Search found 224 matches

by robertmcd
Mon Nov 19, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7981
Views: 1620750

Re: U.S. stocks in freefall

More concerning to me is that treasury yields have dropped significantly. 2 yr yield down to 2.78 from high of 2.96. That is a significant drop in a short period of time and to me shows that the flight to safety has begun and the Fed hikes are getting priced out.
by robertmcd
Mon Nov 19, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: brokerage failure & risk premium for t-bill & cd
Replies: 16
Views: 1045

Re: brokerage failure & risk premium for t-bill & cd

With the new bail in provisions post GFC, treasuries are now safer than FDIC funds. In event of nationwide bank failures, the FDIC does not have to insure your deposits if your money is need to prevent systemic collapse due to derivative exposure of too big to fail banks. I doubt that they wouldn't,...
by robertmcd
Fri Nov 16, 2018 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 113
Views: 15957

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Best week in 19 months for US treasury bonds due to falling oil prices and dovish comments from the Fed. Especially intermediate term treasuries. Fed hikes getting less and less likely as the cracks keep showing.
by robertmcd
Thu Nov 15, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Portability of Fidelity ZERO
Replies: 22
Views: 2373

Re: Portability of Fidelity ZERO

Fidelity ZERO funds should not be held in a taxable account. Period. Buy vanguard total stock market or total international stock market admiral shares at vanguard if you want a mutual fund (they are the only mutual funds with an ETF share class). Or buy ITOT and IXUS at fidelity for no commission....
by robertmcd
Thu Nov 15, 2018 1:53 am
Forum: Investing - Theory, News & General
Topic: Portability of Fidelity ZERO
Replies: 22
Views: 2373

Re: Portability of Fidelity ZERO

Fidelity ZERO funds should not be held in a taxable account. Period. Buy vanguard total stock market or total international stock market admiral shares at vanguard if you want a mutual fund (they are the only mutual funds with an ETF share class). Or buy ITOT and IXUS at fidelity for no commission....
by robertmcd
Wed Nov 14, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: Portability of Fidelity ZERO
Replies: 22
Views: 2373

Re: Portability of Fidelity ZERO

Fidelity ZERO funds should not be held in a taxable account. Period. Buy vanguard total stock market or total international stock market admiral shares at vanguard if you want a mutual fund (they are the only mutual funds with an ETF share class). Or buy ITOT and IXUS at fidelity for no commission. ...
by robertmcd
Mon Nov 12, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7981
Views: 1620750

Re: U.S. stocks in freefall

There are too many investors in the market now who haven't experienced a true bear. I was speaking to one of them a couple of weeks ago who complained because his returns for the past year were less than 2%. He has no idea. This. Everyone is wondering what happened to their 17% money market fund (S...
by robertmcd
Mon Nov 12, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Which Credit Cards Will I Get Approved for with no Credit Score?
Replies: 7
Views: 683

Re: Which Credit Cards Will I Get Approved for with no Credit Score?

I got approved for a discover it with no history. It is a great card for the first year.

2% on everything
10% on bonus categories

I would use it for a few months then chase will be willing to give you a freedom/freedom unlimited
by robertmcd
Mon Nov 12, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 56
Views: 5173

Re: You Invest by JP Morgan Chase

jmorgans wrote:
Mon Nov 12, 2018 2:20 pm
Can anyone confirm that $5000 in a Youinvest IRA counts as an investment balance for the purpose of getting their checking account monthly minimum and fee waived?
I don't believe retirement accounts count towards the minimum.
by robertmcd
Mon Nov 12, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 56
Views: 5173

Re: You Invest by JP Morgan Chase

Also if you are doing this and have plans to keep it open, you get a free total business checking account with sapphire banking. I will be opening a total business checking for the $200 bonus as well. Just google to find the link where you email yourself the code So I currently am doing the $300 sa...
by robertmcd
Fri Nov 09, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe Federal + State $29.95
Replies: 117
Views: 9791

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

I just got the email for deluxe for $20. I don't file a state tax return.
by robertmcd
Fri Nov 09, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 97
Views: 6997

Re: Too many choices for my next TRUCK

F150 with 2.7 ecoboost. Port injection in addition to direct injection is the main reason (the DI only engines get carbon buildup on the intake valves) GM a close second. Love the small block V8, but wish it had port injection in addition to DI. Then ram. Don't buy a toyota or nissan, they are archa...
by robertmcd
Fri Nov 09, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3748

Re: State retirement pensions thoughts?

No way around it, there will be a massive pension crisis in the next 20 yrs, they couldn't even improve funding ratios with this recent bull market. There will probably be a reduction of benefits, in addition to tax payer funded bailouts. The state and municipal pensions have morphed into nothing mo...
by robertmcd
Fri Nov 09, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 480
Views: 45789

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Startled Cat wrote:
Fri Nov 09, 2018 10:39 am
The No Penalty CD seems to be up to 2.20% now. Time to break those CDs and reinvest?
I would like to know this as well. If I close my no penalty CD then reopen it, am I still eligible for the bonus?
by robertmcd
Thu Nov 08, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Garden SFCU 4% 4-year CD, 6 month EWP
Replies: 35
Views: 2451

Re: Thoughts on Garden Savings FCU CD (2yr-2% & 4yr-4%)

The 4 yr for 4%, coupled with a 180 day EWP is a good deal, currently the best longer term CD.
by robertmcd
Thu Nov 08, 2018 1:47 pm
Forum: Personal Consumer Issues
Topic: aerobic exercise: rower vs. treadmill and elliptical
Replies: 44
Views: 3973

Re: aerobic exercise: rower vs. treadmill and elliptical

A rower can be an excellent workout, but requires you to not "zone out" and focus on form and speed much more than the other 2 in order to get its full benefits.
by robertmcd
Thu Nov 08, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Add on CD as insurance against falling rates
Replies: 4
Views: 634

Add on CD as insurance against falling rates

United bank has a special going on, a 19 month CD yielding 3.15%. They call it a flex up cd which means you can make up to 5 additional deposits into it before it matures. By funding it with $500 (the minimum) you are effectively getting paid a decent rate for insurance against rates dropping. These...
by robertmcd
Thu Nov 01, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: I Over-contributed to Roth IRA for 2017 Tax Year
Replies: 19
Views: 1197

Re: I Over-contributed to Roth IRA for 2017 Tax Year

I will need to check my tax return. But I suspect I put down $0 for my 2017 roth contribution because when I put in $5500 it said I would have an excess contribution of $5500. I stupidly thought it was due to it already being in the return from my imported vanguard info or that vanguard had reported...
by robertmcd
Thu Nov 01, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: I Over-contributed to Roth IRA for 2017 Tax Year
Replies: 19
Views: 1197

Re: I Over-contributed to Roth IRA for 2017 Tax Year

You need to file an amended return as soon as you can. You might owe additional interest for being past the deadline. Why would he need to do that? Doesn't the overcontribution form (5329) account for any penalties he would owe? Because he filed an erroneous return. He admitted to putting $0 as his...
by robertmcd
Thu Nov 01, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: I Over-contributed to Roth IRA for 2017 Tax Year
Replies: 19
Views: 1197

Re: I Over-contributed to Roth IRA for 2017 Tax Year

I just talked with Vanguard and heard what I thought I would, although there are some interesting strategies I can go with in the correction process. I am re characterizing my 2018 contribution ($5500), and doing the backdoor roth process for it. As of market close yesterday it has lost money so it ...
by robertmcd
Wed Oct 31, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: I Over-contributed to Roth IRA for 2017 Tax Year
Replies: 19
Views: 1197

Re: I Over-contributed to Roth IRA for 2017 Tax Year

I am single. I am going to plan this assuming I will be over the limit as well for 2018, but I won't know for sure until March 2019. But it is very likely. What is my best plan of action then? I am guessing it would be to pull my 2017 contribution and 2018 contribution, then do a backdoor roth for 2...
by robertmcd
Wed Oct 31, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: I Over-contributed to Roth IRA for 2017 Tax Year
Replies: 19
Views: 1197

I Over-contributed to Roth IRA for 2017 Tax Year

I have contributed $5500 for 2016, 2017, and 2018 into my Roth IRA at vanguard so far. My account balance sits at $18,549 today. I got a large amount of income from a trust that pushed my 2017 MAGI to $194,000 so I wasn't eligible to contribute ANY to a Roth IRA (correct me if I am wrong here). My H...
by robertmcd
Wed Oct 31, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Is it okay to use backdoor Roth if ultimately below income limits?
Replies: 20
Views: 1111

Re: Is it okay to use backdoor ROTH if ultimately below income limits?

Okay guys I just realized I messed up and contributed $5500 to my Roth IRA for tax year 2017. I had income from a trust that made my MAGI $194,000. My H&R block tax software said something about me overcontributing when I put in $5500 but I thought it was an issue with Vanguard (since I checked and ...
by robertmcd
Wed Oct 31, 2018 10:42 am
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 56
Views: 5173

Re: You Invest by JP Morgan Chase

Also if you are doing this and have plans to keep it open, you get a free total business checking account with sapphire banking. I will be opening a total business checking for the $200 bonus as well. Just google to find the link where you email yourself the code So I currently am doing the $300 sav...
by robertmcd
Tue Oct 30, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 56
Views: 5173

Re: You Invest by JP Morgan Chase

I am in the process of doing this. There is a $75 transfer fee out if you don't want to liquidate to cash. Vanguard prime money market has a $3000 minimum with no commission. I actually want to use this for the foreseeable future though for the free atm's, free business checking, free wires, free sa...
by robertmcd
Tue Oct 30, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2745

Re: ETF provider State Street unintentionally promotes traditional index funds

Using Vanguard ETF's also allows for easier tax loss harvesting in my taxable account. I can sell VTI and immediately see how much I money to have to buy ITOT. I actually don't see an advantage there. If I'm TLH'ing, and care about the exact dollar amount I'm working with, that is much simpler with...
by robertmcd
Tue Oct 30, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2745

Re: ETF provider State Street unintentionally promotes traditional index funds

Using Vanguard ETF's also allows for easier tax loss harvesting in my taxable account. I can sell VTI and immediately see how much I money to have to buy ITOT. Also I would only want to hold vanguard mutual funds in a taxable account because they benefit from an ETF share class.
by robertmcd
Fri Oct 26, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 480
Views: 45789

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I currently have an open empty Ally savings linked to my vanguard that I used before prime money market's yield went higher. If I want to sell $100k of prime money market and have it get to ally in time, do I need to initiate the trade by the end of the day today? I thought money market funds settl...
by robertmcd
Fri Oct 26, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 480
Views: 45789

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I currently have an open empty Ally savings linked to my vanguard that I used before prime money market's yield went higher. If I want to sell $100k of prime money market and have it get to ally in time, do I need to initiate the trade by the end of the day today? I thought money market funds settle...
by robertmcd
Thu Oct 25, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Is emerging markets investable?
Replies: 51
Views: 2939

Re: Is emerging markets investable?

Personally I think exposure to emerging markets is more important than developed ex-us. They are the countries with favorable demographics and a growing "middle class" who are starting to buy smartphones, use banks, buy cars, etc. Developed markets are all on the decline in my opinion.
by robertmcd
Wed Oct 24, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7981
Views: 1620750

Re: U.S. stocks in freefall

DanMahowny wrote:
Wed Oct 24, 2018 2:07 pm
I'm out until DOW drops to 16,000.

Short-term treasuries are the place to be.
Time to invest in 2 yr treasury futures with 10x leverage.
by robertmcd
Wed Oct 24, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Market buy or limit buy Vanguard ETF?
Replies: 11
Views: 1085

Re: Market buy or limit buy Vanguard ETF?

For those ETF's they have so much volume that the spread is non existent so I would just do a market order so you don't have to keep changing your order if it doesn't execute.
by robertmcd
Thu Oct 18, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: Malkiel no longer endorses blind-folded monkeys, likes smart beta
Replies: 31
Views: 3478

Re: Malkiel no longer endorses blind-folded monkeys, likes smart beta

I fall into the camp that agree that multifactor and smart beta funds have historical evidence of outperformance, but I would make darn sure that if buying in a taxable account that I would be comfortable holding them for up to 70 yrs (I am 24). Also, they need to rebalance daily to maintain factor ...
by robertmcd
Thu Oct 18, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: BofA/Merrill Edge or Chase Sapphire Banking/CPC?
Replies: 59
Views: 6090

Re: BofA/Merrill Edge or Chase Sapphire Banking/CPC?

I would like to transfer 75K of VTI and VXUS to you invest, I have a lot of individual tax lots. Will you invest keep the specific ID and allow me to sell individual lots so I can tax loss harvest effectively?
by robertmcd
Thu Oct 18, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: BofA/Merrill Edge or Chase Sapphire Banking/CPC?
Replies: 59
Views: 6090

Re: BofA/Merrill Edge or Chase Sapphire Banking/CPC?

Is a Sapphire branded card required to spend or cash out the UR points from this checking account bonus? Well, yeah, because, a Sapphire branded card is required to receive the bonus in the first place. A chase Freedom or Freedom Unlimited allows you to get the bonus as well, you just cant transfer...
by robertmcd
Wed Oct 17, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 28
Views: 2366

Re: Transfer VTSAX & VTIAX to Chase You Invest?

The link is a bit down the page. The comment section on doctor of credit posts is usually good for answering questions/concerns about bank & brokerage bonuses.

https://www.doctorofcredit.com/chase-sa ... available/
by robertmcd
Fri Oct 12, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: Bond Market Factors
Replies: 11
Views: 936

Re: Bond Market Factors

I would focus on holding the correct duration bonds based on your equity percentage and age. And like others said stick to investment grade. I prefer treasuries because historical data shows that they create a more efficient portfolio than corporate bonds but total bond market is still a fine choice...
by robertmcd
Fri Oct 12, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 5895

Re: Does Fidelity offer the best index products for a passive investor compared to Vanguard

With all the free ETF trades at Vanguard now it is hard to beat because you can TLH between vanguard ETFs, ishares, schwab, and spdr. Vanguard also has the best money market funds, best municipal and active bond funds, and best multifactor fund in my opinion (VFMF). The other brokerages just stay .0...
by robertmcd
Fri Oct 12, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How A Multi-factor Portfolio Is Constructed Matters
Replies: 5
Views: 508

Re: Larry Swedroe: How A Multi-factor Portfolio Is Constructed Matters

What he is saying is that it is better to own a fund that screens for value and momentum, versus owning a value factor fund and a momentum factor fund separately. A lot of value stocks display negative momentum and a lot of momentum stocks display growth, so you could end up selling a stock in your ...
by robertmcd
Fri Oct 12, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: A Roadmap For The Upcoming US Treasury Bull Market
Replies: 40
Views: 3863

Re: A Roadmap For The Upcoming US Treasury Bull Market

Another article on this that any contrarians may find interesting because it shows how crowded the short 10 yr trade is. I normally don't like zero hedge because it is mostly doom porn, but I do like to read my fair share of bearish articles to remain grounded in reality. https://www.zerohedge.com/n...
by robertmcd
Fri Oct 12, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: A Roadmap For The Upcoming US Treasury Bull Market
Replies: 40
Views: 3863

Re: A Roadmap For The Upcoming US Treasury Bull Market

So far so good. Flight to long term treasuries still taking place with EDV back to green today.
by robertmcd
Thu Oct 11, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: This Time is Different
Replies: 30
Views: 5520

Re: This Time is Different

Robertmcd, that chart doesn't answer my question. Please, if you wouldn't mind: Assuming what you consider to be a credibly bad scenario, by what percent do you expect the value of a holding of a) the Vanguard Total Bond Market Index Fund, or b) the Vanguard Intermediate-Term Treasury fund to fall?...
by robertmcd
Thu Oct 11, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: This Time is Different
Replies: 30
Views: 5520

Re: This Time is Different

...The nuclear bomb this time is the same thing as MBS in 2008 - BONDS, but this time it is not just mortgage bonds but sovereign bonds (which all other bonds are priced off of). In 2008 the banks held all these mortgage bonds that turned out to be worthless and that took them down. This time aroun...
by robertmcd
Thu Oct 11, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 3997

Re: Anyone here major in Economics in college?

My good friend at UT austin majored in economics. My friends in finance at Mccombs school of business looked down upon that major. Worked for DFA in Austin for 2 years and did the CFA. He is now doing energy investment banking and doing quite well I am sure.
by robertmcd
Thu Oct 11, 2018 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits up 2.8% in 2019
Replies: 21
Views: 3018

Re: Social Security benefits up 2.8% in 2019

Social security benefits are indexed to inflation. Thus I assume a 2.8% increase is actually a zero increase in "real terms". "Look forward to" is misleading, unless your expenses are inflating at below the index level. Many retiree's inflation is less than the CPI. Mine has been much less than the...
by robertmcd
Thu Oct 11, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: This Time is Different
Replies: 30
Views: 5520

Re: This Time is Different

There’s a fairly easy way to avoid credit risk from corporate and ex-US bonds: don’t own any. Yes, but it does not mean that the contagion will not spread to US equities. European banks stocks have been getting hammered due to their exposure to USD denominated emerging markets debt that these count...
by robertmcd
Thu Oct 11, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: This Time is Different
Replies: 30
Views: 5520

Re: This Time is Different

rising home prices and financial innovation are strong indicators of a bubble OK, but most of the time home prices are rising and someone is selling some financial innovation, so... And in both cases, the rise in housing prices has been tepid by historical norms and in fact only reverting to histor...
by robertmcd
Thu Oct 11, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: A Roadmap For The Upcoming US Treasury Bull Market
Replies: 40
Views: 3863

Re: A Roadmap For The Upcoming US Treasury Bull Market

Interesting, may I ask what culture?

Also what percent of assets does it make up?
by robertmcd
Thu Oct 11, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: A Roadmap For The Upcoming US Treasury Bull Market
Replies: 40
Views: 3863

Re: A Roadmap For The Upcoming US Treasury Bull Market

I agree that cash and gold would be the only safe havens in the event of asset repricing like that. I would only want to own physical though. In the event gold actually reprices to these fiat currencies, the retail crowd will not get anything for their shares of IAU and GLD. robertmcd, I am prepare...