Search found 2910 matches

by indexfundfan
Wed May 20, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity- new rewards program for Wealth Management clients]
Replies: 21
Views: 2292

Re: FIDELITY USES FINANCIAL STRENGTH AND SCALE TO DELIVER UNMATCHED VALUE WITH FIRST OF ITS KIND FIDELITY REWARDS+ SM PR

Fidelity Wealth Management account needed, with an AUM fee of 0.50% – 1.50% !

Great if you are already an existing client of Fidelity Wealth Management, otherwise, no thanks.
by indexfundfan
Wed May 20, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 656
Views: 86583

Re: Best CD rates thread

Did anyone look at MYGAs? Recently there was a thread on this https://bogleheads.org/forum/viewtopic.php?p=5231074 CDs are guaranteed by FDIC (within limits), while admittedly there is no such guarantee for MYGAs. MYGAs may be covered by the state's insurance guaranty fund (less secure than FDIC for...
by indexfundfan
Wed May 20, 2020 6:47 am
Forum: Investing - Theory, News & General
Topic: Where to park cash in Fidelity?
Replies: 62
Views: 6038

Re: Where to park cash in Fidelity?

I don't believe the Schwab Bank High Yield Investor Savings account has ever been competitive. Perhaps it should be renamed "Low Yield Savings Account".
by indexfundfan
Sat May 16, 2020 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trading Day Times?
Replies: 4
Views: 615

Re: Vanguard Trading Day Times?

Q. Did Vanguard at one time have a 2:PM cutoff time in order for you to lock-in that days NAV? Seems to me that at one time this was the case, and if you bought into a fund after 2:PM it was to late and you got the next days closing NAV at the market close. Is that correct? If so, when did Vanguard...
by indexfundfan
Sat May 16, 2020 4:06 pm
Forum: Personal Investments
Topic: Fido Deferred Fixed Annuity
Replies: 45
Views: 3009

Re: Fido Deferred Fixed Annuity

I'm new to this. Question - is it a simple process to reinvest the money when the MYGA matures? Is each renewal considered a 1035 exchange? I'm currently at the age where any earnings withdrawal would be subject to the 10% tax penalty. Thanks for sharing.
by indexfundfan
Sat May 16, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217804

Re: Fidelity as a one stop shop

The Federal government lifted the transaction limit, but have you found a bank with high yield savings that has actually lifted that limit? Without charging fees if you go over? I recently setup an account at Ally hoping they'd do that. But so far no luck. It would be a substitute for my Fidelity C...
by indexfundfan
Thu May 07, 2020 11:41 am
Forum: Personal Investments
Topic: Money Market Fund Dividends
Replies: 5
Views: 447

Re: Money Market Fund Dividends

I only see a history of the monthly per share distribution for the fund online. Do they also have history of daily declared dividends somewhere? I don't think Vanguard posts this information. Here's a MMF which I use at TDA which does post the daily dividends https://www.federatedinvestors.com/prod...
by indexfundfan
Thu May 07, 2020 9:56 am
Forum: Personal Investments
Topic: Money Market Fund Dividends
Replies: 5
Views: 447

Re: Money Market Fund Dividends

Money market dividends are declared daily and paid monthly. Using your example, if the monthly dividend is $0.00193, a typical declared daily dividend could be $0.00193/30 = $0.00006433 per share (it varies day-to-day). All the declared daily dividends are added up and paid out once a month.
by indexfundfan
Fri May 01, 2020 9:04 am
Forum: Investing - Theory, News & General
Topic: I Bonds are a screaming buy - Tipswatch
Replies: 138
Views: 21567

Re: I Bonds are a screaming buy - Tipswatch

As expected, the new fixed rate for I-bonds purchased from May 2020 through Oct 2020 is 0.0%.

Fiscal Service Announces New Savings Bonds Rates, Series I to Earn 1.06% (composite rate), Series EE to Earn 0.10%

https://www.treasurydirect.gov/news/pre ... di0520.htm
by indexfundfan
Sat Apr 25, 2020 6:02 am
Forum: Personal Investments
Topic: FDIC Insured Core Settlement choice for TD ameritrade
Replies: 12
Views: 531

Re: FDIC Insured Core Settlement choice for TD ameritrade

Seems like this issue was knowable before making the switch...? I'd look into online savings accounts (Marcus, Ally, Capital One) if you have a significant cash sum. Regards, That option doesn't work if I want to earn dividend/interest on money with ability to deploy capital into securities/equitie...
by indexfundfan
Fri Apr 24, 2020 2:59 pm
Forum: Investing - Theory, News & General
Topic: Federal Reserve scraps transfer count limits on savings accounts
Replies: 41
Views: 3498

Re: Federal Reserve scraps transfer count limits on savings accounts

This is interesting because it means that the Federal Reserve has given up on their decades long requirement for bank reserve requirements. For years the requirement was that banks maintain 10% cash either in their vaults or on deposit at the Federal Reserve Bank for every dollar of demand deposits...
by indexfundfan
Fri Apr 24, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Federal Reserve scraps transfer count limits on savings accounts
Replies: 41
Views: 3498

Re: Federal Reserve scraps transfer limits on bank savings accounts

mptfan wrote:
Fri Apr 24, 2020 1:20 pm
AlphaLess wrote:
Fri Apr 24, 2020 1:16 pm
I would change the title of the thread to:

"Federal Reserve scraps monthly transfer count limits on bank savings accounts"
That title is misleading to me because it implies that credit unions are not included.
I just used the same title from Reuters. :-)
by indexfundfan
Fri Apr 24, 2020 1:01 pm
Forum: Investing - Theory, News & General
Topic: Federal Reserve scraps transfer count limits on savings accounts
Replies: 41
Views: 3498

Re: Federal Reserve scraps transfer limits on bank savings accounts

mptfan wrote:
Fri Apr 24, 2020 12:54 pm
xenial wrote:
Fri Apr 24, 2020 12:29 pm
I agree this separation is desirable, but if Ally eliminates the six withdrawal limit, I'll just use two different savings accounts.
How is that different from using a checking account and a savings account?
Most checking accounts pay nothing or peanuts in interest.
by indexfundfan
Fri Apr 24, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: Federal Reserve scraps transfer count limits on savings accounts
Replies: 41
Views: 3498

Re: Federal Reserve scraps transfer limits on bank savings accounts

I agree this separation is desirable, but if Ally eliminates the six withdrawal limit, I'll just use two different savings accounts. I'm not sure that treating a savings account just like a checking account is a good thing... but I did set up a different "savings" account to debit weekly to fund my...
by indexfundfan
Fri Apr 24, 2020 12:06 pm
Forum: Investing - Theory, News & General
Topic: Federal Reserve scraps transfer count limits on savings accounts
Replies: 41
Views: 3498

Re: Federal Reserve scraps transfer limits on bank savings accounts

Does that also apply to credit unions? I would think so. The now repealed Regulation D applied to savings and money market accounts. I wonder if banks would resist removing this limitation, because then the cash balances (a money maker since no interest is usually paid in checking) held in checking...
by indexfundfan
Fri Apr 24, 2020 11:54 am
Forum: Investing - Theory, News & General
Topic: Federal Reserve scraps transfer count limits on savings accounts
Replies: 41
Views: 3498

Federal Reserve scraps transfer count limits on savings accounts

Federal Reserve scraps transfer limits on bank savings accounts. https://www.reuters.com/article/us-health-coronavirus-fed-savings/federal-reserve-scraps-transfer-limits-on-bank-savings-accounts-idUSKCN22627Z Obviously your bank can still keep the 6-withdrawal per month limit, but now they can't say...
by indexfundfan
Thu Apr 23, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217804

Re: Fidelity as a one stop shop

On 4/20, when the SEC yield of VWSTX was 1.86%, the figure you quoted, the SEC yield of VWSUX was 1.94%. SEC yield of VWSUX as of today, 4/22, is down to 1.78%, so we're seeing the SEC yield follow the actual yield down as the older, higher yields are dropped from the 30-day average. So as with the...
by indexfundfan
Mon Apr 20, 2020 5:16 pm
Forum: Personal Investments
Topic: Best way to sell Dodge & Cox Mutual Fund, but not be out of the market?
Replies: 20
Views: 1336

Re: Best way to sell Dodge & Cox Mutual Fund, but not be out of the market?

As suggested above, you can sell in bits and pieces to minimize the impact of being out of the market. Suppose you need to move $100,000 and you divide the transactions into 10 pieces. For the first transaction, you sell $10,000 of DODGX. Then you wait for it to settle (I believe it is next business...
by indexfundfan
Sun Apr 19, 2020 8:28 am
Forum: Personal Investments
Topic: Best place to put short term $ now?
Replies: 19
Views: 2323

Re: Best place to put short term $ now?

retired@50 wrote:
Sat Apr 18, 2020 8:02 pm
GeorgiaPapa wrote:
Sat Apr 18, 2020 7:31 pm

I'm not planning on paying estimated taxes as my CPA has a way around that.
Is anyone else wondering what this is?

Regards,
My guess is that this is just the IRS safe harbor rule.
by indexfundfan
Sat Apr 18, 2020 4:51 pm
Forum: Personal Investments
Topic: issues with Marcus website?
Replies: 12
Views: 691

Re: issues with Marcus website?

Is the third page identity verification?
by indexfundfan
Sat Apr 18, 2020 4:47 pm
Forum: Personal Investments
Topic: issues with Marcus website?
Replies: 12
Views: 691

Re: issues with Marcus website?

I have no issues accessing Marcus. Have you tried with a different browser?
by indexfundfan
Fri Apr 17, 2020 7:01 am
Forum: Personal Investments
Topic: TD Ameritrade Money Market Options
Replies: 112
Views: 28229

Re: TD Ameritrade Money Market Options

Thanks for your replies. I find many folks got PTTXX as sweep vehicle in TDA. Prime Cash Obligations Fund (PTTXX) | Federated Hermes Is the above stable in the current condition? Thanks for sharing. I think TDA had a policy change -- you can't get any of the MMF as a sweep vehicle anymore. I hold P...
by indexfundfan
Wed Apr 15, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America Credit Card, receiving ebills at external bank billpay service?
Replies: 4
Views: 285

Re: Bank of America Credit Card, receiving ebills at external bank billpay service?

Not sure if you can receive ebills at external billpay service. The way I did mine is to use the Bill Pay service at the BofA website. Under Bill Pay -> Manage Accounts, you can add an external financial institution (e.g. Fidelity CMA) to draw your money from. After the external account is linked up...
by indexfundfan
Mon Apr 13, 2020 10:01 am
Forum: Personal Consumer Issues
Topic: Raised Garden Beds - Building Material
Replies: 40
Views: 1934

Re: Raised Garden Beds - Building Material

I used concrete blocks too. Personally I like the look of a raised bed built with concrete blocks.
by indexfundfan
Sun Apr 12, 2020 11:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 455
Views: 76184

Re: Vanguard Municipal Money Market VMSXX 1.39%

Swapping Treasury MM (VUSXX) for Muni MM (VMSXX) now that T-bills are going towards 0 yield and Fed is backstopping muni money markets. Granted, no state tax in WA. But... 1.83% tax equivalent (or better depending on income fluctuations) for me beats any new CD I can get at Ally right now. The dail...
by indexfundfan
Wed Apr 08, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Considering doing more direct debits from Savings
Replies: 6
Views: 343

Re: Considering doing more direct debits from Savings

I have recently started on this path too. Most of my purchases go through three of my BofA credit cards, and I set them to auto-draw from a money market account from All America bank (APY 1.5%). This uses up three of the six monthly allowed withdrawals. I have to use a money market fund because app...
by indexfundfan
Wed Apr 08, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Considering doing more direct debits from Savings
Replies: 6
Views: 343

Re: Considering doing more direct debits from Savings

I have recently started on this path too. Most of my purchases go through three of my BofA credit cards, and I set them to auto-draw from a money market account from All America bank (APY 1.5%). This uses up three of the six monthly allowed withdrawals. I have to use a money market fund because appa...
by indexfundfan
Wed Apr 08, 2020 6:12 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Merrill Edge
Replies: 127
Views: 18361

Re: Moving from Vanguard to Merrill Edge

An update - BoA Preferred Rewards customer service was useless, but a secure message to ME customer service had a prompt response, and whatever they did behind the scenes resulted in us getting enrolled into the program. I guess this is just more evidence that at mega corps, oftentimes systems don'...
by indexfundfan
Wed Apr 08, 2020 11:01 am
Forum: Personal Investments
Topic: Move Vanguard funds to Fidelity?
Replies: 20
Views: 1243

Re: Move Vanguard funds to Fidelity?

The funds are mutual funds not ETFs (VTSAX and VFLAX). They are in taxable as well as tax deferred accounts and I currently do an automatic direct reinvestment of dividends. I believe Fidelity does not charge for "automatic direct reinvestment of dividends" for Vanguard mutual funds (confirm with y...
by indexfundfan
Wed Apr 08, 2020 10:29 am
Forum: Personal Investments
Topic: Move Vanguard funds to Fidelity?
Replies: 20
Views: 1243

Re: Move Vanguard funds to Fidelity?

Hi all, My Fidelity representative has suggested that in order to simplify my accounts that I move my Vanguard S&P 500 index fund and my Vanguard Total Stock Market Index fund over to Fidelity. The simplification part appeals to me but I was wondering if there were any drawbacks to having Fidelity ...
by indexfundfan
Wed Apr 08, 2020 9:04 am
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 137
Views: 14333

Re: Marcus or Ally

I did wire transfer from local NC bank to Ally on 3/30 so that I could be assured of getting money in by bonus deadline. It cost $27 but I got the bonus. I liked the 18 month 1.75% rate, so I did another CD with Ally and had them pull money from my bank. It took several days for that to happen. I a...
by indexfundfan
Tue Apr 07, 2020 7:22 pm
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

How did you move the money? Did you issue a sell from Vanguard, and ask it to credit your savings account through ACH? I noticed that when I do this, I lose one day of interest. I think a wire transfer would have avoided that. Yes, ACH to external bank, and yes, I'll lose one or two days interest. ...
by indexfundfan
Tue Apr 07, 2020 6:30 pm
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

Today I transferred $50K back to my 2.5% savings account, so my subsequent daily yields won't have as much precision. If I didn't have access to a 2.5% savings account, I'd leave the money in VMSXX for now, as my TEY based on daily yield is 1.93%, and that's still much higher than Prime MM at 0.97%...
by indexfundfan
Mon Apr 06, 2020 4:49 pm
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 137
Views: 14333

Re: Marcus or Ally

I've had an Ally account with a few dollars in it for a while. In March they offered a 1% bonus on up to $25,000 move to Ally by 3/31. I went on and requested an ACH pull from another account I had on Friday morning 3/27. The money was pulled on Monday morning 3/30, but didn't show up in my Ally ac...
by indexfundfan
Sat Apr 04, 2020 8:27 pm
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

In case anyone is interested in daily yields for Fidelity MMFs: https://institutional.fidelity.com/app/item/RD_13569_21709/cash-management-funds-pricing-and-performance.html?pos=T Very good data. I wonder if Vanguard publish theirs too? I actually moved money into VMSXX and Fidelity's FZEXX last mo...
by indexfundfan
Sat Apr 04, 2020 8:16 am
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

Nice graph.

For those thinking of taking advantage of this short term anomaly, you need to be looking at the trajectory of the daily yield, not the 7-day yield.
by indexfundfan
Fri Apr 03, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217804

Re: Fidelity as a one stop shop

Kevin, The VMSXX 7 day SEC yield still shows as 2.78%. Is it dropping? I just transferred 75k from VUSXX to VMSXX. VMSXX yields better even after the yield goes down but I'm not sure if the risk is worth. Thanks. The 2.78% you see is the average over the past 7 days. Since the rate is falling, the ...
by indexfundfan
Fri Apr 03, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 217804

Re: Fidelity as a one stop shop

Kevin, The VMSXX 7 day SEC yield still shows as 2.78%. Is it dropping? I just transferred 75k from VUSXX to VMSXX. VMSXX yields better even after the yield goes down but I'm not sure if the risk is worth. Thanks. The 2.78% you see is the average over the past 7 days. Since the rate is falling, the ...
by indexfundfan
Fri Apr 03, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

For cash-like portion of your portfolio, at this point it time, where would you rather be? Mine is currently in Prime Money Market, where it has been ever since the yield went higher than Ally Savings account. I can't remember exactly when that was, but it's been at least a year or two. Currently A...
by indexfundfan
Fri Apr 03, 2020 7:26 am
Forum: Investing - Theory, News & General
Topic: What's happening with Muni Money Market fund yields?
Replies: 141
Views: 12827

Re: What's happening with Muni Money Market fund yields?

I believe the party's over. From my quick calculation, the annualized yield yesterday (4/2) was 1.3% for VMSXX.
by indexfundfan
Thu Apr 02, 2020 12:55 pm
Forum: Personal Investments
Topic: CDs at Merrill Edge
Replies: 2
Views: 238

Re: CDs at Merrill Edge

So I sold off all the Treasury Bills I had this morning. I am browsing the CDs at Merill Edge. I see some 6 months non-callable CDs with a 1 - 1.10% APY. These CDs are offered by "Midwest Community Bank", "First Financial Bank", "People's United Bank Nation", etc. Never heard of any of them. I Goog...
by indexfundfan
Thu Apr 02, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6974

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Cross posted this, but I don't understand how the 7 day yield of some Fido Muni MMF is still at 3.73%, when their other MMF mentioned in this thread are around 0.66% https://fundresearch.fidelity.com/mutual-funds/summary/316061100 Which MMF (the one with 0.66% yield) are you referring to? Only muni...
by indexfundfan
Thu Apr 02, 2020 12:31 pm
Forum: Personal Investments
Topic: Muni Money Market Fund vs. High Yield Savings
Replies: 4
Views: 509

Re: Muni Money Market Fund vs. High Yield Savings

nalor511 wrote:
Thu Apr 02, 2020 12:21 pm
I don't understand how the 7 day yield of some Muni MMF is still at 3.73%, when their other MMF are around 0.66% https://fundresearch.fidelity.com/mutua ... /316061100
Discussed here viewtopic.php?f=10&t=308857
by indexfundfan
Thu Apr 02, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6974

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Cross posted this, but I don't understand how the 7 day yield of some Fido Muni MMF is still at 3.73%, when their other MMF mentioned in this thread are around 0.66% https://fundresearch.fidelity.com/mutual-funds/summary/316061100 Which MMF (the one with 0.66% yield) are you referring to? Only muni...
by indexfundfan
Thu Apr 02, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6974

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

I am surprised / shocked to see the weekly liquidity for SPRXX (and its cousin FZDXX) going down to as low as 33% in December last year. It hovered around 40% in March. Even Vanguard's VMMXX is not a whole lot better.

On the other hand, the municipal MMFs have maintained mostly in the 60% range.
by indexfundfan
Tue Mar 31, 2020 8:26 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6974

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

mokaThought wrote:
Tue Mar 31, 2020 8:24 pm
Good points all. I'm persistently eyeballing how SHV (iShares 1–3mo Treasury ETF) behaves in comparison with VG Federal MM. I liquidated my Prime MM into Federal a couple of weeks ago.
Also look at BIL. It is a tiny bit cheaper. :-)
by indexfundfan
Tue Mar 31, 2020 8:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6974

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

If anyone really wants to hold the shortest term Treasuries at close to 0% yield, which is what the Treasury MM funds will be at in a few months, just buy 1m-3m Treasury Bills directly. Very liquid, very easy to sell. I used to think that it is very convenient to sell T bills. But a few people rece...
by indexfundfan
Tue Mar 31, 2020 8:13 pm
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 137
Views: 14333

Re: Marcus or Ally

Marcus's ACH system is faster. If you submit it early enough in the morning, you can even get same-day ACH (for $25k and below).

Ally can offer you next-day ACH, but it requires you to jump through some hoops and wait for two months when you link a new bank account.
by indexfundfan
Tue Mar 31, 2020 8:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity shuts 3 (Treasury) MM Funds to New Investors
Replies: 91
Views: 6974

Re: Fidelity shuts 3 (Treasury) MM Funds to New Investors

Vanguard will probably do the same too. It also shut its Treasury MMF during the global financial crisis.