Search found 2349 matches

by indexfundfan
Tue Apr 15, 2008 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: GNMA Fund (VFIIX)
Replies: 22
Views: 7507

The risks of GNMAs have been discussed at length on the forum. And it is articles like this that helps to maintain the yield premium of GNMAs for those who understand and are willing to take the risk.
by indexfundfan
Mon Apr 14, 2008 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Money markets effected by the subprime mess
Replies: 3
Views: 1264

RMMXX's higher yield might not be because of it taking additional risk.

RMMXX is supposedly an institutional MMF. It only charges 0.15% ER (could be a waiver in effect, I don't know), whereas Vanguard's Prime MMF charges 0.24%. This might be the reason for RMMXX's higher yield.
by indexfundfan
Sun Apr 13, 2008 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Break jumbo mortgage into two parts?
Replies: 12
Views: 3811

The second mortgage typically is a HEL or HELOC. These typically do not have as favorable terms as the first mortgage.
by indexfundfan
Sun Apr 13, 2008 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Break jumbo mortgage into two parts?
Replies: 12
Views: 3811

Probably not possible since both loans would want to be in the first lien position. I heard that the new conforming loan limits are planned to be implemented some time in July.
by indexfundfan
Sun Apr 13, 2008 1:08 am
Forum: Investing - Help with Personal Investments
Topic: HELP: Have VG funds, should I move them to ETF?
Replies: 10
Views: 2233

Unless the investor is a flagship client, it will cost $50 to convert each mutual fund holding. This might or might not make sense, since the lower ER of the ETF needs time to make up for the $50 lost during the conversion. I looked at this issue briefly recently and created a calculator to compute ...
by indexfundfan
Wed Apr 09, 2008 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Move $1m from T bills to Bonds... timing?
Replies: 6
Views: 2100

On making equity purchases. Do it all at once but also consider the following ... If using ETFs, a huge trade could get you poor pricing and should be done over a few trades / days. If using mutual funds, there is no trading spread but Vanguard might reject "huge" purchases. Best to consult with Van...
by indexfundfan
Fri Apr 04, 2008 12:47 am
Forum: Investing - Help with Personal Investments
Topic: VEIEX (Emerging Mkt fund) to VWO conversion at VBS
Replies: 8
Views: 3432

I did this conversion last year. I looked up the transactions and see I started with fractional shares in the mutal fund and ended with fractional shares in the ETF. The conversion fee ($50) was paid from a new MM 'sweep' account that got set up (this activity opened my Vanguard Brokerage account)....
by indexfundfan
Thu Apr 03, 2008 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: VEIEX (Emerging Mkt fund) to VWO conversion at VBS
Replies: 8
Views: 3432

I did this conversion last year. I looked up the transactions and see I started with fractional shares in the mutal fund and ended with fractional shares in the ETF. The conversion fee ($50) was paid from a new MM 'sweep' account that got set up (this activity opened my Vanguard Brokerage account)....
by indexfundfan
Thu Apr 03, 2008 10:56 am
Forum: Investing - Help with Personal Investments
Topic: VEIEX (Emerging Mkt fund) to VWO conversion at VBS
Replies: 8
Views: 3432

VEIEX (Emerging Mkt fund) to VWO conversion at VBS

I am considering converting my VEIEX fund to VWO at VBS. From the prospectus: If you convert your conventional shares to ETF Shares through Vanguard Brokerage, all conventional shares for which you request conversion will be converted into ETF Shares of equivalent value. Because no fractional shares...
by indexfundfan
Tue Apr 01, 2008 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Gmail's custom time
Replies: 4
Views: 1663

Gmail's custom time

For those who use Gmail: Just click "Set custom time" from the Compose view. Any email you send to the past appears in the proper chronological order in your recipient's inbox. You can opt for it to show up read or unread by selecting the appropriate option. http://mail.google.com/mail/help/customti...
by indexfundfan
Sat Mar 29, 2008 3:06 pm
Forum: Investing - Theory, News & General
Topic: Value or Muni in Taxable?
Replies: 21
Views: 4388

I don't really get what you are looking for, but in general value funds rarely belong in a taxable account. Here's the scenario: you want some bonds, and you want some value funds. You can't put both in tax deferred because there is not enough room. So if you say value funds rarely belong in a taxa...
by indexfundfan
Fri Mar 28, 2008 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Truth or Urban legend?
Replies: 10
Views: 2695

Awww! Now I feel dumb! But, if you had a palindromic PIN you could change your PIN I suppose. I guess having better quality video cameras would be more effective in the long run. COMPLETELY OT: I looked up the word "palindromic" and guess what I found -- a 15139 word palindrome: http://norvig.com/p...
by indexfundfan
Wed Mar 26, 2008 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about my muni funds?
Replies: 18
Views: 4309

After the abnormal behavior of muni funds near the end of Feb 2008, personally I had my reservations about using muni funds as the safety anchor of a portfolio. It appears that because munis are relatively illiquid, their prices (NAV) could be quite volatile, as evidenced by the price drops when hed...
by indexfundfan
Sat Mar 22, 2008 11:36 pm
Forum: Investing - Theory, News & General
Topic: My transfer to WellsTrade
Replies: 87
Views: 25384

I have the Wellstrade account for a little over a year and overall I have been pleased too. I just hope that the good things (i.e. the free trades) do not come to an end...
by indexfundfan
Sat Mar 22, 2008 10:28 am
Forum: Investing - Help with Personal Investments
Topic: EXtremely simple portfolio for retiree
Replies: 13
Views: 3566

Target retirement income has some international (~6%) but overall, it only has 30% stocks :

https://personal.vanguard.com/us/funds/ ... IntExt=INT
by indexfundfan
Fri Mar 14, 2008 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Interested in opinions on this program at my work
Replies: 5
Views: 1855

How does "non-taxable distribution" work?
by indexfundfan
Fri Mar 14, 2008 11:24 am
Forum: Investing - Help with Personal Investments
Topic: How to Avoid IRS Tax Penalty
Replies: 14
Views: 3389

Re: How to Avoid IRS Tax Penalty

Hello All, I just filed my tax returns and got hit with the $70 IRS penalty for taking too little taxes out of my 2007 paycheks. In 2007, I was a student most of the year, and only started to make a salary for the last few months. I converted a good amount of my rollover IRA to a Roth IRA since I w...
by indexfundfan
Thu Mar 13, 2008 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Small-cap ETF vs tax-managed small cap in Taxable
Replies: 5
Views: 4118

There have been at least one post discussing the concern that VG tax-managed small-cap might need to distribute cap-gains in future.
by indexfundfan
Thu Mar 13, 2008 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Concerning GNMA Bond Fund:
Replies: 17
Views: 5902

Unscientific look at NAV fluctuations: GNMA Fund Admiral Shares Fund Inception Date 2/12/2001 High High Date Low Low Date $10.78 03/11/2003 $9.90 06/28/2006 Inter-Term Treasury Adm Fund Inception Date 2/12/2001 High High Date Low Low Date $12.09 06/13/2003 $10.46 06/28/2006 For GNMA, high/low = 1.08...
by indexfundfan
Thu Mar 13, 2008 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Concerning GNMA Bond Fund:
Replies: 17
Views: 5902

- If interest rates go down, there's downward pressure on the NAV due to homeowners refinancing mortgages. (This is a risk unique to MBS.) This statement isn't wrong, but I think it could easily be misconstrued. If interest rates go down, the NAV of a GNMA fund will go up. However, because of mortg...
by indexfundfan
Thu Mar 13, 2008 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Money Market-like ETF
Replies: 4
Views: 1171

SHV iShares Lehman Short Treasury Bond Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the short-term sector of the United States Treasury market as defined by the Lehman Brothers Short U.S. Treasury Index (the Index). The Index includes all p...
by indexfundfan
Wed Mar 12, 2008 11:47 am
Forum: Investing - Theory, News & General
Topic: Time to re-think muni's as safety anchor?
Replies: 52
Views: 11074

Some posts on the recent troubles in muni-land http://www.diehards.org/forum/viewtopic.php?t=13890&mrr=1204477187 http://www.diehards.org/forum/viewtopic.php?t=13644&mrr=1204407371 http://www.diehards.org/forum/viewtopic.php?t=14009&mrr=1204606189 http://www.diehards.org/forum/viewtopic.php?t=13971&...
by indexfundfan
Wed Mar 12, 2008 11:34 am
Forum: Investing - Theory, News & General
Topic: Time to re-think muni's as safety anchor?
Replies: 52
Views: 11074

Actually, I am talking about the period from Feb 22 to Feb 29 where muni's are tanking along with equities because of various factors, part of which were caused by hedge funds. While this could be seen as a one-time event that does not last long, what would you do if it lasts longer or occur more fr...
by indexfundfan
Wed Mar 12, 2008 11:18 am
Forum: Investing - Theory, News & General
Topic: Time to re-think muni's as safety anchor?
Replies: 52
Views: 11074

You can take the poll that way if you wish.

But I am asking a fundamental question about asset allocation -- whether muni's are good enough as a safety anchor.
by indexfundfan
Wed Mar 12, 2008 10:23 am
Forum: Investing - Theory, News & General
Topic: Time to re-think muni's as safety anchor?
Replies: 52
Views: 11074

From the poll results, it appears that most don't seem to think much of the "equity-like" risk demonstrated by muni's recently. Interestingly, I suspect many would nevertheless recommend against the Vanguard high yield bond fund for its "equity-like" characteristics.
by indexfundfan
Tue Mar 11, 2008 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Refinance closing cost - pay or roll into mortgage?
Replies: 7
Views: 1841

I would fund the ROTH as a hedge against future tax rate hikes.
by indexfundfan
Tue Mar 11, 2008 4:26 pm
Forum: Investing - Theory, News & General
Topic: Time to re-think muni's as safety anchor?
Replies: 52
Views: 11074

Time to re-think muni's as safety anchor?

For many people, the fixed income or bond portion of the portfolio is designated as the safety anchor of the portfolio during market turbulence (basically Larry's viewpoint, not Rick's). The recommendation has been to use very high grade and short term debt instruments like treasury bond funds or ev...
by indexfundfan
Tue Mar 11, 2008 11:27 am
Forum: Investing - Theory, News & General
Topic: Muni Bond - Price vs. SEC Yield
Replies: 5
Views: 3317

Re: Muni Bond - Price vs. SEC Yield

I've been following the muni market for the last couple weeks or so. IIUC, the market was taking a beating through February 29, and has basically rallied since. So I'm looking at some yields to see if the market still remains relatively attractive (in comparison to alternatives like treasuries), an...
by indexfundfan
Mon Mar 10, 2008 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: VEIEX to VWO conversion: Do it at premium?
Replies: 20
Views: 6120

Re: VEIEX to VWO conversion: Do it at premium?

I would like to convert my VEIEX fund into the VWO ETF. I remember reading that sometimes VWO sells at a premium to NAV and sometimes it sells at a discount to NAV. I am trying to figure out which one is better for the conversion. I think that the conversion is done at NAV, and if VWO sells at a pr...
by indexfundfan
Mon Mar 10, 2008 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity mySmart Cash Account is a bit of a disappointment
Replies: 38
Views: 15054

The numbers on the checks are "unofficially" supported. This could potentially backfire if something goes wrong.
by indexfundfan
Thu Mar 06, 2008 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring IRA from Schwab to VG
Replies: 13
Views: 3678

I think no one can beat this. I did a partial IRA transfer of some ETFs from VBS (Vanguard Brokerage Service) to Well Fargo / Wellstrade. I faxed in the request on a Monday and the transfer was completed on Wednesday night. It took only 2 business days!
by indexfundfan
Wed Mar 05, 2008 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Better to have Muni Bond funds in a ROTH or a taxed acct?
Replies: 12
Views: 2178

Corey, municipal bond funds don't belong in a tax-advantaged account, because they're already federal tax-free. Vanguard presumably won't even let you do it. They do. Vanguard just give you a notice that it might not be advantageous to put in the IRA. But they do not stop you if you want to go ahead.
by indexfundfan
Tue Mar 04, 2008 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Supply = 40% of 2007 total
Replies: 10
Views: 2655

I was wondering about this too. In fact if anyone were playing to get the short term cap gain (i.e. expecting the return to come mostly from cap gain rather than dividends), perhaps it makes sense to buy it in the IRA and then sell it without paying any cap gain tax when it bounces back. Just a thou...
by indexfundfan
Tue Mar 04, 2008 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: question about admiral shares
Replies: 1
Views: 938

'Account' refers to a mutual fund holding. You need to hold the mutual fund for 10 years and it has to be $50k or more to be eligible. You cannot add up a few mutual funds to qualify for admiral shares. Having one admiral fund does not mean that your other funds would automatically qualify for admir...
by indexfundfan
Tue Mar 04, 2008 10:59 am
Forum: Investing - Help with Personal Investments
Topic: WellsTrade PMA / Brokerage accounts?
Replies: 72
Views: 18212

Yes, it is due to inactivity in your PMA checking account. WF requires at least one transaction in the 12 months from your anniversary date. WF requires the PMA checking account in order to qualify for the free trades in your brokerage account, but your account is not in jeopardy, as you can remedy...
by indexfundfan
Tue Mar 04, 2008 10:58 am
Forum: Investing - Help with Personal Investments
Topic: WellsTrade PMA / Brokerage accounts?
Replies: 72
Views: 18212

My PMA/Wellstrade is ~ one year old. I just checked -- my accounts are all OK, and I have $40 in the PMA account.

I hope what you experienced is not an indication of the things to come.
by indexfundfan
Sun Mar 02, 2008 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Got my DTV converter boxes today
Replies: 16
Views: 5180

Re: still don't get it

I remember reading somewhere that cable companies are required to convert until 2012 (?) or so. After that, all bets are off if they will continue to do the conversion. I've been researching this a bit. I have yet to find anywhere, that there is any conversion law for cable. The main reason for the...
by indexfundfan
Sun Mar 02, 2008 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Got my DTV converter boxes today
Replies: 16
Views: 5180

Re: still don't get it

tibbitts wrote:Sorry, I still don't get it. If there is a difference between analog and digital tuners, how will a digital-only TV receive analog cable signals?

Paul
AFAIK, all TVs on the market currently have both analog (NTSC) and digital (ATSC/QAM) tuners.
by indexfundfan
Sun Mar 02, 2008 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Got my DTV converter boxes today
Replies: 16
Views: 5180

Re: still don't get it

If you have an analog set, but receive your signals from your cable company, the transition doesn't affect you because the cable company converts the digital broadcast to analog for you. I remember reading somewhere that cable companies are required to convert until 2012 (?) or so. After that, all ...
by indexfundfan
Fri Feb 29, 2008 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Who took my money?
Replies: 35
Views: 10667

AQ, it certainly sounds like a frustrating experience. I am surprised that nobody has come forward to share their experience if they got their money deducted by HSBC when they wire money to VG. It sure sounds like HSBC is charging the fee, perhaps unknown to Vanguard. I think this thread deserves mo...
by indexfundfan
Fri Feb 29, 2008 1:55 pm
Forum: Investing - Theory, News & General
Topic: Muni Bond Fund Declines
Replies: 72
Views: 15997

Because muni's are substitutes (though not perfect) for taxable bonds, there is definitely a price floor at which investors would decide that muni's are a much better deal than the taxable counterparts. This is especially so if there is another rate cut or if there is a political climate change that...
by indexfundfan
Fri Feb 29, 2008 1:33 pm
Forum: Investing - Theory, News & General
Topic: Muni Bond Fund Declines
Replies: 72
Views: 15997

This too shall pass. Amidst the current gloom in the muni bond market, I want to post an article from last August: http://www.reuters.com/article/reutersEdge/idUSN2934870920070830 NEW YORK (Reuters) - Tax-free bond prices are rebounding strongly as big players snatch up some of the most beaten down ...
by indexfundfan
Fri Feb 29, 2008 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting; Getting VG to upgrade to specific ID
Replies: 35
Views: 7705

If someone puts a letter template here, I would be willing to email it to Vanguard. ;-)
by indexfundfan
Thu Feb 28, 2008 7:29 pm
Forum: Investing - Theory, News & General
Topic: Wells Fargo Brokerage Changes
Replies: 5
Views: 2172

Re: Wells Fargo Brokerage Changes

Wells Fargo seems to have a real problem with paying decent returns on idle cash. Last July they switched from good money market cash sweep accounts to a pathetic replacement that pays next to nothing. Many people dealt with the change by manually buying shares of 3rd-party money market funds such ...
by indexfundfan
Thu Feb 28, 2008 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Now is the best time in decades to buy munucipal bonds. Why?
Replies: 37
Views: 8902

Just read this interesting post on M*. Because of muni ARS auction failures, Muni issuers rapidly convert floating rate debt to long term and buy back their swaps; putting downward pressure on muni bond prices and upward pressure on short muni finance rates. As a result, we are seeing prices of the ...
by indexfundfan
Thu Feb 28, 2008 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Now is the best time in decades to buy munucipal bonds. Why?
Replies: 37
Views: 8902

Because muni's are now yielding more in nominal terms than treasury bonds, of the same duration. Example: VG Intermediate term tax exempt, duration 5.2 years, yield is 3.44% VG Intermediate term treasury (taxable), duration 5.1 years, yield is 2.95% As you can see, normally tax exempt funds should y...
by indexfundfan
Thu Feb 28, 2008 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: VG Intermediate TE
Replies: 11
Views: 2818

Dale_G wrote:Yes, the yield will make up for the loss of NAV - roughly over the duration of the fund.

Dale
The duration is 5.2 years.
by indexfundfan
Thu Feb 28, 2008 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: VG Intermediate TE
Replies: 11
Views: 2818

From the way how MUB is going today, intermediate TE is probably going to drop another 0.5% to 1% today. One of those drops we've had might be the monthly payout if you're not re-investing the dividends. Paul I wish to clarify that the NAV of Vanguard's bond funds do not drop with the monthly divid...
by indexfundfan
Thu Feb 28, 2008 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: VG Intermediate TE
Replies: 11
Views: 2818

From the way how MUB is going today, intermediate TE is probably going to drop another 0.5% to 1% today.
by indexfundfan
Wed Feb 27, 2008 5:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Tax-Exempt MM Funds: recent yield fluctuations
Replies: 6
Views: 2810

Wow, thanks for the post.

Looks like it is time to move back from Prime MMF into tax exempt MMF.