Search found 5970 matches

by David Jay
Wed Sep 30, 2015 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Withdrawal Rules Confusion
Replies: 14
Views: 865

Re: Roth Conversion Withdrawal Rules Confusion

If you have had a Roth (any Roth, not just the conversion amount) open for 5 years, the Roth is qualified at 59 1/2. Any conversion can be withdrawn immediately. As far as the IRS is concerned, you only have one Roth, regardless of the number of trustees (accounts) that you have. So if you don't hav...
by David Jay
Wed Sep 30, 2015 2:29 am
Forum: Investing - Theory, News & General
Topic: Investment advice to my kids
Replies: 15
Views: 2126

Re: Investment advice to my kids

BL wrote:I believe Dr Bernstein wrote this little booklet for his adult children:
http://www.etf.com/docs/IfYouCan.pdf
YES! Attach this .PDF to your email.
by David Jay
Wed Sep 30, 2015 2:16 am
Forum: Investing - Help with Personal Investments
Topic: rebalancing question
Replies: 7
Views: 659

Re: rebalancing question

I do have to say that your instincts are better than 95% of investors:

When the market is down, the 95% are looking for the exit
When the market is down, you are thinking "Sale!"
by David Jay
Wed Sep 30, 2015 2:11 am
Forum: Investing - Help with Personal Investments
Topic: rebalancing question
Replies: 7
Views: 659

Re: rebalancing question

Even in an IRA (i.e. no tax consequences) I would recommend that you write an IPS (Investment policy statement) that includes how you will rebalance, then stick to it. Staying the course is more important than the specifics. In my case, I rebalance twice a year and I have a rebalancing band that pro...
by David Jay
Wed Sep 30, 2015 1:14 am
Forum: Investing - Help with Personal Investments
Topic: REIT allocation: homeowners vs renters
Replies: 6
Views: 961

Re: REIT allocation: homeowners vs renters

I have heard the argument that your home is a "real estate investment" that exposes you to the real estate sector. I tend to disagree as there is nothing liquid about owning a home that you intend to live in for 10 or 20 years. Additionally, REIT funds are almost exclusively commercial properties, s...
by David Jay
Wed Sep 30, 2015 1:05 am
Forum: Investing - Theory, News & General
Topic: Vanguard Partnering with Yodlee
Replies: 153
Views: 29065

Re: Vanguard Partnering with Yodlee

Yea, lots of limitations. So any improvement will be appreciated

I tried to incorporate assets that were not held by a Brokerage on their pull-down list. I just ended up calling it "DWS Scudder" because I knew I would never have an account with them.
by David Jay
Wed Sep 30, 2015 12:53 am
Forum: Investing - Help with Personal Investments
Topic: Selected Value and Energy Fund outlook
Replies: 23
Views: 2643

Re: Selected Value and Energy Fund outlook

More than a few of us here at BH have tried various sector plays over the years. Many of us found out we weren't as smart as we thought we were.

Most of us return to some form of Lazy Portfolio as our base, with perhaps a small-cap and/or value tilt.
by David Jay
Wed Sep 30, 2015 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Should my husband become a US citizen?
Replies: 102
Views: 10054

Re: Should my husband become a US citizen?

No criticism of the OP's original question intended, but the clinical way this question is regarded surprises me. This question is such an emotional decision that is beyond a simple, analytic, cost benefit analysis. Whether it's crossing the Sonoran desert on foot or crossing the Mediterranean on a...
by David Jay
Wed Sep 30, 2015 12:41 am
Forum: Personal Finance (Not Investing)
Topic: I just had to share this milestone!
Replies: 15
Views: 2511

Re: I just had to share this milestone!

Villain: Thanks for sharing. I have read a number of threads where people have stated that this is the only place where they feel comfortable sharing financial goal "makes". In their personal circle they are afraid that others will think they are bragging or simply not appreciate the sustained effor...
by David Jay
Tue Sep 29, 2015 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to state w/o income tax. Make 4th estimated tax payment in 2015?
Replies: 9
Views: 870

Re: Moving to state w/o income tax. Make 4th estimated tax payment in 2015?

Why would you make a 4th quarter estimated tax payment if you are not going to have any income (or perhaps negligible income) in that state in the 4th quarter?

It seems like the estimated tax payments for quarters 1-3 would essentially cover your tax liability in the old state for 2015.
by David Jay
Tue Sep 29, 2015 8:50 pm
Forum: Investing - Theory, News & General
Topic: Want reference for common EXCEL financial functions
Replies: 8
Views: 1167

Re: Want reference for common EXCEL financial functions

LadyGeek wrote:(^^^ livesoft beat me to the post.)

MS Excel has complete list as part of built-in help. Here's the online version: Financial functions (reference) - Office Support
Thanks LG, that list is just what I was looking for, very concise.
by David Jay
Tue Sep 29, 2015 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Building Wealth
Replies: 45
Views: 7724

Re: Building Wealth

Why not try to hit a home run with some extra money while still taking the safe approach with enough. There are people with good incomes out there who, apart from their main full time jobs, develop franchises, grow real estate portfolios, etc. There are also lots of non-profit-making activities you...
by David Jay
Tue Sep 29, 2015 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should my husband become a US citizen?
Replies: 102
Views: 10054

Re: Should my husband become a US citizen?

I often travel internationally for business.

If there was ever any trouble, I would not want to swap my US passport for the passport of any other country.
by David Jay
Tue Sep 29, 2015 7:35 pm
Forum: Investing - Theory, News & General
Topic: Want reference for common EXCEL financial functions
Replies: 8
Views: 1167

Want reference for common EXCEL financial functions

Anybody have a link to a short reference of common Excel financial functions. It seems there is a function for just about everything, I am looking for a link to a web page or some place that has a list and short description. Just looking for the simple stuff that would be used in home finance I am d...
by David Jay
Tue Sep 29, 2015 7:14 pm
Forum: Investing - Theory, News & General
Topic: A financial formula
Replies: 8
Views: 1523

Re: A financial formula

NPER function will be useful, thnx for explanation
by David Jay
Tue Sep 29, 2015 7:04 pm
Forum: Personal Consumer Issues
Topic: Is Toyota going to be the next VW?
Replies: 29
Views: 4476

Re: Is Toyota going to be the next VW?

Class Action Allege Toyota Knew About Excessive Engine Oil Consumption: That's an allegation. Rest assured, Toyota will have a counter position. If this ever makes it to court as a class-action, you will be notified of your options as a class member. You may even still have the car by that time. Do...
by David Jay
Tue Sep 29, 2015 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: how to sell half value of my house to fiance or spouse
Replies: 31
Views: 3724

Re: how to sell half value of my house to fiance or spouse

I know that Michigan is a "community property" state, my wife is automatically my estate beneficiary: no will, no probate.

I am certainly not going to do your 50 state research for you, but it is not uncommon.
by David Jay
Tue Sep 29, 2015 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Frequency of contributions for best return: daily? weekly? monthly?
Replies: 16
Views: 3029

Re: Frequency of contributions for best return: daily? weekly? monthly?

Long term, the market goes up.

The sooner you get in the market, the more growth you get.
by David Jay
Tue Sep 29, 2015 3:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I walk away? (In escrow)
Replies: 23
Views: 3528

Re: Should I walk away? (In escrow)

I agree with Celia. Essentially every existing home will have SOME issues that the inspector will find. If this is the home you want, $5500 is a tiny percentage of the deal. Ask the seller to split the cost. See if they are required by local code to cover the termite treatment. Get the best deal you...
by David Jay
Tue Sep 29, 2015 1:45 am
Forum: Investing - Theory, News & General
Topic: Cost to Fund Retirement
Replies: 26
Views: 4132

Re: Cost to Fund Retirement

I am trying to understand how you take Pfau's excessively conservative 2.1% and assign a 10% chance of failure ? On another thread here: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=174569&p=2638157&hilit=Pfau#p2638157 We see that Pfau's assumptions are not at all Bogle-ish, he assumes a 1%...
by David Jay
Tue Sep 29, 2015 12:05 am
Forum: Investing - Help with Personal Investments
Topic: CFP - Managed Funds vs. Index Funds
Replies: 24
Views: 2365

Re: CFP - Managed Funds vs. Index Funds

^^^ nice signature, Neuro
by David Jay
Mon Sep 28, 2015 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Stinking 401K for < 2 years - Would you contribute?
Replies: 20
Views: 2251

Re: Stinking 401K for < 2 years - Would you contribute?

The only caveat is to check that you will be able to roll out of the stinking 401(k) when you leave that company. I have encountered profit sharing planes where you can't. You'd be stunk with the 1.5% expenses until age 55. I think that by law an employee contribution to a 401K can be rolled over i...
by David Jay
Mon Sep 28, 2015 8:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: Peoria area Bogleheads
Replies: 17
Views: 2734

Re: Peoria area Bogleheads

Mel Lindauer wrote:Peoria-area Bogleheads will certainly be in for a treat. Larry's one smart guy; he's forgotten more than many folks know.
I must be in the running too - I've forgotten gobs of things :wink:
by David Jay
Mon Sep 28, 2015 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Did I do the "right" thing? Roth IRA and 529 plan question
Replies: 4
Views: 570

Re: Did I do the "right" thing? Roth IRA and 529 plan question

I think you are doing great. At this rate you are well on your way to a secure financial future. Can you contribute to a roth for your wife as well? Mike What Mike said. Try not to give up any tax-advantaged space, family income covers both Roth accounts, $11,000 per year. My wife has no "compensat...
by David Jay
Mon Sep 28, 2015 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: I want to borrow against my house to buy land
Replies: 18
Views: 3249

Re: I want to borrow against my house to buy land

First, how important is it to you to have this land? If it is where you will build your dream/retirement home, there is something to be said for your enjoyment. Otherwise we would all be living in 800 square foot apartments in high-rises (after all, what do we really "need"?) If you choose to procee...
by David Jay
Mon Sep 28, 2015 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing help for Grandmother
Replies: 13
Views: 1005

Re: Investing help for Grandmother

60:40 sounds too aggressive. I think something more like 40:60 or 30:70. Remember, she doesn't have 10 or 15 years to recover from a stock market downturn like younger investors. Tax advantaged should be filled with the bond portion of the allocation, as bonds are tax-inefficient. The remainder of t...
by David Jay
Mon Sep 28, 2015 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise to Vanguard Acct - Help w/fund selection
Replies: 4
Views: 519

Re: Ameriprise to Vanguard Acct - Help w/fund selection

^ ^ ^ What Duckie said. Either of these portfolios are great choices. With Portfolio 2, you still need to pick your asset allocation (i.e. 60:40, 50:50) first, then you pick the Target Retirement fund by looking at each TR individually to pick the one (i.e. 2010, 2015, 2020) that matches your desire...
by David Jay
Mon Sep 28, 2015 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Stinking 401K for < 2 years - Would you contribute?
Replies: 20
Views: 2251

Re: Stinking 401K for < 2 years - Would you contribute?

The only caveat is to check that you will be able to roll out of the stinking 401(k) when you leave that company. I have encountered profit sharing planes where you can't. You'd be stunk with the 1.5% expenses until age 55. I think that by law an employee contribution to a 401K can be rolled over i...
by David Jay
Mon Sep 28, 2015 2:16 am
Forum: Investing - Help with Personal Investments
Topic: Moving grandmother's assets to Vanguard, need AA advice
Replies: 9
Views: 1117

Re: Moving grandmother's assets to Vanguard, need AA advice

I agree on the "5 years certain" - it sounds like you are protecting the estate, but in actuality the remaining portfolio (approximately $210,000 after the home sale) will be largely intact in the event of an early passing, so that allows her to provide a nice legacy. If she lives to 100, the extra ...
by David Jay
Mon Sep 28, 2015 12:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 150121

Re: Vanguard sued for charging too little

won the lottery wrote: It is providing services at below market prices. This is not true and just stating this repeatedly does not make it true. I just checked mutualfunddirectory.org, where you can look up the largest US mutual fund companies ranked by AUM. The top 4 are: Blackrock, Vanguard, Stat...
by David Jay
Sun Sep 27, 2015 10:08 pm
Forum: Investing - Theory, News & General
Topic: Rebalance with what after "winning the game"?
Replies: 70
Views: 8766

Re: Rebalance with what after "winning the game"?

Can someone define what "LRP" means? I think it means Least Risk Portfolio , but how is it different than a Liability Matching Portfolio? From the wiki: Abbreviations and Acronyms LMP - Liability Matching Portfolio. A portfolio which produces enough guaranteed income to meet needs, such as an all-T...
by David Jay
Sun Sep 27, 2015 10:06 pm
Forum: Investing - Theory, News & General
Topic: Rebalance with what after "winning the game"?
Replies: 70
Views: 8766

Re: Rebalance with what after "winning the game"?

hoops777 wrote:I remember reading that a portfolio of 20/80 has never lost money over a 2 year period in the history of the market.It was on a reputable site but not certain if it was accurate.
Okay, but are you talking about RP (residual portfolio) or total portfolio? Same question as above.
by David Jay
Sun Sep 27, 2015 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs Paying Off Mortgage
Replies: 19
Views: 2498

Re: Investing vs Paying Off Mortgage

See Paying down loans versus investing on the wiki. After the 401(k) is maxed out, paying down the mortgage is a reasonable move at that mortgage rate. Hi Grabiner. Paying down the mortgage after the Roth IRA and 401K are maxed out seems like a great option since I'm risk-averse. Thanks for the lin...
by David Jay
Sun Sep 27, 2015 9:11 pm
Forum: Investing - Theory, News & General
Topic: Rebalance with what after "winning the game"?
Replies: 70
Views: 8766

Re: Rebalance with what after "winning the game"?

Why continue to take risks with your AA if you have truly won the game? I think we still may have two groups on this thread that are talking past each other: Group 1 -those who are thinking of their assets as a single pool Group 2 - those who are seeing their assets as two pools, LMP and RP (residu...
by David Jay
Sun Sep 27, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Which fund to invest in
Replies: 26
Views: 3187

Re: Which fund to invest in

Phenom: Stay the course. You have made good choices, keep adding to the same funds. They give you excellent diversification. Don't chase yield. The reported yield is the PAST yield, past yield tells you very little about future yield. In fact, the best performing sector in the past is very likely to...
by David Jay
Sun Sep 27, 2015 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor- Help with 401K Plan Investments
Replies: 7
Views: 641

Re: New Investor- Help with 401K Plan Investments

I am thinking I should open a IRA account with Vanguard where I could get way better expense ratios and focus the bulk of my investing there instead of the t I recommended for my 20-401 K. Would love some advice on this strategy? Does your 401k get a match? If so contribute to the 401k up the match...
by David Jay
Sun Sep 27, 2015 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Help me simplify!
Replies: 13
Views: 1284

Re: Help me simplify!

My comment: You have a lot of funds that are 2% - 3% of your portfolio. These funds aren't a large enough percentage to make much impact on your portfolio. And if they can't move-the-needle, why hold them. I would simplify, minimum fund holding: 5% If a fund isn't important enough to your portfolio ...
by David Jay
Sun Sep 27, 2015 6:39 am
Forum: Investing - Help with Personal Investments
Topic: divesting of fossil fuel companies
Replies: 31
Views: 2636

Re: divesting of fossil fuel companies

[OT comment removed by admin LadyGeek]
Over the top, much?
by David Jay
Sun Sep 27, 2015 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review
Replies: 4
Views: 817

Re: Portfolio review

1. If you have minimal profits, then by all means do it now. You can deduct losses if you itemize deductions. Search here on BH for TLH (tax loss harvesting). There have been several threads since the August downturn. 2. yes, use Total Bond in one of your tax advantaged accounts. 3. A lot of the imp...
by David Jay
Fri Sep 25, 2015 2:22 am
Forum: Investing - Theory, News & General
Topic: Is it possible to take on more risk than 100% Equity?
Replies: 38
Views: 3424

Re: Is it possible to take on more risk than 100% Equity?

zaboomafoozarg wrote:Oh yes. If you are leveraged up too much during a large price drop, however, it can be an unpleasant experience.
Bourg:

Check out the linked thread and the link in the "update" in the thread. Wow! You get to vicariously ride through a margin call.
by David Jay
Fri Sep 25, 2015 1:41 am
Forum: Investing - Theory, News & General
Topic: Is it possible to take on more risk than 100% Equity?
Replies: 38
Views: 3424

Re: Is it possible to take on more risk than 100% Equity?

Brings new meaning to the quote attributed to Keynes:

"The market can remain irrational longer than you can remain solvent"
by David Jay
Fri Sep 25, 2015 1:36 am
Forum: Investing - Theory, News & General
Topic: Is it possible to take on more risk than 100% Equity?
Replies: 38
Views: 3424

Re: Is it possible to take on more risk than 100% Equity?

Bernstein in his booklet "Ages of the Investor" actually contemplates this for an early-saver (where yearly contributions are a significant fraction of total portfolio). If I remember, he evaluates either 1.5:1 or 2:1 leveraged equities. That's a wild ride though: a 50% drop in equity prices will co...
by David Jay
Fri Sep 25, 2015 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience with Merrill Lynch DTAQ strategy?
Replies: 14
Views: 2088

Re: Anyone have experience with Merrill Lynch DTAQ strategy?

Cochrane: Welcome to the Boglehead Forums. We seek to be helpful, however it is unlikely that any regular on BH will know of internal strategies by "full-service" brokerage houses. BH types are typically using simple portfolios of passive, low cost funds, purchased through DIY accounts. They avoid ...
by David Jay
Fri Sep 25, 2015 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Withdraw From tIRA and Redeposit Back In
Replies: 5
Views: 707

Re: Withdraw From tIRA and Redeposit Back In

You must have compensation (salary) exceeding the contribution. So if you have no salary you cannot contribute to your IRA - you can't put any money in. You are limited to $6500 per year contribution combined across all styles of IRA for each year. If you have more than $6500 in salary, can put the ...
by David Jay
Thu Sep 24, 2015 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience with Merrill Lynch DTAQ strategy?
Replies: 14
Views: 2088

Re: Anyone have experience with Merrill Lynch DTAQ strategy?

Cochrane: Welcome to the Boglehead Forums. We seek to be helpful, however it is unlikely that any regular on BH will know of internal strategies by "full-service" brokerage houses. BH types are typically using simple portfolios of passive, low cost funds, purchased through DIY accounts. They avoid c...
by David Jay
Thu Sep 24, 2015 8:31 pm
Forum: Investing - Theory, News & General
Topic: Aging and Increased Investing Risk
Replies: 50
Views: 4181

Re: Aging and Increased Investing Risk

The linked article notwithstanding, I'm going to keep listening to Taylor Larimore...

:happy
by David Jay
Thu Sep 24, 2015 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Active Trading & Passive Buy + Hold in same Portfolio
Replies: 4
Views: 462

Re: Active Trading & Passive Buy + Hold in same Portfolio

I do not favor a percentage split. If the broker is consistently under-performing buy-and-hold then eventually he will take from the buy-and-hold allocation to maintain the "active" 50%. How hard can it be to set up a second account? This seems like a "one page" application to me. It also provides ...