Search found 1728 matches

by SlowMovingInvestor
Fri Apr 24, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4647
Views: 897031

Re: What's Your Credit Card Rewards Strategy?

I have to pay a homeowners insurance bill. Does this fall under any category that could get me a bonus with BoA's Cash Rewards Card (where I can select my own bonus category) ? Online shopping or the like ?

Or maybe with some other card ?
by SlowMovingInvestor
Sat Apr 11, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping K-1s for IRA
Replies: 3
Views: 248

Re: Keeping K-1s for IRA

You do know that UBTI in an MLP does not usually rear its ugly head until you sell your position. At that time all the depreciation that allowed your UBTI to be negative will get recaptured and the result will usually be positive UBTI. Your IRA custodian will need all the K1 forms to determine how ...
by SlowMovingInvestor
Fri Apr 10, 2020 10:57 am
Forum: Investing - Theory, News & General
Topic: Is it possible to lose money in VMMXX?
Replies: 8
Views: 617

Re: Is it possible to lose money in VMMXX?

https://www.federalreserve.gov/monetary ... f-faqs.pdf

This is the liquidity facility provided by the Fed for commercial paper, short term munis etc. held by MMFs.
by SlowMovingInvestor
Fri Apr 10, 2020 10:05 am
Forum: Investing - Theory, News & General
Topic: Is it possible to lose money in VMMXX?
Replies: 8
Views: 617

Re: Is it possible to lose money in VMMXX?

Corsair wrote:
Fri Apr 10, 2020 10:03 am
Junk bond holders will not lose $ thanks to the Fed and you're worried about a money market fund? :mrgreen:
The Fed is only providing liquidity, right ? No guarantee that you won't lose $$.
by SlowMovingInvestor
Fri Apr 10, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Keeping K-1s for IRA
Replies: 3
Views: 248

Keeping K-1s for IRA

I hold some MLPs in my IRA, and I've received K-1s for them. I checked box 20, code V for them, and the total is < $100, well below the $1000 threshold for UBTI reporting. Do I need to keep copies of the K-1s (only paper), and I don't feel like scanning them in) for 3 years or more or can I just shr...
by SlowMovingInvestor
Thu Apr 09, 2020 1:56 pm
Forum: Personal Investments
Topic: REITS, Private Equity Firms, Junk Bond ETFs
Replies: 1
Views: 232

REITS, Private Equity Firms, Junk Bond ETFs

I have some holdings in residential REITS, listed private equity firms (Apollo, Carlyle), some junkish bond ETFs etc. in my IRA, mostly to provide some minor diversification in unusual market sectors. High yield, but they've been badly hit in the latest downturn (junk bond much worse than regular bo...
by SlowMovingInvestor
Thu Apr 09, 2020 1:43 pm
Forum: Personal Investments
Topic: Tax Loss Harvest FSKAX for ITOT?
Replies: 8
Views: 321

Re: Tax Loss Harvest FSKAX for ITOT?

I have some FZROX (Fidelity Zero Total Market), and was wondering about the same thing.

As it happens, it's not underwater any more, so it's moot for the nonce.
by SlowMovingInvestor
Tue Mar 31, 2020 11:42 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6973

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Just wondering -- the Fed is backstopping even regular MMs now, so they are safe as Treasury MMs ? Or is the Fed merely providing liquidity to MMs -- if a particular borrower fails, the fund will still have to bear the loss and may break the bank ?
by SlowMovingInvestor
Thu Mar 05, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Lost 23K on Monday
Replies: 97
Views: 9092

Re: Lost 23K on Monday

For some 401k providers such as Fidelity, you can do a near in kind transfer from 401k to Rollover IRA. If the fund in your 401k isn't available in Fidelity's regular IRA accounts (say it's an institutional class funds), they will transfer the money to a similar fund without your being out of the ma...
by SlowMovingInvestor
Sat Feb 29, 2020 4:56 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 53
Views: 8047

Re: Chase YouInvest cost basis method

Has anyone received a 1099-B from Chase for sales/purchases made in the year ? Or 1099-Divs for that matter ? Just curious how well 1099 reporting is working for YouInvest (this is one of my major concerns with a new brokerage). I received 1099-DIV and it was fine. I think it was made available onl...
by SlowMovingInvestor
Sat Feb 22, 2020 8:23 am
Forum: Personal Investments
Topic: Cash at Fidelity
Replies: 28
Views: 3483

Re: Cash at Fidelity

Edit: I also wanted to add that I don't think it's a good idea to hold a lot of cash you don't plan on spending. It's an alpha seeking strategy which is generally frowned upon. I agree with that intellectually, but I find it hard to buy bonds with longer durations when I'm getting almost nothing mo...
by SlowMovingInvestor
Sat Feb 22, 2020 8:19 am
Forum: Non-US Investing
Topic: Investing in India
Replies: 5
Views: 696

Re: Investing in India

Does index investing even work in Indian market conditions, given that mutual funds have been beating Indian index funds for decades? What about in recent years (1-3-5) ? also, while the very successful funds are hailed, I am sure there are others that fail and get shut down or merged. Also fees --...
by SlowMovingInvestor
Fri Feb 21, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Morgan Stanley buying E*TRADE
Replies: 37
Views: 3002

Re: Morgan Stanley buying E*TRADE

I've had an eTrade checking account for 15 years. They charge no ATM fees and refund all fees from ATMs where I get cash. I'll be sad to see that go! Well how do you know it’ll go? It might not. I don't. But I've been involved in enough mergers to know where the consultants are going to go hunting ...
by SlowMovingInvestor
Thu Feb 20, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: Morgan Stanley buying E*TRADE
Replies: 37
Views: 3002

Re: Morgan Stanley buying E*TRADE

What other significant online brokerage is left now ? Ally Trading ?

Fidelity may have a disadvantage in acquiring other brokerages since it's private and can't do stock acquisitions without diluting control of the Johnson family.
by SlowMovingInvestor
Tue Feb 18, 2020 10:45 am
Forum: Personal Consumer Issues
Topic: Importing tax info into tax programs. Who does it?
Replies: 24
Views: 1371

Re: Importing tax info into tax programs. Who does it?

Consider that your W2, 1099, etc tax information is already out there on the internet for you to retrieve. No one asked your permission to place it on the internet but it is there readily available. Whether you import it or type it in manually does not make it any more or less secure. Should you be...
by SlowMovingInvestor
Mon Feb 17, 2020 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: do you check your taxes when using tax software?
Replies: 54
Views: 3611

Re: do you check your taxes when using tax software?

I do some spot checks, and check some complicated things like FTC. I also spot check some larger 1099 item downloads. No math checks.
by SlowMovingInvestor
Sun Feb 16, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use plaid.com?
Replies: 37
Views: 4007

Re: Does anyone use plaid.com?

Can you specify with the Plaid Api that you don't want your password or any long term token stored, but that you want to auth each time ? In that case, you can use an app that you write and run from your desktop or development machine.
by SlowMovingInvestor
Sun Feb 16, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use plaid.com?
Replies: 37
Views: 4007

Re: Does anyone use plaid.com?

I would only use it if I were extremely wary of giving my login info to an aggregator. This whole thing started because I don't give my bank password to any aggregator. Ok, so instead of giving it to an aggregator, you're going to give it to Plaid when you create a Link object (unless your financia...
by SlowMovingInvestor
Sat Feb 15, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use plaid.com?
Replies: 37
Views: 4007

Re: Does anyone use plaid.com?

acegolfer wrote:
Thu Jan 02, 2020 12:06 pm
Technical is not an issue for me. Still waiting to hear from someone with 1st hand experience on plaid.com.
Question -- thread is a little old, but have you tried to use plaid to get your info ?
by SlowMovingInvestor
Fri Feb 14, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-Level Jobs with Pensions - What companies still offer pensions these days?
Replies: 155
Views: 12324

Re: Entry-Level Jobs with Pensions - What companies still offer pensions these days?

I work for a bank that still offers a pension. I just joined and was surprised that they did. It was not the reason I joined. It vests after 5 years. After 10 years, the multiplier increases. Downsides have been mentioned: the company itself or the pension may not be around in 30-40 years, Once the...
by SlowMovingInvestor
Tue Feb 11, 2020 11:35 am
Forum: Personal Investments
Topic: Treasury Direct vs Brokerage
Replies: 7
Views: 570

Re: Treasury Direct vs Brokerage

A friend of mine (savvy investor) has an account at Fidelity, but does all his Treasury buys/sells through Treasury Direct. I asked him why, and he said was because he wanted the extra guarantee of TD in case Fidelity had problems during a major meltdown. I'm sure he's beyond the SIPC limit(+ addit...
by SlowMovingInvestor
Tue Feb 11, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Missed Q4 estimated tax deadline?
Replies: 15
Views: 964

Re: Missed Q4 estimated tax deadline?

Just pay it. Due to being several days late on ET, we incurred a penalty last year. If you use TurboTax it will inform you at the end of a penalty and the amount. You can either pay it then or not. IRS has the option of sending you a letter for payment or forgiving it. We opted to let IRS decide. T...
by SlowMovingInvestor
Tue Feb 11, 2020 8:58 am
Forum: Personal Investments
Topic: Treasury Direct vs Brokerage
Replies: 7
Views: 570

Treasury Direct vs Brokerage

A friend of mine (savvy investor) has an account at Fidelity, but does all his Treasury buys/sells through Treasury Direct. I asked him why, and he said was because he wanted the extra guarantee of TD in case Fidelity had problems during a major meltdown. I'm sure he's beyond the SIPC limit(+ additi...
by SlowMovingInvestor
Tue Feb 11, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: TIPS Negative Real Yield - SOLD!
Replies: 116
Views: 10827

Re: TIPS Negative Real Yield - SOLD!

Here are the answers: If any bond gurus want figure out some of the details: U S TREASURY NOTE INFLATION INDEX NOTE .25% 01/15/25 Bought: 3/14/2017 Price: 97.6914 Factor: 1.02201 YTM: 0.538 Sold: 1/28/2020 Price: 101.66 Factor: 1.08599 YTM: -0.084% according to Vanguard :?: What was the expected re...
by SlowMovingInvestor
Mon Feb 10, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5067

Re: Downside to using Cash Back credit cards

Chase Ultimate Rewards likely have a similar value proposition. Chase makes their 2% per transaction and then gets to spend that float on whatever they want because, statistically, people hold onto UR points for a long time. Good point -- never thought of that. Of course, in these low interest rate...
by SlowMovingInvestor
Mon Feb 10, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software Question [Do you enter form data manually or via online access?]
Replies: 10
Views: 738

Re: Tax Software Question [Do you enter form data manually or via online access?]

TurboTax, and I download everything except 1099-INTs, which I type in manually. This reduces the possibility of a lot of errors. I do spot checks of a few numbers, and of course, I have to manually calculate Treasury income, state Muni income and FTC related. It would be nice if providers an TT work...
by SlowMovingInvestor
Sat Feb 08, 2020 11:02 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3226

Re: 17 mo CD 2.25 apy Is there better?

Tomd, thanks. As I understand the offer, I get 2.25%, but I can add to the CD anytime within the next 17 months ? If so, I'll take a look and see if it works for me.
by SlowMovingInvestor
Sat Feb 08, 2020 10:37 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3226

Re: 17 mo CD 2.25 apy Is there better?

Oh, I don't have an account. Not sure if I would get this if I opened a regular savings account if it's a special offer.
by SlowMovingInvestor
Sat Feb 08, 2020 10:08 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3226

Re: 17 mo CD 2.25 apy Is there better?

Maybe I'm dumb, but I don't see this in their certificates section on their web site ? Is this a mailer ?
by SlowMovingInvestor
Sat Feb 08, 2020 9:36 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 53
Views: 8047

Re: Chase YouInvest cost basis method

Has anyone received a 1099-B from Chase for sales/purchases made in the year ? Or 1099-Divs for that matter ? Just curious how well 1099 reporting is working for YouInvest (this is one of my major concerns with a new brokerage).
by SlowMovingInvestor
Wed Feb 05, 2020 4:21 pm
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 11
Views: 918

Re: Fido Separately Managed Accounts

I agree the .35% fee isn't bad. I'd imagine that it doesn't include spreads on the bonds though. I am assuming that the separately managed bond fund portfolio really does a lot of aggregation and that you often get the same allocation as a lot of other clients and therefore orders for bonds are in ...
by SlowMovingInvestor
Wed Feb 05, 2020 4:09 pm
Forum: Personal Consumer Issues
Topic: NJ - Buying single family home - Buy or Rent?
Replies: 15
Views: 1286

Re: NJ - Buying single family home - Buy or Rent?

NJ's population loss is starting to tick up. Just look at the employers that are leaving. I have a lot of family there and they verify the data. I have good friends in CT who can't sell their home for $700,000. It'll likely sell for around 550k or 600k. The market there all over the state is having...
by SlowMovingInvestor
Wed Feb 05, 2020 11:14 am
Forum: Personal Investments
Topic: Any downside to multiple brokerage accounts at Fidelity?
Replies: 16
Views: 683

Re: Any downside to multiple brokerage accounts at Fidelity?

Multiple regular brokerage accounts mean multiple 1099s, which can be a bit of a pain. ... 9 accounts. Zero 1099's. (I have 12 cents in the CMA) I know, I was referring to the OP who mentioned new regular brokerage accounts. Fido does indeed send separate 1099s and separate downloads into tax SW.
by SlowMovingInvestor
Wed Feb 05, 2020 10:53 am
Forum: Personal Investments
Topic: Any downside to multiple brokerage accounts at Fidelity?
Replies: 16
Views: 683

Re: Any downside to multiple brokerage accounts at Fidelity?

Multiple regular brokerage accounts mean multiple 1099s, which can be a bit of a pain.
by SlowMovingInvestor
Wed Feb 05, 2020 10:26 am
Forum: Personal Consumer Issues
Topic: NJ - Buying single family home - Buy or Rent?
Replies: 15
Views: 1286

Re: NJ - Buying single family home - Buy or Rent?

Don't get caught catching a falling knife. Unless you have a highly specialized career that forces you to commute to NYC, at your age, I would leave NJ for a number of reasons. OP said he was staying in the NJ area for the next 5-8 years and both he and his wife work there. Housing prices may not h...
by SlowMovingInvestor
Wed Feb 05, 2020 10:12 am
Forum: Investing - Theory, News & General
Topic: What bonds are you buying?
Replies: 71
Views: 4605

Re: What bonds are you buying?

USD emerging market bonds interest me as having a chance to exceed inflation for a portion of my money, but they both also tend to have a significant amount of stock market correlation, meaning they'll tend to drop in value when stocks drop in value. Why USD EM bonds instead of local currency? I've...
by SlowMovingInvestor
Wed Feb 05, 2020 10:00 am
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 11
Views: 918

Re: Fido Separately Managed Accounts

Fidelity informs that an important part of the process is identifying groups of stocks that behave the same way. This is how they can sell and buy and maintain performance while avoiding wash sale rules. I believe this is continually updated because I've observed different stock groups going in and...
by SlowMovingInvestor
Wed Feb 05, 2020 9:39 am
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 11
Views: 918

Re: Fido Separately Managed Accounts

Ask the rep what he or she gets paid if you go into the SMA vs an ETF vs a mutual fund/index fund. Get specifics. Don't let them tell you it's the same...it's' not. If it's a Fido rep, they likely don't get paid directly but it counts against their goals for the year. But it's obvious that Fido rep...
by SlowMovingInvestor
Wed Feb 05, 2020 8:21 am
Forum: Investing - Theory, News & General
Topic: REITs Instead of Long Duration Bonds?
Replies: 60
Views: 3252

Re: REITs Instead of Long Duration Bonds?

Since the market cap of US real estate exceeds the market cap of the total stock market, I believe it’s perfectly acceptable for investors to be overweight in property-owning REITs to make up for lack of this asset class in their overall portfolio. However, REITs are not a substitute for bonds. Bon...
by SlowMovingInvestor
Tue Feb 04, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1384

Re: Monte Carlo simulation of portfolio performance.

I've been using this one to model various scenarios. You can use in basic mode, or add details for more complicated scenarios, e.g. delay SS, perform Roth conversions in early retirement, etc. https://www.flexibleretirementplanner.com/wp/ Interesting tool. It includes some source code, and it seems...
by SlowMovingInvestor
Tue Feb 04, 2020 8:41 pm
Forum: Investing - Theory, News & General
Topic: REITs Instead of Long Duration Bonds?
Replies: 60
Views: 3252

Re: REITs Instead of Long Duration Bonds?

I think everybody is barking up the wrong tree by focusing on yield. High dividend stocks have higher risks than the average stock. After all, risk and return are linked. If you are getting a high yield - well, there is no free lunch. I'm not sure I'd agree with that. High Dividend stocks may also ...
by SlowMovingInvestor
Tue Feb 04, 2020 7:33 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1384

Re: Monte Carlo simulation of portfolio performance.

You can run different commercially available Monte Carlos. I use Fidelity. Put in the data and see what comes out. Run another a different one, see what comes out. Why nitpick all these nuances? At some point you have to go one way or another. Doesn’t have to be a plan. Information. It's not a nitp...
by SlowMovingInvestor
Tue Feb 04, 2020 6:49 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1384

Re: Monte Carlo simulation of portfolio performance.

... My larger question is how much one should rely on Monte Carlo simulations done by these end user oriented tools. It all depends on the assumptions that feed into the model and how relevant they are to your needs. Monte Carlo simulations are the perfect tool for simulating processes that actuall...
by SlowMovingInvestor
Tue Feb 04, 2020 6:36 pm
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 11
Views: 918

Re: Fido Separately Managed Accounts

Another option is FXNAX at a fee of .025%, here is the summary: https://fundresearch.fidelity.com/mutual-funds/summary/316146356 I own a different SMA (Tax advantaged) and don’t have a very high opinion of the need for this bond SMA. The only reason you might consider it is you will get a personal ...
by SlowMovingInvestor
Mon Feb 03, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1384

Re: Monte Carlo simulation of portfolio performance.

Step 2 is a bit off. Historical returns are a method, but a bit of a trivial application. Distribution curves do about as good of a job and uses simpler assumptions. The real power of Monte Carlo is being able to specify your return distribution. A good example would be bond returns. We know that t...
by SlowMovingInvestor
Mon Feb 03, 2020 8:36 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1384

Monte Carlo simulation of portfolio performance.

How do Monte Carlo simulations that try and project portfolio performance (and safe withdrawal rates) actually work ? Here's what I guess. 1) The tools take the portfolio's asset allocation: Large Cap, Small Cap, International, High Quality Bonds, Junk Bonds, Munis, Cash (and other classes). 2) For ...
by SlowMovingInvestor
Sun Feb 02, 2020 11:43 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372682

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Second, if that doesn't work out, does Merrill actually count cash that you transferred out of your existing CMA against the new deposit? I noticed that their terms say that they deduct assets transferred out of the account within the prior 24 weeks. But you need to open a new CMA account to get th...
by SlowMovingInvestor
Sun Feb 02, 2020 8:30 pm
Forum: Non-US Investing
Topic: Is 25% Gold too much?
Replies: 46
Views: 2940

Re: Is 25% Gold too much?

No you don't understand this is a Gold Bond which tracks the price of Gold. It has no under-lying gold backing it. I have 1% of my portfolio in physical Gold in-case they default on the Bond which I think is unlikely. It is also capital gains tax exempt. For more info:https://m.rbi.org.in/Scripts/F...
by SlowMovingInvestor
Sun Feb 02, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Question on 2019 IRS Tax Form [Bitcoin]
Replies: 59
Views: 3909

Re: Disturbing Question on 2019 IRS Tax Form

if you bought/recieved crypto, you should check yes, even tho no capital gains is due. (not sure why this is a 'disturbing' question. It's no different than asking about holding in foreign banks, even when no tax maybe due.) It's disturbing to me, and many others, because answering this question in...
by SlowMovingInvestor
Sun Feb 02, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Using Chase Ultimate Rewards
Replies: 29
Views: 3330

Re: Using Chase Ultimate Rewards

Do you find Expedia bundles to be discernably better than buying separately? I admit I don't look often; I almost always book travel directly with the carrier, hotel, car rental Co etc to avoid any hassles dealing with intermediaries when plans change. Whenever I've seen a good bundle on Expedia, I...