Search found 5794 matches

by AlohaJoe
Fri Apr 09, 2021 9:05 pm
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 107
Views: 10946

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

You lost me. You said "Vanguard still owns 5% of Tesla", but eukonomos said that before the dilution, the index fund owned "10% of Tesla shares". What do you mean by "still"? I understand that share issuance (and share buyback) are events that will make index funds tak...
by AlohaJoe
Thu Apr 08, 2021 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Manhattan luxury townhouses
Replies: 12
Views: 1718

Re: Manhattan luxury townhouses

I always fantasized about manhattan townhouses that go for 5M+ Has any bogleheads dealt with these kind of properties? Assuming it is not for a primary residence, how do you generate income through this? Rent? Do people who pay 30k/month exist? Airbnb? I know a few people like that and most of them...
by AlohaJoe
Thu Apr 08, 2021 8:11 pm
Forum: Personal Investments
Topic: Just spoke w FA at VG [Financial Advisor at Vanguard]
Replies: 14
Views: 1285

Re: Just spoke w FA at VG

Ineed$ wrote: Thu Apr 08, 2021 8:05 pm I was surprised by the 24% in international funds. Does 24% seem high for international?
Nope, not really.
by AlohaJoe
Thu Apr 08, 2021 1:05 am
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 107
Views: 10946

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

Imagine the total market is worth $100. Tesla is 5% with a market value of $5. I am an index fund with $10 assets. I own 10% of the market, including 10% of Tesla shares, worth $0.50. If Tesla issues more shares, diluting their share price, they are still worth $5 . But now I don't own 10% of Tesla...
by AlohaJoe
Thu Apr 08, 2021 12:58 am
Forum: Personal Finance (Not Investing)
Topic: IRS disallowed my claim
Replies: 10
Views: 2412

Re: IRS disallowed my claim

The letter said, I can appeal the case but I am not sure if there were any successful appeals. I don't understand what you think you have to gain by not appealing. It sounds like you're looking for an excuse to not appeal. I've appealed tax rulings three times and they always found in my favour. I'...
by AlohaJoe
Wed Apr 07, 2021 11:09 pm
Forum: Personal Investments
Topic: Should I be worried about my <20% margin in IB?
Replies: 5
Views: 633

Re: Should I be worried about my <20% margin in IB?

I have margin at IB (though these days it is down to ~5% thanks to market growth). I wouldn't worry much about anything under 25%, especially if your earnings allow you to pay reduce it by a decent amount over a reasonably short term.
by AlohaJoe
Wed Apr 07, 2021 8:42 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 236
Views: 46177

Re: who here is tempted to pullback on stocks?

This post was quite old: 11/23/2013. I thought it would be interesting to see how "high" the Dow was on that date that caused some people to worry. Answer: 16,009. I used to keep a spreadsheet of Bogleheads posts advocating market timing because the market was "too high" and we ...
by AlohaJoe
Wed Apr 07, 2021 12:10 am
Forum: Investing - Theory, News & General
Topic: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?
Replies: 107
Views: 10946

Re: TSLA gamed the system - Could Index Funds Be ‘Worse Than Marxism’?

If the stock price goes up the the debt is converted and shares outstanding goes up. After the number of shares go up the index funds buy more shares. This cycle makes no sense. Dilution results in existing owners to value their holdings less, ceteris parabis. I mean, by definition they are worth l...
by AlohaJoe
Tue Apr 06, 2021 4:17 am
Forum: Personal Consumer Issues
Topic: Recommendation for simple home gym
Replies: 41
Views: 3218

Re: Recommendation for simple home gym

She doesn't need to buy anything. There are tons of beginner level high intensity interval training videos free on YouTube that just use bodyweight. She should start with those instead of spending a penny Realistically, if someone can't stick with YouTube bodyweight exercises for a few weeks, then t...
by AlohaJoe
Tue Apr 06, 2021 12:23 am
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2024

Re: No foreign fee, reimburse atm fee cards besides Schwab?

Are there any alternatives to Schwab that offers a debit card which reimburses all atm fees charged by the third party bank and has no foreign transaction fee? FWIW, I think this is a pretty pointless optimisation to make. Think about the risk you're trying to avoid. In the unlikely event that you ...
by AlohaJoe
Mon Apr 05, 2021 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign tax
Replies: 5
Views: 434

Re: Foreign tax

My CPA emailed me, asking if there was a page from Vanguard this year on foreign income. Apparently there isn’t Sure there is. https://advisors.vanguard.com/VGApp/iip/advisor/csa/investments/taxcenter/vgifunds?page=taxInfoForVanguardFunds Click on "Foreign tax credit worksheet for eligible Van...
by AlohaJoe
Mon Apr 05, 2021 9:26 pm
Forum: Investing - Theory, News & General
Topic: Stone Ridge All Asset Variance Risk Premium Fund
Replies: 117
Views: 5449

Re: Stone Ridge All Asset Variance Risk Premium Fund

ETFs and Mutual Funds have this problem as well. Every asset class has its unique and hidden risks. How do ETFs have this problem? If everyone but you panic sells the ETF, then your performance is affected. I don't know a single investment that is actually completely insulated from the actions of o...
by AlohaJoe
Mon Apr 05, 2021 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6748

Re: Too early to retire?

2) We have used Firecalc and it gives us about a 90% chance of making it 40 years. Are there other calc one should use? Why did you pick 40 years? There's a greater than 50% chance at least one of you will live longer than that. There's a 20% chance one of you will longer than 47 years. There's a 5...
by AlohaJoe
Fri Apr 02, 2021 10:22 am
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12498

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

I also buy individual stocks and I can tell you anecdotally SBUX (Stabucks) is trading at 20% above its Jan 2020 price but this doesn't factor in: i) people are spending less and ii) most of their stores are not open. Starbucks Q4 2019 revenue was $7,097 million. Starbucks Q4 2020 revenue was $6,74...
by AlohaJoe
Thu Apr 01, 2021 6:58 am
Forum: Non-US Investing
Topic: How you sell your stocks
Replies: 4
Views: 756

Re: How you sell your stocks

I recently started trading in US individual stocks and some of my picks are 20-30% up This forum is for buy & hold index investors who don't generally believe in market timing; pretty much the antithesis of what you're asking about. You're probably better off asking on a different forum if you'...
by AlohaJoe
Thu Apr 01, 2021 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Receiving Gift from Parents Overseas
Replies: 8
Views: 895

Re: Receiving Gift from Parents Overseas

This is the IRS page on gifts from foreign persons: it answers all of your questions.

https://www.irs.gov/businesses/gifts-fr ... ign-person
by AlohaJoe
Tue Mar 30, 2021 1:54 am
Forum: Personal Finance (Not Investing)
Topic: Which State is counted for In State tuition?
Replies: 55
Views: 2861

Re: Which State is counted for In State tuition?

You can just Google the rules for in-state tuition. https://www.instateangels.com/new-jersey-universities/ In general you have to live in the state for a full-year preceding enrollment. Some places, like Arkansas only require six-months. If you haven't been in the US since 2012, I don't think anywhe...
by AlohaJoe
Mon Mar 29, 2021 9:41 pm
Forum: Personal Investments
Topic: Setting up automatic ACH transfers of dividends/interest?
Replies: 17
Views: 1016

Re: Setting up automatic ACH transfers of dividends/interest?

I'm trying to figure out why they're so restrictive, especially since there's been a gradual push away from mutual funds and to their ETFs in general. Probably because there are millions of Bogleheads who will complain about Vanguard's shortcomings but never actually switch to a competitor, so ther...
by AlohaJoe
Mon Mar 29, 2021 9:40 am
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10603

Re: Curious about negative expat experiences -- why don't more people do it?

This puzzles me, because 99% of people (even white collar professionals) don't take an expat gig, so if it's so wonderful, why isn't everyone doing it? Thus, I was hoping if the wise folks here might have some contrary advice, perhaps informed by experience. A lot of people don't even move out of t...
by AlohaJoe
Sun Mar 28, 2021 10:16 am
Forum: Investing - Theory, News & General
Topic: Mortgage rates in other countries
Replies: 8
Views: 1061

Re: Mortgage rates in other countries

Do the reasons they have fallen and remain so low apply to the US? Is it possible we’ll never again see a 6% mortgage, and my children will laugh incredulously as I did when my parents told me about their 18% mortgage? There is a growing consensus -- though far from universal -- that yes, it is pos...
by AlohaJoe
Sun Mar 28, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Family Loan - Minimum Interest - Repaid by Annual Gift - Tax Implications
Replies: 66
Views: 3097

Re: Family Loan - Minimum Interest - Repaid by Annual Gift - Tax Implications

There are two questions that no commenter has addressed so far. 1. Have I correctly understood the IRS rules re minimum interest? In other words, does an interest rate of 0.12% meet the current rule for a 3 year loan entered into in April, 2021? (See the link provided in the OP.) Yes. 2. The loan c...
by AlohaJoe
Sat Mar 27, 2021 10:25 pm
Forum: Investing - Theory, News & General
Topic: LMP: Social Security, Inflation, and TIPS vs Nominals
Replies: 56
Views: 3559

Re: LMP: Social Security, Inflation, and TIPS vs Nominals

Until now, I didn't know TIPS track CPI-U And Social Security tracks CPI-W, to muddy the waters even further. So Social Security and TIPS aren't exact substitutes for one another. I didn't know that, either. Why in the world doesn't SS track CPI-E? Well, the main reason is that Social Security is a...
by AlohaJoe
Sat Mar 27, 2021 8:54 pm
Forum: Investing - Theory, News & General
Topic: LMP: Social Security, Inflation, and TIPS vs Nominals
Replies: 56
Views: 3559

Re: LMP: Social Security, Inflation, and TIPS vs Nominals

watchnerd wrote: Sat Mar 27, 2021 5:03 pm Until now, I didn't know TIPS track CPI-U
And Social Security tracks CPI-W, to muddy the waters even further. So Social Security and TIPS aren't exact substitutes for one another.
by AlohaJoe
Sat Mar 27, 2021 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Family Loan - Minimum Interest - Repaid by Annual Gift - Tax Implications
Replies: 66
Views: 3097

Re: Family Loan - Minimum Interest - Repaid by Annual Gift - Tax Implications

Although ultimately no money will be paid back, I'm reasonably sure that, in the extraordinarily unlikely event that IRS cared or audited you, they would call shenangians since this was obviously never a loan since there was never any intention to pay it back. I mean, you just posted to that effect...
by AlohaJoe
Sat Mar 27, 2021 9:06 am
Forum: Investing - Theory, News & General
Topic: LMP: Social Security, Inflation, and TIPS vs Nominals
Replies: 56
Views: 3559

Re: LMP: Social Security, Inflation, and TIPS vs Nominals

Given that Social Security is adjusted for inflation, if one is building an LMP ladder, do we think it's a better strategy to: a) Supplement SS income with TIPS, thus having 2 income streams that are inflation adjusted b) Supplement SS income with nominals, in case nominals end up being the better ...
by AlohaJoe
Sat Mar 27, 2021 7:49 am
Forum: Investing - Theory, News & General
Topic: LMP: Social Security, Inflation, and TIPS vs Nominals
Replies: 56
Views: 3559

Re: LMP: Social Security, Inflation, and TIPS vs Nominals

i think the paper is behind a paywall but here i the abstract You can read it here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1832615 as i read it, they are comparing a inflation-indexed LMP approach (tips, ibonds, soc sec) vs a "nominal investment fund" which i take to be say t...
by AlohaJoe
Sat Mar 27, 2021 7:00 am
Forum: Investing - Theory, News & General
Topic: LMP: Social Security, Inflation, and TIPS vs Nominals
Replies: 56
Views: 3559

Re: LMP: Social Security, Inflation, and TIPS vs Nominals

Given that Social Security is adjusted for inflation, if one is building an LMP ladder, do we think it's a better strategy to: a) Supplement SS income with TIPS, thus having 2 income streams that are inflation adjusted b) Supplement SS income with nominals, in case nominals end up being the better ...
by AlohaJoe
Fri Mar 26, 2021 12:50 am
Forum: Personal Investments
Topic: Tax efficiency 2020
Replies: 19
Views: 3129

Re: Tax efficiency 2020

In my own copy I took a crack at Vanguard's Intermediate Treasury Bond ETF VGIT. (You have to hack the spreadsheet to 0 out state taxes.) It appear to have been very tax efficient last year despite a large capital gain distribution. Super low interest rates means not much income and thus not much i...
by AlohaJoe
Thu Mar 25, 2021 6:56 am
Forum: Personal Investments
Topic: Wash rule scenario / clarification
Replies: 23
Views: 1216

Re: Wash rule scenario / clarification

Why do you care about avoiding a wash sale in this scenario? What does liquidating both lots gain you? I'm not sure I understand your reply. I would like to harvest the 2 lots with unrealized loss. However because they sandwich a lot with a gain, I want to know if I need to also sell the lot with t...
by AlohaJoe
Thu Mar 25, 2021 5:31 am
Forum: Personal Investments
Topic: Wash rule scenario / clarification
Replies: 23
Views: 1216

Re: Wash rule scenario / clarification

Why do you care about avoiding a wash sale in this scenario?

What does liquidating both lots gain you?
by AlohaJoe
Wed Mar 24, 2021 10:49 pm
Forum: Investing - Theory, News & General
Topic: Why Are There No Total International ETFs from 20+ years Ago?
Replies: 11
Views: 933

Re: Why Are There No Total International ETFs from 20+ years Ago?

Well ETFs didn't exist at all until 1993, and didn't become so popular until after that. You could use VGTSX which appears to go back to 1996. Or you could use VPACX+VEURX if you want to go back to 1990. I forgot to add etf or passive index funds So when looking at previous data about international...
by AlohaJoe
Tue Mar 23, 2021 7:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard "Important information about your brokerage account"
Replies: 31
Views: 2712

Re: Vanguard email about

But what about this part: Transaction-fee (TF) mutual funds fee. The fee for all TF mutual fund transactions placed online is now $20. I have read that ten times and I still don't know what it means. What is a "transaction-fee mutual fund transaction?" I have never seen that term in 14 ye...
by AlohaJoe
Tue Mar 23, 2021 3:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard "Important information about your brokerage account"
Replies: 31
Views: 2712

Re: Vanguard email about

But what about this part: Transaction-fee (TF) mutual funds fee. The fee for all TF mutual fund transactions placed online is now $20. I have read that ten times and I still don't know what it means. What is a "transaction-fee mutual fund transaction?" I have never seen that term in 14 ye...
by AlohaJoe
Mon Mar 22, 2021 5:37 am
Forum: Non-US Investing
Topic: Which currency ETF for US inflation concern?
Replies: 5
Views: 1009

Re: Which currency ETF for US inflation concern?

would buying a euro-denominated ETF be better than a US one if I have these concerns and I live in the EU? No, the currency the ETF is denominated in has no effect on the returns. The only thing that matters are the underlying assets, not what the ETF happens to use. The Bogleheads wiki explains th...
by AlohaJoe
Sun Mar 21, 2021 9:14 am
Forum: Forum Issues and Administration
Topic: FIRE sub forum
Replies: 37
Views: 3203

Re: FIRE sub forum

The reddit FIRE forum has evolved towards fairly strict moderation (which I agree with) because there simply isn't that much to talk about regarding FIRE. You can go over there and get a feel for how empty the conversation around FIRE actually is. I'm always curious what people actually want to talk...
by AlohaJoe
Sat Mar 20, 2021 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Paying for brother's education abroad as a resident alien
Replies: 2
Views: 415

Re: Paying for brother's education abroad as a resident alien

You'll want to check whether it counts as an exclusion to the gift tax. Tuition to eligible institutions is excluded, meaning it doesn't affect yearly or lifetime limits and doesn't need to be reported. While basically everything inside of the US counts as "eligible", that isn't true for i...
by AlohaJoe
Sat Mar 20, 2021 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I mail my tax returns? IRS paying interest.
Replies: 23
Views: 1816

Re: Should I mail my tax returns? IRS paying interest.

Wk1014 wrote: Fri Mar 19, 2021 11:15 pm
Why wouldn’t they just keep their cash in physical cash?
Cash isn't free to store.
by AlohaJoe
Fri Mar 19, 2021 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I mail my tax returns? IRS paying interest.
Replies: 23
Views: 1816

Re: Should I mail my tax returns? IRS paying interest.

With everything on the IRS’s plate it could cause long delays for filing by mail. Since the IRS interest rate is higher than savings accounts right now it seems like an easy arbitrage. Our refund is going to be about 12k. Back in 2017 something similar happened in Sweden. Swedes intentionally overp...
by AlohaJoe
Fri Mar 19, 2021 6:37 pm
Forum: Investing - Theory, News & General
Topic: Credit Suisse Global Investment Returns Yearbook - Full dataset?
Replies: 3
Views: 332

Re: Credit Suisse Global Investment Returns Yearbook - Full dataset?

I know that folx are familiar with the Credit Suisse Global Investment Returns Yearbook. https://www.credit-suisse.com/about-us-news/en/articles/media-releases/credit-suisse-global-investment-returns-yearbook-2021-202103.html I can find references to it in a lot of places, I see the free pdf for th...
by AlohaJoe
Thu Mar 18, 2021 8:40 am
Forum: Personal Investments
Topic: SpecID vs HIFO for preferred Cost Basis method
Replies: 7
Views: 507

Re: SpecID vs HIFO for preferred Cost Basis method

however I'm reading that HIFO doesn't seem to consider holding period and may recognize short-term gains before long-term gains. Is this correct? It is "Highest In, First Out". It just does what it says on the label. A good broker will have a way to automatically sell to minimize tax cost...
by AlohaJoe
Thu Mar 18, 2021 2:11 am
Forum: Personal Investments
Topic: parking 200k in black rock multi asset
Replies: 9
Views: 1001

Re: parking 200k in black rock multi asset

0.57% ER for a bond-like thing also seems terrible. It trails its benchmark at every interval: 1year, 3year, 5year, 10year. Lost -30% in 2008 -- so much for price stability. Lost -10% in March 2020, as well. (100% equities lost -13%.) Seems like it is basically a 50/50 portfolio except worse in ever...
by AlohaJoe
Thu Mar 18, 2021 1:54 am
Forum: Investing - Theory, News & General
Topic: unconscionable - (rant about dividend declaration dates)
Replies: 3
Views: 1043

Re: unconscionable - (rant about dividend declaration dates)

Don't buy Vanguard funds; that's my solution to this very problem. Every other fund provider I use is competent about this. I'd really love to one day hear the behind the scenes explanation of Vanguard's incompetence around dividend dates.
by AlohaJoe
Wed Mar 17, 2021 11:22 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 435
Views: 94043

Re: Interactive Brokers (Best Kept Secret)

Does anyone else see that ACH deposits take about a week to show up on the account? I have Ibkr lite so maybe pro has faster transfers. https://interactivebrokers.com/en/index.php?f=1544 "ACH requests received by 12:00pm ET will be credited to your account same day and available to trade after...
by AlohaJoe
Wed Mar 17, 2021 11:21 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 435
Views: 94043

Re: Interactive Brokers (Best Kept Secret)

Does anyone know how much of your portfolio you can borrow against at IB and what the maintenance call is? I looked on their website and it only talks about purchasing more securities on margin and then gives complicated calculations to figure out the margin requirement. I wouldn't be purchasing mo...
by AlohaJoe
Wed Mar 17, 2021 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Adding margin lending to a Fidelity after-tax brokerage account
Replies: 53
Views: 2457

Re: Adding margin lending to a Fidelity after-tax brokerage account

I would also like to know for certain on this. I have had margin account at IB since March of last year and benefited tremendously from it but since someone mentioned rehypothecation here I am feeling uneasy about it. How likely is rehypothecation/other practices leading to bankruptcy for someone l...
by AlohaJoe
Wed Mar 17, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Adding margin lending to a Fidelity after-tax brokerage account
Replies: 53
Views: 2457

Re: Adding margin lending to a Fidelity after-tax brokerage account

2. If qualified dividends are paid on a loaned security you'll receive "cash-in-lieu" instead, which is ordinary income. I haven't checked recently, but I believe Fidelity compensates you for the potential extra taxes and assumes the maximum federal tax rate. I but I don't recall ever hav...
by AlohaJoe
Wed Mar 17, 2021 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question: Capital Losses
Replies: 5
Views: 550

Re: Tax Question: Capital Losses

There aren't any decisions to make, so that all sounds normal to me.
by AlohaJoe
Tue Mar 16, 2021 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Any long term early retirees here?
Replies: 41
Views: 6589

Re: Any long term early retirees here?

what are you looking for exactly though? The market has been a raging bull since 2009 so there isn't any market crash experience anywhere lately... the last was 2007, so anyone who retired 2007 and earlier I guess... I agree with what you're saying. However, retiring in "good times" has a...
by AlohaJoe
Tue Mar 16, 2021 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Work from Home - Most Tax Friendly States (Not Cost of Living)
Replies: 76
Views: 5947

Re: Work from Home - Most Tax Friendly States (Not Cost of Living)

Hence, if you were in your 20's, 30's, 40's and could setup shop anywhere to WFH. Where would you go in true Bogleheads fashion? Dubai or Singapore. If you have to stay in the US (I don't know why, since you can WFH) then Puerto Rico. Time zones. Zoom meetings at 4 am are not my cup of tea. If Zoom...
by AlohaJoe
Tue Mar 16, 2021 8:35 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29506

Re: 4% rule disputed (Again??!!)

If you are going to make an argument from authority for this paper by citing Michael Finke's "renowned college", you should make the college clear: The American College of Financial Services. I'm not sure there's much value in making ad hominem arguments based on vague implications. Finke...