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Since I have an IRA there, I can attempt a trade with the symbol. When I enter "buy", it tells me the min required. Since I don't have enough free cash in the account (I keep IRAs fully invested), when I preview I get an error message:
Error:(313…
Lots of T. Rowe Price funds made money last year (2018). In addition to the five listed were several bond and allocation funds (and a couple more domestic equity funds). That goes to @Derf 's point that cash and fixed income did better than equit…
FWIW, AKRIX is available with a $2500 min in Fidelity IRAs, albeit with a transaction fee. A buy-and-holder might amass a few more pennies by saving 0.27%/year (1.05% vs 1.32% ER) over time, even after paying the fee.
Heartland Advisors isn't quite the place I'd go for insight into the bond market. Remember that Will's dad (William J. Nasgovitz), CEO and controlling shareholder at the time, settled with the SEC for mispricing two muni bond funds. As a result o…
" Recently, I repurchased TEQIX ..."
This illustrates what I was saying about keeping a toehold in Mutual Series. Had you done so, you would have been able to have purchased the MQIFX share class and not incurred the 0.25% 12b-1 fee in TEQIX. Ma…
Obviously written from a UK perspective. In the US, internet savings accounts are almost always practical for taxable accounts. For IRAs, less so, though I find that MMFs like FZDXX at Fidelity ($10K to open, $2K to maintain in an IRA) and VMMXX…
If you're going to sell your whole position in MDISX, then covered vs. noncovered is meaningless. You'll just add the total cost of the shares together, subtract that from your proceeds, and report that as your gain. (Except that shares purchased…
Also agree, with a couple of interrelated comments.
You have virtually no foreign securities (3%). Certainly Buffett and Bogle would applaud this; others (myself included) would differ. Regardless, if that's your intent, then why bother with VS…
That page looks okay as far as it goes, but it's about as clear as mud if you don't already have an idea of how the industry is organized.
For example:
"The Dual Registered channel includes RIAs who are dually licensed as both a registered investm…
FWIW, Fidelity just posted my final 1099 yesterday (Feb 15). It's dated today (Feb 16). It wasn't available for import by tax software as of 12:01 AM Feb 16th, though it was finally available later in the day.
Many of the online brokerages are, technically, clearing firms. I thought that it was the other way around. That online brokerages are introducing firms. Some use independent clearing firms like Pershing, Apex, etc., while larger ones tend to be s…
For those who would support open borders but for the economic and/or social impact, for those who would support (more?) people entering legally, so long as leeches were excluded, you might read up on "White Australia" - the official government polic…
Gundlach compares his marginal rate with Romney's effective rate, which is taxes ÷ taxable income. In addition, Gundlach is comparing his federal plus state marginal rate (that's an extra 13.3%) with Romney's federal only effective rate.
I'm n…
Taken to its extreme, the argument that owning multiple funds in a category is no different than buying an index fund (albeit at higher cost) leads one to say that a fund with multiple managers is like an index fund.
Okay, that's a little harsh bec…
Can anyone explain why they use managed mutual funds that cost you 1-2% to own ...
What do others think? What are the reasons to use managed funds over free ETFs?You're starting with a number of questionable assumptions:
- that ETFs are all pass…
Quick answers:
- Employer plans, whether SEP IRA, 401(k), or other, are independent of IRAs. So contributions don't affect Roth IRA contribution limits.
- The 2018 combined employer/employee contribution limit for 2018 was $55K; for 2019 it is $…
This article is actually comparing two forms of lump sum investing: invest now, or invest when the market is next at a low point. (It just does this repeatedly and averages out results.) The low point is defined as the minimum point between two …
We don't have charge cards with either First Republic or Schwab, but we do have ATM withdrawal cards. We never use those domestically, but when doing foreign travel we use them, and both are no foreign transaction fee. So far they have worked very w…
An oddity of the old 2% Schwab Visa card that evolved into the Bank America Cash Rewards card is that it retains one benefit of the old card: no foreign transaction fee.
We just got back from a trip and I tested this by purchasing one high speed…
Yes and yes --- sort of. Hold FRIFX at Merrill and have 1099R. Perhaps not applicable.Not applicable seems to be the right answer here. I have not received a 1099 for one fund in a taxable account held directly with the fund company. Yet Fidelit…
Still only house funds (Fidelity) and some iShares:
Free commission offer applies to online purchases of Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account. Bold font in originally cited article. Like Vanguard, Fidelity isn't se…
Has anyone looked into opening brokerage accounts for bonus payments and buying short term Treasuries (at no commission)?
I started researching this, and see that E*Trade will pay $200 if you bring $25K to a new account for six months (1.6% annu…
Thanks. I just added a couple of comments to the article (summarized below):
- You must maintain a checking account with BofA to get the boost in rewards on their cards. BofA reserves the right to close that account without notice and without r…
Mona
10:57AM Flag
Hi Mona, sorry made a mistake, vanguard has tax forms but schwab will be available 2/15 like you stated
hagd
Vanguard: "Mutual fund or brokerage accounts with the REIT Index Fund and the Managed Payout Fund will be available mid-…
Price mailed mine (IRA) in mid to late January. My other fiduciary accounts are Roths and I don’t take distributions from them. Everything comes out of Price. Ready to go. Waiting for the motivation to arrive. :)
Sounds like you’ve already tried …
This is not uncommon. For example, T. Rowe Price is sending out 1099s at about the same time for "T. Rowe Price Real Assets Fund, T. Rowe Price Global Real Estate Fund, T. Rowe Price Real Estate Fund, and T. Rowe Price Small-Cap Value Fund."
https…
Didn't read the article either, but doesn't seem to add anything new to the discussion. So I'll just reiterate my observations when the Buffett letter came out:
- I might have suggested 12% (that would amount to a three year buffer @4% drawdown/ye…
You're familiar with the facts and claims presented? You seem to be suggesting that if investors hire someone who owes a fiduciary duty to them and that duty is violated, they can always walk away and buy something else.
Even though fund boards h…
Since you asked the question, even when after tax yields are equivalent, the muni bond results in lower MAGI, however MAGI is calculated. (It's computed differently for Medicare IRMAA, for IRA deductiblility, etc.) That's because the pre-tax amou…
Whether he was simply lazy or dishonest, I was bothered by the fact that for after-tax performance he compared small cap funds with the S&P 500:
For the “after fee” performance record, we ... look[] at mutual fund out and underperformance versus…
Don't have time to read the underlying paper now, but a few thoughts come to mind regarding his first point. Namely that funds are reportedly outperforming "less often" before fees.
He uses "less often" to mean smaller percentage. We don't know i…
For institutional class funds, Fidelity. Access can be easier than at other brokerages. Often Fidelity sells institutional shares with low mins in IRAs (not displayed on the website's fund pages); and transaction fees are low, at $5 for increment…
Fidelity has a whole series of Series funds that are designed to be used exclusively in its funds of funds. I have no idea what this buys them, but it is not uncommon for fund families to do this, even with index funds.
@Rbrt is correct that FSKAX…
As I recall, American corporations were sitting on the largest cash horde ever. (Not positive about the "ever", but it was at least huge.) So lack of cash was not an obstacle for capital expenditures.
Maybe handing consumers more cash would h…
Here's the full paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3075023
My take from the ETFStream summary is that, to answer @hank 's question, volatility is reduced by rebalancing. This comes from the statement that the Sharpe ratios …
Three month Treasury auction is projected to yield 2.37%. I'm not convinced it's worth going out another 15 months to pick up 1/8 of a percent. (Certainly not in a taxable account if you're in a state with even a 5% income tax.)
Really flattening…
You're looking at performance for Jan 29th, and on that day, VFINX dropped 0.14%.
Edit: The D&C own website says:
Daily Prices
as of January 29, 2019 Price Change from Previous Day
Stock Fund $185.02 …
