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I drafted this also while you were deleting and as Yogi was posting. Largely duplicative of Yogi's post, but hey, I had already put the words to paper.
The fund is reasonably diversified on the bond side. But it has significant issue risk on th…
The discrepancy may have to do with how one counts "Equity Hedge". According to M*, as of June 30th (the date of the last monthly filing, and pretty close in time to Aug 6), LCORX was 75.66% long, but had only 62.57% in equity, net.
That is consi…
- Fidelity does not work with Zelle. Zelle can only work with bank accounts and Fidelity is not technically a bank whereas Schwab is.
- Fidelity CMA offers free automatic overdraft which I do not believe Fidelity Brokerage account offers.
Fidelity c…
It's not just Schwab's interpretation. That's the way the IRS interprets time of identification - up to the time of delivery (settlement).
Time for making identification. For purposes of this paragraph (c), an adequate identification of stock i…
All methods aside from average cost (for mutual funds) are specific ID (what Schwab calls Identified Cost Method). The specific shares that are to be sold are identified and their actual cost used in determining gain or loss.
That's the way thi…
If [Zelle payments do not work with Fidelity], I will have to transfer from my Fidelity to my bank to the non-family person. ...
If it works with Fidelity, the benefit of Fidelity (vs Schwab) is I do not have to transfer to a non-interest bearing…
The Wayback Machine didn't archive individual posts, but it did archive several versions of the discussion board (list of posts by thread). Many of the posts were ntip (no text in posts - subject line contained the full content). Or nm (no messa…
Schwab is at the bottom of the performance rankings YTD, 1 year (the only robo with single digit returns, more than a point behind second worst), and 5 year (tie for worst). Over three years it did 0.2% better than the worst.
As a blind guess wit…
bank account in India and rules there are totally different (to begin with, we can write checks from savings account ...)
In the US there are multiple types of savings accounts - passbook (do they still exist?), statement savings, and statement s…
It may also be possible to use a payment app with Fidelity accounts. Whether that app in turn lets you schedule transfers to a third party depends on the app. For example, according to this old (2018) moderator post, Paypal wants you to limit tran…
Bank of America ( BAC ) CEO Brian Moynihan ... , pressed about Republican candidate Donald Trump's statement that presidents should have a say over Fed decisions, said people were free to give Federal Reserve Chair Jerome Powell advice and it was t…
44% of all US dollars ever created, were created in 2020 and 2021. Ya, that was the Covid era.
44% is about right, looking at M2. Such an increase is not unique. There have been other times, other situations aside from Covid, calling for monetar…
If an image doesn't have linkable address (e.g. screenshots or other pics on your PC), use free image-hosting sites such as Imgbb.com, etc, to establish image-link, and then follow the above steps.
Even it an image does have a linkable address, it …
Several brokerages have their quirks with ETFs. Like you, I've also written on this before.
Leveraged or inverse ETFs.
Vanguard won't allow purchases of ETFs such as QLD.
Fidelity requires you to sign a statement affirming that you're a sophist…
the fund has Phillip Morris
Just to be clear, FBBAX owns Philip Morris International (PM). That was spun off in 2008 from MO (formerly Philip Morris, rebranded as Altria in 2003). MO retained its Philip Morris USA subsidiary.
Rebranding 2003
…
and also GAA.
Oddly enough, this came up in some searching I was doing in the past couple of days to help someone find a temporary alternative to VSMGX (hard to get w/o fees outside of Vanguard). I wound up suggesting GAL rather than GAA.
You m…
The truth, however, is that we don’t know why stocks fell. ... it probably doesn’t matter much
Fire ten shots into the air from different positions in a semicircle surrounding a herd of cattle and you'll get a stampede. But you won't know which di…
Firstrade and as you observed, E*Trade (Morgan Stanley) impose no transaction fees.
Here's the thread that was started when E*Trade first switched to $0 TF pricing.
https://mutualfundobserver.com/discuss/discussion/60484/anyone-buying-funds-at-e-tr…
Is Fidelity ATP having trouble too?
Outage tracking website Downdetector.com reported that Schwab’s services were down for over 3,400 users, while Fidelity’s issues peaked at over 3,500 reports. Vanguard wasn’t immune either, with nearly 2,500 users…
Try this. Seems to be in sync with BloombergTV+, but without the plus. Also a slight lag, and the numbers (prices) on the video don't exactly match TV+; they seem to be really live, updated by the few second lag time. The magic of modern technol…
I'm not invested in Permanent Portfolio but would you consider that a GA fund?
That's a broad ranging fund, but lacks a GA feature: discretion.
In pursuit of its investment objective, the Portfolio’s strategy is to invest a fixed “Target Percenta…
Investors expect their companies to increase profits every quarter; customers expect them to continually lose money. Neither expectation is realistic.
Zooming out only slightly:
A 2023 pretax underwriting profit of $3.6 billion, reversing a $1.…
Without going into too many details, here are some broad comments:
This is marketed as a reduced risk investment. Prospectus:
The Fund may also hold a substantial portion of its assets in cash or cash equivalents, including treasury bills and mon…
I've been to Medford, though sadly not to the Shakespeare festival nearby. Really nice store. I'd describe it as a Hickory Farms on steroids but that doesn't do it justice.
It sounds like you're in good shape - drawing modest spending cash from T-IRAs annually and owning no or little tax on those draws. From that perspective, conversions may indeed be just an added complication.
I've spoken with enough people who p…
Consider yourself fortunate that you haven't been doing this for fifty years (or have you?)
My father purchased shares of "One William Street" back when mutual funds issued certificates (image below not his certificate)
This was originally a fund…
Rebranding seems pointless to me
Generally I agree, especially with acquisitions because the acquired family name is the one investors are familiar with. It has value - presumably the funds were acquired because they (and thus the brand) had valu…
@Crash You stated:
NOT adding to the IRA, because the "contributions" would be non-deductible. So, I'm focused on the taxable side, and there is much more freedom of choice over there, too
Are you suggesting that your 'taxable' Schwab account(s) h…
"Morningstar's John Rekenthaler starts with a simple but unusual observation that if 2 assets have the same long-term (LT) TR, then rebalancing will definitely benefit the TR."
In all other cases, rebalancing hurts TR, but does control riskThat's th…
And if the heir is a spouse at least 10 years younger than the deceased, there is a particular, more generous draw-down table in the case of a T-IRA. Not sure about 401k or 403b.
https://irahelp.com/forum-post/77387-ira-spouse-beneficiary-withdrawal…
I put ten funds through Portfolio Visualizer to see how it would optimize such a portfolio.
Some of your categories are easy to understand. Others are not so well defined (and Lipper and M* can differ as well). I took my best shot and picked…
This just goes to show how slow I can be in catching up on changes.
T. Rowe Price launched its series of quantitative management (QM) funds about 8 years ago (April 2016) but changed them to use an "integrated" strategy (combining fundamental an…
Beware of nonbank fintech apps promising good yields.
What did these people think they were getting from Yotta that they couldn't get from an actual bank?
It turns out that there's a lot to unpack here. I had not taken a look directly at Yotta. …
Nonbank fintech apps Yotta and Juno provided customers false or misleading assurances that their money was safe with FDIC insurance
An old joke, misattributed to Winston Churchill comes to mind (I'll connect the dots shortly):
A man asks a woman if…
With Schwab, if I purchase a new position I have to sell SWVXX the same day because SWVXX will settle next day.
With Fidelity(my understanding) is that the MMF will auto trade and settle next day to cover the prior day purchase therefore MMF posit…
Also Schwab MMF settles T+1 unlike Fidelity MMF which settles same day so another opportunity for Schwab to extract rent.
Well, sort of. Fidelity requires the purchase money to be available same day, which is the definition of "same day" settlem…
