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Vanguard’s patent is for index funds only
Though there were no actively managed ETFs at the time the patent was issued, that doesn't mean that the patent is necessarily limited to index funds. The patent claims (11 and 12) cover both index and acti…
I may have misread your question (or your intent). I focused on intra-day price because it always bothered me that sites like M*, stockcharts, etc. provide total return figures that depend on assumed reinvestment prices for ETFs and stocks.
You'…
To clarify: you've enabled money transfer lockdown and when you start a transfer Fidelity prompts you for a security code? You select to receive the code by voice (i.e. an actual call where the phone rings) and it comes through on your Verizon FiO…
Ultimately it comes down to the market. Whether Schwab and Fidelity reinvest your own dividends at some fixed or random time of day, or give you the average cost they get for all reinvested divs, or use some other algorithm, it's the vagaries of th…
Verizon continues to block the number that Fidelity has been calling me from. Except for one brief shining moment a couple of days ago when Verizon tagged it as SPAM?? but still let it through.
Today Fidelity got a call past Verizon by using a di…
In case anyone case about billionaire horseraces, Fox Business reports that Truth Social is now worth more than "X".
https://www.foxbusiness.com/technology/truth-social-parent-company-trump-media-worth-more-elon-musks-x-election-day-nears
But as …
Trading was halted five times this morning.
Interesting NYTimes article on hedging and politics:
When a good crop means survival and a bad one can wipe you out, it makes sense to hedge — by buying futures contracts that will ease the pain if your o…
FSAEX doesn't seem to be used much, regardless.
FFFAX allocates 9.69% to US equities; 0.34% of its total portfolio is FSAEX
FRBDX allocates 50.73% to US equities; 1.83% of its total portfolio is FSAEX
Not surprisingly Freedom index funds don't in…
The second item (incentive program) seems to be primarily changing the name of Janus' incentive program for new investors. That is, for people signing up to contribute at least $50/mo for two years. It is now called "Ready. Invest. Go." Janus …
Another possibility - multiple sources (with different sampled populations), multiple definitions.
Americans believe they need to save an average of $1.8 million for retirement,
From Charles Schwab, presumably but not necessarily Schwab customer be…
An online cash transfer was initiated
Presumably initiated from the Schwab side. If it were initiated from the credit union side, Schwab wouldn't know about it until the money hit. At that point it would be immediately available.
Fidelity also …
M* doesn't report a YTM for RPHIX (or for many other funds). Likewise, it doesn't report yields for many ETFs (e.g. VXUS).
The YTM field is not described in M*'s documentation for its fund portfolio page.
https://awgmain.morningstar.com/webhelp/g…
Thanks! That was stupid of me, I even have a view like that set up for exactly that purpose. Though I hadn't included the 30 day SEC yield column before.
Definitions matter. If you look at the M* SPAXX page I linked to, under the "Performance" …
You are correct. In the way that matters - what buttons you press. You do just place a single order to buy a Vanguard fund with outside money. Though the verbiage I'm reading seems to suggest that under the covers Vanguard is automatically "la…
Well, that's unambiguous. The Vanguard page cited in that piece gives another downside to the transition. Instead of being able to purchase funds directly from an outside bank account, you must first move the cash into a brokerage account and fr…
And 7-day for SUTXX at Schwab is 4.68%, YTD = 4.08%, also as of 10-25-24.
That's about the same as FSIXX (4.69%), available at Fidelity w/$1M min, or at Merrill w/$1 (sic) min.
https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateShe…
If M* can be believed the SEC yield for SPAXX is 4.31 to 4.29 for RPHIX though the total return for the latter is still slightly ahead.
30 day and 7 day SEC yields measure different things.
The yield for MMFs including SPAXX is the average curren…
@Crash - you don't name your two funds here. But the only taxable bond fund with a 2.49 year effective duration (per M* screener) is TUHYX. The only bond funds with a 2.68 effective duration are PRCPX, RNOTX, and MHCAX.
Ultra low volatility? F…
@msf In your scenario it makes a bit more sense, but in my case it was more like I had a limit for 200 shares @ $50, got filled for 100, and the next trade came in for 50 shares @ $49.90. So my standing order could have absorbed the entire block wit…
Nice find. It looks like you hit the sweet (or target) spot - high risk relative to ultra short bond funds (of which it is one based on duration), but low risk relative to short term bond funds.
A fund that's somewhat similar in performance and ri…
Suppose an "all or none" limit order comes in to buy 100 shares at $50. Then you place a limit order to buy 130 shares at $50.
30 shares come on the market that meet your $50 offer price. Your order is partially filled at $50, leaving a part…
As I read this, Vanguard is closing legacy platform access to advisors, not to direct investors. Note the title: "culling" not "cutting".
“There are some cases where I think people do lose some functionality” by switching to the brokerage account,…
If M* can be trusted:Sometimes a picture paints a clearer picture. WCPNX has more volatility than others with less return to show for it. I'm sure it is a fine fund, Weitz is a good bond house. It's just that M*s glowing statistics compared to picto…
@MikeM - exactly what I was going to say! Along with FLRN there's also FLOT. They're not quite indistinguishable, but pretty close.
The knock against IG floating rate funds is that they don't do as well in falling interest rate environments. Or…
It works w/o margin. I placed a test order (not entered, just reviewed) in my Schwab IRA (no margin with IRA accounts). I got a warning about potential freeriding:
1. Caution: This buy order was accepted without sufficient settled funds to trade …
For those who are "doubly challenged", the additional standard deductions stack, so they come to $3,200 (married) and $4,000 (single or head of household).
ML otoh specifically says 'this is not a sweep fund.'
Neither are the non-core Fidelity MM funds (cash is not swept into them).
Schwab not only says that this is not a sweep fund, but adds:
Schwab Purchased Money Funds require you to place an ord…
what happens if inflation keeps going up
keeps going up?
If by "inflation" you mean prices, prices have been going up continuously YoY every year since the Great Depression, except in 1949, 1955, and 2009 (Great Recession). Nothing new here.
I…
What matters for inflation is unit cost. As labor becomes more productive, increases in wages are (or can be) counterbalanced by increased productivity.
Boeing is having such design and manufacturing problems that simply building a plane that …
When it works, it's fine. It is a front end for two pharmacies, Truepill and HealthDyne. (Wikipedia, as it is wont to do, has wrong information, listing only Truepill.)
The price you pay is cost + 15% + $5/prescription + $5/order. This informat…
One can be easily misled if one reads statistics without looking Beyond The Numbers.
It can lead one into suggesting in January 2020 that "For cash sub use SEMMX".
SEMMX had been quiescent for several years. It had had a std deviation over the pr…
In the wake of [tariffs introduced by the Trump administration during 2018, i.e.] this increase in trade protection, the United States experienced substantial increases in the prices of intermediates and final goods, dramatic changes to its supply-c…
for me at schwab, i can place an order for anything even if i don't have the funds to pay for it immediately. i am told, before placing the order, that i'll need to have the necessary funds in my account within two or three days (can't remember wh…
@msf If the remaining 5% is still sizeable, rinse and repeat. What do you consider sizeable ?
How much risk and money is important is an individual preference. If I'm moving $100K from an investment to a non-sweep MMF, I'm not going to care abou…
If you sell all the shares of PRWCX, you don't know the exact results, just buy 95%. The next day buy the rest of the MM.
Yes, Schwab made money on that small amount.
Why give Schwab the float? What I've done at Vanguard is sell a dollar amount eq…
When selling or exchanging shares, you should be aware of the following fund policies:
For accounts held through a financial intermediary, each fund typically expects to pay sale proceeds to the financial intermediary for payment to redeeming share…
This is an example of an economic concept called Baumol’s cost disease. "It explains why barbers make more in San Francisco than in Cleveland and why services such as health care and education keep getting more expensive. "
https://www.vox.com/new…
Thanks @hank for doing the legwork and posting this. From what I gather from rapidly reading from the links provided, most of those who participate on this board may not qualify for the new ETFs. The strategy appears aimed at people who have north o…
