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Re: Chase $500 offer

Can't I just open a 2nd account? I will stop by the bank soon. I got 3 of them right near by and one by my office. Maybe I'll go to another branch to see if that makes any difference. Or, if I open the account under my wife's name, can I get my paycheck to be deposited directly to her account? I th...
by tj
Thu Mar 26, 2015 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase $500 offer
Replies: 13
Views: 2404

Re: Chase $500 offer

Have you noticed the " ** " in tiny print last line on the back in regards to these accounts? **If either the checking or savings account is closed within six months after opening, we will deduct the bonus amount for that account at closing. :oops: So leave it open for 6 months and then c...
by tj
Thu Mar 26, 2015 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase $500 offer
Replies: 13
Views: 2404

Re: Chase $500 offer

Have you noticed the " ** " in tiny print last line on the back in regards to these accounts? **If either the checking or savings account is closed within six months after opening, we will deduct the bonus amount for that account at closing. :oops: So leave it open for 6 months and then c...
by tj
Thu Mar 26, 2015 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Chase $500 offer
Replies: 13
Views: 2404

Re: Restaurant tipping

Hers was, and I totally understand why, "Don't talk to me that way!" I overreacted a little, but I made my point. I'm never going back there. Well, the silver lining to that experience is that your post made me laugh out loud. I like to read through some of these posts before I go to a re...
by tj
Thu Mar 26, 2015 3:56 pm
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 178
Views: 9851

Re: Restaurant tipping

One of the things that frustrates me in the industry is when they just refill without asking. Maybe I only want one soda and want to switch to water. I don't tip less for this though. Unless I am with friends, I generally eat at places where I fill up my own drink, and thus don't feel compelled to l...
by tj
Thu Mar 26, 2015 3:01 pm
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 178
Views: 9851

Re: Restaurant tipping

To all these people who apparently live places where tipped employees have special minimum wages (is this also true for hairstylists and such?), would you have the same tipping philosophy if the tipped employees in your state make normal minimum wage? My philosophy is that tipping on the $$ amount i...
by tj
Thu Mar 26, 2015 10:54 am
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 178
Views: 9851

Re: Excess Cash - Play Monopoly or Repay Debt?

And yes, about half our taxable brokerage is in company stock, a percentage which drops each month as we invest more in diversified ETFs. Is there a reason that you maintain such a high percentage in your employer's stock? Is there some minimum time limit you must hold it before diversifying? If th...
by tj
Thu Mar 26, 2015 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 60
Views: 4210

Re: What Happens When Vanguard Owns Everything?

Software will change the game. The idea of the index-tracking fund delivered in the form of a pooled fund, now decades old and a product of taking the sting out of the high transaction fees of old, is built on the premise that the pooled fund is still the least costly method. It is, until it isn't....
by tj
Wed Mar 25, 2015 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: What Happens When Vanguard Owns Everything?
Replies: 19
Views: 4606

Re: Restaurant tipping

What do you guys do at Chinese Steam Table places? it's borderline fast food - but they receipts always seem to have spots for tips. I do not tip at those places, just like I do not tip for take out.....
by tj
Wed Mar 25, 2015 7:13 pm
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 178
Views: 9851

Re: Considering Vanguard Health Care Fund VGHCX

Health Care fund has a PE of 37.4x - that's quite a bit higher than the broad market, but still nothing compare to Tech in the 90s.
by tj
Wed Mar 25, 2015 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering Vanguard Health Care Fund VGHCX
Replies: 15
Views: 1204

Re: Can I be an HCE and make less than $115k?

It would make zero sense for top 20% to be an exclusion, since that would circumvent the whole thing. In that case, nobody would be an HCE- think about it.
by tj
Wed Mar 25, 2015 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I be an HCE and make less than $115k?
Replies: 13
Views: 1132

Re: Excess Cash - Play Monopoly or Repay Debt?

Meg - if you feel compelled to keep lots of cash on hand, consider the various rewards checking accounts opportunities - and if it's worth jumping through the hoops to increase your cash yield.
by tj
Tue Mar 24, 2015 4:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 60
Views: 4210

Re: Excess Cash - Play Monopoly or Repay Debt?

To me, having a 2% loan is better than a 5% loan....I mean even paying down the personal residence loan would be better than the negligible amount of the auto loans - it's not as if there is a cash flow issue here. The student loan may make the most sense just because it's a variable rate - but it'...
by tj
Tue Mar 24, 2015 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 60
Views: 4210

Re: Excess Cash - Play Monopoly or Repay Debt?

Not understadning the posts recommending paying off Auto & Student loan debt. Some of the mortgages have rates twice as high. I guess it depends on your tax bracket. Unless you are driving beaters (which I doubt), I don't see any reason to pay off those auto's ahead of schedule when you have 5%...
by tj
Mon Mar 23, 2015 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 60
Views: 4210

Re: Excess Cash - Play Monopoly or Repay Debt?

Not understadning the posts recommending paying off Auto & Student loan debt. Some of the mortgages have rates twice as high. I guess it depends on your tax bracket. Unless you are driving beaters (which I doubt), I don't see any reason to pay off those auto's ahead of schedule when you have 5% ...
by tj
Mon Mar 23, 2015 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess Cash - Play Monopoly or Repay Debt?
Replies: 60
Views: 4210

Re: Munis for Diversification?

Should the OP be buying VCIT in taxable as the after-tax rates should be similar, if not higher?
by tj
Mon Mar 23, 2015 7:17 pm
 
Forum: Investing - Theory, News & General
Topic: Munis for Diversification?
Replies: 14
Views: 1300

Re: Best Bank for Checking Account

US Bank has a free checking account if you have one of their credit cards.
by tj
Mon Mar 23, 2015 6:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2510

Re: How Do You Watch Television?

I really want to cut the cord, I pay about $140 a month for Fios triple play bundle with HD cable with HBO and internet. I only watch live sports and HBO honestly. But I dont think I could still watch ESPN, NFL Network, NBA TV etc without cable. It is a huge scam but I think I will just cut the cor...
by tj
Mon Mar 23, 2015 10:42 am
 
Forum: Personal Consumer Issues
Topic: How Do You Watch Television?
Replies: 76
Views: 4721

Re: How Do You Watch Television?

AT&T or Verizon is not cable or satellite or streaming. How would you classify the telecom TV services?
by tj
Sun Mar 22, 2015 12:32 pm
 
Forum: Personal Consumer Issues
Topic: How Do You Watch Television?
Replies: 76
Views: 4721

Re: Restaurant tipping

Maybe it is my age, but this is a pet peeve of mine. What I call tip geometric inflation. Tips already have a built in inflation mechanism. As the price of restaurant meals go up the servers tips go up. No need to raise the base tip percentage. The flaw in this logic is that it assumes that servers...
by tj
Sat Mar 21, 2015 10:39 pm
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 178
Views: 9851

Re: Schwab Intelligent Portfolios [now live]

What I don't get is if you buy into the idea that fundamental indexing is sueprior - why do they use the cap weighted indexes too in SIP?
by tj
Fri Mar 20, 2015 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

I suppose it doesn't matter, it just seems less tax efficient to reinvest your dividends and sell positions shortly thereafter. Long term it doesn't matter. This month you generate 20k of income (10k from dividends, 10k from selling stock. ). Next month you generate 0 (you sell that stock you bough...
by tj
Thu Mar 19, 2015 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Which credit union are you a member of?

Alliant Credit Union
Navy Federal Credit Union
Pentagon Federal Credit Union
Consumers Credit Union
by tj
Thu Mar 19, 2015 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which credit union are you a member of?
Replies: 60
Views: 4563

Re: Schwab Intelligent Portfolios [now live]

I am retired and want income for expenses from my SIP. Will the SIP generate a monthly paycheck and put the money into my checking account? Thanks Schwab might be the best answer for that. Betterment will also do autowithdrawals and I would be shocked in Wealthfront didn't offer that service also. ...
by tj
Thu Mar 19, 2015 12:27 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

I am retired and want income for expenses from my SIP. Will the SIP generate a monthly paycheck and put the money into my checking account? Thanks Schwab might be the best answer for that. Betterment will also do autowithdrawals and I would be shocked in Wealthfront didn't offer that service also. ...
by tj
Thu Mar 19, 2015 11:40 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

That is including ERS or total cost. So the actual cash drag in that table is 0.05% to 0.26%. Please feel free to correct me if I am reading that table wrong, as obviously I am doing that with do. Well, clearly a point of clarification, I'm reading the cash drag as 0.28-0.38%. Perhaps the poster ca...
by tj
Wed Mar 18, 2015 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

And the nice aspect of automation is that one doesn't need to manually check each of these 10+ asset classes every day. Lots of people have the misconception that things move so much that one needs to check every day. * Or perhaps they think that one needs to look every day in detail. Or perhaps th...
by tj
Mon Mar 16, 2015 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Index Equivalent to the Wellington Fund

According to the Vanguard website the Wellington Fund is benchmarked against the S&P 500 Index for its stock allocation (despite the inclusion of some international holdings) and the Barclays U.S. Credit A or better Bond Index for its bond allocation. I also see that the Vanguard Long-Term Inve...
by tj
Mon Mar 16, 2015 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Index Equivalent to the Wellington Fund
Replies: 1
Views: 351

Re: costco gas and amex cards

Fidelity Amex will get 2% at costco gas.
by tj
Sun Mar 15, 2015 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: costco gas and amex cards
Replies: 4
Views: 735

Re: Keeping the change (making saving automatic)

Its a gimmick. id rather just have lower credit card bills.
by tj
Sun Mar 15, 2015 10:26 pm
 
Forum: Personal Consumer Issues
Topic: Keeping the change (making saving automatic)
Replies: 15
Views: 1420

Re: Schwab Intelligent Portfolios [now live]

For me, the math was simple, if I'm using SIP with the assumption that this is for stocks only and the cash is considered my "fee",If I assume both strategies of funds will achieve the same results ( they won't), say 5% with Betterment: I have 100,000 * 1.05 = $105,000 less $157.50 (15 bps...
by tj
Sat Mar 14, 2015 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Where to retire in New England?

Lifelong resident here- I dream of a small bustling town on the water for retirement- somewhere I can get an old house, walk to town, eat at a good restaurant, buy nice coffee, walk my errands and still see the boats and get to a quiet beach. I've identified Portsmouth (young and vibrant), Newburyp...
by tj
Sat Mar 14, 2015 11:40 am
 
Forum: Personal Consumer Issues
Topic: Where to retire in New England?
Replies: 101
Views: 7470

Re: Schwab Intelligent Portfolios [now live]

In any case, for those who would hold bonds, they should compare the cash allocation returns to the likely bond returns and not to the stock returns as wealthfront and other analysis are incorrectly doing. For me, I specifically like the idea of robo-advising for stocks and would prefer do the bond...
by tj
Sat Mar 14, 2015 10:58 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: The Three Fund Portfolio

Welcome PT53! And congratulations on a great tenant in any investment advice - be willing to ask and be willing to be challenge (if it's true and worthwhile, it will survive the challenge). In response to your query, it is no longer true for the purposes of passing through the foreign taxes paid; V...
by tj
Sat Mar 14, 2015 10:56 am
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1036
Views: 472056

Re: The Three Fund Portfolio

Welcome PT53! And congratulations on a great tenant in any investment advice - be willing to ask and be willing to be challenge (if it's true and worthwhile, it will survive the challenge). In response to your query, it is no longer true for the purposes of passing through the foreign taxes paid; V...
by tj
Sat Mar 14, 2015 12:36 am
 
Forum: Investing - Theory, News & General
Topic: The Three Fund Portfolio
Replies: 1036
Views: 472056

Re: Schwab Intelligent Portfolios [now live]

So: SIP is more expensive than either Wealthfront or Betterment -- for anyone who doesn't want to keep cash idle. I just don't understand the logic of this. Since Wealthfront doesn't use fractional shares, your forced to keep a small cash allocation AND pay a 25 bps fee. If you are in the highest t...
by tj
Fri Mar 13, 2015 11:27 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Bank of America/Merrill Edge - Preferred Rewards

My Merrill Edge bonus showed up earlier this week as well. I intend to keep these assets (mostly muni CEFs) with Merrill Edge. Once the dividends from the CEFs are credited, they are automatically transferred to my linked 3rd party bank account. Keeping the assets there also helps me qualify for pr...
by tj
Fri Mar 13, 2015 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 57
Views: 5202

Re: Schwab Intelligent Portfolios [now live]

Here's Betterment's take:

https://www.betterment.com/resources/in ... cash-drag/

It's less sour grapesy than Wealthfront's, but still how convenient that they mention the cost of cash drag, but not the cost of ongoing-fee drag. ;-)
by tj
Thu Mar 12, 2015 8:38 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

Good point, I actually excluded the secondary ETF classes as they have higher expenses than the primary classes. Lets see how that affects the asset allocation Do not be too surprised if your account stays as cash. From various chats with representatives, it sounds like the system will stop trading...
by tj
Wed Mar 11, 2015 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

I understand the value you see in it for yourself, but if the service is not easy for the average person to use, it will be a failure. I have to be able to tell a friend who knows nothing about investing that he or she can probably use SIP without supervision. I would agree with that. I'd refer a f...
by tj
Wed Mar 11, 2015 2:38 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

I consider the cash to be a substitute for short-term bonds, so I fall into the category tha tconsiders a percentage point of cash to be roughly a 1-bp drag on returns in the long run. I am not sure I'm estimating the typical difference in yield between cash and short-term bonds, though. One thing ...
by tj
Wed Mar 11, 2015 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: How to Really Drive Across the U.S. Hitting Major Landma

Drain wrote:I just want to say that this is a terrible conversation title. :) (Teasing!)


Well, we aren't allowed to copy and paste verbatim around here, I am not sure how these sorts of topics are usually handled. :)
by tj
Wed Mar 11, 2015 12:38 pm
 
Forum: Personal Consumer Issues
Topic: How to Really Drive Across the U.S. Hitting Major Landmarks
Replies: 21
Views: 2087

How to Really Drive Across the U.S. Hitting Major Landmarks

Travelers - I found this an interesting article about driving across America and hitting several major landmarks. http://news.discovery.com/tech/gear-and-gadgets/how-to-really-drive-across-the-us-hitting-all-major-landmarks-150309.htm I am sort of curious what the estimated cost would be for such an...
by tj
Wed Mar 11, 2015 12:26 pm
 
Forum: Personal Consumer Issues
Topic: How to Really Drive Across the U.S. Hitting Major Landmarks
Replies: 21
Views: 2087

Re: Schwab Intelligent Portfolios [now live]

I consider the cash to be a substitute for short-term bonds, so I fall into the category tha tconsiders a percentage point of cash to be roughly a 1-bp drag on returns in the long run. I am not sure I'm estimating the typical difference in yield between cash and short-term bonds, though. One thing ...
by tj
Wed Mar 11, 2015 11:22 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

All I can control are the costs listed in front of me, and so for me, I am totally fine giving the spread on 6% cash to Schwab (which is only bad right now because the Fed has made it that way) to get automatic TLH compared to giving 0.25% of my assets. How do you feel about the fundamental index p...
by tj
Tue Mar 10, 2015 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios [now live]

All I can control are the costs listed in front of me, and so for me, I am totally fine giving the spread on 6% cash to Schwab (which is only bad right now because the Fed has made it that way) to get automatic TLH compared to giving 0.25% of my assets. How do you feel about the fundamental index p...
by tj
Tue Mar 10, 2015 9:33 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Turnover Ratio: Do fund manager follow buy-hold philosop

As already mentioned, funds that hold a significant fraction of bonds will have high turnover. So that include bond funds and balanced funds. How about your own personal turnover numbers? If one rollovers their 401(k) to an IRA or even tax-loss harvests a significant amount that bumps up your numbe...
by tj
Tue Mar 10, 2015 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: Turnover Ratio: Do fund manager follow buy-hold philosophy??
Replies: 14
Views: 2340

Re: Schwab Intelligent Portfolios [now live]

livesoft wrote:I'm suggesting that you will lose more than 0.25% on bad execution prices of any ETF transactions in this portfolio especially dividend reinvestment. But how to tell that's the case without an assay?


Why wouldn't you assume the same 'bad execution prices' on Wealthfront's ETF transactions?
by tj
Tue Mar 10, 2015 8:39 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939

Re: Schwab Intelligent Portfolios is live

Can someone check my math on the above? Since wealthfront and betterment don't keep any deposits sequestered in cash, doesn't Schwab's scheme result in higher costs by comparison (when considering the opportunity cost by those who would have invested the cash)? Your math is wrong. If Schwab puts th...
by tj
Tue Mar 10, 2015 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 255
Views: 17939
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