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Schwab will apparently charge $50 to $75 to buy VTMFX ( although I just put in a fake trade and there was no fee) FFFDX and FMSDX. VTMFX is not available at Fidelity. Vanguard apparently has the Fidelity funds but will charge $50
It is difficult…
While it hopefully will not be an issue soon for anyone here, my mother's lawyer gave us wonderful advice several months before she passed.
We had her sign documents with the brokerage making her account TOD Transfer on Death with the kids as list…
I wonder if you were able to cancel fund order because you did it in a few seconds. The last time I tried to cancel an order, even before the market was open, Vanguard rep told me NOT ALLOWED.
The entire website at Vanguard is clunky and inefficie…
SO far so good with TMSRX but I didn't join the party until last fall.
I agree MERFX is disappointing, although I have owned it for years. This recent drawdown is one of the worst ever, especially in a rising market, and I really wonder if they ar…
Having written the above, today I couldn't find the previously easily available "email your advisor" at Schwab
The Independent Advisor for Vanguard Investors newsletter says many many people are leaving Vanguard because of this
Thanks Charles. I watched the replay. Very helpful and answers a lot of my questions.
Do you think there will ever be brokerage availability information on Multisearch?
Wrongingstar Mourningstar Sad but trus
VMMXX still has share price of zero although VMFXX and VMSXX fine at $1
They have been cutting services, functions and support to retail users for several years. They do seem to be pumping resources into g…
Listened to most of the webcast.
Matthews thinks the dramatic drops were over reactions, caused in large part by the Chinese fumbling the announcement and rollout of the regs. It also occurred at the end of the month and many investors in China nee…
While Seafarer has less China exposure than their previous shop, Mathews ( SFGIX 14% per M* vs say MAPIX 22%) SFGIX still lost 4% in the last month vs MAPIX 6%
Mathews has a webcast on the recent turmoil this afternoon ( I wish they would just sen…
@Charles I sent you a message yesterday. Happy for your help, but if the previous instruction sessions are available, I can look at them first.
Otherwise anytime tomorrow or early thursday works. I live in Massachusetts
There are a lot of financial advisors and investment professionals ( other than those that run active non Large Cap funds) who have been riding this wave claiming that they are geniuses at investment. Wonder what will happen when the music stops
Everyone is different. The "bucket" approach has alot of followers, although it is hard to track down M* Christine Benz's original articles anymore.
Still, from a purely intellectual basis, it makes sense to set up priorities
1) Money to live on.…
I just checked some of my M* portfolios and they seem to delete ok and add dividends
Maybe wait a bit? They usually respond to an email. although not quickly
It all depends on how long you think the next bear market will last. You need to have enough cash to avoid selling stocks at the bottom to live on. If portfolio ( or SP500 or whatever index you like) value is within 5% of top sell some equities for…
As he is self employed and an owner of his venture capital firm, he arranged to be paid under the Roth limit the year he pulled this off.
The problem is no one in Congress thought about putting an upper limit on Roth IRA withdrawals when they wr…
Enjoy Western New York! We, too lived in Rochester for five years well before the wineries became so popular.
A friend and I spent several hours in Konstantine Frank's basement "sampling" his wine with him in the 80's.
https://www.drfrankwines.co…
If you are interested, I would encourage you to read Harley Bassman's "Convexity Maven" blog. Even if you do not agree with his concerns about inflation, he is wicked smart and worth listening to. He also has a model portfolio in December with som…
It is bizarre. On the ipad this app is never full screen.
There is also a M* app for the Ipad, which takes you to the full web page, but in horizonal mode only!
I agree that a third party PW manger is probably safer than Apple, Firefox or Google. Both LastPass and 1Password were given good reviews in WSJ recently.
However, I do not use any of the above to store my financial passwords. I have them in an e…
@msf
I disagree that there is an adequate way to "tax" unrealized gains, that would not end up hurting the middle class and upper middle class more ( at least proportionally) than billionaires. So much more of the "billionaires" wealth is in non p…
I think this "true tax rate" is ridiculous headline generating nonsense. They take the total unrealized gain of public companies stock and then claim Buffet and Bezos, etc should have paid taxes on that number. They may be "worth" that on paper but …
Thank you all for the comments and data. I had forgotten you can run a screen at M* for availability, although I too question the validity of the data. Still it beats using the old link that lists purchase information
http://financials.morningstar.…
RIP Ted. The board is certainly slower now!
I seem to remember more details about Benz's re-balancing advice but this is all I can find now
https://www.morningstar.com/articles/840178/article
Christine Benz at Morningstar has written extensively on the "bucket approach" and has a lot of information on re-balancing and the various ways of doing it
Over the years the responses of the "discount" brokers have gotten more and more generic. This is especially true at Vanguard where 15 years ago I had one specific person who I got to know well. However, Vanguard replaced him twice without notifyi…
Agreed. David Swenson's passing points to the initial success he had with Yale's endowment in Private Equity because he was the first one to the game and had good choices, and the where withal to evaluate them. Many endowments who jumped in latte…
I am glad to hear of the TRP issues as I was thinking of moving some of their funds I own at Fidelity to TRP directly.
I have had accounts at Schwab, Fidelity and Vanguard for years and can offer the following
Vanguard is clunky, irritating and p…
I think it is worthwhile ensuring that in the event of a substantial bear market with drops like 2008 and a duration like 1930's you have enough cash to avoid selling at the bottom.
It is possible that it will take five or more years for losses to…
I used to live in New Haven and know people who worked with him. He was truly a very modest man who could have made billions on Wall Street but instead stayed at Yale almost his entire career. He certainly got paid well ( I think more than Yale Pre…
@Michelg I owned LAND for a few years, as diversification and the dividend, but got concerned about the debt level and sold it. It also has a very large exposure to California farms, and the fire situation there gave me pause. My cousin runs an avo…
I too like INFL. While it has a chunk of energy ( 20%) and gold, the other thesis is to concentrate on companies that have less exposure to rising prices of their input materials, but are "asset lite" figuring they will not be forced to raise prices…
