Search found 1069 matches

by Cash
Mon Feb 20, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 29
Views: 5100

Re: Tracking progress to $1M portfolio and no mortgage by 40

I would probably just refinance the mortgage to a lower rate and let it ride while saving the mortgage-payoff money in taxable. But I understand the psychological benefit of not having a mortgage.
by Cash
Sun Feb 19, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 39
Views: 3698

Re: What Do You Keep In Your Bank Safe Deposit Box?

CaliJim wrote:Vacheron Constantine
Lange Zeitwerk
Audemars Piguet


Nice
by Cash
Sat Feb 18, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 39
Views: 3698

Re: What Do You Keep In Your Bank Safe Deposit Box?

What I do know is that when you come home and someone has a gun to your wife's head (or child's) you are going to open the safe (if you have one). True. I don't have a home safe either. Aside from maybe a few hundred dollars, I keep my cash at FDIC-insured institutions. Our most valuable piece of j...
by Cash
Sat Feb 18, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 39
Views: 3698

Re: What Do You Keep In Your Bank Safe Deposit Box?

I don't have one. We have insurance for jewelry. I can easily obtain another copy of everything else that people have mentioned in this thread (except maybe paper bonds, but I don't have those and see no reason to ever acquire any).
by Cash
Sat Feb 18, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 22
Views: 2005

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

This is really just another twist on the "invest v. pay down mortgage" question with the complication that you have several small mortgages on rental properties in addition to the mortgage on your home. I like the idea of paying off the 5.125% mortgage. That car loan also doesn't get you v...
by Cash
Tue Feb 14, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Best site to check current mortgage rates
Replies: 3
Views: 576

Re: Best site to check current mortgage rates

I find mortgagenewsdaily.com to be useful for checking the latest trends and averages in mortgage rates.
by Cash
Tue Feb 14, 2017 6:10 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 112
Views: 9091

Re: Case study Broker trade executions

I think the exchange and/or broker would "bust" such trades, so it is not something to worry about. More likely is that one can buy for up to 2% to 5% higher and sell for 2% to 5% lower than a non-naive investor. And that's only for large orders of low-volume issues. But what guarantee is...
by Cash
Sun Feb 12, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 112
Views: 9091

Re: Case study Broker trade executions

I thought the problem with a market order is that you could end up selling for $0.01 per share or buying for $1,000,000 per share. I think the exchange and/or broker would "bust" such trades, so it is not something to worry about. More likely is that one can buy for up to 2% to 5% higher ...
by Cash
Sun Feb 12, 2017 8:07 am
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 103
Views: 10047

Re: The Wall Street Journal to close Google loophole entirely

mr_breen, If you make that link a "bookmark" in your browser, then when you go to a WSJ that is restricted you can click on the bookmark which will reload the page as if you came from Facebook. It's really no different in kind than going to the WSJ's facebook page or searching for it on f...
by Cash
Sat Feb 11, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 142
Views: 19174

Re: Wow, Vanguard Flagship service is bad. Really bad.

I recently moved our assets to Fidelity because the Vanguard reps could not tell me how to transfer book shares of my wife's company from the transfer agent to Vanguard. I did it online at Fidelity in a few simple steps. I also just find the overall experience to be better at Fidelity. As TFB says, ...
by Cash
Sat Feb 11, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Medallion Signature Guarantee
Replies: 66
Views: 11082

Re: Medallion Signature Guarantee

Since I started this thread over 3 years ago, I have made a point not to place assets in any financial institution that requires an MSG to transfer them. If an institution requires an MSG, it probably also has other cumbersome practices likely to annoy me at some point (like faxing in things). So fa...
by Cash
Sat Feb 11, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 4490

Re: Keep a Local Bank?

I do all of my banking online, but my mortgage has always been held by a bank with local branches (Wells Fargo, US Bank, TD Bank), and I have always received some sort of discount for opening a checking account with that bank, so we do have that if I need a physical branch at some point. That did co...
by Cash
Thu Feb 02, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 33
Views: 2810

Re: Review after one month with Fidelity Cash Management

madbrain wrote:
Yes, that is correct. Also not possible to get a money order. One of the biggest limitations with the account, to be sure. This is common to pretty much any online bank account.


Can't you have them send you a bank check? I thought I recalled that option.
by Cash
Thu Feb 02, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 33
Views: 2810

Re: Review after one month with Fidelity Cash Management

whodidntante wrote:You can buy mutual funds, etc., with deposited money within a few minutes for ACH, or the next day for a deposited check. This might matter if you are depositing a large amount and prefer to park it in a money market fund.


So you can buy mutual funds immediately, just not withdraw the money?
by Cash
Thu Feb 02, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 33
Views: 2810

Re: Review after one month with Fidelity Cash Management

Fidelity allows me to deposit a check as large as $100K in some of my accounts (although I never pushed it that high). Good to know. Fidelity limits me to $25k but maybe that's because I don't keep much there. Alliant allows $50k by mobile deposit, but $100k would be great (I recently received a ch...
by Cash
Sun Jan 22, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you check your credit reports annually?
Replies: 48
Views: 2794

Re: Do you check your credit reports annually?

I check mine monthly for free with Credit Karma. It pulls from two bureaus (Transunion and Equifax, I think). I also get them from the many credit cards and banks (e.g., Capital One, Alliant Credit Union, Barclays) that provide free credit reports and scores.
by Cash
Sun Jan 22, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: Selling diamond engagement ring
Replies: 40
Views: 4746

Re: Selling diamond engagement ring

50% sounds about right. Next time, buy from a place (like whiteflash.com) that allows you to apply the full purchase price toward a "trade in" for a bigger stone.
by Cash
Sat Jan 21, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 7408

Re: ok to pull plug and retire?

livesoft wrote:You are preparing for 60 years of retirement, so read this series to give you some more confidence:
https://earlyretirementnow.com/2016/12/ ... t-1-intro/


Excellent series of posts. Thanks for the link.
by Cash
Thu Jan 19, 2017 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Home renovation funding
Replies: 51
Views: 5360

Re: Home renovation funding

Any before and after pics?
by Cash
Mon Jan 16, 2017 7:29 pm
Forum: Personal Consumer Issues
Topic: Nespresso Inissia Espresso Maker? (or similar)
Replies: 29
Views: 1690

Re: Nespresso Inissia Espresso Maker? (or similar)

Riverstwo wrote:both are bad for the environment because of the capsules


At least Nespresso provides free bags to ship back spent capsules for recycling. I usually collect a month's worth or so and then drop off the bag at UPS. I think USPS is also an option if that's more convenient for you.
by Cash
Sun Jan 15, 2017 9:10 pm
Forum: Personal Consumer Issues
Topic: Nespresso Inissia Espresso Maker? (or similar)
Replies: 29
Views: 1690

Re: Nespresso Inissia Espresso Maker? (or similar)

Cruise wrote:Long-time Nespresso user here, after formerly having several traditional machines. Very convenient and good quality. Not the cheapest, but way less expensive than running to Starbucks.


+1. However, I have no idea how one would make a honey cardamom latte with one.
by Cash
Sun Jan 15, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Which brokerage to sell stock awards?
Replies: 12
Views: 660

Re: Which brokerage to sell stock awards?

Last year, I tried to transfer vested book shares from the transfer agent for my spouse's company to Vanguard to sell. The Vanguard rep had no idea how to do this. Fidelity allowed me to easily do it online. So I recommend Fidelity. Thanks for the info. It is strange, though. The Vanguard website i...
by Cash
Sat Jan 14, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage to sell stock awards?
Replies: 12
Views: 660

Re: Which brokerage to sell stock awards?

Last year, I tried to transfer vested book shares from the transfer agent for my spouse's company to Vanguard to sell. The Vanguard rep had no idea how to do this. Fidelity allowed me to easily do it online. So I recommend Fidelity.
by Cash
Sat Jan 14, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Home renovation funding
Replies: 51
Views: 5360

Re: Home renovation funding

I just ran into this thread when looking for another, and thought I should close the loop now that my project is done. Bottom line: project completed slightly ahead of budget, slightly but not consequentially behind schedule. Market held up to expectations (maybe a bit better). Project took more of...
by Cash
Sat Jan 14, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity [Customer Service Reputation]
Replies: 73
Views: 5311

Re: Vanguard vs. Fidelity

We recently moved our accounts from Vanguard to Fidelity. We already had the excellent cash management account because of the 2% card, and Fidelity knew how to handle the transfer of some of my wife's RSUs (online!), and the Vanguard rep did not. At that point, I didn't really see a point in staying...
by Cash
Mon Jan 09, 2017 6:00 am
Forum: Personal Finance (Not Investing)
Topic: FL prepaid plan(4-Year Florida University Plan)
Replies: 21
Views: 1672

Re: FL prepaid plan(4-Year Florida University Plan)

I'm a FL resident and used the Utah 529 plan and have been happy. They have a number of Vanguard choices. What happens to the prepaid plan if you don't choose a Florida school? I believe you get the money back with a set amount of interest, which is why most people recommended it when I searched fo...
by Cash
Mon Jan 09, 2017 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Can you negotiate trading fees with Fidelity?
Replies: 16
Views: 1617

Re: Can you negotiate trading fees with Fidelity?

Trades are $7.95 for anything not free like most of the Ishares issues (which are fine). That seems cheap enough to me. (I can remember $50-$100 commissions per trade from "discount" brokers.) That's for stocks. It would cost $50 to trade VG mutual funds: https://www.fidelity.com/trading/...
by Cash
Thu Jan 05, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage recast strategy - Feedback needed
Replies: 54
Views: 4598

Re: Mortgage recast strategy - Feedback needed

Sorry for late response. Jimb, to answer your question, the minimum required payment for WF to recast your mortgage is $20,000. I called WF again to double check with them to see if it has to be a single payment or can be split as several payments. They confirmed that need NOT be a single payment a...
by Cash
Sat Dec 31, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage recast strategy - Feedback needed
Replies: 54
Views: 4598

Re: Mortgage recast strategy - Feedback needed

Would saving $100k over the next 5 years and keeping it available give you more flexibility and cash flow when the contract is up? Maybe... I think this is the question. Seems like the best strategy would be to save up the $100k in bonds and then decide where to allocate it once the contract is up....
by Cash
Fri Dec 30, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 220
Views: 34459

Re: Bank of America/Merrill Edge - Preferred Rewards

Has anyone done a backdoor Roth with Merrill Edge? Is it easy to do online? One of my frustrations with my old Wells PMA account was faxing in the Roth conversion forms every year... I'd also be interested in how they do conversions and recharacterizations. It looks like it might be harder than at ...
by Cash
Thu Dec 29, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: credit card fraud
Replies: 49
Views: 5868

Re: credit card fraud

Fraudsters purchase numbers by the hundreds or thousands on the internet and just try each one to see which ones work. They can get equipment to reencode gift cards and such with the fraudulent numbers on Amazon or eBay. It's all surprisingly easy.
by Cash
Thu Dec 29, 2016 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: large purchase [engagement ring]
Replies: 72
Views: 5381

Re: large purchase [engagement ring]

^ Precisely
by Cash
Tue Dec 27, 2016 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: large purchase [engagement ring]
Replies: 72
Views: 5381

Re: large purchase

I'm not suggesting someone goes and gets a rock that has a giant black splotch in the center of the stone to save some bucks, but there are extremely nice SI2 stones that, to the naked eye, look no different that VVS1 stones. An E or F color stone might look "whiter" than a I or J stone, ...
by Cash
Tue Dec 27, 2016 8:22 am
Forum: Personal Finance (Not Investing)
Topic: large purchase [engagement ring]
Replies: 72
Views: 5381

Re: large purchase

One thing I would suggest (something I now regret) is not to get too focused on 'specs". Lots of diamonds look the same but costs vary wildly based on the 4Cs. A lot of that is jewelry mumbo jumbo and is hard to discern in regular day to day settings. I found I was more concerned about it than...
by Cash
Tue Dec 27, 2016 6:48 am
Forum: Personal Finance (Not Investing)
Topic: large purchase [engagement ring]
Replies: 72
Views: 5381

Re: large purchase

Look into depositing a balance transfer check into your checking account instead if you can negotiate a cash discount that is more than the balance transfer fee.

Do lots of reading at pricescope.com re diamonds. Don't buy from Tiffany or Cartier.
by Cash
Sun Dec 25, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you check your index price?
Replies: 8
Views: 809

Re: Where do you check your index price?

Yes, I manually update the shares every so often. You could use something like mint.com to automatically pull accurate account values, including updated shares. I think Vanguard has a similar feature if you want to see non-Vanguard accounts through your Vanguard login (so does Fidelity). But I prefe...
by Cash
Sun Dec 25, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you check your index price?
Replies: 8
Views: 809

Re: Where do you check your index price?

Easy to do with Google Sheets:

viewtopic.php?t=95938
by Cash
Fri Dec 23, 2016 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: fidelity brokeragelink vs IRA And backdoor Roth IRA
Replies: 17
Views: 1072

Re: fidelity brokeragelink vs IRA And backdoor Roth IRA

I agree that the Fidelity BrokerageLink is a great option. I use it in my wife's 401(k) from a previous employer.
by Cash
Fri Dec 23, 2016 4:54 pm
Forum: Personal Consumer Issues
Topic: Cappuccino/Espresso machine recommendations?
Replies: 39
Views: 2602

Re: Cappuccino/Espresso machine recommendations?

I also have a Nespresso Inissia that I keep at the office. Love it. My wife and I have said that one of our next purchases for the house will be one of the fancier ones with the integrated frother. You can obviously do better if you feel like spending the time/energy to roast, grind, etc. your own c...
by Cash
Thu Dec 22, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to Drop Wells Fargo for Online Banking
Replies: 48
Views: 2746

Re: Looking to Drop Wells Fargo for Online Banking

Huge fan of Fidelity, having been there 30+ years ..... all online, have never set foot in an office (yes, even back starting in 1982, have never been to an office)..... our accounts there include our "spending account" which includes check writing (rare) and online bill pay from all acco...
by Cash
Wed Dec 21, 2016 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to Drop Wells Fargo for Online Banking
Replies: 48
Views: 2746

Re: Looking to Drop Wells Fargo for Online Banking

As far as I know all banks want to charge you fees. So learn to find a WF ATM and only use those. I did that back in 1970. We called them Ugly Tellers. I don't think going to a Ally internet bank will fix this ATM fee problem. That's incorrect. Ally reimburses ATM fees. So does Alliant Credit Union...
by Cash
Sat Dec 10, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 220
Views: 34459

Re: Bank of America/Merrill Edge - Preferred Rewards

Has anyone done a backdoor Roth with Merrill Edge? Is it easy to do online? One of my frustrations with my old Wells PMA account was faxing in the Roth conversion forms every year...
by Cash
Sun Nov 20, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking Recommendations
Replies: 18
Views: 1876

Re: Online Banking Recommendations

Alliant is excellent. Next-day ACH transfers, free ATM transactions within their broad network and ATM fee reimbursements for out-of-network ATMs, leading interest rates, great mobile check deposit (up to $50k, which is more than any other bank I've seen). No complaints, really.
by Cash
Sat Nov 19, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone trade with their Fidelity Cash Management Account?
Replies: 19
Views: 2054

Re: Anyone trade with their Fidelity Cash Management Account?

I've tried asking various representatives why one shouldn't use CMA as a long-term investment brokerage account, and none really had good reasons. Have you continued to use your CMA as a long-term brokerage account? I recently wanted to transfer some book shares of my wife's company from the transf...
by Cash
Sat Nov 19, 2016 8:24 am
Forum: Personal Consumer Issues
Topic: Finding a good architect & how to design a house with a budget in mind
Replies: 8
Views: 1093

Re: Finding a good architect & how to design a house with a budget in mind

I am in the middle of a renovation. We laugh at the original "budget" from a very well respected contractor and architect. If you want to stay on budget, sell your current house and buy another completed house that has everything you want within your budget.
by Cash
Sun Nov 13, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: why not DRIP?
Replies: 4
Views: 729

Re: why not DRIP?

You also have to worry about wash sales.
by Cash
Sat Nov 12, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 42
Views: 7122

Re: Experience selling car to Carmax?

I sold my 2001 Lexus to them last year. I probably got a bit less than I would have in a private sale, but the process couldn't have been easier.
by Cash
Sat Nov 12, 2016 5:44 pm
Forum: Personal Consumer Issues
Topic: Buying an Audi A4
Replies: 73
Views: 5672

Re: Buying an Audi A4

I have a 2013 A6 3.0T that I bought last year at Carmax for about half the original list price (13k miles). No issues thus far, and I love the car. Now my wife's 2011 BMW... :moneybag :moneybag.
by Cash
Sun Oct 23, 2016 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Buying house. Best mortgage option?
Replies: 22
Views: 2591

Re: Buying house. Best mortgage option?

Rates are higher because it's a jumbo construction loan. I could refinance in a year when building is complete, but interest rates will probably go up in the interim. I got a 30-year jumbo construction-to-perm loan from TD Bank at 3.37% a few months ago. You might see if they offer loans in your ar...

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