Search found 250 matches

by JimmyJammy
Wed Jul 29, 2015 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 109
Views: 15359

Re: Divorce

I'm married and hope I never experience a divorce, but I try to manage and track individual and joint finances carefully just in case my domestic bliss ever goes south. What I have never understood is why people lose (or give away) assets that rightfully belong to them in a divorce. Can't all this f...
by JimmyJammy
Sun Mar 01, 2015 5:27 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Market Slides
Replies: 55
Views: 5585

Re: Dividends and Market Slides

As a New Yorker, I'm feeling the pain of a higher-than-average tax rate on dividends here. Time to move to Seattle. Here's a state by state breakdown: http://www.forbes.com/sites/baldwin/2014/03/14/best-states-worst-states-for-dividend-lovers/2/ The same author is in the anti-dividend camp: http://w...
by JimmyJammy
Sun Mar 01, 2015 1:50 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Market Slides
Replies: 55
Views: 5585

Re: Dividends and Market Slides

I came across this 40 point dividend info sheet on Dividend.com: http://www.dividend.com/dividend-education/40-things-every-dividend-investor-should-know/ Item #35 has a chart showing volatility of dividend paying S&P stocks vs. non-dividend paying S&P stocks (1972-2013), followed by this cl...
by JimmyJammy
Tue Feb 03, 2015 1:56 am
Forum: Investing - Theory, News & General
Topic: Bill Gross warns about bonds. Are you worried?
Replies: 38
Views: 6753

Bill Gross warns about bonds. Are you worried?

Yahoo recently posted this interview with Bill Gross in which he said that bonds are basically safe for 6 to 12 months, but the 10-30 year outlook is bad: http://finance.yahoo.com/news/bill-gross--cautions-for-bond-investors-175812765.html He's not the only one who has been making these kinds of sta...
by JimmyJammy
Fri Jan 30, 2015 2:01 pm
Forum: Investing - Theory, News & General
Topic: Wiki comments requested: The importance of asset allocation
Replies: 208
Views: 23668

Re: Wiki comments requested: The importance of asset allocat

The examples on that Asset Allocation wiki page carry a significant assumption - that stocks and bonds always move in opposite directions. The "Rules of Thumbs" section basically suggests that bonds are "non-risky assets." But that's not always the case, is it? The results refere...
by JimmyJammy
Wed Dec 17, 2014 4:38 pm
Forum: Personal Investments
Topic: Why a Boglehead doesn't invest in individual companies?
Replies: 142
Views: 21988

Re: Why a Boglehead doesn't invest in individual companies?

Like the OP, I caught the dividend growth investor fever that seems to have increased in popularity these past few years. Investing in individual stocks can be fun. The OP might like Chuck Carnevale's articles on Seeking Alpha (among others). If you really enjoy it and want to spend lots of hours in...
by JimmyJammy
Wed Dec 10, 2014 6:32 pm
Forum: Investing - Theory, News & General
Topic: How to Split 3 Fund Portfolio Across Taxable, Roth, & 401K?
Replies: 9
Views: 1087

Re: How to Split 3 Fund Portfolio Across Taxable, Roth, & 40

Some would argue that you should put the high growth-style assets in your ROTH, because that's the only account of the three that won't have to pay taxes on your profit at the end of the road (when you sell/withdraw). So, in the case of the 3 Fund Portfolio, the highest growth (well, what's going to...
by JimmyJammy
Wed Dec 10, 2014 6:06 pm
Forum: Investing - Theory, News & General
Topic: How to Split 3 Fund Portfolio Across Taxable, Roth, & 401K?
Replies: 9
Views: 1087

Re: How to Split 3 Fund Portfolio Across Taxable, Roth, & 40

Sorry - what do you mean by tax adjust? Tax-loss harvesting?
by JimmyJammy
Wed Dec 10, 2014 5:45 pm
Forum: Investing - Theory, News & General
Topic: How to Split 3 Fund Portfolio Across Taxable, Roth, & 401K?
Replies: 9
Views: 1087

Re: How to Split 3 Fund Portfolio Across Taxable, Roth, & 40

And as you come closer to retirement, increasing bond exposure as you go, I assume you'll be aiming to have the Roth and 401K be the ones that fill up with Bonds first. Selling stocks to make way for bonds in those accounts won't lead to taxes.
by JimmyJammy
Wed Dec 10, 2014 5:38 pm
Forum: Investing - Theory, News & General
Topic: How to Split 3 Fund Portfolio Across Taxable, Roth, & 401K?
Replies: 9
Views: 1087

How to Split 3 Fund Portfolio Across Taxable, Roth, & 401K?

For those of you doing a 3 Fund Portfolio, I'm curious how you spread TOTAL STOCK, TOTAL INTNL, and TOTAL BOND across your taxable and tax-protected accounts. In my case I have 80% of my assets in a taxable account. 15% in a 401K. 5% in a Roth IRA. This task is made harder with the current climate w...
by JimmyJammy
Wed Dec 10, 2014 5:20 pm
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 122
Views: 16942

Re: Why don't YOU follow Buffett's advice?

In terms of asset allocation, I was interested to see what Vanguard's Target Funds would recommend. The original poster is 38 years old right? Say the retirement date is 2040 then. Well, Vanguard's Target Retirement 2040 fund has just under 10% in bonds, with 63% in TOTAL STOCK. So just about the sa...
by JimmyJammy
Mon Dec 08, 2014 2:03 pm
Forum: Investing - Theory, News & General
Topic: 2014 Portfolio Returns
Replies: 25
Views: 3589

Re: 2014 Portfolio Returns

What do people think about Vanguard's performance calculator on their website? If you have an account, log in and go to My Accounts > Personal Performance. Regarding their Calculation methods, they write "Calculation method: Personal performance uses a formula called internal rate of return (IR...
by JimmyJammy
Sun Dec 07, 2014 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Total International into Developed + Emerging
Replies: 4
Views: 945

Re: Splitting Total International into Developed + Emerging

Ok thanks. According to Morningstar, VXUS has 3.56% small caps And VEA has only .13% small caps. So, I see what you mean -- you would probably have to add a developed small cap fund to come closer to the VXUS composition. And the same thing with Emerging Markets since VWO is only .91% small cap.
by JimmyJammy
Sun Dec 07, 2014 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Total International into Developed + Emerging
Replies: 4
Views: 945

Splitting Total International into Developed + Emerging

Instead of having Vanguard Total International, I'm more comfortable splitting it into a Developed holding + an Emerging market holding. In terms of ETFs... (though I'm actually doing this with mutual funds) Total International is VXUS So you could combine percentages of VEU plus percentages of VWO ...
by JimmyJammy
Sat Dec 06, 2014 12:44 pm
Forum: Investing - Theory, News & General
Topic: Can a loss when Covering a Short reduce your taxable gains?
Replies: 5
Views: 687

Re: Can a loss when Covering a Short reduce your taxable gai

Interesting deadline date:

December 26, 2014 – Last day to purchase or cover a short position in order to be recognized as a realized gain/loss in tax year 2014.
by JimmyJammy
Fri Dec 05, 2014 2:50 pm
Forum: Investing - Theory, News & General
Topic: Can a loss when Covering a Short reduce your taxable gains?
Replies: 5
Views: 687

Re: Can a loss when Covering a Short reduce your taxable gai

Thanks for the link. Indeed, it looks pretty straight forward. You can count a short covering result as a loss against gains. "You do not realize gain or loss until delivery of property to close the short sale. You will have a capital gain or loss if the property used to close the short sale is...
by JimmyJammy
Fri Dec 05, 2014 2:08 pm
Forum: Investing - Theory, News & General
Topic: Can a loss when Covering a Short reduce your taxable gains?
Replies: 5
Views: 687

Can a loss when Covering a Short reduce your taxable gains?

This is a tax-loss harvesting question.

If I cover a short for a loss, can that loss be used to reduce my realized gains for the year?

I just haven't seen this short-covering question addressed in the tax-loss harvesting articles out there.
by JimmyJammy
Sun Mar 09, 2014 9:00 pm
Forum: Investing - Theory, News & General
Topic: Gagging on Health Care Stocks?
Replies: 12
Views: 2327

Re: Gagging on Health Care Stocks?

Over the past 6 years, the most successful mutual fund in my portfolio has been T. Rowe Price's Health Care fund, PRHSX. But, I've trimmed about 25% of that over the past month. The sector was feeling peaky. But innovation in health care/biotech is not going to slow down that much in the near future...
by JimmyJammy
Thu Feb 27, 2014 11:34 am
Forum: Personal Investments
Topic: Which Vanguard Bond Funds for a Taxable Account?
Replies: 32
Views: 4483

Re: Which Vanguard Bond Funds for a Taxable Account?

Abuss, I'm still doing research so the % targets aren't determined. Took the advice here to "slow down a bit". But, I have increased my exposure to New York Long Term Tax Exempt. Considering the Intermediate Term Tax Exempt for national exposure. And definitely checking in from time to tim...
by JimmyJammy
Sat Feb 22, 2014 1:47 pm
Forum: Personal Investments
Topic: Which Vanguard Bond Funds for a Taxable Account?
Replies: 32
Views: 4483

Re: Which Vanguard Bond Funds for a Taxable Account?

So Intermediate Tex exempt are national munis.
Since I'm in New York, I also have the NY muni fund available . Probably the national one has less risk I'm guessing.
by JimmyJammy
Fri Feb 21, 2014 4:39 pm
Forum: Personal Investments
Topic: Which Vanguard Bond Funds for a Taxable Account?
Replies: 32
Views: 4483

Re: Which Vanguard Bond Funds for a Taxable Account?

Found this old discussion about Vanguard-brokered CDs: http://www.bogleheads.org/forum/viewtopic.php?p=439558

Yes, you can get better deals elsewhere but it sounds like there are some advantages. Convenience for one thing.
by JimmyJammy
Fri Feb 21, 2014 4:06 pm
Forum: Personal Investments
Topic: Which Vanguard Bond Funds for a Taxable Account?
Replies: 32
Views: 4483

Re: Which Vanguard Bond Funds for a Taxable Account?

Thanks Kevin - those are good sites.

Vanguard also has their own internal CD shopping interface. The deals aren't as good though.
by JimmyJammy
Fri Feb 21, 2014 1:43 pm
Forum: Personal Investments
Topic: Which Vanguard Bond Funds for a Taxable Account?
Replies: 32
Views: 4483

Re: Which Vanguard Bond Funds for a Taxable Account?

Ok, thanks for the ideas and cautions: -- Kevin: CDs. I hadn't considered that. Glad to see they're an option. Didn't realize the yield would be higher than the Limited-Term Tax Exempt. And plus LT TE is also riskier! Good point. Where'd you buy your CDs? I was hoping to keep things in Vanguard. As ...
by JimmyJammy
Thu Feb 20, 2014 4:20 pm
Forum: Personal Investments
Topic: Which Vanguard Bond Funds for a Taxable Account?
Replies: 32
Views: 4483

Which Vanguard Bond Funds for a Taxable Account?

Hi, I'm 37 with a current overall 9% allocation in bonds, but I'd like to make it a 25% bond allocation. I'm 27% cash, so I don't need to sell equities to buy these bonds. I really don't know much about bonds and could use some tips. In my taxable Vanguard account, I have most of my bonds in VBILX (...
by JimmyJammy
Thu Feb 06, 2014 11:25 am
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Re: Does Principal Distribution from TRUST need to be report

I do like the Second Alternative mentioned in the article that Kevin posted. And I actually just sent the author the article a couple of questions. But maybe somewhere here has an opinion as well: As the trustee of my brother's irrevocable grantor trust, I was pleased to read your "Alternatives...
by JimmyJammy
Thu Feb 06, 2014 10:08 am
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Re: Does Principal Distribution from TRUST need to be report

Wow - didn't realize these alternatives existed. Thanks. Definitely will consider.
by JimmyJammy
Wed Feb 05, 2014 10:26 am
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Re: Does Principal Distribution from TRUST need to be report

And Neurosphere summarized most of my questions well. Thanks for all the replies which clarified things.
by JimmyJammy
Wed Feb 05, 2014 10:15 am
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Re: Does Principal Distribution from TRUST need to be report

Mark wrote: With a "complex" trust, where the trustee has discretion to make distributions, the distribution of both income and principal gets reported on Form 1041, page 2, Schedule B, line 10. (assuming an income tax return is required to be filed) Ok, that's interesting. I'm using this ...
by JimmyJammy
Mon Feb 03, 2014 12:17 am
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Re: Does Principal Distribution from TRUST need to be report

Yes, it's a grantor trust - my brother created it for his own benefit. But he spends all his money which is why I thought I could send him some trust principal to put in it. (Technically I think I can just transfer the funds within Vanguard).
by JimmyJammy
Sun Feb 02, 2014 11:20 pm
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Re: Does Principal Distribution from TRUST need to be report

Thanks - that helps! But I'm still a little unclear about what I should do if I do indeed transfer $5.5K to my brother's IRA (he does have earned income, yes). The trust had *net income* of $340 for the year. So, by making the $5.5K transfer, does that mean I have distributed $340 income and need to...
by JimmyJammy
Sun Feb 02, 2014 9:35 pm
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Re: Does Principal Distribution from TRUST need to be report

My follow-up question is this: I'd like to contribute to my brother's Roth IRA with this trust. So, if I transfer $5K into his Roth IRA from the trust, I can do this. But do I have to count a portion of that transfer (equivalent to income from the trust for the year) as an income distribution? In ot...
by JimmyJammy
Sun Feb 02, 2014 8:55 pm
Forum: Personal Investments
Topic: Does Principal Distribution from TRUST need to be reported?
Replies: 20
Views: 11596

Does Principal Distribution from TRUST need to be reported?

Hi, An irrevocable trust was set up for my brother in 2013. He's the grantor, and I'm the trustee managing it. *Before* anything was invested, I distributed *principal* from the trust to my brother to help him pay for student loans. Now, I'm filling out the 1041 tax form. I've filled in all the capi...
by JimmyJammy
Sun Nov 17, 2013 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best software for tracking assets, incl. TD, with QFX format
Replies: 2
Views: 658

Re: Best software for tracking assets, incl. TD, with QFX fo

I'm on a Mac, left Quicken for iBank and never looked back. It's great. Handles all those files. OFX, QFX, QIF, etc. Check it out. There's a free trial. http://www.iggsoftware.com/ibank/ I usually mainly to track expenses but I track my investments with it as well. But for investments I also use Wik...
by JimmyJammy
Fri Nov 15, 2013 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Already have $3K Capital Loss Carryover, still sell losers?
Replies: 10
Views: 1181

Re: Already have $3K Capital Loss Carryover, still sell lose

Ah - thanks for pointing out this key difference. So, I think I have $5000 of loss carried over from the past. So I can use ALL of this to offset my positive capital gains from this year? That's pretty cool. So if I sold long term investments for this year for a long term gain of $10,000, then I can...
by JimmyJammy
Fri Nov 15, 2013 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: S-Corp Retirement Planning, SEPs, LLCs
Replies: 17
Views: 3102

Re: S-Corp Retirement Planning, SEPs, LLCs

Definitely do a 401K for yourself. $17,500 salary deferral reduction plus 25% of net income on top of that .

ROTH IRA - you're not going to be eligible I assume.
by JimmyJammy
Fri Nov 15, 2013 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Already have $3K Capital Loss Carryover, still sell losers?
Replies: 10
Views: 1181

Already have $3K Capital Loss Carryover, still sell losers?

Hi, I have a couple of individual stocks with losses. And I have quite a bit of capital gains this year. But, I already have at least $3000 in capital loss carryover form last year (the max). So, would it make sense to just hold the stocks I have (in case they go up and they should)? I mean, I alrea...
by JimmyJammy
Fri Nov 15, 2013 12:06 pm
Forum: Personal Investments
Topic: Questions about Roth IRA income limitations
Replies: 16
Views: 1401

Re: Questions about Roth IRA income limitations

Can someone explain what a backdoor Roth is and how to get one?

I fear that the days of putting $5500 or whatever in my Roth IRA are numbered, since my wife's salary keeps increasing. She has a lot of nerve.
by JimmyJammy
Fri Nov 15, 2013 2:27 am
Forum: Personal Investments
Topic: Trying to break my addiction to Individual Stocks
Replies: 7
Views: 1181

Re: Trying to break my addiction to Individual Stocks

That's good to hear that the passive MPT approach has held up in the theoretical portfolios.
It's easy to be lured in by the high yields of all these individual stocks but at the end of the day who am I kidding? I'm not a fund manager let alone a rare fund manager who actually beats the market.
by JimmyJammy
Thu Nov 14, 2013 8:14 pm
Forum: Personal Investments
Topic: Trying to break my addiction to Individual Stocks
Replies: 7
Views: 1181

Re: Trying to break my addiction to Individual Stocks

1. Cancel your outstanding buy orders immediately. No need to dig yourself a deeper hole.
Yes! And I should transfer most of the free-floating cash that's in the individual brokerage and prepare it for transfer into the mutual fund brokerage (Vanguard).
by JimmyJammy
Thu Nov 14, 2013 7:48 pm
Forum: Personal Investments
Topic: Trying to break my addiction to Individual Stocks
Replies: 7
Views: 1181

Trying to break my addiction to Individual Stocks

25% of my assets are in individual stocks, and 19% of my assets are in funds. That's 56% in cash. What I'm trying to do is break my addiction to individual stocks, and get mostly into funds so that I end up with an allocation of 75% equity funds, 15% bonds funds, and 10% cash by 2015. I'm 37 years o...
by JimmyJammy
Thu Nov 14, 2013 6:01 pm
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 185
Views: 43303

Re: VWO seems cheap right now

Runalong, FNDE doesn't seem to have a yield - am I reading that correctly?
by JimmyJammy
Thu Nov 14, 2013 5:56 pm
Forum: Personal Investments
Topic: 42 with $125k cash and mediocre retirements - thoughts?
Replies: 31
Views: 6157

highest yields in retirement funds?

A good discussion here for everyone. So, the rule for allocation is to put your *highest yielding* stuff in the retirement accounts right? Whether they be stock or equity funds. Or, is there a reason one favor a bond fund over a stock/equity fund even if it's yielding less? This post on the wiki def...
by JimmyJammy
Sun Nov 10, 2013 8:46 pm
Forum: Investing - Theory, News & General
Topic: VWO seems cheap right now
Replies: 185
Views: 43303

Re: VWO seems cheap right now

Why not take emotions, timing, and your attention to the market out of the equation? Forget the ETF version of this fund. Buy VEIEX (or VEMAX, the Admiral version) and determine by what date you want to fulfill your desired EM allocation. Should it be, what, 15% of your portfolio in 6 months? Then d...
by JimmyJammy
Tue Nov 05, 2013 10:01 pm
Forum: Personal Investments
Topic: Dividend Paying Stock
Replies: 28
Views: 3573

Re: Dividend Paying Stock

How about stealing stock ideas from the holdings of one of Morningstar's favorite dividend ETFs: VIG To quote M's profile of the fund, " VIG eschews yield-seeking and instead screens for companies that have grown their dividends consistently over the past 10 years and have the ability to sustai...
by JimmyJammy
Tue Nov 05, 2013 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: When NOT to deduct business expenses, for solo 401K purposes
Replies: 10
Views: 3425

Re: When NOT to deduct business expenses, for solo 401K purp

Epsilon Delta - you're wrong, by the way. My dilemma is underpinned by the fact that the contribution to the 401K is reducing my salary. It is a deduction on my income. It's salary deferral. That said, I could elect to make a ROTH 401K contribution, meaning the contribution won't reduce my salary. B...
by JimmyJammy
Tue Nov 05, 2013 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: When NOT to deduct business expenses, for solo 401K purposes
Replies: 10
Views: 3425

Re: When NOT to deduct business expenses, for solo 401K purp

Thanks for your thoughts. Here are some further musings from me: I did call one of Turbo Tax's "tax advisors" - I don't know how qualified they are - and she said "There's nothing wrong with claiming no expenses." Calm Man, I think you illustrate the scenario well. I guess my rea...
by JimmyJammy
Sat Oct 26, 2013 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: When NOT to deduct business expenses, for solo 401K purposes
Replies: 10
Views: 3425

When NOT to deduct business expenses, for solo 401K purposes

I'd like to know if I'm missing something here. It seems, that in my situation, I should not deduct any expenses from my gross business income. Here's the profile: -- I have a solo 401K for my sole proprietor business. Right now it's a side business because I'm getting paid mostly in W2 income from ...