Search found 3065 matches

by JamesSFO
Wed Aug 15, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 5624

Re: Terminating an employee with company car

An HR colleague of mine had to deal with this regularly, this was pre-Uber/Lyft days and she would drive them home. Nowadays, give them some money for Taxi/Uber/Lyft and they should be ok.
by JamesSFO
Wed Aug 08, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Non-profit Account with Fido or VG Possible?
Replies: 2
Views: 141

Re: Non-profit Account with Fido or VG Possible?

Our HOA recently set up an account with Vanguard for CD's and T-Bills
by JamesSFO
Sat Aug 04, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54709

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Touché, and still in a 401K there is a regular process for switching/adding/removing funds. So even if everyone on the committee wanted to add the zero fund it likely can only occur at certain intervals and with certain notices/blackouts (if they are swapping), etc. So it is basically inconceivable...
by JamesSFO
Sat Aug 04, 2018 12:39 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54709

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

My employer WAS Fidelity. I retired from Fidelity Investments last July. Touché, and still in a 401K there is a regular process for switching/adding/removing funds. So even if everyone on the committee wanted to add the zero fund it likely can only occur at certain intervals and with certain notice...
by JamesSFO
Sat Aug 04, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54709

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Fidelity does not control the offerings in a company's 401K plan. Sure they have influence but not control. Just because only retail brokerage accounts are covered now doesn't mean there won't be changes in the future. They control the offerings in my 401k plan; it's a Fidelity Investments 401k. Th...
by JamesSFO
Sat Aug 04, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Consolidating Financial Accounts
Replies: 4
Views: 588

Re: Consolidating Financial Accounts

USAA has Fido as their brokerage and with the new fee drops just buy the Fido funds at low (or zero) expense ratio.
by JamesSFO
Thu Aug 02, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Always a good XKCD, I'm not personally offended. Relatedly humor, tone, etc., don't come across well on the net. It is hard to know whether you are amused by this, actively annoyed, or even actively claiming you were tricked. Thus my "seriously" :sharebeer Not tricked. Just mildly annoyed at Vangua...
by JamesSFO
Thu Aug 02, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Seriously? Is there anything on Vanguard's pages that says it IS launched? In fact, you seem to be ingoring that Vanguard investor landing home page shows "Coming Soon" prominently. Your statement about the Commissions page ignores the "See what's coming" under the 1800 comission free ETFs as well....
by JamesSFO
Thu Aug 02, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Yes and no. Yes, I knew what I was doing. No, there is absolutely nothing anywhere in writing that says it isn't launched yet. The commissions page still says "In August" these will be free without any qualification whatsoever. Well, we are in August. Even CNBC was originally fooled into reporting ...
by JamesSFO
Thu Aug 02, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

I sent a very polite message asking for a credit for the $2 and asking when the system would be updated to reflect the August commission-free ETFs promised on their website. Just over 24 hours and no response to my message. I'm not really surprised. I learned very quickly as a new customer a few ye...
by JamesSFO
Thu Aug 02, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54709

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

A few questions for the experts on how mutual funds work. Let's assume that a meaningful percentage of current investors in FSTVX (Fidelity total market index) put in orders this Friday (first day available) to sell FSTVX and buy FZROX (new Fidelity Zero ER total market index). Would this force the...
by JamesSFO
Wed Aug 01, 2018 6:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Daitokuji wrote:
Wed Aug 01, 2018 12:06 pm
The CNBC article says it's starting today but I tried to sell some ishares bond ETFs that I transferred to Vanguard from one of the robo funds and it's showing the standard $7 fee.
At least now the CNBC article does NOT say that, it says starting in August.
by JamesSFO
Wed Aug 01, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 641
Views: 54709

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

What a change for investors, it will be interesting how Vanguard responds. I'm particularly pleased that even without having to sell my small Fido Total US/Total Intl positions they are dropping the ERs. 0.015 [edit] and 0.06 respectively now it seems.
by JamesSFO
Tue Jul 31, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: Two solo 401K accounts - Trad and Roth at diff. firms
Replies: 9
Views: 496

Re: Two solo 401K accounts - Trad and Roth at diff. firms

jacoavlu wrote:
Tue Jul 31, 2018 10:26 pm
Probably fine...
Almost definitely not fine. You can transfer the funds (and plan), but you cannot just open a 2nd "account".
by JamesSFO
Mon Jul 30, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k matching
Replies: 33
Views: 2258

Re: 401k matching

(1) 401K matching. Well let's explore two scenarios. A: I match 100% up to 3%; B I match 50% up to 6%. If most employees contribute only 4% of salary as the employer on which plan will I pay out more? Hint it's A. So most of these relate to controlling employer expenses for matching and perhaps nudg...
by JamesSFO
Fri Jul 27, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Fascinating shift then, and yes even though there is probably a Pareto/long tail distribution of ~80% of assets to a small number of ETFs, have a large menu of choices for $0 is appealing
by JamesSFO
Wed Jul 25, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2493

Re: Schwab Intelligent Portfolios (2 months in)

arf30 wrote:
Wed Jul 25, 2018 12:42 pm
You probably want to compare it to a 3 fund portfolio with similar asset allocation, not the S&P 500.
Yes, but I was going with what Schwab easily provides.
by JamesSFO
Wed Jul 25, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2493

Re: Schwab Intelligent Portfolios (2 months in)

Jmh04j wrote:
Wed Jul 25, 2018 10:41 am
How do your Schwab Intelligent Portfolio returns compare to your Vanguard 3-fund Portfolio?
+3.93% for S&P500 Index
+2.12% for Schwab Intelligent

Vanguard - Not sure how to easily figure out from VG website.
by JamesSFO
Wed Jul 25, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2493

Re: Schwab Intelligent Portfolios (2 months in)

mpnret wrote:
Wed Jul 25, 2018 10:29 am
Once I accounted for the cash drag and higher expense ratio in SIP, I found it was actually cheaper to pay for Vanguard Personal Advisory Service.
Could be, I ignored the cash drag so I see the ~11 basis point extra over my 3 fund.
by JamesSFO
Wed Jul 25, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2493

Schwab Intelligent Portfolios (2 months in)

So I had some initial sign up issues (and found Schwab helpful but annoying too, claiming documents I sent in weren't there, then finding, etc.) once resolved I was up on the platform. Pluses: 1) Free (no direct fees) roboadvisor with tax loss harvesting (there is a cash drag, and expense ratios are...
by JamesSFO
Mon Jul 23, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 27
Views: 2745

Re: Yet another CP2000 for Roth IRA conversion thread

They closed my CP2000 saying I owe nothing, so computer glitch basically. Glad to be done with it.
by JamesSFO
Sun Jul 15, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 6791

Re: Are Credit Cards Actually Convenient?

I had one card from Chase (ultimately closed) that got "hypersensitive" (my term). Basically, after one attempt at an international purchase online it was perpetually stuck being flagged for fraud, even in person at an Apple Store. (1x/day!!!!!) So the OP's experience can happen. My current credit u...
by JamesSFO
Sat Jul 14, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Six minute video (or transcript too) from Vanguard about why they did this: https://investornews.vanguard/why-were-lowering-the-cost-of-investing-in-etfs/ What stood out to me: But in this instance, the point is bolstered by research—both our own research and market research— which indicates that wh...
by JamesSFO
Fri Jul 13, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: [Backdoor Roth IRA - Forbes: IRS Unlocks The 'Door' For High-Income Savers]
Replies: 7
Views: 1523

Re: Backdoor Roth IRA article

The main point of interest I saw, someone from the IRS (Donald Kieffer Jr., a tax law specialist with the IRS’s Tax-Exempt and Government Entities Division) saying: “I think the IRS’s only caution would be whenever we see words like ‘back door’ or ‘workaround’ or other step transactions that are put...
by JamesSFO
Sun Jul 08, 2018 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 4073

Re: Borrow for BigLaw Partnership Buy-in?

Just one reminder, depending on how your firm works the first ~2-4 years as a junior partner you may make less than you did as a senior associate.
by JamesSFO
Fri Jul 06, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Not sure if this has been discussed but in the fine print it says: “When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.” Does this mean Vanguard will only accept market orders for non Vanguard commission free ETFs? If so t...
by JamesSFO
Fri Jul 06, 2018 5:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 204
Views: 18736

Re: Vanguard to offer non-Vanguard ETFs commission-free

Curious to see where this goes. Nice move by vanguard.
by JamesSFO
Thu Jun 28, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1861

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

It was my impression that they did contain 500 all components in a particular proportion that approximated the index. ... Nope. Not to my knowledge or when I looked at them last for SPY vs. IVV. Very similar but not the same, and due to unit redemption/creation PLUS day to day trading and timing of...
by JamesSFO
Thu Jun 28, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1861

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

Thanks for the links. From what I saw, there are very few SP500 funds mentioned, and none that swapped one market cap weighed SP500 fund for another. I don't think these roboadvisors want to be the test case for the IRS. :confused There are many examples of Total Stock funds that are market cap wei...
by JamesSFO
Thu Jun 28, 2018 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1861

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

Is there a list? Any of the roboadvisors doing IVV/SPY/VOO? If that passes the test, we're all home free. But it's good company to be doing what all these roboadvisor are doing, so if there is a crackdown, they're big fish to fry. Schwab Intelligent Portfolios lists their pairs: https://intelligent...
by JamesSFO
Wed Jun 27, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Can I TLH QQQ and pick up VTI, IVV, VOO...
Replies: 26
Views: 1861

Re: Can I TLH QQQ and pick up VTI, IVV, VOO...

Are you saying there's case law on the matter or there not even looking? I haven't paid that much attention, but haven't come across any such decisions. Then again, I'm not aware of anyone actually trying such similar funds much less advertising the matter and looking for trouble. Almost every robo...
by JamesSFO
Fri Jun 22, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 27
Views: 2745

Re: Yet another CP2000 for Roth IRA conversion thread

I got an acknowledgment of my CPA's filing in response to the CP2000, but no decision. Annoying and slow.
by JamesSFO
Mon Jun 18, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 33
Views: 2635

Re: Is individual Bonds better than Bond Fund?

Suze has a lot of good advice; this is one thing I think she spreads too much FUD about. There are some reasons to hold a bond ladder (e.g., liability matching portfolio); however, more generally, a diversified bond fund is excellent.
by JamesSFO
Sat Jun 16, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 17075

Re: Should I take possession of a certified mail?

To the best of my knowledge this particular process is limited to construction and may vary by state. Despite being a California lawyer, I'm not sure the interpretation about opening the certified mail you (or someone on this thread) was giving was correct (again not legal advice...) See: https://l...
by JamesSFO
Fri Jun 15, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 17075

Re: Should I take possession of a certified mail?

I'm curious. (Aside am a lawyer, not providing legal advice, but I struggle to see an advantage to NOT obtaining the letter. If this person is mad at you might as well learn exactly what they are up to.)
by JamesSFO
Sun Jun 10, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Portfolio analyzer that shows underlying stocks
Replies: 5
Views: 286

Re: Portfolio analyzer that shows underlying stocks

Is there a portfolio analysis tool anywhere that will show you the actual underlying stocks owned if you own a mutual fund? I am trying to analyze a portfolio run by a financial advisor that holds about 60 mutual funds. I'm trying to show that the funds are probably redundant and/or overlapping but...
by JamesSFO
Sun Jun 10, 2018 8:31 am
Forum: Investing - Help with Personal Investments
Topic: High expense ratios in Vanguard 401k
Replies: 16
Views: 1492

Re: High expense ratios in Vanguard 401k

Thanks Spirit Rider. Not knowing much about the 401k industry, I assumed my employer was dealing with Vanguard directly. But it sounds like they are likely using a third party administrator. I'm a little surprised that Vanguard thinks it is ok for third parties to sell overpriced funds in 401k plan...
by JamesSFO
Thu Jun 07, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7884

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

Is there some reason for 401k plans to have such limited choices? Why doesn't Vanguard (or any employer) just let you pick whatever funds you want? The empirical evidence is that this tends to suppress participation in the plan for the average Jane/Joe. Default enrollment (opt out) into target fund...
by JamesSFO
Thu Jun 07, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Question on RMD Example From IRS.GOV
Replies: 3
Views: 368

Re: Question on RMD Example From IRS.GOV

I think you may be missing a not from your question, also not sure how the examples relate to Roth conversions. Either way, your RMD for a given year is based on your (traditional) IRA balance for the 12/31 on the prior year. So if on 12/31/2017 your traditional IRA balance is $0 then your RMDs for ...
by JamesSFO
Thu Jun 07, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 14349

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

I have no experience with law but I can easily see OP being very valuable to firms that deal with litigation pertaining to the medical field (a huge industry as we all know) as also as patent attorney. Not easy, but the very fact OP is even open to considering 11-12 hour work days at this age means...
by JamesSFO
Wed Jun 06, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds & Revocable Living Trust
Replies: 7
Views: 901

Re: I Bonds & Revocable Living Trust

But what is the purpose of having a trust if you are purchasing $10,000 per SS outside of the trust? Well, my "JamesSFO Individual Account" is actually in my trust as far as the state of California is concerned, I have my list of assets in the trust and that account is listed out in and has been no...
by JamesSFO
Tue Jun 05, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 14349

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Fascinating thread and the OP has received a lot of good advice.
by JamesSFO
Sun Jun 03, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 90
Views: 9963

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

Having only been trying the product for <1 month it is hard to say much more about it. I think if I were going to do a roboadvisor (which I am :D) then picking Schwab for 0 additional direct fees (yes the cash drag) would be my choice. Do you think the Schwab robo offers something better than the i...
by JamesSFO
Sun Jun 03, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolio vs. Schwab Target Fund
Replies: 90
Views: 9963

Re: Schwab Intelligent Portfolio vs. Schwab Target Fund

I recently decided to give the Intelligent Portfolios a try (I'm 99% invested 3 fund) for two reasons (1) try out Schwab's customer service (so far middling to disappointing) and (2) because I was curious about the intelligent portfolio product. I picked the most aggressive allocation and my weighte...
by JamesSFO
Fri Jun 01, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13920

Re: Best Advice You Never Took

I would say I let my lifestyle creep up as my income went up and repeated it. It's not been disastrous, but I could probably have brought in my retirement a few years if I did it (still working)
by JamesSFO
Thu May 24, 2018 6:54 am
Forum: Personal Consumer Issues
Topic: Schwab - Bad New Customer Experience
Replies: 1
Views: 664

Re: Schwab - Bad New Customer Experience

Took two more contacts this morning to try and get bank transfer re-enabled, we shall see now.
by JamesSFO
Wed May 23, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Schwab - Bad New Customer Experience
Replies: 1
Views: 664

Schwab - Bad New Customer Experience

So I decided somewhat on a whim and somewhat to try Schwab's praised services to give their Intelligent Portfolios a try. Opened account (personal revocable trust) online Sunday no problems. Got a call Monday AM that all was set and I was initially impressed. However, it's gone downhill from there: ...
by JamesSFO
Sun May 20, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 5384

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

Does Schwab have two similarly named offerings? The "Intelligent Portfolios" are $0 fee (https://intelligent.schwab.com/) and then "Intelligent Advisory" (https://www.schwab.com/public/schwab/investment_advice/intelligent_advisory) has a 0.28% AUM cap of $1.4M or so. Very similar names, but differen...
by JamesSFO
Sun May 20, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Apple Pay and Paypal
Replies: 8
Views: 757

Re: Apple Pay and Paypal

Short answer unless you can link your PayPal debit card to your Apple Pay, I don't think so.

Longer answer: I'm not 100% sure what you are trying to do