Search found 507 matches

by arf30
Tue Jan 01, 2019 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to online banking (Ally)
Replies: 35
Views: 1975

Re: Moving to online banking (Ally)

Ally is very good, but I had a few issues that sent me back to the B&M bank - we couldn't deposit cash at ATMs, they didn't refund international ATM charges, and they don't have small business accounts. I don't use Chase but if you park 75k of assets at their brokerage all their banking fees go away.
by arf30
Sun Dec 30, 2018 10:44 pm
Forum: Personal Investments
Topic: Tax efficiency of Fidelity index funds like FSKAX/FZROX
Replies: 7
Views: 1966

Re: Tax efficiency of Fidelity index funds like FSKAX/FZROX

Anecdotal, but I've got FZROX in my HSA and it distributed short and long term capital gains on December 14th and 28th. Glancing at VTSAX in my Vanguard brokerage shows zero capital gains for 2018 and 2017.
by arf30
Sun Dec 30, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the new Maxima?
Replies: 42
Views: 2993

Re: Thoughts on the new Maxima?

Definitely not a sporty car - it's a big, heavy pillow on wheels with a CVT and front wheel drive. Less reliable and worse resale than Honda and Toyota. Wouldn't be on my list of cars to own, but you should test drive and make your own decision.
by arf30
Sat Dec 29, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 225
Views: 29339

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

The main limitations of BofA checking, even with Platinum rewards, is lack of international ATM refunds, foreign transaction fees on ATM, and outgoing ACH and wire fees. Seems a bit stingy - Chase and Wells waive those fees at similar asset levels. Maybe it's changed since I last looked into it.
by arf30
Sat Dec 29, 2018 5:11 pm
Forum: Personal Investments
Topic: What do you do with dividends?
Replies: 51
Views: 4651

Re: What do you do with dividends?

Auto reinvest until I hit the withdrawal phase of life, it's only 4 extra tax lots per year.
by arf30
Fri Dec 28, 2018 10:09 pm
Forum: Personal Investments
Topic: Anyone have experience with Chase Investment?
Replies: 18
Views: 1138

Re: Anyone have experience with Chase Investment?

sfinvestornoob wrote:
Fri Dec 28, 2018 9:41 pm
They definitely offer some, but haven’t seen all of them. I’m happy to check on some if you have a few you’re interested in.
Can you check for VTSAX and VTIAX?
by arf30
Fri Dec 28, 2018 3:27 pm
Forum: Personal Investments
Topic: Anyone have experience with Chase Investment?
Replies: 18
Views: 1138

Re: Anyone have experience with Chase Investment?

sfinvestornoob wrote:
Fri Dec 28, 2018 3:21 pm
I haven’t figured out how to trade specific tax lots
Meaning no spec ID? That's a deal breaker for long term use.
by arf30
Fri Dec 28, 2018 12:53 pm
Forum: Personal Investments
Topic: Anyone have experience with Chase Investment?
Replies: 18
Views: 1138

Re: Anyone have experience with Chase Investment?

I'm not sure they have vanguard admiral funds yet, but ETFs should be fine. There's a $75 fee to transfer assets out of the chase brokerage that you should be aware of.
by arf30
Fri Dec 28, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: brick-and-mortar vs online bank
Replies: 50
Views: 2795

Re: brick-and-mortar vs online bank

To avoid fees, I have to keep $10k in brick bank savings account for a measly .03% interest return. The online bank savings account has 2% yield. So, essentially, I'm losing $200/year to the brick bank. I'm thinking of moving completely to the online bank and shutting down my brick bank accounts. A...
by arf30
Thu Dec 27, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much of VG Prime MM (VMMXX) Dividend is exempt from state tax?
Replies: 34
Views: 4164

Re: How much of VG Prime MM (VMMXX) Dividend is exempt from state tax?

California, Connecticut, New York require 50% or more of a fund to be federal gov obligations to be state tax exempt, New Jersey requires 80% or more. VMFXX is 69% gov obligations, VUSXX is 100%, but in the past I've deducted the portion of the fund that was exempt.
by arf30
Sat Dec 22, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges on Chase Credit Card -- Chase unresponsive
Replies: 19
Views: 3643

Re: Fraudulent charges on Chase Credit Card -- Chase unresponsive

Probably preaching to the choir here but I have transaction alerts on all my cards and bank accounts. Helps catch fraud as early as possible, and accidents like when the waiter puts an extra zero on your bill.
by arf30
Sat Dec 22, 2018 1:35 am
Forum: Personal Investments
Topic: Have you moved to ETF's? Why or why not?
Replies: 84
Views: 11458

Re: Have you moved to ETF's? Why or why not?

I don't really care about bid/ask spread and deviation from nav, but I do care about auto investing and buying fractional shares, so I stick with mutual funds.
by arf30
Fri Dec 21, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Physical Banking - Any benefits anymore?
Replies: 142
Views: 9934

Re: Physical Banking - Any benefits anymore?

Definitely jealous of people with good local credit unions, the ones in North Jersey are mostly crap.
by arf30
Fri Dec 21, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3900
Views: 723599

Re: What's Your Credit Card Rewards Strategy?

That makes sense, thanks.
by arf30
Fri Dec 21, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3900
Views: 723599

Re: What's Your Credit Card Rewards Strategy?

How much are people with AMEX gold spending on it? It looks like you need to spend at least $12,500/year or $1,040/mo on groceries and dining just to break even vs a regular 2% cash back card, which seems pretty high.
by arf30
Fri Dec 21, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: brick-and-mortar vs online bank
Replies: 50
Views: 2795

Re: brick-and-mortar vs online bank

The B&M + online combo is pretty popular these days, I see people doing it two ways: 1. B&M as primary checking (using the low end account), online bank for ATM refunds, free checks, high interest savings (ie. Chase + Schwab) 2. Online as primary checking/savings, B&M with low minimum balance requir...
by arf30
Fri Dec 21, 2018 8:30 am
Forum: Personal Investments
Topic: Stick with Fidelity or open Vanguard account?
Replies: 34
Views: 1779

Re: Stick with Fidelity or open Vanguard account?

For tax efficiency I use Vanguard for mutual funds in a taxable brokerage, Fidelity for all retirement accounts (IRAs, 401k, HSA). If I did taxable investing at Fidelity I'd use ETFs, but I'm not an ETF guy.
by arf30
Thu Dec 20, 2018 1:01 pm
Forum: Personal Investments
Topic: Fidelity and iShares
Replies: 12
Views: 1016

Re: Fidelity and iShares

When does the Vanguard patent on mutual fund and ETF being parts of the same entity expire? When it does expire maybe Fidelity will do the same with their low cost index funds. The VIPERs patent expires March 2021, but I'm not sure existing funds can restructure without triggering massive capital g...
by arf30
Thu Dec 20, 2018 11:11 am
Forum: Personal Investments
Topic: Fidelity and iShares
Replies: 12
Views: 1016

Re: Fidelity and iShares

The ETFs will be unquestionably more tax efficient in a standard brokerage account. I've got FZROX in my HSA and Roth IRA and they've already distributed significant short and long term capital gains, recently on 12/14. This is fine for retirement accounts, but I wouldn't want to end up stuck with t...
by arf30
Thu Dec 20, 2018 10:52 am
Forum: Personal Investments
Topic: VUBFX (VUSFX admiral) vs. VMMXX [Vanguard Ultra-short bond vs. Prime money market]
Replies: 19
Views: 3425

Re: VUBFX (VUSFX admiral) vs. VMMXX [Vanguard Ultra-short bond vs. Prime money market]

How does Vanguard federal money market (VMFXX) which is the settlement account differ from Vanguard treasury money market (VUSXX)- the yields appear to be nearly identical (2.24% for VMFXX and 2.25% for VUSXX) - why not just use the settlement account rather than opening up the treasury money marke...
by arf30
Thu Dec 20, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 781
Views: 86846

Re: Fidelity as a one stop shop

Fidelity's credit card is 2% cash back on all categories. I've asked above, I'll ask again. Do you have a link to a card I can apply for that has > 2% cash back on general spend? If so, I want to sign up. Please provide a link to a credit card signup. I use the Fidelity card myself, but - * Alliant...
by arf30
Wed Dec 19, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 781
Views: 86846

Re: Fidelity as a one stop shop

Does it concern any of you guys that the CMA/"checking" account is directly linked to the brokerage account, whether by explicit overdraft protection or not? Not only is a one-stop shop equal to "putting all your eggs in one basket", but now there's even a direct linkage between a checking account ...
by arf30
Wed Dec 19, 2018 11:12 am
Forum: Personal Investments
Topic: VUBFX (VUSFX admiral) vs. VMMXX [Vanguard Ultra-short bond vs. Prime money market]
Replies: 19
Views: 3425

Re: VUBFX (VUSFX admiral) vs. VMMXX [Vanguard Ultra-short bond vs. Prime money market]

Can you elaborate on why the Treasury fund (VUSXX) is a better option than the Prime? It seems Prime performs better. It's 100% state tax exempt, so it will have a higher after tax yield than prime for those who pay state taxes. It also holds much higher quality bonds (US Treasuries) than prime MM.
by arf30
Wed Dec 19, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 781
Views: 86846

Re: Fidelity as a one stop shop

The advantage of the Fidelity account is you can get that 2% savings/checking without the 6 transaction limit that real savings accounts have. Drawback is it's not FDIC.
by arf30
Tue Dec 18, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard mobile check deposit
Replies: 33
Views: 3946

Re: Vanguard mobile check deposit

Doesn't work on android, shows a generic "error" popup dialog when selecting an account. And wow, never installed the Vanguard app before but boy is it outdated looking.
by arf30
Mon Dec 17, 2018 11:04 am
Forum: Personal Investments
Topic: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?
Replies: 54
Views: 9499

Re: Can no longer invest in Vanguard admiral funds in Chase account. Suggestions?

Has anyone tried this lately? Admiral funds are now available in lots of 3rd party brokerages.
by arf30
Mon Dec 17, 2018 8:38 am
Forum: Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 101
Views: 18919

Re: Fidelity Money Market Funds for everyday expenses

That is why the SPRXX I had in it (purchased manualy) did not get sold when cash was needed in the CMA. And why you need to use the brokerage account with automatic overdraft to accomplish what many of us are doing. Something is up with your CMA, SPRXX is sold in mine without setting up overdraft o...
by arf30
Sun Dec 16, 2018 1:11 pm
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 89
Views: 5821

Re: [Anyone drop cable for YouTube TV?]

Do any of these streaming TV services allow you to watch in 2 places at once? My retired parents are paying $400/mo for the triple play between their main house and beach condo (which they visit a few times per month) - would be nice to set them up with something like this, except these services all...
by arf30
Sun Dec 16, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 781
Views: 86846

Re: Fidelity as a one stop shop

The last time I checked (if there are no funds in the CMA) check and ACH debits in the CMA can be satisfied by "overdraft" from your brokerage account. But ATM withdrawals cannot -- the reason given was that there is "no enough time for approval". Yup, that'll still happen. Only workaround is to ke...
by arf30
Sun Dec 16, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1895

Re: Moving from Schwab to another bank

If you need more cash than an ATM can give with Schwab or Fidelity you can go to the teller at any bank and ask for a cash advance with your debit card, and they'll waive any fees.

Or keep a low end account at a local CU for cash transactions.
by arf30
Sat Dec 15, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 781
Views: 86846

Re: Fidelity as a one stop shop

My experience with CMA is that the default sweep account is an FDIC-insured ultra-low-interest account, not SPRXX that hotpancakes uses or FCFXX that I use. The move from cash to higher interest MMF has to be manually initiated. Is there an automation mechanism that I missed? You're right, but some...
by arf30
Fri Dec 14, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1895

Re: Moving from Schwab to another bank

The main strengths of Alliant is they allow cash deposits through the ATM coop network, decent rewards cards, and competitive savings. Downsides are no shared no branching, the FTF, and outdated billpay.
by arf30
Fri Dec 14, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1895

Re: Moving from Schwab to another bank

mptfan wrote:
Fri Dec 14, 2018 4:41 pm
Does Alliant reimburse foreign ATM fees?
Yes, but there's a 1% FTF.
by arf30
Fri Dec 14, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Schwab to another bank
Replies: 36
Views: 1895

Re: Moving from Schwab to another bank

Almost every B&M bank has a "high end" checking product that waives most of the fees, including ATM, but the catch you need to keep a large amount of assets or deposit with the bank to qualify (Wells Portfolio, Chase Private Client, etc). Sometimes I think about switching for the warm fuzzy feeling ...
by arf30
Fri Dec 14, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Simple checking account?
Replies: 9
Views: 967

Re: Anyone have a Simple checking account?

It's targeted at young people - slick app and website with minimal feature set, small ATM network with no refunds, no check writing, they use a 3rd party bank behind the scenes which can cause transaction issues.
by arf30
Fri Dec 14, 2018 9:05 am
Forum: Investing - Theory, News & General
Topic: Investing in Vanguard funds via Fidelity
Replies: 30
Views: 6183

Re: Investing in Vanguard funds via Fidelity

Looks like I can enter VTSAX (total market) and VMMXX (prime MM) in the trade ticket at Fidelity now, both show $2,500 minimums (which might be a mistake). I haven't clicked the buy button to see what fees Fidelity will try to add. Entering VMFXX (gov MM) still returns the "this is an advisor fund o...
by arf30
Thu Dec 13, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 11317

Re: Robinhood to launch 3% Checking & Savings Accounts

People who don't use smartphones are a shrinking demographic (sorry Dad) and not who this product is targeted at. If the checking account is really 3% it could be interesting if they can sort out their customer service and technical glitches.
by arf30
Wed Dec 12, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Anyone upgrading to sapphire banking at chase?
Replies: 12
Views: 1833

Re: Anyone upgrading to sapphire banking at chase?

don't want to do it to switch my funds from Admiral to Investor shares due to the higher expense ratios. Vanguard is rolling out Admiral funds to everyone, Chase should have them soon (Schwab and ETrade already have them). Investor share funds are closed for those funds Where in the world can I fin...
by arf30
Wed Dec 12, 2018 7:30 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 21464

Re: What Happened to you during the Financial crisis of 2007–2008

Was in my mid to late 20s working a corporate job with only a 401k for investments. Somehow I was only vaguely aware there was a crisis, my company didn't really lay anyone off and my circle of friends didn't watch the news. Ended up buying a house in 2009 when housing was suddenly in my price range...
by arf30
Mon Dec 10, 2018 9:06 pm
Forum: Personal Investments
Topic: Should I mess around with my taxable account?
Replies: 2
Views: 511

Re: Should I mess around with my taxable account?

Sell the bonds in taxable since they're not tax efficient and their NAV probably hasn't changed much. Sell anything else with a loss or minimal gains. Don't worry about the rest. Buy VTI in taxable and VTI/AGG (or BND) in IRAs to reach the correct asset allocation. Hold your house fund in high yield...
by arf30
Mon Dec 10, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 225
Views: 29339

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

I once overhead a previous boss check his BoA checking account balance on speakerphone in his office - he had over 500k in it. The C-Suite were all with Merrill Lynch private banking, so I'm sure it was just pocket change to him.
by arf30
Mon Dec 10, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Article: Your love of index funds is terrible for our economy
Replies: 62
Views: 7532

Re: Article: Your love of index funds is terrible for our economy

Your love of index funds is terrible for our ${company that sells active investments}
by arf30
Mon Dec 10, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 114
Views: 9104

Re: Electric bill with LED

We gradually migrated over to LED bulbs as the old ones burned out, no difference in the electric bill that I can tell.
by arf30
Sun Dec 09, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: T-Mobile MONEY
Replies: 4
Views: 608

Re: T-Mobile MONEY

Requires TMobile postpaid service and direct deposit to qualify for the 4%, only up to $3,000. Looks very barebones, customer service farmed out to a 3rd party and support not available in TMo stores. Probably targeted at students/young people to keep them on TMobile service and make a few bucks off...
by arf30
Sat Dec 08, 2018 12:59 pm
Forum: Personal Investments
Topic: Fidelity equivalent of Vanguard Admiralty?
Replies: 4
Views: 460

Re: Fidelity equivalent of Vanguard Admiralty?

Brit wrote:
Sat Dec 08, 2018 12:54 pm
Have IBM 401k which is all in Fido, and it strikes me that I could possibly reduce annual expenses.
IBM 401k has Vanguard institutional target funds with very low expenses, look under "expanded choice mutual funds" - ie. "VANG INST TR 2050 (VTRLX)".
by arf30
Sat Dec 08, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3900
Views: 723599

Re: What's Your Credit Card Rewards Strategy?

Do you have to use BofA checking with platinum rewards? The cards are tempting but I've had issues with their incompetence and customer service in the past and would rather not use them for banking.
by arf30
Fri Dec 07, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1802
Views: 287236

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Chase can be aggressive with fees - if going for the bonus plan to keep the 75k in a money market fund, or at least 100k+ in equities.
by arf30
Fri Dec 07, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1802
Views: 287236

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

hailstate wrote:
Fri Dec 07, 2018 1:42 pm
-There is no fee to transfer assets out of your YouInvest account.
I'm not sure she was right about this one, unless this fee schedule is out of date - "$75 Applies when any securities are transferred out of the account. "