Search found 61 matches

by bawr
Tue Jul 31, 2018 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2778

Re: Schwab Intelligent Portfolios (2 months in)

SIP currently pays 0.52% interest on cash, while the Vanguard money market fund VMMXX currently yields 2.06%. Schwab is making over 150 bp risk free profit on the cash portion of the portfolio, while at the same time charging a weighted average of slightly above 18 bp on the ETF portion. This adds ...
by bawr
Mon Jul 30, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2778

Re: Schwab Intelligent Portfolios (2 months in)

Schwab making money off the cash (as well as making money off the ER of the funds it puts in SIP) is not the point as it's not cash drag. Focusing only on the cash shows no understanding of the fixed income portion of SIP and modern portfolio construction. I pointed this out already in my post with...
by bawr
Wed Jul 25, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 45
Views: 8056

Re: Fidelity Private Client Group

One PCG benefit I like and use is free domestic wire transfers.

Another potentially useful one is the waiver of minimum balance requirements for certain mutual funds.
by bawr
Wed Jun 27, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: How many months of living expenses would you keep in your bank.
Replies: 61
Views: 4350

Re: How many months of living expenses would you keep in your bank.

Checking: approx. one year.
Other account: approx. four years.
by bawr
Fri May 04, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Bill Pay
Replies: 3
Views: 613

Re: Brokerage Bill Pay

I have been using Fidelity's Bill Pay for many years, without any issues. Brokers won't sell your holdings to meet bill pay debits, but will lend you on margin, if you have a margin account and adequate collateral. An exception to this (at Fidelity, at least) is purchased money market funds (as oppo...
by bawr
Fri Apr 20, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 12331

Re: Wanting to leave Fidelity

I don't know where you saw $1M. It's 100k minimum . And I could swear that when I bought it last year the minimum was only 10k in an IRA, but I don't see that separate minimum listed now. The minimum for IRAs is still $10,000. The information is listed here: https://fundresearch.fidelity.com/mutual...
by bawr
Fri Apr 20, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 12331

Re: Wanting to leave Fidelity

student wrote:
Fri Apr 20, 2018 8:00 am
FZDXX has a 1 million dollars minimum. Am I missing something?
The initial purchase minimum for FZDXX is actually only $100,000. The balance may drop below that level after the initial purchase.

There is also SPRXX, with an initial purchase minimum of $2,500, and a current yield of 1.65%.
by bawr
Thu Apr 19, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 12331

Re: Wanting to leave Fidelity

I like the concept of using Fidelity for checking. Problem is I currently receive 1% interest on checking at Capital One 360, and I don't think Fidelity pays anything, do they? FDIC insured deposits below $100k in Fidelity's Cash Management Account currently earn 0.19%. Whenever there is a meaningf...
by bawr
Wed Feb 14, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawable cash in brokerage account
Replies: 9
Views: 1584

Re: Withdrawable cash in brokerage account

Thanks. Will look into it. Another thing I found after transferring my positions from Etrade to IB is they have different maintenance margin requirements. At least with the assets I own IB's maintenance margin requirement is lower, 30% in Etrade vs. 25% in IB for one particular stock. This is on to...
by bawr
Thu Feb 08, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Relearning Calculus
Replies: 81
Views: 7449

Re: Relearning Calculus

The two volume Apostol calculus book mentioned by others is quite good.

Another, more advanced book is Principles of Mathematical Analysis by Walter Rudin. It has been used as a text for UC Berkeley's introductory analysis course for undergraduates (Math 104) for a long time.
by bawr
Sun Dec 24, 2017 3:46 am
Forum: Investing - Theory, News & General
Topic: Bitcoin: food for thought
Replies: 53
Views: 5508

Re: Bitcoin: food for thought

One definition of a Ponzi scheme is: A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Ope...
by bawr
Tue Dec 05, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 10063

Re: Want to sell my Bitcoin, but when?

I bought about $7000 worth of Bitcoin and Ethereum in July as an experiment and learning process. Well, it is now worth about $21,000. ... coalcracker, Don't forget that, depending on how you are holding your bitcoins, you may be entitled to one Bitcoin Cash and one Bitcoin Gold token for each BTC ...
by bawr
Thu Nov 30, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Rental Car Insurance
Replies: 13
Views: 1621

Re: Chase Freedom Rental Car Insurance

Some time ago, I rented a car with an SPG Amex card, which has secondary loss and damage coverage, like the Chase card mentioned above appears to have. I damaged the car and had to file a claim with Amex. As I had no other policy to cover the damage, Amex's coverage kicked in. Amex paid the car rent...
by bawr
Thu Nov 30, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 29686

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Voland wrote:
Thu Nov 30, 2017 2:55 pm
Bitcoin (without modifications to the code) will never be used in commerce due to extremely low transaction limit.
Not so. Scaling solutions designed to run on top of Bitcoin are being developed:

https://lightning.network
by bawr
Wed Nov 29, 2017 10:40 pm
Forum: Investing - Theory, News & General
Topic: Tracking the Bitcoin Bubble in Real Time?
Replies: 70
Views: 6483

Re: Tracking the Bitcoin Bubble in Real Time?

Bitcoin is limited to something like 500,000 transactions per day. Globally. This is a function of the block size and the rate at which blocks are created. Both of the block size and rate are built into the design of the system. If Bitcoin has any degree of popularity transactions will be a scarce ...
by bawr
Wed Nov 29, 2017 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: High Yield Funds at Fidelity
Replies: 10
Views: 2027

Re: High Yield Funds at Fidelity

I currently have my "cash" at Fidelity in a blend of the following funds: FZDXX Fidelity Money Market Fund Premium Class. SEC yield: 1.12% FFRHX Fidelity Floating Rate High Income Fund. SEC yield: 3.46%. Duration: 0.22 years PSHDX PIMCO Short-Term Fund Class D. SEC yield: 1.54%. Duration: 0.00 years...
by bawr
Mon Oct 09, 2017 2:49 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 7805

Re: Does anyone hold cash?

30sep16 wrote:
Mon Oct 09, 2017 12:23 am
92.5% cash
7.5% bitcoin

A barbell portfolio. Up 27% for the year.

My 7.5% allocation to Bitcoin is up 360%. I rebalance the profits off the Bitcoin every 4 to 8 weeks. It can crash to zero, but I've made that 7.5% several times over so I'm still way ahead of that were to happen.
Very nice.
by bawr
Sat Oct 07, 2017 4:42 am
Forum: Investing - Theory, News & General
Topic: Does anyone hold cash?
Replies: 58
Views: 7805

Re: Does anyone hold cash?

I keep over three years' living expenses in cash. This is currently 1.4% of my investment portfolio.
by bawr
Tue Sep 12, 2017 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 9570

Re: Fidelity Security

I was dismayed to discover recently that the Fidelity's Active Trader Pro software bypasses the Symantec VIP two factor authentication system. A simple username and password is all you need to log into your account when using ATP.
by bawr
Thu Jun 01, 2017 7:13 pm
Forum: Personal Consumer Issues
Topic: Fidelity 2000 'bonus points'
Replies: 32
Views: 5243

Re: Fidelity 2000 'bonus points'

Got the same offer for $500 of spending by July 31.
by bawr
Mon May 08, 2017 3:36 am
Forum: Investing - Help with Personal Investments
Topic: Does Magic Formula works or ever worked for you?
Replies: 39
Views: 13143

Re: Does Magic Formula works or ever worked for you?

I use a variation of the magic formula with some additional filters (*) to reduce the probability of accounting fraud and bankruptcies. It works. I am researching yet another variation which is intended to improve the quality factor in the strategy. I don't have any longer term results to report yet...
by bawr
Sat Feb 11, 2017 3:08 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to FTEXX for Fidelity Brokerage Account
Replies: 10
Views: 3092

Re: Alternative to FTEXX for Fidelity Brokerage Account

Second question, this thread talks about FSLXX but I can't seem to find that fund on Fidelity's page. What am I missing? I can see the fund on Google Finance etc., and my balance at Fidelity Brokerage should get me over any thresholds. I believe FSLXX was eliminated as a consequence of the new regu...
by bawr
Sun Jul 31, 2016 11:12 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

Fair enough I can understand that. It would be interesting for you to update this thread periodically with your trades. I have had only two trades so far this year. I bought Fuji Heavy Industries (-8% return, so far) and Scripps Networks Interactive (+23%) in January. My next trade will most likely...
by bawr
Sun Jul 31, 2016 8:03 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

So if individually picking small value stocks beats the S&P by a ridiculous margin, but your results aren't statistically significant (I assume you mean a statistically significant difference from the index), then why are you spending "substantial time and effort"? The difference from the index has...
by bawr
Sun Jul 31, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

I think LAlearning meant do you have proof that you did it. Evidence that you did it would work. My record isn't long enough, and doesn't contain enough trades, to be statistically significant on its own. Interested parties would find it more beneficial to study the track records of successful long...
by bawr
Sun Jul 31, 2016 4:16 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

Check this out...It has all the filters you mentioned for free...Not sure how accurate or good this site is yet...Look at it and tell me if its accurate and compared to your paid service site. http://www.unclestock.com/ I have tried the Uncle Stock site in the past and found it to be buggy and its ...
by bawr
Sun Jul 31, 2016 3:52 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

This thread reassures me that index investing is the way forward in the long term because there will always be a significant majority who refuse to believe they can't outperform the market. All you need is somebody, as above, to post how ridiculously they can outperform the market and hey presto ev...
by bawr
Sun Jul 31, 2016 1:54 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

LAlearning wrote: Do you have proof?
"Proof" is relevant in the fields of mathematics and alcoholic beverages. For everything else, there is "evidence".

There is much academic research that shows the outperformance of value (and momentum) strategies. See alphaarchitect.com for references.
by bawr
Sun Jul 31, 2016 1:37 am
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

What does valuesignals offer that you can get for free elsewhere? It has global coverage, and comes pre-configured with filters such as the Beneish M-score, the Piotroski F-score, the Altman Z-score, etc. GuruFocus has similar features, but is much more expensive. I don't know of any free service w...
by bawr
Sat Jul 30, 2016 8:00 pm
Forum: Investing - Theory, News & General
Topic: Stock Screeners
Replies: 68
Views: 6025

Re: Stock Screeners

I use the paid service at valuesignals.com as my initial screener and then perform additional analysis using the free services of gurufocus.com and morningstar.com. I mainly invest in individual stocks, with an emphasis on smaller value stocks. Over the past 13 years, this approach has beaten a pass...
by bawr
Sat Jul 02, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 14432

Re: Fidelity 2% CC or Citi double cash card?

The Fidelity Visa card has a 1% foreign transaction fee, versus 3% for the Citi Double Cash.

The Citi card has Chip + online PIN as its third priority CVM. If the Fidelity card is like other US Bank issued card, it would not have any kind of Chip + PIN capability.
by bawr
Fri Jul 01, 2016 3:45 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut the cord?
Replies: 244
Views: 27756

Re: How many of you have cut cord?

I haven't had a TV since 2001.
by bawr
Wed May 18, 2016 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 60
Views: 16796

Re: Anyone use Fidelity as their bank account?

He also mentioned that overnite - the debit card will not work for 1-2 hours because of the processing updates - I believe it has to do with the nightly sweep of the money from Fidelity into the underlying FDIC Banks. Kenster1, Thanks for the interesting information. Did the rep mention if the over...
by bawr
Sat May 14, 2016 10:51 am
Forum: Investing - Help with Personal Investments
Topic: The Intelligent Investor
Replies: 14
Views: 2657

Re: The Intelligent Investor

Does anyone know if this is a good book that falls in line with boglehead thinking? Grahams advice for what he describes as the "Defensive Investor" is very much aligned with the Boglehead philosophy. He prescribes an entirely different course of action for the "Enterprising Investor", however. Fro...
by bawr
Sat May 14, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios
Replies: 18
Views: 3531

Re: Schwab Intelligent Portfolios

I think you can remove 3 ETFs from the portfolio so that will take care of at least the commodities and two of the four fundamental index funds. You can remove specific ETFs, but not asset classes, so what you are suggesting won't work. Schwab will simply replace the removed ETFs with other, simila...
by bawr
Thu Mar 03, 2016 1:42 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1608

Re: Need a new brokerage -- global, good executions, low fees

I'm about to place my first order at IB for $1,400 (10k shares at $0.14/share). The commission is going to be $7. Not bad. But if it were a $14,000 order it would be $70. boglerocks, Just for fun, I just created a dummy buy order for 10,000 shares of GLBS, which closed at $0.14 and trades on NASDAQ...
by bawr
Wed Mar 02, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: Need a new brokerage -- global, good executions, low fees
Replies: 11
Views: 1608

Re: Need a new brokerage -- global, good executions, low fees

Interactive Brokers are by far the best brokers I have ever used. They are in a class by themselves. The system is very logical and well documented, so there is seldom any need to interact with IB's customer service. (In three years, I have contacted customer service twice, once by phone and once vi...
by bawr
Sun Feb 28, 2016 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management vs Schwab Bank
Replies: 28
Views: 11666

Re: Fidelity Cash Management vs Schwab Bank

The problem with both Fidelity and Schwab is the ability for the Checking/Cash account to dip into the Brokerage side of the fence - however that can be setup so that the checking/debit banking side can't tap into the brokerage side for say overdraft protection. My Schwab checking account has a sep...
by bawr
Sat Jan 02, 2016 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)
Replies: 36
Views: 11417

Re: Turbo Tax Premier 2015 Free @ Fidelity (premium customers)

HopeToGolf,

Thank you for this information. I was able to download a free copy of TurboTax Premier via the link to Intuit under "Guidance & Retirement --> Taxes" on fidelity.com. (My account is designated "Private Client".)
by bawr
Sat Sep 12, 2015 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Over the Counter Shares
Replies: 5
Views: 720

Re: Over the Counter Shares

Standard Chartered is traded on the OTC Pink Sheets as SCBFF. The average daily volume is minuscule, at just over 5,000 shares. I suspect the bid offer spread for SCBFF is going to be unfavourable. If I wanted to buy this stock, I would execute the transaction on the Hong Kong exchange (symbol: 2888...
by bawr
Mon Apr 13, 2015 4:27 am
Forum: Investing - Theory, News & General
Topic: Poll: do you own individual international stocks?
Replies: 25
Views: 2551

Re: Poll: do you own individual international stocks?

Fidelity's commissions for international stock trading aren't that bad. It is their currency exchange commissions which are highway robbery (1% for a transaction < $100K). This is hundreds of times what Interactive Brokers charges.
by bawr
Sat Apr 11, 2015 2:14 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372428

Re: What are you up YTD?

Shorter term stock trading account: 12.10% YTD
Long term stock portfolio: 15.62% YTD
by bawr
Sun Mar 08, 2015 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Non-resident alien, 22 looking for substitutes to 401k/IRAs
Replies: 6
Views: 1055

Re: Non-resident alien, 22 looking for substitutes to 401k/I

acp03,

Depending on the visa you have, you could be exempt from paying capital gains tax in the US. In that case, investing in a tax advantaged vehicle like a 401(k) would not make sense.
by bawr
Mon Nov 24, 2014 4:19 pm
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 125
Views: 13637

Re: What percent "Boglehead" are you?

I can appreciate that the Boglehead approach can work adequately for those who are unwilling to spend the significant time and effort necessary to learn how to invest. It certainly beats not having a saving and investment plan. I am a disciplined stock picker with a (geometric) mean annual return of...
by bawr
Tue Nov 11, 2014 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 322
Views: 74734

Re: If your networth is over $3 million, how did you do it?

1. Invested in AAPL when it was $0.97 (split adjusted).
2. Invested in Bitcoin when XBT was a few cents.
3. Held a portfolio of shares in approximately 15 companies, actively managed by myself.

I have never invested in funds or bonds.
by bawr
Wed May 15, 2013 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity has the best customer service I know of
Replies: 57
Views: 5056

Re: Fidelity has the best customer service I know of

I agree that Fidelity's representatives are polite and that they pick up the phone quickly. An unpleasant experience I had with them caused me to move all of my trading to Interactive Brokers. I called Fidelity to discuss what I believe was an improperly triggered stop loss order. The representative...
by bawr
Sun Mar 10, 2013 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mathematicians or statisticians here? Seeking your advice
Replies: 70
Views: 8743

Re: Mathematicians or statisticians here? Seeking your advic

Our introductory calculus book was by Spivak. After 2 weeks, I changed major and dropped down to a lower course ;-). I am not familiar with Spivak's calculus book, but his multi-volume tome on differential geometry is considered to be a reference. He also has a little pamphlet on calculus on manifo...
by bawr
Sun Mar 10, 2013 10:57 am
Forum: Personal Consumer Issues
Topic: Casual Wardrobe Advice Wanted
Replies: 65
Views: 13967

Re: Casual Wardrobe Advice Wanted

If Munchkin Man adopts Steve Jobs' approach to attire, he won't have to think about clothing ever again. If Munchkin Man does not wish to be a follower Steve Jobs, he may think of this as the Permanent Portfolio method applied to garments.