Search found 2799 matches

by Steelersfan
Tue Sep 01, 2015 6:31 pm
Forum: Personal Consumer Issues
Topic: why is my android phone full?
Replies: 19
Views: 2301

Re: why is my android phone full?

ERISA Stone wrote:When my android says full, I clear the cache, and that usually clears 2-3 gb, and everything works again. Lather, rinse, repeat....


That's what I do and get similar results.
by Steelersfan
Tue Sep 01, 2015 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Chip credit cards, do I need to get a PIN?
Replies: 33
Views: 1422

Re: Chip credit cards, do I need to get a PIN?

I just got my first chipped credit card. At a couple of stores I've been temporarily flummoxed when I tried to swipe the card the old fashion way and the transaction was rejected. The messaging could be better. Also on some of the readers where you insert the card to read the chip is not obvious. A...
by Steelersfan
Mon Aug 31, 2015 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Voya 401(k)'s insanely high ER's on Vanguard funds
Replies: 34
Views: 5006

Re: Voya 401(k)'s insanely high ER's on Vanguard funds

Voya then may be remitting the extra employee fees back to the company. Do you have any direct experience with this? 12b-1 fees can be used to offset employer expenses to the plan, but I don't believe they can be reverted to the employer. My recollection is they must be reallocated to plan particip...
by Steelersfan
Mon Aug 31, 2015 8:38 am
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

Anf they won the race, with 30 minutes to spare: UPDATE - 9:00 a.m. ET BNY Mellon has completed production of system-generated net asset values (NAVs) for exchange-traded funds (ETFs) through Friday, August 28, 2015. We have also completed and delivered updated ETF baskets through Friday, August 28 ...
by Steelersfan
Sun Aug 30, 2015 9:45 am
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

Here are the latest updates, with recovery of NAV's still in progress. The race is on to get them current before month-end statements are produced. Sungard has created an entirely new system environment for BNY Mellon's instance of InvestOne and it seems to be working, with lots of catch up to do: h...
by Steelersfan
Sat Aug 29, 2015 6:58 pm
Forum: Personal Consumer Issues
Topic: Cost of archiving family history
Replies: 17
Views: 1032

Re: Cost of archiving family history

1). Genealogy pages torn out of family bibles (bibles were tossed). Yes at least they preserved the genealogy pages but still not exactly preservation. The reason given for this was not enough space to store the bibles. 3). Historical society admitting they had thrown out a lot of stuff (family doc...
by Steelersfan
Sat Aug 29, 2015 12:42 pm
Forum: Personal Consumer Issues
Topic: Cost of archiving family history
Replies: 17
Views: 1032

Re: Cost of archiving family history

Have you identified who's going to take stewardship of whatever you end up doing? That's at least as important as how you preserve them. Agree with the comment about digital formats. Do you really think how we store images today will still be accessible 40 or 50 years from now? Think about 78 record...
by Steelersfan
Thu Aug 27, 2015 9:26 pm
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

...And remember, it was Sungard that made the mistake when they did a software upgrade over the week-end. BNY Mellon just happened to use them to do the fund accounting (set NAV's)... Got it. Bank custodian diversification isn't the issue, we need to diversify across IT system contractors. Maybe it...
by Steelersfan
Thu Aug 27, 2015 9:04 pm
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

In a day and age of modern technology, it pays to have redundant back up systems. Maybe it adds more upfront cost, but the bigger cost is the irreparable loss of trust in a marketplace that could have far worse and far-reaching consequences. That's certainly true. But when the issue is a software u...
by Steelersfan
Thu Aug 27, 2015 8:00 pm
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

Actually, Guggenheim runs a number of index ETFs. None of them are interesting to me, but at least one of them, Guggenheim S&P 500 Equal Weight ETF, holds $9 billion in assets and is one of the darlings of the "anything-but-cap-weighting" crowd. As a matter of fact, Vanguard says that...
by Steelersfan
Thu Aug 27, 2015 7:12 pm
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

Here's a good list of the affected companies, with links to the funds at each company that are affected. http://blogs.wsj.com/moneybeat/2015/08/26/running-tally-of-funds-affected-by-computer-glitch/ It's only a handful of companies, none of them the big players, and only a handful of funds at each o...
by Steelersfan
Thu Aug 27, 2015 6:52 pm
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

Investment risk or Trading risk? If you just sit pretty and take a look at your statement once it gets mailed to you at the end of the month, I dont think this glitch will affect you in any way. For sure everything will get corrected, after great manual effort by the affected mutual fund companies,...
by Steelersfan
Thu Aug 27, 2015 4:06 pm
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

Adhering to the Boglehead philosophy of having an AA, sticking with it for the long term, rebalancing once or twice a year, sure makes me feel good when things like this happen. BTW - I doubt if 10% of the available funds were affected since we've heard nothing from Vanguard, Fidelity, T. R. Price a...
by Steelersfan
Thu Aug 27, 2015 9:27 am
Forum: Personal Consumer Issues
Topic: How to get best deal on a rental car ?
Replies: 29
Views: 2406

Re: How to get best deal on a rental car ?



Good deal!

I'm saving 35% ($70) for a 5 day rental.
by Steelersfan
Thu Aug 27, 2015 8:58 am
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

The "glitch" and falling prices are unrelated: "According to BNY Mellon spokesman Kevin Heine, the problems first surfaced on Monday as a result of a failed software upgrade for an accounting system, SunGard's InvestOne , that BNY Mellon relies on to provide net asset values (NAVs) fo...
by Steelersfan
Thu Aug 27, 2015 7:57 am
Forum: Investing - Theory, News & General
Topic: BNY Mellon's "glitch," sounds very serious to me
Replies: 38
Views: 4546

Re: BNY Mellon's "glitch," sounds very serious to me

So the "glitch" is actually at SunGard, which BNY Mellon has outsourced some of it's end of day pricing to. http://www.reuters.com/article/2015/08/26/us-bnymellon-funds-nav-idUSKCN0QV28D20150826 I wonder why other clients of SunGard haven't experienced the same thing. Hopefully that will c...
by Steelersfan
Tue Aug 25, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: worth of benefits package
Replies: 14
Views: 2008

Re: worth of benefits package

I seem to recall an email from a previous employer touting the dollar amount and the math seemed to work out to about 1/3. I wish I had kept it. http://www.bankrate.com/finance/financial-literacy/the-value-of-employer-benefits.aspx Benefit packages vary so much from one employer to another I would ...
by Steelersfan
Tue Aug 25, 2015 8:58 am
Forum: Personal Finance (Not Investing)
Topic: worth of benefits package
Replies: 14
Views: 2008

Re: worth of benefits package

It's going to depend on the company, how many of those insurance coverages are included, and what they're worth. Some companies have very generous plans, some very bare bones. 1/3 of salary sounds way too high. If you're coming from work as an independent contractor, don't forget to include the comp...
by Steelersfan
Mon Aug 24, 2015 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Use the Dip to Clean Up Your Taxable Account
Replies: 17
Views: 2188

Re: Use the Dip to Clean Up Your Taxable Account

No individual stocks here, but if international drops another 10% (I think it might) I'll get to offset some of a capital gain I took this year to dump a higher cost fund and invest it in a lower cost Vanguard one.

Go correction!
by Steelersfan
Sun Aug 23, 2015 3:29 pm
Forum: Investing - Theory, News & General
Topic: [What if Vanguard files for bankruptcy?]
Replies: 22
Views: 3189

Re: [What if Vanguard files for bankruptcy?]

I did read the part in bold, but I was not referring to what VGI does, but what the fund is required to do. In the prospectus, the fund is required to contribute to VGI up to a certain amount. Here is a quote from the SAI for VTSAX: Vanguard was established and operates under an Amended and Restate...
by Steelersfan
Sun Aug 23, 2015 10:23 am
Forum: Investing - Theory, News & General
Topic: [What if Vanguard files for bankruptcy?]
Replies: 22
Views: 3189

Re: Vanguard Ceases Operations, Files for Bankruptcy Protection

This might be the lowest-probability-of-risk ever, but my understanding is that with VG funds, the directors are, in theory, free to purchase services from lower-cost entities than VG. Actually that's true for all mutual funds. I worked for a large financial institution that acquired a mutual fund ...
by Steelersfan
Sun Aug 23, 2015 8:44 am
Forum: Investing - Theory, News & General
Topic: [What if Vanguard files for bankruptcy?]
Replies: 22
Views: 3189

Re: Vanguard Ceases Operations, Files for Bankruptcy Protection

This might be the lowest-probability-of-risk ever, but my understanding is that with VG funds, the directors are, in theory, free to purchase services from lower-cost entities than VG. Actually that's true for all mutual funds. I worked for a large financial institution that acquired a mutual fund ...
by Steelersfan
Thu Aug 20, 2015 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Questions about condo insurance H06 (esp liability)
Replies: 13
Views: 1260

Re: Questions about condo insurance H06 (esp liability)

> "The HOA master policy is "walls-in betterments and improvements" what does this mean. If I burn up my kitchen, do I submit my claim to the HOA master policy?" I suspect you're got your understanding backwards. HOA insurance usually covers walls and the physical building, You'...
by Steelersfan
Wed Aug 19, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Bank closed all my accounts without explanation
Replies: 66
Views: 6045

Re: Bank closed all my accounts without explaination

The "new know your customer" is not that new, it's been on the books for years and years, you are just hearing about it now. Banks/brokers/money transfer businesses have been under scrutiny for a long time, the only reason why there is suddenly a big push is due to the outsized fines and ...
by Steelersfan
Mon Aug 17, 2015 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Gameplan for Investing 1m+
Replies: 35
Views: 4319

Re: Gameplan for Investing 1m+

bloom2708 wrote:60/40 "3 fund portfolio". Done.

48% Total US, 12% Total International and 40% Total US Bond.


Sounds good to me.

Simple. Easy to manage.

May or may not achieve his objective, but then no portfolio can with 100% certainty, no matter what the "experts" say.
by Steelersfan
Sat Aug 15, 2015 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my American Funds?
Replies: 28
Views: 1549

Re: What to do with my American Funds?

Where you pay a load on the same money twice is when you switch from one fund family to another. If you have American EuroPacific Growth and you want to switch to a similar loaded Fidelity Advisor fund, you will pay yet another load to purchase the Fidelity Advisor fund. If you switch between funds...
by Steelersfan
Sat Aug 15, 2015 9:02 am
Forum: Investing - Help with Personal Investments
Topic: What to do with my American Funds?
Replies: 28
Views: 1549

Re: What to do with my American Funds?

Another vote to leave your "friend". Just a note - if he recommends putting you in other American Funds' funds, there will not be another load to pay. If he recommends funds from another company, be assured his motivation is getting another nice commission from you and your money, not your...
by Steelersfan
Fri Aug 14, 2015 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRS regulation on 401K plan (company mistake)
Replies: 34
Views: 1809

Re: IRS regulation on 401K plan (company mistake)

So suppose the company had done the testing during the year and predicted mule would be $3200 over the allowed contribution. He would then limit his contributions and had $3200 extra income last year. And paid taxes on it. Instead they're refunding his $3200 and he's having to pay taxes on it this y...
by Steelersfan
Fri Aug 14, 2015 8:21 am
Forum: Personal Finance (Not Investing)
Topic: IRS regulation on 401K plan (company mistake)
Replies: 34
Views: 1809

Re: IRS regulation on 401K plan (company mistake)

If you search the board you will find this has happened to quite a few bogleheads a time or two over the years, myself included. Companies usually get the message and take one or more of the following actions: 1. New employees are automatically signed up for the 401k plan and must take specific acti...
by Steelersfan
Mon Aug 10, 2015 7:15 am
Forum: Personal Consumer Issues
Topic: Verizon Contract Issue - Consumer Awareness
Replies: 13
Views: 1502

Re: Verizon Contract Issue - Consumer Awareness

So the lesson is, when you're entering into an arrangement with Verizon, make sure you get a copy of the agreement you think you've entered into.

Actually that's not bad advice for any agreement.
by Steelersfan
Sun Aug 09, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to get laid off[? company laying people off with good severance package]
Replies: 28
Views: 3736

Re: How to get laid off to get a package?

OTOH - the megacorp I worked for was doing layoff with a very nice package. I offered to take it since I had seen other people at my level ask for and get it who were in similar positions as I was. I didn't, on the basis that I was a valuable contributor (which I was). Huh? The other folks that got ...
by Steelersfan
Sun Aug 09, 2015 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Reporting Cost Basis Question
Replies: 7
Views: 716

Re: Reporting Cost Basis Question

To double check the capital gains, if you have all your old Schedule D's back to when you bought it you should have reported the capital gains, reported them, and paid taxes on them. Add them up and you should come to the same figure as the one you got on the transcripts. I did that for a large stoc...
by Steelersfan
Fri Aug 07, 2015 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for me and my mom
Replies: 7
Views: 564

Re: Portfolio advice for me and my mom

For you:

How much are you able to contribute each year to your Roth IRA, Taxable and 401K accounts?

The answer to that question will tell the tale.

Expecting to get 15% or even 10% growth per year is not realistic, IMHO.
by Steelersfan
Thu Aug 06, 2015 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: parent -> child gifts
Replies: 14
Views: 1382

Re: parent -> child gifts

I gift money to kids to fund 529 plans for the grand kids education. They are able to get a tax deduction that I can't. There's no guarantee that's where the money goes, but I'm confident, being the good people that they are, that it does.
by Steelersfan
Thu Aug 06, 2015 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: medallion signature guarantee
Replies: 15
Views: 1295

Re: medallion signature guarantee

The Medallion signature guarantee thing is certainly a pain and is ever more difficult to get. But I checked two other large firms (Fidelity and T Rowe Price) and they have exactly the same requirement. If those three require it, I expect most others do to. http://individual.troweprice.com/staticFil...
by Steelersfan
Thu Aug 06, 2015 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: medallion signature guarantee
Replies: 15
Views: 1295

Re: medallion signature guarantee

Here's Vanguard's statement on medallion guarantees: What's a Medallion signature guarantee, and when is it required? A Medallion signature guarantee is a type of legally binding endorsement that ensures that your signature is genuine and that the financial company issuing the guarantee accepts liab...
by Steelersfan
Thu Aug 06, 2015 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Index Trusts?
Replies: 3
Views: 318

Re: Index Trusts?

I've never heard them called Index Trusts, but if they're really Collective Investment Funds they're fine. They have lower ER's since they have less marketing, less SEC reporting requirements, and are usually large accounts grouped into very large funds so achieve economies of scale. The only thing ...
by Steelersfan
Wed Aug 05, 2015 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Hit with $10k tax bill from 2013, given 3 weeks to pay
Replies: 50
Views: 6226

Re: Hit with $10k tax bill from 2013, given 3 weeks to pay

Something similar happened to me a couple years ago although the amounts were much smaller :D I called the IRS agent listed and went over the forms. It took 15 minutes and I didn't owe anything. The agent was actually very helpful. I was a few more years ago for me but I had exactly the same experi...
by Steelersfan
Sun Aug 02, 2015 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Majority of units in my condo assoc are owned by investors. Is this bad?
Replies: 21
Views: 2161

Re: Majority of units in my condo assoc are owned by investors. Is this bad?

+1 We hold investments in both scenarios. The condo finances and repair status in our experience, seem to be in better shape when prudent investors predominate and are actively involved in the management. Overdue fees seem to relate more to the owner occupiers. Surprisingly the owner occupiers seem...
by Steelersfan
Sat Aug 01, 2015 8:49 pm
Forum: Personal Consumer Issues
Topic: is 7200 rpm hard drive that much faster than 5400 rpm?
Replies: 50
Views: 2865

Re: is 7200 rpm hard drive that much faster than 5400 rpm?

Increasing RAM size will make a far bigger difference than the speed of any disk drive.

If you have as much RAM as you can get, an SSD is way better than a faster disk.
by Steelersfan
Sat Aug 01, 2015 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Majority of units in my condo assoc are owned by investors. Is this bad?
Replies: 21
Views: 2161

Re: Majority of units in my condo assoc are owned by investors. Is this bad?

As a real estate investor with many units, two of which are in condominiums, this thread is almost offensive. I love how the assumption is that renters will quickly turn a condo into a roach infested crack house, yet owner-occupied units will remain perfect little Utopias. Yes, some banks may balk ...
by Steelersfan
Sat Aug 01, 2015 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation - tax on payouts?
Replies: 14
Views: 1190

Re: Deferred Compensation - tax on payouts?

clydewolf wrote:For contributions to a deferred compensation plan, SS and Medicare taxes are paid at the time of contribution.
Income taxes are deferred until a distribution is made.


Correct.
by Steelersfan
Fri Jul 17, 2015 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing a check on a business with no bank account
Replies: 18
Views: 1208

Re: Cashing a check on a business with no bank account

Since this is a very small amount AND it is legitimately yours, I would just try to slip it through a personal account at a bank or credit union. Maybe endorse the back with something that looks "official", shows deposit to the account of _____ (your name) and act no. Put it in an ATM or ...
by Steelersfan
Mon Jul 13, 2015 2:19 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1049
Views: 176617

Re: What Movie Have You Recently Watched?

I'm not into kid movies (well past that phase) but went to Inside Out with kids and grand kids. Liked it a lot - so creative. Then spent a couple of additional days with them after the movie. The lessons of the movie came through to the grand kids, even though they were two and four years old. That ...
by Steelersfan
Wed Jul 08, 2015 1:19 pm
Forum: Personal Consumer Issues
Topic: Vanguard phonecall asking for personal information
Replies: 47
Views: 3858

Re: Vanguard phonecall asking for personal information

It seems that in today's world, there is probably a better way of initiating this whole discussion without coming out immediately and asking for a common password protection question such as your city of birth. I guess I've always gotten a letter in the mail stating I need to call someone to addres...
by Steelersfan
Tue Jul 07, 2015 8:16 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg - "The Hugely Profitable, Wholly Legal Way to Game the Stock Market" (Front running index fund purchases)
Replies: 43
Views: 4648

Re: Bloomberg - "The Hugely Profitable, Wholly Legal Way to Game the Stock Market" (Front running index fund purchases)

The Vanguard Large Cap Index fund holds the MSCI 750, which sits in between the SP500 and Russell 1000. -jalbert Very small matter and it doesn't invalidate your point, but the Large Cap Index fund these days follows the CRSP US Large Cap Index of (currently) 649 stocks. I only know that because I ...
by Steelersfan
Tue Jul 07, 2015 9:09 am
Forum: Investing - Theory, News & General
Topic: "Vanguard's recommended international allocation."
Replies: 63
Views: 6879

Re: "Vanguard's recommended international allocation."

john94549 wrote:We're quite comfortable with 15 - 20% international. Given recent events, even more.



:thumbsup What he said.
by Steelersfan
Tue Jul 07, 2015 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Thanks to Forum Administrators
Replies: 16
Views: 1702

Re: Thanks to Forum Administrators

Far and away the best moderated board there is.

Thanks for your never ending effort.
by Steelersfan
Sun Jul 05, 2015 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: FDIC insurance / SIPC insurance / etc.
Replies: 6
Views: 504

Re: FDIC insurance / SIPC insurance / etc.

Thanks, Steelersfan, for the addition, and if I may amplify the part quoted above, the legal setup in the US is custodian banks do not own the securities they hold in custody. Even if they themselves fail, custodial assets are not theirs, and aren't available for its creditors to recover. PJW Good ...
by Steelersfan
Sun Jul 05, 2015 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: FDIC insurance / SIPC insurance / etc.
Replies: 6
Views: 504

Re: FDIC insurance / SIPC insurance / etc.

SIPC and FDIC are completely separate animals. As a previous poster said, SIPC provides no coverage against the fall of the value of an investment they hold for you. And while FDIC insurance is backed by the federal government, SIPC is an insurance fund set up, run and funded by member financial ins...

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