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Sorry. my volume question was related to ETFs. Actually, AUM probably would be more useful data for both types, come to think of it.Is there any ... OEF that has decent volume along those lines?
Why should volume of an OEF matter? Perhaps availability matters, but why volume?
Regarding availability, what that seems to be saying is that S&P 500 funds are a poor person's substitute for less widely available funds that track mega caps.
Edit: Ironically enough, there is an ETF that tracks the S&P 100 with ticker OEF.
XLG tracks the S&P Top 50. It has about 40% of the trading volume (in shares) of DIA, though of course a much lower dollar volume.
Yes but how many people invest in the Top 50-ish? Is there any ETF or OEF that has decent volume along those lines? I haven't looked, but I doubt it. (BBLU maybe?) Ergo pretty much everyone buys the index b/c that's what their retirement plans offer.Go with the crowd because the crowd makes self-fulfilling decisions? Lots of people buy because prices go up because lots of people buy?
By that reasoning, the S&P 500 (TR) should be outperforming the S&P Top 50 (TR), and yet ...
500 Top 50
YTD 15.82% 22.62%
1yr 26.33% 34.10%
3yr 11.33% 14.84% (annualized)
5yr 15.35% 18.75% (annualized)
10yr 12.93% 15.11% (annualized)
All figures through June 18, 2024. The last (10yr) is a hypothetical number provided by S&P Global, since the launch date of the Top 50 index was Nov 30, 2015.
https://www.spglobal.com/spdji/en/indices/equity/sp-500-top-50/?currency=USD&returntype=T-#overview
Have you tried with limited margin? This is not true margin (borrowing), which is forbidden in an IRA, but simply the ability to trade against unsettled cash. Or so I read:My Treasury positions at Schwab and Fidelity matured on June 15 (Saturday). ... Schwab did not show anything last night and added to cash this [Tuesday] AM.
Unlike Fidelity (at least from what other posters here have written), you can trade online at Schwab without having sufficient cash in your account at the time a trade is executed. You just need to get that cash into the account by settlement day (or you are set up to trade on margin).
In hindsight (putting on those 20/20 goggles), you could have placed your MMF order on Monday. It would have settled on Tuesday (today) and the Treasury proceeds would have covered it. The MMF would then have started accruing divs today.This was in an IRA. I already tried unsuccessfully that idea in that account at the end of May when I had a smaller Treasury mature. Unless there is cash in the account, Schwab does not allow me (or broker assisted) to place a buy order in the IRA.
Schwab, Introduction to Limited MarginThe Limited Margin feature allows for trading on unsettled funds ...
Supported activities
- Use of unsettled funds for trading
- Option spread trading in an IRA
It is the sweep (money market) fund, as you say.Hi @BaluBalu You wrote:You're using the term 'sweep account', so this transaction is within a Fido Cash Management Account?? I ask, as a standard Fido brokerage has 'core positions' for cash consisting of a MMKT of one form or another.My Treasury positions at Schwab and Fidelity matured on June 15 Fidelity moved the money to sweep account
Thank you.
Catch
This was in an IRA. I already tried unsuccessfully that idea in that account at the end of May when I had a smaller Treasury mature. Unless there is cash in the account, Schwab does not allow me (or broker assisted) to place a buy order in the IRA. We already had a lengthy discussion about this in this forum, may be with @Catch22 (you can search).My Treasury positions at Schwab and Fidelity matured on June 15 (Saturday). ... Schwab did not show anything last night and added to cash this [Tuesday] AM.
Unlike Fidelity (at least from what other posters here have written), you can trade online at Schwab without having sufficient cash in your account at the time a trade is executed. You just need to get that cash into the account by settlement day (or you are set up to trade on margin).
In hindsight (putting on those 20/20 goggles), you could have placed your MMF order on Monday. It would have settled on Tuesday (today) and the Treasury proceeds would have covered it. The MMF would then have started accruing divs today.
You're using the term 'sweep account', so this transaction is within a Fido Cash Management Account?? I ask, as a standard Fido brokerage has 'core positions' for cash consisting of a MMKT of one form or another.My Treasury positions at Schwab and Fidelity matured on June 15 Fidelity moved the money to sweep account
A take on that:Most investors should keep it simple. The SP500 ... beats most stock funds because it represents 2 simple ideas
1) American capitalism. ...
LOL. WTF dude.
Neither. It wasn't the first time I posted at crucial times. See (link). One of them was on this site.@FD1000 Are you bragging or complaining? You're not tired OR proud, are you? LOL.
Your best observation ever. And no need for hindsight."Like others here, I own a slice of GLFOX which invests in infrastructure and, for whatever reason, stays mainly in Europe. It has returned a big zero this year. Not a concern to me. I can be content with some holdings rising and some falling. If everything were rising together I’d be very worried."
The optimal portfolio is only known in hindsight.
Diversification means always having to say you're sorry about some investment in your portfolio!
https://connect.rightprospectus.com/Schwab/TADF/808515605/SP?site=FundsOrders to buy shares that are accepted no later than the close of a fund (generally 4:00 p.m. Eastern Time) generally will receive the next business day’s dividend. Orders to sell or exchange shares that are accepted and executed no later than the close of a fund on a given day generally will receive that day’s dividend.
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