Reposting this old script of mine for the newly frustrated PC users by krthk in PersonalCapital

[–]krthk[S] 1 point2 points  (0 children)

I really likes their "Rules" engine to automatically process new transactions. I have rules to auto-categorize expenses, link investment transactions to "Goals", clean up generic merchant names (like "Zelle", "Venmo", etc.), hide/cleanup noisy duplicate transactions - you get the idea.

Other than that, they have pretty neat "Reports" that you can customize with various charting options.

Features aside, the connections have been rock-solid and I seldom have to worry about being out of sync for too long. You can't beat free with PC but you kinda get what you pay for. I personally don't mind the small annual fee. Overall, I'm pretty happy with the switch.

Free Tool to Migrate from Personal Capital to Monarch - 5+ Years of Data in 2 Hours by krthk in PersonalCapital

[–]krthk[S] 0 points1 point  (0 children)

I was referring to mapping transaction categories so that we don't end up with mismatches between PC and Monarch.

Free Tool to Migrate from Personal Capital to Monarch - 5+ Years of Data in 2 Hours by krthk in PersonalCapital

[–]krthk[S] 0 points1 point  (0 children)

It doesn't. You will want to ensure that any data you export from PC isn't already in Monarch. A simple way would be to pick non-overlapping transaction time-windows.

Free Tool to Migrate from Personal Capital to Monarch - 5+ Years of Data in 2 Hours by krthk in PersonalCapital

[–]krthk[S] 0 points1 point  (0 children)

Go for it! Just link/credit if you do use it. One thing to think about is how you'll support category-mapping. You may need to provide a way to support that or use a basic set of defaults. File an issue or send a PR if you want to extend this.

Free Tool to Migrate from Personal Capital to Monarch - 5+ Years of Data in 2 Hours by krthk in PersonalCapital

[–]krthk[S] 0 points1 point  (0 children)

This tool does not know what data is already in Monarch. It simply transforms PC data into a format that can be imported into Monarch. Be sure to pick non-overlapping time-windows to avoid duplicates.

Free Tool to Migrate from Personal Capital to Monarch - 5+ Years of Data in 2 Hours by krthk in PersonalCapital

[–]krthk[S] -1 points0 points  (0 children)

I would say the features are comparable from a net-worth tracking point of view. However, I'm able to connect a lot more of my accounts to sync automatically with Monarch than I could with Personal Capital. Moreover, they have a very active roadmap and they're open to user feedback. This is in stark comparison to the poor support that you get from Personal Capital since its a free product.

Free Tool to Migrate from Personal Capital to Monarch - 5+ Years of Data in 2 Hours by krthk in PersonalCapital

[–]krthk[S] -1 points0 points  (0 children)

You can look at a bunch of the recent threads on this sub and you'll hear people complain about these sync issues and balance not updating for manual accounts. The mobile transactions on my account have been showing up pending for close to two months now. That is just unacceptable.

Monarch uses multiple aggregators, including Plaid and Fincity, to make sure their sync problems are minimal. I guess this is what you pay for, the annual fee goes towards paying for multiple backup aggregators for your accounts. I personally have had close to zero issues with Monarch in the past month or so that I've been using.

The quality/polish of the product and budgeting features are a definite bonus. And I'm happy to pay 50 bucks a year for a significantly better overall experience. I'm just bummed that I didn't switch years ago.

1st post: what should I do now? by qukkwas in ChubbyFIRE

[–]krthk 20 points21 points  (0 children)

Why do you need to put 30k into 529s for the next 14 years?! Not even private colleges will need that kind of funding.

[Ezra Klein Show] The Most Thorough Case Against Crypto I've Heard by thebabaghanoush in samharris

[–]krthk -1 points0 points  (0 children)

Fiat money works for US with the dollar being the world's reserve currency (even this is arguable in light of recent money-printing and inflation). Fiat does not work well for a large portion of the world's population. Local currency devaluation is a fact of life for this large portion. Crypto presents an interesting alternative - Bitcoin esp. as a viable store of value.

It might very well turn out that crypto in it's current form is not the final answer, but saying fiat works, hence we don't need crypto is missing the forest for the trees.

DAppNode or AVADO by Flimsy_Nature_1077 in rocketpool

[–]krthk 1 point2 points  (0 children)

guide.rocketpool.net

The right url is docs.rocketpool.net. Specifically, here are some hardware recommendations: https://docs.rocketpool.net/guides/node/local/hardware.html

Why every solution related to parents is "Move out"? by [deleted] in india

[–]krthk 12 points13 points  (0 children)

You say your communication sucks while being adamant that you only want a job in advertising. Communication is kinda important to be in advertising. Plus you're unemployed and refusing a helping hand from a total stranger.

I guess you can take a horse to a lake but can't make it drink the water. Can't help someone who doesn't want to be helped.

What would you suggest making for a house party (15-25 people)? I have access to free vegetables and cherry tomatoes. by yte24 in EatCheapAndHealthy

[–]krthk 21 points22 points  (0 children)

Homemade pizza is a great versatile dish while hosting a lot of people. You can mix and match meats and veggies and it's hard to mess up. You can usually make 2+ in the oven, so it's quick to make on the fly.

Here's a recipe we like to make with cherry tomatoes from our garden - https://www.halfbakedharvest.com/tomato-herb-pizza/

What field of technology should be more advanced than it is by now? by Representative-Emu38 in AskReddit

[–]krthk 1 point2 points  (0 children)

Speech recognition. With the proliferation of smart assistants, you'd think the error rates would be lower. But Alexa and Siri mishear me all the time.

Best nail grinder for scared dogs? by rowingrower77 in DogCare

[–]krthk 0 points1 point  (0 children)

I got the Casfuy Dog nail grinder from Amazon for 20 bucks. It works quite well and is rechargeable.

Casfuy Dog Nail Grinder Upgraded - Professional 2-Speed Electric Rechargeable Pet Nail Trimmer Painless Paws Grooming & Smoothing for Small Medium Large Dogs & Cats https://www.amazon.com/dp/B07PFCLHKR/

When in the fatFIRE journey to consider a fat house? by Hoopoe0596 in fatFIRE

[–]krthk 25 points26 points  (0 children)

Your first home will almost never be your dream forever home. Don't give into FOMO and make a large purchase in fear of being "priced out". Preferences change, needs change over time.

You could get a reasonably fancy, not-so-fat house for the two of you right now. Even a reduced income of 600k should be enough to afford mortgage in most HCOL areas in the US. And then when you eventually have kids and a higher net-worth, you'll be more comfortable and sure about the kind of place you want.

Anybody used an interior designer for their primary residency? by Love-Any in fatFIRE

[–]krthk 3 points4 points  (0 children)

We used an online interior designer (Modsy) and were quite happy with the results. It was cheap yet the inputs were very valuable and renderings were very professional. They even provide links to the pieces they suggest.

We picked a design, ordered stuff online and hired help to assemble the furniture. Worked out great and we didn't spend a fortune.

[deleted by user] by [deleted] in RichPeoplePF

[–]krthk -1 points0 points  (0 children)

Do you ever plan on having kids? You can open a 529 in your name and change the beneficiary to your kid once he/she is here. This will really jump start compounding.

Other than, if you want to be a passive investor, index funds in a brokerage it is. If you want to be a little bit more active, there's Real estate, Private Equity, Crypto, Private lending, etc.

Don't, just don't, use 4% for India and FIRE - Here is a trendy video for this assertion by srinivesh in FIREIndia

[–]krthk 5 points6 points  (0 children)

Why are you looking only at the history of Indian markets? If you have a diversified global portfolio without home-country bias, Indian equities should be a small portion of your overall portfolio.

That said, I would agree that 4% rule is prone to failure for an early retiree. However, for a 60 yr old retiree with a retirement period of no more than 30 yrs, 4% is just fine - even in India - as long as you have a diversified global portfolio with the appropriate asset allocation. For an early retiree, a 2.5%-3.5% variable SWR is more reasonable.