Schwab Automatic Investment Plan Good news happened today.
I entered an auto purchase a couple of days ago for today (Mon).
Today, I also entered a fund sell order at 1% higher before 10 AM.
I saw both at 10 AM.
Both were bond fund trades. Both were executed after hours.
Then, I unrolled the auto-purchase.
I did the following around 11 ET. New instructions entered prior to 11:59 p.m. EST can be established for the next business day.
Created another auto-purchase for tomorrow. I could enter a sell order until tomorrow before the market closes (usually, 4 PM).
I unrollled the auto-purchase.
What we just learned?
At Schwab, you can create an auto-purchase the previous day. This is fantastic. I can easily and cheaply make a trade the next day and unrolled it.
As you can see, the sell order was just 1% higher.
At Fidelity it's called "Recurring Investment".
* I could only create for Dec the 5, that's 3 days ahead. This is why I hardly ever use it because every day counts when I want to trade.
* Last time I created Recurring Investment, I entred a sell order on the same day. I saw both in the morning, but the Recurring Investment was cancelled after hours.
If you have a Recurring Investment on Dec 5th, you must sell on Dec 4th to have cash on the 5th in order for it to execute.
* This is a common practice at Fidelity. Suppose I sell all the shares of a bond fund and it's about $500K. You can't enter a buy order until the next day. You have to call a rep and then he/she will enter only 90% = $450K on the same date.
At Schwab, I enter, sell all shares around $500K. Then enter a buy for $495K, no need for any rep for that.
More differences.
At Schwab, I can set up auto-purchase for weekly, every other week, twice per month, monthly, every 3 months, every 6 months, annually
At Fidelity, weekly, every 2 weeks, monthly
Fidelity: " If the cash buying power needed for your automatic investment is not available, your scheduled purchase will be skipped. If funds are not available and the purchase is skipped, the associated plan will not be canceled. All orders placed through recurring investments will be executed as cash orders, even if approved for margin trading.
Recurring investment plans that are funding from the core may be edited or deleted before 9 pm EST the business day before investment date. If the plan is being funding from a bank, the plan may be edited or deleted before 9 pm EST two business days before the investment date."
Bottom line: Fidelity is more restrictive, and in my case I must call a rep which is time-consuming. I stopped doing that because several reps told me I couldn't, and then I insisted on bringing a supervisor on the line, and he said I was right. And why only 90%? every Fidelity rep told me it's a SEC rule. When I pressed them, they admitted it's Fidelity's make-up rules.
Backmarket.com Well, I do have to note that we have six Mac Minis (late 2014 version) scattered around, and all but one were bought second-hand from a wide variety of internet sellers, and I've never had a bit of trouble with any of them. The latest OS that they can run is Monterey (12.7.4), but they do just about anything that we need. When received from seller I completely wiped everything and cloned a known good OS from another mini.
I still occasionally need to run some ancient programs (those came before "apps", remember?), so on my main setup I have a kvm switch that allows me to use Monterey and El Capitan minis, and even my ancient G5 emulating OS9. Believe it or not they can all see each other on the local ethernet, and transfer those files which are compatible between them.
Art Cashin deceased.
Backmarket.com This is an online marketplace to buy refurbished technology products like computers, tablets, smartphones, etc. on the cheap and with some warranty.
Pl share your experience of purchases through this site and how one makes sure what one buys does not come with malware and how to eliminate any malware. Does a resetting to manufacturer settings help eliminate any malware?
Why buy there rather than at eBay? Sellers on ebay will have a longer track record of buyer reviews. Depending on who you buy from, you will also get more detailed descriptions and pictures of the actual item for sale. That doesn't seem to be the case a backmarket.
I recently helped my daughter buy an HP EliteBook 84
5 G7 for 229$ on ebay. The same model starts at
539$ on backmarket, and there is only one other choice. EBay certified models start at 249.00$ and there are many more choices.
All that being said, I wouldn't worry about malware on refurbished devices from a site like that. The main things to worry about are the accuracy of description of the condition and how well it is packed for shipment.
Nasty scratches, dead pixels, gummy keyboards are a real drag as are shattered screen due to poor packaging.
Don't go shopping on Craig's List.
What are you in the market for?
DJIA: NVDA In, INTC Out Seems like a lesson on how to snatch defeat from the jaws of victory.
Spirit of Gordon Moore long spent?
I remember when BAC was thrown off DJI. Did not hurt it.
As for INTC, investors patient enough to wait another 2-3 years for the foundries to take shape? Dig out of $
50B debt?
Gelsinger was certainly given rein in 2021, but Intel turned out to be more horse than he could handle, looks like, at this point in his life.
Whoever becomes new CEO will need to be formidable both technically, managerially, even politically. Suspect not a lot of those people exist.
@stayCalm. Not worried INTC is a value trap?
I certainly hope not. Think losing it is akin to losing Boeing. Hopeful they both figure out how to get back to health and leadership.
