Search found 2210 matches

by indexfundfan
Thu Oct 18, 2007 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Moving Vanguard Mutual Funds over to Wells Fargo
Replies: 16
Views: 4418

Re: Followup on comments made

As far as I understand WF doesnt charge a penalty if you dont touch your account or buy/sell IF you are in PMA account with over 25,000. Is this correct? The 25k is the trigger for free trades. The PMA relationship avoids the maintenance fee. There is no inactivity fee. https://www.wellsfargo.com/i...
by indexfundfan
Wed Oct 17, 2007 1:14 pm
Forum: Investing - Theory, News & General
Topic: Social Security increase announced
Replies: 14
Views: 3319

The government also announced Wednesday that nearly 12 million wage earners will pay higher taxes next year because the maximum amount of Social Security earnings subject to the payroll tax will rise from $97,500 currently to $102,000.
That's an increase of 4.62%.
by indexfundfan
Thu Oct 11, 2007 6:09 pm
Forum: Investing - Theory, News & General
Topic: Do you use 0% interest cash-advance to make money?
Replies: 62
Views: 17730

A big thank you to the many for not playing this free money game. Otherwise, there would be much fewer of these deals left. :wink:
by indexfundfan
Tue Oct 09, 2007 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on FSLXX
Replies: 12
Views: 6486

The main reason I asked about FSLXX is the "safety" of the investment. I looked at the annual report and saw that about 25% of the assets are invested in the repurchase agreements. With today's credit climate, I am little uneasy about putting 25% of my money in derivative instruments. Looking at so...
by indexfundfan
Tue Oct 09, 2007 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Opinion on FSLXX
Replies: 12
Views: 6486

FSLXX can be used as a "semi-sweep" money market fund: to satisfy a debit, redemptions from the fund is usually automatic; however if you have a credit balance, you have to manually buy FSLXX. Once or twice I made a mistake and bought something but forgot to sell some FSLXX to fund my trade. Fido c...
by indexfundfan
Tue Oct 09, 2007 11:39 am
Forum: Investing - Theory, News & General
Topic: Fidelity's puzzling new Income Replacement Funds
Replies: 17
Views: 5194

Edit: Opps, I see this scenario has been mentioned. Nevermind.

One example I can think of:

You take early retirement say at 50. You want your social security to kick in at 65. Then you might use of the these funds to supplement your income with a target date given by the year you reach 65.
by indexfundfan
Tue Oct 09, 2007 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Opinion on FSLXX
Replies: 12
Views: 6486

The only gotcha I'm aware of is that FSLXX may NOT be used as the core settlement account for Fido brokerage trades. So, when you buy or sell you have to make an extra trade from/to your core account (typically cash reserves but I think a muni option is available too). FSLXX can be used as a "semi-...
by indexfundfan
Mon Oct 08, 2007 5:25 pm
Forum: Investing - Theory, News & General
Topic: include stock options in AA?
Replies: 17
Views: 3162

You guys with employee options should consider hedging your exposure by selling long term call options. Unless you know something really valuable about your company, it doesn't make sense to have the idiosyncratic risk. Some (most?) companies restrict their employees from trading in any sort of opt...
by indexfundfan
Mon Oct 08, 2007 12:11 pm
Forum: Investing - Theory, News & General
Topic: Credit Card "Checks"
Replies: 25
Views: 4903

Back in 2002~2004 or so, BOA used to send these checks with 0% APR and no transfer fees to me. I would deposit them in a MMF and earn interest on them. Each month, I would just pay the minimum required (using an automatic recurring bill payment) until the 0% APR expired (typically after 10 months or...
by indexfundfan
Fri Oct 05, 2007 10:22 am
Forum: Investing - Theory, News & General
Topic: Auction Rate Securities vs. NY Money Market Fund
Replies: 2
Views: 1055

My experience [LINK] with California ARS / municipal resets is that the after-AMT/tax yields are higher than MMFs. Not sure why your experience is different. I purchased my municipal resets from Fidelity and I only use 7-day resets.
by indexfundfan
Tue Oct 02, 2007 9:37 am
Forum: Forum Issues and Administration
Topic: Extracting a Graphic from a PDF File
Replies: 27
Views: 7255

My experience is that if the PDF document is marked as "non printable" by the creator, the snapshot tool would not work. In that case, you will have to resort to using a screen capture.
by indexfundfan
Sat Sep 22, 2007 10:45 am
Forum: Investing - Theory, News & General
Topic: Comparing Zecco, BOA, and Wells Fargo on free trades
Replies: 7
Views: 2252

I use zecco. My only real complaint is it takes 2-3 days to ACH money from your bank into the account and the cash sweeps APR is peanuts, but I guess you get what you pay for :D. For those looking to invest under 25k, I highly recommend it. I mainly use the offering from Wells Fargo but I have also...
by indexfundfan
Fri Sep 14, 2007 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: looking for thoughts on my AA, especially the bond funds
Replies: 8
Views: 2136

I vote for Portfolio A. In addition to the points already raised, Port A offers you a better chance at rebalancing between equities and bonds w/o tax consequences. With Port B, this is harder.
by indexfundfan
Fri Sep 14, 2007 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Vangaurd.com
Replies: 6
Views: 2604

Vangaurd.com

Today, by mistake, I entered www.vangaurd.com to try to reach Vanguard. Interestingly, it also points to www.vanguard.com.

Just an interesting observation.
by indexfundfan
Fri Sep 14, 2007 10:57 am
Forum: Investing - Help with Personal Investments
Topic: How much is prime money market fund like a bank account?
Replies: 8
Views: 3587

seugene, to do all of what you wanted to do, the plain VMMXX in a mutual fund account wouldn't work. You need to open the VG Advantage account. But the current VG Advantage account is no advantage at all. You need to be Voyager Select ($500k min) to qualify and you still have to pay for this "privil...
by indexfundfan
Fri Sep 07, 2007 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Checking Account Alternatives
Replies: 86
Views: 31940

Not all MM funds qualify as core funds. Gotcha! Now a splitting hairs question about Fido MMFs... which one of the following is the better MMF as non-core? Fidelity Cash Reserves Fidelity Money Market Fund Select Money Market Fund I'm assuming there's something other than current yield to different...
by indexfundfan
Fri Sep 07, 2007 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Checking Account Alternatives
Replies: 86
Views: 31940

Not sure why you want to avoid the mySmartCash account. Reason 1: Simplicity - I want one account which serves all my cash management needs while earning MM yields. I do not want to separate cash management from cash parking, if you know what I mean. One account. Simple. Reason 2: Yield trust - I t...
by indexfundfan
Fri Sep 07, 2007 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Checking Account Alternatives
Replies: 86
Views: 31940

Mud & IndexFundFan, If I wanted to avoid the mySmart account and wanted to go with the old brokerage core account MMF route, are there any minimum balance requirements to: (1) open the account (2) maintain after opening the account (3) have/maintain in order to access debit card/check writing/bill ...
by indexfundfan
Fri Sep 07, 2007 2:36 am
Forum: Investing - Help with Personal Investments
Topic: Specific share ID method of redemptions: worth the bother?
Replies: 24
Views: 6008

DFielder wrote:I guess it's correct, then, that specific identification really only is an advantage for taxable accounts - is that correct?
Yes, this is correct. There is no advantage for tax-deferred accounts.
by indexfundfan
Thu Sep 06, 2007 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Specific share ID method of redemptions: worth the bother?
Replies: 24
Views: 6008

To throw in another consideration: Fidelity allows specific ID in their online system for both stocks and mutual funds. In future, Vanguard might upgrade their system to do just that (which I think is probably a matter of "when" not "if"). So, going the manual specific ID tracking might only be requ...
by indexfundfan
Thu Sep 06, 2007 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Checking Account Alternatives
Replies: 86
Views: 31940

I would be more comfortable with a MM Fund than a checking account because the fund's yield will be close to market returns for that asset class minus expense ratio, while the yield of the checking account is completely dependent on the whims of Fidelity. And you can do that by having a Fidelity MM...
by indexfundfan
Wed Sep 05, 2007 10:49 am
Forum: Investing - Theory, News & General
Topic: VG to reopen Healthcare, PM & Mining, PrimeCap, Explorer
Replies: 26
Views: 7694

VG to reopen Healthcare, PM & Mining, PrimeCap, Explorer

Vanguard to reopen Healthcare, PM & Mining, PrimeCap, Cap Opportunity and Explorer funds ... BUT you qualify only if you are a Flagship client.

Link HERE.
by indexfundfan
Sat Sep 01, 2007 12:23 am
Forum: Investing - Theory, News & General
Topic: Tune in at 11am to hear Bush's Homeowner Bail-out Plan
Replies: 71
Views: 19117

So, my wife and I refinanced and refused to go with one of those silly adjustable loans with the succor entry level rates and instead got a 10 year fixed. We pay more interest up front than the succor ARM's and now I'm supposed to pay even more (taxes) to bail out the idiots who took the sub-prime ...
by indexfundfan
Fri Aug 31, 2007 11:19 am
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

From observing the way the yields reset in the past few days, it appears that a current high yield ARS will get a lower yield in the next reset (and vice versa). My conjecture is that the current high yield one gets more bids, lowering the yield in the next cycle. People have noticed Muni's were a ...
by indexfundfan
Fri Aug 31, 2007 11:05 am
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

Re: I'm intrigued too...

Index- I find these intriguing too but a bit hard to understand. For example I can't understand why the rate varies so much from issuer to issuer when they are all rated the same. Should you then go for the highest one? But maybe these somehow have more risk. cheers grok Some suggest that the rate ...
by indexfundfan
Fri Aug 31, 2007 11:00 am
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

Phil, Your case is particularly good because there is only the fairly crappy 'investor' class muni MMF for PA. I'm in CA and in addition to the 'investor' class MMF, there is the $25k-min and $1m-min classes. I have made two bids so far but did not get in because my asking yield is higher than the c...
by indexfundfan
Thu Aug 30, 2007 11:47 am
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

Just to correct a misconception on municipal resets. After you purchase a reset, there is nothing more that you need to do. You do not have to manually rollover every week, i.e. no buying or selling each week. What happens every week is that you get paid and the rate resets. Of course if you want, y...
by indexfundfan
Wed Aug 29, 2007 1:58 pm
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

tfb, I also believe there is a little bit more risk. But, I think the following will mitigate that : o If there is a downgrade in credit quality, I can get out in not more than 7 days. Defaults typically happen only following a series of downgrades and this can only happen in a much longer time peri...
by indexfundfan
Wed Aug 29, 2007 12:22 pm
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

Some additional information on municipal resets:

http://www.indextown.com/archives/2007/ ... ad-of-mmf/

Hope it will be useful.
by indexfundfan
Wed Aug 29, 2007 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Help...How to invest in mining/metals
Replies: 9
Views: 2672

You can also take a look at GDX. This one only invests in gold mining companies.
by indexfundfan
Tue Aug 28, 2007 1:11 pm
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

Look at Fido's Tax Exempt MM funds again. They recently introduced three levels. The lowest which can be used as "core" funds has a low minimum. A higher level with $25K minimum and if you have $1 million you can use their institutional. The yield goes up ~10 or 15 basis points at each level. http:...
by indexfundfan
Tue Aug 28, 2007 10:21 am
Forum: Investing - Theory, News & General
Topic: Cash management using municipal resets instead of MMFs
Replies: 39
Views: 12257

Cash management using municipal resets instead of MMFs

Hi, Does anyone invest in municipal resets? I keep quite a huge chunk of cash in FSPXX (Fido CA AMT-free MMF) and VCTXX (Vanguard CA MMF). I am considering moving part of it into 7-day CA AMT-free ARS. From my understanding, the main pro is the higher yield. The MMF yields me around 3.5% APY after A...
by indexfundfan
Sat Aug 25, 2007 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: [poll] phones: cell, landline, or both?
Replies: 54
Views: 16080

$99 a year is the cheapest I could find. If someone knows of a cheaper way to have an emergency cell phone, please let me know. I have used prepaid service with Tracfone, Virgin Mobile and eventually settled with T-mobile. In terms of running cost, it is the lowest if you are an infrequent user. Af...
by indexfundfan
Sat Aug 25, 2007 11:14 pm
Forum: Investing - Theory, News & General
Topic: Possible TD Ameritrade / E*Trade Merger
Replies: 24
Views: 5552

indexfundfan, Yes, Fidelity reimbursed the $60 fee. This was just last month so I assume it would still be their policy. I transferred 38K to an existing joint taxable Fidelity account. Fidelity handled the whole process, I never had to contact e*TRADE. I filled out Fidelity's forms and sent them t...
by indexfundfan
Thu Aug 23, 2007 10:51 am
Forum: Investing - Theory, News & General
Topic: Possible TD Ameritrade / E*Trade Merger
Replies: 24
Views: 5552

SpringMan wrote:It was worth it and as mentioned in my previous post, Fido reimbursed the $60 fee.
Regards,
Are you saying Fido reimbursed the transfer fee? This is interesting. Is this on a case-by-case basis?
by indexfundfan
Wed Aug 22, 2007 12:38 am
Forum: Investing - Theory, News & General
Topic: Vanguard's FundAccess
Replies: 13
Views: 4993

$35 is the old fee. The fee is now $20 for Voyagers and above.
by indexfundfan
Tue Aug 21, 2007 3:39 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Reports 23% Gain for Year
Replies: 15
Views: 3674

Harvard Endowment Reports 23% Gain for Year

The Harvard Management Company, which oversees the university’s endowment, reported today that the endowment had posted a 23 percent gain for the fiscal year ended June 30. That brought the value of the nation’s largest university endowment, now overseen by Mohamed A. El-Erian, who formerly ran Pim...
by indexfundfan
Sun Aug 19, 2007 4:58 pm
Forum: Investing - Theory, News & General
Topic: New Voyager
Replies: 34
Views: 10702

by indexfundfan
Fri Aug 17, 2007 5:46 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds move contrary to treasuries -- again
Replies: 28
Views: 6933

stratton wrote: There is no muni etf right this moment. There are 15 in process. The WSJ has a bond info page of that is supposed to be free access. See the Tax Exempt section, but it isn't updated until the end of the day.

Paul
Thanks!
by indexfundfan
Fri Aug 17, 2007 2:04 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds move contrary to treasuries -- again
Replies: 28
Views: 6933

Can anyone tell me where can I get a real-time indicator of the general pricing of munis when the market is open? If there is an ETF I could look at it but muni ETFs are still a few weeks (or months) away.

Thanks.
by indexfundfan
Thu Aug 16, 2007 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Wash Sale rule
Replies: 12
Views: 2528

Ken Schwartz wrote:You can sell the shares you bought a few months back and avoid a wash sale, but not the shares you bought July 31.

Best wishes,
Ken
I thought if you liquidate the ENTIRE position, wait for 31 days to buy back, you should be OK with the wash sale rules?
by indexfundfan
Tue Aug 14, 2007 2:00 pm
Forum: Investing - Theory, News & General
Topic: Bullied by a Fidelity rep! Grrrr
Replies: 31
Views: 9340

I think your case is probably atypical.

I have spoken to many Fidelity reps on the phone and find them generally to be very polite and professional, probably more so that the Voyager reps I encounter on the Vanguard line.
by indexfundfan
Mon Aug 13, 2007 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account Transfer Question
Replies: 6
Views: 1532

Ken Schwartz wrote:Here is the Fidelity Brokerage Commission and Fee Schedule.

Best wishes,
Ken
For non-IRA, the fee is not listed in the doc and presumably zero?
by indexfundfan
Thu Aug 09, 2007 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Switching Brokerage Accounts.
Replies: 6
Views: 1711

Unless this has changed recently, Scottrade is one of the few brokerages that do NOT charge a transfer out fee.
by indexfundfan
Mon Aug 06, 2007 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help on Section 409A
Replies: 0
Views: 677

Help on Section 409A

I have been trying to gather more information on the implications and latest news of Section 409A with regards to discounted stock options. I would appreciate if someone knowledgeable can point me to a good source.

Thanks a lot!
by indexfundfan
Wed Jul 18, 2007 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Specific Share Identification for Mutual Funds at Vanguard
Replies: 73
Views: 29394

Good discussion.

I understand that once you made specific lot sale (not from VBS), Vanguard's software would not track the correct cost basis for you and you will have to track it yourself. True?
by indexfundfan
Tue Jul 17, 2007 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring funds from a brokerage to Vanguard
Replies: 4
Views: 1160

The brokerage probably will charge an exit fee. If so, make sure you have money to pay for this in the account or the transfer might be delayed or they might just decide (unlikely but possible) to liquidate some of your funds to pay for the fee (taxable event).
by indexfundfan
Tue Jul 10, 2007 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Which Utah 529 Age-Based Option Do You Like?
Replies: 28
Views: 12551

It has been mentioned before, but bears repeating: The Utah plans reports actual number of shares in each Vanguard fund that your account holds. Fees are deducted by removing shares of your fund. The Ohio plan does not do this kind of accounting, so it's like the underlying assets are wrapped in an...
by indexfundfan
Tue Jul 10, 2007 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Which Utah 529 Age-Based Option Do You Like?
Replies: 28
Views: 12551

Re: Which Utah 529 Age-Based Option Do You Like?

I'm a big fan of the Utah 529 (UESP), because it provides the lowest cost access to Vanguard funds, even lower than the Vanguard 529 program in Nevada. I've been in the Diversified-A age-based option. Because we were able to open my son's 529 with a $120,000 contribution, we pay just 0.085% fund ex...
by indexfundfan
Wed Jul 04, 2007 3:02 am
Forum: Investing - Help with Personal Investments
Topic: Does VG issue a Form 1099-B for MM Fund Distributions?
Replies: 12
Views: 3583

since the money market fund is always priced at a dollar, all the sales would be at zero gain or loss. Brokerages will not waste the time to issue 1099's for items with zero gain or loss. Interestingly, when I had an account with Brownco, my transactions in BGAXX (a money market fund) are listed in...