Search found 205 matches

by Stubbie
Fri Mar 15, 2024 6:52 am
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
Replies: 2106
Views: 391651

Re: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]

firebirdparts wrote: Fri Mar 15, 2024 6:47 am Yes, I am still looking for that dividend announcement! They don’t get in a hurry with communicating.
Didn't see an announcement but saw the distribution in my Schwab account this morning.
by Stubbie
Thu Mar 14, 2024 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 7041
Views: 878890

Re: Bank of America/Merrill Edge - Preferred Rewards

For those that held the Blackrock MM Funds in the Merrill account, USGO percentages are out for 2023. . TTTXX was at 94.07% and TFFXX was at 98.65%. It looks like the URL is the same as last year, so it might be a good idea to save a copy with your tax records since I'm not sure where the 2022 information can be accessed anymore. Sorry if this is a dumb question, but my (out of state) accountant thinks, even after reviewing the above link, that the Treasury portion of TTTXX is exempt from state taxes only in New York and California. Is that the case? If not, where can I find evidence that it's tax exempt elsewhere? I'm currently living in Washington, DC, and couldn't find anything online about whether Treasuries (or funds with earnings att...
by Stubbie
Tue Mar 12, 2024 6:43 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203360

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Even if the beneficiary has view/transact rights granted by the owner, this ceases at death. Once TD marks the owner as deceased, no one can view the account so print any holding details before calling. Even if a beneficiary has transact rights prior to death, the bonds can only be redeemed and cash transferred into the TD account or to the owner’s previously linked account. See this is the part I think is messed up. Especially prior mention of it taking 5 months. If a person is designated as beneficiary, it should just be a simple matter to provide Death Certificate, then within days, the money should be paid to the beneficiary. Just like an insurance policy. Our gov't is so messed up, it's ridiculous! This is exactly why I no longer have...
by Stubbie
Mon Mar 11, 2024 6:31 am
Forum: Personal Consumer Issues
Topic: Ooma Phone Service
Replies: 40
Views: 3425

Re: Ooma Phone Service

Used Ooma for home phone for many years after AT&T started jacking up their rates to ridiculous levels. It worked great for years. Was even able to send faxes over the VOIP line with no problems. Over time the call quality began to fade and customer service seemed to be totally outsourced. Finally ported my number out to a cheap cell phone plan just to hang onto it (have had it for 30 years). No regrets leaving Ooma.
If you are looking for an inexpensive home phone replacement and want to continue to use an actual home phone setup instead of a cell phone, check out StraightTalk's $15/month home phone setup or US Mobile's same.
by Stubbie
Sun Mar 10, 2024 2:32 pm
Forum: Investing - Theory, News & General
Topic: Any investors from the 1981 - 1984 time period here???
Replies: 36
Views: 4322

Re: Any investors from the 1981 - 1984 time period here???

Bought my first mutual fund from an advisor in 1986 when I opened up my first IRA. Shortly thereafter discovered Fidelity and no load funds. Soon after that opened a Vanguard mutual fund account. I've paid some hefty management fees over the years before I knew better but never again paid a load to buy a fund.
by Stubbie
Sat Mar 09, 2024 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008541

Re: Fidelity as a one stop shop

yogesh wrote: Sat Mar 09, 2024 11:25 am
PersonalFinanceJam wrote: Sat Mar 09, 2024 11:20 am
yogesh wrote: Sat Mar 09, 2024 11:08 am
How do you setup daily?
What if it fails due to insufficient amount?
Does it stop all recurring or continues with next?
I think you missed a step. At Fidelity there is an option to transfer the distributions from your holdings which go to the settlement fund to a different account. Including a linked bank account. This process can be set up to run daily. It’s not a fixed dollar amount but what ever distributions hit the settlement fund. All of this is set up through the normal transfer interface to move money between accounts.
That is brilliant
I learn something new every day here! Been a Fidelity client for decades and had never set this up. Just got it done.
Thank you!
by Stubbie
Fri Mar 08, 2024 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Can I splurge on a family vacation to Hawaii?
Replies: 56
Views: 4798

Re: Can I splurge on a family vacation to Hawaii?

Do it! You're covered. The family will be talking about this forever.
by Stubbie
Sun Mar 03, 2024 6:22 pm
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

Kevin M wrote: Sat Mar 02, 2024 4:48 pm
Stubbie wrote: Sat Mar 02, 2024 2:13 pm
Kevin M wrote: Sat Mar 02, 2024 10:13 am Hmm. Now when I look in Order Status for this account, I don't see the order. I went through the auction screens again and tried to place another order, and as expected, I got a warning that I had open orders, and was able to see the open order here and cancel it.
That sounds like routine Vanguard quirkiness.
Yep, one of several reasons I moved most accounts to Fido or Schwab.
I will be completing that process myself by mid year. No good reason to deal with the frustration of a quirky system when better options are available.
by Stubbie
Sat Mar 02, 2024 2:13 pm
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

Kevin M wrote: Sat Mar 02, 2024 10:13 am Hmm. Now when I look in Order Status for this account, I don't see the order. I went through the auction screens again and tried to place another order, and as expected, I got a warning that I had open orders, and was able to see the open order here and cancel it.
That sounds like routine Vanguard quirkiness.
by Stubbie
Mon Feb 26, 2024 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What's the best way to have federal taxes withheld so I don't have to pay the dreaded estimated taxes?
Replies: 70
Views: 9276

Re: What's the best way to have federal taxes withheld so I don't have to pay the dreaded estimated taxes?

JonFund wrote: Sun Feb 25, 2024 6:05 pm As a recent retiree, I find that not having any tax withheld, and doing quarterly estimates is actually the easiest, most efficient, and most accurate way to pay taxes.

Having some income sources (i.e., SS, pensions, etc) withheld and other investments not withheld, creates a mess.

My advise is keep it simple and do the quarterly estimates.
+1. This has been easiest for me also. I only have to track what I have already paid to the gov't in one place. To each his own though.
by Stubbie
Sat Feb 24, 2024 9:32 am
Forum: Personal Finance (Not Investing)
Topic: SS benefits - apply online, BUT still must go in to office
Replies: 18
Views: 1952

Re: SS benefits - apply online, BUT still must go in to office

Another great example of the random nature of dealing with our government entities.
by Stubbie
Mon Feb 12, 2024 1:09 pm
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

I have been building a TIPS ladder for the past 2 years and have read the pros and cons of the different strategies for filling the gap years of 2035 through 2039. Since, depending on inflation, TIPS and nominals have historically traded off on being the more advantageous investment, has anyone just gone ahead and filled those gap years with STRIPS? My thought is to buy the newly issued TIPS each year using the proceeds from the already owned STRIPS for that corresponding year. There are two risks with this strategy: 1) Interest rate risk, 2) unexpected inflation risk. In buying the 2040 TIPS with the intention of selling enough of it to buy the 2039 in Jan 2029, you eliminate the unexpected inflation risk, and the interest rate risk shoul...
by Stubbie
Mon Feb 12, 2024 10:08 am
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

I have been building a TIPS ladder for the past 2 years and have read the pros and cons of the different strategies for filling the gap years of 2035 through 2039. Since, depending on inflation, TIPS and nominals have historically traded off on being the more advantageous investment, has anyone just gone ahead and filled those gap years with STRIPS? My thought is to buy the newly issued TIPS each year using the proceeds from the already owned STRIPS for that corresponding year. Perhaps the relatively short holding period of the STRIPS would soften any huge difference in the TIPS and STRIPS return over that period of time?
by Stubbie
Mon Jan 29, 2024 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Managing your affairs when you live alone and have no family or true friends
Replies: 133
Views: 21637

Re: Managing your affairs when you live alone and have no family or true friends

In our area an Elder Law Attorney has been very helpful in planning for a situation such as yours. They are very knowledgeable about all resources for aging in place as well as facilities in our area. They will settle the estate with no assistance from any other friends or relatives if desired also (for a hefty fee, of course).
by Stubbie
Mon Jan 15, 2024 7:27 am
Forum: Personal Finance (Not Investing)
Topic: IRS statute of limitations
Replies: 12
Views: 2141

Re: IRS statute of limitations

plannerman wrote: Mon Jan 15, 2024 7:12 am I will add this. The payment never shower up in my IRS account, and furthermore, the IRS agents I talked to couldn't find it even after I sent them a copy of the canceled check with the IRS tracking number stamped on the front.
Wow! That is amazing. Sadly, this is what dealing with our government entities has come to. The IRS and Social Security/Medicare just seem to be totally overwhelmed. The VA has been for decades. It is a real shame that you need to get your congressman involved just to get any action at all. Most people would not take the time to do that and would endlessly struggle with the bureaucracy.
by Stubbie
Fri Jan 12, 2024 6:49 am
Forum: Investing - Theory, News & General
Topic: Now that long TIPS yields are 60 bp off their highs I will…
Replies: 2937
Views: 611710

Re: Now that long TIPS yields are 60 bp off their highs I will…

CraigTester wrote: Fri Jan 12, 2024 6:32 am
I guess the trick, as always, is to strike the right balance.

Is it better to have the result of the stock market return 30 years from now, or the result of 2% real, or continuous access to those funds.
Agreed. I am recently retired and have opted for about 50/50. I see inflation as my number one unknown danger during a hopefully long retirement. Between TIPS and social security at least part of my nest egg will be inflation adjusted. Hopefully the historic trend for equities will continue as well and we will come out ahead on the other half. If not, at least I know I have a basic income floor for the next 30 years.
by Stubbie
Tue Dec 19, 2023 10:18 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203360

Re: I Bonds Mega Thread (I Bond Heads Rejoice!)

Richard1580 wrote: Mon Dec 18, 2023 6:34 pm Interesting point. I suppose I still had some lingering faith that government agencies were not both incompetent and dysfunctional. TD has done a lot to dispel me of that notion. :oops:
I agree. I would love to have faith in our government run entities. All faith was dispelled in dealing with Social Security over the phone. Total incompetence or massive understaffing issues at TD would not be at all surprising.
by Stubbie
Sun Nov 05, 2023 7:07 am
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
Replies: 2106
Views: 391651

Re: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]

No one can predict the future but there is some history to guide us. The FED always gets the balancing act wrong. A "soft landing" is always the goal but hard to define. A poorly defined target is hard to hit accurately. One day all the indicators will turn negative and the FED will panic. They will start dropping rates quickly which should bode well for this fund and long term treasuries.
by Stubbie
Fri Sep 29, 2023 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 7041
Views: 878890

Re: Bank of America/Merrill Edge - Preferred Rewards

bbrock wrote: Thu Sep 28, 2023 8:13 pm
placeholder wrote: Thu Sep 28, 2023 6:51 pm
sailaway wrote: Thu Sep 28, 2023 12:41 pm I use a sharpie to make them, as I have 4 in my wallet, 1V and 1MC as owner and another set as DH's authorized user.
Even though one of my two red cards in mastercard I would still sometimes mix them so I wrote gas on that one as it's the only thing I use it for.
Any grand idea if you load your multiple CCR’s in your Apple Pay wallet on differentiating them?
The only way I've been able to do it is by the last 4 digits of the account number that appear on the stored image of the card. Just have to remember which card is which.
by Stubbie
Wed Sep 27, 2023 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008541

Re: Fidelity as a one stop shop

I have a CMA with a balance of $0 and a brokerage account with some cash separate form my investment accounts. I have never had a problem with checks, bill pay, ATM withdrawals, debit cards, etc. However, I am changing this to two CMA accounts, both with $0. I will be removing check writing from my current one, and use it for debit card, ATM, bill pay, and ACH. The new one will have check writing, and will only be used for check writing, and will not have overdraft protection. i will manually transfer money from the brokerage for each check. This is not ideal, but most bills are autopay, bill pay, ACH, so this is really for one off checks. There are several reasons I am doing this. One is that I have a large amount of cash in the brokerage...
by Stubbie
Fri Sep 08, 2023 6:36 am
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

I use my own spreadsheet to calculate the actual TIPS income, but it’s a hassle to keep updating it. I’ve asked Schwab to address this issue, but from their lukewarm response I am doubtful much will happen. One way to simplify the updates would be to derive the current inflation factors from the current reference CPI, so that you only have to change one number to update all your TIPS. What I do is I have the reference CPI at issuance for each of my TIPS in a column of the spreadsheet. The current reference CPI is in a single cell on the spreadsheet. Then by dividing the current reference CPI by reference CPI at issuance, I get the inflation factor for each TIPS. So to update all I need to change is that one figure, the current reference CP...
by Stubbie
Fri Sep 08, 2023 6:33 am
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
Replies: 2106
Views: 391651

Re: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]

firebirdparts wrote: Fri Sep 08, 2023 6:11 am
CletusCaddy wrote: Thu Sep 07, 2023 5:45 pm Interesting article on money flowing into long bonds:

https://www.morningstar.com/bonds/bond- ... going-long
Guilty.
Also guilty. Been gobbling them up as part of my rebalancing.
by Stubbie
Mon Aug 07, 2023 8:24 am
Forum: Personal Consumer Issues
Topic: Private School (Affordably)
Replies: 54
Views: 5620

Re: Private School (Affordably)

I have the same question, how is it possible at $5K? religious schools may offer discounted tuition, they are a no for me but I don't have a issue with others sending because they want to for that reason. It's a Catholic school, sorry I should have clarified in the original post! I'm in a LCOL city (Midwest). I can only think of one non-religious private school in my area that I'd consider and you're right, the prices are significantly higher as it's the top private school in the state with all of the city's wealthiest families. I'm personally not totally turned away by a Catholic school. I have family members and friends in the area (both of Catholic and non-Catholic faith) who have attended these schools and had very positive things to s...
by Stubbie
Mon Aug 07, 2023 7:38 am
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6651
Views: 1203360

Re: Selling I Bonds

TomatoTomahto wrote: Wed Aug 02, 2023 10:28 am
dbr wrote: Wed Aug 02, 2023 10:15 am Giving up real valued cash that lasts 30 years and is hard to replace in favor of a current money market rate may be short sighted.
Ceteris paribus, I agree, but I think I’ll sell I-bonds and empty out our HSA for simplification reasons. My wife is perfectly capable, but she is an odds on favorite to be a widow, and I don’t think these ancillary accounts are sufficiently useful to warrant their complications.
A BIG +1 here!
by Stubbie
Sun Jul 02, 2023 9:06 am
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

Kevin M wrote: Fri Jun 30, 2023 4:31 pm Still holding the ones purchased last year at 9+%, or whatever it was. Haven't paid attention lately, but plan is to sell them after 3 months of mediocre returns. I don't want any holdings at TD, and only jumped on that because it was irresistible.
Ditto this. Simplifying things for my wife. Reviewed all of our accounts with her and it was apparent that TD was going to cause the most issues after I am no longer handling the finances. Been migrating to TIPs at Fidelity.
by Stubbie
Thu Jun 29, 2023 6:37 am
Forum: Personal Investments
Topic: Finding the Financial Adviser Who Knows Taxes
Replies: 56
Views: 6567

Re: Finding the Financial Adviser Who Knows Taxes

hoofaman wrote: Sun Jun 25, 2023 1:52 pm I'm not familiar with Financial Advisors as I haven't used one, but how could they effectively do their job without understanding what would be tax optimal in your situation? Just seems like a weird situation
Because most of them are sales people on commission.
by Stubbie
Sat Jun 24, 2023 7:11 am
Forum: Personal Investments
Topic: Finding the Financial Adviser Who Knows Taxes
Replies: 56
Views: 6567

Re: Finding the Financial Adviser Who Knows Taxes

Allan Roth is the only true financial advisor I would use for tax strategy as well as a financial plan.
Mike Piper is the CPA I would use if he was available to me. You can learn a bunch just by reading Mike's books. Start with the one specifically about TAXES.
by Stubbie
Mon May 08, 2023 6:45 am
Forum: Personal Investments
Topic: I think it may be time to "retire".
Replies: 35
Views: 8442

Re: I think it may be time to "retire".

Congratulations! You are better prepared for retirement than 99% of Americans! Special congrats on having two fully launched educated kids. That is a rarity today also. Being single you have complete control over your spending. if you want to retire now, do it! Give a lot of thought to how you will spend all of your free time. I did a lot of this and rolled right into retirement with no issues. My wife didn't think about this at all beforehand and struggled with how to occupy her sudden abundance of time. BTW, I was also in IT. The first three months of not being on call 24/7 were pure bliss. I could literally feel the stress leaving my body daily. I am physically much healthier now than the last 10 years I was working. And obviously happie...
by Stubbie
Fri Apr 28, 2023 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Treating children financially equal
Replies: 259
Views: 21253

Re: Treating children financially equal

White Coat Investor wrote: Thu Apr 27, 2023 10:46 am Three things we have always emphasized to our kids:

# 1 Life isn't fair
# 2 You don't always get what you want (usually sung, a la The Rolling Stones)
# 3 You get what you get and you don't throw a fit

So while we don't intend to treat them dramatically differently financially, no way is it ever going to be perfectly fair and they better get used to it. They're all getting far more from us than we ever got from our parents. Be grateful for what you get.

Bottom line: I think you're doing fine and worrying about it too much. Certainly more than they are.
+1
Dr. Jim does it again!
Life isn't fair. The sooner a kid learns this and accepts it, the more content they will be.
by Stubbie
Fri Apr 21, 2023 6:24 am
Forum: Personal Investments
Topic: Fidelity Advisor?
Replies: 19
Views: 2479

Re: Fidelity Advisor?

Corporate cultures can change. I remember when Charles Schwab was regarded as a very investor friendly brokerage, when a new President took over and the founder stepped aside, the brokerage became much less investor friendly. As I recall, fees were hiked. The founder came back and brought the company back to a much better environment for the small investor. So Fidelity has always had Advisors but they were not pushy. I don't know, maybe something has changed in the company culture and the reps are becoming more aggressive. My take is that Fidelity realizes that in bad markets that investors will flee to Advisors looking for answers, I think they would rather have their customers flee to Fidelity Advisors than to competitor Advisors. I thin...
by Stubbie
Thu Apr 20, 2023 8:29 pm
Forum: Personal Consumer Issues
Topic: Most practical IT certifications
Replies: 21
Views: 2766

Re: Most practical IT certifications

Jeff113 wrote: Thu Apr 20, 2023 1:40 pm The CompTIA trifecta (A+, Network+, Security+) is a great set of certifications for a varied, entry-level skillset.
I second this. Would probably be the most helpful for the type of work you would be doing.
by Stubbie
Thu Apr 20, 2023 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Tough question regarding beneficiaries of will/trust
Replies: 35
Views: 3887

Re: Tough question regarding beneficiaries of will/trust

androiddd wrote: Wed Apr 19, 2023 5:18 pm Here is the situation: I am around 65, long-term partnered with my gf, have no children, and have two slightly younger siblings.
Having no children greatly simplifies this. Leave everything to the GF minus anything you want to leave to charity. GF has kids, they take priority for her, so her 20% to you should have no bearing on your situation. Leave your sibs out of it unless you give them equal amounts. Otherwise, it only causes trouble.
by Stubbie
Wed Apr 19, 2023 7:34 am
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

hudson wrote: Tue Apr 18, 2023 9:10 am Bottom Lines:
When will I get tired of buying individual treasuries? I'm not close yet; it's still fun;
I don't mind making a few clicks to help pay the next restaurant tip.
It's not unlike playing the credit card reward game. The small amounts become large amounts after a year.
I'm retired; it's my job until I get tired of it.
+1. Just like all of my retirement jobs!
by Stubbie
Wed Apr 19, 2023 7:10 am
Forum: Personal Investments
Topic: How to review recent T Bill Earnings?
Replies: 7
Views: 857

Re: How to review recent T Bill Earnings?

+1 for T-Bills on the secondary market. Balance your best rate and your maturity date.
by Stubbie
Fri Apr 14, 2023 6:56 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 136
Views: 29347

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

Jack FFR1846 wrote: Thu Apr 13, 2023 7:33 pm
Charles Joseph wrote: Thu Apr 13, 2023 5:37 pm With all risk factors considered, how could a single stock ever be a better investment than the total US market or the S&P 500?
I don't hold BRK because I think it will outperform the market. I do hold it because I believe it will perform about the same as the market. And it doesn't spill out taxable dividends that I don't want.
This is my rationale as well. I also want the annual invitation to Buffetfest in Omaha!
by Stubbie
Tue Apr 11, 2023 10:10 pm
Forum: Personal Consumer Issues
Topic: Any diamond experts?
Replies: 37
Views: 3370

Re: Any diamond experts?

I have been working on purchasing a diamond for my girlfriend. Generally we are on the frugal side of frugal (not perfect, getting there) and otherwise we are Bogleheads. I’ll start by saying she has always wanted a true ethical, natural diamond. We have a deal where I’ll buy her a diamond ring, she’ll buy me a grand piano, and those will be our one-time big purchases for each other. In searching for truly ethical, I came across a diamond distributer in Botswana that tracks diamonds from start to finish. I thought it was beautiful - emerald cut, 2.01 carat, VS1, G color, no visible inclusions, no hue. However, the Botswana cert that comes with it does say cut is “very good” and not “excellent”. I posted the diamond details online and peopl...
by Stubbie
Tue Apr 11, 2023 9:58 pm
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

kalarama wrote: Tue Apr 11, 2023 8:49 pm
Lyrrad wrote: Tue Apr 11, 2023 8:26 pm
I think the complaint is that, at Fidelity, between auction and settlement, the cost of the new bill is subtracted from the available balance and can't be used for any other investments. This can be as long as 6 days for the 17 week bill (Wed->Tues). This occurs even if there's another bill maturing on the settlement date that can be used to pay for the new bill.
Gotcha, thanks for the explanation! I generally only purchase treasuries on the secondary market to know exact YTM I'm getting and it has next day settlement so funds aren't locked up for extended period.
I prefer the secondary market also.
by Stubbie
Tue Apr 11, 2023 9:53 pm
Forum: Personal Investments
Topic: Windfall - inherited IRAs. Advice at age 55.
Replies: 36
Views: 5127

Re: Windfall - inherited IRAs. Advice at age 55.

Thanks ruralavalon! Does your CPA/tax attorney just answer questions for you, so you pay by the hour for that? Or do they do your taxes as well, which I assume would be pricey at attorney rates? Michael Piper is a CPA and provides financial planning advice. He is a well respected member of Bogleheads, spoke at our conference this past fall, published author on numerous financial topics. Please take a look at this page link to see if you think he might be a good fit for you. https://michaelrpiper.com/services/ He also is known as the Oblivious Investor and you can check out his page here. https://obliviousinvestor.com/ Cheers Mike is a great CPA. Great tax advise. I would also check out Allan Roth for financial planning. Fee only. Not cheap...
by Stubbie
Fri Apr 07, 2023 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving long-term job
Replies: 52
Views: 7047

Re: Leaving long-term job

I left one job where I told my boss exactly why I was leaving and all the things I thought were wrong with the company. It felt good at the time. I really thought I was helping them to improve. I have always regretted that though. It did no one any good. Keep suppressing that urge to "vent". "You have loved working for your present company and certainly your wonderful boss. You really hate leaving such an ideal workplace but the new opportunity is just too good to pass up. You're going to miss everybody terribly and you wish them all nothing but the best!" I'm curious - did it harm anyone or come back to haunt you in any specific way? Not in any material way. It just played with my psyche years later. I have regrets lea...
by Stubbie
Fri Apr 07, 2023 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Leaving long-term job
Replies: 52
Views: 7047

Re: Leaving long-term job

I just got my dream job! And the best part is that I’m finally able to walk away from a very toxic work environment that has negatively affected my mental health and relationships for the past two years. I’m ecstatic! Many people look forward to "telling them off" when they leave such a job. My advice is don't. It's a small world and someone who hears about what you said when leaving might end up at your new employer or some place you interview in the future. So just keep things simple and bland if asked; good people, good work, leaving for a change or raise, no you won't consider a counter-offer. Agreed. I have no idea how my boss will react but I plan to tell her exactly that: I have a good opportunity that makes sense for my c...
by Stubbie
Thu Apr 06, 2023 8:04 am
Forum: Investing - Theory, News & General
Topic: Trading Treasuries (nominal and TIPS)
Replies: 4107
Views: 455588

Re: Trading Treasuries (nominal and TIPS)

What are optimal ways to buy short term Treasuries? In a non-retirement account, I can place an order to buy something from auction and match issues date of new one with maturity date of old one. So I am not out of market if I have a margin account. In retirement account, In Fidelity, because of auto roll, some of your funds are stuck for a while. For example, for auto roll of 13 week bill, it issues on Tuesday, but it places order a week ago. So your funds available for trade reduces equal to the amount for auto roll and thus "frezzes" for a week. If you buy from secondary, you are out of market for a day. If something matures today, I can buy Treasuries from secondary market, but it settles tomorrow so it loses a day. In Schwab...
by Stubbie
Tue Apr 04, 2023 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Reducing MAGI for ACA via IRA
Replies: 15
Views: 1211

Re: Reducing MAGI for ACA via IRA

I did this very thing for several years and lowered our ACA premiums substantially.
by Stubbie
Tue Apr 04, 2023 7:00 am
Forum: Investing - Theory, News & General
Topic: New tool for building a TIPS ladder
Replies: 422
Views: 79548

Re: New tool for building a TIPS ladder

Kaesler:
Just want to say thanks again for sharing this tool! I have used it a lot for research and have made some purchases as a result.
by Stubbie
Tue Apr 04, 2023 6:47 am
Forum: Personal Investments
Topic: Disappointed with Schwab
Replies: 24
Views: 3994

Re: Disappointed with Schwab

The biggest problem I've found with Schwab is that they go out of their way to screw you on your cash, because this is their business model. They make most of their money by arbing their customers cash holdings. This is also why they're getting into trouble. This has been the business model for a long time, particularly since they went to zero commissions. However its only being exposed in such a severe way now because interest rates are now much higher, so the games they play to screw customers on their cash are becoming much more visible. I am in the process of gradually migrating my schwab account over to Fidelity, and perhaps will open a Vanguard account, because of this. I don’t think this is as big of a deal as it’s being made out to...
by Stubbie
Sun Apr 02, 2023 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving long-term job
Replies: 52
Views: 7047

Re: Leaving long-term job

Beensabu wrote: Sat Apr 01, 2023 10:11 pm
meadowrue wrote: Sat Apr 01, 2023 9:49 pm leave the negativity behind me
The moment you step out the door for good. It's gone.

And if you ever find yourself even beginning to think about about a bit of it again, just say "stop!" to yourself in your head, on repeat, until you notice how pretty the light is as it falls upon a particular leaf or something. It's gone.

As long as you don't dwell upon it, it's gone.

Out the door, out the mind. Left behind.
Exactly! I had 23 years at one company. Leave it behind. Easier said than done. They will forget about you. The sooner you forget about them, the healthier you will be. Move on to the next chapter in your life. Life is too short for negative feelings! Positive vibes only from this point forward!
by Stubbie
Sun Apr 02, 2023 6:53 pm
Forum: US Chapters
Topic: Nisiprius has 49,000 posts
Replies: 112
Views: 14866

Re: Nisiprius has 49,000 posts

HomerJ wrote: Sun Apr 02, 2023 6:14 pm
inittowinit wrote: Sun Apr 02, 2023 12:34 am Every time I see that butterfly I know I'm about to get learn't :beer
This, right here. :sharebeer
I've been learn't so many times by Nisi, I can't count!!
by Stubbie
Tue Mar 28, 2023 6:45 am
Forum: Investing - Theory, News & General
Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
Replies: 2106
Views: 391651

Re: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]

iskey wrote: Mon Mar 27, 2023 8:18 pm
manlymatt83 wrote: Fri Mar 24, 2023 10:46 pm Apparently PSLDX did a reverse split today. Almost gave me a heart attack when I saw my wrong balance in Schwab.
Yeah my PSLDX balance went up 196% today in my Roth at Vanguard.
Once again Vanguard is the laggard in reporting up to date information. 2 days later and they still haven't updated the proper share quantity.
by Stubbie
Mon Mar 27, 2023 4:16 pm
Forum: Investing - Theory, News & General
Topic: "Asset Location Fundamentals (which investments to own in which accounts)"
Replies: 27
Views: 4227

Re: "Asset Location Fundamentals (which investments to own in which accounts)"

retired@50 wrote: Mon Mar 27, 2023 4:14 pm I've bookmarked the article so I can refer new forum members to it later on. It seems to be in agreement with the Boglehead wiki page on tax efficient fund placement, but may be more digestible by some readers.
Mike makes everything more digestible!
by Stubbie
Mon Mar 27, 2023 4:14 pm
Forum: Personal Consumer Issues
Topic: AirTags are not useful as a people/creature tracker
Replies: 40
Views: 6026

Re: AirTags are not useful as a people/creature tracker

Texanbybirth wrote: Mon Mar 27, 2023 3:07 pm As the parent of a prone-to-wonder 4 yo, my takeaway from this thread - aside from a few chuckles - is the write your phone number in Sharpie on child's forearm idea. Brilliant! :beer
I do this. Also, zip up in his pocket the smallest burner iPhone I can find. As long as it's on a cell network I can track him with "find my iPhone".
by Stubbie
Fri Mar 24, 2023 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008541

Re: Fidelity as a one stop shop

Tier1Capital wrote: Thu Mar 23, 2023 11:20 pm I couldn't get Fidelity to link my trust account to my existing bank accounts without sending in old-fashioned paper forms by mail.
That was my experience as well.