Search found 85 matches

by dollar_elbow
Tue Dec 29, 2020 7:09 pm
Forum: Personal Consumer Issues
Topic: Bogleheads Cell Phone?
Replies: 78
Views: 5299

Re: Bogleheads Cell Phone?

Having owned multiple iPhones, my take is that you can buy 1-3 generations behind the current iPhone and still get something more than adequate at a significantly better price point, because contrary to their expensive advertising, Apple rarely adds much of value to each new phone model and it takes...
by dollar_elbow
Tue Dec 29, 2020 2:07 am
Forum: Personal Consumer Issues
Topic: Transitioning from AT&T to MVNO (Mint Mobile?) - Please Critique This Plan
Replies: 104
Views: 4565

Re: Transitioning from AT&T to MVNO (Mint Mobile?) - Please Critique This Plan

Mint seems pretty good to me. I switched about 18 months ago. One thing to note is that you can sometimes get discounts for the annual plan making it even cheaper than advertised. In the first year Mint offered me a discount for renewal and in the second Amex offered a $45 rebate, so I pay around $1...
by dollar_elbow
Thu Sep 17, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: Comparing Fidelity and Vanguard fee
Replies: 3
Views: 416

Re: Comparing Fidelity and Vanguard fee

Fidelity allows you to purchase fractional ETFs at no cost so you can have a Vanguard 3 fund portfolio at either Fidelity or Vanguard for the same cost depending on which brokerage you prefer.
by dollar_elbow
Thu Aug 27, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One credit card limit reduced
Replies: 38
Views: 3000

Re: Capital One credit card limit reduced

A few months ago we had a long thread about Chase reducing limits for many holders of its credit cards: Chase reducing credit card limits The general conclusion was that they did this to reduce their risk of potential defaults in the wake of the pandemic. Perhaps Capital One is doing the same thing...
by dollar_elbow
Tue Jul 07, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: fidelity or vanguard
Replies: 15
Views: 1322

Re: fidelity or vanguard

I'm more of a fan of Fidelity where I purchase Vanguard ETFs. I think the service and features are better overall than with Vanguard. You can purchase fractional ETFs at Fidelity so you can invest exact dollar amounts as you would with a mututal fund, so there is not a compelling reason to use Vangu...
by dollar_elbow
Sun Feb 16, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Wiki Page Updates Initial Review
Replies: 58
Views: 3914

Re: Fidelity Wiki Page Updates Initial Review

Perhaps add a sentence saying that now Fidelity offers fractional share and etf investing, it’s easy to replicate a three fund portfolio etc using Vanguard etfs and buying dollar amounts.
by dollar_elbow
Wed Feb 12, 2020 3:01 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lets clients now trade fractional shares of stocks and ETFs
Replies: 209
Views: 22747

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

It was enabled on my account today and it works for buying Vanguard etfs. It seems there is little reason to bother with mutual funds anymore. I should note that you have to view the yellow info panel that appears just before you place your first fractional purchase (usually you can ignore them as i...
by dollar_elbow
Fri Nov 22, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge Combo
Replies: 18
Views: 3632

Re: Bank of America/Merrill Edge Combo

It takes 3 months from when you deposit the money in your Merrill Edge account to get the Preferred Rewards status, so you might want to wait until then before opening a bank account as otherwise you will be subject to BofA's regular banking fees if you don't use the account or keep a low balance etc.
by dollar_elbow
Mon Nov 11, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: Questions re mobile virtual network operators (MVNOs)
Replies: 7
Views: 487

Re: Questions re mobile virtual network operators (MVNOs)

I'd like to switch to one of the MVNO cell phone plans soon. From what I've read, these plans will be much less expensive vs. the Verizon and Sprint plans my wife and I are on now and we will save a ton. There's only one concern or set of concerns I have with MVNOs: How to handle some of the techni...
by dollar_elbow
Sat Nov 02, 2019 1:34 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 92
Views: 16901

Re: Chase $750 for depositing 75K

I was looking at these offers. They seem good if you are moving cash, but Chase’s brokerage technology is out of date and if you want to do a partial transfer of securities to meet the minimum, you have to mail the transfer form in as it can’t be done online. I found that a little ridiculous for suc...
by dollar_elbow
Sat Nov 02, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

I'm not sure why you are overly concerned about the privacy of touch id and the wallet app specifically; I had answered it up-thread ... I see that some of the larger credit card companies are rolling out contactless credit cards. These use essentially the same NFC technology as Apple Pay but it is...
by dollar_elbow
Wed Oct 30, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

You can enter several cards, but Apple seems to make it hard to tell them apart when all are Visa cards. Is there any way to nickname or label the different cards to help tell them apart in Apple Pay? Since Apple Pay only shows the same generic Visa card graphic for each of three Visa cards I enter...
by dollar_elbow
Wed Oct 30, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

I use Apple Pay for everything but don’t have an Apple credit card Please explain how that works if you don’t mind. Thanks Apple Pay is a contact less technology that allows you to make credit/debit card payments using your iPhone instead of getting your card out. You add your credit card info to t...
by dollar_elbow
Wed Oct 30, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

I'm not sure why you are overly concerned about the privacy of touch id and the wallet app specifically; I had answered it up-thread ... I see that some of the larger credit card companies are rolling out contactless credit cards. These use essentially the same NFC technology as Apple Pay but it is...
by dollar_elbow
Wed Oct 30, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

@dollar_elbow, Count me as a newbie on the intricacies of using Apple Pay. What happens if I disable Touch ID or Face ID on the Apple iPhone? I am a bit privacy obsessed that I don’t want to unlock the iPhone with my finger print or face image /store them in the phone. I prefer and use either a pas...
by dollar_elbow
Tue Oct 29, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

I use Apple Pay for everything but don’t have an Apple credit card Please explain how that works if you don’t mind. Thanks Apple Pay is a contact less technology that allows you to make credit/debit card payments using your iPhone instead of getting your card out. You add your credit card info to t...
by dollar_elbow
Tue Oct 29, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

I use Apple Pay for everything but don’t have an Apple credit card Please explain how that works if you don’t mind. Thanks Apple Pay is a contact less technology that allows you to make credit/debit card payments using your iPhone instead of getting your card out. You add your credit card info to t...
by dollar_elbow
Tue Oct 29, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 14498

Re: Apple Pay. Does anyone use it?

I use Apple Pay for everything but don’t have an Apple credit card Please explain how that works if you don’t mind. Thanks Apple Pay is a contact less technology that allows you to make credit/debit card payments using your iPhone instead of getting your card out. You add your credit card info to t...
by dollar_elbow
Mon Sep 16, 2019 1:01 pm
Forum: Investing - Theory, News & General
Topic: Is the 60/40 portfolio allocation strategy being killed?
Replies: 142
Views: 17630

Re: Is the 60/40 portfolio allocation strategy being killed?

Of course anything could happen in the future, but I note that for the past decade or so, a 60/40 US AA has returned around the 7-8% return that the Boglehead strategy seems to aim for so I'm not sure that I would immediately conclude it is a failing strategy. The huge under performance of internati...
by dollar_elbow
Mon Sep 09, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody here who uses WageWorks commuter card?
Replies: 8
Views: 846

Re: Anybody here who uses WageWorks commuter card?

At least for the card I use, the money just rolls over until it is used and I can adjust the amount that goes on the card each month to account for low use. I can also claim claim money from the account via a reimbursement check if I make a transit purchase and the card didn't work.
by dollar_elbow
Mon Sep 09, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reimbursement for a 6-month old fraudulent Visa charge
Replies: 19
Views: 1690

Re: Reimbursement for a 6-month old fraudulent Visa charge

One aspect of BofA cards I don't like is that they do not provide real time alerts as many of my other cards do. They only seem to alert me after a charge has gone from pending to settled, which means I have to reconcile what I was doing three days prior when I get an alert. I found this to be such ...
by dollar_elbow
Sun Aug 04, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 87
Views: 14606

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. Schwab now has debit card transaction alerts or you can enroll the debit card in Visa alerts. They still don’t have account transact...
by dollar_elbow
Sat Jul 20, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: Do you buy cellphone outright or pay over 2 years?
Replies: 129
Views: 9941

Re: Do you buy cellphone outright or pay over 2 years?

I like to buy outright from swappa. I buy used iPhones every year or two when the price on previous models drop to around $300 (inclusive without additional sales tax). I reason that new iPhones are grossly overpriced and $300 is about what tear down sites estimate it actually costs Apple to assembl...
by dollar_elbow
Sat Jul 20, 2019 2:16 pm
Forum: Personal Consumer Issues
Topic: Login for citicard-Citibank [login problems]
Replies: 19
Views: 2026

Re: Login for citicard-Citibank [login problems]

I have a Citi credit card (but not a bank account). My wife has a Citi checking account. I added her as secondary user on my credit card and despite being the primary card holder, I frequently find Citi keeps merging the details of our account such as changing the phone number (which interrupts one ...
by dollar_elbow
Thu Jul 11, 2019 1:47 pm
Forum: Personal Investments
Topic: Vanguard 3 fund
Replies: 1
Views: 457

Re: Vanguard 3 fund

I think the debate should be over whether the funds should hold international stocks or not as this decision will have much more of an impact on your return.
by dollar_elbow
Wed Jul 03, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Wealthfront Cash Account Application Asking too many personal questions?
Replies: 39
Views: 4191

Re: Wealthfront Cash Account Application Asking too many personal questions?

Every bank account, brokerage account, and credit card I've opened in the last decade has asked similar questions so I don't see how anyone would find them surprising.
by dollar_elbow
Sun May 12, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Using my Cell Phone in England
Replies: 47
Views: 2579

Re: Using my Cell Phone in England

TMobile 2G speeds in Europe are very slow (though free). You can actually buy UK sim cards on Amazon for travel to Europe (they only work in Europe, but can be activated in the US so should work immediately once you land), if you are concerned about buying a SIM card once you get there: https://www....
by dollar_elbow
Mon Apr 22, 2019 6:20 pm
Forum: Personal Investments
Topic: Exchange Vanguard Admiral for Investor- capital gains?
Replies: 16
Views: 1109

Re: Exchange Vanguard Admiral for Investor- capital gains?

You might laugh, but I've experienced Vanguard making ridiculous conversion errors. I once made the mistake of asking to convert some shares of both the Total Stock fund and the Total International Stock fund between share classes on the same day (as separate transactions). Vanguard swapped the cost...
by dollar_elbow
Sat Mar 09, 2019 6:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 645
Views: 74047

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

... we have determined that VanguardAdvantage is no longer meeting the range of needs articulated by our clients... I'd love to meet the army of clients who absolutely hated that a brokerage offered bank like features as an extra convenience and threatened to take their business elsewhere unless Va...
by dollar_elbow
Fri Dec 21, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 4214

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

I think most of the credit scoring algorithms calculate utilization from what gets reported as your statement balance at the end of each cycle. That being said, if you get a copy of a full credit report (not the summaries from Credit Karma etc) you will often find that the card issuers report the ma...
by dollar_elbow
Thu Dec 13, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 153
Views: 12524

Re: Robinhood to launch 3% Checking & Savings Accounts

I'm not sure I really understand the appeal of startup banks such as this and Chime etc. If you want free use of any ATM there is the choice of the more established Schwab, Fidelity, Radius etc which let you use any ATM rather than the restricted network Robinhood has and can allow you to make depos...
by dollar_elbow
Sat Nov 03, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Problems obtaining a free annual Equifax credit report online
Replies: 56
Views: 39647

Re: Problems obtaining a free annual Equifax credit report online

Anecdotally, I was able to my Equifax report online two days ago, so it seems hit or miss whether it works. Credit Karma gives you almost complete access to your Equifax and TransUnion reports for free as a good alternative. It does not give you soft inquiries, but all the hard pulls that affect you...
by dollar_elbow
Fri Nov 02, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: If you have credit monitoring do you need to freeze credit?
Replies: 41
Views: 2544

Re: If you have credit monitoring do you need to freeze credit?

It should also be noted that when you visit the three main bureaus' websites, they will attempt to convince you to lock your credit reports rather than freezing. For now, make sure you freeze rather than using the lock services (some of which cost money) since freezes are mandated by law and have go...
by dollar_elbow
Wed Oct 24, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: ACH Transfer Times
Replies: 8
Views: 892

Re: ACH Transfer Times

In the UK there is an equivalent system called BACS for handling tranfers which can generally process a transfer in less than 2 hours. Therefore, I believe that the ACH system could operate essentially in real time with near instant transfers, but the banks choose not to enable this.
by dollar_elbow
Sun Oct 07, 2018 12:11 am
Forum: Personal Finance (Not Investing)
Topic: apply for cc with frozen credit
Replies: 10
Views: 1236

Re: apply for cc with frozen credit

You can unlock all three to get an immediate decision on your application or else wait for a response from the CC company that will usually tell you which bureau they want to check so you can just unlock that one. You could check one of the credit pulls databases, such as https://creditboards.com/f...
by dollar_elbow
Sat Oct 06, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: apply for cc with frozen credit
Replies: 10
Views: 1236

Re: apply for cc with frozen credit

You can unlock all three to get an immediate decision on your application or else wait for a response from the CC company that will usually tell you which bureau they want to check so you can just unlock that one. You could check one of the credit pulls databases, such as https://creditboards.com/fo...
by dollar_elbow
Tue Sep 11, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars
Replies: 53
Views: 5424

Re: Barron's--Vanguard Is Losing Battles on Two Fronts in Fee Wars

Why does Vanguard impose minimums on their funds? I thought the expense ratio was supposed to cover operating costs so why bother with minimums? They could capture even more of the market without them. They could offer a third slightly more expensive class of shares for balances less than $3k or enf...
by dollar_elbow
Fri Aug 31, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best Checking Account?
Replies: 50
Views: 6335

Re: Best Checking Account?

I like Capital One 360 checking. It has fast, usually same day deposit of checks and ACH transfers. My wife and I use it for joint checking.

Schwab is the best if you want free ATM use, but the banking features are minimal. Fidelity's cash management account also has free ATM use.
by dollar_elbow
Mon Aug 27, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 5907

Re: Man...opening a savings account with Ally is an arduous process.

My experience with Ally is that they require all three credit reports unfrozen to open an account. They do not seems to do a hard pull, but for whatever reason, their system requires all three unlocked even if a rep tells you otherwise. If you don't unfreeze them, you will end up in an endless loop ...
by dollar_elbow
Mon Aug 27, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: What should I do with my "secured" credit card?
Replies: 9
Views: 840

Re: What should I do with my "secured" credit card?

I was in a similar situation a few years ago when I got a secured card to establish a credit history. I kept the card for one year, then applied for a couple of unsecured cards. I kept the secured card for a further year and then closed it as the credit limit was relatively low and I wanted the depo...
by dollar_elbow
Thu May 24, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Affordable luxury ladies watch?
Replies: 21
Views: 1653

Re: Affordable luxury ladies watch?

IMO at that price point you are looking at fashion watches (not the Omega/Rolexes and the like). At that price point many enjoy Michael Kors watches. Keep in mind there is nothing special about them other than brand and design. +1 At that price point, you're just getting a cheap quartz movement wra...
by dollar_elbow
Mon May 21, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 14444

Re: Chase Savings Account emptied out!

It is stories like this that stop me from using Schwab as my primary bank. I still can't believe that in 2018 it is not possible to get account alerts on a Schwab checking account to monitor for this type of situation.
by dollar_elbow
Wed May 16, 2018 12:44 pm
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 19630

Re: The front page is ugly

I think a few simple changes would benefit the front page: Switch to a sans serif font. Subjectively, I find Times New Roman to be an ugly font for web pages and so do many professional web designers, hence why most major websites don't use it. Part of this problem stems from the fact that very basi...
by dollar_elbow
Mon May 14, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 99
Views: 18466

Re: What online bank do you use?

I would point out that Schwab Bank is a real bank and offers a real bank account (Schwab has a bank and a brokerage, they are separate entities) that is linked to the Schwab brokerage account, whereas the Fidelity account is not a bank account, it is a brokerage account that Fidelity refers to as a...
by dollar_elbow
Fri Mar 23, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Going Sideways/Weird Shipment Problems
Replies: 66
Views: 7907

Re: Amazon Prime Going Sideways/Weird Shipment Problems

I've been an Amazon Prime member for a few years, paying for 2 day delivery, some free video viewing and that's about it. For 30 days return policy purposes, it was great to have their delivery information to track return eligibility. Over the past few months, now only about 20% of my deliveries ar...
by dollar_elbow
Wed Mar 21, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 21468

Re: Credit Card Recommendations

Citi Double Cash is good for an easy to use 2% cash back card. Fidelity Rewards Visa 2% cash back is also good, but requires a Fidelity Cash Management account (free) and has a terrible web interface for paying bills etc. Amazon Blue Cash is good if you buy a lot of food and/or shop in department st...
by dollar_elbow
Fri Mar 09, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6797

Re: Are you ready for Amazon checking?

I've never really understood why Schwab banking gets such stellar reviews here. Yes, it has some good features, such as the free ATM use, but few people on this board criticize its shortcomings. I would add that Fidelity's cash management account has similar issues so it seems to be a general probl...
by dollar_elbow
Fri Mar 09, 2018 8:05 pm
Forum: Personal Consumer Issues
Topic: Moto G5+ and Android Pay
Replies: 5
Views: 566

Re: Moto G5+ and Android Pay

Google Pay and Apple Pay are very similar technologies and you should be able to use Google Pay anywhere you can use Apple Pay. Google Pay is just as easy and seamless as Apple Pay. I use both as much as possible since it's almost always quicker than using a card to swipe or waiting for a chip card ...
by dollar_elbow
Wed Mar 07, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 ACH speed?
Replies: 10
Views: 5355

Re: Capital One 360 ACH speed?

Cap One 360 checking will usually do same day ACH transfers for me, i.e. if I make a transfer in the morning, it is usually deposited in the afternoon. Likewise checks usually deposit same day if I deposit before 9 pm, often within a couple of hours. The savings accounts hold money for 5 days, but I...
by dollar_elbow
Tue Mar 06, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6797

Re: Are you ready for Amazon checking?

Schwab banking in principle is very good (I have an account), but in practice it has slow processing times for deposits, and real-time banking alerts are non-existent (two critical features of a checking account in my opinion). If you want to know what your balance is or are worried about fraud, you...