Search found 1815 matches

by SlowMovingInvestor
Fri Sep 18, 2020 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Offshore Bank Account?
Replies: 24
Views: 2743

Re: Offshore Bank Account?

If having foreign bank accounts are such a hassle what about buying a property: condo -something that doesn’t require a lot of expense. Not for income but rather as an insurance of sorts. In this case my guess is that the reporting requirements for IRS not that hard. Though I don’t know exactly if ...
by SlowMovingInvestor
Mon Sep 14, 2020 8:51 am
Forum: Personal Investments
Topic: Chasing CD rates.
Replies: 9
Views: 1196

Re: Chasing CD rates.

Not sure if you'd be willing to spread the money among different institutions but there are a number of credit unions out there with CD rates above 1%. I use https://www.depositaccounts.com/ to follow rates. . . +1. You’ve got to look around and be prepared to move quick if you find an attractive r...
by SlowMovingInvestor
Thu Sep 10, 2020 5:08 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Apparently TDA still has an offer despite the Schwab acquisition: https://www.tdameritrade.com/offer/2500/index.html The offer is valid for one new Individual, Joint, or IRA TD Ameritrade account opened by 12/31/20 and funded within 60 calendar days of account opening. To receive $350 bonus, accoun...
by SlowMovingInvestor
Tue Sep 08, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: Dental Insurance
Replies: 36
Views: 2217

Re: Dental Insurance

My experience has been that Dental HMO plans typically have a pretty skimpy provider directory. I'm guessing they don't pay enough to dentists. Dental PPOs with the major providers have pretty good coverage. Your specific dentist may not be in the plan, but I haven't found it difficult to find good ...
by SlowMovingInvestor
Mon Aug 31, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

With the TDAM Schwab deal closing in a few months, this may be the final chance to get in a TDAM bonus. Schwab does give out bonuses on occasion too, but tends to be stingier, IIRC.

And I wonder if Morgan will keep ETrade bonuses once it finishes acquiring ETrade.
by SlowMovingInvestor
Mon Aug 31, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Thanks for the tip. I had never heard of M1 finance before. With M1 finance, Can I hold my mix of ETF and stocks at M1 Finance without doing their pie/slice model like a traditional brokerage? Thanks No, I don’t believe so. But you can have any portfolio you like as long as it’s a pie. Can you defi...
by SlowMovingInvestor
Fri Aug 28, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge bonus?
Replies: 30
Views: 2425

Re: Merrill Edge bonus?

core4portfolio wrote: Fri Aug 28, 2020 5:33 pm Do I qualify if i need to transfer my roll over ira from fidelity to BOA Merrill ?

Also, do i need to maintain the cost basis since its rollover ira ?
Yes, IRA"s should qualify. I don't see any reason why you would need to maintain cost basis.
by SlowMovingInvestor
Fri Aug 28, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge bonus?
Replies: 30
Views: 2425

Re: Merrill Edge bonus?

Does anyone know how long you have to wait after closing merrill account to reopen and qualify for the promotion? Here is what they say For purposes of this offer, qualifying net new assets are calculated by adding total incoming assets or transfers (including cash, securities and/or margin debit b...
by SlowMovingInvestor
Mon Aug 24, 2020 5:26 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

sgboggle wrote: Mon Aug 24, 2020 5:18 pm
sc9182 wrote: Mon Aug 24, 2020 4:12 pm Charles Schwab local office agreed to match $3500 transfer-in bonus offer on $1MM (after they spoke to their promotions team).
Whose offer did they match? Citi?
Etrade has a $3500/1M offer, I believe
by SlowMovingInvestor
Mon Aug 24, 2020 3:54 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Agreed. The best use is to ACAT in a "core" holding, do no trading, wait for bonus to post, ACAT out to a new home with bonus. Rinse and repeat. With all the houses that offer bonuses, it's fairly easy to set up a route where you don't go back to any house until over a year from account close. It's...
by SlowMovingInvestor
Sun Aug 23, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Offering 1.1% No-Penalty CD to AARP Members
Replies: 50
Views: 5015

Re: Marcus Offering 1.1% No-Penalty CD to AARP Members

Mel Lindauer wrote: Sun Aug 23, 2020 3:54 pm
tj wrote: Sat Aug 22, 2020 10:54 pm

What sorts of things do you get discounts on?
Hotel stays for one. Dennys is another one. There are lots more.
But are AARP discounts better than with AAA or with looking around a little on Groupon or credit card reward offers ?
by SlowMovingInvestor
Sat Aug 22, 2020 2:54 pm
Forum: Investing - Theory, News & General
Topic: Buffett and gold
Replies: 19
Views: 1500

Re: Buffett and gold

My impression was that Gold Miner's stocks often diverse from gold prices significantly ? Is that correct ? Do you mean, "My impression is that gold miners' stocks often deviate from gold prices significantly?" If so, the simple answer can be found doing a comparison between the RING ETF and the GL...
by SlowMovingInvestor
Sat Aug 22, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: Buffett and gold
Replies: 19
Views: 1500

Re: Buffett and gold

People seem to be making a lot more about this gold purchase than warranted. It makes up 0.25% of Berkshire's portfolio and it was likely made by Todd or Ted, not Buffett. :thumbsup He didn't even buy 'gold', he bought stock in "Barrick", a gold mining company with ticker symbol "GOLD", and a relat...
by SlowMovingInvestor
Thu Aug 20, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3399

Re: BoA Premium Rewards status

How do you determine the month they check eligibility? In the OP’s case, it was October but I’ve been platinum honors for 5 years or so and don’t remember which month I initially received it. That is the month when you signed up for the Preferred Rewards program. If you don't remember it - look for...
by SlowMovingInvestor
Wed Aug 19, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3399

Re: BoA Premium Rewards status

student wrote: Wed Aug 19, 2020 9:20 pm
Why do you want to transfer in-and-out on a regular basis? For transfer bonus?
To keep a higher level of status at another broker and also at BoA/ME. And using an IRA to avoid cost basis or 1099 hassles.
by SlowMovingInvestor
Wed Aug 19, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3399

Re: BoA Premium Rewards status

You should be good for 15 months. https://www.bankofamerica.com/preferred-rewards/understanding-preferred-rewards-requirements/ What happens if your balances drop? Even if your eligible balances drop below the requirements for your tier (Gold, Platinum or Platinum Honors), y ou'll maintain your Pre...
by SlowMovingInvestor
Wed Aug 19, 2020 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: BoA Premium Rewards status
Replies: 61
Views: 3399

BoA Premium Rewards status

I'm currently a Platinum Honors Preferred Rewards BoA customer (I have 100K+ in a Merrill Edge account). I want to move part of the Merrill Edge funds to another broker, so I'll have less than 100K there. From what I've read 1) BoA looks at last 3 months average balance once a year (in my case it's ...
by SlowMovingInvestor
Wed Aug 19, 2020 7:43 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Pretty good bonus from Citi Wealth Management https://www.doctorofcredit.com/citi-wealth-management-up-to-3500-bonus/ $500 for $50K transfer looks like the sweet spot. And you only have to keep it there 3-4 months (not completely clear). Apparently you can do a self directed account too, but the pr...
by SlowMovingInvestor
Tue Aug 18, 2020 6:02 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Citi brokerage website is OK. Not great, not bad, basically workable. Easiest approach is to transfer in required securities, hold for required period and transfer out. They do charge $75 for complete transfers out. Thanks ! Do they support ACATS transfers ? Do you have any experience with their 'W...
by SlowMovingInvestor
Tue Aug 18, 2020 5:47 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Pretty good bonus from Citi Wealth Management https://www.doctorofcredit.com/citi-wealth-management-up-to-3500-bonus/ $500 for $50K transfer looks like the sweet spot. And you only have to keep it there 3-4 months (not completely clear). Apparently you can do a self directed account too, but the pro...
by SlowMovingInvestor
Mon Aug 17, 2020 9:53 pm
Forum: Personal Investments
Topic: ACATS transfer -- cost basis on partial transfer
Replies: 13
Views: 710

Re: ACATS transfer -- cost basis on partial transfer

Don’t know if this is the best way but my approach was to open a new (temp) account at the “old” broker, transfer the tax lots I wanted to move to the temp account at the old broker , checked that all basis info was correct and printed basis info, then moved the whole temp account to new broker. It...
by SlowMovingInvestor
Mon Aug 17, 2020 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 237
Views: 27190

Re: Just Bought an Annuity

I don't know if things changed but I've seen the same numbers posted here elsewhere. $100K, 3 yrs, 2.40% from an A+ company. I know you can get more (3%?) from an A- company. I'm being very conservative (I think) in sticking with the higher rated company. I had zero interest in going out longer ter...
by SlowMovingInvestor
Mon Aug 17, 2020 8:36 pm
Forum: Personal Investments
Topic: ACATS transfer -- cost basis on partial transfer
Replies: 13
Views: 710

Re: ACATS transfer -- cost basis on partial transfer

I'm thinking of doing a partial transfer of a position from one brokerage to another. The position is an ETF with multiple lots. What lots will be transferred ? I don't really care which lots are transferred, I just want to ensure that cost basis transfers properly. I’ve done this several times now...
by SlowMovingInvestor
Sun Aug 16, 2020 4:44 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2818

Re: Index annuity

They will perform slightly better or slightly worse than bonds. They are also very correlated with interest rates and bonds bc that’s a big part of the insurance company’s investment. All products have shown decreasing caps and participation rates bc of this and bc costs of options has increased fo...
by SlowMovingInvestor
Sun Aug 16, 2020 8:37 am
Forum: Personal Consumer Issues
Topic: PC Laptop Recommendations
Replies: 25
Views: 1821

Re: PC Laptop Recommendations

Windows or Linux ? It makes a difference in terms of cost.
by SlowMovingInvestor
Sun Aug 16, 2020 5:43 am
Forum: Personal Investments
Topic: ACATS transfer -- cost basis on partial transfer
Replies: 13
Views: 710

Re: ACATS transfer -- cost basis on partial transfer

Thanks. In my old brokerage, non covered shares just show up as 01/01/1901. I suppose this is brokerage specific, but can I use that date (it has the optimal size lot I need to transfer). That suggests that neither you nor the brokerage know the dates purchased and the cost basis. It would not be a...
by SlowMovingInvestor
Sat Aug 15, 2020 7:16 pm
Forum: Personal Investments
Topic: ACATS transfer -- cost basis on partial transfer
Replies: 13
Views: 710

Re: ACATS transfer -- cost basis on partial transfer

You need to specify the lots that you want transferred. I have done that without a problem. You would specify the lots "Versus Purchase" as in "Please transfer in-kind the 120 shares purchased on March 8, 2009, the 89 shares purchased on December 24, 2018, the ...." Thanks. In my old brokerage, non...
by SlowMovingInvestor
Sat Aug 15, 2020 7:13 pm
Forum: Personal Consumer Issues
Topic: Wasp nest
Replies: 117
Views: 6929

Re: Wasp nest

I'm not the OP, but I posted earlier in the thread about a yellowjacket nest in a void in my house somewhere, with yellowjackets entering and leaving via a hole around a pipe. I tried other stuff that didn't work, then I tried Tempo Dust. No activity today, I'll see if I need to dust the hole again....
by SlowMovingInvestor
Sat Aug 15, 2020 5:02 pm
Forum: Personal Investments
Topic: ACATS transfer -- cost basis on partial transfer
Replies: 13
Views: 710

ACATS transfer -- cost basis on partial transfer

I'm thinking of doing a partial transfer of a position from one brokerage to another. The position is an ETF with multiple lots.

What lots will be transferred ? I don't really care which lots are transferred, I just want to ensure that cost basis transfers properly.
by SlowMovingInvestor
Fri Aug 14, 2020 3:42 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2818

Re: Index annuity

DarkHelmetII wrote: Fri Aug 14, 2020 3:04 pm Very interesting. Do many equity indexed products have not only a monthly cap but also an annual cap?
An annual cap might make more sense for the insurance company in that they only have to buy an option on the relevant index once a year, rather than rolling the option over every month ?
by SlowMovingInvestor
Fri Aug 14, 2020 3:41 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2818

Re: Index annuity

You'll get mostly negative information from this forum because there are TON of crappy insurance / annuity products that have been sold. You'd have to sift through many hours of reading annuity prospectuses and maybe never find a good one. If you don't have the time to examine the product your sale...
by SlowMovingInvestor
Fri Aug 14, 2020 3:35 pm
Forum: Personal Investments
Topic: Index annuity
Replies: 60
Views: 2818

Re: Index annuity

The "index" guarantee is real - how often and when does it "lock in"? Many annuities allow you to invest in a limited amount of mutual funds that they open to you for choice. Warning: if those funds suck, your index will never keep up with the market. I'm confused by this. You get a choice of index...
by SlowMovingInvestor
Sat Aug 08, 2020 6:09 pm
Forum: Personal Consumer Issues
Topic: Wasp nest
Replies: 117
Views: 6929

Re: Wasp nest

If the insecticide did nothing, then the insecticide did not come in contact with these buggers. I'm not an entomologist, but can't wasps become resistant to insecticides ? Certainly mosquitoes have become resistant to certain insecticides. I squirted yellowjackets today with lots of Spectracide (b...
by SlowMovingInvestor
Fri Aug 07, 2020 4:37 pm
Forum: Personal Consumer Issues
Topic: Wasp nest
Replies: 117
Views: 6929

Re: Wasp nest

Not to hijack this thread, but I see wasps going into a hole in the side of my house where an A/C drain pipe comes out. It's slightly high up, but i sprayed it with Delta Dust and I think I got a good amount on the side of the hole and on some wasps too (maybe even too much). So far, no effect. I al...
by SlowMovingInvestor
Fri Aug 07, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 28
Views: 2967

Re: GEICO Umbrella: Significant Increase in Premium

Insurance industry insider here. It seems you may be misunderstanding the premium increase. Umbrella insurance premiums are not split into coverage for your car, house, etc. Your underlying risk items are factors in pricing, but you only have one combined premium for umbrella insurance. For me at l...
by SlowMovingInvestor
Thu Aug 06, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 165
Views: 36146

Re: Do not use Personal Capital

99% chance PC does not store passwords in a non-hashed manner (I.e. an they store it in a way that even the designer of the system could not see it in database.) That's security 101. But they would need to decrypt it before presenting to the financial companies site (assuming no long lived tokens)....
by SlowMovingInvestor
Thu Aug 06, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Ask your friend to search for an e-mail with the subject "Give your friend the gift of free IBKR shares." I'm sure things will go smoothly from there. :happy I don't know if every IB client got the e-mail. You can easily switch between lite and pro after opening your account. It's done online. No i...
by SlowMovingInvestor
Thu Aug 06, 2020 5:56 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Yes, it's a top tier bonus for just 100k. Not sure about IRA eligibility. I think so but I'm not certain. IB hasn't paid a bonus before as far as I know, so I don't think you'll find data points on whether it counts as a contribution. They support ACATS and there is no fee in or out. I've never see...
by SlowMovingInvestor
Thu Aug 06, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 28
Views: 2967

Re: GEICO Umbrella: Significant Increase in Premium

Maybe GEICO's umbrella policies had increases due to GEICO's 15% reduction to the following, "We're offering a 15% policy credit to new and existing auto, motorcycle, and RV policyholders on 6-month and 12-month polices until October 7, 2020." https://www.geico.com/about/coronavirus/ It's still the...
by SlowMovingInvestor
Wed Aug 05, 2020 9:38 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Interactive Brokers has a really good referral offer right now. I do not recall IB offering a transfer bonus before. Referrer gets zip, Referee gets 1% of deposit, up to $1,000. The reward is given as IBKR shares and you must hold for one year. I have zero interest in holding their shares, but hey,...
by SlowMovingInvestor
Tue Aug 04, 2020 8:52 pm
Forum: Personal Consumer Issues
Topic: Any MVNO have 5G?
Replies: 14
Views: 836

Re: Any MVNO have 5G?

Cricket is technically not a MVNO, but an ATT brand.
by SlowMovingInvestor
Mon Aug 03, 2020 7:59 pm
Forum: Investing - Theory, News & General
Topic: Sell a CD early buy a fixed annuity
Replies: 62
Views: 3002

Re: Sell a CD early buy a fixed annuity

If I purchase an annuity in CA, where the 80% rule applies, and then move to a state where there is no 80% rule, will the rule apply to me in case of an insolvency? I have no idea about that. My interpretation is that it should follow the rules of the state where you get the coverage at the point o...
by SlowMovingInvestor
Mon Aug 03, 2020 9:17 am
Forum: Investing - Theory, News & General
Topic: Sell a CD early buy a fixed annuity
Replies: 62
Views: 3002

Re: Sell a CD early buy a fixed annuity

indexfundfan wrote: Sun Aug 02, 2020 9:38 pm Any chance that you might move out of your current state? :-)
I think annuities are covered by the guaranty of the state in which you originally purchased them, but not sure about renewals.
by SlowMovingInvestor
Sun Aug 02, 2020 5:06 pm
Forum: Investing - Theory, News & General
Topic: Sell a CD early buy a fixed annuity
Replies: 62
Views: 3002

Re: Sell a CD early buy a fixed annuity

indexfundfan wrote: Sun Aug 02, 2020 1:58 pm If the insurance guaranty has a 80% limit, I would probably opt for a lower risk insurer, like below 1% in the table. But then, it would probably make MYGAs not competitive with CDs anymore.
Mass Mutual and NY Life have 1.60% for 3 year MYGAs. NY Life is A++. 1.6% beats 3 year CDs.
by SlowMovingInvestor
Sat Aug 01, 2020 1:17 pm
Forum: Investing - Theory, News & General
Topic: Morgan Stanley buying E*TRADE
Replies: 53
Views: 5148

Re: Morgan Stanley buying E*TRADE

So I have found plenty of negative reviews of E*Trade on https://www.consumeraffairs.com/finance/etrade.html I'd like to know is "consumeraffairs" legitimate source? Most brokers reviewed there get 1-1.5 rating, are they just biased or trying to "bomb" company? Moreover I know that Vanguard there w...
by SlowMovingInvestor
Fri Jul 31, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 165
Views: 36146

Re: Do not use Personal Capital

Just a sidelight, but how worried are you folks about giving TurboTax access to your brokerage or bank accounts in order to download 1099's? I suppose one could (and should) change passwords right after preparing the return. A number of brokerages these days provide document ID numbers that can be ...
by SlowMovingInvestor
Thu Jul 30, 2020 7:57 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'd like to offer one pointer. When you have a choice, it's best to get your transfer bonuses added into Roth accounts. The bonuses are added to those Roth accounts as Roth assets and you'll not receive a Form 1099 requiring you to pay taxes on those bonuses. When the bonuses are put into tradition...
by SlowMovingInvestor
Wed Jul 29, 2020 7:39 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401090

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'd like to offer one pointer. When you have a choice, it's best to get your transfer bonuses added into Roth accounts. The bonuses are added to those Roth accounts as Roth assets and you'll not receive a Form 1099 requiring you to pay taxes on those bonuses. When the bonuses are put into tradition...
by SlowMovingInvestor
Sun Jul 26, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Straight Talk Annuity
Replies: 93
Views: 5904

Re: Straight Talk Annuity

I get SPIAs and MYGAs, and I even get Variables, but I never understood the allure of these products. It always seemed to me you could build your own. Say you had $100,000 to invest-build a ladder of CDs or MYGAs to a nominal $100,000 in 10 years. Take the rest and put it in an S&P fund for 10 year...
by SlowMovingInvestor
Sun Jul 26, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Straight Talk Annuity
Replies: 93
Views: 5904

Re: Straight Talk Annuity

I am a person that does not regret being ensnared in the fixed annuity that I purchased in the 1980's with a $2,000 investment. It did have a front end load but it also pays a guaranteed minimum 4.5% return after any fees. I pretty much forgot about this until 7 years ago when I called and asked if...