Search found 5338 matches

by protagonist
Tue Jun 12, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Maturing Credit Union 3% CD's this year
Replies: 52
Views: 5877

Re: Maturing Credit Union 3% CD's this year

You can add beneficiaries to CDs at NWFCU which will let you cover more than $250K with insurance. That is true in most institutions....you have to do separate "POD" accounts. It does not work for money in IRA accounts. Again, I am pretty sure that The "no EWP" policy at NWFCU for seniors only appl...
by protagonist
Sun Jun 10, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 576170

Re: What's Your Credit Card Rewards Strategy?

1) 30 days should be enough 2) You convert to a Chase Freedom for more 5x bandwidth. Your everyday unbonused spend should go on AMEX Blue Business Plus 3) Highly unlikely Thank you, Jags4186, It's an interesting idea to have 2 x Chase Freedom. A large part of my 5x spending goes into Amazon Gift Ca...
by protagonist
Sun Jun 10, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Unnecessary Complexity? Your thoughts please.
Replies: 13
Views: 1405

Re: Unnecessary Complexity? Your thoughts please.

Other than the fact that there is a higher expense ratio for the mutual funds funds as opposed to the ETF's, of what benefit is it to slice and dice, adding complexity where one should seek simplicity? Thanks! There is no valid statistical basis for either decision. Any future predictions are based...
by protagonist
Sun Jun 10, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Multi-Asset vs. Simple Portfolio, 1970-2017
Replies: 37
Views: 3274

Re: Multi-Asset vs. Simple Portfolio, 1970-2017

1926-1998, 1922-2007, 1926-2009, 1929-2008. Four periods of time. The shortest is 73 years long, and they have 70 years of overlap. And yet the average return of the US stock market over those four periods of time varied from 9% to 11%, depending on just a few years' change in endpoints. We shouldn...
by protagonist
Fri Jun 08, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Maturing Credit Union 3% CD's this year
Replies: 52
Views: 5877

Re: Maturing Credit Union 3% CD's this year

No penalty for early withdrawal for any reason? I'll call on Monday. Thanks I believe that is only the case for CDs held by Heritage Club members (translate: old folks like me) in IRA accounts. I'm almost certain of this. To keep it insured, you cannot invest more than would leave you $250K at matu...
by protagonist
Fri Jun 08, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 469
Views: 68301

Re: 2-year CDs at Vanguard and Fidelity Today

Ignore this post.

(Nothing substantial to add....I just want the thread to pop up when I click on "your posts".)
by protagonist
Fri Jun 08, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 150
Views: 23722

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

During this year's annual Berkshire Hathaway meeting, Buffett said: "Bonds are a terrible investment at anywhere near current yields.” He continued, “The only time bonds were interesting was in the early to mid-1980’s" So what should we invest in besides stocks? Completely agree, but I don't think ...
by protagonist
Mon Jun 04, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 13154

Re: To be or not to be complex, that is the question

Bogleheads spend a lot of time talking about the benefits and drawbacks of simple portfolio strategies and “complex” strategies. Simple portfolios include Life-Strategy funds, 2-fund, 3-fund, Core-4 and other set and forget type strategies. Complex portfolios include factor tilts, commodity exposur...
by protagonist
Fri Jun 01, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Questions on 9 or 12 month CD
Replies: 17
Views: 1672

Re: Questions on 9 or 12 month CD

I have $25k that I don't need to touch for a while (and possibly another $25k) and rather than leave it in Ally's Online Savings account at 1.6% I thought a CD would be better. I did some reading in the Wiki about Brokered CDs and looked at https://www.depositaccounts.com/ for 9 and 12 month CDs. I...
by protagonist
Fri Jun 01, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Streaming TV and repeal of net neutrality
Replies: 15
Views: 1223

Re: Streaming TV and repeal of net neutrality

As of January 2018, Fifty senators endorsed a legislative measure to override the Federal Communications Commission's decision to deregulate the broadband industry. The Congressional Review Act paperwork was filed on May 9, 2018 which allowed the Senate to vote on the permanence of the new net neutr...
by protagonist
Thu May 31, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Economics 101. Naive question about stock and bond market correlation
Replies: 16
Views: 1602

Re: Economics 101. Naive question about stock and bond market correlation

Why would stock market prices negatively correlate with bond prices? They shouldn't. Negative correlation would mean one goes up and the other goes down. In actuality, they both trend upwards. I believe that what you are looking for is low correlation, not negative correlation. I completely agree w...
by protagonist
Thu May 31, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Economics 101. Naive question about stock and bond market correlation
Replies: 16
Views: 1602

Economics 101. Naive question about stock and bond market correlation

Why would stock market prices negatively correlate with bond prices? 1. When fed. funds rate increases, bond prices decline. That is simple to understand. 2. When fed. funds rate increases, consumer spending declines, the money supply becomes less liquid and fixed income vehicles become more desirab...
by protagonist
Wed May 30, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Beachbody Coach (multi level marketing)
Replies: 27
Views: 3050

Re: Beachbody Coach (multi level marketing)

I've observed similar situations where health care professionals join MLM schemes to sell something at least loosely related to their expertise. In general, it's obnoxious when someone who has joined an MLM program enthusiastically tries to get everyone they know (from relatives to acquaintances of...
by protagonist
Wed May 30, 2018 11:33 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 93
Views: 10369

Re: Yield Curves-Treasury, CD, AA/AAA muni

Just bought CD at Fido via secondary market maturing Oct 2020 at 2.93% yield to worst.
by protagonist
Wed May 30, 2018 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity MM Fund Q's
Replies: 19
Views: 2433

Re: Fidelity MM Fund Q's

In addition if your balance in FZDXX drops below 10K, you will be bumped out and back into a lower yielding core account. Possibly. I got a warning about that when my balance in SPRXX dropped below $2,500. I called Fidelity, and they said that didn't apply to me because I was a "private client", wh...
by protagonist
Wed May 30, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: get sued for posting nagative online review?
Replies: 64
Views: 7534

Re: get sued for posting nagative online review?

It's hard to believe anything you read online, particularly when money is involved. People are far more likely to post negative versus positive reviews, and there are all sorts of ways to game the review system. This site may help. I use it because I don't know what else to trust. https://www.fakes...
by protagonist
Wed May 30, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: get sued for posting nagative online review?
Replies: 64
Views: 7534

Re: get sued for posting nagative online review?

1. Anybody can sue somebody and lots of lawyers will eagerly take their money. It doesn't mean they will collect. I recall the psychic who sued a doctor because she claimed she lost her psychic powers after an MRI and could no longer work. That didn't stop me from reading MRIs. 2. 330 million Ameri...
by protagonist
Tue May 29, 2018 10:32 pm
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 18766

Re: Buy on Really Bad Days, Sell on Really Good Days?

What if the market goes into a long protracted slump and you buy on all the bad days? Eventually you might go broke. You could have to wait a LONG time for a rebound, if one happens within your lifetime. Think Japan since the Nikkei peaked. Or potentially worse. And though the market rebounded nicel...
by protagonist
Tue May 29, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity MM Fund Q's
Replies: 19
Views: 2433

Re: Fidelity MM Fund Q's

It looks like I'm currently sitting in SPAXX which is showing a 7 day yield of 1.33% or so. I assume it would be okay to move to FZDXX which is showing a 7 day yield of 1.80%? Is FZDXX much more risky than SPAXX? Seems like a decent jump up on yield. SHV is a treasury bond fund so it can lose money...
by protagonist
Tue May 29, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Beachbody Coach (multi level marketing)
Replies: 27
Views: 3050

Re: Beachbody Coach (multi level marketing)

Being a coach basically means she recruits people to gather a team and then get those people to be coaches and so on. Points or rewards are earned and that’s how income is generated. She purchases products like bars and shakes for her own use which are quality products and comparable in price to co...
by protagonist
Tue May 29, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: get sued for posting nagative online review?
Replies: 64
Views: 7534

Re: get sued for posting nagative online review?

1. Anybody can sue somebody and lots of lawyers will eagerly take their money. It doesn't mean they will collect. I recall the psychic who sued a doctor because she claimed she lost her psychic powers after an MRI and could no longer work. That didn't stop me from reading MRIs. 2. 330 million Americ...
by protagonist
Tue May 29, 2018 9:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1552543

Re: U.S. stocks in freefall

Been watching alot of financial news over the years. Half of the experts say the stock market is going to go down. The other half say the stock market is going to go up. They are all correct. No, they are all wrong. None of them have a clue. https://www.newyorker.com/magazine/2005/12/05/everybodys-...
by protagonist
Sat May 26, 2018 6:35 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Do you think this is a wise strategy? I think you are more willing to work for these deals than I am at this point. As I recall, you got in on the last 4% 5-year CD deal that came around, which required joining another credit union, doing an early withdrawal, and doing the IRA transfer. I was too l...
by protagonist
Fri May 25, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 11
Views: 2989

Re: FZDXX- 1.81%. Security?

FZFXX has ~50% in U.S. Treasuries. E/R = 42bps FZDXX has ~30% in CDs and ~30% in commercial paper. E/R = 0.3% So, FZDXX is a little more risky with lower ER which results in higher yield. Neither is FDIC insured. But I would consider both as very safe. As an alternative, for virtually no risk and a...
by protagonist
Fri May 25, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Great! Thanks for the details, Kevin! Perhaps with your permission I will copy this record and email it to them if they tell me the same thing again. (not mentioning you by name of course). First ask to talk to IRA specialist--maybe ask if the person I named still works there, and if you can talk t...
by protagonist
Fri May 25, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 11
Views: 2989

Re: FZDXX- 1.81%. Security?

My understanding is that you can buy FZDXX with an initial deposit of $100K, after which there is no minimum balance and no other disadvantages vs. FZFXX. I don't think this is true. Might want to call FIDO to verify. I think you are right, and I was given wrong information by the Fidelity rep. I s...
by protagonist
Fri May 25, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 11
Views: 2989

Re: FZDXX- 1.81%. Security?

FZFXX has ~50% in U.S. Treasuries. E/R = 42bps FZDXX has ~30% in CDs and ~30% in commercial paper. E/R = 0.3% So, FZDXX is a little more risky with lower ER which results in higher yield. Neither is FDIC insured. But I would consider both as very safe. As an alternative, for virtually no risk and a...
by protagonist
Thu May 24, 2018 11:12 pm
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]
Replies: 11
Views: 2989

FZDXX- 1.81%. Security? [Fidelity Treasury Money Market]

Today I moved all my cash in Fidelity from FZFXX (Fidelity Treasury MM Fund- 1.37% yield) to FZDXX (Fidelity MM Premium Class- 1.81%). My understanding is that you can buy FZDXX with an initial deposit of $100K, after which there is no minimum balance and no other disadvantages vs. FZFXX. I was told...
by protagonist
Thu May 24, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

I don't know how you managed to do a direct transfer into an IRA at Achieva if you did not have one before. I am now a member and I went online to see if I could open an IRA. There are no links to open any accounts that I could find on their website...no links to forms either. I logged in and only ...
by protagonist
Thu May 24, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

I dug out my disclosure for one of my Achieva CU CDs (luckily easy to find), and it turns out that this is one of the CUs that waives the EWP if you are age 59 1/2 or older! When I called the rep, she first mentioned the 180 days of interest EWP, but then I mentioned the age exception, she checked ...
by protagonist
Thu May 24, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

Happy to see that Achieva has already closed out my two CDs at 2.71% APY and opened the one at 4.2% APY. That was fast and easy. Kevin Fantastic! Congratulations! I don't know how you originally managed to do a direct transfer into an IRA at Achieva if you did not have one before. I am now a member...
by protagonist
Thu May 24, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 392

Re: Clarification of IRA transfer/rollover rules.

Apparently yes, if I was given correct info. The receiving credit union does not accept a direct transfer into an IRA because they said they cannot open an IRA account until the funds are present in the institution. Thus, I assume due to primitive technology or whatever, one cannot transfer funds i...
by protagonist
Thu May 24, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 392

Re: Clarification of IRA transfer/rollover rules.

Have the check made out to "<the institution> FBO <your name>". [FBO = For Benefit Of] Then deposit the check without taking possession of any of the money. Also, when taking a check from an Employer plan with the required withholding, one can still deposit the full amount into the new IRA, using c...
by protagonist
Thu May 24, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 392

Re: Clarification of IRA transfer/rollover rules.

It seems like you are going to a lot of unnecessary trouble - essentially moving the money 3 times instead of once. Is that a reason for this? Apparently yes, if I was given correct info. The receiving credit union does not accept a direct transfer into an IRA because they said they cannot open an ...
by protagonist
Thu May 24, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4904

Re: Fear vs. reality. Don't worry. Be happy.

I can't fathom that the annual medical costs for "90% of retirees" is less than $2,000. Balderdash. Mine are. I assume they are not counting Medicare premiums. Sure - SOME people will have less than $2K/yr OOP medical expenses (not including premiums) in retirement. 90%?! No freaking way. Would lov...
by protagonist
Thu May 24, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4904

Re: Fear vs. reality. Don't worry. Be happy.

RetireBy55 wrote:
Thu May 24, 2018 5:24 pm
I can't fathom that the annual medical costs for "90% of retirees" is less than $2,000. Balderdash.
Mine are.

I assume they are not counting Medicare premiums.
by protagonist
Thu May 24, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: Clarification of IRA transfer/rollover rules.
Replies: 8
Views: 392

Clarification of IRA transfer/rollover rules.

This is my understanding for complete or partial transfers of traditional IRA funds from one institution to another: 1. If it is handled completely by the banks IRA to IRA and money never touches your hands, it is not taxed and there are no fees involved other than those imposed by the financial ins...
by protagonist
Thu May 24, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4904

Re: Fear vs. reality. Don't worry. Be happy.

I have long thought the fear that many have in this forum of running out of money in retirement unless they retired with huge amounts was largely unfounded. I think the main problem is not with retired Bogleheads who fear that their $2.2 millions are not enough. The problem is with 65-year old empl...
by protagonist
Thu May 24, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

What are the membership requirements for Achieva if you don't live in Florida? It looks like there is still an easy membership option. Go to https://www.achievacu.com/Home/Membership/. Leave the county selection blank, and choose "No" for are you related to a current member (unless you are, then of...
by protagonist
Thu May 24, 2018 4:37 pm
Forum: Investing - Theory, News & General
Topic: Help me understand zero coupon bonds
Replies: 11
Views: 968

Re: Help me understand zero coupon bonds

Thanks. Got it. Forgive me for my ignorance.
by protagonist
Thu May 24, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Help me understand zero coupon bonds
Replies: 11
Views: 968

Help me understand zero coupon bonds

This is new territory for me. Fidelity is offering zero coupon treasuries maturing in 6 months at 2.09%. My understanding is that these would be state tax exempt. Under those circumstances they seem like a great place to stash cash that you may need 6 months from now but do not need immediately. But...
by protagonist
Thu May 24, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4904

Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]

I have long thought the fear that many have in this forum of running out of money in retirement unless they retired with huge amounts was largely unfounded. This from Fidelity: "While some people do run out of money, a person with less than $500,000 in savings, on average, spends just about a quarte...
by protagonist
Thu May 24, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

The biggest snag with Achieva CU is they will not lock in the rate when you apply. I had that confirmed by both a phone rep and a "supervisor". Thus transferring funds from another CD is risky and can incur an EWP, only to find that you are offered a lower rate at Achieva. Their other rates are not ...
by protagonist
Tue May 22, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 105
Views: 6083

Re: Road trip Newark NJ to Albany

I owned 400 shares of AAPL stock when it was at about 65 and sold it around 72.A brilliant move :moneybag At least you made a profit. I took a loss on one of those hot tech stocks. I forget which one....maybe Google or Apple or ? An automatic loss limit of 5 or 10% was triggered some time in the la...
by protagonist
Tue May 22, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5970

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

So what bets are you placing? I'm sticking with my strategy of focusing on the peaks of the steepest segments of the yield curves, using the fixed-income security that appears to provide the highest risk-adjusted return, and picking up good deals when they pop up. Consistent with this, I just bough...
by protagonist
Tue May 22, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: International travel for Christmas
Replies: 26
Views: 1726

Re: International travel for Christmas

And just so you know, Americans need a visa for Australia. Who would have guessed. That's nothing, just a few mouse clicks. America has a similar, er, shakedown, ESTA, and the Canadians just introduced their own version. So are you saying US citizens now need a visa to drive across the Canadian bor...
by protagonist
Tue May 22, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 5420

Re: How do you stop moving the goal posts.

It's much easier if you are committed to a plan that minimizes how much you have to think, because nothing you do will have a significant impact on reaching your goals. So if, for example, you decide to invest x % of your assets in a broad based index fund, you will not be susceptible to reacting to...
by protagonist
Tue May 22, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 30
Views: 3031

Re: Retiring in early 2019.

I look at it a little differently than some other folks. You say you need $32K/yr beyond social security. 1,200,000/32000= 37.5. So if you just kept up with inflation and if your assessment of your needs is realistic you would not run out of money until age 61+37.5= 98.5. That's pretty old, especial...
by protagonist
Tue May 22, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 105
Views: 6083

Re: Road trip Newark NJ to Albany

There's a pretty interesting town a few miles east of Newark and easily accessible by train. I forget its name. But if I remember correctly they have a baseball team, and I think Frank Sinatra and Billy Joel wrote songs about it. It's kind of like Albany but bigger. If you are flying from Californi...
by protagonist
Mon May 21, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 105
Views: 6083

Re: Road trip Newark NJ to Albany

hoops777 wrote:
Mon May 21, 2018 3:46 pm
Should we visit the Berkshires since we have added a couple of days?
Yes.