Search found 4751 matches

by mptfan
Mon Dec 17, 2018 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3310

Re: Selling specific tax lots at Schwab

mptfan in my experience it is possible to use specific identification of shares method to sell mutual fund shares at Schwab. I've done it last year and the year before and I intend to do it again this year. I'm aware of the election form but I don't recall that I've ever submitted it. In order to s...
by mptfan
Mon Dec 17, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3310

Re: Selling specific tax lots at Schwab

Vanguard does not have that requirement. But to be sure, what requirement are you asking about? Schwab's requirement that you must submit a form to elect the specific identification of shares cost basis method before you purchase a mutual fund in a brokerage account, or else you will be barred fore...
by mptfan
Mon Dec 17, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3310

Re: Selling specific tax lots at Schwab

Does anyone know whether Vanguard or Fidelity have the same requirement?
by mptfan
Mon Dec 17, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3310

Re: Selling specific tax lots at Schwab

I manage taxable accounts at Schwab, Fidelity, and Vanguard. I have found Fidelity and Vanguard to have more flexibility in regards to changing to specific id choice (after an account has been funded and mutual fund shares have been purchased). Unfortunately, most newer investors who setup a taxabl...
by mptfan
Mon Dec 17, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3310

Re: Selling specific tax lots at Schwab

Here is info from Vanguard website regarding specific id: Specific identification method This rigorous cost basis recordkeeping method could help you reap the greatest tax benefits—if you're willing to put in the time. How it works Each time you sell shares, you select exactly which shares you want...
by mptfan
Mon Dec 17, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3310

Re: Selling specific tax lots at Schwab

I know this is a zombie thread, but I would like to know if Schwab now has the option of selecting Specific Identification as the default cost basis method for mutual funds? At Schwab, the default is average cost basis on mutual funds. However, this can be changed by submitting the 1 page Schwab fo...
by mptfan
Sun Dec 16, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1787

Re: Moving from Schwab to another bank

The other thing that’s nice about a brick and mortar bank is cash withdrawals. There have been time when I needed 1,500-2,500 in cash. Schwab is good about upping withdrawal limits, but most ATMs cap you at 800-1000. So it can take trips to a few different banks to get that kind of cash out. I also...
by mptfan
Sun Dec 16, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 50
Views: 4240

Re: Fidelity as a one stop shop

anoop wrote:
Sat Dec 15, 2018 9:53 pm
But it looks like the OP is already using a brokerage for checking, so this concern shouldn't apply.
Schwab is a bank and a brokerage, and their checking account is a real checking account issued by Schwab Bank, not Schwab brokerage.
by mptfan
Sun Dec 16, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 81
Views: 13679

Re: I may have understood why it's so hard to save and invest

Thanks for all your answers, fortunately I am only 24 so I have time for my money to compound ! Just difficult to see my friend spending money on clothes, holidays and me buying shares of S&P500 ETFs ahah Some people are able to delay gratification and plan for the future, and some are not, it's as...
by mptfan
Sat Dec 15, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: [How do I send my Qualified Charitable Distribution to a charity]?
Replies: 26
Views: 1323

Re: [How do I send my Qualified Charitable Distribution to a charity]?

https://www.irs.gov/newsroom/know-these-facts-before-deducting-a-charitable-donation I don't see how checks you write on a VG account would count. A check of $250 or more is not acceptable as proof of a donation. According to the IRS source you cited... "Donations of $250 or More. If taxpayers dona...
by mptfan
Sat Dec 15, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 32
Views: 3310

Re: Selling specific tax lots at Schwab

I know this is a zombie thread, but I would like to know if Schwab now has the option of selecting Specific Identification as the default cost basis method for mutual funds?
by mptfan
Sat Dec 15, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: [How do I send my Qualified Charitable Distribution to a charity]?
Replies: 26
Views: 1323

Re: [How do I send my Qualified Charitable Distribution to a charity]?

I am trying to understand the mechanics of making QCD charitable contributions from a Vanguard IRA and the various options that are available, could someone confirm if my understanding is correct... 1) You can request QCD distributions online through the Vanguard website. No need to call. Vanguard w...
by mptfan
Fri Dec 14, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1787

Re: Moving from Schwab to another bank

Schwab is a great bank, no doubt. As already mentioned, though, it is not just about the difference in checking account interest rates. The savings account at Alliant is 2% (Schwab's is 0.45%), I like Alliant's credit card better than Schwab's, and Alliant allows you to deposit cash at ATMs. Collec...
by mptfan
Fri Dec 14, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1787

Re: Moving from Schwab to another bank

I don't think any institution has the BEST everything. So you can either use several institutions to optimize, or find one that is competitive in the areas that matter to you. Alliant is very strong all around, and I like simplicity. I agree, it boils down to a choice between optimization and simpl...
by mptfan
Fri Dec 14, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: [How do I send my Qualified Charitable Distribution to a charity]?
Replies: 26
Views: 1323

Re: [How do I send my Qualified Charitable Distribution to a charity]?

To clarify: Vanguard provides a book of "checks" which you write to whomever. Maybe for a QCD, maybe just a withdrawal. There are no "QCD checks" as such. I've done this for several years now. Thank you for this information. Does this only apply to the new Vanguard brokerage accounts, and does it m...
by mptfan
Fri Dec 14, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1787

Re: Moving from Schwab to another bank

arf30 wrote:
Fri Dec 14, 2018 4:44 pm
mptfan wrote:
Fri Dec 14, 2018 4:41 pm
Does Alliant reimburse foreign ATM fees?
Yes, but there's a 1% FTF.
Ouch. What the bold print giveth, the fine print taketh away.
by mptfan
Fri Dec 14, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1787

Re: Moving from Schwab to another bank

Does Alliant reimburse foreign ATM fees?
by mptfan
Fri Dec 14, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1787

Re: Moving from Schwab to another bank

I was wondering if there was a Schwab-like product with a brick and mortar presence. No, I don't think there is. You have to look at the big picture and understand what Schwab is doing... the main reason why Schwab can offer such a great banking product with lots of features that is virtually free ...
by mptfan
Fri Dec 14, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1787

Re: Moving from Schwab to another bank

sjt wrote:
Fri Dec 14, 2018 3:07 pm
Seems like Schwab fits the bill.... You don't mention why you want to move away from Schwab.
+1
by mptfan
Thu Dec 13, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 379
Views: 37171

Re: What types of jobs do Bogleheads have?

mancich wrote:
Thu Dec 13, 2018 5:15 am
Worked in a grocery store during high school and college. Then went to work for Megacorp, 29 years ago, in the CPG industry. Still there, and working as a Sales Director.
What is the CPG industry?
by mptfan
Wed Dec 12, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 71
Views: 5570

Re: Lyft driver got into an accident, but denies it

Does the Lyft app record a start time and end time for the ride? If so, perhaps you could point to that as being abnormally long and the reason for that is the accident the driver denies having. This. Lyft's data will absolutely show this and corroborate your story. The Lyft driver will likely clai...
by mptfan
Wed Dec 12, 2018 12:47 pm
Forum: Forum Issues and Administration
Topic: How do I delete my account?
Replies: 13
Views: 5688

Re: How do I delete my account?

onthecusp wrote:
Wed Dec 12, 2018 12:41 pm
Who were we talking about?
:confused
There was a poster on Boglheads once who went by pejp, but he hasn't posted for a long time and no one knows what happened.
by mptfan
Wed Dec 12, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: So Much Red [in cost basis of taxable accounts]
Replies: 26
Views: 2514

Re: So Much Red

I deal with it by doing nothing. The year to date return of the Vanguard total stock market fund is -.22%, that's almost exactly even compared to where it was a year ago. What's the issue?
by mptfan
Tue Dec 11, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 553
Views: 55867

Re: What frugal thing did you do today?

bryansmile wrote:
Mon Dec 10, 2018 10:28 pm
Come on people, do you really feel ok sharing a washer/dryer with others? Are you not disgusted with what's on stranger's undies?
Yes, I'm really ok with it, and no, I'm not disgusted by it. I think some people are just irrationally squeamish.
by mptfan
Mon Dec 10, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: Why are Fidelity's Target Date Funds So expensive?
Replies: 16
Views: 1500

Re: Why are Fidelity's Target Date Funds So expensive?

fortfun wrote:
Mon Dec 10, 2018 3:36 pm
With retirement on the horizon (5-10 years), and all of the market fluctuation, I've become a bit nervous lately.
The market always fluctuates. Has there been a time when it did not?
by mptfan
Mon Dec 10, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7084

Article: Your love of index funds is terrible for our economy

There is an opinion piece published today in Marketwatch with the title "Your love of index funds is terrible for our economy." Vanguard’s John Bogle didn’t know it at the time, but when he created the first index fund in 1975 he unleashed a monster. Stock index funds have grown so popular that they...
by mptfan
Sun Dec 09, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 162
Views: 8294

Re: Do long-term bonds belong in one's portfolio?

HEDGEFUNDIE wrote:
Sat Dec 08, 2018 9:15 am
I agree with all three of your points and they are why my bond allocation is 100% EDV
What is EDV?
by mptfan
Fri Dec 07, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about protecting Premarital Assets
Replies: 21
Views: 1966

Re: Questions about protecting Premarital Assets

Personally I still like the idea of moving from #2 to #3 and think it is more protective than your suggestion. If the monies are truly for the couple (co-mingled), then they should always come out of #3. If you pay from #2 - then it is no different than #3. It is now being used to pay assets for th...
by mptfan
Fri Dec 07, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Questions about protecting Premarital Assets
Replies: 21
Views: 1966

Re: Questions about protecting Premarital Assets

From the info I've unearthed over the years, keeping assets separate is a good idea. I would create an intermediary account to ensure separation, For example, 1- Your pre-married assets 2- A checking account in your name. 3- Your co-mingled assets, checking accounts, etc. If you need to pay bills a...
by mptfan
Mon Dec 03, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Selling mutual fund shares inside brokerage account - direct transfer to checking?
Replies: 1
Views: 170

Selling mutual fund shares inside brokerage account - direct transfer to checking?

What is the easiest way to transfer the proceeds of a sale of mutual fund shares held inside a Vanguard brokerage account to an outside checking or outside brokerage account? Let's say I own shares of VTSAX inside of a Vanguard brokerage account and I want to sell $10,000 of the fund and transfer th...
by mptfan
Sun Dec 02, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Automatic Withdrawal feature - how does it work?
Replies: 1
Views: 357

Vanguard Automatic Withdrawal feature - how does it work?

Does anyone use the Vanguard automatic withdrawal feature to automatically transfer funds on a monthly basis from a Vanguard brokerage account (not a mutual fund account) to their bank account or other account outside of Vanguard? I would like to know how this feature works...do you tell Vanguard to...
by mptfan
Sat Dec 01, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 46
Views: 7943

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

The general issue with arbitration clauses is well known. But I do not believe that a company could successfully enforce a provision of an arbitration agreement on an issue where Federal regulations specifically say they may not. In this case, the banking regulation expert quoted in the article poi...
by mptfan
Sat Dec 01, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 46
Views: 7943

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

Furwut, Yes there are laws that protect consumers on the books. But here is the rub...in most cases consumers cannot go to court to enforce those laws due to mandatory binding arbitration clauses that are buried in account agreements. I know you may not think that is the way it is, or that it should...
by mptfan
Sat Dec 01, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 46
Views: 7943

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

I am not a lawyer, but based on a few interactions with attorneys on corporate liability cases, I think the attorneys representing a customer who was not reimbursed for fraud would have a field day in court when questioning the representative from the financial institution. As you said, you are not...
by mptfan
Sat Dec 01, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Online Account Access for Spouse
Replies: 23
Views: 1373

Re: Vanguard Online Account Access for Spouse

My understanding is you can't impersonate your spouse. if you use their credentials, that is what you are doing. if you call in and use their information to identify yourself, you are impersonating them.. etc. also unless your a lawyer, and unless you know better, how have you proven that using you...
by mptfan
Fri Nov 30, 2018 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 46
Views: 7943

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

I am not a lawyer, but based on a few interactions with attorneys on corporate liability cases, I think the attorneys representing a customer who was not reimbursed for fraud would have a field day in court when questioning the representative from the financial institution. As you said, you are not...
by mptfan
Fri Nov 30, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card - manage two accounts with one login?
Replies: 10
Views: 604

Re: Chase credit card - manage two accounts with one login?

I imagine something like Mint might work similarly so you don't have to login to both accounts to see activity every time. That's a good idea, but then I would have to create another login and password for Mint. :oops: I understand the benefit of Mint...you only log in once and you see multiple acc...
by mptfan
Fri Nov 30, 2018 11:18 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 91
Views: 4805

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

When did you contact them or initially attempt to contact them? According to their notice, it says... For those of you that purchased a device as a part of our Black Friday promotion (on fi.google.com: November 23rd - November 27th; or on store.google.com: November 22rd - November 27th) and attempte...
by mptfan
Fri Nov 30, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card - manage two accounts with one login?
Replies: 10
Views: 604

Re: Chase credit card - manage two accounts with one login?

No. They are not going to let you access someone else's credit card account with your login. Vanguard has that feature because people sometimes have a financial advisor, children or whatever manage their investments. Thanks for your response, I appreciate it, and I suspected that was the case. I un...
by mptfan
Fri Nov 30, 2018 10:53 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 91
Views: 4805

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

Yes. If she bought during the Black Friday/Cyber Monday sales period via Google Fi, she can get either $499 (if she bought a 3 XL 64 Gb) or $599 (if she bought a 3 XL 128 Gb) in additional Google Fi service credits. Thank you very much, that is wonderful news! Did you contact customer service by ch...
by mptfan
Fri Nov 30, 2018 10:40 pm
Forum: Personal Consumer Issues
Topic: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value
Replies: 91
Views: 4805

Re: 11/28 Today Only, buy a phone on Google FI and get travel gift card of same value

I was one of those who ordered a Pixel 3 a few days earlier during their Black Friday/Cyber Monday sell. I finally got through to Google Fi Customer Service (via chat) and they'll be crediting me with $399 worth of additional Google Fi service credit. In effect, I'll be getting a "free" (if ignorin...
by mptfan
Fri Nov 30, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card - manage two accounts with one login?
Replies: 10
Views: 604

Chase credit card - manage two accounts with one login?

I have the Amazon Prime Rewards Visa Signature card issued by Chase, and my significant other also has the same card. We each have an account on Chase.com to manage each card. Is it possible for me to be able to manage both accounts using only my login? I am aware that my SO can make me an authorize...
by mptfan
Fri Nov 30, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Online Account Access for Spouse
Replies: 23
Views: 1373

Re: Vanguard Online Account Access for Spouse

The article that you cited says nothing about it being against the law for a spouse to access a spouse's account. The article refers to the situation where one spouse becomes incapacitated and that having a power of attorney would be useful in that situtuation. I think it is irresponsible for you to...
by mptfan
Fri Nov 30, 2018 11:53 am
Forum: Investing - Help with Personal Investments
Topic: The first million?
Replies: 36
Views: 5495

Re: The first million?

Admiral wrote:
Fri Nov 30, 2018 9:56 am
What's so special about $1 million?
Because it is a nice round number that has so many zeroes.
:D
by mptfan
Fri Nov 30, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Where do the losses in HY show up? [High Yield bonds]
Replies: 63
Views: 4909

Re: Where do the losses in HY show up?

I think taking risk in bonds is a little silly. I just do it for a slight bit more diversification. If you are going to take risk, get the higher returns in equity. I have never understood this argument. Taking huge risks in equity is ok, but taking some risk with bonds is not? Where is that writte...
by mptfan
Fri Nov 30, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Where do the losses in HY show up? [High Yield bonds]
Replies: 63
Views: 4909

Re: Where do the losses in HY show up?

Regardless, the common wisdom is that the expected return would be higher by using a safer bond fund and increasing the equity allocation a bit, since the correlation between high-yield corporate and stocks is much higher than that between safer bond funds and stocks. I disagree that this is the "c...
by mptfan
Fri Nov 30, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Online Account Access for Spouse
Replies: 23
Views: 1373

Re: Vanguard Online Account Access for Spouse

she will need to get online access to that account under her own ID.. it is against the law for you to use her account. What law is that? maybe not the law, but i believe it is in the account access agreement that you "click through" with vanguard, that you won't provide your account information to...
by mptfan
Fri Nov 30, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Online Account Access for Spouse
Replies: 23
Views: 1373

Re: Vanguard Online Account Access for Spouse

Soon2BXProgrammer wrote:
Fri Nov 30, 2018 9:46 am
she will need to get online access to that account under her own ID.. it is against the law for you to use her account.
What law is that?
by mptfan
Fri Nov 30, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4443

Re: How do Bogleheads justify taking vacation?

AndroAsc wrote:
Thu Nov 29, 2018 10:43 pm
Can fellow Bogleheads and financially prudent people explain how do you justify taking vacation?
I don't feel the need to justify taking vacation. It's something I enjoy doing, and I can afford to do it while living within my means, so I do it.
by mptfan
Fri Nov 30, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4443

Re: How do Bogleheads justify taking vacation?

Soon2BXProgrammer wrote:
Thu Nov 29, 2018 10:50 pm
happy wife, happy life..
Happy husband, happy life.