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You're talking about bonus dividends, which are paid by customer-owned institutions.
Why don’t credit unions keep things simple with just “checking” and “savings”? It’s because the “share” in question is your financial share in the organization. At…
Different fund. DGI Balanced is a fund offered through Oriental Bank (San Juan, PR) that is intended as a replacement for the bank's Diversified Growth IRA (hence "DGI"). That plan, and likely the DGI Balanced fund are "only for individuals that…
It's a matter of personal comfort. I used the phrase simply to mean that many of the funds on the list, by design, include more than a de minimis amount of equity. Yes, I'm just substituting one expression for another here without defining them.…
The spread has been slightly higher within the past decade (2.57% in early Oct 2012 and in mid March 2013), and hasn't dropped below 1¼% since then. The non-inflation-adjusted portion of the TIPS yield in that time frame was similar to today's -0.…
Things in bond-land suck, these days. I'm hoping for just a 3% yield, lately
Then you're pretty much stuck with junk or an equity kicker. Otherwise you get that 3% yield at the expense of capital. That is, IG bond funds w/o equity get their yiel…
It used to be that Vanguard provided access to institutional class shares of several funds at lower mins than at other brokerages. That's still true for Columbia funds. But other things have changed.
Vanguard offers Pimco institutional class sh…
The misquote, attributed to Senator Everett Dirksen actually was billions, even in 1962.
According to the Dirksen Congressional Center, the closest he came was "The favorite sum of money is $1 billion – a billion a year for a fatter federal payroll…
HMEAX is ntf at Schwab and Vanguard but tf at Fidelity, while BBBMX is ntf at Schwab but tf at Vanguard and Fido,etc
Schwab lists HMEAX as open only to existing shareholders. Fidelity sells it with a 5.5% load. Vanguard sells it NTF. At least a…
Aside from Vanguard funds, there are funds from other fund families where Vanguard sells a cheaper share class than you can get at Fidelity/Schwab/TDA. For example, Columbia Thermostat is easy to buy anywhere, but Vanguard sells the cheaper COTZX…
A somewhat dated piece from The Finance Buff, reiterating what I wrote above - you're not getting advice from these assigned reps or assigned teams.
https://thefinancebuff.com/vanguard-fidelity-large-account.html
don’t mistake the Flagship rep [now…
It was most definitely not a generic phone call, it was the advisor who is assigned to her account
Not generic? Well isn't that special :-)
he reached out to us to see if he could help and his name and picture pop up as her advisor when logged in.…
Whatever else, must protect cash position from the 60-day STT fee. Maintaining the cash allocation in their cash management account would work, as they exempt money markets from that fee. BTW - Is there a ticker symbol for the cash fund at Fido…
You're looking at an old page (e.g. it talks about 3 business day settlements). These days, most brokerages including Fidelity charge nothing for online stock and ETF trades.
Speaking of settlement times, you won't be able to "exchange" an ETF fo…
"she was in touch with her Fido advisor ... He mentioned dollar cost averaging, Fido’s wealth management service and separately managed accounts, outside advisors Fido works with, and tax-loss harvesting. It was all very generic ..."
There's a pop…
You said the magic word: rebalance.
Assuming for simplicity that rebalancing is done at the same frequency as selling shares, it makes absolutely no difference what one sells. That's because you're adjusting the portfolio to target weightings rega…
There's "free" and then there's "free, free, free".
Fidelity charges no fee to make domestic withdrawals from either account. Reimbursements of 3rd party ATM fees (if not a CMA account) are another story:
For Fidelity Cash Management Account own…
In case people read quickly and see a conflict between my post and catch's regarding mandatory withholding, note that the rules are different for different types of accounts. Withholding rules on IRA distributions tend to be more flexible than with…
Intra-family exchanges are typically executed same day, as if you were doing an exchange directly through the distributor:
Warning: This exchange will be completed at the next available price. You may be subject to additional fund-imposed fees when …
That depends on the state. Michigan, along with 16 other states and the District of Columbia has mandatory withholding on taxable pension and annuity payments.
https://www.tiaa.org/public/pdf/tax_withholding_rules.pdf
Transfers in kind are always free on the receiving end - at least I've never seen anyone list a charge. Charges on the sending side are another matter.
Fund families don't charge fees to transfer out in kind, again AFAIK. Some brokerages do cha…
Congratulations.
That's too bad about T. Rowe Price. Over the years I've found them extremely helpful, whether it was in setting up my individual 401(k) or with issues in managing it, or in navigating their closed fund rules, or with steps to dis…
M* classifies the fund as a world large cap blend fund; Refinitiv Lipper classifies it as a real return fund. Very different sets of peers. About 3/4 of the fund is comprised of an equal mix of basic materials and real estate.
The fund wouldn't …
Quite a few column inches devoted to one particular type of bank account, TD Bank's "Preferred Chequing". It talks about one customer who's had the account for 25 years.
What isn't mentioned is that the reason such a long time customer was used a…
But if a trade is disallowed until you speak to someone personally, that just tells me that the outfit has their heads up their asses, no?
No. Brokerages have a responsibility to provide some protection against your shooting yourself in the foot.…
hank ISTR that Fidelity doesn't allow the purchase of municipal bond funds in traditional or roth iras. In fact, my purchase of FSTFX for both my ira accounts was just denied by Fidelity !
Give them a call. They'll put the trades through. I've as…
Lots of semi-random comments:
Hank's The [Fidelity] 30-day limitation for in-house funds is perfectly reasonable - roughly what TRP insists on.
This reflects each fund house's excessive trading policy - something similar to but different from sh…
With comparable returns (both funds returned the identical 43.21% over the past year ending 5/21/21, and were within 1 basis point annualized over the past three and five years), I'd prefer the one that didn't impose a tax drag on my returns.
Su…
baron list is bogus! out of fifty top brokerage houses, no listing at all for the very best: charles schwab!
[...] baron's list should not be considered for guidance.
>> Barrons List of 50 Best Mutual Fund Families in 2020 (From February, 2…
The text is a bit ambiguous. In its opening paragraph Vanguard writes that it "will provide qualified individual investors with access to private equity this summer."
Qualified, but with a little 'q', perhaps being synonymous with eligible. Wh…
>> This idea that SS increases at 8% per year strikes me as fallacious. In "dollars," sure, but not in purchasing power ... the rate at which SS benefits are adjusted for inflation is only a fraction of the rate of inflation actually experienc…
While the article says that Danoff donated those shares, I wonder if this deal is structured so that those receiving distributions can treat them as carried interest, as "at risk" money.
https://www.taxpolicycenter.org/briefing-book/what-carried-int…
Transfers between fund families - yes, but with timing/amount restrictions.
Transfers within a fund family can be done same day, as if you had invested directly with the fund family. But at Fidelity, you either have to wait a day after selling to…
As with Vanguard, the question may be moot. AFAIK, one can't open a fund position directly in either family.
Sample prospectus boilerplate:
If you do not currently have a Fidelity ® brokerage account or a Fidelity ® mutual fund account and would …
You may not remember your decision on your death bed; I will remember mine :-)
I agree, it is somewhat of a game. No harm in trying to play it well, though as you point out, in the global scheme it's a low stakes game.
PSHZF is a closed end fund. There may not be a difference in how brokerages handle ETFs and CEFs, but they are different from an investment perspective. Vanguard's VERX is an example of an ETF on the London Exchange.
https://www.vanguardinvestor…
With current MMF rates today, I wouldn't be using a MMF for much of anything, but rather use an internet bank.
In theory, Fidelity provides a way of coaxing a little more interest out of a core checking account: You open a position in "higher" yiel…
How can this be? Surely you jest. See, e.g.
Flawed Paperwork Aggravates a Foreclosure Crisis, NYTimes, 2010
https://www.nytimes.com/2010/10/04/business/04mortgage.html
(Just the first random article I happened to hit.)
IMHO there are at least t…
Turn the question around. How much is in the two SS trust funds? They're invested solely in government bonds. So the amount of money the government is borrowing from SS equal to the current trust fund balances.
At the end of 2019, the trust fu…
Thanks for your figures. Now I can be more specific to your particular "what if". Since I'm still making estimates, feel free to adjust the calculations as needed.
For the sake of argument, let's assume that your SS benefits are 50% taxable. (I…
It depends on whether the securities are "covered" or "uncovered". If they are covered, institutions are required to transfer what they think the cost basis is. If they are uncovered, they're not required to transfer this information.
Sounding …
