S**C
发帖数: 2964 | 1 Just pointing out $10,000 put into VFINX on 05/01/2008 will grow to $14,935
today with dividend reinvestment. The dividend and capital gains subject to
a far better tax treatment than interest, as a bonus.
is
2000
10
to |
|
S**C
发帖数: 2964 | 2 Just pointing out $10,000 put into VFINX on 05/01/2008 will grow to $14,935
today with dividend reinvestment. The dividend and capital gains subject to
a far better tax treatment than interest, as a bonus.
is
2000
10
to |
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z********i
发帖数: 568 | 3 Fidelity帐户中有一笔十几块的realized g/l。但没有像divident那样reinvest成新的
share。这笔钱是怎么回事？ |
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z********i
发帖数: 568 | 4 那realized g/l是这个例子中的5500还是500？如果是5500，那么就意味着mutual fund
每次卖股票都要显示在账户上。如果是500，那么就分到个人账户上reinvest成新的
shares。 |
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z********i
发帖数: 568 | 5 那为什么没有reinvest成新的shares？ |
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z********i
发帖数: 568 | 6 越来越糊涂了。说说我对mutual fund的理解吧：
我买了5000的mutual fund（100股）。Mutual fund卖了一些股票，挣了500。按规定
500应返还给我作为capitoal gain/loss。我的选择是reinvest。所以这500应该买新的
shares，假设10股。那我的账户就应该有100+10=110股了。 |
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d*g
发帖数: 62 | 7 刚开了个IRA帐号
买mutual fund好象一次有$7手续费
我想问的是，如果选择dividend/capital gain Reinvest的话，
这个dividend/gain的投资应该没有手续费吧？ |
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S**C
发帖数: 2964 | 8 There is no transaction fees to reinvest div/cg in any brokerage as I know.
I remember ST charge $17 each way for TFs, $7 is for stocks and ETFs. ST
also carries a good selection of NTFs. |
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j******3
发帖数: 18319 | 9 关于mutual fund，除了每个月auto invest之外，我想有没有可能time market，比如
在价格上涨或下跌x%的日子按收盘价购买。
测试了一下，结果很有意思。可能测试有漏洞，欢迎指正，或解释结果形成的原因。
测试使用的是VFIAX (Vanguard S&P 500 fund) 和SPY (S&P500 ETF).
结论:
0. 还是按照每个月固定日期购买。time market很不确定是否会有超额收益。
1. 每月固定日期购买，选择不同的日期，收益差别非常小。
2. VIFAX（测试期 1/2/2001 - 4/26/2013），在上涨或下跌越大的日子按收盘价购买
，收益越高。波动幅度相同的话，在上涨的日子购买会比下跌的日子购买收益高4%左右
。在上涨或下跌的日子购买都比每月按固定日期收益高。
3. SPY（测试期 1/29/1993 - 5/2/2013），在上涨或下跌越大的日子按收盘价购买，
收益越低。在上涨或下跌的日子购买都比每月按固定日期购买收益低。
测试的假设：1) 每次购买$100. 2) 价格数据用的是Yahoo的adj price，即：除去股息
，... 阅读全帖 |
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j******3
发帖数: 18319 | 10 不卖啊。我只买大盘指数基金。
数据的bias应该是没有auto reinvest。这两个指数基金应该都没撤市。 |
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N****g
发帖数: 2829 | 11 bond fund风险低是相对stock fund来说的，这点没有异议吧？
Fed cut QE3后，国债利率必然上涨，那些买国债的Bond Fund的yield也会相应上涨，
抵消NAV的下跌。我的一个Bond fund在Scottrade里面显示Unrealized Gain/Loss是-2.
5%，但我比较一下我当时投进去的钱和现在fund的价值，不仅不是亏2.5%，而是赚2.7%
，就是因为我不停的reinvest yield，scottrade算gain/loss的时候没有把yield算进
去。
现在的问题是Bond Fund价格有点虚高，将来一段时间价格的下降可能比yield的上升来
得更快，但长期来说，并不会亏到哪里去。 |
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r*******y
发帖数: 290 | 12 Roth and traditional IRA makes big differences in the long term
The difference is the reinvestment and tax delay of the dividend yield
If you have sufficient funds to invest in your personal account,
you should select ROTH. |
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r*******y
发帖数: 290 | 13 Roth and traditional IRA makes big differences in the long term
The difference is the reinvestment and tax delay of the dividend yield
If you have sufficient funds to invest in your personal account,
you should select ROTH. |
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m****a
发帖数: 2593 | 14 https://investor.vanguard.com/what-we-offer/etfs/compare-etfs-and-index-
funds
have you read this?
Yes
usually it is very tiny
ETF, Vanguard imposes a 90 day trading ban on mutual fund accounts after you
sell, so it makes it a pain to do tax loss harvesting
One nice thing about Funds is dividends are more easily reinvested in the
funds.
I think that getting the whole amount of your desired money into the
market all the time negate the the other advantage ETFs have. |
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m****a
发帖数: 2593 | 15 https://investor.vanguard.com/what-we-offer/etfs/compare-etfs-and-index-
funds
have you read this?
Yes
usually it is very tiny
ETF, Vanguard imposes a 90 day trading ban on mutual fund accounts after you
sell, so it makes it a pain to do tax loss harvesting
One nice thing about Funds is dividends are more easily reinvested in the
funds.
I think that getting the whole amount of your desired money into the
market all the time negate the the other advantage ETFs have. |
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M****Q
发帖数: 26 | 16 但这样也不赚钱啊，因为股市上升多出的那点钱拿不出来reinvest, 原来多少股，一年
后没有分红还这么多，只靠股价干涨而没有利滚利；也没法卖，卖了就相当于从退休帐
户取钱要罚款，太受限制了，大家教我啊。 |
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b**********t
发帖数: 63 | 17 我在基金distribution那一页看到
Record date: 12/20/2013, reinvest date: 12/23/2013, payable date: 12/24/2013
各是什么意思呢？是不是只要在12/24之后买就行了？ |
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y****i
发帖数: 778 | 18 Portfolio Construction is different.
BSJF BulletShares High Yield Corporate Bond 2015 Index is designed to
represent the performance of a held-to-maturity portfolio of U.S.-dollar-
denominated high-yield corporate bonds with effective maturities in 2015.
The fund will terminate on Dec. 31, 2015, and will make a cash distribution
to current shareholders of its net assets. As bonds mature in the final six
months of operation, the fund's portfolio will transition maturing
securities to cash.
HYG iS... 阅读全帖 |
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y****i
发帖数: 778 | 19 Portfolio Construction is different.
BSJF BulletShares High Yield Corporate Bond 2015 Index is designed to
represent the performance of a held-to-maturity portfolio of U.S.-dollar-
denominated high-yield corporate bonds with effective maturities in 2015.
The fund will terminate on Dec. 31, 2015, and will make a cash distribution
to current shareholders of its net assets. As bonds mature in the final six
months of operation, the fund's portfolio will transition maturing
securities to cash.
HYG iS... 阅读全帖 |
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s**********d
发帖数: 36899 | 20 don't re-invest for taxable account, it makes cost basis tracking and tax
filing hard.
和
dividends
★ 发自iPhone App: ChineseWeb 8.6 |
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s**********d
发帖数: 36899 | 21 fund/stock一旦有dividend或者distribution，那钱就和你别的钱一样，
你再re-invest就和另外花钱买股票或fund一样。对非taxable account来说，
你干啥都无所谓，re-invest省心。但对taxable，你再买就有一个新的lot，
要track cost basis, 再卖又可能有些是新买的。 |
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c******z
发帖数: 1230 | 22
谢谢回复。现在的情况是，大部分的自己都在taxable账户中，只有小部分在non-
taxable账户中，而且long/short capital gain的税率差别还不小，所以想如何能省一
点税。。。。 |
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S**C
发帖数: 2964 | 23 Wash sale rule applies to MFs. |
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c******z
发帖数: 1230 | 24
dividend
Turbotax
weighted
to
谢谢回复，我的portfolio里面也没有MF，全部都是ETF（以及少量的stock）。可是ETF
为什么是rational choice呢？
我在Schwab的管理型账户（全部由ETF组成）的税表出现有dividend和capital gain
distribution，虽然账户内没有任何卖出的动作发生。 |
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S**C
发帖数: 2964 | 25 Because ETFs have little if any capital gain/loss if you do not sell. I am
not familiar with those "managed account", have no idea how it works. From
what you described, I suspect they churned your account.
ETF |
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S**C
发帖数: 2964 | 26 If you really believe you need help on investment, you may want to find a
Fee-only Registered Financial Adviser.
The rational is this, a good adviser with your best interest at heart (
fiduciary duty) need to spend time with you to setup an investment thesis
for the long term, and he or she only needs to do it once and be done with
it for at least five years. You may want to follow up with him every year or
two, or your situation has material changes. Otherwise, stay the course.
There is no reas... 阅读全帖 |
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r****m
发帖数: 1204 | 27 This is Asset Allocation question every investor faces, a general principle
is:
Tax-efficient vehicles belong in taxable accounts;
tax-inefficient vehicles belong in tax-deferred accounts
当然, 具体情况还是要具体分析. |
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d*w
发帖数: 384 | 28 asset reallocation in taxable account involves tax. i miscalculated in 2013
and the reallocation resulted in a net loss that could last for a few years
or forever because of tax.
principle |
|
c******z
发帖数: 1230 | 29
2013
years
谢谢回复。请问可否分享一下哪些地方容易计算出错、造成损失？谢谢。 |
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d*w
发帖数: 384 | 30 我估算错了基金自己的distribution，而且这distribution在年底才发，没时间把工资
往退休账号多放点了。其中一个前几年年底一股才相当于1%左右的distribution，但13
年底的相当于25%的，所以总值没怎么长，但要缴税。另外年中买卖的时候没预计到这
个，税档也变了。 |
|
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S**C
发帖数: 2964 | 32 All MFs tell their shareholders their estimated year-end distribution around
November. You need to go to their website to check especially if your funds
carry large potential CG exposure (check from M*) and also have high
portofolio turnover rate.
13 |
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d*w
发帖数: 384 | 33 我的每个月账单上都有预估，但有时候有的基金偏差很大。我年中6、7月份要买卖的时
候的预估还是低的，买卖完了没活钱折腾了也就不看了，所以年底吃了一惊。我基本放
弃预估了。
around
funds |
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p******g
发帖数: 15 | 34 time horizon is important. actually, if you buy and hold VFINX from 2000-
2014 your total return(dividend reinvested) is 1.5% annual equivalent. if
you hold from 2000-2012 your annual return is -0.75%.
Without question, IUL would have beaten VFINX. even with averaging cost
basis method, IUL still beats VFINX.
In theory you can mimic IUL with a call spread option on SPX. the premium
for the option costs about 6-8%. so you need a fixed income instrument that
can generate 6-8% interest to fund the ... 阅读全帖 |
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p******g
发帖数: 15 | 35 back test from 1998-2013
assuming a 0% floor 12% cap IUL
year s&p s&p IUL
13-Dec 1848 30% 12%
12-Dec 1426 13% 12%
11-Dec 1258 0% 0%
10-Dec 1258 13% 12%
09-Dec 1115 23% 12%
08-Dec 903 -38% 0%
07-Dec 1468 4% 4%
06-Dec 1418 14% 12%
05-Dec 1248 3% 3%
04-Dec 1212 9% 9%
03-Dec 1112 26% 12%
02-Dec 880 -23% 0%
01-Dec 1148 -13% 0%
Dec-00 1320 -10% 0%
Dec-99 1469 20... 阅读全帖 |
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w*****o
发帖数: 105 | 36 good analysis!
but the total return from S&P is 50% per my calc.
Also, if including the divident reinvestment, which I found online, the
total return of S&P is 102%.
for the IUL, if the cost is 1.5%, the total return would be 109%, which is
quite close to S&P's.
Does anybody know the ACTUAL cost of owning an IUL?
BTW, since 1960, there are only 3 years which have -20% or worse performance
, and there are two in the period btw 1999 and 2013. I.e., that period
probably would be the most favorable ... 阅读全帖 |
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b*******z
发帖数: 331 | 37 现金流为0的实质是来自mortgage payment的principal部分，相当于股票的dividend，
只不过被强制立刻reinvest到房子里成为equity的一部分。
所以简单说打平就是赚了。 |
|
s******8
发帖数: 4192 | 38 我估计LZ在international回报比较高。
1989到2014，large/middle/small cap的total return (包括dividend reinvestment)
在9%-10%.还不包括管理费。所以平均一年16%的return非常惊人。international的数
据查不到，所以不知道LZ的回报是多少。
除非LZ把1989后每年的401 contribution也算到这个40倍里去了。 |
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y****i
发帖数: 778 | 39 Yes, bond or bond fund performance is not bad at all if you compare the
right one.
MXLMX Great-West Loomis Sayles Bond
11/1/1994-5/12/2014, 6.2x, I couldn't find data before 1994.
VFINX Vanguard 500 Index Inv
11/1/1994-5/12/2014, 5.7x,
8/31/1989-5/12/2014, 8.9x.
CUSIP 452221BV5
Federally Taxable NO
Subject to Alternative Minimum Tax NO
Price 83.529
Interest Accrual Date 04/24/1990
Maturity Date 12/15/2019
Insurer AMBAC
Initial Offering Price/Yield: 11.603
04/24/... 阅读全帖 |
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l******n
发帖数: 4276 | 40 我也觉得lz应该是把后面的401K全部算进去了。否则这个投资回报太恐怖了。
reinvestment) |
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M********r
发帖数: 278 | 41 http://online.wsj.com/articles/fidelity-bans-overseas-investors
"Employer-sponsored plans such as 401(k) and 403(b) plans aren't affected by
the prohibition, but individual retirement accounts and Roth IRAs are"
"account holders still will be permitted to reinvest dividends in additional
shares of a fund."
" account holders' ability to purchase individual securities or exchange-
traded funds varies from country to country."
apparently "selling U.S. mutual funds to those investors had long been
p... 阅读全帖 |
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h****g
发帖数: 259 | 42 这个无所谓，在哪个账户里都可以automatic reinvest
问题是分红要上税。本来就是你的钱，转了一圈，被IRS抽掉15%或者更多
你去看这个fund的分红，每年都有10%左右，相当于每年损失1-2%
这也是active management的问题之一，买卖频繁造成税率损失大
当然，要是在401k或者IRA里面就无所谓了，反正不用交税 |
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w***n
发帖数: 1519 | 43 Whether you choose to automatically reinvest the dividend/capital gain, it's
your
decision to make. But you are right, dividend doesn't add any value
whatsoever to either the company/fund or your portfolio, period. |
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t***n
发帖数: 546 | 44 最后拿钱出来只有最后一年reinvest 的divident可能会是STCG。不过数量不多，忽略
就好了
★ 发自iPhone App: ChineseWeb 8.7 |
|
|
f*******e
发帖数: 5277 | 46 大牛也在试水这个呀。我2月中旬扔了5k进去试试，用的是他家的自动投资，没有设置
reinvestment，主要还是对未来信心不够，毕竟流动性太差了。目前11%左右回报，有
过三个grace period的，但还没有default。 |
|
|
f*******e
发帖数: 5277 | 48 大牛也在试水这个呀。我2月中旬扔了5k进去试试，用的是他家的自动投资，没有设置
reinvestment，主要还是对未来信心不够，毕竟流动性太差了。目前11%左右回报，有
过三个grace period的，但还没有default。 |
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M********r
发帖数: 278 | 49 You are right. He stopped reinvesting one yr ago. I did not catch that. My
bad.
As play money, P2P could be fun. But simply as a way to achieve higher
yields, P2P is not getting my money because of unfavorable (1) credit risk
(2) liquidity.
idle
a |
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w***n
发帖数: 1519 | 50 Thanks a lot for the info on HSA bank and Elements Financial. HSA is new to
me. We used to have a generous health insurance plan. Didn't know I have
the option to move HSA money to other provider. I hope our policy allows me
to shop around. And do you have to take the burden of manually recording the
trades/dividend/reinvest for tax reporting purposes?
Regarding the comparisons, let me try to explain better what I meant:
The HSA money is not tax free until you actually spend it on medical
expen... 阅读全帖 |
|
