Search found 1163 matches

by SlowMovingInvestor
Wed Apr 17, 2019 8:31 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you play credit card bonus games?
Replies: 83
Views: 5242

Re: After financial independence, do you play credit card bonus games?

Why wait until financial independence? I was wondering if people with financial independence might no longer be interested in such small amounts of money. The way we do it (using awards to purchase premium business or first class international airline tickets), we certainly do not consider it "such...
by SlowMovingInvestor
Wed Apr 17, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665316

Re: What's Your Credit Card Rewards Strategy?

confusedinvestor wrote:
Wed Apr 17, 2019 12:56 am
What is the best way to request waiver of Credit Card annual fees ?

eg Bank of America Premium Rewards CC annual fees of $100
Threaten to cancel when renewal comes up. Unless you're a really big user, I doubt you'll get a waiver these days, but you might get a lagniappe.
by SlowMovingInvestor
Fri Apr 12, 2019 1:51 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 39
Views: 3556

Re: Chase YouInvest cost basis method

Regarding the cash sweep position, this reserve provides 0.03% for taxable and retirement accounts :annoyed . From what I know, Vanguard offers 2.01% and Fidelity at 2.09% (2.13% for IRA). But, if you let them manage your investments for you they will give you 2.25%? This pushes investors to not ha...
by SlowMovingInvestor
Wed Apr 10, 2019 5:41 pm
Forum: Personal Investments
Topic: Edward Jones CDs
Replies: 17
Views: 2202

Re: Edward Jones CDs

If you buy CDs through EJ, do they still have their % of assets fee on those balances ? I would hope not ...
by SlowMovingInvestor
Wed Apr 10, 2019 11:02 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For a few reasons in addition to capturing a transfer bonus, I just started a transfer of a portion of my fidelity ira to merrill edge. The money at fidelity was in a zero mutual fund, so I first sold this to cash and then bought ITOT etf to make the transfer. Because of this, the money was in cash...
by SlowMovingInvestor
Tue Apr 09, 2019 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665316

Re: What's Your Credit Card Rewards Strategy?

What I meant is that right now UA awards price cheaper than awards on other carrier's metal. But that may not hold in the future if UA has dynamic award pricing. Suppose UA's dynamic award for a flight is 105K, would it allow booking (say) a Lufthansa award for 75K on that same route ? Isn't that a...
by SlowMovingInvestor
Tue Apr 09, 2019 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665316

Re: What's Your Credit Card Rewards Strategy?

But rates for foreign carriers aren't changing, right ? So either UA won't show award availability on say Lufthansa in the future or will up foreign carrier rates too. They aren’t changing for now. What I meant is that right now UA awards price cheaper than awards on other carrier's metal. But that...
by SlowMovingInvestor
Tue Apr 09, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665316

Re: What's Your Credit Card Rewards Strategy?

But for business class awards I expect this change to be devastating. And those are what I am generally shopping for. As a west coaster, there are no 6-7 hr coach trips to Europe, everything is 10-11 painful hrs :( But rates for foreign carriers aren't changing, right ? So either UA won't show awar...
by SlowMovingInvestor
Mon Apr 08, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help - Discrepancy on amount owed; Need to file for extension
Replies: 19
Views: 1160

Re: Tax help - Discrepancy on amount owed; Need to file for extension

Form 4868 is to file an extension, but guess what? You don't even have to send it in nor e-file, so don't get trapped into paying TurboTax or anyone even a postage stamp to file an extension. Not to hijack the thread but -- What if you just pay a nominal amount of $1 or even 1c ? You get an extensi...
by SlowMovingInvestor
Mon Apr 08, 2019 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help - Discrepancy on amount owed; Need to file for extension
Replies: 19
Views: 1160

Re: Tax help - Discrepancy on amount owed; Need to file for extension

Form 4868 is to file an extension, but guess what? You don't even have to send it in nor e-file, so don't get trapped into paying TurboTax or anyone even a postage stamp to file an extension. Not to hijack the thread but -- What if you just pay a nominal amount of $1 or even 1c ? You get an extensi...
by SlowMovingInvestor
Sun Apr 07, 2019 5:50 am
Forum: Investing - Theory, News & General
Topic: Chase YouInvest mutual funds list no longer exists
Replies: 1
Views: 363

Re: Chase YouInvest mutual funds list no longer exists

More likely to be just a mistake on the web site.
by SlowMovingInvestor
Fri Apr 05, 2019 9:17 pm
Forum: Investing - Theory, News & General
Topic: Why have Stoneridge Reinsurance failed to have "equity like returns"?
Replies: 37
Views: 2614

Re: Why have Stoneridge Reinsurance failed to have "equity like returns"?

Possibly silly question - would buying stock in a reinsurance company (even Berkshire Hathaway, although it has several other divisions) give you some of the same coverage at a lowerr cost than the Reinsurance fund ?
by SlowMovingInvestor
Fri Apr 05, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665316

Re: What's Your Credit Card Rewards Strategy?

If you can get the 100,000 MR American Express Platinum offer via Cardmatch, I would grab that. If Barclays approves you for the Arrival+, you should be eligible again, they are just a bear to get an approval from. Currently a 70,000 point offer, which is the best ever. But Barclays is non-transfer...
by SlowMovingInvestor
Fri Apr 05, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: K-1s and UBTI in IRAs
Replies: 4
Views: 357

Re: K-1s and UBTI in IRAs

I found this too https://s3.amazonaws.com/Training-Webinars/UBIT+Professional/Reports+and+Guides/ET_Decoding+UBTI+Within+an+IRA01.pdf Only one deduction under Section 512(b)(12) is allowed in computing an IRA’s UBTI, regardless of the number of unrelated businesses in which it is engaged (See Rev. R...
by SlowMovingInvestor
Thu Apr 04, 2019 7:19 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 39
Views: 3556

Re: Chase YouInvest cost basis method

Regarding the cash sweep position, this reserve provides 0.03% for taxable and retirement accounts :annoyed . From what I know, Vanguard offers 2.01% and Fidelity at 2.09% (2.13% for IRA). But, if you let them manage your investments for you they will give you 2.25%? This pushes investors to not ha...
by SlowMovingInvestor
Thu Apr 04, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665316

Re: What's Your Credit Card Rewards Strategy?

Question: I now have a chase trifecta, and around 140,000 points. Is it better to redeem these through the Chase Travel Portal, or to transfer to United and redeem there? For biz class travel, especially international biz class, definitely transfer and buy. ADDED: But yes, wait to transfer till you...
by SlowMovingInvestor
Thu Apr 04, 2019 9:00 am
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2309

Re: Best new brokerage account bonuses- Offer Vanguard??

Here is one observation that should give us all pause. If the consumer really comes out ahead on average on these bonuses, they would disappear. That tells me that the average bonus taker is still ending up putting more cash in the brokerage's account than in their own pocket therefore you have to ...
by SlowMovingInvestor
Thu Apr 04, 2019 8:32 am
Forum: Personal Investments
Topic: Best new brokerage account bonuses- Offer Vanguard??
Replies: 29
Views: 2309

Re: Best new brokerage account bonuses- Offer Vanguard??

You can get VUSXX transaction free at Chase You Invest. They have a good offering of 60K UR points for just 75K, but their cash bonuses are on the low side.
by SlowMovingInvestor
Wed Apr 03, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3565
Views: 665316

Re: What's Your Credit Card Rewards Strategy?

So I’m back to use British Airways credit card rewards as a hedging strategy. Originally I was thinking of ditching it, except VOW airline went bankrupt, Norwegian Air could be in trouble too, so I might as well use this card to get first class tickets on British Airways. It does seem like first cl...
by SlowMovingInvestor
Wed Apr 03, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Delta skymiles Amex gold
Replies: 21
Views: 1391

Re: Delta skymiles Amex gold

Has anyone had any luck using Delta miles for international biz class (primarily to Europe, but also Asia) ? I find availability limited, very high mileage (100K+) most of the time. But I think one point in favor of taking this deal is that Amex might resurrect the once in a lifetime language for th...
by SlowMovingInvestor
Wed Apr 03, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Delta skymiles Amex gold
Replies: 21
Views: 1391

Re: Delta skymiles Amex gold

I like to use miles for international biz class, but my experience on my travel routes has been that Delta has the worst redemption rates and availability.

They do have some good partners like Virgin Atlantic, KLM/Air France etc., but availability seems to be very limited.
by SlowMovingInvestor
Mon Apr 01, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Homesite Insurance
Replies: 10
Views: 917

Re: Homesite Insurance

Homesite is owned by American Family, which is rated A (Excellent) by AM Best: https://newsroom.amfam.com/am-best-affirms-american-familys-a-excellent-financial-strength-rating/ American Family has a reputation for poor service. It placed 19th out of 22 companies in the J.D. Power property claims s...
by SlowMovingInvestor
Mon Apr 01, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

a few questions for those with an Edge Account: 1) Can you buy T-bills and what is the cost? I am coming from Vanguard so I am used to free :) That is a negative for Merrill. I could not find a way to order Tbills at auction through their website. I called and they said it had to be ordered through...
by SlowMovingInvestor
Mon Apr 01, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

You Invest Cash bonus

$625 for $250K+, but IRAs are allowed, so you can transfer an IRA over without worrying about cost basis. Not as good as some other deals.

https://accounts.chase.com/consumer/inv ... me_3/trip1
by SlowMovingInvestor
Mon Apr 01, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: K-1s and UBTI in IRAs
Replies: 4
Views: 357

K-1s and UBTI in IRAs

If I have some MLPs in IRAs that send K-1s at tax time, I know that if UBTI > $1000, a 990-T has to be filed by the IRA

My question: Does UBTI have to be aggregated across all IRAs of a particular type (say all traditional IRAs) to see if UBTI reaches $1000, or should it be done on a per IRA basis ?
by SlowMovingInvestor
Mon Apr 01, 2019 9:05 am
Forum: Personal Investments
Topic: Depositing Settlement Check
Replies: 3
Views: 898

Re: Depositing Settlement Check

I received a $1300 settlement check payable to me and my IRA custodian in 2018. TDA had a form with a specific code that identified this as some type of adjustment, and not a contribution. It did not generate a 1099 for TY2018. To follow up, the brokerage suggested I deposit it coded as a rollover/...
by SlowMovingInvestor
Sun Mar 31, 2019 8:38 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2466

Re: How ETFs use "Heartbeats" to wash-out gains

I disagree, if VTI has 1000 shares of BRK.B to get rid of and needs 10,000 shares of Apple and UBS is willing to be on the other side of that trade, what is sinister about that? There are private transactions all the time between institutional participants in the market all the time?... Here is jus...
by SlowMovingInvestor
Sun Mar 31, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2466

Re: How ETFs use "Heartbeats" to wash-out gains

Other than the fact that it’s [legal, loophole-enabled] tax evasion, nothing sinister at all... Performing a legal activity is by definition NOT tax evasion. Evasion is a strong term, but 'tax avoidance via a sham transaction' strikes me as a reasonably way to describe this action when there isn't ...
by SlowMovingInvestor
Sun Mar 31, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Homesite Insurance
Replies: 10
Views: 917

Homesite Insurance

In my state, GEICO acts as an agent for Homesite Insurance. I get a slightly better rate (maybe around $100-$150) for homeowners insurance when I quote through GEICO (also have other insurance with GEICO) than with my current carrier ( an A++ top carrier). I have seen comments about Homesite on prev...
by SlowMovingInvestor
Sat Mar 30, 2019 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 51
Views: 5643

Re: Primer on Paying Taxes With a Credit Card

whodidntante...Great post! I use my Fidelity Visa card and get 2% of my balance dumped into my Roth. And yes, I try to time the payment with a bonus offer, so that dumps even a little more into the Roth. But that should count as a contribution, even if Fidelity doesn't report it as one. After all, ...
by SlowMovingInvestor
Fri Mar 29, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card to get after using up bonus offers due to 5/24 rule?
Replies: 45
Views: 2403

Re: Credit card to get after using up bonus offers due to 5/24 rule?

I think the chase cards are good, but overrated. BoA has been more lucrative for me, especially for everyday spending. AmEx has good bonuses and generous 0% apr periods, and generous credit limits in my experience. They are not overrated if you utilize the points towards travel. If you don't, then ...
by SlowMovingInvestor
Fri Mar 29, 2019 7:06 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2466

Re: Heartbeats - The ETF Tax Dodge

The short story here is the appreciated securities are transferred without creating a taxable event. SO, the benefactor eventually pays taxes when they sell but they don’t pay along the way (ie during the transfer). I don't think so. The gains are washed out when the 'benefactor' gets the shares. I...
by SlowMovingInvestor
Fri Mar 29, 2019 6:55 pm
Forum: Investing - Theory, News & General
Topic: How ETFs use "Heartbeats" to wash-out gains
Replies: 39
Views: 2466

Re: Heartbeats - The ETF Tax Dodge

I haven't read the whole article, but this sounds like they are talking about the well-known redemption mechanism where an ETF gives appreciated stock to an AP. Why is that a tax dodge? No, this is different. I still haven’t figured out how banks shed the gain, though. I think what they're saying i...
by SlowMovingInvestor
Thu Mar 28, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I realize it's asking a lot at this point, but look through this epic thread. IIRC, Merrill denies bonuses if you've had a bonus in the last year, and they deny bonuses if you churn assets (meaning you transfer in the same securities you transferred out). Both are different than what you described....
by SlowMovingInvestor
Thu Mar 28, 2019 5:09 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I know Fido does a lookback period and checks across all individual accounts. Mind sharing more about this? Did you experience it yourself? Did an agent explicitly note this? They had a page that showed me progress I was making in reaching my transfer goal. It did have a lookback period (not sure h...
by SlowMovingInvestor
Thu Mar 28, 2019 5:04 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

it's easy to get $700 - $800 worth of miles by opening credit cards, it's tax free and also easier. So for me for a brokerage bonus to worth it, it should be at least $1000. Especially considering half of it will go to the tax man. So far, i only did the TD A one since it was a good bonus for a low...
by SlowMovingInvestor
Thu Mar 28, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I know Fido does a lookback period and checks across all individual accounts. Mind sharing more about this? Did you experience it yourself? Did an agent explicitly note this? They had a page that showed me progress I was making in reaching my transfer goal. It did have a lookback period (not sure h...
by SlowMovingInvestor
Thu Mar 28, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1682
Views: 263444

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Does anyone know if Merill does any sort of lookback period when computing balance transfer for bonus ? I.e. if you had moved out 100K a month ago (and maybe not even from that account, but from another ME account of a different type), and them move 250K in, is it counted as 250K or 250-100 = 150K ?...
by SlowMovingInvestor
Wed Mar 27, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Switching from reseller to Sprint
Replies: 16
Views: 575

Re: Switching from reseller to Sprint

Sprint is offering 1 year of service for free: https://www.sprint.com/en/shop/offers/free-unlimited.html The BYOD deal can only be done by calling, not in store. And it can only be done by porting in a number from outside of Sprint, not a new number. You need to port your number to another MVNO, an...
by SlowMovingInvestor
Wed Mar 27, 2019 11:06 am
Forum: Non-US Investing
Topic: Indian withdrawing from Roth IRA- tax
Replies: 19
Views: 1918

Re: Indian withdrawing form Roth IRA- tax

Extrapolating from here to the US/India tax treaty is perhaps dodgy, but unfortunately that treaty is less precise than the UK one, not least because it is older. Anyway, Article 20 states: 1. Any pension, other than a pension referred to in Article 19 (Remuneration and Pensions in Respect of Gover...
by SlowMovingInvestor
Wed Mar 27, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Switching from reseller to Sprint
Replies: 16
Views: 575

Re: Switching from reseller to Sprint

Turbo29 wrote:
Wed Mar 27, 2019 10:19 am
I had a Sprint MVNO a few years ago, walked into a Sprint store and had my number ported to Sprint. Not a problem at all.
Thanks ! Were you able to get any signup deal that Sprint had going then ?

I think they have a 1 free year deal now, but I'm more interested in their 20K AA miles deal.
by SlowMovingInvestor
Wed Mar 27, 2019 10:13 am
Forum: Non-US Investing
Topic: Indian withdrawing from Roth IRA- tax
Replies: 19
Views: 1918

Re: Indian withdrawing form Roth IRA- tax

Just to be clear IRAs are not pensions, and not annuities (although they can hold annuities).
by SlowMovingInvestor
Wed Mar 27, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Switching from reseller to Sprint
Replies: 16
Views: 575

Re: Switching from reseller to Sprint

Jags4186 wrote:
Wed Mar 27, 2019 6:33 am
Sorry if I wasn’t clear. You cannot port a number from an MVNO to the MNO it is operating on.
Is this a technical limitation of the porting process, or just something that carriers (or maybe just Sprint) don't do for policy reasons ?
by SlowMovingInvestor
Wed Mar 27, 2019 7:39 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 4639

Re: 17 out of 18 American Funds have beaten the index

I am not sure there is much suriviorship bias with American Funds, since I don't think they close or merge funds often.

Other than that, I agree with WCI.
by SlowMovingInvestor
Wed Mar 27, 2019 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Switching from reseller to Sprint
Replies: 16
Views: 575

Re: Switching from reseller to Sprint

I currently have a wireless account with a Sprint MVNO (and it's a real MVNO, not just a Sprint brand) and want to switch to Sprint proper for various reasons. When I try and do it online, I'm told that the device is already registered with Sprint. I'm guessing they're checking their device id data...
by SlowMovingInvestor
Wed Mar 27, 2019 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Switching from reseller to Sprint
Replies: 16
Views: 575

Re: Switching from reseller to Sprint

furwut wrote:
Wed Mar 27, 2019 6:02 am
Have you tried this:
https://www.sprint.com/en/shop/bring-yo ... print.html
That is the site that tells me I have service with Sprint. My guess is they check the device ID in their device ID database and don't check whether it's a customer of theirs or that of a reseller.
by SlowMovingInvestor
Wed Mar 27, 2019 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Switching from reseller to Sprint
Replies: 16
Views: 575

Switching from reseller to Sprint

I currently have a wireless account with a Sprint MVNO (and it's a real MVNO, not just a Sprint brand) and want to switch to Sprint proper for various reasons. When I try and do it online, I'm told that the device is already registered with Sprint. I'm guessing they're checking their device id datab...
by SlowMovingInvestor
Tue Mar 26, 2019 6:16 am
Forum: Personal Finance (Not Investing)
Topic: State Tax Refund taxability
Replies: 2
Views: 356

Re: State Tax Refund taxability

Thanks !

I see now Turbo tax did just what you said.
by SlowMovingInvestor
Tue Mar 26, 2019 2:59 am
Forum: Personal Finance (Not Investing)
Topic: State Tax Refund taxability
Replies: 2
Views: 356

State Tax Refund taxability

In 2018, I made a payment with extension for 2017 state taxes -- around $2500. I had miscalculated my estimation of state tax liability, and I got a refund of $2000 back. On my 2018 return, $2000 state refund is fully taxable, per TT. But because of the SALT cap, the payment I made with extension ca...
by SlowMovingInvestor
Tue Mar 26, 2019 2:44 am
Forum: Personal Finance (Not Investing)
Topic: Form 8960 Investment Expenses
Replies: 3
Views: 314

Re: Form 8960 Investment Expenses

I looked at TT's explanation and this is what it says 9b) If the taxpayer deducted state, local and/or foreign taxes on Schedule A, a portion of those taxes can be allocated as a deduction against net investment income using any reasonable method. This seems to say you can only deduct taxes from NII...