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by 555
Fri May 22, 2015 4:17 am
Forum: Investing - Theory, News & General
Topic: Teaching 8 year old about stock market...
Replies: 22
Views: 1273

Re: Teaching 8 year old about stock market...

Get him to read and understand this and related topics.
http://en.wikipedia.org/wiki/Brownian_motion
by 555
Wed May 20, 2015 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card w/ 5% Cash Back Rotating Category is Best?
Replies: 37
Views: 4097

Re: Which Credit Card w/ 5% Cash Back Rotating Category is Best?

It's not a question of getting 5% back. I can't even get to step one. Amazon claims these (Sallie Mae) cards don't even exist in the first place. It claims to not recognize the numbers. They simply can't be used on Amazon at all. That is even stranger. I would contact SM and/or Amazon to straighten...
by 555
Wed May 20, 2015 5:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard implements 20 character passwords
Replies: 63
Views: 9881

Re: Vanguard implements 20 character passwords

I realize this is 18 months old, but I cannot find this. How do you change timeout settings these days. I am Flagship and don't have the brokerage account so your pages may look different, but mine work like this when logged in >> My Accounts >> Account maintenance (bottom of 3rd column) >> under S...
by 555
Wed May 20, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card w/ 5% Cash Back Rotating Category is Best?
Replies: 37
Views: 4097

Re: Which Credit Card w/ 5% Cash Back Rotating Category is Best?

Ok, so I used Sallie Mae card at Walmart Super Center and got 5% cash back. So nice card. With two of them my limit has gone to 500 a month from usual 250 Me too. Unfortunately it seems amazon.com does not recognize these cards. :confused All of my Amazon purchases except digital downloads and Prim...
by 555
Wed May 20, 2015 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card w/ 5% Cash Back Rotating Category is Best?
Replies: 37
Views: 4097

Re: Which Credit Card w/ 5% Cash Back Rotating Category is Best?

amitb00 wrote:Ok, so I used Sallie Mae card at Walmart Super Center and got 5% cash back. So nice card. With two of them my limit has gone to 500 a month from usual 250

Me too. Unfortunately it seems amazon.com does not recognize these cards.
by 555
Wed May 20, 2015 12:26 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9241

Re: How much does social security factor into your retirement income?

To make up for the pessimists, I will state that I expect to receive one googolplex percent of the amount to which I am entitled from Social Security.
by 555
Tue May 19, 2015 10:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard implements 20 character passwords
Replies: 63
Views: 9881

Re: Vanguard implements 20 character passwords

Duckie wrote:Either from the top or the bottom of the page mine works like this:

My Accounts >> Account maintenance >> Security profile >> Timeout settings


I realize this is 18 months old, but I cannot find this.
How do you change timeout settings these days.
by 555
Tue May 19, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Cautionary tale regarding 401(k) rollover to IRA
Replies: 16
Views: 1804

Re: Cautionary tale regarding 401(k) rollover to IRA

@ cdevers , did this process totally avoid being out of market, or did it just minimize the time? Minimized the time. I forget now, but I think the funds were in transit for about week, give or take. Yikes! A week ! That's still pretty bad. The market can move a lot in that time. Even in a day. It ...
by 555
Tue May 19, 2015 3:13 am
Forum: Investing - Theory, News & General
Topic: Investing in long bonds if close to buying an SPIA ?
Replies: 5
Views: 501

Re: Investing in long bonds if close to buying an SPIA ?

I've wondered about this. The idea is obviously vaguely right, while the reality is more complex. The question I'd be interested in is this. Suppose you plan to initially live off your portfolio (assume no income streams) with the idea that around age 75 or 80 you may annuitize a portion of your ass...
by 555
Tue May 19, 2015 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Checking
Replies: 23
Views: 2231

Re: Capital One 360 Checking

I also have had Capital One 360 from its ING days. One distinguishing feature between Capital One and Ally (which I've looked into but don't have an account there yet) is that Ally allows both international and domestic wire transfers in, free of charge. Capital One only does domestic. Capital One ...
by 555
Tue May 19, 2015 1:59 am
Forum: Investing - Theory, News & General
Topic: Index fixed income?
Replies: 2
Views: 386

Re: Index fixed income?

Even Vanguard actively manages many of its bond funds.
by 555
Tue May 19, 2015 1:52 am
Forum: Investing - Theory, News & General
Topic: Very misleading graph on stock and bonds price change.
Replies: 10
Views: 1223

Re: Very misleading graph on stock and bonds price change.

It's completely obvious my explanation is right.
No excuses of course for their graphs, but just be aware that you are dealing with complete idiots.
by 555
Mon May 18, 2015 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cautionary tale regarding 401(k) rollover to IRA
Replies: 16
Views: 1804

Re: Cautionary tale regarding 401(k) rollover to IRA

@cdevers, did this process totally avoid being out of market, or did it just minimize the time?
by 555
Mon May 18, 2015 7:44 pm
Forum: Investing - Theory, News & General
Topic: Money Market Expense Ratios
Replies: 8
Views: 789

Re: Money Market Expense Ratios

Why all the expenses?
Why not just stuff the money into a mattress?
by 555
Mon May 18, 2015 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Cautionary tale regarding 401(k) rollover to IRA
Replies: 16
Views: 1804

Re: Cautionary tale regarding 401(k) rollover to IRA

livesoft wrote:My spouse's 401(k) check sat on the front doormat for more than a day before I noticed it. We didn't mail it anywhere.

Okay, I'll bite.
It was just a stray dividend that was worth less than a postage stamp?
by 555
Mon May 18, 2015 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: adversarial inheritance situation - advice needed.
Replies: 23
Views: 3210

Re: adversarial inheritance situation - advice needed.

Is it too late (statute of limitations) to pursue criminal/civil action for the previous fraud? I cannot fathom why that was not done. There must be more than one sociopath in this family if the appropriate legal action was inhibited.
by 555
Mon May 18, 2015 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Cautionary tale regarding 401(k) rollover to IRA
Replies: 16
Views: 1804

Re: Cautionary tale regarding 401(k) rollover to IRA

The practice of mailing direct rollover checks to the employee to forward to his IRA custodian is entirely normal and is used by the vast majority of plans (for whatever reasons). The issue in your example was either that you were not told how the funds would be distributed or perhaps it was buried...
by 555
Sun May 17, 2015 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Checking
Replies: 23
Views: 2231

Re: Capital One 360 Checking

I started a thread here about looking for a new account. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=165903 I have Capital One 360 Checking, and it's mostly okay, but it looks like Ally has a couple more features I want, so I'll open one there (and keep both for a while). They both do t...
by 555
Sun May 17, 2015 2:20 pm
Forum: Personal Consumer Issues
Topic: Keep underground storm cellar (in Florida)?
Replies: 26
Views: 1114

Re: Keep underground storm cellar (in Florida)?

Build a shed over it, so the shed can collapse into the hole. Then watch your neighbors.
by 555
Sun May 17, 2015 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Which online banks accept incoming wires (and are generally good).
Replies: 13
Views: 858

Re: Which online banks accept incoming wires (and are generally good).

Thanks for the suggestions everyone. I've been checking out the websites. It's certainly good to know I could receive wires at Vanguard if necessary, though I don't have or want a MM fund, and I couldn't find anything on their website, so I wouldn't want that to be my only wire option. Anyway, I use...
by 555
Sun May 17, 2015 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Which online banks accept incoming wires (and are generally good).
Replies: 13
Views: 858

Re: Which online banks accept incoming wires (and are generally good).

Are you talking incoming foreign or domestic wire? I believe some banks that claim to offer fee-free incoming foreign wires must go through an intermediary with a Swift code, and their fee will be passed on to you. Ally, possibly, according to discussions on Fatwallet. It's actually from USForex, a...
by 555
Sun May 17, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Which online banks accept incoming wires (and are generally good).
Replies: 13
Views: 858

Re: Which online banks accept incoming wires (and are generally good).

Hmmm, Alliant and Ally are very similar names, but I assume there's no connection, right?
by 555
Sun May 17, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9241

Re: How much does social security factor into your retirement income?

The old 3 legged stool, income is about one third each-investments, pensions, and SS. I have a 1-legged stool. Zero percent social security. Zero percent pensions. One hundred percent investments. That's not an assumption. That's reality. That's odd. Because most people who do not pay into SS durin...
by 555
Sun May 17, 2015 11:14 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9241

Re: How much does social security factor into your retirement income?

What prompted the question was this Gallup poll saying only 36% of not-yet-retired people expect to rely heavily on SS income in retirement. (article: http://www.gallup.com/poll/182921/nonretirees-expect-rely-social-security.aspx ) The overwhelming thing to take away from that poll is that most peo...
by 555
Sun May 17, 2015 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Which online banks accept incoming wires (and are generally good).
Replies: 13
Views: 858

Which online banks accept incoming wires (and are generally good).

I'm ditching my local credit union accounts (for various reasons, doesn't matter here). That will just leave me with a Capital One 360 (used to be ING Direct) online checking/savings account. I'm mostly okay with this account, but one missing feature is that they don't accept incoming wires, which i...
by 555
Sun May 17, 2015 12:23 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9241

Re: How much does social security factor into your retirement income?

4ransom wrote:The old 3 legged stool, income is about one third each-investments, pensions, and SS.
I have a 1-legged stool.
Zero percent social security.
Zero percent pensions.
One hundred percent investments.
That's not an assumption. That's reality.
by 555
Sat May 16, 2015 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Two purchases in one day. One tax lot or two?
Replies: 17
Views: 1374

Re: Two purchases in one day. One tax lot or two?

On the page "Cost basis summary"-->"Unrealized gains and losses" it does come up as three separate lots. Naturally, since there has been no time for price to change, each lot shows a (Short-term and Total) gain/loss of $0.00 for each of the three lots. But here's where it gets i...
by 555
Sat May 16, 2015 1:26 pm
Forum: Personal Consumer Issues
Topic: Is the Post Office slowing down First Class Parcel delivery?
Replies: 25
Views: 2350

Re: Is the Post Office slowing down First Class Parcel delivery?

I don't mind packages being slow, to get cheap postage on a non-urgent item. I do mind when packages don't arrive at all or totally disappear. I was expecting a package today that tracking said was "out for delivery" but then changed to "undeliverable". I totally call BS on that...
by 555
Sat May 16, 2015 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Two purchases in one day. One tax lot or two?
Replies: 17
Views: 1374

Re: Two purchases in one day. One tax lot or two?

I don't know yet, that's why I was asking. I'll do the experiment and report back. Okay, I've done the experiment. Three purchases of the same mutual fund, funded from the same bank, all done on the Vanguard website within a few minutes, same trade date, though 3 different dollar amounts. On the pa...
by 555
Fri May 15, 2015 11:47 pm
Forum: Personal Consumer Issues
Topic: Is the Post Office slowing down First Class Parcel delivery?
Replies: 25
Views: 2350

Re: Is the Post Office slowing down First Class Parcel delivery?

I don't mind packages being slow, to get cheap postage on a non-urgent item. I do mind when packages don't arrive at all or totally disappear. I was expecting a package today that tracking said was "out for delivery" but then changed to "undeliverable. I totally call BS on that. I bet...
by 555
Fri May 15, 2015 11:07 am
Forum: Personal Consumer Issues
Topic: PDF file locking up computer
Replies: 20
Views: 1275

Re: PDF file locking up computer

adamthesmythe wrote:For a piece of mass-market software Acrobat is fairly extremely buggy.

The primary purpose of Adobe PDF software is to crash everything in sight. It always has been that way. It always will be.
by 555
Fri May 15, 2015 11:01 am
Forum: Investing - Theory, News & General
Topic: Weird CommBank(Australia) Term Deposit Rates
Replies: 6
Views: 493

Re: Weird CommBank(Australia) Term Deposit Rates

Is this in AUD or US Dollars? Australian interest rates are significantly higher. These are interest rates for Australian Term Deposit in Australian dollars at the Commonwealth Bank of Australia. Australian interest rates are probably at all time lows at the moment, see here. http://www.global-rate...
by 555
Fri May 15, 2015 10:58 am
Forum: Investing - Theory, News & General
Topic: Very misleading graph on stock and bonds price change.
Replies: 10
Views: 1223

Re: Very misleading graph on stock and bonds price change.

HurdyGurdy I explained what is happening.
by 555
Thu May 14, 2015 9:46 pm
Forum: Investing - Theory, News & General
Topic: Very misleading graph on stock and bonds price change.
Replies: 10
Views: 1223

Re: Very misleading graph on stock and bonds price change.

Probably the bar graphs are auto-scaled to make the tallest bar a specified max length.

Then the green bar graph, and the red bar graph, were treated as two separate bar graphs, and so the abovementioned auto-scaling was done independently for each.
by 555
Thu May 14, 2015 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Two purchases in one day. One tax lot or two?
Replies: 17
Views: 1374

Re: Two purchases in one day. One tax lot or two?

How did your mutual fund company present the transaction on your statement? I don't know yet, that's why I was asking. I'll do the experiment and report back. I just (re)started taxable account, (no uncovered lots :happy ). I just want to buy or sell a few $k whenever bank account gets too big or t...
by 555
Thu May 14, 2015 4:07 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 9144

Re: Will you buy self-driving car?

30,000 deaths? Out of 2.5 trillion miles driven in the US? One death per 83,333 miles? Check your numbers. (Hint: some "illions" are bigger than others.) If there really were one death per 83,333 miles, we'd almost all be dead. Oops, thanks. That's what I get for using this rinky-dink cal...
by 555
Thu May 14, 2015 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Two purchases in one day. One tax lot or two?
Replies: 17
Views: 1374

Two purchases in one day. One tax lot or two?

Suppose in the same trade day you make two purchases
$2000 of mutual fund XYZ
$3000 of mutual fund XYZ
(and lets assume you are using Spec ID).

Would this count as one tax lot with purchase price $5000, or would it be two separate lots?
by 555
Thu May 14, 2015 3:44 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 9144

Re: Will you buy self-driving car?

Confused wrote:30,000 deaths? Out of 2.5 trillion miles driven in the US? One death per 83,333 miles?
Check your numbers. (Hint: some "illions" are bigger than others.) If there really were one death per 83,333 miles, we'd almost all be dead.
by 555
Thu May 14, 2015 11:14 am
Forum: Investing - Theory, News & General
Topic: Weird CommBank(Australia) Term Deposit Rates
Replies: 6
Views: 493

Weird CommBank(Australia) Term Deposit Rates

Anyone got insight into these Term Deposit (=CD) interest rates for various terms at Commonwealth Bank (Australia)? https://www.commbank.com.au/personal/accounts/term-deposits/rates-fees.html (as of mid May 2015) (Annual interest rates) 60 months 3.00% 36-47 months 2.80% 12 months 2.60% 8 months 3.0...
by 555
Tue May 12, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

Rick Ferri says that he advises his clients to "spend the income"...dividends and interest from, I assume, balanced portfolios. Wow, that sounds like really antiquated advice, that completely ignores the concept of "total return". No it doesn't. It is completely consistent with ...
by 555
Tue May 12, 2015 12:19 pm
Forum: Personal Consumer Issues
Topic: No Foreign Fee Credit Card - Exchange Rate
Replies: 40
Views: 3541

Re: No Foreign Fee Credit Card - Exchange Rate

I just received my pin and chip card from Capital One about six weeks ago. I doubt if they are issuing new cards with the old technology. Thanks. 1. No fee card simply means you should get the rate on this website. http://usa.visa.com/personal/card-benefits/travel/exchange-rate-calculator.jsp https...
by 555
Mon May 11, 2015 9:34 pm
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 9144

Re: Will you buy self-driving car?

I think all these self-driving cars are gonna get bored driving to and from work, Monday to Friday, 9-5. :(

On the weekends, they'll hire humans to drive them, just for a lark. :happy
by 555
Mon May 11, 2015 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

Sperry, sequence of returns is always an issue. It's mostly common sense, but it always seems to elicit a technical term. If you start withdrawals when your portfolio is in the dumpster, and use 4%, you might be in deep doo-doo. Deep doo-doo is not a technical term. Interesting that you withdrew at...
by 555
Mon May 11, 2015 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: New Math for Retirees and the 4% Withdrawal Rule
Replies: 89
Views: 9748

Re: New Math for Retirees and the 4% Withdrawal Rule

Echoing nsiprius' thoughts here. Read the NYT article last Saturday. I was dumfounded afterwards because I have always assumed 4% meant forever until death. Inventor / creator / father of the number meant it to only last 30 years?? WTF. As nsiorius mentioned, 3.33% per year cash under the floorboar...
by 555
Mon May 11, 2015 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Lecture me about "too much house"
Replies: 49
Views: 5306

Re: Lecture me about "too much house"

Good neighborhood and good school areas should be the priority. A smaller home in a good neighborhood is by far worth more in value dollar wise, but more importantly the real value quality of life can't be measured. In this case, you've got a larger home you can afford. You'll always be more comfor...
by 555
Mon May 11, 2015 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: List of favorite accounts
Replies: 44
Views: 8680

Re: List of favorite accounts

Planner wrote:-Sallie Mae Mastercard earns 5% on groceries (up to $250 spending), 5% gas (up to $250), and 5% books (up to $750, including amazon.com).
Does this cover everything bought at/through amazon.com, or is it specifically only for books?
by 555
Mon May 11, 2015 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Santander Bank - missing $20 bonus
Replies: 5
Views: 725

Re: Santander Bank - missing $20 bonus

I saw this thread
http://www.fatwallet.com/forums/finance/1309419/
and skimmed through. It looks like this this won't work any more. Is that a fair assessment?
by 555
Mon May 11, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Santander Bank - missing $20 bonus
Replies: 5
Views: 725

Re: Santander Bank - missing $20 bonus

Any updates on this? How hard is it to actually get this monthly bonus? ETA: I don't get a paycheck every single month, so if the requirement was to deposit paycheck every single month, and not just some other $1500 ACH deposit, then I won't be able to do it. I just heard about this, but I'm wonderi...
by 555
Mon May 11, 2015 3:34 pm
Forum: Investing - Theory, News & General
Topic: Round Numbers in Portfolio Allocations
Replies: 49
Views: 2889

Re: Round Numbers in Portfolio Allocations

There is actually an expected cost to implementing a staircase glidepath rather than a gradual one. This expected cost is proportional to the Nth power of the size of the steps. I'll leave it as an exercise for the reader to figure out what N is. It is a positive constant. :wink:

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