Search found 60 matches

by frugaltigris
Mon Oct 28, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5172

Re: Who does your tax returns?

Myself, by hand, since first file. Will continue to do so. Have learnt a lot in process about tax code.
by frugaltigris
Mon Oct 28, 2019 9:45 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4312

Re: Do You Pay For Financial Advice?

I buy good finance books. That's how I pay.
by frugaltigris
Mon Oct 28, 2019 9:40 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8793

Re: How much do you plan to spend on your children's weddings?

My child is more frugal than I am. He despises spending money on useless things. I think he'll have a really simple wedding and I'll contribute what I think is really necessary.
by frugaltigris
Tue Oct 22, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: Schwab to allow fractional stock trading (WSJ)
Replies: 37
Views: 4566

Re: Schwab to allow fractional stock trading (WSJ)

Are we now close to auto investing for ETFs? Is this beginning of the end of index fund era?

This can potentially bring profound changes at various levels.

Well done Schwab. Fidelity must follow.
by frugaltigris
Sun Oct 20, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Capital gains vs Return after taxes and sale of fund shares
Replies: 3
Views: 830

Re: Capital gains vs Return after taxes and sale of fund shares

Thanks for your reply. I agree and share your sentiment. That is why I posted above numbers which seem to show that tax-inefficiency of Fidelity index funds is not as bad as I often read here, especially if one is interested in cashing out these funds eventually. In some situations they seem to be b...
by frugaltigris
Sun Oct 20, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: Capital gains vs Return after taxes and sale of fund shares
Replies: 3
Views: 830

Capital gains vs Return after taxes and sale of fund shares

Hi Folks, I am confused with tax efficiency of non-Vanguard index funds. I understand that due to patent, Vanguard index funds do not distribute capital gains and as a result they are more tax efficient. But what I am confused about is the Return after taxes and sales of all fund shares. If I look a...
by frugaltigris
Mon Oct 14, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7608

Re: Vanguard keeps pushing their financial advisors...why?

In the last few months we are getting one email after another from Vanguard saying USE OUR Financial Advisors!!! They have begi=un a big push for this it seems. Does anyone know what they are thinking and what else might be changing at Vanguard? We were used to, in the past, being respected as want...
by frugaltigris
Mon Oct 14, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7608

Re: Vanguard keeps pushing their financial advisors...why?

Fidelity runs national TV ad campaigns which conveniently fail to mention how their interest rates on cash stacks up against Vanguard. You can remove yourself from the Vanguard mailings. I do not and have never received them. Update your communication and marketing preferences. No where in my maili...
by frugaltigris
Sun Oct 13, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7608

Re: Vanguard keeps pushing their financial advisors...why?

I have accounts in Fidelity and vanguard. Vanguard keeps sending such emails. Fidelity does not.
by frugaltigris
Fri Oct 11, 2019 1:38 pm
Forum: Investing - Theory, News & General
Topic: Fidelity to $0 Commissions
Replies: 86
Views: 8899

Re: Fidelity to $0 Commissions

Well, this will leave me with a money market fund at VG and nothing else. VG now only has three real advantages: 1. Principle. If you believe strongly enough in Vanguard being the proximate cause of the cost of investing dropping enough to give them your business as a result, rather than take advan...
by frugaltigris
Fri Oct 11, 2019 1:36 pm
Forum: Investing - Theory, News & General
Topic: Fidelity to $0 Commissions
Replies: 86
Views: 8899

Re: Fidelity to $0 Commissions

Again: one can obtain a tax benefit holding a VG mutual fund that can’t be obtained anywhere else. Those suggesting anything else are the dictionary definition of uninformed. It can be obtained in many places by holding an ETF instead of a mutual fund... Furthermore, the patent expires in a few yea...
by frugaltigris
Fri Oct 11, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: Fidelity to $0 Commissions
Replies: 86
Views: 8899

Re: Fidelity to $0 Commissions

Even this benefit is grossly overstated by Vanguard supporters. E.g. Last time I checked, Fidelity Total Stock Market has averaged only 0.5% capital gains distributions/year over the last ten years. For most people that represents only a 0.5% * 15% = 0.0075% tax drag. Can you tell us which index mu...
by frugaltigris
Fri Oct 11, 2019 1:25 pm
Forum: Personal Consumer Issues
Topic: Best No Annual Fee Visa Credit Card with Cash Back
Replies: 56
Views: 4892

Re: Best No Annual Fee Visa Credit Card with Cash Back

Fidelity 2%. It is my only card.
by frugaltigris
Fri Oct 11, 2019 11:44 am
Forum: Personal Investments
Topic: Vanguard Transfer Mistake
Replies: 10
Views: 1215

Re: Vanguard Transfer Mistake

Vanguard made this mistake based on a mega back door that you correctly entered online? Good reason for keeping print screens of online transactions before and after hitting “Submit” if needed to prove to Vanguard there was an error. The print screens were useful in getting Vanguard to correct the ...
by frugaltigris
Fri Oct 11, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: Fidelity to $0 Commissions
Replies: 86
Views: 8899

Re: Fidelity to $0 Commissions

Even this benefit is grossly overstated by Vanguard supporters. E.g. Last time I checked, Fidelity Total Stock Market has averaged only 0.5% capital gains distributions/year over the last ten years. For most people that represents only a 0.5% * 15% = 0.0075% tax drag. Can you tell us which index mu...
by frugaltigris
Tue Oct 08, 2019 8:43 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15875

Re: How many are switching from Fidelity?

Does Fidelity charge a commission fee for the sale of ETFs? I have Fidelity accounts and own some ETFs they charge me to buy but I haven't ever sold anything. They have 500+ etfs for free trade (mostly Ishares). They don't charge fee for Ishares. There are many ETFs where they charge fee of $4.95 b...
by frugaltigris
Wed Oct 02, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 6665

Re: If you use Vanguard (Brokerage), why do you stay?

Till Vanguard has tax efficient MFs it is difficult to argue why leave Vanguard. When Vanguard patent expires and if Fidelity offers tax efficient funds I would switch.

For MF investors in taxable accounts, Vanguard wins.
by frugaltigris
Tue Oct 01, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Is "after tax" info available other than from Fidelity
Replies: 12
Views: 1018

Re: Is "after tax" info available other than from Fidelity

It is meaningless because your tax costs are specific to your own income and situation. In fact mutual funds are not taxed as entities themselves, so it doesn't even make any sense to talk about after tax performance of a fund. I admit I don't understand why this do this. I do know that what they d...
by frugaltigris
Tue Oct 01, 2019 9:46 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges
Replies: 106
Views: 10090

Re: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges

Well Fidelity changed their Welcome page today. Pretty amusing. Seems they are panicking.
They state "Investing isn't just about money – it's about your future"

Come on Fidelity, do a comparison with Schwab! :D
by frugaltigris
Tue Oct 01, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity taxable: which is better - ETF or Mutual Fund?
Replies: 31
Views: 2379

Re: Fidelity taxable: which is better - ETF or Mutual Fund?

Data is from Fidelity website. For IVV: Go to https://screener.fidelity.com/ftgw/etf/goto/snapshot/keyStatistics.jhtml?symbols=IVV and then click on Performance and Risk on left and scroll down to Quarter-End Average Annual Total Returns Data for Fidelity index fund can be found easily on Fidelity w...
by frugaltigris
Tue Oct 01, 2019 8:43 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges
Replies: 106
Views: 10090

Re: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges

This is good news. Let us see how Fidelity and Vanguard react. My guess is that Fidelity would react and Vanguard would ignore.
by frugaltigris
Tue Oct 01, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity taxable: which is better - ETF or Mutual Fund?
Replies: 31
Views: 2379

Re: Fidelity taxable: which is better - ETF or Mutual Fund?

Hi, This is just a quick question. In a Fidelity taxable account: 1. For total stock market, which is more recommend: ITOT (iShares Core S&P Total Market ETF) or FZROX (Fidelity ZERO Total Market Index Fund) 2. And for S&P 500, which is more recommend: IVV (iShares Core S&P 500 ETF) or FXAIX (Fidel...
by frugaltigris
Mon Sep 30, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity taxable: which is better - ETF or Mutual Fund?
Replies: 31
Views: 2379

Re: Fidelity taxable: which is better - ETF or Mutual Fund?

Hi, This is just a quick question. In a Fidelity taxable account: 1. For total stock market, which is more recommend: ITOT (iShares Core S&P Total Market ETF) or FZROX (Fidelity ZERO Total Market Index Fund) 2. And for S&P 500, which is more recommend: IVV (iShares Core S&P 500 ETF) or FXAIX (Fidel...
by frugaltigris
Tue Sep 10, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: Piano keyboard suggestion
Replies: 21
Views: 1776

Re: Piano keyboard suggestion

I researched this a lot some months back. Ended up getting Roland FP10. It has weighted keys and a pedal. Its key action is better than similar range Yamahas.
by frugaltigris
Tue Sep 10, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: [Frustrated with Vanguard advisory service] Procedures on Death of a Spouse
Replies: 47
Views: 4842

Re: Vanguard Insane (?) Procedures on Death of a Spouse

OP, I am very sorry to hear about your loss. I am shocked by this response from Vanguard. I have accounts at Fidelity and Vanguard and have been thinking to move taxable portion to Vanguard to make things easier for my wife in our joint account. (She prefers MF rather than ETFs). Your description of...
by frugaltigris
Thu Aug 22, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: tax efficiency of funds vs ETFS - better to stay the course than chase a few bp
Replies: 4
Views: 427

Re: tax efficiency of funds vs ETFS - better to stay the course than chase a few bp

Thanks for this analysis OP. But I will be careful with Morning Star figures. This is a question I am myself pondering with for Fidelity index funds as I prefer investing in MF rather than ETfs. I'll try to calculate these numbers too. If the difference between Ishares ETF's and Fidelity index funds...
by frugaltigris
Wed Aug 21, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard's "Bogle Site" gone, but most material available at johncbogle.com
Replies: 59
Views: 12032

Re: Vanguard's "Bogle Site" gone? Hopefully just a glitch.

I would have expected Vanguard preserving website links to Jack Bogle. How much effort does it take? None. I can understand that they would not have maintained them, but removing them is not a good sign. Is Vanguard delinking itself from John C Bogle's philosophy? I hope not. Jack was no less than a...
by frugaltigris
Tue Aug 20, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity taxable account users: Do you use ETfs or Fidelity index funds?
Replies: 9
Views: 621

Fidelity taxable account users: Do you use ETfs or Fidelity index funds?

Hi All, One thing I have often read on this board is that Fidelity index funds are not tax efficient. As a reason I myself invest so far only in IShares ETfs. I guess many Fidelity users here use ETfs. But ETFs involve active trading which I wish to avoid. I am wondering what is the percentage of us...
by frugaltigris
Tue Aug 20, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1202
Views: 147619

Re: Fidelity as a one stop shop

HI All, I think Fidelity as one stop shop is a great idea. I have CMA, brokerage, HSA, 403(b) accounts for me and DW there. I have used Fidelity debit card internationally and it has given my excellent exchange rate and reimbursed foreign ATM fee. I usually maintain only a couple of thousand in my C...
by frugaltigris
Tue Aug 20, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 6692

Re: Vanguard vs. Fidelity??

I am myself in similar dilemma. Have accounts at both and I am wondering whether I should consolidate to just one. I like Fidelity instead of Vanguard, but isn't it true that Fidelity index funds are not tax efficient? For those who wish to have automatic investments and not ETFs, then isn't Vanguar...
by frugaltigris
Tue Jun 04, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Costco or Sam's Club?
Replies: 134
Views: 9487

Re: Costco or Sam's Club?

Sams knows how to manage crowd. Costco wants people to stay in store and buy more.
by frugaltigris
Tue Jun 04, 2019 12:01 pm
Forum: Personal Consumer Issues
Topic: Costco or Sam's Club?
Replies: 134
Views: 9487

Re: Costco or Sam's Club?

I had Costco membership for 2 years, I gave it up. I have continuous Sams (plus) membership since last 6 years. No plans to give it up. For me shopping is about value, and Sams fills that spot perfectly. I spend more at Costco buying unecessary things, not at Sams. Costco is over-crowded, Sams is go...
by frugaltigris
Fri Apr 19, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: DW worried about What if ...? Wishes to pay off mortgage
Replies: 33
Views: 3300

Re: DW worried about What if ...? Wishes to pay off mortgage

Dear All, Thanks very much for all the suggestions. They are very helpful. I have some questions: Is it fine if we have employer based life insurance (which we currently have of 500K each) or shall we get a separate term life insurance independent from employer? Is it possible to include non-US resi...
by frugaltigris
Fri Apr 19, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: DW worried about What if ...? Wishes to pay off mortgage
Replies: 33
Views: 3300

DW worried about What if ...? Wishes to pay off mortgage

Hi Everyone, I apologize that some of these will be newbie questions. I have learned a lot on this forum which has benefited me a lot, but as you will realize I am novice on some basic things. Please help with your advise and as always be kind to this newbie's stupid questions. We are in early 40's ...
by frugaltigris
Thu Feb 28, 2019 9:49 am
Forum: Personal Investments
Topic: Customer Service with Vanguard
Replies: 264
Views: 16507

Re: Vanguard Customer Service is Horrible

I have had a taxable account at Vanguard for last 1 year and I have now decided to move to Fidelity to consolidate everything. Here are some experiences from customer service: 1. Most recently I called to convert one of my MF to the corresponding ETF. I was told by rep that the only way he can help ...
by frugaltigris
Fri Nov 16, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1057
Views: 103290

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

HI Everyone. A novice question. I have an account at Healthequity through my employer. I already have opened Fidelity HSA account. What is the easiest way to move my monies from Healthequity to Fidelity? At Healthequity I am invested in Vanguard funds, and I am fine in turning them to cash.
by frugaltigris
Thu Oct 18, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: Any one have a Rotimatic?
Replies: 6
Views: 1358

Re: Any one have a Rotimatic?

I eat rotis almost everyday, cooked by my DW to perfection. I can make my own, though not as good as my DW. We don't use rotimatic. My brother's family uses it and the rotis which turn out are no where in comparison to hand made ones. Difference of gold and dust. Rotis are not soft, machine is clunc...
by frugaltigris
Tue Jun 19, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 3168

Re: Would you pay off mortgage in my situation?

Thank you so much for sharing this wisdom. Really very grateful. You have 200 monthly payments left, which means that the effective duration for paying down your mortgage (weighted average of the time until all future payments) is about eight years. I am sorry for a novice question but is there a ca...
by frugaltigris
Tue Jun 19, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 3168

Re: Would you pay off mortgage in my situation?

I am sorry for a novice question but is there a calculator to compute effective duration for paying down interest. I understand that after some years, my interest portion on the mortgage will be almost all paid off. But I would like to learn how we got the effective 8 years remaining on my mortgage....
by frugaltigris
Mon Jun 18, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 3168

Re: Would you pay off mortgage in my situation?

Thank you everyone. All these suggestions are very helpful as they are forcing me to think outside my comfort zone. From overall responses, I am realizing that despite still being far away from retirement and with a very stable job, I am extremely risk aversive. It will be good to change my thinking...
by frugaltigris
Mon Jun 18, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 3168

Re: Would you pay off mortgage in my situation?

Net worth is 300K only. If I pay off house fully, then it will be 50% of my total net worth. Asset allocation in my tax advantaged accounts (including 403(b), 457, Roth and HSA) is 60:30:10 (stocks:bonds:cash) OP, 1) What is your net worth besides the house? Would you put too much your eggs into the...
by frugaltigris
Mon Jun 18, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 3168

Re: Would you pay off mortgage in my situation?

Thank you everyone. No I do not plan to move (hopefully ever). Apart from kid's college (in 8 years; he has a decent 529), I do not see a major event requiring a big chunk of money. We drive old reliable cars. Live frugally. Current mortgage is $831 (principal + interest). If I pay off all mortgage,...
by frugaltigris
Mon Jun 18, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 3168

Re: Would you pay off mortgage in my situation?

Thanks. No other debt. And I am not of the kind to view mortgage as a debt. I am just too conservative to deploy all savings in taxable in stocks. If your choices are restricted to buying CDs or paying off the mortgage, then I would pay off the mortgage at current interest rates. I would give myself...
by frugaltigris
Mon Jun 18, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early
Replies: 43
Views: 5121

Re: Paying off mortgage early

Thanks Thanks for sharing this. I am in a similar situation and debating whether to pay it off. Can you please share the way to earn 3.25% tax deferred? I still owe on a mortgage (about 50K at 3.25%). If I stick to scheduled payment it will be paid off when I'm 68. I plan to retire before 68. Curren...
by frugaltigris
Mon Jun 18, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 3168

Would you pay off mortgage in my situation?

Fellow Boglheads, Sorry for bringing up another mortgage pay off thread. But I will be grateful for all your advise. I have a 3.375% 30 year mortgage with 200 monthly payments and 130K principal left. I am thinking to pay it off in next couple of months. That will use all liquidity except in our eme...
by frugaltigris
Mon Jun 18, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early
Replies: 43
Views: 5121

Re: Paying off mortgage early

Thanks for sharing this. I am in a similar situation and debating whether to pay it off. Can you please share the way to earn 3.25% tax deferred? I still owe on a mortgage (about 50K at 3.25%). If I stick to scheduled payment it will be paid off when I'm 68. I plan to retire before 68. Currently it ...
by frugaltigris
Tue Oct 24, 2017 7:50 pm
Forum: Personal Investments
Topic: Who's got too much RE in India ??. Time to cash out??
Replies: 31
Views: 4268

Re: Who's got too much RE in India ??. Time to cash out??

I agree with your plan then. If there is overall profit, then sell it.

My FDs faced the same fate. I am debating whether to cut losses or keep them there forever.

Using debit card will charge you about 3.5% here, and on top of it there will ATM fee. You will still come out ahead with a wire.
by frugaltigris
Tue Oct 24, 2017 7:37 pm
Forum: Non-US Investing
Topic: FDs in India: Cut losses or a slow death?
Replies: 12
Views: 2626

Re: FDs in India: Cut losses or a slow death?

There is negligible fee to break FDs.

However, I am not sure how can I declare a loss due to currency depreciation even after I close the FDs and repatriate back. It seems that for personal accounts, this is not possible.
I will be grateful for all the advice.