Search found 1416 matches

by patrick
Sun Jun 18, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3919

Re: Why do we need an emergency fund?

Not everyone "needs" an emergency fund. If you have access to sizable credit accounts and/or easily accessible taxable accounts, the need to keep a bunch of cash on hand is minimized. Like most personal finance topics, it depends on your situation, comfort level and net worth. Agreed. The...
by patrick
Sun Jun 18, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3919

Re: Why do we need an emergency fund?

As the great T-Shirt philosopher once said, "Stuff Happens." I actually substituted "Stuff" for a barnyard term, but you get the idea. Stocks are meant as a long term investment, you don't want a double whammy of a down market and a financial emergency. The emergency fund is a w...
by patrick
Sun Jun 18, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3919

Re: Why do we need an emergency fund?

I have a really "un-bogleheading" and stupid question: why we need an emergency fund? Or, in which case an emergency fund is used? Here's a scenario: you get the flu around Thanksgiving, and somehow it doesn't go away through the New Year. It turns into a sinus infection, and threatens to...
by patrick
Thu Jun 15, 2017 11:44 pm
Forum: Investing - Theory, News & General
Topic: Is it safer to invest in gold or bond funds?
Replies: 30
Views: 1788

Re: Is it safer to invest in gold or bond funds?

Both gold and regular bonds have seen severe losses in real terms in living memory. Gold was at $850 on January 21, 1980. It was down to $255.95 on April 2, 2001. In nominal terms that is a 70% loss. However, $255.95 in April 2001 had the same purchasing power as $112.57 in January 1980. In other wo...
by patrick
Tue Jun 13, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: How to backup Mini-DV tapes?
Replies: 10
Views: 710

Re: How to backup Mini-DV tapes?

I would like to back-up the videos in these Mini-DV tapes without any loss in quality. My purpose is to archive the original information. Output file size is not a problem. Are you sure about that? MiniDV's bitrate with overhead is 29Mb/s or 3.6MB/s. For 30 minutes (just as an example) that would w...
by patrick
Tue Jun 13, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11729

Re: Who takes financial chances and why is this forum so financially conservative?

It all depends on who you compare us to. There are plenty of people out there who think that the stock market is like a casino and any involvement with it is too risky. The "conservative" 60/40 portfolios you may see here are quite reckless by their standards.
by patrick
Sun Jun 11, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Want to archive DVD's (movies, etc) onto standalone unit
Replies: 10
Views: 706

Re: Want to archive DVD's (movies, etc) onto standalone unit

DSInvestor wrote:Vudu has a service called Disk to Digital that allows you to convert DVD movies to electronic format.


That is a rather bizarre (though somehow increasingly common) name for the service -- DVDs are already digital!
by patrick
Thu Jun 08, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake
Replies: 139
Views: 6640

Re: HEHR-tolerance versus Loss Aversion--why setting and maintaining your own AA might be a mistake

So I really think most of the game here is avoiding the HR part. And since LR is defined as less than annually--seriously, how many people does that actually end up being here? Don't most people at least rebalance annually? In fact, the argument I often see is you SHOULD rebalance at least annually...
by patrick
Tue Jun 06, 2017 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts about EMQQ for emerging markets
Replies: 5
Views: 427

Re: Thoughts about EMQQ for emerging markets

EMQQ tracks a narrow index limited to "internet or ecommerce" companies. This narrow subset of emerging market stocks might do better than a broad index, but it might do worse. Note also that EMQQ has a 0.86% expense ratio! If you want an emerging markets ETF that includes China N shares s...
by patrick
Tue May 30, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: Emerging Markets Index Missing Big Names
Replies: 30
Views: 3011

Re: Emerging Markets Index Missing Big Names

Well, you know my simple-minded approach. The article says Vanguard Emerging Markets Stock Index Fund (VEIEX, or VEMAX for Admiral shares) sucks, use iShares EEM instead. Now before I peek, I'll go out on a limb and say I am always skeptical of stories that say "Vanguard sucks because they use...
by patrick
Mon May 29, 2017 10:58 pm
Forum: Investing - Theory, News & General
Topic: Credit unions are non-profit, how come they do not dominate over banks???
Replies: 73
Views: 5321

Re: Credit unions are non-profit, how come they do not dominate over banks???

There's nothing close about a $200 sign-up bonus from Penfed and one from Chase that was equal to $1,000 cash back, or $1,500 through their Ultimate Rewards portal. Nothing. And the Penfed card is 5x points on air travel only (and from my research, one point is less than one cent, often by a decent...
by patrick
Tue May 23, 2017 9:01 pm
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 25
Views: 2105

Re: Need advice from FF miles experts

I just searched for a one-way business-class ticket to a European destination, and it priced at $7750 or 60K miles (a value of 12.9 cents per mile). Whether or not your 70k for $620 tickets is one-way or roundtrip, you are getting nowhere near that redemption value. You are getting 0.89 cents per m...
by patrick
Wed May 17, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: what is the catch with this 5% APY checking acct?
Replies: 6
Views: 1330

Re: what is the catch with this 5% APY checking acct?

Changes to the terms aren't just a hypothetical concern. All of these adverse changes to other special high interest accounts have happened within the past year: 1. One American Bank implemented a $5 minimum transaction amount (per purchase) for the 12 debit card purchases needed to qualify for 3.5%...
by patrick
Sat May 13, 2017 12:19 am
Forum: Personal Consumer Issues
Topic: What to do with older laptop?
Replies: 32
Views: 3369

Re: What to do with older laptop?

Don't forget that just keeping a computer running is like leaving one or multiple light bulbs running. It is a measurable drain, so make sure you are getting value. It is measurable, but if you actually measure it you may be surprised at how low the power consumption of a laptop is. The last time I...
by patrick
Sat Apr 22, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Santander $225 bonus... delays?
Replies: 7
Views: 698

Re: Santander $225 bonus... delays?

I signed up for this and it took a couple of weeks for them to open the account. I got the direct deposit in late February and have not yet received the bonus. However there was also a 90 day requirement on the terms I saw so i presume the 30 day wait to get the bonus starts after that.
by patrick
Wed Apr 19, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 66
Views: 8077

Re: I bonds May 2017

Oh, I see, you are saying that inflation can be far higher than 3.53% when averaged over a twenty year period. So, what 20 year period can you point to where inflation published by BLS for CPI-U was greater than 3.53% annually, again, this isn't for a 5 year period or a ten year period, but a 20 ye...
by patrick
Sun Apr 16, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 3706

Re: Why invest in International Index Fund?

Australian stocks have done much better than US stocks. Why not skip the US and invest in Australia only?
by patrick
Mon Apr 10, 2017 9:10 pm
Forum: Personal Consumer Issues
Topic: Using my local bank ATM chip card for Euros
Replies: 15
Views: 822

Re: Using my local bank ATM chip card for Euros

Thank you all for your comments and recommendation. Has anyone tried using the AAA Travel Money card or a similar card that pre load money and is usable in a foreign ATM to get cash in your foreign travels? Thanks If you are using a travel specific card be very careful not only about the fees but a...
by patrick
Sat Apr 08, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Article--Money Funds Yielding Over 1.​0 Percent Makes News; More Coming Soon
Replies: 21
Views: 2898

Re: Article--Money Funds Yielding Over 1.​0 Percent Makes News; More Coming Soon

Redneck Bank already gives me 1.25% on deposits, with two features that money funds lack -- FDIC insurance, and more importantly, a debit card with a picture of a horse on it!
by patrick
Sat Apr 08, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: VG has any funds for Frontier Markets??
Replies: 23
Views: 1901

Re: VG has any funds for Frontier Markets??

It looks like the cheapest frontier market ETF is now FRN with "only" a 0.70% expense ratio. I must admit that I'm tempted to put 0.3% of my stock investments in there now that I've gone to the trouble of calculating the number (their fraction of world equity market cap).
by patrick
Sat Apr 08, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Finally received 1099-INT for $350 HSBC bonus
Replies: 1
Views: 360

Finally received 1099-INT for $350 HSBC bonus

I finally received in my mailbox today a 1099-INT from HSBC for the $350 checking account bonus I got last year. We kind of expect to get corrected 1099-DIV forms (though I still don't like them!) but this it seems rather unusual for a 1099-INT. I still haven't gotten a form from TD or Capital One f...
by patrick
Thu Apr 06, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: VG has any funds for Frontier Markets??
Replies: 23
Views: 1901

Re: VG has any funds for Frontier Markets??

Frontier markets are very small markets. Looking at the total market cap of the MSCI indexes (from https://www.msci.com/documents/10199/4211cc4b-453d-4b0a-a6a7-51d36472a703 and https://www.msci.com/documents/10199/8920d079-db03-4998-af26-24de9d5e9a0d), developed and emerging markets add up to $46.21...
by patrick
Mon Apr 03, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Netspend interest not showing today
Replies: 9
Views: 867

Re: Netspend interest not showing today

I don't use mango. How do you make it work? I remember being turned off by the requirements to earn the high interest. I make it work by an ACH push of $800 each month from my checking account, which I then withdraw by purchasing a money order. Another strategy that could be used is to alternate be...
by patrick
Tue Mar 28, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 149
Views: 11176

Re: Virtual Private Networks (VPNs)

Most ISPs these days are also in the content business. As long as they provide both internet access and content(e.g. cable TV) they have a conflict of interest. Using a VPN gives you a personal slice of net neutrality since the cable company can no longer "shape" your traffic. They can st...
by patrick
Sat Mar 25, 2017 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Which of these funds for new 401k?
Replies: 9
Views: 586

Re: Which of these funds for new 401k?

Would the bonds in my 401k be better than Roth IRA because I am able to use institutional instead of investor/admiral shares? To a very small extent, yes. Vanguard's bond fund admiral shares are already very low in cost so the additional cost reduction of going to institutional is very small. Note ...
by patrick
Thu Mar 23, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus
Replies: 161
Views: 16897

Re: Capital One 360 $200 bonus

giesen5 wrote:Just learned something frustrating. My bank only allows $2500 to be transferred per day. So my plan is going to take more time. Bank is a credit union, maybe a regulation for all credit unions?


The limit is from the specific institution -- I have been able to transfer larger amounts with BECU.
by patrick
Thu Mar 23, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 75
Views: 8681

Re: Citi card Nightmare

Nope, this was the strangest thing I ever saw. :shock: Not an e-check, but a "substitute" check. Only way I could describe it kinda like the old-fashioned "counter checks" from years ago that merchants offered for absent-minded customers. When I logged on to my checking account ...
by patrick
Tue Mar 21, 2017 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on ADR OTC stock??
Replies: 13
Views: 788

Re: Thoughts on ADR OTC stock??

Japan is hosting the Olympics in 2020


I suspect you are not the only person who knows that.
by patrick
Mon Mar 20, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: 2.25% High Yield Checking - FSCU
Replies: 11
Views: 1859

Re: 2.25% High Yield Checking - FSCU

Lake Michigan Credit Union gives 3% on balances up to $15000 with similar requirements (but any direct deposit counts even if much smaller). This gives you the same total amount of interest ($450 per year) with a smaller deposit.
by patrick
Wed Mar 15, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Help me pick a computer
Replies: 71
Views: 3959

Re: Help me pick a computer

I believe I have a Lenovo Lenovo H230. There's no stickers on the side and I didn't write this information down so the sole source of that information is the Crucial system scanner so I assume that thing works. With the RAM I just bought something that matched the specs of what the Crucial scanner ...
by patrick
Wed Mar 15, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Redneck/All American Bank
Replies: 17
Views: 2382

Re: Redneck/All American Bank

I use this bank and not only is it a real bank, it really has a picture of a horse on the debit card!
by patrick
Tue Mar 07, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 83
Views: 12634

Re: Get $250 from Wells Fargo

Note that the new version of this offer seems to have changed a bit -- it seems that now you can only qualify by debit card transactions.
by patrick
Sat Mar 04, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab ETF vs Vanguard ETF in Schwab Account
Replies: 8
Views: 779

Re: Schwab ETF vs Vanguard ETF in Schwab Account

All Schwab ETFs are commission-free if you trade them at Schwab. Schwab also has several index mutual funds which you can buy with no commission at Schwab, which also have the advantage of not needing to trade during the day and face a bid/ask spread. Schwabs ETFs and index funds are very low cost (...
by patrick
Mon Feb 27, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: santander bank bonus
Replies: 14
Views: 2076

Re: santander bank bonus

patrick wrote:I tried to open up this one online 4 days ago ... still waiting for it to finish processing.


And now I've finally had the account open and got the debit card in the mail today. Only took 3 weeks!
by patrick
Fri Feb 24, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Why not hedge using futures?
Replies: 54
Views: 4031

Re: Why not hedge using futures?

Note the IRS rules regarding "Constructive Sales of Appreciated Financial Positions"

https://www.irs.gov/publications/p550/c ... k100010318
by patrick
Tue Feb 21, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 7826

Re: Credit cards vs. Cash

Having lived in NYC, maybe I'm used to carrying around more cash than most people? Or maybe it's because I'm on the young side of Gen-X? Or maybe it's from all the trips to Vegas, where most vacationers never have less than $120 cash in their wallets. :) It's easy to arrive in Vegas with $120 or mo...
by patrick
Tue Feb 21, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 76
Views: 6859

Re: Desktop Computer - Still relevant? Good investment?

"ATX" means a full size tower case? If so then would having an ATX case mean you could reuse it to build a new system whenever you decide you need a "new computer"? A new motherboard would have whatever docking slot for the up to date type of video card? Other special slots for ...
by patrick
Mon Feb 20, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Gold vs 401k
Replies: 45
Views: 3217

Re: Gold vs 401k

Gold has not come close to keeping pace with the dollar since 2014. Here is a graph: http://www.macrotrends.net/1335/dollar-vs-gold-comparison-last-ten-years The period shown actually has a 324% gain for gold with only a 35% gain for the dollar index. The selected scales (with one Y axis starting a...
by patrick
Sun Feb 19, 2017 3:09 pm
Forum: Personal Consumer Issues
Topic: PC replacement time
Replies: 30
Views: 2869

Re: PC replacement time

What were the specs of your previous computer? How well did it perform for your purposes? Here's the original product description: Ideacentre K330 Desktop Computer; Intel® Core i3-2100; Microsoft Windows 7 Home Premium (64-bit); 4GB DDR3-1333 RAM; 1TB 7,200RPM Hard Drive; DVD±RW Drive; 15-in-1 Memo...
by patrick
Sat Feb 18, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Good time to buy bonds?
Replies: 8
Views: 1257

Re: Good time to buy bonds?

Bond yields are still extremely low by historical standars. Of course, it is still possible that they will remain low or go even lower.
by patrick
Sat Feb 18, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: PC replacement time
Replies: 30
Views: 2869

Re: PC replacement time

What were the specs of your previous computer? How well did it perform for your purposes?
by patrick
Wed Feb 15, 2017 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: why invest internationally?
Replies: 72
Views: 3987

Re: why invest internationally?

If we're looking at the totality of returns including the last 30 years, international has a long way to go to catch up to a 100% U.S. portfolio. If we're only looking at the next 5-10 years, anything could happen. But it would need to be a significant change from what has been a fairly consistent ...
by patrick
Wed Feb 15, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: why invest internationally?
Replies: 72
Views: 3987

Re: why invest internationally?

If we're looking at the totality of returns including the last 30 years, international has a long way to go to catch up to a 100% U.S. portfolio. If we're only looking at the next 5-10 years, anything could happen. But it would need to be a significant change from what has been a fairly consistent ...
by patrick
Tue Feb 14, 2017 12:36 am
Forum: Personal Finance (Not Investing)
Topic: santander bank bonus
Replies: 14
Views: 2076

Re: santander bank bonus

I went to bank today.and signed up easy process. Brought the promotion coupon . Thanks Come to think of it, that's what I should have done! With the HSBC bonus I opened it in the branch and avoided lots of problems that happened to people who tried to open online ... too bad I didn't remember to do...
by patrick
Mon Feb 13, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: why invest internationally?
Replies: 72
Views: 3987

Re: why invest internationally?

I know I should for diversification but there has never been a time as far as I can tell where in a fiscal year when the US got hit that international didn't get hit harder. So this leaves just the upside as a reason. Less than 10% of the time does international outperform the US in the last 10 yea...
by patrick
Sun Feb 12, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign bond fund
Replies: 4
Views: 304

Re: Foreign bond fund

I'm not sure which index fund you are talking about, but many foreign bond funds yield much higher than 0.08%. For instance, the Vanguard Total International Bond Index Fund Investor Shares (VTIBX) has an SEC yield of 0.74% and the (somewhat riskier) SPDR Bloomberg Barclays Emerging Markets Local Bo...
by patrick
Sat Feb 11, 2017 2:36 am
Forum: Personal Finance (Not Investing)
Topic: Consolidating to Wells Fargo?
Replies: 18
Views: 1273

Re: Consolidating to Wells Fargo?

Wells Fargo Platinum Savings (interest may as well be 0% but not a huge deal since even 1% isn't that much in the grand scheme of things) Most of us wouldn't pay an extra 1% in expenses on a bond fund even though it only reduces the returns by 1% ... receiving 1% less interest on the savings accoun...
by patrick
Sat Feb 11, 2017 2:34 am
Forum: Personal Finance (Not Investing)
Topic: Netspend 1099's?
Replies: 15
Views: 2334

Re: Netspend 1099's?

I got two 1099-INT forms from Metabank, one for each of the Netspend prepaid cards that I had. Neither of the amounts match the amount of interest that I received according to my records. Between the two forms, they're showing I received ~$2 more interest than I actually did. The IRS says the follo...
by patrick
Fri Feb 10, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: santander bank bonus
Replies: 14
Views: 2076

Re: santander bank bonus

I tried to open up this one online 4 days ago ... still waiting for it to finish processing.
by patrick
Thu Feb 09, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: $600 annual fee for 401K??
Replies: 15
Views: 1939

Re: $600 annual fee for 401K??

If you are the only employee, you can set up a solo 401k at Vanguard which has no fees other than the expenses of funds themselves (which would be Vanguard investor shares). I believe Fidelity/Schwab/etc. probably also offer similar deals.

Go to advanced search