Search found 1816 matches

by SlowMovingInvestor
Fri Feb 21, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Morgan Stanley buying E*TRADE
Replies: 53
Views: 5205

Re: Morgan Stanley buying E*TRADE

I've had an eTrade checking account for 15 years. They charge no ATM fees and refund all fees from ATMs where I get cash. I'll be sad to see that go! Well how do you know it’ll go? It might not. I don't. But I've been involved in enough mergers to know where the consultants are going to go hunting ...
by SlowMovingInvestor
Thu Feb 20, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: Morgan Stanley buying E*TRADE
Replies: 53
Views: 5205

Re: Morgan Stanley buying E*TRADE

What other significant online brokerage is left now ? Ally Trading ?

Fidelity may have a disadvantage in acquiring other brokerages since it's private and can't do stock acquisitions without diluting control of the Johnson family.
by SlowMovingInvestor
Tue Feb 18, 2020 10:45 am
Forum: Personal Consumer Issues
Topic: Importing tax info into tax programs. Who does it?
Replies: 24
Views: 1409

Re: Importing tax info into tax programs. Who does it?

Consider that your W2, 1099, etc tax information is already out there on the internet for you to retrieve. No one asked your permission to place it on the internet but it is there readily available. Whether you import it or type it in manually does not make it any more or less secure. Should you be...
by SlowMovingInvestor
Mon Feb 17, 2020 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: do you check your taxes when using tax software?
Replies: 54
Views: 3685

Re: do you check your taxes when using tax software?

I do some spot checks, and check some complicated things like FTC. I also spot check some larger 1099 item downloads. No math checks.
by SlowMovingInvestor
Sun Feb 16, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use plaid.com?
Replies: 37
Views: 4231

Re: Does anyone use plaid.com?

Can you specify with the Plaid Api that you don't want your password or any long term token stored, but that you want to auth each time ? In that case, you can use an app that you write and run from your desktop or development machine.
by SlowMovingInvestor
Sun Feb 16, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use plaid.com?
Replies: 37
Views: 4231

Re: Does anyone use plaid.com?

I would only use it if I were extremely wary of giving my login info to an aggregator. This whole thing started because I don't give my bank password to any aggregator. Ok, so instead of giving it to an aggregator, you're going to give it to Plaid when you create a Link object (unless your financia...
by SlowMovingInvestor
Sat Feb 15, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use plaid.com?
Replies: 37
Views: 4231

Re: Does anyone use plaid.com?

acegolfer wrote: Thu Jan 02, 2020 12:06 pm Technical is not an issue for me. Still waiting to hear from someone with 1st hand experience on plaid.com.
Question -- thread is a little old, but have you tried to use plaid to get your info ?
by SlowMovingInvestor
Fri Feb 14, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-Level Jobs with Pensions - What companies still offer pensions these days?
Replies: 155
Views: 12560

Re: Entry-Level Jobs with Pensions - What companies still offer pensions these days?

I work for a bank that still offers a pension. I just joined and was surprised that they did. It was not the reason I joined. It vests after 5 years. After 10 years, the multiplier increases. Downsides have been mentioned: the company itself or the pension may not be around in 30-40 years, Once the...
by SlowMovingInvestor
Tue Feb 11, 2020 11:35 am
Forum: Personal Investments
Topic: Treasury Direct vs Brokerage
Replies: 7
Views: 585

Re: Treasury Direct vs Brokerage

A friend of mine (savvy investor) has an account at Fidelity, but does all his Treasury buys/sells through Treasury Direct. I asked him why, and he said was because he wanted the extra guarantee of TD in case Fidelity had problems during a major meltdown. I'm sure he's beyond the SIPC limit(+ addit...
by SlowMovingInvestor
Tue Feb 11, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Missed Q4 estimated tax deadline?
Replies: 15
Views: 997

Re: Missed Q4 estimated tax deadline?

Just pay it. Due to being several days late on ET, we incurred a penalty last year. If you use TurboTax it will inform you at the end of a penalty and the amount. You can either pay it then or not. IRS has the option of sending you a letter for payment or forgiving it. We opted to let IRS decide. T...
by SlowMovingInvestor
Tue Feb 11, 2020 8:58 am
Forum: Personal Investments
Topic: Treasury Direct vs Brokerage
Replies: 7
Views: 585

Treasury Direct vs Brokerage

A friend of mine (savvy investor) has an account at Fidelity, but does all his Treasury buys/sells through Treasury Direct. I asked him why, and he said was because he wanted the extra guarantee of TD in case Fidelity had problems during a major meltdown. I'm sure he's beyond the SIPC limit(+ additi...
by SlowMovingInvestor
Tue Feb 11, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: TIPS
Replies: 116
Views: 10975

Re: TIPS Negative Real Yield - SOLD!

Here are the answers: If any bond gurus want figure out some of the details: U S TREASURY NOTE INFLATION INDEX NOTE .25% 01/15/25 Bought: 3/14/2017 Price: 97.6914 Factor: 1.02201 YTM: 0.538 Sold: 1/28/2020 Price: 101.66 Factor: 1.08599 YTM: -0.084% according to Vanguard :?: What was the expected re...
by SlowMovingInvestor
Mon Feb 10, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5148

Re: Downside to using Cash Back credit cards

Chase Ultimate Rewards likely have a similar value proposition. Chase makes their 2% per transaction and then gets to spend that float on whatever they want because, statistically, people hold onto UR points for a long time. Good point -- never thought of that. Of course, in these low interest rate...
by SlowMovingInvestor
Mon Feb 10, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software Question [Do you enter form data manually or via online access?]
Replies: 10
Views: 766

Re: Tax Software Question [Do you enter form data manually or via online access?]

TurboTax, and I download everything except 1099-INTs, which I type in manually. This reduces the possibility of a lot of errors. I do spot checks of a few numbers, and of course, I have to manually calculate Treasury income, state Muni income and FTC related. It would be nice if providers an TT work...
by SlowMovingInvestor
Sat Feb 08, 2020 11:02 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3377

Re: 17 mo CD 2.25 apy Is there better?

Tomd, thanks. As I understand the offer, I get 2.25%, but I can add to the CD anytime within the next 17 months ? If so, I'll take a look and see if it works for me.
by SlowMovingInvestor
Sat Feb 08, 2020 10:37 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3377

Re: 17 mo CD 2.25 apy Is there better?

Oh, I don't have an account. Not sure if I would get this if I opened a regular savings account if it's a special offer.
by SlowMovingInvestor
Sat Feb 08, 2020 10:08 pm
Forum: Personal Investments
Topic: 17 mo CD 2.25 apy Is there better?
Replies: 35
Views: 3377

Re: 17 mo CD 2.25 apy Is there better?

Maybe I'm dumb, but I don't see this in their certificates section on their web site ? Is this a mailer ?
by SlowMovingInvestor
Sat Feb 08, 2020 9:36 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 54
Views: 9337

Re: Chase YouInvest cost basis method

Has anyone received a 1099-B from Chase for sales/purchases made in the year ? Or 1099-Divs for that matter ? Just curious how well 1099 reporting is working for YouInvest (this is one of my major concerns with a new brokerage).
by SlowMovingInvestor
Wed Feb 05, 2020 4:21 pm
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 12
Views: 1260

Re: Fido Separately Managed Accounts

I agree the .35% fee isn't bad. I'd imagine that it doesn't include spreads on the bonds though. I am assuming that the separately managed bond fund portfolio really does a lot of aggregation and that you often get the same allocation as a lot of other clients and therefore orders for bonds are in ...
by SlowMovingInvestor
Wed Feb 05, 2020 4:09 pm
Forum: Personal Consumer Issues
Topic: NJ - Buying single family home - Buy or Rent?
Replies: 15
Views: 1326

Re: NJ - Buying single family home - Buy or Rent?

NJ's population loss is starting to tick up. Just look at the employers that are leaving. I have a lot of family there and they verify the data. I have good friends in CT who can't sell their home for $700,000. It'll likely sell for around 550k or 600k. The market there all over the state is having...
by SlowMovingInvestor
Wed Feb 05, 2020 11:14 am
Forum: Personal Investments
Topic: Any downside to multiple brokerage accounts at Fidelity?
Replies: 16
Views: 1063

Re: Any downside to multiple brokerage accounts at Fidelity?

Multiple regular brokerage accounts mean multiple 1099s, which can be a bit of a pain. ... 9 accounts. Zero 1099's. (I have 12 cents in the CMA) I know, I was referring to the OP who mentioned new regular brokerage accounts. Fido does indeed send separate 1099s and separate downloads into tax SW.
by SlowMovingInvestor
Wed Feb 05, 2020 10:53 am
Forum: Personal Investments
Topic: Any downside to multiple brokerage accounts at Fidelity?
Replies: 16
Views: 1063

Re: Any downside to multiple brokerage accounts at Fidelity?

Multiple regular brokerage accounts mean multiple 1099s, which can be a bit of a pain.
by SlowMovingInvestor
Wed Feb 05, 2020 10:26 am
Forum: Personal Consumer Issues
Topic: NJ - Buying single family home - Buy or Rent?
Replies: 15
Views: 1326

Re: NJ - Buying single family home - Buy or Rent?

Don't get caught catching a falling knife. Unless you have a highly specialized career that forces you to commute to NYC, at your age, I would leave NJ for a number of reasons. OP said he was staying in the NJ area for the next 5-8 years and both he and his wife work there. Housing prices may not h...
by SlowMovingInvestor
Wed Feb 05, 2020 10:12 am
Forum: Investing - Theory, News & General
Topic: What bonds are you buying?
Replies: 71
Views: 4691

Re: What bonds are you buying?

USD emerging market bonds interest me as having a chance to exceed inflation for a portion of my money, but they both also tend to have a significant amount of stock market correlation, meaning they'll tend to drop in value when stocks drop in value. Why USD EM bonds instead of local currency? I've...
by SlowMovingInvestor
Wed Feb 05, 2020 10:00 am
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 12
Views: 1260

Re: Fido Separately Managed Accounts

Fidelity informs that an important part of the process is identifying groups of stocks that behave the same way. This is how they can sell and buy and maintain performance while avoiding wash sale rules. I believe this is continually updated because I've observed different stock groups going in and...
by SlowMovingInvestor
Wed Feb 05, 2020 9:39 am
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 12
Views: 1260

Re: Fido Separately Managed Accounts

Ask the rep what he or she gets paid if you go into the SMA vs an ETF vs a mutual fund/index fund. Get specifics. Don't let them tell you it's the same...it's' not. If it's a Fido rep, they likely don't get paid directly but it counts against their goals for the year. But it's obvious that Fido rep...
by SlowMovingInvestor
Wed Feb 05, 2020 8:21 am
Forum: Investing - Theory, News & General
Topic: REITs Instead of Long Duration Bonds?
Replies: 60
Views: 3357

Re: REITs Instead of Long Duration Bonds?

Since the market cap of US real estate exceeds the market cap of the total stock market, I believe it’s perfectly acceptable for investors to be overweight in property-owning REITs to make up for lack of this asset class in their overall portfolio. However, REITs are not a substitute for bonds. Bon...
by SlowMovingInvestor
Tue Feb 04, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1433

Re: Monte Carlo simulation of portfolio performance.

I've been using this one to model various scenarios. You can use in basic mode, or add details for more complicated scenarios, e.g. delay SS, perform Roth conversions in early retirement, etc. https://www.flexibleretirementplanner.com/wp/ Interesting tool. It includes some source code, and it seems...
by SlowMovingInvestor
Tue Feb 04, 2020 8:41 pm
Forum: Investing - Theory, News & General
Topic: REITs Instead of Long Duration Bonds?
Replies: 60
Views: 3357

Re: REITs Instead of Long Duration Bonds?

I think everybody is barking up the wrong tree by focusing on yield. High dividend stocks have higher risks than the average stock. After all, risk and return are linked. If you are getting a high yield - well, there is no free lunch. I'm not sure I'd agree with that. High Dividend stocks may also ...
by SlowMovingInvestor
Tue Feb 04, 2020 7:33 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1433

Re: Monte Carlo simulation of portfolio performance.

You can run different commercially available Monte Carlos. I use Fidelity. Put in the data and see what comes out. Run another a different one, see what comes out. Why nitpick all these nuances? At some point you have to go one way or another. Doesn’t have to be a plan. Information. It's not a nitp...
by SlowMovingInvestor
Tue Feb 04, 2020 6:49 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1433

Re: Monte Carlo simulation of portfolio performance.

... My larger question is how much one should rely on Monte Carlo simulations done by these end user oriented tools. It all depends on the assumptions that feed into the model and how relevant they are to your needs. Monte Carlo simulations are the perfect tool for simulating processes that actuall...
by SlowMovingInvestor
Tue Feb 04, 2020 6:36 pm
Forum: Personal Investments
Topic: Fido Separately Managed Accounts
Replies: 12
Views: 1260

Re: Fido Separately Managed Accounts

Another option is FXNAX at a fee of .025%, here is the summary: https://fundresearch.fidelity.com/mutual-funds/summary/316146356 I own a different SMA (Tax advantaged) and don’t have a very high opinion of the need for this bond SMA. The only reason you might consider it is you will get a personal ...
by SlowMovingInvestor
Mon Feb 03, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1433

Re: Monte Carlo simulation of portfolio performance.

Step 2 is a bit off. Historical returns are a method, but a bit of a trivial application. Distribution curves do about as good of a job and uses simpler assumptions. The real power of Monte Carlo is being able to specify your return distribution. A good example would be bond returns. We know that t...
by SlowMovingInvestor
Mon Feb 03, 2020 8:36 pm
Forum: Investing - Theory, News & General
Topic: Monte Carlo simulation of portfolio performance.
Replies: 18
Views: 1433

Monte Carlo simulation of portfolio performance.

How do Monte Carlo simulations that try and project portfolio performance (and safe withdrawal rates) actually work ? Here's what I guess. 1) The tools take the portfolio's asset allocation: Large Cap, Small Cap, International, High Quality Bonds, Junk Bonds, Munis, Cash (and other classes). 2) For ...
by SlowMovingInvestor
Sun Feb 02, 2020 11:43 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408313

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Second, if that doesn't work out, does Merrill actually count cash that you transferred out of your existing CMA against the new deposit? I noticed that their terms say that they deduct assets transferred out of the account within the prior 24 weeks. But you need to open a new CMA account to get th...
by SlowMovingInvestor
Sun Feb 02, 2020 8:30 pm
Forum: Non-US Investing
Topic: Is 25% Gold too much?
Replies: 50
Views: 4258

Re: Is 25% Gold too much?

No you don't understand this is a Gold Bond which tracks the price of Gold. It has no under-lying gold backing it. I have 1% of my portfolio in physical Gold in-case they default on the Bond which I think is unlikely. It is also capital gains tax exempt. For more info:https://m.rbi.org.in/Scripts/F...
by SlowMovingInvestor
Sun Feb 02, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Question on 2019 IRS Tax Form [Bitcoin]
Replies: 59
Views: 3959

Re: Disturbing Question on 2019 IRS Tax Form

if you bought/recieved crypto, you should check yes, even tho no capital gains is due. (not sure why this is a 'disturbing' question. It's no different than asking about holding in foreign banks, even when no tax maybe due.) It's disturbing to me, and many others, because answering this question in...
by SlowMovingInvestor
Sun Feb 02, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Using Chase Ultimate Rewards
Replies: 29
Views: 3368

Re: Using Chase Ultimate Rewards

Do you find Expedia bundles to be discernably better than buying separately? I admit I don't look often; I almost always book travel directly with the carrier, hotel, car rental Co etc to avoid any hassles dealing with intermediaries when plans change. Whenever I've seen a good bundle on Expedia, I...
by SlowMovingInvestor
Sun Feb 02, 2020 5:28 pm
Forum: Personal Investments
Topic: Whats diff between VGT vs VITAX other then minumum to start?
Replies: 36
Views: 2499

Re: Whats diff between VGT vs VITAX other then minumum to start?

VGT doesn't have Amazon, so you're missing (for better or for worse) one very large, dominant, tech driven company.
by SlowMovingInvestor
Sun Feb 02, 2020 5:25 pm
Forum: Non-US Investing
Topic: Does Emerging Markets make sense?
Replies: 113
Views: 7945

Re: Does Emerging Markets make sense?

1. FM is ~1% of global market cap weighting. So in a 60/40 portfolio, that's 0.6% of a portfolio. That won't move the needle, but I've considered it just for fetishistic reasons. A weighting of 5%, which would meet my minimum criteria for 'moving the needle', would be a massive overweight. 2. There...
by SlowMovingInvestor
Sun Feb 02, 2020 5:08 pm
Forum: Non-US Investing
Topic: Does Emerging Markets make sense?
Replies: 113
Views: 7945

Re: Does Emerging Markets make sense?

Any good FM ETF? None. Passive investing requires a quality index and a efficient (transparent & liquid) market. ETFs use investable indexes, which means only the large and most liquid stocks make the cut, eliminating most of the stock you are interested in. Then local traders front run both the in...
by SlowMovingInvestor
Sun Feb 02, 2020 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Question on 2019 IRS Tax Form [Bitcoin]
Replies: 59
Views: 3959

Re: Disturbing Question on 2019 IRS Tax Form

Until then, I don't see why the IRS should have any business inquiring about them. Well, by law, we are all required to disclose foreign assets and bank accounts (i.e., the pfic requirement). I suspect that the IRS is treating digital currency in the same manner as foreign assets and bank accounts....
by SlowMovingInvestor
Sun Feb 02, 2020 4:30 pm
Forum: Non-US Investing
Topic: Does Emerging Markets make sense?
Replies: 113
Views: 7945

Re: Does Emerging Markets make sense?

Any good FM ETF? None. Passive investing requires a quality index and a efficient (transparent & liquid) market. ETFs use investable indexes, which means only the large and most liquid stocks make the cut, eliminating most of the stock you are interested in. Then local traders front run both the in...
by SlowMovingInvestor
Sun Feb 02, 2020 10:02 am
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 7179

Re: My Sis is going to Ray James, is this fee right?

It took me a while, but I’ve come to find there is a role in society for Edward Jones and Raymond James. Some people just don’t care to learn about investing. And investing with the above two organizations is better than not investing at all. Both rated very highly in reviews, so they are doing som...
by SlowMovingInvestor
Sun Feb 02, 2020 10:00 am
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 7179

Re: My Sis is going to Ray James, is this fee right?

So these days I just keep my mouth shut when ask for financial advice unless they are family or close friends. I'm far more careful when asked for investing (rather than general financial) advice by family or close friends -- I don't want to spoil a friendship because someone misinterprets me or be...
by SlowMovingInvestor
Sun Feb 02, 2020 8:54 am
Forum: Non-US Investing
Topic: Does Emerging Markets make sense?
Replies: 113
Views: 7945

Re: Does Emerging Markets make sense?

Quick question for you. How many EM countries have actually left the index in the past 25 years? past 50? the answer is 1 Going by MSCI: Morocco left in 2013. Israel left in 2010. Argentina left in 2009. Jordan left in 2008. Greece left in 2001. Portugal left in 1997. South Korea seems likely to le...
by SlowMovingInvestor
Sat Feb 01, 2020 9:47 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Dividend Yield Index Fund
Replies: 203
Views: 20576

Re: Vanguard High Dividend Yield Index Fund

The "new" (or newer) fund is the international version, Vanguard International High Dividend Yield ETF (VYMI). Which has a higher dividend, but also higher fees, and not qualified dividends like the domestic VYM fund. Quite a few foreign dividends are taxed at lower (qualified) rates too, depending...
by SlowMovingInvestor
Sat Feb 01, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4896
Views: 936634

Re: What's Your Credit Card Rewards Strategy?

My main hesitation is the annual fee. But you bring up a good point. Instead of starting with the Travel Rewards and (maybe) switching to the Premium Rewards, maybe it would be better to start with the Premium Rewards and then downgrade to the Travel Rewards (if that's possible). I've read that the...
by SlowMovingInvestor
Sat Feb 01, 2020 4:36 pm
Forum: Non-US Investing
Topic: Does Emerging Markets make sense?
Replies: 113
Views: 7945

Re: Does Emerging Markets make sense?

watchnerd wrote: Sat Feb 01, 2020 4:31 pm Incorrect.

Saudi Arabia is part of VWO/VEMAX, the Vanguard Emerging Markets Index Fund.

https://investor.vanguard.com/etf/profile/portfolio/vwo
I stand corrected. I was looking at the iShares ETF IEMG, which includes only 'investable' markets, and does not include Saudi Arabia.
by SlowMovingInvestor
Sat Feb 01, 2020 4:29 pm
Forum: Non-US Investing
Topic: Does Emerging Markets make sense?
Replies: 113
Views: 7945

Re: Does Emerging Markets make sense?

Do you actually live in an EM country and know any such companies? If not, then you're basing your investing in familiarity, and excluding anything you are unfamiliar with. There is nothing wrong with that, but I bet you probably won't know anything about 400 of the stocks in the SP500 index either...