Search found 830 matches

by mervinj7
Tue May 21, 2019 4:06 pm
Forum: Investing - Theory, News & General
Topic: Is there a FAANG ETF?
Replies: 37
Views: 2457

Re: Is there a FAANG ETF?

Another option is QQQ which is mostly large-cap tech stocks from NASDAQ.
by mervinj7
Thu May 09, 2019 4:20 pm
Forum: Personal Investments
Topic: Vanguard HSA anyone?
Replies: 13
Views: 1633

Re: Vanguard HSA anyone?

I'm also happy with the Fidelity HSA. Main advantage of Vanguard would be the tax efficiency of their index funds, as a few states (CA in particular) do not treat HSAs as tax-advantaged. For those in CA with HSAs, one can use ETFs like VTI or ITOT to get around the tax efficiency issues of Fidelity...
by mervinj7
Tue May 07, 2019 5:16 pm
Forum: Personal Investments
Topic: alternatives to 529 plans
Replies: 44
Views: 2109

Re: alternatives to 529 plans

As per this comparison, Nevada plan wins against California plan in terms fees & expenses: https://vanguard.wealthmsi.com/comp529main.php?vang1=NV2&planid1=CA2&planid2= Which seems obvious given NV plan offers Vanguard funds. Why should it be obvious that NV 529 would be lower fees? By your own lin...
by mervinj7
Tue May 07, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity funds for super seniors
Replies: 11
Views: 1282

Re: Fidelity funds for super seniors

Does anyone have favorite Fidelity funds to recommend for a person in their 90s? She would have a generally conservative outlook, but would like to make a bit more than a 2% savings account or CD and is investing under $10k. You can start here. https://www.bogleheads.org/wiki/Fidelity I use a mix o...
by mervinj7
Mon May 06, 2019 11:58 am
Forum: Personal Investments
Topic: alternatives to 529 plans
Replies: 44
Views: 2109

Re: alternatives to 529 plans

Given no tax benefits to California residents, what other 529 alternatives exist: just invest in target retirement fund but adjust the target date to education needs. invest in lazy portfolio. ... At least for the 2 alternatives above, there are no bells and whistles unlike in 529 plans. There are ...
by mervinj7
Fri May 03, 2019 1:43 pm
Forum: Personal Investments
Topic: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?
Replies: 32
Views: 2259

Re: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?

...The maturity date is roughly 3 months from now, so this is the auction for the 3 month bill. No, this is not an auction. The bond was auctioned in February (settlement). This is a secondary market resale. The buyer gets the interest on the remaining term of the six month bond. EDIT: To be more c...
by mervinj7
Fri May 03, 2019 1:31 pm
Forum: Personal Investments
Topic: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?
Replies: 32
Views: 2259

Re: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?

CUSIP 912796SC4 Maturity Date 08/08/2019 Issue Date 02/07/2019 <---- This is confusing, why Feb. rather than May? (are all Treasuries "issued" roughly 3 months before they are actually for sale? From Wikipedia: Like other securities, individual issues of T-bills are identified with a unique CUSIP n...
by mervinj7
Tue Apr 30, 2019 9:01 am
Forum: Personal Investments
Topic: How to specify investment direction at Fidelity HSA
Replies: 10
Views: 701

Re: How to specify investment direction at Fidelity HSA

I just set up an HSA with Fido, my first experience with them. My employer will be making regular monthly contributions to my HSA account. Currently, the incoming funds go into a cash sweep account. Since I pay medical bills OOP, I plan to use this account for long-term investing, and I would like ...
by mervinj7
Thu Apr 25, 2019 4:52 pm
Forum: Personal Investments
Topic: Treasury funds in an HSA in California
Replies: 29
Views: 1141

Re: Treasury funds in an HSA in California

Don't overthink it.... Sure, but I need to understand what I'm investing in and why! 6-month bills are preferable to FDLXX because of the higher yield? I guess I'll need to compare historical returns between FDLXX, a 6-month ladder of bills, and Fidelity's Intermediate Treasury Bond Index Fund. Yes...
by mervinj7
Wed Apr 24, 2019 6:11 pm
Forum: Personal Investments
Topic: Treasury funds in an HSA in California
Replies: 29
Views: 1141

Re: Treasury funds in an HSA in California

Yes, one day I need to make a complete post/wiki entry regarding this. :) For now, tomorrow at 3PM, place an order for a single $1k 6 month Treasury bill with auto-roll enabled. See how you like the process and report back to us. Tax-wise, once it's bought and set to auto-roll, you are done since t...
by mervinj7
Wed Apr 24, 2019 3:24 pm
Forum: Personal Investments
Topic: Treasury funds in an HSA in California
Replies: 29
Views: 1141

Re: Treasury funds in an HSA in California

Neither since I just purchase Treasury bills at auction and set them to auto-roll. All dividends are 100% tax-free for a CA HSA. In my case, I have a auto-rolling ladder of 6 month bills and a recently purchased TIPS bill. https://www.fidelity.com/fixed-income-bonds/fixed-income-tools-services/auto...
by mervinj7
Wed Apr 24, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Rent vs. Buy Calculator What Inputs Should I Assume?
Replies: 17
Views: 869

Re: NYT Rent vs. Buy Calculator What Inputs Should I Assume?

Wow, $4k/month rent on a $1.1m property is extremely low when looking at it from the landlord/rental business perspective. Is that really comparable apples to apples rent vs buy house? Yes, it's sucks to be a new landlord here. However, you need to remember that most landlords in my neighborhood br...
by mervinj7
Wed Apr 24, 2019 1:14 pm
Forum: Personal Investments
Topic: Treasury funds in an HSA in California
Replies: 29
Views: 1141

Re: Treasury funds in an HSA in California

Those of you who live in California and have treasury funds in your HSA, do you... 1. Look up the percentage, add up your dividends, and perform the calculation every year? 2. If so, do you then adjust your California return to include the taxable portion of your dividend, even if it's a tiny amoun...
by mervinj7
Wed Apr 24, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Rent vs. Buy Calculator What Inputs Should I Assume?
Replies: 17
Views: 869

Re: NYT Rent vs. Buy Calculator What Inputs Should I Assume?

Do your investments have an expected return of 7%? Will you reliably put the extra money saved from renting towards those investments? If so, choose 7%. When I do the comparison between a $1.1M purchase and $4000 rent, without changing any other variables, I get this: For my example, I changed a bu...
by mervinj7
Wed Apr 24, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Rent vs. Buy Calculator What Inputs Should I Assume?
Replies: 17
Views: 869

Re: NYT Rent vs. Buy Calculator What Inputs Should I Assume?

The NY Times calculator is a good baseline, but I prefer this calculator when I want to go deep: https://michaelbluejay.com/house/rentvsbuy.html It shows the year-by-year spreadsheet down below which I found more useful than the Break Even number from the NY Times. That said, I use average numbers ...
by mervinj7
Tue Apr 23, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Rent vs. Buy Calculator What Inputs Should I Assume?
Replies: 17
Views: 869

Re: NYT Rent vs. Buy Calculator What Inputs Should I Assume?

FYI: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html slightly on a tangent, but that calculator assumes one could deduct all interest and property taxes per your input. That's a huge assumption that may or may not be true, depending on one's specific circumstances. If you do...
by mervinj7
Mon Apr 22, 2019 3:13 pm
Forum: Personal Investments
Topic: 403b options for three fund vs Fid Freedom 2050
Replies: 2
Views: 186

Re: 403b options for three fund vs Fid Freedom 2050

My 403b options are somewhat limited through fidelity. I am currently invested in Fidelity Freedom 2050 fund with ER of 0.65%. While there are other funds to invest in, the only low-cost fund options I have to build a qualified (tax advantaged) three-fund portfolio are: FXAI Fidelity 500 index fund...
by mervinj7
Wed Apr 17, 2019 3:15 pm
Forum: Investing - Theory, News & General
Topic: Five Year TIPs Auction
Replies: 3
Views: 402

Re: Five Year TIPs Auction

I just bought $1k worth in my Fidelity HSA. It will be my first TIPS purchase, so it's mostly to understand the mechanics of the security.
by mervinj7
Wed Apr 17, 2019 2:25 pm
Forum: Personal Investments
Topic: Does Vanguard Offer Automatic Rebalancing
Replies: 13
Views: 1642

Re: Does Vanguard Offer Autmatic Rebalancing

Does the automated rebalancing in the OP's 401(k) cost any extra in [possibly hidden] fees or higher expense ratios? Perhaps the employer pays for that option? The two MegaCorps I have worked for both offered rebalancing alerts followed by one click rebalancing. The fees were extremely low for the ...
by mervinj7
Tue Apr 16, 2019 10:05 am
Forum: Personal Investments
Topic: Fidelity HSA investing
Replies: 5
Views: 482

Re: Fidelity HSA investing

Recently switched to an HDHP plan that allows for self funded HSA. Based on my research, chose Fidelity's new individual HSA offering for their lack of fee and multiple options for investment. I would like to not use the HSA for long term investing, but actually use it for current years expenses. I...
by mervinj7
Mon Apr 15, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: Best Fidelity Money Market Account to Hold Cash?
Replies: 43
Views: 11835

Re: Best Fidelity Money Market Account to Hold Cash?

Sweet. Just bought 4 3-month bills with autoroll to see how it works. Blown away that I’d have to call to cancel the autoroll but going to try selling before maturity to see if that works. I also wish there was a single button to cancel auto-roll but you do have several options. You can chat online...
by mervinj7
Mon Apr 15, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: Best Fidelity Money Market Account to Hold Cash?
Replies: 43
Views: 11835

Re: Best Fidelity Money Market Account to Hold Cash?

What's the purpose of the $30K? That is, how liquid do you need to keep it? You can effectively make your own money market fund using a Treasury Ladder and get much higher yield. For example, a 3 month T-bill has a yield of 2.36% and its state tax free. Thus your tax-equivalent yield is 2.55%. You ...
by mervinj7
Thu Apr 11, 2019 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Using Fidelity Cash Management as my only bank account
Replies: 35
Views: 5560

Re: Using Fidelity Cash Management as my only bank account

I use Fidelity as my primary bank, but have a small sum locally at Chase (for notary, renter’s deposits, etc). I just opened an account at Schwab because they don’t charge international ATM fees (nor does Fidelity) AND they don’t charge foreign transaction fees on ATM withdrawals(Fid charges 1%). I...
by mervinj7
Thu Apr 11, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Using Fidelity Cash Management as my only bank account
Replies: 35
Views: 5560

Re: Using Fidelity Cash Management as my only bank account

For folks concerned about their security, here are a few suggestions I found on BH 1. Enable 2-factor authentication https://www.fidelity.com/security/how-two-factor-authentication-works 2. Enable Money Transfer Lockdown. I have a lockdown on my primary brokerage, Roth IRA accounts. I only disable w...
by mervinj7
Wed Apr 10, 2019 4:22 pm
Forum: Personal Investments
Topic: open back door Roth, wise decision?
Replies: 17
Views: 846

Re: open back door Roth, wise decision?

sk005 wrote:
Wed Apr 10, 2019 10:15 am
Thank you everyone. Just need to figure out if paying taxes (about $600) for backdoor Roth conversion is worth or not.
Can you open a solo 401k? Some of them allow incoming rollovers of existing IRAs.
by mervinj7
Wed Apr 10, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 579
Views: 66458

Re: Fidelity as a one stop shop

flyingaway wrote:
Wed Apr 10, 2019 12:54 pm
How to LINK the CMA and brokerage accounts?
You want to use the self-funded overdraft protection option to link your CMA to your (2nd) brokerage account. Follow the instructions in the FAQ.
https://www.fidelity.com/cash-managemen ... sh-manager
by mervinj7
Wed Apr 10, 2019 11:23 am
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 6752

Re: FIDO Zero Funds losing to Vanguard?

Well it really depends on how you're looking at this. Nobody last year was discussing leaving Vanguard's US or Int'l TSM funds for those superior in-house indexes they'd be getting instead at Fidelity ; it was only for for the lower ER's, plain and simple . For all intensive purposes, the assumptio...
by mervinj7
Mon Apr 08, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity CMA/Brokerage account question
Replies: 6
Views: 896

Re: Fidelity CMA/Brokerage account question

Nvm apparently my existing taxabke account was for ESOPP..can't link those. Went ahead and opened a new brokerage and we goood to go I was going to suggest that you open a second brokerage account. You can also use Money Transfer Lockdown to stop any transfers to your primary brokerage/Roth IRA/IRA...
by mervinj7
Fri Apr 05, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 579
Views: 66458

Re: Fidelity as a one stop shop

What do yall think of FDLXX for emergency fund? I have this nagging thought in my mind saying “you need FDIC protection, keep using a real bank”, but using fidelity seems so much simpler. We use FDLXX to keep 2 months worth of expenses. We keep another 6 months in auto-rolling Treasury Bill ladders...
by mervinj7
Wed Apr 03, 2019 6:46 am
Forum: Personal Finance (Not Investing)
Topic: New Bank: Schwab or Fidelity
Replies: 20
Views: 1505

Re: New Bank: Schwab or Fidelity

Schwab's debit card has no foreign transaction fee whereas Fidelity's is 1%. If you're using your debit card to get cash at foreign ATMs, that gives Schwab an edge. I've been using Schwab as my primary bank, periodically moving funds to one of their money market funds manually. No complaints here. ...
by mervinj7
Tue Apr 02, 2019 5:11 pm
Forum: Personal Investments
Topic: Fidelity Full View?
Replies: 32
Views: 2546

Re: Fidelity Full View?

I use Fidelity Full View. I put my HSA, savings accounts, and some other misc items that aren't with Fidelity into Full View. It is nice to have everything displayed in one spot. I would agree that sometimes certain accounts do need to be refreshed in order to update balances which is no big deal. ...
by mervinj7
Sun Mar 31, 2019 10:45 am
Forum: Personal Investments
Topic: Closest thing to high-yield savings at Fidelity?
Replies: 7
Views: 725

Re: Closest thing to high-yield savings at Fidelity?

Thanks Squid and Fwelli. Exactly what I was looking for. Money market funds seem rather simple, but I'll need to research the mechanics more - is it as simple as just opening brokerage and buying SPRXX and selling whenever you need the $? Probably something I can answer myself in the Wiki. This is ...
by mervinj7
Fri Mar 29, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account - Investments
Replies: 20
Views: 2338

Re: Fidelity Cash Management Account - Investments

You need a regular brokerage account and have all of your deposits go into there. You can then setup cash manager to automagically pull from that when you need cash in the CMA. Or what I do is use the regular brokerage account for everything except ATM withdrawals. That approach limits my risk in t...
by mervinj7
Fri Mar 29, 2019 1:26 pm
Forum: Personal Investments
Topic: Fidelity 529
Replies: 17
Views: 1174

Re: Fidelity 529

As a follow-up, are withdrawls from NH plan exemt from CA state income tax? Qualified withdrawals from CA's Scholarshare and non-CA 529 plans are exempt from CA state income tax. Despite CA's low fees, many CA BH'ers (myself included) will use Vanguard and Fidelity plans from other states for conve...
by mervinj7
Wed Mar 27, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: What Texas college savings plan?
Replies: 5
Views: 299

Re: What Texas college savings plan?

YttriumNitrate wrote:
Wed Mar 27, 2019 12:23 pm
Since Texas has no income tax, why limit yourself to plans offered by Texas?
CA's Scholarshare is already one of the lowest cost 529 plans. The only reason I would transfer out is to consolidate at one provider (e.g. NV Vanguard 529 Plan or NH Fidelity 529 Plan). The Texas plans look horrendous.
by mervinj7
Wed Mar 27, 2019 11:25 am
Forum: Personal Investments
Topic: Please provide example of how this 401K works
Replies: 8
Views: 488

Re: Please provide example of how this 401K works

For every dollar you contribute during the plan year up to 6%, company will match 100% on the first 1% and 50% on the next 5%, for a total employer contribution opportunity of 6.5%. Can someone please show an example of how his works? Also how is it 6.5%? Have you checked with HR? Based on the firs...
by mervinj7
Wed Mar 27, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 4747

Re: 17 out of 18 American Funds have beaten the index

fwellimort wrote:
Wed Mar 27, 2019 7:49 am
This is all I'm going to say:
https://www.youtube.com/watch?v=K2FQ98gzeDw
The comments in that youtube video are hilarious. So happy to be on a civil forum like BH.
by mervinj7
Tue Mar 26, 2019 6:23 pm
Forum: Personal Investments
Topic: Fidelity 529
Replies: 17
Views: 1174

Re: Fidelity 529

I am trying to consolidate all my investment at Fidelity. I am in CA so there are no tax incentives to put money in 529 except tax free growth. Anyone using 529 at Fidelity? I am not able to get a clear picture of the fees and investment options so looking for input. We have 529 in CA scholarshare....
by mervinj7
Tue Mar 26, 2019 9:31 am
Forum: Personal Consumer Issues
Topic: How to Sell a Wyland Painting on My Bathroom Wall?
Replies: 74
Views: 6340

Re: How to Sell a Wyland Painting on My Bathroom Wall?

OP, do you live near any of his whaling murals? If so, at least visit one of them so you have a sense of why he's quite famous. Is there a fixed timeline before you destroy the wall?

http://www.wylandfoundation.org/communi ... land_walls
by mervinj7
Mon Mar 25, 2019 10:30 pm
Forum: Personal Investments
Topic: Is the NC 529 plan good enough?
Replies: 9
Views: 522

Re: Is the NC 529 plan good enough?

Costs are ok but I would suggest going with one of the lower cost state 529s if there is no state tax deduction benefit. Also, for expense ratios, add the plan manager fee to the underlying fees. For example, in the NC529 the Vanguard Total market fund has an ER of 0.06%+0.25%=0.31% . In contrast, t...
by mervinj7
Mon Mar 25, 2019 10:56 am
Forum: Personal Consumer Issues
Topic: How to Sell a Wyland Painting on My Bathroom Wall?
Replies: 74
Views: 6340

Re: How to Sell a Wyland Painting on My Bathroom Wall?

I would put a frame around it under glass. He painted the Sports Arena where I live: https://en.wikipedia.org/wiki/Long_Beach_Convention_and_Entertainment_Center#/media/File:LBarena.jpg +1 I would have gladly paid an extra $15k for a house with a custom Wyland. His work is wonderful. For the bathro...
by mervinj7
Mon Mar 25, 2019 8:32 am
Forum: Personal Consumer Issues
Topic: How to Sell a Wyland Painting on My Bathroom Wall?
Replies: 74
Views: 6340

Re: How to Sell a Wyland Painting on My Bathroom Wall?

I would put a frame around it under glass. He painted the Sports Arena where I live: https://en.wikipedia.org/wiki/Long_Beach_Convention_and_Entertainment_Center#/media/File:LBarena.jpg +1 I would have gladly paid an extra $15k for a house with a custom Wyland. His work is wonderful. For the bathro...
by mervinj7
Mon Mar 18, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: HSA with no fees and max investments?
Replies: 28
Views: 2479

Re: HSA with no fees and max investments?

Is the HSA worth it? I pay for a chiropractor (1,440 a year) and prescription drugs (350 a year). I normally charge these items on Fidelity's 2% Rewards Card. I pay off the credit card using cash from a 2% money market fund. Is the tax deduction worth the hassle of switching to an HSA? You can stil...
by mervinj7
Mon Mar 18, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: How Important is a Credit Score?
Replies: 86
Views: 3887

Re: How Important is a Credit Score?

Credit score is used for renting. If you have a better credit score, the landlord may also require a smaller deposit. As a landlord, I don't even consider applicants for our rental property with low credit scores (below 650). That said, looking at the data of applicants who actually get approved , ...
by mervinj7
Fri Mar 15, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax hacks in California
Replies: 59
Views: 6140

Re: Property tax hacks in California

Somehow nobody mentioned another part of Prop 13, in particular 1% cap: Proposition 13 capped, with limited exceptions, ad valorem property tax rates at one percent of full cash value at the time of acquisition. I wonder how anyone could pay $30K property tax for the home worth $2.5M, like topic st...
by mervinj7
Fri Mar 15, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Property tax hacks in California
Replies: 59
Views: 6140

Re: Property tax hacks in California

Since there's some confusion regarding Prop 13, here's some real examples. I just randomly picked a house on Redfin that wasn't sold in the last 5 years. This 4 Bed, 2 Bath, 1400 sq ft house in San Jose is currently worth $1.35M. If someone bought that house today, their new property tax would be $1...
by mervinj7
Fri Mar 15, 2019 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Does Fidelity Premium Services cost anything?
Replies: 4
Views: 486

Re: Does Fidelity Premium Services cost anything?

https://thefinancebuff.com/vanguard-fidelity-large-account.html It doesn't look there is a charge. It's just for accounts with balances over $250k. Call the rep and find out. Interestingly enough, it seems assets under record also count. So with over $250k in Vanguard funds held in a Fidelity accoun...
by mervinj7
Thu Mar 14, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: What's Your Opinion on Nest Thermostats
Replies: 62
Views: 4956

Re: What's Your Opinion on Nest Thermostats

I have an "old school" programmable Honeywell thermostat that I've for about 10 years that is NOT connected to wifi. I've consider getting a Nest, however what happens if your wifi goes out? Can you still adjust the temp manually? Will it still automatically adjust the temp the way you want it when...
by mervinj7
Thu Mar 14, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: What's Your Opinion on Nest Thermostats
Replies: 62
Views: 4956

Re: What's Your Opinion on Nest Thermostats

We have one to control our heating and cooling system. We have it set on a schedule but also rely on the Home/Away mode detection. For example, when we leave the house and set the Nest Secure alarm, it lowers the temp for heating and highers it for cooling. That alone saves us many many hours of HVA...
by mervinj7
Wed Mar 13, 2019 3:35 pm
Forum: Personal Investments
Topic: Helping my brother with a tax question is it better to own VUSXX instead of VMMXX his state tax rate is 6% he makes 48
Replies: 6
Views: 754

Re: Helping my brother with a tax question is it better to own VUSXX instead of VMMXX his state tax rate is 6% he makes

Take a look at this thread by Kevin M. You need to know both the Federal Tax Rate and State Tax Rate. For example, for someone who is in the 24% Fed Bracket and 9.3% CA Bracket. TEY=2.48% for VMMXX TEY=2.38%*(1-0.24)/(1-0.24-0.093)= 2.71% for VUSXX https://www.bogleheads.org/forum/viewtopic.php?t=24...