Search found 19 matches

by yobyot
Sun Jun 09, 2019 2:49 pm
Forum: Personal Investments
Topic: brokered CDs from fidelity/vanguard, bank reputation?
Replies: 28
Views: 2562

Re: brokered CDs from fidelity/vanguard, bank reputation?

petercooperjr wrote:
Fri Jun 07, 2019 9:46 pm
yobyot wrote:
Fri Jun 07, 2019 7:10 pm
  • Federal income tax free in my taxable accounts
I assume you mean to say that T-Bill interest is state income tax free. You still pay Federal taxes.
I stand corrected. Thanks!
by yobyot
Sun Jun 09, 2019 2:46 pm
Forum: Personal Investments
Topic: brokered CDs from fidelity/vanguard, bank reputation?
Replies: 28
Views: 2562

Re: brokered CDs from fidelity/vanguard, bank reputation?

"if you aren't careful and enter just a plain old buy order, you'll get the secondary bill -- and probably forgo any profit on the zero due to dealer markups." yobyot, are you saying that if your intent is to buy a new issue' T-bill, and you aren't careful, you could mistakenly buy a T-Bill on the ...
by yobyot
Fri Jun 07, 2019 7:39 pm
Forum: Personal Investments
Topic: Bonds and Investing
Replies: 31
Views: 3895

Re: Bonds and Investing

I throw myself at the mercy of the court here! So far this has turned out well. I realize it could change any minute. I have my 401K's, extra cash (non emergency) and 529's all in the S&P. Kids are 7 and 12. Quite frankly I just don't understand bond funds. I understand buying a bond from an organi...
by yobyot
Fri Jun 07, 2019 7:27 pm
Forum: Personal Investments
Topic: FIRST POST - Portfolio Review - Please
Replies: 58
Views: 6073

Re: FIRST POST - Portfolio Review - Please

Terrible. You are invested in too many funds with terrible brokers. You need to be in Fidelity and Vanguard (or Schwab) Total Stock funds at .03 or lower. 100%. Instead you are making Morgan Stanley and Robinhood rich... I wouldn't have been that harsh, but yes, the issue with this portfolio is, IM...
by yobyot
Fri Jun 07, 2019 7:10 pm
Forum: Personal Investments
Topic: brokered CDs from fidelity/vanguard, bank reputation?
Replies: 28
Views: 2562

Re: brokered CDs from fidelity/vanguard, bank reputation?

I am thinking about buying brokered CDs from Fidelity or Vanguard. Do I need to worry about the reputation of the banks where the CDs come from? Are there any risks? They all seem to be FDIC insured. I am usually more comfortable buying my CDs directly from Ally. But this time I need to buy CDs in ...
by yobyot
Sat May 11, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 365617

Re: Share your story of how you got wealthy

Would never claim I was wealthy but I suggest 1) marry the right partner 2) Live in the same house for 34 years 3) work very hard at your profession 4) live below your means and save prodigiously 5) never listen to or pay a dime to a broker or other thief 5a: Never pay ATM fees nor more than five b...
by yobyot
Mon Apr 29, 2019 8:55 pm
Forum: Personal Investments
Topic: Dividends: do you like cash or reinvestment?
Replies: 19
Views: 2145

Re: Dividends: do you like cash or reinvestment?

Here's the question: given these circumstances, would you continue to reinvest in a position like this or start taking the dividends in cash, especially given that they only "cost" 15% in tax? You will pay tax on the dividends whether you re-invest the money or use it for any other purpose. If I ha...
by yobyot
Mon Apr 29, 2019 7:58 pm
Forum: Personal Investments
Topic: Dividends: do you like cash or reinvestment?
Replies: 19
Views: 2145

Dividends: do you like cash or reinvestment?

I'd appreciate hearing your opinion on the following situation and question. I have an equity position bought in 1990 that has appreciated significantly. I'm not interested in selling it yet as I am certain there's room to grow. Since 2003, it has paid a nice dividend of between 1.8% and 2.3%. I've ...
by yobyot
Wed Apr 24, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 40
Views: 8841

Re: Has anyone used Income Strategy website/software?

Thanks.

I can't wait to hear how the advisor session goes.
by yobyot
Wed Apr 17, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 40
Views: 8841

Re: Has anyone used Income Strategy website/software?

I have spent the past year working with Income Solver, the Income Strategy software for financial advisors. There is a learning curve so here are my thoughts: I recommend starting with i-ORP, which is free. Once you have that down and a good understanding of the inputs and outputs and how they work...
by yobyot
Fri Jul 06, 2018 6:24 pm
Forum: Personal Investments
Topic: No Admiral Shares in a Vanguard Individual 401(k)
Replies: 46
Views: 13430

Re: No Admiral Shares in a Vanguard Individual 401(k)

Even better, you can now buy VTI, BND and other Vanguard ETFs _free_ at E*Trade. I closed my Vanguard I401(k) and Roth because of the lack of availability of Admirial shares, not to mention ETFs. Vanguard is a better custodian, IMO, than E*Trade. But it's a no-brainer to move assets if they continue...
by yobyot
Sun Apr 29, 2018 2:40 pm
Forum: Personal Investments
Topic: separately managed account -- worthwhile?
Replies: 20
Views: 3951

Re: separately managed account -- worthwhile?

I may be both old-school and a curmudgeon but the fees are too high and the fact that Fidelity is pitching this to numerous clients (it's the only thing they've pitched to me in three years) tells me that there's a push on inside the firm to up revenue from stubbornly self-directed fee-sensitive fo...
by yobyot
Sat Apr 28, 2018 10:25 pm
Forum: Personal Investments
Topic: CD ladder in IRA??
Replies: 12
Views: 1638

Re: CD ladder in IRA??

Lately, I've been buying one-year brokerage CDs in both taxable and retirement accounts each quarter. In a manual ladder, I just buy another one-year when the previous year's CD matures. I like the convenience and low cost of brokerage CDs and since we're only a couple of years away from retirement,...
by yobyot
Sat Apr 28, 2018 10:17 pm
Forum: Personal Investments
Topic: 26 Year Old Asking For Advice
Replies: 19
Views: 3662

Re: 26 Year Old Asking For Advice

Well, you're getting lots of advice (which is worth what you're paying for it. As we say here in Boston -- that advice and $2.50 will get you a ride on the T). But I have a question: why on earth are you investing in Investor shares of the two mutual funds you mention? Save yourself about 70% of the...
by yobyot
Sat Apr 28, 2018 10:12 pm
Forum: Personal Investments
Topic: separately managed account -- worthwhile?
Replies: 20
Views: 3951

Re: separately managed account -- worthwhile?

I may be both old-school and a curmudgeon but the fees are too high and the fact that Fidelity is pitching this to numerous clients (it's the only thing they've pitched to me in three years) tells me that there's a push on inside the firm to up revenue from stubbornly self-directed fee-sensitive fol...
by yobyot
Fri Oct 11, 2013 12:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Capital Gain
Replies: 11
Views: 2505

Re: Vanguard Prime Money Market Capital Gain

What I would like to understand better is why has the market increased interest rates since May causing mortgages, LOC's, etc. to rise, however savings and money market accounts (including Vanguard) are still at or near all time lows? Any insight? No particular insights. :happy But mortgage rates a...
by yobyot
Fri Oct 11, 2013 11:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Capital Gain
Replies: 11
Views: 2505

Re: Vanguard Prime Money Market Capital Gain

I did see this. At the end of the day, the payout ratio is very immaterial. Agree. But it isn't the payout I am concerned about -- it's whether or not Vanguard MMFs break the buck. The question is, is this some kind of early warning that it could happen? Silence on their reasons for paying a very u...
by yobyot
Fri Oct 11, 2013 9:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Capital Gain
Replies: 11
Views: 2505

Re: Vanguard Prime Money Market Capital Gain

I just noticed this on my September statements...and I am still trying to parse what it means. I wonder what others think about this. Do MMF ST distributions mean that Vanguard did a brilliant job of buying the rather limited types of securities that may be held in a MMF and simply wanted to boost r...