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Ythan
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Mint.com adds support for brokerage & retirement accounts
#7999319 - 02/09/08 07:35 AM (15 years, 11 months ago) |
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Mint.com is a free online money management tool. You enter the information for your financial institutions and credit cards, and they provide a centralized location where you can view a running total of assets and liabilities, customized balance change alerts, personally tailored (and sponsored) money saving advice, and other useful information like top spending categories. They enjoyed a brief surge of popularity when the site first went online, but its lack of support for investment accounts relegated it to mere novelty status in my opinion. But they finally addressed this shortcoming to become a genuinely useful tool for tracking spending and managing finances. If you don't mind giving a single site all your account login info (they advertise bank level security), I think you'll like them and find them useful. Just wanted to pass this on since I've been waiting for brokerage support for a while.
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Newbie
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Re: Mint.com adds support for brokerage & retirement accounts [Re: Ythan]
#8012882 - 02/12/08 11:12 AM (15 years, 11 months ago) |
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Hey thanks a bunch. Quicken still has me boggled, this is pretty simple! Do they give you alerts when bills are due?
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Ythan
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Registered: 08/08/97
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Re: Mint.com adds support for brokerage & retirement accounts [Re: Newbie]
#8013261 - 02/12/08 01:05 PM (15 years, 11 months ago) |
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Sweet glad you like it. I played around with Quicken and MS Money too and I also found them bloated and confusing. Plus they couldn't sync with my bank or brokerage either. This is the first time I've found a web app to be better than its desktop counterpart. I hope they do well since it really is a useful service and the price is right.
Anyway yeah, they do have alerts for when your credit card bills are due (among other things). You can change how far in advance by clicking the 'change your alerts' option on the overview page and dragging the sliders. It's 7 days by default. You also need to check the 'e-mail' or 'mobile' boxes depending on how you want to be notified, otherwise the alerts will just show up on their site.
Peace,
-Y
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koppie
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Re: Mint.com adds support for brokerage & retirement accounts [Re: Ythan]
#8013525 - 02/12/08 03:20 PM (15 years, 11 months ago) |
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Having all my financial information on a server that is not owned by my bank, that is run as a free service even, would make me feel less than secure. I wonder how much privacy I would have left, were I to sign up for this service.
But I may be paranoid about online privacy.
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Ythan
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Re: Mint.com adds support for brokerage & retirement accounts [Re: koppie]
#8013954 - 02/12/08 05:02 PM (15 years, 11 months ago) |
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Quote:
The usernames and passwords you use to access your online financial accounts are not viewable by Mint.com employees or contractors. This information is collected from you one time only in order to establish a persistent connection to your financial institutions. Your credentials are encrypted and securely passed to our partner Yodlee who maintains them in order to deliver your transactional data to the Mint service. The information is never stored.
Yodlee provides this same account aggregation service to many of the leading U.S. financial institutions (32 of 50 of the top financial services institutions to be exact), including, but not limited to, Bank of America and Fidelity Investments. As a result, you should be aware that Yodlee’s security technology and infrastructure is industry leading in the online banking sector, including hardware encryption. Yodlee is also in full compliance with all the important industry standards including:
* SAS 70 II; * ISO 17799 Compliance; * Visa CISP Level One Compliance * Multi-factor authentication – FFIEC compliance
In addition to the points above, your credit card company protects you in case of fraud and you would not lose this protection in any way by using the Mint service. But what you may not know is that Regulation E, which is a set of rules issued by the Federal Reserve governing electronic transactions (online banking, ATM withdrawals, debit card payments...) limits your liability in most cases to $50 in the event of fraud. Consumers must notify their bank of the fraud within 2 business days. On the third day the liability goes up to $500 and it can be more if notification occurs after 60 days. Regulation E rules are designed to encourage consumers to feel safe about electronic transactions. Even if a consumer has acted negligently and succumbed to a phishing or fraud attack and given away personal identification information that led to the fraud, they will be protected. In fact, one of the reasons the Mint service provides email and mobile alerts is so you don’t even need to log in to become immediately aware of any fraudulent activity.
http://forums.mint.com/forumdisplay.php?f=5
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GnosticWarrior
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Re: Mint.com adds support for brokerage & retirement accounts [Re: Ythan]
#8024404 - 02/14/08 08:32 PM (15 years, 11 months ago) |
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Damn, you're pretty cutting edge! I just read about Mint.com in Fortune Magazine as a starup that Microsoft should buy. I'm pretty old school and am usually skeptical of new tech companies at least until they're written about in the estabished financial media. Well it's time has come, but I'll remeber that I heard it here first.
http://money.cnn.com/2008/01/21/technology/DEMO_bidding_wars.fortune/index.htm?postversion=200801250
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Newbie
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Re: Mint.com adds support for brokerage & retirement accounts [Re: GnosticWarrior]
#8024428 - 02/14/08 08:38 PM (15 years, 11 months ago) |
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Lol I just got an email saying my Checking account balance is low. Nifty shit!
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GoodbyeOrb
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Re: Mint.com adds support for brokerage & retirement accounts [Re: Ythan]
#8026149 - 02/15/08 07:55 AM (15 years, 11 months ago) |
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Quote:
Ythan said: Sweet glad you like it. I played around with Quicken and MS Money too and I also found them bloated and confusing. Plus they couldn't sync with my bank or brokerage either.
Quicken has the ability to sync with banks, but it's confusing as shit to get it to work. Good feature though once it's in place.
Mint sounds cool, but I'd be reluctant, as stated, to put all of my financial information in one central digital location, regardless of security measures.
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