Search found 57 matches

by bawr
Fri May 04, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Bill Pay
Replies: 3
Views: 535

Re: Brokerage Bill Pay

I have been using Fidelity's Bill Pay for many years, without any issues. Brokers won't sell your holdings to meet bill pay debits, but will lend you on margin, if you have a margin account and adequate collateral. An exception to this (at Fidelity, at least) is purchased money market funds (as oppo...
by bawr
Fri Apr 20, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10728

Re: Wanting to leave Fidelity

I don't know where you saw $1M. It's 100k minimum . And I could swear that when I bought it last year the minimum was only 10k in an IRA, but I don't see that separate minimum listed now. The minimum for IRAs is still $10,000. The information is listed here: https://fundresearch.fidelity.com/mutual...
by bawr
Fri Apr 20, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10728

Re: Wanting to leave Fidelity

student wrote:
Fri Apr 20, 2018 8:00 am
FZDXX has a 1 million dollars minimum. Am I missing something?
The initial purchase minimum for FZDXX is actually only $100,000. The balance may drop below that level after the initial purchase.

There is also SPRXX, with an initial purchase minimum of $2,500, and a current yield of 1.65%.
by bawr
Thu Apr 19, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10728

Re: Wanting to leave Fidelity

I like the concept of using Fidelity for checking. Problem is I currently receive 1% interest on checking at Capital One 360, and I don't think Fidelity pays anything, do they? FDIC insured deposits below $100k in Fidelity's Cash Management Account currently earn 0.19%. Whenever there is a meaningf...
by bawr
Wed Feb 14, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawable cash in brokerage account
Replies: 9
Views: 1369

Re: Withdrawable cash in brokerage account

Thanks. Will look into it. Another thing I found after transferring my positions from Etrade to IB is they have different maintenance margin requirements. At least with the assets I own IB's maintenance margin requirement is lower, 30% in Etrade vs. 25% in IB for one particular stock. This is on to...
by bawr
Thu Feb 08, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 6639

Re: Relearning Calculus

The two volume Apostol calculus book mentioned by others is quite good.

Another, more advanced book is Principles of Mathematical Analysis by Walter Rudin. It has been used as a text for UC Berkeley's introductory analysis course for undergraduates (Math 104) for a long time.
by bawr
Sun Dec 24, 2017 3:46 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 5131

Re: Bitcoin: food for thought

One definition of a Ponzi scheme is: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Ope...
by bawr
Tue Dec 05, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 9512

Re: Want to sell my Bitcoin, but when?

I bought about $7000 worth of Bitcoin and Ethereum in July as an experiment and learning process. Well, it is now worth about $21,000. ... coalcracker, Don't forget that, depending on how you are holding your bitcoins, you may be entitled to one Bitcoin Cash and one Bitcoin Gold token for each BTC ...
by bawr
Thu Nov 30, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Rental Car Insurance
Replies: 13
Views: 1362

Re: Chase Freedom Rental Car Insurance

Some time ago, I rented a car with an SPG Amex card, which has secondary loss and damage coverage, like the Chase card mentioned above appears to have. I damaged the car and had to file a claim with Amex. As I had no other policy to cover the damage, Amex's coverage kicked in. Amex paid the car rent...
by bawr
Thu Nov 30, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 27818

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Voland wrote:
Thu Nov 30, 2017 2:55 pm
Bitcoin (without modifications to the code) will never be used in commerce due to extremely low transaction limit.
Not so. Scaling solutions designed to run on top of Bitcoin are being developed:

https://lightning.network
by bawr
Wed Nov 29, 2017 10:40 pm
Forum: Investing - Theory, News & General
Topic: Tracking the Bitcoin Bubble in Real Time?
Replies: 70
Views: 5873

Re: Tracking the Bitcoin Bubble in Real Time?

Bitcoin is limited to something like 500,000 transactions per day. Globally. This is a function of the block size and the rate at which blocks are created. Both of the block size and rate are built into the design of the system. If Bitcoin has any degree of popularity transactions will be a scarce ...
by bawr
Wed Nov 29, 2017 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: High Yield Funds at Fidelity
Replies: 10
Views: 1688

Re: High Yield Funds at Fidelity

I currently have my "cash" at Fidelity in a blend of the following funds: FZDXX Fidelity Money Market Fund Premium Class. SEC yield: 1.12% FFRHX Fidelity Floating Rate High Income Fund. SEC yield: 3.46%. Duration: 0.22 years PSHDX PIMCO Short-Term Fund Class D. SEC yield: 1.54%. Duration: 0.00 years...
by bawr
Mon Oct 09, 2017 2:49 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 7191

Re: Does anyone hold cash?

30sep16 wrote:
Mon Oct 09, 2017 12:23 am
92.5% cash
7.5% bitcoin

A barbell portfolio. Up 27% for the year.

My 7.5% allocation to Bitcoin is up 360%. I rebalance the profits off the Bitcoin every 4 to 8 weeks. It can crash to zero, but I've made that 7.5% several times over so I'm still way ahead of that were to happen.
Very nice.
by bawr
Sat Oct 07, 2017 4:42 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 7191

Re: Does anyone hold cash?

I keep over three years' living expenses in cash. This is currently 1.4% of my investment portfolio.
by bawr
Tue Sep 12, 2017 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 8452

Re: Fidelity Security

I was dismayed to discover recently that the Fidelity's Active Trader Pro software bypasses the Symantec VIP two factor authentication system. A simple username and password is all you need to log into your account when using ATP.
by bawr
Thu Jun 01, 2017 7:13 pm
Forum: Personal Consumer Issues
Topic: Fidelity 2000 'bonus points'
Replies: 32
Views: 4615

Re: Fidelity 2000 'bonus points'

Got the same offer for $500 of spending by July 31.
by bawr
Mon May 08, 2017 3:36 am
Forum: Investing - Help with Personal Investments
Topic: Does Magic Formula works or ever worked for you?
Replies: 39
Views: 11962

Re: Does Magic Formula works or ever worked for you?

I use a variation of the magic formula with some additional filters (*) to reduce the probability of accounting fraud and bankruptcies. It works. I am researching yet another variation which is intended to improve the quality factor in the strategy. I don't have any longer term results to report yet...
by bawr
Sat Feb 11, 2017 3:08 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to FTEXX for Fidelity Brokerage Account
Replies: 10
Views: 2971

Re: Alternative to FTEXX for Fidelity Brokerage Account

Second question, this thread talks about FSLXX but I can't seem to find that fund on Fidelity's page. What am I missing? I can see the fund on Google Finance etc., and my balance at Fidelity Brokerage should get me over any thresholds. I believe FSLXX was eliminated as a consequence of the new regu...
by bawr
Sun Jul 31, 2016 11:12 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

Fair enough I can understand that. It would be interesting for you to update this thread periodically with your trades. I have had only two trades so far this year. I bought Fuji Heavy Industries (-8% return, so far) and Scripps Networks Interactive (+23%) in January. My next trade will most likely...
by bawr
Sun Jul 31, 2016 8:03 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

So if individually picking small value stocks beats the S&P by a ridiculous margin, but your results aren't statistically significant (I assume you mean a statistically significant difference from the index), then why are you spending "substantial time and effort"? The difference from the index has...
by bawr
Sun Jul 31, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

I think LAlearning meant do you have proof that you did it. Evidence that you did it would work. My record isn't long enough, and doesn't contain enough trades, to be statistically significant on its own. Interested parties would find it more beneficial to study the track records of successful long...
by bawr
Sun Jul 31, 2016 4:16 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

Check this out...It has all the filters you mentioned for free...Not sure how accurate or good this site is yet...Look at it and tell me if its accurate and compared to your paid service site. http://www.unclestock.com/ I have tried the Uncle Stock site in the past and found it to be buggy and its ...
by bawr
Sun Jul 31, 2016 3:52 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

This thread reassures me that index investing is the way forward in the long term because there will always be a significant majority who refuse to believe they can't outperform the market. All you need is somebody, as above, to post how ridiculously they can outperform the market and hey presto ev...
by bawr
Sun Jul 31, 2016 1:54 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

LAlearning wrote: Do you have proof?
"Proof" is relevant in the fields of mathematics and alcoholic beverages. For everything else, there is "evidence".

There is much academic research that shows the outperformance of value (and momentum) strategies. See alphaarchitect.com for references.
by bawr
Sun Jul 31, 2016 1:37 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

What does valuesignals offer that you can get for free elsewhere? It has global coverage, and comes pre-configured with filters such as the Beneish M-score, the Piotroski F-score, the Altman Z-score, etc. GuruFocus has similar features, but is much more expensive. I don't know of any free service w...
by bawr
Sat Jul 30, 2016 8:00 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 5529

Re: Stock Screeners

I use the paid service at valuesignals.com as my initial screener and then perform additional analysis using the free services of gurufocus.com and morningstar.com. I mainly invest in individual stocks, with an emphasis on smaller value stocks. Over the past 13 years, this approach has beaten a pass...
by bawr
Sat Jul 02, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 11853

Re: Fidelity 2% CC or Citi double cash card?

The Fidelity Visa card has a 1% foreign transaction fee, versus 3% for the Citi Double Cash.

The Citi card has Chip + online PIN as its third priority CVM. If the Fidelity card is like other US Bank issued card, it would not have any kind of Chip + PIN capability.
by bawr
Fri Jul 01, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 18917

Re: How many of you have cut cord?

I haven't had a TV since 2001.
by bawr
Wed May 18, 2016 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 60
Views: 15032

Re: Anyone use Fidelity as their bank account?

He also mentioned that overnite - the debit card will not work for 1-2 hours because of the processing updates - I believe it has to do with the nightly sweep of the money from Fidelity into the underlying FDIC Banks. Kenster1, Thanks for the interesting information. Did the rep mention if the over...
by bawr
Sat May 14, 2016 10:51 am
Forum: Investing - Help with Personal Investments
Topic: The Intelligent Investor
Replies: 14
Views: 2536

Re: The Intelligent Investor

Does anyone know if this is a good book that falls in line with boglehead thinking? Grahams advice for what he describes as the "Defensive Investor" is very much aligned with the Boglehead philosophy. He prescribes an entirely different course of action for the "Enterprising Investor", however. Fro...
by bawr
Sat May 14, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios
Replies: 18
Views: 3320

Re: Schwab Intelligent Portfolios

I think you can remove 3 ETFs from the portfolio so that will take care of at least the commodities and two of the four fundamental index funds. You can remove specific ETFs, but not asset classes, so what you are suggesting won't work. Schwab will simply replace the removed ETFs with other, simila...
by bawr
Thu Mar 03, 2016 1:42 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1566

Re: Need a new brokerage -- global, good executions, low fees

I'm about to place my first order at IB for $1,400 (10k shares at $0.14/share). The commission is going to be $7. Not bad. But if it were a $14,000 order it would be $70. boglerocks, Just for fun, I just created a dummy buy order for 10,000 shares of GLBS, which closed at $0.14 and trades on NASDAQ...
by bawr
Wed Mar 02, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1566

Re: Need a new brokerage -- global, good executions, low fees

Interactive Brokers are by far the best brokers I have ever used. They are in a class by themselves. The system is very logical and well documented, so there is seldom any need to interact with IB's customer service. (In three years, I have contacted customer service twice, once by phone and once vi...
by bawr
Sun Feb 28, 2016 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management vs Schwab Bank
Replies: 28
Views: 10346

Re: Fidelity Cash Management vs Schwab Bank

The problem with both Fidelity and Schwab is the ability for the Checking/Cash account to dip into the Brokerage side of the fence - however that can be setup so that the checking/debit banking side can't tap into the brokerage side for say overdraft protection. My Schwab checking account has a sep...
by bawr
Sat Jan 02, 2016 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)
Replies: 36
Views: 11016

Re: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)

HopeToGolf,

Thank you for this information. I was able to download a free copy of TurboTax Premier via the link to Intuit under "Guidance & Retirement --> Taxes" on fidelity.com. (My account is designated "Private Client".)
by bawr
Sat Sep 12, 2015 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Over the Counter Shares
Replies: 5
Views: 668

Re: Over the Counter Shares

Standard Chartered is traded on the OTC Pink Sheets as SCBFF. The average daily volume is minuscule, at just over 5,000 shares. I suspect the bid offer spread for SCBFF is going to be unfavourable. If I wanted to buy this stock, I would execute the transaction on the Hong Kong exchange (symbol: 2888...
by bawr
Mon Apr 13, 2015 4:27 am
Forum: Investing - Theory, News & General
Topic: Poll: do you own individual international stocks?
Replies: 25
Views: 2478

Re: Poll: do you own individual international stocks?

Fidelity's commissions for international stock trading aren't that bad. It is their currency exchange commissions which are highway robbery (1% for a transaction < $100K). This is hundreds of times what Interactive Brokers charges.
by bawr
Sat Apr 11, 2015 2:14 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1857
Views: 339480

Re: What are you up YTD?

Shorter term stock trading account: 12.10% YTD
Long term stock portfolio: 15.62% YTD
by bawr
Sun Mar 08, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Non-resident alien, 22 looking for substitutes to 401k/IRAs
Replies: 6
Views: 1010

Re: Non-resident alien, 22 looking for substitutes to 401k/I

acp03,

Depending on the visa you have, you could be exempt from paying capital gains tax in the US. In that case, investing in a tax advantaged vehicle like a 401(k) would not make sense.
by bawr
Mon Nov 24, 2014 4:19 pm
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 125
Views: 13451

Re: What percent "Boglehead" are you?

I can appreciate that the Boglehead approach can work adequately for those who are unwilling to spend the significant time and effort necessary to learn how to invest. It certainly beats not having a saving and investment plan. I am a disciplined stock picker with a (geometric) mean annual return of...
by bawr
Tue Nov 11, 2014 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 73651

Re: If your networth is over $3 million, how did you do it?

1. Invested in AAPL when it was $0.97 (split adjusted).
2. Invested in Bitcoin when XBT was a few cents.
3. Held a portfolio of shares in approximately 15 companies, actively managed by myself.

I have never invested in funds or bonds.
by bawr
Wed May 15, 2013 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity has the best customer service I know of
Replies: 57
Views: 4937

Re: Fidelity has the best customer service I know of

I agree that Fidelity's representatives are polite and that they pick up the phone quickly. An unpleasant experience I had with them caused me to move all of my trading to Interactive Brokers. I called Fidelity to discuss what I believe was an improperly triggered stop loss order. The representative...
by bawr
Sun Mar 10, 2013 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mathematicians or statisticians here? Seeking your advice
Replies: 70
Views: 8620

Re: Mathematicians or statisticians here? Seeking your advic

Our introductory calculus book was by Spivak. After 2 weeks, I changed major and dropped down to a lower course ;-). I am not familiar with Spivak's calculus book, but his multi-volume tome on differential geometry is considered to be a reference. He also has a little pamphlet on calculus on manifo...
by bawr
Sun Mar 10, 2013 10:57 am
Forum: Personal Consumer Issues
Topic: Casual Wardrobe Advice Wanted
Replies: 65
Views: 13628

Re: Casual Wardrobe Advice Wanted

If Munchkin Man adopts Steve Jobs' approach to attire, he won't have to think about clothing ever again. If Munchkin Man does not wish to be a follower Steve Jobs, he may think of this as the Permanent Portfolio method applied to garments.
by bawr
Sun Mar 10, 2013 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Mathematicians or statisticians here? Seeking your advice
Replies: 70
Views: 8620

Re: Mathematicians or statisticians here? Seeking your advic

I was a math major at UC Berkeley, which at the time was considered to have the best or second best (possibly after Princeton) math department in the country. I believe there is a huge difference between being able to successfully obtain a BA or PhD in mathematics and actually becoming a productive,...
by bawr
Tue Feb 19, 2013 3:02 pm
Forum: Investing - Theory, News & General
Topic: Luck, skill, or Beardstown Lady?
Replies: 64
Views: 6067

Re: Luck, skill, or Beardstown Lady?

Momentum and reversion to the mean are only visible in your rear view mirror. Apparently not: "Since the 1980s academic studies have repeatedly shown that, on average, shares that have performed well in the recent past continue to do so for some time. Longer-term studies have confirmed that this “m...
by bawr
Tue Feb 19, 2013 2:01 am
Forum: Investing - Help with Personal Investments
Topic: Which stock broker are you using and why?
Replies: 43
Views: 6172

Re: Which stock broker are you using and why?

Interactive Brokers.

They are in a class by themselves in terms of breadth of investment products, platform features, international investing, cost, and risk management tools.
by bawr
Fri Jan 25, 2013 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: AAPL
Replies: 232
Views: 62668

Re: AAPL

I can't help but wonder, what do the AAPL buyers think they know that the AAPL sellers do not ? There is a floor of $40 billion in cash on the balance sheet. The only problem is much like a free spending person - always taking out one soon comes to the bottom of the pot. Cash and other investments ...