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Citi® Double Cash Card Review: 2% Cash Back on ALL Purchases, No Annual Fee

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If you want simplicity, the best rewards card for most people that pay their balance every month is the Citi® Double Cash Card. It offers a flat 2% cash back with no points or miles to redeem, no categories to remember, and no bank affiliation required. Even the highlights are short: 2% cash back on purchases: 1% when you buy plus 1% as you pay. To earn cash back, pay at least the minimum due on time. 0% Intro APR on Balance Transfers for 18 months. (Balance transfers do not earn cash back.) No annual fee. This all comes with no caps, no tiers, no category restrictions, no quarterly enrollment hoops, no rotating categories. The only way you don’t get your 1% + 1% total is… [Read More...]

Fidelity Spire App $100 Bonus, Fidelity Go Roboadvisor Warning

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Updated, including new bonus and tax warning. Fidelity Spire is Fidelity’s new mobile app, which adds fintech-y features and is separate from their main Fidelity app. You can link your external accounts, track balances, and set financial goals. (Fidelity acquired fintech startup eMoney in 2015, and is using that technology for account aggregation.) You can also link up “real” Fidelity accounts like their brokerage accounts and perform commission-free trades within the app. New $100 Fidelity account bonus. If you open a new, eligible Fidelity account via the Spire app or fidelity.com/spire and maintain an automatic monthly deposit of $25+ for 6 months, you can get a $100 bonus. Hat tip to DoC. You must open via the Fidelitiy Spire app or… [Read More...]

M1 Finance Review: Free DIY Robo-Advisor ($30 Referral Bonus, Up to $4,000 Transfer Bonus)

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Updated. My favorite option in the now-crowded “robo-advisor” category is technically not a registered advisor at all, it is M1 Finance. Here’s a quick rundown of what makes them different: Fully customizable. You pick your own target asset allocation “pie”. (You can add ETFs or individual stocks.) You can simply copy one of the many model portfolios out there, or customize it as you like. You have full control! M1 handles the boring stuff, like rebalancing or dividing a $100 contribution across 8 different ETFs. Here is my pie which I named the My Money Blog Portfolio. No commissions. Free stock/ETF trades with a low $100 minimum account size for taxable accounts and a $500 minimum for retirement accounts. 0.00% management… [Read More...]

Gold as a Hedge Against Bonds During Low Interest Rates

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Perhaps it is because I somehow ended up buying $5,000 in gold coins a couple weeks ago, but I’ve been doing some reading about gold again. The stock market is at higher and higher valuations, while the Fed promises that interest rates will stay low for a long time. The real yield on TIPS remains negative, meaning that it is highly unlikely that any high-quality investment-grade bonds will beat inflation over the next decade. Is there really no alternative? This Compound Advisors article does a great job exploring why gold is not an ideal hedge against inflation. The comparison chart below of performance since 1975 summarizes things in one picture. Over the 50 years since the US came off the gold standard, gold has only barely … [Read More...]

MMB Portfolio Update April 2021: Dividend and Interest Income

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While my April 2021 portfolio asset allocation is designed for total return, I also track the income produced. Stock dividends are the portion of profits that businesses have decided they don’t need to reinvest into their business. The dividends may suffer some short-term drops, but over the long run they have grown faster than inflation. Here is the historical growth of the S&P 500 absolute dividend (source): This is true despite the fact that the S&P 500 yield percentage are again near historical lows, along with interest rates (source): I track the “TTM” or “12-Month Yield” from Morningstar, which is the sum of the trailing 12 months of interest and dividend payments divided by the last month’s ending share price (NAV) plus any capital gains… [Read More...]

BBVA $250 Easy Bank Bonus: $200 Checking + $50 Savings (Back Again)

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$250 bonus is back. In the current low interest rate world, easy bank bonuses have become more attractive way to boost your safe interest income. BBVA has brought back their popular $250 bonus promotion for a limited-time. $200 bonus for opening a new BBVA Free Checking account between April 12-26 and receive a qualifying direct deposit of $500+ by June 30th, 2021. Additional $50 bonus by adding a new BBVA Savings account between April 12-26 and having a savings balance of at least $1,000 on June 30th, 2021. If you want the entire $250 bonus, be sure to check the boxes for both offers on the promotion landing page. You must keep the account open for at least 12 months, otherwise they may claw back the bonus. You must be … [Read More...]

MMB Portfolio Update April 2021: Asset Allocation & Performance

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Here’s an update on my current investment holdings as of April 2021, including our 401k/403b/IRAs, taxable brokerage accounts, and savings bonds but excluding our house, cash reserves, and a small portfolio of self-directed investments. Following the concept of skin in the game, these are my real-world holdings and what I’ll be using to create income to fund our household expenses. We have no pensions or other sources of income. Actual Asset Allocation and Holdings I use both Personal Capital and a custom Google Spreadsheet to track my investment holdings. The Personal Capital financial tracking app (free, my review) automatically logs into my different accounts, adds up my various balances, tracks my performance, and calculates my overall asset allocation. Once a quarter, I… [Read More...]

Blue Business Plus Card from American Express Review: 2X Points on ALL Purchases Up to $50k/Year

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The Blue Business Plus Credit Card from American Express is a business rewards card that features double Membership Rewards points and no annual fee. Therefore, if you can redeem for more than 1 cent per point of value, this card has the potential to beat a flat 2% cash back card. This is currently my primary business credit card. 2X Membership Rewards points on the first $50,000 in purchases each year. 1X Points on purchases thereafter. 0% Intro APR on purchases for 12 months. No annual fee. Better than 2% cash back? Membership Rewards points can be converted to the following airline miles (there are more, this is just a selection): Delta SkyMiles Hawaiian Airlines ANA Mileage Club (partner of United Airlines) Air Canada (partner of United Airlines) British … [Read More...]

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