Search found 399 matches

by sarabayo
Tue Jun 09, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: What do brokers earn from passive index investors?
Replies: 7
Views: 1072

Re: What do brokers earn from passive index investors?

Securities lending requires a margin account. It does? Why? We're talking about the brokerage lending out securities that you own (with your permission), right? Wouldn't it be set up so that any credit risk goes to them and not you, especially since you're not getting anything out of the arrangemen...
by sarabayo
Sun May 24, 2020 5:15 pm
Forum: Personal Investments
Topic: Why Vanguard Seems to Be Pushing Us Towards ETFs?
Replies: 50
Views: 4788

Re: Why Vanguard Seems to Be Pushing Us Towards ETFs?

Fclevz wrote:
Sun May 24, 2020 1:56 pm
But Vanguard also has many funds for which there is no ETF share class.
Why is that, by the way? If ETFs are easier and cheaper for them to administer, why don't they add ETF share classes to all of their mutual funds?
by sarabayo
Sat May 23, 2020 1:29 pm
Forum: Investing - Theory, News & General
Topic: TIAA warns on negative yields on money market funds
Replies: 71
Views: 5009

Re: TIAA warns on negative yields on money market funds

What is different here is that CREF Money Market Account is not a traditional money-market fund with a share price of $1.00 per share, earning all its value from dividends. It is a subaccount in the CREF variable annuity with a variable share price; if the yield is 1%, a share price might go from $...
by sarabayo
Wed May 20, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Core Position choice
Replies: 3
Views: 417

Re: Fidelity Core Position choice

IMO if you're keeping enough cash in your checking account that the difference in interest rate between it and higher-rate options (e.g. Ally, Simple, etc.) is losing you a non-negligible amount of money, then you're keeping too much cash in your checking account. I just keep enough cash there to co...
by sarabayo
Mon May 18, 2020 1:59 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 11771

Re: Paul Tudor: Compelling case for bitcoin ?

I know nothing about this. Do you guess in the lifetime of those reading this forum or beyond? I bet there are many other risks for bitcoin going to 0. There is also a chance it will be worth much more years from now. No one knows. I fully expect this to be in my lifetime. Mathematics and physics w...
by sarabayo
Sun May 17, 2020 5:42 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 11771

Re: Paul Tudor: Compelling case for bitcoin ?

I know nothing about this. Do you guess in the lifetime of those reading this forum or beyond? I bet there are many other risks for bitcoin going to 0. There is also a chance it will be worth much more years from now. No one knows. I fully expect this to be in my lifetime. Mathematics and physics w...
by sarabayo
Sat May 16, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 11771

Re: Paul Tudor: Compelling case for bitcoin ?

Cardless digital transactions are increasingly common through apps such as Apple Pay and Google Pay. From Korea to Kenya, people increasingly pay for stuff using a phone -- no credit card needed (as far as I know) and definitely no cash needed. I gather people are still transacting in a digital ver...
by sarabayo
Thu May 14, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2168
Views: 378757

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

snowman wrote:
Thu May 14, 2020 3:39 pm
EnjoyIt wrote:
Thu May 14, 2020 11:01 am
Does this include solo 401k as well?
No. Solo 401k accounts are always excluded from bonuses at all firms, for legal reasons.
That's interesting. Do you happen to know what those legal reasons are?
by sarabayo
Thu May 14, 2020 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3383

Re: Small businesses stopping employees from getting Pandemic payments?

I think he should make decisions based on his long-term interests, which would likely mean keeping on good terms with his employer. Some of the supporting programs, such as PP, may not last very long. I would think that "avoiding dying of COVID-19" would be a more important long-term interest than ...
by sarabayo
Wed May 13, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Small businesses stopping employees from getting Pandemic payments?
Replies: 54
Views: 3383

Re: Small businesses stopping employees from getting Pandemic payments?

I think he should make decisions based on his long-term interests, which would likely mean keeping on good terms with his employer. Some of the supporting programs, such as PP, may not last very long. I would think that "avoiding dying of COVID-19" would be a more important long-term interest than ...
by sarabayo
Tue May 12, 2020 11:29 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 229
Views: 11771

Re: Paul Tudor: Compelling case for bitcoin ?

Cardless digital transactions are increasingly common through apps such as Apple Pay and Google Pay. From Korea to Kenya, people increasingly pay for stuff using a phone -- no credit card needed (as far as I know) and definitely no cash needed. I gather people are still transacting in a digital ver...
by sarabayo
Tue May 12, 2020 7:05 pm
Forum: Investing - Theory, News & General
Topic: Contributing, Market Timing, and Never Selling?
Replies: 15
Views: 927

Re: Contributing, Market Timing, and Never Selling?

M1 has a single free window each day at 9 am cst and another in the afternoon for subscription. The market price is whatever is current at the time. You can choose whether or not to buy up to the window. It automatically allocates to the underweight fund. But the only decision I make is the size an...
by sarabayo
Thu May 07, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Summer Intern Roth 401(k)
Replies: 16
Views: 553

Re: Summer Intern Roth 401(k)

I sort of did this -- my company's matching wasn't quite as good as your son's, nor did they allow me to contribute 100% of my paychecks, but I did select the maximum amount. When I graduated I ended up working for that same company, and it turned out that by the rules of their 401(k) plan, my vesti...
by sarabayo
Tue May 05, 2020 8:20 pm
Forum: Personal Consumer Issues
Topic: can't log on [to Vanguard website]
Replies: 70
Views: 2443

Re: can't log on

No problem here either. I'm amused, though, that everyone seemed to guess the OP was talking about vanguard.com even though that wasn't specified at all :) At first I thought it was about logging into the Bogleheads forum... but then I realized they couldn't have posted this thread if that was the c...
by sarabayo
Tue May 05, 2020 8:16 pm
Forum: Personal Investments
Topic: Withdrawal from a three fund portfolio question.
Replies: 5
Views: 612

Re: Withdrawal from a three fund portfolio question.

Or do you withdraw money from the ones that are up and give the other one more time to rebound? Yes, this is a perfectly acceptable strategy, "harvest" from the over-balanced fund(s) to bring it(them) them back down into line with the others. Note that if this is in a taxable account, and you have ...
by sarabayo
Tue May 05, 2020 5:12 pm
Forum: Personal Investments
Topic: Close to retirement and don't know what to do
Replies: 33
Views: 4119

Re: Close to retirement and don't know what to do

One could argue that there is no money "there" when it is all invested in securities. Only cold hard cash is money. Everything else is just something that presumably can be sold to someone for some price, and depending on market liquidity there is a consensus of some level of certainty as to what t...
by sarabayo
Tue May 05, 2020 4:53 pm
Forum: Personal Investments
Topic: Close to retirement and don't know what to do
Replies: 33
Views: 4119

Re: Close to retirement and don't know what to do

OP, Just want to clarify something. You have not "lost" $100k since the beginning of the year. This is not true in any sense. The money is no longer there. One could argue that there is no money "there" when it is all invested in securities. Only cold hard cash is money. Everything else is just som...
by sarabayo
Mon May 04, 2020 2:55 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1610
Views: 224576

Re: Fidelity as a one stop shop

Kinda funny. Not too long ago Fidelity was touting their great MM yields in TV ads. I guess as a shot at Schwab. Now most Fidelity MMs are 0.01%. this kinda ruins the one stop shop for me. I'm probably moving my cash back to Capital One. Is there any alternative at FIDO that gets a decent yield? No...
by sarabayo
Mon May 04, 2020 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1610
Views: 224576

Re: Fidelity as a one stop shop

Kinda funny. Not too long ago Fidelity was touting their great MM yields in TV ads. I guess as a shot at Schwab. Now most Fidelity MMs are 0.01%. To be fair, nobody else's MM yields are much better from what I've seen, and those that are better are continuing to drop day to day. I expect to probabl...
by sarabayo
Sun May 03, 2020 8:59 pm
Forum: Personal Investments
Topic: CDs as your fixed income, bonds, or both?
Replies: 13
Views: 1541

Re: CDs as your fixed income, bonds, or both?

I’ve always taken the simple approach as most do here. Total stock market and total bond market, with a drop of international as well. Cash is all in high interest savings and well beyond emergency fund levels so I count it towards the fixed/bond portion as well. I also have a CD as well that I cou...
by sarabayo
Fri Apr 24, 2020 2:33 am
Forum: Personal Investments
Topic: FIRE 32 Y/O New Investor Portfolio Review
Replies: 58
Views: 6715

Re: FIRE 32 Y/O New Investor Portfolio Review

... VOO (Vanguard S&P 500 ETF) - ETF so it will be tax efficient and it’s highly rated on Morningstar ... VXUS (Vanguard Total International Stock Market Index) - ETF so tax efficient and highly rated on Morningstar ... FLTMX (Fidelity® Intermediate Municipal Income Fund .35% ER) - from Morning sta...
by sarabayo
Thu Apr 23, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1610
Views: 224576

Re: Fidelity as a one stop shop

I don't think you can buy more than your buying power if buying internally (i.e., not from an external account), which includes not only your core position but also other money market funds in the account (and only that if not a margin account). For example, if you already had some money in FTEXX, ...
by sarabayo
Fri Apr 10, 2020 3:32 pm
Forum: Personal Investments
Topic: who’s rebalancing into Fixed income?
Replies: 6
Views: 495

Re: who’s rebalancing into Fixed income?

First time recession and there is a lot of learning going on for me: Lesson1: I confirmed that having a relatively large portfolio, I do not need a separate E-fund to sleep well at night as I can just sell my bonds and use them as E-fund. Having 5 years of living expenses in Bonds help relieve anxi...
by sarabayo
Fri Apr 10, 2020 3:17 pm
Forum: Personal Investments
Topic: who’s rebalancing into Fixed income?
Replies: 6
Views: 495

Re: who’s rebalancing into Fixed income?

First time recession and there is a lot of learning going on for me: Lesson1: I confirmed that having a relatively large portfolio, I do not need a separate E-fund to sleep well at night as I can just sell my bonds and use them as E-fund. Having 5 years of living expenses in Bonds help relieve anxi...
by sarabayo
Fri Apr 03, 2020 12:00 am
Forum: Personal Investments
Topic: Chase You Invest charging interest for selling ETF and buying MF same day
Replies: 9
Views: 436

Re: Chase You Invest charging interest for selling ETF and buying MF same day

I've been trying out a Chase You Invest taxable account. It doesn't let me place an order to sell mutual fund and buy ETF the same day. I know mutual fund sell order doesn't execute until market close, but Vanguard has always allowed me to do this in my taxable account. Really? You mean on Vanguard...
by sarabayo
Thu Apr 02, 2020 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Are your personal expenses down during stay home and shelter?
Replies: 180
Views: 10835

Re: Are your personal expenses down during stay home and shelter?

Definitely down. I usually eat out or order delivery, but at the beginning of March I bought a few months' worth of non-perishable food in bulk and am living off that, which is much cheaper (though it was a large an up-front cost). Of course, travel costs are also down to zero, but those were small ...
by sarabayo
Thu Apr 02, 2020 11:53 pm
Forum: Personal Investments
Topic: Chase You Invest charging interest for selling ETF and buying MF same day
Replies: 9
Views: 436

Re: Chase You Invest charging interest for selling ETF and buying MF same day

I've been trying out a Chase You Invest taxable account. It doesn't let me place an order to sell mutual fund and buy ETF the same day. I know mutual fund sell order doesn't execute until market close, but Vanguard has always allowed me to do this in my taxable account. Really? You mean on Vanguard...
by sarabayo
Thu Apr 02, 2020 2:29 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7175

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Same here. I use Fidelity as my central checking account, but I only keep a month or two of expenses there. The rest of my cash (my emergency fund) is at Simple Bank earning 1.75% in a "Protected Goals" account. So I guess it doesn't really matter how much interest Fidelity MMFs give me, since I on...
by sarabayo
Thu Apr 02, 2020 2:27 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7175

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

palanzo wrote:
Thu Apr 02, 2020 2:20 pm
I will let Kevin respond. You can check the holdings for yourself. There are only 33 holdings and all Treasuries.
Sure, I didn't mean to dispute what either of you said, I'm just confused how they can both be true. I'm sure there's some explanation :)
by sarabayo
Thu Apr 02, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7175

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Check the holdings on Fidelity's site. Vanguard is very clear it holds 100% Treasuries. That is why I only use Vanguard's. Surpisingly, less than 100% of income from VUSXX was from Treasuries for 2019 (about 98%), while FDLXX was 100% How do these two statements square with each other? How can VUSX...
by sarabayo
Thu Apr 02, 2020 11:47 am
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7175

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

I used to use FDRXX until I did my taxes this year and found that Fidelity had failed to maintain a >50% level of FDRXX's holdings in government obligations, which is a requirement to make FDRXX's dividends tax-deductible in California. After I changed my spreadsheets to assume that FDRXX was fully...
by sarabayo
Wed Apr 01, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7175

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

I thought about moving my SPAXX holdings to FDLXX before it was closed, and didn’t. Instead, I put some cash into a no-penalty Ally CD. My remaining cash at Fidelity is in FDIC accounts and SPAXX. I used to use FDRXX until I did my taxes this year and found that Fidelity had failed to maintain a >5...
by sarabayo
Wed Apr 01, 2020 1:05 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7175

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Fidelity shuts three money market funds to most new investors https://finance.yahoo.com/news/fidelity-shuts-three-money-market-205320236.html ... Fidelity said existing shareholders can add to their investments in the three funds, and 401(k)-type retirement plans that already offer the three funds ...
by sarabayo
Wed Apr 01, 2020 12:59 am
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 7175

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Fidelity shuts three money market funds to most new investors https://finance.yahoo.com/news/fidelity-shuts-three-money-market-205320236.html ... Fidelity said existing shareholders can add to their investments in the three funds, and 401(k)-type retirement plans that already offer the three funds ...
by sarabayo
Sun Mar 29, 2020 1:37 pm
Forum: Personal Investments
Topic: Approximating VTSAX
Replies: 7
Views: 809

Re: Approximating VTSAX

The S&P 500 has "the same" return as total stock market... until it doesn't. VINIX and FSMAX together do it. The former tracks the S&P 500; the latter is Fidelity’s completion fund covering the complement of S&P 500 in the total market. Holding them in a 4-1 ratio will approximate VTSAX well enough ...
by sarabayo
Sun Mar 29, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Earnings during Recent Bear Markets
Replies: 46
Views: 3274

Re: Dividends and Earnings during Recent Bear Markets

Bar a miracle, we are not going to be lucky. In 2008 airlines did not shut down. The total aviation industry is 3.5% of world GDP. And aviation is not 0... so the hit will be less. Further, a vaccine is 2 years away worst case. So it's a drop then an upswing. Same goes for other affected industries...
by sarabayo
Fri Mar 13, 2020 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 136
Views: 34545

Re: Replacement for Google Finance price quote function

So you need to request the URL once, ignore the 0-byte response but grab the cookie in the response headers, and then try again while sending the cookie. This would be fairly easy to script on the command line but I'm not sure how to make this work with a Google script for Google Sheets... OK, I th...
by sarabayo
Wed Mar 11, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 136
Views: 34545

Re: Replacement for Google Finance price quote function

Does this still work? it's been working well for me, but it stopped working last week or so. For example, I have this in a Google Sheet (F92 has the ticker for a fund in a Fidelity 401k, which isn't a publicly available fund): =1*ImportJSON(CONCATENATE("https://fundresearch.fidelity.com/api/workpla...
by sarabayo
Wed Mar 11, 2020 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 136
Views: 34545

Re: Replacement for Google Finance price quote function

Thanks sarabayo. I couldn't get your code working as posted. So I fixed it by changing following things: Replaced "1." with "=" before "ImportJSON". Changed CONCATENATE function to concatenate only first 2 values. Here is the modified code: =ImportJSON(CONCATENATE("https://fundresearch.fidelity.com...
by sarabayo
Fri Feb 14, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: state income tax
Replies: 10
Views: 732

Re: state income tax

Sales taxes, personal property taxes, higher real estate taxes, etc. You’re gonna pay, it’s just a question of how and how much. While true in an absolute sense, in a meaningful relative sense, someone's gonna pay, and that may be more you in some states than in others. Right, the states which get ...
by sarabayo
Thu Feb 06, 2020 3:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard Broadens Reach With Entry Into Private Equity
Replies: 69
Views: 4838

Re: Vanguard Broadens Reach With Entry Into Private Equity

KyleAAA wrote:
Wed Feb 05, 2020 7:51 pm
The first index fund was created in 1972, not by John Bogle.
https://en.wikipedia.org/wiki/Index_fund#Origins
Thanks, never heard about this one.
by sarabayo
Wed Feb 05, 2020 7:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Broadens Reach With Entry Into Private Equity
Replies: 69
Views: 4838

Re: Vanguard Broadens Reach With Entry Into Private Equity

How would a passively managed private equity fund work? Passively managed index mutual funds follow an index, and an index is some set of purchasable items weighted by some metric, usually market capitalization. How would that work with private equity? Unlike with publicly listed companies, there's...
by sarabayo
Wed Feb 05, 2020 6:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Broadens Reach With Entry Into Private Equity
Replies: 69
Views: 4838

Re: Vanguard Broadens Reach With Entry Into Private Equity

Private equity is all about paying a huge premium to let supposed geniuses pick stocks,except the stocks aren't traded on the open market and don't have to conform to the minimal SEC requirements for disclosure. Last I heard, Bogle was about keeping expenses low and NOT trying to beat the market wi...
by sarabayo
Wed Feb 05, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 7087

Re: who do you bank with and why?

I read through most of the fidelity thread which was a good one. A one stop shop is certainly attractive in many ways. For those who are taking this approach, how do you feel about their total fee structure, and how much do you have with them? I have ~$150k with them, most of that being in my 401(k...
by sarabayo
Mon Feb 03, 2020 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 7087

Re: who do you bank with and why?

I'm happy with using a Fidelity brokerage account for pretty much all my banking needs. Their money market funds have better interest rates than the majority of banks, and practically nothing in terms of nickle-and-diming penalties and fees like many banks have (at least as far as I've found). They ...
by sarabayo
Mon Feb 03, 2020 7:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2168
Views: 378757

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I setup ME to instantly sweep all cash funds to Fidelity where I do my checking due to the higher rate on money market funds. So I hold VTI in ME, and if there are dividends received they go straight to Fidelity. How did you do that? BTW my Fidelity rep got back to me and confirmed that she cannot ...
by sarabayo
Mon Feb 03, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank for holding EF and short term savings?
Replies: 40
Views: 2670

Re: Best bank for holding EF and short term savings?

Surprised nobody's mentioned Simple Bank yet. They're offering 1.88% on what's effectively a checking account (their "Protected Goals" account, supposedly it's meant to be used like a savings account but for the purposes of ACH it acts like a checking account). No hoops to jump through either (no re...
by sarabayo
Fri Jan 31, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: over-contribution to megaback door roth IRA
Replies: 5
Views: 362

Re: over-contribution to megaback door roth IRA

Sorry, you are of course right. Not sure how I confused myself so badly :oops: I will be editing my post.
by sarabayo
Fri Jan 31, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: over-contribution to megaback door roth IRA
Replies: 5
Views: 362

Re: over-contribution to megaback door roth IRA

EDIT: Deleted because of inaccurate information.
by sarabayo
Fri Jan 31, 2020 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: over-contribution to megaback door roth IRA
Replies: 5
Views: 362

Re: over-contribution to megaback door roth IRA

I think the place where after-tax contributions and in-service Roth rollovers (the two components of the "mega backdoor Roth" strategy) would be on the 1099-R forms that are provided to you for each 401(k). Have you looked at those?