Search found 36 matches

by isira
Thu Oct 31, 2019 6:40 pm
Forum: Personal Investments
Topic: Money funds with T+0 and T+1 settlement days
Replies: 5
Views: 485

Re: Money funds with T+0 and T+1 settlement days

The cutoff and settlement times are already published on Merrill (Log into Merrill: Go to Research -> Mutual Funds -> Cash Management Solutions). For many funds, the cutoff times are actually earlier than what the official fund overview page says.
by isira
Thu Oct 31, 2019 6:02 pm
Forum: Personal Investments
Topic: Money funds with T+0 and T+1 settlement days
Replies: 5
Views: 485

Re: Money funds with T+0 and T+1 settlement days

I suppose it depends on the broker. For example, at Merrill Edge (Research -> Mutual Funds -> Cash Management Solutions), it says PVOXX will settle next business day provided your order is in by 3PM EST.
by isira
Mon Oct 28, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab Referral Bonus - Really Need to Keep for a Year?
Replies: 26
Views: 1731

Re: Charles Schwab Referral Bonus - Really Need to Keep for a Year?

(I also want to move my money because I get paranoid that if I lose my debit card, someone can immediately wipe out a lot of my funds. I believe the daily minimum is $1k, but that is still a lot to me. I travel a bit and have almost been pick-pocketed before.) Call Schwab and ask them to set the Po...
by isira
Sun Oct 27, 2019 1:06 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3213

Re: Best Single Entity for Investments + Cash + Banking

Merrill Edge has decent money market funds , but the good ones require 100k to open the fund and you can deposit/withdraw any amount afterwards. Can you purchase these money market funds online from Merrill Edge without calling in? Are there any short term redemption fees? Yes, you can buy/sell int...
by isira
Sun Oct 27, 2019 12:47 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3213

Re: Best Single Entity for Investments + Cash + Banking

Merrill Edge + BofA CC is tough to beat. Platinum Rewards bonus on the credit card is probably the single most valuable perk. From what I can tell, though, their really lousy cash management options undermine it. Savings account at less than 0.1% interest? I'd have to be charging a looooot of stuff...
by isira
Sat Oct 26, 2019 10:13 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3213

Re: Best Single Entity for Investments + Cash + Banking

Merrill Edge + BofA CC is tough to beat. Platinum Rewards bonus on the credit card is probably the single most valuable perk. From what I can tell, though, their really lousy cash management options undermine it. Savings account at less than 0.1% interest? I'd have to be charging a looooot of stuff...
by isira
Sat Oct 26, 2019 11:37 am
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3213

Re: Best Single Entity for Investments + Cash + Banking

I suppose if I were to consolidate with 1 financial institution, I'd go with Chase Sapphire Checking/Private Client + Chase You Invest + Chase Trifecta Credit Cards . Personally, I use Schwab as my primary banking and investments and BofA/Merrill Edge with Platinum Honors Preferred Rewards status fo...
by isira
Mon Oct 14, 2019 10:17 am
Forum: Personal Investments
Topic: Money Market Decision
Replies: 32
Views: 3038

Re: Money Market Decision

What are the Schwab equivalents to VMFXX and VMMXX (my accounts are at Schwab), or are Vanguard's better than Schwab? SWVXX is Schwab's Prime Money Market, equivalent to VMMXX. SNSXX is Schwab's US Treasury Money Market Fund that invests 100% in direct US Treasuries, equivalent to VUSXX. SNVXX is S...
by isira
Sun Oct 13, 2019 5:49 pm
Forum: Personal Investments
Topic: Money Market Funds in Taxable?
Replies: 4
Views: 857

Re: Money Market Funds in Taxable?

I currently bank at Schwab, and instead opening a savings account to keep my emergency fund/cash in, I’m considering putting it into a money market fund in my brokerage account. Aside from lack of FDIC insurance, why are the cons (and pros) to using a money market fund in taxable? A money market fu...
by isira
Fri Oct 11, 2019 6:18 pm
Forum: Personal Consumer Issues
Topic: Best No Annual Fee Visa Credit Card with Cash Back
Replies: 56
Views: 4880

Re: Best No Annual Fee Visa Credit Card with Cash Back

3. BofA Preferred Rewards MasterCard - likely the best “everything else” card if you qualify for the higher rewards % due to having (I think) $100k in a BofA bank account or Merrill Edge brokerage account. The BofA Cash Rewards card comes in both Visa and MC flavors. Susan G Komen, World Wildlife F...
by isira
Thu Oct 10, 2019 8:02 pm
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

The closest to Vanguard's VMFXX is GOTXX as they both invest in US government securities. GOTXX is 100% state tax exempt because it invests 100% directly into Federal obligations, where as VMFXX is only partially state tax exempt because it has repurchase agreements which is not state tax exempt. I...
by isira
Mon Oct 07, 2019 7:24 pm
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

1. To use these MMFs, do I submit a purchase through Trade > Mutual funds? #1 I'm not sure if you still need to call in to open, but I could buy and sell into my existing position using the Mutual Fund trader. I will find out if I can open a new position without calling in sometime this week. Confi...
by isira
Sun Oct 06, 2019 5:02 pm
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

I haven't used any of these MMFs. Some questions 1. To use these MMFs, do I submit a purchase through Trade > Mutual funds? 2. Are there any transaction fees? Does it count against one free trade? 3. Any requirement to maintain the minimum balance after purchase? 4. Are they available in the IRA? #...
by isira
Sun Oct 06, 2019 4:52 pm
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

Were you able to find a federal obligations percentage for TTTXX? I didn't see it in https://www.blackrock.com/us/individual/literature/tax-information/2018-tax-info-open-end-funds.pdf, probably because it's an institutional fund. If you study the prospectus , you will see that repurchase agreement...
by isira
Sun Oct 06, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 502
Views: 133487

Re: Bank of America/Merrill Edge - Preferred Rewards

I'd like to consolidate further but it's difficult matching some of what Vanguard offers. I haven't found an equivalent to Vanguard Treasury Money Market Fund (VUSXX) for holding an emergency fund at any other brokerage yet. The equivalent to VUSXX at Merrill Edge is TTTXX (BlackRock) and UTIXX (Fe...
by isira
Sun Oct 06, 2019 12:21 pm
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

After studying the Cash Management Solutions page (Research->Mutual Funds->Cash Management Solutions Tab) and reading a few prospectus, I will be switching from GOTXX (Federated Government Obligations Tax Managed) to TTTXX (BlackRock Liquidity Funds Treasury Trust). My primary objective is to find a...
by isira
Sat Oct 05, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 502
Views: 133487

Re: Bank of America/Merrill Edge - Preferred Rewards

BofA has given me exceptional service since I've joined their platform. Here's the rundown. July 23, wired $100k into Merrill Edge. July 23, transferred $100 into BofA. September 25, applied for BofA Cash Rewards and BofA Premium Rewards credit cards. Requested expedited delivery of cards. September...
by isira
Sat Oct 05, 2019 1:23 pm
Forum: Personal Investments
Topic: Where to put cash at Schwab taxable acct
Replies: 18
Views: 2214

Re: Where to put cash at Schwab taxable acct

I personally use SNSXX. It invests 100% directly into US Treasuries, meaning it is fully state tax exempt. At my tax bracket (24% Fed, 9.7% State), its tax equivalent yield has been higher than any other fund over the past year.
by isira
Sun Sep 29, 2019 11:45 am
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

Other than cash equivalents are folks just buying vti according their aa to maintain the 100k in taxable? For those that just want to leave 100k in the account, my concern for having a substantial portion in a volatile equity index fund is what about large drops. Perhaps the fact that you have near...
by isira
Sun Sep 29, 2019 10:28 am
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

Culbretd wrote:
Sun Sep 29, 2019 4:20 am
I’m not sure about world wide atm reimbursements but once you reach platinum honors BoA will reimburse atm fees for you for using other ATM’s.
Yes, forgot about that. BofA's fine print says fee reimbursement is only for ATM usage within U.S. and U.S. territories.
by isira
Sun Sep 29, 2019 1:57 am
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

Merrill is not good enough for me to use it as a one stop shop. I will only leave ~$100k in an ETF to take advantage of Platinum Honors status for BofA credit card bonuses and continue to use Schwab as my primary bank/brokerage. Here are some of the reasons: Schwab has unlimited worldwide ATM fee re...
by isira
Thu Sep 26, 2019 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Calling fellow schwabers [Where to park cash?]
Replies: 17
Views: 1729

Re: Calling fellow schwabers [Where to park cash?]

SNSXX is the safest Schwab money market fund as it invests in US Treasuries. As it is state tax exempt, your yield may be higher than SWVXX.
by isira
Thu Sep 12, 2019 3:03 pm
Forum: Personal Investments
Topic: New Merrill Edge cash solutions (possibly?)
Replies: 37
Views: 4539

Re: New Merrill Edge cash solutions (possibly?)

I am currently parking my cash in GOTXX until preferred rewards kicks in. It invests 100% in direct federal obligations so I can claim 100% California tax exemptions. All other funds appear to have a majority stake in repurchase agreements which aren't tax exempt. AFAIK, only BPTXX can be traded wit...
by isira
Fri Sep 06, 2019 4:45 pm
Forum: Personal Investments
Topic: MM funds at Merrill brokerage?
Replies: 3
Views: 420

Re: MM funds at Merrill brokerage?

I use GOTXX because 100% of the earnings are state tax exempt as they invest directly into Federal obligations. AFAIK, all other Treasury/Federal funds available in Merrill Edge invests >50% into repurchase agreements so I cannot claim tax exemption in California. I believe all money market funds ex...
by isira
Tue Jul 23, 2019 10:47 am
Forum: Personal Investments
Topic: Betterment Everyday Savings and Checking Launches - 2.69% interest, FDIC insured
Replies: 21
Views: 1682

Re: Betterment Everyday Savings and Checking Launches - 2.69% interest, FDIC insured

Great, this will atleast prevent Wealthfront from reducing interest in their cash accounts, even when most banks have lowered their interest rates. Competition is a great, great thing!! Wealthfront already explicitly wrote that they will only decrease their interest rate at the same rate as the Fed .
by isira
Sun Jul 21, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Banks for Higher Savings Rate
Replies: 9
Views: 775

Re: Switching Banks for Higher Savings Rate

It may be possible to keep everything at Schwab. Did you consider putting your funds in Schwab's US Treasury Money Fund ( SNSXX )? It has 1-business day liquidity, not subject to liquidity fees/redemption gates , is considered about as safe as FDIC insurance , and is state tax exempt . Personally, I...
by isira
Tue Jun 11, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Cash
Replies: 22
Views: 3472

Re: Personal Capital Cash

Does it make anyone else nervous that Wealthfront is not actually a bank, but rather shuttles your money into other FDIC institutions? Presumably they are losing money by paying the customer 2.51%, and then turning around and investing that money with another FDIC institution paying less. https://w...
by isira
Wed May 29, 2019 1:21 am
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 84
Views: 10818

Re: Wealthfront now offers 2.51% APY

I'm still lost why VMFXX has a higher tax-effective yield for you. VMFXX is taxed at both federal and state for California. Are you sure you're not thinking about VM S XX? https://thefinancebuff.com/which-vanguard-money-market-fund.html A portion of VMFXX is tax free in California because it meets ...
by isira
Sun May 12, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: Thinking of switching from Vanguard to Schwab Intelligent Portfolios
Replies: 28
Views: 3418

Re: Thinking of switching from Vanguard to Schwab Intelligent Portfolios

I like their fundamental ETFs and use them in my M1 pies. The TLH aspect(while using their fundamental funds) of their process is what seems attractive to me. I would be interested to see long term performance of Schwab vs Betterment smart beta. If TLH doesn't do much as someone mentioned before, t...
by isira
Tue Apr 30, 2019 10:59 am
Forum: Personal Investments
Topic: Getting out of Schwab Intelligent Portfolio
Replies: 11
Views: 1574

Re: Getting out of Schwab Intelligent Portfolio

Hey everyone! Back when I was first starting off investing I decided to go with the Schwab Intelligent Portfolio to auto-invest for me. After converting to Bogleheadism, I realize that this account is eating at my possible returns due to it's higher expense rate ETFs and ridiculous asset allocation...
by isira
Mon Apr 29, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: making the leap to online only banking-- updated reviews on Fidelity CMA or Schwab High Yield?
Replies: 25
Views: 2308

Re: making the leap to online only banking-- updated reviews on Fidelity CMA or Schwab High Yield?

Schwab has been our primary checking account for over a decade. Absolutely without a doubt an amazing experience. Free checking, ATM fees reimbursed, online interface solid and jam up customer service. Downside, low savings rate. Therefore, we keep our emergency fund and long term savings in Ally. ...
by isira
Sat Apr 27, 2019 4:59 pm
Forum: Personal Investments
Topic: Is the YouInvest account the ONLY no fee mutual fund brokerage?
Replies: 8
Views: 904

Re: Is the YouInvest account the ONLY no fee mutual fund brokerage?

No experience with this one, but Firstrade looks like it is the only commission-fee brokerage for stocks, exchange-traded funds (ETFs), options and mutual funds.
by isira
Tue Mar 19, 2019 1:24 am
Forum: Personal Investments
Topic: Fidelity - Screwups + Bad Customer Service
Replies: 19
Views: 2991

Re: Fidelity - Screwups + Bad Customer Service

I don't understand why Fidelity doesn't do penny deposits as a backup to link bank accounts like every other financial institution. It took them 3 weeks to add my accounts via EFT form. By then, I had lost interest with them and went with Schwab.
by isira
Mon Mar 11, 2019 12:28 am
Forum: Personal Investments
Topic: Robo advisors!
Replies: 38
Views: 3920

Re: Robo advisors!

My wife and I have been considering simplifying down to the Schwab Robo. Reasons we would opt for Schwab: 1. Not going to get sold. Can’t say the same for sure about Betterment and Wealthfront 2. Only Fidelity and Schwab could function as our bank too, meaning everything could be under one roof. 3....
by isira
Fri Dec 14, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: New PenFed 2% Savings Account
Replies: 13
Views: 1587

Re: New PenFed 2% Savings Account

b4nash wrote:
Thu Dec 13, 2018 9:42 pm
arcticpineapplecorp. wrote:
Thu Dec 13, 2018 9:35 pm
fyi, ally's 2% is on all savings tiers. So I don't believe there's a max with Ally to earn 2%.
Might as well open an Ally no-penalty CD at 2.25%.
I'd also consider Marcus. Their No-Penalty CD is also 2.25% but with a $500 minimum vs $25,000 with Ally.
by isira
Wed Dec 05, 2018 1:24 am
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 4627

Re: Schwab user. Where should I put my Emergency Fund?

If you want to keep everything at Schwab, one of the money market funds would be fine. SWVXX is currently 2.14%.