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Self Reliance Federal Credit Union NYC

Has anyone looked at the 5 year CD rate of Self Reliance Federal Credit Union of 3.05% APY? I saw it on www.bestcashcow.com. Same as the previous Pen Fed 5 year CD last December and January. Any thoughts?
by yorkpond
Tue Dec 02, 2014 3:26 pm
 
Forum: Investing - Theory, News & General
Topic: Self Reliance Federal Credit Union NYC
Replies: 3
Views: 756

Re: Vanguard buying feature not expected

One can certainly sell the "error" the next day; but, one is then subject to the frequent trader rule and cannot buy back the fund within 60 days after selling. This is not the frequent trading policy. The frequent trading policy takes over a page in the prospectus. To reduce it to "...
by yorkpond
Wed Mar 20, 2013 12:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard buying feature not expected
Replies: 11
Views: 957

Re: Vanguard buying feature not expected

You point out one of Vanguard's short comings. Fidelity allows cancelling a pending order, Vanguard does not. Of course if you have proper funds available (maybe unlikely) you could issue a reverse order. For example, if you have $40K in Total Stock Market and you meant to buy $10K more and mistake...
by yorkpond
Wed Mar 20, 2013 11:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard buying feature not expected
Replies: 11
Views: 957

Re: Vanguard buying feature not expected

Can you call Vanguard to cancel an incorrect order? No, you cannot. I was on the phone with our Flagship rep to complete subsequent orders and he said that the order was "IN". That was that. He did say I could sell the next day but as I mentioned in the original post, I could not buy that...
by yorkpond
Wed Mar 20, 2013 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard buying feature not expected
Replies: 11
Views: 957

Vanguard buying feature not expected

This is only my third post to this wonderful community. I started to deploy money into my asset allocation at intervals. Started recently and not being too familiar with buys of Vanguard mutual funds (a long time Fidelity customer) I noticed that if a buy order for a fund is placed...it is placed an...
by yorkpond
Wed Mar 20, 2013 7:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard buying feature not expected
Replies: 11
Views: 957

Re: Dollar cost averaging advice from Vanguard CFP

I don't think that DCAing is market timing. With a 7 figure portfolio I'd be very wary about dumping it all in at once as well. At this point I'm letting this all sink in. Getting as much advice as I can. I really did not expect the planner to even mention this as a choice for us. He did explain th...
by yorkpond
Thu Mar 07, 2013 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging advice from Vanguard CFP
Replies: 12
Views: 949

Re: Dollar cost averaging advice from Vanguard CFP

What I find interesting is the "framing" aspect of the issue. Let's say you were 60% equities, 40% bonds at Fidelity and you were reasonably comfortable with that allocation - or at least had no plans to change it. Now that your portfolio has been converted to cash, it apparently looks ki...
by yorkpond
Thu Mar 07, 2013 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging advice from Vanguard CFP
Replies: 12
Views: 949

Re: Dollar cost averaging advice from Vanguard CFP

I do not agree with the forum consensus on "DCA versus lump-summing." The consensus is that lump-summing is just plain better. I believe, though, that it is just another risk/return tradeoff. Here is my reasoning. Let's compare a lump-sum investment, all on a single day, to five consecuti...
by yorkpond
Thu Mar 07, 2013 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging advice from Vanguard CFP
Replies: 12
Views: 949

Re: Dollar cost averaging advice from Vanguard CFP

I don't think that DCAing is market timing. With a 7 figure portfolio I'd be very wary about dumping it all in at once as well. At this point I'm letting this all sink in. Getting as much advice as I can. I really did not expect the planner to even mention this as a choice for us. He did explain th...
by yorkpond
Thu Mar 07, 2013 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging advice from Vanguard CFP
Replies: 12
Views: 949

Re: Dollar cost averaging advice from Vanguard CFP

Been discussed many times. You have already captured the answer, which is that the rational investment decision is to invest immediately in the designed asset allocation while easing in might or might not relieve psychological regret in some cases. If the positions you have unwound were as risky or...
by yorkpond
Thu Mar 07, 2013 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging advice from Vanguard CFP
Replies: 12
Views: 949

Dollar cost averaging advice from Vanguard CFP

I recently transferred a low 7 figure account (2 Roth's, 2 Rollover IRA's, 1 taxable) from Fidelity to Vanguard. We unwound the portfolios and is largely in cash. Had a video call from the Flagship CFP yesterday. With the market frothy at this point, he recommended investing 20% in the very near fut...
by yorkpond
Thu Mar 07, 2013 10:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging advice from Vanguard CFP
Replies: 12
Views: 949

Re: Breaking the "slice and dice" habit

Yorktown: You have not exactly broken "the slice and dice habit ," but it's a good start. :wink: Best wishes. Taylor Of course, your absolutely correct. Compared to what I had at Fidelity, this portfolio is much simplified. The only part of this portfolio is having to spread the allocatio...
by yorkpond
Wed Feb 20, 2013 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: Breaking the "slice and dice" habit

Well, after a second CFP video call we "tentatively" decided on the following allocation after letting the CFP at Vanguard know of our desire to slightly tilt towards value and add REIT. He was not happy with the REIT because Vanguard considers it a sector fund. In fact, he was not able to...
by yorkpond
Sun Feb 17, 2013 11:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: The Vanguard recommended portfolio.

First post for me. I'm very excited. -- The planner recommended the 4 fund portfolio. -- I'm having a hard time with this consolidated approach. Question: If the overall portfolio for both of us is 60/40 does it really matter where the bonds, equities are placed? Should each portfolio be the same 6...
by yorkpond
Sat Feb 09, 2013 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: The Vanguard recommended portfolio.

First post for me. I'm very excited. -- The planner recommended the 4 fund portfolio. -- I'm having a hard time with this consolidated approach. Question: If the overall portfolio for both of us is 60/40 does it really matter where the bonds, equities are placed? Should each portfolio be the same 6...
by yorkpond
Fri Feb 08, 2013 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: Breaking the "slice and dice" habit

Thanks to all. Will post again after Monday's CFP video call. Leaning toward my decades old diversified portfolios. I see no downside at this point. I'll be interested in the CFP response. Technically speaking there is a downside. By slicing and dicing you could create returns that lag the total ma...
by yorkpond
Fri Feb 08, 2013 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: Breaking the "slice and dice" habit

Thanks to all. Will post again after Monday's CFP video call. Leaning toward my decades old diversified portfolios. I see no downside at this point. I'll be interested in the CFP response. Technically speaking there is a downside. By slicing and dicing you could create returns that lag the total ma...
by yorkpond
Fri Feb 08, 2013 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: Breaking the "slice and dice" habit

Thanks to all. Will post again after Monday's CFP video call. Leaning toward my decades old diversified portfolios. I see no downside at this point. I'll be interested in the CFP response.
by yorkpond
Thu Feb 07, 2013 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: Breaking the "slice and dice" habit

I found the "Principles of Tax-Efficent Fund Placement" Wiki helpful: http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund_Placement Thanks, I've seen this article and it's a good one. Just have to feel comfortable after all is said and done. We'll have plenty of conversations ...
by yorkpond
Thu Feb 07, 2013 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: On Location and Allocation

On Asset Location : I would say yes, equities in Roths/Taxable and bonds in IRAs makes sense if you are OK with the divergence in returns across individual accounts (I actually have a few clients who prefer for this not to be the case despite probable benefits). On Asset Allocation : Vanguard doesn...
by yorkpond
Thu Feb 07, 2013 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: On Location and Allocation

On Asset Location : I would say yes, equities in Roths/Taxable and bonds in IRAs makes sense if you are OK with the divergence in returns across individual accounts (I actually have a few clients who prefer for this not to be the case despite probable benefits). On Asset Allocation : Vanguard doesn...
by yorkpond
Thu Feb 07, 2013 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Re: Breaking the "slice and dice" habit

Usually one starts by considering the portfolio as a whole and then locates the various assets according to tax considerations. That is what you are hearing from Vanguard. That would pretty much be the mantra here. I understand Rick Ferri, for one, does not necessarily follow that practice. Yup, yo...
by yorkpond
Thu Feb 07, 2013 5:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

Breaking the "slice and dice" habit

First post for me. I'm very excited. Been with Fidelity forever and found no value added with my dedicated rep. He was very limited in his ability to recommend much at all. Did it all myself for years. So, please help with the following: Moved our taxable acct, 2 Roth IRA's, and 2 Rollover IRA's (my...
by yorkpond
Thu Feb 07, 2013 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Breaking the "slice and dice" habit
Replies: 40
Views: 4267

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