Search found 164 matches

by saver007
Wed May 27, 2020 12:44 am
Forum: Non-US Investing
Topic: H1B Exit Strategy 401K vs Roth vs Brokerage
Replies: 64
Views: 3146

Re: H1B Exit Strategy 401K vs Roth vs Brokerage

I am not an expert but once you left the us firm, can't you rollover 401k to traditional IRA with IBKR and convert your investment to Irish domaciled funds traded on London stock exchange?
by saver007
Tue May 26, 2020 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Help
Replies: 21
Views: 1292

Re: Medicare Enrollment Help

by saver007
Mon May 18, 2020 9:55 pm
Forum: Personal Consumer Issues
Topic: Sources for N95 masks
Replies: 44
Views: 3443

Re: Sources for N95 masks

kn95 (Chinese n95 equivalent standard) masks are available. I was able to order a few from https://riverbendhealth.shop/ . It is selling for $3.5 per mask plus shipping.
by saver007
Sat May 02, 2020 4:07 pm
Forum: Personal Investments
Topic: Tax consequences of IB Stock Yield Enhancement program?
Replies: 32
Views: 1701

Re: Tax consequences of IB Stock Yield Enhancement program?

You can use below website for some indications on market borrow fee rate and availability. It's very hard on predict if your stock/ETFs will be lend out a given day. The lower the availability the better chances of your stock will be lent out.

https://iborrowdesk.com/
by saver007
Wed Apr 29, 2020 6:17 pm
Forum: Non-US Investing
Topic: Brokered CDs for USA-NRAs
Replies: 4
Views: 264

Re: Brokered CDs for USA-NRAs

I don't use it but IB's bond scanner list many CDs in it.
https://www.interactivebrokers.com/en/index.php?f=45559#/
by saver007
Thu Apr 23, 2020 10:57 pm
Forum: Personal Investments
Topic: How do you manage your cash position with your broker?
Replies: 6
Views: 657

Re: How do you manage your cash position with your broker?

May be you can open a separate account with IB with just VGSH and futures. Anyhow, I think SIPC protect upto 250K in cash in a brokerage account although there is some uncertainty about SIPC covering brokerage accounts holding only cash. see https://www.sipc.org/for-investors/what-sipc-protects . Fi...
by saver007
Thu Apr 16, 2020 4:30 pm
Forum: Personal Investments
Topic: Margin buying power
Replies: 8
Views: 634

Re: Margin buying power

It's normal for brokers to have stricter/ more conservative margin reqirements than what rules allow. That being said, your broker is being very conservative especially if you have portfolio margin and you are buying a broad based index like VTI. If you look at OCC's portfolio margin calculator, VTI...
by saver007
Wed Apr 15, 2020 9:13 pm
Forum: Personal Investments
Topic: Margin buying power
Replies: 8
Views: 634

Re: Margin buying power

I would say 2 million is your buying power for the initial day because of the 50% reg t margin reqirement. (Btw 4 million is the buying power for intra day - you can buy 4 million during day as long as you sold out 2M before 4pm due to 25% day trader margin). You should be able to buy more on the fo...
by saver007
Sat Apr 11, 2020 2:31 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 59010

Re: Interactive Brokers (Best Kept Secret)

Is liquidation really so bad though? You can add money and open the position again. And if you don't have the money to do that, you would have been unable to maintain the positions regardless. Ask any investor if they would like to choose which investments to sell to meet the margin call, or be fin...
by saver007
Fri Apr 10, 2020 10:18 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 59010

Re: Interactive Brokers (Best Kept Secret)

I opened an IB account during the market drop last month because I wanted to move a Schwab margin account to IB to drastically reduce the margin interest rate (Schwab is ridiculously high). However, I ended up not moving it to IB after all because it turned out not to do ANY of the things I wanted ...
by saver007
Tue Mar 24, 2020 10:12 pm
Forum: Investing - Theory, News & General
Topic: Banks vs. Brokerages?
Replies: 10
Views: 786

Re: Banks vs. Brokerages?

This is a very good question. Apart from from the protection granted by FDIC or SIPC, I say Brokers are inherently safer institutions because Brokers are not allowed to invest client money in non government backed securities. Banks can invest client money in riskier asset such as mortgage backed sec...
by saver007
Fri Mar 20, 2020 9:49 pm
Forum: Investing - Theory, News & General
Topic: 2020 COVID Crash Lessons
Replies: 157
Views: 12793

Re: 2020 COVID Crash Lessons

My lessons.. Time to seriesly look at hedging equity market exposure when: Options market volume spikes. I was wondering why options volume spiked in January. When treasuries Yield sinks but equity market act cool. The "signals" will probably be different next time. Like the signal a year(?) or so ...
by saver007
Fri Mar 20, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: 2020 COVID Crash Lessons
Replies: 157
Views: 12793

Re: 2020 COVID Crash Lessons

My lessons..

Time to seriesly look at hedging equity market exposure when:

Options market volume spikes. I was wondering why options volume spiked in January.

When treasuries Yield sinks but equity market act cool.
by saver007
Mon Mar 16, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Effective Treatments for COVID-19
Replies: 9
Views: 1052

Re: Effective Treatments for COVID-19

Follow David Sincair or Peter Attia in Twitter/Social Media . They keep track of latest treatment options

https://www.facebook.com/davidsinclairp ... 843607552/
by saver007
Sun Mar 15, 2020 3:23 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Movie Suggestions
Replies: 104
Views: 7012

Re: Coronavirus Movie Suggestions

"The virus" is a 2019 Malayalam ( south Indian) movie based on 2018 Nippah virus outbreak in Kerala, India.

https://www.amazon.com/gp/video/detail/ ... share_cu_r
by saver007
Sat Feb 22, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

Thanks everyone. I tend to agree FEHB options (Medicare primary , fehb secondary) is most ideal.. I will be also ok if my father went with original Medicare with medigap G high. Part D sucks but the NY State EPIC program mentioned above provides some backstop. Also good to see NY State is very consu...
by saver007
Sat Feb 22, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

Starting in 2020, if you have Medicare Part B and GEHA High option, GEHA reimburses $600 of your annual Part B expenses, https://www.geha.com/plans/medical/2020/high-option . GEHA High is a little more expensive than BCBS Basic, but it has no restrictions on out-of-network providers. GEHA also part...
by saver007
Sat Feb 22, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

I came across the FEHB Aetna direct plan which seems to address some concern I have with BCBS Basic. I am trying to determine advantage and disadvantage FEHB BCBS basic vs Aetna direct ? (With Medicare A&B) Aetna direct premium is $10/month cheaper ..annual Part b reimbursement is $100 more than BC...
by saver007
Sat Feb 22, 2020 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

I came across the FEHB Aetna direct plan which seems to address some concern I have with BCBS Basic. I am trying to determine advantage and disadvantage FEHB BCBS basic vs Aetna direct ? (With Medicare A&B) Aetna direct premium is $10/month cheaper ..annual Part b reimbursement is $100 more than BCB...
by saver007
Fri Feb 21, 2020 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

Tdubs wrote:
Fri Feb 21, 2020 10:46 pm
Option 1: With diabetes, your father is at an elevated risk of dementia. With no copay or coinsurance, Option 1 is the easiest to manage.
Thanks for your input. Agree Option 1 is certainly easier to manage.
by saver007
Fri Feb 21, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

You also have to purchase a drug plan (Medicare D). If you do not like the company you go with for the supplement (price rise too much or whatever reason) then to change insurers your dad would have to go under medical underwriting and might not be accepted. This is especially true as one gets olde...
by saver007
Fri Feb 21, 2020 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

2. Once you are on an Advantage plan, if you have pre-existing conditions, it is difficult to get back on a traditional Medicare+supplemental plan. This is true in *most* states, but it is not true in New York State. NY does not allow Medicare supplement providers to discriminate based on preexisti...
by saver007
Fri Feb 21, 2020 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

DW and I are both retired Federal employees who chose to combine Federal Employee Health Benefits (FEHB) Blue Cross and Blue Shield (BCBS) Basic and Medicare B. We live in eastern MA and have found that almost all the doctors that accept Medicare (which becomes the prime once an employee is retired...
by saver007
Fri Feb 21, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

This might be helpful: https://www.nytimes.com/2020/02/21/business/medicare-advantage-retirement.html Thanks. Precicly the internal debate we were having.. We have ruled out pure Medicare advantage plans but still not convinced what plan is better option between original Medicare and FEHB offered p...
by saver007
Fri Feb 21, 2020 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Re: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

consider that FEHB premiums do not go up with age. consider that FEHB is very flexible. the main insurance companies offer national plans, plus several HMOs are available. and you can switch between them once a year for any reason. ! also, look at the max-out-of-pocket numbers for the plans/combina...
by saver007
Thu Feb 20, 2020 1:17 am
Forum: Personal Finance (Not Investing)
Topic: How much do I make after taxes? Help with calculation
Replies: 11
Views: 1296

Re: How much do I make after taxes? Help with calculation

Bonus is taxed same way as the salaray. Witholding of taxes can be different.. bonus is withheld 22% per irs guidelines. Salary usually has low witholding rate.
by saver007
Thu Feb 20, 2020 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage
Replies: 37
Views: 2021

Medicare Options FEHB Vs Original Medicare Vs Medicare Advantage

My father is considering 3 options listed below for medical insurance. He is a federal employee in NY metro area. He will be retiring this year. He takes 5 drugs. Health OK but need to control cholesterol, BP and diabetics. 2 of 5 drugs are branded/tier 3 types. He will be in relatively tight budget...
by saver007
Sat Feb 15, 2020 9:27 am
Forum: Personal Investments
Topic: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade
Replies: 50
Views: 4101

Re: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade

I still recommend you give Interactive Brokers a try. IB's client portal and mobile phone app is simple enough to use. Just stay away from their Trader Work Station (TWS) desktop application which is designed for active traders. IB is a financially sound broker with 40+ years of industry experience....
by saver007
Wed Feb 12, 2020 10:28 am
Forum: Personal Investments
Topic: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade
Replies: 50
Views: 4101

Re: Choosing brokerages - next-best after Schwab, Fidelity, Vanguard, TD Ameritrade

Interactive Brokers. IB is becoming increasingly retail/user friendly .
IB don't advertise much.. It is one of the largest, efficient, safest,ethical brokerage out there..
by saver007
Wed Feb 05, 2020 7:17 pm
Forum: Investing - Theory, News & General
Topic: Berkshire Annual Meeting in person
Replies: 41
Views: 3479

Re: Berkshire Annual Meeting in person

I did it couple years ago for the same reasons. It was exausting waking up early AM and standing in line. I had a head ache all day but seeing Warren, Charlie and bill gates from a few feets away was totally worth the effort. I flew to Kansas City then drove to Omaha instead of flying directly to Om...
by saver007
Sat Jan 04, 2020 8:34 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers Cost Basis
Replies: 9
Views: 1110

Re: Interactive Brokers Cost Basis

I don't know but check ibor faq on this topic

https://www.interactivebrokers.com/lib/ ... copiedLink
by saver007
Fri Dec 27, 2019 2:45 am
Forum: Personal Finance (Not Investing)
Topic: My mega backdoor Roth hesitations - justified or ill-informed?
Replies: 39
Views: 3043

Re: My mega backdoor Roth hesitations - justified or ill-informed?

On my fidelity 401k account, I only see contribution options for Pre-Tax and Roth. Those of you who can do mega backdoor Roth via fidelity, do you have a contribution bucket/classification labeled After Tax or something similar? Just curious how the mechanics of pumping money into After Tax bucket w...
by saver007
Fri Dec 27, 2019 2:34 am
Forum: Personal Investments
Topic: 200,00 EURO to USD exchange question
Replies: 5
Views: 568

Re: 200,00 EURO to USD exchange question

IBKR is a good option for this as well assuming you don't mind setting up a brokerage account. IB has competitive not marked up forex rates with tiny commission. IB account has the ability to park cash in 20+ currencies if one wishes and a free wire is included monthly to any swift linked bank accou...
by saver007
Wed Dec 25, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: My mega backdoor Roth hesitations - justified or ill-informed?
Replies: 39
Views: 3043

Re: My mega backdoor Roth hesitations - justified or ill-informed?

I am a bit confused. If my company already offer Roth 401k in addition to traditional 401k, is there a need/benefit for doing mega backdoor Roth conversion? I can directly contribute to Roth 401k, correct? I am not sure if 19k annual contribution limit is applicable to Roth 401k? Is it possible to ...
by saver007
Wed Dec 25, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: My mega backdoor Roth hesitations - justified or ill-informed?
Replies: 39
Views: 3043

Re: My mega backdoor Roth hesitations - justified or ill-informed?

I am a bit confused. If my company already offer Roth 401k in addition to traditional 401k, is there a need/benefit for doing mega backdoor Roth conversion? I can directly contribute to Roth 401k, correct? I am not sure if 19k annual contribution limit is applicable to Roth 401k? Is it possible to s...
by saver007
Sun Dec 22, 2019 2:07 pm
Forum: Non-US Investing
Topic: IBKR Managed Securities Lent (Stock Yield Enhancement Program) How safe/risky is it?
Replies: 3
Views: 359

Re: IBKR Managed Securities Lent (Stock Yield Enhancement Program) How safe/risky is it?

It's low risk as you are getting cash as collateral for the securities lend out. So if for any reasons security is not returned, you keep the cash. Collateral is marked to marked daily meaning cash collateral value is adjusted depending on the daily changes in security prices. There is a risk that c...
by saver007
Sun Dec 22, 2019 2:36 am
Forum: Investing - Theory, News & General
Topic: What "Exactly" Does Selling Order Flow Mean?
Replies: 31
Views: 2934

Re: What "Exactly" Does Selling Order Flow Mean?

My understanding is that US has 80+ alternate trading systems (ATS). Liquidity in most of these ATS's are not displayed to market and thus not considered in calculating NBBO. Further, there is an inherent lag in calculating NBBO. Honest brokers should invest resources to tap liquidity in the widest ...
by saver007
Fri Oct 18, 2019 6:47 am
Forum: Non-US Investing
Topic: Interactive Brokers alternative for Swiss
Replies: 20
Views: 1689

Re: Interactive Brokers alternative for Swiss

IB client portal is pretty simple. Use the trade button on upper right hand corner. Mobile app is also pretty simple. TWS is not meant for retail traders.
by saver007
Sun Sep 29, 2019 9:09 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 59010

Re: Interactive Brokers (Best Kept Secret)

This website https://iborrowdesk.com has good data giving insight into the security lending market. VTI lending rate is now tiny .3% and there is a lot of supply/availability at the moment. IB will only lend out SYEP shares after it's natural supply from accounts with margin borrowing runs out. ICSH...
by saver007
Sat Sep 28, 2019 8:23 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 59010

Re: Interactive Brokers (Best Kept Secret)

Yep execution quality will definitely suffer but no one knows by how much. It's good that IB gave a choice to clients; either get free trade for inferior executions or pay commission for superior executions. Sounds fair. I will stick with commission model (pro) but some one with less than 100k equit...
by saver007
Sat Sep 28, 2019 6:39 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 201
Views: 59010

Re: Interactive Brokers (Best Kept Secret)

IBKR lite plus their stock yield enhancement program (security lending program) is essentially like paying negative brokerage commission.

You can get paid for holding stocks/ETFs with SYEP program and pay no commission for trading.
by saver007
Mon Sep 02, 2019 2:31 pm
Forum: Non-US Investing
Topic: safety of brokers
Replies: 9
Views: 966

Re: safety of brokers

I suggeat that you open two brokers account. The cost is small, for amount of 1M€. You also can open one on you, and other on your wife,... I suggest IB,because it has better reputation, tradition, and I think it is safer. But why not IB,and DeGiro. Could you explain why IB is safer than degiro? I ...
by saver007
Sat Aug 24, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Restricted application social security how to apply?
Replies: 3
Views: 416

Restricted application social security how to apply?

Quick question.

What is the correct application form for the restricted application method (only taking half of spouse benefit while self benefit continue to grow)?

I am assuming it is ssa-2 form? Or is it ssa-1 by any chance?
by saver007
Fri Aug 23, 2019 9:34 pm
Forum: Investing - Theory, News & General
Topic: How much can maintenance margin requirements increase during a crash?
Replies: 13
Views: 1258

Re: How much can maintenance margin requirements increase during a crash?

It is hard to predict/answer. Brokerages can increase their house margin requirements upto 100% if they want without giving notice. Unlikely to happen If your portfolio is built with large cap diversified unlevereged ETFs but more likely if your portfolio is built with risky small cap single stocks...
by saver007
Fri Aug 23, 2019 8:26 pm
Forum: Investing - Theory, News & General
Topic: How much can maintenance margin requirements increase during a crash?
Replies: 13
Views: 1258

Re: How much can maintenance margin requirements increase during a crash?

It is hard to predict/answer. Brokerages can increase their house margin requirements upto 100% if they want without giving notice.

Unlikely to happen If your portfolio is built with large cap diversified unlevereged ETFs but more likely if your portfolio is built with risky small cap single stocks.
by saver007
Tue Jun 18, 2019 10:09 pm
Forum: Investing - Theory, News & General
Topic: John Bogle gives tips for life on Father’s Day
Replies: 20
Views: 4217

Re: John Bogle gives tips for life on Father’s Day

[/quote] I tried again as per your encouragement. I don't recall reading any articles from your link but it said that I had reached the limit of my free articles and needed to subscribe. [/quote] Try accessing the link via a mobile device (phone). I couldn't read it from my desktop computer stating ...
by saver007
Fri May 17, 2019 6:37 am
Forum: Investing - Theory, News & General
Topic: How do brokerage firms make money anymore?
Replies: 16
Views: 1887

Re: How do brokerage firms make money anymore?

They are expecting 3k annual revenue from you! They are betting you are an average retail investor that keep 10% of your brokerage assets in cash. They can sweep that 100k in to their banking arm and earn 3%+ net interest margin by lending your cash out or investing it in mortgage backed securities ...
by saver007
Fri Mar 08, 2019 8:25 am
Forum: Personal Investments
Topic: Need to park about 1,000,000 for 7-8 months
Replies: 77
Views: 9454

Re: Need to park about 1,000,000 for 7-8 months

I say open an interactive brokers account. ib account can handle investments/cash in 20+ currencies and is known for very good forex conversion rates. It will make your cross broder transactions much more seamless and cheap if you value that. Invest cash in ultra short duration (term) ETF such as SH...
by saver007
Thu Feb 07, 2019 8:10 am
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 53647

Re: Vanguard Prime Money Market yield over 2.5%

BTW, for those with IBKR accounts, owning ICSH while signed up to IB's security lending program is a good deal. For some reason, ICSH get lend out pretty consistently month to month on certain days. It earned me about 65 basis point annualized distributed yield last month from lending. That's on top...