Search found 37 matches

by dardeninvestor
Fri Aug 23, 2019 10:07 am
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 4429

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

Honestly I really never touch it. So effective duration of 1.9 years is OK I suppose. Just an emergency fund.

Granted with SCHO I'm missing the current higher yielding ultra-short end of things.
by dardeninvestor
Thu Aug 22, 2019 9:28 pm
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 4429

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

I'm really glad I'm not the only one with this question! For me I don't need the immediate liquidity on-line savings or MM would provide, so I've debated why not park it in SCHO.
by dardeninvestor
Thu Aug 22, 2019 8:03 pm
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 4429

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

And as a follow-up do you feel yields are any different than what you'd get via on-line savings accounts. To clarify, since MM (SNSXX) won't decline in value and high yield on-line savings is FDIC insured...do people feel there is any potential return advantage/premium you achieve by investing in sh...
by dardeninvestor
Thu Aug 22, 2019 7:49 pm
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 4429

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

Curious to those on this thread, now that a year has passed: Are you using SCHO or SNSXX for your emergency fund (assuming you choose to keep it invested in Treasuries) SCHO is Schwab's short-term treasury ETF with a low ER (it's not ultra-short like I presume a money market would be, but $0 commiss...
by dardeninvestor
Thu Aug 22, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)
Replies: 19
Views: 1791

Re: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)

No...but they are free to open and no cost to maintain and I can literally "name" each on their website (e.g., "Mortgage" "Insurance" "Emergency"). When I login to Amex it shows me a summary page identifying each account by these names. One transaction occurs in each a month. They do limit you to 6...
by dardeninvestor
Thu Aug 22, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)
Replies: 19
Views: 1791

Re: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)

No...but they are free to open and no cost to maintain and I can literally "name" each on their website (e.g., "Mortgage" "Insurance" "Emergency"). When I login to Amex it shows me a summary page identifying each account by these names. One transaction occurs in each a month. They do limit you to 6 ...
by dardeninvestor
Thu Aug 22, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 5295

Re: Vanguard vs. Fidelity??

If at Fidelity: IVV.

If at Vanguard: IVV or VOO.

If at Schwab: SCHX (they do not have a true commission free ETF for S&P 500).
by dardeninvestor
Thu Aug 22, 2019 11:01 am
Forum: Investing - Theory, News & General
Topic: The Small Lie: Small Caps are Riskier
Replies: 54
Views: 3187

Re: The Small Lie: Small Caps are Riskier

Exactly. The market is unlikely to incorrectly price risk over long periods of time. I would argue the market probably appreciates risk that the statisticians are failing to capture. Thus, these factor anomalies are not in fact anomalies, and I would be extremely wary of factor tilting. But feel fre...
by dardeninvestor
Thu Aug 22, 2019 9:31 am
Forum: Personal Investments
Topic: $1M cash: how to invest
Replies: 40
Views: 3493

Re: $1M cash: how to invest

Trying to get some advice on how to invest a $1M cash inheritance? I don't need the funds in the short-term. My fee-only advisor is suggesting I invest it all lumpsum into index funds 70/30 allocation. I am a 37 y/o physician. Overall financial picture: $3.5M net worth including personal home. Only...
by dardeninvestor
Wed Aug 21, 2019 10:28 pm
Forum: Personal Investments
Topic: Finally ready to start a taxable account - Need some advice
Replies: 25
Views: 2398

Re: Finally ready to start a taxable account - Need some advice

Yes actual cost on the taxable account. Then you will likely need to call or LiveChat to change the FIFO disposal method. You don't want FIFO.

For the tax advantaged accounts, doesn't matter.
by dardeninvestor
Wed Aug 21, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: The Small Lie: Small Caps are Riskier
Replies: 54
Views: 3187

Re: The Small Lie: Small Caps are Riskier

Risk isn't always normally distributed.
by dardeninvestor
Wed Aug 21, 2019 10:15 pm
Forum: Personal Investments
Topic: $1M cash: how to invest
Replies: 40
Views: 3493

Re: $1M cash: how to invest

No right answer on lump sum vs dollar cost averaging over 6-12 months. Do what makes YOU comfortable. Sounds like the latter. If you do the latter, be sure to do a specific lot ID cost accounting for the lots so you could tax loss harvest. Depending on how long you plan to keep the house (assuming t...
by dardeninvestor
Wed Aug 21, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)
Replies: 19
Views: 1791

Re: American Express Personal Savings rate dropping from 2.10% to 1.90% tomorrow (08.22.19)

Got an email this morning from American Express that their Personal Savings account is dropping the rate from 2.10% to 1.90% effective tomorrow (08.22.19). Probably won't be too long before others drop their rates. I know Ally did earlier this month. Redneck Bank is still at 2.40% the last time I c...
by dardeninvestor
Wed Aug 21, 2019 4:17 pm
Forum: Personal Investments
Topic: VFIAX or VOO?
Replies: 21
Views: 1143

Re: VFIAX or VOO?

atdharris wrote:
Wed Aug 21, 2019 4:14 pm
If you can get the mutual fund transaction free, go with it, especially if it's in an IRA. I don't like to re-invest dividends in a taxable account due to tax issues but in my IRA/401k, I have all my funds set up to re-invest
+1
by dardeninvestor
Wed Aug 21, 2019 4:16 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1115

Re: Cash Investment Question.

I would not tie up the money for 3yrs for a paltry 2.75% when you can basically get that with the current Capital One 360 bonus offer: 2% + $500 cash bonus for depositing $50k https://www.capitalone.com/cash500/ You can also find 12 month guaranteed MMA rates at 2.25% https://www.suntrust.com/lp/mm...
by dardeninvestor
Wed Aug 21, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 183
Views: 18451

Re: Do you buy new or used cars?

Have owned about 20 cars in my life and have never bought new. We are looking at a replacement soon and going with a Jeep Wrangler. sadly, dealers list 2017 models with 10k miles for $32k and 2018 0 miles for $32.5k basically ... so, we'll likely get a new one at some point Check Consumers for thei...
by dardeninvestor
Wed Aug 21, 2019 3:58 pm
Forum: Personal Investments
Topic: VFIAX or VOO?
Replies: 21
Views: 1143

Re: VFIAX or VOO?

There are many threads here about conventional mutual funds vs. ETFs. It comes down to preference. I prefer mutual funds. I like that I can buy a set amount of $$ and I get it at the closing price. A small difference in ER between the two would not dissuade me from a mutual fund. Others prefer ETFs...
by dardeninvestor
Wed Aug 21, 2019 3:32 pm
Forum: Personal Investments
Topic: VFIAX or VOO?
Replies: 21
Views: 1143

Re: VFIAX or VOO?

In your IRA just pick the mutual fund version. In taxable, I use ETF. If a Vanguard IRA, VFIAX makes most sense. For example, I use SWPPX in my IRA (behaves like VFIAX and since it’s an IRA not worried about tax efficiency). In taxable, VOO or SCHX or ITOT, whatever is cheapest at your brokerage. V...
by dardeninvestor
Wed Aug 21, 2019 3:30 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1115

Re: Cash Investment Question.

No problem. I initially shared your concerns and totally get it. I picked Amex because it was FDIC insured and they have phone customer service 24/7. That helped me get over the mental block I initially had of not having a local branch. Plus I had American Express as a credit card so I was used to t...
by dardeninvestor
Wed Aug 21, 2019 3:18 pm
Forum: Personal Investments
Topic: VFIAX or VOO?
Replies: 21
Views: 1143

Re: VFIAX or VOO?

In your IRA just pick the mutual fund version. In taxable, I use ETF.

If a Vanguard IRA, VFIAX makes most sense.

For example, I use SWPPX in my IRA (behaves like VFIAX and since it’s an IRA not worried about tax efficiency).

In taxable, VOO or SCHX or ITOT, whatever is cheapest at your brokerage.
by dardeninvestor
Wed Aug 21, 2019 12:06 pm
Forum: Personal Investments
Topic: Cash Investment Question.
Replies: 22
Views: 1115

Re: Cash Investment Question.

Amex, Marcus, or Ally savings would give you similar yield but not tie up the money.
by dardeninvestor
Wed Aug 21, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 183
Views: 18451

Re: Do you buy new or used cars?

Always new.

And I would max out options on a VW Atlas over the Volvo, if I had to limit myself to a 7 passenger SUV.

Granted owning a truck and an AWD Sienna would cover any vehicle need anyone could possibly have.
by dardeninvestor
Wed Aug 21, 2019 8:27 am
Forum: Personal Investments
Topic: Finally ready to start a taxable account - Need some advice
Replies: 25
Views: 2398

Re: Finally ready to start a taxable account - Need some advice

So essentially you get 100 free trades per year if you keep $15K in checking? Apologize for the confusion over the 0.35% fee. Customer service rep didn't make that clear to me when I looked into a few months ago. Otherwise would have considered that option more strongly. However, lack of ATM fee rei...
by dardeninvestor
Tue Aug 20, 2019 9:33 pm
Forum: Personal Investments
Topic: Finally ready to start a taxable account - Need some advice
Replies: 25
Views: 2398

Re: Finally ready to start a taxable account - Need some advice

If sticking with Fidelity for a taxable brokerage and total US stock market is the desired investment, ITOT makes the most sense. Paying $4.95 per trade on VTI doesn't make any sense in my book. For total stock market ETFs you essentially have 3 main choices and I would just stick to whichever one i...
by dardeninvestor
Tue Aug 20, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 5295

Re: Vanguard vs. Fidelity??

In 2016, Vanguard messed up the cost basis for finds I purchased in 2016. The mistake was evident to me, and I reported it within 24 hours. It took the company months to correct their error. This is why I no longer use Vanguard. Andy. Vanguard funds are more tax-efficient (you said this would be fo...
by dardeninvestor
Sun Aug 18, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

I’ve found vanguard to be a nightmare to deal with as a bank. Great funds. Terrible customer service. I switched to Fidelity. A bit less on the MM but worth it for all the hassles of VG. +1 Schwab or Fidelity work best for this. I recently migrated Vanguard to Schwab. The purchased money market fun...
by dardeninvestor
Fri Aug 16, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

I’ve found vanguard to be a nightmare to deal with as a bank. Great funds. Terrible customer service. I switched to Fidelity. A bit less on the MM but worth it for all the hassles of VG. +1 Schwab or Fidelity work best for this. I recently migrated Vanguard to Schwab. The purchased money market fun...
by dardeninvestor
Tue Aug 13, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 7501

Re: Use Vanguard MM Prime for cash rather than local bank?

Amex Savings is quite simple. Transfers to and from Schwab instantly.
by dardeninvestor
Sun Aug 11, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 6260

Re: Schwab as a one stop shop

SCHO is the ETF I use, but you may find the MMF funds a little easier to dial in exact amounts for negligible differences in yield.
by dardeninvestor
Sat Aug 10, 2019 10:48 pm
Forum: Investing - Theory, News & General
Topic: Small Value Tilting Increases Exposure To Unknown Risks?
Replies: 7
Views: 754

Re: Small Value Tilting Increases Exposure To Unknown Risks?

The risks are known. Small value tilting increases return but also risk, probably not along a normal distribution, and thus out of proportion to return. High tail risk that only manifests itself during extreme events. Hence why Citigroup was largest holding of the fundamental investing index when th...
by dardeninvestor
Sat Aug 10, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 6260

Re: Schwab as a one stop shop

Maybe it's a left brain/right brain thing. I use a Brokerage account for Brokerage. That is, I keep almost nothing in cash in the Schwab brokerage account, hence again why the MMF issue at Schwab is not at all inconvenient for me. Most of my brokerage is invested in mutual funds or equities. What li...
by dardeninvestor
Sat Aug 10, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 6260

Re: Schwab as a one stop shop

Correct on the last sentence for rationale moving to checking. Any transfer between the two happen instantly. And yes to prior poster before that. You have to proactively sell the MMF. But zero expense to sell. Funds available next day (rather than 3). I guess I have never needed a large chunk at th...
by dardeninvestor
Sat Aug 10, 2019 3:02 pm
Forum: Personal Investments
Topic: Traditional 401(k) or Roth 401(k)
Replies: 9
Views: 687

Re: Traditional 401(k) or Roth 401(k)

No wrong answer. In a top tax bracket as well. Tax rates are at all time lows. For this reason, I chose Roth 401(k). The company makes pretax contributions and I can’t change that aspect. Only time will tell. Eventually government will decide to tax everything it can and hurt top tax brackets and sa...
by dardeninvestor
Sat Aug 10, 2019 2:23 pm
Forum: Personal Investments
Topic: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)
Replies: 34
Views: 7763

Re: Concerns with Index funds (VTSAX, VOO, QQQ, etc.)

In your Schwab account, under the Research tab, lookup VOO and then hit Compare on the side. Compare to SCHX, VTI, SCHB. You can see that over the past few years they have been generating about 11%. As for the discussion of VOO (S&P 500) vs VTI (total US market), that is really an academic debate. T...
by dardeninvestor
Fri Aug 09, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 6260

Re: Schwab as a one stop shop

Recently moved from Vanguard and Fidelity to Schwab. Experience at Schwab nothing short of excellent. Banking features have been superb. No ATM fees worldwide. Not exactly sure the CMA at Fidelity really offers any major advantage over simply purchasing a treasury MM fund from Schwab. Both Fidelity ...
by dardeninvestor
Fri Aug 09, 2019 8:36 pm
Forum: Personal Investments
Topic: Vanguard customer service
Replies: 44
Views: 2275

Re: Vanguard Customer Service Recently

I had an absolutely awful customer service experience with Vanguard recently. I consolidated to Vanguard earlier this year and my customer service experience was nothing short of terrible. I have always held some Vanguard funds, but as a brokerage, I cannot in good faith recommend them whatsoever. W...