Search found 1896 matches

by jhfenton
Mon Dec 21, 2015 3:23 pm
Forum: Investing - Theory, News & General
Topic: VTMGX / VEA transitions to tracking new index, impact on TLH?
Replies: 2
Views: 391

Re: VTMGX / VEA transitions to tracking new index, impact on TLH?

So to summarize, going forward VEA = FTSE Developed All Cap ex US Index SCHF = FTSE Developed ex US Index I think this means VEA includes small caps while SCHF does not? What impact (if any) do you think this has on SCHF as a TLH choice with VEA? If anything, they should track a little closer than ...
by jhfenton
Mon Dec 21, 2015 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Funds VS Build Your Own for .055%-.107% Less?
Replies: 12
Views: 1687

Re: Target Date Funds VS Build Your Own for .055%-.107% Less?

I would definitely split, because that's the way I roll. I wouldn't mirror my allocations between the accounts, though. I'd avoid the BlackRock Russell 2000 Index Fund completely and avoid or underweight the BlackRock MSCI ACWI ex-U.S. IMI Index Fund, taking advantage of the better Vanguard small-ca...
by jhfenton
Mon Dec 21, 2015 10:29 am
Forum: Investing - Theory, News & General
Topic: Goldman is going slash-and-burn for factor investing market share
Replies: 13
Views: 2174

Re: Goldman is going slash-and-burn for factor investing market share

Important point to keep in mind is that all this money coming into "smart" beta (just gaining beta, or exposure, to other factors) isn't necessarily reducing the premium. It depends on whether this is incremental money or it's just active investors already in these factors (whether they k...
by jhfenton
Sun Dec 20, 2015 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Which Tax Exempt Fund?
Replies: 10
Views: 1236

Re: Which Tax Exempt Fund?

Consider half and half? It would be nice to get some state tax relief, but I would not put all my tax-exempt allocation into that narrow a fund unless it is only a small part of my portfolio. The Ohio fund will likely drop in value a little more as interest rates rise. This is what I do, except tha...
by jhfenton
Sat Dec 19, 2015 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Index - Distribution
Replies: 15
Views: 2859

Re: Total Stock Market Index - Distribution

All of my 12/17 record date, 12/18 reinvestment date, 12/21 payable date Vanguard funds had their dividends reinvested yesterday. The dividends and reinvested shares showed up overnight last night. Non-reinvested dividends should show up on Monday wherever you had them sent.
by jhfenton
Sat Dec 19, 2015 9:51 am
Forum: Investing - Theory, News & General
Topic: Best fund or ETF for Frontier Markets?
Replies: 9
Views: 2028

Re: Best fund or ETF for Frontier Markets?

I don't own any of them, but I've kept my eye on four funds. Two are "frontier market" funds. Two are best described as "beyond BRICs" combo funds, which exclude the largest EM countries and add in some FM exposure. (These days, though, the Brazilian and Russian markets have drop...
by jhfenton
Fri Dec 18, 2015 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle, how to account for ?
Replies: 22
Views: 2275

Re: Side Hustle, how to account for ?

LLC stands for Limited Liability Corporation. Unless you are engaging in an activity where you could be sued for your actions I don't see the point. This is a common misconception. There is a reason that it is call a Limited Liability Corporation. An LLC provides limited liability protection for ac...
by jhfenton
Fri Dec 18, 2015 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Large Stock Market Decline Today - What's going on?
Replies: 46
Views: 5351

Re: Large Stock Market Decline Today - What's going on?

Huh? I had a 0.77% decline today in my 97.4% stock portfolio. It initially looked a bit worse because there were a lot of Vanguard international fund distributions today (and a lot of fund distributions in general today), but once I added in the reinvested shares that'll show up, it worked out to a ...
by jhfenton
Fri Dec 18, 2015 7:07 pm
Forum: Personal Consumer Issues
Topic: For those who have seen the new Star Wars movie
Replies: 36
Views: 5112

Re: For those who have seen the new Star Wars movie

I saw Star Wars: TFA last night in an ordinary (non-IMAX) 3D theater. It was crowded, but my wife was able to snag four good seats for our group 1 hour before show time (6:30 for a 7:30 show) while I waited for our two later arrivals. We paid $15 including tax per adult. The mob scene wasn't too bad...
by jhfenton
Fri Dec 18, 2015 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: is there any hope for PTTRX? [PIMCO Total Return] (a.k.a. Slackness paid off, but that was a long time ago)
Replies: 3
Views: 564

Re: is there any hope for PTTRX? (a.k.a. Slackness paid off, but that was a long time ago)

but am essentially FLAT for 2-3 years. Over 3 years through yesterday, PTTRX is up a cumulative 4.02%. That sounds pretty poor. But the average Morningstar intermediate term bond fund is up only 3.80% over that period. Vanguard Total Bond Investors Shares are up 4.79%, better, but not an earth-shat...
by jhfenton
Fri Dec 18, 2015 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH and What Are Consequences?
Replies: 13
Views: 915

Re: Can I TLH and What Are Consequences?

I think the OP should either stop the reinvestment of the distribution of shares of VTSAX/VTSMX/VTI in their IRA before they happen or they will create a wash sale when VTSAX is sold for a loss in taxable. Alternatively, I think the OP could exchange all shares of VTSAX for VLCAX in their IRAs a da...
by jhfenton
Fri Dec 18, 2015 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH and What Are Consequences?
Replies: 13
Views: 915

Re: Can I TLH and What Are Consequences?

Looking at my Vanguard account from yesterday (Dec 17 2015), my taxable account holdings in Vanguard Total Stock Market Fund Admiral (VTSAX) show a loss of -3,400. This is a short-term loss since I purchased this fund in Feb 2015. Dividends were reinvested in Mar, Jun, and Sep but are now set to be...
by jhfenton
Fri Dec 18, 2015 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Question on ETF's vs Mutual Funds
Replies: 14
Views: 1075

Re: Question on ETF's vs Mutual Funds

I would be more than happy with either. I used to have all Vanguard ETFs when we were at TD Ameritrade and that was what they offered commission-free. Once we moved our accounts to Vanguard, I switched all but one over to traditional Admiral Shares. (I kept VSS, Vanguard FTSE ex-US Small Cap, becaus...
by jhfenton
Fri Dec 18, 2015 11:59 am
Forum: Investing - Theory, News & General
Topic: Do you reinvest your dividends/capital gains?
Replies: 49
Views: 5512

Re: Do you reinvest your dividends/capital gains?

At the account level, I have all of our accounts defaulting to reinvest all dividends for all securities. That includes limited-term and long-term muni bonds in taxable and domestic and international equity mutual funds in Roth and IRA accounts. I will turn off reinvestment on a case-by-case basis o...
by jhfenton
Tue Dec 15, 2015 9:40 pm
Forum: Investing - Theory, News & General
Topic: Wellington Fund [open to direct individual investors, closed to institutional]
Replies: 12
Views: 4254

Re: Wellington Fund closed to new investor again

It doesn't show up as closed on the personal investor site. And it looked like it would let me exchange $50K into Wellington Admiral--although I canceled the transaction before submitting it.
by jhfenton
Tue Dec 15, 2015 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting Emerging Markets
Replies: 9
Views: 862

Re: Tax loss harvesting Emerging Markets

Hmm. So, I'm looking at a Google Finance comparison: m I realize that Google Finance is only NAV (no dividends), but I figured it was close enough. However, it seems meaningfully different from the Morningstar growth of $10K. Any idea why that would be? They seem fairly close, with a slight persist...
by jhfenton
Tue Dec 15, 2015 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting Emerging Markets
Replies: 9
Views: 862

Re: Tax loss harvesting Emerging Markets

IEMG has only been around 3 years (10/22/12), so there is no 5-year-record to compare. If you look at a chart over that period, they are highly correlated, although with IEMG including small caps and South Korea (at nearly 17%), there have been differences: m They are certainly close enough for TLHi...
by jhfenton
Mon Dec 14, 2015 9:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High-Yield Tax-Exempt Fund
Replies: 1
Views: 771

Re: Vanguard High-Yield Tax-Exempt Fund

You seem to be combining two decisions into one: duration and credit risk. There are three relevant Vanguard funds: Vanguard Intermediate-Term Tax-Exempt Investor Shares: Duration 4.9 years, Avg Credit AA, SEC Yield 1.69% Vanguard Long-Term Tax-Exempt Investor Shares: Duration 6.4 years, Avg Credit ...
by jhfenton
Mon Dec 14, 2015 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Quick simple question regarding Vanguard!
Replies: 8
Views: 1170

Re: Quick simple question regarding Vanguard!

Yes, it does pose a problem. You cannot withdraw any money from your ROTH until it has been open for 5 years. The Money Market fund is part of your ROTH. After 5 years you can withdraw your deposits (but not your gains). This part is not true. The 5 year rule only applies for withdrawal of gains. C...
by jhfenton
Mon Dec 14, 2015 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: VTIAX having a terrible year [Vanguard Total International Stock Admiral]
Replies: 24
Views: 3941

Re: VTIAX having a terrible year

VTIAX is down 7% this year, is something happening in the FTSE i should be aware of. It keeps tanking. I know market timing and all that. Perhaps I should buy more? VTMGX (Developed Markets) was down 2.21% (through Friday), while VEMAX (Emerging Markets) was down 18.63%. (VFSVX (ex-US Small Cap) wa...
by jhfenton
Mon Dec 14, 2015 2:30 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard temporarily reports incorrect change in Prime MM expense ratio]
Replies: 45
Views: 4730

Re: Vanguard Prime MM to Break the Dollar?

Why have cash in a money market I don't think most folks keep a lot in them in the present environment. If I have anything in them, it's an accident. At the moment I have a total of $0.03 in two out of our five MMFs. Those are rounding errors left over from when I exchanged from ETFs to mutual fund...
by jhfenton
Mon Dec 14, 2015 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard- will my shares be bought at today's closing price, or tomorrow's?
Replies: 5
Views: 879

Re: Vanguard- will my shares be bought at today's closing price, or tomorrow's?

Thanks for your help guys. As I was putting in the request to purchase shares, the Vanguard website stated that the money won't be moved from my settlement fund until tomorrow. That's why I wasn't sure if the shares would be purchased at today's closing price or tomorrow's. Mutual fund share purcha...
by jhfenton
Mon Dec 14, 2015 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: iShares Year End distributions?
Replies: 2
Views: 505

Re: iShares Year End distributions?

I'm still waiting for info on my one iShares ETF too: VLUE (iShares MSCI USA Value Factor). It's not on the capital gains distribution list, but it has quarterly income distributions. They're not reinvestable at Vanguard, so I'm just curious how much I'll have to sweep into one of my Vanguard mutual...
by jhfenton
Mon Dec 14, 2015 11:55 am
Forum: Investing - Theory, News & General
Topic: Purchase Fee on Inter. Corporate Admiral
Replies: 1
Views: 282

Re: Purchase Fee on Inter. Corporate Admiral

There is a 25 bp (0.25%) purchase fee on VICSX (Vanguard Intermediate-Term Corporate Bond Index Admiral Shares).

It does not apply to reinvested dividends.
by jhfenton
Sun Dec 13, 2015 6:07 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 11433

Re: [Third Avenue liquidates its high-yield bond fund]

Makes me feel a little better. I'm seriously looking into upgrading the credit quality of my intermediate bond funds. Funds I'm considering buying are: VFIDX Intermediate Investment Grade, M* credit grade = A (already have some of this) VBTLX Total Bond Mkt, M* credit grade = AA Funds I'm consideri...
by jhfenton
Sat Dec 12, 2015 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: How do I get from ETF to MF in an IRA?
Replies: 4
Views: 479

Re: How do I get from ETF to MF in an IRA?

That is generally not correct. It will depend on what the custom of your broker is. Call up your broker and ask them. Then please come back and tell us what they say because someone else will be wondering, too. I will have to wait until Monday to call Fidelity and ask. I came up with my (hopefully ...
by jhfenton
Sat Dec 12, 2015 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially identical
Replies: 26
Views: 2247

Re: Substantially identical

I did a sale of vemax to vtiax and vanguard triggered a wash sale. That is easily possible. For instance you could have purchased shares of VEMAX in the 30 days before you sold shares at a loss and not sold those shares in your sale that triggered a wash sale. Details matter. Exactly. If an exchang...
by jhfenton
Sat Dec 12, 2015 4:44 pm
Forum: Investing - Theory, News & General
Topic: Check-In on Emerging Market Sentiment
Replies: 57
Views: 6386

Re: Check-In on Emerging Market Sentiment

I tax loss harvested this week from VWO to EEM. If you need to tax loss harvest again - you might want to get out of EEM's high expense ratio. Cheaper alternatives to EEM are SCHE, and IEMG. Doesn't SCHE track the same index as VWO? I.e., wouldn't that be considered a wash sale? SCHE formerly track...
by jhfenton
Sat Dec 12, 2015 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially identical
Replies: 26
Views: 2247

Re: Substantially identical

My opinion is that your opinion is correct. However, what is the basis on which one wants to make tax decisions? I would speculate that if one paid a tax attorney for advice, they would suggest simply parking the proceeds and repurchasing the original fund later, because that advice is legally iron...
by jhfenton
Sat Dec 12, 2015 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Substantially identical
Replies: 26
Views: 2247

Re: Substantially identical

Based on prior posts , I think I know the answer to this question but wanted to be sure. If I sell VDE for tax loss harvesting , and buy XLE within 30 days, this will likely trigger the wash rule . True or false? Or say veiex for sche? These are examples of substantially identical investments, corr...
by jhfenton
Sat Dec 12, 2015 10:19 am
Forum: Investing - Theory, News & General
Topic: Currency hedging in international equity funds?
Replies: 15
Views: 1725

Re: Currency hedging in international equity funds?

If you've been unhedged, you should stay unhedged. If you've been hedged, you should stay there. Worrying about hedging after the dollar has appreciated is performance chasing. In my view, if your time horizon is long enough to be invested in equities, then your time horizon is long enough to ride o...
by jhfenton
Fri Dec 11, 2015 10:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Partnering with Yodlee
Replies: 153
Views: 26609

Re: Vanguard Partnering with Yodlee

We've only been customers since October, so we had--and still have--the manual outside accounts feature (which is good enough). I was able to get cashedge activated when I made it to voyager (i think its caled that???) level. If you have 50k+ you could probably talk them into it. Thanks. I'll ask n...
by jhfenton
Fri Dec 11, 2015 6:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Partnering with Yodlee
Replies: 153
Views: 26609

Re: Vanguard Partnering with Yodlee

Does anyone have access to Yodlee who didn't previously have access to CashEdge? The Vanguard Aggregation Resource Center linked seems to imply that they're not making it universally available: Who's eligible for the service? Account aggregation through vanguard.com is closed to new enrollments. How...
by jhfenton
Fri Dec 11, 2015 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Wash Sale From Multiple Funds
Replies: 5
Views: 427

Re: Wash Sale From Multiple Funds

I agree with livesoft on both questions. I wouldn't have second thoughts about either TLH transaction you propose.
by jhfenton
Fri Dec 11, 2015 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on VTWV for small cap value (Paul Merriman)
Replies: 17
Views: 2691

Re: Thoughts on VTWV for small cap value (Paul Merriman)

Paul's recommendations are all based upon historical long-term performance I wouldn't even give him that much credit. It's unsporting of Merriman to argue from actual data, but we can always respond with hand waving and personal attacks. But he's not arguing from actual data. That's why it's easy t...
by jhfenton
Thu Dec 10, 2015 9:27 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 11433

Re: Mutual fund stops redemptions - now in liquidation

Did this news break after the market close? . I'd watch the overnight markets to see if there's a reaction. Friday is not a good day for bad news, if you get my drift. It broke this afternoon. ag1 started the first thread on here at 2:19. The market did dip about that time, but I don't know if it c...
by jhfenton
Thu Dec 10, 2015 7:48 pm
Forum: Investing - Theory, News & General
Topic: [Third Avenue liquidates its high-yield bond fund]
Replies: 130
Views: 11433

Re: Mutual fund stops redemptions - now in liquidation

OK, this was apparently a special extra-junky junk bond fund... but let's see what people were saying about it. Thanks for the quick research. That this has happened to a respected boutique firm like Third Avenue makes it more remarkable. It seems that a strategy like this is not well-suited to an ...
by jhfenton
Thu Dec 10, 2015 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on VTWV for small cap value (Paul Merriman)
Replies: 17
Views: 2691

Re: Thoughts on VTWV for small cap value (Paul Merriman)

Paul's recommendations are all based upon historical long-term performance I wouldn't even give him that much credit. It's unsporting of Merriman to argue from actual data, but we can always respond with hand waving and personal attacks. But he's not arguing from actual data. That's why it's easy t...
by jhfenton
Thu Dec 10, 2015 1:14 pm
Forum: Investing - Theory, News & General
Topic: Tilt Question: Small Caps
Replies: 52
Views: 5474

Re: Tilt Question: Small Caps

InvestorAdam wrote:I think the idea that you can stay the course with these elaborate tilts is much harder in real life.

If you think so, then it probably would be for you. I've been tilting to small value as long as I've been an investor (i.e. since the 90's).
by jhfenton
Thu Dec 10, 2015 12:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Partnering with Yodlee
Replies: 153
Views: 26609

Re: Vanguard Partnering with Yodlee

I have had a good experience with the change to Yodlee. I only have one Fidelity account linked. In the past with CashEdge software I seemed to always have stale values until I did a refresh outside investments. Now with Yodlee no refresh is necessary. What is CashEdge? I still have the manual outs...
by jhfenton
Thu Dec 10, 2015 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Advantage to holding mutual fund accounts in brokerage account?
Replies: 11
Views: 1223

Re: Advantage to holding mutual fund accounts in brokerage account?

4. Exchanging between funds and ETFs will be easier. To me this is the biggest advantage. They even let you game the settlement dates in a cash account (including retirement accounts) by selling ETFs (T+3 settlement) and buying mutual funds (T+1) with the proceeds the same day. (If you do it in a m...
by jhfenton
Thu Dec 10, 2015 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone else freaked out about the whistleblower cases against Vanguard?
Replies: 11
Views: 2333

Re: Is anyone else freaked out about the whistleblower cases against Vanguard?

Is anyone else freaked out about the whistleblower cases against Vanguard?

No.
by jhfenton
Thu Dec 10, 2015 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on VTWV for small cap value (Paul Merriman)
Replies: 17
Views: 2691

Re: Thoughts on VTWV for small cap value (Paul Merriman)

Call_Me_Op wrote:Paul's recommendations are all based upon historical long-term performance

I wouldn't even give him that much credit.
by jhfenton
Thu Dec 10, 2015 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on VTWV for small cap value (Paul Merriman)
Replies: 17
Views: 2691

Re: Thoughts on VTWV for small cap value (Paul Merriman)

The Russell 2000 index seems to have a front-running problem which results in significant under-performance relative to other small cap indexes. I would go with any S&P600 or CRSP small cap index before I'd invest in a Russell 2000 index fund. As an alternative, Vanguard's VIOO follows the S&...
by jhfenton
Thu Dec 10, 2015 10:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Issues
Replies: 102
Views: 11098

Re: We're not allowed to complain about Vanguard here?

I've been pretty happy--and to be honest, pleasantly surprised--since we rolled over 5 accounts in October. The in-kind rollovers were entirely processed in a week. I've never waited on the phone more than a few minutes when I've called, and I've always gotten quick and reliable answers. I have been...
by jhfenton
Thu Dec 10, 2015 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k as quickly as possible?
Replies: 13
Views: 885

Re: Maxing 401k as quickly as possible?

Usually the issue is the company match, but since that's not a problem for your wife's plan, I don't see any issues with front-loading it. It might make sense from a cash flow perspective to take advantage of the quarter with no mortgage to front load the 401(k).
by jhfenton
Thu Dec 10, 2015 9:55 am
Forum: Investing - Theory, News & General
Topic: "A Year-End Tax-Planning Checklist"
Replies: 6
Views: 1333

Re: "A Year-End Tax-Planning Checklist"

I did not know about this. "You cannot sell one security from your taxable account and immediately rebuy it in your IRA. That would be subject to the wash-sale rule." Thank you, Taylor. Not that I am advocating breaking the rules, but how would they ever know? So far as I know, transactio...
by jhfenton
Thu Dec 10, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: iShares, and what to do with $130,000?
Replies: 9
Views: 1246

Re: iShares, and what to do with $130,000?

I wouldn't have any issues using iShares. I don't think that there is any real cost advantage of the iShares ETFs, notwithstanding that their expense ratios may be a couple basis points lower. By the time you consider securities lending income and other factors, the Vanguard funds usually match or b...
by jhfenton
Wed Dec 09, 2015 9:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Partnering with Yodlee
Replies: 153
Views: 26609

Re: Vanguard.com no longer tracks outside investments.

Whereas nothing whatsoever has changed for my accounts or my wife's. We still have the same manual outside account functionality as before.
by jhfenton
Wed Dec 09, 2015 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Small Business Gave me a "Retirement Bonus" Untaxed. What should I do?
Replies: 66
Views: 7465

Re: Small Business Gave me a "Retirement Bonus" Untaxed. What should I do?

jebmke wrote:If you put it on Line 21 you might as well paint a target on your chest. It is compensation.


I've always loved that part of the instructions for Line 21:

"Bribes. If you receive a bribe, include it in your income."