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by livesoft
Thu Oct 12, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1798

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

Thanks We are Texans and have barely skied (tried 2-3 times) :mrgreen: Perfect. A 10-day ski vacation with lessons every morning will get your kids going for the rest of their lives. After all, Texans go to Colorado all the time to ski. It been the college de rigueur trip for decades and still is. ...
by livesoft
Thu Oct 12, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1798

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

Just go skiing: Downhill or Cross-country or both. I recommend Austria, but there are hundreds if not thousands of places. Just book a package for at least a week so that you can become a black diamond skier if you are not already. Something like this: http://www.skiresort.info/ski-resort/bad-kleink...
by livesoft
Thu Oct 12, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the Most Tax-Efficient Method to Increase Your Cash Position?
Replies: 34
Views: 2281

Re: Which is the Most Tax-Efficient Method to Increase Your Cash Position?

Grt2bOutdoors gave information about tax brackets. The unanswered part might have been "How did you know that selling $15K to $20K of something would realize only $7K of long-term capital gains?" The answer is: I don't know. YOU have to figure out what to sell that would give you $15K to $20K of cas...
by livesoft
Thu Oct 12, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3532

Re: 100% invested, all in, no cash- how do you do it?

We have an asset allocation of about 60% equities and 40% bond funds. And no cash. If we need to buy more equities, we simply exchange from our bond funds to our stock funds. Simple. Bond funds are up about 3.5% so far this year which is a much higher return than cash. I was having a feeling that y...
by livesoft
Thu Oct 12, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6269

Re: Buy when there's blood in the streets!

Isn't this just market timing? What quantitative measures can we use to measure "the financial blood" in the streets? What quantitative measures can we use to measure when "the financial blood" will stop hemorrhaging. I buy whenever I get paid regardless of whatever color the streets are. We need a...
by livesoft
Wed Oct 11, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3532

Re: 100% invested, all in, no cash- how do you do it?

freckles01 wrote:
Wed Oct 11, 2017 9:39 pm
does it matter ( re selling) if its a mutual fund vs etf?
Not to me.

I showed screen captures of "lots" in this thread of mutual fund share sales:
viewtopic.php?t=179414
by livesoft
Wed Oct 11, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3532

Re: 100% invested, all in, no cash- how do you do it?

I sell parts of lot(s) that cost me the least taxes and preserve the most previously harvested losses. My brokerage accounts show the information needed to make a decision pretty clearly. That is, highest cost basis. And actually, I have enough carryover losses that I don't pay taxes on these trades...
by livesoft
Wed Oct 11, 2017 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3532

Re: 100% invested, all in, no cash- how do you do it?

We have an asset allocation of about 60% equities and 40% bond funds. And no cash. If we need to buy more equities, we simply exchange from our bond funds to our stock funds. Simple. Bond funds are up about 3.5% so far this year which is a much higher return than cash. if you don't mind further det...
by livesoft
Wed Oct 11, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: China visa service recommendations
Replies: 5
Views: 358

Re: China visa service recommendations

I just got another Chinese visa, L is multi-entry 10-year. I can't help with a service as I did it in person. I can help with documentation, but the Houston Chinese Consulate has pretty outstanding documentation of what you need on its web site. I had everything ready to go and took only about a min...
by livesoft
Wed Oct 11, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the Most Tax-Efficient Method to Increase Your Cash Position?
Replies: 34
Views: 2281

Re: Which is the Most Tax-Efficient Method to Increase Your Cash Position?

It is unlikely that you have lots that have losses since the stock market is pretty much at all-time highs, but if you have lots with losses, then you are not too late to tax-loss harvest for 2017.

Yes, selling to realize gains will affect your NYS/NYC taxes.
by livesoft
Wed Oct 11, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the Most Tax-Efficient Method to Increase Your Cash Position?
Replies: 34
Views: 2281

Re: Which is the Most Tax-Efficient Method to Increase Your Cash Position?

Line 43 on form 1040 states that my taxable income is $30,978. My marginal tax bracket is 25% My LifeStrategy fund has only about 6k, but my other 2 accounts have almost 200k. Not sure what my unrealized capital gains are, but they are long-term (more than 1 year). Forgive my ignorance, but what is...
by livesoft
Wed Oct 11, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Canceling Fidelity Portfolio Advisory Service
Replies: 27
Views: 1971

Re: Advice on Canceling Fidelity Portfolio Advisory Service

An example of a benchmark fund of index funds would be the Vanguard Target Retirement 2025 fund VTTVX which is about 64% equities and 36% bonds. It has a performance of 12.5% through yesterday. One could use the separate funds and be quite tax-efficient with this. That is, one could avoid some of th...
by livesoft
Wed Oct 11, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3532

Re: 100% invested, all in, no cash- how do you do it?

^Well, can you let me have only cash turds in my investing accounts where a turd is defined as less than the value of 1 share of the cheapest ETF from Vanguard? I think that's less than $40 per account.
by livesoft
Wed Oct 11, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Which is the Most Tax-Efficient Method to Increase Your Cash Position?
Replies: 34
Views: 2281

Re: Which is the Most Tax-Efficient Method to Increase Your Cash Position?

What is your marginal income tax bracket? Or what is your taxable income shown on Form 1040 Line 43? I assume you are itemizing deductions and filing single. What is the amount of your LifeStrategy fund in dollars and what are the unrealized capital gains? Are they long-term? Have you set the cost b...
by livesoft
Wed Oct 11, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3532

Re: 100% invested, all in, no cash- how do you do it?

We have an asset allocation of about 60% equities and 40% bond funds. And no cash. If we need to buy more equities, we simply exchange from our bond funds to our stock funds. Simple. Bond funds are up about 3.5% so far this year which is a much higher return than cash.
by livesoft
Wed Oct 11, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Balancing vs. Momentum Investing:
Replies: 4
Views: 364

Re: Balancing vs. Momentum Investing:

One can do anything they want with rebalancing. If you have rebalancing bands of plus-or-minus 7%, then 67/33 could be OK. Or maybe you have bands of plus-or-minus 5%, and 67/33 means rebalance, but only to the top of the band, namely 65/35. Or maybe you maybe you have a rule that says go down to 65...
by livesoft
Wed Oct 11, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3936

Re: Protecting against the possibility of a correction?

Maybe a good way to protect against the possibility of a correction is to make gains of 25% with your investments before the correction happens?
by livesoft
Wed Oct 11, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: DFA and the additional return achieved for advisor sales pitch
Replies: 3
Views: 554

Re: DFA and the additional return achieved for advisor sales pitch

Did you see the two threads on DIY vs DFA that were active in the past 2 weeks?

Here is one of them: viewtopic.php?t=229085
by livesoft
Wed Oct 11, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Financial Planners and Negotiations
Replies: 8
Views: 832

Re: Financial Planners and Negotiations

I always assume everything is negotiable. If you have something to offer, then by all means negotiate. If they say No negotiating, then you know.

I wouldn't take what anybody says on the internet as fact without confirming for myself.
by livesoft
Wed Oct 11, 2017 10:06 am
Forum: Investing - Theory, News & General
Topic: Growth rate over the next 10-20 years
Replies: 6
Views: 742

Re: Growth rate over the next 10-20 years

0% is used by the Fidelity planner.
by livesoft
Wed Oct 11, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: Vanguard bond ETF/funds
Replies: 21
Views: 1195

Re: Vanguard bond ETF/funds

oh also, it was mentioned some people may not like ETF's because you might not buy at a fair price? with Mutual Funds, you have no idea what the price will be, so is that fair also? Many people have anxieties about pricing and money in general. So if there is only one single end-of-day price they b...
by livesoft
Wed Oct 11, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: I'd like to purchase a good non slide dashboard mount....
Replies: 4
Views: 404

Re: I'd like to purchase a good non slide dashboard mount....

youtube.com shows many many many of them. Did you check out all the videos? Which one do you think is best after watching them?
by livesoft
Wed Oct 11, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard bond ETF/funds
Replies: 21
Views: 1195

Re: Vanguard bond ETF/funds

I own both bond ETFs and bond mutual funds. ETFs are as liquid as mutual funds, but that doesn't mean you always get a fair price for a bond ETF. There have been some stock market glitches when pricing has been funky to the downside (so far never to the upside), so if you are a buyer, then this is g...
by livesoft
Wed Oct 11, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6573

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

^As I read that passage what came to mind was "This is Nassim Taleb describing himself to a tee."
by livesoft
Wed Oct 11, 2017 7:47 am
Forum: Investing - Theory, News & General
Topic: Cash on the sidelines impact ?
Replies: 14
Views: 1478

Re: Cash on the sidelines impact ?

C'mon! Do you read everything you believe? Some people do. Others believe everything they read. Many people are deathly afraid of investing in stock markets and they will not move their cash no matter what. That is, there is ALWAYS plenty of cash sitting on the sidelines. Always. So I think it means...
by livesoft
Wed Oct 11, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Cyber Security (or lack of) for Mutual Funds
Replies: 20
Views: 1495

Re: Cyber Security (or lack of) for Mutual Funds

I think the laws of the US and the courts will help you out. It may take a while and I suppose the mutual fund company could declare bankruptcy, but I imagine only state actors would be able to take out a large mutual fund company and that would lead to war.
by livesoft
Wed Oct 11, 2017 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital advisor service
Replies: 4
Views: 422

Re: Personal Capital advisor service

Here is the latest other thread on the subject from October 5:
viewtopic.php?t=229102
by livesoft
Wed Oct 11, 2017 6:41 am
Forum: Investing - Help with Personal Investments
Topic: creating low cost AA from 401k choices
Replies: 10
Views: 907

Re: creating low cost AA from 401k choices

Although he is 49 today, if he is 50 by year end, then his 401(k) contribution limit is $24,000 annually. So for 2018, he will surely be able to contribute $24,000 to his 401(k) if he wants to. And all that doesn't include employer contribution.
by livesoft
Wed Oct 11, 2017 5:27 am
Forum: Personal Finance (Not Investing)
Topic: What specific changes have you made post-Equifax?
Replies: 51
Views: 3727

Re: What specific changes have you made post-Equifax?

Speaking of tax returns ... we filed our 2016 tax return last week, so I guess that's something we did post-Equifax. We filed last week not because of concern about theft, but because the deadline is coming up. And our refund has already been deposited into our checking account, too. It seems that t...
by livesoft
Wed Oct 11, 2017 4:39 am
Forum: Personal Finance (Not Investing)
Topic: frequent trading
Replies: 7
Views: 726

Re: frequent trading

It does not apply across financial institutions. Nor does it apply across accounts at the same financial institution.

Anyways, just try it and see what happens.

Also read this: https://www.bogleheads.org/wiki/Frequent_trading_policy

Basically, it's a joke really.
by livesoft
Tue Oct 10, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Canceling Fidelity Portfolio Advisory Service
Replies: 27
Views: 1971

Re: Advice on Canceling Fidelity Portfolio Advisory Service

12% YTD return is quite respectable for a portfolio with 40% bonds in it. What percentage of your portfolio is in bond funds?

Nevertheless, you should ditch this service and simplify the portfolio now before it gets any larger.
by livesoft
Tue Oct 10, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: Tax Question
Replies: 19
Views: 913

Re: Tax Question

Step-by-step? You are kidding, right? I can say this: Go to Vanguard.com and do it tonight. It is about as easy as blowing your nose.

See also: viewtopic.php?t=179414
by livesoft
Tue Oct 10, 2017 6:32 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6573

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

It is hush hush when they send out the consultation with experts. Those consulted are not supposed to divulge that information with others. Well, of course. People on review committees of all types are supposed to keep things confidential. Now I have some great stories that I can only tell over lun...
by livesoft
Tue Oct 10, 2017 6:17 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6573

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

I wasn't referring to Victoria's post, but rather livesoft's post about lobbying. BobK I stand by my comment about lobbying. I know several Nobel Laureates personally and have known some of them before they became Laureates. One's Laureate friends can do wonders for one's nomination. I also disagre...
by livesoft
Tue Oct 10, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Retirement Portfolio Help
Replies: 5
Views: 605

Re: Personal Retirement Portfolio Help

I would not recommend buying individual stocks at all, so on Aflac, no. Sell it. You got killed on REIT funds this year, too. I think it is always good to start with the 3-fund portfolio for a few years before doing anything else. https://www.bogleheads.org/wiki/Three-fund_portfolio Vanguard Target ...
by livesoft
Tue Oct 10, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 2615

Re: Cheapest thing you ever heard of to save money

KlingKlang wrote:
Tue Oct 10, 2017 4:35 pm
My father would park his car on the street and honk the horn for me to run out and push it up the driveway by hand in order to save gas. The neighbors would come out to watch.
I think he did that to make fun of you. "Look what my kid will do for me!"
by livesoft
Tue Oct 10, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: October 9, 2017 Dow up 69 + points
Replies: 4
Views: 795

Re: October 9, 2017 Dow up 69 + points

My Total Stock Market Index is up today (October 10, 2017). Maybe you bought yours from Ted's Discount Ripoff Brokerage?

I don't know why the DJIA was up today.
by livesoft
Tue Oct 10, 2017 3:39 pm
Forum: Investing - Theory, News & General
Topic: Tax Question
Replies: 19
Views: 913

Re: Tax Question

And one more time: Spec ID is no longer time consuming nor complicated. Average Cost is more time consuming and complicated if one has to calculate it themselves. (we can ask Toons if they ever calculated Average Cost themselves?) In the old days, Vanguard would calculate Average Cost for you, so th...
by livesoft
Tue Oct 10, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Tax Question
Replies: 19
Views: 913

Re: Tax Question

^That's a nice run-down given in the Vanguard link, but if the taxpayer does not have any shares purchased before 2012 at Vanguard, then they will have no non-covered shares which means nothing is difficult nor hard about Specific Identification. That is, most of the link does not apply and the link...
by livesoft
Tue Oct 10, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13771

Re: [Boglehead vs Mr Money Mustache philosophies]

BogleFanGal wrote:
Tue Oct 10, 2017 11:03 am
It also seems more people on BH are cautious, pessimistic...worriers - however one labels it...
Maybe not when weighted by post-count?
by livesoft
Tue Oct 10, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: Tax Question
Replies: 19
Views: 913

Re: Tax Question

There are so many more advantages to Specific Identification over Average Cost that I cannot list them here. Basically, it will eventually save you money on taxes.

I'd like to know what you read that gave you what I think is erroneous information.
by livesoft
Tue Oct 10, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: Tax Question
Replies: 19
Views: 913

Re: Tax Question

You can also set your Cost Basis Method to Specific Identification.
by livesoft
Tue Oct 10, 2017 2:09 pm
Forum: Investing - Theory, News & General
Topic: Tax Question
Replies: 19
Views: 913

Re: Tax Question

How is a taxable account taxed? Pretty much like a taxable savings account is taxed. Do you have an emergency fund? If so, does it earn any interest? If it gets interest, how do you pay taxes on that interest? A mutual fund in a taxable account will generally pay some dividends which are like intere...
by livesoft
Tue Oct 10, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6573

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

^This is easy to understand when you know how potential Laureates are nominated and which people are allowed to lobby for candidates. It is also helpful to be a really nice person that hasn't pissed off their colleagues.
by livesoft
Tue Oct 10, 2017 1:12 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 169
Views: 9224

Re: Buy on Really Bad Days, Sell on Really Good Days?

Another question to answer is: When should one exchange DGS back into BND? I will give a partial answer: One should probably wait until at least next week when the Korean Stock Exchange opens again after a week-long holiday. And today is the first day since September for the Korean stock exchange t...
by livesoft
Tue Oct 10, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: 12 things you can learn from Richard Thaler
Replies: 6
Views: 807

Re: 12 things you can learn from Richard Thaler

My comment is that the article is not well written. I would go elsewhere to find out more about the subject matter.
by livesoft
Tue Oct 10, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: reliable investment calculator with dividends reinvested
Replies: 7
Views: 596

Re: reliable investment calculator with dividends reinvested

I don't know of any calculator that can predict the future of investments like ETFs or mutual funds.

Morningstar.com has a "Chart" feature which does some of what you might want to do for the past if you learn how to wrangle it:
https://www.bogleheads.org/wiki/How_to_ ... wth_charts
by livesoft
Tue Oct 10, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in taxable accounts?
Replies: 8
Views: 843

Re: Bonds in taxable accounts?

You can calculate the "how bad" for yourself. First, look at your Form 1040 Schedule B. How much interest and dividends appear on that form? You have that State Farm balanced fund in there. In 2016, you were in the 28% marginal income tax bracket, so you can take 28% of what is on your Schedule B an...