Search found 1229 matches

by patrick
Tue Jul 26, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 78
Views: 8823

Re: TDBank promo just started easy $600

I also had some issue with TD, though perhaps not as severe as some of the earlier posters. When I first signed up for the account and tried to fund it by an electronic transfer, they accepted the routing and account numbers without any complaint. However, the money did not actually get transferred ...
by patrick
Mon Jul 25, 2016 5:34 pm
Forum: Personal Consumer Issues
Topic: Canada vacation
Replies: 30
Views: 2306

Re: Canada vacation

I visited Quebec earlier this month and was able to use cards everywhere with no problem - no cash needed at all. I think the only place you would need cash is to pay for single rides on city transit buses, which would take Canadian coins only.
by patrick
Fri Jul 22, 2016 6:52 pm
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4365

Re: World VCR production is ending next month. What to do with my old VHS tapes?

And getting back toward the original topic ... my 15-year-old VCR still works. I suspect it will be quite a long time before all of them fail.
by patrick
Fri Jul 22, 2016 6:50 pm
Forum: Personal Consumer Issues
Topic: World VCR production is ending next month. What to do with my old VHS tapes?
Replies: 57
Views: 4365

Re: World VCR production is ending next month. What to do with my old VHS tapes?

The idea of planned obsolescence implies deliberate efforts to make sure devices don't last, but some less deliberate design efforts end up with the same result. For example, CMOS batteries in computers eventually die rendering them dysfunctional. I imagine someone may be able to find the correct b...
by patrick
Fri Jul 22, 2016 5:52 pm
Forum: Investing - Theory, News & General
Topic: Recession post-election?
Replies: 40
Views: 2774

Re: Recession post-election?

Still not locked? I suppose the moderators must all have been asleep for quite some time ...
by patrick
Thu Jul 21, 2016 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9387

Re: Just got back from Europe...ready to sell my International...

I think you're focusing too much on the price discovery function of a free market. More like you are giving it way too little consideration. The price discovery function is the function that sets the prices of stocks, and (if functioning properly) factors the other issues into the stock's price. Th...
by patrick
Wed Jul 20, 2016 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9387

Re: Just got back from Europe...ready to sell my International...

4. On that note. I always thought the rationale set forth by the people on this site for international was poor, and frankly deficient in it's assumptions. People here seem to assume that since America is a free market, the other nations of the world have markets like America too. I don't believe t...
by patrick
Wed Jul 20, 2016 8:14 pm
Forum: Investing - Theory, News & General
Topic: Capital One 360 Savings Account Bonus - Free $500....
Replies: 17
Views: 3864

Re: Capital One 360 Savings Account Bonus - Free $500....

This offer is expired already though- right? This specific one seems to be expired, but you may be able to get others. I recently received an offer in the mail similar to this but with only a $400 bonus now for a $50K deposit. They also seem to be offering $200 for checking without such extreme req...
by patrick
Wed Jul 20, 2016 8:09 pm
Forum: Investing - Theory, News & General
Topic: 3% cd
Replies: 23
Views: 3687

Re: 3% cd

Series EE US savings bonds are very similar 3.5% 20-year CDs. Seen this way, EE bonds are probably the best "CD" around if you just look at interest rates. They do have the equivalent of a very draconian "early withdrawal penalty" if you redeem in less than 20 years -- you get al...
by patrick
Tue Jul 19, 2016 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Just got back from Europe...ready to sell my International...
Replies: 82
Views: 9387

Re: Just got back from Europe...ready to sell my International...

I agree with most posters that a snapshot does not an album make nor a portfolio. All great points...however, I have often thought U.S. companies are so multi-national (international) why invest in foreign companies that may or may not be strong economies or stable entities so why invest? I think t...
by patrick
Tue Jul 19, 2016 3:56 pm
Forum: Investing - Theory, News & General
Topic: Stock Valuations — Is the U.S. Market Now the Global Growth Index?
Replies: 28
Views: 2349

Re: Stock Valuations — Is the U.S. Market Now the Global Growth Index?

If one wants to use CAPE to set an allocation it would seem reasonable to only use it relative to bond yields. Stocks expensive and bonds cheap is far different from stocks expensive and bonds expensive when deciding on an allocation. It does not seem reasonable to use in isolation. Combining CAPE ...
by patrick
Mon Jul 18, 2016 3:37 pm
Forum: Investing - Theory, News & General
Topic: Malkiel Recommends Preferred Stocks
Replies: 15
Views: 1439

Re: Malkiel Recommends Preferred Stocks

I would avoid preferred shares. They are netiher fish nor fowl, neither equity or bonds. The yield may be tempting but their is a fundamental problem of alignment. See these threads ... https://www.bogleheads.org/forum/viewtopic.php?t=67727 ... http://boards.fool.com/quotwaldenizedquot-28160296.asp...
by patrick
Mon Jul 18, 2016 12:05 pm
Forum: Personal Consumer Issues
Topic: Mother was victim of online virus scam - How can she recover the money she paid?
Replies: 56
Views: 5097

Re: Mother was victim of online virus scam - How can she recover the money she paid?

Since the charge was pure fraud, I would presume a chargeback could be processed for this. In that case, the scammer would be out the money, plus a chargeback fee going to the bank. Of course with enough complaints one would hope that this scammer would be blocked from accepting cards altogether.
by patrick
Mon Jul 18, 2016 1:40 am
Forum: Personal Consumer Issues
Topic: When traveling what do you use to bank online safely
Replies: 44
Views: 2426

Re: When traveling what do you use to bank online safely

HTTPS is far from being foolproof. http://www.howtogeek.com/182425/5-serious-problems-with-https-and-ssl-security-on-the-web/ There have been several critical vulnerabilities in the protocol used for HTTPS recently. To name a couple: https://drownattack.com/ http://heartbleed.com/ Heartbleed attack...
by patrick
Sun Jul 17, 2016 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: New Job. Employer Offers 8% Dividend Fund. Catch?
Replies: 10
Views: 1267

Re: New Job. Employer Offers 8% Dividend Fund. Catch?

Would you invest a similar amount of money in one individual corporate bond? That is essentially what you are doing here -- taking undiversified credit risk. I doubt this company has an AAA credit rating.
by patrick
Thu Jul 14, 2016 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: NO bonds in my taxable account, really?
Replies: 38
Views: 3446

Re: NO bonds in my taxable account, really?

Performing a simple comparison of, say, $100K in stocks in taxable and $100K in bonds in a Roth IRA versus $100K of stocks in a Roth IRA and $100K of bonds in taxable has a problem -- if held to retirement each dollar initially in the Roth IRA turns out to be worth more than a dollar in taxable due ...
by patrick
Thu Jul 14, 2016 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase
Replies: 9
Views: 598

Re: removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase

I don't need the money immediately; I just wanted to avoid leaving it in the no-longer-high-interest account while waiting for the transfer limit to reset. It looks like Chase is far from the only bank that doesn't want to link to the Netspend accounts though -- see this thread on FatWallet: https:/...
by patrick
Thu Jul 14, 2016 12:38 am
Forum: Personal Finance (Not Investing)
Topic: removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase
Replies: 9
Views: 598

removing money from Netspend prepaid cards by paying credit card bills -- not working with Chase

Those of us who use Netspend prepaid cards are probably aware that the cap on the 5% interest rate in their savings accounts has dropped from $5,000 to $1,000, effective July 1. That makes now the time to withdraw plenty of money from these cards. Unfortunately, it turns out the credit union I was u...
by patrick
Fri Jul 08, 2016 5:18 pm
Forum: Investing - Theory, News & General
Topic: International Bonds - Update
Replies: 55
Views: 4080

Re: International Bonds - Update

If an investor takes the time to read the fund reports one thing will jump out. That is, Total Bond Index includes foreign bonds issued in U.S. dollars and Total International Bond includes U.S. companies issuing bonds overseas. Total Bond Market only has 6.1% in non-US bonds. Although I don't reca...
by patrick
Wed Jul 06, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: TDBank promo just started easy $600
Replies: 78
Views: 8823

Re: TDBank promo just started easy $600

$25 MONTHLY "account maintenance fee" if your balance drops below $2,500? Holy cow, that's the most draconian such fee I've ever heard of. How can it cost them $25 a month to "maintain" an account? Are the accounts maintained by Bob Cratchit sitting on a high stool using a quill...
by patrick
Wed Jul 06, 2016 6:28 pm
Forum: Personal Consumer Issues
Topic: Ransomware Attack
Replies: 17
Views: 2071

Re: Ransomware Attack

If the computer acts normally until you start Edge, I'd guess the malware isn't actually on the computer, only on a web page that pops up the threatening messages which probably got set as your home page. Try disconnecting the computer from the network and then starting Edge. When you do that, the e...
by patrick
Wed Jul 06, 2016 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 514
Views: 282892

Re: Mango prepaid card - 4.8% (effective) APY

I am thinking of activating a card for myself but have been reading a lot of negative posts about people not getting interest, not being able to ACH money out, nasty emails about taking advantage of the system by doing bank to bank transfers instead of direct deposit, etc. if I open a card for myse...
by patrick
Mon Jul 04, 2016 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Too Large A Cash Allocation ?
Replies: 5
Views: 1045

Re: Too Large A Cash Allocation ?

"Cash" can mean various things -- by many definitions a 5-year CD maturity would not count as cash. If your cash is in an average checking account paying 0.04% interest then you probably don't want to have very much of it and it would probably be better to use bonds instead. However, these...
by patrick
Sun Jul 03, 2016 9:47 pm
Forum: Personal Consumer Issues
Topic: My Excel is 9 yrs old(2007). Update??
Replies: 28
Views: 1998

Re: My Excel is 9 yrs old(2007). Update??

Although not a problem quite yet, note that support for Office 2007 ends in October 2017. Beyond that time, no more security patches will be released. This is not a problem if you are only going to ever use it for documents you've created yourself, but will put you at extra risk if you ever download...
by patrick
Sun Jul 03, 2016 2:41 pm
Forum: Investing - Theory, News & General
Topic: Tilting Toward a Country that Isn't the US?
Replies: 18
Views: 1742

Re: Tilting Toward a Country that Isn't the US?

As a Canadian resident, I am able to trade freely in US domiciled ETFs. Can Americans not buy and sell on the Toronto Stock Exchange? We have three popular total market ETFs VCN, ZCN and XIC; with 0.06% MER. A quick Google revealed how much of a headache it would be. I say something mentioned about...
by patrick
Sat Jul 02, 2016 6:39 pm
Forum: Investing - Theory, News & General
Topic: International Bonds - Update
Replies: 55
Views: 4080

Re: International Bonds - Update

That is the general feel appears to be that international bonds are showing up in more and more threads over the past few years compared to when Vanguard first launched the Total International Bond Index and Emerging Market Bond Index. There is nothing like short term outperformance to increase the...
by patrick
Fri Jul 01, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC Treating me like a Criminal
Replies: 62
Views: 4271

Re: HSBC Treating me like a Criminal

Is there any particular reason to keep your HSBC accounts? As far as I know the usual HSBC deposit accounts pay pitiful interest like 0.1% or something, and there are other credit cards with better rewards. As long as they'll give you your money back, might as well take it and go somewhere better.
by patrick
Wed Jun 29, 2016 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Netspend - After June 30 - any other suggestions?
Replies: 4
Views: 492

Re: Netspend - After June 30 - any other suggestions?

Insight seems to get very little attention, and doesn't seem to be changing yet. Mango seems to be in the process of moving towards blocking interest for people with multiple accounts, and perhaps also those who only receive transfers from other accounts rather than real payroll/government deposits ...
by patrick
Wed Jun 29, 2016 8:28 pm
Forum: Investing - Theory, News & General
Topic: Why do Bogleheads tend to hold more bonds?
Replies: 67
Views: 9753

Re: Why do Bogleheads tend to hold more bonds?

I doubt that bogleheads actually hold more bonds than others. Sure there are some people out there in 100% stocks, but there are also plenty who avoid stocks completely because they are convinced that the stock market is rigged against them.
by patrick
Tue Jun 28, 2016 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Investment returns
Replies: 32
Views: 1606

Re: Investment returns

Fine. But you are implying that having clairvoyance or blindly lump-summing are the only two options, when clearly there is another. The fact is, spreading out an investment equally across, say, 12 different prices can be expected to mitigate the effects of the unlucky timing of entering the market...
by patrick
Tue Jun 28, 2016 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: questions about euro pacific capital
Replies: 3
Views: 214

Re: questions about euro pacific capital

This fund has a significant portion of its investments in emerging markets. Like many active funds with "value" in their names, it doesn't really focus on value in the same way that value is determined for value indexes. I think that non-US stocks more broadly (as followed by VTIAX, Vangua...
by patrick
Mon Jun 27, 2016 11:41 pm
Forum: Investing - Theory, News & General
Topic: VEA - Will the last decade be lost?
Replies: 13
Views: 1824

Re: VEA - Will the last decade be lost?

If you adjust for inflation, not only US stocks but also US bonds have had lost decades. For that matter, US bonds have had lost half centuries! For instance, if you stayed in 10-year treasuries starting at the end of 1940, you'd wouldn't have caught up with the original purchasing power until 1991 ...
by patrick
Mon Jun 27, 2016 11:30 pm
Forum: Investing - Theory, News & General
Topic: Is it time to give-up on TIPS?
Replies: 160
Views: 23561

Re: Is it time to give-up on TIPS?

abuss368 wrote:TIPS are very hard to invest in these days. Almost no yield.


They do have almost no real yield but do at least have the inflation adjustments. Nominal bond yields aren't much either, and may well be negative after adjusting for inflation.
by patrick
Mon Jun 27, 2016 6:17 pm
Forum: Investing - Theory, News & General
Topic: Brexit, Buy & Hold, & Investor Shaky Confidence
Replies: 23
Views: 2643

Re: Brexit, Buy & Hold, & Investor Shaky Confidence

TomCat96 wrote:Tell me when the EU isn't in danger of falling apart and I'll invest back in.


In other words, you want to wait until stocks are much more expensive than they are now before you'll buy them?
by patrick
Fri Jun 24, 2016 5:24 pm
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 10478

Re: International stocks in free fall

Here is an interesting data point to consider: On August 8, 2011, then infamous "U.S. stocks in freefall" thread began. Here is the result of that thread, from the point of view of an investor who placed a mutual fund traade when the thread appeared (thus receiving the end of day prices): ...
by patrick
Sat Jun 18, 2016 6:51 pm
Forum: Personal Consumer Issues
Topic: Customs Duty when buying from Overseas
Replies: 4
Views: 442

Re: Customs Duty when buying from Overseas

There is an exemption for personal imports by regular postal service, but it is smaller than the exemption for a traveler -- see https://www.cbp.gov/trade/basic-import-export/internet-purchases Packages whose declared value is under $200 ($100 if being sent as a gift to someone other than the purcha...
by patrick
Thu Jun 16, 2016 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: First Time Investor, 457 vs 403
Replies: 5
Views: 347

Re: First Time Investor, 457 vs 403

In addition to the expense ratios of the investments themselves, it is also worth considering any plan level fees that you may be charged on top of them. It looks like your 457 charges $30.50 a year (per http://www.varetirement.org/dcp/plan-info/overview.html) -- I don't see a plan level fee on your...
by patrick
Tue Jun 14, 2016 9:11 pm
Forum: Investing - Theory, News & General
Topic: Interest Rates Can Only Go Up, and Below Zero
Replies: 32
Views: 2891

Re: Interest Rates Can Only Go Up, and Below Zero

AlohaJoe wrote:You're going to withdraw assets from your 401k to put it under your mattress?

Individuals are just as constrained, due to the tax advantages investment vehicles.


You can always move the 401K into all stocks and sell the stocks in your taxable account for cash to put in the mattress.
by patrick
Tue Jun 14, 2016 9:01 pm
Forum: Investing - Theory, News & General
Topic: Iceland triggering second thoughts on foreign bonds?
Replies: 39
Views: 2966

Re: Iceland triggering second thoughts on foreign bonds?

U.S. treasuries are risk free in the sense that the U.S. government will conduct monetary or fiscal policy to pay its debts. The U.S. will always pay its debt. So much is built on the full faith and credit of the U.S. federal government. It would take such a monumental shift in the global economic ...
by patrick
Tue Jun 14, 2016 8:59 pm
Forum: Investing - Theory, News & General
Topic: Iceland triggering second thoughts on foreign bonds?
Replies: 39
Views: 2966

Re: Iceland triggering second thoughts on foreign bonds?

BNDX doesn't have exposure to Iceland, so there's that. Even if you sit down and start looking at a lot of the individual holding in VG's Total Bond Market fund, many people would be surprised to find out what is considered a "safe, investment grade" bond. Yup, 20% of BND is mortgage back...
by patrick
Sun Jun 12, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 514
Views: 282892

Re: Mango prepaid card - 4.8% (effective) APY

I see nothing in the cardmember agreement or savings agreement that limits you to any particular number of accounts, limits interest to any particular number of accounts, limits the high interest rate to $5k across all accounts (as opposed to per account), or requires certain activity (such as purc...
by patrick
Tue Jun 07, 2016 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to keep $10,000 liquid yet still earn some interest
Replies: 23
Views: 4542

Re: Best way to keep $10,000 liquid yet still earn some interest

You're essentially asking for an emergency fund to return more than a bank savings account, I believe. I'd suggest you check this Wiki page . This might seem counter-intuitive to you to begin with, or not seem to answer your question, but it actually does if you have some other savings assets beyon...
by patrick
Tue Jun 07, 2016 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to keep $10,000 liquid yet still earn some interest
Replies: 23
Views: 4542

Re: Best way to keep $10,000 liquid yet still earn some interest

If you only want a little more than 1%, it may be fairly easy. You can see long lists of deposit accounts on the https://www.depositaccounts.com/ site. If you want a generally available deposit account with no hoops to jump through, the winner seems to be Redneck Bank (which seems to actually be a r...
by patrick
Sat Jun 04, 2016 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to Modify Investment Plan in Light of New Job?
Replies: 10
Views: 1057

Re: How to Modify Investment Plan in Light of New Job?

1. Compared to the average person (i.e. those who doesn't post on bogleheads) your are doing quite well. 2. There are not many differences between the 401 or 457, but there are some. The 457 plan will allow you to make penalty-free withdrawals any time after you leave the job. The 401 plan will gene...
by patrick
Fri Jun 03, 2016 5:28 pm
Forum: Investing - Theory, News & General
Topic: low rates = fewer bonds? active asset allocation?
Replies: 14
Views: 1441

Re: low rates = fewer bonds? active asset allocation?

Keep in mind that the conventional wisdom is that interest rates are headed up and thus investors should shorten the maturities of their bonds to reduce risk. This advice has been given at least since 2010 and yet interest rates have stayed low or even gone lower. Had I followed that advice, think ...
by patrick
Fri Jun 03, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 514
Views: 282892

Re: Mango prepaid card - 4.8% (effective) APY

They haven't posted May interest yet - anyone else in the same boat? Usually posts on the first... I got the interest for at the full 6% in my Mango account for May (it seems to have actually posted on May 31). However, it seems like you aren't the only person with a problem. Several posters on Fat...
by patrick
Wed Jun 01, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 202
Views: 25367

Re: guaranteed 5% vs stocks?

If anybody can confirm other cards that are NOT planning to reduce their interest rate, please let us know. Thanks I'd guess that the others (I believe Insight and Mango are the only ones left) are safe for now due to the lack of response. However, they are not guaranteed to stay where they are. Yo...
by patrick
Wed Jun 01, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any problems with netspend
Replies: 63
Views: 5516

Re: Any problems with netspend

Even after this change, they are still paying an overall rate of 1.4% on a savings account with a $5K balance. This is higher than a typical "high yield" savings account at around 1.0% or so. I doubt they really will get a large profit on such accounts. More likely the change just helps s...
by patrick
Tue May 31, 2016 9:57 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 135
Views: 9988

Re: International stocks underperformed for the last 20 years.

I don't know, but you can't have an untested theory then make decisions based on it. I'm not convinced US markets are efficient either. I don't know how to profit off the inefficiencies so I don't try to do so. You seem to be saying that you have uncovered an inefficiency on the global level (i.e. ...
by patrick
Tue May 31, 2016 7:50 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 135
Views: 9988

Re: International stocks underperformed for the last 20 years.

I am not sold on international markets being efficient. I haven't seen it tested or evidence supporting it, which theories require in order to be taken seriously. What kind of testing or evidence would you require? Have you seen any testing or evidence to show that the US stock market is efficient?

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