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.
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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
One more thing to check - your dividend reinvestment selection.
In 2022 I had changed to reinvest for every position; I still had not turned that off at TD but Schwab changed mine to “No” for every position. I have to change for each position by…
If you are going to trade / use as a market timing tool, I would prefer DIVO (being the better one among the overwrite funds) but if you are going to buy and hold why would you prefer DIVO over SPY or its active variants? I am trying to learn the n…
My brokerages are the well known staid old guard. I do not worry that they will commit fraud on my account of usurp my funds. Many people maintain multi- million dollar accounts at a single brokerage. Sorry this does not answer your question but …
Thanks, Yogi. Good idea.
@rforno, I called the transition team to get an ETA on the lot history so I do not check before that date and was told there is no pending work on it (i.e., no ETA) as they are not aware of any issues. (I had to disclose …
@rforno,
Thanks for the info. The lot open date history in cost basis did not come through overnight, but as you suggested I will wait until next week to check on it.
I had my accounts at TD enrolled in securities lending. Like most things at TD…
@msf, Thanks. I stopped refilling ink in my rarely used printer. Yesterday, I wanted to read the form but had the Rep read relevant parts back to me. Will rely on Schwab mail to arrive to set the mutual fund lot method. I bookmarked the thread i…
Thanks, @Graust. No trouble - just life. Trying to get on with it. I am posting here to share hoping to make each others' life efficient.
Yes, the Schwab website will take some getting used to, especially if you are coming from TD and never ha…
@msf, If you have a Schwab account, you can post screen shots on how you were able to change online for mutual funds from their default average cost method.
(I had no problem changing online for stocks and ETF, except that the change is not imme…
I would wait to check tomorrow or day after your unrealized gains and losses information as cost basis information of your positions, especially the date when a position was opened, is screwed up. E.g., most of my long term gains are shown as short…
My account transferred over without any margin and options privilege, even though the account holds a long term option short position.
As you guys check and find transfer issues that you had to fix, please post in this thread so the rest of us can …
Schwab says,
"Fixed Income Amortization/Accretion
Per IRS requirements, Schwab defaults to the "On" setting for amortizing and accreting the cost basis on your fixed income positions.
Amortization applies to bonds bought at a premium (above par).…
@Graust and anyone that automatically migrated from TD to Schwab,
My accounts migrated over the weekend. For each IRA account that migrated, Schwab created an extra zero balance account at Schwab. So, there are too many accounts in my profile. D…
I would think high Div (growth or not) ought to be looked in conjunction with debt levels. Many companies are still paying low interest rates on legacy borrowing which may come up for refinancing / repayment
The relentless inflows continue with April inflows. Each month this year saw more inflows than the previous month or at anytime in the history of the fund. With its short term redemption fees, this is a fund for long term holders so YTD performanc…
Recently, AARP did a study of the largest fund families in 1989 and in March 2024.
Vanguard was at #5 with less than $50B in assets in 1989 and now is #1 with $8T in assets (grew 160 times).
Currently, in #2 position is ishares + BlackRock at $3T…
VG transferred investments in the account but still sitting on cash. Why? None of the investments pay distributions until December. Please share your experience in transferring assets from VG - whether they transfer the cash on their own or they…
New MM rules coming later this year. I think these were covered in the forum before. Article does not appear to be behind paywall as I was able to read - https://www.bloomberg.com/news/articles/2024-05-08/money-funds-start-shuffling-assets-ahead-o…
I tend to make after market buys which means I have to leave some amount of unrestricted cash in sweep which is good for the brokerage that pays nothing on the sweep.
If you do not have free cash in your sweep, you will not be able to place after hour buy orders in your IRA and non- marginable taxable accounts, and margin interest charge in the margin taxable account. With high MM rates, liquidity in the after h…
Thanks, @Mona.
I am not looking for the lowest premium provider. I already have a 20% lower quote from a different company than my current insurer (increased YOY premium by >50%) but my current insurer has marginally better customer satisfact…
"Non-profits don't have to please their customers. For-profits do -- or they're in trouble, sooner or later." That sums up nicely.
A lot of hospitals and big box healthcare service providers are also non-profit, and boy their price gauging is leg…
@graust,
Just an FYI - In the trade ticket at TD, if you click on the Ask price, the trade ticket will automatically change from a sell order to a buy order. If you do not pay attention to this glitch, you will end up buying when you planned to se…
Update on account transfer from Vanguard.
May 1st after market Close, I submitted the request at Schwab.
On May 2nd, without any alert / notification, Vanguard promptly cancelled my buy order and did not allow me to cancel my sell order. Simultaneo…
@hank, check out DYNF, an active multi factor (or factor rotation) 5 yr old ETF from Blackrock. The ETF could not pay to get AUM until this year. Then all of a sudden 95% of the inflows came in 2024, with $4.5B coming on 2 days. Now, it has more …
Betting on America, I bought BA stock in the after hours as I did not see the launch being cancelled yet.
and then this -
https://apnews.com/article/faa-boeing-787-inspection-investigation-4b6ac28d8ab0d7687112e2cbb7bf6e00
This is how a culture pr…
@old_joe,
Thanks. I am fairly certain it is a Fidelity Community thread where at least one Fidelity Rep participated. I tried to search for that thread using the Community search function but could not locate it. I go there only once a month an…
From the comments, I think all you guys, just like me, are passive holders of PRWCX. I tried to make extra effort not to sound alarm about the fund or PM as I was afraid some posters might take it that way. I am not concerned about the fund but b…
Thanks, Yogi.
When I have time, I would like to dig up that previous thread on how a brokerages apply (FIFO vs cost basis) STTF (and short term redemption fees). If it is not here, it would be at Fidelity Community.
https://www.fidelity.com/mutual-funds/all-mutual-funds/fees
To me, the Fidelity text on short term trading fees (STTR) on transferred OEFs is not as clear as Schwab's ("Schwab's short-term redemption fee of $49.95 will be charged on redemption of f…
They can not bill you for the IRA. If you are fully invested in your IRA, how does the outgoing company charge their fees: liquidate pro-rata each of the investments?
"How Schwab handles free cash is the only serious problem I've had with them since moving from TD back in Oct 2020."
I thought their handling cash has been the same ever since the acquisition was announced. So, even if you were to stay with TD unt…
