Search found 114 matches

by fwellimort
Sun Nov 10, 2019 12:56 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril
Replies: 32
Views: 1930

Re: Fidelity vs Vanguard vs Schwab vs TD vs Etrade vs Merril

If you do lots of foreign ATM transactions, then Schwab is the way to go. If you have platinum or platinum honors, then Merrill Edge is the way to go. Don't forget, your bank of america credit cards also get better with preferred status. If you have money to park somewhere or are investing in differ...
by fwellimort
Sun Nov 10, 2019 12:47 pm
Forum: Personal Investments
Topic: Money Market yields dropped a lot!
Replies: 7
Views: 2030

Re: Money Market yields dropped a lot!

The Federal Funds Rate has been lowering quite substantially recently. In the beginning of the year, we were at 2.4%. Currently, we are at 1.55%. https://www.macrotrends.net/2015/fed-funds-rate-historical-chart Because Federal Funds Rate has been getting lowered, money market / HYSA rates have also ...
by fwellimort
Sat Nov 09, 2019 3:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4141
Views: 796086

Re: What's Your Credit Card Rewards Strategy?

Bank of America Cashback Credit Card 1 (Mastercard): 5.25% Online shopping 3.5% groceries 0$ annual fee Bank of America Cashback Credit Card 2 (Visa): 5.25% Dining 3.5% groceries 0$ annual fee Bank of America Cashback Credit Card 3 (Visa): 5.25% Travel 3.5% groceries 0$ annual fee Fidelity cashback ...
by fwellimort
Sat Nov 09, 2019 3:29 am
Forum: Personal Investments
Topic: Fidelity vs Vanguard
Replies: 54
Views: 7431

Re: Fidelity vs Vanguard

Vanguard funds are "cheaper" on a taxable account unless you are opting for ETFs at Fidelity (you can buy Vanguard ETFs at Fidelity for no charge). I will say "objectively" overall, Fidelity does win out in all aspects outside money market and bond market funds. Sure Vanguard is more tax efficient b...
by fwellimort
Wed Nov 06, 2019 4:52 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2926

Re: Why ever buy & hold a LT treasury?

OP mentioned a single LT Treasury (and holding to maturity). Not a LT Treasury fund. Those two are very different. If you are planning to buy and hold treasuries to maturity, you might as well purchase EE Bonds. Why buy and hold LT Treasuries to maturity (especially not LT Treasury funds) at today's...
by fwellimort
Wed Nov 06, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2926

Re: Why ever buy & hold a LT treasury?

No. I don't believe I can time the market. However, I do know believing in long term treasuries with low interest rates mean one of two things : 1. Negative interest rates. Very much a speculation/gamble in itself. Also, if this becomes the case, I have no thoughts investing in bonds and would rathe...
by fwellimort
Wed Nov 06, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2926

Re: Why ever buy & hold a LT treasury?

Outside rebalancing, I too fail to see the purpose of long term treasuries. You have to be a real bear market believer to believe long term treasuries are worth it (30 years mind you). Treasuries today aren't yield 6, 9, 12 ,15%. It barely beats inflation (might even underperform long term). Promine...
by fwellimort
Tue Nov 05, 2019 3:41 am
Forum: Investing - Theory, News & General
Topic: Dividend investing vs. index investing
Replies: 30
Views: 2189

Re: Dividend investing vs. index investing

If I knew the future, I would tell you but I don't so that's my response. Like most people here, I say : No one really knows. Also, ignore a lot of videos related to finance and all. It might be possible dividend investing might just be much better on tax advantaged accounts. Who knows. There are in...
by fwellimort
Wed Oct 30, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4133

Re: California Fires: Landlord/Tenant Question

Like the other Bogleheader replied, it seems this forum has mostly home owners who care more about profit than anything else. I could see that if this becomes a recurring theme, then homeowners will have to take responsibility by having their own generators/solar panels to make the home hospitable. ...
by fwellimort
Mon Oct 28, 2019 8:52 pm
Forum: Personal Consumer Issues
Topic: New Computer with or without SSD?
Replies: 78
Views: 4314

Re: New Computer with or without SSD?

Get the SSD. There is a noticeable time difference especially with the average SSDs over the average HDD. And the pricing of SSD (if bought separately) isn't even that expensive anymore. You can get high quality 500 GB SSDs for $75 off Amazon. And $110 for 1 TB SSds off Amazon. (if you plan on upgra...
by fwellimort
Mon Oct 28, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5196

Re: Who does your tax returns?

Taxact or whatever is free at that moment. Filing taxes aren't even that hard. Takes less than a day to learn first time and afterwards, each tax filing can be done in minutes or at worst, under an hour or two. Why pay a professional for something you can easily do yourself. I ain't throwing away mo...
by fwellimort
Thu Oct 24, 2019 11:39 am
Forum: Personal Investments
Topic: Fido Customer - Fidelity Total Market vs Vanguard Total Market
Replies: 28
Views: 1790

Re: Fido Customer - Fidelity Total Market vs Vanguard Total Market

Clone it in Google Drive and use Google Spreadsheets (it uses Google's finance API so downloading it locally won't help). Update Federal and QDI to the tax bracket. Didn't really have time to change the numbers so I might be off. Scroll down to FSTVX and change that to FSKAX. Expense ratio should be...
by fwellimort
Thu Oct 24, 2019 11:15 am
Forum: Personal Investments
Topic: Fido Customer - Fidelity Total Market vs Vanguard Total Market
Replies: 28
Views: 1790

Re: Fido Customer - Fidelity Total Market vs Vanguard Total Market

For taxable on Fidelity, why not ITOT? Other than that, ETFs tend to be more tax efficient than mutual funds (exception being Vanguard mutual funds due to patent). That said, don't fret too much. All these choices have ridiculously low fees so you aren't losing in much. Go download yourself a copy o...
by fwellimort
Wed Oct 23, 2019 2:48 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 4769

Re: Emergency Fund - why not VTSAX?

What kind of "stable stock market" drops 85% in value and has a recession almost every 10 years. And last time we had a recession, didn't the 'stable stock market' drop over half? Professionals aren't fools. There's a reason the bond market is larger than the stock market. Plenty of equity indexes o...
by fwellimort
Tue Oct 22, 2019 10:04 am
Forum: Personal Investments
Topic: Wife 401k - Total World or mix of Fidelity Funds?
Replies: 6
Views: 570

Re: Wife 401k - Total World or mix of Fidelity Funds?

Personally prefer Vanguard Total World Index. Very simple and no need for headaches trying to figure out how much % in international and all. Up to you really cause you can always rebalance your 401k with different funds anyway. And I don't think either Option 1 or 2 will make much of a difference. ...
by fwellimort
Sat Oct 19, 2019 11:30 pm
Forum: Personal Consumer Issues
Topic: SAT/ACT prep courses worth the money?
Replies: 47
Views: 3125

Re: SAT/ACT prep courses worth the money?

I mean look at how the answers are written on the practice tests (found a random picture on the web) https://blog.prepscholar.com/hs-fs/hubfs/actprepguidemathexplanation.jpg?width=600&height=474&name=actprepguidemathexplanation.jpg No tutor has the time to actually say that much per question. There'...
by fwellimort
Sat Oct 19, 2019 11:09 pm
Forum: Personal Consumer Issues
Topic: SAT/ACT prep courses worth the money?
Replies: 47
Views: 3125

Re: SAT/ACT prep courses worth the money?

I've taken both SAT/ACT for college [to get into Columbia Univ] in the past so I'll talk from my personal experience. SAT 2: Math 2C, Bio E, Bio M, Chem, Physics SAT: 2360/2400 ACT: 36/36 I recall when I took the SAT, most of the time was spent memorizing vocabulary terms. Seemingly worthless words ...
by fwellimort
Thu Oct 17, 2019 2:39 am
Forum: Investing - Theory, News & General
Topic: Isn't lack of transparency in China a huge risk for international stock index?
Replies: 132
Views: 11951

Re: Isn't lack of transparency in China a huge risk for international stock index?

There is nothing we can do as investors if Xi decides tomorrow that domestic stocks are only valid for its citizens. Different country, different laws. Ya, there are huge risks of investing in the international market. The reason we diversify at end of day is because no one really knows the future. ...
by fwellimort
Thu Oct 17, 2019 1:04 am
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15204

Re: Bank of America declares 'the end of the 60-40' standard portfolio

What is this credit card called? After some googling I can;t find any mention of it anywhere. https://www.bankofamerica.com/preferred-rewards/ 75% reward bonus on credit card on Bank of America generic cash back credit card for those with assets avging $100k or more within 3 months (you can move yo...
by fwellimort
Tue Oct 15, 2019 8:55 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15204

Re: Bank of America declares 'the end of the 60-40' standard portfolio

Shilling by BofA. I generally dislike them. High fees, pushy products. Despite their relevance, I don't consider them relevant in terms of a Boglehead. If you have over $100k in assets and you move those assets to Merrill Lynch, you get access to 5.25% cashback credit card with no annual fee. Plus,...
by fwellimort
Fri Oct 11, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7698

Re: Vanguard keeps pushing their financial advisors...why?

I'll just add to this. College Board is a non-profit organization. And we all know it's very "profitable". I don't understand all this magical talk about "for the shareholders" or "non-profit organization". There's so many non-profit organizations out there that I deem quite questionable. Why should...
by fwellimort
Fri Oct 11, 2019 1:31 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying PG&E stock?
Replies: 60
Views: 5271

Re: Anyone buying PG&E stock?

This forum is a cult for indexing. Hence "Bogle" "heads". No one here knows. It could be PG&E is some of the greatest bets of 2019. It could be.. not. That's the stuff r/wallstreetbets plays with. If you feel you are the chosen one, go ahead. Otherwise, I can assure you most veterans here gave up si...
by fwellimort
Fri Oct 11, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 93
Views: 7698

Re: Vanguard keeps pushing their financial advisors...why?

Cause money. Duhh. With all the fees approaching and/or becoming zero, the margin for profit is so low. Vanguard already heavily underpays its workers in my field (software engineering). It can't really sustain itself if it has to keep cutting costs. Plus, I'm sure the CEO would want some extra $. D...
by fwellimort
Thu Oct 10, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3496

Re: Need help !!! US or Canadian universities?

Disagree with that poster that no one pays sticker price at the top elite universities. The Common Data Sets for Harvard and Yale, as an example, reveal that approximately. 40% of families at those school gets neither need based nor merit aid. Yes. Many parents pay the sticker price. But I guess I ...
by fwellimort
Thu Oct 10, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3496

Re: Need help !!! US or Canadian universities?

I also want to point out: I ate generally 1 meal a day during most of college sometimes none. And I wasn't the only one. If your parents are dedicating so much to the cost of college itself, that's what happens behind the scenes. Sure, you might never notice but your child might have to go a through...
by fwellimort
Thu Oct 10, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3496

Re: Need help !!! US or Canadian universities?

If given the choice 15 years from now would your son choose a state university degree and financially independent parents or an ivy league degree and supporting his parents in their "retirement"? Even better: If given the choice 15 years form now would your son choose a state university and be a ma...
by fwellimort
Thu Oct 10, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3496

Re: Need help !!! US or Canadian universities?

Attended Columbia. Total cost with "engineering fee", "mandatory first year fee", "mandatory fourth year fee", "mandatory lab fee", etc is almost a third of a million dollars before financial aid. Have peers with 100~200+k student loan for an undergrad degree while I also have peers that legitimatel...
by fwellimort
Fri Sep 27, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24917

Re: IT compensation comparison

Also, IT is not software engineering. Please stop confusing the two. This is like saying a mechanical engineer at BMW who creates cars (including the engines, etc.) has the exact same skill as your local car mechanic. It's just a different profession. Your local smartphone repair shop won't have the...
by fwellimort
Fri Sep 27, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24917

Re: IT compensation comparison

The 188k number includes all employees, not just engineers. If we assume engineers are in the top half of staff then 188k is indeed going to the jr devs. That cannot be right because it is contradictory to market pay in the area. If junior devs are earning 188k, then everyone would be applying to W...
by fwellimort
Fri Sep 27, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24917

Re: IT compensation comparison

The vast majority of *junior* (0~3 YOE) is around 110~150k TC. Once you add out senior engineers, associate directors, directors, techleads, architects, etc., then 188k overall makes more sense (quite surprised it is this low though). It's really hard to say anything honestly as the salaries in Bay ...
by fwellimort
Fri Sep 27, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24917

Re: IT compensation comparison

To the OP. Yes, some engineers in Silicon Valley/Seattle do earn that much. In fact, new grads at "top tech companies" in Silicon Valley earn far more with some companies such as Lyft offering $240~270k TC out of college. But these are not the norm. I could claim "any business major can earn $350~45...
by fwellimort
Mon Sep 02, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: Fidelity: When Zero does not mean free
Replies: 108
Views: 11380

Re: Fidelity: When Zero does not mean free

Sometimes, I feel like this forum has this mindset of "if it ain't Vanguard, it's a sham". While I can't remark much about Fidelity Zero funds, from what I have noticed, a lot of people who make an account with Fidelity for the Zero funds (including I to a certain degree) end up purchasing single st...
by fwellimort
Sat Aug 10, 2019 12:28 am
Forum: Investing - Theory, News & General
Topic: FA's outperforming market, need stats
Replies: 6
Views: 755

Re: FA's outperforming market, need stats

Is there any sort of stats on average financial advisor performance? Not just actively managed mutual fund performance? It's almost a given a financial advisor that charges a fee will then put a client into an array of actively managed mutual fund that also have high expense ratios and sales loads....
by fwellimort
Fri Aug 09, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: FA's outperforming market, need stats
Replies: 6
Views: 755

Re: FA's outperforming market, need stats

Google: SPIVA or better yet, google "us spiva report 11 march 2019 filetype:pdf" https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.spglobal.com/_assets/documents/corporate/us-spiva-report-11-march-2019.pdf&ved=2ahUKEwim34rS0_bjAhVhUN8KHWbOBs0QFjAAegQIARAB&usg=AOvVaw3G5s4k1Xkerky0k4Vcy...
by fwellimort
Wed Jul 31, 2019 2:58 am
Forum: Personal Finance (Not Investing)
Topic: Bloomberg: Forget Tech, Medicine Still Pays More
Replies: 124
Views: 9783

Re: Bloomberg: Forget Tech, Medicine Still Pays More

A relative is seeking some career advice for her college bound son. She wants him to become a doctor, but he prefers an easier path to make money, and is considering going into coding/software instead. He hopes to work for a FAANGM, enticed by the massive comp packages for new graduates. Both profe...
by fwellimort
Thu Jul 25, 2019 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer service declining?
Replies: 17
Views: 2180

Re: Fidelity customer service declining?

It's probably due to the industry itself struggling to profit. Everyone is flocking more and more to "low cost index funds". Fidelity is even having loss leaders like zero index funds now. All that loss (Fidelity used to be "the brokerage for some of the best actively managed funds") in profit and t...
by fwellimort
Sun May 19, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Guidance to Parents With Kids Majoring Computer Science
Replies: 25
Views: 2757

Re: Guidance to Parents With Kids Majoring Computer Science

The reason I made this thread was because of: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=281289 From what I noticed, some BHs seemed to be confusing Computer Engineering with Computer Science. Hence, I wanted to inform those types of parents about Computer Science (and what the student sh...
by fwellimort
Sun May 19, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Guidance to Parents With Kids Majoring Computer Science
Replies: 25
Views: 2757

Re: Guidance to Parents With Kids Majoring Computer Science

In what world do companies hire graduates who did what they did because their parents "had them" do it, rather than because the graduates made those choices themselves? Maybe this is good advice to CS students, maybe not. But their parents have better things to do than micromanage their education a...
by fwellimort
Sun May 19, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: Guidance to Parents With Kids Majoring Computer Science
Replies: 25
Views: 2757

Guidance to Parents With Kids Majoring Computer Science

Investments are not just stocks and bonds. I believe proper guidance (and planning ahead of time) is also an investment in itself. Sometimes with a phenomenal return on investment. I write this as a recent graduate in Computer Science from Columbia Univ in City of NY. I have a minor in Applied Math,...
by fwellimort
Sun May 19, 2019 12:12 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6166

Re: Guidance on choosing between UMich and Brown

In terms of CS careers it's very much about coding ability in the interview and less about the university name. It does likely help with getting the interview in the first place. I have a bit of gripe with this (unnecessary but I feel the need to correct it). Getting a job after majoring in CS is q...
by fwellimort
Sat May 18, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6166

Re: Guidance on choosing between UMich and Brown

But if you look at real data (US News Salary information for graduates) Computer Engineering majors average $80,600 at UM and $78,500 at Brown. (No info available for CIS at Brown, so I couldn't compare that.) As someone who majored in Computer Science and is working as a software developer. Here's...
by fwellimort
Sat May 18, 2019 10:35 pm
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 6166

Re: Guidance on choosing between UMich and Brown

Ivy League degree for only a $20k difference? Brown it is. It's not even a fair comparison in undergrad. The only ones that won't admit such are UMich grads. Take Brown and run. +1. I had never heard of Brown as outstanding in computer science. Brown is looked highly in the industry for computer sci...
by fwellimort
Thu May 09, 2019 9:06 am
Forum: Personal Investments
Topic: tech funds
Replies: 30
Views: 3664

Re: tech funds

Go open an m1finance account then and buy the stocks yourself.
They allow fractional shares. Go pick your "stocks" for tech then.

Who knows. (shrugs)
by fwellimort
Wed Apr 24, 2019 7:25 am
Forum: Personal Consumer Issues
Topic: Nonfinancial value of state university vs private college (USC)?
Replies: 64
Views: 3453

Re: Nonfinancial value of state university vs private college (USC)?

TL;DR Your state flagship is a great school and the private college isn't worth the cost. It's an undergrad degree. I rather have extra cash in my pockets than not. The ROI is better and your child will probably have a better experience in the state flagship. Attended a USNews undergrad "top 3" scho...
by fwellimort
Thu Apr 18, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Consensus on I Bonds for 2019?
Replies: 67
Views: 13232

Re: Consensus on I Bonds for 2019?

Is the preference for I bonds over EE bonds largely a result of the illiquidity of the EE bonds? Right now the I bonds pays about 2.8% interest but you have to hold it for 5 years without incurring a penalty. The EE bonds' interest rate is higher albeit you have to hold it for 20 years. If I'm hold...
by fwellimort
Thu Apr 18, 2019 5:31 pm
Forum: Investing - Theory, News & General
Topic: Consensus on I Bonds for 2019?
Replies: 67
Views: 13232

Re: Consensus on I Bonds for 2019?

I had planned to hold off on buying I Bonds, but now I'm rethinking that. Between the Fed's decision to pause interest rate hikes and the inflation rate falling to near zero for the past few months, it seems unlikely the fixed rate will rise in May, and it might even drop. It's currently 0.5%, the ...
by fwellimort
Wed Apr 17, 2019 4:58 pm
Forum: Personal Investments
Topic: Buying VTI or VTSMX for retirement in fidelity brokerage
Replies: 8
Views: 1018

Re: Buying VTI or VTSMX for retirement in fidelity brokerage

I mean $30 is still $30 ($15 buy, $15 sell). I rather spend that money and buy myself a nice lunch instead. But up to OP. Opening a Vanguard account takes a few minutes and there's no real reason why OP should prefer Vanguard funds in Fidelity over Fidelity funds when both do the same job. Instant $...
by fwellimort
Wed Apr 17, 2019 4:51 pm
Forum: Personal Investments
Topic: Buying VTI or VTSMX for retirement in fidelity brokerage
Replies: 8
Views: 1018

Re: Buying VTI or VTSMX for retirement in fidelity brokerage

1. ETF tends to be a hair more tax efficient than mutual funds. The exception however is Vanguard funds which is just as tax efficient as its ETF (due to patent). 2. Fidelity charges $4.95 when purchasing Vanguard ETF and $4.95 when selling Vanguard ETF. In Fidelity, you purchase Fidelity funds. In ...
by fwellimort
Sun Apr 14, 2019 11:22 pm
Forum: Personal Investments
Topic: 90% turnover in an Ex-US equity index fund?
Replies: 1
Views: 327

Re: 90% turnover in an Ex-US equity index fund?

I think turnover only matters in non tax-advantaged accounts. Turnovers are an issue due to tax triggers. In a 401(k), that doesn't happen. And the turnover is probably high because people as an aggregate sum are like sheeps. They join when the market is high. They leave when the market is low. Pers...
by fwellimort
Sun Apr 14, 2019 10:48 pm
Forum: Personal Consumer Issues
Topic: Worry free antivirus for my parent's computer
Replies: 18
Views: 1193

Re: Worry free antivirus for my parent's computer

1. Get an adblocker like UBlock Origin on your browser. Adblock Plus gets sponsored by some ads so it tends to show more ads than UBlock Origin. 2. Today's Windows 10 machines has Windows Defender on by default (and constantly automatically updated). It works great. Like.. really great. I haven't ha...