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.
WIth all due respect, you seem to have a bee in your bonnet regarding Schwab. I can appreciate someone liking one's financial institution (e.g. USAA) and being upset when it is bought out by another company. I've had enough of my banks bought out…
Yogi's description seems reasonable in light of Schwab's restrictions: only S&P 500 stocks (no ETFs) and market orders only (limit orders are harder to track). Further, fractional share orders are treated as ... market “not held” orders, and wi…
Like all class action suits the only ones who make money are the lawyers.
Not to worry. In case you feel that investors should instead be able to file individual claims, your wish has been granted:
If approved, Settlement Class Members will recei…
But who believes slapping huge tariffs on our friends is positive?
They weren't the last time.
The [Smoot-Hawley] tariffs upended relations with America’s northern neighbor, Canada. The outbreak of protectionism infuriated Canadians, who retaliated…
I've had my eye on Brandes funds for a long time. Though I've not been able to fit them into my portfolio without a significant reshuffling of funds (i.e. not just a simple one for one swap).
A distinguishing characteristic of Brandes is funds…
In light of the marketwatch piece cited by stillers, perhaps the question should be:
If he who can’t be named fires he who can't be fired (without cause or Supreme Court pretzel logic) ...
"Pretzel logic is an expression used to describe someone’s…
This administration also wants to dismantle FEMA and push the disaster relief responsibility to the states. Do you think Florida state can handle hurricane Katrina alone? We have witnessed how difficult to recover after Katrina even with FEMA assist…
Advocating teaching first graders how to accessorize their steaks! Just wait until the North American Vegetarian Society gets wind of this.
For educational purposes only (note blue label):
Not directly related to the subject matter of the piece but still worth noting is the update at the very bottom of the page:
(An AI summary previously at the top of this story was removed because of misquotations.)
Instead of self-censoring, maybe …
Yesterday (Sunday) Fidelity was showing Friday figures (e.g. SPAXX at 3.98%). But today Fidelity is showing the weekend figures. For example, FDRXX shows 4.05% as of April 6th. When you look at the fund page, check the "as of" date right above …
FWIW, the Fidelity page for SPAXX currently reports a 7 day yield (as of Sunday April 6) of 4.99%. But if you look at the holding in your Fidelity portfolio (this is the default fund for taxable accounts), it shows a yield of 4.98% as of Friday, A…
We were in Antartica (including several islands) just a few weeks ago. Let me tell you, those penguins are all over the place. Even in March, months after breeding season. In some areas you can hardly move without bumping into them. Why, they…
I understood. What I reproduced above was from Schwab's page showing "wrong" (i.e. stale) data. The same numbers that M* showed at the time.
I've since figured out what is happening (with careful rereading of your post). I'll add more detail l…
Could you say where on Schwab you're looking? What I see as of 9:46PM is:
https://www.schwab.com/research/mutual-funds/quotes/summary/wcpnx
NAV Change Net Expense Ratio YTD Return
$9.68 +0.02 (0.21%) 0.65% 2.90%
Quote data as of close 03/31/2025…
So as not to further offend, I am reproducing below two of your posts in toto. The only editing I've done is to highlight the two sections I have questions about.
With respect to the first (FLPSX pricing) I previously asked: "Speculation or did yo…
IMHO it's not so much a question of what is "normal". If an investor is not comfortable with occasional short term "abormal" fluctuations, then perhaps the investor should be looking elsewhere.
JAAA's price range yesterday was 17¢. That's a shad…
Your FLPSX ($40.21) and other Fidelity funds' marks were updated at Schwab prior to 7PM EST.
Speculation or did you check Fidelity's prices at Schwab prior to 7PM EST last night? When I looked at Schwab's price for FLPSX shortly after making my po…
Just a warning. If you use Portf. Mgr, don't trust it. Check the ACTUAL numbers at your brokerage's website.
While people love to rag on M*, often it's not the one at fault. Tonight, upon checking the ACTUAL numbers at my brokerage's (Fidelity's) …
things didn't work out so well for the last tariff czar McKinley, if you know what I mean!
He didn't get to run for a third term either? :-) Though he was succeeded by a Roosevelt who did run for a third term. No, not that Roosevelt.
IMHO the biggest problem is the uncertainty. What are the tariffs today? Wednesday? Next Tuesday? And because businesses cannot make long term capital allocation plans, this virtually guarantees that GDP will be below potential GDP. That's an…
Some people are better at search queries than others. So let me offer a little tip: if one is looking for a page containing an exact phrase (preferably of more than a couple of words), one can try executing a search for that precise phrase. Here, …
The House's January "Menu of Options" is just that - a laundry list of "some 200 ways the government could raise extra funds to offset the impact of extending the 2017 Trump tax cuts." It's a bunch of bullet item talking points with no detail. W…
I started wondering what would happen if all the "real car" (not SUV, not truck) manufacturers simply picked up their marbles and went home. Reuters reports:
Automakers may spread the tariff cost between U.S.-produced and imported models, cut back…
Yesterday a dividend was received from one of the 9 CEFs. But it was “reinvested” into the fund (as I’d previously established) separately. In other words, the share total in the “basket” for this fund did not increase. Rather, a new position in the…
Would it be possible that by removing advisory boards it might be easier to cook (even maybe overcook) the government books?
You mean like redefining words to mean what the government wants them to mean (thank you Humpty Dumpty)?
Reuters: US Comm…
You might consider SUTXX (Schwab) or FSIXX (Fidelity, Merrill). No B/A spread, no fluctuating prices, no premiums/discounts, no 1099-Bs, no wash sales, and nearly identical performance to SGOV.
Through March 24, FSIXX has returned 0.97% and SGOV h…
Fidelity does not seem to have updated its documentation with respect to Fidelity Wealth Management.
https://www.fidelity.com/wealth-management/wealth-management-detail
Fidelity® Wealth Services (FWS) Wealth Management service-level clients must ge…
It looks like one can trade etf MMFs at T Rowe Price, even though you can't do this at Fidelity or Schwab.
https://mutualfundobserver.com/discuss/discussion/63581/fidelity-schwab-block-orders-of-blackrock-and-texas-capital-etfs
I agree that Fideli…
Based on my experience, I would trust USPS over several American companies, including TRP, for customer service.
The sum total of your experience with USPS expressed in this thread is that the USPS failed to deliver a letter that you were expectin…
I was recently notified by USPS Informed Delivery that a letter from TRP will be delivered. ... I did not receive the said letter... Two days later my neighbor brought over the TRP letter.
...
I would trust USPS over TRP for service reliability.
L…
ISTM that if the FDIC were to be wound down in an orderly manner (hah!), only new deposits would be at risk. So this possibility doesn't strike me as a reason to avoid CDs or other insured bank accounts.
OTOH, if the FDIC were to implode due to …
Vanguard Cash Plus Account benefits
One account. Two ways to divvy up your cash:
Keep all your money in the bank sweep program [and/or] Diversify into 5 Vanguard money market funds
https://investor.vanguard.com/accounts-plans/vanguard-cash-plus-acc…
Otherwise, it's just sparkling idiocy.
Or foamy idiocy. As in "The Champagne of [Bottle] Beers", something the EU may smash on sight (if on site)
https://www.foodandwine.com/miller-high-life-destroyed-belgium-customs-champagne-7483246
Perhaps ou…
That sort of makes sense. The Social Security Fairness Act of 2023 makes adjustments to claimed benefits. These adjustments are made to all eligible claims beginning Jan 1, 2024.
Independent of this is another SS rule: you can make claims retroac…
Here's Raymond James table of which GSEs are state taxable and which are state tax-exempt (eg. TVA exempt, GNMA not):
https://www.raymondjames.com/wealth-management/advice-products-and-services/investment-solutions/fixed-income/taxable-bonds/govern…
Tthe complaint hinged partly on CapOne advertising the old account as having one of the highest interest rates. Otherwise, it might have no more obligation to its customers to notify them of a better in-house account than it would have to notify th…
I believe the total to be 37.2 +8 = 45.2% state non taxable ? Agree or not ?
Disagree. I believe (but haven't checked lately) that it is percentage of income, not assets that matters. In any case, Schwab, like all fund sponsors, provides taxpayer…
Not that it matters, but this "bug" was not well reported.
The way many of the reports came out (COBOL, ancient people supposedly getting benefits) made it sound like a Y2K problem. A lot of business programs, often written in COBOL, represente…
which may indicate investor demand
Just speculating here since I haven't taken a close look at newly launched ETFs. ISTM that since there are no owners when an ETF launches, there could only be buyers in the secondary market. A premium might not…
"...in a country where people are facing systematically higher financial and job insecurity, the people are, on average, less likely to save...."
This is a rather odd conclusion involving multiple uses of the word "saving". It does not come from t…
