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Comments:
I realize this isn't for everyone but I use Interactive Brokers for most of my investments. A key benefit is their low cost for currency conversions. They charge 0.002% above the spot price. For every $100,000 being converted, they charge $2. The best I have found at other banks is 100x that and usually it is much higher. I also invest using a "risk parity" passive approach - basically an index approach but diversifying further by investing more in leveraged bonds in order to reduce overall risk - and Interactive Brokers makes it easy to buy future contracts.
Post: Which banks, brokerage firms and other financial companies would you recommend to friends?
Link to comment from June 22, 2024
You might want to upgrade now to Quicken 2013 - for free, including the software it seems - since it is getting harder to upgrade versions. (For example, versions from 1998 and before are no longer upgradeable.). To go from 2001 to 2013, you first need to upgrade to 2004. It is all explained here: https://www.quicken.com/support/how-and-when-use-intermediate-version-convert-older-versions-quicken
Post: Quick Work
Link to comment from May 6, 2022
Hi, thanks for this. I also include the PV of my social security (discounted by about 20% just to be safe in case the govt cuts benefits) in my asset allocation calculation. Although, I include it as an allocation to inflation-linked bonds (TIPS) rather than regular bonds. I use the price of a long-term TIP (in my case the 2048 govt TIP) to track it. I do this because the value of what the govt will pay me goes up (or down) depending on inflation in the years ahead. You mention it’s like a bond without the inflation rate risk - but I was wondering how you thought about the decision not to model it as a TIP allocation? Once I started doing this about 10 years ago, it led me to basically cut significantly the rest of my portfolio invested in TIPs.
Post: Valuing My Income
Link to comment from February 9, 2022