Search found 24 matches

by sgboggle
Thu Feb 11, 2021 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 865
Views: 135014

Re: Relationship mortgage discounts for moving a million assets

Has anyone refinanced with the same bank and gotten rate adjustment offer instead of refi ? Chase sent me a rate adjustment offer after I started the refi process but with the 5K fees, wondering if it is better or worse. My previous refi was 7/8 months ago for 900,000$ Chase sent me a rate reductio...
by sgboggle
Mon Jan 25, 2021 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 865
Views: 135014

Re: Relationship mortgage discounts for moving a million assets

softwaregeek wrote: Mon Jan 25, 2021 1:28 pm Citi is unusual in that they show the discount on the quote. None of the others do this.
Does Citi give an official Loan Estimate showing the discount, before you transfer assets into Citi? Or do you mean just an informal quote in email / on the phone?
by sgboggle
Tue Dec 01, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 865
Views: 135014

Re: Relationship mortgage discounts for moving a million assets

First Republic quoted a rate of 2.95% (30yr Fixed) ... I took this quote to my Chase lender. He was then able to offer me 2.875% ... (all this before the relationship discount) Are you saying that Chase matched (beat) First Republic's rate, and they're also giving you the relationship discount? Wha...
by sgboggle
Wed Nov 25, 2020 1:07 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2935
Views: 469180

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I've now signed up for the higher bonus (500K) tier, so might have to move some VG mutual funds too. Had you already opened the CPC account with the $2000 code, and the CPC banker was able to switch it to the $3000 code? Or opened an additional account with the $3000 code and closed the other accou...
by sgboggle
Wed Nov 18, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 865
Views: 135014

Re: Relationship mortgage discounts for moving a million assets

If you really want to spend time for a rate. Get the WF quote after moving assets (loan estimate) send to Citi and then move assets there and take their reduction. Will WF/Citi (or any other bank) give you a Loan Estimate showing the relationship discount before you transfer assets? Or do you mean ...
by sgboggle
Tue Nov 17, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 865
Views: 135014

Re: Relationship mortgage discounts for moving a million assets

If you’re going to move a million bucks somewhere, having had or not having had a credit card with them won’t make a bit of difference. The million in new money you’re bringing will buy you the relationship I interpreted his question more like: To start the conversation with the bank about getting ...
by sgboggle
Fri Nov 06, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 865
Views: 135014

Re: Relationship mortgage discounts for moving a million assets

A Chase loan officer told me that the relationship discount is different for loan amounts above or below $750k, and that new money needs to be moved in for some discounts. For my loan under $750k, being CPC gives 0.125 discount; adding $250k new money gives 0.25 total discount, $500k new money for 0...
by sgboggle
Mon Sep 14, 2020 4:17 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2935
Views: 469180

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Found that partial is $75 also. Fee Schedule – You InvestSM Trade and Portfolios PLEASE READ CAREFULLY This schedule contains information about the fees and charges that apply to your account and your transactions. Please note that fees and other information are subject to change. $75 – applies whe...
by sgboggle
Mon Aug 24, 2020 5:18 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2935
Views: 469180

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

sc9182 wrote: Mon Aug 24, 2020 4:12 pm Charles Schwab local office agreed to match $3500 transfer-in bonus offer on $1MM (after they spoke to their promotions team).
Whose offer did they match? Citi?
by sgboggle
Sun Aug 23, 2020 10:38 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2935
Views: 469180

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Anyone know if WeBull charges an outgoing transfer fee for partial transfers? (They mention a $75 fee, but I don't know if that applies to partial transfers.)

Does Citi Wealth Management reimburse transfer fees charged by the sending brokerage?
by sgboggle
Thu Jan 02, 2020 1:18 am
Forum: Personal Investments
Topic: VTSAX at Merrill Edge
Replies: 47
Views: 11509

Re: VTSAX at Merrill Edge

BashDash wrote: Tue Jan 15, 2019 2:12 pm retention bonus conversation.
Do you mean that they gave you a retention bonus without requiring you to deposit any new money? Or did you need to deposit the same amount that the competing brokerage required for their offer (e.g., deposit $50,000 new money to get $225 bonus)?
by sgboggle
Thu Mar 07, 2019 3:15 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 54
Views: 12104

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: 54
Views: 12104

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...
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: 956

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: 54
Views: 12104

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....
by sgboggle
Tue Feb 12, 2019 1:28 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 54
Views: 12104

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 Instr...
by sgboggle
Tue Feb 12, 2019 1:27 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 54
Views: 12104

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: 54
Views: 12104

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 c...
by sgboggle
Wed Feb 06, 2019 4:18 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 54
Views: 12104

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 choos...
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: 21860

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: 21860

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: 19107

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: 3199

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: 12177

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?