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@Old_Skeet,This is such a great thread ... It would be nice if someone would start hosting it again. I did it for a couple of years and felt ... Well, it was time to pass it on to another ... Wonder what happened to @pudnhead?
The way I misread your writing, I thought the $17 was a short term redemption fee, not the total fee. My error.
So basically $100 total to buy and sell a transaction fee fund. I simply said I was paying $17 to sell and $17 to buy and then you said I was getting the short end of the stick. I couldn’t understand your logic of how I was getting the short end of the stick.
Fee Scottrade TDA Your ratehttps://mutualfundobserver.com/discuss/discussion/25744/scottrade-s-new-90-day-fund-fees
TF buy $49 $17 $17
TF sell $49 $17 $17
Short term fee $0 $49 $0
(for TF funds)
No, made over a million plus more than what my return would have been had I put the money in an S&P index fund and then stayed the course.>> My account is seven figures to the better than had I simply put it in an S&P index fund or scattered my monies among a 1001 funds for diversification purposes
so you made an extra million over $76k from outside-the-box decisionmaking
A few here are aware of the book etc. it was written long ago is outdated and I don’t recommend purchase. My point was what was I to do with only $76,000 in lifetime contributions to my IRA?Invest it in an S&P index fund? Instead I had to think outside of the box if I ever wanted to have a respectable nest egg for retirement.@Junkster, can you point toward the book and magazine articles? If you are up a mil over simple SP500 (is this only a few percent of total assets?) in this bull market (and why were you working at all??), this 71yo would like to study up. Will also send you all my moneys and beg you to take on, or guide.
Exactly, So basically $100 total to buy and sell a transaction fee fund. I simply said I was paying $17 to sell and $17 to buy and then you said I was getting the short end of the stick. I couldn’t understand your logic of how I was getting the short end of the stick.I'll try briefly beating a dead horse one more time :-)
TDA charges a "regular" (not grandfathered) customer $49.99 to by a TF fund, and $49.99 to sell that same fund, regardless of whether the sale is after 1 day, 180 days, or 10 years. (See, e.g. this 2012 Forbes article saying that that TDA charges fees on both buys and sells of TF funds.)
It's charging nothing extra to sell that TF fund in under 180 days. That's why I view it as charging no special short term trading fee on TF funds. You won't save money by waiting 180 days to sell.
I understand about the price adjustment when the monthly dividends are paid. I am referring to the negative price action each quarter beginning 11/27 and 11/28. 2/26 and 2/27 and 5/25 and 5/29. If this pattern continues there should be a similar pattern near the end of this month. This is the reverse of most of last year where each quarter or so there were inexplicable daily price jumps the largest being over 2% last August. This involved the repricing of their portfolio by a reporting agency. I would just as soon not see a decline this month and maybe yesterday.’s price action is simply a return of what occurred last year each quarter.@Junkster
The regular 0.40% monthly decline of IOFUX (in the last two days of each month) corresponds to the associated monthly distributions.
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