Friday, May 25, 2018

Short Takes: Trailer Class Action, Bogle Responds, and more

Here are my posts for the past two weeks:

Skin in the Game

Asset Location Errors

Here are some short takes and some weekend reading:

Salman Ahmed at Steadyhand explains a proposed class action lawsuit against TD’s asset management division over trailing commissions. These fees are supposed to be for advice, but discount brokers aren’t allowed to offer advice.

John Bogle responds to critics.

Jason Heath explains the potential problems with taking “dad’s money now to avoid probate.”

Andrew Hallam compared Vanguard fund returns to those of Dimensional Fund Advisors and found that Vanguard had a slight edge.

Big Cajun Man’s daughter ran into the same problems he’s had with investing in TD e-Series funds. She thought she opened a TD Direct Investing account, but it was actually a TD Mutual Fund account.

The Blunt Bean Counter explains rules for capital gains and losses on a terminal tax return. I wasn’t aware of some of the choices an executor can make.

Robb Engen at Boomer and Echo says he’s still on track to reach financial freedom at age 45. For most people, I tend to be skeptical that at age 40 or earlier they can predict their spending needs and desires in their 60s and beyond. However, in this case, Robb has proven he can create non-trivial alternative streams of income, and he intends to keep them going after he gives up his full-time job. Most people would be happier spending an extra year in their regular job instead of scrambling ineffectively looking for some sort of part-time income. Robb is an exception.

Larry Swedroe takes some good investing lessons from poker player Annie Duke.

Robert McLister explains recent changes to mortgage rules that will help some borrowers get lower mortgage rates.

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