Search found 867 matches

by not4me
Wed Dec 18, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Capital gains on sale of inherited property
Replies: 24
Views: 1445

Re: Capital gains on sale of inherited property

My question - what is the cost basis? I assume the basis is no longer tied to the value of the home (not including land) at the time we inherited the property back in 2010 but that it should be based on the value of the home at the time we divided up the estate (ie, when I became the sole owner in ...
by not4me
Wed Dec 18, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: New to Inheritance - What to expect
Replies: 18
Views: 2371

Re: New to Inheritance - What to expect

Hopefully nothing has to go through Probate - as at least all the investment accounts point to the Irrevocable Living Trust as the beneficiary, things like Bank account and Car are a TOD Transfer on Death setup to a Sibling - but known to be split evenly ultimately. So I presume the Investments all...
by not4me
Tue Dec 17, 2019 4:47 pm
Forum: Personal Investments
Topic: Tax Efficiency: Crowdfunding Real Estate vs REIT
Replies: 4
Views: 616

Re: Tax Efficiency: Crowdfunding Real Estate vs REIT

I've looked at some crowdfunded RE before, but it has been a while. My recollection is that they weren't attractive to me when I weighed risk/liquidity against return. To me they are more like private reits -- easier to get into than get out. Others seem to have been successful, so perhaps I didn't ...
by not4me
Tue Dec 17, 2019 3:48 pm
Forum: Investing - Theory, News & General
Topic: REIT dividends declining?
Replies: 3
Views: 658

Re: REIT dividends declining?

I bought REITs for the high dividends. Given that rent increases every year, shouldn't this be reflected in the dividend amounts? I think there are multiple things wrong with this logic. 1st, probably not a given that rent increases every year. Would you also expect the expenses, taxes, etc to incr...
by not4me
Tue Dec 17, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: estate distribution confusion
Replies: 79
Views: 4302

Re: estate distribution confusion

I don't know what is typical, but I've seen both ways. Hope you get some people who've experienced this to post, but if nothing else this is a good example of the perils of having multiple family members inherit a piece of real estate. Perspective depends upon if you are the one keeping or getting o...
by not4me
Tue Dec 17, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8658

Re: Federal Budget Deficit Risks and Investment Strategy

But no model can completely capture the complexity of the real world. Also public confidence has a big role in making all of this work. Based on your subsequent posts, I suspect we'd be in violent agreement if we had this discussion over coffee instead of internet. Saying things a bit different, bu...
by not4me
Tue Dec 17, 2019 8:16 am
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8658

Re: Federal Budget Deficit Risks and Investment Strategy

Also when you consider the Sectoral Balances that I mention above, the seemingly large deficits might be just what the doctor ordered. If the Foreign Account is positive by 2.4% of GDP (trade deficit of 2.4%), that means we "need" a Federal Deficit of $492 Billion just to balance out trade and to i...
by not4me
Tue Dec 17, 2019 8:00 am
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8658

Re: Federal Budget Deficit Risks and Investment Strategy

You might make the not4me dollars redeemable in real dollars or you might offer them special treats or activities in exchange for certain amounts of not4me dollars. Pretty much, if you decide that you have, as mom and dad, run too much of a deficit and decide to "fix" things by charging more rent t...
by not4me
Mon Dec 16, 2019 4:35 pm
Forum: Personal Investments
Topic: Taking Capital Loss on Long-Held Stock, Cost Basis Questions
Replies: 20
Views: 901

Re: Taking Capital Loss on Long-Held Stock, Cost Basis Questions

I approached a somewhat different way that might help close the gap. One thing I used was the PGE investor relations web site. From that you can see the dividend amount by quarter, as well as stock splits, when the dividend was suspended, etc. Then take the columns & work ~backwards. For example, J...
by not4me
Mon Dec 16, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8658

Re: Federal Budget Deficit Risks and Investment Strategy

If you believe the sectoral balances argument, you can see why a US Federal Balanced Budget would eventually be a disaster for the economy. I'm not sure I do fully believe that argument, but know I haven't thought it through. But there is something that seems to me to be implicitly implied....that ...
by not4me
Mon Dec 16, 2019 3:55 pm
Forum: Personal Investments
Topic: Taking Capital Loss on Long-Held Stock, Cost Basis Questions
Replies: 20
Views: 901

Re: Taking Capital Loss on Long-Held Stock, Cost Basis Questions

I approached a somewhat different way that might help close the gap. One thing I used was the PGE investor relations web site. From that you can see the dividend amount by quarter, as well as stock splits, when the dividend was suspended, etc. Then take the columns & work ~backwards. For example, Ja...
by not4me
Mon Dec 16, 2019 9:36 am
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate vs US REITs
Replies: 27
Views: 2047

Re: TIAA Real Estate vs US REITs

US REITs are up close to 30% this year, while TIAA Real Estate is up less than 5%. My guess is that this is due to the much higher leverage of REITs combined with speculation, but interested in thoughts of others. What about the impact of valuations on the properties themselves? I thought that impa...
by not4me
Mon Dec 16, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard Forced Liquidation of Holders of UBS ETRACS Exchange Traded Notes
Replies: 16
Views: 1725

Re: Vanguard Forced Liquidation of Holders of UBS ETRACS Exchange Traded Notes

I didn't realize all they had to do was decide. Don't you think this result had something to do with investor opinion at some point along the way? I don't know enough about these particular ETNs to know why they would decide to do this to holders, but my guess is that it has something to do with ex...
by not4me
Mon Dec 16, 2019 9:06 am
Forum: Investing - Theory, News & General
Topic: Question on Open-ended Mutual Funds and ETFs
Replies: 19
Views: 880

Re: Question on Open-ended Mutual Funds and ETFs

1) This concerns open-ended mutual funds. Since they contain a limitless number of shares, why arent the shares and the fund itself of lower value if more shares are generated the less value it must have? Open-ended mutual funds are indeed open-ended. Shares are created or redeemed once a day and p...
by not4me
Sat Dec 14, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Do TIPS work? How do we know?
Replies: 168
Views: 8742

Re: Do TIPS work? How do we know?

I don't intend to hijack this thread & in someone's explanation it likely will help this thread anyway. I'll start with the following which may need to be corrected. 1st, TIPS are adjusted based on CPI-U Non-seasonally adjusted. 2nd, Social Security cola is adjusted based on CPI-W. 3rd, there has be...
by not4me
Sat Dec 14, 2019 11:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard Forced Liquidation of Holders of UBS ETRACS Exchange Traded Notes
Replies: 16
Views: 1725

Re: Vanguard Forced Liquidation of Holders of UBS ETRACS Exchange Traded Notes

holders of the following ETNs will be liquidated by UBS at what price is anyone's guess Back in January 2019 Vanguard prohibited all clients from purchasing any of these types of holdings. OP, I understand your frustration, but appreciate you posting here for the benefit of others in a couple of wa...
by not4me
Sat Dec 14, 2019 10:52 am
Forum: Investing - Theory, News & General
Topic: SPIA’s and very low interest rates
Replies: 12
Views: 1081

Re: SPIA’s and very low interest rates

hoops777 wrote:
Fri Dec 13, 2019 5:57 pm
Just wondering about the solvency of existing higher paying SPIA’s if we go into a very long period of interest rates close to zero on bonds.Any effect at all?
If you already have one & are concerned about it, have you considered checking a regulatory authority?
by not4me
Sat Dec 14, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8658

Re: Federal Budget Deficit Risks and Investment Strategy

A somewhat general comment after skimming thru many of the posts...I don't want to speak for the OP, but I'm assuming that the choice of the words "budget deficit" were not picked to be very specific; & indeed most (all?) haven't taken them that way. However, I've noticed a tendency by many to lump ...
by not4me
Fri Dec 13, 2019 4:55 pm
Forum: Personal Investments
Topic: Inherited IRA
Replies: 11
Views: 933

Re: Inherited IRA

It sounds as if you may also have difficulty when it comes to selling an investment -- especially if it happens to be down at the time. You can't precisely determine your RMD for next year (I assume you don't have to take one between now & end of 2019), but you can come close. You may want to be sur...
by not4me
Fri Dec 13, 2019 4:41 pm
Forum: Investing - Theory, News & General
Topic: Federal Budget Deficit Risks and Investment Strategy
Replies: 148
Views: 8658

Re: Federal Budget Deficit Risks and Investment Strategy

As best that I can express them, my worries are: 1) If we came to a point where there actually was "too much government debt" what might that likely lead to? Higher interest rates as investor flee US debt? Deflation? Higher taxes? Etc. 2) And then how would investments in stocks, bonds, plus intere...
by not4me
Fri Dec 13, 2019 3:59 pm
Forum: Investing - Theory, News & General
Topic: TIAA Real Estate vs US REITs
Replies: 27
Views: 2047

Re: TIAA Real Estate vs US REITs

I don't think there is much value in the comparison & here's why I say that. 1st though, I'll readily confess to not being well versed on the TIAA product. I do think the 2 factors you mentioned contribute. The TIAA product is targeted toward a different investor than the broad category of REITs. As...
by not4me
Thu Dec 12, 2019 3:41 pm
Forum: Personal Investments
Topic: Inheritance in wife’s name or both spouses?
Replies: 78
Views: 6406

Re: Inheritance in wife’s name or both spouses?

$300,000 of mine is in a brokerage account in my name and the deceased’s, which I intend to change soon. The rest is in real estate that will probably take a while to sell. OP, went back to original post to see if questions were answered/addressed & thought I'd mention a couple of things. Some of t...
by not4me
Wed Dec 11, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Sons-in-law or Daughters-in -law legacy gifts...
Replies: 31
Views: 3762

Re: Sons-in-law or Daughters-in -law legacy gifts...

When I received an inheritance from my father I gifted DDs a sum of money. And, I bought each son-in-law a Rolex watch as a gift to them. I wanted to show appreciation for their efforts for their families, and our daughters. This brought up an interesting twist to me. Thus far, ours have handled th...
by not4me
Wed Dec 11, 2019 4:09 pm
Forum: Personal Investments
Topic: Inheritance in wife’s name or both spouses?
Replies: 78
Views: 6406

Re: Inheritance in wife’s name or both spouses?

Some questions -- mostly for those who advocate for keeping separate (& you know who you are!): 1) Several have said that although they are separate accounts, they are treated jointly in terms of how $ spent. Are things such as asset allocation, etc handled jointly? considered in light of all other...
by not4me
Wed Dec 11, 2019 9:11 am
Forum: Personal Investments
Topic: Private equity ETF
Replies: 10
Views: 1052

Re: Private equity ETF

I would like to add some private equity to my portfolio. Be advised that what you would buy through an ETF will be the public company that in various ways have private equity investments. It will not precisely perform as 'pure' private equity if you've seen stats on that. Pick a company in the list...
by not4me
Wed Dec 11, 2019 9:07 am
Forum: Personal Investments
Topic: Inheritance in wife’s name or both spouses?
Replies: 78
Views: 6406

Re: Inheritance in wife’s name or both spouses?

Some questions -- mostly for those who advocate for keeping separate (& you know who you are!): 1) Several have said that although they are separate accounts, they are treated jointly in terms of how $ spent. Are things such as asset allocation, etc handled jointly? considered in light of all other ...
by not4me
Tue Dec 10, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Exercising of Vested Stock Options
Replies: 24
Views: 1289

Re: Exercising of Vested Stock Options

As others have mentioned doing a tax analysis, that would be key to me...but a complete one. You didn't mention other factors that might come into play such as expected 2020 income, relocating from a high tax state to a low/no income tax state, etc... Also, without understanding this in relation to ...
by not4me
Tue Dec 10, 2019 2:15 pm
Forum: Personal Investments
Topic: Property Tax Lien Certificate Investing
Replies: 6
Views: 537

Re: Property Tax Lien Certificate Investing

This is not only state specific, but at times varies within a county. It can be different for adjacent taxing authorities; that is, adjacent parcels may be different since one in city a, the other in the county. So, first advice is to decide where. Then understand thoroughly the laws of that area & ...
by not4me
Mon Dec 09, 2019 11:29 am
Forum: Personal Investments
Topic: Vanguard won't fix IRA misclassification [solved]
Replies: 43
Views: 4384

Re: Vanguard won't fix IRA misclassification

The TIAA account was not overtly called an IRA...it was an inherited Variable Annuity Retirement Contract, but I thought they would have plenty if experience transferring this to an Inherited IRA and making sure it was done correctly. This was a red flag to me. Did they use the terms qualified or n...
by not4me
Mon Dec 09, 2019 10:18 am
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 16
Views: 940

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

Can anyone run numbers if there is a break-even point where the $22,800 would ever catch up to what the value of the $30,000 would be over time with the higher fee and RMD. I may not be entirely sure what you are thinking here, but you probably need to make more assumptions. Just to be clear, there...
by not4me
Fri Dec 06, 2019 12:51 pm
Forum: Investing - Theory, News & General
Topic: Real estate or gold as inflation hedge?
Replies: 12
Views: 1081

Re: Real estate or gold as inflation hedge?

Why is it gold that is always cited as inflation hedge and never real estate? Isn't real estate inflation edge + growth ? Is it a liquidity issue ? Zeroing in on your choice of words, you don't seem to be asking which is better. It might help to expand a bit on who is doing the citing. In recent ti...
by not4me
Fri Dec 06, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: Why does this 3 fund allocation "outperform"?
Replies: 4
Views: 750

Re: Why does this 3 fund allocation "outperform"?

How far back can you truly go? IAU only goes back to 2006. Not nearly long enough to draw any conclusions. I believe that the more general asset class lookback went back to 1987. Regardless, setting aside the "validity" of the results, what would be the likely explanation for this performance, or a...
by not4me
Fri Dec 06, 2019 12:34 pm
Forum: Personal Investments
Topic: Inherited "Stretch" Variable Annuity v Liquidate & Invest
Replies: 16
Views: 940

Re: Inherited "Stretch" Variable Annuity v Liquidate & Invest

Often interesting to see the different perspectives from various posters; I'll add another. 1st, I've no direct experience with Fidelity on VAs & wouldn't spend anymore time trying to find a cheaper one. I will say that VAs in general do not have transparency on ALL fees -- perhaps this one does. If...
by not4me
Wed Dec 04, 2019 2:52 pm
Forum: Personal Investments
Topic: Cash or Shares?
Replies: 6
Views: 704

Re: Cash or Shares?

Don't know if you are familiar with the term "Net Unrealized Appreciation" (or just NUA). It may not work in your specific, but definitely something to understand before the shares are sold. You didn't mention about 2020 income & whether you are considering converting after Jan 1. If you aren't alre...
by not4me
Tue Dec 03, 2019 8:46 am
Forum: Personal Investments
Topic: Any reason to reinvest tax-exempt dividend into a fund with a 3.75% load?
Replies: 8
Views: 639

Re: Any reason to reinvest tax-exempt dividend into a fund with a 3.75% load?

Mom's funds are in a Morgan Stanley account, which she has asked my sister and I to review regarding a CD maturing shortly. We've figured that out, but I've noticed some other areas of concern. What stands out to us most concerns her largest asset at Morgan Stanley, which is in the Franklin Califor...
by not4me
Mon Dec 02, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Help Poor Families at the Holiday Season?
Replies: 43
Views: 3014

Re: Best Ways to Help Poor Families at the Holiday Season?

Work with local social workers to identify some of the most needy families in your area. You will likely find that they need many things that we think of as basic necessities - you can help them by providing some of these items anonymously if you prefer. Most of what we are asked for are in these c...
by not4me
Mon Dec 02, 2019 1:18 pm
Forum: Personal Investments
Topic: Leveraged ETF's
Replies: 16
Views: 1051

Re: Leveraged ETF's

Another advantage of an ETF is that if the fund provider goes bust you still own the underlying assets. OP, just to expand on this point...I know sometimes terms can be used loosely & if you aren't familiar you may not realize when important. if you should be considering a "ETN", that is different ...
by not4me
Mon Dec 02, 2019 1:12 pm
Forum: Personal Investments
Topic: Evaluating privately held shares
Replies: 17
Views: 897

Re: Evaluating privately held shares

Several of my considerations have already been mentioned, but will add a couple. It sounds to me that you are likely getting a fair price -- I'd somewhat assume there are legalities at work in which some of the main players are making sure they'll get treated fairly when it is their turn. I'd try & ...
by not4me
Mon Dec 02, 2019 12:58 pm
Forum: Investing - Theory, News & General
Topic: Alternatives to Cash
Replies: 19
Views: 2376

Re: Alternatives to Cash

Any thoughts on these ETF alternatives or any other ideas like maybe brokered CD's? I'll start with the 2nd part first -- that is, "other ideas". imho, this is as good an example of an area in which there won't be a 'free lunch' opportunity. All have potential flaws & trade-offs. Trade-offs between...
by not4me
Mon Nov 25, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: "3,611" or 3,581 stocks in VTI on 10/31/2019? Microscopic discrepancy, but can anyone explain it?
Replies: 14
Views: 2976

Re: "3,611" or 3,581 stocks in VTI on 10/31/2019? Microscopic discrepancy, but can anyone explain it?

1. Are any of the "stock holdings" not stocks, but rather funds that hold stocks? I've frequently seen small positions in ETFs and Institutional funds in the holdings of index funds. Those small positions, if any, could be the source of the 30 missing stocks. 2. This footnote looks relevant: "SEC r...
by not4me
Mon Nov 25, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Why isn't enterprise value/earnings more important than market cap/earnings (P/E)?
Replies: 18
Views: 1540

Re: Why isn't enterprise value/earnings more important than market cap/earnings (P/E)?

Is there a reason P/E is quoted everywhere instead of EV/E? I think there are multiple things getting twisted together here, but I'm guessing this may be your main question. If so, my guess would be that price is readily available & changes "constantly". Calculating EV takes some more effort & reli...
by not4me
Fri Nov 22, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in farmland
Replies: 14
Views: 2046

Re: Investing in farmland

I posted in another of the threads referenced & so won't repeat that. Unlike many, I think farmland can be a good investment, but I don't think this is the vehicle (& probably time) to do so. I spent just a few glances at some of their numbers, using the 1st property that came up when I went to the ...
by not4me
Fri Nov 22, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: Calvert Impact Capital & Blue Forest Conservation
Replies: 2
Views: 238

Re: Calvert Impact Capital & Blue Forest Conservation

You can go thru an organization called ImpactAssets & set up a DAF to do something similar. Doesn't have the range of options that other brokerage-based DAFs offer, but many options geared in this direction. Also, the site itself has considerable amount of info on the subject. Just trying to do a we...
by not4me
Fri Nov 22, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help: Husband's Surprise Debts
Replies: 183
Views: 19777

Re: Help: Husband's Surprise Debts

I hear what you're saying. I agree. But, I don't think it's an easy decision, especially at this age and stage of life. My SS is $945 per month, plus an annuity of $320. How could I possibly live on that amount of money? Division of the assets (minus debts) would net me maybe $350k. I had a window ...
by not4me
Fri Nov 22, 2019 12:19 pm
Forum: Personal Investments
Topic: Cost basis and making distribution from a trust
Replies: 7
Views: 406

Re: Cost basis and making distribution from a trust

Do you know Vanguard‘s information is correct? Was there a step up in basis of which they were advised? Gill I agree with this, but wanted to expand a bit. There are several pieces of info that are missing that would make me cautious. Without throwing out many possibles, I'd mainly mention that som...
by not4me
Thu Nov 21, 2019 7:33 pm
Forum: Investing - Theory, News & General
Topic: Bond Sectors - JP Morgan Fixed Income Asset Allocation Portfolio?
Replies: 11
Views: 1389

Re: Bond Sectors - JP Morgan Fixed Income Asset Allocation Portfolio?

Standard deviation and sharpe ratios seem to vary to some extent depending on the time period, so I'm not entirely sure how much good they might be for making buying decisions. Mainly I was looking at past returns over different periods and seeing how volitility differed. I'm mainly intending this ...
by not4me
Thu Nov 21, 2019 7:18 pm
Forum: Personal Investments
Topic: Keep or sell inherited municipal bonds
Replies: 26
Views: 1566

Re: Keep or sell inherited municipal bonds

Sell ASAP. Since the bonds are not for your state there may be an issue of amortizing the bond premium value (the extent to which the value of the bond exceeds par value) if you are in a state with an income tax. Potentially a headache. I hadn't thought of this. Thanks! OP, regardless of your decis...
by not4me
Tue Nov 19, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Deferral of Salary
Replies: 8
Views: 1667

Re: Deferral of Salary

Unlikely this is a consideration, but just in case... Some companies use the "salary" to determine other benefits, especially the last salary. The details of your specific plan &/o personal situation might matter a bit. This would also potentially affect social security calculation? Some on the boar...
by not4me
Tue Nov 19, 2019 4:36 pm
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6399

Re: Now That I have Won

I am 89. My IRA holds 90% of my assets (Total Bond Market Index Fund 60% and Total Stock Market 40%) My estimated life expectancy is 5 years. At the present time there is enough in the IRA to withdraw 12 years of RMD. I am considering to leave 4 years of estimated RMD in the bond fund, add one year...