Search found 614 matches

by mervinj7
Wed Oct 17, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Pay $3/mo. Or keep $5k in HSA
Replies: 5
Views: 403

Re: Pay $3/mo. Or keep $5k in HSA

$3*12=$36/year
$36/$5000=0.72%
If the expected return on your $5000 investment is over 0.72%/year, I would invest it and pay the monthly fee.
by mervinj7
Tue Oct 16, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Finally ready to start investing in RothIRA (23yrs old)
Replies: 12
Views: 707

Re: Finally ready to start investing in RothIRA (23yrs old)

By the way, be aware of investment minimums for index funds. You can get away with smaller values using etfs; they are the same underlying fund. I noticed your specified level in the bond fund is below 3k OP opened his account at Schwab, not Vanguard. There is no minimum for Schwab's bond index fun...
by mervinj7
Tue Oct 16, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Best Checking/ System for Cash Management/ Sweeping?
Replies: 11
Views: 1394

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

It's very confusing, for sure. When I was in Europe and Asia, we used our Fidelity ATM card to withdraw cash with no Foreign Transactions Fees added and all ATM fees refunded. As I understand it, there is a 1% fee if you use your debit to make purchases. However, we used our Chase Visa card for any...
by mervinj7
Tue Oct 16, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 5328

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

True, but wouldn't the ETF share classes be cheaper and without the minimum? True but you need $3 to start a 3 fund portfolio at fidelity and you won't find any ETF under 10$. Also with MF you can invest every last cent but not with ETF unless you use something like M1 or betterment. For smaller ac...
by mervinj7
Mon Oct 15, 2018 10:21 pm
Forum: Investing - Theory, News & General
Topic: Huge drops in VTXVX and VTHRX [Vanguard Target Date Funds]
Replies: 51
Views: 4108

Re: Huge drops in VTXVX and VTHRX [Vanguard Target Date Funds]

There are a lot of these kind of errors floating around VG that aren’t around blackrock, fidelity, schwab, etc... Are you expressing an opinion or do you have facts to support your statement? They are probably referring to the technical issues from last week. https://www.marketwatch.com/story/vangu...
by mervinj7
Mon Oct 15, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best Checking/ System for Cash Management/ Sweeping?
Replies: 11
Views: 1394

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

Are you sure? I'm reading under their 'ATM reimbursement' that they charge a 1% forex at Fidelity. That's not much but eh. I already have Schwab so eh. It's very confusing, for sure. When I was in Europe and Asia, we used our Fidelity ATM card to withdraw cash with no Foreign Transactions Fees adde...
by mervinj7
Mon Oct 15, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: Huge drops in VTXVX and VTHRX [Vanguard Target Date Funds]
Replies: 51
Views: 4108

Re: Huge drops in VTXVX and VTHRX

It's just an error with the Vanguard website. Ignore it for a day and check back tomorrow.
by mervinj7
Mon Oct 15, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: Treasuries in higher tax state
Replies: 12
Views: 1111

Re: Treasuries in higher tax state

If you buy Treasury bonds in a brokerage account, you will pay spreads, just as on any other trade in a brokerage account. However, spreads on Treasuries are very low. Alternatively, you can buy new-issue Treasury bonds from Treasury Direct. Both Vanguard and Fidelity allow the purchase of new-issu...
by mervinj7
Sat Oct 13, 2018 11:25 pm
Forum: Investing - Theory, News & General
Topic: Intermediate Treasuries ETF - SCHR vs VSIGX?
Replies: 4
Views: 387

Re: Intermediate Treasuries ETF - SCHR vs VSIGX?

Have you considered just building your own treasury ladder? That's what we ended up doing.
by mervinj7
Sat Oct 13, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 5328

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

So far I can summarize the four major themes emerge: 1. Fidelity and Vanguard both offer low cost index products and both will do fine if you are a total market investor 2. Vanguard has variety in index products offerings, and if you are a slide & dicer or wish to use some of the factors, then Vang...
by mervinj7
Sat Oct 13, 2018 12:36 am
Forum: Investing - Theory, News & General
Topic: Does Fidelity offer the best index products for a passive investor compared to Vanguard
Replies: 61
Views: 5328

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

Vanguard has more experience and longer history of indexing, Fidelity is new at this, we need to inspect if there is merit beyond the lower ER or is there a trap where you end up losing on overall value front. You mentioned several times that Fidelity is "new" at indexing. Any basis for that? I own...
by mervinj7
Fri Oct 12, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 401k and Hello
Replies: 20
Views: 1006

Re: Fidelity 401k and Hello

Just to be clear, your 401k is managed by Fidelity. It doesn't necessarily mean that you will have access to Fidelity mutual funds since the funds are chosen by your company's retirement adviser. The list in the screenshot seems incomplete. I see only bond options (the Vanguard one is great) and Tar...
by mervinj7
Fri Oct 12, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: [Fidelity announces simplified index fund structure]
Replies: 20
Views: 2462

Re: [Fidelity announces simplified index fund structure]

You can have up to 49 cents capital gains without paying anything to the IRS. (Assuming this is your only investment and your income is above the 0% tax rate.) Thanks, LadyGeek! Fortunately, this $1.10 account (down from $1.17 since I've posted) is not my only investment account and my tax rate is ...
by mervinj7
Thu Oct 11, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity announces simplified index fund structure]
Replies: 20
Views: 2462

Re: [Fidelity announces simplified index fund structure]

As a demonstration that these zero minimum Institutional Premium funds are available now, I recently went ahead and purchased: $0.76 of FSKAX (ER 0.015%) $0.29 of FTIHX (ER 0.06%) $0.12 of FXNAX (ER 0.025%). I am now the proud owner of a three-fund portfolio that's worth a grand total of $1.17 that'...
by mervinj7
Thu Oct 11, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity announces simplified index fund structure]
Replies: 20
Views: 2462

Re: Fidelity vs Vanguard - Round 2

From an email: A more simplified fund structure Because you're an existing shareholder, we're writing to inform you about recent enhancements to how the majority of our index funds are structured and named. The following changes will begin to roll out in November. • A simplified index fund structur...
by mervinj7
Wed Oct 10, 2018 12:56 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 460
Views: 66956

Re: 2-year CDs at Vanguard and Fidelity Today

That's why we look at SEC yields. Also, if you look at FDIC CDs current yield vs current treasury yield, CD will still beat it for the same terms. There are reasons discussed by Kevin which I am not going to re-iterate here. So there, it is likely the next 2-3 years a CD portfolio of the same term,...
by mervinj7
Wed Oct 10, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Logic of CD laddering to pay down mortagage & which CD?
Replies: 3
Views: 294

Re: Logic of CD laddering to pay down mortagage & which CD?

I personally would not pay off a 3% mortgage for one reason: liquidity. As far as the CD vs mortgage question is concerned, be sure to do an apples to apples comparison including post-tax CD yields and post-tax-deduction mortgage rates. For example, at 22% Fed and 9.3% CA State, the CD has a post-ta...
by mervinj7
Wed Oct 10, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: 1-year Treasury Bill auction
Replies: 57
Views: 5808

Re: 1-year Treasury Bill auction

Does it pay to sort of roll your own Money Market account with short term treasuries? I've got $150K sitting around in a Capital One 360 @ 1.85% and wondering if I can do better. We were in a similar situation with our EF. We decided to keep 3 months worth of expenses in the Cap One 360 MM fund. Fo...
by mervinj7
Tue Oct 09, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity treasury money market (FZFXX) subject to state tax?
Replies: 10
Views: 898

Re: Fidelity treasury money market (FZFXX) subject to state tax?

squidfather wrote:
Tue Oct 09, 2018 7:50 pm
Perfect, thank you. That is exactly the page I was (fruitlessly) searching for.
I use FDLXX since it's 100% from government securities.
https://fundresearch.fidelity.com/mutua ... /31617H300
by mervinj7
Tue Oct 09, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-effective yields for various MM Funds
Replies: 16
Views: 1167

Re: Tax-effective yields for various MM Funds

I made a spreadsheet similar to this, but added a column I called % yield after taxes. Makes it pretty easy to see what yield you can expect after the taxation. For example, in your case, the VUSXX fund would have an after tax yield of 1.242% (if I did this correctly) You can also include a bunch o...
by mervinj7
Tue Oct 09, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14517

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

This trade executed, to settle 10/11 coinciding with my previous bill maturing. All is smooth sailing so far. Will this T-bill continue to automatically auto-roll or do you need to call Schwab each time to arrange it? I would quibble with your use of the word "continue", since even this time it was...
by mervinj7
Tue Oct 09, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 78
Views: 14517

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

Question: I have 26-week T-bills maturing 10/11/2018. There happens to be an auction for 26-week T-bills on 10/11/2018. As previously discussed Schwab does not allow rollover of Treasuries. However, since they know it is maturing at face value, will they allow me to place an auction order, since se...
by mervinj7
Tue Oct 09, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for TBM at Fidelity
Replies: 6
Views: 427

Re: Looking for TBM at Fidelity

AlmstRtrd wrote:
Tue Oct 09, 2018 11:03 am
Hello All,

I am looking for a Total Bond Market fund at Fidelity. Looking for low ER, obviously.

Thanks in advance for your help!
Check out the Boglehead wiki for various low ER index fund options at Fidelity.
https://www.bogleheads.org/wiki/Fidelity
by mervinj7
Tue Oct 09, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat
Replies: 77
Views: 7821

Re: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat

Are you sure there isn't a different symbol for the new share class? I went ahead and purchased $0.76 of FSKAX (ER 0.015%), $0.29 of FTIHX (ER 0.06%), and $0.12 of FXNAX (ER 0.025%). I am now the proud owner (or I will be at EOD) of a three-fund portfolio that's worth a grand total of $1.17 that's ...
by mervinj7
Tue Oct 09, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat
Replies: 77
Views: 7821

Re: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat

https://fundresearch.fidelity.com/mutual-funds/summary/315911693 https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/press-release/Fidelity-Redefines-Investing.pdf Your link is exactly where I got this (from the prospectus of FSKAX): Initial Purchase Minimum - Institutional Class $5 ...
by mervinj7
Tue Oct 09, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat
Replies: 77
Views: 7821

Re: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat

That minimum purchase of $5 million for FSKAX is a bitch, tho..... FSKAX has a minimum purchase of $0 already . Please check the link I included in the post. I tried to make it as easy as possible for the non Fidelity folks on here. I also included a link to the appendix with all the index funds wi...
by mervinj7
Mon Oct 08, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat
Replies: 77
Views: 7821

Re: Surprised by Jack's answer to Fidelity's 0 mgmt fund threat

2) When they respond, their response will optimize for the new investor. It will not benefit the existing, loyal Fidelity customer. For the existing Fidelity customer to get the benefit they must do a sale/buy in to the new fund (ie a taxable event). I've been a Fidelity and Vanguard customer for 1...
by mervinj7
Mon Oct 08, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Depreciated rental property expenses
Replies: 6
Views: 764

Re: Depreciated rental property expenses

Also, I have a follow up question regarding depreciation, how do you determine building value? Do you look at property tax document for the building value or do you go by purchase price? Or homeowner insurance estimate to rebuild? Some of the land estimate in places like bay area must be sky high v...
by mervinj7
Sat Oct 06, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing tax advantaged room in California HSA
Replies: 8
Views: 663

mervinj7

There is definitely something to said for simplicity. I will say that I was intimidated at first and thought it would be a hassle keeping track of HSA numbers. However, if you already have a taxable account, you're already keeping track of dividends and gains; folding the HSAs into just another tax...
by mervinj7
Fri Oct 05, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing tax advantaged room in California HSA
Replies: 8
Views: 663

Re: Maximizing tax advantaged room in California HSA

Long-term, it might make financial sense to have a total market fund in the HSA. But then, I'd have to deal with it every year on my CA taxes, and since the brokerage won't send any tax statement, I'd have to figure it all out myself. Considering the HSA is a relatively small portion of our total p...
by mervinj7
Fri Oct 05, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: No-Fee HELOC in California
Replies: 7
Views: 610

Re: No-Fee HELOC in California

What is the rate after the first year? SDCCU seems like a no-brainer if you need very a short-term HELOC (no annual fee, very low 12 month "intro" rate, no early termination fee). However, I would be concerned about their APR after the first year. Prime + 1.0 after first year per the docs they sent...
by mervinj7
Fri Oct 05, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: No-Fee HELOC in California
Replies: 7
Views: 610

Re: No-Fee HELOC in California

San Diego County Credit Union: no fees at all Just looked into this. SDCCU has a great HELOC. No early termination penalty and the rate is locked at 2.99% rate for one year! What is the rate after the first year? SDCCU seems like a no-brainer if you need very a short-term HELOC (no annual fee, very...
by mervinj7
Thu Oct 04, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Solar Panel Installation?
Replies: 19
Views: 1430

Re: Solar Panel Installation?

California has net metering, but the annual excess payout is pennies on the dollar. So 100% is good, but anything above that’s worthless. That's not true for all of CA. Where I live, excess production is paid out at retail rate, not wholesale rate. It's well worth it to oversize the system in this ...
by mervinj7
Thu Oct 04, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: google docs and google finance
Replies: 8
Views: 1043

Re: google docs and google finance

Does anyone know how to get google docs to pull in data quotes from google finance for SPAXX and FDRXX? When I try, I get this error "Error When evaluating GOOGLEFINANCE, the query for the symbol: 'SPAXX' returned no data." On a related note, any reason why you use SPAXX (1.71% yield) and FDRXX (1....
by mervinj7
Thu Oct 04, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: No-Fee HELOC in California
Replies: 7
Views: 610

Re: No-Fee HELOC in California

https://www.sffirecu.org/loans-and-cred ... quity-loan

$250 Application Fee but then no annual fee after that.
by mervinj7
Thu Oct 04, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Record keeping fees fidelity 401k vs. brokerage link
Replies: 19
Views: 2946

Re: Record keeping fees fidelity 401k vs. brokerage link

I have FSTVX, FTIPX and FSITX for tot stk, intl and bond. I checked and they are all the same ERs as the ones you have. Weird. Fidelity removed the minimums on all of their index funds. Moreover, in November, all the various share classes will be merged to the Institutional Premium share class. Tha...
by mervinj7
Thu Oct 04, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Record keeping fees fidelity 401k vs. brokerage link
Replies: 19
Views: 2946

Re: Record keeping fees fidelity 401k vs. brokerage link

ryman554 wrote:
Thu Oct 04, 2018 8:27 am
It's likely that you do. However, it's also likely that you don't have the minimum $100M+ to invest in it.... Granted, I never tried myself.
All of those Fidelity funds have $0 minimums, not $100M. :)
by mervinj7
Wed Oct 03, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Capital Preservation Investment Options
Replies: 6
Views: 511

Re: 529 Capital Preservation Investment Options

I would use the College Index Fund. It has 20/80 stock/bond ratio that should help keep up with inflation. Of course, it's not risk free.
by mervinj7
Wed Oct 03, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Record keeping fees fidelity 401k vs. brokerage link
Replies: 19
Views: 2946

Re: Record keeping fees fidelity 401k vs. brokerage link

tenkuky wrote:
Wed Oct 03, 2018 6:11 pm

Plan dependent. I know for a fact that my BrokerageLink does not have those institutional premium options. I have the regular premium options of the same funds.
What are the ticker symbols and the ER of the premium share class index funds you have access to? They should be the same ER.
by mervinj7
Wed Oct 03, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-efficient and Sanity-preserving California HSA Investment Strategy?
Replies: 8
Views: 672

Re: Tax-efficient and Sanity-preserving California HSA Investment Strategy?

I wouldn't hold a CA muni fund in the HSA since HSAs are already federally tax-free. Treasury/TIPS funds make more sense. Thanks--this is helpful advice! You have gotten tons of good advice in this thread, but I just wanted to add that you should look at Treasury Bond ETFs as an option. Some of the...
by mervinj7
Wed Oct 03, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Record keeping fees fidelity 401k vs. brokerage link
Replies: 19
Views: 2946

Re: Record keeping fees fidelity 401k vs. brokerage link

Nevermind. I see my plan suddenly has a $67 a year recordkeeping fee. For me that's an additional 0.08% expense, thanks Fidelity :( It is up to the employer whether or not they want pass along the recordkeeping fee or not. For example, my wife's MegaUni's 403b has no recordkeeping fees while my Meg...
by mervinj7
Tue Oct 02, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help Picking Funds for 457 Plan to mimic 3 fund portfolio
Replies: 6
Views: 296

Re: Help Picking Funds for 457 Plan to mimic 3 fund portfolio

1) with regard to U.S. stocks, I think I am lucky to have the Vanguard Institutional Index, Mid-Cap, and Small Cap index funds. But, what ratio would properly mimic the Total Stock Market Index? This seems like a question that has probably been asked many times, but my search was unsuccessful. 2) w...
by mervinj7
Mon Oct 01, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Where to keep emergency fund?
Replies: 15
Views: 1263

Re: Where to keep emergency fund?

So I currently have 35 thousand in a savings account with Capital One that nets me next to nothing other than piece of mind; acting as an emergency fund. I keep most of my EF in Capital One 360 Money Market that currently pays 1.85%. The rest I keep in Short Term Treasury ETF (SHV) but I'm consider...
by mervinj7
Fri Sep 28, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Schwab or Fidelity - choosing for kid's new 529?
Replies: 16
Views: 648

Re: Schwab or Fidelity - choosing for kid's new 529?

I'm in Maryland. The Maryland 529 plan does offer state tax benefits. https://maryland529.com/basics-of-529-college-savings-plans/tax-advantages-of-529-plans If you are the account holder or a contributor, you may deduct up to $2,500 of contributions each year from your Maryland State income per be...
by mervinj7
Wed Sep 26, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: "Freedom, Freedom Index, or Freedom Blend: Understanding Fidelity’s Confusing Lineup Of Target-Date Funds"
Replies: 6
Views: 888

Re: "Freedom, Freedom Index, or Freedom Blend: Understanding Fidelity’s Confusing Lineup Of Target-Date Funds"

Bogleheads: Fidelity recently introduced a third type of "Freedom" funds. If you are using Fidelity Freedom Funds, or intend to, it is important to select the right one (Freedom Index). The Wall Street Physician describes the difference: Freedom, Freedom Index, or Freedom Blend: Understanding Fidel...
by mervinj7
Wed Sep 26, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: New AA [Asset Allocation]
Replies: 41
Views: 7078

Re: New AA [Asset Allocation]

Wonderful progress! Been following this thread for years now.
by mervinj7
Wed Sep 26, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 237
Views: 23856

Re: What is your overall portfolio weighted expense ratio

With the announcements made by Fidelity last month, our weighted ER has dropped even further. All of our Roth IRAs now have access to the institutional share classes of their respective index funds. In addition, I setup my Roth IRA to use the new ZERO funds as an experiment. Her 403b (managed by Fid...
by mervinj7
Tue Sep 25, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investing my first million
Replies: 46
Views: 7344

Re: Investing my first million

Sorry about that! There you go: 36% Total Stock Market Index Fund Admiral Shares 24% Total International Stock Index Fund Admiral Shares 16% Intermediate-Term Tax-Exempt Fund Admiral Shares 12% Limited-Term Tax-Exempt Fund Admiral Shares 12% Long-Term Tax-Exempt Fund Admiral Shares Looks good. It's...