Search found 11015 matches

by Kevin M
Thu Nov 14, 2019 2:36 pm
Forum: Personal Investments
Topic: Winning the Game - Reducing Risk
Replies: 25
Views: 2548

Re: Winning the Game - Reducing Risk

The only characterization I object mildly to, in your post, is that the bonds are “safe assets”. This is true in general, however the types of bonds being discussed are relatively safe compared to stocks. An asset is safe if it matches a liability in terms of maturity or duration and unit of accoun...
by Kevin M
Thu Nov 14, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Vanguard CSV files for account transactions ?
Replies: 3
Views: 226

Re: Vanguard CSV files for account transactions ?

With Vanguard transitioning to the "new" "brokerage" account system I am wondering how this will affect my custom spreadsheet programming. I download the account values and transactions using the CSV file format from the Vanguard site. I then have some custom programming to extract data and enter i...
by Kevin M
Wed Nov 13, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 112
Views: 8557

Re: H&R BLOCK Pre-Order 2019 Software Offer

I poked around a bit last year and could not find a way to report the bug I ran into (which I mentioned earlier). I reported a bug via their online chat, and they didn't fix it with the next 2 updates, so I just experimented and found a way to work around it (changed a value from 0 to 1 in my case)...
by Kevin M
Wed Nov 13, 2019 8:38 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Max additional return over the PSECU 3.35% interest rate on 25000 for 5 months at 5% at CCU is $171, hardly worth the hoops joining CCU for that, IMO 1. PSECU deal is dead 2. Literally no hoops required for CCU. There is no verification of alumni association membership nor PTA membership. Thanks fo...
by Kevin M
Wed Nov 13, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Just wanted to confirm that PSECU will honor last month’s CD rates as per the email I posted from them. Your account had to be established by November 9th. That's not what the letter that folks have shared says, which is, "We will honor current rates for 24-month certificate and 36-month certificat...
by Kevin M
Wed Nov 13, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 112
Views: 8557

Re: H&R BLOCK Pre-Order 2019 Software Offer

<snip> So, I decided to preorder HRB this year when the message came out. I ran it tonight and found a bug. At least I hope its a bug. No worry, I'll just send 'em an email and they can deal with it. Only problem: no email and support hours are limited to when I'm working. <snip> If anybody here kn...
by Kevin M
Wed Nov 13, 2019 2:37 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Max additional return over the PSECU 3.35% interest rate on 25000 for 5 months at 5% at CCU is $171, hardly worth the hoops joining CCU for that, IMO 1. PSECU deal is dead 2. Literally no hoops required for CCU. There is no verification of alumni association membership nor PTA membership. Thanks fo...
by Kevin M
Tue Nov 12, 2019 9:25 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

For CA residents, a 5-month 5% APY CD, $25k max https://www.ccu.com/personal/accounts/certificates Looks like field of membership is more restrictive than just CA. When I start the join process, for eligibility I see "I live or work in San Diego, Riverside, or Orange county, or ...", "I live in Cal...
by Kevin M
Tue Nov 12, 2019 8:54 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Here is the fine print from the Equitable Savings & Loan Association 120 Month CD: <snip> Interest credited to the account during any term may be withdrawn at any time during such term without penalty. OK, but that's not what you said the rep at the local branch told you. You said the rep told you ...
by Kevin M
Tue Nov 12, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

I have more information about the CD in Colorado. We went in person to talk with them and the fine print is this: If you choose to withdraw early from the 120 month CD you may ONLY withdraw the interest accrued. There will be a 90 day EWP on the interest you withdraw. The caveat is that the princip...
by Kevin M
Mon Nov 11, 2019 7:14 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

I mentioned this before, but let me do so again https://www.salliemae.com/banking/certificates-of-deposit/?lnkid=SM-BankingHP-CDs-learnmore Any comment on the 2.35% 1 year rate at Sallie Mae ? Sounds pretty good to me, better than Capital One's 2.20% CD. It is competitive--shows up in 3rd place on ...
by Kevin M
Mon Nov 11, 2019 3:46 pm
Forum: Personal Investments
Topic: Muni guidance for $15m portfolio
Replies: 11
Views: 2826

Re: Muni guidance for $15m portfolio

Thanks for all the feedback. Kevin, how were you calculating TEYs? I plugged the SEC yields into a few different online calculators but couldn't get the same numbers. Obviously my mistake, but still not sure where. Formulas derived in this post: Taxable Equivalent Yield (TEY) . Many of the calculat...
by Kevin M
Mon Nov 11, 2019 3:26 pm
Forum: Personal Investments
Topic: Invest $400K from maturing CD now, or roll into new CD?
Replies: 6
Views: 1151

Re: Invest $400K from maturing CD now, or roll into new CD?

OK, let's break this down a bit to try and clarify the confusion. <snip> Desired Asset Allocation 40% Stocks/60% Bonds Current Portfolio <snip> current allocation is approximately 33% Stocks, 33% Bonds, 33% Cash OK, let's simplify and say current allocation is 33% stocks and 67% fixed income. <snip>...
by Kevin M
Mon Nov 11, 2019 2:43 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Never called these guys up to see if there would be anyway to get an account. But they are 3.37% 120 month with I believe a 90 day EWP. Would be nice to have 4 $50K CDs that I could cancel when needed. I'd take a few day vacation to Denver for that. I have nothing to invest now though. https://www....
by Kevin M
Sun Nov 10, 2019 9:23 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

My friend is proceeding on the assumption that what the PSECU rep told him (and some who have posted here) is true--that they will honor the rate for him since he got his application in before the deal ended. He got the reps name, but did not get it in writing. I suggested that he try to get it in w...
by Kevin M
Sun Nov 10, 2019 8:03 pm
Forum: Personal Investments
Topic: Invest $400K from maturing CD now, or roll into new CD?
Replies: 6
Views: 1151

Re: Invest $400K from maturing CD now, or roll into new CD?

I'm somewhat confused by the description of assets and asset allocation. A CD is not cash. A brokered CD functions pretty much like a bond, so it's closer to bonds than cash. A direct CD functions like neither--you can do an early withdrawal and pay a penalty, so there is a fixed downside (say if ra...
by Kevin M
Sun Nov 10, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: Expected Return For Bond Funds
Replies: 11
Views: 1194

Re: Expected Return For Bond Funds

SEC yield should be the main metric but it assumes the market will stay somewhat static. Not necessarily. We are discussing expected return, which is a probability-weighted average of all possible returns. If we assume a "somewhat static" market in estimating probable returns, then the dispersion o...
by Kevin M
Sun Nov 10, 2019 5:23 pm
Forum: Investing - Theory, News & General
Topic: Expected Return For Bond Funds
Replies: 11
Views: 1194

Re: Expected Return For Bond Funds

The SEC yield is fine and dandy unless bonds in the fund default. This is an issue with High Yield Bond Funds and could be an issue with funds holding corporate bonds with lower ratings should their ratings drop out of the Investment Grade class. Wouldn't the bonds be prices based on some expectati...
by Kevin M
Sun Nov 10, 2019 5:04 pm
Forum: Investing - Theory, News & General
Topic: Expected Return For Bond Funds
Replies: 11
Views: 1194

Re: Expected Return For Bond Funds

“We do not know if our bond purchase will result in a capital gain or loss at the time of purchase.“ Not totally correct. If you buy a bond and intend to and do hold to maturity, you know EXACTLY what you will get (what your return will be) assuming no default. You get the interest payments specifi...
by Kevin M
Sun Nov 10, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1202
Views: 147392

Re: Fidelity as a one stop shop

I found it occasionally annoying to understand my balance in real time with all the transfers between CMA and brokerage We don't even have a Fidelity brokerage (we have IRAs and CMA), <snip> An IRA account at Fidelity is a brokerage, but I get your point--you don't have a taxable brokerage account....
by Kevin M
Sun Nov 10, 2019 2:09 pm
Forum: Personal Investments
Topic: Muni guidance for $15m portfolio
Replies: 11
Views: 2826

Re: Muni guidance for $15m portfolio

For my bond allocation in taxable, I was previously 50:50 in treasuries:munis. More recently I've decided I prefer to be 100% in treasuries. The reason is that if you've already "won" the game, the only thing that can really get you is a terrible market scenario. And in such a scenario, the asset I...
by Kevin M
Sun Nov 10, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Just be sure that you are making an apples-to-apples comparison when looking at CD rates. Top CD yields in each maturity at Fidelity are for callable CDs, whereas the non-callables are identical to the Schwab ones you present. Good point! Similarly, bond yields shown on the Yields summary page are ...
by Kevin M
Sat Nov 09, 2019 9:58 pm
Forum: Personal Investments
Topic: Muni guidance for $15m portfolio
Replies: 11
Views: 2826

Re: Muni guidance for $15m portfolio

With that income, I'm guessing you're in the top fed and state tax brackets. If you want to hold bonds in taxable, it seems like a mix of treasuries and muni would be a good option, treasuries for the state tax exemption and muni for fed tax exemption. OP gets fed and state tax exemption on the CA ...
by Kevin M
Sat Nov 09, 2019 8:30 pm
Forum: Personal Investments
Topic: Muni guidance for $15m portfolio
Replies: 11
Views: 2826

Re: Muni guidance for $15m portfolio

I'd say the most common recommendation would be to pick one of the intermediate-term or long-term muni funds and just stick with it. Others are more worried about taking extra term risk with the yield curves relatively flat, so not much yield premium for taking the extra risk. There is something to ...
by Kevin M
Sat Nov 09, 2019 8:06 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Saw on depositaccounts and psecu website new rates: RATE CHANGE... new PSECU CD rates effective 5pm Eastern Time 11/9/19. 2yr @ 2.00% APY, 3yr @2.25% APY, 4yr @ 2.40% APY, 5yr @ 2.55% APY I guess I will be sending my ira funds back to vanguard. We have several reports of PSECU saying that they will...
by Kevin M
Sat Nov 09, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

Yep, supposedly I got lucky but I'm not 100% sure yet. Today I got an email that my membership at PSECU was granted. I called to find out how to transfer money to my membership account and add a CD. While chatting about my options (either add a checking account first or fill out and mail/fax a pape...
by Kevin M
Sat Nov 09, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

To the thread title: Best CD rates thread I started a CD ladder in the spring of 2018 with 3, 6, 9, and 12 month new issues from Schwab, within my SEP-IRA (they were between 1.75% and 2.25% as I recall). After a couple came due I replaced one with a 2.75% one year and I thought this is great -- if ...
by Kevin M
Sat Nov 09, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1202
Views: 147392

Re: Fidelity as a one stop shop

Firstly I wanted to thank everyone that's contributed this thread, I've decided to take the plunge and consolidate my accounts with Fidelity. My idea is to setup 3 accounts: CMA (ATM Only) Brokerage A ("Checking" - direct deposit, credit card payments, payments that don't accept credit cards) Broke...
by Kevin M
Sat Nov 09, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

To the thread title: Best CD rates thread I started a CD ladder in the spring of 2018 with 3, 6, 9, and 12 month new issues from Schwab, within my SEP-IRA (they were between 1.75% and 2.25% as I recall). After a couple came due I replaced one with a 2.75% one year and I thought this is great -- if ...
by Kevin M
Sat Nov 09, 2019 1:04 pm
Forum: Personal Investments
Topic: Suggestions for cash or cash equivalent positions?
Replies: 21
Views: 1273

Re: Suggestions for cash or cash equivalent positions?

4 week treasury bills bought at auction and put on auto roll. I do this at Fidelity. Schwab May also offer this. Cost me $0 transaction costs and 0.00 expense ratio. Safest most liquid investment in the world. This made more sense a few months ago when Treasury yields were more competitive. Yield o...
by Kevin M
Fri Nov 08, 2019 8:41 pm
Forum: Personal Investments
Topic: Need Help With Bond Funds and Comfort Level. Or...
Replies: 9
Views: 1005

Re: Need Help With Bond Funds and Comfort Level. Or...

Savings accounts, CD’s, and money markets essentially have a duration of zero, since their price doesn't change with interest rate changes. As noted above, they generally have the lowest return. CDs do not have a duration of 0 years, and they do not necessarily have the lowest return. Brokered CDs ...
by Kevin M
Fri Nov 08, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

I mailed in an ira application a week and a half ago to psecu to transfer funds from vanguard. From vanguard's website, they mailed psecu a check November 5. As of now psecu hasn't received it. According to depositaccounts, the 2 and 3 year rates are only good until tomorrow, not the end of novembe...
by Kevin M
Fri Nov 08, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 112
Views: 8557

Re: H&R BLOCK Pre-Order 2019 Software Offer

Can anyone tell me what ‘version’ of the HR Block software I need given that I have: W2 income, 1099-DIV/INT Income, capital losses (8949, Schedule D), backdoor Roth conversion (8606), rental income (Schedule E), and I have to do a part-year return for one state? Any version allows you to prepare a...
by Kevin M
Fri Nov 08, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 112
Views: 8557

Re: H&R BLOCK Pre-Order 2019 Software Offer

Just bought and installed it too. Thanks for providing the link. Every year, including 2019, this program nags me to upgrade my screen resolution every time I launch it. All screens look fine to me so I never mess with it. They say I need at least 1024 x 768 resolution, but my current settings are ...
by Kevin M
Fri Nov 08, 2019 7:13 pm
Forum: Personal Investments
Topic: Suggestions for cash or cash equivalent positions?
Replies: 21
Views: 1273

Re: Suggestions for cash or cash equivalent positions?

Ally no-penalty CD yield is 1.90% APY, with the yield locked in for 11 months, and penalty-free withdrawal of full amount allowed after six days. So higher yield than Prime MM, and yield locked in for 11 months. You might be able to find a savings account at about 2.4%. Check out DepositAccounts . ...
by Kevin M
Fri Nov 08, 2019 7:04 pm
Forum: Personal Investments
Topic: Suggestions for cash or cash equivalent positions?
Replies: 21
Views: 1273

Re: Suggestions for cash or cash equivalent positions?

Probably not VCTXX, but tell me your federal and state marginal tax rates and I'll tell you the TEY. At my rates of 27% fed and 8% state, VCTXX TEY is only 1.47% (SEC yield = 0.95%). The tax-exempt MM fund yields are cyclical, so at some times they may be competitive, but not now. As a CA resident ...
by Kevin M
Fri Nov 08, 2019 3:05 pm
Forum: Personal Investments
Topic: Suggestions for cash or cash equivalent positions?
Replies: 21
Views: 1273

Re: Suggestions for cash or cash equivalent positions?

VUSXX Thanks, but this carries a minimum investment of $50k. We don't need to hold this much cash. Edit: I'm in California; maybe VCTXX. Probably not VCTXX, but tell me your federal and state marginal tax rates and I'll tell you the TEY. At my rates of 27% fed and 8% state, VCTXX TEY is only 1.47% ...
by Kevin M
Fri Nov 08, 2019 2:52 pm
Forum: Personal Investments
Topic: Suggestions for cash or cash equivalent positions?
Replies: 21
Views: 1273

Re: Suggestions for cash or cash equivalent positions?

Vanguard money market funds are safe and have the highest yields relative to MM funds at the other brokers you mention. Depending on your state tax rate, Fed MM could have a higher taxable equivalent yield (TEY) than Prime MM. Prime SEC yield is 1.82%, but all MM yields have been falling as the Fed ...
by Kevin M
Fri Nov 08, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: Expected Return For Bond Funds
Replies: 11
Views: 1194

Re: Expected Return For Bond Funds

A lot of folks, including me, think the SEC yield is a reasonable indicator of expected return for a bond fund over a holding period in the ballpark of the fund duration. But keep in mind that expected return is just the midpoint of a range of probable returns, so the realized 5-year or 10-year retu...
by Kevin M
Fri Nov 08, 2019 12:47 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

I'm putting $227K into a 3-year IRA CD as soon as the check from Vanguard arrives. My rant. Maybe I should have tried asking for a check, but am wore down and giving up. After 12 days (including a week to get the Chexsystems freeze lifted as I never received a PIN) and a few calls and an hour or so...
by Kevin M
Thu Nov 07, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1202
Views: 147392

Re: Fidelity as a one stop shop

I don't have the debit card for the investment account (IA). I only have the card for the CMA. Just wondering if it is worthwhile to get the card for the IA. I currently keep the CMA balance zero. I don't want a card for the brokerage account, even though I qualify for ATM fee rembursements. It's e...
by Kevin M
Thu Nov 07, 2019 8:32 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103401

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Crushtheturtle wrote:
Thu Nov 07, 2019 7:10 pm
I bought a little more TMF today after its large drop, assuming the same "buy on the dip" principle applies to leveraged ETFs...

That's a lotta droppin' :shock:
Buy on the dip or catch a falling knife? :twisted:
by Kevin M
Thu Nov 07, 2019 6:41 pm
Forum: Personal Investments
Topic: MMA or Savings or Cash Management
Replies: 21
Views: 1290

Re: MMA or Savings or Cash Management

For a 3-year timeframe, a good choice would be PSECU 3-year CD at 3.25%. You'll be hard pressed to find anything better. They also have a 2-year at 3.00%, which also is hard to beat. Biggest downside is that you have to join the credit union if you're not already a member. No big deal for me, but s...
by Kevin M
Thu Nov 07, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1202
Views: 147392

Re: Fidelity as a one stop shop

Does it show anywhere on the web page whether your ATM fees will be reimbursed? This is for the investment account, not the CMA. I don’t see that anywhere. You can always just test it out and see what happens. My ATM fees are mostly reimbursed within a few days or a week. I don't have the debit car...
by Kevin M
Thu Nov 07, 2019 6:26 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 1469
Views: 103401

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Is now a good time to rebalance UPRO to TMF? <snip> Seems TMF is taking a hit (not market timing just observing) the Fed's rate should have hiked it, but perhaps people are going from bonds to equities.. <snip> The Fed doesn't dictate long-term rates, economic outlook does and things look better no...
by Kevin M
Thu Nov 07, 2019 6:03 pm
Forum: Investing - Theory, News & General
Topic: Cost basis step up on death of spouse?
Replies: 43
Views: 2838

Re: Cost basis step up on death of spouse?

Consider the case where, at the time of marriage, the partner with the most assets is the older one and thus likely to die sooner. Would it then make sense, for the sake of inheritance, to continue to maintain separate accounts, in which case the younger spouse would inherit 100% fully stepped up? ...
by Kevin M
Thu Nov 07, 2019 4:39 pm
Forum: Personal Investments
Topic: MMA or Savings or Cash Management
Replies: 21
Views: 1290

Re: MMA or Savings or Cash Management

For a 3-year timeframe, a good choice would be PSECU 3-year CD at 3.25%. You'll be hard pressed to find anything better. They also have a 2-year at 3.00%, which also is hard to beat. Biggest downside is that you have to join the credit union if you're not already a member. No big deal for me, but s...
by Kevin M
Thu Nov 07, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 112
Views: 8557

Re: H&R BLOCK Pre-Order 2019 Software Offer

I like to be able to peek into and if necessary edit the actual forms themselves, and see what changes my edits make to the calculations. The online versions do not allow this. Thanks so much, I did not realize that was a limitation of Freetaxusa. Do they allow you to download a copy of the file in...
by Kevin M
Thu Nov 07, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 381
Views: 40299

Re: Best CD rates thread

I didn't consider autotransfer. Does it mean you got a 5 yr CD, you can add any amount to the CD at the promotional rates for these 5 years? Not quite. You specify an amount, a PSECU funding account (e.g., savings or checking), and a day of the month (DOM) to do the auto-transfer into the CD. On th...
by Kevin M
Thu Nov 07, 2019 2:37 pm
Forum: Investing - Theory, News & General
Topic: Hidden liquidity risk with I-bonds
Replies: 43
Views: 4244

Re: Hidden liquidity risk with I-bonds

One benefit of CDs over I Bonds is that if you've been buying them for a few years, sticking with maturities of 7 years or less, you are likely to have CDs maturing periodically, and that contributes to liquidity for likely rebalancing scenarios. With a 30-year maturity, I Bonds don't have that sam...