Search found 2803 matches

by jhfenton
Wed Mar 07, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11002

Re: HSA maximum change

What?? I have no idea how my employer is going to handle this as well. Why couldn't the IRS just said $6,900 is close enough for government work and let it slip until next year. What a joke. I left a message for our benefits people this morning, because I don't expect them to know what's happening ...
by jhfenton
Wed Mar 07, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11002

Re: HSA family max contribution lowered to $6850 for 2018

Hold on. Do NOT rush to remove excess contributions: I do not know of any HSA custodian who doesn't charge to remove excess contributions and their earnings, typically $20 - $25. It is far less expensive to file form 5329 with your 2018 tax return and pay a $50 * 6% = $3 excise tax, stay $50 under ...
by jhfenton
Wed Mar 07, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 5819

Re: Donations to your enrolled public school

We gave low three figures to our freshman's current public school this year, not counting quite reasonable athletic fees (basketball and track). It is the top-ranked high school in Ohio and ranked top 50 nationally. The school has an alumni foundation that provides support over and above what it get...
by jhfenton
Wed Mar 07, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Looking for an example of a fund which has beat its index for 30 years
Replies: 93
Views: 9075

Re: Looking for an example of a fund which has beat its index for 30 years

I am not sure a passive index fund should beat its index. If the fund really is representative of the index it should trail the index by the funds ER. Not necessarily, especially with small caps. Neither index returns nor the expense ratio take into account securities lending revenue. VSS (Vanguard...
by jhfenton
Wed Mar 07, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11002

Re: HSA family max contribution lowered to $6850 for 2018

The IRS is only doing what it is required to do under the new TCJA law. You should not shoot the messenger. The chained CPI at work here. Yep. I thought that only applied after 2018 (i.e. for calculations based on 2018 inflation and later), but apparently not. :oops: I think this paragraph explains...
by jhfenton
Wed Mar 07, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11002

Re: HSA family max contribution lowered to $6850 for 2018

The IRS is only doing what it is required to do under the new TCJA law. You should not shoot the messager. The chained CPI at work here. Yep. I thought that only applied after 2018 (i.e. for calculations based on 2018 inflation and later), but apparently not. :oops: i was going to have to alter my ...
by jhfenton
Wed Mar 07, 2018 5:53 am
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11002

Re: HSA family max contribution lowered to $6850 for 2018

I don’t believe it. I’m not aware the the tax bill made any changes to the HSA contribution limit calculations, and I don’t believe the IRS would quietly bury a mid-year $50 change.

I’m guessing that it is a mistake that will be corrected. I’ll do more research later at work.
by jhfenton
Tue Mar 06, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should people with HSA pay all medical expenses without it?
Replies: 23
Views: 2349

Re: Should people with HSA pay all medical expenses without it?

Those funds can also be used for dental work, hearing aides, glasses, premium lens implants during cataract surgery, etc-- expenses that almost everyone will have over age 65, eventually. All these items are very high-cost, it will hurt a lot less when using your stealth IRA HSA that has grown tax-...
by jhfenton
Tue Mar 06, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: Scottrade to TD: Missing dividends
Replies: 5
Views: 622

Re: Scottrade to TD: Missing dividends

I'm sorry to hear about the problem. That kind of glitch would push all my buttons. PIMIX obviously declares and accrues dividends daily and pays them monthly. Perhaps the other bond fund declares and pays dividends monthly. You can tell by checking whether the bond NAV drops on dividend payout day....
by jhfenton
Tue Mar 06, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Where to send blu-ray for digitization?
Replies: 6
Views: 906

Re: Where to send blu-ray for digitization?

Thanks guys. Is MakeMKV a program that makes lossless, exact copies of my blu-ray? I don't want any compression and loss in quality from the original. Yes. MakeMKV copies the video straight and unaltered from the disc to one or more files. You can choose which of multiple audio and subtitle tracks ...
by jhfenton
Mon Mar 05, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Does DFA justify the higher ER?
Replies: 16
Views: 1315

Re: Does DFA justify the higher ER?

I use DFSTX (DFA US Small Cap I) (not strictly value, but +quality -junk) in my 401(k), and I will use DFSVX in my wife's new 401(k) when she is eligible (May 1). I would not pay extra to access a financial advisor in order to access DFA, and I might not choose a DFA fund over a comparable Vanguard ...
by jhfenton
Mon Mar 05, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4547

Re: Vanguard US Multifactor Funds Launch

I did a quick check, I see 9 of VFMF's top 12 holdings in VFVA's top 40 (HPQ, HPE, INTC, VLO, MPC, ESRX, AFL, CVX, STT) which isn't as correlated as I first discerned, but more than what you said. It surprised me (I had earlier cherry picked 25 of VFMF's top 100 holdings for further research and wa...
by jhfenton
Sun Mar 04, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Save paper copies of tax returns and other docs, or is digital OK?
Replies: 23
Views: 2321

Re: Save paper copies of tax returns and other docs, or is digital OK?

I feel completely secure and future-proof saving documents exclusively in PDF. There are thousands of companies that save contracts in PDF. My company digitized all of our old paper contracts, and we exclusively use PDFs for new contracts, 99% of which are digitally-signed, with pen never touching p...
by jhfenton
Sun Mar 04, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: no bonds in roth?
Replies: 34
Views: 4741

Re: no bonds in roth?

I have no bonds in our Roth IRAs because I view those assets as having a longer time horizon than our traditional assets. We were 100% equities until age 45. At 48 (this year), and an estimate 14 years till retirement, we are about 80/20 overall. But I see no reason we would touch our Roth assets un...
by jhfenton
Sun Mar 04, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Market Fund... Should I sell off some?
Replies: 19
Views: 2247

Re: Emerging Market Fund... Should I sell off some?

I have had an allocation allocation to emerging markets since we started investing in the 90's. At this point, the allocation is fixed at roughly 50% of our ex-US and about 25% of our equities overall. I have no idea how it will perform in the near-term. But with that particular fund, I would count ...
by jhfenton
Sun Mar 04, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: New best HSA for investing blog post by WCI
Replies: 5
Views: 910

Re: New best HSA for investing blog post by WCI

Overall a pretty good summary. I moved my HSA to #1 Lively in October. My order would vary slightly because (1) I would assess cash drag at something closer to 2.5% instead of 8%. (2) I would consider reasonable commission-free options in brokerage windows instead of insisting on Vanguard. And (3) s...
by jhfenton
Sun Mar 04, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 73
Views: 6755

Re: Thinking of getting an Apple Watch

Actually, I run and lift weights for a living (chief exercise scientist for a health megacorp), but I refuse to own a smartphone. So yeah, I actually do have no idea about the hassle of carting a phone around while I exercise. Well, then, you should definitely not buy an Apple Watch. :beer I use my...
by jhfenton
Sat Mar 03, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 73
Views: 6755

Re: Thinking of getting an Apple Watch

Of course, watches are primarily jewelry in this day and age, and has been stated already in this thread, the Apple Watch does nothing that the Iphone doesn't already do with hands-free control. I don't understand it at all, and I have legitimately asked a few smartwatch owners to explain one thing...
by jhfenton
Sat Mar 03, 2018 9:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4547

Re: Vanguard US Multifactor Funds Launch

VFMF (Multi-Factor) and VFVA (Value) have a VERY HIGH degree of overlap/correlation. VFMF costs 0.05% more than VFVA and it seems unlikely it could outperform VFVA given this overlap. The top holdings don't look similar to me at all. VFMF only has two of VFVA's top 10 holdings in its top 50, and th...
by jhfenton
Sat Mar 03, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Accurate Data on Percentage of Emerging Markets in an Emerging Markets Fund?
Replies: 14
Views: 686

Re: Accurate Data on Percentage of Emerging Markets in an Emerging Markets Fund?

Furthermore, it doesn't matter to me if the percentage of emerging markets in my portfolio varies a bit from time to time. I am not trying to be precise here because it just doesn't matter. +1 Obsession with false precision is a waste of time. It doesn't matter. I keep my equity allocation at 50/50...
by jhfenton
Sat Mar 03, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Accurate Data on Percentage of Emerging Markets in an Emerging Markets Fund?
Replies: 14
Views: 686

Re: Accurate Data on Percentage of Emerging Markets in an Emerging Markets Fund?

Morningstar considers large chunks EM funds as "Asia Developed." EEMS is considered 37% Asia Developed by M* but only 16% of that fund is in Korea. Morningstar includes both Taiwan and South Korea as developed. This is almost the entirety of the discrepancy between Vanguard (FTSE), iShares (MSCI), ...
by jhfenton
Fri Mar 02, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Where to send blu-ray for digitization?
Replies: 6
Views: 906

Re: Where to send blu-ray for digitization?

I used "MakeMKV" to do this myself with DVDs. It was very easy to do it with that program. It's available free for Windows, OSX, and Linux: http://www.makemkv.com/download/ You can then, optionally, compress the resulting file with handbrake as described here: https://www.howtogeek.com/161498/how-t...
by jhfenton
Fri Mar 02, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: Didn't get alerts from Vanguard
Replies: 14
Views: 2144

Re: Didn't get alerts from Vanguard

JamesSFO wrote:
Fri Mar 02, 2018 7:57 am
Just to clarify, I've never gotten text/email for _execution_ just for _submission_. Did you get the text when you submitted the orders?
+1 On ETF/stock orders, you receive a text/email for execution. For mutual fund orders, you receive a text/email for submission, since execution is guaranteed.
by jhfenton
Fri Mar 02, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 73
Views: 6755

Re: Thinking of getting an Apple Watch

I have a Series 2 Apple Watch, and I love it. I actually sleep with it on so I can get a good gauge on trends in my resting HR. I charge it for 30 minutes sitting at my desk in the morning (right now actually), and it's back at 100%. In the winter, I usually run with my iPhone in my pocket, but once...
by jhfenton
Thu Mar 01, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: Interesting Article on ETF Security Lending
Replies: 6
Views: 569

Re: Interesting Article on ETF Security Lending

Securities lending, coupled with sheer scale, is why ETFs will eventually reach 0.00% fees (or perhaps even slightly negative). Some are already quite negative, especially small caps, where the lending fees are much higher. (You don't get much from lending large caps, because there is no usually sh...
by jhfenton
Thu Mar 01, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard & Safari Not Play Nice
Replies: 19
Views: 625

Re: Vanguard & Safari Not Play Nice

I haven't noticed any problems either in Safari on my Mac mini (or with Safari on my iPhone or iPad for that matter).
by jhfenton
Sat Feb 24, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: What to do when no Admiral shares? Expense Ratio (Total World)
Replies: 20
Views: 1785

Re: What to do when no Admiral shares? Expense Ratio (Total World)

Wouldn't it be possible to just keep say $5000 ($2000 over the minimum) in the mutual fund, then a few times a year (or even once a year) convert what i've put over the $5000 to the ETF class to get the lower ER? This way I could get the convenience of the mutual fund, but still have the bulk inves...
by jhfenton
Wed Feb 21, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: Quantitative value for portfolio risk?
Replies: 8
Views: 388

Re: Quantitative value for portfolio risk?

Beta is the typical quantitative measure of portfolio risk as measured by volatility. The beta of the total stock market is defined as 1.0. A portfolio of small cap biotech startups might have a beta close to 2. A portfolio of low volatility stocks might be 0.8. Adding in high-quality bonds will red...
by jhfenton
Tue Feb 20, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: How do you go from midcap to large?
Replies: 6
Views: 622

Re: How do you go from midcap to large?

If one's purpose is to hold small- and mid-cap stocks because they might become large, one answer could be to hold a small- and mid-cap fund, then benefit when a company grows out of it and its shares are sold for the fund to buy then-present smaller businesses. [...] PJW This begets the question (...
by jhfenton
Tue Feb 20, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 2788

Re: Current Vanguard password practices?

you can require security codes for both recognized and unrecognized devices if you're paranoid like me. Sophisticated dictionary attacks are now being augmented with the power of machine learning. http://www.sciencemag.org/news/2017/09/artificial-intelligence-just-made-guessing-your-password-whole-...
by jhfenton
Tue Feb 20, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 2788

Re: Current Vanguard password practices?

Change password To change your password, enter your current password and a new password twice and then click Submit. Your new password must have 6–20 characters, with at least 2 letters and 2 numbers. Don't use spaces. To help make your password stronger, you may use most special characters and a c...
by jhfenton
Tue Feb 20, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Question for those planning on using Vanguard Factor ETF
Replies: 7
Views: 842

Re: Question for those planning on using Vanguard Factor ETF

Thanks for the feedback. Question for you, what funds are you using ex-US to tilt small/value or any other factor? I own some international explorer through a 401k and have been very pleased with the performance. I have no idea what the actual loading's are on that fund, but it is the only low cost...
by jhfenton
Tue Feb 20, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Question for those planning on using Vanguard Factor ETF
Replies: 7
Views: 842

Re: Question for those planning on using Vanguard Factor ETF

Would you hold these funds in Taxable, or too early to say? Would you use a 1/N approach or use the Multifactor fund? I would think a starting place would be the multifactor fund to avoid overlap, it includes value, momentum, quality, with an initial volatility screen. If using multifactor, would y...
by jhfenton
Mon Feb 19, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Funds Launch
Replies: 30
Views: 4547

Re: Vanguard US Multifactor Funds Launch

I invested in the Multifactor Admiral Shares on Day One, something I've never done before. I'm trusting the Vanguard Quantitative Equity Group to put together a good portfolio. They've done a fair job previously with funds like Vanguard U.S. Value and Vanguard Select Equity, even with narrower manda...
by jhfenton
Sun Feb 18, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Old 401k Statements
Replies: 9
Views: 856

Re: Old 401k Statements

No. Once you successfully roll the assets over into an IRA, you should be able to safely shred the old 401(k) statements. I actually don't see any particular reason to keep statements beyond the most recent. I check on the account at least once every two weeks, so I would only need the last statemen...
by jhfenton
Sun Feb 18, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: HSA's - invest or use for current expenses?
Replies: 10
Views: 749

Re: HSA's - invest or use for current expenses?

We will be eligible for HSA in wife’s new job. We are able to max all, but I think I might prefer HSA to 401k, as HSA does not have RMDs. First world problem, but RMDs will increase our income quite a bit. I think of HSA as triple tax free. If you can max everything, it's not an either/or , it's an...
by jhfenton
Sun Feb 18, 2018 6:00 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 9817

Re: Do you wear a wedding band?

Yes, for 25+ years. I lost my original wedding band, but I bought a few cheap, but attractive tungsten rings and wear one of them except when I'm sleeping or showering (and sometimes then).
by jhfenton
Sun Feb 18, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets or Total International Market?
Replies: 22
Views: 2396

Re: Emerging Markets or Total International Market?

Having compared the funds I'm looking to invest in FSTMX (Fidelity's Total Market Index Fund) and FPEMX (Fidelity's Emerging Markets Index Fund), they both look like they do a very similar job of tracking their respective benchmarks, along with their Vanguard counterparts (VTSMX and VEIEX). I actua...
by jhfenton
Sun Feb 18, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: HSA's - invest or use for current expenses?
Replies: 10
Views: 749

Re: HSA's - invest or use for current expenses?

If you're able to max out all of your tax-advantaged retirement options, fully-fund your HSA, and pay medical expenses out-of-pocket, I would invest the HSA and let it grow. The alternative is taking it out and investing it in taxable, and that would not be a net positive. You seem to be in this boa...
by jhfenton
Sun Feb 18, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Anyone using the Vanguard HSA?
Replies: 5
Views: 456

Re: Anyone using the Vanguard HSA?

What is this? https://personal.vanguard.com/us/whatweoffer/overview/healthsavings Maybe I am mistaken but it looked like applications were still active right? There is no direct HSA offering from Vanguard. They just link to two third-party providers who offer Vanguard funds. There are others. You w...
by jhfenton
Sun Feb 18, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 46
Views: 5480

Re: Chillin' in the BH Lounge

samsoes wrote:
Sun Feb 18, 2018 7:02 am
How is this actionable?
A rhyme for actionable is hard to find.
I can see how you were stumped.

But I hope the mods are not so inclined.
Lest the thread become defunct.

A collection of wisdom we can find herein.
A moment of calm amid the din.
by jhfenton
Sun Feb 18, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets or Total International Market?
Replies: 22
Views: 2396

Re: Emerging Markets or Total International Market?

1. For most people I would suggest Total International. End of story. But since you're the kind of person asking the question on Bogleheads, I would suggest either an emerging markets fund or an ex-US small cap fund first. Those are, in fact, the only ex-US that we own. Either provides greater diver...
by jhfenton
Sat Feb 17, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: accidental overweight of US vs International?
Replies: 4
Views: 550

Re: accidental overweight of US vs International?

If you hold an ex-US fund with large cap developed or emerging market companies, how much of their revenue comes from the U.S.? Samsung? BP? Shell? Toyota? Nestle? TSMC? Global markets are global. You can do the math to calculate revenue-dependence, but I don't think it's worth the effort. (The glob...
by jhfenton
Sat Feb 17, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Going from non-admiral funds to admiral
Replies: 14
Views: 1352

Re: Going from non-admiral funds to admiral

How does converting from investor shares to admiral shares affect cost basis? Your basis carries over. For Spec ID in taxable, they will convert each lot. Each new lot will have the same basis as each old lot, but with a different number of shares in the lot. I just did this with my account but the...
by jhfenton
Sat Feb 17, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Going from non-admiral funds to admiral
Replies: 14
Views: 1352

Re: Going from non-admiral funds to admiral

You do not want to "Exchange" them. A "Convert to Admiral" button, or something similar, will appear next to the eligible fund. If you "Exchange" them, it will be treated as a sale and purchase. Since this is an IRA, that is not a problem. Exchange would be a problem in a taxable account. If you ex...
by jhfenton
Fri Feb 16, 2018 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Going from non-admiral funds to admiral
Replies: 14
Views: 1352

Re: Going from non-admiral funds to admiral

I just did this with my account but the Vanguard representative had me sell and rebuy to get to Admiral shares for my Roth. Is there a problem with this vs. converting with the Admiral button? If you exchange 100% from Investor to Admiral Shares in an IRA or Roth, the result should be the same numb...
by jhfenton
Fri Feb 16, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Going from non-admiral funds to admiral
Replies: 14
Views: 1352

Re: Going from non-admiral funds to admiral

It doesn't matter when you do it. Vanguard will convert at end of day NAV. For example. if you converted today, 330.000 shares of VISVX (Vanguard Small-Cap Value Investor) to VSIAX (Admiral), they would make the following calculation: 330.000 * $31.57 = $10,418.10 / $56.59 = 184.098 shares (value $1...
by jhfenton
Thu Feb 15, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Tax efficiency of VFMF US Multifactor ETF?
Replies: 6
Views: 994

Re: Tax efficiency of VFMF US Multifactor ETF?

I moved some of my large cap allocation into the Admiral Share Class (VFMFX) today, but I did it in my wife's rollover IRA. It should be fairly tax-efficient. The dividend yield will probably be similar to the 1.8% yield of the Vanguard U.S. Value (VUVLX), the closest pre-existing Vanguard equivalen...
by jhfenton
Thu Feb 15, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value Benchmarks (related to Mid cap,too)
Replies: 13
Views: 1147

Re: Small Cap Value Benchmarks (related to Mid cap,too)

Good afternoon, I have a heavy tilt to value, esp. SCV, and have never specifically gone out of my way to add midcap value. We often get a lot of midcaps by default through some "smaller" large, or "bigger" small. I was thinking about it more with some articles about it possibly being overlooked sp...
by jhfenton
Thu Feb 15, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard US Multifactor Fund
Replies: 52
Views: 4856

Re: Vanguard US Multifactor Fund

The mutual fund is available on the VG website. VFMFX only shows up if you set your filters to show funds that require a $50,000 minimum investment. Indeed. They are treating it as an active fund, so the Admiral minimum is $50,000. It appears that Admiral Share to ETF conversions are not available ...