Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@stillers I'm with you on FSELX. It was the first purchase in my wife's Roth IRA back in 1998. Bought some more two years later. Needless to say, she's happy with the 25-year tax-free growth.
It's also my biggest holding in my Rollover IRA.
I have…
@msf I was being a little facetious with "stodgy". I really agree with everything you said. Especially to have some cash on hand for emergencies and know your own spending habits.
It just seemed to me that the overall tenor of the comments constit…
Gosh, this is a stodgy old board!
The grandson is young and time is on his side. If those stocks drop, he can wait on them to bounce back.
The real strength of his financial position is a steady monthly income, sufficient to cover his expenses and …
In his column, Fareed Zakaria talks about the strength of the US economy, then says: “Could it be that it is precisely this backdrop of strength that allows Washington’s politicians—and the Republican Party in particular—to indulge in this crazy pol…
@dtconroe I'm surprised to hear that the process to transfer funds is that complicated and slow at Schwab.
I just moved funds from my Fidelity investment account to my local (Synovus bank) checking account -- online. I clicked on Transfer, clicked…
Was BB &B carrying a large debt load? Oftentimes these bankruptcies happen after some financial engineering in which money is taken out of the company and it's saddled with too much debt for its business to sustain.
This is a really nice discussion. Lots of food for thought.
FWIW, I'm in Stillers' camp. My wife and I have owned FSELX for many years.
I realize that it's dangerous to own a single-industry fund, but I believe in this industry. Many years ago, my …
The MStar article never mentions that PRWCX is closed to new investors. (Or is that just at Fidelity?)
I envision somebody reading the article and getting all excited about buying some. Oh wait -- you can't.
Is there an ETF clone of PWRCX?
I bought some SCHW at 51+ this morning. I had considered it on Friday but decided to see how the weekend went. It touched 45 early this morning, but I spent some time looking for data and opinions before pulling the trigger.
I'm somewhat nervous ab…
Last year we wanted to cash some bonds that had stopped earning interest.
Our bank (of long standing) wasn't not allowed to cash them -- the paper bonds had to be sent in to the Treasury Department. TD had mailed us a form with good instructions.
…
Every gas station in my state advertises a credit price and a cash price.
We use a Sam's Club MasterCard for gas -- 5% cashback (at any gas station). That's better than the cash discount (which is usually 10 cents).
David
I chose to consolidate my holdings at a brokerage (Fidelity) for simplicity. I'm 80 and when I go, I'd rather not leave a mix of financial institutions for my executor to deal with.
(Not that I want this to happen soon!!)
My Dad passed away six yea…
@ Hank Way to play the Cathie Wood spinning wheel -- up 8-10% in a short time!
You put your finger on part of the appeal of an ETF -- the ability to buy and sell throughout the day. You saw that ARKK was up about 6% and you could sell immediately …
This discussion has certainly wandered off of the OP subject! But I'll chime in about Sirius. As noted, three months free came with my new Toyota. At first I did not continue with a paying subscription. Then my wife says "I'll give it to you for Chr…
I added some FDGRX in my Roth IRA. I had sold most of my position last year before the big drop, but retained some shares so I would remain eligible.
David
FBIOX up .36% today and up 4.2% for the last week and up 11.14 % for the last month.
Of course, it's down 19.39% for the past 12 months.
Contrarian in the moment.
David
Note the description in the quote
"the acting director of the Commerce Department’s National Telecommunications and Information Administration"
I believe I read in a different news story that Trump had never appointed a Director of NTIA. So nobody…
Now I'm worried. As I said above, I have 529 accounts at TRP for two grandsons. Fairly soon they'll be headed off to college.
How hard might the withdrawal process be!!
David
Wow, what a mess!
This is even worse than the Facebook mess (and no customer support) that my wife has encountered (locked her out of her account), because money and tax law are involved in your case.
Several years ago I opened 529 accounts for my …
@ sma3
"Does it matters what you convert, if you can always buy or sell anything in either account tax free?"
I've run into a reason to move shares in a conversion: a closed fund.
I own FDGRX Fidelity Growth in my IRA. It's closed except to those w…
davidr,
My interpretation of Joe's question: the 1 Million doesn't grow with inflation, but the annual spends increase each year.
An example. For convenience, say the annual inflation rate is 2%
So in Year 1, Joe's spending is 40,000;
in Year 2…
Has the govt. published the newest IRMAA income thresholds?
I've tried looking around online, but have only found some"predictions" by "experts" (who give different numbers).
@Ben For me, one reason to have all/most holdings concentrated in one brokerage account is to make things simpler for whomever cleans up after me.
When I was Executor for my Dad's estate a few years ago, every financial account that he had was one …
FLPSX is about 15% of my Rollover IRA.
I've let it ride since August 2011.
The total gain in a little less than 11 years is 304%.
It's been one of my "invest and don't mess with it" positions.
Ditto for FDCAX (up 421% in the same time period).
Da…
I'll interpret "lately" to mean 1 Week, 1 Month and YTD.
If we were to consider "Total Return 12 months", everything looks fantastic, since the whole market was bouncing off the bottom.
A couple of mine that have done okay (1 Week, 1 Month and YTD)…
It seems like an alternative to a bank for Germans would be a Money Market fund, perhaps in a brokerage account.
Unless the MM will also charge to hold your money.
David
An extra note: even after her first afib episode and its treatment, my wife's cardiologist said "You must get the second shot".
The danger of Covid outweighs the side effects of the vaccine.
David
JohnN reported "Very small 0.3 - 0.6% side effects treatable vascular side effects like strokes or cardiac issues heart attacks"
My wife, age 77, went into afib a couple of weeks after her first Moderna vaccine shot -- rapid and erratic heart rate. …
I've not bought any new funds in 2020, but have had many debates with myself about holding some that I already own.
I've had Fidelity Growth Fund FDGRX in my IRA for quite a few years. It's been a solid fund which really took off earlier in 2020. I…
It sounds like there are not many choices of providers. Years ago my institution finally made Fidelity a choice, in addition to some insurance companies. I was with Valic, but there were several good funds to choose from; T Rowe Price Science & …
And along that coast (below Kailua) was "Robin's Nest" where Magnum lived. I think the house has now been sold and demolished.
Further north of Kailua, my wife and I stopped and talked with some kids who were rowing. They had two big long boats and …
