Search found 445 matches

by softwaregeek
Sat Aug 15, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Nobody home at BofA?
Replies: 23
Views: 1194

Re: Nobody home at BofA?

BofA service sucks compared to other banks (even comparable banks like Chase). Par for the course. I have a dedicated rep now but any problems I have seem to be out if her ability to help. I use them for warehousing my investments, mortgage and credit card but keep checking and transactions elsewhe...
by softwaregeek
Sat Aug 15, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: What is the big deal with RobinHood accounts???
Replies: 66
Views: 6014

Re: What is the big deal with RobinHood accounts???

One of my junior employees was day trading on robin hood. It was a game to her. I asked her if she had made more than the market and she just shrugged. It definitely apppeals to the tinder crowd and for most of them it is a casino.
by softwaregeek
Sat Aug 15, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Nobody home at BofA?
Replies: 23
Views: 1194

Re: Nobody home at BofA?

BofA service sucks compared to other banks (even comparable banks like Chase). Par for the course. I have a dedicated rep now but any problems I have seem to be out if her ability to help. I use them for warehousing my investments, mortgage and credit card but keep checking and transactions elsewher...
by softwaregeek
Tue Aug 11, 2020 3:04 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

And I should add, transferring bitcoin betwee accounts is usually as easy as scanning a QR code.
by softwaregeek
Tue Aug 11, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

No, app is for managing the account. But you don't need it for purchases, anymore than you need the chase app to make a debit card purchase from a Chase account.
by softwaregeek
Tue Aug 11, 2020 1:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

I would really like an update on whatever happened to SPEDN and Flexa. 5/13/2019: Customers Can Spend Bitcoin At Starbucks, Nordstrom And Whole Foods, Whether They Like It Or Not The boldfacing is mine: Cameron orders the small cold-brew coffee he’d been craving and takes out his phone. He brings u...
by softwaregeek
Tue Aug 11, 2020 1:36 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

...SPEDN and Flexa lost out in the market to Bitpay, which is still very much alive and well, and growing rapidly... Connect the dots for me. Before the pandemic I noted that the Coinstar machine in the local supermarket has a placard on it saying "Buy bitcoin here." This isn't my own picture but I...
by softwaregeek
Mon Aug 10, 2020 2:36 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

Right now we see bitcoin (in the developed world) as 'digital gold' in that there is a desire for a non-correlated asset class. But in the developing world, people see it as a way both to move funds and to avoid shaky local financial systems. I have two contractors in countries with significant inf...
by softwaregeek
Mon Aug 10, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

HomerJ wrote:
Mon Aug 10, 2020 2:16 pm
softwaregeek wrote:
Mon Aug 10, 2020 1:30 pm
I spoke with a Bitpay rep two weeks ago and they are a rocketship.
Oh a Bitpay rep said the company is doing well? :D

You got any other data points?

I don't think I've ever met a vendor or a company rep that told me their company was sinking fast.
They are definitely hiring.
by softwaregeek
Mon Aug 10, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

I would really like an update on whatever happened to SPEDN and Flexa. 5/13/2019: Customers Can Spend Bitcoin At Starbucks, Nordstrom And Whole Foods, Whether They Like It Or Not The boldfacing is mine: Cameron orders the small cold-brew coffee he’d been craving and takes out his phone. He brings u...
by softwaregeek
Sun Aug 09, 2020 10:38 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

Right now we see bitcoin (in the developed world) as 'digital gold' in that there is a desire for a non-correlated asset class. But in the developing world, people see it as a way both to move funds and to avoid shaky local financial systems. I have two contractors in countries with significant inf...
by softwaregeek
Sun Aug 09, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

Right now we see bitcoin (in the developed world) as 'digital gold' in that there is a desire for a non-correlated asset class. But in the developing world, people see it as a way both to move funds and to avoid shaky local financial systems. I have two contractors in countries with significant infl...
by softwaregeek
Sun Aug 09, 2020 12:47 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

We see about 3 million transactions per day in BTC, 5M across the crypto world. Transaction average size is much larger than Visa. But remember, many transactions within an exchange never hit the blockchain. Many exchanges (like wall street trading houses) match the market within the exchange so it...
by softwaregeek
Sun Aug 09, 2020 11:10 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

We see about 3 million transactions per day in BTC, 5M across the crypto world. Transaction average size is much larger than Visa. But remember, many transactions within an exchange never hit the blockchain. Many exchanges (like wall street trading houses) match the market within the exchange so it ...
by softwaregeek
Sat Aug 08, 2020 10:16 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 16969

Re: Paul Tudor: Compelling case for bitcoin ?

Bitcoin itself clearly has had value as a currency and exchange of value. It has been used for many years on the dark web and more recently to exchange value when sending money to developing nations. It's well beyond the proof of concept stage. It's also entirely possible that it will fall to nearl...
by softwaregeek
Tue Aug 04, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Only Non Recourse Mortgage
Replies: 10
Views: 846

Re: Interest Only Non Recourse Mortgage

That being said, interest only mortgages are surprisingly cheap now. Even if you do need a down payment.

The traditional mortgage at under 3% tax deductible with 20% down is incredibly cheap and couldn’t exist without government guarantees.
by softwaregeek
Tue Aug 04, 2020 8:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard "sunsetting" CFP consultations
Replies: 137
Views: 11286

Re: Vanguard "sunsetting" CFP consultations

I would imagine those CFP were pretty expensive. And every meeting requires preparation, so probably a couple of hours to prepare polus a one hour meeting. So three or four hours per customer. That's expensive. Service is terrible everywhere now. Thankfully, all of the large discount brokers have tr...
by softwaregeek
Sun Aug 02, 2020 10:22 pm
Forum: Personal Consumer Issues
Topic: Best Home Blood-Pressure Monitor for Accuracy?
Replies: 19
Views: 2208

Re: Best Home Blood-Pressure Monitor for Accuracy?

I use a model by Nokia. It uses an app to automatically record. It’s just ok. I have another scale by same mfr, wit hints/Nokia that’s great at tracking via Bluetooth so I stayed with the brand.
by softwaregeek
Thu Jul 30, 2020 12:58 am
Forum: Personal Consumer Issues
Topic: Central AC replacement decision
Replies: 66
Views: 8355

Re: Central AC replacement decision

I had a Lennox seer 16 filter put in. Only regret was not getting the ultraviolet light that kills germs. It was 600 for the filter install, filter is about five inches thick.
by softwaregeek
Thu Jul 30, 2020 12:52 am
Forum: Non-US Investing
Topic: Bitcoin Exchange Traded Crypto (BTCE)
Replies: 19
Views: 1394

Re: Bitcoin Exchange Traded Crypto (BTCE)

ETF provider HanETF launched an "innovative ETC for a modern portfolio" in June 2020: ISIN: DE000A27Z304 Ticker: BTCE Exchange: Xetra Name: BTCetc Bitcoin Exchange Traded Crypto (BTCE) AUM: $ 4.344 M TER: 2.00% Is there an investment case (diversification)? Would anyone here invest? (Some people se...
by softwaregeek
Thu Jul 30, 2020 12:47 am
Forum: Non-US Investing
Topic: Bitcoin Exchange Traded Crypto (BTCE)
Replies: 19
Views: 1394

Re: Bitcoin Exchange Traded Crypto (BTCE)

As someone who makes a living in the crypto industry, let me say: Run, don't walk away. There are legit investments in the crypto industry. But there are also a lot of scams and a lot of people who exploit the greedy yet naive people who think it's a get rich quick scheme. Avoid this. If you want to...
by softwaregeek
Wed Jul 29, 2020 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 491
Views: 74585

Re: Relationship mortgage discounts for moving a million assets

I just read someone in NY got a jumbo loan at 3% with 15% down and no PMI via CITI. Does this sound at all plausible? Citi Private Banking allows jumbo, 10.01% down with no PMI :shock: :D I am told that sort of lending is one of the key benefits for many of the big private banks. As well as the abi...
by softwaregeek
Wed Jul 29, 2020 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 491
Views: 74585

Re: Relationship mortgage discounts for moving a million assets

I just read someone in NY got a jumbo loan at 3% with 15% down and no PMI via CITI. Does this sound at all plausible? Plausible if one has large asset in CITI, i think you can get better than 0.75% discount if you have 2-5mil in Citi (at least that was the case ~4 months ago). Very plausible. The g...
by softwaregeek
Wed Jul 29, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 491
Views: 74585

Re: Relationship mortgage discounts for moving a million assets

I'm going through a similar process myself! Looking for a 761K 30 year fixed loan in the Bay Area. I started off the process by sending in a loan estimate from Loan Depot for 2.75% with $3170 in A+B+C fees, $3040 in lender credit and requesting a rate match. Here's what I'm working on Chase 2.5% fo...
by softwaregeek
Tue Jul 28, 2020 12:01 am
Forum: Personal Investments
Topic: Creative alternatives to bonds like paying off mortgage?
Replies: 6
Views: 759

Re: Creative alternatives to bonds like paying off mortgage?

The possibility of negative bond rates recent got me thinking that stocking up on durable goods may have a better return and be less risky. Like buying up a years worth of toilet paper, toothpaste, etc. Of course current prices may be higher than average. If bond rates go negative I’m gonna have 10...
by softwaregeek
Mon Jul 27, 2020 11:51 pm
Forum: Personal Investments
Topic: Creative alternatives to bonds like paying off mortgage?
Replies: 6
Views: 759

Re: Creative alternatives to bonds like paying off mortgage?

Solar can generate 15% ROI but you need ideal conditions. High power prices, favorable regulations and lots of sunlight. Also unobstructed sunlight on west or south facing roof.
by softwaregeek
Mon Jul 27, 2020 11:46 pm
Forum: Personal Investments
Topic: 529 and planning for the future with no kids now
Replies: 4
Views: 526

Re: 529 and planning for the future with no kids now

Would start saving in taxable first. Tax deferred is great, but there are certain things that can only be done with unencumbered funds, like buy a house.
by softwaregeek
Mon Jul 27, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Alternative?
Replies: 63
Views: 7294

Re: Ally Bank Alternative?

Oddly enough, was tempted by ally.
by softwaregeek
Mon Jul 27, 2020 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Beach House in New England
Replies: 44
Views: 4158

Re: Buying Beach House in New England

I have a couple of thoughts on this. 1. It's probably a good idea to figure out what your spend is. It might be good to spend a few hours going back through your checking account to figure out what it is. Software like Personal Capital ought to make it a bit easier. 2. You can always rent out a summ...
by softwaregeek
Mon Jul 27, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Alternative?
Replies: 63
Views: 7294

Re: Ally Bank Alternative?

Service everywhere is terrible. Schwab used to be the incredibly knowledgable, but isn't so great anymore. They are still probably the best with respect to service, as far as I can tell but that isn't saying much. BofA, my other checking account is a joke service wise, although the products themselv...
by softwaregeek
Wed Jul 22, 2020 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Value of eliminating ARM?
Replies: 14
Views: 737

Re: Value of eliminating ARM?

I have always believed a bird in the hand is the way to go. Lock it in, eliminate the risk. I saw people get hurt in 2008-9 by inability to refinance. It's not only your personal situation, it's the world at large. If housing prices drop substantially (for example if this upcoming recession drags on...
by softwaregeek
Wed Jul 22, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth paying management fees?
Replies: 23
Views: 2285

Re: Is it worth paying management fees?

Put everything in the target date fund and let it ride. They will do all the work. 0.12% expense seems fair for the little amount of automated work that they do, if you don't want to do it yourself.
by softwaregeek
Wed Jul 22, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?
Replies: 56
Views: 4514

Re: Pursue a Job Offer I am not ready for? Apply more pressure for my Raise? Wait?

This is tangential to your specific question, but: I just don't understand why your current employer would have given you a raise in April and then not implemented it effective immediately, or a date certain. If they had concerns about COVID's effects on the bottom line, why did they extend a raise...
by softwaregeek
Wed Jul 22, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Best option to pay for large unexpected expense
Replies: 40
Views: 2624

Re: Best option to pay for large unexpected expense

I had a tree issue, not as big.

My yard guy knew a guy who took care of it for about $1k. I doubt they were bonded and insured but they did seem to know what they were doing.
by softwaregeek
Wed Jul 22, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: Well Fargo raises some Pay-to-Play fees on fund companies
Replies: 36
Views: 1955

Re: Well Fargo raises some Pay-to-Play fees on fund companies

I suspect this is endemic to the industry. It does provide a huge conflict of interest as well. How can you be sure that they have been giving you the advice that's best for you, as opposed to the advice that earns them the biggest fees? This, by the way, has been the knock against bank investment a...
by softwaregeek
Tue Jul 21, 2020 10:23 pm
Forum: Personal Investments
Topic: Where is your fixed income invested?
Replies: 71
Views: 5239

Re: Where is your fixed income invested?

For high income taxpayers in high tax states muni bonds may be better choices.
by softwaregeek
Thu Jul 16, 2020 11:12 pm
Forum: Personal Consumer Issues
Topic: Solar with battery/tesla wall
Replies: 114
Views: 7882

Re: Solar with battery/tesla wall

I think of it as a bond that returns credit card level interest rates. I think my rate of return will be about 16%a year triple tax free over the next 25 years on the original investment. But solar panels depreciate over time, unlike a bond. They seem more like an annuity to me. My calculation assu...
by softwaregeek
Fri Jul 10, 2020 12:30 pm
Forum: Personal Consumer Issues
Topic: $20,000 solar investment in PA worth it?
Replies: 27
Views: 1978

Re: $20,000 solar investment in PA worth it?

In California, we have a guarantee of net metering for 20 years from time of signing. Net metering 1.0 was more favorable, but people are still grandfathered in. Net metering 2.0 is less favorable (we pay about 3c per kwh distribution fee for what we take from the utility and there is a monthly mini...
by softwaregeek
Fri Jul 10, 2020 11:09 am
Forum: Personal Consumer Issues
Topic: Renting a car from Hertz (after it filed for bankruptcy)
Replies: 12
Views: 1050

Re: Renting a car from Hertz (after it filed for bankruptcy)

I wouldn't hesitate to do this. However, I would note that I would use a credit card that is insured against travel vendors going out of business. My fancy Chase Reserve card, for example.
by softwaregeek
Wed Jul 08, 2020 8:31 pm
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 6914

Re: Password vault or generator?

Recently switched from LastPass to 1Password since wife didn’t like LastPass. I hate 1Password, and want to go back to LastPass.
by softwaregeek
Wed Jul 08, 2020 12:10 am
Forum: Personal Consumer Issues
Topic: Solar with battery/tesla wall
Replies: 114
Views: 7882

Re: Solar with battery/tesla wall

I could not get the tesla battery to be worth it even with multiple overlapping government rebate programs totalling 70% of the value. I have a 7kw system. I am only a few months in but it is supposed to generate approximately 12,000 kwh per year. It is tracking slightly above forecast. I paid 20k ...
by softwaregeek
Wed Jul 08, 2020 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge $900 preferred rewards brokerage bonus
Replies: 80
Views: 7463

Re: Merrill Edge $900 preferred rewards brokerage bonus

I've done the $900 transfer twice at once with two accounts, about 3 months ago, to get a relationship mortgage discount.

I got $1800, and a quarter point discount off my mortgage. Not bad.

They keep offering, so I keep taking.
by softwaregeek
Tue Jul 07, 2020 8:35 pm
Forum: Personal Consumer Issues
Topic: Solar with battery/tesla wall
Replies: 114
Views: 7882

Re: Solar with battery/tesla wall

I could not get the tesla battery to be worth it even with multiple overlapping government rebate programs totalling 70% of the value. I have a 7kw system. I am only a few months in but it is supposed to generate approximately 12,000 kwh per year. It is tracking slightly above forecast. I paid 20k f...
by softwaregeek
Mon Jul 06, 2020 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 491
Views: 74585

Re: Relationship mortgage discounts for moving a million assets

Did that. Citi paper, BofA matched plus discount.
by softwaregeek
Wed Jun 24, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 131
Views: 10924

Re: Choosing a university/college for my son a future Computer Science Major

Late to the party, but I will comment. I have a computer science degree from one of the top 10 schools you mention there. Illinois at Champaign is a great school with a great reputation. There is no need to look at any other state school on the list if he can get there. For CS, it is as good as any ...
by softwaregeek
Mon Jun 22, 2020 9:50 pm
Forum: Personal Investments
Topic: Best Comprehensive Investment Software for Investors
Replies: 11
Views: 876

Re: Best Comprehensive Investment Software for Investors

There is nothing as good as personal capital for portfolio monitoring that I have found. I find quicken tedious and I can’t bring myself to expend the continuous effort. For transactions, I put everything on chase credit cards and use their portal. Plus a small excel sheet to aggregate everything im...
by softwaregeek
Thu Jun 18, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Air purifier recommendation.
Replies: 14
Views: 721

Re: Air purifier recommendation.

I had a whole house filter put into my AC system. It is pretty cheap to buy, they make the money on filter replacements.

https://www.lennox.com/products/indoor- ... bonclean16
by softwaregeek
Thu Jun 18, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 79
Views: 12761

Re: Schwab as a one stop shop

I have accounts at several (most?) institutions that are frequently mentioned here. Schwab has the best checking account, hands down, with no minimum balance. Free international ATM with great exchange rates. Unlimited ATM rebates globally. The big banks will in some cases match with $250k balance, ...