Search found 48 matches

by CompareContrast
Sat Jun 27, 2020 5:11 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Re: Best Hub Bank

A yubikey @Vanguard does offer additional value even with forced sms fallback; in a phishing scenario (assuming ssl certs weren't compromised) the yubikey would not authenticate to the fake site; you would be presumably prompted for sms fallback, but now have a warning flag of the yubikey not worki...
by CompareContrast
Fri Jun 26, 2020 7:05 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Re: Best Hub Bank

Ok, here's the list of banks offering two factor authentication . As far as I can tell, the only high yield bank offering the "Hardware token" or "Software token" option is Capital One 360. (Corrections welcome.) I looked at that list and it does not indicate that Capital One 36...
by CompareContrast
Fri Jun 26, 2020 4:00 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Re: Best Hub Bank

And now for a USAA FYI/PSA: USAA asked for my net worth and income: potential customers should know that they interpret federal law rather broadly. I'll walk through the messages I received from them: Action Required You have 3 more times to answer the required questions before mobile and online acc...
by CompareContrast
Fri Jun 26, 2020 3:53 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Re: Best Hub Bank

I ended up choosing TIAA, FWIW. They've been ok, though their website feels a little primitive. I am resurrecting this thread to add comments on Capital One and USAA. Capital One deserves a 2nd look. I'll start with their disadvantages : Capital One has a nasty habit of creating a new type of accoun...
by CompareContrast
Mon Apr 27, 2020 1:58 pm
Forum: Personal Investments
Topic: could this be a problem with Ally online savings accts?
Replies: 14
Views: 2681

Re: could this be a problem with Ally online savings accts?

Could I get some feedback if the following could be problematic...... I was planning to move cash holdings from Vanguard's prime Money market fund (VMMXX) to an ally online savings acct. This move is based on seeking FDIC insurance on cash holdings during these uncertain times. There's no reason to...
by CompareContrast
Sun Apr 26, 2020 5:36 pm
Forum: Personal Investments
Topic: Is there a maximum one should keep at one brokerage firm?
Replies: 25
Views: 1790

Re: Is there a maximum one should keep at one brokerage firm?

During the early 1970s, certain brokerages went bankrupt - weak back office work meant that some of their clients lost money. The SIPC was formed to protect against such a recurrence. They don't protect against market fluctuation - they protect against a bad or bankrupt broker that isn't clear on wh...
by CompareContrast
Sun Apr 26, 2020 4:30 pm
Forum: Personal Investments
Topic: could this be a problem with Ally online savings accts?
Replies: 14
Views: 2681

Re: could this be a problem with Ally online savings accts?

Judging from your article, Ally doesn't have an insider trading problem. The SEC issues reports on insiders (eg members of the Board of Directors) buying and selling stock all the time. If anything, it's encouraging that insiders are buying Ally rather than selling it. The problem arises when inside...
by CompareContrast
Sun Apr 26, 2020 4:20 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Re: Best Hub Bank

If you want an online bank with a high rate, the go-to place is bankrate.com. Depositaccounts.com is also good. Here, I'm looking for a competitive rate alongside good customer service. In the next exercise, I take Consumer Report's rating for online banks, and add columns for current savings rates ...
by CompareContrast
Sun Apr 26, 2020 3:56 pm
Forum: Personal Investments
Topic: Stop me from buying individual stocks...
Replies: 27
Views: 2240

Re: Stop me from buying individual stocks...

Do you know more about these companies than the analysts and hedge funds that spend 40+ hours a week digging into all of the data on these companies and setting a price? Do you have knowledge that others don't why you believe these are a good buy at this time? I can recognize that I don't know anyt...
by CompareContrast
Sun Apr 19, 2020 3:39 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Re: Best Hub Bank

What are you looking for out of a bank? Customers service? High yield savings? ACH transfer times? Branches? What's important to you? Simple questions are the best, but often not easy to answer. I imagine a high rate account (not necessarily highest rate account) with low aggravation. Ally would ea...
by CompareContrast
Sat Apr 18, 2020 6:17 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Re: Best Hub Bank

I love my Fidelity CMA account. Technically it's a brokerage, but same feature set as a bank, and the default sweep the money will be transferred to/through is an FDIC insured bank, or a series of them to ensure even high dollar amounts (up to $1.25 mil) won't go over the FDIC limit at any one bank...
by CompareContrast
Sat Apr 18, 2020 4:47 pm
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 8988

Best Hub Bank

A hub bank links to a set of bank accounts as well as various other sundry financial institutions. Here's an article from depositaccounts listing good features of a hub bank. (I disagree with #3 - I don't want links to be too easy to set up, and even #7 - hold times can protect your funds.) 1. I am ...
by CompareContrast
Sat Apr 18, 2020 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Good Bank to use for Commercial purposes
Replies: 13
Views: 716

Re: Good Bank to use for Commercial purposes

I've been using Wells Fargo for my commercial banking needs and have been disappointed. Does anyone have any recommendations for a good commercial bank in Texas? I keep about 250K in the checking account of the commercial bank for operating expenses. Thanks in advance! Someone on Reddit suggested F...
by CompareContrast
Sun Mar 08, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a program that makes Gift Tax returns (709s) easy?
Replies: 12
Views: 11316

Re: Is there a program that makes Gift Tax returns (709s) easy?

I just filled out my first 709. I have some tips. I am neither a lawyer nor any kind of tax professional. 1. Print out the instructions. Print out 2 copies of the form: you will need 1 pencil copy while figuring it out. 2. Number the pages of the 709 in pencil, because the IRS did not. You will be s...
by CompareContrast
Sun Mar 08, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Gift tax form 709
Replies: 3
Views: 305

Re: Gift tax form 709

The 11.4 million dollar limit is a combined one for gift and estate purposes. (In addition, you can give up to $15,000 to a single person per year without using any of your lifetime exemption). There's a sunset clause: after 2025, the 11.4 million shifts down to $5.49 million, unless congress extend...
by CompareContrast
Tue May 28, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 11172

Re: USAA getting out of mutual fund biz

Letter from USAA dated May 20, 2019: "As we prepare for the transition with Victory Capital, the Transfer Funds capability on usaa.com and mobile will no longer be available for mutual fund accounts ." So those who link their money market account (MMF) to their checking account are out of ...
by CompareContrast
Wed Apr 10, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for Climate Change
Replies: 15
Views: 1260

Re: Preparing for Climate Change

A few years ago I poked around the web looking for REITs covering non-coastal areas. But I didn't get very far with my project. I also persuaded an elderly relative to ease up on the oil stocks, which were paying an attractive yield at the time. Partial swap into S&P 500.
by CompareContrast
Wed Apr 10, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 11172

Re: USAA getting out of mutual fund biz

USAA is owned by its members. So they don't have outside investors to answer to. If USAA didn't think investments were a good fit for them, they could have outsourced to a low fee vendor like TIAA or -wait for it- Vanguard. Instead they sold the unit to Victory Capital. No word on what they plan to ...
by CompareContrast
Sun Dec 31, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Best newsletters/info sources on taxes
Replies: 4
Views: 500

Best newsletters/info sources on taxes

The tax law signed by the President on Dec 22, 2017 is likely to be riddled with loopholes , making tax planning more remunerative than in the past. What are the best information sources and/or newsletters on US taxes? I know JK Lasser has a newsletter, but I've never looked at it. The New York Time...
by CompareContrast
Fri Mar 21, 2014 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA custodian
Replies: 54
Views: 26036

Re: Best HSA custodian

HSA Bank's fee schedule lists a $2.50/month and $3.00/month fee. Both are noted as being waived by the minimum balance. I wonder if that's an editing error, or if there really are two seemingly identical purpose fees. I have an HSA with SelectAccount. They pay 0.10% APY, require a minimum cash bala...
by CompareContrast
Sun Nov 28, 2010 7:11 pm
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Well, better hoovering pennies than taking scalps... Like many brokerages, FolioFN receives "Payments for order flow" from their market makers. Some portion of that 3, 7 or 11 basis point differential can be explained by ordinary market movements after the 11AM opening of the window. So it...
by CompareContrast
Sat Nov 27, 2010 11:49 pm
Forum: Investing - Theory, News & General
Topic: I finally found a real investment and it's not index funds
Replies: 39
Views: 6421

Well, if you're inclined to play the slots, remember that the machine with the best odds in the house is one that is hardly ever played.

.


.



.




...that would be the change machine. :wink:
by CompareContrast
Sat Nov 27, 2010 10:45 pm
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Googling message boards, it seems that one poster had his account compromised at Foliofn: http://www.portfolio123.com/mvnforum/viewthread?thread=4223&offset=0 Hackers ordered trades for an illiquid stock -- a variant of the pump and dump scheme. The SEC and SIPC didn't make person whole. The top...
by CompareContrast
Sun Nov 21, 2010 9:10 pm
Forum: Personal Investments
Topic: The Money Show (aargh!)
Replies: 32
Views: 10121

There's another angle that consumers of the financial media should be aware of. Once you've dispensed the best investment advice, there's not a lot to talk about. To wit: Choose a balanced mix of stocks, bonds and possibly international exposure. Choose a low cost index fund. That would be Vanguard,...
by CompareContrast
Fri Nov 19, 2010 6:35 pm
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Wells Fargo indeed seems like an excellent choice for ETF trading. Incidentally, I asked for brokerage materials at my local WF branch, and they told me to go online. It seems that their business units are separate, which I find reassuring. ---------------------------------- I initially wondered whe...
by CompareContrast
Thu Oct 28, 2010 1:48 am
Forum: Personal Investments
Topic: Fragility of Virtual Ownership
Replies: 46
Views: 6282

I've wondered about this. In the early 1970s a number of brokers went bankrupt -- and their clients lost money because of poor record keeping. After that the SIPC was born. Since then, they have typically (though not always) had to kick in money due to either fraud or irregularities in the records w...
by CompareContrast
Tue Oct 26, 2010 10:17 pm
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

My research was entirely with google. I trust I missed quite a few brokers. I encourage everyone to post their faves. (I have no business relationship with FOLIOfn.) I used to bank with WF and left due to customer service issues. I see that their standard charge per trade is $20 per stock or ETF -- ...
by CompareContrast
Mon Oct 25, 2010 12:57 am
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Execution I found some discussion of execution from the mid 1990s: unfortunately it is somewhat out of date given subsequent SEC rule making. Big institutional funds apply Transaction Cost Analysis, but as far as I can tell execution is impossible for the retail investor to evaluate well. I could m...
by CompareContrast
Sun Oct 24, 2010 7:18 pm
Forum: Personal Investments
Topic: Anyone want to try and talk me out of buying savings bonds?
Replies: 52
Views: 8152

Remember that savings bonds are not vanilla bonds: they are actually more complicated. If interest rates decline, you can't sell your savings bonds at a premium, unlike ordinary bonds. But if interest rates increase, you can sell your savings bonds at par, I think after 5? years. So savings bonds ha...
by CompareContrast
Sat Oct 23, 2010 10:03 pm
Forum: Investing - Theory, News & General
Topic: Tax-managed funds a mistake?
Replies: 23
Views: 7160

I agree with the OP. I'll also note that the Total Stock Index Fund currently has an expense ratio of .0009, while the Tax Managed Growth and Income fund has an ER of .0015. This amounts to $60 per year on each $100,000. The gap jumped up in 2009. From 2005-2008 the difference between the two funds'...
by CompareContrast
Sat Oct 23, 2010 12:59 am
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

For reference and comparison here's a roundup of commission-free ETF trading : Vanguard ETFs: free at Vanguard If you buy and sell the same Vanguard ETF in a Vanguard Brokerage account more than 25 times in a 12-month period, you may be restricted from purchasing that Vanguard ETF through your Vangu...
by CompareContrast
Sat Oct 23, 2010 12:46 am
Forum: Personal Investments
Topic: Help with Starting Socially Responsible Investment
Replies: 57
Views: 6417

My son has a Roth IRA invested in CREF Social Choice. ER is .41 and the asset allocation is 60% stocks and 40% bonds. It's a decent choice for a social fund. http://www.tiaa-cref.org/public/performance/retirement/profiles/1005.html According to the yahoo article that another poster linked to, Vangu...
by CompareContrast
Tue Oct 19, 2010 9:58 pm
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Why would any Boglehead be interested in trading anything? Seems that FolioFN only encourages trading. 100 different portfolios. Sigh..... This forum promotes holding, not trading. I'm not sure I was clear so... Folio investing is consistent with a long term buy and hold strategy. You can buy a bun...
by CompareContrast
Tue Oct 19, 2010 1:29 am
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

I hope to evaluate execution with greater rigor later. FolioFN claimed that they might be able to achieve better execution in certain circumstances, but I am somewhat dubious. pkcrafter asks a great question and receives a great response by dbonnett . Whatever happens, most of my assets will be ensc...
by CompareContrast
Tue Oct 19, 2010 1:07 am
Forum: Personal Investments
Topic: Does this make sense - buying a money market fund now?
Replies: 8
Views: 2230

Well the PE ratio on the S&P500 is now 17.53, which isn't off the charts, especially considering that interest rates are near rock-bottom. So I'd jump into the Target Fund immediately. But if you're keen on a money fund: ...there are a lot of FDIC insured bank accounts that currently pay better ...
by CompareContrast
Sun Oct 17, 2010 6:01 pm
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Thanks for your discussion, cessna. My figures suggest that FolioFN can beat even top index funds if the principle exceeds $500,000. So is this a no-brainer for pension funds? There are lots of things to consider, but here I'd like to touch upon SIPC limits. SIPC protects you if your brokerage goes ...
by CompareContrast
Sun Oct 17, 2010 5:30 pm
Forum: Investing - Theory, News & General
Topic: What Now For High Value Vanguard Investors
Replies: 100
Views: 17582

Right then. From 2005 to 2008 expense ratios for the Admiral Tax Managed Growth and Income Fund were exactly 0.10% (expect in 2007 when they were exactly 0.09%). In 2009 they rose to exactly 0.15%. In 2010 Admiral shares were made available to those with assets above $10,000, down from $100,000, rou...
by CompareContrast
Sat Oct 16, 2010 1:23 am
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

This is interesting. I could ask FolioFN managament how long they typically take to execute trades, then at least work out the trading range during that hour or whatever. (And report back.) Bookmark this conversation and use Billpay to fund your account. Ok, we're bookmarked. :D When you say "U...
by CompareContrast
Sat Oct 16, 2010 1:00 am
Forum: Investing - Theory, News & General
Topic: What Now For High Value Vanguard Investors
Replies: 100
Views: 17582

Preliminary only, TBC...

[...] That's ok, but I should like to take a closer look at Vanguard's operations. Have expenses as a share of total assets under management increased? Uhhh.... Knock knock. Who's there? Prospectus. They put all this information out there for everyone to read every year, sometimes with quarterly up...
by CompareContrast
Fri Oct 15, 2010 1:56 am
Forum: Investing - Theory, News & General
Topic: What Now For High Value Vanguard Investors
Replies: 100
Views: 17582

As I wrote in another thread, I confess to some unease. Expense ratios for the Admiral Tax Managed Growth and Income Fund were 0.10% from 2005-2008. In 2009 they jumped up to 0.15% and remained there. Now they're lowering the cutoff from $100,000 to $10,000. That's ok, but I should like to take a cl...
by CompareContrast
Fri Oct 15, 2010 1:17 am
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

DSimmons : That said, FolioFN isn't designed for day trading: their free market trades operate with 2x times a day trading windows. And for thinly traded stocks -such as single-country ETFs- I suspect they have poor executions. Their concept is that you can purchase a big basket of stocks all at on...
by CompareContrast
Fri Oct 15, 2010 12:33 am
Forum: Personal Investments
Topic: Conversion from Investor Shares to Admiral Shares
Replies: 51
Views: 20002

Just asking.

I confess to some unease. Expense ratios for the Admiral Tax Managed Growth and Income Fund were 0.10% from 2005-2008. In 2009 they jumped up to 0.15% and remained there. Now they're lowering the cutoff from $100,000 to $10,000. That's ok, but I should like to take a closer look at Vanguard's operat...
by CompareContrast
Thu Oct 14, 2010 12:09 am
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Indeed, I see that Schwab, Ameritrade, Fidelity and Vanguard have programs for commission free trading of ETFs, although details vary and there appear to be some limitations: http://etf.about.com/b/2010/05/05/trade-etfs-for-free.htm I should look into that. I can see a couple of possible advantages ...
by CompareContrast
Tue Oct 12, 2010 9:06 pm
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

I had worried about buying lightly traded ETFs via FOLIOfn: I'm not surprised there were some poor executions. Management claims that some of their executions can be superior since they pool all their trades at once and match buyers to sellers internally without charging a spread. But for thinly tra...
by CompareContrast
Tue Oct 12, 2010 8:48 pm
Forum: Personal Investments
Topic: Best place to park money for emergencies apart from MM?
Replies: 13
Views: 3287

Note that FDIC protection is up to $250,000 per account now. The best banks pay more than money market funds and CDs currently beat Vanguard's Short Term bond fund. American Express Bank and Discover Bank have online savings accounts currently paying more than 1.20%. Bankrate. com lists top rates fo...
by CompareContrast
Tue Oct 12, 2010 2:28 am
Forum: Personal Investments
Topic: Experiences with FOLIOfn?
Replies: 39
Views: 14076

Experiences with FOLIOfn?

I'm considering supplementing my Vanguard accounts with FOLIOfn. The brokerage charges a fixed $299 yearly fee and permits unlimited market trades: you can build your own mutual fund. Competitors include Sharebuilder and LongTermBuyAndHold, but these other 2 operations don't emphasize the possibilit...
by CompareContrast
Sat Oct 02, 2010 12:47 am
Forum: Investing - Theory, News & General
Topic: Oh, Canada - Why Doesn't Vanguard Have a Fund for You?
Replies: 58
Views: 11458

Assuming that you're not located in Canada and don't have a specific interest in Canada (e.g. you plan to retire in Canada) perhaps you can explain why you feel you need or want to invest in Canada? I for one would love it if Vanguard started up a set of single-country index funds. Alas, iShares/Bl...
by CompareContrast
Sun Sep 05, 2010 9:33 pm
Forum: Investing - Theory, News & General
Topic: 10 year TIPS reopening 9/2
Replies: 20
Views: 3576

I like TIPS and have invested in them in the past. (Buying any treasury in the midst of a deep recession gives me cold feet though, for better or worse, as I would expect higher interest rates in a couple of years). That said, you might want to review the tax issues: investing in TIPS involves mucki...