Search found 107 matches

by TxInjun
Sat Aug 01, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: weighted expense ratio calculation?
Replies: 3
Views: 267

Re: weighted expense ratio calculation?

Is there a simple way to calculate weighted expense ratios of a portfolio? For example, if one wanted to compare a target retirement fund with an expense ratio of 0.46% and a portfolio with: 25% fund A (0.06%) 51% fund B(0.02%) 15% fund C(0.03%) 9% fund D (0.04%) 25% can also be written as 0.25 You...
by TxInjun
Sat Jun 06, 2020 10:17 am
Forum: Investing - Theory, News & General
Topic: Private Equity Gets a Big Win With U.S. Nod to Tap 401(k) Plans
Replies: 65
Views: 5371

Re: What do the experts here think on inclusion of Private equity in 401K plans?

Not an expert but I’m certain that this is not a good thing for the common investor. It is also a massive deviation toward managed holdings and away from the Bogleheads philosophy of low cost investment vehicles. Many moons ago, my advisor at Merrill Lynch suggested I put part of my portfolio in a h...
by TxInjun
Tue May 05, 2020 2:09 pm
Forum: Investing - Theory, News & General
Topic: The Fed buying Corporate Bond ETFs
Replies: 90
Views: 5556

Re: The Fed buying Corporate Bond ETFs

I am also unclear on the Fed's exit strategy from these bonds - does anyone know if / how that has been defined? Generally all is good when the Fed starts supporting them, everyone will get used to the "new normal" - and there will be a "tantrum" when the Fed starts to deleverage...
by TxInjun
Wed Apr 29, 2020 6:03 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 13276

Re: What explains the continued rise in equities?

At the FOMC meeting today, the last question was about what Powell's advice would be to savers who are affected by ZIRP. Powell's response: - Living off interest in a savings account not a good idea. - If you own a house, that's going up in price. - If you have a 401k, that's going up too. (He's pr...
by TxInjun
Sat Apr 25, 2020 7:02 pm
Forum: Personal Investments
Topic: Tax Lot Assignment after Settlement date - Am I too late now?
Replies: 7
Views: 507

Re: Tax Lot Assignment after Settlement date - Am I too late now?

kaneohe wrote: Mon Apr 20, 2020 3:54 pm Did you select a default cost basis method at Fidelity? or are you using theirs?
I left it default selection: need to change that option.

TxIn
by TxInjun
Mon Apr 20, 2020 12:48 pm
Forum: Personal Investments
Topic: Tax Lot Assignment after Settlement date - Am I too late now?
Replies: 7
Views: 507

Tax Lot Assignment after Settlement date - Am I too late now?

Story: - Account held at Fidelity - I entered trades on 4/13. All trades went through the same day. I did not select the specific lots in the sale instructions. Settlement date was shown as 4/15. All lots were held at Fidelity, so there is no issue of missing information etc. - On 4/17 Friday, I wen...
by TxInjun
Thu Apr 02, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: Western Union Unclaimed Property Letter - Real or Scam?
Replies: 13
Views: 1728

Re: Western Union Unclaimed Property Letter - Real or Scam?

Thank you all, for your schooling. I appreciate it. Almost certainly a scam, not sure what I was thinking.

To answer some questions, there is a PO box mailing address on the letter. Nothing shows up on the CA unclaimed property website when I search on it.

Best,

TxIn
by TxInjun
Tue Mar 31, 2020 7:08 pm
Forum: Personal Consumer Issues
Topic: Western Union Unclaimed Property Letter - Real or Scam?
Replies: 13
Views: 1728

Western Union Unclaimed Property Letter - Real or Scam?

Hello fellow Bogleheads, I received a letter in early March, letterhead of Betty T. Yee, CA State Controller, saying that I have unclaimed property (value of $270) with Western Union. The letter further gives an 866 number and an email address (unclaimedproperty@westernunion.com - domain name checks...
by TxInjun
Sat Mar 28, 2020 3:08 pm
Forum: Personal Investments
Topic: Mega Backdoor Qs
Replies: 14
Views: 659

Re: Mega Backdoor Qs

In my Fidelity account, I usually go higher on the percentage, i.e. I should exceed my contribution limits. But the system is savvy and will stop at the limits. Please call Vanguard and confirm.

Best,

TxIn
by TxInjun
Fri Mar 27, 2020 6:42 pm
Forum: Personal Investments
Topic: Fidelity commission-free ETF
Replies: 10
Views: 820

Re: Fidelity commission-free ETF

Fidelity also offers iShares ETFs commission-free. I believe all of them are commission-free, but you should check to confirm.

Best,

TxIn
by TxInjun
Mon Mar 16, 2020 10:57 pm
Forum: Investing - Theory, News & General
Topic: Over Rebalancing.
Replies: 19
Views: 1489

Re: Over Rebalancing.

I don't know how this back-tests, but I have a philosophical problem with over-rebalancing. Rebalancing is based on responding to past changes (and restoring the relative risk of a portfolio). Over-rebalancing is really a bet on the future direction of the market. I used to be a stock-picker and I ...
by TxInjun
Mon Mar 09, 2020 10:06 pm
Forum: Personal Investments
Topic: Still a newbie: Traditional IRA (w/ Backdoor) or Individual Taxable Account?
Replies: 17
Views: 572

Re: Still a newbie: Traditional IRA (w/ Backdoor) or Individual Taxable Account?

Your step 2 is slightly wrong. Your Roth conversion did not happen in 2019, so there is nothing to report on that form about Roth conversion. See Duckie's post. You need to fill out only fields: 1, 2, 3, 14. Then sign it and mail it in. If you are using a tax software to file your taxes, you might ...
by TxInjun
Sun Mar 08, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on CEF Muni funds like PMO - vs Vanguard
Replies: 6
Views: 562

Re: Thoughts on CEF Muni funds like PMO - vs Vanguard

cefconnect.com is a useful screener for Closed-End funds. While I have limited experience with CEFs, they are interesting to me to follow as they yield higher than "normal" MFs and ETFs, and have the possibility of higher returns during market volatility. I started looking at junk bond CEF...
by TxInjun
Sun Mar 08, 2020 1:06 pm
Forum: Personal Investments
Topic: Still a newbie: Traditional IRA (w/ Backdoor) or Individual Taxable Account?
Replies: 17
Views: 572

Re: Still a newbie: Traditional IRA (w/ Backdoor) or Individual Taxable Account?

You got it! There are 2 steps, you can fund the IRA to the IRS limit. It sounds like the IRA contribution will not be deductible due to your income. The second step is to roll it over to your Roth IRA account, and thence it grows tax-free forevermore.

TxIn
by TxInjun
Tue Jan 21, 2020 10:37 pm
Forum: Personal Consumer Issues
Topic: Navien Tankless Heater - DIY not working
Replies: 5
Views: 913

Re: Navien Tankless Heater - DIY not working

So ha ha, turns out I did not install an o-ring properly when I put the flow sensor back. There are 2 ends to the flow sensor, and I put the o-ring on the wrong side (the clamp side). In my defense, the "right" side looked like it was a friction-fit seal, and the installation guide that ca...
by TxInjun
Sun Jan 19, 2020 8:22 pm
Forum: Personal Consumer Issues
Topic: Navien Tankless Heater - DIY not working
Replies: 5
Views: 913

Re: Navien Tankless Heater - DIY not working

Thanks guys. Yes, as galving says, the massive flow from the condensate line is when the power and gas were off, no combustion goin on. I redid the flow sensor and still see the same issue, not sure what I’d done... I am usually careful to avoid water hammer (there’s also an expansion tank right by ...
by TxInjun
Sat Jan 18, 2020 9:48 pm
Forum: Personal Consumer Issues
Topic: Navien Tankless Heater - DIY not working
Replies: 5
Views: 913

Navien Tankless Heater - DIY not working

Hello fellow Bogleheads, The casa has a Navien NPE-240A that came installed new (in the basement) when we bought this renovated house just over 5 years ago. The unit has external recirculation enabled to the kitchen faucet on the 1st floor. Bedrooms and baths are on the 2nd floor, upstairs. We live ...
by TxInjun
Mon Jan 06, 2020 4:30 pm
Forum: Personal Investments
Topic: Roth IRA - so who hit 'enter' at 12:01AM this morning?
Replies: 113
Views: 11062

Re: Roth IRA - so who hit 'enter' at 12:01AM this morning?

Hello all, <Slight digression from the timestamp topic :-) > I have contributed to my Roth IRA via Backdoor for the last 2 years. I have also been funding MBD conversions from my employer 401K into the same Roth account.All accounts are held @ Fidelity. For 2020, I am not sure if my income will be a...
by TxInjun
Sat Dec 28, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: What tech wiring in new build house?
Replies: 124
Views: 7487

Re: What tech wiring in new build house?

To add to the helpful responses: add a conduit for the cabling from a wall mount flat panel TV (about the mounting height) to wherever your AV equipment will be. You can snake HDMI, Ethernet and power cables. About 5 years ago, we were first buyers of a rebuilt house, the buildier had put in telepho...
by TxInjun
Sun Sep 01, 2019 11:33 am
Forum: Personal Investments
Topic: Rolling over trad & roth 401k with backdoor roth in mind
Replies: 3
Views: 319

Re: Rolling over trad & roth 401k with backdoor roth in mind

If "new company" offers a Roth 401K option, you could roll over the "current company" Roth 401K into that account, I'd imagine. Was there a reason you wanted the Roth 401K -> Roth IRA?

Best,

TxIn
by TxInjun
Wed Aug 28, 2019 12:00 am
Forum: Investing - Theory, News & General
Topic: Is Fred Schwed the OG?
Replies: 6
Views: 919

Re: Is Fred Schwed the OG?

Love Schwed. “Customers yachts” has a prominent place among my financials books, and I always recommend his book to all that ask to learn about money management.

TxInjun
by TxInjun
Sun Jul 21, 2019 7:15 pm
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 9130

Re: Gold?

... Back to TIPS, I was very surprised that when the financial crisis hit in September 2008 that while nominal US Treasuries rallied strongly, TIPS actually fell 10-12% which took me by surprise. For one thing, the financial crisis was deflationary and for another thing, TIPS are far less liquid th...
by TxInjun
Sun Jul 21, 2019 3:41 pm
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 9130

Re: Gold?

Long term US Treasuries are almost the perfect diversifier for the US Stock Market. The only exception would have been the 1973-74 bear market which in large part was caused by the oil shocks which in term caused Stagflation, which was a nightmare for Stock and Bond investors. How would you charact...
by TxInjun
Sun Mar 31, 2019 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion
Replies: 11
Views: 1073

Re: Backdoor Roth: Fidelity vs Vanguard Waiting Period After IRA Contribution Before Allowing Conversion

Cash wrote: Sun Mar 31, 2019 8:08 pm I was able to convert immediately after funding at Fidelity. The whole process took only a couple of minutes. But I funded from my Fidelity CMA. Yet another benefit of consolidation.
Ditto for me.

TxIn
by TxInjun
Sat Mar 30, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]
Replies: 72
Views: 7660

Re: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]

Hello vineviz,

Excellent analysis, thanks. I'd like to play around, I can clearly see you did this analysis on PortfolioVisualizer :-) but am unable to see where you are able to push the start window to 1965. Can you please let me know how you constructed this analysis on PV?

Thanks and cheers

TxIn
by TxInjun
Fri Mar 22, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 6956

Re: CPA is not including form 8606 for my backdoor Roth

Nice work. You dealt with the added complexity of 3 things: -Roll IRa into 401k -Dealing with a nominal leftover amount in the IRA -Doing 2 years at once. But from now on it is super duper easy. Each year, make one contribution post tax to the IRA and the next day, transfer the balance of the IRA t...
by TxInjun
Thu Mar 21, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 6956

Re: CPA is not including form 8606 for my backdoor Roth

This sounds like there was the issue of rolling a prior tIRA into a 401K to avoid the pro-rate rules ALL BEFORE starting the Roth IRA. Yes, this was required in my situation, and arguably took the most effort - even if it is a one-time thing. Next year and the following years will be much simpler. ...
by TxInjun
Thu Mar 21, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: CPA is not including form 8606 for my backdoor Roth
Replies: 86
Views: 6956

Re: CPA is not including form 8606 for my backdoor Roth

Yeah, I would focus on backdoor #2. Client comes in in March. you say, “Looks like you have a traditional IRA. If you have a decent 401k, why don’t you roll that into your 401k. Then once that is complete, make a post-tax deposit of 6k into the IRA. Next day, transfer it from the IRA to the Roth IR...
by TxInjun
Sat Mar 02, 2019 6:55 pm
Forum: Investing - Theory, News & General
Topic: Why are Backdoor Roths so popular are this forum?
Replies: 47
Views: 5360

Re: Why are Backdoor Roths so popular are this forum?

In the cases of Mega Backdoor Roth* and Back door Roth**, I am converting money that has already been taxed into money in a Roth account where it will never get taxed again. This is clearly a win, I don’t see how this can be debated. In the case of Roth conversion***, this is indeed arbitrage betwee...
by TxInjun
Mon Feb 18, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another Backdoor Roth Question
Replies: 8
Views: 750

Re: Another Backdoor Roth Question

Hello FiveK, First, thanks for responding helpfully! On the low end, compensation must be equal to or greater than your IRA contribution. On the high end, see Retirement Topics IRA Contribution Limits | Internal Revenue Service . We're covered on the low end. On the high end, did you mean that the i...
by TxInjun
Sun Feb 17, 2019 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Another Backdoor Roth Question
Replies: 8
Views: 750

Re: Another Backdoor Roth Question

Thanks for the responses, Duckie. You can roll your rollover IRA to your current 401k, but if your wife has a rollover IRA she can't roll it to your current 401k. I shoulda been clearer. DW also has a 401K from a previous job, at Fidelity. And a Rollover IRA. Open two new Traditional IRAs and contri...
by TxInjun
Sat Feb 16, 2019 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 123
Views: 11742

Re: What net worth supersedes Bogleheads’s strategy

Wricha wrote: Sat Feb 16, 2019 8:27 pm What is the net worth limit of being a Boglehead.
Old Texas saying: “Dance with who brung’ya”. Just sayin’

TxIn
by TxInjun
Sat Feb 16, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Another Backdoor Roth Question
Replies: 8
Views: 750

Re: Another Backdoor Roth Question

Thank you OP for starting this thread - very timely for me. I waited a little to ensure your questions were answered before asking my own questions :) I too am considering starting a Backdoor Roth for me and my wife. I turn 50 this year (in Sep) and income-limited out of Roth. DW does not work: she ...
by TxInjun
Tue Feb 12, 2019 11:13 pm
Forum: Personal Consumer Issues
Topic: Gas / Electric Fireplace only produces a low flame
Replies: 13
Views: 1178

Re: Gas / Electric Fireplace only produces a low flame

Thank you all for your helpful responses. I’ve since discovered that the burner unit can only be opened up with a specific tool, a safety torx screwdriver. Methinks the mfr made it extra childproof for a reason, so I will bring in the professionals on this one.

TxIn
by TxInjun
Sun Feb 10, 2019 1:54 pm
Forum: Personal Consumer Issues
Topic: Gas / Electric Fireplace only produces a low flame
Replies: 13
Views: 1178

Gas / Electric Fireplace only produces a low flame

Hey Bogleheads, I have a gas fireplace with an electric-only start. The unit is the Heat & Glo 6000C-IPI. It's worked fine in the past, but hasn't been fired up for a while. So when I turned it on recently, the "starter" flame ignites, but none of the main area lights up. I then opened...
by TxInjun
Wed Jan 09, 2019 6:40 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 9041

Re: Safe withdrawal rate at 38 years old

We like this blog post, regarding CAPE withdrawals, which is a variable/option using cfiresim. Thank you for bringing this up, jainn- I hadn’t seen this before. Very interesting to incorporate CAPE in the calculation. We prefer to use the most conservative method available ( CAPE 1.00/.05 ), mostly...
by TxInjun
Wed Dec 12, 2018 8:03 pm
Forum: Personal Investments
Topic: Non-Qualified Deferred Compensation (NQDC) Distribution Election
Replies: 20
Views: 1421

Re: Non-Qualified Deferred Compensation (NQDC) Distribution Election

NQDC plans that I've seen give the option to change your distribution elections annually. Please confirm this with your wife's plan. In other words, you are not locked into the same selection on distributions "forever".

TxIn
by TxInjun
Wed Dec 12, 2018 7:57 pm
Forum: Personal Investments
Topic: Deferred comp question
Replies: 2
Views: 545

Re: Deferred comp question

In plans I'm familar with, (assume 10 year annual payouts in this case) you'll get 1/10th the first year, 1/9th the 2nd year, 1/8th the 3rd year, etc. The issue of your asset allocation is separate. Even if payout is on a fixed and unalterable schedule, typically you can change the asset allocation....
by TxInjun
Thu Nov 29, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: Confused - Seems California Muni ETF is worse than National Muni ETF
Replies: 5
Views: 1266

Re: Confused - Seems California Muni ETF is worse than National Muni ETF

Thank you for all your replies! If you look at the percentage of A and BBB bonds, the evidence that CMF has less credit risk is more apparent. I agree, the CMF risk profile is better than MUB's. This probably explains most of the yield difference. My understanding is the expense ratio is taken out o...
by TxInjun
Thu Nov 29, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: Confused - Seems California Muni ETF is worse than National Muni ETF
Replies: 5
Views: 1266

Confused - Seems California Muni ETF is worse than National Muni ETF

Hey there BHers, My accounts are held at Fidelity and they provide low- (or no-)cost access to iShares ETFs. So I have been looking at CMF (Cal Muni ETF) and MUB (National Muni ETF). Here is my comparison: CMF: 0.25% ER, 2.47% SEC Yield as of 11/28 MUB: 0.07% ER, 2.82% SEC Yield as of 11/28 (I recog...
by TxInjun
Fri Nov 16, 2018 9:38 pm
Forum: Personal Investments
Topic: total US bond fund for Fidelity account holders
Replies: 6
Views: 1227

Re: total US bond fund for Fidelity account holders

I just hated the transition from FSITX to FXNAX. The way Quicken downloaded the merge is a sale-and-purchase, so it computes all these income and CG terms, AND as a consequence (most sinful of all) doesn't track the original dates and cost basis - it lumped all the "sales" on 11/2, and the...
by TxInjun
Mon Oct 29, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Company being acquired what to do with stock?
Replies: 15
Views: 1619

Re: Company being acquired what to do with stock?

It sounds like the stock price has NOT gone up to the level of the new bid, based on OP’s comments. The SEZc examines any changes in your trading pattern around such transactions with great detail. My advice is to NOT make any changes in your open orders till the news is public. After that event, yo...
by TxInjun
Mon Oct 22, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?
Replies: 66
Views: 10703

Re: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?

I've been a Simplisafe user since 2014, but have decided to move to Ring (I'll switch over this weekend). Please post back and let us know how it goes. The install for the base-station was a little more complex than I was expecting, it took some time to get the base-station to talk properly to my W...
by TxInjun
Fri Oct 19, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?
Replies: 66
Views: 10703

Re: DIY Home Security: SimpliSafe vs Ooma vs Nest vs Ring vs Other?

I've been a Simplisafe user since 2014, but have decided to move to Ring (I'll switch over this weekend). The Simplisafe base-station was simply unable to consistently connect to the network, and I'd just get weekly reminders to reboot the base-station or to move it to a different location. Thanks f...
by TxInjun
Thu Sep 13, 2018 2:38 am
Forum: Investing - Theory, News & General
Topic: CA Muni Bonds Recommendations
Replies: 9
Views: 1918

Re: CA Muni Bonds Recommendations

At Fidelity, you can get an iShares ETF with ticker “CMF”.

TxIn
by TxInjun
Tue Sep 11, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Historical SWR vs. Monte Carlo on PortfolioVisualizer.com
Replies: 69
Views: 6504

Re: Historical SWR vs. Monte Carlo on PortfolioVisualizer.com

You can set Portfolio Visualizer to use blocks of n years in doing the bootstrapping. This allow one to tailor as much reversion-to-mean as one wants. The trade off, of course, is smaller number of distinct samples in the historical record. More of an issue if one doesn't start the data at 1871 of ...
by TxInjun
Mon Sep 10, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: Go to Istanbul next week. Any suggestions
Replies: 50
Views: 4501

Re: Go to Istanbul next week. Any suggestions

We just got back last Sunday from a week in Istanbul, maybe our best vacation yet. For practical items: Just withdraw cash from an ATM, don't go to the Money Changers Get an IstanbulKart, it works on the trams, ferries, etc. Your hotel may lend you a card and you can charge it Get the Bitaksi app, i...
by TxInjun
Sun Aug 05, 2018 12:48 am
Forum: Personal Investments
Topic: What to do with a five figure "inherited" cash sum?
Replies: 32
Views: 3640

Re: What to do with a five figure "inherited" cash sum?

I agree with 123’s concern, but it could take a lot of time (and risk) to upload cash at an atm. You seem to know what you want, you should be able to walk into your bank and deposit the cash while fending off sales pitches. I understand that banks are required to report cash transactions above $10K...
by TxInjun
Tue Jul 10, 2018 1:24 pm
Forum: Personal Investments
Topic: Fidelity Funds .004% Management Fee Each Year
Replies: 9
Views: 1368

Re: Fidelity Funds .004% Management Fee Each Year

OP, is this planned to be managed via a Fidelity partner e.g. Breckinridge (their spelling, not mine), or Fidelity themselves?
by TxInjun
Wed Jul 04, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: Car Title - How do I have it reissued across State lines
Replies: 6
Views: 951

Re: Car Title - How do I have it reissued across State lines

OP here - yes, Texas Blue Title. Lien holder has signed on the front for the release, and I have it in hand. What is missing is 2 things - haven't informed TX about the lien release; and haven't transferred title to California. Do I need to do either of these if I wanted to sell my car in the future...