Search found 13 matches

by sgboggle
Thu Mar 07, 2019 3:15 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 44
Views: 6015

Re: Chase YouInvest cost basis method

I just noticed that my prior purchases now appear with their original cost basis, not average cost. So, maybe submitting a Letter of Instruction telling Chase to switch from average cost to original cost actually affects prior purchases, not just future purchases. (I don't think it took effect immed...
by sgboggle
Thu Feb 28, 2019 6:29 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 44
Views: 6015

Re: Chase YouInvest cost basis method

They told me (on 2/14/2019) "Since we keep the original cost basis on record the adjustment will apply to the prior purchases you currently hold." (From that, I still wasn't sure whether the change would also apply to future purchases. I want it to apply to both prior and future purchases. I haven'...
by sgboggle
Wed Feb 27, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on new mortgage interest deduction limit
Replies: 3
Views: 840

Re: Advice on new mortgage interest deduction limit

I don't know the answer to your main question, though I remember reading some discussion about similar situations with two mortgages. It might've been on here, or on other sites; try searching the web. (It might've been old discussion about the $1 million limit, but probably still useful.) Regarding...
by sgboggle
Tue Feb 26, 2019 12:33 am
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 44
Views: 6015

Re: Chase YouInvest cost basis method

They told me (on 2/14/2019) "Since we keep the original cost basis on record the adjustment will apply to the prior purchases you currently hold." (From that, I still wasn't sure whether the change would also apply to future purchases. I want it to apply to both prior and future purchases. I haven't...
by sgboggle
Tue Feb 12, 2019 1:28 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 44
Views: 6015

Re: Chase YouInvest cost basis method

I sent a message to Chase about this and got the following positive reply about changing the cost basis method (though I haven't tried it yet): "The Cost basis system retains both original and average cost but will default to average cost. To update we require a signed and dated Letter of Instructio...
by sgboggle
Tue Feb 12, 2019 1:27 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 44
Views: 6015

Re: Chase YouInvest cost basis method

I'm confused here. If you can sell specific shares (which seems to be available now as a feature) to minimize taxes, wouldn't the gains/losses still be reported correctly for tax purposes? I think the issue is that even if you specify the tax lots to sell, the cost basis for each tax lot would be a...
by sgboggle
Mon Feb 11, 2019 3:27 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 44
Views: 6015

Re: Chase YouInvest cost basis method

The "Average cost" appears to not apply to all ETFs (though maybe it applies to most of the ones that people care about). It's weird that even ETFs in the same family are treated differently: SHV and ICSH are both ETFs from iShares; in the Positions view, SHV shows "A" (Average cost), but ICSH doesn...
by sgboggle
Wed Feb 06, 2019 4:18 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 44
Views: 6015

Re: Chase YouInvest cost basis method

You can get to that "Tax lot selection" screen when entering a sell order. After you enter a number in the Quantity field of your sell order, text will appear at the bottom of the page saying "We'll sell tax lots using the default account method of first in first out, or you can choose specific lots...
by sgboggle
Mon Jan 23, 2017 6:10 pm
Forum: Personal Investments
Topic: Comprehensive discussion on holding/trading mutual funds, ETF, and stocks in Chase (for those who values CPC status)
Replies: 101
Views: 20545

Re: Beginner's guide to not getting con'd by Chase

In my case, I have over $250K in ETFs in another brokerage. It sounds like I can just open a Chase self-directed brokerage account, transfer in $250K of ETFs to qualify for CPC (to get better CC bonuses, etc), and not pay any fees. How much better? If you went with Merrill Edge/BofA, you'd get a bo...
by sgboggle
Mon Jan 23, 2017 4:22 am
Forum: Personal Investments
Topic: Comprehensive discussion on holding/trading mutual funds, ETF, and stocks in Chase (for those who values CPC status)
Replies: 101
Views: 20545

Re: Beginner's guide to not getting con'd by Chase

There were some people who were curious what Chase would charge for brokerage service. I received a fee schedule today and thought I would share. Do you (or anyone else) also have a list of the commissions that Chase charges, e.g., for buying/selling stocks or ETFs? And for the mutual funds such as...
by sgboggle
Sun Aug 04, 2013 3:34 am
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 17627

Re: Leaving Wells Fargo Brokerage

Last I heard (e.g., http://www.bogleheads.org/forum/viewtopic.php?t=48546 ), partial transfers didn't have a $95 fee, and closing an account (non-IRA) didn't have a fee. So, for the taxable accounts at least, you may be able to avoid the fees by doing a partial transfer (all the stocks but not the c...
by sgboggle
Sat Jan 21, 2012 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Another Credit Card Rewards Gone Bad
Replies: 15
Views: 3148

Re: Another Credit Card Rewards Gone Bad

I use the American Express Blue Cash reward card. It works great. Last year my wife (who also has one) and I combined for $700 cash back. You can use the cash as a credit toward your Amex statement or for merchandise. We always credit our statement. You can earn 6% at supermarkets, 3% at gas statio...
by sgboggle
Sat Jan 21, 2012 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax vs. H&R Block vs. TaxAct
Replies: 48
Views: 12044

Re: TurboTax vs. H&R Block vs. TaxAct

William Million wrote:I lost faith in Turbotax when it couldn't do tax credit on foreign dividends last year. Major software flaw that cost taxpayers an incredible amount of money.
Could you give more details on the problem in TurboTax with foreign tax credit?