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.
Re yield: Inflation fears in expectation of and after Trump's win and more tariffs / higher inflation.
Re gold: People are switching from gold to crypto after Trump's win / remarks as inflation hedge.
Just my 2c.
p.s. @rforno if you are referencing these twelve not all ETFs, then - yes, the ETFs listed above have been available for several months, but they are calling the entire program pilot for now so they can limit individual access or shut it down more e…
@rforno according to the rep - these are the only ones currently available for 24x5 (which matches what was in the original article, "Currently, Schwab offers overnight trading in only about two dozen ETFs.") - but I have not tried it out myself. Na…
If they’re currently running a “pilot program”, that list should be publicly available. Wouldn’t you think?
Yeah. And, seemingly, it's not just publicly unavailable but it is so 'private' that a Schwab rep I spoke with had to go back three times to…
For @msf and others interested in CC travel insurance, just came across this:
Credit Card Travel Insurance Study
In summary, according to their metrics, out of 98 cards top 3 are:
1. Chase Sapphire Reserve - best for Travel Accident Insurance
2.…
CapitalOne gives 5x on travel you book through them with their Venture cards, not their Quicksilver cards. Since much of our spending these days has been on travel, I've been willing to look at cards biased toward travel expenses.
Makes more sense…
I must be missing something about CapitalOne. None of their 1.5% cash back cards seem to have a higher rate on travel like others offering 4% or 5%. Price match is nice but it only works for 24h, only refunds in travel credits, and you have to go th…
@msf I did some digging on U.S. Bank website and it looks like you might be able to get away with $50K IRA balance to avoid the $50 annual fee on their upcoming Smartly Visa.
This may need to be verified, but it seems like if you enroll in the fre…
Time to load up or buy NIXT
You may want to consider taking a look at this:
The index reconstruction effect: An event study on the OMX Stockholm Benchmark Index
Robinhood has a 3% cash back card - no limitations (aside from standard ones on buying cash-equivalents) - with 5% cash back on travel booked via Robinhood Travel portal.
https://robinhood.com/creditcard/
Technically, the card has no annual fee, bu…
Currently, Schwab offers overnight trading in only about two dozen ETFs.
Does anyone know where I can look up a list of these ETFs currently available for overnight trading? Can't seem to find it on Schwab's website.
@sma3 MVP was my bad - its MPV as above.
I do not like to pay premiums for CEFs either, but if M* is to be believed MPV looks to have been bouncing between premium / discount in 3-4 years a runs and the current premium sequence has just started - a…
@yogibearbull I guess I would have minded this less if the trading was heavy so the next order was a fraction of a second later. But in this case, the next order posted a few minutes later, so - with today's technology - I would have assumed that th…
@msf In your scenario it makes a bit more sense, but in my case it was more like I had a limit for 200 shares @ $50, got filled for 100, and the next trade came in for 50 shares @ $49.90. So my standing order could have absorbed the entire block wit…
@Crash Yeah, my feeling exactly... Alas, Chucky charges for these orders while Fido does not. Hopefully, this one trade won't gobble up all the $$ I've saved with Fido so far. :)
@yugo So if I'm reading you right, after market close & account settles , your purchase shows & MM has been lowered by the cost of purchase?
Thanks, Derf
@Derf It depends on whether you are refe…
Quick update on a Schwab issue I had mentioned previously,
I recently noticed that in all my Schwab accounts I am now able to place a buy stock / ETF order first and then place a sell MM order to cover for the buy. This means that I am also able …
As of May 16th, 2024, there are no ETFs subject to the service fee (of up to $100).
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/noindex/service-fee-eligible-ETFs.pdf
Alternatively, you can always sell something worth $0.87 in your account that does not have a transaction fee and then invest the $0.13 + $0.87 = $1 in the chosen fund...
Was able to initiate new BIVRX position via Schwab's PCRA retirement plan portal. Don't know how or why, but it gives access to (soft?) closed funds.
I've just tried testing this by setting up a Schwab PCRA trade and got a message: "Buys for existi…
Sure, it's a personal choice. Just to add my 2c: a CC application itself normally causes a hard pull on the credit report which can, indeed, 'stay' on your report for 2 years but 'affects' your score for 1 year. I did this offer last year - it cost …
@Derf per Schwab: "The combined total of our SIPC coverage and our "excess SIPC" coverage means Schwab provides protection up to an aggregate of US$600 million, limited to a combined return of US$150 million per customer, up to US$1.15 million of wh…
I agree with pretty much everything said above. Something to add:
1. Elan is a real pain to deal with if you ever have a problem with an incorrect charge or, say, a refund that does not go through. I have had such issues on several cards and, in s…
Coverage is $500K per 'separate capacity' - defined, loosely, by account ownership and type: https://www.sipc.org/for-investors/investors-with-multiple-accounts
Since it sounds like everything is currently in a "joint" account, you could open an 'i…
Tough love here, so take my comments with a proverbial grain of salt and PLEASE do not be offended. Just trying to help.
No offence taken whatsoever. On the contrary, I'd asked for advice and sometimes the best advice is straight-up critique.
Her…
Thanks for the advice, everybody!
Its a good starting point for research.
Please post any other suggestions you might have.
Also, I mostly invest in funds but am game for individual stocks / other securities in smaller amounts to spice up the p…
Before doing anything, you might first consider checking your credit reports from all 3 agencies. (You could get those free here: https://www.annualcreditreport.com)
Hopefully, you will not see anything alarming and the entire incident would turn o…
Beer googles?
Definition from Oxford Languages:
"Beer goggles" - used to refer to the supposed influence of alcohol on one's visual perception, whereby one is sexually attracted to people who would not otherwise be appealing,
when applied to finan…
Thanks @msf - I did not know that.
I had always assumed that when they said "Fidelity charges a short-term trading fee each time you sell or exchange shares of a FundsNetwork NTF fund held less than 60 days." they meant actual share lots. Is there…
But it also used to be that a Private Client customer at Fidelity was assigned a specific rep. No more at either brokerage. Fidelity still assigns you an individual Premier Services Advisor.
@msf did they also used to assign another kind of "…
Recently, Fidelity website did not allow me to place a trade and I called their tel line from my car. The Rep placed a trade and confirmed that there will not be a fees or commission. But I was charged a broker assisted fees. At some point we jus…
They charged me. But I didn't buy them through Fido. So I'm not complaining. I am glad I sold at the lower rate.
Hmm... The fund profile page for VWINX seems pretty clear:
You will only be charged a transaction fee when you buy a FundsNetwork TF fu…
@WABC: you forgot "Alcohol makes people buy stocks" :)
LOL. Yeah. Beer goggles.
And if you can't find a Ginger or Mary Ann, blame the Fed.
"Beer GOOGLs"
Fidelity does not charge a fee when selling any mutual fund - even if there is one for purchasing - unless it is an NTF fund held for less than 60 days.
So, is the 8.79% yield basically a pass-through of the ST 40% taxable income component from the commodity-linked derivatives trading then - or is this mostly coming from a bunch of high-yielding MLPs / pipeliners they are holding?
