Search found 7019 matches

by jeffyscott
Wed Aug 15, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: Why are 1yr Treauries paying more than 1yr brokered CDs?
Replies: 13
Views: 955

Re: Why are 1yr Treauries paying more than 1yr brokered CDs?

On Vanguard's site, it looked to me like you need to buy >=$100K to get that high rate on the 1 year Treasury, and only >=$10K for the 1 year CD. Etrade had a minimum of $1K earlier for the Treasuries. Just checked, those are all gone now and the minimum for that rate or above is $200K to $500K. I ...
by jeffyscott
Wed Aug 15, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 278
Views: 17015

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Depends on your dating of the Fall of Rome ;-). Note that the Roman Republic lasted a lot shorter time. The Roman Empire was very different - it was deliberately multicultural (making citizens of prominent members of *all* the subject peoples) and latterly Rome was capital in name only - the real c...
by jeffyscott
Wed Aug 15, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: What is the minimum to buy Vanguard Brokered C.D's?
Replies: 6
Views: 499

Re: What is the minimum to buy Vanguard Brokered C.D's?

Note that CD will yield less than a treasury bond... Could you please elaborate on this statement? I find that generally 2 years and up, CDs yields are higher than treasuries, the exception being the shorter term CDs. I see why you are confused, by "that CD", I meant that particular 1 year CD which...
by jeffyscott
Wed Aug 15, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Swedroe's guidelines to Bonds
Replies: 137
Views: 14116

Re: Swedroe's guidelines to Bonds

Well on depositaccounts.com for 3 year CDs I am seeing it topping out at 2.7% myself That's weird. I see a number of 3-year CDs at 3% or higher, and I even see a 2-year at 3%, all at depositaccounts.com. You have to scroll past the "sponsored results" to see the higher rates. I see 2.7% at the top ...
by jeffyscott
Wed Aug 15, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: What is the minimum to buy Vanguard Brokered C.D's?
Replies: 6
Views: 499

Re: What is the minimum to buy Vanguard Brokered C.D's?

For secondary CDs, you would want to look at the yield to maturity, net of commission. Vanguard commission is either $1/$1000 or $2/$1000 for secondary CDs. I believe you have to go through a few steps as if buying at vanguard before they show you the YTM net of commission. Based on a different brok...
by jeffyscott
Wed Aug 15, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 278
Views: 17015

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

If you look closely you can see that from 1970 through 2012 the two portfolios had very similar returns (10.01% and 10.17%). You can't tell just by looking, but the diversified portfolio actually had lower volatility than the US-only portfolio (15.06% vs 16.00% stdev) and slightly better risk-adjus...
by jeffyscott
Tue Aug 14, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 278
Views: 17015

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I think rather than arbitrarily looking at the most recent 10 years, the sensible way to compare is to look from a market high to another high or from a low to a low. From the high in 2000 to the high in 2007 international won, same for the 2002 low to the 2009 low. All the outperformance of US is o...
by jeffyscott
Mon Aug 13, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1615

Re: Key West Family Vacation - February

KW is a secret treasure that everyone should visit. Secret :?: it's anything but a secret, with over 2,000,000 tourists visiting per year. If it were any kind of secret, it'd not be $300+ per night for a hotel room and there'd not be massive cruise ships constantly docking there (~90,000 passengers...
by jeffyscott
Mon Aug 13, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 379
Views: 52335

Re: 2-year CDs at Vanguard and Fidelity Today

I'm looking at the CD rates for new issue @ Fidelity and just doesn't seem worth it compared to the MM which has a 7 day yield of around 1.55%. 3 month = 1.9%, 6m = 2%, 9m = 2.1%, 12m = 2.45% Maybe I'm missing something given rates are rising. I guess the FDIC is a big component but don't see a MM ...
by jeffyscott
Sun Aug 12, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 60
Views: 5855

Re: The Best HSA

I would also be interested in functionality for paying bills. I use the HSA for paying current medical bills as well as investing. I'd guess it is a simple matter to transfer money back to the base account and pay bills with it, but would not want to find out otherwise after-the-fact. FWIW, Lively ...
by jeffyscott
Sun Aug 12, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 60
Views: 5855

Re: The Best HSA

I see lots of talk about moving money from HSA to Investment account, but a lot less about the opposite direction. Forgive me this noob question: If I chose to move my TD Bank (not TD Ameritrade) HSA to https://livelyme.com/ , (which seems like a good choice based on this thread), I see that I can ...
by jeffyscott
Sun Aug 12, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: New CD Rates
Replies: 22
Views: 4056

Re: New CD Rates

For me about 2.5% on a CD is what I'd need to beat 2% inflation and actually even a bit less would do it, as they are in a tax deferred account. You still need to pay the taxes on gains in a tax deferred account. You just get to pay them later. Now a Roth IRA would be different. Yes but you only pa...
by jeffyscott
Sun Aug 12, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement [2FA: Two-factor authentication]
Replies: 185
Views: 11198

Re: New Vanguard Security Code Requirement [2FA: Two-factor authentication]

Outside of those benefits, for almost all likely scenarios where an attacker is able to obtain your password, they are also going to be able to obtain at least 1 working 2FA code as well. I don't follow. Suppose my password is qwerty, which I only use for Vanguard, and they get that somehow. They t...
by jeffyscott
Sun Aug 12, 2018 2:40 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement [2FA: Two-factor authentication]
Replies: 185
Views: 11198

Re: New Vanguard Security Code Requirement [2FA: Two-factor authentication]

Bottom line : The most likely way your account is going to be compromised is if you click the wrong link. No, that’s the most likely way the *average* user is going to be compromised. You need to be a victim of social engineering and phishing to have that happen. It is extremely effective against m...
by jeffyscott
Sun Aug 12, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: New CD Rates
Replies: 22
Views: 4056

Re: New CD Rates

For me about 2.5% on a CD is what I'd need to beat 2% inflation and actually even a bit less would do it, as they are in a tax deferred account.
by jeffyscott
Sun Aug 12, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 81
Views: 15745

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

Whenever I read an HSA thread I am always surprised there is rarely a mention of Further HSA, which used to be Select Account HSA. They have $1000 threshold, then you can open a basic investment account which has mutual funds to invest in. Many are garbage but they do have VFIAX VIMAX NAESX. Which ...
by jeffyscott
Sun Aug 12, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: New CD Rates
Replies: 22
Views: 4056

Re: New CD Rates

If I earn 2 percent and inflation stays at 3, then I'm losing 1 percent each year. This wouldn't be a big deal if I was old and in retirement Of course it's a big deal if one is in retirement. At least if you're young you have a salary coming in and can continue to save perhaps more. If you're reti...
by jeffyscott
Sun Aug 12, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total International MF/ETF Performance Difference
Replies: 2
Views: 301

Re: Vanguard Total International MF/ETF Performance Difference

Friday loss is because of the difference between price and NAV.

M* has it at -1.72% based on NAV: http://performance.morningstar.com/fund ... ture=en_US
by jeffyscott
Sun Aug 12, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 379
Views: 52335

Re: 2-year CDs at Vanguard and Fidelity Today

yes, "efficient" is probably not the right term. My thinking is that the bulk of treasuries are held by institutions and governments. Interest rate predictions/news is efficiently priced into the instrument. While CD rates are certainly tied to prevailing interest rates, it seems to me they also re...
by jeffyscott
Sun Aug 12, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement [2FA: Two-factor authentication]
Replies: 185
Views: 11198

Re: New Vanguard Security Code Requirement [2FA: Two-factor authentication]

... if you change browsers or delete cookies or offline content, your computer may become unrecognized. I don't know the answer to your actual question, but even without changing computers I think your device can become unrecognized just due to updates (along with those other things Vanguard lists)...
by jeffyscott
Sun Aug 12, 2018 6:48 am
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 91
Views: 8040

Re: The Bigger Story: Fidelity Expense Ratios

Doesn't it really come to down Vanguard using the funds to subsidize the brokerage and Fidelity using the brokerage to subsidize the funds? Just to compare a bit: --The ER on Fidelity's sweep money market fund is .42%. For Vanguard it's .11% --Fidelity gives free trades on iShares ETFs but gets com...
by jeffyscott
Sat Aug 11, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 91
Views: 8040

Re: The Bigger Story: Fidelity Expense Ratios

Are you telling me I could move everything to Fidelity with in-kind transfers? And thus I could completely eliminate any time out of the market? As others have noted it may depend on what you own. My move was one (non-admiral) Vanguard mutual fund. The fund was also available at the new brokerage b...
by jeffyscott
Sat Aug 11, 2018 5:03 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 91
Views: 8040

Re: The Bigger Story: Fidelity Expense Ratios

In my experience, moving IRAs always involves being out of the market for a week or two. That bugs me to no end. When I rolled over funds from work to a tIRA at Vanguard, even with a minimal 5 business days out of the market (which I thought was great) I lost $400 on a measly $12k REIT holding alon...
by jeffyscott
Sat Aug 11, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 91
Views: 8040

Re: The Bigger Story: Fidelity Expense Ratios

Earl Lemongrab wrote:
Sat Aug 11, 2018 3:29 pm
iceport wrote:
Sat Aug 11, 2018 1:45 pm
I'm amazed at how casually other folks can approach moving their funds around. Do you ever check to see if there was an unintended market-timing cost?
I use ETFs. I always move my assets in-kind. There is no market-timing.
Mutual funds can be moved in kind also.
by jeffyscott
Sat Aug 11, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Security Code Requirement [2FA: Two-factor authentication]
Replies: 185
Views: 11198

Re: New Vanguard Security Code Requirement [2FA: Two-factor authentication]

Take another financial institution that uses SMS 2FA: Wells Fargo. When you registered your mobile phone number with the bank for 2FA (or even just for text alerts), it also enabled that number to be used for password resets. Around the end of last year, it was also discovered that T-mobile's SIM-s...
by jeffyscott
Sat Aug 11, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. ETF's
Replies: 22
Views: 1147

Re: Mutual Funds vs. ETF's

The article purportedly said buy a mutual fund not an ETF, if you will hold for less than 4 months.

None of these posts about general advantages of ETFs become a disadvantage at less than 4 months.
by jeffyscott
Sat Aug 11, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: The Best HSA
Replies: 60
Views: 5855

Re: The Best HSA

I didn't know that HSA Bank had fees, but I googled it and sure enough there's a whole schedule on their website . What I do know is that I haven't paid any fees (except when I ordered a checkbook) at least since the beginning of 2017. Does anyone know if this is because my HDHP and HSA is through ...
by jeffyscott
Sat Aug 11, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Average Investor Return Chart
Replies: 10
Views: 1211

Re: Average Investor Return Chart

Our company gave a presentation a few years ago when they were discussing changes to the retirement plan. One of their cons for switching to a defined contribution plans was that "investors underperform the market by 180 basis points when investing on their own." I was highly skeptical of that numb...
by jeffyscott
Sat Aug 11, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: Average Investor Return Chart
Replies: 10
Views: 1211

Re: Average Investor Return Chart

Dalbar's results have been debunked many times, eg: https://www.advisorperspectives.com/articles/2017/03/06/a-warning-to-the-advisory-profession-dalbar-s-math-is-wrong Basically, since I did not put all my current assets in the market 20 years ago, I have under performed due to my poor timing, accor...
by jeffyscott
Sat Aug 11, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. ETF's
Replies: 22
Views: 1147

Re: Mutual Funds vs. ETF's

Frequent traders may like ETFs better because they can sell them during the trading day instead of the sale going through after hours for a mutual fund. Also no frequent trading restrictions with the ETFs, so they may be preferred if you are planning to hold for only 4 months or less. Can't see any...
by jeffyscott
Fri Aug 10, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 91
Views: 8040

Re: The Bigger Story: Fidelity Expense Ratios

Here's the thing, if in fact Vanguard is non-profit at its core, they should be indifferent between managing more or fewer assets. All the cost efficiencies would be passed on to the investor. Which means they have much less incentive to lower fees to attract more assets. Which leads me to believe ...
by jeffyscott
Fri Aug 10, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 91
Views: 8040

Re: The Bigger Story: Fidelity Expense Ratios

Fidelity makes clear in their comms that they do this in order to “broaden their relationship” with customers, I.e. up sell to other products. Obviously Bogleheads will ignore the upselling and win on fees, but is that the company worth rewarding vs. Vanguard who isn’t as interested in you as an up...
by jeffyscott
Fri Aug 10, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7187

Re: The stock market is shrinking.

IMHO there is a serious misconception about NASDAQ and QQQ. NASDAQ is not just a tech exchange -- it is where small, young companies list before they are big enough for the NYSE. I don't think there is any misconception, sure NASDAQ is not limited to Tech but the fact is that QQQ is about 57% tech....
by jeffyscott
Fri Aug 10, 2018 9:56 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 379
Views: 52335

Re: 2-year CDs at Vanguard and Fidelity Today

Usually can get a little better net yield on secondary. You do have to adjust the YTM in secondary listings at Fidelity for the $1/$1000 commission, though. Secondary also can settle sooner (2 days), the new issues settle on whatever date is listed and that can be a week or more in some cases.
by jeffyscott
Thu Aug 09, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 81
Views: 15745

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

Whenever I read an HSA thread I am always surprised there is rarely a mention of Further HSA, which used to be Select Account HSA. They have $1000 threshold, then you can open a basic investment account which has mutual funds to invest in. Many are garbage but they do have VFIAX VIMAX NAESX. Which ...
by jeffyscott
Thu Aug 09, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 81
Views: 15745

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

Whenever I read an HSA thread I am always surprised there is rarely a mention of Further HSA, which used to be Select Account HSA. They have $1000 threshold, then you can open a basic investment account which has mutual funds to invest in. Many are garbage but they do have VFIAX VIMAX NAESX. Which ...
by jeffyscott
Wed Aug 08, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1123
Views: 194381

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Schwab paid me my bonus as promised, matching this TDA offer: https://www.tdameritrade.com/offer/tdbankoffer/index.html It was paid 8 days after I met the level I was going for. Money has to stay for a year, but I am not really planning on moving around. I may seek another bonus to roll the remaind...
by jeffyscott
Wed Aug 08, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 379
Views: 52335

Re: 2-year CDs at Vanguard and Fidelity Today

No, it doesn't show up as available on Schwab.
by jeffyscott
Wed Aug 08, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 379
Views: 52335

Re: 2-year CDs at Vanguard and Fidelity Today

The Fidelity 2-year at 2.85% and 3-year at 3.05% are callable at par after one year, so you're getting only 5 basis points for the call risk. We discussed this just up-thread. The yield premium of about 10 basis points for the 3-year secondary CD at Fidelity is pretty typical, based on what I was s...
by jeffyscott
Wed Aug 08, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 379
Views: 52335

Re: 2-year CDs at Vanguard and Fidelity Today

Sallie Mae has a bunch of 08/09/2021 maturity at 3.11% after fee on Fidelity - 795450U60 Unless I am misunderstanding something, it's 3.115% before the commission? The order page shows this: http://i.imgur.com/ZMziVuZ.png My understanding is that Fidelity quotes ignore the commission. So I think th...
by jeffyscott
Wed Aug 08, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3956

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

Well, percentage of cash in total client assets is roughly between 10% to 15% for Schwab, TD, and E-Trade, 33% for IB per their published reports. This is a closely monitored metrics by analysts of these companies as its a significant driver of their profit. As far as the low yielding sweep account...
by jeffyscott
Tue Aug 07, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3956

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

I am new to Schwab and to brokerage accounts in general, but it appears to me that you can exchange one mutual fund for another without involving the settlement fund. So after moving cash to the purchased money market, I think that if you then later want to put it in another mutual fund, it can go ...
by jeffyscott
Tue Aug 07, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3956

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

This is a big difference between commercial brokers and Vanguard. They are incentivized to try and squeeze profit here even though it is debatable whether it is in the best interest of their clients. I don't think it is just that. Fidelity has similar sweep accounts to Vanguard, despite being in bu...
by jeffyscott
Tue Aug 07, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3956

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

The 1.88% yield is after .35% expenses which are the annual expenses to operate the fund. It is definitely not a trading expense that you would incur every time you buy/sell Schwab Prime MM (SWVXX). Three trades per year in and out of SWVXX is just fine there is no fee to do so, no minimum trade (w...
by jeffyscott
Tue Aug 07, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3956

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

Cash has implied expense ratio of 1.5% + and it's the largest component of brokerage assets. It's funny bogleheads obsessed over expense ratio of ETFs and mutual funds but not cash.. The idea is that you don't keep much cash in your sweep account. And if you don't trade much even temporary holding ...
by jeffyscott
Tue Aug 07, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: Advice on Roth conversions
Replies: 24
Views: 2023

Re: Advice on Roth conversions

Thanks, couple more questions: (1) Since the 12% bracket tops out at $77,400K, what you are saying is that I can roll over $77+K while remaining in this bracket. (2) What are the implications of the expected large LTCGs (if any)? As previously stated, I have $300K+ of LTCG for the next 3 years... t...
by jeffyscott
Tue Aug 07, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Another CD Ladder Thread
Replies: 27
Views: 2451

Re: Another CD Ladder Thread

... A comparable two year ladder: 6 month 2.0 12 months 2.3 18 months 2.55 24 months 2.8 I know you are dealing with Fidelity, but just thought I would mention that Vanguard money market fund VMMXX is currently paying 2.07%. So no way I would want to tie money up for six months to obtain a rate of ...
by jeffyscott
Tue Aug 07, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: HSA contribution question
Replies: 4
Views: 493

Re: HSA contribution question

She can have an HSA when covered only by your family plan. Your total contributions including both employer contributions just need to be under the family limit. Here's an article that is about "catch-up" contributions, but it makes it clear that you can split however you like and that one can have ...
by jeffyscott
Mon Aug 06, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7187

Re: The stock market is shrinking.

If I'm missing something obvious here (it wouldn't be the first time) I apologize, but when I read the NYT article my first thought was "isn't this a strong argument for sticking with market-cap weighted funds like Total Stock Market instead of tilting to small and value?" I would actually think th...
by jeffyscott
Sun Aug 05, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Another CD Ladder Thread
Replies: 27
Views: 2451

Re: Another CD Ladder Thread

I started buying CDs recently. The offerings with 4-5 year maturity didn't seem worthwhile to me. Longest I have bought was about 3.5 years with 3.2% YTM. The very short ones also did not seem worthwhile, as they were at or below treasury rates. The shortest one I bothered with was about 1.75 years,...