Search found 114 matches

by saver007
Tue Oct 09, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Decision Basics
Replies: 10
Views: 1082

Re: Medicare Decision Basics

Do your parents have CURRENT medical coverage through their jobs? If so, they don't need to sign up for Part B now; they DO however, need to show proof that they were covered during their initial eligibility period, otherwise, there is a penalty for late sign up. Yes. They are working now with empl...
by saver007
Tue Oct 09, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Decision Basics
Replies: 10
Views: 1082

Re: Medicare Decision Basics

Sister will be signing up in a few months, and I recommended the following You Tube channel => https://www.youtube.com/channel/UCttfJcDqkWJAORC6ZJWiIIg He explains everything clearly and seems to know the subject well. As for me, I went with Plan G when I signed up 2 years ago. The contract is guar...
by saver007
Tue Oct 09, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Decision Basics
Replies: 10
Views: 1082

Medicare Decision Basics

My parents approached medicare age. They've asked me to research and guide them through the choices. My parents are in NYC suburbs with middle income and is in OK health but not great.They are still working. At least for my dad, there is not going to be any employer provided plans Here is my summary...
by saver007
Tue Sep 25, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Linking Interactive Brokers (Checking) Account to an External Bank
Replies: 8
Views: 712

Re: Linking Interactive Brokers (Checking) Account to an External Bank

I just noticed there is a note that states " If your employer or paying institution does not accept letters as part of the account number, please use account number X. X being the account number without the character "U". This is under client portal , transfers and pay , direct deposit.
by saver007
Sat Sep 22, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Linking Interactive Brokers (Checking) Account to an External Bank
Replies: 8
Views: 712

Re: Linking Interactive Brokers (Checking) Account

Direct deposit feature is just recently introduced with IB.. I haven't set it up myself but I assume you have seen this FAQ https://www.interactivebrokers.com/en/software/am3/am/funding/directdeposit.htm Did you try entering "U" in the account number? May be it will go through.. I wonder why IB intr...
by saver007
Thu Sep 13, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Best options for Cash to beat inflation (other than CD) for short term 1-3 years
Replies: 7
Views: 1071

Re: Best options for Cash to beat inflation (other than CD) for short term 1-3 years

If you take little more risk and invest in short duration ETFs, you can earn little more yield. I use ICSH . It has effective duration of .42 so risk of principal loss is low except for financial crises situation. It invest in commercial papers (same stuff prime minister of market funds invest in) ....
by saver007
Tue Sep 04, 2018 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: London stock exchange
Replies: 3
Views: 423

Re: London stock exchange

Interactive Brokers provide direct access to LSE or most other developed world markets
by saver007
Thu Aug 30, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Ultra Short Term Bond ETF ?
Replies: 32
Views: 2510

Re: Ultra Short Term Bond ETF ?

I use SHV and ICSH with Interactive Brokers stock yield enchancement program. I've been getting extra 30 basis point Yield for ICSH with SYEP program for last couple months. So total around 2.6% distribution yield. Not bad for for .42 duration instrument . Do you pay a commission to buy ICSH throug...
by saver007
Wed Aug 29, 2018 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Ultra Short Term Bond ETF ?
Replies: 32
Views: 2510

Re: Ultra Short Term Bond ETF ?

I use SHV and ICSH with Interactive Brokers stock yield enchancement program. I've been getting extra 30 basis point Yield for ICSH with SYEP program for last couple months. So total around 2.6% distribution yield. Not bad for for .42 duration instrument .
by saver007
Thu Aug 23, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: relationship issues - advise needed
Replies: 51
Views: 4235

Re: relationship issues - advise needed

Hold Me Tight by Sue Johnson and any relationship books by John Gottman are excellent aids to navigate this situation. Both Sue Johnson and Johnson Gottman are leaders in this field and many marriage therapist just follow their approches.
by saver007
Thu Aug 23, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: How to raise cash to pay living expenses in near term (nine months)?
Replies: 47
Views: 3207

Re: How to raise cash to pay living expenses in near term (nine months)?

May be it's too late for you,there is a promotion running where if you open IB accounts via stockbrokers.com you get 50 basis point discount on margin interest.
by saver007
Tue Aug 07, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 4223

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

Cash has implied expense ratio of 1.5% + and it's the largest component of brokerage assets. It's funny bogleheads obsessed over expense ratio of ETFs and mutual funds but not cash.. The idea is that you don't keep much cash in your sweep account. And if you don't trade much even temporary holding ...
by saver007
Mon Aug 06, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 4223

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

Cash has implied expense ratio of 1.5% + and it's the largest component of brokerage assets. It's funny bogleheads obsessed over expense ratio of ETFs and mutual funds but not cash..
by saver007
Fri Aug 03, 2018 6:03 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers Stock Lending Yield for ICSH and SHV
Replies: 8
Views: 676

Re: Interactive Brokers Stock Lending Yield for ICSH and SHV

Also for ICSH, the supply of stocks available for lending might be be very low.. big part of supply in security lending market comes from leveraged/margined portfolios ( brokers are allowed to lent out stocks from leveraged clients to finance margin lending) . I assume it doesn't make sense for leve...
by saver007
Thu Aug 02, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers Stock Lending Yield for ICSH and SHV
Replies: 8
Views: 676

Re: Interactive Brokers Stock Lending Yield for ICSH and SHV

Most days ICSH was lent with 1.7% rate... Yeah who would want to short a short duration fund paying such high borrow fee ..I wonder...
by saver007
Thu Aug 02, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers Stock Lending Yield for ICSH and SHV
Replies: 8
Views: 676

Interactive Brokers Stock Lending Yield for ICSH and SHV

I was surprised to see how much additional yield IB'S fully paid security lending program is producing for these short duration ETFs. For ICSH, July distribution yield was boosted from 2.34% to 2.73%. That's .39% additional yield. Pretty impressive! I hope it last!! For SHV, yield was boosted by jus...
by saver007
Wed Jul 25, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: What are the best options for a home equity line of credit?
Replies: 8
Views: 633

Re: What are the best options for a home equity line of credit?

If you sign up for an IB account via stockbrokers.com, you can borrow at fed funds rate plus 1% that is about 2.91% now. If you go this route read up on IB margin rules , be sure to leave ample excess equity over margin requirement, otherwise your portfolio may get liquidated with very short notice
by saver007
Sat Mar 31, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: Barrons 'Interactive Brokers top Online Broker'
Replies: 31
Views: 3187

Re: Barrons 'Interactive Brokers top Online Broker'

Brokers offering free trades still get revenue from their execution partner.. TD gets about $2.5 per trade in order routing revenue. Although this additional order routing revenue makes it easier for brokers to offer free trade but it also create a conflict of interest and disincentive to find the ...
by saver007
Sat Mar 31, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Barrons 'Interactive Brokers top Online Broker'
Replies: 31
Views: 3187

Re: Barrons 'Interactive Brokers top Online Broker'

Brokers offering free trades still get revenue from their execution partner.. TD gets about $2.5 per trade in order routing revenue. Although this additional order routing revenue makes it easier for brokers to offer free trade but it also create a conflict of interest and disincentive to find the ...
by saver007
Sat Mar 24, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Barrons 'Interactive Brokers top Online Broker'
Replies: 31
Views: 3187

Re: Barrons 'Interactive Brokers top Online Broker'

IB doesn't play typical retail broker marketing games.. no free trades.. no sign up bonus.. Brokers offering free trades still get revenue from their execution partner.. TD gets about $2.5 per trade in order routing revenue. Although this additional order routing revenue makes it easier for brokers ...
by saver007
Fri Mar 23, 2018 11:16 pm
Forum: Investing - Theory, News & General
Topic: Barrons 'Interactive Brokers top Online Broker'
Replies: 31
Views: 3187

Re: Barrons 'Interactive Brokers top Online Broker'

Great!
IB is a great broker dealer to select to run a hedge fund and a three fund portfolio!!
by saver007
Tue Mar 13, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: your cash is trash at brokers J.Zweig - WSJ
Replies: 23
Views: 4918

Re: your cash is trash at brokers J.Zweig - WSJ

Interactive Brokers is the only us broker that I know that pay any decent interest on credit cash balance.. IB pay fed funds rate minus 50 basis point which is about .93 percentage now but should go up as fed raises. IB don't pay any interest for the first 10k and you don't get any interest at all i...
by saver007
Sat Mar 03, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

What's the cheapest way to transfer funds every month? I have these options: 1. HSBC: Pay sender and receiver wire transfer fees = $32.67 2. HSBC: Pay only sender fees, receiver pays their fees = $16.335 3. Citibank: Free transfer since custodial account is in Citibank NY = Zero fees 4. Money excha...
by saver007
Sat Mar 03, 2018 12:08 am
Forum: Investing - Theory, News & General
Topic: Goodbye Emergency Fund (sorta)
Replies: 34
Views: 4828

Re: Goodbye Emergency Fund (sorta)

Keep your taxable brokerage account with IB so you can borrow at fed funds rate + 150 basis point in case of emergencies.. fed funds + 100 basis point if you sign up via stockbrokers.com. I don't recommend using margin for investment but it is very reasonable as a emergency fund reserv.
by saver007
Thu Mar 01, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 246
Views: 29832

Re: Case study Broker trade executions

https://www.stockbrokers.com/guides/order-execution

Came across this article while googling. Pretty relevent to subject of this thread.
by saver007
Thu Mar 01, 2018 5:44 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

If one has Voyager select at Vanguard which gives $2 per stock/etf transaction would one still go with IB just for better execution of trades? Difficult to answer this question because commission is readily measurable and execution quality is not. If one just buys just mutual funds..it is an easy a...
by saver007
Wed Feb 28, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

lazyday wrote:
Wed Feb 28, 2018 8:10 am

Thanks, I didn't know that. The FAQ you linked clearly states you can use IRAs!
I didn't spot anything about cash accounts though.
Cash accounts above 50k equity is eligible per https://ibkr.info/node/1839
by saver007
Wed Feb 28, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

You can lend out your long stock and earn $$ A buy and hold US investor who rarely trades, mainly owns individual stocks and some ETFs, is in the 0% tax bracket, and has a large taxable margin account might really benefit from this. Heh, now that I wrote that, I'm thinking there are few such people...
by saver007
Tue Feb 27, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

Why would any US based buy and hold investor investing in mutual funds/etfs choose IB? I understand if one is trading futures,options,shorting and foriegn markets and utilize their low interest margin rates for leverage makes sense to go with IB. Why not? I am being repetitive but here are few reas...
by saver007
Mon Feb 26, 2018 9:57 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

destin wrote:
Mon Feb 26, 2018 5:16 pm
How did IB fair the beginning of this month when many brokerage sites stopped working?
I haven't heard about any IB outages during beginning of this month. Although it does happen every now and then...fact of life with any complex online systems.
by saver007
Mon Feb 26, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

Does IB ever offer account opening bonuses. or (at the least) refund transfer fees the way other brokerages do ? I do know they offer referral bonuses, and I do have a relative who has an IB account whom I could ask to give me a referral, but I was wondering about bonuses to the referee ... Never s...
by saver007
Sun Feb 25, 2018 12:29 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

Even these huge rebates are less than the commissions IB charges. So I wouldn't choose IB over Merrill Edge just because of the rebate alone. But if one had other reasons to choose IB... Another kicker with IB is the stock yield enhancement program where IB would lend your long stock and pay client...
by saver007
Sun Feb 25, 2018 12:00 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

What is fidelty's and Vanguards interest rate on idle cash balance without sweeping to money market account or buying a money market fund? I'm not sure I understand the distinction. Vanguard's settlement fund is a Federal Money Market Fund, with an interest rate of 1.31% right now. You can also hol...
by saver007
Sat Feb 24, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

Except for Interactive brokers, I dont see any brokers pays interest in idle cash balance in brokerage account (other than via money market bank accounts). Vanguard and Fidelity both have sweep MMFs that pay interest on every dollar of cash. VG is the best here as Federal Money market has an ER of ...
by saver007
Sat Feb 24, 2018 12:20 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 128
Views: 39409

Re: Interactive Brokers (Best Kept Secret)

How can Robinhood stay in business with "NO FEES" to cover expenses? They earn interest from customers' cash balances. Even the big brokers like Schwab or Etrade earn a pretty small amount of their income from commissions. For example, in 2017 E*Trade's total revenue was $2.37B; of that $441M was f...
by saver007
Thu Feb 22, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a bond ladder not as easy as I thought
Replies: 11
Views: 1835

Re: Buying a bond ladder not as easy as I thought

saver007 wrote:
Thu Feb 22, 2018 10:39 pm
You know IB pays interest on idle cash feds fund rate -50 basis point? This rate is about .92% now but will go up as fed is expected to hike multiple times this year.
Btw interest is paid only if net equity is greater than 100k and not paid on first 10k cash.
by saver007
Thu Feb 22, 2018 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a bond ladder not as easy as I thought
Replies: 11
Views: 1835

Re: Buying a bond ladder not as easy as I thought

You know IB pays interest on idle cash feds fund rate -50 basis point? This rate is about .92% now but will go up as fed is expected to hike multiple times this year.
by saver007
Wed Feb 21, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers Feature Question (Rebalancing, Accumulate)
Replies: 4
Views: 509

Re: Interactive Brokers Feature Question (Rebalancing, Accumulate)

I can't answer your questions but try asking in below forum. It is a Singapore based forum but have many IB experts there who might know.
http://forums.hardwarezone.com.sg/money ... 1-244.html
by saver007
Wed Feb 21, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers fee structure for passive investors
Replies: 39
Views: 3973

Re: Interactive Brokers fee structure for passive investors

You can choose the commission style you prefer from IB's account management after account is approved. You can change it anytime you want.
by saver007
Tue Feb 20, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers fee structure for passive investors
Replies: 39
Views: 3973

Re: Interactive Brokers fee structure for passive investors

Even for us market , IB is way better than competition.. assuming you have 100k+ equity and don't need hand holding. - sign up for their stock yield enhancement program, the revenue from this program pays for all my commission to IB.. plus more. - IB pays interest on cash in brokerage account above ...
by saver007
Sat Jan 20, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 246
Views: 29832

Re: Case study Broker trade executions

Open market has many more participants than a handful of internalizers typical retail broker brokers exclusively route order to. When I last looked into it, I saw some brokers using just one internalizer or market maker. I don't know how much price competition happen in those scenarios. If you want ...
by saver007
Sat Jan 20, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 246
Views: 29832

Re: Case study Broker trade executions

Well, one big problem is if your broker sell your order to a internalizer rather than to route it to a public exchange, your order won't be part of the exchange order book shown in that level 2 quote. The internalizer/market maker who bought your order from the broker have the legal obligation to ex...
by saver007
Wed Jan 17, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Case study Broker trade executions
Replies: 246
Views: 29832

Re: Case study Broker trade executions

Interactive Brokers has an order type called split spread which apparently execute at the mid of bid/ask. Anyone tried it?
Commercial for it is pretty interesting/comic :? https://www.youtube.com/watch?v=Jw7QWyN_2Zg
by saver007
Wed Jan 17, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Book Suggestions
Replies: 14
Views: 1257

Re: Book Suggestions

Peak: Secrets from the New Science of Expertise - Shatters the myth of talent. Authors explain how insignificant/irrelevant genetic talent in ones success. Rather expertise is gained by practice or the right kind of practice the authors calls deliberate practice. Quality of mental representations g...
by saver007
Sat Nov 25, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Broker account security compendium thread
Replies: 28
Views: 2529

Re: Broker account security compendium thread

My broker Interactive Brokers is a very security conscious company. iB insist on 2FA by default. If you don't want 2FA, You have to sign a waiver agreeing you are on the hook for any hack attacks. I used to use a physical card for 2FA but now use IB key app to generate 2FA codes which is pretty conv...
by saver007
Sun Nov 05, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: Who owns Vanguard? Schwab and Fidelity!
Replies: 27
Views: 4833

Re: Who owns Vanguard? Schwab and Fidelity!

shareholding is reported in street names. It just means high percentage of vanguard funds are owned by Charls schawb and Fidelity clients not by these firms themselves.
by saver007
Wed Oct 18, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Multi-currency accounts for US citizen
Replies: 37
Views: 2435

Re: Multi-currency accounts for US citizen

Your son sould also look into IBKR alhough IB has inactivity fees ( $3 per month for age less than 25, $10 otherwise - no inactivity fee if equity below 100k). IB account can hold 20+ currencies and known for great forex rates, low commission. They also have a master card debit card linked to broker...
by saver007
Sat Oct 14, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: 2017 BMW X1 purchase
Replies: 14
Views: 1886

Re: 2017 BMW X1 purchase

Saver007, interesting that you brought up the Honda CRV-Touring. I test drove the vehicle earlier this week. I did like the CRV, although I think I like the look and feel of the X1 a little more. However, Honda's reliability is certainly better than BMW in my opinion and repair costs would likely b...