Search found 65 matches

by Workable Goblin
Thu Nov 14, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: B&H Photo will pay your sales tax [payboo]
Replies: 25
Views: 3126

Re: B&H Photo will pay your sales tax [payboo]

Rob5TCP wrote:
Wed May 08, 2019 9:30 am
AMX has a blue card, which though $95 per year gives 6% back on all grocery purchases. Not sure where AMX makes there money here either.
Merchant fees and interest on balances, especially merchant fees. There's a reason why Amex is famous for not being accepted at as many places as other cards.
by Workable Goblin
Tue Nov 12, 2019 6:15 pm
Forum: Personal Consumer Issues
Topic: How does receiving ACA subsidies work?
Replies: 5
Views: 404

Re: How does receiving ACA subsidies work?

One final word...what you're getting is an "advance premium tax credit". The actual credit will be determined when you file your 2020 taxes in early 2021. If you're still under the 400% Poverty level, they will adjust it to what it would have been had you input the correct income at the start. If, ...
by Workable Goblin
Sun Nov 10, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 36
Views: 1881

Re: Tax Deferred : Taxable : Tax Free

0:66:33 I've never actually had the opportunity to contribute to a tax-deferred account other than a traditional IRA, except rather briefly while I was a graduate student (after a month or so they essentially told me, "Actually, you're not an employee" and didn't let me contribute any more; and in a...
by Workable Goblin
Sun Nov 10, 2019 2:10 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 20817

Re: Holding bonds vs 100% equities

And if you go look at the actual $ balances between the two portfolios.... you'll see the nominal dollar difference is so small it's basically immaterial for the first decade with the young person starting at $0 and saving monthly. Being 70/30 in 2008 might have given you an extra few thousand doll...
by Workable Goblin
Sat Nov 09, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America no local branch?
Replies: 14
Views: 733

Re: Bank of America no local branch?

I am under the impression that there is a maximum size of check that can be deposited via cellphone or tablet app. There is, but depending on your bank and your history with them it can be pretty large. My bank, for instance, allows me to deposit up to $25 000 from a single check in a single day by...
by Workable Goblin
Sat Nov 09, 2019 4:16 pm
Forum: Personal Consumer Issues
Topic: Best secure email to use instead of gmail?
Replies: 70
Views: 9640

Re: Best secure email to use instead of gmail?

If the bank account password was compromised you can't trust your OTP code either. Storing them together in 1Password does not help in this scenario. It depends on how the bank account password was compromised. If it was compromised because, say, the bank stored it in plaintext or a weak hash, then...
by Workable Goblin
Fri Nov 08, 2019 2:56 pm
Forum: Personal Investments
Topic: Suggestions for cash or cash equivalent positions?
Replies: 21
Views: 1274

Re: Suggestions for cash or cash equivalent positions?

Hi BHs, Can anyone suggest best places to park $20-30k "cash" for an emergency fund? My wife and I have been sitting on this much in a Schwab savings account, which earns essentially nothing (0.23%), and I think we could but have no experience doing better in other vehicles, CDs, etc. It's actually...
by Workable Goblin
Thu Nov 07, 2019 3:54 pm
Forum: Personal Investments
Topic: MMA or Savings or Cash Management
Replies: 21
Views: 1292

Re: MMA or Savings or Cash Management

I'm used to brick-and-mortar institutions like banks; understand how they work and how they profit. Credit Unions, not so much (but that might be for lack of research.) Online banking, I understand better. Credit unions function exactly like banks, I mean exactly . You still deposit money with them...
by Workable Goblin
Wed Nov 06, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4550

Re: Best month to take RMDs?

Forgetting capital appreciation for simplification, say your RMD is earning x% in dividends. If you take the RMD in January then most of the dividends will be taxed. If you delay the RMD until end of year, most dividends remain tax deferred. Assuming that your funds don't pay out most of their divi...
by Workable Goblin
Wed Nov 06, 2019 1:50 pm
Forum: Personal Consumer Issues
Topic: Spectrum Internet has a good scam going
Replies: 59
Views: 6898

Re: Spectrum Internet has a good scam going

Not being able to surf Reddit, check e-mail, or play an online game is not a big deal. I'm in the middle of starting a new job, and literally all of my communications with my employers have been via email. Additionally, since this is a cleared federal contractor position I needed to access governme...
by Workable Goblin
Tue Nov 05, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: Are Monopolies efficient?
Replies: 10
Views: 465

Re: Are Monopolies efficient?

Maybe - I will point to AT&T as a counter example. They had a natural monopoly, so no competition to run out. Not exactly. Bell went to a lot of trouble to get rid of competing phone companies after the Bell patent ran out and they no longer had a true monopoly. Mostly this was just through mergers...
by Workable Goblin
Wed Oct 30, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10578

Re: Apple Pay. Does anyone use it?

You can enter several cards, but Apple seems to make it hard to tell them apart when all are Visa cards. Seems is the word...my Visa (debit) cards are all differentiated in Apple Pay--the graphics look exactly like the real card, with the obvious difference of not showing the card number, name, etc...
by Workable Goblin
Mon Oct 28, 2019 5:57 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?

Call Schwab and ask them to set the Point of Sale (POS) limit to $0.01. This will turn your debit card into an ATM-only card. I know of no other bank that will do this for you. Bank of Hawaii lets you do it to their debit card, in their app even. I actually got myself into trouble a while back that...
by Workable Goblin
Mon Oct 28, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5170

Re: Who does your tax returns?

I've always used software, but since I had to file estimated taxes last year (and this year, but obviously I haven't done my 2019 tax return yet...) I also had to do a lot of work by hand, and ultimately ended up doing a hand return to double-check the software. It was very educational, so I now pla...
by Workable Goblin
Sun Oct 27, 2019 8:21 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3216

Re: Best Single Entity for Investments + Cash + Banking

isira wrote:
Sat Oct 26, 2019 10:13 pm
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.
And, of course, I don't have $100k lying around...bleh. Guess I'll stick with Schwab, then.
by Workable Goblin
Sun Oct 27, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1202
Views: 147525

Re: Fidelity as a one stop shop

Thinks for the feedback. Coming from Schwab, I'm guessing you didn't find any similar options with them? I saw there was a "cash management" option at Schwab mentioned in the Fidelity one stop shop wiki article but I'm guessing their brokerage and checking accounts can't be linked for overdraft pro...
by Workable Goblin
Sat Oct 26, 2019 11:58 am
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3216

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 Workable Goblin
Sat Oct 26, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: First Republic Bank doesn’t have physical coins
Replies: 76
Views: 4866

Re: First Republic Bank doesn’t have physical coins

Huh? I have used mass transit to get around NYC (subways/buses), San Francisco (Bart), London and Paris (underground). Not sure your definition of "relatively poor" but I would not put that label on myself; maybe relative to the 1% I would be. The following link has photos of celebrities riding the...
by Workable Goblin
Fri Oct 25, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: First Republic Bank doesn’t have physical coins
Replies: 76
Views: 4866

Re: First Republic Bank doesn’t have physical coins

The views of this forum tend to be skewed towards more affluent individuals and while I do agree with you that coins and small bills are a nuisance, they are still "necessary" for some people. The first two examples that came to mind: 1) Metered parking 2) Coin operated laundry machines Both of the...
by Workable Goblin
Wed Oct 23, 2019 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for 2 mil+ in annual spending?
Replies: 60
Views: 6433

Re: Best credit card for 2 mil+ in annual spending?

Alternative 2% cards - Schwab and Fidelity link directly to cash mgmt accounts (ie checking sorta), and can link directly to investments. Both of their debit cards offer ATM fee refunds. I feel like I have to point out that Schwab's basic card is only 1.5% cash back, not 2%. Kinda lousy these days....
by Workable Goblin
Fri Oct 18, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 9951

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

Incidentally, I happen to be one of those developers who use macOS, since the software chain I (was) developing for worked properly on Mac and Linux--and not Windows. The last time I was in the market for a new computer, Windows Subsystem for Linux didn't really exist yet, and I had enough experienc...
by Workable Goblin
Thu Oct 17, 2019 6:01 pm
Forum: Personal Investments
Topic: Mutual Fund VBS -> Schwab
Replies: 11
Views: 631

Re: Mutual Fund VBS -> Schwab

I transferred some T Rowe Price funds over to Schwab that had been accumulated since the 90's. It appears they tracked the separate lots (there are numerous small lots from reinvested dividends and such), however, the lots appear to have been grouped into two blocks each assigned a different averag...
by Workable Goblin
Thu Oct 17, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: Schwab to allow fractional stock trading (WSJ)
Replies: 37
Views: 4561

Re: Schwab to allow fractional stock trading (WSJ)

Now the sole benefit of the index fund (aside from convenience) is diversification, but how much benefit do you get once you get above X number of stocks? I wouldn't discount convenience--I think nisiprius showed in another thread that it would take a gargantuan number of trades to follow the S&P 5...
by Workable Goblin
Thu Oct 17, 2019 2:37 pm
Forum: Personal Investments
Topic: Target Date Fund Conundrum
Replies: 16
Views: 2419

Re: Target Date Fund Conundrum

How should I address this? Or does it even need to be addressed? As snailderby just said, you can buy shares of a target-date fund with a later target date, or shares of a fixed stock-bond allocation fund like the LifeStrategy funds. Alternatively, you could buy shares of a pure stock fund to boost...
by Workable Goblin
Mon Oct 14, 2019 1:25 am
Forum: Personal Investments
Topic: What’s the point of a taxable account?
Replies: 62
Views: 6788

Re: What’s the point of a taxable account?

Not everyone has access to 401k's. Unfortunately, the US tax system offers special treatment to individuals that work for some employers but not others. For those that happen to work at an employer that doesn't offer one, you can only contribute $6k per year to an IRA, which is very little. All the...
by Workable Goblin
Sun Oct 13, 2019 1:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard: the case for global equity investing
Replies: 160
Views: 12243

Re: Vanguard: the case for global equity investing

visualguy wrote:
Sun Oct 13, 2019 12:42 am
Even if the US stops being exceptional at some point, it doesn't follow that ex-US will outperform.
It doesn't, but the point was that "American exceptionalism" is not really something unique to America.
by Workable Goblin
Sat Oct 12, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: the case for global equity investing
Replies: 160
Views: 12243

Re: Vanguard: the case for global equity investing

I'm guessing Asia is now a large percentage of the International allocation. Well, you're guessing wrong, especially about China. Chinese stock markets make up only 3.4% of global stock market valuations ( source ), or about 7.3% of ex-U.S. stock market value. This, incidentally, is about the same ...
by Workable Goblin
Sat Oct 12, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: Artificial Intelligence and the stock market
Replies: 65
Views: 6542

Re: Artificial Intelligence and the stock market

Another way that separate neural networks can be "merged" is by having them vote or collaborate in some manner. Humans do stuff like that to combine their knowledge. Market pricing is a (possibly imperfect) mechanism that combines the knowledge and experience of many humans, and these days it proba...
by Workable Goblin
Sat Oct 12, 2019 1:12 am
Forum: Investing - Theory, News & General
Topic: 529 and FIRE
Replies: 29
Views: 3204

Re: 529 and FIRE

Depending on what you mean for financial aid this simply is not true. We are over that mark and my Son had received FAFSA every year. There is more to it then just the numbers. For that matter, I had a full-ride, all-expenses-paid (and I mean all expenses; I even got a book stipend, though it wasn'...
by Workable Goblin
Sat Oct 12, 2019 12:44 am
Forum: Investing - Theory, News & General
Topic: Artificial Intelligence and the stock market
Replies: 65
Views: 6542

Re: Artificial Intelligence and the stock market

As far as I know, self-driving cars don't have one big brain. Technology transfer of experience can he hard between our many individual human brains. Not sure how easy that is in artificial intelligence domains. In this case, it's pretty easy, relatively speaking (the operative term is "online lear...
by Workable Goblin
Thu Oct 10, 2019 9:22 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9491

Re: Do you carry your passport with you during international travel?

I've always carried it on me, but then nearly all of my international travel has been work-related trips to China (along with one work-related trip to London and one to Taipei), so perhaps that's influenced me.
by Workable Goblin
Wed Oct 09, 2019 4:57 pm
Forum: Investing - Theory, News & General
Topic: Only Good Argument Against Indexed Funds
Replies: 14
Views: 2936

Re: Only Good Argument Against Indexed Funds

Some wag has quipped that the plural of anecdote is not data. Some wag, indeed. But an anecdote is quite enough to prove that in some cases things turn out a certain way, which is all that's being looked for here. In some cases it is absolutely possible to see that management is making bad decision...
by Workable Goblin
Wed Oct 09, 2019 4:46 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 120333

Re: What frugal thing did you do today?

A bit of background for this one: last month I tried to switch from Spectrum to the local phone company for Internet service because the latter was offering an acceptable service at a considerably lower price than Spectrum (especially since my promotional charge was over). Unfortunately, I ran into ...
by Workable Goblin
Wed Oct 09, 2019 4:33 pm
Forum: Investing - Theory, News & General
Topic: Only Good Argument Against Indexed Funds
Replies: 14
Views: 2936

Re: Only Good Argument Against Indexed Funds

Poor management, good management, is it really that easy to tell? Is there an obvious metric that classifies poorly managed (or is that manged) from well managed companies? Well, the article itself points out some examples of, let us say, very obviously questionable management decisions, mostly tie...
by Workable Goblin
Tue Oct 08, 2019 2:00 pm
Forum: Investing - Theory, News & General
Topic: Fama French: momentum lacks theoretical motivation
Replies: 27
Views: 1975

Re: Fama French: momentum lacks theoretical motivation

Digestion: there are very real dangers of data mining when trying to model investments. With digestion, there are a lot more data and there's the opportunity to run controlled experiments. It's not really a fitting response. Perhaps, but that still doesn't mean that we should simply dismiss empiric...
by Workable Goblin
Tue Oct 08, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: Etrade for Roth IRA
Replies: 8
Views: 640

Re: Etrade for Roth IRA

I'm just wondering...any reason to open such a Roth IRA at Vanguard rather than E-Trade? No, not really. You already have no-transaction fee mutual fund trades and no-commission ETF trades, so what does having an account at Vanguard instead really get you? Nothing, as far as I can tell. I'm mostly ...
by Workable Goblin
Mon Oct 07, 2019 11:17 am
Forum: Personal Investments
Topic: TD or Schwab?
Replies: 19
Views: 1854

Re: TD or Schwab?

Exactly my thoughts. But if OP never travels outside the USA then this point is moot. Not really. It still works on domestic ATMs, after all, so it takes all of the guesswork and legwork out of finding fee-free ATMs to use. And there are places in the United States where [insert big bank here] does...
by Workable Goblin
Tue Oct 01, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges
Replies: 106
Views: 10086

Re: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges

That was my concern with Fidelity as well. Vanguard has virtually no offices, while Schwab and Fidelity keep a large number of offices and staff. I just looked and found 2 Schwab offices near me (with each having 3 vp/senior financial consultants -- salespeople?). I don't think their financial cons...
by Workable Goblin
Mon Sep 23, 2019 8:43 pm
Forum: Personal Consumer Issues
Topic: Apple iPhone iOS 13 Discussion
Replies: 77
Views: 8623

Re: Apple iPhone iOS 13 Discussion

Downloaded 13.0 when first available for iPhone 7+. Notes app on phone stopped syncing to iCloud. Scrolling is frequently jerky. :annoyed It is probably not actually true that the Notes app isn't syncing to iCloud, it's that it's syncing in an updated format that can't be read by iOS 12 devices or ...
by Workable Goblin
Wed Sep 18, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8721

Re: Long Term FAFSA/College Strategy

Spend all money not protected by retirement accounts. Seriously? At your income, you are not getting financial aid. Unless you quit working in the next few years. Not getting need-based financial aid, which is not quite the same thing. I had a full-ride, all-expenses paid merit-based scholarship (t...
by Workable Goblin
Fri Sep 13, 2019 8:45 pm
Forum: Investing - Theory, News & General
Topic: Benjamin Graham fans: what did "diversification" mean to Graham?
Replies: 33
Views: 2180

Re: Benjamin Graham fans: what did "diversification" mean to Graham?

After all, the main tool back then would have been Lotus 123 and lots of hand punching into computers. Not even that; Lotus 123 wasn't released until a decade after the last edition of The Intelligent Investor came out. At the time, doing a real statistical analysis of stock movements would have re...
by Workable Goblin
Fri Aug 30, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6292

Re: College age male: How much money for food?

Do you really expect your male college student to prepare dinners at home 6 out of 7 days/week??? When I was in college, I probably ate dinner at home 1-2 times/week at most. And when I did eat dinner at home, the most involved it got was a grilled cheese, frozen pizza or can of soup. Meanwhile...I...
by Workable Goblin
Fri Aug 30, 2019 1:53 pm
Forum: Personal Consumer Issues
Topic: What, besides dishes, do you run through your dishwasher?
Replies: 85
Views: 6522

Re: What, besides dishes, do you run through your dishwasher?

I'm guessing it is just me, but don't you have an issue with "cooking" food in place where another person just said they use to clean a hairbrush? I guess the theory is that after each use, it is in a "clean" condition but still that isn't happening in my house. The food is sealed inside a containe...
by Workable Goblin
Thu Aug 29, 2019 10:15 pm
Forum: Personal Consumer Issues
Topic: Is this the right way to unclog a sink?
Replies: 30
Views: 1925

Re: a better way

NaHCO3 + H2O2 works really well and is non-toxic. Pour into drain and come back in a few hours and run hot water. For the non chemist, how about spelling it out what those chemicals are? Short of a Fisher Scientific catalog, I doubt the Home Depot guy is going to understand when you walk in the sto...
by Workable Goblin
Thu Aug 15, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Brown Bag Lunch Ideas
Replies: 70
Views: 4841

Re: Brown Bag Lunch Ideas

1. Rice and beans, you can make a big batch one day that lasts most of the week, throw in some sliced peppers and it is basically a burrito bowl without the carbs. Add cheese / salsa if desired. It's worth pointing out that there are, roughly speaking, about five hundred billion variations on rice ...
by Workable Goblin
Fri Aug 09, 2019 11:39 pm
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 11812

Re: 100% in VTSAX - Is it crazy???

But what about international equities? I’ve never heard that they were in a bear market for an extended period of time. The graph doesn’t show some extended bear market. In fact the movements of both US and international have vaguely the same shapes/movements. So why the slower growth in internatio...
by Workable Goblin
Wed Jun 26, 2019 12:18 am
Forum: Personal Investments
Topic: Is .7 too high of an admin fee in a 457b?
Replies: 20
Views: 1313

Re: Is .7 too high of an admin fee in a 457b?

Option 3: 457b CD at 5 years 2.75%, no ER (but no rebalancing, and AA calls for Treasuries and Tips.) Considering that the current yield on five-year Treasuries is 2.25% and the CD is (probably) backed up by the FDIC, it seems reasonably equivalent to a nominal Treasury for the purposes of Asset Al...
by Workable Goblin
Sat Jun 15, 2019 7:54 pm
Forum: Personal Consumer Issues
Topic: Durable non-stick cookware suggestions?
Replies: 30
Views: 2958

Re: Durable non-stick cookware suggestions?

I have heard that you can use cast iron on a glass top range but I would be real cautious about doing that. Yes, that's why I didn't get cast iron cookware when I was replacing a bunch of old cheap "non-stick" junk. I didn't get non-stick cookware either, and what I can report from the experience o...
by Workable Goblin
Wed Jun 12, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Careers that combine art/design and science?
Replies: 36
Views: 1752

Re: Careers that combine art/design and science?

One problem you will have is that most colleges don't have a lot going on in the summer so there is risk that you will mainly be walking around a campus looking at locked up buildings. That's kind of the opposite of my experience, although that is admittedly colored by having been a grad student an...
by Workable Goblin
Wed Jun 12, 2019 2:16 pm
Forum: Personal Consumer Issues
Topic: What flagship (even used) item is better than a budget new item?
Replies: 131
Views: 8521

Re: What flagship (even used) item is better than a budget new item?

I don't know about used vs. new, but I will almost always pay more for quality. I subscribe to "Boots Theory" where it is actually cheaper to invest in quality: It's cheaper, I think, only if you're really going to use the quality item all that much. If, for example, you have toast every morning, t...