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Even worse, I deactivated another account that I had previously linked the "Schwab Bank Investor C".
Still CC-501 error with "Schwab & Co" and as with the other account I can link it to "Investor -C" but the account is not listed in the "link …
Unfortunately, I just tried to re activate my deactivated account to link to "Schwab & Co" and I got the cc 501 error again. I do not sync my accounts to Quicken on the web so cannot "reset" my cloud account
Nothing has changed in over a week.
They did require a new POA. I know this because when we switched my wife's mutual fund account to a brokerage account, the full POA I had on the account is now just a limited POA. Her other accounts remain full.
I am sorry but I can't remember if w…
From personal experience, POA does not transfer. Nor will most brokerages accept a POA form from you lawyer. You usually have to fill out their specific form, usually notarized.
As platinum and palladium have fallen, other rare minerals are up.
REMX up 78% this year GMET has exposure to "green medals" used in EVs.
What vehicle are you using for platinum and palladium?
@MikeM
The easy metric I have seen used on cash returns is to subtract the current "Rate" of inflation ( 4 to 6% ??) from the 0.001% most money markets pay and say you loose that every year in cash.
This is really only true if your spending and e…
It is a little easier to follow an account with several mutual funds than individual mutual fund numbers. Easier to add more money too
We converted funds to brokerage account without any issues.
I used 2021 B premiums.
Here is link to 2022 data
https://www.cms.gov/newsroom/fact-sheets/2022-medicare-parts-b-premiums-and-deductibles2022-medicare-part-d-income-related-monthly-adjustment
2022 basic B is $170/mo First step up at same AGI i…
The info on brackets I have are ( MFJ vs Single)
zero IRMAA under $176,000 $88,000
$59 /mo/person $176,000 to $222,000 $88,000 to $111,000
$148.50/mo/person $222,000 to $276,000 $111,000 to $138,000
There is a great $4 book ( Amazo…
I have joined carew338 in abandoning Vanguard for anything other than their funds that are unique are Admiral class or that I have a large capital gain in.
Their systems are slow, clunky and full of restrictions that "Mommie" Vanguard claims are n…
@ Hank
Does it matters what you convert, if you can always buy or sell anything in either account tax free?
Once you have the capital in a Roth, I agree it should be probably devoted to more risky, long term investments.
Converting before you are…
The 12/3 support steps are nonsense in my experience. They do not work. I have sent information specifically to Quicken reps about the issues, at their request, but they have not fixed anything yet and there are worse stories than mine on their boa…
It is pretty sad when your bonds and bond funds loose money all year but the alternative for bear market protection- cash- is worse.
Core funds are all underwater. Only things even a little bit positive are Floating rate, short term Munis. When rat…
Cathy's down 7% today. I bought a tiny bit 15% higher a couple of weeks ago. I think she has the right ideas but got ahead of things. IT really depends on how good her analysts are in tech and biotech in particular
My son bought $2100 in 2018 and…
The tech guy at Schwab my broker put me into contact with ( far more knowledgeable than the usual person answering the phone on tech support) said Schwab wanted to increase it's security around third parties who downloaded account transactions. Appa…
WHat has happened is by using their Schwab Bank Investor C, Quicken turns the brokerage account into a bank account. However, you can still change the transactions into the correct dividend re investments, sales etc, but you have to do it manually
…
I reached a knowledgeable guy in tech at Schwab who says they started transitioning to this new bank type authorization last month, because it is more secure and does not share our passwords with Quicken. Tha is when the "zz" started showing up.
He…
I got all my account to download. Changed password for safety's sake. Am calling Schwab technical support to find out what "Schwab Bank- Investor C" is
I have managed to restore several of my accounts by
1) ensuring that "Schwab" is listed as the brokerage name, not "zz-Schwab" or zzz-Schwab" on the account details window ( this is in the recommendations)
But this still would not allow me to "Act…
@hank
It all depends on what you need the money for. People who are depending on the market going up to pay their bills are in a dangerous place, I think.
The valuations and the placidity are both concerning. Both are the Feds fault. When they st…
Grantham's interview here with Bloomberg Wall Street Week probably says same thing, but no paywall.
Above chart reproduced here too.
https://jugglingdynamite.com/
I find some of Juggling Dynamite's stuff well worth getting
@Old_Joe
I retired in 2019 after 40 years in primary care medical practice, both self employed and as an employee.
When I was self employed, my livelihood and the salaries of all of our employees depended on the knowledge and expertise of the bill…
I have had a small position since 2019. It has done what I expected, ie buffered market declines.
March 2020 Tail was up 27% to SPY drop of 31%. It is down about 15% since I bought it, far less than inverse ETFs like SH which lost over 50%
It also…
I think we all need to be aware of the potential catastrophe if we enter a prolonged bear market. People who are depending on their equity returns to live on will be hurt very very badly.
While the 1930s are probably not a useful comparison, as th…
Great explanation of Musk sales
https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine?cmpid=BBD111121_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=211111&utm_campaign=moneystuff&sref=OzMbRRMQ
Co…
@msf
I am not advocating setting up an LLC for I bonds alone, unless you live in a state where there is no annual fee for the LLC. Even then the legal fees and accounting are probably not worth it for the ability to invest another $10,000 in I bond…
Thanks for all the input and interesting ideas.
I missed the M* article, but I have dropped a lot of their stuff as it is all nonsense.
How can you take a firm that claims to be aimed at individual investors seriously, when it includes funds (GCC…
I think it depends on how you use your sole prop. If you do not try to deduct expenses that have no relationship to the purpose of the business, I don't think the IRS cares what you do with it.
The treasury might, but it is hard to see how they wi…
@graust
Thank you for the suggestions. I had forgotten about GAAEX, although I have looked at it in the past.
Will look at them and report back.
I think you can break down the ideas into a lot of categories and find ideas and ETFs for most of th…
I asked the Treasury if an LLC with a separate TIN could buy another $10,000 and they said yes.
I think the key is the separate TIN. If you use your own SSN on the trust ( referenced above) I think the the Treasury will link the accounts and refu…
@stillers
Sorry for the slow response. I have looked at several managed futures over the years, including AHLPX AQMNX AMFAX CSAAX, but not PQTAX.
AHLPX is the clear winner with better performance ( 42% vs -3% 26% and 25% with better risk metrics …
I have tried a number of different managed futures funds over the years, and find that AHLPX has the best track record. BLNDX has beaten it with about the same risk, but I assume that is because BLNDX can use equities.
M* says BLNDX started in 1/…
If you had the stomach hang on to IOFIX from 3/2020 to now it is almost back to even. But there are those 2 weeks when it lost half of it's value.
I don't understand exactly why, other than they had a lot of thinly traded bonds that before the Co…
As I understand the IRS instructions, you have to use the total amount of all your IRAs to calculate the RMD. The amount you have to withdraw is an IRS stated percentage based on your age. The IRS website has a table you can use and most brokerages…
I have owned VTMFX for several years and am generally pleased as a core holding.
It depends really on what you want to accomplish Growth? Income? and with what risk.
Almost 10% is in FAANG ( Nvidia not Netflix) so it will take a big hit when tha…
I have always believed their "we are not money grubbing investment advisors.. we only work for you the fund shareholders, who own the company" is total BS. We you ever asked to vote on the CEO's compensation?
I suspect this cut back was precipi…
