Search found 2068 matches

by indexfundfan
Fri Apr 20, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge "Money Account" Question
Replies: 9
Views: 957

Re: Merrill Edge "Money Account" Question

You can request to use the BIF Money Fund as sweep. This is a government/treasury MMF. Current yield 1.17%.

https://www.blackrock.com/cash/en-us/products/282856/
by indexfundfan
Thu Apr 19, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Very interesting. One somewhat unrelated question -- at Fidelity / Vanguard, does your account get credited with the proceeds of the CD or bond on the maturity date? Or is it the next business day? Good question. I haven't had a bond or CD mature yet in a taxable account since I started buying brok...
by indexfundfan
Thu Apr 19, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Submissions for the 2,5,7 year treasury notes auction just opened at Vanguard. The auction dates are next week. The rates for 2-yr or longer treasuries are not as good as CDs. But treasuries are a lot more liquid if you need to sell before maturity. The rates for 1-yr or shorter treasuries are bette...
by indexfundfan
Wed Apr 18, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Doc and ofckrupke, thanks for your replies.
by indexfundfan
Wed Apr 18, 2018 6:47 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Thank you. Good to know. I have some questions about discount and premium bonds. Discount treasury bond When a bond is bought at a discount, it will "appreciate" in value to par when it reaches maturity. My understanding is that this "appreciation" or accrued interest must be reported each year as o...
by indexfundfan
Tue Apr 17, 2018 10:39 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

It has been interesting to see how a brokered CD with commission can yield more than a new issue CD due to the discount rate. I reasoned that it is because due to the poor liquidity, sellers have to take a big hair cut to be able to sell the CDs. I think these are usually the retail investors, so t...
by indexfundfan
Tue Apr 17, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks for the write-up. The reason I'm asking is because it looks like for two-year treasuries, the settlement date of the new issue and the maturity date of the old issue line up on the last day of each month (or next business day). Hence my question whether I can get the proceeds on the maturity...
by indexfundfan
Tue Apr 17, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Thanks for the write-up. The reason I'm asking is because it looks like for two-year treasuries, the settlement date of the new issue and the maturity date of the old issue line up on the last day of each month (or next business day). Hence my question whether I can get the proceeds on the maturity ...
by indexfundfan
Tue Apr 17, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Very interesting. One somewhat unrelated question -- at Fidelity / Vanguard, does your account get credited with the proceeds of the CD or bond on the maturity date? Or is it the next business day?
by indexfundfan
Tue Apr 17, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Question on discount and premium treasury bonds
Replies: 3
Views: 399

Question on discount and premium treasury bonds

Discount treasury bond When a bond is bought at a discount, it will "appreciate" in value to par when it reaches maturity. My understanding is that this "appreciation" or accrued interest must be reported each year as ordinary income. For the purpose of state taxes, is this accrued interest taxable ...
by indexfundfan
Mon Apr 16, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

I bought it at Vanguard. I paid $0.16 per thousand more than I would have at Schwab. (I didn't check Fidelity.) I don't care about auto roll because as a rule I don't hold Treasuries to maturity except for T-bills. That's interesting. I am curious. Can you disclose your strategy? Do you buy at 2-ye...
by indexfundfan
Mon Apr 16, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

What does "private" mean in this case? I'm thinking of purchasing a 2 or 3 yr new issue. I'm old enough to recall private banks and one of them went insolvent in my area. I assume this has a different connotation. - Thank you in advance 61760AKH1 Security type Certificate of deposit Issuer Morgan S...
by indexfundfan
Mon Apr 16, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Looking at 9128284C1

ask price at Schwab is $99.762 (min 1, max 800)
ask price at Fidelity is $99.765 (min 500) or $99.781 (min 1)

Schwab has the following note: "Denotes this offering is from the Schwab Inventory".

The difference is not a lot. You save $1.90 for every $10,000 at Schwab.
by indexfundfan
Mon Apr 16, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Here are the quotes for a specific treasury note (912828X21) on 4/16/18 at around 10am. 912828X21 US Treasury 1.5% 04/15 /2020 Index fan, do you have a backdoor into my computer? I bought 9128284C1 US Treasury 2.25% 03/31 /2020 just last week. :D LOL. We are all looking at the 2-years so it has to ...
by indexfundfan
Mon Apr 16, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2373

Re: Help with CD ladder strategy for emergency fund

Another point is that those rates you quoted are not the best. You can get better rates with brokered CDs or similar rates with treasury bonds which are exempted from state taxes.
by indexfundfan
Mon Apr 16, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Help with CD ladder strategy for emergency fund
Replies: 36
Views: 2373

Re: Help with CD ladder strategy for emergency fund

The yield curve is pretty flat so you do not gain much by extending beyond two years. The rule of thumb is to only extend by another year if you can get another 20 basis points in interest (for taxable bonds, for munis, it is 15 bps). For example, in extending from one-year to two-year, you get 2.33...
by indexfundfan
Mon Apr 16, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

Here are the quotes for a specific treasury note (912828X21) on 4/16/18 at around 10am. These are captured within one-minute of each other. The quotes come from Fidelity, Schwab and Vanguard. You can see on Schwab, the top quotes have a smaller spread. Unless you are buying $200k at one shot, the sp...
by indexfundfan
Sun Apr 15, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: New HVAC system
Replies: 15
Views: 1837

Re: New HVAC system

If you are bothered by the loud startup noise as the blower ramps up, get a two-stage variable speed furnace/blower. The difference in perceived noise is very significant.
by indexfundfan
Sun Apr 15, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

I compared a specific treasury on Friday and Schwab's price was the best among the big 3. I will see if I can do a capture and post them tomorrow.
by indexfundfan
Sat Apr 14, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Question on treasury bond maturity date
Replies: 4
Views: 178

Re: Question on treasury bond maturity date

There is a difference between maturity and sale. If you redeem at maturity, there is no T + 2 involved. The maturity proceed plus accrued interest should be credited to your account at the close of business on the maturity date. I am almost certain that a good form like Schwab follows that practice...
by indexfundfan
Sat Apr 14, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Question on treasury bond maturity date
Replies: 4
Views: 178

Re: Question on treasury bond maturity date

Thanks. I'm planning to use Schwab.

But I'm curious why it would depend on the brokerage. If I sell a stock, I know it settles on T+2. This is the same with every brokerage and I can confidently use it for any debt that requires settlement on T+2.
by indexfundfan
Sat Apr 14, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Question on treasury bond maturity date
Replies: 4
Views: 178

Question on treasury bond maturity date

Suppose the maturity date of a treasury bond is 4/15/2020. Would I get the money on 4/15/2020 or the day after? I am asking this because I'm trying to find out if I can roll-over treasuries with no gap in between the maturity of one and the start of a new one. For example: Bond 1: matures on 4/15/20...
by indexfundfan
Fri Apr 13, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Short-term investment options at BoA for 100K
Replies: 24
Views: 1336

Re: Short-term investment options at BoA for 100K

I put a small amount of spare cash in the MINT ETF. It is extremely liquid with very tight spreads (a spread of $0.01 with a NAV of around $101).
by indexfundfan
Thu Apr 12, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term investment options at BoA for 100K
Replies: 24
Views: 1336

Re: Short-term investment options at BoA for 100K

Thank you all for the help. So I played around with Merrill Lynch, and bought 4 T-bills in a ladder fashion (maturing 3 months). I will renew them for a 1 year each as they mature. CUSIP, QUANTITY, PRICE, YIELD TO WORST, MATURITY DATE 912796PQ6, 6000, 99.57, 1.72%, 7/12/2018 912796NZ8, 6000, 99.043...
by indexfundfan
Wed Apr 11, 2018 9:23 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

invstar wrote:
Wed Apr 11, 2018 8:41 pm
Thanks Doc. So are secondary CDs not advised?
Secondary CDs are fine and sometimes you can find even better deals compared to new issues. But what you have listed is not a "regular" CD. Regular CDs are not callable and have fixed rates.
by indexfundfan
Wed Apr 11, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: I Bond’s Variable Rate Will Fall To 2.22% On May 1
Replies: 36
Views: 4356

Re: I Bond’s Variable Rate Will Fall To 2.22% On May 1

As to the topic of the thread, I was planning to hold off until May in the hopes of a higher fixed rate. But it seems unlikely they will do more than MAYBE go from 0.1% to 0.2%... and they could keep it the same or even go back to 0.0%. So I'm tempted to just buy now and lock in 0.1% fixed + 2.48% ...
by indexfundfan
Wed Apr 11, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: I Bond’s Variable Rate Will Fall To 2.22% On May 1
Replies: 36
Views: 4356

Re: I Bond’s Variable Rate Will Fall To 2.22% On May 1

I've read many, many threads on this topic here at BH. I'll just say this: My hope is that in 40-50 years, if I'm fortunate to live a long life, and my heirs are dealing with my estate, the TD interface is unlikely to look and operate as it does now. So, my view is if you are interested in I Bonds ...
by indexfundfan
Wed Apr 11, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: I Bond’s Variable Rate Will Fall To 2.22% On May 1
Replies: 36
Views: 4356

Re: I Bond’s Variable Rate Will Fall To 2.22% On May 1

Regressor wrote:
Wed Apr 11, 2018 12:23 pm
Is there any advantage to waiting till May first to buy the 10k worth of I bonds as opposed to buying now?
The fixed rate, which is fixed for the duration (30-yr) of the bond, could be raised.
by indexfundfan
Wed Apr 11, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: I Bond’s Variable Rate Will Fall To 2.22% On May 1
Replies: 36
Views: 4356

Re: I Bond’s Variable Rate Will Fall To 2.22% On May 1

I plan to maximize. This gave me pause whether to buy in April or wait for a possible increase in the fixed rate.
by indexfundfan
Tue Apr 10, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term investment options at BoA for 100K
Replies: 24
Views: 1336

Re: Short-term investment options at BoA for 100K

Brokered CDs are FDIC insured and could be issued by banks you already know like Ally, Citibank, Goldman. The main difference is if you need to liquidate early. With a CD directly from the bank, you generally pay an early withdraw penalty. With brokered CDs, you have to find a buyer to buy it from y...
by indexfundfan
Tue Apr 10, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Short-term investment options at BoA for 100K
Replies: 24
Views: 1336

Re: Short-term investment options at BoA for 100K

Open the Merrill Edge account and put the money into brokered CDs. You can get 1.6% for a 3-month CD or 1.9% for a 6-month CD. Assets in Merrill Edge count towards qualifying for Platinum Honors.
by indexfundfan
Tue Apr 10, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 126
Views: 16008

Re: 2-year CDs at Vanguard and Fidelity Today

I'm looking at this from Schwab and in addition to those mentioned, I also noticed Ally 2-year at 2.6% (settles 4/19).
by indexfundfan
Sun Apr 08, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: 2-yr treasury ladder with 6-month rungs
Replies: 13
Views: 1205

Re: 2-yr treasury ladder with 6-month rungs

Model CD Ladders - Fidelity The CD autoroll reinvests back to the length of the ladder. No waiting for the next auction. Rates with treasuries are comparable or better. Thanks for the information. I will consider CDs too. But if the after tax return are the same, my preference would be to go with t...
by indexfundfan
Sun Apr 08, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: 2-yr treasury ladder with 6-month rungs
Replies: 13
Views: 1205

Re: 2-yr treasury ladder with 6-month rungs

Fidelity's auto-roll fine print For a maturing U.S. Treasury security, the service will automatically reinvest proceeds from the Maturing Position into the current U.S. Treasury Auction for the security with a term to maturity corresponding to the Maturing Position. In the event the Auto Roll Servic...
by indexfundfan
Sun Apr 08, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: 2-yr treasury ladder with 6-month rungs
Replies: 13
Views: 1205

Re: 2-yr treasury ladder with 6-month rungs

What is the commission to buy treasuries in the secondary market at Vanguard? Vanguard's website says there is no commission, so I assume you only lose out a bit on the bit-spread?
by indexfundfan
Sun Apr 08, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: 2-yr treasury ladder with 6-month rungs
Replies: 13
Views: 1205

Re: 2-yr treasury ladder with 6-month rungs

I would ask Fidelity for specifics on how their auto-roll program works with these securities. I'd actually be a little bit curious what they say. There are a lot of dates that make it confusing. Let's take the 2 year auction from February: Announcement Date: 2/15/18 Auction Date: 2/21/18 Settlemen...
by indexfundfan
Sat Apr 07, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 237
Views: 30935

Re: New HSA provider Lively offers investments for $30/yr fee

TDA does offer NTF mutual funds. But these generally have higher expense ratios.

For example, the cheapest NTF S&P500 index mutual fund is probably PREIX, with ER of 0.21%.
by indexfundfan
Sat Apr 07, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: 2-yr treasury ladder with 6-month rungs
Replies: 13
Views: 1205

2-yr treasury ladder with 6-month rungs

I'm considering starting a 2-yr treasury ladder with 6-month rungs at Fidelity. My questions are the following: a) Can this be fully automated (once the ladder is fully established) without user intervention? I think Fidelity's "autoroll" feature will help in this. b) Would there be any time "gaps" ...
by indexfundfan
Sat Apr 07, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis corrections
Replies: 10
Views: 692

Re: Cost basis corrections

I have updated the cost basis of uncovered shares using the form. I scanned the completed form and sent it to them using secure message.
by indexfundfan
Mon Apr 02, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 930
Views: 160655

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

My understanding is that these are not self employment income. It is not from a job.
by indexfundfan
Mon Apr 02, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Did I just screw up my first attempt at tax loss harvesting?
Replies: 12
Views: 728

Re: Did I just screw up my first attempt at tax loss harvesting?

If you are not reinvesting into shares of the dividend growth fund, you are fine.
by indexfundfan
Mon Apr 02, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Fast IRS refund
Replies: 38
Views: 3453

Re: Fast IRS refund

8 days for me to get direct deposit from the date of efile. The paper savings bonds came a week later.
by indexfundfan
Sun Apr 01, 2018 8:16 am
Forum: Investing - Theory, News & General
Topic: Many Many Statement Enclosures
Replies: 4
Views: 476

Re: Many Many Statement Enclosures

How did you get 26 pages? In my online statement, I only saw 3 additional pages. One page is to disclose how their research department rate an investment (of no concern to me), and two pages explaining their products. It's only 15 pages, but it's 26 individual statements of "things you ought to kno...
by indexfundfan
Sat Mar 31, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: Many Many Statement Enclosures
Replies: 4
Views: 476

Re: Many Many Statement Enclosures

How did you get 26 pages? In my online statement, I only saw 3 additional pages. One page is to disclose how their research department rate an investment (of no concern to me), and two pages explaining their products.
by indexfundfan
Thu Mar 29, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: Will I lose VG bond fund distribution if selling before end-of-month?
Replies: 8
Views: 813

Re: Will I lose VG bond fund distribution if selling before end-of-month?

The implications are that you will be "buying into a distribution" with a fund like VSIGX if you buy near the end of the month. No such issues with VFSUX.
by indexfundfan
Wed Mar 28, 2018 7:04 am
Forum: Investing - Help with Personal Investments
Topic: HSA from taxable state to non-taxable state
Replies: 5
Views: 407

Re: HSA from taxable state to non-taxable state

I'm not a tax advisor but I would think you should be fine to move the assets this year and assuming you are not otherwise required to file CA taxes for 2018 (you are neither a CA resident nor do you have any income attributed to CA). Besides, CA does not offer any tax deduction for any HSA contribu...
by indexfundfan
Tue Mar 27, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone buying CDs now instead of I bonds?
Replies: 22
Views: 3312

Re: Is anyone buying CDs now instead of I bonds?

I just purchased $5k of Ibonds through the refund method. My god, they sent me a stack of 12 envelopes -- for a total of 12 Ibonds. Why 12? Why not just $1000 x 5? You have no say what are sent to you. Here's how it goes: 4 x $1000, 1 x $500, 1 x $200, 6 x $50. Frankly, I'm amazed the USPS did not ...
by indexfundfan
Tue Mar 27, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 6106

Re: Concerns with Vanguard

Yikes! Got this email today from Vanguard, in part: "You don't have enough money in your money market settlement fund to pay for a recent trade in your Vanguard Brokerage Account " I received this email too. But this is not the worst. Last month, Vanguard charged me more than $100 of margin interes...
by indexfundfan
Tue Mar 27, 2018 1:11 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 6106

Re: Concerns with Vanguard

Yikes! Got this email today from Vanguard, in part: "You don't have enough money in your money market settlement fund to pay for a recent trade in your Vanguard Brokerage Account " I received this email too. But this is not the worst. Last month, Vanguard charged me more than $100 of margin interes...
by indexfundfan
Tue Mar 27, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone buying CDs now instead of I bonds?
Replies: 22
Views: 3312

Re: Is anyone buying CDs now instead of I bonds?

I just purchased $5k of Ibonds through the refund method. My god, they sent me a stack of 12 envelopes -- for a total of 12 Ibonds. Why 12? Why not just $1000 x 5? You have no say what are sent to you. Here's how it goes: 4 x $1000, 1 x $500, 1 x $200, 6 x $50. Frankly, I'm amazed the USPS did not ...