The Case for Switching to Internet Television

The Case for Switching to Internet Television

Virtually nobody likes their cable TV provider.  Every year they keep raising prices hoping that you won’t switch and offering great prices for new customers only.  They make you rent a box for every TV you own for an extra $10 per month even though you have paid more than the boxes are worth over time.  And just when you sit down to watch the big game, you realize that it is only on Fox Sports 1 and you have to find a sports bar ASAP.

Fortunately there are now three awesome solutions that will allow you to turn in your cable box(es), save you money, and love TV again.  I have been showing my clients the benefits of Sling.tv, Direct TV Now, and Sony PlayStation Vue for a few months and have helped them save $50 to $200 per month off of their cable bills.  Internet TV is fabulous and let me show you how to move to the TV of the future.

Go Buy an Amazon Fire Stick Now


When I first started looking into getting cable through the internet I was disappointed to learn that both Sling TV and Direct TV Now would not work on my smart TV or through my Sony Playstation 3.  Although I didn’t want an extra remote to keep up with, I am very happy I spent the $40 for an Fire TV stick.  It is a small dongle that fits into one of the HDMI ports on the back of your TV and needs to be plugged into an electric outlet or a USB port for power.  I thought I would only use the remote for internet cable, but I have found it offers so much more.

The Fire TV stick has an enormous selection of apps all in one place and has become the default portal to my entertainment on my TV.  I use it to access Amazon Prime Video, Netflix, HBO Now, Youtube, and my new DirecTV Now subscription.  You can also subscribe to individual stations like STARZ or Acorn TV to get your British TV fix.

The last great thing about a Fire TV Stick is that it is equipped with an Alexa Voice remote.  It turns your TV into an Amazon Echo without you having to shell out an additional $180.  You can ask it to play music, search for content, fast forward, and even order a Domino’s pizza.  I recommend that you go to Settings -> Alexa -> Things to Try on your Fire Stick to learn all of the great things it can do.  Expect Alexa to do even more as this technology improves in the future.

The search feature isn’t perfect yet, but it is pretty good.  I just tried saying “play Deadpool” and the app realized that show is currently available on my HBO GO app.  It also showed me that I could purchase it through Amazon.  I then tried saying “play Scandal.”  It instantly found that I could watch it for free through my Netflix subscription.  Lastly, I tried “Captain America: Civil War” and it did not recognize that movie was in the Netflix catalog and only gave me the option to rent it or buy it through Amazon.  With the arms race between Alexa, OK Google, Siri, and Cortana I expect this technology to be really good in three years.

Choose Your New Cable Provider


Hopefully you just ordered your Fire TV Stick.  Now you need to determine which internet TV provider to go with.  I suggest that you click on the following links to compare the channel line ups:

DirectTV Now
Sling.TV
Sony PlayStation VUE

When I help clients sign up for these services, I find that different people value different programming.  If your kids really like Nickelodeon, you may want to go with DirecTV Now or pay $5 with Sling to get the Kids Extra Package and not go with PlayStation VUE.  I had one client that chose providers based on who had the Hallmark Channel (it is currently not on PlayStation VUE).  You will also want to evaluate which service offers which local channels live in your local market.  Some packages don’t have any local TV and other packages only offer local channels on demand (about 24 hours after a show has aired).  I expect most services to offer most of the local channels live soon, but this can be a deal breaker for some people.  I get pretty good reception with my HD antennae so local channels weren’t an issue for me.

After you have compared the channel line ups and packages there are a couple of things to consider.  If having a DVR is really important to you, then PlayStation VUE has the only true DVR that is based in the cloud.  I expect Sling and DirecTV Now to have one by the end of 2017.  If you travel a lot and have AT&T as your cell phone carrier, you may favor DirecTV Now since you can stream TV to your phone without using your data.  If you really love sports and want a good price, Sling TV’s $20 per month Orange package is really attractive.

I signed up with DirecTV Now because they had a limited time offer to get their 100 channel offering for only $30 per month (it is now $60).  My wife and I absolutely love it.  We have more channels than we could possibly watch.  I can finally watch most sporting events that I want to.  Even though it currently doesn’t have a DVR, you can save certain shows to your watch list and it will automatically add them after they have aired.  The first season of Mr. Robot is available for free on Amazon Prime as is the first five seasons of Suits.  After I have watched past episodes on Amazon, I can then watch the current seasons in my watch list.

All three services offer free trials and will offer free or reduced pricing for streaming devices (Amazon Fire Stick, Roku, Apple TV)  if you prepay for one to three months.  Unfortunately your streaming device will come in the mail deep into your free trial, so you may want to buy your device before you start the trial.  If you like internet TV, then you will want to have a streaming device for each TV.  You should also expect some frustrations as you learn how to use a new device, save shows, and navigate the new world of internet TV.  It took me a frustrating half hour to figure out that I had to log into my Amazon.com account on my computer to download some of the apps to my Fire TV Stick.  You probably have forgotten how hard it was at first to use you current cable provider.

Now go sign up for a free trial and you can thank me later.

Damon Gonzalez
Advisor
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Damon Gonzalez is the founder of Domestique Capital LLC, a financial Planning firm located in Plano, TX.  He has been in practice since 2000 and is Retirement Income Cert ... Click for full bio

Most Read IRIS Articles of the Week (February 20-24)

Most Read IRIS Articles of the Week (February 20-24)

Here’s a look at the Top 11 Most Viewed Articles of the Week on IRIS.xyz, February 20-24, 2017 


Click the headline to read the full article.


Enjoy!



1. Cyborgs Are the Future for Advisors


Becoming cyborgs is the way to go for financial advisers…blending robotics and humans into one organism. You see, I am convinced that robo-advice models will succeed and prosper. — Tony Vidler

2. Building a Better Index With Strategic Beta


With the global economy warming up, but political uncertainty remaining a constant, it’s more important than ever for investors to position their global portfolios to navigate long-term market volatility. That’s where the power of diversification comes in ... — Yazann Romahi

3. Reinvigorate Your Financial Life With Laser Focus on Market Risk and Shortfall Risk


The financial world is noisy and it’s easy to become distracted from your most important long-term goals. One way to cut through the noise is to focus on just the two factors that ultimately determine your approach to everything else in your financial life; namely, Market Risk and Shortfall Risk. — James E. Wilson

4. When it Comes to Your Money, Does the Truth Hurt?


It’s important to admit the truth behind our actions in order to rectify past and future mistakes or regrets. Living in denial only perpetuates making decisions that could potentially lead to financial disaster. — Michael Kay

5. A Skill for Advisors to Master to Keep Clients for Life


There's one key approach that makes you invaluable to your clients so they want to stay with you for the long-term. You have to genuinely be interested in people. — Paul Kingsman

6. Relationships & Money: 6 Stories to Share With Your New Partner


When you start dating, you usually start off sharing stories. Tales of your childhood, your previous relationships and your college days. Those stories help explain to your partner who you are and how you act. — Mary Beth Storjohann

7. Great Leaders Don't Talk About Revenue


It runs counter-intuitive to what we have been led to believe business is all about: make more money and everybody wins, surely? Talk about revenue so that everyone knows what’s important. What’s the problem? — Barry Chandler

8. Trump's Tax Proposals Could Cost You (and What to do About It)


In the wake of President Donald Trump’s stunning upset victory, however, muni investors were forced to readjust their expectations of fiscal policy going forward. Because Trump had campaigned on deep cuts to corporate and personal income taxes, equities soared while munis sold off, ending a near-record 54 weeks of net inflows. — Frank Holmes

9. Sometimes Doing What’s Best for Customers Isn’t Always Going to Make Them Happy


What does it mean to be a customer-centric company? That seems to be the question of the week. It started off with one of our subscribers emailing in the question, followed by two reporters wanting my take on this now-popular phrase for their interviews. — Paul Laughlin

10. Why We Solve the Wrong Problems


Everywhere I look I see organizations and people investing heavily in new initiatives, transformation, and change programs. And in almost every case the goals will never be met. One of the most crucial causes of the failure? The right questions were never asked at the outset. — Paul Taylor

11. Private Equity Head Tapped to “Fix” US Intelligence Apparatus. Why?


Why should we think the head of a private equity company could effectively “fix” US Intelligence? It is not apparent that this individual is even remotely qualified to fix the US intelligence apparatus. — Kathleen McBride​​​​​​​

Douglas Heikkinen
Perspective
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IRIS Founder and Producer of Perspective—a personal look at the industry, and notables who share what they’ve learned, regretted, won, lost and what continues to ... Click for full bio