Search found 182 matches

by likashing
Wed Sep 23, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 162342

Re: Bank of America/Merrill Edge - Preferred Rewards

How many cash rewards cards (or other bonus eligible reward cards) do you have with BoA? Can you keep applying for and have multiple cash reward cards so you have much more than the $2500 quarterly limit?
by likashing
Mon Sep 21, 2020 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 688
Views: 162342

Re: Bank of America/Merrill Edge - Preferred Rewards

I qualify for Platinum through my IRA at ME. I have a 5.25% cashback cards and my spouse has another cashback card, but my spouse does not qualify for Platinum. If we change my spouse's credit card to be a "joint" card, will it become another 5.25% cashback card? It is probably more straig...
by likashing
Mon Aug 31, 2020 3:42 pm
Forum: Personal Investments
Topic: SEC 30 day yield vs Distribution yield
Replies: 44
Views: 2348

Re: SEC 30 day yield vs Distribution yield

Yes, thanks Kevin. I wish I understood this as well as you do. I can follow some of your post but honestly it is confusing. I need to reread it a few times to see if I can fully understand. Bottom line is I want to put some money in both a taxable and IRA account that pays a better yield than what ...
by likashing
Wed Aug 19, 2020 2:39 pm
Forum: Personal Investments
Topic: age 44 what should be my asset allocation
Replies: 22
Views: 2185

Re: age 44 what should be my asset allocation

Whether you have a need to take risk is important too. At 44 some will have saved $1-$2m, while some will have saved less. Some might have extra $ due to inheritance, owning/selling a business, or winning the startup jackpot. Your "need to take risk" determines your asset allocation, not y...
by likashing
Thu Aug 13, 2020 6:06 pm
Forum: Personal Investments
Topic: Is there any Canadian Bond ETF available to USA investors?
Replies: 6
Views: 471

Re: Is there any Canadian Bond ETF available to USA investors?

Can I ask... why? That's an extremely niche asset class. I am a Canadian working in the USA. Just thinking whether it is possible to diversify my bond allocation to Canadian bonds a little bit. If you buy a Canadian ETF, I think you will trigger PFIC problems? I don't know if there is a US-listed E...
by likashing
Thu Aug 13, 2020 1:56 am
Forum: Personal Investments
Topic: Is there any Canadian Bond ETF available to USA investors?
Replies: 6
Views: 471

Re: Is there any Canadian Bond ETF available to USA investors?

HawkeyePierce wrote: Wed Aug 12, 2020 5:29 pm Can I ask... why? That's an extremely niche asset class.
I am a Canadian working in the USA. Just thinking whether it is possible to diversify my bond allocation to Canadian bonds a little bit.
by likashing
Wed Aug 12, 2020 4:22 pm
Forum: Personal Investments
Topic: Is there any Canadian Bond ETF available to USA investors?
Replies: 6
Views: 471

Is there any Canadian Bond ETF available to USA investors?

Is it possible to buy Canadian government bond (fund or ETF) for US investors in the USA? I understand we can get exposure through international bond funds/ETFs, or we can go through some hoops and buy Canada-listed ETF or funds. Just wondering if there is an easier way.
by likashing
Thu Jul 23, 2020 12:14 pm
Forum: Personal Investments
Topic: MegaCorp Stable Value Funds Things to Check
Replies: 6
Views: 319

Re: MegaCorp Stable Value Funds Things to Check

You are right you should see the Stable Value fund as a Money market fund that pays the slightly higher interest rate. For SV funds, you can safely ignore the expense ratio. It's the yield that matters. It can have 5% expense ratio but if it reports a yield of 1%, you can bank on that 1% yield rate...
by likashing
Wed Jul 22, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: [Tesla added to S&P 500 index]
Replies: 237
Views: 22464

Re: What to do with significant index changes, e.g., S&P 500 adding Tesla

Nate79 wrote: Wed Jul 22, 2020 6:19 pm
likashing wrote: Wed Jul 22, 2020 6:12 pm I am pleasantly surprised that Tesla is already included TSM. Anyone knows when TSM started owning it?
The oldest annual report I could find was 2013 and they owned it then. They went public in 2010. I'm sure others can find more definitive data.
Thanks!
by likashing
Wed Jul 22, 2020 6:12 pm
Forum: Investing - Theory, News & General
Topic: [Tesla added to S&P 500 index]
Replies: 237
Views: 22464

Re: What to do with significant index changes, e.g., S&P 500 adding Tesla

I am pleasantly surprised that Tesla is already included TSM. Anyone knows when TSM started owning it?
by likashing
Wed Jul 22, 2020 2:41 pm
Forum: Personal Investments
Topic: TIPS vs Stable Value
Replies: 4
Views: 403

TIPS vs Stable Value

VAIPX's SEC yield is currently -0.72 (distribution yield is 1.76% TTM). Stable Value yield is at 2.00%. Why should I hold TIPS instead of Stable Value? I know that TIPS has no default risk, and it hedges/responses to un-expected inflation faster than Stable Value. What else? Is Stable Value a better...
by likashing
Fri Jul 17, 2020 3:54 pm
Forum: Personal Investments
Topic: Which 529 plan did you choose and why? [Help select a 529 plan]
Replies: 28
Views: 903

Re: Which 529 plan did you choose and why? [Help select a 529 plan]

We live in a state where there is no tax benefit by going with the local plan. We have 100% stock in the 529 because we want to generate as much tax-free capital gain possible (i.e. maximize the benefit of a 529). We look at our portfolios holistically and have enough bonds in the 401k/IRAs. Our pr...
by likashing
Fri Jul 17, 2020 2:45 pm
Forum: Personal Investments
Topic: Which 529 plan did you choose and why? [Help select a 529 plan]
Replies: 28
Views: 903

Re: Which 529 plan did you choose and why? [Help select a 529 plan]

We live in a state where there is no tax benefit by going with the local plan. We have 100% stock in the 529 because we want to generate as much tax-free capital gain possible (i.e. maximize the benefit of a 529). We look at our portfolios holistically and have enough bonds in the 401k/IRAs. Our pre...
by likashing
Wed Apr 29, 2020 2:34 pm
Forum: Investing - Theory, News & General
Topic: Which Bonds when the S&P 500 Tanks
Replies: 82
Views: 6425

Re: Which Bonds when the S&P 500 Tanks

For folks thinking about going treasuries only, be aware that correlation does not always stay the same. The article below was from May 2019, with a table of correlation between S&P 500 and intermediate-term/long-term treasuries. Note the table's "5-year correlation" column - at that m...
by likashing
Tue Apr 28, 2020 11:09 pm
Forum: Investing - Theory, News & General
Topic: Which Bonds when the S&P 500 Tanks
Replies: 82
Views: 6425

Re: Which Bonds when the S&P 500 Tanks

Let's zoom into the period from 3/9 to 3/18, which is from the peak to trough for V LG SX (VG LTT). ... How about for fun we zero in on the period since the stock-market bottom That for all that. It was indeed fun. I'm curious though: what's your main takeaway from all that analysis and reflection?...
by likashing
Tue Apr 28, 2020 9:34 pm
Forum: Investing - Theory, News & General
Topic: Which Bonds when the S&P 500 Tanks
Replies: 82
Views: 6425

Re: Which Bonds when the S&P 500 Tanks

Let's zoom into the period from 3/9 to 3/18, which is from the peak to trough for V LG SX (VG LTT). ... How about for fun we zero in on the period since the stock-market bottom That for all that. It was indeed fun. I'm curious though: what's your main takeaway from all that analysis and reflection?...
by likashing
Mon Apr 27, 2020 6:17 pm
Forum: Investing - Theory, News & General
Topic: Which Bonds when the S&P 500 Tanks
Replies: 82
Views: 6425

Re: Which Bonds when the S&P 500 Tanks

Doc wrote: Mon Apr 27, 2020 4:37 pm Not what I would have expected.
Which part did you not expect? Intermediate corporate correlating to S&P 500?
by likashing
Wed Mar 11, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47425

Re: 30 year mortgage under 3%

What is the best rate you got for $750k+ re-finance? Point/Fees - ball-park out-the-door cost? $0 cost 0 point?
by likashing
Tue Feb 18, 2020 4:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman is my guest on this "Bogleheads on Investing" podcast
Replies: 137
Views: 10324

Re: Paul Merriman is my guest on this "Bogleheads on Investing" podcast

When I started working in the early 2000s, when there was much less financial advice/information on the internet, Merriman provided a lot of info on his site about asset allocation, bond/stock allocation, and slice and dice advice. Even though I haven't followed/looked up what he recommends for many...
by likashing
Thu Jan 23, 2020 1:46 pm
Forum: Investing - Theory, News & General
Topic: Concerned about Total Bond Mkt duration increase?
Replies: 39
Views: 5464

Re: Concerned about Total Bond Mkt duration increase?

Bringing up this old thread. Why is duration increasing? Is it because of treasury (and corps) issuing more long term bond over the last decade, and thus affecting the mix (index)? In the original post, average duration was 6.1 years. As of 12/31/2019, average duration is 6.2 years. So, are you ask...
by likashing
Wed Jan 22, 2020 12:57 pm
Forum: Investing - Theory, News & General
Topic: Concerned about Total Bond Mkt duration increase?
Replies: 39
Views: 5464

Re: Concerned about Total Bond Mkt duration increase?

Bringing up this old thread.

Why is duration increasing? Is it because of treasury (and corps) issuing more long term bond over the last decade, and thus affecting the mix (index)?
by likashing
Fri Jan 03, 2020 6:56 pm
Forum: Personal Investments
Topic: IRA Transfer With Brokered CDs In It
Replies: 2
Views: 263

IRA Transfer With Brokered CDs In It

Anyone has experience with transferring an IRA with brokered CDs in it? Considering transferring my Fidelity IRA to Merrill Edge (to take advantage of the new account bonus as well as BOA Preferred Rewards). Can the brokered CDs be transferred in-kind? The service adviser says so. Just want to see w...
by likashing
Fri Jun 28, 2019 5:56 pm
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury Under 2%
Replies: 45
Views: 6067

Re: 10 Year Treasury Under 2%

Kevin, I have so much IRA CD maturing lately and soon. What have you been doing in the current environment, if you don't mind sharing? The brokered CDs do not look as attractive as last year. Thanks in advance! Right, brokered CD yields have dropped a lot just in the last few weeks. It depends on t...
by likashing
Fri Jun 28, 2019 5:31 am
Forum: Investing - Theory, News & General
Topic: 10 Year Treasury Under 2%
Replies: 45
Views: 6067

Re: 10 Year Treasury Under 2%

10 yr minus 3 month has been negative for over a month now. What does that indicate? I'm not gonna speculate... It seems to indicate the market is expecting a rate cut. The drop in the short-term Treasury yields indicates market's expectation of a cut in the fed funds rate (FFR). We've seen how clo...
by likashing
Tue Apr 23, 2019 4:09 pm
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 114
Views: 13427

Re: Who is buying 1-3 year old used Toyotas and Hondas?

My theory is: 1) people buying 1-3 year old Toyotas and Hondas from dealerships are being ripped off. 2) new car dealers make more money from used cars than new cars - especially new Toyota/Honda vs 1-3 yo Toyota/Honda Many people buying 1-3 year old Toyota/Honda do not even consider new because: 1)...
by likashing
Wed Mar 20, 2019 1:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 54039

Re: Vanguard Prime Money Market yield over 2.5%

Any MM fund in Fidelity with comparable yield to Vanguard Prime?
by likashing
Mon Mar 11, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: 5 days in Hong Kong - Seeking travel tips
Replies: 23
Views: 2065

Re: 5 days in Hong Kong - Seeking travel tips

Most restaurants take credit cards - Visa or Master. Amex is hit or miss and don't bother with Discover. Local eateries and street food is 100% cash. ATMs are everywhere (literally every 100 steps) including HSBC, Hang Seng, Bank of China, Citi, etc etc. You can use any one of them. If you really ca...
by likashing
Mon Feb 04, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: CA homes and new SALT limits
Replies: 48
Views: 6111

Re: CA homes and new SALT limits

yes, SALT is capped at 10k now, but the AMT threshold also increased to 500k/1M (single/married). in the previous law, if you're able to pay so much in SALT (more than the new 24k standard deduction), it also likely means you're paying extra taxes via AMT; not so anymore. for the most part everyone...
by likashing
Mon Feb 04, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: CA homes and new SALT limits
Replies: 48
Views: 6111

Re: CA homes and new SALT limits

Depends on where you are in CA. If you are in the SF Bay Area, having the income to afford those million dollar houses, you probably have been in AMT already. For those in AMT, property tax has pretty much been un-deductible since even before the 2018 new tax plan.
by likashing
Wed Jan 30, 2019 4:21 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 168
Views: 16032

Re: TIPS yield curve inverted at short end

Not quite. The seasonal adjustment doesn't become smaller for longer term TIPS. Rather, its effect on yield becomes smaller -- for the same reason that an additional $1 in ten years causes a smaller increase in annual return than would $1 in one year. Thanks. You are right that the "effect&quo...
by likashing
Mon Jan 28, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 168
Views: 16032

Re: TIPS yield curve inverted at short end

Reading through the thread and have 2 questions... 1) The quoted "yield" i.e. ~1.4% for Jan/20 and Apr/20 maturing issues, is the real yield (without inflation) not nominal (w/ inflation), correct? 2) I understand about the seasonal adjustment, but don't get all the details on how to *calc...
by likashing
Fri Jan 18, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 168
Views: 16032

Re: TIPS yield curve inverted at short end

I've just noticed the Vanguard short-term TIPS now has a 30-day SEC yield of 1.51%... came here to find more info and unsurprisingly, you guys have been talking about it for a month. :D http://i63.tinypic.com/2u4lzr9.jpg What does "effective yield" in Fidelity mean for this TIPS maturing i...
by likashing
Fri Jan 11, 2019 5:20 pm
Forum: Personal Investments
Topic: CD at 2.70 APR - 1, 2 or 3 years?
Replies: 20
Views: 3265

Re: CD at 2.70 APR - 1, 2 or 3 years?

I am continuing to hold my intermediate-term bond funds and CDs for now, which hedges the reinvestment risk somewhat. Which bond fund do you use Kevin? I have some IRA CD maturing and will re-invest some in bond fund. I also want to avoid mortgage backed bonds in TBM. I am not Kevin. I use Vanguard...
by likashing
Fri Jan 11, 2019 2:46 pm
Forum: Personal Investments
Topic: CD at 2.70 APR - 1, 2 or 3 years?
Replies: 20
Views: 3265

Re: CD at 2.70 APR - 1, 2 or 3 years?

Kevin M wrote: Thu Jan 10, 2019 11:29 pm I am continuing to hold my intermediate-term bond funds and CDs for now, which hedges the reinvestment risk somewhat.
Which bond fund do you use Kevin? I have some IRA CD maturing and will re-invest some in bond fund. I also want to avoid mortgage backed bonds in TBM.
by likashing
Wed Oct 17, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

Yes, CD/bond market hours are until 5. I learned this after my CD purchase. I was actually surprised when I noticed the time...almost as surprised as I was a to see a 4 month CD with YTM of 3.15% :) . After re-reading the email, that listed conditions for trading without settled funds, it seems the...
by likashing
Tue Oct 16, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

... in any case. So, I certainly have no intention to ever sell CDs in order to rebalance into stocks (or for any purpose). Any purpose? Don't disagree with the CD price aspects, but would you sell Treasuries that were up 10% to buy corporates that were down 10%. That's a 20% freebee. If it happens...
by likashing
Tue Oct 16, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

My issue is not with the yield difference but with the Treasury price increase (think capital gain) in a "flight to quality" situation like the fall of '08. Right, and I understand that way of looking at it. While I would assume CDs would not decline in that scenario since interest rates ...
by likashing
Wed Oct 10, 2018 5:17 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

For taxable it is true. I don't hold brokered CDs in taxable either. I just got some Wellsfargo CD in secondary market for ~3.13% which is maturing in ~2.6 years, in tax-advantaged accounts, of course. As a Boglehead, ~20 basis points are quite a bit to me. Was it CUSIP 949763GQ3, by chance? That's...
by likashing
Wed Oct 10, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

That's why we look at SEC yields. Also, if you look at FDIC CDs current yield vs current treasury yield, CD will still beat it for the same terms. There are reasons discussed by Kevin which I am not going to re-iterate here. So there, it is likely the next 2-3 years a CD portfolio of the same term,...
by likashing
Wed Oct 10, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

Doc wrote: Wed Oct 10, 2018 11:41 am I'm not very familiar with brokered CDs
Maybe you can read this thread and understand before commenting whether brokered CDs are better or worse than bond funds?

It is obvious you like keeping your bond funds which is totally fine.
by likashing
Wed Oct 10, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

Vanguard short-term bond admiral index's SEC yield is 2.98%, and Vanguard short-term treasury admiral's SEC yield is only 2.72%. Both have negative return YTD with and short term bond has 40% of its holdings in 3-5 years. This means if one has CDs vs these bond funds you have already been out-perfo...
by likashing
Tue Oct 09, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

Personally, I prefer MMF and ST bonds and am willing to accept their lower initial yields. Vanguard short-term bond admiral index's SEC yield is 2.98%, and Vanguard short-term treasury admiral's SEC yield is only 2.72%. Both have negative return YTD with and short term bond has 40% of its holdings ...
by likashing
Wed Sep 12, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 20485

Re: Bay Area housing frenzy cooling

I've been in the market in the Bay Area for the last 9 months. I've noticed a slow down as well. Hoping there will be a sweet spot soon where houses decline somewhat but interest rates haven't increased to make it a wash. Why would you want to buy a house that is dropping in value? Sure it is bette...
by likashing
Sun Sep 09, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 20485

Re: Bay Area housing frenzy cooling

We have personal experience that buyers have not realized the tide is turning yet. Guys, wisen up! As buyers, we don’t need to be killing each other anymore for these houses. Stop overpaying. If Bay Area house price drops 20% from now, people who bought pre-2017 are still ahead/not lost any money. ...
by likashing
Wed Aug 29, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 24578

Re: Decent compensation to move to Bay Area CA?

Last I checked, all the cities that people try to move to for work, to live, have extraordinarily expensive real estates, and is hard to make ends meet. Bay Area, New York, Syndney, Vancouver, Toronto, London, Hong Kong, and Singapore. You can't pick a random city with LOCL and try to make an argume...
by likashing
Thu Aug 23, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 24578

Re: Decent compensation to move to Bay Area CA?

A house of the size you’re looking for will run you $1.5M in most areas. Can you afford that? If you start considering houses that size with "good" schools... it gets to $2m+ quickly For "great" schools, it will get to $2.5-$3m+ at least... Could you provide names of 'good' and ...
by likashing
Thu Aug 23, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Decent compensation to move to Bay Area CA?
Replies: 290
Views: 24578

Re: Decent compensation to move to Bay Area CA?

HEDGEFUNDIE wrote: Thu Aug 23, 2018 5:42 pm A house of the size you’re looking for will run you $1.5M in most areas. Can you afford that?
If you start considering houses that size with "good" schools... it gets to $2m+ quickly

For "great" schools, it will get to $2.5-$3m+ at least...
by likashing
Sat Aug 11, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 11190

Re: Can we afford to stay in HCOL area?

So, how much can we afford in the Bay Area and still remain somewhat comfortable? I'll define comfortable as affording 1 kid, newer SFH, home upkeep, 2-3 international trips/year, college and graduate savings for private school. I do expect our income to rise here. The answer will tell us if we can...
by likashing
Sat Aug 11, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91713

Re: 2-year CDs at Vanguard and Fidelity Today

I'd refine my answer a bit to say that if you buy at a premium, perhaps do a bit more due diligence regarding the bank's financial health. In my case, I didn't do that, and bought a CD issued by a bank that was obviously at risk. +1. And I should say that I always buy the lowest priced CD all other...
by likashing
Sat Aug 11, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 92
Views: 11190

Re: Can we afford to stay in HCOL area?

Bay Area and believes we can afford it despite the expected cost of childcare at 36-48,000/year . So, how much can we afford in the Bay Area and still remain somewhat comfortable? I'll define comfortable as affording 1 kid, newer SFH , home upkeep, 2-3 international trips/year, college and graduate...