Search found 23 matches
- Mon Jun 15, 2015 7:20 am
- Forum: Investing - Theory, News & General
- Topic: Fraudulent Charge Debited to Schwab Account
- Replies: 31
- Views: 9377
Re: Fraudulent Charge Debited to Schwab Account
I don't think the ATM advantages are only for International customers either since the fine print states "Schwab One Brokerage accounts" and doesn't mention international. This is correct. I have a Schwab Bank Debit card and the ATM fees are fully refundable both here and abroad (used it in the UK a bunch of times and all fees were refunded on my next statement). As far as the accounts go in general, I've had the best functionality when I have an account of each type (i.e. brokerage, checking, savings). That seems to cover just about everything I want to do. So to the OP I would highly recommend getting a Schwab Bank Checking account and card for daily use just to add another layer for someone to get through if the card # is stol...
- Sun Jul 14, 2013 10:07 am
- Forum: Personal Investments
- Topic: Trusteed IRA Conversion
- Replies: 2
- Views: 637
Re: Trusteed IRA Conversion
Thanks so much for the reply Alan.
Oops on me about the Traditional IRA part given the RMD's. The article was quite useful in at least understanding what kind of arrangement this really is.
I'm just concerned now about large withdrawals from the account (tax wise) when the majority of the balance would be used for future expenses by most of the family.
Oops on me about the Traditional IRA part given the RMD's. The article was quite useful in at least understanding what kind of arrangement this really is.
I'm just concerned now about large withdrawals from the account (tax wise) when the majority of the balance would be used for future expenses by most of the family.
- Sat Jul 13, 2013 2:10 pm
- Forum: Personal Investments
- Topic: Trusteed IRA Conversion
- Replies: 2
- Views: 637
Trusteed IRA Conversion
Hello,
My girlfriend's grandmother passed away recently and left the family an inheritance in the form of a Trusteed IRA through Merril Lynch (BoA). Apparently they have been having a ton of trouble removing assets from the account and in general dealing with BoA and Merril.
I googled around a bit and checked out Merril's website as well as a couple of pages on Wells Fargo and Vanguard and found no-mention of how to deal with these assets.
So then two questions:
1. Can a trusteed IRA be transferred to another institution?
2. Is it possible to convert a Trusteed IRA to a traditional or ROTH IRA?
Thank you!
My girlfriend's grandmother passed away recently and left the family an inheritance in the form of a Trusteed IRA through Merril Lynch (BoA). Apparently they have been having a ton of trouble removing assets from the account and in general dealing with BoA and Merril.
I googled around a bit and checked out Merril's website as well as a couple of pages on Wells Fargo and Vanguard and found no-mention of how to deal with these assets.
So then two questions:
1. Can a trusteed IRA be transferred to another institution?
2. Is it possible to convert a Trusteed IRA to a traditional or ROTH IRA?
Thank you!
- Wed Jun 27, 2012 1:40 pm
- Forum: Investing - Theory, News & General
- Topic: Stockton bankruptcy, VCADX
- Replies: 3
- Views: 2378
Re: Stockton bankruptcy, VCADX
Morningstar Breakdown
This shows you the breakdown of the bonds held in VCADX in terms of GO and other categories. If you want more details of course you can find each individual bond within the fund Here MSRB
This shows you the breakdown of the bonds held in VCADX in terms of GO and other categories. If you want more details of course you can find each individual bond within the fund Here MSRB
- Tue Jun 26, 2012 3:56 pm
- Forum: Personal Consumer Issues
- Topic: What Book Are You Currently Reading? Part V
- Replies: 3372
- Views: 1566031
Re: What Book Are You Currently Reading? Part V
Blink! The Power of Thinking Without Thinking- by Malcolm Gladwell
- Mon Jun 25, 2012 9:58 am
- Forum: Investing - Theory, News & General
- Topic: Mature Bogelheads: What did you wish you knew at 18 or 25?
- Replies: 88
- Views: 11411
Re: Mature Bogelheads: What did you wish you knew at 18 or 2
As a young Boglehead its been great reading all of these responses!
- Mon Jun 11, 2012 9:34 am
- Forum: Investing - Theory, News & General
- Topic: Risk/Return and Young Bogleheads
- Replies: 35
- Views: 4029
Re: Risk/Return and Young Bogleheads
I think SonOfSchwab is a Sheila. Not in the Australian sense, mind you, but in the bobcat2 sense. I think SonOfSchwab is working through questions of risk tolerance despite the capacity for risk. And like Sheila, SonOfSchwab works for a law firm. However, the similarities may end there. :wink: As for me, I really like Vanguard LifeStrategy Moderate Growth Fund with its 60/40 AA. I may never own it, but it is simple and should be effective over the long haul. Exactly correct...and I have to admit I had a good laugh at the Sheila reference. It really is more about the risk tolerance which (thank you bobcat for the differentiation between the two) I am struggling with. I really am more in the Sheila position, no dependents, no spouse, no cc d...
- Wed Jun 06, 2012 8:53 am
- Forum: Investing - Theory, News & General
- Topic: "Schwab could be ETF investors’ new Vanguard" -Marketwatch
- Replies: 52
- Views: 6251
Re: "Schwab could be ETF investors’ new Vanguard" -Marketwat
I'm pretty sure the OP means Mutual Fund.dickenjb wrote:What is MTF?
Also as a Vanguard convert from Schwab, I can say I really like both companies for a lot of the very same reasons...that being said however Vanguards larger array of fund choices and dead simple automatic investing setup really won me over.
I still have a checking, savings and regular brokerage with Schwab and really love their customer service however they have a ways to go in terms of competing with Vanguard in the area of ETF's and Mutual Funds.
- Tue May 29, 2012 10:36 am
- Forum: Investing - Theory, News & General
- Topic: Risk/Return and Young Bogleheads
- Replies: 35
- Views: 4029
Re: Risk/Return and Young Bogleheads
Great responses from all. 2 important pieces I took out of all of them which I found most helpful as a young boglehead. First, nisiprius and others mentioned that without going through a real crisis 2008-2009 its hard to really know your true risk tolerance and behavior in a situation until it happens for real. Perhaps a very clever psychology experiment could come up with better risk assessments especially in terms of financial matters and investments specifically (sorry have to think about it being a psych person). Secondly, the idea of setting your AA and catching up to the age in bonds rule is something I had never considered before. Where the risk balances out over a long time period due to the decreased risk at the beginning and added...
- Fri May 25, 2012 9:43 am
- Forum: Investing - Theory, News & General
- Topic: Risk/Return and Young Bogleheads
- Replies: 35
- Views: 4029
Risk/Return and Young Bogleheads
I've read the recommended books here, read and re-read the wiki and all of the forum posts and I have a good grasp on the whole philosophy around here. I switched from Schwab to Vanguard and chose a single LifeStrategy fund as my main holding. Which was great until I started questioning my AA about a month ago. Now I find myself grappling with the idea of risk, how much is too much, or conversely too low as well. I would consider myself pretty conservative financially speaking for my age (24). I started out with 60/40 and then a month ago switched to 80/20 and have been questioning myself ever since. The reasoning behind the switch was I felt I was missing some of the growth that could have been there if I had a more aggressive AA and looki...
- Sun Apr 29, 2012 7:39 pm
- Forum: Investing - Theory, News & General
- Topic: "The Stock Market Game"
- Replies: 51
- Views: 5819
Re: "The Stock Market Game"
We have an intern at work that came in one day talking about how he was just starting the Stock Market Game in his econ class and was gushing about all of the different companies he was going to buy and what to do with his money.
He asked me what I would do and I said put it all in VTI....he listened and now is in 1st place at the end of the month
He asked me what I would do and I said put it all in VTI....he listened and now is in 1st place at the end of the month
- Wed Feb 22, 2012 2:01 pm
- Forum: Investing - Theory, News & General
- Topic: One Index and One Active fund for next 30 years?
- Replies: 3
- Views: 988
Re: One Index and One Active fund for next 30 years?
+1cldrunner wrote:If you could only buy one index fund and one active fund for the next 30 years for your portfolio what would they be?
My choices:
Vanguard LifeStrategy Moderate Growth Fund (VSMGX)
and
Vanguard Wellington Fund Admiral Shares (VWENX)
- Tue Feb 07, 2012 12:02 pm
- Forum: Investing - Theory, News & General
- Topic: Bogleheads 2012 hedge fund contest
- Replies: 81
- Views: 13174
Re: Bogleheads 2012 hedge fund contest
Thanks for the 1%
Whenever life gets tough SPAM will be there!
Whenever life gets tough SPAM will be there!
- Tue Feb 07, 2012 10:06 am
- Forum: Investing - Theory, News & General
- Topic: Which bank do you use?
- Replies: 71
- Views: 12078
Re: Which bank do you use?
Charles Schwab Bank. Checking and Savings there, wonderful customer service and all of the freebies are great. ATM fee rebates are also a big plus for me as well as international support.
Put deposits into my Schwab Brokerage at a local branch and transfer the money over, quick and easy.
Put deposits into my Schwab Brokerage at a local branch and transfer the money over, quick and easy.
- Fri Dec 30, 2011 2:16 pm
- Forum: Investing - Theory, News & General
- Topic: Bogleheads 2012 hedge fund contest
- Replies: 81
- Views: 13174
Re: Bogleheads 2012 hedge fund contest
SPAM - Shortsighted Pretentious Amazonian Management
Long:
LUV - Southwest Airlines
ATVI - Activision Blizzard
Short:
HPQ - Hewlett Packard
CIM - Chimera Investment Corp
Long:
LUV - Southwest Airlines
ATVI - Activision Blizzard
Short:
HPQ - Hewlett Packard
CIM - Chimera Investment Corp
- Wed Dec 28, 2011 12:09 pm
- Forum: Investing - Theory, News & General
- Topic: Transferring accounts from Schwab to Vanguard?
- Replies: 16
- Views: 2716
Re: Transferring accounts from Schwab to Vanguard?
Hello, Since I went through this process just a few months ago I think I can provide you with some helpful tips. 1. The best way to do this is to just give Vanguard a call, they walk you through the entire process and for the most part do the entire thing for you. 2. For me it took about a month to fully complete the transfer from one account to another. The only tiny holdup is if its from one type of account to another or don't send in the paperwork right away. 3.In-kind transfer is possible if the matching funds are available through Vanguard, however most are not and since you seem like you would like to switch to a Vanguard fund anyway I would suggest letting Vanguard transfer the assets over then liquidate them and move them into the f...
- Fri Oct 07, 2011 10:08 am
- Forum: Investing - Theory, News & General
- Topic: For the 20 somethings...
- Replies: 25
- Views: 3531
I understand what you mean, as a 20-something and someone whos been investing since I was 18, it all gets confusing and overwhelming at times. Even though I love learning about new products and researching the hell out of weird and new ETF's I realized that I neither have the time nor desire to tinker with my investments.
After talking with an uncle who is a successful person and retired at 45 as well as the wealth of knowledge and simple life lessons from the people on this forum I decided to just pick a single fund that worked for me and my AA and set my monthly contributions and focus on living.
After talking with an uncle who is a successful person and retired at 45 as well as the wealth of knowledge and simple life lessons from the people on this forum I decided to just pick a single fund that worked for me and my AA and set my monthly contributions and focus on living.
- Wed Oct 05, 2011 10:26 am
- Forum: Investing - Theory, News & General
- Topic: The New Life Strategy Funds
- Replies: 4
- Views: 1498
- Fri Jul 08, 2011 12:22 pm
- Forum: Personal Investments
- Topic: compare bond funds
- Replies: 3
- Views: 1305
- Mon May 16, 2011 10:04 am
- Forum: Personal Investments
- Topic: Portfolio Confusion
- Replies: 14
- Views: 2464
- Fri May 13, 2011 6:06 pm
- Forum: Personal Investments
- Topic: Portfolio Confusion
- Replies: 14
- Views: 2464
- Fri May 13, 2011 5:07 pm
- Forum: Personal Investments
- Topic: Portfolio Confusion
- Replies: 14
- Views: 2464
The 2040 Fund doesnt hold that significant of positions in either Schwab Inflation Protected 0.78 SWRSX or Laudus Mondrian Emerging Markets Instl 3.38 LEMNX
YDNAL, I had considered that as I really don't like many of the underlying funds that SWERX carries, especially some of the Laudus funds are just awful, and some of the Schwab equity ones are equally as bad in many terms. If I did go down that route, would I keep the TIPS and Emerging Mkts Fund then?
Taylor, thank you also, I like the simplistic approach but looking at the expense ratio comparison with Vanguard, Its hard to see why there is that big of gap between them.
As for commodity, the only one I found which was even close to my desire was DBC at 0.85%
YDNAL, I had considered that as I really don't like many of the underlying funds that SWERX carries, especially some of the Laudus funds are just awful, and some of the Schwab equity ones are equally as bad in many terms. If I did go down that route, would I keep the TIPS and Emerging Mkts Fund then?
Taylor, thank you also, I like the simplistic approach but looking at the expense ratio comparison with Vanguard, Its hard to see why there is that big of gap between them.
As for commodity, the only one I found which was even close to my desire was DBC at 0.85%
- Fri May 13, 2011 12:34 pm
- Forum: Personal Investments
- Topic: Portfolio Confusion
- Replies: 14
- Views: 2464
Portfolio Confusion
Hello, I've been reading through the forum quite a bit and gathered up a ton of information, so thank for for all the insights and ideas. I have been an individual investor since I was 18 (currently 23), and have dabbled in stocks, bonds, mutual funds and etfs over my short time. I have done all of it on my own and made mistakes like everyone. My current situation which is prompting this post is I now have had a full time well paying job for the past few months and can finally afford to fully fund my retirement account, but am getting overwhelmed on the funds, and approach to take. My employer has a 401(k) but with no matching so I max out my personal Roth IRA through Schwab each month. Current balance is around $4K Current Allocation: Targ...