Search found 42 matches

by investing engineer
Fri May 29, 2020 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Is investing in NYC condo even a good investment???
Replies: 12
Views: 864

Re: Is investing in NYC condo even a good investment???

Every investor has their own principles. My principle is to not purchase any investment property if cash flow is not gonna work out (i.e., the property must produce positive cash flow even if the property is 100% on mortgage with a reasonable interest rate). According to my criteria, this is not wor...
by investing engineer
Wed May 27, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8438

Re: Investors: be aware of weakness in 2FA + strengthening

Not being one of these hackers, I would be speculating in 'how' they do it. I know only that they 'do'. And that typically the hardest part of it is the 2FA validation we've relied on. And now that is what is under attack. If I had to guess on the other stuff: 1. You could probably find / buy SSN's...
by investing engineer
Wed May 27, 2020 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8438

Re: Investors: be aware of weakness in 2FA + strengthening

I'm still not getting it. I don't like easy to reset passwords such as in your Fidelity example, but even there they would have needed to know your username to even get to that step. Also the answer to a secret question. How do they get all this, let alone your SSN, just by intercepting a text mess...
by investing engineer
Tue May 26, 2020 10:00 pm
Forum: Personal Investments
Topic: Private Investing?
Replies: 12
Views: 912

Re: Private Investing?

My opinion is that one shouldn't need any private equity as investment until becoming wealthy enough to diversify.
by investing engineer
Tue May 26, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8438

Re: Investors: be aware of weakness in 2FA + strengthening

The best security for the average person is a password manager that will autofill your credentials only into a matching domain. The password manager allows you to have unique passwords for each site, preventing credential stuffing, and it allows for validation of the domain for which credentials ar...
by investing engineer
Tue May 26, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8438

Re: Investors: be aware of weakness in 2FA + strengthening

Can someone explain to the non-initiated what the issue is here? So I go to Vanguard's website, enter my username and password and then wait for the text to my phone except someone else gets the text. They can use that to access my account? Their browser hasn't logged in to Vanguard with my credent...
by investing engineer
Tue May 26, 2020 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Proof of ownership and paper statements
Replies: 25
Views: 1774

Re: Proof of ownership and paper statements

The SIPC brochure may shed some light on the extent of the usefulness of statements <https://www.sipc.org/media/brochures/HowSIPCProtectsYou-English-Web.pdf>: How will I prove what the broker owes me? When you fill out the claim form, you are asked to describe the cash and securities owed to you. Th...
by investing engineer
Mon May 25, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8438

Re: Investors: be aware of weakness in 2FA + strengthening

Thought I’d share based on news I’ve been seeing. Please be aware that hackers are attacking 2FA through telecommunication carriers. Can someone explain to the non-initiated what the issue is here? So I go to Vanguard's website, enter my username and password and then wait for the text to my phone ...
by investing engineer
Mon May 25, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8438

Re: Investors: be aware of weakness in 2FA + strengthening

Thought I’d share based on news I’ve been seeing. Please be aware that hackers are attacking 2FA through telecommunication carriers. Can someone explain to the non-initiated what the issue is here? So I go to Vanguard's website, enter my username and password and then wait for the text to my phone ...
by investing engineer
Mon May 25, 2020 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Investors: be aware of weakness in 2FA + strengthening
Replies: 153
Views: 8438

Re: Investors: be aware of weakness in 2FA + strengthening

jajlrajrf wrote:
Sun May 24, 2020 12:02 pm
Where's a weakness ?
Since the code is being sent from a central location to your phone, it's subject to a number of attacks along the way.
Are you sure? Schwab uses Symantec VIP. Cut off your phone's internet and it still generates code.
by investing engineer
Mon May 04, 2020 3:24 am
Forum: Personal Finance (Not Investing)
Topic: Online bill pay service with Citi Double Cash
Replies: 13
Views: 944

Re: Online bill pay service with Citi Double Cash

I used to use discover checking to do this, which worked. I never knew any bill pay systems that don't support credit card.
by investing engineer
Fri May 01, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card fraud? Prank?
Replies: 20
Views: 1070

Re: Credit card fraud? Prank?

mrc wrote:
Fri May 01, 2020 2:43 pm
Was this card charged? Have you checked?
No. I reported fraud when the transactions were pending and the transactions were gone one day later.
by investing engineer
Fri May 01, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card fraud? Prank?
Replies: 20
Views: 1070

Re: Credit card fraud? Prank?

Question for you. You say the order was "initiated" this week. Is that when the draw was posted on your account from Elizabeth Arden or when the actual order was placed with Elizabeth Arden? When the credit card account shows pending. If you and your wife both generally work or are away during the ...
by investing engineer
Fri May 01, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card fraud? Prank?
Replies: 20
Views: 1070

Re: Credit card fraud? Prank?

If you use the same password for a long time, especially on that Elizabeth Arden site, change it. You can also contact them and ask what to do with that box of stuff that you did not order. They will send you a call tag if they want it back. Otherwise, you can do with it what you want. Lots of plac...
by investing engineer
Fri May 01, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card fraud? Prank?
Replies: 20
Views: 1070

Re: Credit card fraud? Prank?

Even worse, I have to pay expensive shipping to get things returned (no free return shipping from Elizabeth Arden). Why? the transactions are fraudulent. If Elizabeth Arden wants their stuff back they should ask you nicely to pack it up and send you a nice shipping label to put on the box. Otherwis...
by investing engineer
Fri May 01, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card fraud? Prank?
Replies: 20
Views: 1070

Re: Credit card fraud? Prank?

so the hypothetical fraudster set up an Elizabeth Arden account using your email address, and then ordered products using your credit card, that he/she then had shipped to your home address? I think the call may be coming from inside the house... Yes. This is really suspicious. I wonder how they go...
by investing engineer
Fri May 01, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card fraud? Prank?
Replies: 20
Views: 1070

Credit card fraud? Prank?

Monday I caught suspicious credit card transactions of $2000 and $3000 initiated on Sunday and Monday on Elizabeth Arden. Only me and my wife have access to this credit card and confirmed neither has made these transactions. No kid at home. Only wife has an account but hasn't used it for many years ...
by investing engineer
Tue Apr 28, 2020 1:15 am
Forum: Personal Finance (Not Investing)
Topic: best use of $0.13?
Replies: 20
Views: 3815

Re: best use of $0.13?

By the time you posted, you have already incurred $0.13 electricity and equipment worn-off.
by investing engineer
Mon Apr 27, 2020 3:36 am
Forum: Personal Finance (Not Investing)
Topic: Quicken For Mac
Replies: 20
Views: 1272

Re: Quicken For Mac

The short answer is "Use Gnucash, nothing else even comes close" if you're willing to do double-entry accounting for your personal finances. If you're not, then Banktivity is probably closest to best-in-breed at the moment. I tried gnucash, doesn't seem to be friendly when it comes to downloading t...
by investing engineer
Wed Apr 22, 2020 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Chase's new instant transfer feature
Replies: 3
Views: 864

Chase's new instant transfer feature

I saw Chase now offers instant transfer to the owner's account at other banks. Chase's FAQ says: What is a real-time transfer? Real-time transfers are a new way to send and receive money within moments, using the U.S. real-time payments network. What is this "real-time payments network"? This option...
by investing engineer
Tue Apr 21, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1574

Re: Anybody using a stock portfolio LOC?

As I mentioned earlier, the concern that they may change collateral requirement completely at lender's discretion cannot be ignored -- it can get you into short-term liquidity problem simply because the lender thinks it's risky. That's probably why their interest rates are based on short-term (one-...
by investing engineer
Tue Apr 21, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1574

Re: Anybody using a stock portfolio LOC?

As I mentioned earlier, the concern that they may change collateral requirement completely at lender's discretion cannot be ignored -- it can get you into short-term liquidity problem simply because the lender thinks it's risky. That's probably why their interest rates are based on short-term (one-...
by investing engineer
Tue Apr 21, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1574

Re: Anybody using a stock portfolio LOC?

As I mentioned earlier, the concern that they may change collateral requirement completely at lender's discretion cannot be ignored -- it can get you into short-term liquidity problem simply because the lender thinks it's risky. That's probably why their interest rates are based on short-term (one-m...
by investing engineer
Tue Apr 21, 2020 2:42 am
Forum: Personal Finance (Not Investing)
Topic: PSA: Free weekly credit report
Replies: 8
Views: 972

Re: PSA: Free weekly credit report

TravelGeek wrote:
Mon Apr 20, 2020 7:57 pm
HueyLD wrote:
Mon Apr 20, 2020 6:12 pm
Thank you for the PSA. However, I have no idea how many people need weekly credit reports.
I don’t either... but it made me wonder why my data isn’t always available to me at no cost when I want or need access ...
I hope they just changed their business practices permanently.
by investing engineer
Mon Apr 20, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Problem getting credit report online
Replies: 3
Views: 272

Re: Problem getting credit report online

Try to call them, sometimes it works. Your situation is no news to me. Equifax never worked for me other than mailing. Have been mailing them for years.
by investing engineer
Mon Apr 20, 2020 3:49 pm
Forum: Personal Investments
Topic: Another tax loss harvest question
Replies: 28
Views: 1324

Re: Another tax loss harvest question

If you have purchased VTI today in a taxable account, I think you have to wait 30 days to avoid wash sale, no matter what you are gonna buy.
by investing engineer
Mon Apr 20, 2020 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Anybody using a stock portfolio LOC?
Replies: 37
Views: 1574

Re: Anybody using a stock portfolio LOC?

There is a risk of a "maintenance call" (same as a margin call) if the value of the pledged account (VTI) was to drop low enough, but given that I am only borrowing a relatively small amount- say less than 25% of the collateral I do not think this is a realistic concern. Additionally, they give a c...
by investing engineer
Thu Apr 02, 2020 2:49 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to invest in stocks ? Apr 2020
Replies: 15
Views: 713

Re: HELOC to invest in stocks ? Apr 2020

I feel like cash out refinance might be a better option than heloc, at least you know how your liability certainly.
by investing engineer
Sun Mar 29, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3656

Re: House Buying Advice - Contract Already Signed

The contract is to give both parties a peace of mind. Given the current situation, I'm not sure whether breaching the contract helps. If the seller goes after you, you will likely have to pay the difference between the current price and the contract price.
by investing engineer
Thu Mar 26, 2020 2:00 am
Forum: Personal Investments
Topic: Bond funds choice
Replies: 2
Views: 369

Re: Bond funds choice

Since you are in a high tax bracket, why not look into VWITX or VTEAX?
by investing engineer
Wed Mar 25, 2020 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Does schwab provide auto daily liquidation like Fidelity?
Replies: 4
Views: 512

Does schwab provide auto daily liquidation like Fidelity?

Fidelity cash management account provides a feature: It auto liquidates money market funds upon transfer/withdraw after the core position (cash) has been used up. Does Schwab provide similar features? Just wondering, might be interested to move there.
by investing engineer
Sat Mar 21, 2020 11:57 pm
Forum: Personal Investments
Topic: New investment: VGT vs IGM vs QQQ
Replies: 52
Views: 2902

Re: New investment: VGT vs IGM vs QQQ

... Most of the innovation, growth, creativity and inventiveness are in the IT, it's simply the future. Even biotech will trail it. There's no way it's going to slow down. It's somewhat a belief and a bet on the a lot of unknowns, but I'm inclined to make this bet at the moment. IT may still be the...
by investing engineer
Sat Mar 21, 2020 11:48 pm
Forum: Personal Investments
Topic: New investment: VGT vs IGM vs QQQ
Replies: 52
Views: 2902

Re: New investment: VGT vs IGM vs QQQ

... Most of the innovation, growth, creativity and inventiveness are in the IT, it's simply the future. Even biotech will trail it. There's no way it's going to slow down. It's somewhat a belief and a bet on the a lot of unknowns, but I'm inclined to make this bet at the moment. IT may still be the...
by investing engineer
Sat Mar 14, 2020 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Traditional IRA to Roth IRA conversion
Replies: 8
Views: 444

Re: 2019 Traditional IRA to Roth IRA conversion

Do I have a choice between claiming either of the two, or only one of them is legal? (let $v denote the account value upon conversion) $6000 contribution deduction for 2019 income, and additional $v for 2020 income An additional $(v-6000) income (or $(6000-v) deduction) for 2019 It appears you don'...
by investing engineer
Sat Mar 14, 2020 2:07 am
Forum: Personal Finance (Not Investing)
Topic: Tips on working from home
Replies: 11
Views: 971

Re: Tips on working from home

I'm also in a similar situation. It doesn't seem any different, and there isn't really any special tips: we just stick to each of our own desks...
by investing engineer
Sat Mar 14, 2020 2:05 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Traditional IRA to Roth IRA conversion
Replies: 8
Views: 444

2019 Traditional IRA to Roth IRA conversion

This is already March, 2020, and I have only discovered the backdoor Roth IRA. I'm planning to open a traditional IRA account, throwing in $6000 for 2019, and convert it to a Roth IRA account before the tax filing deadline. Do I have a choice between claiming either of the two, or only one of them i...
by investing engineer
Thu Nov 05, 2015 4:49 am
Forum: Personal Consumer Issues
Topic: Use the chip credit card in the US?
Replies: 20
Views: 2611

Use the chip credit card in the US?

It seems no one really uses the chips, even the October deadline has passed. What happened?
by investing engineer
Sun Oct 11, 2015 2:04 pm
Forum: Personal Investments
Topic: Dynamic asset allocation?
Replies: 1
Views: 523

Dynamic asset allocation?

What do you think of the IvyVest's dynamic asset allocation strategy based on the asset Shiller PE?
by investing engineer
Fri Aug 28, 2015 10:41 pm
Forum: Personal Investments
Topic: Index ETF or index funds: should I use ETF if there is no commission fee in a taxable account?
Replies: 14
Views: 1033

Re: Index ETF or index funds: should I use ETF if there is no commission fee in a taxable account?

I've read this article about index ETFs and funds. The article itself suggests individuals to buy funds instead of ETFs to keep things simple. I've already read the Bogleheads' guide which suggests to favor funds. But I doubt, in the following situation, is funds still preferred: monthly/biweekly a...
by investing engineer
Fri Aug 28, 2015 5:52 pm
Forum: Personal Investments
Topic: Index ETF or index funds: should I use ETF if there is no commission fee in a taxable account?
Replies: 14
Views: 1033

Index ETF or index funds: should I use ETF if there is no commission fee in a taxable account?

I've read this article about index ETFs and funds. The article itself suggests individuals to buy funds instead of ETFs to keep things simple. I've already read the Bogleheads' guide which suggests to favor funds. But I doubt, in the following situation, is funds still preferred: monthly/biweekly ad...
by investing engineer
Fri Aug 28, 2015 5:40 pm
Forum: Personal Investments
Topic: Would money market fund be a good place to put emergency money?
Replies: 11
Views: 2550

Re: Would money market fund be a good place to put emergency money?

I can see two possible downsides of doings so: It seems the funds are not FDIC insured; Is the liquidity limited? Do you have some advices on this? go with online saving account -- ally, barclays -- etc -- liquid, FDIC insured and current yields of ~0.99 - 1%. Problem solved. :) You are right, I sh...
by investing engineer
Thu Aug 27, 2015 5:21 pm
Forum: Personal Investments
Topic: Would money market fund be a good place to put emergency money?
Replies: 11
Views: 2550

Would money market fund be a good place to put emergency money?

I can see two possible downsides of doings so:

It seems the funds are not FDIC insured;
Is the liquidity limited?

Do you have some advices on this?