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.
When Junkster wrote about a modest account, I didn't realize that what he meant was that the account owner was being modest. :-) Nice job, and congratulations on getting that bonus.
While I feel that Fidelity is one of the best places going in t…
Bonuses on brokerage transfers seem to be this decade's version of the 1990's checks for switching long distance companies (MCI->Sprint->AT&T->MCI->...)
Here's a third party page that points you at various Fidelity promotions (like …
A diversified mutual fund (let alone a non-diversified fund) is allowed to own up to 10% of a company (so long as that doesn't constitute more than 5% of the fund's assets).
Chipotle has nearly 30M shares outstanding, so Contra's 2M at the end of 2…
Fidelity will do in kind 401(k) to IRA rollovers if the IRA is with Fidelity. See item #4 (p. 2) in their plan distribution request form here:
https://nb.fidelity.com/bin-public/070_NB_PreLogin_Pages/documents/403b_Rollover_584380.pdf
T. Rowe Pri…
So I have one fund BPRRX at Scottrade that I will lose since it is closed to new investors.
You could do an ACAT transfer of your BPRRX shares to another brokerage before closing out your Scottrade account. It appears that transferring out part o…
Fidelity Automatic Investment Program lets you schedule periodic purchases.
https://www.fidelity.com/cash-management/automatic-investments
See footnote: "After the initial investment, a $5 fee is charged per automatic investment into a FundsNetwork…
VF - not sure if you're reading this correctly. Years ago, TDA had no NTF funds, plus a high transaction fee; the combo meant I didn't even take a look at them.
But that was years ago. These days, it's got a very respectable stable of NTF funds…
From the article: "In recent years, some shareholders have tried to force Wells Fargo to hire an independent board chairman, contending that the dual role held by Mr. Stumpf assigns too much power to him."
That would include PRBLX (but not Vanguard…
DavidV is correct on fees for vanilla TDA accounts. Here's the pricing page; click on Mutual Funds tab: https://www.tdameritrade.com/pricing.page
"Please note: No-transaction fee (NTF) funds (except ProFunds and Rydex) held 180 days or less are s…
I think that was closer to 2:30PM - I caught that also (and ducked out around 3PM).
Like a high school debater, Stumpf was answering the question he wanted asked, not the question that was asked.
The question he wanted to answer was: will you fo…
Ooooh, did MJG just write that the average fund investor held three funds, when the statistic was for the median investor?
Shame, shame, shame :-)
OJ - without checking the ICI data, my guess is that the IBD column was poorly written. All the bul…
Interesting. I would have expected modest distributions because it seemed we got hefty distributions last year. That was a year of small growth after some hot years, so I thought those distributions would have cleared out much of the capital gain…
Remember the tv series "Wells Fargo" back in the 60s? In that show, robbers on horseback often attempted to hold-up the Wells Fargo coach hauling the bank's loot.
Watching the televised hearings today, it appears the tables have turned and Wells Fa…
This was a rather strange sentence:
"Buying Scottrade could enable TD Ameritrade to reduce costs by eliminating redundant back-office systems, while bringing in new customers, he said."
The simplest interpretation is that what was meant was that th…
Caught related info on the radio yesterday (while driving, so only got the gist).
It used to be that companies paid workers to go to college, but these days that's rare. And where these programs still exist, they're very limited. Starbucks was …
That arbitration clause in most hiring and many other legal contracts.......hire and pay for the judge and cross your fingers, eh? You're on your own.
Now, if this situation becomes more in legal stature, say from a department(s) of the U.S. governm…
People's usage differ (YMMV), but I find that at the platinum ($50K) rewards level, the two BofA cards (Travel Rewards and Cash Rewards) usually beat the Fido and Costco cards.
What's the Amex card?
The Travel Rewards card gives 1.5% + 50% bonus =…
@davidrmoran - you beat me to some of the links (and comments). Though I do agree with the sentiment that I wouldn't trust much written by a Fool. Which is why one wants to go to the source.
Here are a couple more links:
Age vs. household weal…
That rate wouldn't have anything to do with your Merrill Edge account per chance?
BofA Preferred Rewards discounts: http://info.bankofamerica.com/preferred-rewards/details/
Sure a little cross selling, what could go wrong?
Hint: see Citibank, Cha…
BB&T? It may have started as a local bank, but now?
(BofA is also a home grown bank for you - Nations Bank adopted its name a after merging with it, the bank is still based in NC.)
"BB&T (Branch Banking and Trust) is one of the largest f…
When someone first mentioned Parnassus, I looked up its proxy votes and compared with Vanguard. Night and day. No, Parnassus wasn't perfect, but it supported most shareholder resolutions and clearly looked long and hard at all of them. It (li…
Since the question was about exposure, perhaps concentration (rather than shares owned) would be more useful. See the "Concentrated Owners" link on the M* page Mark gave.
(If the interest is in proxy votes, then it's the absolute number of shares…
Thanks for the follow up. $1M or $18M, it was still a tiny fund. As part of the reorganization, the fund terminated fee waivers, so that the shareholders wound up paying higher expenses. Not exactly a good strategy for acquiring or retaining a…
The SAI says "the Dunham Alternative Strategy Fund is considered the successor to the Sherwood Forest Alternative Strategy Fund" as a result of a reorganization (Feb 22, 2013) that moved the fund from the World Funds Trust to the Dunham Funds.
Morn…
debuted at Fenway
In 1949, does that really count?
Curiously, Scully thanked the fans for following him (only) since 1958!
( "Since 1958, you and I have grown up together ...)
The paper does not express concepts clearly, giving the writers the benefit of the doubt that there are well-defined underlying concepts.
For example, is human capital "the net present value of his or her future earnings" (p. 6, pdf p.8)? That's …
Here's some more analysis of the recent ProxyInsight data, with an environmental focus.
https://preventablesurprises.com/blog/the-missing60-are-found-yet-still-are-lost/
Like the NYTimes article, it calls out Vanguard and Blackrock, both of whic…
I think it's worse than tobacco. AFAIK, tobacco ads were always permitted (like ads for pretty much anything else) until they were banned.
In contrast, drug ads were banned until 1985 when they were intentionally permitted. It got worse - in …
Thanks. I did contact Nevada's Vanguard 529 plan, which is really run by Ascensus Broker Dealer (Vanguard is only the investment manager). They were quite clear that they require a 529 beneficiary to be a resident. Ascensus added that they had…
Annualized - take a cumulative figure over any time period, and scale it to one year.
Investopedia's got this right:
http://www.investopedia.com/terms/a/annualized-total-return.asp
Note that I cite Invesopedia here not as an authoritative source,…
Gripe to the SEC (How to Read A Mutual Fund Shareholder Report):
Performance Table. Underneath the line graph is a table showing the fund’s annualized (or average annual) returns for 1-, 5-, and 10-year (or for the life of the fund, if shorter) peri…
Somewhere I've still got M-W's 2nd unabridged, on onion skin (from my parents). The last edition before they started including slang. If I can find it (not likely), I'll see what it says.
If one insists that average means (no pun intended) ar…
Defined pensions are a thing of the past. Only about 5% of workers have them and 50% of those work for gov't.
Speaking of fuzzy statistics, this number sounds way off. Pensions are declining, but not nearly that fast. As of 2011, 18% of privat…
Naw. How it's used and what it means are two separate issues. Geez, you were at Berkeley. Ask any of my committee professors there.
Let me get this straight. I'm supposed to ask Cal academicians how the hoi polloi use a term of art, because your pr…
I know you know this Hank but these values (medians) are not averages, they are just the middle.
A look at the word “average”, American Mathematical Society Blogs (May 12, 2012):
Average "has three mathematical meanings: it could be mean, mode, or m…
Gerstein Fisher Form ADV Part 2A, on website:
http://gersteinfisher.com/wp-content/uploads/2016/08/Gerstein_Fisher_Brochure_ADV2AB-08_11_16.pdf
"Item 2: Material Changes
Pending Transition. Gerstein Fisher has entered into a definitive agreement to…
This is a not-uncommon occurrence, and realistically, there's little one can do but approve the new contract.
Mutual funds legally do not "belong" to fund families. They are "independent" companies ("registered investment companies") that "hire" t…
