Search found 290 matches

by ERMD
Mon Dec 21, 2015 7:48 pm
Forum: Personal Investments
Topic: Do I really need to inform the IRS of backdoor Roth-conversion losses?
Replies: 10
Views: 1334

Re: Do I really need to inform the IRS of backdoor Roth-conversion losses?

Thanks for the great responses guys. The White Coat Investor had mentioned a specific tutorial on documenting the conversion on TT and explained that it was more complicated than the paper and pencil process, but I hadn't tried it yet myself. It seems perhaps it isn't such a big deal. The contributi...
by ERMD
Sun Dec 20, 2015 9:07 pm
Forum: Personal Investments
Topic: Do I really need to inform the IRS of backdoor Roth-conversion losses?
Replies: 10
Views: 1334

Re: Do I really need to inform the IRS of backdoor Roth-conversion losses?

I file via TurboTax. I'm led to believe it's paradoxically a bit more complicated versus if I filed via pencil and snail mail.
by ERMD
Sun Dec 20, 2015 8:30 pm
Forum: Personal Investments
Topic: Do I really need to inform the IRS of backdoor Roth-conversion losses?
Replies: 10
Views: 1334

Do I really need to inform the IRS of backdoor Roth-conversion losses?

Sorry, didn't see this answered elsewhere. Suppose that I: a) contribute 1k to a TIRA, then b) do a Roth conversion a few days later at a minute loss ($999). Do I really need to bother going through the complicated paperwork of reporting the Roth conversion to the IRS when I file my taxes next year ...
by ERMD
Sun Mar 22, 2015 7:46 pm
Forum: Personal Consumer Issues
Topic: Urgent Care Centers - When should they be used?
Replies: 45
Views: 12544

Re: Urgent Care Centers - When should they be used?

as someone who works in both an emergency department and an urgent care center, i will tell you that the simple answer is: if you would go to your primary care doctor for your problem, but can't, go to the urgent care center. otherwise, go to the emergency room. if you aren't sure, err on the side o...
by ERMD
Fri Mar 13, 2015 10:24 pm
Forum: Investing - Theory, News & General
Topic: The financier and the secretary. A true story.
Replies: 39
Views: 9007

Re: The financier and the secretary. A true story.

But I will go even further than that. Should a train hit LeBron James, ANYBODY can beat LeBron James at ANYTHING. That, I think is the fair comparison that is analogous to what happened in this story. no it's not. no one hit richard fuscone with anything. it sounds like he was a big spender and did...
by ERMD
Thu Mar 12, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Wealthy cardholders prefer cash-back rewards
Replies: 33
Views: 5348

Re: Wealthy cardholders prefer cash-back rewards

i used to be a cash back guy until i learned how to optimize miles + points. perfect example: i can fly round trip from new york to london, on delta, first class, for 125,000 points. the full fare in cash would be $10,934. that's almost 9 cents per mile, or the equivalent of 9% cash back. the counte...
by ERMD
Tue Mar 10, 2015 12:44 am
Forum: Personal Consumer Issues
Topic: LED Flood Light Question (CREE/FEIT/Etc)
Replies: 39
Views: 10669

Re: LED Flood Light Question (CREE/FEIT/Etc)

I decked out my entire kitchen with these from Philips. http://smile.amazon.com/dp/B008NNZSI0 Mine are the older version with regular dimming. They have a new version out that is called "Soft White with Warm Glow" that claims to dim the color temperature down, just like a regular bulb. You should c...
by ERMD
Sun Mar 08, 2015 9:12 pm
Forum: Personal Consumer Issues
Topic: LED Flood Light Question (CREE/FEIT/Etc)
Replies: 39
Views: 10669

Re: LED Flood Light Question (CREE/FEIT/Etc)

just replaced all the 65w floods in our living room/kitchen (12 total bulbs) with philips warming glow LEDs. fantastic bulbs, and when they dim, they actually turn a burnt orange color, simulating what incandescents do when dimmed. couldn't be happier. i also looked at CREE and FEIT bulbs. these cos...
by ERMD
Sun Mar 01, 2015 10:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 529 plans
Replies: 4
Views: 1098

Re: Vanguard 529 plans

i use the NY 529 plans, which are Vanguard funds. i don't use their pseudo target date funds, but rather, am simply split 50:50 large cap value:small cap blend. i'll manually add bonds in 5 or 10 years depending on the market. not too worried about interest rates. re: fees, the NY 529 plans have an ...
by ERMD
Wed Feb 25, 2015 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 17093

Re: physicians

it definitely depends what field you're in. emergency medicine is more of a lifestyle specialty than, say, a large-volume hospitalist. 3-4 days off per week gives you some time to regularly decompress and feel like a normal human being again. that being said, i should point out the following: those ...
by ERMD
Tue Feb 24, 2015 2:08 pm
Forum: Investing - Theory, News & General
Topic: Active managers outperform the index by 0.12% before fees?
Replies: 22
Views: 2810

Re: Do most active managers outperform index before expense?

It's not Sharpe's math, it's basic math. The Total Market index fund will capture the average return. An average means half are higher, half are lower. So it's 50% for that reason :happy 100 + 100 + 100 + 100 + 1 = 401 average = 80.2 only 1 "underperformed" the average. this is the difference betwe...
by ERMD
Tue Feb 17, 2015 2:31 pm
Forum: Personal Investments
Topic: 529 Math fun and slightly broader discussion
Replies: 13
Views: 1994

Re: 529 Math fun and slightly broader discussion

1) if college tuition keeps up the preposterous ~6% increase per year until 2035, 200k is about what you'll need (on average). i'm aiming to put 125k in ours. 2) i assume 5% in all of my projections. in that case, to truly derail my financial planning, it would take <3% long-term returns, which i th...
by ERMD
Sat Feb 14, 2015 10:55 am
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 7198

Re: Shouldn't bond fund holders celebrate if rates go up?

arcticpineapplecorp. wrote:
Image
when i look at this chart, i see: a pretty tropical island.

this concludes my understanding of bond index investing.
by ERMD
Fri Feb 13, 2015 5:38 pm
Forum: Personal Investments
Topic: Rooting for stock to go down to sell?
Replies: 22
Views: 2498

Re: Rooting for stock to go down to sell?

rooting for a stock to go down so you can sell and tax loss harvest is like rooting for someone to hit you on the head with a hammer, because it's going to feel so good when the pain starts to go away.
by ERMD
Thu Feb 12, 2015 3:04 am
Forum: Personal Investments
Topic: small value tilt: duplicating TSM holdings?
Replies: 5
Views: 890

Re: small value tilt: duplicating TSM holdings?

i figured as much. i was just wondering if anyone would say: Oh my god, you're holding Rite Aid and Goodyear in two different funds, that's so inefficient, fund duplication is bad, etc.
by ERMD
Wed Feb 11, 2015 11:19 pm
Forum: Personal Investments
Topic: small value tilt: duplicating TSM holdings?
Replies: 5
Views: 890

small value tilt: duplicating TSM holdings?

quick question re: small value tilting for a Roth account i'll be setting up with Vanguard. if i wanted to keep my small value tilt simple and hold, say, 70:30 VTSMX:VISVX, would i be duplicating my holdings unnecessarily? (VTSMX does contain ~3% small cap value.) or do people who want to tilt opt t...
by ERMD
Tue Feb 10, 2015 4:29 pm
Forum: Personal Investments
Topic: can someone explain the reasoning behind SEPP?
Replies: 10
Views: 1417

Re: can someone explain the reasoning behind SEPP?

excellent points. i had never thought about a rollover/partition for the SEPP portion. thanks!
by ERMD
Tue Feb 10, 2015 3:31 am
Forum: Personal Consumer Issues
Topic: Samsung Strikes Again .. Ad Injection
Replies: 17
Views: 1129

Re: Careful what you say around your Samsung Smart TV!

kenschmidt wrote:Open the pod bay doors, HAL.

I feel sorry for my TV if it has to listen to my teenage sons all day long.
i'm afraid i can't change the channel, dave. there's a new episode of the bachelor coming up next.
by ERMD
Tue Feb 10, 2015 3:27 am
Forum: Investing - Theory, News & General
Topic: Bill Gross majority shareholder in his own fund?
Replies: 20
Views: 2165

Re: Bill Gross majority shareholder in his own fund?

Personally, I think it's a bit odd. I mean, there's still a nonzero probability that the fund suffers big losses. In that case Gross will 'lose' both his job and part of his savings. Underdiversification, not really exemplary of good portfolio management. He is 71, with a net worth of $2.3B. I don'...
by ERMD
Tue Feb 10, 2015 3:23 am
Forum: Personal Investments
Topic: can someone explain the reasoning behind SEPP?
Replies: 10
Views: 1417

can someone explain the reasoning behind SEPP?

this might be a stupid question (they usually are) -- what exactly is the reasoning behind requiring early retirees to take 72t distributions if they don't want to be penalized on the withdrawals? is the IRS purely looking out for my best interests, and trying to ensure that i don't blow my retireme...
by ERMD
Mon Feb 09, 2015 3:33 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross majority shareholder in his own fund?
Replies: 20
Views: 2165

Re: Bill Gross majority shareholder in his own fund?

sores wrote:Underdiversification, not really exemplary of good portfolio management.
i thought that at first, although i also have a sizable chunk of my assets in a single total bond fund (along with the majority of this board, probably).
by ERMD
Mon Feb 09, 2015 1:13 pm
Forum: Personal Consumer Issues
Topic: Samsung Strikes Again .. Ad Injection
Replies: 17
Views: 1129

Careful what you say around your Samsung Smart TV!

it was only a matter of time: http://money.cnn.com/2015/02/09/technol ... index.html

i guess you shouldn't talk about your social security number or bank accounts on the couch!
by ERMD
Mon Feb 09, 2015 1:02 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross majority shareholder in his own fund?
Replies: 20
Views: 2165

Re: Bill Gross majority shareholder in his own fund?

not sure how you read my post as a complaint. it was just an observation of a manager owning a 3/4 billion dollar majority position in his own fund. how many other instances of that can you come up with? the conflict i can think of, off the top of my head, is that perhaps he'd be more likely to be e...
by ERMD
Mon Feb 09, 2015 12:49 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross majority shareholder in his own fund?
Replies: 20
Views: 2165

Bill Gross majority shareholder in his own fund?

saw this today: http://www.marketwatch.com/story/sec-filing-shows-bill-gross-owns-51-of-janus-fund-he-runs-2015-02-06?siteid=yhoof2 did a quick search and haven't seen anyone mention it yet. this seems really odd to me. wouldn't this cloud his judgement in certain respects? a third of his net worth ...
by ERMD
Tue Feb 03, 2015 7:50 am
Forum: Investing - Theory, News & General
Topic: Shiller: "Become a smart beta person"
Replies: 20
Views: 3797

Re: Shiller: "Become a smart beta person"

i think prison of the zeitgeist was metallica's 2nd album.
by ERMD
Fri Jan 30, 2015 12:41 am
Forum: Investing - Theory, News & General
Topic: The missing value premium- a 10 year global lookback
Replies: 57
Views: 5808

Re: The missing value premium- a 10 year global lookback

Faith implies you think it is all a gamble or is rigged. i don't think this is accurate. faith is a belief in something without requiring (or being able to) objectively prove it so. hardcore bogleheads have faith in the continued relative prosperity of the US economy over the next (25/50/100?) year...
by ERMD
Wed Jan 28, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: why is the Starwoods Preferred Guest AMEX worth the fee?
Replies: 5
Views: 1113

Re: why is the Starwoods Preferred Guest AMEX worth the fee?

I don't know why you would keep the Southwest Premier card. $99 for 6k points that are worth at most $86? You can use them with a Companion Pass, but to get higher value from that, you have to use up 110k of other miles up first. 99 fee - 86 bonus = ~13 dollar annual fee to a) keep your points from...
by ERMD
Wed Jan 28, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: why is the Starwoods Preferred Guest AMEX worth the fee?
Replies: 5
Views: 1113

why is the Starwoods Preferred Guest AMEX worth the fee?

i'm into churning credit cards and recently got the SPG AMEX, currently working towards the 25k bonus. i love SPG hotels and value the 25k bonus at something around $500. that being said, once the first year is up and it's time to pay the fee, why would i? why did you? the other cards i'm holding pa...
by ERMD
Wed Jan 28, 2015 7:14 pm
Forum: Investing - Theory, News & General
Topic: for international: benefit of holding large caps?
Replies: 3
Views: 408

for international: benefit of holding large caps?

separate from the discussions about whether one should hold international at all, or what percentage you hold: do people think there's a benefit of holding international large caps (i.e. FTSE ex-US index) if that's the only investment option in your retirement account? it seems like having at least ...
by ERMD
Wed Jan 28, 2015 12:40 pm
Forum: Personal Investments
Topic: Play money- what is your process?
Replies: 68
Views: 7716

Re: Play money- what is your process?

At less than 1% of investments - it has no impact on your overall investment returns or any impact on portfolio diversification. I don't see any material benefit for the effort . again, this misses the point. the point is the effort, or rather, that it isn't effort. it's not done for diversificatio...
by ERMD
Wed Jan 28, 2015 9:16 am
Forum: Personal Investments
Topic: Play money- what is your process?
Replies: 68
Views: 7716

Re: Play money- what is your process?

Why would someone follow a non-optimal investment strategy? Just because they chose to call certain funds "Play money"? That's the problem with strategies. You only know if they were optimal in the rear-view mirror. The optimal strategy might not be the BH-community approved strategy. Then, why onl...
by ERMD
Tue Jan 27, 2015 9:15 pm
Forum: Investing - Theory, News & General
Topic: data mining vs. historical performance
Replies: 39
Views: 3088

Re: data mining vs. historical performance

lack_ey wrote:I agree that there is some group think
that's why it's "bogleheads.org", not "diversegroupofinvesters.net". :happy
by ERMD
Tue Jan 27, 2015 5:02 pm
Forum: Investing - Theory, News & General
Topic: Mr. Bogle on CNBC today--International and Bonds
Replies: 50
Views: 9190

Re: Mr. Bogle on CNBC today--International and Bonds

"vituperation"
double letter score
triple word score
99 points
by ERMD
Tue Jan 27, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: data mining vs. historical performance
Replies: 39
Views: 3088

Re: data mining vs. historical performance

Being that none of us have any clue as to where the market is headed, how can we toss aside any past market performance data? If I uncover any past data that includes reasonable time periods as well as reasonable asset classes, how can it be called data mining? there really are two issues, as noted...
by ERMD
Tue Jan 27, 2015 5:13 am
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

also, unless i'm mistaken, based on small cap returns in the first half of the last century, the larry portfolio would have limped behind TSM for the majority of 1925-1960. Yes, you're mistaken. According to French's data (since 1927), small and mid value beats TSM by wide margins in every decade e...
by ERMD
Tue Jan 27, 2015 3:47 am
Forum: Investing - Theory, News & General
Topic: 60/40 returns with 0 downside: the Ultimate Larry Portfolio
Replies: 16
Views: 3817

Re: 60/40 returns with 0 downside: the Ultimate Larry Portfo

i'm not sure why you duplicated the previous thread on the same subject ( http://www.bogleheads.org/forum/viewtopic.php?f=10&t=156456 , but i'll say now what i said then: i'll do you guys one better: 1971-2013 portfolio 1 start: $10,000, end $637,428, sharpe 0.74 portfolio 2 start: $10,000, end $1,3...
by ERMD
Mon Jan 26, 2015 12:41 pm
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

also, unless i'm mistaken, based on small cap returns in the first half of the last century, the larry portfolio would have limped behind TSM for the majority of 1925-1960.
by ERMD
Mon Jan 26, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

i'll do you guys one better: 1971-2013 portfolio 1 start: $10,000, end $637,428, sharpe 0.74 portfolio 2 start: $10,000, end $1,322,993, sharpe 0.70 portfolio 1 is the larry portfolio. let's call portfolio 2 the ERMD magic money fund: 40% small caps, 20% gold, 20% total bond market, 10% emerging mar...
by ERMD
Mon Jan 26, 2015 8:47 am
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

If the premia are in line with the past.. The biggest mistake investors make is looking backward at performance and thinking it’ll recur in the future . I mentioned earlier the concept of reversion to the mean (in “Achieving Greater Long-Term Wealth Through Index Funds,” AAII Journal, June 2014); i...
by ERMD
Sun Jan 25, 2015 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 18799

Re: Success stories of NOT buying more/too much house

W When it comes to success stories, Warren Buffett has been asked why he doesn't have a house that many billionaires have and his standard answer is that he's happy there and he's cool in the summer and warm in the winter. good point.. Buffett is just about the best example you can cite for this th...
by ERMD
Sun Jan 25, 2015 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Locating deceased person's assets
Replies: 33
Views: 3378

Re: Poll: Locating deceased person's assets

i'd like my heirs to have to assemble the staff of Ra, take it to the map room at Tanis, and use the light from the setting sun to locate the Well of Souls, where they'll find both the Ark of the Covenant and my 403b statements. my 403b statements, incidentally, will also cause their faces to melt.
by ERMD
Sun Jan 25, 2015 10:33 pm
Forum: Personal Investments
Topic: 457 Investment Choices
Replies: 7
Views: 1092

Re: 457 Investment Choices

TRP 20XX. but that is one steep pile of turds.
by ERMD
Sun Jan 25, 2015 11:06 am
Forum: Personal Investments
Topic: Separate AA for 529 funds?
Replies: 10
Views: 888

Re: Separate AA for 529 funds?

GoldenFinch wrote:We are much more aggressive in our 529's than we are otherwise. So yes I guess we have a different AA. Whether that is a wise approach or not remains to be seen. :happy
would you mind giving an example of your aggressive 529 AA?
by ERMD
Sat Jan 24, 2015 11:30 pm
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

you've got a point, although over the last three years (or even the last decade) the risk adjusted returns were clearly not in favor of DFSVX. so i'm not sure how you would know, prospectively, to ride DFSVX over, say, SPVBX over the last 15 years. i guess the point is, while it's reasonable to expe...
by ERMD
Sat Jan 24, 2015 11:11 pm
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

p.s. -- DFSVX has a sharpe ratio of 1.49, versus 2.02 for VTSMX. my amateurish intepretation tells me that it's the opposite of reduced risk for similar return.
by ERMD
Sat Jan 24, 2015 10:56 pm
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

Since the primary goal of the portfolio is to reduce equity risk and maintain a similar return on assets.. does not exist. never has , and never will. Very convincing! DFSVX since inception vs Total Stock Market: http://i59.tinypic.com/2zq6lmu.png Who knows what the future holds, but it clearly was...
by ERMD
Sat Jan 24, 2015 10:04 pm
Forum: Investing - Theory, News & General
Topic: Focused Larry Portfolio
Replies: 33
Views: 4641

Re: Focused Larry Portfolio

gtwhitegold wrote:Since the primary goal of the portfolio is to reduce equity risk and maintain a similar return on assets..
does not exist. never has, and never will.
by ERMD
Sat Jan 24, 2015 9:39 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 909
Views: 171450

Re: Boglehead Beer

Curious about bogleheads' use and view of growlers for their beers. I'm a big fan and typically buy 1 per week (and look for area sales, daily). Lots of good beer out there to appreciate! growlers are tough. you have a lot of beer to drink and the clock is ticking. you need a least two willing part...
by ERMD
Sat Jan 24, 2015 5:46 pm
Forum: Personal Investments
Topic: Separate AA for 529 funds?
Replies: 10
Views: 888

Re: Separate AA for 529 funds?

Typically, your child will be going to college before you retire. In that case, I would select an age based allocation plan that becomes progressively more conservative as your child approaches college age. You can slice and dice if you wish, however the enemy of a good plan is the dream of a bette...
by ERMD
Sat Jan 24, 2015 4:23 pm
Forum: Personal Investments
Topic: Separate AA for 529 funds?
Replies: 10
Views: 888

Separate AA for 529 funds?

For 529 funders, do you use a separate AA for that account? We're 75/25 stocks/bonds (34 and 32 years old), and so I just reflexively picked the NY529 "Growth" portfolio: Vanguard® Institutional Total Stock Market Index Fund 75% Vanguard® Total Bond Market II Index Fund 25% But there are lots of oth...