Search found 3838 matches

by lazyday
Fri Feb 02, 2024 7:07 am
Forum: Personal Finance (Not Investing)
Topic: CD discussion thread
Replies: 1214
Views: 188423

Re: CD discussion thread

Advancial FCU has had a 5 year jumbo at 5.4 APY for some months now. Impressive compared to the 5 year Treasury at 3.8 yesterday.

$50,000 minimum. Join a dog agility association for eligibility.

Credit unions can be a pain to deal with, especially if opening an IRA certificate.

Discussion https://www.depositaccounts.com/banks/a ... promo55239

https://www.advancial.org/rates
by lazyday
Tue Jan 23, 2024 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: [2023 Treasury Direct 1099-INT now available, how to print]
Replies: 58
Views: 6952

Re: Printing a Treasury Direct 1099-int (for I Bonds)

tibbitts wrote: Tue Jan 23, 2024 3:23 pm Although I understand it would be nice to have the data entered automatically, is anybody entering information for multiple bonds, or just three numbers for the year: Payer ID, bond interest, and amount withheld?
I use summary data.

With multiple banks and brokers it can still add up, and for brokers there's other data like qualified dividend, foreign tax credit.
by lazyday
Tue Jan 23, 2024 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: [2023 Treasury Direct 1099-INT now available, how to print]
Replies: 58
Views: 6952

Re: Printing a Treasury Direct 1099-int (for I Bonds)

Old Goat wrote: Mon Jan 22, 2024 9:26 pm Strange to see this post as I just now downloaded my TD 1099s.
CTRL P, save (print pdf), uploaded to HR Block. All the info pulled to Block requiring just minor corrections.
That's good news, other than needing corrections.

Last year Turbo Tax still couldn't take data from a 1099 pdf.
by lazyday
Wed Jan 10, 2024 2:37 pm
Forum: Personal Investments
Topic: Vanguard Cash Plus Account?
Replies: 20
Views: 4140

Re: Vanguard Cash Plus Account?

Might be open to all now:
The latest cash offering already exists but is now open to investors outside of Vanguard's client base – though its website has yet to be updated to reflect the change.
https://riabiz.com/a/2024/1/10/after-ma ... b-fidelity
by lazyday
Sat Jan 06, 2024 8:16 am
Forum: Investing - Theory, News & General
Topic: Fidelity customer service mega-thread
Replies: 39
Views: 6754

Re: Fidelity customer service mega-thread

If Secure Email isn't in the Communication Center, here's a link posted by Fidelity on Reddit:
https://servicemessages.fidelity.com/ft ... email/init

https://www.reddit.com/r/fidelityinvest ... l_address/
by lazyday
Thu Dec 28, 2023 11:51 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1202753

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

if I start the redemption process, it lists the value as of January 2024, and the new interest rate This worked fine for me when redeeming in multiple months this year, near month end. I don't remember if it was two business days before the end of the month, but the redemption date was shown to be in the following month, and the correct amount was shown ahead of time. No problem getting the proper amount redeemed. I did have problems with some redemption requests not being accepted, but I doubt that had to do with timing near the end of the month. You can check history to be sure your orders are in the system. I think you can also see pending transactions in your list of bonds. I'm redeeming the last of my I bonds early in January. Since t...
by lazyday
Sat Dec 23, 2023 2:30 pm
Forum: Investing - Theory, News & General
Topic: New Avantis ETFs
Replies: 11
Views: 2587

Re: New Avantis ETFs

Country Allocation isn't on the AVEE fact sheet yet, but it's on this page in the Portfolio section: https://www.avantisinvestors.com/avanti ... quity-etf/

China 26%
Taiwan 25%
etc
by lazyday
Sat Dec 23, 2023 2:23 pm
Forum: Personal Investments
Topic: Franklin Single Country ETFs, too good to be true?
Replies: 6
Views: 1396

Re: Franklin Single Country ETFs, too good to be true?

I own the Korea one, FLKR. Easier than holding a collection of Korean ADRs. It's in an IRA, so no tax downside if the fund closes or changes in a way I don't like.

Buys will often be near the midpoint of the spread. I use marketable limit orders.
by lazyday
Thu Sep 14, 2023 6:57 am
Forum: Investing - Theory, News & General
Topic: Is Vanguard's Yodlee Aggregator Secure?
Replies: 20
Views: 3816

Re: Is Vanguard's Yodlee Aggregator Secure?

UpperNwGuy wrote: Thu Sep 14, 2023 5:02 am
Gaston wrote: Wed Sep 13, 2023 6:04 pm
typical.investor wrote: Wed Sep 13, 2023 4:36 pm And you do taxes by hand without importing data?
Yes, I do. I download my 1099’s, then manually enter the summary data into TurboTax. Manual entry of summary data takes about 2 minutes per 1099, regardless of the number of holdings one might have within an account.
This is what I do, too.
I generally copy and paste individual numbers one at a time.

If anyone knows good tax software that can import from pdf for 1099, 5498 etc, please post.
by lazyday
Mon Sep 11, 2023 2:37 pm
Forum: Personal Investments
Topic: Treasury Price/Yield Comparisons between Brokerages
Replies: 4
Views: 791

Re: Treasury Price/Yield Comparisons between Brokerages

I did a tiny comparison a month ago of Fidelity, Schwab, and another broker. TIPS maturing in 2051, 2052, and 2053 at three different times. So only 9 data points for each broker. With quantity 75 or more, Fidelity always had the smallest spread or was tied for the smallest spread.

It's not hard to do a small test like this. Just search for a limited number of bonds, such as TIPS maturing after January 2051. Do the search on multiple brokers at almost the same instant. Then record the size of the yield spread for each bond in a range.

If anyone plans to do this many times, it might help to record the time of your quotes so you can also see if spreads tend to be better at a certain time of day, such as just after the bond market opens.
by lazyday
Sat Sep 09, 2023 10:40 am
Forum: Personal Investments
Topic: Where Are All the Nominal Treasuries?
Replies: 5
Views: 770

Re: Where Are All the Nominal Treasuries?

jeffyscott wrote: Sat Sep 09, 2023 9:00 am.... it says to check back at 8:30 AM ET (it should say Monday, but doesn't).
Strange, the bond market opens at 8 ET.

Anything special about 8:30?

A month ago I checked spreads for a few Treasuries. 8-830 looked better than 330-4, though not enough data to really say. I didn't check just after 830.
by lazyday
Mon Aug 28, 2023 9:19 am
Forum: Personal Investments
Topic: Are Two Brokerages Preferable to One?
Replies: 66
Views: 7391

Re: Are Two Brokerages Preferable to One?

It seems unlikely that in 200 years, Wellstrade, ETrade/MS, Merrill Edge, JPM brokerage, and Schwab will all still be here. Same for 50 years or 25 years. Maybe your broker merges with another, maybe it fails. Maybe you see it coming, or maybe it's too sudden. Maybe your assets are eventually returned to you. Banks can freeze or close accounts: https://www.nytimes.com/2023/04/08/your-money/bank-account-suspicious-activity.html There's been complaints on Bogleheads about frozen brokerage assets. If anyone notices a good article on brokerage issues, please post it and quote me so I'll see it. Financial institutions are under constant attack. It wouldn't be a surprise if a major bank or broker suffers extended downtime as it recovers from a su...
by lazyday
Mon Aug 28, 2023 8:16 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1202753

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Is it possible to place an I-bond sell order at TD for the bond to be sold at a defined future date? I'd like to sell a bond on Sept 1 without having to remember to do this on that exact date. Earlier this year I went through the menus carefully enough to convince myself that this is probably not possible. You can schedule a purchase, but it seems you cannot schedule a redemption for a date of your choice. At least for me, since at least May of this year, all redemptions are scheduled for two business days in the future. Some posts since May on this thread claim different timing than this, so please check the redemption date and amount onscreen carefully before submitting, if you enter a transaction late in the month. If your account works...
by lazyday
Wed Aug 23, 2023 11:01 am
Forum: Non-US Investing
Topic: Russian Stocks Locked Since War
Replies: 66
Views: 18623

Re: Russian Stocks Locked Since War

Lukoil might buy back some foreign shares, Magnit already has:
https://interfax.com/newsroom/top-stories/93813/ wrote:Lukoil intends to make an offer at a significant discount to the current exchange price….

it is assumed that it will also apply to depositary receipts. The discount to the market value should be at least 50%….

proposed conditions provide for the transfer of 10% of the total amount spent on the buyout to the Russian budget, the source said
https://www.reuters.com/markets/commodities/russias-lukoil-seeks-permission-buy-back-shares-foreign-investors-ifax-cites-2023-08-22/ wrote:Lukoil's planned 50% discount, a requirement demanded by the Kremlin, mirrors a proposal first made by retailer Magnit (MGNT.MM), which finalised its own buyback earlier this month….

According to Refinitiv data, Lukoil's top 10 investors include four Blackrock Inc units with a total of 2.18% of the shares
by lazyday
Wed Aug 16, 2023 3:54 pm
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455478

Re: Trading Treasuries (nominal and TIPS)

Is there a time of day bid/ask spread tends to be smaller?
by lazyday
Wed Aug 02, 2023 1:43 pm
Forum: Investing - Theory, News & General
Topic: Are the Valuations of U.S. Stocks Justified?
Replies: 51
Views: 4648

Re: Are the Valutions of U.S. Stocks Justified?

SimpleGift wrote: Wed Aug 02, 2023 11:16 am1) What accounts for this increase in the earnings growth rate of U.S. large companies?
Some might be from share buybacks. Was dilution worse in the decades before '93?

The low dividend yield in recent decades might not be as bad as it seems, because of buybacks, but the high EPS growth might not be as good as it seems.
by lazyday
Mon Jul 24, 2023 9:39 am
Forum: Investing - Theory, News & General
Topic: Before reporting a financial crime, be sure you have funds in your backup accounts?
Replies: 1
Views: 576

Before reporting a financial crime, be sure you have funds in your backup accounts?

Though it might look suspicious if you wired a third of your money to each of two backups, just before contacting the FBI. "Bank of America told me it was shut down. They refused to give me an explanation. They told me I would get my money after it was resolved," said Nehorai. …. After speaking to Bank of America, we learned that the FBI had flagged Nehorai's account. This was after he says he was the victim of "email masking," where a scammer pretended to be him and asked one of his clients for money. He reported that fraud to the FBI last week. https://www.cbsnews.com/losangeles/news/on-your-side-bank-customers-report-unexpected-account-closures/ Earlier article: https://www.nytimes.com/2023/04/08/your-money/bank-accou...
by lazyday
Tue Jun 06, 2023 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Too much business with one bank?
Replies: 22
Views: 2601

Re: Too much business with one bank?

Jimbo Moneybags wrote: Sun Jun 04, 2023 12:03 pmit is a poor financial practice to give any entity authority to initiate an ACH transfer from ("pull") your bank account(s). Using a credit card or "pushing" a payment via online billpay is much safer for the consumer.
Is this something you've read, or know from working in the industry?

I let insurance and credit card companies ACH directly from my bank. If this is foolish of me, please let me know why. I don't want to bother with manually paying every month unless there's good reason to.
by lazyday
Mon Jun 05, 2023 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Too much business with one bank?
Replies: 22
Views: 2601

Re: Too much business with one bank?

Jimbo Moneybags wrote: Sun Jun 04, 2023 12:03 pmJust don't give them auto-draft or ACH authority for payments on the loans. In fact, it is a poor financial practice to give any entity authority to initiate an ACH transfer from ("pull") your bank account(s). Using a credit card or "pushing" a payment via online billpay is much safer for the consumer.
Letting insurance and credit card companies automatically pull funds from my bank sure is convenient.

Has anyone heard of cases where this caused problems?

Credit card companies mail me paper statements which I quickly look over, usually before they pull funds. If there were something to dispute, I might shut off the auto payment.
by lazyday
Sat Jun 03, 2023 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Savings account as primary?
Replies: 14
Views: 1618

Re: Savings account as primary?

I've been using savings accounts to pay bills maybe for almost as long as I've been banking online. My main bank has two savings accounts. When the 6 transaction limit was enforced I used both to pay bills. The same bank also has a checking account for the rare times I needed to do more than 12 transactions in a month. Normally the checking account had $100 or less. I generally have companies automatically pull from my bank using ACH. There may have been times I had to claim that my savings account was a checking account. But in recent years I don't think that's been necessary for me. I don't keep a large amount of money with the same bank I use to pay bills. Most assets are in brokerage accounts, banks/credit unions with good CDs, and Trea...
by lazyday
Fri Jun 02, 2023 9:46 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1202753

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Does anyone else get kicked out of their account with an error message, after submitting a redemption? If you figure out how to avoid this please either quote me when posting about it, or PM me.

For me, some redemptions work properly. And one of those that seemed to fail did produce a working redemption, but without any email notification. If you get logged out after submitting a redemption, you can check History or Current Holdings to see if there’s a pending redemption.
by lazyday
Fri Jun 02, 2023 7:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Mega-thread
Replies: 1512
Views: 167383

Re: Vanguard Operational Issues

(snip) after decades I’m considering leaving Vanguard. Interested in thoughts and experience of others. Trust is way more important than a few basis points of return. Vanguard was slow in IRA rollovers from and to credit union CDs. But I never noticed any mistakes or failures. There are only three brokers I might consider using: Vanguard ’s ownership structure aligns well with investor interests, as explained by Swensen in Unconventional Success. I trust Vanguard more than others to not find creative ways to skim little bits of money from me, or trick me into making a terrible and costly decision. Especially if I suffer cognitive decline. The culture is said to be conservative, so for example even in a financial apocalypse our accounts mig...
by lazyday
Sat May 27, 2023 3:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard Federal Money Market tops 5%
Replies: 70
Views: 15884

Re: Vanguard Federal Money Market tops 5%

Fallible wrote: Fri May 26, 2023 5:59 pm In his WSJ column today, Jason Zweig, with comment from another Boglehead, Allan Roth, takes up the new rates and CDs:

https://www.wsj.com/articles/cash-inves ... investor_t
https://www.wsj.com/articles/cash-investment-options-short-term-cds-dc49c54d wrote:
This example assumes your early-withdrawal penalty isn’t onerous. It’s vital to check, in advance, that it won’t be. Roth suggests a rule of thumb: If the extra interest you can earn for the remainder of the term is at least twice the penalty you’ll pay, it’s worth breaking the old CD.
Any opinions on that rule of thumb?

In case market timer wants to reply:
market timer wrote: Tue Nov 25, 2014 8:14 pm
by lazyday
Wed May 24, 2023 4:44 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1202753

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Here’s one reason it can be difficult to cash savings bonds in person: Authorities claimed that $1 million in counterfeit savings bonds showed up at South Texas banks as part of one crackdown on a scheme to steal money by cashing phony savings bonds, including inflation-indexed or I Bonds, according to the U.S. Attorney's Office for the Southern District of Texas. Nationwide losses are estimated at over $50 million, according to an alert issued earlier this year by the Oklahoma Bankers Association. …. Con artists might deposit the bond money into the account but then withdraw the money before the financial institution finds out, through the U.S. Treasury, that the savings bonds were fake. The Treasury later makes an adjustment that leaves t...
by lazyday
Tue May 23, 2023 11:08 am
Forum: Personal Finance (Not Investing)
Topic: What are the fewest accounts/institutions you can live with?
Replies: 32
Views: 2771

Re: What are the fewest accounts/institutions you can live with?

MtnTravel wrote: Mon May 22, 2023 9:36 pmCurious about [SIPC] and how often it’s ever been needed.
I once read, if I recall correctly, that SIPC had a reputation for not paying even when they should. This might have been in a financial magazine in the 1990s.

While I have some interest in maximizing SIPC coverage, I have doubt if for example someone with 1 million each at Vanguard and Fidelity would be more safe with ½ million each at Vanguard, Fidelity, Wellstrade, and etrade.
by lazyday
Tue May 23, 2023 6:46 am
Forum: Personal Finance (Not Investing)
Topic: What are the fewest accounts/institutions you can live with?
Replies: 32
Views: 2771

Re: What are the fewest accounts/institutions you can live with?

There can be a compromise between simplicity and reliability. Until recently I was happy to use one bank account for paying bills. Now I’ve decided to have a second bank that would be useful for paying bills, and link to that bank from Treasury Direct and two brokers so the new bank account can be used quickly if needed. Banks can close a customer’s account for any reason, at any time, a point that is buried in the fine print of its customer agreements. When they do dump an account, it’s usually because they’re trying to protect the institution (or the customer) from a potential fraud. It usually starts with an algorithm programmed to detect certain patterns or behavior. …. According to the Consumer Financial Protection Bureau, at least twi...
by lazyday
Sun May 21, 2023 7:15 am
Forum: Personal Consumer Issues
Topic: Yubikey 5 "Bio" key Supported by Vanguard?
Replies: 3
Views: 756

Re: Yubikey 5 "Bio" key Supported by Vanguard?

Any experience on Vanguard or Google/gmail with either the Kensington VeriMark Guard Fingerprint or the YubiKey Bio?

What happens if you touch with the wrong finger? Are you asked for a PIN, do you get an error message, or does the login just work without biometrics?
https://www.pcmag.com/reviews/kensington-verimark-guard-usb-c-fingerprint-key wrote:I enrolled the VeriMark Guard with Dropbox. When I logged into Dropbox on macOS with Firefox, it didn't matter what finger I tapped against the device; I was granted access after entering my password and tapping the device. This is normal behavior for an MFA key. Logging into Dropbox in Chrome on macOS, using the incorrect finger kicked up an error message but worked just fine with the finger I enrolled with the device.
by lazyday
Wed May 17, 2023 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Maximum interest on checking account funds
Replies: 9
Views: 1524

Re: Maximum interest on checking account funds

You are not alone, hence all the diagrams on the wiki: https://www.bogleheads.org/wiki/Fidelity:_one_stop_shop#Suggested_account_usages You can additionally have a separate brokerage that isn't linked to anything. It's arguably easier than using a completely different company, given you can sort Fidelity accounts into different and customized categories and hide them. It does look pretty good: https://www.bogleheads.org/w/images/7/7a/Bdfe9_fully_compartmentalized_2023_04_18.png If checks are only paid to institutions and not individuals, then maybe "Checks" and "Untrusted ACH Pull" might be combined. I could still come up with a few possibly irrational concerns. Maybe Fidelity could wrongly approve a large payment that ...
by lazyday
Wed May 17, 2023 4:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard Patent Expires
Replies: 28
Views: 3929

Re: Vanguard Patent Expires

Those fees are to prevent short term churn, so the liquidity costs fall on those short term traders. Not so here. We are talking about long term every day ordinary trading costs. The longer the period the more favorable the trading costs are to the ETF holders. So to be fair you would need to charge a fee upfront and then refund the fee if the mutual fund shareholders hold too long. Which just won’t fly. If anyone’s interested, here’s the funds with an ETF class that have purchase or redemption fees for traditional mutual fund shares, paid into the fund: https://investor.vanguard.com/investment-products/mutual-funds/fees Click on “See which funds charge purchase & redemption fees” Vanguard funds with purchase & redemption fees Purc...
by lazyday
Tue May 16, 2023 3:55 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Patent Expires
Replies: 28
Views: 3929

Re: Vanguard Patent Expires

There have been, and may still be, some Vanguard funds with ETF class shares where the traditional mutual fund investors paid a fee into the fund when buying or selling. If the fee is set appropriately then perhaps the ETF investors would not be disadvantaged.
by lazyday
Mon May 15, 2023 3:34 pm
Forum: Investing - Theory, News & General
Topic: Direct (non-brokered) CD rates
Replies: 13
Views: 1954

Re: Direct (non-brokered) CD rates

(snips) The local folks have been fine about holding rates The local CUs where I live haven’t had good rates when I’ve checked, and I’ve never seen a good local CU rate on depositaccounts. I did once try to open a local bank CD by phone, but they were so unresponsive I gave up. Maybe I should have just driven there, but I think it’s a bad sign if someone never gets back to me, or promises to send something but never does. At least in a situation where it’s not a nationally available bargain that’s attracted lots of new customers. My experiences with distant credit unions have been varied. A couple times a rate was held for me. Customer service is always very nice on the phone, but sometimes what’s promised doesn’t happen. Sometimes no phon...
by lazyday
Sun May 14, 2023 6:31 am
Forum: Investing - Theory, News & General
Topic: Direct (non-brokered) CD rates
Replies: 13
Views: 1954

Re: Direct (non-brokered) CD rates

(snip) INOVA 17 month 5.5% CD was mentioned. It's under 18 months local deals I missed it in the Local section. Investopedia includes it in their "National" list and says everyone can join. They might be right: https://www.inovafederal.org/about-us/company-eligibility.html Click on T to see Tru Direction, Inc. which Investopedia mentioned in my earlier quote. I really like the CD Deals Summary / Survey you linked. But when CD deals aren’t great I might use TIPS or nominal Treasuries, and check https://www.depositaccounts.com/ira/5-year-ira-rates.html early each month if I remember to. Rather than try to keep track of when a new Summary is available. Before making any new decision, and when a CD is maturing, I’ll also check the Su...
by lazyday
Sat May 13, 2023 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Overzealous Capital One "consumer protection"?
Replies: 31
Views: 9481

Re: Overzealous Capital One "consumer protection"?

Super Hans wrote: Fri May 12, 2023 5:45 pm(snip) I'm not aware of them offering any products presently that are market leaders
If you live near a branch and want a local savings account not connected to a brokerage account, Capital One might have the highest interest rate. Especially if you want savings attached to free checking with no minimum balance, no required transactions.

Your branch might offer signature guarantees, but probably won’t cash savings bonds.

But if someone thinks they might desperately need to use a local bank someday, it might make more sense to keep a Chase savings account with $300. More services offered, and probably many more branches. So I’d think it’s more likely you could find someone able to do what you need.
by lazyday
Sat May 13, 2023 6:35 am
Forum: Investing - Theory, News & General
Topic: Direct (non-brokered) CD rates
Replies: 13
Views: 1954

Re: Direct (non-brokered) CD rates

I monitor this with Depositaccounts and institutions I've dealt with previously Depositaccounts seems to be missing lots of credit unions in their top rate list. Looks like I also need to be checking directly. I had or have IRA certificate accounts at 11 credit unions which were or are available nationwide. At https://www.depositaccounts.com/ira/5-year-ira-rates.html I clicked Show All near the bottom to see all 168 banks and credit unions. Only 4 of my 11 are in the list! INOVA 5.5% 17 month CD As you've noticed, this is missing from depositaccounts rates list. But it is on investopedia's list. https://www.investopedia.com/certificates-deposit-news-7111770 Click on the latest “Top CD Rates Today”. You could ignore the first table if you q...
by lazyday
Fri May 12, 2023 3:00 pm
Forum: Investing - Theory, News & General
Topic: Direct (non-brokered) CD rates
Replies: 13
Views: 1954

Re: Direct (non-brokered) CD rates

Sometimes there are direct CDs with much better rates than the best brokered. Maybe more than 50 bps better. There also can be benefits such as moderate early withdrawal penalties, add on options, or step up. Though I doubt step up / rate bump is often useful. A good direct CD is often difficult to open before the rate changes, especially if investing in an IRA. More than once I’ve had to transfer an IRA back out of credit unions that wouldn’t hold the rate for me. For a $10,000 IRA CD it probably isn’t worth the trouble. I buy larger CDs than I really want, and ideally 5 to 7 years to not have to move the money soon. So my ladder is missing rungs, and is usually shorter or longer than I’d prefer. For 200,000 each CD in taxable it’s probabl...
by lazyday
Fri May 12, 2023 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Where do you bank and why? 2023 Edition
Replies: 306
Views: 39070

Re: Where do you bank and why? 2023 Edition

manlymatt83 wrote: Fri May 12, 2023 7:49 amthousands in extra cash over the next, let’s say 3 years
Also see the recent "Maximum interest on checking account funds" thread:
viewtopic.php?t=404261
by lazyday
Thu May 11, 2023 10:03 am
Forum: Investing - Theory, News & General
Topic: Reminder to look at your account statements
Replies: 12
Views: 2595

Re: Reminder to look at your account statements

For bank accounts using ACH, it might be enough to look every other month. https://www.nacha.org/news/which-60-days-it-understanding-different-periods-regulation-e-and-nacha-rules For paper checks, it might depend where you live. https://www.occ.gov/topics/consumers-and-communities/consumer-protection/depository-services/checking-accounts.html#somethingwrong Your bank might insist that you authorized the fraudulent transactions and refuse to reimburse, so looking every month might be safer. For brokerage accounts it might be wise to check once a month. Fidelity’s guarantee requires you to report by phone within 30 days. Merrill 60 days. https://www.fidelity.com/security/customer-protection-guarantee https://www.ml.com/privacy-and-security-c...
by lazyday
Wed May 10, 2023 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Maximum interest on checking account funds
Replies: 9
Views: 1524

Re: Maximum interest on checking account funds

(snip) [Fidelity] standard brokerage account can use SPAXX as its core position and functions identically to the CMA (including free checks, debit cards, and bill pay), just without ATM fee reimbursement This looks like a great choice for those who either aren’t worried about fraud, or don’t expect to hold significant assets at Fidelity. When 1 month T Bills are paying 10%, incoming cash might earn something like 9.6%. Compared to maybe 0.45% at Schwab until you manually move it. I don’t want to link a brokerage account to credit card companies, utilities, insurance, etc. More chances for data leaks and fraud. Some people might be able to use a savings account instead of a checking account. It seems that the 6 withdrawals/month regulation ...
by lazyday
Tue May 09, 2023 8:00 am
Forum: Investing - Theory, News & General
Topic: Are brokered CDs insured?
Replies: 6
Views: 962

Re: Are brokered CDs insured?

Perhaps “company” in Investopedia’s advice is the broker, not the bank. In a financial disaster with multiple failures, I don’t know if it’s possible for an insolvent broker to fail to credit your account after FDIC kicks in.
by lazyday
Thu May 04, 2023 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: [Same-day or fast ACH transfers]
Replies: 42
Views: 3220

Re: Savings accounts with fast ACH transfers

snowman wrote: Thu May 04, 2023 10:10 am Marcus to Fidelity ACH is same day.
Pushed from Marcus?
evancox10 wrote: Thu May 04, 2023 9:41 amwhich direction do you want to be fast?
snowman wrote: Thu May 04, 2023 10:10 am Not sure what you are trying to accomplish, but here is my setup ....
I want a backup for my main bank account in case it’s ever frozen.

So I would link this new account to most of my other accounts. Would prefer to keep the new account for the long term, and avoid making those links to yet another bank.

The new account might also be useful even without losing access to my old one. Such as if it’s faster in making incoming funds available for withdrawal when pushed from a broker or from Treasury Direct. Or if it’s faster in sending funds.
by lazyday
Thu May 04, 2023 8:29 am
Forum: Personal Finance (Not Investing)
Topic: [Same-day or fast ACH transfers]
Replies: 42
Views: 3220

Re: Savings accounts with fast ACH transfers

kalarama wrote: Wed May 03, 2023 12:22 pm Bask Bask has been the fastest ACH transfers of all HYSA I have used.
In case it matters, note that you can only link 2 accounts:
https://www.baskbank.com/faq wrote:Two (2) External accounts may be linked to your Bask Accounts.
MARCUS customers:

Have you successfully used same day ACH? Or sent a wire from Marcus to yourself without needing to get a person on the phone?

Any problems with direct debit to pay credit cards, utilities? Or linking ACH with Treasury Direct and with brokerages?

When redeeming a no penalty CD early, is the money instantly available?
by lazyday
Wed May 03, 2023 10:41 am
Forum: Personal Finance (Not Investing)
Topic: [Same-day or fast ACH transfers]
Replies: 42
Views: 3220

[Same-day or fast ACH transfers]

[Title was "Savings accounts with fast ACH transfers" --admin LadyGeek] Please suggest FDIC or NCUA insured deposit accounts with fast ACH, and maybe other fast EFT. Here’s three I haven’t tried: ALLIANT CREDIT UNION Alliant prides itself on making its members’ funds available to them as quickly as possible. When most banks were making ACH deposits available to their customers only after a 2-day lag, Alliant processed nearly all of its ACH transfers within one business day. Now, we’re making funds available even faster. With same-day ACH, all ACH transfers sent from your originating financial institution by 1:45pm CT will post by 5:00pm the same day! Although we are not offering outbound same day ACH now, we are working on system...
by lazyday
Tue May 02, 2023 11:14 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1202753

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

lazyday wrote: Mon May 01, 2023 10:35 amkicked out of a session
Update: Today I was able to redeem with no problem.
by lazyday
Mon May 01, 2023 10:35 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1202753

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

calwatch wrote: Mon May 01, 2023 12:40 am.... still says "Not Available" for the rates on the I Bonds which are resetting today
Yes, although the redemption amount shown is correct according to eyebonds.info.

Trying to redeem them I get logged out. Both today and yesterday, both from viewing a single bond and from Manage Direct.

Some time ago Treasury customer service essentially told me that getting kicked out of a session can lead to being locked out of your account. Good luck to everyone trying to redeem!
by lazyday
Sun Apr 30, 2023 8:52 am
Forum: Personal Investments
Topic: Help me figure out my I-Bond interest.
Replies: 16
Views: 2149

Re: Help me figure out my I-Bond interest.

PaunchyPirate wrote: Sat Apr 29, 2023 11:25 am.... need to step back 3 months from the value shown for the first 5 years.

http://eyebonds.info/ibonds/
Thanks, very nice page for seeing the already known future redemption values up to when the November 2022 rates end. Which is exactly when I expect to redeem most of my I bonds.

For bonds under 5 years old, I’m just adding 3 months of time after the last entry. (The May 2023 rates aren’t showing yet.)
by lazyday
Mon Mar 20, 2023 9:47 am
Forum: Personal Investments
Topic: Load on 5.5% CDs?
Replies: 23
Views: 5716

Re: Load on 5.5% CDs?

Tom_T wrote: Fri Mar 17, 2023 10:14 am 5 yr 4.8% (Amex)
4 yr 4.95% (Morgan Stanley)
3 yr 5% (Morgan Stanley)
2 yr 5.25% (Morgan Stanley)
18 mo 5.35% (Schwab)
Thanks NNJBIH1957 and Tom_T.

This morning I also saw:

3 yr 5.05% Customers Bank
2.5 yr 5.1% Customers Bank

FDIC, non-callable.
https://www.depositaccounts.com/banks/c ... tml#health
by lazyday
Wed Nov 03, 2021 5:21 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 7737
Views: 1337453

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

sc9182 wrote: Tue Nov 02, 2021 5:44 pm
lazyday wrote: Tue Nov 02, 2021 3:08 pm (snip)
IRAs don't seem eligible:
The following accounts are ineligible to receive any cash deposit: any retirement, custodial or trust.
(snip)
Last time us and others checked: IRAs worked just fine.
From a quick search of this thread, it looks like an IRA bonus may have been given, and put into the taxable account.

I suppose anyone wanting an IRA could try to get something in writing.

We support:

Brokerage Accounts (Individual, Joint)
Retirement Accounts (Traditional, Roth, SEP IRAs)
Trust Accounts
Custodial Accounts
by lazyday
Tue Nov 02, 2021 3:08 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 7737
Views: 1337453

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

sc9182 wrote: Tue Nov 02, 2021 2:17 pm In the following offer, which tops out at $4,000 for $2 Million transfer-in, or lower tiers available: and requires 150 some days holding period:
https://www.m1finance.com/november-transfer/
Nice bonus.

IRAs don't seem eligible:
The following accounts are ineligible to receive any cash deposit: any retirement, custodial or trust.
Be sure your securities are traded by M1:
any security transferred via ACATS that is not traded by M1 will be liquidated, including but not limited to Mutual Funds and Over-The-Counter securities.
And maybe don't play games:
M1 Finance may charge the account for the cost of the offer at its sole discretion.
by lazyday
Fri Aug 13, 2021 7:02 pm
Forum: Investing - Theory, News & General
Topic: Edward Chancellor reviews bubble/mania books and discusses today’s bubble
Replies: 3
Views: 1142

Edward Chancellor reviews bubble/mania books and discusses today’s bubble

https://www.nybooks.com/articles/2021/08/19/speculative-bubbles-waiting-to-deflate/ https://archive.is/Uyt8O Chancellor, formerly of GMO and author of a bubble book himself, reviews Bill Bernstein’s The Delusions of Crowds: Why People Go Mad in Groups, and Boom and Bust: A Global History of Financial Bubbles by William Quinn and John D. Turner. Last year the Federal Funds Rate was reduced to zero and the US central bank doubled the size of its securities holdings. As a result, the money supply surged, and US Treasury yields fell to an all-time low. Easy money has encouraged the use of leverage: earlier this year, a fund run by the Korean-born investor Bill Hwang lost billions of dollars; Hwang is believed to have leveraged his investments b...
by lazyday
Fri Mar 12, 2021 3:49 pm
Forum: Investing - Theory, News & General
Topic: American Rescue Plan Act of 2021 Signed
Replies: 71
Views: 9763

Re: American Rescue Plan Act of 2021 Signed

https://www.cms.gov/newsroom/fact-sheets/american-rescue-plan-and-marketplace When will the extra tax credits be available on HealthCare.gov? Increased premium tax credits based on the lower income contribution percentage along with expanding tax credit access to consumers with household incomes above 400%, will be available through HealthCare.gov starting on April 1. This means that new consumers and current enrollees who submit an application and select a plan on or after April 1 will receive the increased premium tax credits for 2021 Marketplace coverage. Extra tax credits for consumers receiving unemployment compensation will be available starting this summer. If I’m currently enrolled in a Marketplace plan, how do I receive the additio...