Bogleheads.org

retired@50 wrote: ↑Wed Mar 22, 2023 4:02 pm Hold it.

Sell it and dump the cash into VTI you may recover the money in a few years. Unlikely the rescuing banks putting $30B into FRC will leave any money for current shareholders.
https://www.bloomberg.com/news/articles ... #xj4y7vzkg
On the other hand I bought 100sh of SCHW when it crashed and am holding for few years I think it will return positive as it may be too big to fail .

I look back fondly to the good old days when I used to file a handwritten 1040EZ with a W2. Now I spend hours and hours on HR Block software for S-Corp and TT for self-employed with 1099 income, as well as multiple brokerage 1099s, QBI, K-1, home-office, i401k, FBAR and what not. I do think both HRB and TT needs too many clicks and screens to enter data and they can easily reduce number of screens by 10 times by asking more questions upfront. Tax filing is a pain every year

S_Track wrote: ↑Sun Mar 19, 2023 3:42 pm Where can you see the outflows/inflows on a daily basis? I would be interested in seeing this for VMFXX. Thanks.

There is a column for Daily net shareholder cash flow in https://investor.vanguard.com/investmen ... ash%20flow

In Schwab website for SWVXX it shows both inflows/outflows but vanguard only shows net inflows.

Loon11 wrote: ↑Sun Mar 19, 2023 2:14 pm is this really a threat? Doesn't SIPC kick in? I transferred the bulk of my tsp into schwab for the 1K promotion and its done well in swvxx but reading this, makes me worry. It's 500K and don't want to worry about it. Is the treasury money market really safer? This is in an ira - do they charge to move it?

SIPC is for brokerage fraud not if a fund goes down in value which is what we are discussing for SWVXX. Treasury should be safer than commercial paper invested by SWVXX.

JackoC wrote: ↑Sun Mar 19, 2023 11:47 am
But why have money in Schwab MM funds with 0.34% ER when VMFXX/VUSXX is 0.11%/.09%? I don't see a plausible reason for that unless it's too small an amount to bother moving, but OP said it was a significant amount.

I fall into the camp of - dont believe Nobody because Nobody knows nothin' . So I split 50:50 funds between Vanguard and Schwab and need to keep these funds in Schwab albeit with less interest to avoid any disruptions in either brokerages if it ever happens. My most liquid is in moneymkt funds followed by lesser liquid amounts in TBills and then finally index funds.

ubermax wrote: ↑Sat Mar 18, 2023 3:51 pm My question is where do those many backup versions reside ? - does Windows 10 push them to the cloud without me knowing for safe keeping ? Each backup stays at roughly that 40GB because I don't add many new files over time but there are many past dates in time with a 40GB backup .

As others have said it is highly unlikely that Windows will push them to Cloud without manually configuring it. Even if I disconnect my external drive I still see many number of backups in File History Restore menu. Most likely the restore from the older backups will fail when you actually try to restore. Since you reformatted the external drive only the catalog of files remain not the actual backup files.

File History being an incremental fast backup, not sure how reliable that will be in case of an actual disk crash. So safer is periodic full backup using the old Update & Security->Backup->Backup and Restore (Windows 7) tool or Cloud backups which will save all files and can restore a system image. I do file history backup monthly and full Windows 7 backup to external drive maybe every 6 months since it takes several hours.

You can lose money in 401k if you sell funds below cost price but you cannot lose in a 401k run as the custodian cannot take your funds and invest it in their own accounts unlike bank deposits(so we need fdic insurance upto 250k). I dont think this has happened in USA which will be covered by SIPC insurance, however, there was one small India stock broking company Karvy who pledged client funds to get loans and was quickly shutdown by regulators: https://en.wikipedia.org/wiki/Karvy_Cor ... %5Bedit%5D

Bank of America may be the worst, not only do they not reimburse international ATM fees, they charge $5 fee to just check your account balance abroad

GuySmiley wrote: ↑Thu Mar 16, 2023 3:15 pm Thank you for posting, I wanted in on this earlier today but was too late so put the order in for next week. I have now cancelled next week's order and will participate in the auction tomorrow.

What are the deadlines for putting in a bid?

Fpdesignco wrote: ↑Wed Mar 15, 2023 6:46 pm Its a nothing burger …. I come from payment tech

Not so fast. The use case that is a super pain in USA is business to business or any ACH transfers which take 2-3 days or more if on weekends for larger amounts like $20k which Zelle doesn't allow and MC/Visa will take 3% fee. You can do ACH faster but need to pay $10-25 extra. In many other countries it takes minutes and it is free. So if Fednow can solve this use case it will be quickly adopted at least for ACH transfers.

alex_686 wrote: ↑Wed Mar 15, 2023 4:41 pm Why do you think that is safer?

I would start first by checking the “shadow NAV” of each fund.

Not just me look at the outflows/inflows for these two funds today -3.3B and +2B so maybe lot more people think SNSXX is safer and I dont know what is shadow NAV

Interesting that first time today SWVXX lost -3.3B in outflows and there was no negative daily outflows in last 6 months. Similarly SNSXX had +2B in inflows today and their normal average inflows are about 5-10M daily in the past 6 months. Seems lot of people are moving to safety of treasuries unless I triggered a market panic by moving my 200k from SWVXX to SNSXX ...ha

Ok transferred the funds from SWVXX to SNSXX(SCHWAB US TREASURY MONEY MKT), much safer and only bit less yield. Can sleep better now

Are these two banks the proverbial canary in the mine and there are lot more mid-size banks ready to fail on account of following similar strategy. Which may explain why the feds quickly bailed them out. Maybe time to fasten our seat belts and watch the upcoming fireworks

Hello,

Does Schwab SWVXX or Vanguard VMFXX have any risk of breaking the buck in current environment since I have over $250k emergency funds sitting in those. I see that VMFXX portfolio is invested mostly in more secure:
Repurchase Agreements 57.20%
U.S. Govt. Obligations 39.80%

While SWVXX money is invested in all kinds of shady commercial papers, agencies, repos and CDs etc. and they dont give a percentage of portfolio what is invested where. What is the chance it may break the buck and so better to move the SWVXX money to SNSXX or VMFXX

Thanks for the good ideas! Looks like Fidelity TEY calculator shows CDs need to be above 6% to be equivalent to Treasuries yields. So Broker CDs are a no-go. Probably 50:50 Tbills:TIPS may be worth considering.

IMHO the new Vanguard Dashboard is superbly designed. I get all the info I need including AA, 10 yrs performance, all account summary, recent activity on one screen. It takes clicking multiple screens to get the same info in Schwab. Haven't called Vanguard Support in many years. And I split my assets 50:50 between the two so as not to have all eggs in one basket If I was an expat living abroad I may open a Interactive Brokers account who seem most friendly to operating from abroad.

Bump up. Anyone have any more thoughts on whether the CD will give more return or the TIPS will give more if inflation is around say 4% in 18 months. I am about to dump $50k into each unless one is lot better

Schwab Broker CDs 18mo 5.5%
Treasury TIP 0.25% 01/15/2025 1.80% YTM

IsabellaH555 wrote: ↑Sun Mar 05, 2023 4:01 pm
What information should i provide?

And also may need below:
1. All line numbers and amounts greater than $10,000 on your fidelity 2022 consolidated 1099 tax form
2. Name and amount of the money market funds in the 3 fidelity accounts: IRA, taxable joint and separate

You have lot of cash sitting in the accounts so be very careful of any person linked to the finance industry like advisers, accountants, attorneys, various scammers, who may give wrong advice to try to get their hands on it .

JoinToday wrote: ↑Sat Mar 04, 2023 1:03 pm
Do you think treasuries/agency bonds are protected from fed rate rises? I don't think the evidence supports that idea. Bond funds and individual bonds (with the same duration) will both be affected by interest rate changes in nearly identical amounts.

Only if you sell ahead of maturity in treasury/agencies you can lose principal unlike bond funds where you may lose principal anytime you sell due to market gyrations.

I am little wary of bond funds due to the havoc created by fed rate rises. So am considering principal protection provided by treasuries/agencies.

Hello Experts,

Say I have $100k which is meant for the short term bucket. Only in extreme emergency would I redeem by losing a few bucks.
I am seeing the following choices and YTM at Schwab:

SWVXX fund 4.48%
Broker CDs 18mo 5.5%
TBills 18mo 5.12%
Government Agencies callable 18mo 5.21%
Treasury TIP 0.25% 01/15/2025 1.80%

I am thinking of putting half in broker CDs and half in TIPS to see if the TIP beats the CD after 18mo.
Which would be a better choice or any brighter idea/yield than above considering feds rate is still rising

My requests for Summary Plan Descriptions have been denied. Owner says he has to do an annual census that will be reviewed by plan administrators. It won’t be done till after tax season and there is no fast way to do it. Employees have to wait till that time to have any requests considered. This is a reference to filing the form 5500 correct? Giving you the SPD has nothing to do with tax season or Form 5500 other than he might be busy. But giving you the SPD should not take more than 5 minutes. 10 minutes if he has to mail it. He's jerking you around. Time for you to file a complaint. Prior to filing form 5500 the plan admin/TPA must conduct the ADP/ACP nondiscrimination tests for the 401k plan. But that is done by reviewing the payroll re...

Allan Roth wrote: ↑Thu Mar 02, 2023 1:36 pm

er999 wrote: ↑Wed Mar 01, 2023 11:25 am I wonder if a similar article 20 years from now will say the same thing about factor and international investing?

I've been writing against factor investing for at least decade. I'm for "dumb beta."

Dumb question: Is dumb beta equivalent to index funds like s&p500, russell2000 etc and are indexes mainly market-cap based and smart beta considers various qualitative factors? .

er999 wrote: ↑Wed Mar 01, 2023 11:25 am I wonder if a similar article 20 years from now will say the same thing about factor and international investing?

I am sticking with no-international as in the statement below
"Bogle believed U.S. stocks doing business abroad had enough exposure to international markets."

unclescrooge wrote: ↑Sun Feb 26, 2023 9:10 pm

ebeb wrote: ↑Sun Feb 26, 2023 10:58 am Yes Mark Zoril at Planvision for $8/mo, no better value for money with a free yearly portfolio check included.

That's great?

But how does anyone afford to stay in business at $8/mo?

I wonder myself, but until he stays in business am happy to use him. On the other hand he may have 5000 subscribers so $40k/mo is not pocket change along with the $200 initial fee

Some brokers like Vanguard seems to put more restrictions for expat person. Interactive Brokers company seem to be more friendly towards investing from abroad.

You can read some expat info in https://www.bogleheads.org/wiki/US_tax_ ... ing_abroad
PFIC rules can have stiff penalty for investing in foreign mutual funds.

Munir wrote: ↑Sun Feb 26, 2023 12:04 pm Has anyone had an experience of having advisors who meet these criteria that they would recommend or am I expecting too much?

You can read this thread for some fee-only advisers viewtopic.php?t=360823

Will get more than 4% interest in a safe High Yield Savings a/c. Look up HYSA in https://www.bankrate.com/banking/saving ... -accounts/ Popular Direct is giving 4.4%.
Best to focus on building up emergency cash for couple of years.

Yes Mark Zoril at Planvision for $8/mo, no better value for money with a free yearly portfolio check included.

dbr wrote: ↑Sat Feb 25, 2023 10:14 am *Also for me the deflation "phantom" would probably also be a benefit. Having a fixed nominal pension is part of that.

There is zero to nil chance of deflation with the feds and politicians addicted to printing money at will and having raked up trillions of dollars of US debt, only way they can get out of this mess is by devaluing the currency and creating inflation for a long time to come if not forever. So TIPS makes sense.

dbr wrote: ↑Sat Feb 25, 2023 10:04 am Our choice for bonds has been intermediate term bond funds which evolved over time to all TIPS.

What was the reasoning for intermediate bonds to all TIPS evolution

Prudence wrote: ↑Sat Feb 25, 2023 9:54 am Does the fund actively buy and sell bonds on the secondary market frequently and regularly?

I dont think vbtlx does that.

The shady plan administrator probably put the money in crypto and waiting to avoid losses on selling. It seems illegal, ask him to return your non-compete money else you would report or sue him.

I was mostly VOO:BND before the bond debacle of 2022. Now I am tending more towards a mix of VOO:BND:TBills as TBills have become more popular due to higher interests.

chinchin wrote: ↑Fri Feb 24, 2023 5:38 pm If you are at Vanguard Brokerage Services, they can do a share conversion without buying or selling and it does not trigger taxes.

There is no such option on website to convert from mutual funds to ETF in IRA accounts. What is the process for this share conversion.

Hello,

If I sell funds in Vanguard tIRA or RothIRA so that the money goes into settlement funds, does it trigger any taxes. Each Vanguard IRA account has a separate built in settlement fund account. I am trying to convert some mutual funds to ETF which requires selling mutual funds and buying ETF within the IRA accounts. Not trying to distribute the money outside IRA accounts.

I think Fisher is following the maxim that if you cant beat 'em then join 'em. I have a smallish 401k managed account with Fisher/Ascensus and sometime back they moved 50% of the funds to Vanguard Total World Stock, Vanguard Total Bonds and Vanguard Total Intl Bonds. Rest 50% in Fisher All World Equity and Fisher US Fixed Income fund. I am waiting for Fisher to move 100% to Vanguard funds one of these days as the returns so far are just average or below.

Click on Documents. On the left, under Statements heading, you will see Tax Forms and Other Documents. Click Tax Forms. Click on the one for your brokerage account. I think I named my various accounts and those names appear, but if you only have one account at Fidelity, just click on that one. Mine says Consolidated Form 1099 (PDF). The form will open/launch, and you will be able to see entries for taxable earnings. Keep scrolling down as earnings are posted in different categories (dividends, interest, etc). OP, if you are unable to download the 2022 Consolidated 1099 form please call Fidelity customer support to help download. After that if you can post some of the larger amounts (say anything greater than $25k) for things like short/lon...

tibbitts wrote: ↑Sun Feb 19, 2023 12:50 pm And that's a problem when hiring an adviser who works on an hourly (or minute-by-minute!) basis, because you're going to pay them a lot to twiddle their thumbs for hour and after hour while information slowly trickles out.

That may be the case with many fee-only advisers but having used one of the three advisers in the past, and based on their reputation, I am somewhat confident all three are honest professionals who would use the advisory time efficiently.

alpand wrote: ↑Sun Feb 19, 2023 10:05 am
I am pretty sure that going all in in cash is a sub-optimal idea unless you want to spend it all. Since inflation is 8%, consider the following asset allocation with an historical worst year similar to the inflation rate we currently have, meaning there is no signficant risk added if you hold it relative to cash, that has the certainty of losing 8%.

With all due respect investing 28% of portfolio in Gold is not only anti-boglehead but a ridiculous investment idea IMHO

I wonder if lot of the $3MM money moved to cash by OP was in taxable account which may cause a massive tax due say $100k-500k or more depending on how much capital gains and it may be a shock. You may already see the capital gains amount in the 1099-B form received from fidelity(vanguard?) so make sure that tax due amount is readily available to pay taxes now. Also suggest setting up a call with one of the reputed financial advisers below even if you spend few thousand dollars to get expert advice as there may be some better options that need detailed analysis of your situation : Rick Ferri - https://rickferri.com - $450/hr or $925 for 2hrs review divided into 6-minute segments at $45 per segment. Allan S. Roth - https://daretobedull.com - ...

One of the work arounds suggested in this case is to maintain a US address, through relatives, friends or a mail services. Ideally you do that in a non income tax state. I have not seen that as being illegal behavior, so I hope this is appropriate for the forum rules. Good point I wonder if someone uses a friends US address or mail service and never declares that they are living as expat abroad. Then will they be for all purpose US resident. This is an interesting statement on virginia.gov website. For all practical purposes you continue to be a VA resident. So doesn't seem any harm in giving an US address since they wont let go their grip on you :shock: . ------------------------------------------------------------------------------------...

kojima wrote: ↑Mon Feb 13, 2023 12:34 am As someone abroad, I would highly recommend you get a non-VOIP cell phone number that you can receive calls and texts on via Wi-Fi. Preferably with eSim. These services can only be activated in the US first and you can find it as low as $5 a month but it's worth it.

Do you use any good company for cheap non-voip cell phone abroad.

oh my, we don't want any Bogleheads to get heart attack or worse due to OPs desire to consider Raymond James. So suggest OP talk to some of the more reputable fee only advisors in this post first.
viewtopic.php?t=360823

https://topratedfirms.com/brokers/custo ... eview.aspx

tubaleiter wrote: ↑Sun Feb 12, 2023 12:44 am Key question I couldn't answer from your post: are you moving abroad to 1 country (i.e. becoming a permanent resident in one country - sure, maybe with travel other places, but a clear resident of country X), or are you planning the "nomad" route, never staying long enough in one place to be a resident?

Yes resident of single Country X in Asia.

typical.investor wrote: ↑Sun Feb 12, 2023 12:25 am Prepaid? Or that is just roaming on your regular service?

Roaming on regular service just like being within USA, can easily use up $100-200 or more per month.