Search found 93 matches

by BlackcatCA
Fri Nov 02, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2458

Re: California municipal money market vs vanguard prime money market

CalculatedRisk wrote:
Fri Nov 02, 2018 1:34 am
Back-of-excel calculations for someone making ~450k/year, as of Nov 1, 2018:
Image
(Apologies for the poor quality, I cropped a screenshot and then shrunk to fit posting guidelines.)
Wow great Excel. Do you mind sharing it?
by BlackcatCA
Thu Nov 01, 2018 9:58 am
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7785

Re: I Bond fixed rate = 0.5%

I'm considering redeeming some of my first I Bonds from a year ago (0.1% fixed) to roll them into the new rate. Good point. What's the calculation to decide if the lost interest from the older I bonds (if <5 years old) is worth it for the new higher fixed rate? For me, since I-Bonds more than a yea...
by BlackcatCA
Tue Oct 30, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5946

Re: You Invest by JP Morgan Chase

Worth mentioning here (perhaps it's why OP posted this question) that Chase is running a promotion for 60,000 Ultimate Rewards points if you have a credit card in the Freedom or Sapphire families and open (or upgrade to) Sapphire Banking. You need to bring over at least $75K. It makes no sense to p...
by BlackcatCA
Mon Oct 29, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Getting depressed with all this saving. :-(
Replies: 38
Views: 6422

Re: Getting depressed with all this saving. :-(

There are literally millions of starving children in Yemen. Read the New York Times article, sell the hifi and make a donation. You can afford it and it will make you feel better. Seriously!
by BlackcatCA
Sun Oct 21, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus and cashing out muni fund
Replies: 20
Views: 1724

Re: Ally 1% bonus and cashing out muni fund

Depends on when you buy the fund during the year. I’ve only seen NAV goes down since I own the fund. At the end it’s a few hundred dollars difference. I just don’t feel good about short term muni lately as fund seems to go lower even on down market days - used to move up to cushion the fall. And sho...
by BlackcatCA
Sun Oct 21, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus and cashing out muni fund
Replies: 20
Views: 1724

Re: Ally 1% bonus and cashing out muni fund

Except if the Fed rate is up again in Dec (70% chance of happening?), the fund price will go down, as it has done all year. So the overall return of fund will be lowered for this period. The Ally interest on the other hand is fixed.
by BlackcatCA
Wed Oct 17, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment into Ally 1% offer, how will it affect mortgage applications?
Replies: 11
Views: 1087

Re: Down payment into Ally 1% offer, how will it affect mortgage applications?

I don’t think having separate accounts would impact your mortgage application.

I do hope you’re not going to let your dream house go on 1/10 in order to keep the money in through 1/15 for the % bonus.
by BlackcatCA
Wed Oct 17, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49439

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Hate to be me Lol. This just irks me and is why I should keep my money in multiple online banks. I currently have 95% of available cash in Ally so no bonus for me. It's annoying to be punished for being a loyal customer, isn't it? Ally is my only bank. I think I'll go after the bonus by selling som...
by BlackcatCA
Tue Oct 16, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49439

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

The actual calculation for measurement data / balance is still unclear to me. Here is my exact situation: 10/5 balance = $273k 10/9 credit = -250k (mortgage paydown) 10/9 debit = +5.3k (online check deposit) 10/10 debit = +1k (ACH in) 10/15 debit = +85k (ACH in) 10/16 debit = +0.5k (ACH in) So curr...
by BlackcatCA
Tue Oct 16, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49439

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Quick Question for Ally CD Holders. Do they allow you to pre-setup how the CD funds will be dispersed upon maturity? (Syncrhony bank does - allows you to provide instruction ahead of time on where you want the money to go when a CD matures - years before ahead. Other institutions make you call in d...
by BlackcatCA
Tue Oct 16, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49439

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Like Tarkus, I also use Ally as my hub bank and am very confused about the 10/8 date versus the sign up period. As it happens I transferred out ~75k last week on 10/9 before this promo is announced. Does it mean I now need to bring back 175k to get the max bonus? Or does the ‘new’ money counter star...
by BlackcatCA
Fri Sep 21, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: CIT vs. ALLY vs. 360
Replies: 14
Views: 1888

Re: CIT vs. ALLY vs. 360

I have all three of these, but I’ll likely close CIT soon. Their no penalty CD rates are no longer competitive. Ally is a superb hub account. It’s hard to find another with a better interface and ease of use. They keep their rate pretty competitive. The only downside is they don’t seem to offer any ...
by BlackcatCA
Fri Sep 21, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: Chase You Invest, is low cost the new default?
Replies: 13
Views: 1809

Re: Chase You Invest, is low cost the new default?

The account is starting to look interesting. For those who has a You Invest account, can you share experience on the following: 1) Can you purchase Treasury in auction? 2) Can one transfer existing t-bills into Your Invest? 3) Is there any fee for buying or selling bonds (eg does ‘free’ trading incl...
by BlackcatCA
Fri Sep 14, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 10433

Re: Side Hustle Options/Suggestions.

I would say churning bank/brokerage bonus is a hobby (for fun), not a side hustle (work).

OPis a CPA so have credentials with finance. What about financial planning? Its probably easier for you than others to get CFA credentials. I read somewhere that it’s a growing field.
by BlackcatCA
Thu Sep 13, 2018 10:00 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 227349

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Does anyone know if 75k of Vanguard mutual fund in Chase brokerage would qualify? I seem to remember some discussion earlier in the year that one can’t hold vanguard admiral funds in Chase account, but I can’t find the thread. How about 75k of t-bills? Can these be transferred in kind to Chase from ...
by BlackcatCA
Sun Sep 09, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: NASA FCU- 15 month CD 3.25%
Replies: 36
Views: 5389

Re: NASA FCU- 15 month CD 3.25%

We just joined NASA FCU today. It was easy peasy and it took less than 30 minutes (and that included scanning ID documents). At the end of the process, the screen said we are approved (joint account) and an account number was provided. They also sent me a message saying I was instantly approved. I d...
by BlackcatCA
Sun Aug 12, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: VMMXX vs I-Bonds vs High Yield saving account vs ... ?
Replies: 26
Views: 3537

Re: VMMXX vs I-Bonds vs High Yield saving account vs ... ?

https://personal.vanguard.com/us/FixedIncomeHome If you go to the treasury tab and select auction, you'll see what is available in auction this week. You will need to place your order before 10 am Monday morning. This week, 1 yr t-bill yields about 2.4%, which gives you a tax equivalent yield of 2.6...
by BlackcatCA
Thu Jul 12, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard New York Long-Term Tax-Exempt Fund
Replies: 6
Views: 837

Re: Vanguard New York Long-Term Tax-Exempt Fund

Tax exempt muni only makes sense if your federal tax rate is >22-24% and high state tax rate. There are numerous posts about "best cash saving" on the board. You may find it interesting to read a few threads. Otherwise you may earn more using prime money market fund, which is yielding 2.05% right no...
by BlackcatCA
Thu Jun 07, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Penfed CD @ 3% - 5 year
Replies: 16
Views: 2428

Re: Penfed CD @ 3% - 5 year

Why lock anything in a 5-yr CD before the FEd meeting next week, when rate is expected to rise?

In several other BH threads, it is noted that the best yield is up to 2 yrs with little gain for longer terms.
by BlackcatCA
Tue Jun 05, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 11121

Re: What are you doing with cash?

Federal MM is the default settlement account- its the default anyways. You'll have to ask Vanguard if you want to change it. I have my settlement account sitting at <$10 most days, and it's still around. So, probably no $3000 limit that I can tell. But if you have doubts, do call Vanguard to clarify...
by BlackcatCA
Sat Jun 02, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: 6 hour layover on Heathrow
Replies: 54
Views: 5596

Re: 6 hour layover on Heathrow

There are tour companies that specialize in layover tours. I just googled it and see this (never tried it myself so not endorsement): http://www.londonmagicaltours.com/london_layover_aiport_tours_londonaiporttours.html Direct car transfer to and from central London, so you don't have to worry about ...
by BlackcatCA
Thu May 31, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Treasury yields drop, CD yields hold steady
Replies: 16
Views: 2639

Re: Treasury yields drop, CD yields hold steady

Yes it's taxable, and I was buying short t-bills the last couple of weeks. I'm keeping things liquid the next couple of weeks until the next Fed rate hike (mid June, isn't it?), as CD rates may adjust up. Also there may be index funds buying opportunities if trade talks, Italy-Spain governments + EU...
by BlackcatCA
Thu May 31, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: Treasury yields drop, CD yields hold steady
Replies: 16
Views: 2639

Re: Treasury yields drop, CD yields hold steady

In the meantime, there also seem to be some "flight to quality" to the muni MM the last few days. Yields are even lower than last week and falling. Maybe there won't be any end of quarter "bump" this time?

Have to move out of muni MM now. Have given up on CDs but may need a second look.
by BlackcatCA
Mon May 28, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Cruise ships for multi-generational family
Replies: 61
Views: 3899

Re: Cruise ships for multi-generational family

Viking has new cruise ships and several new routes. We did a river cruise with them and quite enjoyed it, so I'm researching them. They have smaller ships than the other mass cruise lines. For 7 days you can visit Cuba: https://www.vikingcruises.com/oceans/cruise-destinations/caribbean-americas/cult...
by BlackcatCA
Sun May 27, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Purchased Money Funds, CDs, Bonds, ... best yield after tax
Replies: 21
Views: 2416

Re: Schwab Purchased Money Funds, CDs, Bonds, ... best yield after tax

It wouldn't matter if you're only buying and selling t- bills: short term cap gain rate is the same as income, and in CA both have the same tax rate. The case to investigate further is if one want to sell longer term Treasury bonds that are not zero coupons. I must say previous threads in BH forum a...
by BlackcatCA
Sat May 26, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 138
Views: 13363

Re: US T bills - first time user

Finally, as already mentioned, you need to click the depth of book icon to find yields for the quantity you are interested in. So first pick maturity of interest, then click depth of book, then find highest yield with minimum quantity less than or equal to how many you want to buy. You can then cli...
by BlackcatCA
Tue May 22, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4403

Re: Buy this home?

This was in Marketwatch today. You may want to wait a bit longer.

https://www.marketwatch.com/story/econo ... 2018-05-22
by BlackcatCA
Sun May 20, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 253
Views: 34924

Re: Vangaurd Municipal Money Market VMSXX 1.39%

If you want to take the time, you can actually figure out what your yield was yesterday--not averaged over previous seven days. In doing so, I calculate that the yield of CA muni MM dropped from 1.28% on 5/12 to 1.17% on 5/19 (yesterday). This equates to a drop in TEY for me of 1.97% to 1.80%, and ...
by BlackcatCA
Sun May 20, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 253
Views: 34924

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Thanks Kevin and neurosphere for investigating the peaks observation. Practically speaking, using the daily SEC yield to calculate the TEY for comparison with other investments might not be the best. As some have experiences (myself included), at peaks it gives a false impression that the muni MM is...
by BlackcatCA
Thu May 17, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?
Replies: 14
Views: 1714

Re: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?

Thanks Kaneohe. There is a current offer of $350 bonus with 10k deposit. I'll need to read the fine print to see if credit card can be optional. Good to hear that you can close the account successfully, as I've read it was problematic for others.. Also waiting to hear Determined's experience before ...
by BlackcatCA
Thu May 17, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 17
Views: 2329

Re: Anyone in high bracket switching to muni. Money market?

VMSXX (not SM) is the muni fund, and unfortunately SEC has come down. But TEY is still favorable versus bank saving rates at this moment; calculation may change. Will be interesting to see with SEC comes back up later in the month (ref the month end 'spike' in yield observed in last 2-3 months) What...
by BlackcatCA
Mon May 14, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?
Replies: 14
Views: 1714

Re: HSBC - Checking+Brokerage Bonus $750 for 100K in 90 days - Any catch?

Opened a savings acct plus credit card w/ HSBC for much smaller $ amount (15K) and lower bonus ($450). Similar time terms for account open. Everything went OK except I could never get a form for auto paying cc. Tried 5-6x but never got it until I finally talked to a particular rep who finally broke...
by BlackcatCA
Mon May 14, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market instead of bond fund
Replies: 40
Views: 6099

Re: Vanguard Prime Money Market instead of bond fund

What if you moved your long term money from bond fund to money market fund temporarily until the rate increases diminish (and bond fund returns turn positive), and then move your long term money back into the bond fund? Then you would still have the long term benefit of superior bond fund returns w...
by BlackcatCA
Sun May 13, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Newb: Money Market Fund (VMSXX) vs high yield savings online banking for E-fund?
Replies: 15
Views: 3217

Re: Newb: Money Market Fund (VMSXX) vs high yield savings online banking for E-fund?

OP: you can put e-fund in different tiers, especially with the large amount you have. Unless you only want to deal with 1 bank. I use Ally as first tier, Vanguard MM as second tier (also tax exempt), and I- bond as third tier. The only difference between Ally and Vanguard for me is that Ally money c...
by BlackcatCA
Sun May 13, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Prime Money Market instead of bond fund
Replies: 40
Views: 6099

Re: Vanguard Prime Money Market instead of bond fund

To improved the liquidity of bond investments, near future additions to fixed income should be in short duration funds, particularly for those with needs possibly in the next 10 years or less When interest rates stabile for a year or so, the principal value of the fund should catch up. Putting new ...
by BlackcatCA
Sat May 12, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13810

Re: New(ish) attending physicians in the Bay Area: Housing

Keep an eye out for the new development (town homes) in the Candlestick park area?
by BlackcatCA
Sat May 12, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 28029

Re: Muni Money Market funds starting to look good!

Just for fun, I plotted the SEC yields for the Vanguard NY Municipal bond fund vs those for the Limited and Short Term Tax Exempt bond funds. I converted the yields into taxable equivalent yields for the highest tax brackets for IRS and NYS/NYC (I used 37% federal and 12% NYS/NYC). I did not take i...
by BlackcatCA
Thu May 10, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Citi bank bonus offer: any recent experience?
Replies: 8
Views: 1640

Re: Citi bank bonus offer: any recent experience?

I did it in branch last weekend. It will take 5 months to get the bonus. 5 months versus 2 months change the math of the bonus significantly. There is negligible interest from these Citi accounts. $50,000 if put in a regular 2% savings account will yield about $420 in 5 months, versus the bonus of ...
by BlackcatCA
Thu May 03, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8428
Views: 1660652

Re: U.S. stocks in freefall

The main reason I don't use auto reinvest is to avoid wash sale if I want to TLH.
by BlackcatCA
Wed May 02, 2018 1:23 am
Forum: Personal Finance (Not Investing)
Topic: Chase $300 bonus for a new saving account
Replies: 23
Views: 3247

Re: Chase $300 bonus for a new saving account

I logged into my Chase online account and saw this as an offer. It took 10 min to apply for it and received email confirmation of new account, etc. So it does not look like going to a branch is required.
by BlackcatCA
Wed May 02, 2018 12:56 am
Forum: Investing - Help with Personal Investments
Topic: For Those Who Purchased Ally No Penalty CD's in Dec/Jan
Replies: 96
Views: 14971

Re: For Those Who Purchased Ally No Penalty CD's in Dec/Jan

If your federal rate is 22% or above, TEY of many muni mm funds are greater than 1.8% now. If you have state income tax, TEY is even higher/better.
by BlackcatCA
Tue May 01, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Career change and going back to school at 40+
Replies: 37
Views: 3723

Re: Career change and going back to school at 40+

Calico, I can totally empathize about being bored in the day job. In most cases it's probably because you are under- utilized and want more challenging work, to keep learning. I have experienced it myself several times in my career, and don't think it's mid- life crisis as some has suggested. Anyway...
by BlackcatCA
Sun Apr 29, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: 3 days in London - must dos?
Replies: 31
Views: 2323

Re: 3 days in London - must dos?

Harvey Nics is much better than Harrods.
Shops and restaurants at the Seven Dials
Portobello markets but not on Sunday
Old Spitalfield market-- best on Sunday
The British Museum is a must, also the Tate Modern.
by BlackcatCA
Sun Apr 29, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Insights Bank online savings account: 5%
Replies: 5
Views: 1064

Re: Insights Bank online savings account: 5%

I applied for one recently. It took exactly 12 working days for the card to arrive, no communication in between. Just need to be patient.
by BlackcatCA
Sun Apr 29, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 1.80%]
Replies: 246
Views: 42668

Re: Ally online savings now at 1.50%

I'm wondering if this rise in muni MM yield can be sustained. Just 2 months ago SEC yield was around 1%. How likely for it to go back to <1% in 2 months?
by BlackcatCA
Sun Apr 29, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Need feedback on strategy for avoiding the 3.8% NIIT
Replies: 13
Views: 1826

Re: Need feedback on strategy for avoiding the 3.8% NIIT

Are there any fixed term investments like t-bills that are also federal tax free?

I can only think of individual muni bonds... others? Buying individual bond has a steep learning curve, and takes time that many may not have.
by BlackcatCA
Sat Apr 28, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Being referred to a bank product
Replies: 11
Views: 1312

Re: Being referred to a bank product

Agree with others: your bank is not helping you.

Ally bank has the best internet interface; I use them and may switch out of my brick-n-mortar bank soon. Ally just raised regular saving rate to 1.5%, and there's a new 2% 9-mon CD.
by BlackcatCA
Thu Apr 26, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund in VCTXX
Replies: 13
Views: 2219

Re: Emergency Fund in VCTXX

This is what I was thinking... what are the odds that the fifth largest economy in the world would totally tank? Obviously if CA economy tanks there are bigger problems.... The other aspects of California do scare me a bit given that the state's financials are in shambles and ready to crack. Curiou...
by BlackcatCA
Sun Apr 22, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Buying T-bills ..help needed
Replies: 17
Views: 2567

Re: Buying T-bills ..help needed

Can someone address the 2 questions under #3: how to sell t-bill before maturity?

I have always held to maturity, but in the current rising yield environment, it may be wise to sell and replace with better yield new issues. But how to calculate the tradeoffs?