Search found 2500 matches

by DaveTH
Wed Oct 19, 2011 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Trade - Wells Fargo
Replies: 141
Views: 20585

Re: Wells Trade - Wells Fargo

The $50K minimum only applies to certain states. For example in Michigan, Illinois and Ohio the minimum remains at $25K.
by DaveTH
Sun Oct 02, 2011 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Suze Orman advising a Power Ball Winner from New York
Replies: 21
Views: 4441

Suze is obviously out of touch, since the highest rate shown on Bloomberg for a 30-year muni is ~3.5%. She seems to be equally out of touch regarding dividends. I often hear her telling people to invest in dividend-paying stocks that yield 5-7%. Really? Sure some of those exist (REITS, MLPs, etc.),...
by DaveTH
Sun Oct 02, 2011 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America to Charge $5/Month for Debit Cards
Replies: 148
Views: 13523

Why do you print them out? If you ever need them, they are always on-line, yes? This is generally not the case. I found out the hard way that BofA online check images are only available for 6 months. So now I make sure that I download images of cancelled checks for important stuff like property tax...
by DaveTH
Mon Aug 29, 2011 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: At what level of investment are tax-managed accounts useful?
Replies: 12
Views: 1775

In addition to what Dale_G posted, VEA Portfolio page says: "Vanguard MSCI EAFE ETF seeks to provide a tax-efficient investment return consisting of long-term capital appreciation." Tax-efficient is not the same as "tax managed". The attributes that you note regarding 100% quali...
by DaveTH
Sun Aug 28, 2011 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: At what level of investment are tax-managed accounts useful?
Replies: 12
Views: 1775

I use VEA (VG Tax Managed Developed Markets ETF) in taxable


VEA = Vanguard MSCI EAFE ETF. "Tax Managed" is not part of the name nor does it appear anywhere in the description.
by DaveTH
Mon Jul 18, 2011 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Any Vanguard Tax Managed Bond Funds?
Replies: 11
Views: 1887

Do you know of any tax managed bond funds?


Other than using munis, exactly how would one tax-manage a bond fund? Only purchase bonds that pay little or no interest? We already have that.
by DaveTH
Sun Jul 17, 2011 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Dilemma About Emergency Fund Money Holding
Replies: 10
Views: 1485

Did you actually read the Wiki?

Caveat: Placing emergency funds in volatile accounts can be risky. Consider that the market may drop 50% when you need the money the most.[1]
by DaveTH
Sun Jul 17, 2011 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Dilemma About Emergency Fund Money Holding
Replies: 10
Views: 1485

You plan to move your emergency funds into equities?
by DaveTH
Tue Jul 05, 2011 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity mysmart cash deposits
Replies: 26
Views: 10147

It would be awesome if we could use any ATM to deposit cash directly into our accounts. Maybe in 5 years.


Bank of America and Chase already offer that feature for customers using their deposit-image ATMs.
by DaveTH
Sun Jun 26, 2011 1:52 pm
Forum: Investing - Theory, News & General
Topic: Suze Orman saying something goofy yet again
Replies: 33
Views: 5319

But then Suze says that you can get 5% or even 6 or 7% from individual bonds. Really? Where would that be? Unfortunately, Suze failed to tell me the details on what bonds pay that much. She makes the same ridiculous comment regarding yields on dividend paying stocks. For reference, the VG High Divi...
by DaveTH
Sun Jun 26, 2011 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Choosing 3-month CDs
Replies: 53
Views: 8414

OK, so money market accounts and savings accounts are functionally identical? You may want to consider the no-penalty 11-mo CD from Ally Bank. It is currently paying a 1.13% annual yield and you can withdraw the full amount without penaly after just 6 business days. It's been a good place for parki...
by DaveTH
Sun Jun 26, 2011 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Where to put money when rates are 0%?
Replies: 22
Views: 4638

Even though you're only earning 1.66%, the fund makes taxable distributions monthly at a 2.88% annual rate. The distributions are taxed as ordinary income for most investors, so you're getting taxed almost double what you earn. Your assumption that you are being taxed nearly double what you earned ...
by DaveTH
Sun Jun 26, 2011 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Where to put money when rates are 0%?
Replies: 22
Views: 4638

why buy a ST bond fund instead of a FDIC savings account?


Ally Bank MM = 1.04% SEC Yield
VG ST Investment Grade Bond Fund = 1.66% SEC Yield (2.88% distribution yield)
by DaveTH
Sat Jun 25, 2011 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: OATi (the French version of I-Bonds)
Replies: 2
Views: 552

Do you plan to make purchases in Euros such that inflation in Europe is a concern? If you are looking to diversify, you could just purchase a basket of bonds such as the DB Int'l Government Inflation Protected ETF (WIP). It currently has 17% of its holdings in France. https://www.spdrs.com/library-c...
by DaveTH
Sun Jun 19, 2011 8:33 am
Forum: Investing - Theory, News & General
Topic: Orman says "No to Target Funds"
Replies: 101
Views: 13994

She seems to have an issue with bond funds (or anything that includes bond funds) in general. Apparently she does not realize that most people are not able to purchase individual bonds in their 401K accounts. In my opinion her advice is just too broad to be useful for many people.
by DaveTH
Sun Jun 12, 2011 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: short term savings
Replies: 3
Views: 677

Online savings account such as Ally (1.04%) or Amex (1.15%).
by DaveTH
Sat Jun 11, 2011 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Inflation is killing part of my Emergency fund
Replies: 18
Views: 2364

I'm looking at going to ally bank as they don't seem to screw around with their rates that much. Interesting perception. My experience has been that Ally is constantly adjusting yields, sometimes several days in a row. The one bank that seems to keep rates unchanged for relatively long periods is A...
by DaveTH
Sun Jun 05, 2011 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: How to get a better return than current savings rates?
Replies: 24
Views: 3456

What would be a better way to get a "safe" return on the money in this account?

Depends on what "safe" means to you:
Safe from default risk?
Safe from market risk?
Safe from interest rate risk?
Safe from inflation risk?
FDIC Insured?
by DaveTH
Fri Jun 03, 2011 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Switching to Vanguard: Now I'm not so sure...
Replies: 15
Views: 2337

Let's say I open a Vanguard account (within the 403(b) of course, but I still have to fill out the Vanguard paperwork and get an account and all that). I could then direct some or all of my contribution money going forward into Vanguard funds. Assuming that a 403B operates much the same as a 401K, ...
by DaveTH
Sun May 29, 2011 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Calclating 1099-DIV in the taxable account by hand 101
Replies: 12
Views: 1225

DaveTH- thanks for the post, do you know how Vanguard calculates after-tax performance (doesn't it matter whether you pay 15% or 0% ... is this based on taxation of dividends or other tax issues in managing the fund)? My understanding is that standard after-tax performance assumes the highest tax b...
by DaveTH
Sun May 29, 2011 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: American Express Bank vs Ally Bank?
Replies: 14
Views: 9811

I am considering opening another On-Line Savings account with AMEX just as a way to separate my Cash for my different needs.


No need to have accounts all over the place. You can easily create named accounts with Ally that would help identify the different purposes.
by DaveTH
Sun May 29, 2011 5:40 am
Forum: Investing - Help with Personal Investments
Topic: Calclating 1099-DIV in the taxable account by hand 101
Replies: 12
Views: 1225

but I'm trying to see how Vanguard compiled the summary numbers from this form. You can see all of your detailed distributions on your year-end statement. Vanguard also publishes the % of qualified dividends for each fund. The SEC yield is based on the current NAV, not what you paid for the shares....
by DaveTH
Fri May 27, 2011 6:11 am
Forum: Investing - Help with Personal Investments
Topic: is there anyone out there just using BND/VTI/VXUS ETFs ?
Replies: 12
Views: 2716

I can imagine someday when i'm 70s doing specific ID to choose which tax lot to sell, I guess. But, it is more no-brainer to just buy the admiral shares of the MF...

I think you may have answered your own question...
by DaveTH
Fri May 27, 2011 6:03 am
Forum: Investing - Help with Personal Investments
Topic: When bonds rise how much do yields fall?
Replies: 17
Views: 1804

Ok thanks. Just to clarify, if the yield decreases by approx 1.9% do you mean 8.83% - 1.9% = 6.93% or the yield will decrease by 1.9% as in out of 100% with 100% being 8.83% or the final yield of 8.83% x .981 = 8.66% ? Why are you so focused on yield? If the NAV of the fund drops by a signifcant am...
by DaveTH
Sun May 15, 2011 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: What on the web page tells you that you are at Voyager statu
Replies: 3
Views: 692

When I login, I see a green box in the upper left corner that says "Voyager Services".
by DaveTH
Tue May 10, 2011 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: I give up on treasurydirect
Replies: 135
Views: 26938

Is it possible to transfer a TD account to Vanguard? How does one do this? (assuming it can be done) I believe that you can transfer marketable securities (not i-bonds) from TreasuryDirect to Vanguard Brokerage Service (VBS). Check the TreasuryDirect website or look under "Manage Direct" ...
by DaveTH
Mon May 09, 2011 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard qualified dividends?
Replies: 4
Views: 648

You won't know until the end of the year whether the dividiends were qualified or not. You can only use prior year results as estimates.
by DaveTH
Mon May 09, 2011 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: I give up on treasurydirect
Replies: 135
Views: 26938

I'm confused about earlier comments on 1099's for TD.
Isn't interest tax deferred?

An online 1099 will be generated if you redeem any of your holdings. For partial redemptions the interest will be pro-rated. There will be no 1099 if there is no taxable transaction during the tax year.
by DaveTH
Sat May 07, 2011 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: tdameritrade commission free ETFs
Replies: 35
Views: 10444

There is also a hidden fee at VBS where you have to hold over $10,000 in the vanguard money market fund or you get hit with another fee.

That's not true. I have had $3.79 in my Vanguard Money Market account since the beginning of the year and I have not been assessed any fees.
by DaveTH
Sat May 07, 2011 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Predicting dividend distributions to manage taxes
Replies: 24
Views: 2082

P.P.S. to Dave: estimated taxes, penalties, safe harbors, and just a general anal attention to detail.

I generally pay my estimated taxes AFTER I receive the income. So, it has never been an issue for me.
by DaveTH
Sat May 07, 2011 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Predicting dividend distributions to manage taxes
Replies: 24
Views: 2082

Both of the funds mentioned are very tax efficient, barely have a 1.5% yield and most of the dividends have been qualified for the lower tax rates. What are you so worried about?
by DaveTH
Sat Apr 30, 2011 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign Inflation Protection Bond Fund Suggestions,SVP
Replies: 3
Views: 569

I have owned shares of the SPDR DB Int'l Gov't Inflation-Protected Bond ETF (WIP) in my IRA since 2007. I have been very happy with the performance and low correlation to other asset classes.
by DaveTH
Fri Apr 29, 2011 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Tax Managed Balanced-Any owners
Replies: 53
Views: 16232

and holding the balanced fund means that you must pay a capital-gains tax even if you want to sell only bonds

what makes you think that bond funds have no capital gains? All of my bond funds currently have significant unrealized gains.
by DaveTH
Fri Apr 29, 2011 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Tax Managed Balanced-Any owners
Replies: 53
Views: 16232

Bonds in TMB are taxable/intermediate term


Taylor,
The bonds in TMB are tax-exempt. How can a tax-managed fund be considered "tax inefficient"?
by DaveTH
Thu Apr 28, 2011 11:52 am
Forum: Investing - Help with Personal Investments
Topic: How to determine my AGI
Replies: 4
Views: 662

I am trying to find my AGI so that i can contribute to a Roth IRA. I looked at my W2 and i see Federal taxable income, Social security taxable income and Medicare taxable income. Which of these is the closet to the AGI?

If you submitted a tax return for 2010, you can start there.
by DaveTH
Tue Apr 26, 2011 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Two New American Express Blue Cash Cards
Replies: 5
Views: 1906

Beware that Walmart, Target and Meijer would not qualify for the 3% rate because they are classified as "superstores" which are excluded. They would only get the 1% rebate.
by DaveTH
Tue Apr 26, 2011 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Wells Fargo FlimFlam
Replies: 29
Views: 7869

Yes, close the PMA account first. This is what I did.

Did you initiate the ACAT transfer through Wells Fargo or through your new broker?
by DaveTH
Fri Apr 22, 2011 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Fargo FlimFlam
Replies: 29
Views: 7869

Realizing I will be hit for $95, what would be the best order to close everything so I don't end up with the $30 bank charges mentioned above?


Close the PMA account first, then transfer the brokerage holdings.
by DaveTH
Fri Apr 22, 2011 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Wells Fargo FlimFlam
Replies: 29
Views: 7869

Wells Fargo is the best deal in town.

The free trades quickly evaporate if you ever decide to leave. Their $95 transfer out fee is one of highest around (even partial transfers are charged the $95 fee).
by DaveTH
Fri Apr 22, 2011 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Wells Fargo FlimFlam
Replies: 29
Views: 7869

You'd think that when I I closed the brokerage account I'd no longer have a 'PMA' account. Nope. You can have just a PMA checking account without it being linked to any other account including the brokerage. I can appreciate your frustration regarding the separate banking and brokerage reps. I reme...
by DaveTH
Fri Apr 22, 2011 9:28 am
Forum: Investing - Help with Personal Investments
Topic: American Express "Hi Yield" Online Savings Account
Replies: 6
Views: 1540

My experience with them has been good overall. However, I think that Ally has much more to offer even though their yield is slightly lower. Positives ======= - Great customer service - ACH transfers to external banks are extremely fast (usually next business day) Negatives ======= - 6 business day h...
by DaveTH
Fri Apr 22, 2011 7:21 am
Forum: Personal Finance (Not Investing)
Topic: The I Bond year and Inflation Rate Question
Replies: 3
Views: 896

Both statements are incorrect. Your 1-yr holding period begins on the 1st day of the month that you purchase the bonds. The rates that you quoted are the base fixed rates that do not change for the life of the bond. The inflation rate is added to the base rate. You may want to download the SavingsBo...
by DaveTH
Fri Apr 22, 2011 6:00 am
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade AND Vanguard Brokerage ??
Replies: 18
Views: 4568

However, the more I look into it, the more frustrated I am. It seems like Wells Fargo is the same. You only get free trades if you link your W.F. brokerage account to a "PMA Package" checking account and maintain a $25,000 balance in that checking account. Also not cool at all. That's not...
by DaveTH
Fri Apr 22, 2011 5:53 am
Forum: Personal Finance (Not Investing)
Topic: banking question
Replies: 11
Views: 1868

How old is the check and what is the amount? Has this person requested that you re-issue another check?
by DaveTH
Thu Apr 21, 2011 6:52 am
Forum: Personal Finance (Not Investing)
Topic: banking question
Replies: 11
Views: 1868

Each bank will have their own policy. However, they are not obliged to accept a check that is more than 6 months old.
by DaveTH
Sun Mar 13, 2011 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Anyone using Capital One Banking services?
Replies: 5
Views: 1505

Their CD rates are generally not very competitive compared to other online banks such as Ally. I found the account opening process to be rather strange. After entering all my information online, I had to wait for an email to let me know that the account had been processed. I received the email the n...
by DaveTH
Mon Jan 31, 2011 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best online bank for checking?
Replies: 30
Views: 7439

Hows this compared to the Cap 1 Money market account paying 1.21%?


Money Market accounts are limited to 6 withdrawals per monthly statement period (3 of which can be checks) per Regulation D.
by DaveTH
Sat Jan 29, 2011 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best online bank for checking?
Replies: 30
Views: 7439

Ally Checking is fine for most transactions, but I would not recommend them for doing online bill pay. My experience with their bill pay offering has been a complete disaster. For instance, when I receive a new eBill it shows up multiple times (3 duplicate entries). I've also had problems where a bi...
by DaveTH
Fri Jan 28, 2011 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: I give up on treasurydirect
Replies: 135
Views: 26938

Try one of the following phone numbers. Over the years I've called these various numbers and was always able to resolve whatever issue I was having at the time. They are only available from 8am - 4:30pm EST.

(304) 480-7711
(304) 480-8783
(304) 480-6052
by DaveTH
Mon Jan 17, 2011 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: New Vanguard Statements
Replies: 38
Views: 5121

I have a combined (mutual funds + brokerage) statement. The 12/31 statement contained all mutual fund transactions from the start of the year. However, the brokerage portion only listed transactions for the 4th quarter. Although it did contain a YTD dividend amount. It just seemed odd that Vanguard ...