and her 401(a) has about the same amount. So I guess that means 50% and 50%, I was trying to get ahead of the curve and pick the right investme...
by Duckie
Thu Aug 30, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on how to save more
Replies: 11
Views: 1407

Re: Need advice on how to save more

My plan is to do the following: Me: Transfer SEP-IRA to Traditional IRA Transfer Traditional IRA to company 401(k) plan Open new traditional IRA account Contribute $5,500 post-tax money Call and convert the $5,500 to a Roth IRA Repeat step 4 and step 5 annually Her: Open a solo 401(k) Transfer Trad...
by Duckie
Thu Aug 30, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Young New Investor: Help with AA (esp across multiple accounts)
Replies: 5
Views: 536

Re: Young New Investor: Help with AA (esp across multiple accounts)

History_Prof , welcome to the forum. Ages: Him: 28 / Her: 29 <snip> Desired Asset Allocation: 95/5 for the next 5 years (can be convinced for 90/10) Please be convinced to go at least 90/10. 80/20 would be even better. Desired international: 25-30% (can go with 20) Reasonable. Vanguard has found be...
by Duckie
Thu Aug 30, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on investments
Replies: 8
Views: 707

Re: Advice on investments

Vindictive , welcome to the forum. Age: 20 Desired Asset allocation: 90% stocks / 10% bonds Desired International allocation: 20-30% of stocks A little low on bonds, but reasonable for your age. For my Fidelity 401k The best options are: VANG 500 INDEX (VFIAX) 0.04% -- Large caps, 80% of US stocks ...
by Duckie
Tue Aug 28, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection
Replies: 7
Views: 558

Re: 401k Fund Selection

My only concern is with rebalancing, but in theory that shouldn't be too difficult. Since the position in Her IRA is fixed in a single fund, for now it's just a matter of recalculating the portfolio total and distributing His 401k to hit the AA. To make it easier, you only need to rebalance once or...
by Duckie
Mon Aug 27, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to jump in. My investment plan
Replies: 9
Views: 776

Re: Ready to jump in. My investment plan

-His and her Fidelity Traditional IRA into FXNAX (Fidelity U.S. Bond Index Fund - Institutional Premium Class) with an expense ratio of 0.025% You will find that you cannot buy this fund because of the minimum purchase amount.... :P You can now: ( FXNAX ) Fidelity U.S. Bond Index Fund Institutional...
by Duckie
Mon Aug 27, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection
Replies: 7
Views: 558

Re: 401k Fund Selection

Age: Early 30s Desired Asset allocation: 85% stocks / 15% bonds 15% bonds is a little low for age 30s, but reasonable. Desired International allocation: <=20% of stocks Reasonable. His Funds available in 401(k) The best options are: FID 500 INDEX IPR (FXAIX) (0.015%) -- Large caps, 80% of US stocks...