@yogibearbull - My wife’s grandfather gave her the GE stock more than 40 years ago. We sold portions over the years for down payments on two different homes. It then proceeded to lose much of its value, but my wife doesn’t want to sell it for sentimental reasons. Fortunately, it’s finally starting to rebound. The problem with selling it is that I have no idea how to figure the cost basis due to the uncertain acquisition date and reinvested dividends.

@Crash- I'll tell you what- when you find the perfect broker who meets each and every one of your non-negotiable demands, and has a record of perfect service for at least ten years, please let the rest of us know.

We're just having an online conversation here, right? The truth is, the world is extremely screwed up, wherever you look. Nobody wants to see it or hear me point it out. If people acknowledge the problem, they'd feel obligated to DO something to fix it.
Why should we always have to settle? Why shouldn't systems work FOR us?

Just posted January ratings to MFO Premium. Not that January fund performance was much to write home about. But the new features on the site are!
New metrics include:
1) ratings based on "Best Fit" Benchmarks, as assigned by Lipper,
2) an Active Passive Barometer, based on those same benchmarks,
3) ratings based on ETF Benchmarks, inspired by my colleague Devesh Shah,
4) Fund Family Ratings across all evaluation periods.
These can be found now mostly in the Calendar Year and Fixed Period Analyze tools in MultiSearch. Soon, they will be integrated more fully into the MultiSearch tool so you can screen on the values (APRVSBF and APRVSETF) and their attendant ratings (APRBF Rating and APRBE Rating), representing fund evaluation against Best Fit and ETF Benchmarks, respectfully.
The post is from Lipper's 2 February drop. Will post update with 10 February drop soon.
The update reflects a complete modernization of code used to both the background ratings computations as well as the real time screening code. The modernization effort started about a year ago and includes:
1) shared functions to reduce redundancy,
2) threading (aka parallel processing) to drastically improve background crunch time (3 hours per update vs 24),
3) explicit and strict computing modes for both background and real-time computations, which also help speed things up and helps keep programmers honest,
4) modern coding techniques such as Lists instead of Arrays and ForEach instructions instead of simple Do loops.
It had to be rolled into about ten years of patchwork code, so it took a while, but the result feels pretty good. It means much faster updates, better enhancements, and less likelihood of errors.
Give it a whirl, please. As always, if you see anything amiss, drop me a line ... will address soonest.
Enjoy,
c
PS. Remember that all the tools on the top line of the Navigator (Great Owls, Three Alarm, Quick Search, Dashboard of Profiled Funds) are free to the MFO Community.

"...There really is no reason for me to go there."
Very often, I'm downtown, and just a block away from Schwab's office. It would be very handy to walk in and get stuff done. Anytime. About stuff that might not even come to mind at this moment. (Isn't that why offices are THERE??? Not anymore, obviously. ORK!) Yes, I would do my trading online, with zero fees. I have a question or two for them, also, about THAT: foreign stocks incur a FEE? Even if they trade on US exchanges???? "Foreign stocks." That's what the footnote says.

The closest office for me is 25 or so miles away. I can do anything I want with my account online at home, in my underwear if I wish, in a few minutes. Even if the office was 5 minutes away, I would still never go there.
For what reason?
I started online banking/bill paying with my local bank in 2004. Then I started doing mobile check deposits several years ago with them. I drive by it nearly every day, but only go in rarely as there is no need to.

@Crash- I'll tell you what- when you find the perfect broker who meets each and every one of your non-negotiable demands, and has a record of perfect service for at least ten years, please let the rest of us know.

When did people ever wander into brokerage firms and expect to be served without delay?

@Crash- I'll tell you what- when you find the perfect broker who meets each and every one of your non-negotiable demands, and has a record of perfect service for at least ten years, please let the rest of us know.

I barely keep any spare cash in the brokerage account . . . So I guess the automatic sweep rate at Schwab or Fido would not bother me, being so miniscule.

My accounts are at Schwab, and the cash portion is rarely more than 1% of my portfolio, except for maybe the occasional day or two if I've sold something. So the minuscule rate doesn't bother me.

...Not to mention that I've waited a full day to get a call-back from Schwab, from the downtown office, which has not come. Stinky poopy. Not a good sign.

From 1997 when I moved to Schwab, up until a couple of years ago, I was very impressed with Schwab overall. It seemed to be a well-oiled machine, and that rarely happens in a business of that size. Exceptionally nice people on the phone who are usually well-informed, and a great website.
That has changed, in my experience. Most likely from taking on TD; it was too much too fast and now is a behemoth. IMO they went from a "10" to maybe an "8", if I can rate a business to that old familiar rating system.
They really upset me a year or so ago and I thought long and hard of just yanking everything. I didn't, and they did rectify some stupid things on their website that I had complained about for months. So I'll probably be there til I croak. But the luster is gone.
My local guy? I've only been there 3-4 times since '97 and a couple of those were invites. There really is no reason for me to go there.

@sma

I have not had the "sell one fund buy another" issue at Fido but usually dont do that. I find Schwab's attitude about Sweep accounts very irritating and is clearly designed to make money off of John Q Public. It seems nasty, especially coupled with their insistence on keeping cash balances high in some of their portfolios. I think the SEC went after them for that.

I don't know why it's nasty, I never use their portfolio or Intelligent Portfolios and I don't think anyone else should use these at any brokerages. What is so irritating about selling $100K of fund X and entering a trade to buy $100K in SWVXX or SNAXX? I have done it for years. If you sell shares and don't know exactly what it's going to be, you buy MM close to this amount and the rest the next day.
Most investors should just select their AA and hardly trade = not many irritations at all.
For me, there is nothing more irritating than calling Fidelity reps after I sell in an IRA, and half of them claim you can't do it, and then I insist on talking with a supervisor. That is 15 minutes and a lot longer than buying cash in 10 seconds at Schwab. I also noticed that the Fidelity reps' knowledge got lower in the last several years.

@Crash - I do not understand your problems with the Fidelity website. I think it’s fantastic. I’ve been one of their customers for 20+ years, so maybe your issues are due to lack of familiarity. I also had an account with TRP for more than 20 years until I transferred all the holdings to Fidelity. IMHO, the Fidelity website is much, much better than TRP. I used to do a lot of fund research at M* as well until it became so unwelcoming, and I actually find the Fidelity website more useful for researching and comparing funds. Although I seldom have to talk with a Fido representative on the phone, they are always very helpful and friendly. In addition, Fidelity has an office in my city, and I generally have a face-to-face meeting with my rep once a year. You do have to make an appointment, but that’s no unreasonable to me.

Fido has multiple choices for core/settlement, but the default in taxable a/c is its OK m-mkt fund SPAXX. But Fido will automatically draw from other Fido m-mkt funds, as necessary.
Vanguard has m-mkt VMFXX as core/settlement funds, and that is the best it offers.
Schwab doesn't offer any m-mkt fund as core/settlement fund. So, when using Schwab m-mkt funds, beware of T+1 settlement for them. Otherwise, trade may be disallowed, or 1-day margin interest charged.
I have had both Fido and Schwab brokerage a/c for years, and more recently, also VG Brokerage. All have their unique issues.

Up 4% as of 2/12/24. For those interested portfolio is Cash/bonds/stocks. 10%/17%/73%. I am retired and 65 years old.

M* 1* LG fund
ER over 1%
Consistently ranks 81% - 100% (worst) in its Category 1-10 years
Consistently underperforms S&P in arguably the easiest Category for success
S&P Index fund FXAIX outperforms it by at least their ER difference in ALL periods
UP only 4.7% YTD despite having over 50% Technology
Tons of other great active LG funds available
Same PMs who compiled the fund's past performance are still on the job
All four Fido funds suggested for comparison, FCNTX, FDSVX, FDCAX, and FDSSX ALL outperform it in ALL 1-10-Life periods except one fund in one period by 0.01%.
Um, lemme think...
Yeah, beyond OK to SELL!

I have no experience with Schwab.
Whenever I've read articles rating online brokers, Schwab always performs well in the ratings.
I've been with Fidelity for many years and am pleased with their service and offerings.

BIVIX is a long-short fund. The latest information can be found at https://www.invenomic.com
It says: Long 99.4% Short -89.4$ Net 10.1%. For 1 calendar year, from 30 Dec 22 to 29 Dec Jan 2023, it was 16.5% up. But wait a month: for 1 year, from Feb 10, 2023, to Feb 12, 2024, it is -1%. That is why it is not easy to rely on this fund unless it is on its way up as it was during the previous 2 years.

I am with @Baseball_Fan with respect to AKRIX and MRFOX. AKRIX was brilliant. I invested in it since its inception, but then its manager retired...
MRFOX is great, but the two main managers, Christopher Niemczewski and Elise Hoffmann, are husband and wife, planning to retire together in 5-10 years, see the last few minutes of their presentation at https://www.marshfieldinc.com. Thus, I would invest in it for a while, but I would watch it carefully.

Understand now?
MMM..maybe, congrats it's working for you, the more you or anyone else make the better.
On the other hand, many of us have different styles, risk tolerance and goals.
My main objectives were always to have an excellent risk/reward portfolio...and I did. What others do is their objectives. I'm OK with just beating the SP500 (although I only needed 6% annually) since retirement (6 years) with an extremely low SD < 3 and using just 2-3 bond funds instead of trading every week and holding over 30 positions (stocks, bonds, CDs). I didn't troll you in any way, but you did = old news. If my trading isn't good, how did I achieve the following(data)?
BTW, why bring up FSELX at all? Are you going to mention it any time someone posts about any fund?
Lastly, after years during 2015-17 that you claimed I would not retire and never make it, the reality is different, what a "surprise". I immigrated with nothing and retired after 23 years, and since retirement doubled my money.

additional thoughts re MRFOX...
It is NOT a long/short fund. It is NOT a tactical allocation fund. Nada, nope.
Composite record, going back 30+years from 1990 thru 2020 is ~ 283 bps above SPY
Low beta, ~30% less volatile and less correlation vs major indexes.
What does give me pause is that the managers have done an excellent job investing, they have done so thru key holdings such as ORLY, ROST and ACGL, etc...very "resilient" to market ups and down, well run companies...look at their stock charts, OMG...
Do wonder, what happens, like if an AKREX scenario unfolds...very concentrated, top holdings performed great until they didn't, brought in some newbies without as much experience at AKREX who invested in Snowflake and got schooled...kinda got stuck in their top holding conviction...that is what is interesting about Ravi Jain, GQEPX, that "NOT pale and stale, "his words, not mine" slick dude is NOT afraid to trade and pull the trigger...he's been mostly on target.
Hey your monies, invest it the way you are comfortable...Good Luck to ALL
Baseball Fan

MFROX
First test for me, can I buy it at Fidelity or Schwab? I can buy it at Schwab at $1000 min in IRA and $10K min in taxable. It has a$49.95 fee (that is waived for me). But, This fund has a 2 % redemption fee if sold within 90 days.
MFROX is an excellent risk-reward fund and how you should look at funds.
First question: how many stock funds do you know that were not down in 2018 + 2022 + beat the SP500 in the last 8 years? I bet not many
Let's go deeper
Using portfolio V and comparing SPY,MFROX,PRWCX (link) shows that MFROX has better Sharpe (risk/reward) than PRWCX(one of the best allocation funds). MFROX max draw is better than SPY+PRWCX. MFROX Sortino(down volatility) is great at 2. If a stock fund can compete on down volatility with an allocation fund, it's a good testimony.
Next test: I screened the Schwab database for all funds that have Sharp > 0.9 + average annual performance over 15%...and I got only 3 MFROX, FSPCX(Fidelity select insurance), BIVIX(Invenomic Fund Institutional ). BIVIX had Sharpe>1.6 + Performance>16% = extremely good.
Questions about FSELX
If every fund you are going to compare to FSELX, why are you holding anything else, or why not at least 30% of your portfolio, after all, hindsight is great.
Do most investors should own a unique fund like FSELX? No. FSELX had an amazing run, congrats to anyone who owned it.
MFO rating
Again, pretty good, see (https://www.member.mfopremium.com/riskprofile/)
OWL=yes
Composite MFO Rating:5-Best...
Fund Alarm Risk: -2 - Lowest Risk
Yield, 12-mo %: 0.46 (this is great for a taxable account because you don't pay a lot of taxes, VFIAX(SP500) TTM yield = 1.4%)
Can MFROX be a core fund for your portfolio? IMO, yes. But, a fund like this is based on great calls and trading. Will the future be as good as since inception? nobody knows.
BIVIX: why has everyone did not hold it from 01/2020 to 12/31/2023, see the chart (https://schrts.co/TXRrcXuN)
Do you know why only thru 12/31/2023 because hindsight is great and BIVIX lost 8% for YTD. Regardless it made 245% since 01/2020 while SPY made only 66% and QQQ only 111%. And as I said before it's risk/reward since 2020 is pretty good.

UPDATE_2
In case this thread survives as intended, I'll routinely recap what's been posted so as not to lose track of it.
FWIW, Mag 7 allocations continue to be VERY surprising (to me at least) so far!
Thanks to all who have reported. And thanks to all who have kept this thread on topic.
See also this similar thread that was started on the Fido Forum (invitation only still?) a coupla days after this MFO thread. Far different reporting there but OP is asking for technology % not Mag 7!
https://www.fidelityinvestorcommunity.com/t5/Market-Sector-Outlook/What-Percentage-of-Your-Portfolio-is-in-Technology-Did-You/m-p/399050#M40359
(BOLD added.)
@stillers:
AAPL 3.5%
AMZN 3.0%
GOOGL 3.8%
META 1.0%
MSFT 6.0%
NVDA 3.3%
TSLA 0.5%
Total 21.2%
@Art: Since I have stocks only at this time it's easy. NVDA at 3%.
@habsui: I put 2.4% of PV into AMZN,MSFT,GOOG over 11 years ago.
Only sold a little AMZN. So ... about 30%.
@hank: I stay as far away as I can from them.
@sma3: about 3%...Mostly MSFT for years. No TSLA or META Both run by lunatics!
@WABAC (as calc'd by me and OK'd by @WABAC):
AAPL 0.05%
AMZN 0.00%
GOOGL 0.40%
META 0.00%
MSFT 1.02%
NVDA 0.00%
TSLA 0.00%
Total 1.47%
@Mark
AAPL 1.18%
AMZN 0.32%
GOOGL 0.36%
META 0.25%
MSFT 1.21%
NVDA 0.59%
TSLA 0.018%
Total 4.09%
I also own shares of AAPL (6.1% of total portfolio value) and GOOGL (3.1%) outright.
@Roy
AAPL -1.88%
AMZN - 2.03%
GOOGL - 2.65%
META - 1.02%
MSFT - 4.41%
NVDA - 1.28%
TSLA - 0.00%
LLY - .63%, just for kicks.
13.9%, less than I expected, though Giroux did state recently they had trimmed some of the hot stocks.

Here is the Schwab MRFOX data sheet:
https://www.schwab.wallst.com/Prospect/Research/mutualfunds/Summary.asp?symbol=mrfox
=======================================
So @Graust makes a great point about what this fund actually may be, and that appears to be confirmed (to me at least) by the data sheet. MFROX has significantly outperformed the fund @Graust noted, PVCMX. And it ain't even close!
But, FWIW, if it is misclassified and more of a long-short or tactical allocation fund, then that leaves me even LESS interested in it as I do not use either of those categories in my port as I KNOW that I can and do select other dedicated stock funds that will outperform them. I also don't want to have to open a Marshfield or Firstrade a/c just to own MRFOX.
Bottom Line: ALWAYS good to know what we are BUYing BEFORE we BUY it, and thanks to @Graust for advancing the discussion on that critical issue. It makes a world of difference looking through the proper glasses and @Graust has assisted me on that plenty of times over the years!
========================================
@finder, I accept your or anyone's comparison to VOO as the overall, general comparison I also do for ANY dedicated stock investment I make. Any yes, it has performed, as you noted, far better than VOO since its inception. FWIW, outperforming VOO/FXAIX is the hurdle I use for selection of ANY dedicated stock fund I plan to own or own, so MRFOX at least is over that hurdle.
But I don't accept comparing it to PRWCX which routinely runs 70/30 to 60/40. One would need to gross up PRWCX's TR for a fairer comparison. Not going there.
That said, If it's OK to compare it to PRWCX, then wouldn't it also be OK to compare it to at least another fund in its (arguably incorrect) M* LCG category, like BPTIX:
MRFOX is 254% up since inception, BPTIX is up 384%, i.e. about 1.5x MORE than MRFOX.
And If it's OK to compare it to PRWCX, then why not also compare it to arguably the best performing dedicated stock fund on the planet since its inception, FSELX? At least FSELX is a dedicated stock fund like MRFOX:
MRFOX is 254% up since inception, FSELX is up 698%, i.e. about 1.75x MORE than MRFOX.
========================================
Bottom Line: I now have a better appreciation of the fascination for this fund. But now have less than ZERO plans to own it! YMMV.
Disclaimer: I am a LT holder of both PRWCX and FSELX, before the inception date of MFROX.