Search found 172 matches

Return to advanced search

Re: On Shopping And Receiving Change

The Munchkin Man took it to the coin exchange machine at the Munchkin Man's local Harris Teeter store. The Munchkin Man received $75 in cash back plus a few extra coins. The Munchkin Man is fully aware of the $0.098 they charge per dollar of change. The Munchkin Man is fully aware that the Munchkin...
by CoderDude
Sat Aug 03, 2013 1:51 am
 
Forum: Personal Consumer Issues
Topic: On Shopping And Receiving Change
Replies: 56
Views: 3117

Leaving Wells Fargo Brokerage

Wells Fargo just screwed me again. I have our PMA Checking accounts in Quicken, and they are configured to use "express web connect", since Wells Fargo charges $3/month for "direct connect". It baffles me that they would charge for one connection method but not the other, when bo...
by CoderDude
Sat Aug 03, 2013 1:43 am
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

But, at least in the past, there was an issue with leaving the PMA account totally dormant. If you didn't have a transaction in the PMA account for over 6 months, it would disappear from your online account, and you'd need to call them to reactivate the account. This is a pointless annoyance, I agr...
by CoderDude
Tue Jul 23, 2013 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

Our college and high school age children have savings and checking accounts that we got for them. Unlike the OPs situation, there are no $10 fees for us. The fee was because the savings account they gave us required a minimum balance (they have a different account type with no minimum), and our ini...
by CoderDude
Tue Jul 23, 2013 2:39 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

It sounds like you're dissatisfied with the Wells Fargo Bank more than the brokerage. You can have a PMA checking with $0 in it and not have any fees. That's pretty much what I do (actually, I occasionally use their international remittance service because it's cheaper than other options... so it's...
by CoderDude
Tue Jul 23, 2013 2:21 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

I may not be remembering correctly, but last time there were significant changes to the terms and agreements wasn't there a window where you could transfer and close without paying any fees? I believe this was last year when they took away the 100 free trades and made some other changes. If that's ...
by CoderDude
Mon Jul 22, 2013 11:31 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

This is the fundamental difference between a company like Vanguard and a company like Wells Fargo. Maybe I missed it, but why didn't you just go to Vanguard in the first place? If I recall, when I opened the account with Wells Fargo, the fees at Vanguard Brokerage for non-Vanguard assets were highe...
by CoderDude
Mon Jul 22, 2013 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

I'll remind you that there's nothing the keeps Vanguard from deciding to add a transfer-out fee. In fact, I'm bit surprised they don't have one. After all, that would help keep costs down for the actual customers. Processing a transfer isn't free. For me, having a small or nonexistent transfer-out ...
by CoderDude
Mon Jul 22, 2013 6:58 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

TDA paid me bonuses well above the two transfer fees to move there. Subsequently I moved from TDA to a combination of other brokerages for even more. And since at the time TDA didn't charge a transfer-out fee if you reach Apex status in the account (100k assets) neither even cost me leaving there. ...
by CoderDude
Mon Jul 22, 2013 4:42 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

You said you have everything invested in Vanguard MFs and ETFs right now. So why not do one of the following? - 1) redirect all future contributions to Vanguard and just leave the WellsTrade accounts alone. Down the road, when/if they eliminate the free trades for existing accounts, you can argue t...
by CoderDude
Mon Jul 22, 2013 4:18 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

You knew going in that they were going to extract money on the way out. The fact that it increased a bit is immaterial. This was part of the deal. I was honestly not aware of the transfer fees when I opened the accounts. I had only used one other brokerage before Wells Fargo and they did not charge...
by CoderDude
Mon Jul 22, 2013 4:10 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

The deal breaker was when we opened savings accounts for our children (birthday money, etc), and they got slapped with $10 monthly fees that the bank refused to reverse. I am done with big commercial banks. I have learned that it's important to do business with companies who's interests align with ...
by CoderDude
Mon Jul 22, 2013 2:36 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

But you don't need to close the accounts. I transferred everything in-kind to TD Ameritrade. I was charged a $95 fee on each. The accounts are still there at WF, but empty. That's actually good, because I can still review documents and transactions and such. I did close the PMA checking account, as...
by CoderDude
Mon Jul 22, 2013 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

Right now, you do have free trades at WF. That means you may want to consider selling securities at WF before the transfer (especially in the tax deferred accounts where you will not be taxes on the realized gains) since trades at Vanguard may cost you more. My accounts only hold Vanguard ETFs and ...
by CoderDude
Mon Jul 22, 2013 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Re: Leaving Wells Fargo Brokerage

You should accept that there will be $95 lost on each account. I don't think any withdrawal tricks will avoid that. They've been in the business longer than you, and know them all. I transferred everything in-kind to TD Ameritrade. I was charged a $95 fee on each. The accounts are still there at WF...
by CoderDude
Mon Jul 22, 2013 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

Leaving Wells Fargo Brokerage

My wife and I currently have 6 brokerage accounts with Wells Fargo Brokerage (2 taxable, 2 Roth IRA, 2 Traditional IRA). We would like to terminate our relationship with Wells Fargo and transfer our accounts elsewhere, probably to Vanguard Brokerage Services. Why are we leaving? First, every time I ...
by CoderDude
Mon Jul 22, 2013 3:20 am
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4107

After-Tax 401k: In-Plan Conversion vs. Withdrawal

My 401k plan allows after-tax contributions. After contribution, the money can be periodically converted to Roth in two different ways: ⋅  In-Plan Conversion . The money is converted from after-tax to Roth, but stays in the 401k. It's treated the same as any other Roth 401k contributions. ...
by CoderDude
Thu May 30, 2013 2:21 am
 
Forum: Investing - Theory, News & General
Topic: After-Tax 401k: In-Plan Conversion vs. Withdrawal
Replies: 1
Views: 408

Re: Treat Social Security and Primary Residence like TIPS?

How to think about this in a context of lifetime financial planning is difficult, but no good is served by lumping together TIPS (which track inflation precisely and in detail) with housing (which undergoes speculative fluctuation, and, if you are considering "primary residence," is about...
by CoderDude
Tue Jan 15, 2013 3:13 pm
 
Forum: Investing - Theory, News & General
Topic: Treat Social Security and Primary Residence like TIPS?
Replies: 30
Views: 2186

Re: Treat Social Security and Primary Residence like TIPS?

Several people said they modify their AA based on the income derived from SS, but they don't "include" SS in their AA. This doesn't seem like a meaningful distinction. Either way you consider SS when allocating your other assets. Sure it is a meaningful distinction! Next time the Stock Ma...
by CoderDude
Tue Jan 15, 2013 4:50 am
 
Forum: Investing - Theory, News & General
Topic: Treat Social Security and Primary Residence like TIPS?
Replies: 30
Views: 2186

Re: Treat Social Security and Primary Residence like TIPS?

My difficulty with treating SS as an "income stream" rather than an "asset" is that I don't know how this should affect the commonly-recommended portfolios. For example: Age: 65 Living Expenses: $3000/month Assets: $1M in taxable, $1M in 401k Social Security Benefit at Age 70: $3...
by CoderDude
Tue Jan 15, 2013 4:45 am
 
Forum: Investing - Theory, News & General
Topic: Treat Social Security and Primary Residence like TIPS?
Replies: 30
Views: 2186

Re: Treat Social Security and Primary Residence like TIPS?

I can't speak for others, but I take my fixed income (SS and pension). I then subtract it from my expenses and the gap is filled by my nest egg. I use my AA to allocate the assets in the nest egg as that is the money that needs to grow and/or be protected from risk. Not quite. Compute your required...
by CoderDude
Fri Jan 11, 2013 4:00 am
 
Forum: Investing - Theory, News & General
Topic: Treat Social Security and Primary Residence like TIPS?
Replies: 30
Views: 2186

Re: Treat Social Security and Primary Residence like TIPS?

I am surprised by the responses. It seems obvious to me that your primary residence and SS should be included, in some form, in your AA. I expected disagreement on exactly how to account for these assets, but I didn't expect disagreement on whether they should be included at all. Several people said...
by CoderDude
Fri Jan 11, 2013 2:18 am
 
Forum: Investing - Theory, News & General
Topic: Treat Social Security and Primary Residence like TIPS?
Replies: 30
Views: 2186

Why have TIPS outperformed TBM over the last 5 years?

TIPS have outperformed TBM by 1-3% over the last 1, 3, and 5 year periods:

TBM (VBTLX): 4.15%, 6.12%, 5.91%
TIPS (VAIPX): 6.90%, 8.79%, 6.79%

What was the reason for this performance difference, and is it likely to continue over the next several years?
by CoderDude
Thu Jan 10, 2013 5:36 am
 
Forum: Investing - Theory, News & General
Topic: Why have TIPS outperformed TBM over the last 5 years?
Replies: 13
Views: 1158

Treat Social Security and Primary Residence like TIPS?

A common bond allocation is 50% TBM and 50% TIPS. However, if you include social security and your primary residence in your asset allocation, and treat them both like inflation-adjusted bonds, this would decrease the separate allocation you need to TIPS. For example, say you have 1M in TBM, your pr...
by CoderDude
Thu Jan 10, 2013 5:18 am
 
Forum: Investing - Theory, News & General
Topic: Treat Social Security and Primary Residence like TIPS?
Replies: 30
Views: 2186

Re: Given low rates, more tax efficient to tax shelter stock

If the investor holds multiple funds, there is still the benefit that the harvested losses can be used to offset gains from any source. If the losses are not harvested, they only offset gains from that fund. True, but also under current law long-term capital gains are not taxed anyway when you keep...
by CoderDude
Thu Jan 10, 2013 2:22 am
 
Forum: Investing - Theory, News & General
Topic: Given low rates, more tax efficient to tax shelter stocks?
Replies: 110
Views: 8319

Re: Given low rates, more tax efficient to tax shelter stock

When you already have a large loss carry forward, additional TLH isn't that valuable. I'm still working off losses carried forward from the tech bubble 10 years ago. At the pace of $3k a year, it will still go on for many years. Adding more to the pile and using it to offset future gains would be t...
by CoderDude
Thu Jan 10, 2013 1:55 am
 
Forum: Investing - Theory, News & General
Topic: Given low rates, more tax efficient to tax shelter stocks?
Replies: 110
Views: 8319

Any chance the I Bonds fixed rate will increase in 2013?

I just bought I Bonds for the first time in Dec 2012, and plan to buy more in 2013. Anyone think the fixed rate may increase in May or Nov 2013? It's been at 0% for the last two years. Should I buy my 10k of I Bonds right now, or wait to see if rates change?
by CoderDude
Thu Jan 03, 2013 2:29 am
 
Forum: Investing - Theory, News & General
Topic: Any chance the I Bonds fixed rate will increase in 2013?
Replies: 7
Views: 1208

I Bonds vs. Munis

I'm trying to decide between I Bonds and Munis in my taxable account. I Bonds currently yield 1.76%, and the gains are tax-deferred until withdrawal. The Vanguard Intermediate-Term Tax-Exempt Admiral fund (VWIUX) currently yields 1.55% and is tax-free. Seems like the munis are a better deal. But a l...
by CoderDude
Thu Dec 27, 2012 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: I Bonds vs. Munis
Replies: 5
Views: 800

Backdoor Roth in 2013

Has there been any news regarding whether the Backdoor Roth is still allowed in 2013? I haven't heard anything saying it would be disallowed, but given all the tax changes with the fiscal cliff and such, I'm just not sure. Should I do the contribution and conversion in early January, or wait until t...
by CoderDude
Thu Dec 27, 2012 2:44 am
 
Forum: Investing - Theory, News & General
Topic: Backdoor Roth in 2013
Replies: 5
Views: 727

Re: Given low rates, more tax efficient to tax shelter stock

What is the formula for determining whether it’s better to hold stocks or bonds in taxable at a particular time? Is it based on things like taxable bond yield, municipal bond yield, stock yield, dividend and capital gains tax rates, etc? If I do switch to holding bonds in taxable, when would I know ...
by CoderDude
Thu Nov 15, 2012 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Given low rates, more tax efficient to tax shelter stocks?
Replies: 110
Views: 8319

Re: Given low rates, more tax efficient to tax shelter stock

My first question is whether it's realistic to assume stocks will have significantly higher returns than bonds. The example provided was stocks returning 7% and bonds 2%. As a counterpoint, in 2002 William Bernstein predicted Large US Stocks would return 3.5%, while investment-grade corporate bonds ...
by CoderDude
Thu Nov 15, 2012 12:33 am
 
Forum: Investing - Theory, News & General
Topic: Given low rates, more tax efficient to tax shelter stocks?
Replies: 110
Views: 8319

Re: Tax-Loss Harvesting and Bid/Ask Spread

However, the average bid/ask spread is 0.20%, meaning the TLH transaction would cost at least 0.40%, plus double the bid/ask spread of the swap fund (SCZ). Why are you doubling the numbers rather than halving them? Bid $20; Ask $21; "real price" $20.50. If you buy at $21, you are paying a...
by CoderDude
Wed Oct 10, 2012 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax-Loss Harvesting and Bid/Ask Spread
Replies: 4
Views: 374

Tax-Loss Harvesting and Bid/Ask Spread

At what point does the cost of ETF bid/ask spreads outweigh the benefit of tax-loss harvesting? For example, I have about an 8% loss in VSS (Vanguard FTSE All-World ex-US Small-Cap ETF). However, the average bid/ask spread is 0.20%, meaning the TLH transaction would cost at least 0.40%, plus double ...
by CoderDude
Wed Oct 10, 2012 2:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax-Loss Harvesting and Bid/Ask Spread
Replies: 4
Views: 374

Re: thoughts on Bill Gross' most recent PIMCO note

If that doesn't convince you then consider this self-evident contradiction. Under Gross' conclusion, if GDP growth is zero, then market returns must be zero. Except we know that companies can continue to pay dividends forever, even if growth is zero, because dividends come from current earnings, no...
by CoderDude
Wed Aug 01, 2012 5:58 pm
 
Forum: Investing - Theory, News & General
Topic: thoughts on Bill Gross' most recent PIMCO note
Replies: 53
Views: 7672

Re: thoughts on Bill Gross' most recent PIMCO note

Here is a paper discussing why GDP growth and stock returns do not go hand in hand... http://www.virtus.com/vsitemanager/Upload/Docs/6141_GDPwhitepaper.pdf Page 2 has a nice breakdown of the reasons why... and they conclude with this... We do not mean to suggest that GDP growth is irrelevant. Perha...
by CoderDude
Wed Aug 01, 2012 4:53 pm
 
Forum: Investing - Theory, News & General
Topic: thoughts on Bill Gross' most recent PIMCO note
Replies: 53
Views: 7672

Re: thoughts on Bill Gross' most recent PIMCO note

I don't understand the distinction between capital appreciation and dividends. They seem equivalent to me. I can spend dividends or reinvest them, and similarly I can sell shares for spending money or hold them. Why should I care if my return is 3% dividends and 3% appreciation, versus 6% dividends,...
by CoderDude
Wed Aug 01, 2012 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: thoughts on Bill Gross' most recent PIMCO note
Replies: 53
Views: 7672

Re: thoughts on Bill Gross' most recent PIMCO note

Robert Shiller agrees (written in 2005): http://www.project-syndicate.org/commen ... -fantasies

In short, the 7% real return is the result of significant selection bias, and we should expect much lower returns going forward. I find the logic of both Shiller and Gross convincing.
by CoderDude
Wed Aug 01, 2012 2:47 am
 
Forum: Investing - Theory, News & General
Topic: thoughts on Bill Gross' most recent PIMCO note
Replies: 53
Views: 7672

Re: Inflation: 10 or 30 year mortgage

I would go with a 30-year fixed at the maximum loan-to-value allowed: ⋅ If interest rates rise, you win. ⋅ If house prices drop significantly, you can minimize your losses via strategic default. ⋅ You have more liquidity. ⋅ If interest rates stay about the sam...
by CoderDude
Thu Feb 02, 2012 12:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Inflation: 10 or 30 year mortgage
Replies: 33
Views: 2403

Re: TLH Substitutes for Vanguard Intl ETFs

It makes great sense to TLH all those funds no matter what the bid/ask spread is. Why? Because the benefit of TLH will be larger than the round-trip transaction costs? At the extreme this cannot be true, so what is the largest bid/ask spread that would make sense to TLH? What is the benefit of TLH ...
by CoderDude
Tue Jan 17, 2012 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: TLH Substitutes for Vanguard Intl ETFs
Replies: 3
Views: 247

TLH Substitutes for Vanguard Intl ETFs

What are some good TLH substitutes for the Vanguard international ETFs? I currently hold the following ETFs: 40% VEA (Europe Pacific) 40% VSS (Intl Small Cap) 20% VWO (Emerging Markets) I can replace VEA with 65% VGK and 35% VPL, since this matches the composition of VEA. How about VSS and VWO? I pr...
by CoderDude
Tue Jan 17, 2012 3:38 am
 
Forum: Investing - Help with Personal Investments
Topic: TLH Substitutes for Vanguard Intl ETFs
Replies: 3
Views: 247

Light Bulbs: Halogen vs Incandescent

I would like to upgrade the recessed light bulbs in my home. My goal is to find the bulbs with the highest light quality -- I'm not concerned with energy efficiency. I currently have incandescent BR30 bulbs, 45w and 65w, GE soft white. Someone recommended switching to halogen PAR30 bulbs, like the S...
by CoderDude
Tue Jan 17, 2012 2:02 am
 
Forum: Personal Consumer Issues
Topic: Light Bulbs: Halogen vs Incandescent
Replies: 24
Views: 1224

Re: Lies; damned lies; and statistics

Hi Taylor. Let me start by thanking you for your contributions to this forum over the years. Vanguard's "Pie Charts" make very clear that stocks have handily beaten bonds over the long term The fact that stocks have historically beaten bonds over the long term is precisely my point. If bon...
by CoderDude
Thu Jan 05, 2012 7:19 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds outperformed stocks over the last 30 years
Replies: 40
Views: 3188

Bonds outperformed stocks over the last 30 years

It was news to me that bonds have outperformed stocks over the last 30 years: http://www.usatoday.com/money/markets/story/2012-01-04/bonds-pass-stocks-over-30-years/52381380/1 ⋅ Has this happened before? ⋅ If relative performance between bonds and stocks reverts to the mean, it s...
by CoderDude
Thu Jan 05, 2012 5:47 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds outperformed stocks over the last 30 years
Replies: 40
Views: 3188

Re: Choosing a Life Insurance Company

1) Has any of these companies given you a brochure or other explanation of the protection provided by state guaranty associations? If not, try asking them. 2) Go to http://www.nolhga.com , click on the link under "state associations," select your state, and read the FAQ. Look for an FAQ w...
by CoderDude
Thu Dec 22, 2011 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing a Life Insurance Company
Replies: 20
Views: 1090

Choosing a Life Insurance Company

I'm looking to buy a $1M 10-year term policy, and I'm having a hard time choosing a life insurance company. First, I'm not sure how to weigh the price against the company rating. For example, TIAA CREF is one of the highest rated companies, but their quote was rather expensive at $1276/year for me a...
by CoderDude
Thu Dec 22, 2011 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing a Life Insurance Company
Replies: 20
Views: 1090

Re: All Clad (Gift for Home Chef)?

IMO, the Tramontina TriPly-Clad pans from WalMart are very similar to All-Clad at a fraction of the cost. For example, their 12" pan is $40 compared to $160 for the All-Clad. You might want to see if your brother has heard of the Tramontina pans, since All-Clad is much more well-known.
by CoderDude
Tue Nov 29, 2011 1:27 am
 
Forum: Personal Consumer Issues
Topic: All Clad (Gift for Home Chef)?
Replies: 31
Views: 2019

I would look at individual schools rather than Montessori vs. non-Montessori. There are good schools and bad schools of both types. Also, don't assume that a more expensive school is necessarily better. I recommend talking to the teachers and observing them interact with the students. Then choose th...
by CoderDude
Fri Sep 23, 2011 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Montessori preschool experience?
Replies: 31
Views: 3041

I started a thread on this topic a few months back: viewtopic.php?t=71483

What are the rule changes?
by CoderDude
Mon Sep 12, 2011 12:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Washington Get Pricing
Replies: 8
Views: 1329

I suspect they will still sell a lot of units, for a few reasons: * Most GET participants don't really understand the finances of the program and how it compares to a standard 529. * People are afraid of increasing tuition and will be willing to buy "insurance" against tuition increases at...
by CoderDude
Sun Sep 11, 2011 1:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Washington GET vs. 529
Replies: 23
Views: 5567

The GET unit price for 2012 increased 39% from $117 to $163. Tuition only increased by 20%, so the premium has increased from 36% to a whopping 58%. I'm not sure what to make of this. Will people keep buying units at this price? Is there any price that people would stop buying, or is there fear to &...
by CoderDude
Fri Sep 09, 2011 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Washington GET vs. 529
Replies: 23
Views: 5567
Next

Return to advanced search