Search found 720 matches

by arf30
Fri Sep 25, 2020 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1651
Views: 235809

Re: Fidelity as a one stop shop

Each account is treated as a stand-alone. So much so that when I initiated a cash move from my CMA to my brokerage account it doesn't move the money instantly - it shows status "Processing" and I can't use the money to buy anything yet. This is the OPPOSITE of what Fidelity customer service told me...
by arf30
Thu Sep 24, 2020 7:42 pm
Forum: Personal Investments
Topic: Does Vanguard send out email confirmation for ACATS out?
Replies: 7
Views: 364

Re: Does Vanguard send out email confirmation for ACATS out?

Thank you arf30. This is pretty scary since someone could hypothetically create a fraudulent account at a different brokerage in my name and then ACATS my holdings into that account and from there wherever else they want to. Just to be sure, by "activity history", you are referring to Vanguard's "t...
by arf30
Thu Sep 24, 2020 7:14 pm
Forum: Personal Investments
Topic: Does Vanguard send out email confirmation for ACATS out?
Replies: 7
Views: 364

Re: Does Vanguard send out email confirmation for ACATS out?

I just did a partial ACATS out of Vanguard two weeks ago and don't remember any email or secure message, the shares were just gone one day with a line item in the activity history tab. They showed up in the destination brokerage a few days before leaving Vanguard so I felt temporarily rich. The whol...
by arf30
Wed Sep 23, 2020 5:54 pm
Forum: Personal Investments
Topic: How Many Brokerage Companies Are Too Many?
Replies: 45
Views: 2770

Re: How Many Brokerage Companies Are Too Many?

Two - Vanguard for mutual funds in a taxable brokerage, Fidelity for everything else. Once they make ETFs more convenient I'll probably convert the Vanguard funds and transfer them to Fidelity.
by arf30
Wed Sep 23, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis problem transfer of assets from Vanguard to Schwab
Replies: 30
Views: 1622

Re: Cost Basis problem transfer of assets from Vanguard to Schwab

I know at Fidelity there's a button to edit/update cost basis when viewing your holdings, maybe Schwab has the same thing somewhere?
by arf30
Tue Sep 22, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: Fidelity lets clients now trade fractional shares of stocks and ETFs
Replies: 198
Views: 19930

Re: Fidelity lets clients now trade fractional shares of stocks and ETFs

I did a test drive of the fractional buying this morning and it's a pretty clunky process compared to mutual funds. The android app is pretty buggy - if you tap a blank area (outside of the input fields) it'll reset you to buying by number of shares and hide the dollar amount input. Then I did a lim...
by arf30
Fri Sep 18, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: New X1 Credit Card (3%)
Replies: 15
Views: 2450

Re: New X1 Credit Card (3%)

From what I've heard you won't be able to redeem for 3% statement credit or cash back, which makes the card a bit of a bait and switch - they'll start gradually devaluing the points over time as other similar programs have done.
by arf30
Fri Sep 18, 2020 10:51 am
Forum: Personal Investments
Topic: Fidelity Brokerage - Fund purchase from linked account?
Replies: 16
Views: 836

Re: Fidelity Brokerage - Fund purchase from linked account?

You can only fund purchases directly from checking accounts with mutual funds, stocks/ETFs have to transfer in as cash and then can be traded once settled. If you have margin enabled it might be possible to trade immediately with a margin loan before the bank transfer completes, but I've never tried...
by arf30
Thu Sep 17, 2020 5:22 pm
Forum: Personal Consumer Issues
Topic: Google Voice number
Replies: 15
Views: 1125

Re: Google Voice number

Google Voice is like having a virtual cell phone - I have it set to never ring, so I'm comfortable giving out the number anywhere and it keeps my real phone number from being spammed. Also in places where you're forced to use SMS based MFA it's considered a bit more secure than a real cell phone num...
by arf30
Tue Sep 15, 2020 7:01 am
Forum: Investing - Theory, News & General
Topic: VT as single fund, now post covid recession
Replies: 20
Views: 1525

Re: VT as single fund, now post covid recession

dandydoc wrote: Tue Sep 15, 2020 6:40 am Now that we are post covid recession
Huh?
by arf30
Tue Sep 15, 2020 6:59 am
Forum: Personal Consumer Issues
Topic: Sell My Car To Carvana?
Replies: 25
Views: 2398

Re: Sell My Car To Carvana?

I sold a car to them, but I probably wouldn't buy from them - they bought my car sight unseen in under 10 minutes and it was up for sale on their website 2 days later. My car happened to be in good shape but I don't think they're doing much to check vehicles they sell for issues.
by arf30
Mon Sep 14, 2020 1:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 149
Views: 15860

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Did the link to the online conversion tool ever get posted here? I never got an email or popup. Or have they backed off on online conversions and it has to be done via secure message now?
by arf30
Mon Sep 14, 2020 7:37 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401101

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I contacted with my local Chase bank branch representative about this offer and representative called back and clarified that only cash of 200k+ can be brought in and not existing ETF's or stocks from other brokerages. I already have an YouInvest account with Chase. This is common with Chase, you m...
by arf30
Mon Sep 14, 2020 7:35 am
Forum: Investing - Theory, News & General
Topic: Dollar Limits on ACH or EFT transfers for online banking
Replies: 14
Views: 955

Re: Dollar Limits on ACH or EFT transfers for online banking

I've used brokerages for high limit EFT, Fidelity is 250k/day and Schwab is probably similar. Banks around here have lower limits unless you've got a high end checking account or private banking status.
by arf30
Sat Sep 12, 2020 6:17 pm
Forum: Personal Investments
Topic: Ally Bank Not Reliable
Replies: 50
Views: 4878

Re: Ally Bank Not Reliable

I would expect more internet chatter about it because it's one of the country's largest, if not the largest, online banks. It has no local customer service people to complain with. People will turn to the internet at a way higher rate than with BOFA, even if Ally has more problems. I would be frust...
by arf30
Sat Sep 12, 2020 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Would you fire your financial advisor for this error?
Replies: 45
Views: 4794

Re: Would you fire your financial advisor for this error?

I think this is my general problem with advisors, not that they charge fees, but that they're handling a hundred other accounts and only take a quick glance at yours when you call. It only becomes truly personal when you hit the private banking level.
by arf30
Fri Sep 11, 2020 8:25 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lets clients now trade fractional shares of stocks and ETFs
Replies: 198
Views: 19930

Re: Fidelity lets clients now trade fractional shares of stocks and ETFs

Tc99 wrote: Fri Sep 11, 2020 8:18 pm It looks like Fidelity is now offering fractional shares on their website for those interested.
I'm not seeing that, maybe it's a slow rollout. What account types are you seeing it in?
by arf30
Fri Sep 11, 2020 9:26 am
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 3857

Re: Is it Possible to Opt-out of Fidelity Premium Services?

statefan03 wrote: Fri Sep 11, 2020 7:43 am Premium Services gives you the "Performance Tab" which others don't see. It has some useful information.
I think the performance tab is rolling out to everyone, because I've got it and I don't see anything about being a premium service member.
by arf30
Tue Sep 08, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Butcher Box
Replies: 26
Views: 4441

Re: Butcher Box

We subscribed to this for 3-4 months this past winter when it was hard to get meat due to the virus. When things settled down we canceled it - our local grocery stores were cheaper and higher quality. The cuts they sent also felt a little stingy size wise.
by arf30
Mon Sep 07, 2020 7:04 pm
Forum: Investing - Theory, News & General
Topic: reliable brokerage platform
Replies: 17
Views: 1132

Re: reliable brokerage platform

Interactive Brokers, Schwab, Fidelity are rock solid (as much as it gets in the financial industry). Vanguard, Merrill, Chase, etc are fine for passive investing when you don't mind the occasional outage now and then.
by arf30
Mon Sep 07, 2020 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Cash App linked to Vanguard Brokerage to pay bills
Replies: 19
Views: 1320

Re: Cash App linked to Vanguard Brokerage to pay bills

Look at Fidelity or Schwab, Vanguard doesn't do cash management accounts anymore.
by arf30
Mon Sep 07, 2020 9:11 am
Forum: Investing - Theory, News & General
Topic: Why do people end up with 10-15 funds in their 401k?
Replies: 50
Views: 2993

Re: Why do people end up with 10-15 funds in their 401k?

I've worked at several places where the 401k provider contacts employees to pitch advisory services (including Fidelity), once you authorize them they'll go into your account and swap you into high cost funds.
by arf30
Sun Sep 06, 2020 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 1.3 mil house?
Replies: 36
Views: 3562

Re: Can I afford a 1.3 mil house?

The general rule is do not exceed 3x income, so 270k income = 810k house upper limit.
by arf30
Sat Sep 05, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5501

Re: What is PenFed good at?

I don't have accounts there but they're known for competitive auto financing, including rare cars that most banks won't touch.
by arf30
Sat Sep 05, 2020 9:21 am
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 10160

Re: Is it really passive index if S&P actively excludes Tesla?

I hold total market but I can understand the decision to exclude Tesla from S&P until it stabilizes - they're looking to prevent speculators from from manipulating the index at the expense of passive investors (SoftBank, DAX Wirecard, etc).
by arf30
Thu Sep 03, 2020 6:23 pm
Forum: Personal Consumer Issues
Topic: Chase Freedom Unlimited Visa
Replies: 14
Views: 1794

Re: Chase Freedom Unlimited Visa

Even with the new changes it's not a very interesting card (unless you're a Sapphire card holder). The 3% dining/delivery might be decent after the pandemic.
by arf30
Thu Sep 03, 2020 8:35 am
Forum: Personal Investments
Topic: Chase You Invest for Taxable Account
Replies: 31
Views: 5018

Re: Chase You Invest for Taxable Account

Wow, an advertisement in a checking account transaction ledger is something I've never seen before.
by arf30
Wed Sep 02, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: PC Build Thread 2020
Replies: 146
Views: 9287

Re: PC Build Thread 2020

I recently did a very similar build, but with a 1TB Evo 970 M.2 NVMe and an Nvidia 2080S card for the superior drivers. You can probably save money on ram and do 2x8 for 16GB - 4 sticks have a performance penalty on AMD.
by arf30
Sat Aug 29, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase closed my accounts and banned me and I don’t know why
Replies: 48
Views: 7561

Re: Chase closed my accounts and banned me and I don’t know why

For those saying a possible closure reason is due to bonus chasing, why didn’t that come up during the account opening stage? What do they look at AFTER you open an account that they didn’t look at WHILE you opened the account? The fraud matching and disqualification systems aren't real time, they'...
by arf30
Sat Aug 29, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chase closed my accounts and banned me and I don’t know why
Replies: 48
Views: 7561

Re: Chase closed my accounts and banned me and I don’t know why

Somewhat common with Chase, they're known to be trigger happy with account shutdowns. Wouldn't waste time trying to get it reversed, just move on.
by arf30
Tue Aug 25, 2020 6:43 pm
Forum: Investing - Theory, News & General
Topic: Why does Vanguard hide its phone number?
Replies: 52
Views: 4596

Re: Why does Vanguard hide its phone number?

It's too late to help the thread author - but if you use the Vanguard high security mode you should have at least 3 browsers authenticated with the cookie. Same goes for Yubikey and other token systems, best practice is to have 3 and test them regularly.
by arf30
Tue Aug 25, 2020 12:55 pm
Forum: Personal Investments
Topic: Wealth Management groups -- why used if don't make financial sense
Replies: 24
Views: 1517

Re: Wealth Management groups -- why used if don't make financial sense

People are rich, busy, and not experts in investing, so they leave it to "the professionals".
by arf30
Tue Aug 25, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Fidelity Baskets vs. M1 Pies
Replies: 19
Views: 1319

Re: Fidelity Baskets vs. M1 Pies

I don't use M1 but I don't think baskets is intended to be comparable - it's pretty basic and has been around forever with minimal changes/updates.
by arf30
Mon Aug 24, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring Money from Bank to Brokerage Account
Replies: 18
Views: 771

Re: Transferring Money from Bank to Brokerage Account

I always pull from the brokerage side via ACH, brokerages have very high limits and banks tend to not place limits on pulls.
by arf30
Mon Aug 24, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: My experience with BoA / Merrill Edge
Replies: 18
Views: 1857

Re: My experience with BoA / Merrill Edge

Had a mortgage sold to BoA and that was enough exposure to realize I shouldn't do banking or investing there. If you feel the credit card rewards are worth it I'd just park the minimum amount necessary and leave investments with the experts at Schwab, Fidelity, etc.
by arf30
Sat Aug 22, 2020 5:45 pm
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 215
Views: 36767

Re: You Invest by JP Morgan Chase

Do YouInvest IRAs still not count toward minimum balance requirements for the high end Chase checking accounts? It's hard to tell from the fine print on the banking pdfs. It'd be nice to move an IRA there for the YouInvest bonus (I don't trust them with my taxable accounts). Kind of a strange decisi...
by arf30
Sat Aug 22, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: Cord cutting 2020 - Youtube TV
Replies: 28
Views: 2700

Re: Cord cutting 2020 - Youtube TV

We did the free trial plus another month - the service is very good but too expensive. We might try Philo next, it's only $20 but doesn't include sports.
by arf30
Fri Aug 21, 2020 8:06 pm
Forum: Investing - Theory, News & General
Topic: Submitting an ETF sell order at Fidelity outside of market hours
Replies: 16
Views: 880

Re: Submitting an ETF sell order at Fidelity outside of market hours

Since it's VTI I'd probably do a market order and then switch to mutual funds which are a better fit for the situation you've described.
by arf30
Thu Aug 20, 2020 6:50 pm
Forum: Personal Consumer Issues
Topic: Simplisafe in 2020
Replies: 25
Views: 2792

Re: Simplisafe in 2020

I'd be cautious with WiFi based alarm systems, they're easily jammed from inside a car a block away - but that's just me.
by arf30
Thu Aug 20, 2020 8:13 am
Forum: Personal Investments
Topic: Moving from vanguard, what to do with funds?
Replies: 27
Views: 1922

Re: Moving from vanguard, what to do with funds?

Convert to ETF and transfer to brokerage of choice, preferably for a bonus.
by arf30
Thu Aug 20, 2020 5:55 am
Forum: Investing - Theory, News & General
Topic: Investment strategies for high net worth individuals
Replies: 56
Views: 5288

Re: Investment strategies for high net worth individuals

I'd say the direct indexing strategy becomes worth it when the tax savings + avoiding index fund ER becomes greater than the 150k/year salary you'd pay a guy to run your family office and do the direct indexing. Probably somewhere North of 50 million.
by arf30
Wed Aug 19, 2020 9:45 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401101

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Sure. There isn't much to know, however. You need a margin account with marginable securities. Then you simply make a withdrawal that exceeds the amount of cash you have. You can take it as a wire transfer, ACH, check, or you can spend money on the debit card they give you or use bill pay. What is ...
by arf30
Wed Aug 19, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2412
Views: 401101

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Sure. There isn't much to know, however. You need a margin account with marginable securities. Then you simply make a withdrawal that exceeds the amount of cash you have. You can take it as a wire transfer, ACH, check, or you can spend money on the debit card they give you or use bill pay. What is ...
by arf30
Wed Aug 19, 2020 12:29 pm
Forum: Personal Investments
Topic: VTSAX periodic investing in Chase
Replies: 14
Views: 851

Re: VTSAX periodic investing in Chase

That usually just means that when you buy, it must result in a balance of at least $3,000 in the fund. If you've already got 3 grand or more in there, you can usually buy in any amount.
by arf30
Mon Aug 17, 2020 5:32 pm
Forum: Personal Consumer Issues
Topic: Is Ting messing with us?
Replies: 23
Views: 2108

Re: Is Ting messing with us?

I used to have Ting but suffered on Sprint's network - switched to Cricket (ATT network) and now pay $30 including taxes and fees.
by arf30
Sun Aug 16, 2020 8:15 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 9
Views: 851

Re: Converting VTSAX to VTI

Curious about this topic as well, as I plan to eventually convert to ETF and transfer out. I'll probably wait until the conversion can be done through the website.
by arf30
Sun Aug 16, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA Provider for Rollover
Replies: 31
Views: 1259

Re: Best HSA Provider for Rollover

Mine's at Fidelity as well, I'm guessing they're going to eat up a lot of the smaller competition. No fees and a ton of investment options.
by arf30
Sun Aug 16, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: in addition to Merrill/BOA: HSBC perks
Replies: 9
Views: 819

Re: in addition to Merrill/BOA: HSBC perks

I always thought it'd be nice to have a premium level account at one of these huge banks for the travel perks (in addition to Schwab/Fidelity cards), but the minimums are high. I guess people are peeling off part of an IRA and parking it at the bank to avoid having to move their taxable brokerage?
by arf30
Sat Aug 15, 2020 3:55 pm
Forum: Personal Investments
Topic: Terrible experience with Ally bank- buyer beware
Replies: 144
Views: 9195

Re: Terrible experience with Ally bank- buyer beware

The world runs on batch jobs (but pretends not to), and they often run slow or get delayed - I send my transactions a day or two early for this reason. I used to manage a team responsible for batch processing at a large company and have seen the chaos firsthand.
by arf30
Sat Aug 15, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Risk with paying someone with a personal check
Replies: 76
Views: 5143

Re: Risk with paying someone with a personal check

For the rare occasions I need a check, I'll either get a cashier's check or use my bank's billpay system, as neither have my account number on them.