Search found 222 matches

by arf30
Tue Oct 16, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 7
Views: 337

Re: Transfer VTSAX & VTIAX to Chase You Invest?

I've read you can transfer them in but not buy new shares, but check with Chase and update back here.
by arf30
Tue Oct 16, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1235
Views: 213760

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I think instead of transferring assets in, most churners have been talking about moving 75k of cash in (bank bonus churners keep a lot of cash handy), buying ETFs or MM funds, then selling them after the time limit and moving the cash out. Capital gains would be reasonable and no outgoing acats fee....
by arf30
Mon Oct 15, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best Checking/ System for Cash Management/ Sweeping?
Replies: 11
Views: 1353

Re: Best Checking/ System for Cash Management/ Sweeping?

The wording on Fidelity's site is vague/incorrect and even their own reps are confused but the 1% foreign transaction fee is only on the debit side.
by arf30
Sun Oct 14, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Recommendation for an ergonomic chair (staples)
Replies: 17
Views: 830

Re: Recommendation for an ergonomic chair (staples)

Don't buy a chair blindly online, find a store nearby that retails Herman Miller or Steelcase and go sit in the chairs for 30 minutes.
by arf30
Sat Oct 13, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1235
Views: 213760

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I got a targeted offer from BoA for $300 to open a checking account - would it be possible to also open a Merrill Edge account with 200k to get an additional $600 bonus, then move another 200k a few months later for the $900 bonus for existing ME customers, then open a Premium Rewards card for the $...
by arf30
Sat Oct 13, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in target date fund or do myself? Poor return Schwab Private Client
Replies: 22
Views: 1999

Re: Invest in target date fund or do myself? Poor return Schwab Private Client

Schwab has good target funds, you could just convert to those instead of moving everything to another brokerage.
by arf30
Sat Oct 13, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Money Market vs Online Savings Account
Replies: 3
Views: 593

Re: Vanguard Money Market vs Online Savings Account

VMFXX is something like 70% state/local tax exempt, VUSXX is 100% exempt. Savings accounts are taxed at the marginal tax rate.
SLHI wrote:
Sat Oct 13, 2018 3:55 pm
To my understanding, your bank account and a vanguard money market are taxed the same.
by arf30
Sat Oct 13, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Federal Money Market compared to Prime Money Market
Replies: 19
Views: 2053

Re: Vanguard Federal Money Market compared to Prime Money Market

VMMXX is subject to restrictions like floating NAV, redemption gates/fees, that could cause you to lose money or not be able to withdraw during a crisis. VMFXX is classified as a federal money market fund and does not have these restrictions. This is the reason brokerages use federal money market fu...
by arf30
Fri Oct 12, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 56
Views: 4787

Re: Does Fidelity offer the best index products for a passive investor compared to Vanguard

Vanguard would be the only place I'd do mutual funds in a taxable account due to tax efficiency. They also have better money market funds than anyone else. Everything else is pretty equal or better at competitors.
by arf30
Thu Oct 11, 2018 5:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: livesoft is almost at 50,000 posts...
Replies: 75
Views: 9529

Re: livesoft is almost at 50,000 posts...

It's less impressive when you consider livesoft earns 5x the posts by posting with the Bogleheads Sapphire Reserve card.
by arf30
Wed Oct 10, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575173

Re: What's Your Credit Card Rewards Strategy?

I think our math is similar, here's my rough calculation assuming 1.5 cents per UR. I'll probably stick with the Citi card until I've got a big travel year.

Citi DC: 25k * .02 = $500

CFU: 20k * 1.5 = UR30k
CSR: 5k * 3 = UR15k
CSR + CFU: UR45k * 1.5 = 67.5kUR
Total 67.5kUR = $675 - $150AF = $525
by arf30
Wed Oct 10, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Best Checking/ System for Cash Management/ Sweeping?
Replies: 11
Views: 1353

Re: Best Checking/ System for Cash Management/ Sweeping?

Fidelity CMA - automatically liquidates MM funds to pay for things, free ATM worldwide Fidelity Brokerage - can be used as a checking account, uses a money market fund as core position VanguardAdvantage - checking that uses a money market fund as core position, requires 500k at Vanguard Chase - can ...
by arf30
Wed Oct 10, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group: New Advisor
Replies: 17
Views: 1609

Re: Fidelity Private Client Group: New Advisor

These are sales jobs lightly disguised as "advisors" and tend to have high turnover across all firms, in my experience.
by arf30
Tue Oct 09, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575173

Re: What's Your Credit Card Rewards Strategy?

Would it make sense to have the CSR + CFU combo if I'd be spending 20k/year on the CFU for general spending but only about 3-4k on the CSR for travel and dining? I'm guessing this would be 40k UR points a year, but not sure how that would compare to the ~$500 per year cash back I normally get from t...
by arf30
Mon Oct 08, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs
Replies: 23
Views: 2049

Re: Fidelity 1.8% money market fund with unlimited checkwriting and free ATMs

BTW, how does the rate compare to Vanguard Federal Money Market Fund (VMFXX)? Which yield and do you subtract out the expense ratio? 7 day SEC yield 2.03% Compound yield 2.05% Expense ratio 0.11% Look at the 7 day SEC or compound yield to get a sense of the return, they're usually nearly identical....
by arf30
Mon Oct 08, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Cap One vs Fidelity CC My experience so far
Replies: 7
Views: 848

Re: Cap One vs Fidelity CC My experience so far

It probably makes more sense to compare Citi Double Cash to Fidelity Visa and the Quicksilver to Freedom Unlimited.
by arf30
Sun Oct 07, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Taxable - Would you switch from Vanguard to Fidelity (iShares ETFs) for $1000 a year?
Replies: 19
Views: 2254

Re: Taxable - Would you switch from Vanguard to Fidelity (iShares ETFs) for $1000 a year?

If you're moving that much money to Fidelity I'd make sure to grab the free trades offer on the way in. Then you can continue buying Vanguard ETFs for free. Personally I don't mess with margin and overdraft, I just hold enough cash + money market in the CMA for expenses and emergencies and transfer ...
by arf30
Fri Oct 05, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Number of mutual funds offered in JP Morgan Chase "You Invest"
Replies: 10
Views: 775

Re: Number of mutual funds offered in JP Morgan Chase "You Invest"

They have several Fidelity and Vanguard indexes on this list. I guess fidelity would be cheaper with the share class consolidation and reduction in fees. They also have the Hartford family load waived which has several funds managed by Wellington. I'd probably just use ETFs in a taxable brokerage, ...
by arf30
Wed Oct 03, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Bank
Replies: 3
Views: 411

Re: Simple Bank

Have looked at them in the past - slick app and website. Cons are no checkwriting, small ATM network, and they use someone else's bank under the hood instead of operating their own so when problems happen they may be out of their control.
by arf30
Mon Oct 01, 2018 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity takes 10 days for funds available to trade
Replies: 4
Views: 513

Re: Fidelity takes 10 days for funds available to trade

The 10 day hold is definitely a new customer thing. One problem with Fidelity is their front line customer service will give different or wrong answers every time you call.
by arf30
Mon Oct 01, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575173

Re: What's Your Credit Card Rewards Strategy?

I'm sure I could get more bang for my buck with Chase Sapphire but still can't wrap my head around the annual fee. From what I hear from friends it's pretty easy to exceed the annual fee on the CSR (which is only $150 after the $300 travel credit) by using the Freedom cards for every day spending a...
by arf30
Mon Oct 01, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 35
Views: 6212

Re: Fidelity Money Market Funds for everyday expenses

Maybe i need to try something similar. Right now i am using SPRXX in a brokerage account which funds an CMA account for all daily spending. The hassle is remembering twice a month to txfr cash (direct deposit) from the CMA to the brokerage and buy more SPRXX. I'm not about to invest in the time to ...
by arf30
Sun Sep 30, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 35
Views: 6212

Re: Fidelity Money Market Funds for everyday expenses

You don't need to keep $500 (or any amount) in the CMA for ATM. If you use your ATM card, fidelity will sell enough SPAXX to cover the withdrawal. --vtMaps I know - I keep the overdraft feature disabled to prevent debit card fraud from draining the main account. That limits my risk to about $500 un...
by arf30
Sun Sep 30, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 35
Views: 6212

Re: Fidelity Money Market Funds for everyday expenses

Fidelity treats all MM funds as cash and will liquidate as needed to cover transactions - it's that simple. Personally I'm lazy, I just use a brokerage account as a checking+savings account, 100% SPAXX, direct deposit and all. I keep about $500 cash in the CMA using the cash manager to cover the occ...
by arf30
Thu Sep 27, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my new Fidelity accounts
Replies: 4
Views: 778

Re: What to do with my new Fidelity accounts

Fidelity has super powerful accounts compared to other banks/brokerages I've used: Fidelity CMA: It's a checking account. It's also a brokerage account, so you can optionally hold money market funds and CDs here for a combined checking + savings account. Some people don't like mixing, so you don't h...
by arf30
Thu Sep 27, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Am I the only one...[using multiple accounts]
Replies: 27
Views: 1362

Re: Am I the only one...[using multiple accounts]

This is what YNAB (or equivalent budgeting tool of choice) is for, it puts a layer of abstraction on top of your existing account(s) and splits your money into envelopes. When you look at your budget in YNAB it doesn't matter where the money actually lives, just that the envelope for a specific budg...
by arf30
Wed Sep 26, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: Bosch dishwasher odor
Replies: 56
Views: 4817

Re: Bosch dishwasher odor

Thanks, I'll give this a shot. We're using rinse aid. Bosch uses condensation drying which doesn't do well with plastics. Make sure you use a rinse aid. You can always turn on their secret "Intensive Drying" option. 1) With the dishwasher off, press the On button. 2) Hold down the “A” button (This i...
by arf30
Tue Sep 25, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Bosch dishwasher odor
Replies: 56
Views: 4817

Re: Bosch dishwasher odor

Have had a Bosch 500 for about 4 years with no odor issues - it's super quiet and cleans well, but doesn't dry the dishes at all, they're soaking wet after running the machine.
by arf30
Mon Sep 24, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 63
Views: 7249

Re: Preparing for My First Recession?

Smells like market timing, increase your emergency fund and/or bond allocation to whatever level allows you to sleep at night and change nothing else.
by arf30
Sun Sep 23, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: How to set up direct deposit to Vanguard Prime Money Market?
Replies: 29
Views: 3267

Re: How to set up direct deposit to Vanguard Prime Money Market?

I am not even sure why Vanguard made our settlement account Vanguard Federal Money Market Fund (that's worse than Prime MM)... This is due to money market reform in 2016, brokerages must now use federal MM funds as settlement accounts (or FDIC cash) because prime MM funds are subject to floating NA...
by arf30
Fri Sep 21, 2018 6:28 pm
Forum: Investing - Theory, News & General
Topic: Chase You Invest, is low cost the new default?
Replies: 13
Views: 1682

Re: Chase You Invest, is low cost the new default?

I've heard there will be a sign up bonus for Sapphire checking, but I'm surprised there isn't a sign up bonus for the brokerage side - maybe that's coming soon.
by arf30
Fri Sep 21, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 30
Views: 1323

Re: Does your Capital One 360 reimburse international ATM?

From https://www.magnifymoney.com/blog/eliminating-fees/5-best-online-checking-accounts-2016: "There is one big difference to Schwab: if you get charged for using your ATM outside of the country, that fee will not be reimbursed." Even their own website claims only "Nationwide ATM reimbursement": ht...
by arf30
Fri Sep 21, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 30
Views: 1323

Re: Does your Capital One 360 reimburse international ATM?

If there's a Capital One checking account that does refund ATM I'd be curious to know what it is, because friends/family I know who have them aren't getting ATM refunds currently. Actually some Capital One products do reimburse surcharges. 360 accounts do not reimburse , but they have surcharge free...
by arf30
Fri Sep 21, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders
Replies: 20
Views: 5672

Re: Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders

So basically the investor doesn't pay a $5 commission to buy those 50 shares of stock, but the overall purchase costs them $5 or more overall because they pay a higher price in the market.
by arf30
Fri Sep 21, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Does your Capital One 360 reimburse international ATM?
Replies: 30
Views: 1323

Re: Does your Capital One 360 reimburse international ATM?

Capital One does not refund ATM fees, but not all ATMs abroad charge fees like they do in the US.
by arf30
Thu Sep 20, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: Chase You Invest, is low cost the new default?
Replies: 13
Views: 1682

Re: Chase You Invest, is low cost the new default?

It's intended as a competitor to BoA/Merrill Edge, which also has various ways to get free trades.

The catch is it's Chase, so they could change the pricing at any point in the future. There's also a $75 fee if you want to transfer assets out of the account.
by arf30
Thu Sep 20, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 46
Views: 14272

Re: Review after one month with Fidelity Cash Management

I noticed today that the mobile app shows my check deposit limit as 10k for both CMA and brokerage instead of the 25k it used to show. Not sure if this is a global change or just my account, even though I've got more money at Fidelity now than in the past.
by arf30
Thu Sep 20, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs vs Traditional Mutual Funds
Replies: 5
Views: 456

Re: Vanguard ETFs vs Traditional Mutual Funds

The industry trend does seem to be toward ETFs, with some exceptions like the new Fidelity Zero funds. I wish there were better tools for automated ETF investing. On the other hand Vanguard could be rolling out new funds as ETFs first to accumulate AUM in the open market, then later roll out a mutua...
by arf30
Thu Sep 20, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575173

Re: What's Your Credit Card Rewards Strategy?

I only have 3 cards for simplicity (and to avoid confusing my SO), but this thread has me thinking about opening a Chase Sapphire Reserve card + Chase Sapphire checking account to get a bunch of bonus points towards travel. Chase Amazon Visa: 5% Whole Foods, Amazon.com, 2% Restaurants, Gas Fidelity ...
by arf30
Wed Sep 19, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 139
Views: 8724

Re: Physical Banking - Any benefits anymore?

I had TD until last year and closed my account for similar reasons - the annoying minimum balance and ancient website and app. Ally, Fidelity, Schwab are all good online only options with no minimums, free ATM and good technology.
by arf30
Wed Sep 19, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: BofA/Merrill Edge or Chase Sapphire Banking/CPC?
Replies: 43
Views: 4232

Re: BofA/Merrill Edge or Chase Sapphire Banking/CPC?

Having trouble finding screenshots of the You Invest interface - does the portfolio builder give you a shortcut to quickly buy a group of ETFs? It sounds similar to Fidelity's basket trading (which is kind of terrible).
by arf30
Wed Sep 19, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: BofA/Merrill Edge or Chase Sapphire Banking/CPC?
Replies: 43
Views: 4232

Re: BofA/Merrill Edge or Chase Sapphire Banking/CPC?

Is a Sapphire branded card required to spend or cash out the UR points from this checking account bonus?
by arf30
Wed Sep 19, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 56
Views: 4790

Re: Should I bother meeting with a Chase Private Client Rep

Go to the meeting and report back here. The no fee checking account is nice but the investment side will likely be poor.
by arf30
Tue Sep 18, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: With expense-free funds, are other Fidelity fund obsolete?
Replies: 7
Views: 567

Re: With expense-free funds, are other Fidelity fund obsolete?

Until these mutual funds are as tax efficient as ETFs and Vanguard mutual funds I don't think other funds will be obsolete for investing in taxable accounts.
by arf30
Tue Sep 18, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 7866

Re: I see now why Rollovers can take FOREVER ....

Not exactly the same thing, but I just did an ACATS transfer of a Roth IRA from Vanguard to Fidelity in under a week, fully online, without talking to anyone. Some institutions try to be difficult on purpose so you leave the accounts with them.
by arf30
Thu Sep 13, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: BofA/Merrill Edge or Chase Sapphire Banking/CPC?
Replies: 43
Views: 4232

Re: BofA/Merrill Edge or Chase Sapphire Banking/CPC?

I'm very interested in this topic - people seem to prefer BoA/ME, but I'm generally suspicous of BoA and their software seems clunky. I could also park an IRA at Chase to qualify for CPC, they seem to have a slicker website, but I'm not sure what their investing platform looks like.
by arf30
Wed Sep 12, 2018 6:57 am
Forum: Investing - Theory, News & General
Topic: Money Market Redemption Gate
Replies: 18
Views: 1148

Re: Money Market Redemption Gate

Federal money market funds (VMFXX, SPAXX) don't have the redemption gates and other restrictions that Prime MM funds have, you could use one of those. The fund will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets f...