Search found 541 matches

by arf30
Wed Sep 11, 2019 4:34 pm
Forum: Personal Investments
Topic: Hold Physical Cash if Rates Go Negative?
Replies: 39
Views: 4862

Re: Hold Physical Cash if Rates Go Negative?

I'm curious how the average American would react to banks deducting interest from their checking/savings accounts, I'm guessing it would be a national freak out for a few weeks until everyone gets used to it. The better online banks will probably keep their rates at zero.
by arf30
Mon Sep 09, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Banks requiring fingerprint on a check for non-customers to receive cash
Replies: 87
Views: 5619

Re: Banks requiring fingerprint on a check for non-customers to receive cash

I'm surprised a bank will just let someone walk in with a check and walk out with cash, usually when I deposit one they put a hold on the funds for a few days.
by arf30
Sat Sep 07, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: BofA ShopSafe going away
Replies: 97
Views: 6008

Re: BofA ShopSafe going away

I've been using the capital one virtual card numbers for things like gym memberships that will "accidently" bill you the month after you cancel. I'm surprised this isn't a more widespread feature.
by arf30
Fri Sep 06, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: A brief report on a meeting with a Chase Private Client Banker
Replies: 22
Views: 4192

Re: A brief report on a meeting with a Chase Private Client Banker

I've read that you can opt for the JP Morgan self directed brokerage account (different from YouInvest) when signing up for CPC, but you have to sit through the managed account sales pitch first. It seems like a lot of effort for a $1200 bonus but could be worth it for a relationship mortgage rate.
by arf30
Thu Sep 05, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

I wouldn't read too much into the mobile deposit limits. I've been a customer for years with significiant balance and have seen the deposit limit fluctuate between 25k-100k at random. It's probably linked to how many overall deposits have happened that day.
by arf30
Tue Sep 03, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: Testing home drinking water
Replies: 7
Views: 673

Re: Testing home drinking water

I'd like to know this too.. the water company where I live is too incompetent to properly test our water (we've tried several times, they either lose the samples or send us someone else's results) and the kits on Amazon/Home Depot have bad reviews.
by arf30
Mon Sep 02, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: new laptop - Windows S Mode??
Replies: 21
Views: 1443

Re: new laptop - Windows S Mode??

oldcomputerguy wrote:
Mon Sep 02, 2019 2:16 pm
For those (like me) who have not made the transition to Windows 10, what is "S mode"?
The 3rd post describes it, a locked down version that only allows software installs from the app store (similar to an iOS device).
by arf30
Mon Sep 02, 2019 2:15 pm
Forum: Personal Consumer Issues
Topic: new laptop - Windows S Mode??
Replies: 21
Views: 1443

Re: new laptop - Windows S Mode??

Sounds like it's probably worth doing a reinstall without S mode, a bit of upfront hassle will save a lot of headache in the long run.
by arf30
Sat Aug 31, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: I have 8 checking accounts?????
Replies: 32
Views: 4335

Re: I have 8 checking accounts?????

The basic Chase accounts don't make for great backup checking, to avoid fees you either need direct deposit, $1500 sitting in the account doing nothing, or a ton of other assets with the bank. A backup checking should be low or no minimum, and maybe have a local branch or two.
by arf30
Wed Aug 28, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 162
Views: 26836

Re: Cash - Throw it all on the table!!!

We use the "envelope system" style budgeting with a single checking account doing all the work, meaning on the first of the month it has just enough in it to cover the upcoming month's bills. At the end of the month after bills went out and paychecks came in we sweep anything left into savings/inves...
by arf30
Tue Aug 27, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Billing Dispute/High Spender/WWYD
Replies: 26
Views: 2857

Re: Credit Card Billing Dispute/High Spender/WWYD

In my experience BofA has a "deny claim and hope you give up" type approach for larger disputes, vs AMEX who has more of a "refund immediately, investigate later" approach. You'll probably go through the claim denied/appeal/escalate loop a few times until you get your money back. Luckily this is on ...
by arf30
Mon Aug 26, 2019 11:28 am
Forum: Personal Investments
Topic: Need Advice: Checking/Savings Accounts
Replies: 22
Views: 2109

Re: Need Advice: Checking/Savings Accounts

Have got checking at an online bank, savings in VUSXX at Vanguard, and a backup checking with $100 in it at a local bank that we haven't touched in years. No need to complicate any more than that.
by arf30
Wed Aug 21, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 16863

Re: White collars- How much is your work downtime?

IT management role - usually 50%, but as high as 90% in the summer (slow period for my industry).

They're paying to have someone with your skillset and experience on staff, not to have you working at all times.
by arf30
Wed Aug 21, 2019 8:30 am
Forum: Personal Investments
Topic: Turn off auto-reinvest dividends?
Replies: 17
Views: 1824

Re: Turn off auto-reinvest dividends?

If you turn off dividends make sure to enable the option to transfer dividends to your checking account, that way they won't sit in the settlement fund. Then you can either spend them or include them in your next transfer back when buying more funds, depending on what phase of life you're in.
by arf30
Wed Aug 21, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 290
Views: 29176

Re: Relationship mortgage discounts for moving a million assets

What's the strategy with all the ARMs in this thread, pay a low rate now and refi into a 30 year if rates go up?
by arf30
Tue Aug 20, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

I've used cashier's checks for a condo downpayment and for buying cars, but they're both infrequent - maybe two per decade on average.

For foreign currency I just hit up an ATM when I land or exchange at the airport, depending on how modern the destination is.
by arf30
Tue Aug 20, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

While I don't use Fidelity as a one-stop-shop (so not entirely on topic), I would add here that I recently discovered if I initiate an ACH transfer at Fidelity early in the morning the funds arrive at my B&M bank later that same day. Generally, is that a function solely of Fidelity, or does it also...
by arf30
Sun Aug 18, 2019 7:24 pm
Forum: Personal Consumer Issues
Topic: Ethernet, MoCA, House Wiring
Replies: 23
Views: 1824

Re: Ethernet, MoCA, House Wiring

I've had good luck replacing phone and coax jacks with Ethernet - the electricians tied cat6 cables in each room and then pulled the old lines out to draw the new cabling through. I then dropped mesh WiFi routers on a few of the new Ethernet ports and the house was covered.
by arf30
Tue Aug 13, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

For now, in addition to keeping our EF in auto-rolling 6 month Treasury ladders, we put some short term funds for some repair work in 1 month T-bills. Current yield is 2.09% but TEY (for 24% Fed, 9.3% CA) is 2.38%. If I had larger cash allocation, I would place them in VUSXX in our Vanguard account...
by arf30
Mon Aug 12, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 6083

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

We'd give up a free 5k worth of bonuses per year if we gave up CCs. So, I'll keep using them for that reason alone. Not to mention all the protections that are built in. Doesn’t churning credit cards to get the bonuses wreck your credit? Obviously not or you wouldn’t be doing it. But it seems your ...
by arf30
Mon Aug 12, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

The CMA has features that the regular brokerage does not. Can you elaborate on those additional features? The only one I know about is reimbursed ATM fees and I get that on my Fidelity brokerage account due to our total assets with them. So having looked at the Fidelity CMA, I've never seen a compe...
by arf30
Mon Aug 12, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 6083

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

I get why someone interested in "living off the grid" might only use cash and checks in place of credit cards if that's their thing, but using debit cards in place of credit cards is a bit silly - they're inferior and carry more risk.
by arf30
Mon Aug 12, 2019 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Apple Card
Replies: 115
Views: 10208

Re: Apple Card

I've got friends who have a single non-rewards card or debit card through their bank but always have the latest iPhone, guessing this is aimed at them. Everyone else is already using better cards.
by arf30
Sat Aug 10, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

So I ran into a snag today (Saturday). I went to a bank of america ATM to withdraw some cash from my CMA (which has overdraft turned on and $0 in it), but the transaction was declined due to insufficient funds. So it did not automatically overdraft any cash into the CMA from the investment account....
by arf30
Thu Aug 08, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: Fidelity highlights its better sweep account yields
Replies: 28
Views: 2914

Re: Fidelity is automatically sweeping new clients’ cash into a money fund with a higher yield than what is paid by many

indexfundfan wrote:
Thu Aug 08, 2019 6:40 pm
Actually, there's maybe one change -- the FDIC option in Fidelity's CMA is now a more respectable 1.08% APY. Previously it was sub-1%.
Ah, now that is an interesting change.
by arf30
Thu Aug 08, 2019 6:27 pm
Forum: Investing - Theory, News & General
Topic: Fidelity highlights its better sweep account yields
Replies: 28
Views: 2914

Re: Fidelity is automatically sweeping new clients’ cash into a money fund with a higher yield than what is paid by many

Is there any actual news here? Logging into Fidelity it looks like the brokerage is still sweeping into the same money market funds it always has.
by arf30
Wed Aug 07, 2019 11:45 am
Forum: Personal Investments
Topic: New Jersey taxes
Replies: 58
Views: 3158

Re: New Jersey taxes

Those must be mansions, because everyone I know in NJ is paying 6-10k per year in property taxes, myself included.
by arf30
Mon Aug 05, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Are Ally ACH transactions always slow?
Replies: 22
Views: 852

Re: Are Ally ACH transactions always slow?

I've noticed Ally defaults to 3 day ACH unless you meet certain requirements for 1 day. It feels a little outdated compared to my local bank, Fidelity and even Vanguard who seem to do 1 day for me in all situations.
by arf30
Sun Aug 04, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 62
Views: 6255

Re: Schwab as a one stop shop

Schwab was excellent but their checking account lacks transaction alerts (or did at the time) which is a deal breaker for us. Customer service was very knowledgeable.
by arf30
Sat Aug 03, 2019 8:12 am
Forum: Personal Investments
Topic: Not sure I could FIRE...boredom might ensue...
Replies: 30
Views: 3929

Re: Not sure I could FIRE...boredom might ensue...

There's two parts to FIRE, having the money to replace your job and having the hobby to replace your job.
by arf30
Fri Aug 02, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Complacency
Replies: 77
Views: 6198

Re: Boglehead Complacency

How many handles to the hogshead?
by arf30
Thu Aug 01, 2019 7:16 pm
Forum: Personal Investments
Topic: Vanguard Frustrations - No Free Trades/Matching Offers
Replies: 75
Views: 3831

Re: Vanguard Frustrations - No Free Trades/Matching Offers

It's been pretty widely discussed here that Vanguard is a bare bones, low cost provider, including customer service. The reps probably don't have the ability to waive fees - don't take it personally, just move your funds to a broker that has the features you need. I personally use a combination of V...
by arf30
Thu Aug 01, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

Although I use the CMA because I prefer having 1 month of expenses in FDIC, the interest you'll make by using the brokerage instead would probably more than offset any ATM fees redunded by the CMA.
by arf30
Tue Jul 30, 2019 6:05 am
Forum: Personal Consumer Issues
Topic: What's your Uber passenger rating?
Replies: 118
Views: 6123

Re: What's your Uber passenger rating?

4.62 - I only use it to go to places drivers hate like the airport or into the city.
by arf30
Wed Jul 17, 2019 6:55 am
Forum: Investing - Theory, News & General
Topic: [Merrill Lynch charges high fees]
Replies: 43
Views: 4340

Re: [Merrill Lynch charges high fees]

There's no point in talking to anyone at Merrill - go talk to a low cost brokerage {Fidelity, Schwab, Vanguard} and have them initiate an asset transfer out of there and you're done.
by arf30
Tue Jul 16, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity & Vanguard check deposit apps
Replies: 4
Views: 437

Re: Fidelity & Vanguard check deposit apps

Your phone should be secured with PIN, password, or fingerprint. If not, don't use it for finances.
by arf30
Sat Jul 13, 2019 9:09 pm
Forum: Personal Investments
Topic: Would you exchange VTSAX to VTI ??
Replies: 42
Views: 3496

Re: Would you exchange VTSAX to VTI ??

I don't really see a reason to convert to ETFs, MFs let me buy directly from a bank account, auto invest on a schedule, can be bought and sold in any dollar amount, and don't require messing around with market or limit orders. There's also a risk they scramble more than a decade of cost basis on my ...
by arf30
Sat Jul 06, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Performing frequent ACATS question
Replies: 9
Views: 462

Re: Performing frequent ACATS question

The risk of cost basis not transferring properly is why I try to do as little ACATS as possible.
by arf30
Thu Jul 04, 2019 12:37 pm
Forum: Personal Investments
Topic: VMRXX vs. UFB Direct MMA
Replies: 3
Views: 185

Re: VMRXX vs. UFB Direct MMA

VMRXX has a 5 million dollar minimum, not sure it's a comparable investment.
by arf30
Tue Jul 02, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1053
Views: 118498

Re: Fidelity as a one stop shop

I've been autopaying the double cash from my CMA with no issues using the longer account number found on the website, vs the shorter one on the checks. Have moved most spending over to the Fidelity card anyway since it automatically sends cash back.
by arf30
Mon Jul 01, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 196
Views: 22565

Re: Man’s life savings stolen from hijacked cellphone number

I've read that Google Voice isn't recommended for 2FA as Google reserves the right to change or revoke your number at any time, whereas the phone company is prevented from doing that by law (not that I recommend SMS for 2FA).
by arf30
Sun Jun 30, 2019 7:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 9351

Re: Vanguard Advertising Mutual Fund to ETF Conversion

If this is only being offered in retirement accounts it might just be an exchange under the hood and not a conversion.
by arf30
Fri Jun 28, 2019 6:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 9351

Re: Vanguard Advertising Mutual Fund to ETF Conversion

My guess would be that since these mutual funds hold ETFs, Vanguard pays the ETF costs + the small additional cost of the mutual fund wrapper. However until ETFs are as convenient to buy (I auto buy directly from my bank account in any dollar amount) I'm not sure how many people will be switching.
by arf30
Thu Jun 27, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor Keeps Mildy Trespassing
Replies: 19
Views: 2970

Re: Neighbor Keeps Mildy Trespassing

After you've tried being nice - fence, cameras, lawyers, in that order. In my experience bending over backwards for people like this will only encourage them.
by arf30
Thu Jun 27, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Chase "You Invest" account - Biggest complaint
Replies: 13
Views: 1574

Re: Chase "You Invest" account - Biggest complaint

Can you clarify? Was just about to have some assets transferred there this week. If you read through this thread, it looks like they allow selling specific lots but use average cost basis for transferred assets. Lots purchased at Chase seem to work properly. https://www.bogleheads.org/forum/viewtop...
by arf30
Thu Jun 27, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Chase "You Invest" account - Biggest complaint
Replies: 13
Views: 1574

Re: Chase "You Invest" account - Biggest complaint

They've got a bunch of Vanguard money market funds available, so holding cash shouldn't be an issue. It would be nice if you could use a real checking account as the settlement fund though. I think the biggest problem with YouInvest is the SpecId cost basis problems people have had when transferring...
by arf30
Wed Jun 26, 2019 5:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 9351

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Vulcan wrote:
Wed Jun 26, 2019 1:01 pm
arf30 wrote:
Wed Jun 26, 2019 12:57 pm
Is there an online process to do the conversion now, or did the popup ask you to call customer service?
There's always been an online process for that.
Where's it located on the site? We're talking about fund conversion, not exchange.
by arf30
Wed Jun 26, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 9351

Re: Vanguard Advertising Mutual Fund to ETF Conversion

Is there an online process to do the conversion now, or did the popup ask you to call customer service?
by arf30
Mon Jun 24, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: citi discontinuing citi price rewind
Replies: 66
Views: 5642

Re: citi discontinuing citi price rewind

Not too surprising as I think everyone knew this program was a bit too good to last. One of the last major differentiators of the double cash card vs other 2% cards.