Search found 95 matches

by txranger
Sat Jun 09, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill edge closing expat accounts
Replies: 10
Views: 1054

Re: Merrill edge closing expat accounts

Interactive brokers should work in most places too from what I hear. Best to have multiple brokers Accts and keep a low profile. It’s a real shame tho we have to resort to this as tax paying law abiding US citizens imho
by txranger
Sat Jun 09, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill edge closing expat accounts
Replies: 10
Views: 1054

Re: Merrill edge closing expat accounts

Been overseas 10 yrs now, no real issues aside the Merrill one above. Can most certainly buy and trade at US brokers. Check yo sources before making sweeping statements.
by txranger
Sat Jun 09, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Merrill edge closing expat accounts
Replies: 10
Views: 1054

Re: Merrill edge closing expat accounts

Yea sounds like they r not too thrilled enforcing this as they lose biz. In principle, as long as u have a valid street address in the US on record, and keep a low profile, u should have no issues. U r well within yo legal rights of doin so as well. There is no law that makes it mandatory to report ...
by txranger
Sat Jun 09, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Best banks for checking accounts?
Replies: 33
Views: 3221

Re: Best banks for checking accounts?

I live overseas so fidelity and Schwab are must for me as they don’t charge forex fees and reimburse all atm fees which can be quite significant. Re fido not a bank — true but it’s cash managemt account functions better than most bank accounts and has higher fdic aggregate cover, like 1.25 mln if ma...
by txranger
Sat Jun 09, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Merrill edge closing expat accounts
Replies: 10
Views: 1054

Merrill edge closing expat accounts

Just got an upleasant letter from Merrill edge that they r closing one of my accounts. Spoke w them turns out that the only reason that happened is I opened it from a foreign IP address. In fact, to rectify the issue they suggested I open a new one from a US IP address and then should be no issues. ...
by txranger
Sat Jun 09, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Best banks for checking accounts?
Replies: 33
Views: 3221

Re: Best banks for checking accounts?

Ditto for Schwab. Great bank and brokerage. Great customer service. I ve also been using fidelity cash management account also very good but Schwab has better customer service.
by txranger
Wed May 30, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Can 529 plan be used for overseas k12 school?
Replies: 4
Views: 380

Re: Can 529 plan be used for overseas k12 school?

This is for vanguard NV 529 plan. I called them to find out, they don’t know. My accountant doesn’t know either.. how do I find out? Tnx
by txranger
Tue May 29, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can 529 plan be used for overseas k12 school?
Replies: 4
Views: 380

Can 529 plan be used for overseas k12 school?

Anyone knows if 529plans can be used for overseas elementary -k12 private schools? For a US citizen expat and family, US citizen child. Tnx
by txranger
Fri May 18, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4245

Re: Surgeon salary vs owning a business salary/profit?

Sounds like put the cart before the horse son. Do what u like doing and $ and/or career success will come with it.
by txranger
Sun May 06, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 6142

Re: Comparing 2 physician jobs

What subspeciality r u in if u don’t mind me asking?
by txranger
Wed May 02, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Highest muni mm rates
Replies: 10
Views: 953

Re: Highest muni mm rates

No Fido is a lot lower at 1.3, unless I m lookin at wrong one. 20 bp is not chump change in my book...
by txranger
Wed May 02, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Highest muni mm rates
Replies: 10
Views: 953

Highest muni mm rates

Hi all — which brokerage providest highest muni mm rates — assume vanguard at 1.53? Schwab is at 1.46 or about 10 np lower. And I can’t find anything good for muni mm at Fido — a lot lower. Any recommendations?
Tnx appr
by txranger
Tue May 01, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 180
Views: 29324

Re: Ally online savings now at 1.50%

I got out of the 1.75% cds into vanguard muni mm, yields 1.53%, which is 2.2% at my marginal tax rate
by txranger
Tue May 01, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: US citizen living in Australia - brokerage?
Replies: 8
Views: 987

Re: US citizen living in Australia - brokerage?

Be sure to use vpn w US address when opening account w any US broker. Last time I had show up in the states to activate Schwab bank account. Good thing I had the trip coming up anyway. Merrill edge also gave me a hard time. From what I gather if u keep a US address on file and keep a low profile u l...
by txranger
Sun Apr 29, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Buying primecap now - a mistake?
Replies: 14
Views: 1503

Re: Buying primecap now - a mistake?

Right, I would have liked to pick up vanguard primecap funds but they r closed to me. Don’t have the flagship level...
by txranger
Sun Apr 29, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 180
Views: 29324

Re: Ally online savings now at 1.50%

Right. I feel like the money markets have been quickest to catch up w increasing rates? 1.55% tax free is equivalent to 2.2% after tax in my tax bracket. On 100k of cash even diff btw 1.75 % ally no penalty cd is significant enuf to move... $450 in interest income/yr? That’s smth. Else I have to wor...
by txranger
Sun Apr 29, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 180
Views: 29324

Re: Ally online savings now at 1.50%

I also use cash-like investments as a part of my bond allocation. I don’t see anything better for bonds adjusting for taxes, rate, and liquidity risk than vanguard muni mm. Do you? I do most of my banking at Schwab and Fido, so once their mm start doing better than savings accounts, I don’t c much p...
by txranger
Sun Apr 29, 2018 6:55 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 180
Views: 29324

Re: Ally online savings now at 1.50%

Ps. I have 100k left in their 1.75% no fee cd. Thinking of ditching that too. Only thing stopping me is fact I have 1 extra biz day delay in pullin cash out of vanguard mm fund in my case compared w ally. Still thinkin to get rid of it. Worst offender is GS bank Marcus. I only have 10 days out of th...
by txranger
Sun Apr 29, 2018 6:48 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 180
Views: 29324

Re: Ally online savings now at 1.50%

Vanguard muni market yields 1.55 now, 2.2 at my marginal tax rate. Ally, i m out.
by txranger
Sun Apr 29, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Buying primecap now - a mistake?
Replies: 14
Views: 1503

Re: Buying primecap now - a mistake?

Roughly 60/40. Stock/bonds. Of the bonds, I have about a 3rd in cash in vanguard muni market fund and similar as bonds r treading water now in total return. Not sure if this one really fits but it’s not a huge amount, about 60k in Roth, a small portion of my nw, <5%. Current I have vanguard mod grow...
by txranger
Sun Apr 29, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Buying primecap now - a mistake?
Replies: 14
Views: 1503

Buying primecap now - a mistake?

Hi all — I m considering buying primecap odyssey growth in my Roth IRA w vanguard. It’s $20/transaction and a bit expensive at 0.66 ER. I wanted to buy primecap vanguard funds but don’t qualify w balance/closed new investors. I figure primecap would outperform most investments over next 20-30 yrs an...
by txranger
Sun Apr 29, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Alliant Credit Union Signature VISA
Replies: 29
Views: 3906

Re: Alliant Credit Union Signature VISA

Had the card for a year. Best cash back card w no forex fees which is key if u live overseas. The only one that comes close after first is bofa premier rewards if u have >100k w merrill. I m considering switching more towards it but can’t get instant transaction alerts to work w bofa. Anyone has any...
by txranger
Sat Apr 28, 2018 6:48 am
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 93
Views: 9382

Re: Yield Curves-Treasury, CD, AA/AAA muni

How quickly can you get cash out of vanguard prime and muni mm? My spending accounts r at Fido and Schwab. Schwab is 1 biz day delay to get out of muni mm and it trails vanguard by 10 bp. Fido is immediate liquity which is great — can pull cash out of atm but it’s muni funds yield 1.3%, a lot lower....
by txranger
Wed Apr 25, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $300 bonus for a new saving account
Replies: 23
Views: 2950

Re: Chase $300 bonus for a new saving account

Ps. As I posted this, just saw another post describing a similar situation as mine. Was excruciatingly painful dealing w them to get the money back —- consider yoself warned.
by txranger
Wed Apr 25, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Chase $300 bonus for a new saving account
Replies: 23
Views: 2950

Re: Chase $300 bonus for a new saving account

Be careful. I did this promo (15k) and they shut down my accounts and froze it, took me 2 months and a million phone calls to finally get my money back. They demanded I go in branch in person to clear the funds while i m overseas.said my 15 k inbound ach transfer was deemed “suspicious.” I did nothi...
by txranger
Wed Apr 25, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Charles Schwab international ATM (worth the hard credit pull)
Replies: 25
Views: 1833

Re: Charles Schwab international ATM (worth the hard credit pull)

I d second that both Fido cash mgmnt acct card and Schwab r a must in Thailand. Cash s king here and atm fees r ridic.
by txranger
Fri Apr 20, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Need Help to FIRE in Thailand
Replies: 28
Views: 3528

Re: Need Help to FIRE in Thailand

U ll be treading water in muni funds now, with interest rates on the rise, their nav s gettin killed. Consider muni money market funds. After a lot of thought, I think lifestrategy moderate growth is the best compromise even tho it’s less tax eff. Just can’t beat simplicity and diversification and a...
by txranger
Thu Apr 19, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: EXPAT: Strategy when invested in USA and spending in EUROS
Replies: 64
Views: 4140

Re: EXPAT: Strategy when invested in USA and spending in EUROS

Just read the entire paper from all the vanguard PhDs — their conclusions, lower returns for next decade and diversify across everything smth similar to lifestrategy mod growth. Returns on cash approaches returns on most bonds too. And yea their most important conclusion — save more. Duh! Personally...
by txranger
Thu Apr 19, 2018 6:52 am
Forum: Investing - Help with Personal Investments
Topic: ETFs for cash savings
Replies: 8
Views: 1094

Re: ETFs for cash savings

What about buying tbills direct? Ladder 1-6 months and autoroll? Or vanguard muni money market. These options r starting to look better than hi yield savings accts...? Thoughts?
by txranger
Thu Apr 19, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: EXPAT: Strategy when invested in USA and spending in EUROS
Replies: 64
Views: 4140

Re: EXPAT: Strategy when invested in USA and spending in EUROS

What about hedging to Thai baht? Would like to retire in Thailand. After some thought I dunno if there s anything better than lifestrategy moderate growth fund seems diversified across everything? Though to beat at 13 basis points. Even in taxable account it’s about 20bp tax cost more expensive than...
by txranger
Mon Apr 16, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17198

Re: Can I retire at age 40?

I don’t think you can. Def not w 4 kids. Off top of my head, u prob need double that ie like 5
Mln
by txranger
Sun Apr 15, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Best Solo 401k option?
Replies: 22
Views: 1128

Re: Best Solo 401k option?

I been using fidelity — not bad. Call them once a year and deposit lump sum for max contribution and done w it.
by txranger
Sat Apr 14, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: As an expat with no US address, can I move my 401k?
Replies: 18
Views: 1904

Re: As an expat with no US address, can I move my 401k?

I don’t see anything illegal in using your parents address so as IRS knows where you live, u should be fine. But I m not a lawyer. The brokers simply want to cut compliance costs here. With the theoretical exception of buying US mutual funds as overseas resident, there should be nothin else that wou...
by txranger
Fri Apr 13, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: As an expat with no US address, can I move my 401k?
Replies: 18
Views: 1904

Re: As an expat with no US address, can I move my 401k?

u basically have 2 options -- find a reputable mail forwarding service in NV or FL that can provide a street address (i don't know of any myself). or 2 -- move to either schwab or interactive brokers. contact schwab to see if it works in your host country. i have been using my parents address person...
by txranger
Fri Apr 13, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Short-term investment options at BoA for 100K
Replies: 24
Views: 1475

Re: Short-term investment options at BoA for 100K

i ve had an annoying problem w bofa credit cards when their spending alerts don't get sent till like 2 days after the transaction --- anyone had this issue before? how do i fix it? i spoke w the bank they said to add my phone number as well, i did but no change. i tried everything on their website, ...
by txranger
Wed Apr 11, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 180
Views: 29324

Re: Ally online savings now at 1.45%

Y even the no promo penalty cds r starting to fade compared to other options. Sent them an email, will prob have no effect and I ll vote w my feet.
by txranger
Fri Mar 23, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8431

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

Do you live outside of the US? That’s most likely reason. It is a real worry of mine — will be seriously considering consolidating to schwab and interactive brokers. Any expats had similar experience? My parents recently had a similar horror story w Fidelity — due to some issue w their former employ...
by txranger
Thu Mar 22, 2018 4:46 am
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 55
Views: 7499

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

Which term is better to buy giving expected rate hikes this year, 1 mo, 3 mo or 6 mo tbill? How liquid are they ie if need $ tomorrow and hold a $1000 in one of those bills and want to sell it how much s a loss roughly? If loss is low, would it make sense to hold longer duration to get higher yield?...
by txranger
Sat Mar 10, 2018 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Schwab insists on hard inquiry on Equifax credit report !
Replies: 30
Views: 2900

Re: Schwab insists on hard inquiry on Equifax credit report !

They do a hard pull for Schwab bank not the brokerage. Be careful to use a good vpn if overseas. They tracked me down and I had to finish it by showing in the branch w my passport and drivers license. No issues since tho. I gather if u keep a US street address on record they d leave u alone. Any oth...
by txranger
Mon Feb 26, 2018 11:11 am
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 8306

Re: how did you determine your risk tolerance?

Btw I am a doctor, I do worry about unemployment as just a few yrs back in my specialty the job market was dead. Crickets. My income went down by like 40% and still not recovered. I think what allowed Warren buffet to stand tall during a market mayhem is, besides a brass set of balls, a huge, huge p...
by txranger
Mon Feb 26, 2018 6:39 am
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 8306

Re: how did you determine your risk tolerance?

Re some of the posts above of having 0 EF, I d like to quote mr Mike Tyson — everyone has a plan until u get punched in the face. If u can survive a nasty bear market w out selling some equities ie as in back of 08-09, more power to u. I suggest u read some of the threads from Back then if u didn’t ...
by txranger
Mon Feb 26, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 138
Views: 8306

Re: how did you determine your risk tolerance?

When the Dow dropped 1000 points in one day and after the 10% correction, I was sleeping totally fine, I knew I m comfortable w my risk level. Keep 15-20% in cash. Cash s king partic now that bonds yield nothin and move in same direction as equities.
by txranger
Sun Feb 25, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 520268

Re: What's Your Credit Card Rewards Strategy?

Anyone knows to get immediate usage alerts on BOfA credit cards? I set up alerts but it only sends like 2 days later when the transactions actually post and not when the card is swiped.... Tnx
by txranger
Mon Feb 19, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Is it "cute" to invest in sector funds?
Replies: 46
Views: 4388

Re: Is it "cute" to invest in sector funds?

Can someone explain how vanguard healthcare fund returned like 16% a year since inception for 33 yrs with less volatility and drawdowns of sp500? What’s the catch here?
Admittedly, my best investment has been vti, along with aapl.
by txranger
Mon Feb 19, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: 529 plan use in 2018 - Homeschooling
Replies: 22
Views: 2502

Re: 529 plan use in 2018 - Homeschooling

Can I pay for *foreign/non-US* pre school thru k12 from 529? I cannot get a clear answer on this. Anyone knows ? Tnx.
by txranger
Sat Feb 17, 2018 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Living abroad. Retirement savings options?
Replies: 45
Views: 5665

Re: Living abroad. Retirement savings options?

Ps. Be very careful w local retirement options of yo host country. IRS May disregard them and u may get screwed w taxes on way leaving the country — Australian Superannuation being an example, what a ripoff! In aus, if y don’t claim super funds when u leave, the govt can seize them after 2 yrs, so u...
by txranger
Sat Feb 17, 2018 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Living abroad. Retirement savings options?
Replies: 45
Views: 5665

Re: Living abroad. Retirement savings options?

I m over foreign exclusion limit and been able to contribute to the max to solo 401k and backdoor Roth. Really been not much of a diff if was in US...
I do understand that u can’t contribute to iras etc if u exclude all income but if u r over it, and pay taxes on it, no issues.
by txranger
Sat Feb 17, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Retiring abroad. Move taxable/checking accounts to Schwab?
Replies: 26
Views: 2768

Re: Retiring abroad. Move taxable/checking accounts to Schwab?

Been expat 10 yrs now. No real issues, keep a valid US address. Few snags I hit with with opening Schwab bank (not brokerage) account from overseas — they tracked my IP, had to go in person on next trip to the US to fix that but no issues since. Fidelity, vanguard, Schwab, and TDA no real issues o/w...
by txranger
Sun Feb 04, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Soon To be Expat Seeks Advice TIA!
Replies: 23
Views: 1394

Re: Soon To be Expat Seeks Advice TIA!

What’s wrong with using a US address? I been an expat for a decade, no real issues till recently with Merrill which I just opened acct with for tansfer bonus and credit card rewards. As long as u have a proper US address (not POB), and keep a low profile, you ll be ok with most brokers, maybe except...