Search found 1032 matches

by zeugmite
Wed Sep 19, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1206
Views: 207640

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Today I found out Merrill Edge has a $25k limit on daily withdrawal of settled cash when performed online (okay... have to call), and also a $50k daily limit on transferred in cash being made available (what?). Caveat emptor. Are other brokers equally ridiculous in setting limits? I know I've never...
by zeugmite
Wed Sep 19, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1206
Views: 207640

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Today I found out Merrill Edge has a $25k limit on daily withdrawal of settled cash when performed online (okay... have to call), and also a $50k daily limit on transferred in cash being made available (what?). Caveat emptor. Are other brokers equally ridiculous in setting limits? I know I've never ...
by zeugmite
Wed Sep 19, 2018 12:05 am
Forum: Investing - Theory, News & General
Topic: Are TIPS yields good yet?
Replies: 15
Views: 1438

Are TIPS yields good yet?

5 year at 0.93%, up from 0.79% just two weeks ago. Curve very flat (30 year at 1.05%), is 5 year TIPS considered a good buy now by experts here? Also what does that imply about I-bond fixed rate in November?
by zeugmite
Wed Sep 05, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 126
Views: 13395

Re: Fidelity Full View transition to eMoney

Just happened today for me. Seems like manually entered amounts (other assets and debts) are all gone, too? Or are they hiding somewhere. Though I never took this feature seriously, I too am disappointed that there was not an opportunity to save the history or a screenshot of prior manual settings....
by zeugmite
Wed Sep 05, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 126
Views: 13395

Re: Fidelity Full View transition to eMoney

Welcome! I don't have Fidelity, but be careful here. You are moving your life's savings over a disagreement on how they manage their website. Search this forum and you'll find plenty of complaints about Vanguard's website, not to mention poor customer service. You'll find members moving to Fidelity...
by zeugmite
Wed Sep 05, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 126
Views: 13395

Re: Fidelity Full View transition to eMoney

Just happened today for me. Seems like manually entered amounts (other assets and debts) are all gone, too? Or are they hiding somewhere. Though I never took this feature seriously, I too am disappointed that there was not an opportunity to save the history or a screenshot of prior manual settings.
by zeugmite
Sat Aug 18, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1206
Views: 207640

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

So i recently did the reverse (Vanguard MFs from ME to VG), and the fractional MF shares were sold at Merill. Very small amounts, but I'm not sure who was responsible for the sale -- i.e. did VG refuse to accept fractionals so ME sold them, or is it the case that ME is unable to send fractionals. I...
by zeugmite
Fri Aug 17, 2018 8:39 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1206
Views: 207640

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Finally received ME bonuses from last December's offer, just want to report that I had to contact their customer support to get them to pay the full amount because, as I suspected then, the broker assigned to the account is a total liar and probably maliciously handled the account to assign a commis...
by zeugmite
Mon Aug 13, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17792

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Just want to hop in and say this is one of the best tools I've seen on this topic. Most people, even if they're eligible for a restricted application, have no idea about it -- even though we've been discussing the concept here for the last several years. Most people don't know that it's more advanta...
by zeugmite
Mon Aug 13, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 33
Views: 3581

Re: Applying for Social Security Online

UPDATE: Checked and DW completed the online application for SS on 6/11/2018. She checked on the status of her application today. Found it was approved yesterday and the first direct deposit was made today (has not shown up in our [joint] account yet). So about a 2 week turnaround...pretty good for ...
by zeugmite
Mon Aug 13, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 33
Views: 3581

Re: Applying for Social Security Online

Those who have gone through the process, what's the earliest date you can choose to begin receiving payments if you apply at a given time (assuming eligibility checks out), i.e. what's the minimum processing time?
by zeugmite
Sat Aug 04, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Why won't Fidelity allow FDRXX as "core account" i
Replies: 18
Views: 14604

Re: Why won't Fidelity allow FDRXX as "core account" i

It looks like there was never any answer to this. There have also been some changes after the MM fund regulations were put in place last year or the year before, so core funds are all government securities now, no munis, no commercial paper. The choices I have are as follows: - On taxable accounts I...
by zeugmite
Wed Aug 01, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 70092

Re: New Fidelity Fund 0.00 ER

Wow yeah, even the MM fund that I bought for brokerage checking no longer has a minimum, making one fewer thing to worry about for such banking use. Which MM is that? I see that their highest-yielding "Prime" ones still have $100,000 and $1,000,000 minimums.... The ones that were $2500 to buy, $150...
by zeugmite
Wed Aug 01, 2018 8:16 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 70092

Re: New Fidelity Fund 0.00 ER

As a Fidelity customer I just checked and it appears they are no longer having a minimum for any of there mutual funds including this and they have dramatically slashed all there fees. Example total international(FTIGX) went from .17 yesterday to .06 today. Wow yeah, even the MM fund that I bought ...
by zeugmite
Wed Jul 25, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 46
Views: 13604

Re: Review after one month with Fidelity Cash Management

Furthermore, there is the Cash Management feature of pulling in from an external bank account once the account falls below some amount. When that happens, does it behave like any other ACH pull deposit, i.e. it will sit there unavailable for days?
by zeugmite
Wed Jul 25, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Review after one month with Fidelity Cash Management
Replies: 46
Views: 13604

Re: Review after one month with Fidelity Cash Management

Fidelity Cons - Slow to clear (cash available) deposited checks / pulled or incoming transfers, sweep sometimes slow (except direct deposit) - Have to mail or drop off checks larger than 50K , however, was treated very nicely at fidelity branches which are nearby - Mobile app is not bad, on-line so...
by zeugmite
Tue Jul 24, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 44
Views: 5307

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

Not sure what you did but I just initiated the link between Ally and Fidelity CMA and it took "Checking" ... Also I was able to link it up with Schwab without any troubles (trial deposits showed up the next day). Let's see if Ally's trial deposits go through... You are pasting in account number as ...
by zeugmite
Tue Jul 24, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 44
Views: 5307

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

I had the impression that a Fidelity CMA uses an FDIC-insured bank account for the core account. A few days ago I tried adding the Fidelity CMA account at Ally as an external ACH account. First it wouldn't take it as "Checking", then I selected "Money Market Checking" and it took it, recognized the...
by zeugmite
Sat Jul 21, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 44
Views: 5307

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

For those with Fidelity CMA, does it work for direct credit card payments, i.e., is there a routing number and account number to withdraw from (not to deposit into, I know that exists, and also not BillPay)?
by zeugmite
Sat Jul 21, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 44
Views: 5307

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

I have a Schwab checking account and I love it. Note that the Schwab checking account is a real checking account issued by Schwab Bank, whereas the Fidelity CMA is not a checking account, it is a brokerage cash management account. How does overdraft work with Schwab? For example, can I keep most of...
by zeugmite
Sat Jul 21, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 44
Views: 5307

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

These were ATM withdrawals. I read the flyertalk thread and there seemed to be conflicting information received from different Fidelity reps on the subject of the 1% fee. I have some data from 2014 for the rates I received exchanging $ to euros. I remember looking up interbank rates at the time and...
by zeugmite
Fri Jul 13, 2018 3:47 pm
Forum: Investing - Theory, News & General
Topic: International Stock and Currency Issues
Replies: 41
Views: 2971

Re: International Stock and Currency Issues

Currency risk is bounded by Purchasing Power Parity (PPP) and thus mean reverting. Due to the mean reverting tendencies of Purchasing Power Parity, Dimson, Marsh and Staunton have pointed out that, over the long haul, currencies essentially reflect relative inflation rates (chart below). For long-t...
by zeugmite
Mon Jul 02, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Treasury Direct website down all day (7/1)
Replies: 23
Views: 1937

Re: Treasury Direct website down all day (7/1)

Stuff goes down, bank websites go down too. Can't imagine a situation (especially for heirs) where paper is more convenient (or for that matter, more liquid) than electronic in transactions. Heck, most physical banks don't even open on weekends.
by zeugmite
Mon Jul 02, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 238
Views: 22488

Re: 1800 Commission-Free ETFs

I wonder how this gets paid for. Fund supermarket access fees by providers? Payment for order flow? Internalization, i.e. market-making (most likely)?
by zeugmite
Thu Jun 28, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Using Plastiq? [Payment service]
Replies: 34
Views: 7626

Re: Using Plastiq?

3 payment attempts through Plastiq with the so-called fee dollars have been a miserable failure. The first attempt was charged and automatically cancelled 2 days later - only the statement closed in between those dates. The second time, Plastiq claims to have mailed a check on 7/14. By 8/1, after t...
by zeugmite
Thu Jun 14, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Why market drop when Fed announced rate increase?
Replies: 19
Views: 2633

Re: Why market drop when Fed announced rate increase?

I would like to know what factors it will take for 10-year treasury yield to get over 3% and actually stay there. Everyone seemed to predict the last time the FFR was raised that might do it, but it wasn't enough. Long-term rates are influenced by growth prospects and inflation expectation. Raising...
by zeugmite
Wed Jun 13, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why market drop when Fed announced rate increase?
Replies: 19
Views: 2633

Re: Why market drop when Fed announced rate increase?

Futures markets were pricing in between 3 to 4 interest rate hikes this year. The Fed now project 4 this year (more than markets anticipated) and generally moving up the timetable of hikes. Prices are adjusting to this news.
by zeugmite
Tue May 29, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: What happens when car accident claim exceeds insurance limits?
Replies: 89
Views: 78950

Re: What happens when car accident claim exceeds insurance limits?

Generally, is there any reason to get liability coverage beyond your assets less exemptions? I guess you have to factor in the cost of bankruptcy and moral obligations, etc., but financially is that the rational extent to which one should be insured? (Saw some earlier posts mentioning being insured...
by zeugmite
Tue May 29, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: What happens when car accident claim exceeds insurance limits?
Replies: 89
Views: 78950

Re: What happens when car accident claim exceeds insurance limits?

If you're responsible the other party could to go after you for the rest. That's why we have umbrella policies. Can they accept the settlement from the insurance company (up to policy limits) and then hold you personally liable for the rest? Or do they have to take one or the other? They have to ta...
by zeugmite
Tue May 29, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: What happens when car accident claim exceeds insurance limits?
Replies: 89
Views: 78950

Re: What happens when car accident claim exceeds insurance limits?

Generally, is there any reason to get liability coverage beyond your assets less exemptions? I guess you have to factor in the cost of bankruptcy and moral obligations, etc., but financially is that the rational extent to which one should be insured? (Saw some earlier posts mentioning being insured ...
by zeugmite
Tue May 29, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: What happens when car accident claim exceeds insurance limits?
Replies: 89
Views: 78950

Re: What happens when car accident claim exceeds insurance limits?

Consider this: 13 years ago, I was an at fault driver for a car accident. Put the other driver in the ICU for 5 days, plus unknown additional days after that. He had previously had a heart transplant and his heart started to act up again. Vision issues due to shattered glass. He was a stock broker ...
by zeugmite
Tue May 29, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: China and EM [Emerging Market]
Replies: 30
Views: 3630

Re: China and EM

I'm not understanding how, even with a transition index, the front-running can be avoided. The end target is the same, so the stocks being picked up are known. It might avoid some short-term front-runners, but let's say the transition is over six months, then you'd still get front-run by investors w...
by zeugmite
Mon Mar 05, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: Is Now the Time to Reduce Bond Duration?
Replies: 41
Views: 4757

Re: Is Now the Time to Reduce Bond Duration?

Templeton was trying to predict the peak in interest rates in 1993. He was wrong. For the ensuing five years five year treasuries provided annualized nominal total returns of 6.3% (3.9% real). After looking at the landscape over the prior five years I observed that the 1982-? bond bull market looke...
by zeugmite
Thu Feb 15, 2018 12:50 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 26974

Re: Muni Money Market funds starting to look good!

ohai wrote:
Wed Dec 27, 2017 2:37 pm
Also, if you believe in market risk premium, whatever your alternative investment was when rates were lower should have similar excess return to what they had when interest rates were lower.
Risk premium isn't static. It is in the processing of increasing but it's very low still.
by zeugmite
Tue Feb 13, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: In plain English, please explain what was VIX, what happened to it and why?
Replies: 68
Views: 6667

Re: In plain English, please explain what was VIX, what happened to it and why?

livesoft wrote:
Tue Feb 13, 2018 7:19 pm
Is volility different from volatility? That's where I am confused.
lol, I think he meant volatility.
by zeugmite
Mon Feb 12, 2018 9:55 pm
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 7545

Re: I think US interest rates could drop.

I think the question to ask is, is 0.5% real a good yield? Maybe, maybe not. Real GDP growth is higher than that right now even by lowball estimates, but maybe retirees decide to withhold consumption and demand collapses, or maybe automation will drive productivity through the roof. And 2.8% nominal...
by zeugmite
Fri Feb 09, 2018 1:21 am
Forum: Investing - Theory, News & General
Topic: Why Weak Dollar, after likely four future interest rate hike?
Replies: 8
Views: 1234

Re: Why Weak Dollar, after likely four future interest rate hike?

We can't look forward but we can look back. When the US lifted off with Fed funds rates was when the USD stopped appreciating. It stayed constant for a while, then soon after the election, began its current downward move. What could that mean? It seems the first part is classic economics, rising US ...
by zeugmite
Thu Feb 08, 2018 10:45 pm
Forum: Investing - Theory, News & General
Topic: Volatility as a cause of volatility?
Replies: 18
Views: 1422

Re: Volatility as a cause of volatility?

I doubt serious institutionals are using sort-of-hedged retail products like XIV (I mean maybe they are...), but I would expect more like advisors or boutique funds to be using it instead of putting on their own hedges or working bespoke contracts with banks and insurance counterparties. As for vola...
by zeugmite
Thu Feb 08, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: S&P 1550
Replies: 11
Views: 1707

Re: S&P 1550

It would take a pretty big bear mauling. However, if you go back and look at the parabolic rise from 5 years ago it seems almost probable. 1800 would be a tough nut to crack through. Perhaps years and years of slow market declines? Me thinks 2800 was the top, perhaps a retest on a meltup. I don't k...
by zeugmite
Wed Feb 07, 2018 11:05 pm
Forum: Investing - Theory, News & General
Topic: The yield curve inverted (a tiny bit) on 1/30
Replies: 2
Views: 626

The yield curve inverted (a tiny bit) on 1/30

In all the noise, did anyone notice that on 1/30, the 1 mo-3 mo spread on Treasury bills turned slightly negative?

Date 1/30/18
1 Mo 1.49
3 Mo 1.44
6 Mo 1.66
1 Yr 1.88
2 Yr 2.13
3 Yr 2.27
5 Yr 2.51
7 Yr 2.65
10 Yr 2.73
20 Yr 2.86
30 Yr 2.98
by zeugmite
Wed Feb 07, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Why Weak Dollar, after likely four future interest rate hike?
Replies: 8
Views: 1234

Re: Why Weak Dollar, after likely four future interest rate hike?

Perhaps the market doesn't believe these rates (even with 3-4 hikes) are attractive enough given the fiscal situation. At some even higher rates the buyers will come.

Having said that, hasn't the dollar been gaining on EUR the last few days?
by zeugmite
Wed Feb 07, 2018 2:28 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5941

Re: Why should we care about inflation?

With most of my net worth in stocks, I don't worry about inflation at all. This isn't entirely true either. Inflation may induce policy mistakes (over tightening or loss of control) and credit deterioration for holders of fixed-rate assets and floating-rate liabilities (e.g. banks) and end up costi...
by zeugmite
Wed Feb 07, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5941

Re: Why should we care about inflation?

It's not inflation you should care about, it's how things are priced relative to future inflation that is the problem. Things are not priced for any inflation. 1. The value of your house goes down, less home equity (see VNQ recently), at least in the short term. 2. You may not carry debt, but you ow...
by zeugmite
Wed Feb 07, 2018 2:46 am
Forum: Investing - Theory, News & General
Topic: Return of stock market is better overnight than during the day - NYTimes article
Replies: 19
Views: 2875

Re: Return of stock market is better overnight than during the day - NYTimes article

TDA already touts 24/5 trading and for things like SPY, the spread is small even in the middle of the night. Not sure who the market maker is.
by zeugmite
Wed Feb 07, 2018 1:40 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5745

Re: Inverse VIX ETN down 80% after hours

Sorry for asking a dumb question, but will do so anyway...I kind of get it that those who purchased the Inverse VIX made money as long as the stock market was non-volatile. My question is - who was on the losing side of that trade the last year or so when in fact the market was pretty placid? Did w...
by zeugmite
Wed Feb 07, 2018 12:11 am
Forum: Investing - Theory, News & General
Topic: Return of stock market is better overnight than during the day - NYTimes article
Replies: 19
Views: 2875

Re: Return of stock market is better overnight than during the day - NYTimes article

The return during the day was a loss (-4.4%), so more than 100% of the gains happened when the market was closed. How much more pronounced could it be? By comparison the NYSE trades about 18% of the time so if it was purely a matter of time you'd expect 18% of the gains during the day. Ah sorry, di...
by zeugmite
Tue Feb 06, 2018 11:45 pm
Forum: Investing - Theory, News & General
Topic: Return of stock market is better overnight than during the day - NYTimes article
Replies: 19
Views: 2875

Re: Return of stock market is better overnight than during the day - NYTimes article

News happens every hour globally. There are more hours outside market hours. I'd actually expect the difference to be more pronounced if markets were efficient. (I guess there are longitudes on the globe where nobody lives so they have no news happening during their "day" there, so you have to accou...
by zeugmite
Tue Feb 06, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5745

Re: Inverse VIX ETN down 80% after hours

You would need a lot of money and the ability to day trade to really profit from these derivative/inverse derivative-based products. Super high expense ratios, all based on the good faith of the issuing company (aka they can one day say whoops, we lost everything.) Not worth it for average/intermed...
by zeugmite
Tue Feb 06, 2018 11:10 pm
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5745

Re: Inverse VIX ETN down 80% after hours

You would need a lot of money and the ability to day trade to really profit from these derivative/inverse derivative-based products. Super high expense ratios, all based on the good faith of the issuing company (aka they can one day say whoops, we lost everything.) Not worth it for average/intermed...