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Nice try Ted. But where's your link to the raw data?
Why would I open a thread highlighting a link to a Barron's article that I can't read without a subscription? (A mouse over of the thread is all that's needed to reveal this.) You're right…
Just another article about how index funds must be better than actively managed funds. He does not appear to have a real interest in looking at Fidelity's date funds:
"As I was reviewing the list of investment options in a reader’s 401(k) plan, I…
DIY investors including myself have a tendency to ignore load families. While I've paid attention to a few (e.g. Franklin Templeton, American Funds), Lord Abbett is one I know virtually nothing about. The fund just showed up with good numbers in…
I can appreciate your interest in buying a fund at Merrill or Fidelity (those being the two brokerages at which you have accounts). Still, giving up 40 basis points for convenience (PDIIX has an ER that's 1/3 lower than PDVAX's, 0.79% vs. 1.19%) s…
Here's the Pub 590A cite (very similar to what you wrote):
Application of one-rollover-per-year limitation. You can make only one rollover from an IRA to another (or the same) IRA in any 1-year period regardless of the number of IRAs you own. The li…
You'll find the info in Pub 590A (gotta dash now), but the gist is that the rule applies to T-IRA to T-IRA and to Roth IRA to Roth IRA. You're allowed only one 60 day rollover of both these types combined (i.e. one T to T, or one Roth to Roth, but…
In contrast, what I've seen happen with a bad firm is that, against instructions, it withheld state income taxes on a direct rollover. It then compounded the problem by failing to withhold 20% for federal taxes on the money it sent to the state (i…
MikeM: Have you thought about waiting until 70 to start SS withdrawal ? It's very hard to look at a 8% return each year for the next 4 years !
This is one of those common knowledge statements that seem obvious until you start thinking about them. …
I'm not sure it's so much an ad for advisors as a somewhat numerically illiterate article.
It says that the "majority" of employees using advisors (43.9%) are Gen X, while Boomers came in second at 43%. It says this is surprising. It is not. …
There's nothing to read beyond what Crash posted, and that's the point.
Here's M*'s description of the AI methodology it uses
https://www.morningstar.com/content/dam/marketing/shared/research/methodology/813568-QuantRatingForFundsMethodolgy.pdf…
Not to mention Sinopec and PetroChina.
But Vanguard is hardly in the, well vanguard, of fund families holding companies accountable. It still seems to prefer working in the shadows to letting some sunshine in. For example:We did not, however, s…
Could be of interest to those who might transfer accounts in September:
https://bankrate.com/investing/best-brokerage-account-bonuses/Through Sept. 5, Merrill is offering up to $1K (better than the $600 mentioned at Bankrate).
https://www.merrille…
Vanguard was not listed because it declined to participate, as stated in the article. Also mentioned in the article is that Vanguard offers 1800 ETFs with no commission. This alone would make it worth my consideration if I were a big investor in …
Overall, a piece with lots of factoids, but no description I can find about how they scored the brokerages or features. Various Kiplinger comments about brokerages are also rather odd.
Here are some weird statements made about E*Trade. I'm …
Allow me to offer a contrary perspective on several of the myths.
Myth 3: SS is going bankrupt. Let's ignore the fact that bankruptcy is a legal state (you're in bankruptcy court because of a filing or suit), and work with the vernacular sense - …
Here's an example of discount programs offered directly by drug companies, what your article calls a pharmaceutical assistance program: https://www.orthorxaccess.com/
This offer is not valid for any person eligible for reimbursement of prescriptions…
Not enough time now to find references, so trust me (yeah, sure :-)). Programs like GoodRx, WellRx, etc. can be used by anyone. Of course they don't count toward your deductible or maximum out of pocket payments. But the payments can still be …
Taking the details slowly, what it sounds like you're saying is:
- prior to father's death, nine co-owners (equal shares?) with right of survivorship(?)
- their basis was 1/9 of the purchase price, plus improvements, less acquisition costs
(on a…
I agree that giving money to the top tier museums is not a bad thing. But let's face it - giving money to a specific recipient in exchange for publicity is not exactly high up on Maimonides' eight levels of charitable giving. At best what you've…
Charitable causes? Depends on how you look at the recipients and at the motivation.I’m all in favor of supporting fancy museums and elite schools, but face it: These aren’t really charities as most people understand the term. They’re often investm…
Just like Al Capone - they got him on tax evasion.
"“No matter what the source of income, all income is taxable,” said Guy Ficco, IRS Criminal Investigation Special Agent in Charge. “Scott Capps failed to report the money he stole and that is …
FYI, this is a partial delay of a proposed Canadian tax law. It pertains to Canada's "allocation to redeemers" methodology.
As I understand it (from a brief skim of the article given below), the idea is that when you sell shares of a fund, any…
IMHO, Vanguard has been taking too much of the heat for the error made by the FTSE Group.
People have been saying for decades that index funds could be run by monkeys. I've argued that there's some intelligence needed: for cash flow management, f…
I have a link set up where I can use an external account to push/pull money from Schwab Bank. It looks like I never set up a link from outside to a Schwab brokerage account. I don't know if that's because I couldn't do it or because I didn't need…
It is true that while Merrill Lynch invented cash management accounts (CMAs) 42 years ago, Vanguard takes the opposite approach and focuses strictly on brokerage services. It was just three weeks ago that it discontinued its Vanguard Advantage CMA …
It is closed unless you purchase directly from Vanguard. (M* lists it as limited, not closed.)
From the summary prospectus:
Important Note Regarding Vanguard Wellington Fund
Vanguard Wellington Fund will be closed to all prospective financial advi…
If I want to move money into or out of my Vanguard account, I have to initiate the transfer at Vanguard. I cannot have another institution initiate the transfer.
My preference is to initiate all transfers (in and out) and all bill pays at a centr…
I've been investing long enough that I've had problems with most places I've used. It just comes with the territory. Usually it's not particularly egregious and is readily resolved, albeit not without some effort on my part.
Schwab - my office …
Stops are generally defensive orders (hence "stop loss"). You place a stop sell order on a security you own at a price below the current market price. That way, you protect against backsliding too much. (If you're looking to buy a security, yo…
No they didn't sign on. (The pdf letter is searchable, so it's easy to check for a particular name or company.)
Andrew Ross Sorkin has an interesting column about this shift (real or not), with somewhat an historical perspective:
https://www.nyti…
Oooh, now you've done it ...
https://mutualfundobserver.com/discuss/discussion/51886/m-when-vanguard-s-retirement-income-calculator-stopped-making-sense
Stocks are easy. Payment for order flow, spread, lending (stocks are registered in street name), etc. See, e.g. WSJ, Why ‘Free Trading’ on Robinhood Isn’t Really Free While this article is about Robinhood, it addresses your question of how an…
From the article:
Now, if your local library system doesn’t provide this access, you can also look at state libraries, university libraries, or other libraries in the region for which you are eligible.For example, the NYPL is free to anyone in NYS.…
Your friendly, free public library provides access. As to alternative analyses, I don't know any that are free.
https://www.mymoneyblog.com/free-morningstar-analyst-reports-via-public-library-card.html
You can find all the Fidelity Advisor® funds on Fidelity's advisor site:
https://institutional.fidelity.com/app/item/RD_13569_41600/fidelity-mutual-funds.html?pos=T
Advisor funds, whether at Fidelity or elsewhere (e.g. T. Rowe Price advisor class s…
ORP provides multiple simulators. One is a MC simulator. Another is 3-PEAT, which is not a MC simulator.
Primarily where ORP's MC simulator differs from other MC simulators (as near as I can tell) is that it does not model market returns. (I …
Yup, what @Sven and @MikeM said. I think this is the discussion Sven is thinking of:
https://mutualfundobserver.com/discuss/discussion/48772/schwab-moving-to-subscription-fees-could-be-watershed-moment-for-advice-industry
As I noted in that thread…
Though I'm neither of the people you asked, allow me to volunteer that it's hard to go wrong with either Schwab or Fidelity. I've used Fidelity more extensively, but have been a customer of Schwab, off and on, for decades. The service provided …
