Search found 1381 matches

by patrick
Tue Feb 21, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6364

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: 66
Views: 4271

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: 2737

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: 2374

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: 1087

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: 2374

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: 3364

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: 3364

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: 10
Views: 1267

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: 3364

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: 234

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: 995

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: 2078

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: 10
Views: 1267

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: 1757

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.
by patrick
Thu Feb 09, 2017 3:20 am
Forum: Investing - Theory, News & General
Topic: Is it wise to buy I bonds yielding lower than TIPS?
Replies: 18
Views: 1483

Is it wise to buy I bonds yielding lower than TIPS?

Four years ago, 10-year TIPS has real yields of negative 0.57%, making 0% real yield series I savings bonds an obviously better choice. Since then, 10-year TIPS have surged to a real yield of positive 0.38%. The I bonds still have some built-in advantages, though -- not only do they defer taxes, but...
by patrick
Mon Feb 06, 2017 11:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 1099s available - Other companies just as good for sending 1099s???
Replies: 63
Views: 5392

Re: Vanguard 1099s available - Other companies just as good for sending 1099s???

What are people's experiences with 1099s from NetSpend and Metabank? I used them for 2016 for several months as long as they were offering 5% interest and then closed out. Do they mail 1099-INTs and when? Treasury Direct is available online. Last year Netspend 1099s were not received until early Fe...
by patrick
Mon Jan 30, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA + Cash portfolio help
Replies: 11
Views: 907

Re: Inherited IRA + Cash portfolio help

Be sure you understand the tax rules for inherited IRAs.
by patrick
Mon Jan 30, 2017 3:43 am
Forum: Personal Consumer Issues
Topic: Preserving Old DVD Content
Replies: 20
Views: 1940

Re: Preserving Old DVD Content

pshonore wrote:How about thumb drives? Are they up to 1TB capacity yet? What is their expected reliability?


1TB thumb drives are available, but most of us won't like the price ...
by patrick
Sat Jan 28, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Preserving Old DVD Content
Replies: 20
Views: 1940

Re: Preserving Old DVD Content

You can simply copy all the files from the DVDs to your hard disks or other media -- you can see them in VIDEO_TS folder of each DVD (you can browse/copy the folders on a DVD the same as any others using Windows Explorer or other file management software). DVD playing software should be able to play...
by patrick
Thu Jan 26, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Best CC for Travel
Replies: 82
Views: 6670

Re: Best CC for Travel

Can you earn cash back with the CSR card, or is it only a good deal if you redeem it for travel? We actually do travel a good amount, and I would assume that would continue, however I don't want to be "trapped" to only travel to redeem our points. Also, does the CSR site where we redeem u...
by patrick
Wed Jan 25, 2017 1:08 am
Forum: Investing - Help with Personal Investments
Topic: If We Know Bonds Will B Going Down.....
Replies: 24
Views: 2255

Re: If We Know Bonds Will B Going Down.....

To the extent that interest rate increases (presumably meaning increases in short-term rates by the Federal Reserve) really are expected, they should already be reflected in current bond prices. Of course, something unexpected could still happen to causes losses -- or gains for that matter. If you a...
by patrick
Tue Jan 24, 2017 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?
Replies: 30
Views: 2692

Re: Automatic Reinvestment: To "check" or not to "check" (the box) . . that is the question?

The tax situation can turn out worse than merely having lots of lots if you are reinvesting the stock inside your IRA and you sell the same position at a loss in your taxable account. From https://www.irs.gov/publications/p550/ch04.html#en_US_2015_publink100010601 A wash sale occurs when you sell or...
by patrick
Sun Jan 22, 2017 11:44 pm
Forum: Investing - Theory, News & General
Topic: Hypo: What would you do if you were SURE of impending deline in markets
Replies: 62
Views: 4190

Re: Hypo: What would you do if you were SURE of impending deline in markets

If all you know is that the market will go down sometime within the next 90 days, there is no way to use that information. For the market to go 90 days without declining on any of the days would be unprecedented -- declining from time to time is the norm. The past long-term gains in the stock market...
by patrick
Sat Jan 21, 2017 4:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 1099s available - Other companies just as good for sending 1099s???
Replies: 63
Views: 5392

Re: Vanguard 1099s available - Other companies just as good for sending 1099s???

What are people's experiences with 1099s from NetSpend and Metabank? I used them for 2016 for several months as long as they were offering 5% interest and then closed out. Do they mail 1099-INTs and when? Treasury Direct is available online. Last year Netspend 1099s were not received until early Fe...
by patrick
Wed Jan 18, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: TIPS are great in "theory." But real world...
Replies: 34
Views: 3530

Re: TIPS are great in "theory." But real world...

It does not really matter if the CPI accurately measures inflation or not. The TIPS market prices effectively take that into account. I have never subscribed to the conspiracy theory that they will arbitrarily cook the CPI numbers. While the market could account for a bad inflation index, I don't s...
by patrick
Wed Jan 18, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: TIPS are great in "theory." But real world...
Replies: 34
Views: 3530

Re: TIPS are great in "theory." But real world...

grap0013 wrote:I agree. I don't like TIPS. I've seen no benefit in the real world. Only theoretical.


If you buy fire insurance and then your house doesn't burn down ... does that mean the insurance has no benefit in the real world, only theoretical?
by patrick
Wed Jan 18, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Should you be worried about losing money in bonds?
Replies: 14
Views: 2775

Re: Should you be worried about losing money in bonds?

Chart of historical drawdowns of U.S. bonds vs. stocks since 1926. How risky do bonds look? If you update the chart to account for inflation, they would look risky. For example, from the end of 1940 to the end of 1981, 10-year treasuries had a 55% loss after accounting for inflation (see http://pag...
by patrick
Tue Jan 17, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help me choose a 457 provider?
Replies: 5
Views: 409

Re: Help me choose a 457 provider?

If you have good options in the 403b (or money outside of employer plans that you can put anywhere) you shouldn't need to use any high cost funds in the 457. This plan has very low cost S&P 500 and total (US) stock market funds. You could invest the 457 only in one of those and then buy all the ...
by patrick
Sun Jan 15, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 87
Views: 5268

Re: Why not put it all in TIPS?

The SPIA does add the additional risk that the insurance company will fail, but that may not be a huge risk. Both government regulations and business sense would require the insurance company to have enough reserves to pay out its policies, and if it does fail anyway there are guaranty associations...
by patrick
Sun Jan 15, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6375

Re: Cardinal Sin - went to cash the day before 2016 election

Well, if you had the experience and access to insiders that George Soros has - you would have still made the same mistake! The conventional wisdom regarding both the election and the affect of the election on the markets was incorrect the entire year. Ironically, if you are wrong on both questions ...
by patrick
Sat Jan 14, 2017 9:41 pm
Forum: Investing - Theory, News & General
Topic: Why not put it all in TIPS?
Replies: 87
Views: 5268

Re: Why not put it all in TIPS?

Why do folks who might otherwise encourage somebody to sink most/all of their liquid assets into a SPIA have such a problem with putting most/all assets into TIPS? Is that insurance company investing in something safer than TIPS?? :confused There are benefits of the SPIA over TIPS (assuming an infl...
by patrick
Sat Jan 14, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: Shouldn't everyone do a traditional IRA/401k instead of a Roth?
Replies: 132
Views: 7745

Re: Shouldn't everyone do a traditional IRA/401k instead of a Roth?

You are better off with a Roth if your expected marginal tax bracket in retirement is higher than your marginal tax bracket now. There's only two ways that could be true: A) You plan on requiring more money in retirement than you earn today B) You expect that real tax brackets might be higher when ...
by patrick
Sat Jan 14, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Texasaver by Greatwest reduction in 401k, 457 fees
Replies: 2
Views: 632

Re: Texasaver by Greatwest reduction in 401k, 457 fees

If you have only $50 in the plan, your fee of $1.18 per month would seem quite extreme.
by patrick
Sat Jan 14, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1176
Views: 146071

Re: What's Your Credit Card Rewards Strategy?

Speaking to using Korean Air miles on partner flights, this is echoed on several sources from a google search...so it appears...yes I'm sure. But not happy about it. http://onemileatatime.boardingarea.com/2014/02/14/how-to-redeem-korean-air-skypass-miles/ Thank you for the link. Initially I was ver...
by patrick
Thu Jan 12, 2017 2:24 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 6450

Re: Where do you keep your emergency fund?

Mine is in LifeStrategy Conservative Growth (as another poster mentioned up above). At a certain point once your net worth gets positive and you have access to credit cards, etc., I don't see the point in keeping a cash emergency fund . I could not disagree more with the bolded statement. The EF is...
by patrick
Wed Jan 11, 2017 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Chasing bank opening rewards
Replies: 6
Views: 679

Re: Chasing bank opening rewards

ChexSystems actually does keep track of account openings as well as negative information, but it should not be a problem except in extreme cases. See http://www.doctorofcredit.com/an-introd ... k_accounts
by patrick
Tue Jan 03, 2017 10:39 pm
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 17
Views: 1725

Re: Marijuana stocks

there are a lot of opportunities in this area. here are some links to investigate https://finance.yahoo.com/news/5-best-marijuana-stocks-2016-191206061.html http://marijuanastocks.com/content/list-marijuana-stocks/ https://marketfy.com/portal/420investor/ At a glance all of these stocks look like O...
by patrick
Mon Jan 02, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Why are my Fidelity dividends showing as non-qualified?
Replies: 11
Views: 860

Re: Why are my Fidelity dividends showing as non-qualified?

I'd guess this is just because the final determinations of what is qualified for 2016 haven't been entered yet. See https://www.fidelity.com/mutual-funds/i ... n/year-end for estimates of how much of the year-end dividends are qualified.
by patrick
Mon Jan 02, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Options in 401K
Replies: 4
Views: 491

Re: Bond Fund Options in 401K

The difference between those two funds seems rather small. I'll note that both have high costs. Are there any low cost stock funds in the 401K? If so, it might be better to use those in the 401K and buy bonds outside.
by patrick
Sat Dec 31, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: International Small Cap Value?
Replies: 23
Views: 2064

Re: International Small Cap Value?

If DLS isn't so tax friendly, FNDC (Schwab Fundamental International Small - i.e. RAFI) has performed very similarly over it's life to date as DLS and DISVX have. Last year the QDI percent was 79.71% and it's current SEC Yield (30 Day)12/30/2016 is 1.83% It's developed countries only. Not sure if D...
by patrick
Fri Dec 30, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4865

Re: Is it safe to use debit cards? Anybody here have one compromised?

The other side of the question is if there are any advantages in using one instead of a credit card or an ATM card. I have never seen any advantage to using a debit card and lots of reasons not to. There is an advantage in the form of reward checking accounts. Lake Michigan Credit Union pays me 3% ...
by patrick
Fri Dec 30, 2016 4:13 pm
Forum: Investing - Theory, News & General
Topic: VMMXX-Vanguard Prime Money Market is 55% Yankee/Foreign
Replies: 25
Views: 2424

Re: VMMXX-Vanguard Prime Money Market is 55% Yankee/Foreign

I do not think this is a big risk. However, I would still avoid money market funds because bank deposits can pay more interest. Redneck Bank pays me 1.25% on the money market deposit account, and unlike the money market fund they have FDIC insurance, and best of all a debit card with a picture of a ...
by patrick
Thu Dec 29, 2016 8:52 pm
Forum: Investing - Theory, News & General
Topic: Ownership of international stock during wars
Replies: 25
Views: 2164

Re: Ownership of international stock during wars

German and Japanese companies with very few exceptions went bankrupt at the end of WW2 and while some were restructured and survived, investors in the original companies were wiped out. I don't believe that is accurate. The Credit Suisse Yearbook (https://www.credit-suisse.com/us/en/about-us/resear...
by patrick
Wed Dec 28, 2016 1:06 am
Forum: Investing - Theory, News & General
Topic: 100% TIPS and 0% in Nominal Bonds?
Replies: 168
Views: 8959

Re: Diversification: A "Free Lunch"

Do any Bogleheads own 100% of their fixed-income in TIPS? neomutiny06: Holding 100% in any single type of bond could be a mistake. Diversification in bonds is similar to diversification in stocks--it is often called [i]"the only free lunch in investing."[/url] This is the primary reason I...
by patrick
Fri Dec 23, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a real Chip and Pin card?
Replies: 88
Views: 14070

Re: How to get a real Chip and Pin card?

Lots of merchants are using the chip transition to remove the credit/debit choice (which was always a terrible naming: it was really choosing between Visa/MC or the debit network) for debit cards and defaulting to debit network/PIN based transactions. Since there are new terminals, it is easy to pr...
by patrick
Thu Dec 22, 2016 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for a good way to get some exposure to SHORT TERM international bonds via ETF or mutual fund
Replies: 6
Views: 522

Re: Looking for a good way to get some exposure to SHORT TERM international bonds via ETF or mutual fund

It may depend on just what type of bonds you want, but you may want to look to the BWZ ETF. It has 1 to 3 year nominal foreign government bonds, investment grade only, not currency hedged, with 0.35% expenses. Be warned however that short term bonds have even lower yields than the extremely low yiel...
by patrick
Tue Dec 20, 2016 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to the USA one year ago, how to build credit?
Replies: 12
Views: 868

Re: Moved to the USA one year ago, how to build credit?

You can check your US credit report for free once a year with https://www.annualcreditreport.com/ -- however this does not include the credit score. A US credit score would only be based on your US credit file. If you haven't ever used any US credit cards or other US based debt, then your US credit ...
by patrick
Mon Dec 19, 2016 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?
Replies: 28
Views: 3495

Re: Chase $500 Bonus For New Checking/Savings Accounts - Worth It?

1. The usual credit report only deals with credit cards and other kinds of debt, so it won't be affected. There is however another "famous" credit reporting agency called ChexSystems which reports about checking accounts, but just opening and closing accounts won't be much of a problem. 2/...

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