Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-23-2022, 05:36 PM   #2301
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 8,042
Quote:
Originally Posted by copyright1997reloaded View Post
I mentioned the 7-figure $ amount because at the point of transfer, I could purchase a fund with a $1,000,000.00 minimum (which I won't be able to do once I start doing a bond ladder and equity purchases.) [It wasn't meant to be a humble brag - I've never had that much cash transfer ever before.]
I don't think anyone here takes offense. After all, it's just another zero placeholder added to $100,000.00. A zero really isn't that much, is it.
__________________
I don't know how to act my age since I've never been this old before.
Car-Guy is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-23-2022, 06:20 PM   #2302
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Location: Upstate
Posts: 2,322
Quote:
Originally Posted by Car-Guy View Post
I don't think anyone here takes offense. After all, it's just another zero placeholder added to $100,000.00. A zero really isn't that much, is it.
I'll take another!
copyright1997reloaded is online now   Reply With Quote
Old 11-23-2022, 06:23 PM   #2303
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 8,042
^^^^ Me too
__________________
I don't know how to act my age since I've never been this old before.
Car-Guy is offline   Reply With Quote
Old 11-23-2022, 06:38 PM   #2304
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 32,924
Quote:
Originally Posted by copyright1997reloaded View Post
I mentioned the 7-figure $ amount because at the point of transfer, I could purchase a fund with a $1,000,000.00 minimum (which I won't be able to do once I start doing a bond ladder and equity purchases.) [It wasn't meant to be a humble brag - I've never had that much cash transfer ever before.]
Well you’ll just have to do your own research to see if Fidelity has MM funds with $1M minimums that pay significantly higher yields.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 11-23-2022, 07:09 PM   #2305
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 5,018
Million here and million there and pretty soon, well, you know.

To the OP, you could collect $2500 if you moved that money to Etrade as they have a bonus deal running.

Fidelity doesn't do that but I understand they may make a match to a competitor. I would go for that and also ask them to pay the transfer fees.

https://us.etrade.com/what-we-offer/...E&gclsrc=aw.ds
Montecfo is online now   Reply With Quote
Old 11-24-2022, 06:16 AM   #2306
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Location: Upstate
Posts: 2,322
Quote:
Originally Posted by Montecfo View Post
Million here and million there and pretty soon, well, you know.

To the OP, you could collect $2500 if you moved that money to Etrade as they have a bonus deal running.

Fidelity doesn't do that but I understand they may make a match to a competitor. I would go for that and also ask them to pay the transfer fees.

https://us.etrade.com/what-we-offer/...E&gclsrc=aw.ds
Thanks for the mention on e-trade. I had decided (at least for the moment) to with FIDO because my mega-corp 401K was already there, and because I didn't do much in-kind. I did this mid-afternoon yesterday and my new Rollover is already showing the deposit "pending" with the correct amount in the new account. So that is pretty darn quick. Once I get positions established the way I want them (individual stocks, ETF's, individual bonds) then I can think about moving it again.

OTOH, I have accounts at Fido, Schwab, Ameritrade, "quite a few" banks, treasury direct, paper savings bonds, term insurance w/cash fund (4% min guaranteed which had been great but now not so)...so most likely consolidation should be the plan for my beneficiaries sake.
copyright1997reloaded is online now   Reply With Quote
Old 11-24-2022, 06:28 AM   #2307
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 6,270
Snaxx
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is online now   Reply With Quote
Old 11-24-2022, 10:09 AM   #2308
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,540
My Ally account now pays an interest rate of 3% APY. That, in addition to the 1% of $50K, makes this an even sweeter deal for those who hopped on this wagon on time.
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Old 11-24-2022, 10:50 AM   #2309
Recycles dryer sheets
4legsgood's Avatar
 
Join Date: Nov 2017
Location: Seattle
Posts: 368
Quote:
Originally Posted by copyright1997reloaded View Post
...
OTOH, I have accounts at Fido, Schwab, Ameritrade, "quite a few" banks, treasury direct, paper savings bonds, term insurance w/cash fund (4% min guaranteed which had been great but now not so)...so most likely consolidation should be the plan for my beneficiaries sake.
I haven't hit them up for this in awhile but I have had good luck with Schwab matching other brokerage offers - only required talking on the phone to a representative, and providing them a link to the offer you're asking them to match.
__________________
Retired 2015 at age 55...50/45/5 AA
4legsgood is offline   Reply With Quote
Old 11-25-2022, 11:13 AM   #2310
Thinks s/he gets paid by the post
John Galt III's Avatar
 
Join Date: Oct 2008
Posts: 2,489
The 7 day hold came off my new settlement fund stash at Vanguard, and I just threw a modest amount of cabbage into my first Vanguard CD. First Business Bank of Milwaukee. 4.3 %. Three year term. Non-callable. Proud member of the 4.X club now. Woohoo !
John Galt III is offline   Reply With Quote
Old 11-25-2022, 11:27 AM   #2311
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 4,964
While the e-trade $2500 deal does sound attractive, if they don't have a settlement fund equal to Fidelity, there is some loss of potential money there.

$1,000,000 sitting in Fidelity 3.8% fund throws off $3166 per month!
Fermion is online now   Reply With Quote
Old 11-25-2022, 11:39 AM   #2312
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 6,270
Quote:
Originally Posted by Fermion View Post
While the e-trade $2500 deal does sound attractive, if they don't have a settlement fund equal to Fidelity, there is some loss of potential money there.

$1,000,000 sitting in Fidelity 3.8% fund throws off $3166 per month!
3.9% at Schwab SNAXX
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is online now   Reply With Quote
Old 11-25-2022, 12:46 PM   #2313
Recycles dryer sheets
 
Join Date: May 2017
Posts: 164
Quote:
Originally Posted by John Galt III View Post
The 7 day hold came off my new settlement fund stash at Vanguard, and I just threw a modest amount of cabbage into my first Vanguard CD. First Business Bank of Milwaukee. 4.3 %. Three year term. Proud member of the 4.X club now. Woohoo !
Congrats on finally being able to buy!

Also, FYI, the best CDs are usually gone by late in the week at Vanguard and the pickings are generally worse over the weekend. Recently, the best non-callable yields seem to be available Monday mornings, though I think I saw some once on a Wednesday morning. You should be able to get better than 4.3% on Monday. It's also always a good idea to check the Treasury prices just before buying a CD because sometimes the Treasuries are actually giving better yields (even before taking into account the benefit of state taxes).
NomDeER is offline   Reply With Quote
Old 11-25-2022, 01:23 PM   #2314
Thinks s/he gets paid by the post
John Galt III's Avatar
 
Join Date: Oct 2008
Posts: 2,489
Quote:
Originally Posted by NomDeER View Post
Congrats on finally being able to buy!

Also, FYI, the best CDs are usually gone by late in the week at Vanguard and the pickings are generally worse over the weekend. Recently, the best non-callable yields seem to be available Monday mornings, though I think I saw some once on a Wednesday morning. You should be able to get better than 4.3% on Monday. It's also always a good idea to check the Treasury prices just before buying a CD because sometimes the Treasuries are actually giving better yields (even before taking into account the benefit of state taxes).
Thanks for the tip on timing !
John Galt III is offline   Reply With Quote
Old 11-25-2022, 03:02 PM   #2315
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,540
Quote:
Originally Posted by John Galt III View Post
The 7 day hold came off my new settlement fund stash at Vanguard, and I just threw a modest amount of cabbage into my first Vanguard CD. First Business Bank of Milwaukee. 4.3 %. Three year term. Non-callable. Proud member of the 4.X club now. Woohoo !
Can you refer me to the VG web page that references this CD.

Thanks,
mickeyd
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Old 11-25-2022, 03:27 PM   #2316
Thinks s/he gets paid by the post
 
Join Date: Feb 2021
Posts: 1,585
Quote:
Originally Posted by mickeyd View Post
Can you refer me to the VG web page that references this CD.

Thanks,
mickeyd
https://personal.vanguard.com/us/FixedIncomeHome


Go to this page. It lists CDs, Treasuries, Agencies, Munis, and Corporates sorted by duration and risk. Just click on the 3-year CD number and it will pull up a list of CDs including the one John Galt III mentioned.
disneysteve is online now   Reply With Quote
Old 11-25-2022, 03:43 PM   #2317
Recycles dryer sheets
 
Join Date: May 2017
Posts: 164
Quote:
Originally Posted by mickeyd View Post
Can you refer me to the VG web page that references this CD.

Thanks,
mickeyd
Quote:
Originally Posted by disneysteve View Post
https://personal.vanguard.com/us/FixedIncomeHome


Go to this page. It lists CDs, Treasuries, Agencies, Munis, and Corporates sorted by duration and risk. Just click on the 3-year CD number and it will pull up a list of CDs including the one John Galt III mentioned.
Make sure you log in. You often can't see all the offerings if you aren't logged in. Notice that you can get a 3-year Treasury on the secondary market that is just as good as the 4.3%.

Also, there is an FDIC insured 3-year non-callable CD from Bank of India at 4.95%. It won't last long, though. There will be more options Monday morning.
NomDeER is offline   Reply With Quote
Old 11-25-2022, 03:53 PM   #2318
Thinks s/he gets paid by the post
 
Join Date: Feb 2021
Posts: 1,585
Quote:
Originally Posted by NomDeER View Post
there is an FDIC insured 3-year non-callable CD from Bank of India at 4.95%. It won't last long, though. There will be more options Monday morning.
I grabbed some of that one myself. Even a touch better than the 4.90% I bought last week. I've got no problem locking in 3 years at nearly 5% at this point. And if the rates climb even higher, we've got stuff maturing monthly so we can still take advantage of that.
disneysteve is online now   Reply With Quote
Old 11-25-2022, 04:00 PM   #2319
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 4,964
I have been wondering how the theory of lump sum vs DCA in stocks might apply also to bonds.

It is generally accepted that lump sum beats DCA in stocks.

By laddering or waiting for better rates, is it similar to trying to time the market in stocks by DCA?
Fermion is online now   Reply With Quote
Old 11-25-2022, 04:51 PM   #2320
Recycles dryer sheets
Earl E Retyre's Avatar
 
Join Date: Jan 2010
Posts: 422
Quote:
Originally Posted by NomDeER View Post
... there is an FDIC insured 3-year non-callable CD from Bank of India at 4.95%. It won't last long, though. There will be more options Monday morning.
Is this bank headquartered in India and locally in NY? Is it just as safe as local banks since it is FDIC insured?
Earl E Retyre is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 7 (2 members and 5 guests)
disneysteve, jldavid47
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Quick Links

 
All times are GMT -6. The time now is 03:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.