Search found 4836 matches

by mptfan
Thu Jan 17, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 39
Views: 2485

Re: How long until we see negative ER funds?

willthrill81 wrote:
Thu Jan 17, 2019 3:45 pm
Plus, I believe that Vanguard's tracking error has typically been lower than that of some of the other brokerages.
The Fidelity ZERO total market fund tracks a different index than the Vanguard total market fund, so comparing tracking errors may not have much value.
by mptfan
Thu Jan 17, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 39
Views: 2485

Re: How long until we see negative ER funds?

MotoTrojan wrote:
Thu Jan 17, 2019 12:44 pm
Where is the fiscal benefit of them using their own index? Licensing costs to the index themselves?
Yes.
by mptfan
Thu Jan 17, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 39
Views: 2485

Re: How long until we see negative ER funds?

pdavi21 wrote:
Thu Jan 17, 2019 11:40 am
Fidelity is losing money like a loss leader on their Zero Funds.
What is your source for this?
by mptfan
Thu Jan 17, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: IRS to lower 2018 safe harbor withholding threshold to 85% [2018 only]
Replies: 22
Views: 2397

IRS lowers threshold for avoiding withholding penalty

[Thread merged into here, see below. --admin LadyGeek] IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018 IR-2019-03, January 16, 2019 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpaye...
by mptfan
Wed Jan 16, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 828
Views: 41236

Re: John Bogle is dead at 89

A great man has passed. We all owe Mr. Bogle a debt of gratitude for everything he did for the average investor. RIP Mr. Bogle.
by mptfan
Wed Jan 16, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 5640

Re: Gillette Mach 3 alternatives

queso wrote:
Wed Jan 16, 2019 3:23 pm
If you are truly thin skinned I'd take a look at the Emo line from SJW Industries. They are expensive, but guaranteed not to cause you any pain or discomfort. Bonus - you get a trophy with every order.
Their products seem to be very popular with young people.
by mptfan
Wed Jan 16, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

My point is that in the absence of a situation where obtaining a mortgage at closing simply isn't practical, a seller who has accepted a "cash offer" and even one who has even reviewed the buyer's proof of funds actually does not know until much, much later whether the buyer really is sending a wir...
by mptfan
Wed Jan 16, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

What you are missing is that 30-45 days is plenty of time for the buyer to back out of the contract if they get cold feet or find a better house. They'll give up some of the earnest money, but the relative burden still falls on the seller in this case, who may have passed on other offers for this o...
by mptfan
Wed Jan 16, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

The point of my question is this...it is contradictory to say that cash offers sometimes provide a competitive advantage while saying that sellers don't care where the money is coming from.
by mptfan
Wed Jan 16, 2019 11:40 am
Forum: Personal Consumer Issues
Topic: End of an era - Boeing 727
Replies: 35
Views: 2395

Re: End of an era - Boeing 727

Kenkat wrote:
Tue Jan 15, 2019 9:08 pm
747’s are still used for Cargo - those come over the house occasionally, usually with either DHL, Atlas, Polar or Amazon Prime markings. Quite the impressive beasts.
747's are also still flown by Virgin Atlantic.

Amazon flies their own planes now? 747s? Wow.
by mptfan
Wed Jan 16, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

In the market I work in 90% of houses are vacant and professionally staged to get top dollar. In these cases the seller is on the hook every day that the house is on the market for property taxes, their own mortgage, maybe HOA fees; all that can add up to thousands of dollars per month. So yes, a c...
by mptfan
Wed Jan 16, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

UALflyer wrote:
Wed Jan 16, 2019 10:53 am
I do see inexperienced homebuyers and novice investors making the same mistake that you're making by thinking that paying cash for a house would automatically get them a huge discount.
Wow, now you are putting words in my mouth. I did not say that and I do not think that.
by mptfan
Wed Jan 16, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

UALflyer wrote:
Wed Jan 16, 2019 10:53 am
The seller does not care, as money is fungible.
You keep saying this as if you can speak for all sellers. Obviously you can't. Also there have been several sellers who posted in this thread who said that they do care, so obviously your blanket statement is not correct.
by mptfan
Wed Jan 16, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

I am a realtor and I would never pass a “cash offer” onto my seller client that did not have proof of funds for the entire purchase price sitting in a bank account somewhere. That's not always done, but regardless, as I mentioned above, would be a non-issue in situations that we're discussing where...
by mptfan
Wed Jan 16, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

Hedfefundie, do you agree that if a buyer made a cash offer by indicating their intention to pay with cash in the offer and providing proof of funds to the seller, but they did not intend to pay with cash and did not pay with cash, that would be a breach of the terms of the offer?
by mptfan
Wed Jan 16, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

If you read the actual replies, you'll see that people are using the term "cash offer" as a shorthand way of describing the type of buyer who will be able to close on the transaction no matter what. I've already explained that the term "cash offer" doesn't mean what you think that it means, but you...
by mptfan
Wed Jan 16, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

As I explained above, there are some relatively unusual situations where a true cash offer is needed, but in the vast majority of regular residential real estate transactions a buyer who has the cash to complete the transaction but ends up taking out a mortgage at closing (or a buyer of the type th...
by mptfan
Wed Jan 16, 2019 3:59 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4299

Re: Amazon Rewards Visa -- predatory lending?

This got me a few years ago. I made a transaction that I did not know was considered a cash advance (via money transfer service.) I didn't find out until the next statement. Luckily, I only had about $100 on the card so the damage was limited. If for some reason you ever have to take a cash advance...
by mptfan
Wed Jan 16, 2019 3:41 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

The reason that people are arguing with this is because they're just not used to seeing these situations. In general, a buyer who intends to use a mortgage doesn't have the liquidity to pay for a house outright, and most homebuyers just do not otherwise have what it takes to assure the seller that ...
by mptfan
Tue Jan 15, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

I don't have to know the reason if I have known it to be true based on my experience. If something is true, it's true, and the reason is secondary. I can speculate as to the reasons if you would like...I think most sellers like it when a buyer can pay cash and not have to rely on getting approved fo...
by mptfan
Tue Jan 15, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

I did read the entire post and I saw your explanation and I do not agree. Would you care to elaborate on the particulars of your disagreement? Sure. You said that sellers don't care whether the money is coming from cash or from a mortgage company and I do not think that is true. It may be true for ...
by mptfan
Tue Jan 15, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

A seller couldn't care less whether the money is coming from a cash buyer or from a mortgage company. Generally speaking, this is just not true, most sellers do give preference to cash buyers. Indeed, this is completely wrong (at least in California). If you had read the entire post, you would've s...
by mptfan
Tue Jan 15, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

UALflyer wrote:
Tue Jan 15, 2019 6:18 pm
A seller couldn't care less whether the money is coming from a cash buyer or from a mortgage company.
Generally speaking this is just not true, most sellers do give preference to cash buyers.
by mptfan
Tue Jan 15, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Screwed myself on salary negotiations, how do I get past this?
Replies: 25
Views: 2564

Re: Screwed myself on salary negotiations, how do I get past this?

If you are willing to walk away from it - you could just tell them you got a counter-offer from another company (numbers came in late or something) and ask them to match it. I suppose you could do this anyway - worse they can say is no. I think that would be bad form, the OP already agreed to accep...
by mptfan
Tue Jan 15, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4299

Re: Amazon Rewards Visa -- predatory lending?

I'd like to thank everyone who responded. I can't believe I had such a fundamental misunderstanding of how credit cards work. I've just never experienced this because I never carry over a balance. Also, before about 18 months ago my only credit card was a German one that works quite differently fro...
by mptfan
Tue Jan 15, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5185

Re: Took on too much mortgage, seeking advice on where to put money going forward

condobaker431 wrote:
Sun Jan 13, 2019 12:34 pm
Life goals next 5 years
- Marry in 2-3 years
- Child in 3-4 years
Do you have anyone in mind?
by mptfan
Mon Jan 14, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4299

Re: Amazon Rewards Visa -- predatory lending?

As others have noted, every card works this way, if you carry a balance then you pay interest on the entire balance and each purchase from the date of the purchase.
by mptfan
Sun Jan 13, 2019 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Zero Funds
Replies: 33
Views: 1926

Re: Fidelity Zero Funds

I think Fidelity's decision to create their own index is brilliant and quite frankly I'm surprised that Vanguard did not think of doing that before. Vanguard has done something similar by using indices created by the Center for Research in Security Prices (CRSP) as opposed to indices created by Stan...
by mptfan
Sun Jan 13, 2019 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Zero Funds
Replies: 33
Views: 1926

Re: Fidelity Zero Funds

I'm just commenting on OldSport's thread about the fact that Fidelity made its own index. Yes, Fidelity made its own index, just like Standard and Poor's and Russell and MSCI and CRSP. The Vanguard Total Stock Market fund tracks the CRSP total market index, have you ever heard of CRSP? Do you know ...
by mptfan
Sun Jan 13, 2019 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Zero Funds
Replies: 33
Views: 1926

Re: Fidelity Zero Funds

I read that the zero funds are not actual true index funds, like S&P, MSCI, CRSP, Russell, etc. but are generic Fidelity constructed "index" funds from a smaller amount of stocks from a true index. I did not know that. That is helpful to know. There is no such thing as a “true index”. What does tha...
by mptfan
Fri Jan 11, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 187
Views: 19498

Re: Fidelity as a one stop shop

This line in the "terms and conditions" for "Fidelity Rewards Visa Signature Card" stopped me from proceeding with it - 6. Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardmember must notify Elan Financial Services promptly of any unauthorized use. Certain co...
by mptfan
Fri Jan 11, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8568

Re: Getting a Mortgage when You can Pay Cash for a House

I disagree, 4% fixed rate & tax deductible (depends on other factors) is still Ok. We don't know the OP's tax situation, but the mortgage interest is unlikely to be tax deductible given that the standard deduction is now so high....now $24,400 for married filing jointly in 2019. Also consider that ...
by mptfan
Thu Jan 10, 2019 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Why not use Fidelity High Income Fund SPHIX?
Replies: 18
Views: 2289

Re: Why not use Fidelity High Income Fund SPHIX?

I think of my investment assets as falling into two buckets - risk and riskless/safe. To me, bonds are for safety. I prefer my risks to be taken on the equity side. Maybe I'm stupid, but that's my view. I don't think you are stupid, and you are entitled to your opinion, and you are entitled to thin...
by mptfan
Thu Jan 10, 2019 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Why not use Fidelity High Income Fund SPHIX?
Replies: 18
Views: 2289

Re: Why not use Fidelity High Income Fund SPHIX?

Bonds are supposed to be safe assets. Says whom? I hear people say this all the time as if it is a well settled fact that is not subject to debate or disagreement, but where does this notion come from and why is it so often stated as a settled fact? Needless to say I don't agree that there is a uni...
by mptfan
Wed Jan 09, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 2808

Re: Too many credit cards?

I agree with your thoughts, three cards is too much to keep track of and it's not worth the extra few dollars of rewards. I have two credit cards and that's just the right balance for me between simplicity and hassle.
by mptfan
Mon Jan 07, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 798
Views: 81598

Re: Fidelity ZERO funds?

1) I'm very loyal to Vanguard, so it kind of feels wierd. I understand how you feel because I feel the same way. I've been with Vanguard since the 1990's when I started investing, and, more importantly, I know that if it were not for John Bogle and Vanguard, that neither Fidelity or Schwab or anyon...
by mptfan
Mon Jan 07, 2019 4:54 pm
Forum: Personal Consumer Issues
Topic: TV antennas...
Replies: 35
Views: 2629

Re: TV antennas...

This question has been asked and answered a few times on the Forum. Install HD antenna in your attic run a Cable down to your coax cable splitter probably located in your basement. Attach HD antenna signal to the input of the splitter and then every other cable connected to it will receive the ante...
by mptfan
Sun Jan 06, 2019 10:12 pm
Forum: Personal Consumer Issues
Topic: Vanguard Statements - Print or Electronic
Replies: 47
Views: 2688

Re: Vanguard Statements - Print or Electronic

GoPackGo wrote:
Sun Jan 06, 2019 7:37 pm
For those that backup financial statements to the cloud, what service do you use, Dropbox, Google Drive, something else?
I use Google Drive. Rather than use it as a backup, it's more accurate to say that it is my primary storage...I sometimes download backup copies to my Chromebox.
by mptfan
Sun Jan 06, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Autistic sister being targeted by Nigerian scammers
Replies: 84
Views: 6606

Re: Autistic sister being targeted by Nigerian scammers

nytechie wrote:
Sun Jan 06, 2019 10:24 am
3. Get in touch with the scammer and offer to pay them a large sum of money if they leave her alone and tell her the truth about them.
This will not work, it will only embolden the scammer.
by mptfan
Sat Jan 05, 2019 10:34 pm
Forum: Personal Consumer Issues
Topic: Vanguard Statements - Print or Electronic
Replies: 47
Views: 2688

Re: Vanguard Statements - Print or Electronic

Invest4lt wrote:
Sat Jan 05, 2019 8:35 pm
No paper here. I download the statements and backup to the cloud. I don’t see any reason to print.
Same here.
by mptfan
Thu Jan 03, 2019 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Market closes almost 700 points lower
Replies: 18
Views: 1674

Re: Market closes almost 700 points

delamer wrote:
Thu Jan 03, 2019 4:25 pm
The market wasn’t down 700 points. That’s the Dow, which is only 30 stocks.

I wish the media would put more emphasis on the S&P500.
I agree, but the market is not 500 stocks either.
by mptfan
Thu Jan 03, 2019 11:07 am
Forum: Personal Consumer Issues
Topic: Porting from a family plan to Google Fi
Replies: 29
Views: 1671

Re: Porting from a family plan to Google Fi

28fe6 wrote:
Thu Jan 03, 2019 10:53 am
I switched from Verizon with two Moto X4 phones purchased through Google. The billing system is the best, the simple international roaming is great, the free data SIMs are great. So it's all great except the actual service is terrible.
Where are you?
by mptfan
Thu Jan 03, 2019 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Autistic sister being targeted by Nigerian scammers
Replies: 84
Views: 6606

Re: Autistic sister being targeted by Nigerian scammers

What organized crime has the sister committed?
by mptfan
Thu Jan 03, 2019 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Autistic sister being targeted by Nigerian scammers
Replies: 84
Views: 6606

Re: Autistic sister being targeted by Nigerian scammers

You might be able to speak with a banker at the bank and tell them you are concerned your sister is being scammed etc. That you realize they can not give you any confidential information about your sister, but you are willing to give them her name and are hoping they will contact her and talk to he...
by mptfan
Wed Jan 02, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Autistic sister being targeted by Nigerian scammers
Replies: 84
Views: 6606

Re: Autistic sister being targeted by Nigerian scammers

That's why I suggest trying to blacklist international money transfer mechanisms instead of contact modes. You cannot blacklist the scammers because they'll constantly create new accounts, but it might be possible to blacklist your sister because she is using her real name and identity. I don't thi...
by mptfan
Wed Jan 02, 2019 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Taxable Account
Replies: 8
Views: 1361

Re: Investing in Taxable Account

Ppdyssy9153 wrote:
Wed Jan 02, 2019 9:37 pm
I’ll have to contact Schwab since my online account doesn’t give me the option for specific id. It’s too bad that choosing specific id seems to be so troublesome.
Indeed it is. My experience with Schwab has been great and I have had no complaints until I was confronted with this issue.
by mptfan
Wed Jan 02, 2019 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Why is pure TLH legal, given the step transaction doctrine?
Replies: 11
Views: 1146

Re: Why is pure TLH legal, given the step transaction doctrine?

I know that tax losses are allowed if the sale is motivated by other factors, such as rebalancing, changing holdings, changing investment managers, etc I don't think what you claim to know is correct because whether given transaction constitutes a tax loss does not depend on the "motivating factors...
by mptfan
Wed Jan 02, 2019 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Drop Stocks Altogether: Age Dependent Decision?
Replies: 23
Views: 1582

Re: Drop Stocks Altogether: Age Dependent Decision?

You haven't given us enough information to provide a response tailored to your situation, but here are my general thoughts. You don't need stocks. Nobody needs stocks. It would be optimal for you to have at least 20% of your portfolio in a well diversified stock fund, but you don't have to, you woul...
by mptfan
Wed Jan 02, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Will question re: Fidelity acct beneficiaries
Replies: 17
Views: 1235

Re: Will question re: Fidelity acct beneficiaries

OK thank you...joint acct not warranted in my case for tax purposes...might make sense for smaller fund for expenses. There is a great deal of misinformation out there about gift taxes. Most people seem to think that if you give more than the annual exclusion amount (currently $15,000) to any one p...