Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
That's right, we're going to Make America Great Again™ not by nurturing American businesses, but by becoming corporate raiders. Given the current budget deficit, I think it would qualify as an LBO.
See also:
https://www.nytimes.com/2020/02/07/busi…
Are you trying to tell us that we should put our money into mattresses?
On the next trading day, CSPR closed at $11.05, down 18% on the day. That was lower than the bottom of its IPO pricing range, which had already been reduced by about a third f…
I wrote: The fund did well out of the gate, for its first two years, but has been essentially flat over the past three. My guess is that the star rating will nevertheless go up in a couple of weeks when the fund hits the five year mark.
The fund n…
I'm not clear how you're reading this. On the other hand, I took the fact that this was a 30 year loan as irrelevant, while you're trying to figure out what it means.
All that matters for a loan that you amortize (pay down by paying interest plus…
M* seems to have the value factor backward for all funds (or at least the few funds I spot checked). Evidence can be found by comparing the example for Brown Capital Management Small Company (BCSIX) in their Factor Analysis User Guide with the fac…
I read it as:
$150,000 balance [remaining on the 30 year mortgage]
$1,500 (P&I and a little extra for about a 10-year payoff)
(I also cheated and checked with an amortization calculator to see that a $150K balance at @4% can be paid off in ten…
@mcmarasco ISTM you're overthinking this.
The 30,000 foot view: What your are considering (investing the $150K) is a form of leveraged investment. It's as if you started with nothing in your pocket and your home paid off, and then you borrowed at…
Regarding the Credit Karma tax program.
Is this a download program that may be completed "at home" and mailed (paper form); or is all of one's data loaded to their server, remains there; and then the completed document is e-filed by the tax payer?…
There were competing proposals from the House and the Senate on eliminating/capping the ability to deduct state and local taxes. This was one of the most heavily discussed and debated provisions of the Tax Cuts and Jobs Act (TCJA) of 2017. Most …
There's a more interesting question because state and local tax (SALT) deductions were limited to $10K starting in tax year 2018. What happens if you do claim a deduction (of the full $10K) for SALT and then get a refund?
According to The Balance…
Is that all you had problems with? I'm still trying to decrypt this sentence in the piece:
China’s central bank talked about the cross would save particular that there turned ample liquidity throughout the banking scheme and assist present a bag …
Even without writing checks, simply having a bond fund where you automatically reinvest monthly can create pages of transactions when you sell enough of the fund.
I liquidated a fund in 2018 and the software generated 3½ pages of entries on Form 89…
Thanks, but it was catch's neighbor looking into this. Still, I agree with you (and catch) that this is a good way to start. Especially for a student with some side income that is too low to be taxed at all.
" I also suggested the $1,000 from self employment*** be contributed ...
***self employment income qualifies for Roth IRA contributions; but in this case, the individual doesn't have enough combined income to require filing a tax return."
One must …
On one of the United Way pages, it says that MyFreeTaxes.com got rid of the income restriction in 2020.
https://www.unitedway.org/myfreetaxes/partners
IN TAX SEASON 2020, H&R Block HAS removed the INCOME CAP for myfreetaxes. it's free to anyone…
Zacks is just recycling its pablum. It's not all nonsense, but it has a fair share of misstatements, errors, and opinion masquerading as facts.
Its last NASDAQ contribution, dated Jan 14, was also linked to in a post
https://mutualfundobserver.co…
deliberately divorced from what's going on around meWhat about those divorced from what's going on around them through no fault of their own? Should we remove those chirping traffic lights because they're so annoying?
http://www.apsguide.org/chapt…
That sounds about right. Once Vanguard (mutual fund platform) got my transfer request, Fidelity cut a check within a couple of days or so. But it took Vanguard weeks to receive and/or post that check, same as T. Rowe Price.
Compare and contrast:
Cash transfer to mutual fund platform (i.e. direct purchase of fund from family, not via brokerage); 4 weeks, by check, one week additional hold on moneys
Cash transfer to brokerage platform: 3 business days (5 calendar days…
From SSA, 2017 (using 2015 data):
"We find that about half of the population aged 65 or older live in households that receive at least 50 percent of their family income from Social Security benefits and about 25 percent of aged households rely on S…
"banks like Capital One, Ally, Symphony or Barclays. I have an account with Cap-one but I've thought of adding a second for more options. These places are always in the top tier of CD and MM rates without enticing gimmicks. The listed choices in the…
A couple of quick reminders about 60 day rollovers from defined contribution plans (403(b)s, 401(k)s, etc.):
- All pre-tax money (employer contributions, earnings on any money not in a Roth) that is eligible to be rolled over (e.g. not part of an …
Lots of funds are NTF without a 12b-1 fee. That just means that the servicing fee isn't called out explicitly, not that it doesn't exist.
For example, JACTX class T (retail class) has ER of 0.91%, no 12b-1 fee, and is NTF at several brokerages…
Regarding the original article, what's the problem?
The arithmetic of a progressive income tax is that the more you make the higher the percentage of your income you pay in tax. So the top 10% of earners pay 1.6x the average rate (54%/34%). …
Since 2011 health insurers, even drug plan insurers, have had to comply with the medical loss ratio (MLR) requirements created by the ACA. CMS issued rules in 2013 saying that this law applies to Medicare plans and that they have to spend at least…
There are many different online pharmacies (and referral services) with nearly the identical Surrey addresses. For example, 90DayMeds is at 7360 137 St, #338, OnlinePharmaciesCanada is at 7360 137 St #381, QualityPrescriptionDrugs.com is at #245,…
It appears that banks are beginning to figure this into their investment decisions.
To restore faith in the 737 MAX, Boeing ( BA ) needs to prove its flagship jet is not just airworthy but also a safe investment. ... Airplane owners and investors s…
The term of art is "diminished financial capacity".
https://www.sec.gov/oiea/investor-alerts-bulletins/ib_illness.html
This is something fairly new and is different from the usual levels of access. It's closer to Fidelity's "Request for Duplicat…
bee wrote about how muni bondsales might or might not generate taxable capital gains or losses. The fact that muni fund distributions are federally exempt is a completely different matter.
@FD1000, bonds are taxed differently from funds. Sa…
https://www.fool.com/taxes/2020/01/23/does-social-security-income-go-on-my-2019-tax-retu.aspx
Does Social Security Income Go on My 2019 Tax Return?
Think uncle Sam gives 100 dollars but uncle IRS may take back up to 40 dollarsYou may have paid to…
Interesting to note that gains (on muni bonds) are tax free and losses (on muni bonds) can be claimed against other taxable gains.
@MSF
All my HY munis funds' monthly distributions for 2018 (and all priors years) were Fed exempt. I never buy single…
Hi @Mark
This is not a direct relate to your particular question; but a further look into Roth conversions.
I can not verify the suggested numbers or data.
HERE
I'll use their numbers to reiterate my comment about external impacts.
Aim to “fill …
Personally, I set up a spreadsheet with the rudiments of a 1040. But then you'd sort of expect me to do that :-)
Something relatively easy to do is to take the software you used to prepare your last tax filing and tweak that year's inputs. Just…
Taxation of muni bonds is not so straightforward.
Thumbnail sketch:
- "gain" (actually accretion) due to OID is reportable annually as tax exempt interest (can affect SS, IRMAA)
- "gain" due to market discount is taxable as ordinary taxable incom…
Articles in The Economist and the Financial Times are also UK articles. That doesn't make them of less interest to US investors. It's only when they discuss specific foreign securities and that fact is not flagged up front that readers can feel…
Many brokerages allow you to trade ETFs that are sold on foreign markets. For example, Fidelity says that:When you sign up for international trading, most common stocks and exchange-traded funds (ETFs) listed in the following markets will be avail…
“When a businessman is about to sign a check to someone who owes him something, he said, the businessman asks that person to pay up before signing the check.”
Last time he got caught not delivering before the election, so this time he's asking for…
Of course it's election season. Second verse, same as the first ...
Trump raised eyebrows in October when he suddenly began to talk about a 10 percent tax cut for the middle class ...
... ahead of the midterms.https://www.vox.com/policy-and-polit…
