Search found 55 matches

by chinchin
Sat Oct 03, 2020 11:39 pm
Forum: Investing - Theory, News & General
Topic: Admiral Shares
Replies: 17
Views: 1542

Re: Admiral Shares

Or, they could allow buying fractional shares of ETFs which would really make their mutual funds obsolete (for most cases).
by chinchin
Sat Oct 03, 2020 11:28 pm
Forum: Personal Consumer Issues
Topic: Uber Eats billing
Replies: 5
Views: 1082

Uber Eats billing

Every day this week, I've been getting Uber Eats. Every payment has gone through to my credit card, except for Thursday's charge. Uber sent me a receipt that they charged my credit card (Amex) that was stored in the app, but the bank doesn't show it. I also ordered Uber Eats on Friday. I didn't noti...
by chinchin
Sat Sep 12, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Cash App linked to Vanguard Brokerage to pay bills
Replies: 19
Views: 1370

Re: Cash App linked to Vanguard Brokerage to pay bills

jacoavlu wrote: Fri Sep 11, 2020 9:33 pm besides, have you gone to the app store and read reviews for the Cash app?

happy Schwab bank and brokerage customer here for 15+ years
It's the top rated finance app.
by chinchin
Sat Sep 12, 2020 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Apps Security- Unauthorized usage
Replies: 7
Views: 604

Re: Apps Security- Unauthorized usage

My phone is secured with Touch ID. Therefore all the apps on it are secured with Touch ID. All my financial apps have additional layer of another Touch ID or password check.
by chinchin
Wed Sep 09, 2020 12:50 pm
Forum: Personal Consumer Issues
Topic: Please help me, need to buy a computer
Replies: 128
Views: 6460

Re: Please help me, need to buy a computer

Apple vs PC should be decided based on what operating system (OS) you need. If you want Windows, buy a PC. Determine what programs you need and what OS they run on. If you're using Windows now, it's probably easier to stick with it. Most retailers will sell a PC with Windows pre installed. All Macs ...
by chinchin
Wed Sep 09, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 13159

Re: Buying vs. Renting Principles

After realizing that I'm paying more to rent an apartment than to own, I will likely buy something next year. Unfortunately I may have to break the 2-3x rule and the Coastal rule of OP.
by chinchin
Wed Sep 09, 2020 11:53 am
Forum: Personal Consumer Issues
Topic: Credit Card Charge Dispute Who Generally Prevails?
Replies: 51
Views: 3801

Re: Credit Card Charge Dispute Who Generally Prevails?

Happy to report that the coffee co is sending me the missing items. Customer service is not dead! :beer
by chinchin
Sun Sep 06, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 205
Views: 13159

Re: Buying vs. Renting Principles (Sticky Thread Request)

US median household income is $61,937. So median American should only buy a $124k home? Median US hone price is $320k. Only 12% of US homes were under $125k. US individual median income is $33,706, guess single people can't buy a home at all. https://www.statista.com/statistics/505291/home-purchase-...
by chinchin
Sat Sep 05, 2020 10:44 pm
Forum: Personal Consumer Issues
Topic: Credit Card Charge Dispute Who Generally Prevails?
Replies: 51
Views: 3801

Re: Credit Card Charge Dispute Who Generally Prevails?

If the credit card company takes your side in the dispute, can you get black balled from the merchant? Does the CC take the money back from the merchant, or do they write it off themselves? I like the coffee co I am in a dispute with and don't want to get banned. But I also want the $55 of product I...
by chinchin
Fri Sep 04, 2020 12:05 pm
Forum: Personal Consumer Issues
Topic: Credit Card Charge Dispute Who Generally Prevails?
Replies: 51
Views: 3801

Re: Credit Card Charge Dispute Who Generally Prevails?

Bought some Hawaiian coffee and some misc. snacks and accessories. They sent me everything but the coffee. Even though their packing slip shows it checked off. The thing is there is no way it would have fit in the Fedex box they used. I used a Navy Federal branded Amex card. Emailed the coffee compa...
by chinchin
Mon Aug 31, 2020 7:05 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28360

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Good day for Dad, he made about $126k today from TSLA! :greedy :moneybag
by chinchin
Mon Aug 31, 2020 1:32 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28360

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Hello all, My dad just told me he has surpassed one million in Tesla . He's 60 years old , 5 years left to retirement. Has a total portfolio of 3 million and RE worth 2 million. His portfolio holdings consist of individual companies such as Tesla , apple, Nvidia , AMD , GE and some other companies....
by chinchin
Mon Aug 31, 2020 1:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard seems to have web online sign on problem
Replies: 145
Views: 6710

Re: Vanguard seems to have web online sign on problem

I'm logged into my Fidelity account and have this message on my portfolio page: Due to high volume, you are temporarily seeing a simplified version of your summary page. Impressive, as that means there is indeed a large volume today. However, Fidelity knows how to handle it. Anyone know why there w...
by chinchin
Sat Aug 29, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: Why is Apple doing a stock split?
Replies: 35
Views: 3173

Re: Why is Apple doing a stock split?

How many people can afford to spend $500 for a single share of stock? On the other hand, fans of your company might be able to buy a couple of shares for $250. The company I used to work for also did stock splits when the price got too high. It was to keep the price down at a level where individual...
by chinchin
Sat Aug 29, 2020 9:21 am
Forum: Investing - Theory, News & General
Topic: Winklevoss: The Case for $500,000 Bitcoin
Replies: 349
Views: 23685

Re: Winklevoss: The Case for $500,000 Bitcoin

Crypto is already being used for international remittances as the IMF explains.

https://twitter.com/imfnews/status/1297 ... 27621?s=21
by chinchin
Sat Aug 22, 2020 11:22 am
Forum: Personal Investments
Topic: Assets at Single, or Multiple Brokerages?
Replies: 19
Views: 1295

Re: Assets at Single, or Multiple Brokerages?

You're actually increasing your risk exposure to any one broker failing, by using more brokerages. However your odds of having access to at least some of your money, conditional on one of your brokerages failing, goes up if you have multiple brokerages. I opened up a second account not to decrease m...
by chinchin
Wed Aug 19, 2020 7:59 am
Forum: Personal Investments
Topic: Disappointed with Vanguard service. Better options?
Replies: 80
Views: 7294

Re: Disappointed with Vanguard service. Better options?

I am irked that Vanguard does not offer fractional shares, ... Vanguard offers fractional shares on mutual funds. But not on stocks. I would be fine if Vanguard stopped selling individual stocks and let other brokerages handle that. I suspect offering fractional shares would increase costs and I pr...
by chinchin
Tue Aug 18, 2020 9:48 am
Forum: Investing - Theory, News & General
Topic: IPO Access?
Replies: 6
Views: 541

Re: IPO Access?

I am not following your exact question, you may need to re-state. 1. You cannot subscribe to an IPO through Vanguard (high profile IPOs are often over-subscribed anyway). 2. You may put in a “buy” order for the IPO before the market opens on the day the security begins trading, so you should get th...
by chinchin
Tue Aug 18, 2020 9:45 am
Forum: Personal Investments
Topic: Disappointed with Vanguard service. Better options?
Replies: 80
Views: 7294

Re: Disappointed with Vanguard service. Better options?

I am irked that Vanguard does not offer fractional shares, ... Vanguard offers fractional shares on mutual funds. But not on stocks. Why buy individual stocks? Let's stay on topic on how Vanguard is ignoring my messages and is behind Schwab, Fidelity, Interactive Brokers, M1 Finance, Robinhood, Cas...
by chinchin
Tue Aug 18, 2020 8:52 am
Forum: Personal Investments
Topic: Disappointed with Vanguard service. Better options?
Replies: 80
Views: 7294

Re: Disappointed with Vanguard service. Better options?

rkhusky wrote: Tue Aug 18, 2020 6:40 am
chinchin wrote: Tue Aug 18, 2020 12:06 am I am irked that Vanguard does not offer fractional shares, ...
Vanguard offers fractional shares on mutual funds.
But not on stocks.
by chinchin
Tue Aug 18, 2020 12:36 am
Forum: Investing - Theory, News & General
Topic: IPO Access?
Replies: 6
Views: 541

IPO Access?

Vanguard's website says, "You can place IPO orders with us on the morning the security is scheduled to trade on the secondary market. Vanguard Brokerage doesn't accept market orders for IPOs before they open." Am I reading this correctly, that essentially you cannot participate in an IPO at Vanguard...
by chinchin
Tue Aug 18, 2020 12:06 am
Forum: Personal Investments
Topic: Disappointed with Vanguard service. Better options?
Replies: 80
Views: 7294

Re: Disappointed with Vanguard service. Better options?

I am irked that Vanguard does not offer fractional shares, and I think that it is way too hard to place an order using the app. I sent a message last Friday and never got any kind of acknowledgment. Usually I at least get an auto reply. Are they backlogged or just ignoring people now? Guess I will h...
by chinchin
Mon Aug 17, 2020 9:48 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 24490

Re: The 0.5% Rule (SWR)

I guess Germans can't ever retire since the 10-yr Bund is negative :sharebeer
by chinchin
Sat Aug 15, 2020 10:56 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 24490

Re: The 0.5% Rule (SWR)

The thing about FS is you can't take him literally. His point is that if you want yield, you have to go farther out on the risk curve.
by chinchin
Fri Aug 14, 2020 10:32 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard mobile app
Replies: 7
Views: 1630

Re: New Vanguard mobile app

Hopefully the new Vanguard app will be nice because I tried using Cash App for stocks (don't laugh) and I really like the simplicity of it. Cash App does dollar based investing and is much easier to use compared to the Vanguard app. Hopefully Vanguard also introduces fractional shares soon. I messag...
by chinchin
Sat Jan 12, 2019 9:26 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 22042

Re: Around 43K in dividends last year - feel good about it ?

. 3) triceratop's point: When a fund issues a dividend, it sells shares of the assets it holds, and you thus own-through your ownership of the fund-fewer shares of the underlying equities that comprise the fund. Unless it is a UIT like SPY which Triceratops noted. The reinvesting/divesting thing is...
by chinchin
Fri Jan 11, 2019 10:19 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 22042

Re: Around 43K in dividends last year - feel good about it ?

Excerpt from the 2017 annual report of Vanguard Total Stock Market Index Fund: Investment income Year ended 2017 --------------------------------- ... Dividends 11,052,585 ... Statement of Changes in Net Assets --------------------------------------------------------- ... Total Distributions Year en...
by chinchin
Fri Jan 11, 2019 9:56 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 22042

Re: Around 43K in dividends last year - feel good about it ?

That you have not heard it before doesn't make what I said untrue. It's simple math. Assume no dividends occur in the stock market over the following two days and that also the stock market experiences no price changes. Day T+0: TSM has a value of $100M (invested in the stock market). 100M shares e...
by chinchin
Fri Jan 11, 2019 9:46 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 22042

Re: Around 43K in dividends last year - feel good about it ?

There was incorrect information that I corrected. Correctness matters for its own sake. Whether it matters to an individual investor as a standalone point really doesn't enter my calculus. I would not make many posts on such a detail except there was a question raised about whether what I posted wa...
by chinchin
Fri Jan 11, 2019 9:33 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 22042

Re: Around 43K in dividends last year - feel good about it ?

My prior post constitutes a proof that you own fewer shares of each of the individual companies in TSM after a TSM distribution. Yes, but only after TSM already re-invested its dividends per your explanation. Not sure how that matters to the average investor, but thanks anyways. I guess I learned s...
by chinchin
Fri Jan 11, 2019 9:26 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 22042

Re: Around 43K in dividends last year - feel good about it ?

In your own post you say it has 100M shares before and after the distribution. Are you confusing share count with market cap? I never stated that the share count of the TSM fund changes. I did not confuse anything. You stated, "You own fewer shares of each of the individual companies in TSM" after ...
by chinchin
Fri Jan 11, 2019 8:58 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 22042

Re: Around 43K in dividends last year - feel good about it ?

A few points that all investors should drill into their head: - Dividends are only "passive income" in the sense that they are your shares being sold off without your input or control. And remember that income in this situation doesn't mean "gain wealth"... it's more like a simple cash transfer fro...
by chinchin
Sat Jan 05, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Cards - Transaction Activity
Replies: 22
Views: 4844

Re: Chase Credit Cards - Transaction Activity

Do other banks have different options?
by chinchin
Wed Sep 12, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: Money Market Redemption Gate
Replies: 18
Views: 1357

Re: Money Market Redemption Gate

dm200 wrote: Wed Sep 12, 2018 11:47 am Put some in the Federal MM - which follows more stringent rules and a lower risk.
I’m looking at ultra short term bond ETF. That way I wont be gated or fee’d in a crisis. Dont want any MM in the underlying assets though.
by chinchin
Wed Sep 12, 2018 4:39 am
Forum: Investing - Theory, News & General
Topic: Money Market Redemption Gate
Replies: 18
Views: 1357

Re: Money Market Redemption Gate

Ok, thanks for the explanation.

Im just increasingly worried that MM funds are not secure due to floating NAV and redemption gate rules. Will probably move my cash to some other instrument.
by chinchin
Wed Sep 12, 2018 3:56 am
Forum: Investing - Theory, News & General
Topic: Money Market Redemption Gate
Replies: 18
Views: 1357

Re: Money Market Redemption Gate

Sorry, maybe the question was posed in an unclear way. I am not asking for a quantitative answer. I was trying to start a conversation about the fat tail risk of getting locked out of MM funds during a crisis. Personally I have been stashing extra money in MM but am considering moving it to a CD lad...
by chinchin
Wed Sep 12, 2018 3:19 am
Forum: Investing - Theory, News & General
Topic: Money Market Redemption Gate
Replies: 18
Views: 1357

Money Market Redemption Gate

If a 2008-level financial crisis happens again, what are the odds of a money market redemption gate being enforced? How long would it last?
by chinchin
Fri Aug 24, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: Best (most practical, low cost) Luggage for Airline Travel
Replies: 56
Views: 4695

Re: Best (most practical, low cost) Luggage for Airline Travel

A hard shell with no ridges will minimize the surfaces that a bedbug could attach to. Although I think they like the zipper area too.
by chinchin
Fri Aug 24, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Need a cheap smartphone - no service needed
Replies: 29
Views: 2672

Re: Need a cheap smartphone - no service needed

iPod Touch. Runs iOS.
by chinchin
Tue Aug 21, 2018 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Union at Fed job
Replies: 20
Views: 2120

Re: Union at Fed job

Did you know the President and the House are proposing a pay freeze? Do you care? Do you want someone lobbying on your behalf?
by chinchin
Sun Jul 22, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up dedicated computer for investment/finance
Replies: 12
Views: 2334

Re: Setting up dedicated computer for investment/finance

Boot Tiny Core Linux from a USB or CD. By default it loads the entire OS (17MB is smallest version) into RAM and it is wiped when you shut down. Every time you boot into it it loads a fresh OS into RAM. You can do this on your main PC so no need for 2nd PC.
by chinchin
Mon Jun 11, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Glitch Warning: Amazon Chase Prime Credit Card
Replies: 6
Views: 1822

Re: Glitch Warning: Amazon Chase Prime Credit Card

I have always redeemed mine for cash, if you redeem for amazon points / credit you do not get points on the redemption. Redeeming for cash and then using that cash for the amazon purchase you get points for the full purchase... I was talking specifically about the Chase Amazon Prime Rewards Visa Si...
by chinchin
Sat Jun 09, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?
Replies: 27
Views: 2879

Re: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?

Sprint also has a free-for-one-year promotion that they do not advertise.
by chinchin
Sat Jun 09, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Glitch Warning: Amazon Chase Prime Credit Card
Replies: 6
Views: 1822

Glitch Warning: Amazon Chase Prime Credit Card

If you have the Chase Amazon Prime credit card, some users are only getting 80% of their points redemption. It is supposed to be 100 points to $1. Right now you are only getting $.80 for 100 points. Not sure if this affects all users. I called Amazon and they told me it is a system glitch. Watch out...
by chinchin
Wed Dec 20, 2017 1:48 am
Forum: Personal Consumer Issues
Topic: Arbitration Clauses
Replies: 3
Views: 750

Arbitration Clauses

Good reads on arbitration: https://www.nytimes.com/2015/11/02/business/dealbook/in-arbitration-a-privatization-of-the-justice-system.html https://thegarage.jalopnik.com/avoid-getting-screwed-by-the-arbitration-trap-1703849839 https://www.youtube.com/watch?v=BKTPLyV6DM0 https://www.justice.org/sites/...
by chinchin
Wed Nov 29, 2017 3:26 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 20124

Re: A good friend has nearly $1M in BitCoin what do I tell him?

You answered your own question. Why pay taxes on the gains.