Search found 23 matches

by SonOfSchwab
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...
by SonOfSchwab
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.
by SonOfSchwab
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!
by SonOfSchwab
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
by SonOfSchwab
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
by SonOfSchwab
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! :beer
by SonOfSchwab
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...
by SonOfSchwab
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

dickenjb wrote:What is MTF?
I'm pretty sure the OP means Mutual Fund.

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.
by SonOfSchwab
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...
by SonOfSchwab
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...
by SonOfSchwab
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 :happy
by SonOfSchwab
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?

cldrunner 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)
+1
by SonOfSchwab
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% :beer

Whenever life gets tough SPAM will be there!
by SonOfSchwab
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.
by SonOfSchwab
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
by SonOfSchwab
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...
by SonOfSchwab
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.
by SonOfSchwab
Wed Oct 05, 2011 10:26 am
Forum: Investing - Theory, News & General
Topic: The New Life Strategy Funds
Replies: 4
Views: 1498

Great article, and really happy I switched to Vanguard and in particular chose a LifeStrategy Fund to be my main holding.
by SonOfSchwab
Fri Jul 08, 2011 12:22 pm
Forum: Personal Investments
Topic: compare bond funds
Replies: 3
Views: 1305

They are two different animals really.

LSBRX - Foreign and Domestic exposure where VWESX is almost 90% US bonds, also it contains corporate bonds where the majority of LSBRX is gov't issued.

Overall if you had to choose I'd go with VWESX as the .94% ER on LSBRX is brutal.
by SonOfSchwab
Mon May 16, 2011 10:04 am
Forum: Personal Investments
Topic: Portfolio Confusion
Replies: 14
Views: 2464

Sorry for the delay I was out of town.

Here are the funds open to me in my 401k

AABDX .61%
RAFXX .36%
AUSAX 1.03%
FARCX 1.02%
PNRZX .91%
RCCSX 1.41%
GSMCX .79%
TGBAX .69%
REMSX 1.54%
RINSX .93%
TRBCX .81%
by SonOfSchwab
Fri May 13, 2011 6:06 pm
Forum: Personal Investments
Topic: Portfolio Confusion
Replies: 14
Views: 2464

I don't have any funds in the 401k, the funds my company offers are complete garbage, I work for a small law firm.
by SonOfSchwab
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%
by SonOfSchwab
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...