Search found 224 matches

by Ricchan
Thu May 28, 2020 10:54 pm
Forum: Personal Investments
Topic: How are you accounting for T-Bills, Bonds, TIPS, etc?
Replies: 12
Views: 926

Re: How are you accounting for T-Bills, Bonds, TIPS, etc?

Way too complicated, what is the need for CUSIP tracking, accrued interest, debits, credits? You can't be serious, are you? Do you track everything like a back office custody shop would? Simple spreadsheet - security type, date of purchase, date of issue, par value, price paid, current value. Maybe...
by Ricchan
Thu May 28, 2020 10:16 pm
Forum: Personal Investments
Topic: How are you accounting for T-Bills, Bonds, TIPS, etc?
Replies: 12
Views: 926

Re: How are you accounting for T-Bills, Bonds, TIPS, etc?

Way too complicated, what is the need for CUSIP tracking, accrued interest, debits, credits? You can't be serious, are you? Do you track everything like a back office custody shop would? Simple spreadsheet - security type, date of purchase, date of issue, par value, price paid, current value. Maybe...
by Ricchan
Thu May 28, 2020 10:00 pm
Forum: Personal Investments
Topic: How are you accounting for T-Bills, Bonds, TIPS, etc?
Replies: 12
Views: 926

Re: How are you accounting for T-Bills, Bonds, TIPS, etc?

I'm not an accountant (nor do I have any expertise in that area), but for individual bond purchases, I debit cash and credit the individual bond account identified by CUSIP. Interest earned during the life of that account is also credited to the individual bond account. On maturity, I debit the bond...
by Ricchan
Sat May 16, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86790

Re: Best CD rates thread

Thanks @MikeG62 for the response! You're right, the family member is an elderly parent. The tax considerations in addition to membership duties (being active in the account) may make it more reasonable to go the beneficiary route, even if it's $250k less insurance. I'll take some time to think this ...
by Ricchan
Sat May 16, 2020 1:15 am
Forum: Investing - Theory, News & General
Topic: Ally lowers APR on savings from 1.5% to 1.25%
Replies: 79
Views: 9130

Re: Ally lowers APR on savings from 1.5% to 1.25%

AmEx HYSA dropped to 1.3% today. So did CIT Bank's Savings Builder. Ouch. And here I was all excited to sign up for their $300 Savings Builder bonus (available till end of the month). They actually offer two bonuses. $300 for $50k, or $150 for $25k. You need to keep the funds in the bank for 105 da...
by Ricchan
Sat May 16, 2020 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86790

Re: Best CD rates thread

Thanks @KevinM and @MikeG62 for all your helpful replies! I have one family member I can work with in terms of adding a joint owner or a beneficiary. I've played around with this insurance estimator , using the following data: Share account S1 with Fixed CD Share account S2 with Add-on CD Assuming S...
by Ricchan
Wed May 13, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86790

Re: Best CD rates thread

Thanks @KevinM for the information about the CD rate history charts on DepositAccounts! For those who signed up for the PSECU CDs with monthly add-ons, do you have any plans on what to do if / when your total amount goes over the NCUA insured amount of $250,000, if not already? I had originally setu...
by Ricchan
Tue May 12, 2020 10:40 pm
Forum: Investing - Theory, News & General
Topic: Ally lowers APR on savings from 1.5% to 1.25%
Replies: 79
Views: 9130

Re: Ally lowers APR on savings from 1.5% to 1.25%

FYI, Marcus is still offering a 1.55% no-penalty CD for 7 months as of this moment. They also offer a 1.60% 12 month regular CD. I ended up buying a 12 month CD partly because I'm pretty pessimistic on CD rates for the next 12 months and also because I already have other no-penalty CDs maturing in D...
by Ricchan
Tue May 05, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86790

Re: Best CD rates thread

Wonder why Vanguard CD rates are lower than others...Much higher at individual banks.... Summit It is not uncommon for brokered CDs to have lower yields than direct CDs. It has been that way most of the time since I started moving fixed income heavily into CDs in late 2010. Kevin I only started loo...
by Ricchan
Tue May 05, 2020 9:11 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11159

Re: All my friends are outperforming index funds

It seems a lot of stock picks based on simple ideas such as, "people are staying home, so they're going to end up watching a lot more Netflix and buying a lot more from Amazon," and "healthcare demand is going to increase, so healthcare ETFs like VHT and IHI are going to go up" have actually ended u...
by Ricchan
Fri Apr 24, 2020 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 203
Views: 15607

Re: Optimizing PPP Forgiveness

We're not giving up the credit card rewards that easy! What we're doing is paying everything we can on our credit card then after the charge posts, make an immediate payment for the items we can claim for forgiveness. That makes sense. I didn't consider splitting up the payments or paying off forgi...
by Ricchan
Thu Apr 23, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 203
Views: 15607

Re: Optimizing PPP Forgiveness

For those opening separate bank account just for PPP forgiveness. How are you going to handle FICA tax payments where the employer side is not forgivable? Split the payments up, employee side payment from new account, employer side from another? That makes things a little difficult, especially when...
by Ricchan
Wed Apr 15, 2020 12:10 am
Forum: Investing - Theory, News & General
Topic: Why not Vanguard U.S. Growth Fund?
Replies: 5
Views: 773

Re: Why not Vanguard U.S. Growth Fund?

Growth has outperformed in recent history. Whether or not that will continue, I do not know. If you start from the inception of VWUAX (9/2001), VWUAX has a CAGR of 6.47% vs VTSAX's 6.99%. The passive version (VIGAX) has a CAGR of 7.58%. Portfolio Visualizer link Using investor shares allows you to c...
by Ricchan
Sat Apr 11, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do online IRS payments count towards BofA's "Online Shopping" rewards category?
Replies: 2
Views: 239

Re: Do online IRS payments count towards BofA's "Online Shopping" rewards category?

Thanks for sharing where to find the excluded merchant category list. I'll save that for future reference. I suppose IRS payments being counted as online shopping would've been too good to be true. That would've been a juicy 5.25% back with the standard cash rewards + platinum honors, which would've...
by Ricchan
Sat Apr 11, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do online IRS payments count towards BofA's "Online Shopping" rewards category?
Replies: 2
Views: 239

Do online IRS payments count towards BofA's "Online Shopping" rewards category?

I'm guessing the chances are slim, but it probably wouldn't hurt to ask. Has anyone attempted to pay their IRS taxes using a Bank of America rewards credit card, and did it count towards the "Online Shopping" category?
by Ricchan
Thu Apr 09, 2020 7:46 pm
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9540

Re: Cares Act Payroll Protection Program

I am also seeing "Payroll costs (compensation above $100,000 excluded)" -- so maybe for those employees with over $100k in salary, they will allow forgiveness for the first $100k, but nothing above that. Which I think probably makes sense... don't want the government to start paying someone's $25m ...
by Ricchan
Fri Apr 03, 2020 12:36 am
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12854

Re: What's happening with Muni Money Market fund yields?

Wow, that's interesting. What Excel formula do you use to get that info? I find that support for money market yields is hit or miss. I haven't tried using Excel's built in stocks data for Vanguard MM info, so I have no idea how that compares, but I use the excellent Google sheet shared by Kevin , w...
by Ricchan
Wed Mar 25, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12854

Re: What's happening with Muni Money Market fund yields?

I have an Excel sheet automatically tracking Vanguard MM yields that I look at once every couple weeks. When I opened it this morning, I thought for sure either my formulas or data sources broke. https://i.imgur.com/55q3vER.png This is really going to screw up my vertical axis range going forward.
by Ricchan
Thu Mar 19, 2020 11:49 am
Forum: Personal Investments
Topic: How should an S-Corp keep cash beyond FDIC limit?
Replies: 8
Views: 383

Re: How should an S-Corp keep cash beyond FDIC limit?

Thanks for all the responses. I'll probably open a couple new business accounts this weekend with banks that allow you to do it online, to avoid making any unnecessary trips outside. So far I've identified Bank of America, Chase, and US Bank that allow you to open business accounts online. I'll take...
by Ricchan
Wed Mar 18, 2020 5:21 pm
Forum: Personal Investments
Topic: How should an S-Corp keep cash beyond FDIC limit?
Replies: 8
Views: 383

Re: How should an S-Corp keep cash beyond FDIC limit?

YES - spread it around...the limit generally applies to each TYPE of account at each institution, so you may be able to spread to several different types of accounts at same bank. Then go to another bank and open accounts as necessary. Do it today! Thanks for the response. I know for SSN based acco...
by Ricchan
Wed Mar 18, 2020 4:32 pm
Forum: Personal Investments
Topic: How should an S-Corp keep cash beyond FDIC limit?
Replies: 8
Views: 383

How should an S-Corp keep cash beyond FDIC limit?

I run a small S-Corp with about $2 MM in cash. We currently use a single bank, and FDIC only insures up to $250k. Our CPA recently floated the idea of spreading it around multiple banks to keep the amount at each bank below the FDIC limit, or at least close to it. Do you think this is necessary? Obv...
by Ricchan
Fri Mar 13, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 179
Views: 13672

Re: Ally 1% bonus, up to $250

Edit: Just chatted with Ally, and apparently that won't work, as the funds have to come from a different financial institution. However, they also said funds transferred out of a different Ally account (e.g. CD) wouldn't affect the bonus in the savings account. So, I guess I can just transfer the f...
by Ricchan
Fri Mar 13, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 179
Views: 13672

Re: Ally 1% bonus, up to $250

Anyone know if transfers from a maturing Ally CD counts towards the bonus? I have an Ally CD maturing this month and was thinking of renewing it to their Select 13 month. But with the recent rate drops, I might instead just close the CD and deposit the money into the savings account, assuming it cou...
by Ricchan
Tue Mar 10, 2020 11:06 am
Forum: Investing - Theory, News & General
Topic: Tis The Season To Be Tax-Loss Harvesting
Replies: 22
Views: 2094

Re: Tis The Season To Be Tax-Loss Harvesting

My rules is that if they don't track the same benchmark, they're not substantially identical. I know some people like to live dangerously and will TLH funds that track the same benchmark but are from different mutual fund companies. I'm not that brave. I also know some people who are extra cautious ...
by Ricchan
Tue Mar 10, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: Another TLH question. How to do it with multiple accounts?
Replies: 4
Views: 402

Re: Another TLH question. How to do it with multiple accounts?

You don't need to sell them all at the same time. Just don't buy any VTI for at least 30 days after the most recent VTI sell transaction, in any account. That includes reinvested dividends. VTI usually distributes dividends at the end of March, so if you have any accounts set to automatically reinve...
by Ricchan
Sat Mar 07, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-DIV line items don't add up to total
Replies: 5
Views: 414

Re: 1099-DIV line items don't add up to total

Ah, okay I see what happened now. For some reason, there was one number I copied from the 1099-DIV PDF that was pasted into Excel as text, so it wasn't counted towards the sum total. https://i.imgur.com/Q2wwtk7.png I didn't catch it at first because all other numbers I copied and pasted were fine. N...
by Ricchan
Sat Mar 07, 2020 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-DIV line items don't add up to total
Replies: 5
Views: 414

1099-DIV line items don't add up to total

In my Vanguard 1099-DIV, they have the standard statement with box (1a) Total ordinary dividends, box (1b) Qualified dividends, etc. Then they have a detailed record of line items describing each holding's contribution to each of the boxes. I entered all the line items into a spreadsheet and totaled...
by Ricchan
Fri Mar 06, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86790

Re: Best CD rates thread

A lot of banks will be lowering their savings rates as well. The first indication I've seen of this is Wealthfront dropping the rate on their CMA from 1.78% to 1.27% earlier this week. Ally has a special 13 month "Select CD" offer going on this month. I was thinking about sharing it here a couple da...
by Ricchan
Fri Mar 06, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86790

Re: Best CD rates thread

mav12 wrote:
Thu Mar 05, 2020 11:04 pm
Love scripts, where did you learn them? I'm trying to pick the skill as well.
Basic programming concepts from college courses, specific language syntax and environments from work, side projects, and a lot of googling.
by Ricchan
Mon Mar 02, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18853
Views: 2636541

Re: U.S. stocks in free fall

why isnt the market down 1000+ pts right now with the news of the virus accelerating in western countries and deaths in the US? The naive answer would be markets expected the virus to be accelerating faster than it actually is, and for there to have been more deaths by now. Similar to how a stock t...
by Ricchan
Fri Feb 28, 2020 8:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18853
Views: 2636541

Re: U.S. stocks in free fall

Whew, what a week!
On the bright side, I briefly hit first place in the bogleheads contest earlier today.
:beer
by Ricchan
Wed Feb 26, 2020 12:13 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 501
Views: 42690

Re: The Calm Post - Stay the course thread.

I love to read posts from those who are calm and riding out the volatility both on the upside and downside. I see plenty of boasting on the upside and hand wringing panic on the downside. I think you are underestimating the ability of people to find ways to boast, especially those of the Internet f...
by Ricchan
Wed Jan 01, 2020 1:59 pm
Forum: Investing - Theory, News & General
Topic: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST
Replies: 684
Views: 20585

Re: OFFICIAL REGISTRATION FOR THE 2020 BOGLEHEAD CONTEST

2920.20

(To help remind myself that 2020 is a leap year)
by Ricchan
Mon Dec 30, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6042
Views: 507478

Re: U.S. stocks continue to soar!

Stinky wrote:
Mon Dec 30, 2019 4:14 pm
Ended up down on the day.
A little embarrassed to say it took me a good number of seconds to realize what you were saying there.
by Ricchan
Sat Dec 28, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Records retention
Replies: 22
Views: 2148

Re: Records retention

If you are worried, you could always scan them before you shred them, if they aren't already available for download from your financial institution's website.
by Ricchan
Tue Dec 24, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: IEMG special distribution
Replies: 7
Views: 745

Re: IEMG special distribution

What is the exact amount of dividends you got per share for IEMG in December? It looks like I got 1.20 per share total, which matches the information on Blackrock's website. But I do not see a special distribution. Does the 1.20 include the special distribution? That seems to be the case. I receive...
by Ricchan
Sat Dec 21, 2019 3:29 pm
Forum: US Chapters
Topic: Join the Wiki!
Replies: 79
Views: 77529

Re: Join the Wiki!

I can fix it if someone gives me access, or if someone wants to fix it themselves that's fine too. I have fixed this specific broken link. Thank you for the note, and for providing the corrected page URL. I can't make you a wiki editor myself -- don't have the privileges -- but if you still want to...
by Ricchan
Sat Dec 21, 2019 11:42 am
Forum: US Chapters
Topic: Join the Wiki!
Replies: 79
Views: 77529

Re: Join the Wiki!

Mainly want to fix the link on this page: https://www.bogleheads.org/wiki/529_plan#529_college_savings_plans The link in question is under the text "chart from FINRA" and points to this (broken) url: http://www.finra.org/Investors/SmartInvesting/SmartSavingforCollege/P124117 I believe the updated ur...
by Ricchan
Fri Dec 20, 2019 11:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 6042
Views: 507478

Re: U.S. stocks continue to soar!

Just had to sell a chunk of Total Market (ITOT) for an emergency; short term gain (would’ve gone long right after new year). Today is now either the market top, or the beginning of a massive run up. See? If you had a dedicated Emergency Fund, you wouldn’t have to be paying taxes to cover emergencie...
by Ricchan
Thu Dec 19, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 701
Views: 21454

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]

Average Boglehead guess is 2600 lol, what a pessimistic bunch we are! Wall Street collectively was 3026, fairly respectable. Years not over yet? Hey, I was optimistic at 3000, happy it's done even better. The hipster in me convinced me to go with the second set of 6 digits in pi. I should've gone w...
by Ricchan
Thu Dec 19, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Buying VTI December 2019
Replies: 46
Views: 2418

Re: Buying VTI December 2019

One thing I've noticed when people receive a sizable inheritance, is that they sometimes decide to treat it as separate from their overall portfolio. This is an easy mindset to fall into, especially when the inheritance comes with significant sentimental value. It's been mentioned before, but perhap...
by Ricchan
Thu Dec 19, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: Buying VTI December 2019
Replies: 46
Views: 2418

Re: Buying VTI December 2019

Most people here would probably suggest to just bite the bullet and invest it all now. However, if the fear of investing it all at once is keeping you from investing any at all, you could try dollar cost averaging over a number of months. Something like 20% of your total each month over 5 months. If...
by Ricchan
Mon Dec 16, 2019 5:44 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 90
Views: 7153

Re: Not Experiencing Any Problems With Vanguard

There is just nothing right with them any more. You can trade Vanguard ETFs anywhere else free. What advantage does their brokerage have anymore? Certain mutual funds, including Admiral class shares and money market funds, may not be available at other brokerages or may come with a fee. If you sole...
by Ricchan
Sun Dec 15, 2019 9:38 pm
Forum: Investing - Theory, News & General
Topic: Not Experiencing Any Problems With Vanguard
Replies: 90
Views: 7153

Re: Not Experiencing Any Problems With Vanguard

There is just nothing right with them any more. You can trade Vanguard ETFs anywhere else free. What advantage does their brokerage have anymore? Certain mutual funds, including Admiral class shares and money market funds, may not be available at other brokerages or may come with a fee. If you sole...
by Ricchan
Sun Dec 15, 2019 9:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Website not Working Right
Replies: 54
Views: 5038

Re: Vanguard Website not Working Right

The problem went away by itself about 11:00 Eastern. CDN caches or cookie expirations might be affecting it, but I noticed the problem just before I posted around 7:20 PM Eastern today. I basically saw this thread, checked the links to confirm I was having the same problem, deleted my vanguard cook...
by Ricchan
Sun Dec 15, 2019 7:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Website not Working Right
Replies: 54
Views: 5038

Re: Vanguard Website not Working Right

Clearing all vanguard cookies in Chrome fixed it for me.
I also use ublock an didn't change anything with that.
by Ricchan
Thu Dec 12, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Navy Fed (NFCU) CD Special 3% - 37mos
Replies: 19
Views: 3071

Re: Navy Fed (NFCU) CD Special 3% - 37mos

Andrews has 3% no gimmicks, if you're willing to do 7 years. Other CUs on depositaccounts.com showing for 3 years as well. Looks like 3% is only available for taxable accounts, 2.2% for IRA's. I'm not seeing 3% for 3 years for anything at depositaccounts, hope someone will post with those. Thanks. ...
by Ricchan
Tue Dec 10, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Moving a trust to Vanguard
Replies: 10
Views: 812

Re: Moving a trust to Vanguard

I'm going to guess that Vanguard can do it all if they have permission from my FIL? They made the process easy when I moved my stuff from Scottrade. Hoping the trust doesn't complicate it Opening or transferring trust accounts is always going to be slightly more complicated than individual accounts...
by Ricchan
Mon Dec 09, 2019 8:22 pm
Forum: Investing - Theory, News & General
Topic: Merrill Edge is Going Commission-Free
Replies: 20
Views: 2348

Re: Merrill Edge is Going Commission-Free

It looks like the only real benefit for their "Platinum Honors" members is now just the 75% bonus on credit card rewards. The others: 0.15% fee discount on "Merrill Guided Investing." Probably of no interest to anyone here. 20% interest rate booster. Okay, but 120% of ~0% is still ~0%. Unlimited ATM...
by Ricchan
Sat Dec 07, 2019 7:43 pm
Forum: Investing - Theory, News & General
Topic: What has performed better over the last 20 years? Stocks or long term bonds?
Replies: 32
Views: 2688

Re: What has performed better over the last 20 years? Stocks or long term bonds?

If you are on Team Bonds , now is a good time to compare the past 20 year performances of VWESX (long term bonds) and SPY (stocks). If you are on Team Stocks , either wait a couple years, or extend the comparison out for 22+ years. :beer https://i.imgur.com/nP0CMIJ.png (For each graph, the starting ...