Search found 75 matches

by hotpancakes
Mon Feb 24, 2020 4:31 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372870

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Does anyone have any recent data points on whether Fidelity or Schwab offer retention bonuses? If so, how much? Thanks! :-)
by hotpancakes
Thu Feb 13, 2020 12:18 pm
Forum: Personal Investments
Topic: Is this a bad time to invest new money in bonds?
Replies: 42
Views: 4822

Re: Is this a bad time to invest new money in bonds?

Given the choice between a CD of a specific term and a bond (or bond fund) of an equivalent term, if the rates (i.e. yields) were the same for both, I'd take the CD every time. Note that this type of situation happens quite often. Given the choice between a money market (or savings account) and a b...
by hotpancakes
Tue Feb 11, 2020 8:07 pm
Forum: Investing - Theory, News & General
Topic: What is the settlement time for T-bills held in a brokerage account?
Replies: 25
Views: 2198

Re: What is the settlement time for T-bills held in a brokerage account?

Brokers sometimes have Institutional Services which settle treasuries same day as cash for UHNW or institutions. Meaning sold/settled/wired out same day. This is not usually offered to retail investors who have T+1 settlement typically. Thanks! Do you happen to know of some brokers in particular th...
by hotpancakes
Wed Nov 27, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 53
Views: 19315

Re: Fidelity Private Client Group

One PCG benefit I like and use is free domestic wire transfers. Another potentially useful one is the waiver of minimum balance requirements for certain mutual funds. Do you know if the balance waiver applies to premium tiers of money market mutual funds, or if it allows you to choose one of these ...
by hotpancakes
Tue Sep 24, 2019 10:02 pm
Forum: Personal Consumer Issues
Topic: IOS to do app
Replies: 14
Views: 948

Re: IOS to do app

My vote goes to Things. It's an obsessively well-made app and it shows. $9.99 one-time purchase, no subscriptions. They also have a Mac app, but it's a bit more money.
by hotpancakes
Fri Sep 13, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard declines online broker survey
Replies: 16
Views: 1830

Re: Vanguard declines online broker survey

I'm not sure I've ever seen a ranking article that was actually good. Also vanguard would probably rank near the bottom for being archaic and not user friendly. Agree with your first sentence, disagree with the 2nd. Any reasonable article would list IB as the top broker 99% of the time for someone ...
by hotpancakes
Sat Sep 07, 2019 12:14 pm
Forum: Personal Investments
Topic: First Republic Eagle Invest
Replies: 13
Views: 1503

Re: First Republic Eagle Invest

I'm in the same boat, they are offering a reduced rate on my refi if I move in $100k. 0.4% AUM. I'm a bit miffed as they did not specify that I had to do AUM, just transfer assets, but I'm kind of stuck now. I'll be looking to leave FRB entirely in the future as they keep promising but failing to d...
by hotpancakes
Wed Jun 26, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: BOA Credit Card Linked to Merrill for 2.625%
Replies: 53
Views: 4413

Re: BOA Credit Card Linked to Merrill for 2.675%

I finally got my act together and got a BOA Travel Rewards card and have $100,000 in a Merrill Edge account. Am I correct that the rewards rate will be 2.675% after my account has been there 3 months? And can I take that as a credit on my statement, or must it somehow be linked to "travel" expendit...
by hotpancakes
Thu Jun 20, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 7345

Re: Highest % cash back credit card

BoA cards with the preferred rewards top tier status give the highest cash back %’s With the premium rewards card: 3.5% on travel and dining 2.625% on everything else With the cash rewards card: 5.25% on gas stations (including purchases made inside!) 3.5% on grocery and wholesale (works at Costco)...
by hotpancakes
Thu Jun 20, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 7345

Re: Highest % cash back credit card

BoA cards with the preferred rewards top tier status give the highest cash back %’s With the premium rewards card: 3.5% on travel and dining 2.625% on everything else With the cash rewards card: 5.25% on gas stations (including purchases made inside!) 3.5% on grocery and wholesale (works at Costco)...
by hotpancakes
Wed May 08, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Does You Invest Count for Chase Sapphire Banking 60k UR bonus?
Replies: 5
Views: 1476

Re: Does You Invest Count for Chase Sapphire Banking 60k UR bonus?

Yes. Here's what you need to know: 1) You need a Sapphire or Freedom credit card. 2) You can purchase stocks, mutual funds, and ETFs without a fee (including Vanguard Admiral shares). 3) Even though the 60k UR points are qualified after 90 days, you must keep the checking account open for at least 6...
by hotpancakes
Fri May 03, 2019 12:10 pm
Forum: Personal Investments
Topic: Mutual Funds vs ETF for taxable
Replies: 9
Views: 1745

Re: Mutual Funds vs ETF for taxable

The tax efficiency benefit for passive ETF over mutual funds is really small, since there is so little churning and rebalancing in their holdings. I doubt that you will even notice any difference. With that being said, I would still recommend ETF overall, since it's easy to transfer them between pr...
by hotpancakes
Fri Apr 19, 2019 10:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury auctions: funding sources?
Replies: 5
Views: 700

Re: Vanguard Treasury auctions: funding sources?

I was thrown off guard because I was able to successfully place a Treasury auction order without having funds in my settlement account (only Prime Money Market). I'm guessing that funds need to be available by the offer date. Yes, you can place the Treasury auction order without the funds in your V...
by hotpancakes
Thu Apr 18, 2019 11:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury auctions: funding sources?
Replies: 5
Views: 700

Re: Vanguard Treasury auctions: funding sources?

When placing an order at Vanguard to participate in a new Treasury auction, is it necessary to have funds available in one's settlement account, or can the order pull directly from Prime Money Market (VMMXX)? Thanks! I wasn't able to to an 'exchange' to sell VMMXX and buy Treasuries, but you could ...
by hotpancakes
Thu Apr 18, 2019 12:52 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2601

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I work in tech, and from conversations with security professionals, 1Password is the best of the bunch. It doesn't hurt that it also has the best UI/UX.
by hotpancakes
Thu Apr 18, 2019 11:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard Treasury auctions: funding sources?
Replies: 5
Views: 700

Vanguard Treasury auctions: funding sources?

When placing an order at Vanguard to participate in a new Treasury auction, is it necessary to have funds available in one's settlement account, or can the order pull directly from Prime Money Market (VMMXX)? Thanks!
by hotpancakes
Mon Mar 18, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69100

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

Once you push it to Fidelity, it's available (there's no hold as there would be if it's pulled from Vanguard by Fidelity). That is probably correct but if you initiate that pull at Fidelity from your linked bank the funds are available to use as soon as the screen refreshes. Same as pulling from yo...
by hotpancakes
Sun Mar 03, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69100

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

I just moved from Ally to Fidelity for cash management. Ally is excellent, but I got tired of dealing with the withdrawal limits on savings accounts. Here are a few things I learned: 1) You can open a separate brokerage account just for cash management that is not connected to your main account. I ...
by hotpancakes
Sat Mar 02, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69100

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

A Fidelity CMA is an ordinary brokerage account with an FDIC-insured core position and debit card refunds. That’s it. Fidelity will automatically sell money market positions within a brokerage account (any brokerage account) to satisfy purchases or withdrawals. This means that you can purchase a mo...
by hotpancakes
Thu Feb 28, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69100

Re: Discontinuing VanguardAdvantage Accounts

If you're looking for a replacement for VanguardAdvantage, I can recommend a Fidelity CMA account. Here's what's nice about it: 1) No minimums. No fees. 2) Debit card that refunds all ATM fees worldwide. 3) No foreign transaction fees at ATMs outside the U.S. (There is a FTF when paying at merchant...
by hotpancakes
Thu Feb 28, 2019 8:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69100

Re: Discontinuing VanguardAdvantage Accounts

Thanks to the posters who provided information on the cash management offerings at Fidelity and Schwab. Since there are offices of both in the Atlanta area, I may drop into each next week to get some more information, get a gut feel for their service (or how hard they push to upsell or get me into ...
by hotpancakes
Thu Feb 28, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 69100

Re: Discontinuing VanguardAdvantage Accounts

If you're looking for a replacement for VanguardAdvantage, I can recommend a Fidelity CMA account. Here's what's nice about it: 1) No minimums. No fees. 2) Debit card that refunds all ATM fees worldwide. 3) No foreign transaction fees at ATMs outside the U.S. (There is a FTF when paying at merchants...
by hotpancakes
Wed Feb 27, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372870

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Hi folks....I'm prepared to transfer $700K to Schwab, and I understand they will match any available bonuses offered by others. I just need to point them to the web page with the offer. Anyone know the current best brokerage transfer bonus for $700K? Anyone know if Fidelity will match others' offers?
by hotpancakes
Wed Feb 20, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2119
Views: 372870

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Anyone have experience with partial transfers into a Chase You Invest account? You can only do this by filling out a form and sending it via mail ... are they serious? We're currently only supporting full account transfers online. If you need to initiate a partial transfer, or if your account conta...
by hotpancakes
Thu Jan 24, 2019 4:06 pm
Forum: Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 101
Views: 21751

Re: Fidelity Money Market Funds for everyday expenses

Then just have two brokerage accounts at Fidelity right? That's probably the answer. I have two accounts at Fidelity--a Cash Management Account and a regular brokerage account. I use the CMA account for banking/checking purposes. You can set up a CMA account to draw on brokerage margin in case of o...
by hotpancakes
Fri Jan 11, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1588
Views: 218168

Re: Fidelity as a one stop shop

The cash management account allows you to purchase their money market fund, SPRXX, yielding around 2.1%. It will automatically sell some to cover ATM withdrawals, any checks you write, or any bills you pay. Thanks for your response. About this, I was told by chat rep that I cant buy MMF or any fund...
by hotpancakes
Mon Jan 07, 2019 1:00 pm
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 211
Views: 35283

Re: You Invest by JP Morgan Chase

Do they allow you to buy Treasuries at auction without commission ? You can’t currently buy at auction, only secondary. Haven’t had trouble getting good rates though. Apparently while you can buy them, you can’t currently sell treasury bills online, you have to call them. I have a You Invest accoun...
by hotpancakes
Mon Jan 07, 2019 12:43 pm
Forum: Personal Consumer Issues
Topic: Bedding (sheets) recommendations - having terrible experience finding quality sheets
Replies: 36
Views: 3697

Re: Bedding (sheets) recommendations - having terrible experience finding quality sheets

I like the house brand Threshold percale sheets from Target. They're about $40 for a set. I've tried everything, from linen sheets, to Parachute, to Casper. I think those brands are maybe 10-15% better, but at 5-10x the price. One nice thing about the Target sheets is that the fitted sheet has two s...
by hotpancakes
Sat Dec 29, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: ?Admiral share availability in other brokerages?[Yes, after a few weeks they are now appearing at other brokerages.]
Replies: 45
Views: 8767

Re: ?Admiral share availability in other brokerages?[Yes, after a few weeks they are now appearing at other brokerages.]

I bought some Vanguard Admiral shares at Merrill Edge and was not charged the expected $19.95 Transaction Fee. The order did say $0 Transaction Fee, but their mutual fund list does not classify any Vanguard funds as No Transaction Fee, so I'm not sure what's happening. I noticed the same thing. I s...
by hotpancakes
Fri Dec 28, 2018 10:11 am
Forum: Personal Investments
Topic: How to monitor elderly parents' finances to protect them from fraud
Replies: 15
Views: 796

How to monitor elderly parents' finances to protect them from fraud

Hi everyone. My parents are just about to retire (albeit rather late) and are, knock on wood, financially well-prepared. While they're mentally sharp today, I worry that when their abilities decline, they could become a target for fraud--from email phishing attacks, to fake "IRS" phone call scams, t...
by hotpancakes
Thu Dec 27, 2018 5:10 am
Forum: Personal Consumer Issues
Topic: Nice jeans for work with lowest average cost of ownership
Replies: 107
Views: 8367

Re: Nice jeans for work with lowest average cost of ownership

Levi's can be great, but only buy them in-store. Their sizing is too inconsistent to purchase online. Other than that, I'd recommend Bonobos (when on sale; their athletic fit is great, and is tapered for a clean look), Everlane, and Banana Republic (when on sale). You want a dark color in mid/regula...
by hotpancakes
Wed Dec 26, 2018 2:14 am
Forum: Investing - Theory, News & General
Topic: Is there a Nassim Taleb portfolio?
Replies: 38
Views: 9457

Re: Is there a Nassim Taleb portfolio?

columbia wrote:
Tue Dec 25, 2018 7:46 pm
What’s a positive black swan (in the context of investing)?
In his case, a convex options payoff. i.e. Buy out-of-money options when they're very cheap and sell them once they've exploded. Losses are capped at the small amount of $$ invested, but upside is potentially unlimited.
by hotpancakes
Tue Dec 25, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Is there a Nassim Taleb portfolio?
Replies: 38
Views: 9457

Re: Is there a Nassim Taleb portfolio?

1. Taleb's own investments rely on his models and his analysis of global trends that generate Black Swans (negative and positive). His approach is one of a professional and it's not in his interest to share all the details with competing professionals. Are you privy of his hedge fund days track rec...
by hotpancakes
Sat Dec 22, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: 3-Fund + Gold: Why not a good idea?
Replies: 42
Views: 4284

Re: 3-Fund + Gold: Why not a good idea?

I like gold, not as an investment--because it isn't one--but as an insurance policy. I think it's reasonable to keep perhaps 3-5% of assets in physical gold in the event something extreme, but highly unlikely, occurs, say the U.S. Government defaulting on its debt. I see it as a good choice when pai...
by hotpancakes
Fri Dec 21, 2018 11:49 am
Forum: Personal Investments
Topic: Growing Concerns with Vanguard
Replies: 27
Views: 4918

Re: Growing Concerns with Vanguard

Reality. Vanguard has over 20 million investors. This forum has 79,000 users. If one assumes that 75% of them are customers, that represents 0.3% of Vanguard's customers. On forums, people generally post to complain. On forums, people are generally really into the subject matter, in this case the B...
by hotpancakes
Thu Dec 20, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: Email Accounts - How Many / Security / Best Practices
Replies: 46
Views: 4041

Re: Email Accounts - How Many / Security / Best Practices

To address several points in this thread: 1) 2FA protects your account, even on your mobile devices. Once a browser or client is authenticated, Google remembers the device so you don't need to use the security key/authenticator code each time. It's only when you sign in on an unknown device that you...
by hotpancakes
Thu Dec 20, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Email Accounts - How Many / Security / Best Practices
Replies: 46
Views: 4041

Re: Email Accounts - How Many / Security / Best Practices

In my opinion, and in the opinion held by many in the security community, Google is the best steward of one's email. They spend tens of millions of dollars per year to run internal security auditing + employ a full-time, world-class, security research team. Every free user of Gmail benefits from thi...
by hotpancakes
Sun Dec 16, 2018 8:01 pm
Forum: Personal Investments
Topic: Protection of brokerage accounts in Vanguard / Fidelity with more than 250K / 500K
Replies: 17
Views: 3591

Re: Protection of brokerage accounts in Vanguard / Fidelity with more than 250K / 500K

I think Fidelity and Vanguard should almost be considered "too big to fail". I am not losing too much sleep on either one failing. I presume many members of Congress have their own money in Vanguard, Schwab, and Fidelity. If any of these firms were to put excess-SIPC client funds at risk, my bet wo...
by hotpancakes
Sun Dec 16, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for internet only?
Replies: 79
Views: 6116

Re: How much do you pay for internet only?

$37, taxes included, for 100/100mbps Verizon FiOS. I would prefer a 25/25 or 50/50 plan, but there are no discounts for doing so.
by hotpancakes
Sun Dec 16, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: Do brokerage bonuses deposited into Roth IRA accounts count toward one's annual contribution limit?
Replies: 4
Views: 796

Do brokerage bonuses deposited into Roth IRA accounts count toward one's annual contribution limit?

If one were to get a brokerage bonus of, say, $500 for moving a Roth IRA to a new brokerage firm, does the bonus count toward one's annual IRA contribution limit? Is it taxable?
by hotpancakes
Sun Dec 16, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Does You Invest Count for Chase Sapphire Banking 60k UR bonus?
Replies: 5
Views: 1476

Re: Does You Invest Count for Chase Sapphire Banking 60k UR bonus?

https://accounts.chase.com/consumer/banking/online?px=TX22729&jp_aid_a=/Acquisition/ConsumerBank/SapphBankB&jp_aid_p=chasehome_3/hero I just signed up and transferred 75k from another checking account to my Chase Savings account after uprading to sapphire banking. Can I transfer the 75k from the sa...
by hotpancakes
Sun Dec 16, 2018 4:42 am
Forum: Personal Investments
Topic: Protection of brokerage accounts in Vanguard / Fidelity with more than 250K / 500K
Replies: 17
Views: 3591

Re: Protection of brokerage accounts in Vanguard / Fidelity with more than 250K / 500K

ThisJustIn wrote:
Sun Dec 16, 2018 4:38 am
OP here, Thank you all for your answers. Given that brokerage accounts are under SIPC insurance up to 500K, when you have an account with more close to 500K, do you open a new brokerage account instead?
You certainly don't have to, but you can.
by hotpancakes
Sun Dec 16, 2018 4:28 am
Forum: Personal Investments
Topic: Protection of brokerage accounts in Vanguard / Fidelity with more than 250K / 500K
Replies: 17
Views: 3591

Re: Protection of brokerage accounts in Vanguard / Fidelity with more than 250K / 500K

I have a couple of brokerage accounts (pre-tax or taxable) in Vanguard or Fidelity, that are well above 100K, and given that the value of these accounts will double in 7-10 years on average (3-fund portfolio), I was wondering if brokerage accounts have SIPC or FDIC insurance, to protect accounts up...
by hotpancakes
Sun Dec 16, 2018 12:52 am
Forum: Investing - Theory, News & General
Topic: Can Vanguard freeze mutual fund redemptions during times of duress?
Replies: 14
Views: 3561

Can Vanguard freeze mutual fund redemptions during times of duress?

Is there any scenario that allows Vanguard to temporarily limit or freeze redemptions from its mutual funds? If there were mass outflows due to some unforeseen extreme event(s), would a Vanguard ETF have any liquidity advantage over its mutual fund counterpart?
by hotpancakes
Sat Dec 15, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1588
Views: 218168

Re: Fidelity as a one stop shop

My experience with CMA is that the default sweep account is an FDIC-insured ultra-low-interest account, not SPRXX that hotpancakes uses or FCFXX that I use. The move from cash to higher interest MMF has to be manually initiated. Is there an automation mechanism that I missed? Nope, that's how they ...
by hotpancakes
Sat Dec 15, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1588
Views: 218168

Re: Fidelity as a one stop shop

The cash management account allows you to purchase their money market fund, SPRXX, yielding around 2.1%. It will automatically sell some to cover ATM withdrawals, any checks you write, or any bills you pay. Thanks for your response. About this, I was told by chat rep that I cant buy MMF or any fund...
by hotpancakes
Sat Dec 15, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1588
Views: 218168

Re: Fidelity as a one stop shop

The cash management account allows you to purchase their money market fund, SPRXX, yielding around 2.1%. It will automatically sell some to cover ATM withdrawals, any checks you write, or any bills you pay. Thanks for your response. About this, I was told by chat rep that I cant buy MMF or any fund...