Search found 4629 matches

by iceport
Fri Apr 03, 2020 2:44 pm
Forum: Personal Investments
Topic: What's your asset allocation strategy if you don't re-balance?
Replies: 19
Views: 1264

Re: What's your asset allocation strategy if you don't re-balance?

After reading the many discussions about re-balance, I have accepted the concept that there is no re-balance bonus and decide to not re-balance in the future. I think there is a common misconception here. There is probably no rebalancing bonus when rebalancing between high risk and low risk assets....
by iceport
Fri Apr 03, 2020 2:32 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 743
Views: 39722

Re: What are you listening to now

JAZZISCOOL wrote:
Fri Apr 03, 2020 1:43 pm
iceport wrote:
Thu Apr 02, 2020 8:08 pm
Eilen Jewell — Sea of Tears
Nice group! Love the acoustic bass! I also like the sound of the guitar player. Kinda retro. :happy
Yes, sounds kind of rockabilly to my ears...
by iceport
Fri Apr 03, 2020 2:28 pm
Forum: Personal Investments
Topic: TLH Advice
Replies: 11
Views: 697

Re: TLH Advice

Thanks for the advice. I appreciate it. Couple of questions: Your VFIAX in the IRA has the potential to create a wash sale if you manage to sell the substitute taxable holding of the fund at (another) loss, but only shares purchased within the wash sale period count towards producing a wash sale. I...
by iceport
Fri Apr 03, 2020 2:09 pm
Forum: Personal Investments
Topic: What's your asset allocation strategy if you don't re-balance?
Replies: 19
Views: 1264

Re: What's your asset allocation strategy if you don't re-balance?

After reading the many discussions about re-balance, I have accepted the concept that there is no re-balance bonus and decide to not re-balance in the future. I think there is a common misconception here. There is probably no rebalancing bonus when rebalancing between high risk and low risk assets....
by iceport
Fri Apr 03, 2020 12:50 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 743
Views: 39722

Re: What are you listening to now

Eilen Jewell — Sea of Tears I really like her and her music. Have seen her a couple of times live. :thumbsup Same here. And I think her songwriting is underappreciated. She's quite remarkable. Though I don't think of it anymore, when I first saw her I couldn't help but think of Billie Holiday — Ida...
by iceport
Fri Apr 03, 2020 12:24 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 743
Views: 39722

Re: What are you listening to now

I love all kinds of music from past decades but I also like to listen to new artists. I just listened to a great, soulful vocalist named Allen Stone on Tiny Desk Concerts (NPR). Here's a couple of samples: https://www.youtube.com/watch?v=ZrZv3JpOr2g https://www.npr.org/2020/03/30/820763473/allen-st...
by iceport
Fri Apr 03, 2020 11:59 am
Forum: Personal Investments
Topic: TLH Advice
Replies: 11
Views: 697

Re: TLH Advice

Ok, so my search turned up the following partners: for VTSAX: VLCAX, VFIAX Any recommendations for one over the other? More pertinently, would there be any issues with exchanging VTSAX for VFIAX, and then back to VTSAX after my 30 day window assuming the numbers work, considering that my entire Rot...
by iceport
Fri Apr 03, 2020 2:31 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 743
Views: 39722

Re: What are you listening to now

The weight https://youtu.be/ph1GU1qQ1zQ Absolutely astounding! Thanks for that. The PFC arrangements always sound so beautiful. I have mixed feelings about R. Robertson, though, knowing how his band mates felt he had treated them. I hear you. Dedicated to Levon Helm. https://youtu.be/4rpRDIKAUnY :D...
by iceport
Fri Apr 03, 2020 2:11 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 743
Views: 39722

Re: What are you listening to now

dreamrrr wrote:
Fri Apr 03, 2020 1:53 am
The weight
https://youtu.be/ph1GU1qQ1zQ
Absolutely astounding! Thanks for that. The PFC arrangements always sound so beautiful.


I have mixed feelings about R. Robertson, though, knowing how his band mates felt he had treated them.
by iceport
Thu Apr 02, 2020 8:08 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 743
Views: 39722

Re: What are you listening to now

Eilen Jewell — Sea of Tears
by iceport
Thu Apr 02, 2020 8:05 pm
Forum: Investing - Theory, News & General
Topic: Words of Wisdom William Bernstein_chat w/Ben Carlson
Replies: 75
Views: 10963

Re: William Bernstein interview about the corona crisis

That was an awesome interview! Thanks!

:thumbsup
by iceport
Thu Apr 02, 2020 12:32 pm
Forum: Investing - Theory, News & General
Topic: Special "Bogleheads on Investing" podcast on taxes
Replies: 19
Views: 2603

Re: Special "Bogleheads on Investing" podcast on taxes

I rarely say something is a must-read or a must-listen , but I'm making an exception with this podcast. Jeff Levine CPA/PFS, CFP is my guest for this special Bolgleheads on Investing podcast. In this packed one-hour episode, we cover the CARES Act, SECURE Act, the new moral hazard in the rental rea...
by iceport
Wed Apr 01, 2020 9:13 am
Forum: Personal Investments
Topic: TLH and avoid any wash sales
Replies: 7
Views: 287

Re: TLH and avoid any wash sales

OP: A wealth of information can be found here: The Wash Sale Rule

Spend half an hour reading the clear, concise articles there and you'll be your own expert on wash sales.
by iceport
Wed Apr 01, 2020 9:11 am
Forum: Personal Investments
Topic: TLH and avoid any wash sales
Replies: 7
Views: 287

Re: TLH and avoid any wash sales

I’ve read on several blogs that tracking different indexes is good enough for the IRS, but I didn’t see that anywhere in pub 550… Precisely. After hearing long-winded, pretentious explanations for why the plumbing fixture was art, the correct answer Mr. Maziarz was looking for was, "Who says it's a...
by iceport
Wed Apr 01, 2020 8:57 am
Forum: Personal Investments
Topic: TLH and avoid any wash sales
Replies: 7
Views: 287

Re: TLH and avoid any wash sales

So given that, let me ask a homework question: Why are VFIAX and VLCAX not substantially identical? Oooooh, oooooh! I know the answer! Actually, your question brought back a memory of the last question on the final exam of a comparative arts class I took as a junior in high school. Showing us a toi...
by iceport
Tue Mar 31, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: The most long-term-profitable emotion in investing.
Replies: 48
Views: 2713

Re: The most long-term-profitable emotion in investing.

Tortoise2030 wrote:
Tue Mar 31, 2020 6:39 pm
sticktoitiveness
And its twin, discipline.

Oh crud, that's not an emotion, is it?
by iceport
Tue Mar 31, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: Small drip from copper pipe
Replies: 46
Views: 2123

Re: Small drip from copper pipe

I would attempt that. My preference would be to just disassemble the joint, clean it up (wire brush while hot, then polish with emery cloth), and reassemble in-kind with better soldered joints. You'll need to shield the PVC and the wood floor. Maybe a wet rag for the PVC and a tack a sheet metal shi...
by iceport
Tue Mar 31, 2020 10:16 am
Forum: Personal Investments
Topic: Did I trigger a wash sale (even partial, perhaps)?
Replies: 2
Views: 222

Re: Did I trigger a wash sale (even partial, perhaps)?

Conditions: I had some losses on VTSAX in my taxable that I wanted to TLH into VLCAX. I simultaneously held VTSAX in my IRA. Current situation: When I sold my taxable VTSAX shares, I had a handful of VTSAX shares in my IRA that had been purchased within 30 days of the sell. However, I did make sure...
by iceport
Tue Mar 31, 2020 10:03 am
Forum: Personal Investments
Topic: TLH-using specific example
Replies: 3
Views: 228

Re: TLH-using specific example

Have had VWO, VUG and VTV for a couple years. Have recently bought VTI and VXUS as market as trended down in last 30 days. Planning on selling individual tax lots in VWO, VUG and VTV. Would buying VTI in place of those shares be proper TLH ? My assumption is since I’m not TLH VTI it shouldn’t be a ...
by iceport
Tue Mar 31, 2020 9:47 am
Forum: Personal Investments
Topic: Tax Loss Harvesting question
Replies: 15
Views: 638

Re: Tax Loss Harvesting question

there actually isn't a loss on those shares anymore. they have gained 3 dollars per share so it would be a gain of $9 on those 2.9 shares. I'm not even sure to which shares you are referring here. There are supposedly 2.9 shares in an IRA that were purchased within the wash sale period. Without liq...
by iceport
Mon Mar 30, 2020 10:33 pm
Forum: Personal Investments
Topic: tax loss harvest by specID while preventing a wash sale
Replies: 33
Views: 1623

Re: tax loss harvest by specID while preventing a wash sale

All very true, but such is the nature of risk. The point is, it's an added but unnecessary and unwanted risk. How ironic that being out of the market and in cash is considered to be unwanted risk. But to each his own. Call it risk of tracking error from the chosen asset allocation and investing str...
by iceport
Mon Mar 30, 2020 9:02 pm
Forum: Personal Investments
Topic: tax loss harvest by specID while preventing a wash sale
Replies: 33
Views: 1623

Re: tax loss harvest by specID while preventing a wash sale

An option is to sell, stay out for 30 days, and to back. With respect, I think that is always a poor course of action, but especially so right now. Time in the market is critical. You have nearly the same probability of doing better being out of the market for 30 days as being in the market for 30 ...
by iceport
Mon Mar 30, 2020 8:52 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting question
Replies: 15
Views: 638

Re: Tax Loss Harvesting question

If I understand correctly, the wash would only be on 2.9 shares since that is what the dividend bought...correct? Yes, exactly. If I exchanged all the shares in the Roth to large cap index and also sold all the total stock market shares in my taxable account that were at a loss, this would not be a...
by iceport
Mon Mar 30, 2020 3:52 pm
Forum: Personal Investments
Topic: tax loss harvest by specID while preventing a wash sale
Replies: 33
Views: 1623

Re: tax loss harvest by specID while preventing a wash sale

* Leave it that way for at least 61 days (I think the tax rule is actually 30+? But I remember a weird thing with Vanguard pushing 60 for some reason). The wash sale window is 61 days - the TLH day, 30 days before the TLH day, and 30 days after the TLH day. Yes. The Vanguard 60 day limit was a freq...
by iceport
Mon Mar 30, 2020 3:40 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 506
Views: 18539

Re: Bird watchers – what birds are you seeing?

I'm not a true birdwatcher, and my ex-GF ended up with my copy of the National Audubon Society field book which I haven't replaced yet, but I do enjoy watching birds. Though I can't often see them, I've been *hearing* both the electronic-sounding warbles and the louder monkey-like calls of the pilea...
by iceport
Mon Mar 30, 2020 2:34 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting question
Replies: 15
Views: 638

Re: Tax Loss Harvesting question

Why are you worried about a wash sale? I'm not pedsEDdoc, but presumably the OP doesn't want to permanently forfeit part of the loss they hope to harvest... Yes, but they need to calculate what that "part of the loss" actually is. Maybe it is $1.27? :thumbsup :thumbsup I totally agree, it might not...
by iceport
Mon Mar 30, 2020 2:32 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting question
Replies: 15
Views: 638

Re: Tax Loss Harvesting question

livesoft wrote:
Mon Mar 30, 2020 2:26 pm
Why are you worried about a wash sale?
I'm not pedsEDdoc, but presumably the OP doesn't want to permanently forfeit part of the loss they hope to harvest...
by iceport
Mon Mar 30, 2020 2:24 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting question
Replies: 15
Views: 638

Re: Tax Loss Harvesting question

You have a few options. You could do nothing with the replacement shares, and report any resulting wash sale on the honor system. Brokers are not required to report wash sales across accounts, but taxpayers are! The disallowed loss will be gone for good. Alternatively, you could sell all shares of V...
by iceport
Mon Mar 30, 2020 1:41 pm
Forum: Personal Investments
Topic: sell-all and wash sale rule question
Replies: 39
Views: 2132

Re: sell-all and wash sale rule question

Just a question for clarification of details: I bought vbr on 3/5 in one bank's account and again around 3/10/20 in a different bank's account (all taxable accounts, not 401k/IRA). I sold all the vbr in the second account which had been purchased on 3/10/20. I have not bought any more vbr but forgo...
by iceport
Mon Mar 30, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: Has Your Asset Allocation Strategy Changed?
Replies: 73
Views: 3799

Re: Has Your Asset Allocation Strategy Changed?

I was proud to have one of my submitted "Pearls of Wisdom" candidates published in Appendix I of The Bogleheads' Guide to Retirement Planning back in 2009.

"Never change your long-term investment plan based on short-term results."

It's as applicable now as it was back then.

:beer
8-)
by iceport
Mon Mar 30, 2020 9:42 am
Forum: Personal Investments
Topic: TLH with mutual funds and avoiding volatility losses
Replies: 12
Views: 754

Re: TLH with mutual funds and avoiding volatility losses

Ok, so I just sold all of my FSKAX in my taxable account. But I didn’t realize that I had bought FSKAX in my and my spouses Roth IRA 20 days earlier. Does this trigger wash sale rules for TLH? If so, if I sold all the remaining FSKAX in my rollover, 401k and Roth will I still be able to harvest? Ye...
by iceport
Mon Mar 30, 2020 9:29 am
Forum: Investing - Theory, News & General
Topic: Great example of someone who should have never invested in factors
Replies: 119
Views: 8301

Re: Great example of someone who should have never invested in factors

I can remember having the impression in past years that this forum had a definite undercurrent that people who did not tilt were a little bit stupid somehow. The message to stick with the plan was always front and center, but the underlying message was to do it. There was a survey here once that sh...
by iceport
Mon Mar 30, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Great example of someone who should have never invested in factors
Replies: 119
Views: 8301

Re: Great example of someone who should have never invested in factors

What’s the main information driver of people deciding to get into these funds? Advisors? Financial writers? Top level advertising from brokerages? OMG! Are you kidding? You must have missed the era here on this very forum. Search here for "TrevH" . The site was plastered for years with his admonish...
by iceport
Sun Mar 29, 2020 7:02 pm
Forum: Investing - Theory, News & General
Topic: I thought I had it all figured out....advice please
Replies: 42
Views: 5334

Re: I thought I had it all figured out....advice please

Question: I have read about the different portfolios used by authors here. Three seems too few - especially during times of volatility - and 17 is too many. Does anyone have a recommended number for a non-day trader who doesn't want to worry about all the finer nuances of the market? I see lots of ...
by iceport
Sun Mar 29, 2020 3:22 pm
Forum: Personal Investments
Topic: Share what worked in your plan during the crisis
Replies: 103
Views: 7121

Re: Share what worked in your plan during the crisis

A lot of people seem to be re-evaliuating and modifying their plans based on recent events. For those who feel their plans performed well what is a key or two that you can share. I couldn't even tell you; I'm still bored. Don't get me wrong, I'm as disappointed as anyone about losing 1/5 of my life...
by iceport
Sun Mar 29, 2020 11:22 am
Forum: Personal Investments
Topic: TLH from individual stock into index funds
Replies: 5
Views: 194

Re: TLH from individual stock into index funds

Am I thinking about this right or just losing money and opportunity? I do have faith in most of the stocks but am not interested in owning individual shares. The only potential flaw I see is that there's no need to "zero out the losses." Why would you want to do that? Are you in the 0% capital gain...
by iceport
Sun Mar 29, 2020 11:10 am
Forum: Personal Investments
Topic: TLH from individual stock into index funds
Replies: 5
Views: 194

Re: TLH from individual stock into index funds

Am I thinking about this right or just losing money and opportunity? I do have faith in most of the stocks but am not interested in owning individual shares. Your thinking is spot-on. This is a perfect time to get out of taxable holdings that you'd rather not own anymore. Here's a glimpse of the al...
by iceport
Sun Mar 29, 2020 10:53 am
Forum: Investing - Theory, News & General
Topic: So, Where Are You *Back* To in Time? (And Were You Happy Then?)
Replies: 63
Views: 3872

Re: So, Where Are You *Back* To in Time? (And Were You Happy Then?)

And, some music to send you back in time. "Good Morning Sunshine". Oliver. https://www.youtube.com/watch?time_continue=1&v=whmzEXywq40 j :happy Well, that did it, Sandtrap. Thank You! :beer I've been watching Season 3 of the PBS series Endeavour, set in 1967, and some of the cultural artifacts from...
by iceport
Sun Mar 29, 2020 10:00 am
Forum: Investing - Theory, News & General
Topic: Suggest best readings of past 30 days?
Replies: 14
Views: 1435

Re: Suggest best readings of past 30 days?

Anything by Morgan Housel is sure to challenge your thinking:

https://www.collaborativefund.com/blog/authors/morgan/

His latest entry on potential lasting effects of this public health crisis: Wounds Heal, Scars Last
by iceport
Sat Mar 28, 2020 1:50 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]
Replies: 39
Views: 1705

Re: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]

Tax loss harvesting does not exist. People buy and sell stocks and, sometimes, realize capital losses. When those capital losses can be used to reduce taxable income is regulated by the wash sale rule. Unless the rule applies, it is 100% kosher to deduct the loss in the prescribed form. What are we...
by iceport
Sat Mar 28, 2020 1:23 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]
Replies: 39
Views: 1705

Re: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]

Tax loss harvesting does not exist. People buy and sell stocks and, sometimes, realize capital losses. When those capital losses can be used to reduce taxable income is regulated by the wash sale rule. Unless the rule applies, it is 100% kosher to deduct the loss in the prescribed form. What are we...
by iceport
Sat Mar 28, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: life cycle funds and wash sale rules?
Replies: 46
Views: 1464

Re: life cycle funds and wash sale rules?

I would think though if I was say selling 2035 and moving to 2065 then in good faith I could say easily that I am not maintaining an identical or nearly identical investment position. Thanks for the info all I don't think anyone who's commented here would really disagree. The entire thread has most...
by iceport
Sat Mar 28, 2020 11:37 am
Forum: Personal Investments
Topic: Lump sum or DCA $30,000 in a volatile market?
Replies: 43
Views: 2603

Re: Lump sum or DCA $30,000 in a volatile market?

High volatility generally increases the odds that DCA will come out ahead of lump sum investing.

High market valuations generally increase the odds that DCA will come out ahead of a lump sum.

On average, the chance that DCA will come out ahead is roughly 33%.
by iceport
Sat Mar 28, 2020 11:27 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]
Replies: 39
Views: 1705

Re: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]

Am I missing something here -- the law seems pretty clear, but I'm definitely not an accountant/tax lawyer, etc.? ChrisBenn, I think you might be interested in this analysis I came across years ago, but just remembered I had in my files. It addresses in part the very legal conflict you raise, thoug...
by iceport
Sat Mar 28, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: life cycle funds and wash sale rules?
Replies: 46
Views: 1464

Re: life cycle funds and wash sale rules?

OK - take 2. . . . I hope this helps. Thank you for that interesting glimpse into the technical workings of institutional portfolio management! It helps in some respects, yet still leaves me confused in others. I'll come back later with more questions when I have more time, but just wanted to quick...
by iceport
Sat Mar 28, 2020 9:40 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]
Replies: 39
Views: 1705

Re: Tax Loss Harvesting: Violation of IRS Code?!? [Economic Substance Doctrine]

So this seems to very explicitly say that if one performs a transaction only to change one's tax posture then then any tax benefits (losses in this case) would be disallowed. Okay, so here's the basic point of confusion for me: The wash sale rule was written with the assumption that people will do ...
by iceport
Sat Mar 28, 2020 9:32 am
Forum: Investing - Theory, News & General
Topic: life cycle funds and wash sale rules?
Replies: 46
Views: 1464

Re: life cycle funds and wash sale rules?

I would think though if I was say selling 2035 and moving to 2065 then in good faith I could say easily that I am not maintaining an identical or nearly identical investment position. Thanks for the info all I don't think anyone who's commented here would really disagree. The entire thread has most...
by iceport
Fri Mar 27, 2020 4:17 pm
Forum: Investing - Theory, News & General
Topic: life cycle funds and wash sale rules?
Replies: 46
Views: 1464

Re: life cycle funds and wash sale rules?

Yikes - so it seems like TLH as discussed in this forum and on the wiki (https://www.bogleheads.org/wiki/Tax_loss_harvesting) is actually a violation of tax code. At a minimum this adds another layer to the good faith piece, in that now someone has to articulate why (other than taxes) they moved fr...
by iceport
Fri Mar 27, 2020 4:11 pm
Forum: Investing - Theory, News & General
Topic: life cycle funds and wash sale rules?
Replies: 46
Views: 1464

Re: life cycle funds and wash sale rules?

It seems like tax loss harvesting losses would be disallowed unless one could articulate a reason for the transaction other than tax loss harvesting? pub 550 references it also, and lays out a 20% penalty for underpayments due to claiming losses disallowed by this doctrine. You have it right. I was...