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Re: Regulatory guidance - occupation information requirement

This thread is specifically about the bank requesting generic occupation information. Think about it for a moment. Do you have your paychecks cashed or deposited there? Have you ever cashed or deposited a reimbursement check from your employer there? If so, they could very easily just employ data m...
by cb474
Sat Dec 20, 2014 4:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 20
Views: 1640

Re: Regulatory guidance - occupation information requirement

As dm200 said, this is part of stricter "Know Your Customer" requirements that are coming into place for financial institutions. You will find information by searching on that term, both here and on the Internet in general. Here's a quick list of some of the relevant past threads from her...
by cb474
Wed Dec 17, 2014 4:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 20
Views: 1640

Re: Regulatory guidance - occupation information requirement

I agree with those who question this, especially the money-laundering reference. My question is what exactly is the occupation information requested? Also suggest you contact someone at USAA to verify they sent it and why and whether it is required or simply being requested, the latter meaning you ...
by cb474
Wed Dec 17, 2014 4:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 20
Views: 1640

Re: Regulatory guidance - occupation information requirement

I get the logic of why this information might be helpful to some agenices. But it still seems intrusive to me. I'm tired of having to give more and more information about myself to every business and government agency that feels like they want it. Just because the information might be useful, doesn'...
by cb474
Tue Dec 16, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 20
Views: 1640

Re: Regulatory guidance - occupation information requirement

Is this a requirement or just a "request" as the statement says? Who is the regulator in question anyway? it's such a vague official sounding statement, with no clear details or links to what it's about. And what's the point of it anyway? Is it really about money laundering? How does it he...
by cb474
Tue Dec 16, 2014 1:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Regulatory guidance - occupation information requirement
Replies: 20
Views: 1640

Re: Don't Peek

There are surely tens of thousands if not hundreds of thousands of Vanguard customers (my parents and wife included) who have NEVER looked at their accounts online. They simply look at the quarterly statements sent to them by Vanguard and then file them away. Surely that doesn't violate Vanguard's ...
by cb474
Sat Dec 13, 2014 5:13 am
 
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 3875

Re: Don't Peek [at Your Portfolio Balance]

My goal is to update my spreadsheet quarterly and no more. I also save quarterly statements. But it seems this 'hands off' approach is at odds with the need to monitor accounts closely for fraud, etc. Yeah, for the impulsive, unfortunately, I think it's a real risk not to monitor your account at le...
by cb474
Fri Dec 12, 2014 9:04 pm
 
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 3875

Re: Don't Peek

I think the don't peek advice is good advice for people who have trouble controlling impulses that might interfere with their investments plans. And it might save you from some sleepless nights and unnessary stress as well. But, keep in mind that part of Vanguard's terms of service, for reimbursing ...
by cb474
Fri Dec 12, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 3875

Re: New HTTPS security bug, Vanguard servers vulnerable

I think all of your other advice is great, except the statement that a VPN will encrypt all data could be misleading. My organization uses split tunneling so only traffic to the servers in the organization is encrypted through the VPN. After reading the OP, it could make me believe that I was fine ...
by cb474
Fri Dec 12, 2014 8:03 pm
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

FYI, all servers at investor.vanguard.com and vanguard.com appear to be updated for the bug now.
by cb474
Fri Dec 12, 2014 5:18 am
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

Since the IT people who set this stuff up often do a mediocre job with security, it is also possible to remotely exploit bugs in router firmware and take them over to remotely deploy man in the middle attacks I also think that the routers in the backbone of our ISPs and the internet in general are ...
by cb474
Fri Dec 12, 2014 4:46 am
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

It is far more difficult and requires far more knowledge to hack into the core routers and the IP subnet. There are safeguards in place to prevent routing hijacking and that part of the infrastructure gets a little more attention than your average network. Yes, it would be a remote attack and it wo...
by cb474
Thu Dec 11, 2014 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

As far as I understand, the only way you can be subject to this attack is through a man in the middle attack, when you're connected to to a wifi hotspot or unsecured router. So never access your Vanguard account from a cafe or hotel or any public wifi (unless you're using a VPN) . Even if you use a...
by cb474
Thu Dec 11, 2014 10:43 pm
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

Not sure what your point is. My point was that this thread is overflowing with wifi security talk, when it's much more likely the bad guys would execute such an attack at an ISP or Internet core routing point. I highly doubt a Russian cyber crime perpetrator is going to fly to your house, sit in yo...
by cb474
Thu Dec 11, 2014 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

Just an FYI, WEP does have encryption, it's just such poor a encryption scheme that it can be trivially broken by observing the encrypted traffic. After observing enough traffic, one can recover the key. Once the attacker has the key, everything can be decrypted. So it's the equivalent of an unencr...
by cb474
Wed Dec 10, 2014 3:30 am
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

OK I got it. I had assumed clicking on the address link would take me to the site but it goes to the report! The guide wasn't clear ... https://www.ssllabs.com/downloads/SSL_Server_Rating_Guide.pdf Ah, yes, you have to click on the address link. I understand many of the technical things in the Qual...
by cb474
Tue Dec 09, 2014 4:46 am
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: New HTTPS security bug, Vanguard servers vulnerable

Schwab was reported as a "B" - not that I really know what that means... You can read the whole long report the site produces and see what it means. Then look up things you don't understand. As far as this bug goes, you need to scroll down to near the bottom of the report and look for a l...
by cb474
Tue Dec 09, 2014 4:25 am
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

New HTTPS security bug, Vanguard servers vulnerable[Patched]

There's a new version of the Poodle security bug that effects encrypted web browser connections to Vanguard's servers: http://arstechnica.com/security/2014/12/meaner-poodle-bug-that-bypasses-tls-crypto-bites-10-percent-of-websites/. I tested Vanguard's servers using Qualys SSL Labs and Vanguard got ...
by cb474
Tue Dec 09, 2014 2:38 am
 
Forum: Investing - Theory, News & General
Topic: New HTTPS security bug, Vanguard servers vulnerable[Patched]
Replies: 39
Views: 4151

Re: ? "re-registrations of shares within the same fund"

Conversion of shares is covered in a different part of the frequent trading policy, so I don't think it has anything to do with the part I'm asking about. I'm just curious what "re-registration of shares within the same fund" means, if anyone knows. I guess it sounds like what kaneohe desc...
by cb474
Sat Nov 15, 2014 6:24 am
 
Forum: Investing - Help with Personal Investments
Topic: ? "re-registrations of shares within the same fund"
Replies: 4
Views: 514

? "re-registrations of shares within the same fund"

In Vanguard's frequent trading policy, one of the exceptions to the rule about trading back into a fund, before the 60 day limit, is for: "Transfers and re-registrations of shares within the same fund." (https://personal.vanguard.com/us/whatweoffer/overview/exchangepolicy) What does this m...
by cb474
Fri Nov 14, 2014 5:08 am
 
Forum: Investing - Help with Personal Investments
Topic: ? "re-registrations of shares within the same fund"
Replies: 4
Views: 514

Re: A look at the large value premium

Where does good old EFV fall, with respect to multi-metric concerns? On the MSCI website there's a pdf that says the index evaluates equities according to, "three variables: book value to price, 12-month forward earnings to price and dividend yield." How does that measure up to some of the...
by cb474
Mon Sep 22, 2014 12:37 am
 
Forum: Investing - Theory, News & General
Topic: A look at the large value premium
Replies: 16
Views: 2177

Re: U.S. stocks in freefall

I don't like knowing my portfolio has gone down in value the past week(s). However, there is some comfort that the market seems to be returning to some semblance of 'normality' by actually responding to actual conditions and events, rather than blindly climbing upward regardless. Hope I feel his wa...
by cb474
Fri Aug 08, 2014 3:51 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1056
Views: 186986

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

You may be right that silent edits are standard practice on corporate websites. I don't know. But I really don't see anything wrong with making the edits more transparent for the sake of clarity. And I don't think it would be any more work. In the end, to me, just because everyone does something co...
by cb474
Mon May 05, 2014 10:33 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

^Yes, they can post whatever nonsense they want. Who said they can't? I'm not suggesting that edits be called out. I'm suggesting a timestamp on every article they post; no need to spell out any corrections. Easy to automate. I'm also sure that Vanguard will never do this--I think at least we agree...
by cb474
Mon May 05, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

Something like this happening once is understandable. Twice in such a similar way really reinforces the sense, for me, that at least as far as the website goes, at Vanguard the right hand doesn't know what the left hand is doing. I'm pretty unimpressed. My bank is way better at this kind of thing. ...
by cb474
Sun May 04, 2014 10:26 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

Updated 5/1 to correct the effective date of the expense ratio changes for the Extended Market Index Fund (all share classes, including the ETF) to 4/28, as well as to correct that the expense ratios of the Small-Cap Value Index Fund (all share classes, including the ETF) did not increase. For Smal...
by cb474
Sun May 04, 2014 10:22 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

[OT comments removed by admin LadyGeek] 1) I was just curious what was going on with the expense ratio. [Response to OT comments removed by admin LadyGeek] 4) I think it matters that lately Vanguard can't seem to post accurate information on their website and has to keep revising it (while not ackn...
by cb474
Sun May 04, 2014 2:27 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

That's interesting because Vanguard states as of April 30, 2014 states that the increase is because of BDCs. It would be nice if someone from Vanguard explained the increase. https://advisors.vanguard.com/VGApp/iip/site/advisor/research/article/ArticleTemplate.xhtml?iigbundle=IWE_NewsExpenseRatio04...
by cb474
Fri May 02, 2014 11:02 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

That's interesting because Vanguard states as of April 30, 2014 states that the increase is because of BDCs. It would be nice if someone from Vanguard explained the increase. https://advisors.vanguard.com/VGApp/iip/site/advisor/research/article/ArticleTemplate.xhtml?iigbundle=IWE_NewsExpenseRatio04...
by cb474
Fri May 02, 2014 4:12 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

The ER went down to .09% for every Vanguard style fund, except Vanguard value, which went up to .12%. I can't believe that CSRP charges more for their small value index than for their small growth index. I wonder if there is an error in Vanguard's system somewhere? Especially since no one has found...
by cb474
Tue Apr 29, 2014 3:35 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: POLL: the WORST financial advice you've given/received?

But the main problem is that they are asking lots of people for advice, and then following a little of all of the advice (they can't tell the difference between good and bad advice). As a result, their financial strategy is incoherent... the proverbial "too many cooks in the kitchen" (and...
by cb474
Tue Apr 29, 2014 12:55 am
 
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15427

Re: Vanguard's Small Cap Value Fund Expense Ratio Goes Up

Thanks for all the responses. As others note, my attention was drawn to the change in ER on the balance and holdings page of the website, where a little note popped up indicating that the ER on VSIAX/VBR had changed (gone up), as well as on VTSAX (went down). * My colleague Kevin Grogan (and co auth...
by cb474
Tue Apr 29, 2014 12:42 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: POLL: the WORST financial advice you've given/received?

I don't think I've ever given someone financial advice that I subsequently felt was bad advice. But I do feel like it's almost always a bad idea to give people financial advice. I've found people just don't want it. It provokes a lot of anxieties and usually I get proverbially punched in the face fo...
by cb474
Mon Apr 28, 2014 3:58 am
 
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15427

Vanguard's Small Cap Value Fund Expense Ratio Goes Up

I just saw that the expense ratio on VBR/VSIAX, Vanguard's small cap value fund, has gone up from .10% to .12%. (Not sure what, if any, change there was for the investor shares.) That surprised me. I haven't seen the ER on a Vanguard fund go up before. It's not much of a difference, but still not th...
by cb474
Mon Apr 28, 2014 3:50 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's Small Cap Value Fund Expense Ratio Goes Up
Replies: 41
Views: 7530

Re: heartbleed - widespread internet security problem

If anyone tried to draw money from a mutual fund account, you'd get a confirmation of them linking a bank account to your mutual fund account before they could transfer the funds. At least I think it works that way at Vanguard. And you get a confirmation at your old address if someone tries to chan...
by cb474
Thu Apr 17, 2014 2:52 am
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

Let us not forget that Vanguard has not resissued the certificate for their site. It's almost two years old. And given the mixed, unclear messages Vanguard posted about whether or not they were ever vulnerable in any way to the SSL bug, I'm not feeling great about this. I think out of an abundance o...
by cb474
Tue Apr 15, 2014 8:21 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

<snip>Vanguard's site now no longer makes any claim that Vanguard never was vulnerable. It just says, effectively, that the site is not now vulnerable.<snip> Vanguard's web site includes: You may have heard about the "Heartbleed" security flaw that has exposed some websites to attackers. ...
by cb474
Sat Apr 12, 2014 7:16 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

I really disagree with those that assert there's some reason Vanguard needs to be cagey about how their system works and whether or not it was vulnerable. Yes it's complicated how these things work, as many have said, but the answer is not complicated. As others have noted Fidelity has been very str...
by cb474
Fri Apr 11, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

from Vanguard: Heartbleed was discovered in OpenSSL, the data encryption standard used by a majority of websites around the world—including vanguard.com—to transmit information securely. It lets attackers steal confidential data without being noticed, including passwords, bank account information, ...
by cb474
Fri Apr 11, 2014 4:21 am
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

So while it's alway a good time to review security practices. I think people should be clear that this is not your typical password problem, where one site is compromised and then that messes you up on any other site that uses the same password. Again, as news stories have noted, two thirds of the ...
by cb474
Thu Apr 10, 2014 1:17 am
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

I also called Vanguard today and they also told me, as someone above said, that their system is not subject to the OpenSSL bug. The person I spoke with was not very knowledgeable though and did not transfer me directly to the technical website people. He was unwilling to disclose whether they use W...
by cb474
Wed Apr 09, 2014 8:15 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

We have a lengthy discussion on passwords here: Another reason why you should never reuse passwords... - it's chock full of suggested techniques and other helpful information. It's true as many people have been reiterating here that the best practice is not to use the same password for more than on...
by cb474
Wed Apr 09, 2014 7:32 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

This site indicates vanguard may not be impacted. http://filippo.io/Heartbleed/ Just to repeat what I said above, the filippo site is not useful and can be very misleading. It returns the same response ("all good, whatever-website-you-entered seems fixed or unaffected") for websites that ...
by cb474
Wed Apr 09, 2014 7:23 pm
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: heartbleed - widespread internet security problem

There is yet another heartbleed checker, which I think is much more useful than the first two, here: http://possible.lv/tools/hb/ The Lastpass checker seems unable to really tell if a site is or (especially) was vulnerable in many cases (treating sites with old certificates, but which were never vul...
by cb474
Wed Apr 09, 2014 5:24 am
 
Forum: Personal Consumer Issues
Topic: heartbleed - widespread internet security problem
Replies: 175
Views: 28396

Re: "Buy the haystack" -- Jack Bogle quote

But, I do want to add that for folks who are brand new to managing invesments or don't have the interest or inclination to deal with it, a simpler framework (that doesn't have too much tracking error) might be of benefit. When people hear value/small premium and jump into it without fully comprehen...
by cb474
Thu Mar 13, 2014 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 9560

Re: Small Cap Tilting

Although we have probably provided some interesting information (or at least our takes on it) I doubt that continuing this is all that productive or valuable so I’ll give it a rest after this post. Yes, we probably have gone over our take on the questions at hand enough times. I think I mostly agre...
by cb474
Wed Mar 12, 2014 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 9560

Re: "Buy the haystack" -- Jack Bogle quote

The amount of time spent thinking of investing as "Science" (NOT), and searching for things like needles in a haystack that can stick you in the rear end, could be more productive if the time is devoted to search for ways to maximize our earning-power - thus maximizing our savings rate. Y...
by cb474
Wed Mar 12, 2014 5:31 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 9560

Re: Small Cap Tilting

Thanks for your thoughts on the makeup of the two funds. A couple remarks: IMO the shifts you see in VTMSX are a combination of the market shifts in general with the added variable of the tax management trading screens. That’s a unique variable for this type of fund. I think you get some momentum ef...
by cb474
Tue Mar 11, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 9560

Re: Small Cap Tilting

See the question I posed to Landy above. How can I respond? What difference do the comparative factor loadings make when VSMAX was attempting to replicate the MSCI index, or R2K prior to that? That has nothing to do with the product available today. That's why analyzing the historic factor loadings...
by cb474
Mon Mar 10, 2014 7:06 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap Tilting
Replies: 84
Views: 9560

Re: Benjamin Graham thinks current S&P valuations are reason

I was responding, as your quote from me shows, to someone who was talking about moving a certain portion of their investments into cash (rather than just equities and bonds) if PE10 > 25. I assumed cash meant cash (something like a money market account or simply a regular bank account), not 3 month ...
by cb474
Sun Mar 09, 2014 6:47 pm
 
Forum: Investing - Theory, News & General
Topic: Benjamin Graham thinks current S&P valuations are reasonable
Replies: 54
Views: 7893
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