Search found 29 matches

by wade22
Thu Aug 08, 2019 7:11 pm
Forum: Personal Consumer Issues
Topic: How to find a reliable car service center?
Replies: 45
Views: 2313

Re: How to find a reliable car service center?

While my '90 Mitsubishi Montero has been the most reliable vehicle I've every owned (when repaired by knowledgeable mechanics), next time I'll buy something from Toyota. Or maybe Subaru or Honda. Something with dealerships expected to stay around longer. I almost bought a lightly used Mistubishi La...
by wade22
Thu Aug 08, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: How to find a reliable car service center?
Replies: 45
Views: 2313

Re: How to find a reliable car service center?

I usually just depend on online reviews, but they're so mixed so it can be hard to decipher who's worth seeing. Worst trouble I had with my car, it stalled with oil change and check engine light. Started up again, got the oil changed after. Had check engine light on, about cam sensor or something. T...
by wade22
Thu Aug 08, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3958
Views: 1127562

Re: What Book Are You Currently Reading? Part VI

The Final Day at Westfield Arcade - Fun (and sad) little novel about a guy working at an arcade in the mall during the booms and busts of the industry. On kindle unlimited for free right now. Speaking of Kindle, I have a Paperwhite and love it. Something about the way digital reading works with a pr...
by wade22
Wed Aug 07, 2019 1:25 pm
Forum: Personal Investments
Topic: Ally & Marcus Dropping Some Interest Rates (Title Edited 8-8-19)
Replies: 59
Views: 8326

Re: Ally Dropping Interest Rate on their Online Savings Account 8-6-19

Well that's because it's the reskinned Dollar Savings Direct, which was the reskinned Emigrant Direct site. I've chased the rates through them, nice that the UI model doesn't change. Neither does their bank's community involvement either apparently, I like that they have an "in the community" secti...
by wade22
Wed Aug 07, 2019 1:06 pm
Forum: Personal Investments
Topic: Vanguard customer service
Replies: 44
Views: 2260

Re: Vanguard Customer Service Recently

The very few times I've used their CS, I've had good results too. Always got someone who seems to really know their stuff. Fidelity ones generally seem a little less knowledgeable, but they have much more availability with 24/7 phone and live chat during regular business hours. I think Schwab genera...
by wade22
Wed Aug 07, 2019 6:42 am
Forum: Personal Investments
Topic: Ally & Marcus Dropping Some Interest Rates (Title Edited 8-8-19)
Replies: 59
Views: 8326

Re: Ally Dropping Interest Rate on their Online Savings Account 8-6-19

I refuse to open an account with a bank that sounds like a bad lottery scratch ticket game That's just the name of the account, but "Redneck Bank" doesn't exactly inspire confidence either. It's a theme bank, never seen anything like it. They have a more professional-looking parent bank site with t...
by wade22
Wed Aug 07, 2019 12:17 am
Forum: Personal Investments
Topic: Ally & Marcus Dropping Some Interest Rates (Title Edited 8-8-19)
Replies: 59
Views: 8326

Re: Ally Dropping Interest Rate on their Online Savings Account 8-6-19

I refuse to open an account with a bank that sounds like a bad lottery scratch ticket game That's just the name of the account, but "Redneck Bank" doesn't exactly inspire confidence either. It's a theme bank, never seen anything like it. They have a more professional-looking parent bank site with t...
by wade22
Tue Aug 06, 2019 3:03 pm
Forum: Personal Investments
Topic: Ally & Marcus Dropping Some Interest Rates (Title Edited 8-8-19)
Replies: 59
Views: 8326

Re: Ally Dropping Interest Rate on their Online Savings Account 8-6-19

Anyone else remember getting 4 and 5 percent in a money market account at the local credit union? Otherwise, Redneck Megamoney is 2.4% up to $50k and if you feel like doing the hoop jumping with debit card charges, their checking account is 3%. Wow, there is a squirrel with a lawnmower mowing cash ...
by wade22
Tue Aug 06, 2019 2:49 am
Forum: Personal Investments
Topic: Ally & Marcus Dropping Some Interest Rates (Title Edited 8-8-19)
Replies: 59
Views: 8326

Re: Ally Dropping Interest Rate on their Online Savings Account 8-6-19

Ally hasn't had a top rate in a long time, if ever. But money is sticky and most people will rationalize staying, which means there will still be an Ally Bank for now. I have a better rate one elsewhere that doesn't offer checking, so I keep a bit at Ally because I can transfer from savings to chec...
by wade22
Mon Aug 05, 2019 3:50 am
Forum: Forum Issues and Administration
Topic: What [do the abbreviations used here] mean...???
Replies: 19
Views: 2433

Re: What does it all mean...???

Can you give us some examples of abbreviations you can't figure out? DH, DW, DD, DS mean Dear Husband, Dear Wife, Dear Daughter, Dear Son The financial ones have logic but these ones are ridiculous. The wiki says these are "internet terms" but I must say I've never seen them used anywhere but on th...
by wade22
Sat Aug 03, 2019 6:23 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

Because as others noted above, Fed MM may actually be safer than FDIC insurance. If this ever becomes a relevant question, we will all have much bigger problems. I disagree with this. FDIC insurance not coming through would require apocalyptic conditions, the MM having hiccups, not so much, just a ...
by wade22
Sat Aug 03, 2019 6:15 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

However, it is your comfort with this well reasoned decision to utilize a low cost broadly diversified portfolio for your long term financial needs with its well known machinations that may result in extended periods of decline contrasted with your extreme aversion to the very minor risk of a MM fu...
by wade22
Sat Aug 03, 2019 1:14 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

You seem to want to be concerned about what most responders here have no significant concern over. The risk is minuscule but your perception of the risk seems to magnify it’s very possibility. Did the market downturn last fall and more recently cause you as much concern? How does a one day drop of ...
by wade22
Sat Aug 03, 2019 1:03 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

Because as others noted above, Fed MM may actually be safer than FDIC insurance. If this ever becomes a relevant question, we will all have much bigger problems. I disagree with this. FDIC insurance not coming through would require apocalyptic conditions, the MM having hiccups, not so much, just a ...
by wade22
Sat Aug 03, 2019 9:01 am
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

Even though a current-day MM account might be exposed to similar or less risks on paper, it seems it's still susceptible to temporarily losing value in times of turmoil with no guarantee backing it's short-term value. When it comes down to it, why would I want a non-insured limbo account when it's p...
by wade22
Fri Aug 02, 2019 11:19 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

Fidelity's FDIC insured option is what, 0.6% APY? Roughly 3x less than federal money market I'd wager (haven't checked). I use Fidelity's CMA as my core bank account and will never put a dollar into that fund, everything is in SPAXX or SPRXX. You are worrying about a non-issue. I'm not sure how the...
by wade22
Fri Aug 02, 2019 8:21 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

If you don't like it then use someone like Schwab, an actual bank with FDIC protected settlement funds. I did mention that at the bottom of my post, leaning Fidelity over Schwab because they offer better ETFs for free. I do have a preference for VTI/VXUS though. I may start my taxable account at Fi...
by wade22
Fri Aug 02, 2019 8:13 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

Currently has a 2.2% SEC yield. I wouldn't call that "no gain". If I want money safe and sound in a savings account ASAP, a variable 2% yield for a few days in limbo isn't something I care much about. My savings account has the same return with zero variance. You started out talking about a cash ma...
by wade22
Fri Aug 02, 2019 8:00 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

bhsince87 wrote:
Fri Aug 02, 2019 7:35 pm
Currently has a 2.2% SEC yield. I wouldn't call that "no gain".
If I want money safe and sound in a savings account ASAP, a variable 2% yield for a few days in limbo isn't something I care much about. My savings account has the same return with zero variance.
by wade22
Fri Aug 02, 2019 7:28 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

what "risk"? (Even back in 2008, didn't the feds step in and back up the losses, with perhaps the exception of Lehman? In other words, did the masses actually lose money?) https://www.investopedia.com/articles/mutualfund/08/money-market-break-buck.asp Some discussion of it here: https://www.boglehe...
by wade22
Fri Aug 02, 2019 6:19 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

stan1 wrote:
Fri Aug 02, 2019 6:12 pm
It is very easy to transfer funds from Vanguard to an FDIC bank or NCUA credit union. Try it, you'll see it works very nicely.
I'm pretty sure you have to wait for it to be settled (in the MM fund) to do that. You can limit exposure, but I don't think you can forego it.
by wade22
Fri Aug 02, 2019 6:15 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Re: Does it bug anyone else that Vanguard only has money market for cash?

The Federal MM fund is all US Government obligations. What is the risk? "Breaking the buck" and all that. I remember reading there were people who lost access to money in MM funds for months to years during the 2008 crisis, though I think the default money market account was invested in riskier thi...
by wade22
Fri Aug 02, 2019 5:53 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 8497

Does it bug anyone else that Vanguard only has money market for cash?

I dig Vanguard's funds and interface, I use them for my Roth and was thinking of starting a small taxable account there, but I'm turned off by the fact that money market is the only choice for settlement fund. It probably shouldn't bother me, but it does. My thinking, the only reason I will have cas...
by wade22
Fri May 31, 2019 5:24 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 587
Views: 140112

Re: That Frugal Thing You Do

My father used to say the only difference between a good haircut and a bad haircut is about a week. It depends on the length and whether the bad haircut is yours or one done by a hairdresser, the hairdresser is only going to mess up so bad. You can do some massive damage to your hair and short-term...
by wade22
Sun May 26, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 587
Views: 140112

Re: That Frugal Thing You Do

I think often I'm penny-wise and pound-foolish, with pound being my personal happiness --- Sometimes I cut my own hair, and it often turns out bad. I don't do a buzzcut, so it's not that easy. Will almost always make my fast food orders revolve around the dollar menu. Taco Bell's is terrible, but I ...
by wade22
Sun May 26, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: Are you on Facebook?
Replies: 179
Views: 17308

Re: Are you on Facebook?

I was for a few years, but I quit using it like 2 years ago. Everyone I want to keep in touch with, I pretty much do through normal means. I guess I don't have enough friends or family to find value out of using Facebook. When I was using it all the time, I had so many work "friends" that added me. ...
by wade22
Sun May 26, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for feedback on rough retirement calculations.
Replies: 6
Views: 774

Re: Looking for feedback on rough retirement calculations.

First, the fact that you are thinking about this, and found the tools to do your calculations shows you are more educated than you think. Thanks, I just thought that was a fun way of saying no higher education and no solid career prospects on the horizon. To be fair to my description, I didn't even...
by wade22
Sun May 26, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for feedback on rough retirement calculations.
Replies: 6
Views: 774

Re: Looking for feedback on rough retirement calculations.

I have often thought people making less than the national average would do very well to just max a Roth account every year. The amount you can out in will increase with inflation so just make that your goal and you will be doing better than 89% of anyone else you know! You will get ss too so that p...
by wade22
Sun May 26, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for feedback on rough retirement calculations.
Replies: 6
Views: 774

Looking for feedback on rough retirement calculations.

I'm 28, unemployed, uneducated, and have no idea what I'm going to do for work in the near future, but I'm still curious if my thoughts on minimum retirement savings are close or way off. Currently have a Roth IRA with roughly 25k inside invested in Vanguard ETFs (mimicking Vanguard's Target Date al...