Search found 1816 matches

by SlowMovingInvestor
Sat Feb 01, 2020 4:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Dividend Yield Index Fund
Replies: 203
Views: 20576

Re: Vanguard High Dividend Yield Index Fund

It went down nearly as much as Vanguard Total Stock Market (-31.91 % to -36,98%) in 2008, and both had a max drawdown of around 50%. I think that may have been because it had a fair number of financial stocks, which were hit badly. I might go with the Vanguard Utilities Index instead (VPU) if I wan...
by SlowMovingInvestor
Sat Feb 01, 2020 3:47 pm
Forum: Investing - Theory, News & General
Topic: Do You Do Your Taxes by Hand? Reporter doing story
Replies: 119
Views: 8656

Re: Do You Do Your Taxes by Hand? Reporter doing story

Do you have a reference that says paper forms are scanned? It appears they did not have the technology in 2012. "The IRS agreed with the IG's recommendation to pursue scanning technology by the end of 2012, but noted budget constraints." https://www.nextgov.com/technology-news/2009/09/irs-continues...
by SlowMovingInvestor
Sat Feb 01, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: TotalDirectBank offering 2.10% APY for online savings account - But are they safe?
Replies: 12
Views: 1512

Re: TotalDirectBank offering 2.10% APY for online savings account - But are they safe?

susa wrote: Sat Feb 01, 2020 7:09 am For Florida, this is a better alternative - 2.25% APY money market ($25,000 minimum; guaranteed through 6/30/20)

https://www.customersbank.com/ascent/
It says 1.95% now :(.

Wish I had opened an account yesterday !
by SlowMovingInvestor
Sat Feb 01, 2020 2:23 pm
Forum: Personal Investments
Topic: Fidelity account transfer [what are the fees?]
Replies: 2
Views: 404

Re: Fidelity account transfer [what are the fees?]

There shouldn't be any fee. And you should be able to hold most of the funds when you switch. Even if some are institutional class funds, Fido may even be able to grandfather you into them in a personal account. If not, they'll likely find a very closely matching fund if you want to keep the same AA...
by SlowMovingInvestor
Sat Feb 01, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Coding/Billing
Replies: 16
Views: 1310

Re: Medical Coding/Billing

It may seem quick to you but the doctors gears are churning and a "simple fever", especially with no other symptoms could be a concern and the doctor is liable. Options seem to be that this was “simple” and there was no reason to go to the doctor at all or there was a concern of something more seri...
by SlowMovingInvestor
Sat Feb 01, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: Do You Do Your Taxes by Hand? Reporter doing story
Replies: 119
Views: 8656

Re: Do You Do Your Taxes by Hand? Reporter doing story

The 12 million/year paper tax forms you mail end up in a Federal Records Center for storage: These days, I think they are scanned (for record's sake), entered manually (for handwritten taxes) and then shredded. TurboTax in forms mode isn't that much different from filling out forms, except that it ...
by SlowMovingInvestor
Sat Feb 01, 2020 12:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Dividend Yield Index Fund
Replies: 203
Views: 20576

Re: Vanguard High Dividend Yield Index Fund

It went down nearly as much as Vanguard Total Stock Market (-31.91 % to -36,98%) in 2008, and both had a max drawdown of around 50%. I think that may have been because it had a fair number of financial stocks, which were hit badly. I might go with the Vanguard Utilities Index instead (VPU) if I want...
by SlowMovingInvestor
Sat Feb 01, 2020 12:30 pm
Forum: Personal Investments
Topic: Vanguard International RE yield
Replies: 1
Views: 243

Vanguard International RE yield

VNQI (Vanguard's Global ex-US Real Estate ETF) has a distribution yield of 7.60%, and an SEC yield of 3.41%. I know bonds can show variation in distribution yield vs SEC yield, but it's unusual to see that much in a 'REIT' (or it's equivalent for foreign countries). It had a large dividend (not Cap ...
by SlowMovingInvestor
Fri Jan 31, 2020 11:04 pm
Forum: Personal Investments
Topic: Current Environment - Short-Term High Yield vs. Total Bond vs. LT Corp Bond?
Replies: 17
Views: 1602

Re: Current Environment - Short-Term High Yield vs. Total Bond vs. LT Corp Bond?

Barrons has an article on this. https://www.barrons.com/articles/how-to-build-a-bond-portfolio-for-stability-in-uncertain-times-51580422738?mod=hp_LEAD_2 “Clients are asking how they’re going to continue to make money in bonds in the low-rate environment, and our answer is, ‘You’re not, and the purp...
by SlowMovingInvestor
Fri Jan 31, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: TotalDirectBank offering 2.10% APY for online savings account - But are they safe?
Replies: 12
Views: 1512

Re: TotalDirectBank offering 2.10% APY for online savings account - But are they safe?

By the way, did you notice that this bank does not do business in Florida or California? Hmmmm, very interesting. Their website says that TotalDirectBank is a division of City National Bank of Florida. Why would a bank in Florida not do business with customers in Florida? Because they offer much lo...
by SlowMovingInvestor
Fri Jan 31, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Coding/Billing
Replies: 16
Views: 1310

Re: Medical Coding/Billing

I found the billing code on the insurance company's site It says Office or outpatient visit with an established patient (up to 25 minutes) I gather this is CPT code 99214. My regular doctor claims on the insurance site show 'up to 15 minutes' for all the visits I've made (excluding annual wellness ...
by SlowMovingInvestor
Fri Jan 31, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on foreign (Korean) inheritance?
Replies: 12
Views: 945

Re: Taxes on foreign (Korean) inheritance?

To the best of my knowledge you should not have any US tax liability as a result of receiving a bequest from a foreign estate. If the amount you receive is over USD 100K, you must file an information return (IRS Form 3520). See https://www.irs.gov/businesses/gifts-from-foreign-person. Thank you! Do...
by SlowMovingInvestor
Fri Jan 31, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Coding/Billing
Replies: 16
Views: 1310

Re: Medical Coding/Billing

I found the billing code on the insurance company's site It says Office or outpatient visit with an established patient (up to 25 minutes) I gather this is CPT code 99214. My regular doctor claims on the insurance site show 'up to 15 minutes' for all the visits I've made (excluding annual wellness v...
by SlowMovingInvestor
Fri Jan 31, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Coding/Billing
Replies: 16
Views: 1310

Re: Medical Coding/Billing

Assuming the two physicians are in the same practice than yes your visit would be considered as an existing patient visit. It is possible, however, that even though the two physicians are in the same office that they have different practices. My guess is that would be hard to determine if it was th...
by SlowMovingInvestor
Fri Jan 31, 2020 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring securities to a brokerage firm
Replies: 15
Views: 740

Re: Transferring securities to a brokerage firm

I have done transfers from Vanguard before (not to Chase), but I don't remember if I had to attach a full statement. Of course, I don't have multiple accounts at VG, so I wasn't too concerned about it.

For transfer from other firms, I do remember giving merely a screenshot once.
by SlowMovingInvestor
Fri Jan 31, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring securities to a brokerage firm
Replies: 15
Views: 740

Re: Transferring securities to a brokerage firm

I would guess they're primarily interested in account number, verifying your ownership and assets. As was pointed out, you can show only the account you want to be transferred and either take a PDF or even a screen shot and send it to Chase.
by SlowMovingInvestor
Fri Jan 31, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Medical Coding/Billing
Replies: 16
Views: 1310

Medical Coding/Billing

I had a minor cold/fever 2 weeks back, my regular PCP was out and I had to visit another PCP in the same practice. Same insurance, but I've never had to visit the 2nd physician before (this is a large multi-site practice). I am on an HSA plan, haven't reached deductible yet (and don't expect to reac...
by SlowMovingInvestor
Thu Jan 30, 2020 8:00 am
Forum: Investing - Theory, News & General
Topic: Fidelity business model. I don’t understand.
Replies: 82
Views: 8740

Re: Fidelity business model. I don’t understand.

[Schwab gets the bulk of it's money from interest rate arbitrage (the very low rates it pays on MMs). Fidelity's MM has pretty good rates (not as good VGs, but good) so they don't make much money that way. ] It is what they allow for sweep accounts, not a difference in the money market rates, Schwa...
by SlowMovingInvestor
Wed Jan 29, 2020 11:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity business model. I don’t understand.
Replies: 82
Views: 8740

Re: Fidelity business model. I don’t understand.

Fidelity is a private business, but Charles Schwab is public (SCHW), so we can at least take a peek at the books there. They don't appear to be hurting. https://www.sec.gov/ix?doc=/Archives/edgar/data/316709/000031670919000052/schw-09302019x10q.htm#s7C40210C0F0E53CA818D843CBF1F7D11 From the "RESULT...
by SlowMovingInvestor
Wed Jan 29, 2020 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 498
Views: 47803

Re: JPM Chase Reserve Card gets more expensive

ThePointsGuy, the biggest Chase shill on the internet, values UR at $0.02/pt. But he doesn't value a single transfer partner's points of Chase at more the $0.017/pt. Go figure... Not to defend the Points Guy's valuation, but clearly the value of being able to transfer to whole host of programs, som...
by SlowMovingInvestor
Wed Jan 29, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 498
Views: 47803

Re: JPM Chase Reserve Card gets more expensive

ThePointsGuy, the biggest Chase shill on the internet, values UR at $0.02/pt. But he doesn't value a single transfer partner's points of Chase at more the $0.017/pt. Go figure... Not to defend the Points Guy's valuation, but clearly the value of being able to transfer to whole host of programs, som...
by SlowMovingInvestor
Wed Jan 29, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Catch up HSA
Replies: 7
Views: 815

Re: Catch up HSA

My spouse is below 55, and has an HSA employer account to which she contributes $7000 annually. I am 60, on her HDHP insurance. 1) Can I open a separate HSA account (say at Fidelity) and deposit $1000 in my catch up contribution to it ? Continuing this thread, the same situation holds this year. Ca...
by SlowMovingInvestor
Wed Jan 29, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Catch up HSA
Replies: 7
Views: 815

Re: Catch up HSA

My spouse is below 55, and has an HSA employer account to which she contributes $7000 annually. I am 60, on her HDHP insurance. 1) Can I open a separate HSA account (say at Fidelity) and deposit $1000 in my catch up contribution to it ? Continuing this thread, the same situation holds this year. Ca...
by SlowMovingInvestor
Tue Jan 28, 2020 7:21 pm
Forum: Personal Investments
Topic: Ahh... PSECU CD Rates - I miss you.
Replies: 18
Views: 1596

Re: Ahh... PSECU CD Rates - I miss you.

JSparks wrote: Tue Jan 28, 2020 7:20 pm
nalor511 wrote: Tue Jan 28, 2020 5:21 pm
This, psecu rate was nothing too special
PSECU was 3.25% which was about 1 point higher than any other place I could find at the time... so I'd say it was special.
And you could auto-add too, which was very nice.
by SlowMovingInvestor
Tue Jan 28, 2020 6:16 pm
Forum: Personal Investments
Topic: etrade promotion to manage vanguard funds
Replies: 12
Views: 1003

Re: etrade promotion to manage vanguard funds

Not all VG funds can be bought or sold at Etrade NTF. Also, some closed Vanguard funds can't be bought at all at Etrade.

You should verify your funds can be sold (or bought if you want to buy more) without a transaction fee later.
by SlowMovingInvestor
Tue Jan 28, 2020 9:58 am
Forum: Investing - Theory, News & General
Topic: TIPS as part of fixed income allocation
Replies: 38
Views: 3142

Re: TIPS as part of fixed income allocation

Okay, so what do you do when equities are having a -50% drawdown, inflation is running above nominal bond rates, and you need to draw from your retirement assets. Sell equities that are declining, or sell nominal bonds that are trailing inflation? TIPS are typically held in a tax sheltered account....
by SlowMovingInvestor
Tue Jan 28, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire checking 1000$ offer
Replies: 170
Views: 25582

Re: Chase Sapphire checking 1000$ offer

[Another bonus question: I have a chunk of money in a current Chase checking account. If I transfer $75,000 in mutual fund shares to YouInvest, then later use some of the current checking balance to pay bills, will I be denied the bonus? If inflows - outflows < 75K for the period from when you enro...
by SlowMovingInvestor
Tue Jan 28, 2020 9:47 am
Forum: Investing - Theory, News & General
Topic: TIPS as part of fixed income allocation
Replies: 38
Views: 3142

Re: TIPS as part of fixed income allocation

Okay, so what do you do when equities are having a -50% drawdown, inflation is running above nominal bond rates, and you need to draw from your retirement assets. Sell equities that are declining, or sell nominal bonds that are trailing inflation? TIPS are typically held in a tax sheltered account....
by SlowMovingInvestor
Tue Jan 28, 2020 8:59 am
Forum: Personal Consumer Issues
Topic: Not allowed to board American Airlines flight - Forced to buy second ticket for same flight - Help requested [UPDATED]
Replies: 125
Views: 16340

Re: Not allowed to board American Airlines flight - Forced to buy second ticket for same flight - Help requested

whodidntante wrote: Mon Jan 27, 2020 7:24 pm It would be a warm day in Nome before I fly AA again.
For those near some hubs (Philly, for instance), it's not so easy to avoid AA.
by SlowMovingInvestor
Tue Jan 28, 2020 8:52 am
Forum: Personal Consumer Issues
Topic: Not allowed to board American Airlines flight - Forced to buy second ticket for same flight - Help requested [UPDATED]
Replies: 125
Views: 16340

Re: Not allowed to board American Airlines flight - Forced to buy second ticket for same flight - Help requested

If you read the comments in FlyerTalk and Doctor of Credit, the phone agents have been instructed not to disclose any information to the customer. American Airlines Corporate Security is the only part of the company that is allowed to discuss this kind of problem with the customer. I haven't read t...
by SlowMovingInvestor
Tue Jan 28, 2020 8:36 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408306

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I verified, and the PNC bonus was/is indeed for a managed account, with a fee over 1%, indeed likely over 1.5% Not worth it ! Unlike Chase Private Client, I'm guessing you can't do a self managed account. And you likely don't want their portfolios either. I knew there was a catch. Thank you for sni...
by SlowMovingInvestor
Tue Jan 28, 2020 7:53 am
Forum: Personal Investments
Topic: Is BP considered a foreign investment?
Replies: 14
Views: 857

Re: Is BP considered a foreign investment?

For IRS forms reporting foreign financial assets, definitely not as it trades on a US exchange.

For background checks, I don't know.
by SlowMovingInvestor
Tue Jan 28, 2020 7:35 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408306

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I verified, and the PNC bonus was/is indeed for a managed account, with a fee over 1%, indeed likely over 1.5%

Not worth it ! Unlike Chase Private Client, I'm guessing you can't do a self managed account. And you likely don't want their portfolios either.
by SlowMovingInvestor
Tue Jan 28, 2020 7:25 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2484
Views: 408306

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Leesbro63 wrote: Tue Jan 28, 2020 6:50 am I saw an offer of a $5000 bonus for a $750,000 deposit at PNC (Bank) Brokerage. What’s the catch?
Must be for a managed account, i.e. you have to sign up and pay an advisory fee.
by SlowMovingInvestor
Mon Jan 27, 2020 8:47 pm
Forum: Personal Investments
Topic: Ally vs Treasury Direct
Replies: 32
Views: 3113

Re: Ally vs Treasury Direct

Blue456 wrote: Mon Jan 27, 2020 8:05 pm
Can I bonds be purchased at Fidelity?
No, savings bonds can only be purchased at Treasury Direct
by SlowMovingInvestor
Mon Jan 27, 2020 6:05 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Tax Forms start to be available
Replies: 11
Views: 1265

Re: Fidelity Tax Forms start to be available

If you hold some types of mutual funds (especially REIT ETF/funds), it can take a while for the 1099 to be generated, since brokers have to wait to get info from the MFs. And in the case of REITs, I think it goes REIT -> ETF/Fund -> Brokerage.
by SlowMovingInvestor
Mon Jan 27, 2020 11:13 am
Forum: Investing - Theory, News & General
Topic: Why are Div stocks getting hit so hard?
Replies: 16
Views: 2060

Re: Why are Div stocks getting hit so hard?

VPU (Vanguard Utilities Index) is barely down. It's not just dividends, but how exposed the company might be, and how stable it's cash flow is.
by SlowMovingInvestor
Mon Jan 27, 2020 10:34 am
Forum: Personal Investments
Topic: Ally vs Treasury Direct
Replies: 32
Views: 3113

Re: Ally vs Treasury Direct

Look into US Series I Savings Bonds; I think they'd meet your needs well. They're exempt from state taxes and federally tax deferred while tracking inflation. After a required 1 year holding period they have flexible maturity up to 30 years. You pay a 3 month penalty to liquidate between Years 1 an...
by SlowMovingInvestor
Sun Jan 26, 2020 11:20 pm
Forum: Personal Investments
Topic: Sold for a loss, now what ?
Replies: 9
Views: 1719

Re: Sold for a loss, now what ?

Looking at your screenshot If you click on the green circle with a + inside on the left, it should expand and show you all lots of a sale (i.e. when purchased and for how much). It should also show you purchase date if TDAM has it. TDAM seems to think you have multiple lots of purchase, not just one...
by SlowMovingInvestor
Sun Jan 26, 2020 9:32 pm
Forum: Personal Investments
Topic: Sold for a loss, now what ?
Replies: 9
Views: 1719

Re: Sold for a loss, now what ?

I sold 600 shares of GE Stock last year for a loss of about $4,000 or so..... ~ 9K purchases Bought on Scott Trade which was taken over by TD Ameritrade. Would the paperwork I receive indicate the loss that's easy to discern ? I have the purchase price still indicated on Yahoo..... It was my only s...
by SlowMovingInvestor
Sun Jan 26, 2020 9:26 pm
Forum: Personal Investments
Topic: Why are vanguard TDF so aggressive?
Replies: 54
Views: 4461

Re: Why are vanguard TDF so aggressive?

I think TDFs are great for the vast majority of people. I know of several people who have done a terrible job with their 401K and TDFs are many times better. ... On a side note, I consult for a company where they switched their employees to a new 401K plan. I was able to attend the meeting and they...
by SlowMovingInvestor
Sun Jan 26, 2020 8:57 pm
Forum: Personal Investments
Topic: Ally vs Treasury Direct
Replies: 32
Views: 3113

Re: Ally vs Treasury Direct

anon_investor wrote: Sun Jan 26, 2020 6:21 pm
That's not efficient. If someone has $50k, sounds like Vanguard's Treasury Money Market Fund would be more convenient.
Only negative is the 0.09% expense ratio. Around $45 on 50K.
by SlowMovingInvestor
Sun Jan 26, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Ambulance Ride and Insurance (911 House Call)
Replies: 24
Views: 2727

Re: Ambulance Ride and Insurance (911 House Call)

I live in a township, which is an unincorporated entity with some limited powers. We do have our own police and fire funded through property taxes. Our township’s policy is to bill insurance and accept whatever insurance pays; there is no balance billing for township residents. So how it will work ...
by SlowMovingInvestor
Sun Jan 26, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity to Wells Transfer for Better Mortgage Rate
Replies: 20
Views: 1587

Re: Fidelity to Wells Transfer for Better Mortgage Rate

Does this approach make sense and are there any pitfalls I need to be aware of - i.e. any tax consequences of moving the assets twice within a short period or anything else I may be missing? 2 1099s (possibly 3 if you move back to a different Fidelity account). You need to be sure your cost basis i...
by SlowMovingInvestor
Sun Jan 26, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: To do or not do to...Taxes, that's the question.
Replies: 6
Views: 839

Re: To do or not do to...Taxes, that's the question.

$120 is very reasonable, but with all due respect to your preparer, I would trust myself over someone who charges $120 to do my return. :happy
by SlowMovingInvestor
Sun Jan 26, 2020 6:05 pm
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 9
Views: 1554

Re: Managed Futures Fund...If you must

Excuse me if this is a stupid question, but what are the managed futures these funds buy and sell typically based on ?

Commodities(*) or Stock indices or Interest Rates ? Or any of those that the manager thinks can make money ?

(*) Orange Juice Futures, for instance :wink:
by SlowMovingInvestor
Sun Jan 26, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire checking 1000$ offer
Replies: 170
Views: 25582

Re: Chase Sapphire checking 1000$ offer

I still continue to be concerned about how committed Chase is to YouInvest. Now that it's lost its USP (free trades), does Chase have any reason to focus on it, and bring it up to par with other discount online brokerages ? Right now, I hold only VG MMFs at YouInvest. No cost basis issues, very simp...
by SlowMovingInvestor
Sun Jan 26, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: TurboTax importing Vanguard tax forms?
Replies: 6
Views: 907

Re: TurboTax importing Vanguard tax forms?

Are you using TT Desktop or Online ? If you use Desktop, this concern shouldn't arise.

Some brokerages seem to provide 1099s with Document Ids, so they can be downloaded without giving auth credentials. I wish all brokerages did that.
by SlowMovingInvestor
Sun Jan 26, 2020 9:36 am
Forum: Investing - Theory, News & General
Topic: How may ETFs fail?
Replies: 9
Views: 1192

Re: How may ETFs fail?

Here's am article suggesting that MFs in one area (junk bonds) might see more liquidity problems than ETFs in a crunch. https://www.bloomberg.com/professional/blog/active-mutual-funds-liquidity-risk-crisis-etfs/ I do remember one Mutual Fund (Third Avenue Focused Credit) that got stuck with illiquid...
by SlowMovingInvestor
Sat Jan 25, 2020 9:32 pm
Forum: Personal Investments
Topic: How to show accountant how VUSXX is taxed ..?
Replies: 20
Views: 2310

Re: How to show accountant how VUSXX is taxed ..?

I'm very very curious whether individuals expect their paid preparers to 1) recognize income which may not be taxable at either the state or federal level and are 2) expected to go to the websites of the mutual funds they hold to search for documents which allow them to calculate the fraction of in...