If you get over the idea of core MM, Schwab is a better choice, at least for me.
Any time I sell a fund, I enter to buy a MM fund and they pay better than Fidelity. It's really that simple.
I stated here several annoying stuff that Fidelity does.
1) I get almost all my I share buy fees of $49.95 waived. It is extremely hard to get at Fidelity. It works well with my trading
2) Cash rewards for transfer from another broker at Schwab are easier to get, all you have to show is another broker that has it. I used Etrade most time. See Etrade offers (link). Example: if you transfer $100K to Schwab you will get $300, but not at Fidelity. Tried is several times. Schwab is more flexible.
3) If you sell an OEF whole position at Fidelity IRA, you can't buy online, you must call a rep, and they will buy only at 90%, even if you sold a bond fund, this is an exclusive Fidelity thing. I hate this one so much. Sometimes when I call the rep, they claim you can't buy, you must wait another day for settlement. At Schwab, I sell a fund, and immediately buy another, in my case at 99% of the proceeds of my bond fund.
4) Schwab updates their distributions much faster. Many bond funds pay on the last day of the month, by 9 PM they are in. It can take Fidelity 1 day or even 2 days.
5) Schwab MM pay a bit more. For ni min, SWVXX=5.2%, for one million min SNAXX=5.37%. You can see Fidelity (here)
6) Schwab has more unique funds that I'm looking for with lower min.
The above are important to me, but probably not much for most. Other than that, both are the best IMO.

I saw an issue referred to a little while ago: it went something like this: "cash reserves" that are sitting in Fido are by default put into some stoopid reserve account, where it just SITS, earning nothing. I think it's NOT a MM fund. The client has to manually move the money to a selected MM account? Because Fido does not have its own "bank?"
Sound familiar? If anyone can straighten me out about this, I'd be glad.

You’ve got this backwards.
Idle cash at Fido is swept into a fund which earns about 5% right now.
Idle cash at Schwab is swept into a fund which earns less than 0.5% right now.
The House of Chuck earns a lot of money from the spread between the pittance it pays on cash and what it earns. With interest rates where they are right now, many Schwab investors have started moving their idle cash into more lucrative funds which is dinging Schwab’s profits.

SOLD a bunch of stuff at the close yesterday, shaving off outperformance gains primarily achieved over the past 3 1/2 months. Effectively reduced stock exposure by about 25%. The old DI exit door reference by @Graust had changed from a ringing to a pounding in my ear.
Parked proceeds in FZDXX awaiting possible lower re-entry points and/or a ST play on NVDA after earnings later this month. Did however add to position we started in SCG NEAGX and may start dumping in there IF (when?) SCs start to Rock the Casbah.

I don't think that T Rowe Price offers genuine fractional trading for stocks/ETFs (that one can enter as orders; Fido & Schwab allow that, but a different order screen may be needed). But there are fractional shares for mutual funds and dividend reinvestments, and sell-all should work. Price clears through Pershing/BNY-Mellon, so restrictions are coming from that.
I think that one can drop by at Fido or Schwab local office for simple things. But if you need to see someone for more complex things, appointment may be required.
Almost all brokers charge fees of $50 or so for stocks that trade on foreign exchanges, and Canada is considered foreign. This is why use ADRs with tickers ending in "Y" that trade in the US, not those ending in "F" that trade on foreign exchanges.
Edit/Add. This appointment thing is getting out of hand as businesses work with skeleton staff. The other day, I dropped by my local hospital/clinic OUTPATIENT LAB for some blood work, and they asked be if I had an appointment? Since when, I asked? Lady said this has been for a while. But she graciously took care of the tests, but said to make appointment the NEXT time. Banks, w/appointments. Car dealers, w/appointments.

I'm sorry but not surprised to hear about these latest problems (execution of a transfer, online access) with T. Rowe Price. While I'm hardly defending them - incompetency is different from strict procedures - TRP could have underlying procedures that made the handling of trusts more difficult. It's the incompetency in TRP navigating its own procedures that seems to be the real problem.
For example, Fidelity has a rule that it won't let an individual transfer money from a joint account to their individual account without the express consent of the joint owner. Fidelity acknowledges that the individual has the legal right to make the transfer. But Fidelity has experienced enough complaints coming from joint owners that it has created this rule. However, Fidelity understands its own rule and has helped me work with it (joint owner preapproval on file).
What about funding IRAs from joint accounts? Fidelity makes an exception for this - it's done too often for Fidelity to apply its rule and I assume Fidelity doesn't get many complaints from joint owners about that type of transfer.
Access to records can be difficult at Vanguard. I had power of attorney (POA) for someone's account and was also executor. Knowing that Vanguard follows procedures rigidly, I snarfed all the records prior to notifying Vanguard of the person's death. The instant I notified Vanguard, access to the account including records was shut down.
As executor I was able to transfer assets into an estate account, but I never got access to the old account records. I might have had I pushed hard enough. Not worth it, since I already had squirrelled them away. Curiously this happened back when Pershing cleared Vanguard's transactions. Correlation or causation?
Back to TRP - my epilogue may sound familiar to @hank. TRP finally received the check from another institution on Fri, Feb 2 and shares were purchased in my TRP fund. On Mon Feb 5, TRP tried to cash the check a second time and added more shares to my account. On Feb 7, TRP canceled the Feb 5 purchase.
Yesterday I receive a snail mail notice that the check bounced:

The check we received in the amount of $$$ was not honored and was returned to us as unpaid. Accordingly, we have withdrawn the shares purchased by this payment.

I had to go check to make sure that TRP only removed the dup shares and that I still had the original Feb 2 shares in the account.

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!

When I sell a holding or transfer money into Fido brokerage or retirement account, it goes into a 5% money market fund automatically; perhaps this was something I set up manually

Regular Schwab accounts holding cash are not in a MM fund. They earn a tiny amount of interest, but not much. They call it a “sweep account” I think.
When MMs were paying nothing it didn’t matter. But now that they’re paying 5+ I try to keep the cash at a minimum.
Dont know about Fido.

https://www.sec.gov/Archives/edgar/data/1527428/000158064224000931/arrow-rc500etf_497.htm
497 1 arrow-rc500etf_497.htm 497
Arrow Reverse Cap 500 ETF
Ticker: YPS
A series of Arrow Investments Trust
Shares of the Fund are listed and traded on CBOE BZX Exchange
Supplement dated February 12, 2024 to the
Prospectus, Summary Prospectus, and Statement of Additional Information (“SAI”) each dated December 1, 2023
The Board of Trustees (the “Board”) of Arrow Investments Trust (the “Trust”) has determined that it is in the best interests of shareholders to liquidate the Arrow Reverse Cap 500 ETF (the "Fund"), a series of the Trust, following a recommendation by the Fund's investment adviser, Arrow Investment Advisors, LLC, and the Board has authorized an orderly liquidation of the Fund.
The last day of trading of the Fund’s shares on CBOE BZX Exchange, Inc. (the “Exchange”) will be February 26, 2024 (“Closing Date”), which will also be the last day the Fund will accept creation units from authorized participants. Shareholders should be aware that while the Fund is preparing to liquidate, it will not be pursuing its stated investment objective or engaging in any business activities except for the purposes of winding up its business and affairs, preserving the value of assets, paying its liabilities, and distributing its remaining assets to shareholders. Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. Authorized Participants may redeem baskets of shares for a pro rata portion of the Fund’s portfolio on hand through the Closing Date.
The Fund is expected to cease operations, liquidate its assets, and distribute the liquidation proceeds to shareholders on or about March 1, 2024 (the “Liquidation Date”). From the Closing Date (February 26, 2024) through the Liquidation Date (March 1, 2024), shareholders may only be able to sell their shares to certain broker-dealers and there is no assurance that there will be a market for the Fund’s shares during this time period.
Shareholders remaining on the Liquidation Date (March 1, 2024) will receive cash at the net asset value of their shares as of that date, which will include any capital gains and dividends as of such date. The liquidating cash distribution to shareholders will be treated as payment in exchange for their shares. The liquidation of the Fund’s shares may be treated as a taxable event. Shareholders may wish to consult with their tax adviser about their particular situation. Once the distributions are complete, the Fund will terminate.
For additional information regarding the liquidation, shareholders of the Fund may call (877) 277-6933.
______________________________________________________________________
This supplement provides new and additional information beyond that contained in the Summary Prospectus, Prospectus, and SAI each dated December 1, 2023 and should be read in conjunction with those documents. The Summary Prospectus, Prospectus and SAI have each been filed with the Securities and Exchange Commission and are incorporated by reference. Copies of these documents may be obtained without charge by visiting Fund’s website at www.ArrowFunds.com or by calling the Fund at (877) 277-6933.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Lotsa ways to slice and dice data to support a bearish or bullish bias. To wit. Rolling returns remove some of the bias inherent in picking arbitrary start and end dates to compare performance of two securities. Using FSELX vs. BIVIX as an example.
- Avg 3Y Rolling Return pretty close but at 5Y, BIVIX beats FSELX by almost 3 points
- Low 3Y Rolling Return for FSELX beats BIVIX by an impressive 11 points
- However Low 5Y RR for BIVIX beats FSELX by an impressive 8 points
- Sortino Ratio for BIVIX at 2.52 much stronger than FSELX at 1.43
- And so on..

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’m afreaid @Low_Tech is “behind the curve” however. Fixed income was in vogue a year ago when money market funds hit the “astronomical” 5% mark. Today we’ve moved on to the “Mag7” - some of which have tripled or quadrupled over the past year, dwarfing the measly return from fixed income.
Let’s get with it! :)
Nice going as @MikeM said. Regarding fixed income, as Yogi Berra used to say in an old TV commercial, “and they give ya your money back!” (or at least most of it)

Thanks.
I should have mentioned, 11% of my PF is in a money fund earning 5.2x %. Pretty stodgy, so maybe I'll sell everything and put it all in Bitcoin.

I was intrigued by the recent references to FSELX. Very impressive performance for sure. That said, over the prior 3 year period (this is my preferred benchmark) ending 01/31/24 and starting 01/31/21 BIVIX has handily beaten FSELX and this even after BIVIX currently going through a rough patch.
I personally would not hold more than 5% of FSELX given that it is a sector fund and pretty volatile.
FSELX: 23.73%
BIVIX: 38.89%

I’m afreaid @Low_Tech is “behind the curve” however. Fixed income was in vogue a year ago when money market funds hit the “astronomical” 5% mark. Today we’ve moved on to the “Mag7” - some of which have tripled or quadrupled over the past year, dwarfing the measly return from fixed income.
Let’s get with it! :)
Nice going as @MikeM said. Regarding fixed income, as Yogi Berra used to say in an old TV commercial, “and they give ya your money back!” (or at least most of it)

My boring, bond-heavy portfolio is up 3.26% YTD, all ETFs or MFs. I like normalized interest rates.

@Low_Tech, that is really good for a bond heavy portfolio. I'm having a hard time finding bond funds returning anywhere near 3.2% YTD. It must be the "equity-light" side of your portfolio driving that YTD return (?)

Mike: What's driving it (those returning more than 3.26%) are CEFs GOF (10.45%), PDI (9.43%), Janus Balanced JABAX (4.3%) and SPY (5.5%) (all numbers are from M*). Those are four funds out of a total of eight.
My retirement portfolio AA is 38/62. FWIW, I'm more interested in income than market prices or total return. But I do check TR, usually only quarterly, but saw this thread and thought I'd check it.

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.

ISTM as we age and seek out more esoteric investment styles with growth potential + downside protection fees are likely to increase. My two Long-short funds (10% each), NLSAX & CPLSX, both have “adjusted” fees in excess of 1.5%. With interest on short positions included, costs are even higher. But they are managed by highly experienced folks I think I can trust not to let the cattle roam too far off the ranch. Good sleep-well funds that should best cash over intermediate periods without a lot of risk.
Thanks David for posting your portfolio. Enlightening. (And thank you for not flaunting your “massive” holdings in The Magnificent Seven.) :)

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.

VGHCX
15.28% vs SP500 11.7%
(05/23/1984)