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.
If one is going to take an absolute position, there's no point in agonizing over how much a supposedly foreign fund has invested in Amazon, or in any other domestic company.
Would you say that because 0.32% of SGOVX is NEM (Newmont Mining); that mu…
It was pretty clear what Ben meant. That said, I've never seen "international" fund used to mean a fund with substantial (say, over 20%) domestic holdings.
But I have seen "global" or "world" applied to funds that are "international", i.e. str…
Selling put options doesn't limit anything. They're giving someone else the "option" to sell them equities at a specific price, presumably lower than when the sold them, until a specific date.
Just as selling a covered call limits upside potenti…
>> Do you have account with Merrill Lynch? You HAVE to call.
?? one can do a lot of stuff online, including all trading
did I miss a particular transaction or operation?
Apparently you did miss the memo:Merrill Lynch said it will stop automa…
Fidelity even offers some of these funds with lower mins in taxable accounts, like EVBIX. Though in general, as you wrote, Fidelity offers the lower minimums only in retirement accounts.
Fidelity EVBIX page:
https://fundresearch.fidelity.com/mutua…
"I am told by my ML handholder that etn status is not the reason, but its use of derivatives. Or something like that. "
There's that bogeyman, "derivatives". There are many people, myself included, who would say that ETNs are themselves intrinsic…
Yes, Vanguard will sell CAPE to some of its investors for free (minimum presence requirement).
Vanguard won't sell CAPE for free to all of its investors. CAPE is not an ETF but an ETN, and thus not part of the "commission-free ETF" program above.…
This thread is a followup to a bullpen post:
https://mutualfundobserver.com/discuss/discussion/40777/is-loss-aversion-a-myth
That post links to a column that in turn cites the paper that the Scientific American piece linked here is summarizing. H…
Perhaps I should be a little clearer about the ACH issue. Have you ever tried to link an outside account to a brokerage account and gotten a message along the lines of: "can only link to a bank account"? I have, but it's very rare.
One wouldn't…
She cites the ca.gov data for 2016-2017 showing that 62,251 homes were inherited without being reassessed. (That's in Table F, column (25) on p. 23, pdf p. 28.)
This is very useful. It shows that 7,027 of those homes, or about 11% of the homes wer…
Here's the LATimes link:
http://www.latimes.com/politics/la-pol-ca-california-property-taxes-elites-201808-htmlstory.html
At least there was mention, albeit just a single sentence, about the real problem with Prop 13 and "inheriting" property, viz.…
Over the past couple of decades, there have been a few $0 TF services. Not surprisingly virtually all have fallen by the wayside. Mutual funds are generally not sold short, so there's no money to be made in lending the shares. Unlike Fidelity of…
Dream on. If 'twere only so simple.
Vanguard's fees are tiered and on both buy and sell. Fidelity's and Schwab's are buy side only, with Schwab having a (sort of) set fee for all TF funds, Fidelity charging more for some funds (e.g. Vanguard's).…
I thought the site might be punning on arithmetic + mathematical reasoning, but it's just a spelling error repeated in the URL. On the home page, it's spelled correctly as: (5) Arithmetical.
https://sites.google.com/view/penpaperexam/home
The "Rs"…
I agree that Schwab offers a broader range of products, though a choice between the two when investing beyond Vanguard is not as clear cut as it might appear:
"Schwab offers a broader range of no fee mutual funds and ETFs through its OneSource prog…
Get a gig. Too much dreck out there.
Didn't read the Forbes article carefully - just scanned it to see that the advisors were quoted at greater length including some investment suggestions. The PP piece just grabbed a single sentence here and the…
So basically $100 total to buy and sell a transaction fee fund. I simply said I was paying $17 to sell and $17 to buy and then you said I was getting the short end of the stick. I couldn’t understand your logic of how I was getting the short end …
There's at least a little bit more substance than the writer acknowledged in the original Forbes column:
https://www.forbes.com/sites/kerrizane/2018/08/14/what-the-experts-say-you-need-to-retire-in-2018/#79328c8c52cd
The inflation rate "has wobbled…
No, quarterly earnings reports provide transparency. Quarterly earnings based executive compensation is the problem causing short termism.That is the explanation for whatever real impact quarterly reports have on business practices.
If we had a m…
I'll try briefly beating a dead horse one more time :-)
TDA charges a "regular" (not grandfathered) customer $49.99 to by a TF fund, and $49.99 to sell that same fund, regardless of whether the sale is after 1 day, 180 days, or 10 years. (See, e.g…
As you can see, I edited my response while you were writing yours. I did try rereading your post until I could see what you were getting at.
I hope you'll read my last (updated) paragraph to see that one can pull off $5 round trips at Fidelity, wi…
Wrong and more wrong! Where do you get TD doesn’t usually charge a short term redemption fee on their TF funds.
I got it from their schedule of commissions and fees.
"No-transaction-fee (NTF) funds (except ProFunds and Rydex) held 180 days or l…
That is high for exiting a TF position. Many brokerages charge $0 (though they may still limit the number of short round trips you make).
"Fidelity charges a short-term trading fee each time you sell or exchange shares of a FundsNetwork NTF fund h…
Thanks. It seems to be working (such as it is) for me now also. How did you find Full View, since it's no longer in the account drop down menu, at least for me? I'd bookmarked the page when I saw they were shutting down the system this morning.
Apologies, I meant notification that it had been switched. I got the impression when I talked with tech support that some people may have been emailed links or some other notification about the new version being ready.
They are working on it. I emailed them my post above, along with a couple of paragraphs saying that while I'm disappointed in the transition, I'm more disturbed by the poor communication, to the point of misrepresenting the situation and keeping c…
Thanks for explaining. Wow did I misread you! Regardless of whether you stay with TDA or move to a place with a shorter fee period, I hope you'll take a little more time and not jump in and out quickly. Buying high and selling low has been prov…
I am not a happy camper. Fidelity attempted (and failed) to slide in its new Full View this morning (or earlier) without advance notification. They are now trying to paper it over by sending everyone a message (but only on their site, not via ema…
This column ignores the cash drag in ETFs structured as UITs. Specifically, SPY, which is nearly double the size of the next largest ETF, IVV.
Normally, a mutual fund (or ETF structured as a mutual fund) reinvests interest and dividends it rece…
Here's M*'s latest story on HSAs: How to Escape a Lousy Health Savings Account It talks not only about a once a year rollover, but about more frequent periodic direct (custodian to custodian) transfers which may unfortunately be subject to fees.
A…
The question appeared to be about the investor's financial situation, not about the investment's performance. How to sell out of any investment cheaply in an emergency. I agree with Ted's sentiment - that mutual funds (including target date funds …
"Resolved, that the Senate affirms that the press is not the enemy of the people; reaffirms the vital and indispensable role that the free press serves to inform the electorate, uncover the truth, act as a check on the inherent power of the governme…
Something I don't understand is why any investment (aside from cash equivalents) should be considered acceptable for short term needs:
"If you're selling out of an active MF within 6 months, then you have no business investing in it. Just buy a bun…
I believe that there is still no short term trading fee at WellsTrade. This assumes (a) that you consider WellsTrade a major brokerage, and (b) that you want to have anything to do with Wells Fargo.
Elsewhere, the minimum seems to be 60 days, e.g.…
Respect - she earned that and a whole lot more.
(Will play in separate window, but not embedded here)
Sadly, The Thrill is Gone
(Likewise, click through for new window)
This starts by saying "choose the manager not the fund", but goes on to explain how you can struggle to buy the fund. Why not simply follow this advice and consider other funds run by the same manger?
"Whoever you give a fund share to then become…
It would be nice if everyone had parents they could think of so fondly, and with such justification. Thanks for sharing.
Because they spent their formative years during Great Depression, many people of that generation tend to be frugal, preparing…
