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.
MSF gives good advice. Since I'm squarely in the middle of the 24% bracket, it would take a tremendous windfall (or winning the lottery) to push me into a higher bracket. My RMD won't do it. On the other hand, if I should choose to retire in 2019 (I…
Thanks for your info, MSF, but it makes me wonder whether the VG Flagship rep was just blowing me off with his response about trades, or I wasn't asking the right questions. He never did address the Living Trust issue. He could have just said that t…
Well, I asked this question to my VG Flagship representative:
We have our self-managed account held in a Living Trust. Would that affect
a transition? Also, we have accounts with FIDO and TRP, also held in the
trust. What is the advantage disadvanta…
At first, the directed dividend "problem" looked like a show stopper because I currently use VMMXX as my settlement fund for distributions. Now I see that the Brokerage Account uses their MM settlement fund - same difference. Now my question is whet…
Just to supply additional info: I have 2 traditional IRA's (VSEQX $200K, and VSTCX $350K), a Roth IRA (VGELX $120K), and an AXA 401K ($500K). I turn 70 in 4/18. I'm still working so I have earned income (~$100K), deferred SS benefits (~$25K) which I…
70 in April, so I'll have to think about the consequences of delaying, and taking 2 RMD's in 2019. I'm already paying a stiff penalty on SS premiums, and I haven't started collecting yet! If I'm understanding correctly, taking the RMD after the IRA'…
Why not use the Lipper ratings directly instead of using the munging that WSJ contracted Lipper to do?
I would hope that Lipper is not fudging the numbers for the WSJ, but rather presenting a streamlined performance comparison from their more comple…
I know this will open the apples & oranges benchmarking can of worms, but I got my info from the WSJ Quarterly Mutual Fund tables which are created by Lipper. The 3 funds had C and D ratings over the last 3 years. If there are better performance…
I appreciate the words of wisdom: Simple rule of thumb: liquidate all your long term shares before distributions. Short term shares are (usually) better liquidated after distribution.
It looks like FSIVX will be the only fund distributing unqualifi…
Just a follow-up to this problem: I found (by a round-about way) that the Chrome extension AdBlock was preventing display of the table. By pausing AdBlock, or not running it on MFO at all, I was able to get the Great Owl Funds table to display corre…
@Ted: I don't understand why you're trying to shut down this thread! I'm not bad-mouthing
Fidelity. I'm only giving a factual account of my dealings with them pertaining to a relatively simple matter. I've been satisfied with the Fido funds I have …
Just when I thought it was safe to go back in the water... Fidelity sent an E-mail saying there was an "EFT Set-up Issue". I called and they said I had submitted an invalid account number for my bank. I read off the account number from my copy of t…
@davidrmoran: I've spent roughly 100 minutes on the phone with Fidelity over the last 2 weeks, and an hour or so filling out their forms, getting the medallion guarantee, etc. I would hardly call that being impatient. I wasn't asking them to fix Oba…
The ETF transfer finally "settled" on 12/16, and I was able to transfer the funds into the trust account. I decided to call Fido to find out the status of the trust ETF process, for which I had mailed in the medallion stamped application on 12/6.
Fi…
FWIW, I browsed the Great Owl search engine using IE8 64-bit, and it worked fine! So it wouldn't appear to be a connection speed issue, rather something inherent in my version of Chrome (Version 31.0.1650.63 m).
I'm just going to take a few deep breaths and wait it out. By the time the transfer is "settled", the new trust EFT process should be in place. But in my future dealings with Fido, President Reagan's advice "Trust, but verify" will be SOP!
I'm surprised by how many responses this thread is getting! I've had a Fidelity account since Peter Lynch was managing Magellan, online for the last 10 years or so. I also have online accounts with Vanguard, TR Price, and Janus. I don't look for, no…
I have no problem with moving it to Technical Questions (my mistake). I tried your link with same results. TWC Road Runner is the ISP. I have the DISCONNECT add-on installed in Chrome, but blocking/unblocking tracking sites gives same results. I'll…
"The younger Mr. Bogle spreads his bets, too—the money for his own two children is in Vanguard index funds.
"For the average investor, indexing is absolutely the way to go," he says."
The fact that John Bogle invests his son's inheritance in index…
Damn straight they should have to invest a considerable amount of their savings in the funds they manage. Maybe only 25% for the poor guy stuck with managing the Romanian Rutabaga Fund, but 75% for the Go Anywhere-Do Anything Fund manager. After all…
"The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but time and chance happen to them all.
Worth remembering.
Crash, it's good that you want to have control over your investments rather than turning it over to someone else. Brokers are in business to make money for themselves, not for you. Have you ever heard of them returning money when their fund picks go…
Reply to @fundalarm: I remember it also, but I wanted to use the actual numbers rather than say Cohen's predictions were garbage in 2008. I take them with many grains of salt in 2013 too!
Per Wikipedia:
In December 2007 Abby Joseph Cohen predicted the S&P 500 index would reach 1,675 in 2008. The S&P 500 traded as low as 741.02 by November 2008, 55% below her prediction.
On March 8, 2008 Goldman Sachs announced that Abby Jo…
"Be sure funds you are comparing for consideration are at least remotely similar." That's the issue in a nutshell! But how? In what way? I used to think Lipper, Morningstar, and even MFO were doing that for me, but maybe not. As far as management st…
Catch - Thanks for the link to your thread, and the responses of others. It occurs to me that M* is aiding and abetting this inconsistency by including such funds as JANIX and PRDSX in their Small Growth: Total Returns list, while classifying their …
I'm not "bumping" this thread to be a pain, but the MFO Fund Rating chart seems to accept a funds' self declared category, rather than it's M* investment style. Is this the intention, because it contradicts the definition of "category"?
If you're looking at the $2K/month as "found money", to play around with, then Las Vegas might be the answer. But, if you're like me, and working just as hard for it now as when making mortgage payments, you probably don't want to risk it on "luck".…
My thanks to msf for explaining the Primary/Supplemental meaning. I had a hunch the WSJ folks weren't being candid. Also thanks to BobC and hank for pointing out the pitfalls of accepting any particular organization's fund classification and ranking…
Rbrt: I'm not familiar with "X-ray tools". Can you suggest one that allows me to just plug in my mutual fund symbols, without giving away my entire financial situation?
Investor: No, I wasn't aware of the change of managers. Are you suggesting dumpi…
