Search found 61594 matches

by livesoft
Sat Sep 20, 2008 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Am I ineligible for a Roth IRA?
Replies: 17
Views: 3423

It is easy for very young children to have earned income. Classic examples are when a lawyer, doctor, dentist, car salesman or mattress salesman have their children in TV commercials with them. Check it out: the kids really have no function in selling hand surgery, but they get that paycheck for bei...
by livesoft
Sat Sep 20, 2008 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 67
Views: 12184

The losses bigger than $3K in a year will be a line on your Form 1040 Schedule D. So you copy that line to the proper line in your next year's Form 1040 Schedule D. Your tax software will do this for you. That's how you keep track of it. Your idea to pay 0% cap gains tax by realizing a LT cap gains ...
by livesoft
Sat Sep 20, 2008 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Middle Age and getting serious about investing need help
Replies: 14
Views: 3958

I like the idea of using a Roth IRA so any withdrawals in retirement would be tax free. Even if I am in the same tax bracket as I am now. We will be on a fixed income and paying fewer taxes seems like a good idea. David This is probably a mistake that many people make. There is a big difference bet...
by livesoft
Sat Sep 20, 2008 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Is it a Good Time to Move into TIPS?
Replies: 3
Views: 1490

When I look at my crystal ball -- actually the Fed chart here -- I would so no, not yet. Wait until the blue line goes above 2% or even 2.5%.

FWIW, here are the YTD (9/19/2008) returns of two Vanguard bond funds:
VIPSX, TIPS fund: 3.67%
VFIIX, GNMA fund: 3.86%
by livesoft
Sat Sep 20, 2008 8:23 am
Forum: Personal Finance (Not Investing)
Topic: My father's retirement, property deeds
Replies: 13
Views: 2462

My father inherited it from his father, so I guess my father's cost basis would be what it was worth upon my grandfather's passing? Yes. Inheriting gets a stepped-up cost basis. Gifting does not (so what rwwoods wrote about the cost basis is not quite correct - see the IRS publication). Also I beli...
by livesoft
Sat Sep 20, 2008 8:13 am
Forum: Personal Finance (Not Investing)
Topic: My father's retirement, property deeds
Replies: 13
Views: 2462

Note also that if you and your brother sell the property, you may pay more in taxes than if your father sold the property because you may be in a high tax bracket. May I suggest that you consult your estate plan attorney and ask them how to deal with all this? You may even be able to tell dad someth...
by livesoft
Sat Sep 20, 2008 8:02 am
Forum: Personal Finance (Not Investing)
Topic: My father's retirement, property deeds
Replies: 13
Views: 2462

I guess you could go to the courthouse and give the property back to him without him knowing about it. :) :) You could file a gift tax return. His cost basis would be your cost basis which would be his original cost basis (get it?). Then when he died, you would get the property (assuming he has a wi...
by livesoft
Sat Sep 20, 2008 7:59 am
Forum: Personal Finance (Not Investing)
Topic: My father's retirement, property deeds
Replies: 13
Views: 2462

He probably didn't owe any gift taxes, but he probably should've filed a gift-tax return. The cost basis of property given to you as a gift is generally the cost basis of the owner, so it's what your father paid for the property plus the cost of any improvements he made to it. I see this kind of que...
by livesoft
Sat Sep 20, 2008 7:41 am
Forum: Personal Finance (Not Investing)
Topic: 0% Credit Cards
Replies: 13
Views: 3466

Suppose I get a $25,000 0%-interest-for-1-year, no transfer fee cash advance. I would pay $250 a month toward this debt. That would be 11 payments of $250 plus a final payment of $22,250. For simplicity sake, let the $22,250 sit in the Vanguard GNMA fund that pays 5%. That's $1112.50 in dividends be...
by livesoft
Sat Sep 20, 2008 6:49 am
Forum: Personal Consumer Issues
Topic: WSJ
Replies: 29
Views: 7981

It is definitely not worth the $99. I routinely read articles in the WSJ online, but this past week, I stayed at my in-laws where they got the hardcopy print edition. The major differences between the online vs the paper edition are the full-page ads and tables of numbers in the paper edition. Both ...
by livesoft
Sat Sep 20, 2008 6:41 am
Forum: Personal Consumer Issues
Topic: Backup Electricity Generator
Replies: 48
Views: 12041

There is no doubt to me that having a generator is helpful if your area is without electricity for more than a few days. But a few days without power is a walk in the park. One very inexpensive solution for some folks was to use their car as a generator. A simple inverter powered from the cigarette ...
by livesoft
Fri Sep 19, 2008 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Middle Age and getting serious about investing need help
Replies: 14
Views: 3958

raysfan, A Roth may not be your best option. What is your tax bracket now? Seems likely you will be in a low bracket when you retire compared to what it is now. Is that correct? If so, you would be better off to invest in a traditional IRA and get the tax deduction on the contributions. I would fin...
by livesoft
Fri Sep 19, 2008 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Detailed ETF pros /con list at . . .
Replies: 5
Views: 1415

Just because you read something on the internet does not make it true. The altruistFA site has quite a bit of informed opinion there so it is worthwhile reading, but I would not base my financial decisions solely on info from this site.
by livesoft
Fri Sep 19, 2008 8:57 pm
Forum: Personal Consumer Issues
Topic: Backup Electricity Generator
Replies: 48
Views: 12041

I am living through hurricane Ike in south Texas. 12 hours is a picnic.
by livesoft
Fri Sep 19, 2008 8:46 pm
Forum: Investing - Theory, News & General
Topic: Most Profitable Day of My Life
Replies: 25
Views: 6628

OK, I'll admit I did look to see if today was my profitable ever. It was not. During the tech run-up in 1999-2000 when I was 95% equities I had a couple more profitable days. Now that I am more conservative, my fixed income assets held me back. But something I bought on Sept 17th is up 16% already. ...
by livesoft
Fri Sep 19, 2008 6:51 pm
Forum: Investing - Theory, News & General
Topic: Is there a bit of "disconnect" here?
Replies: 20
Views: 4331

I differ with Christine. Earlier this week might've been a great time to buy. I don't believe in sugar-coating advice :) Also you have to get over your fear of making mistakes because you will always make mistakes. You are not infallible. A book that may be helpful to you is Why Smart People Make Bi...
by livesoft
Fri Sep 19, 2008 6:32 pm
Forum: Personal Consumer Issues
Topic: Backup Electricity Generator
Replies: 48
Views: 12041

A generator for just 12 hours of power outage? Doesn't make sense to me. Things in the freezer shouldn't thaw out if you leave the freezer closed for that 12 hours. As for the fridge, you probably should welcome the opportunity to toss out leftovers. Now it would be nice not to lose internet service...
by livesoft
Fri Sep 19, 2008 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to divide and conquer the world?
Replies: 15
Views: 3333

For when I TLH. I would not mind holding any of them forever if they had unrealized gains.
by livesoft
Fri Sep 19, 2008 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to divide and conquer the world?
Replies: 15
Views: 3333

I have chosen these 3 pairs: VEU/VEA, VWO/EEM and GWX/DLS. While VEU and VEA are not strictly equivalent, I don't care.
by livesoft
Fri Sep 19, 2008 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help
Replies: 22
Views: 4708

Maybe change dollar figures to percentages?
by livesoft
Fri Sep 19, 2008 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: No-cost mortgage refinancing
Replies: 12
Views: 3145

Any prepayment penalty? What if you want to refinance to a 4.8% mortgage rate next year?

OT: why didn't you refinance a couple years ago when rates were below 5%?
by livesoft
Fri Sep 19, 2008 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Volatility of VWO
Replies: 7
Views: 1709

I think you would want that 12% to stick for awhile. Ain't it nice to login and see a double-digit gain in your Overview?
by livesoft
Fri Sep 19, 2008 4:57 pm
Forum: Investing - Theory, News & General
Topic: Folks dump full service brokerage accounts
Replies: 2
Views: 1285

Folks dump full service brokerage accounts

Scott Burns writes about money leaving MerrillLynch, SmithBarney, et al. and going to guess where?

http://assetbuilder.com/blogs/scott_bur ... w-map.aspx
by livesoft
Fri Sep 19, 2008 3:29 pm
Forum: Investing - Theory, News & General
Topic: Is there a bit of "disconnect" here?
Replies: 20
Views: 4331

Here on this forum, we ask a question, and get good answers. But perhaps we need a bit more than that. Do we privately post a message to someone who willingly helped us on the open forum?. No, they might not appreciate that. The answers we get on the forum point us in the right direction. I have re...
by livesoft
Fri Sep 19, 2008 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Think I TLH'd correctly?
Replies: 3
Views: 953

I don't see a problem with what you did. Years ago I sold all my VTSMX and bought SPY, MDY and IWM in its place. This is similar to what you did.
by livesoft
Fri Sep 19, 2008 11:36 am
Forum: Investing - Theory, News & General
Topic: VEU $53.25 at 9:30, $46.942 at 9:31
Replies: 9
Views: 2279

Re: VEU $53.25 at 9:30, $46.942 at 9:31

Anyone have any ideas on why this happened? Did some idiot just temporarily spike up the price to buy a ton? The idiot would not have to buy a ton. They could've put in an order to buy 'at the market' before the market opened. It could've been one share, 50 shares, or even more. This happens severa...
by livesoft
Fri Sep 19, 2008 10:43 am
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF money market annuity decreased in value
Replies: 10
Views: 3265

I am amused by your post. Why not call up TIAA-CREF and ask them? They have dozens of customer service reps waiting for your call. Then report back here what you found out. Thanks!
by livesoft
Fri Sep 19, 2008 8:38 am
Forum: Investing - Theory, News & General
Topic: Investor wanted to sell yesterday
Replies: 8
Views: 2553

The second major error, and you are seeing it in action now, is that when there are crisis governments take action to counter them. The Fed provides liquidity to the market, governments stimulate the economy through fiscal policy, SEC lowers margins requirements and prevents short selling, Central ...
by livesoft
Fri Sep 19, 2008 8:30 am
Forum: Investing - Theory, News & General
Topic: Did you manage to lose a loss yesterday? :-)
Replies: 28
Views: 5727

Re: Did you manage to lose a loss yesterday? :-)

the silver lining is that at least I wasn't crazy enough to TLH by exchanging stocks for cash to hold 31 days.... It hasn't been 31 days yet. Are you so sure it wouldn't be a better outcome anyway? The beauty of TLH is that it really doesn't matter what the outcome is. You really cannot hurt yourse...
by livesoft
Fri Sep 19, 2008 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Fund or ETF that you like at Fidelity and T. Rowe Price
Replies: 4
Views: 1226

I currently own SPY, MDY, IWM, DLS, VBR, VEU and EEM. I have owned VTI, GWX, VWO, VNQ, IJS, IWN, VEA. Nowadays, I choose my asset class that I want, then I select the fund I want to fill that asset class. I use www.altruistfa.com/dfavanguard.htm to look at asset classes and suggested funds (click th...
by livesoft
Fri Sep 19, 2008 7:38 am
Forum: Personal Finance (Not Investing)
Topic: No-fee 0% balance transfer credit cards are back!
Replies: 28
Views: 4631

Let's see how long it takes before the math error gets fixed. :)
by livesoft
Fri Sep 19, 2008 7:30 am
Forum: Investing - Theory, News & General
Topic: Did you manage to lose a loss yesterday? :-)
Replies: 28
Views: 5727

To get real-time quotes for free, don't all online discount stock brokers do this for you? Also try http://moneycentral.msn.com/investor/home.asp click on quotes, then real-time quotes: http://moneycentral.msn.com/detail/realtime_quote
by livesoft
Fri Sep 19, 2008 7:28 am
Forum: Investing - Theory, News & General
Topic: Did you manage to lose a loss yesterday? :-)
Replies: 28
Views: 5727

Studies show that if you miss the best 10, 20, 30, ... N days in the market that you don't so well. Sept 18 was a best day. Studies also show that if you miss the worst 10, 20, 30, ... N days in the market that you do fantastically. Sept 17 was a worst day. Studies show that best and worst days appe...
by livesoft
Fri Sep 19, 2008 7:16 am
Forum: Personal Finance (Not Investing)
Topic: No-fee 0% balance transfer credit cards are back!
Replies: 28
Views: 4631

$1250 is about 125 sushi lunches for me. Well worth the 15 minutes of work. I'm chuckling about the $1250 being worth it because folks here go overboard on choosing a 0.10% exense ratio fund over a 0.15% expense ratio fund only after about 3 days of discussion and gnashing of teeth. Or I could skip ...
by livesoft
Fri Sep 19, 2008 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Asset classes
Replies: 3
Views: 1212

You lumped all international into international and emerging markets. What about international small cap? international bonds? international REITs? Collateralized commodity futures? TIPS? Have you looked at www.altruistfa.com/dfavanguard.htm for some asset class discussion burined beyond the DFA vs ...
by livesoft
Fri Sep 19, 2008 6:58 am
Forum: Investing - Help with Personal Investments
Topic: So, my co-worker told me this day trading strategy...
Replies: 16
Views: 4119

I don't even see why we are discussing this. We don't have to mess around with any theory or reasons why this daytrading strategy would work or not because it is very easily emprically tested. Tell your friend to go do it or even try it yourself. Then you can come back and tell us the results. Very,...
by livesoft
Thu Sep 18, 2008 7:04 pm
Forum: Investing - Theory, News & General
Topic: Who says ETFs are more tax-efficient than funds?
Replies: 17
Views: 3040

Why do you say the tax characteristics of the fund are less important than when the shares are bought or sold? You're saying the latter are more important than distributions? Take a look at VBR just today (I own this ETF). You could have bought/sold it at any price in the range 58 to 62.59. That's ...
by livesoft
Thu Sep 18, 2008 6:46 pm
Forum: Investing - Theory, News & General
Topic: My Dad, the genius
Replies: 12
Views: 3973

What crash are you writing about? The market was UP more than 4% today! Your dad missed it!
by livesoft
Thu Sep 18, 2008 6:42 pm
Forum: Investing - Theory, News & General
Topic: Who says ETFs are more tax-efficient than funds?
Replies: 17
Views: 3040

Why do you trust the M* data? It could easily be wrong. Easily.

Note: I am not on one side or the other. All these funds are tax efficient. The day and time you buy/sell them will have more effect than the tax-cost ratio.
by livesoft
Thu Sep 18, 2008 10:56 am
Forum: Investing - Theory, News & General
Topic: Anatomy of the crisis
Replies: 42
Views: 7710

There is a VERY LONG article in the Sept 18th WSJ on all this. I don't have the link because I actually read the hardcopy today. It starts small on page A1.

The article is not inconsistent with what Larry Swedroe wrote to start this thread.
by livesoft
Wed Sep 17, 2008 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: No-fee 0% balance transfer credit cards are back!
Replies: 28
Views: 4631

Something I always wondered about doing this: How on earth does one actually get a credit card balance transfer to result in $$$ inside an MMF? Do you literally just write Vanguard's (or whoever's) address and your account number on the balance transfer form and everything works out? Sometimes you ...
by livesoft
Wed Sep 17, 2008 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Online broker(s)?
Replies: 4
Views: 1910

I posted this in another "broker" thread: Let's face it, what a Boglehead would want from a brokerage is not what a trader would want from a brokerage. Here are some criteria in order of importance: 1. Low cost. The lowest cost is now free, so if you have to pay any commissions, then that scratches ...
by livesoft
Wed Sep 17, 2008 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help: Recommendations on 401K
Replies: 22
Views: 5271

Perhaps you can post a follow-up message over at the StartInvesting board where this all started?
by livesoft
Wed Sep 17, 2008 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get a no-frills, honest, no loop hole mortgage
Replies: 36
Views: 7645

I used www.eloan.com to do a refinance of a CountryWide mortgage a few years ago. From my first contactl to closing was about 18 days. We had used a local mortgage broker twice before, but eloan saved us a couple thousand dollars over the broker and was really very, very easy. Even if you don't end ...
by livesoft
Wed Sep 17, 2008 2:53 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited?
Replies: 21
Views: 4071

I told my spouse to remind me every day not to buy at 3:45 pm this week.

I have done some premature TLH, but even that has a positive: I'll be able to TLH back into my preferred lower expense ratio ETFs in a month or so.
by livesoft
Wed Sep 17, 2008 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Discover Card
Replies: 4
Views: 1260

They mixed you up with Mr. and Mrs. Mercury. If I got that treatment, I'd be checking my credit reports pronto for mistakesn and/or identity theft.
by livesoft
Wed Sep 17, 2008 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: No-fee 0% balance transfer credit cards are back!
Replies: 28
Views: 4631

hudson4351 wrote:Do these offers come on existing credit cards, or do you have to sign up for a new credit card?
Sometimes on existing cards; sometimes you have to sign up for a new card.
by livesoft
Wed Sep 17, 2008 2:32 pm
Forum: Personal Consumer Issues
Topic: America is in deep trouble
Replies: 51
Views: 13521

What mess are you talking about? Your "once in a century crisis" seems to happen every 3 to 5 years. Do you remember that stocks dropped 45% from 2000 to 2003?

Current stuff is just a minor annoyance. What will you post when it starts to get bad?
by livesoft
Wed Sep 17, 2008 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help: Recommendations on 401K
Replies: 22
Views: 5271

Oh, I think we also need a firm statement from you, such as the following:
"I'm ready to sell ALL my previous investments and buy new ones. I do not need to hold on to any of them."
by livesoft
Wed Sep 17, 2008 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help: Recommendations on 401K
Replies: 22
Views: 5271

I don't think you should have such a large foreign component to your asset allocation. You have 30% fixed income, 30% US large+small+REIT and 40% international. The 30% international will likely have emerging markets in it already. The US large+small cap will likely have REITs in them already. In ge...