Search found 214 matches

by sc9182
Mon Dec 03, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 227387

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Since I'm early retired, and currently laying around waiting for a fractured femur to heal, these xfer bonuses have caught my attention. I recently did the Ally bonus and parked $100k there in a no-penalty 2.1% CD. Nice $1000 bonus for losing ~ 75 days of liquidity. Now I'm considering harvesting s...
by sc9182
Sun Dec 02, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 227387

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Since I'm early retired, and currently laying around waiting for a fractured femur to heal, these xfer bonuses have caught my attention. I recently did the Ally bonus and parked $100k there in a no-penalty 2.1% CD. Nice $1000 bonus for losing ~ 75 days of liquidity. Now I'm considering harvesting s...
by sc9182
Mon Nov 19, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: Interview with Fidelity's Abigail Johnson
Replies: 28
Views: 3564

Re: Interview with Fidelity's Abigail Johnson

Fidelity is a for-profit company, with Abby and her father as the dominant shareholders. The combined networth of the Johnson family is nearly $30 billion. Of course she wants people to use actively managed funds and pay for advice. She's in this to make money. Vanguard on the other hand is non-pro...
by sc9182
Thu Oct 25, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth compared to Medicare earnings
Replies: 16
Views: 1584

Re: Net worth compared to Medicare earnings

Many of PreTax cafeteria Section 125 deductions are Pre-Tax, exempt from SS taxes, including employer-provided education assistance upto certain $ amount. Some are exempt from Medicare wages as well.
https://finance.zacks.com/pretax-deduct ... -3522.html
by sc9182
Tue Oct 09, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21659

Re: Talk me out of buying a Tesla Model 3

I am a "car guy" (go back to a 1962 Porsche 356), retired with all the assets I need, and also trying to decide about the 3, I will forego the financial aspects and share my thinking. 1) My own inclination is for the Long Range, RWD model. Tesla now tells me that I can get it in "less than 4 weeks"...
by sc9182
Tue Oct 09, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21659

Re: Talk me out of buying a Tesla Model 3

Retirement/FIRE goals are very important, but don't aspire to have fun only when you turn old/fragile. With stable job/career, given where you are financially, and the discipline you exercise., Tesla may be within your range. If you are over 6' 2" or heavyset frame., Tesla Model3 might feel a tad sn...
by sc9182
Thu Sep 27, 2018 9:00 pm
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 56
Views: 5074

Re: Should I bother meeting with a Chase Private Client Rep

If you are hooked up with good private banker + mortgage manager, ideally, in person., they can bat for un-published rates. We've had luck for Private Banking mortgage rep to help Chase beat best elsewhere rate avail to us, and also minimize closing costs. They could do this on jumbo I/O product (25...
by sc9182
Thu Sep 27, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10855

Re: SEC charges Musk with Fraud!!!

Imagine if Mary Barra tweeted "Taking GM off the market, funding secured." The world would shut down overnight. Perhaps this is the nail in the coffin for Tesla? GM did go bankrupt (and bailout too?, fogot) last decade, even without Mary Barra's tweets, it prolly had deeper problems such as wrong/b...
by sc9182
Tue Sep 25, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7694

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

That example would apply only to a small share of high networth people. The top tax rate starts at a much lower figure for single people. As couples age, few die simultaneously. So the survivor will pay at the single rate, perhaps for decades. The percent of total assets required to be withdrawn go...
by sc9182
Sat Sep 22, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3008

Re: Zero-ER Fidelity Funds

I apologize if you do not see value in my challenging the assumption that a financial firm would try and take advantage of its clients. Most of zero cost or low cost popular passive index products been doing just fine. Don't see merit to your point. My point is that just because Fidelity calls it a...
by sc9182
Sat Sep 22, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3008

Re: Fidelity zero ER funds closed?

Buy order just went fine. Did buy from Fidelity brokerage account. No problems.
by sc9182
Sat Sep 22, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 3008

Re: Zero-ER Fidelity Funds

I could buy/execute-order just fine, no problems. I did order thru Fidelity brokerage, as this was a requirement. I keep trying to buy FZILX and the Fido site says both it and FZROX are closed to new investors. Does anyone know anything about this? -- regarding other noise in this thread -- Moshe: n...
by sc9182
Thu Sep 20, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8873

Re: Physical Banking - Any benefits anymore?

We bring fresh/newer $1 coins most look like gold color -- attach/affix'em (with a small piece of self-adhesive tape) over top of Gift Envelop we present to kids, or hosts when we go for parties and such. ** This shiny gold-looking dollar decoration looks compelling and very noticeable. Especially i...
by sc9182
Wed Sep 19, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 3017

Re: Moving to Dallas, how to establish residency

In addition to earlier commenters suggestions: Change employer/paycheck addresd. Utility, check-book, change DL to new state, credit card addresses, @ SS office request address change, remove primay/homestead or sell/rent-away home from old state. Car registrations and insurance change to new state/...
by sc9182
Wed Sep 19, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3722

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

There have been threads about how large some Vanguard funds have grown, and what if there is room for cutting it down further. Vanguard may be able to marginally lower some of their ER's by finding new efficiencies. But they are at a disadvantage compared to Fidelity because all of Vanguard's funds...
by sc9182
Tue Sep 18, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5894

Re: Can I really retire? Please check my math and poke holes.

.. We'll still have DW's pension of about $328k/month My projected SS at 70 is about $3300/month Hang tight to your wife, you got the best one on BH with $328k/month pension ! Many be happy to dig a mere 5k-10k/month spousal pension and be dandy! A $328k/month is serious coin! Shoot me, leave off t...
by sc9182
Tue Sep 18, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5894

Re: Can I really retire? Please check my math and poke holes.

dknightd wrote:
Tue Sep 18, 2018 7:23 pm
..
We'll still have DW's pension of about $328k/month
My projected SS at 70 is about $3300/month
Hang tight to your wife, you got the best one on BH with $328k/month pension! Many be happy to dig a mere 5k-10k/month spousal pension and be dandy! A $328k/month is serious coin!
by sc9182
Tue Sep 18, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3722

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

As I've mentioned at least twice before, Vanguard, I believe, will lower ERs eventually. They don't have to match Fido's zero ERs. All then need to do is lower them a bit (I don't know what "a bit" would be, but a 25%-66% reduction for many of their ETFs/Mutual Funds would be a good start!) There's...
by sc9182
Sat Sep 15, 2018 5:22 pm
Forum: Personal Consumer Issues
Topic: Any reasons to not put money down for a Tesla Model 3?
Replies: 62
Views: 5273

Re: Any reasons to not put money down for a Tesla Model 3?

Sounds like that dude got all bad problems in one car. Did he/she not check any of those prior to delivery/handing-over-the-check time? If he/she slept during delivery time, sorry about that. Taken deliveries of many a Lexuses, MBs, Porsches, and including Model3. Its all good! Seems to be that the ...
by sc9182
Thu Sep 13, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Buying a house 1 mile away from a municipal landfill
Replies: 43
Views: 3566

Re: Buying a house 1 mile away from a municipal landfill

If you work at/near the dump, your home location may be golden. The short commute, minimal odor compared to work.

Depends. The pretty golf course or that undulating city park may once been a dump, check that out!
by sc9182
Wed Sep 12, 2018 5:30 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3722

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

$1 billion is all that they've gotten? Vanguard's Total Stock Index and Total International index funds have combined assets of $1.1 trillion . It doesn't seem that investors are leaving Vanguard in droves yet at least. In the past few years, every brokerage except Vanguard, had mosly outflows. Fid...
by sc9182
Fri Sep 07, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 227387

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Isn't it 1 year before you can request again? If your original commitment is only for 6 months (not talking when bonus paid out, but how long you are supposed to keep those funds in account), you may get better chance of of transfer than retention bonus. Do check it out and let us know! Many usual/l...
by sc9182
Wed Sep 05, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Bank of America - Credit Card balance - online Payment now requires Bank of America Account ?
Replies: 2
Views: 385

Re: Bank of America - Credit Card balance - online Payment now requires Bank of America Account ?

I just went into my 3 BoA credit cards. Each one has a payment option from DCU (my credit union). I don't have a BoA bank account and never will. Jack - thanks for checking, logged-out, opened a new Private/InCognito window, new session altogether, now it appears to have fixed what I've observed ea...
by sc9182
Wed Sep 05, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Bank of America - Credit Card balance - online Payment now requires Bank of America Account ?
Replies: 2
Views: 385

Bank of America - Credit Card balance - online Payment now requires Bank of America Account ?

Something changed recently ? Until recently, we were able to pay from outside bank account to Bank Of America (BoA) credit Card directly. Never needed BoA account (checking/savings/MM etc) to pay credit-card online, and we could pay from our outside bank. Today something changed (may be at the begin...
by sc9182
Thu Aug 30, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Term Life Insurance?
Replies: 17
Views: 1555

Re: Do I need Term Life Insurance?

Social security Survivor benefits, if (mostly) eligible, for spouse and minor kids going to be fairly large amount(s).
by sc9182
Thu Aug 30, 2018 4:02 pm
Forum: Investing - Theory, News & General
Topic: Interesting Chart shows all the "crash calls" made by gurus since 2012
Replies: 9
Views: 1234

Re: Interesting Chart shows all the "crash calls" made by gurus since 2012

RadAudit wrote:
Thu Aug 30, 2018 1:39 pm
niceguy7376 wrote:
Thu Aug 30, 2018 1:23 pm
Need to research what makes a "guru"
In the days of old, an expert was a guy with a briefcase 50 miles from home.

Today, it's a web-site.
Or heads of one those 10000 or so hedge funds (whats the latest count?).
by sc9182
Thu Aug 30, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3830

Re: Can margin be beneficial for long-term investing?

hithere wrote:
Thu Aug 30, 2018 1:09 pm
acegolfer wrote:
Thu Aug 30, 2018 12:43 pm
I didn't see this information in OP
I'm not from the US, and I've got all my money in a single brokerage account, so your initial calculation is quite relevant.
So, you are getting TBills rate (or there about) on Margin !?
by sc9182
Thu Aug 30, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8467
Views: 1664058

Re: U.S. stocks in freefall

Even non-working clock will show correct time, twice in a day. Now, this thread is waiting for its turn, for the past how many years !? We had a technical "correction" (loss of >10%) just earlier this year , 27-Jan to 08-Feb , how big of a drop do you want for this thread to be right? Would it be f...
by sc9182
Thu Aug 30, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5701

Re: Planning for an Indian wedding In NY/ NH area.

It might be a reasonable expectation to follow all these cultural expectations for the wedding if one were also following the cultural expectation that the culturally appropriate people (bride's parents) were paying for it. Personally, I would feel no such pressure to follow tradition if I were bei...
by sc9182
Thu Aug 30, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3830

Re: Can margin be beneficial for long-term investing?

I'm still waiting for someone to run the numbers and tell me how far the market needs to fall on 117% margin to have a margin call :D 1. If margin (= equity / market value of investment) < MMR (maintenance margin requirement, which is set by brokerage), then one gets a margin call. 2. In your 117% ...
by sc9182
Thu Aug 30, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8467
Views: 1664058

Re: U.S. stocks in freefall

Even non-working clock will show correct time, twice in a day. Now, this thread is waiting for its turn, for the past how many years !?
by sc9182
Thu Aug 30, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3396

Re: high RMD withdraw from 401k question

This to me sounds like - got lots of income (pension and/or delayed-SS), rather than whether to do RMD's. RMDs are inevitable, all you can do is reduce pre-tax portfolio size up until your next favorable tax bracket. If you are already in such large tax bracket due to double-large pensions, you are ...
by sc9182
Thu Aug 30, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 397
Views: 44747

Re: U.S. stocks continue to soar!

Guess not much traction on this thread today - where as the competing "free fall" thread been going pretty strong !
by sc9182
Thu Aug 30, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: # of accounts vs wealth perception
Replies: 14
Views: 1621

Re: # of accounts vs wealth perception

Not a bad thinking, chances are your work place 401k choices are fairly non-aggressive types. Consider thats your 'safer' investments, while you could be tilted slightly aggressive in Brokerage account(s), so you can get the risk to normal market (or slightly above-market) levels - hoping for better...
by sc9182
Thu Aug 30, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3830

Re: Can margin be beneficial for long-term investing?

It is trivial to borrow at 1.5% over T-Bill rates; I guess reasonable people can disagree about whether that "approaches" it or not. How big does a flash crash need to be with 17% margin to trigger a margin call? All about risk 'self-containment', helps sleep tight! Keep such leveraged investment m...
by sc9182
Thu Aug 30, 2018 6:14 am
Forum: Investing - Theory, News & General
Topic: Can margin be beneficial for long-term investing?
Replies: 61
Views: 3830

Re: Can margin be beneficial for long-term investing?

Your margin rates are hard to approach T Bills rate. Also, flash crashes etc could burn you with margin call or trigger automated selling of unwitting positions in your portfolio. How about considering broad based sp500 Leveraged index etf such as - SSO ? to bring you that extra 17% leverage you may...
by sc9182
Wed Aug 29, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: Expense ratios and fees - Fidelity and flip flopping advice
Replies: 61
Views: 4510

Re: Expense ratios and fees - Fidelity and flip flopping advice

um why didnt you move all your IRA there? Do you have IPS, Asset allocation and such? Why rush !? :-) Over the years you may end up having 6-7 accounts, as not all accounts may allow consolidation. If you have 2k left in HSA or 1k left in Roth IRA etc, or if you are early in your investment path, g...
by sc9182
Wed Aug 29, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Expense ratios and fees - Fidelity and flip flopping advice
Replies: 61
Views: 4510

Re: Expense ratios and fees - Fidelity and flip flopping advice

if you are building new (or smaller) positions, its prolly good. If you are sitting on 100k sone-other fund with 60% cap gains., may not be worth selling other fund, incur cap gain taxes to move into these Fidelity ZERO funds.
by sc9182
Tue Aug 28, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 August - Dollar Cost Averaging vs LumpSum of 420k
Replies: 42
Views: 3159

Re: 2018 August - Dollar Cost Averaging vs LumpSum of 420k

Over loong periods invested money will grow, since you are 36, you may have a while to go. The main problem wirh lumpsum is, right after your investment, market decides to take a breather. And your $$ down will be lot higher. Hence, some peace of mind with DCA. if you got long horizon, lumpsum not a...
by sc9182
Tue Aug 28, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Planning for an Indian wedding In NY/ NH area.
Replies: 96
Views: 5701

Re: Planning for an Indian wedding In NY/ NH area.

Almost sounds like there is friction/gap there, and how come your parents are not in the loop, may be they should take their part in these discussions. Doesn't sound like one of those fully arranged marriages, is it? If it is, either the parents are bit lower-middle class, or that the bride is 7th k...
by sc9182
Tue Aug 28, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds
Replies: 59
Views: 7921

Re: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds

I took the plunge today! I have placed orders for $1.00 of FZROX (Total Market Index) and $1.00 of FXILX (International Index). Let the good times roll! Broken Man 1999 What do you hope to accomplish by buying $1 of each fund? Its prolly a way to get-in before they (if) raise the minimums. If you a...
by sc9182
Tue Aug 28, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: ARM Mortgage resetting - what would you do?
Replies: 19
Views: 1254

Re: ARM Mortgage resetting - what would you do?

Your mortgage balance is non-trivial amount (unless you got a doc job or plenty of assets as backstop if ARM rates goes crazy (not only at this reset but also after 5 more years). Based on current reset rate, very little arbitrage for the ARM risk. its better to go with 30-year fixed. Seems No brain...
by sc9182
Tue Aug 28, 2018 7:01 am
Forum: Investing - Theory, News & General
Topic: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!
Replies: 20
Views: 2227

Re: An idea for Bogleheads with kids: The Fidelity Zero-Fund Piggy Bank!

First - good idear OP! One of the better way to utilize zero/low minimum account balance investing feature. Hope other houses offer similar products! Love the competition! As a kid I knew how much $ was in my piggy bank. I loved seeing money earn interest in the bank. I would have been horrified to ...
by sc9182
Sun Aug 26, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 227387

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I just want to say that I have terrible luck with transfers between custodians, specifically with the cost basis in taxable brokerage accounts. Ideally you may consider moving IRA/ROLLOVER-IRA type tax deferred/protected assets. Better yet, get Retention bonus (annually) for NOT jumping the boat. B...
by sc9182
Sun Aug 26, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Duplicate Funds Now That There Are No Minimums
Replies: 33
Views: 2637

Re: Fidelity Duplicate Funds Now That There Are No Minimums

Fidelity said the existing share classes will merge into one in November. Yep, the fund consolidation was highlighted in this document by Fidelity: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/press-release/Fidelity-Redefines-Investing.pdf Good find, thanks. Nice thing with ze...
by sc9182
Sun Aug 26, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 15353

Re: The Fall of Consumer Reports

What is interesting is to read the Consumer Reports online reports for a specific product (say a lawnmower) ; and then immediately read some of the CR "User Reviews" for the same product on their website ......quite a lot of "disconnects" where CR loves the item; and real buyers find endless proble...
by sc9182
Sat Aug 25, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Best Class 4 Asphalt Shingle for Hail
Replies: 8
Views: 890

Re: Best Class 4 Asphalt Shingle for Hail

No idea. But if you are in hail-prone area, are you expecting to have some 'discount' from insurer because of hail-resistant shingles ? Previously, somebody mentioned that they got a decent 10-12% discount on premium for having hail-resistant shingles, but the gotcha is: if hail occurs and damaged t...
by sc9182
Sat Aug 25, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds
Replies: 59
Views: 7921

Re: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds

There is a recent update on MoneyGuy show by Brian Preston on these Funds/choices. Brian has good episodes, has one recent episode on this topic: https://www.moneyguy.com/videos/ (Direct linky for the episode of interest: https://www.youtube.com/watch?v=yn1OOFffBkI ) I think the competition is good ...
by sc9182
Mon Aug 20, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78494

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Hi: From ETF.com. Elizabeth Kasner, Are Fidelity’s Free Funds Really Free? , August 18, 2018. .. Thinking there is some guesswork on part of the author regarding possible capital gains. Also, this article seems only talking about one side of coin. Author totally missed the Interplay aspect between ...