I own PRIDX. Almost all my stuff is with TRP. "International Discovery." Smid-caps. M* rates it as mostly mid-cap growth. It fell hard with coronavirus. But it's coming back, down -13% now, ytd. Down to 3 stars, but still with a silver decoration. Turnover is 26% in the portfolio. I don't take Morningstar as gospel, but it's what I see most of. You get accustomed to navigating a particular website. Top 15% among peers, ytd. Not a great showing compared to peers LAST year, but still very good indeed. Upside capture is less than the 100 you'd like to see (or better,) but downside-capture is 85, and that's better than peers--- at least as Morningstar has them grouped. I'm sticking with it, but it's just 5.5% of portfolio. My TOTAL ex-USA stocks = only 7% now.
Here's the US NEWS magazine's TRP listing and ranking of TRP funds:
https://money.usnews.com/funds/t-rowe-price

Howdy,
A quick look for bond returns since March 20, when the bond markets were having problems.
As bonds in one form or another are part of many portfolios, the below numbers may provide an overview on the actions of some of your holdings.

I place the below again from a March 20 post.
A few views from bondland:
DAY(March 20) / WEEK / YTD
--- MINT = -1% / -3.6% / -4.1% (Pimco Enhanced short maturity)
--- SHY = +.27% /+.24% / +2.5% (1-3 yr bills)
--- IEI = +1.2% /+.7% /+5.2% (3-7 yr notes)
--- IEF = +2.6% /+1.5% /+8.4% (7-10 yr notes)
--- TLT = +7.5% / +3.6% /+18.1% (20+ Yr UST Bond
--- EDV = +7.15% / -.23% / +19.8% (Vanguard extended duration gov't)
--- ZROZ = +8.93% /+2.27% /+22.3% (UST., AAA, long duration zero coupon bonds)
***Other:
--- HYG = -2.24% / -12.9 / -20% (high yield bonds, proxy ETF)
--- LQD = +1.6% / -13.25% / -16.2% (corp. bonds, various quality)
--- LTPZ = +12.3% /+4.3% / +3.5% (UST, long duration TIPs bonds
I had also previously noted that EDV, TLT and ZROZ can be very hot potatoes to manage and require a close watch and what may adjust their performance directions.
Below, week ending April 24 with YTD only, which you may compare to March 20 YTD, above:
These below are AAA credit, except Other.
--- MINT = - .57%
--- SHY = + 2.8%
--- IEI = + 6.5%
--- IEF = +11.2%
--- TLT = +26.7%
--- EDV = +36%
--- ZROZ = +39.8%
***Other:
--- HYG = -9.7% (high yield bonds, proxy ETF)
--- LQD = +2.3% (corp. bonds, various quality)
--- LTPZ = +19.6% (UST, long duration TIPs bonds
Take care,
Catch

At Fidelity:
PTTAX has no fees but min is $1000.
PTTNA has a fee of $49.95 to purchase
PTTRX has one million min.
None is a good choice for most investors.
At Schwab
PTTAX has no fees but min is $100.
PTTNA not available
PTTRX has one million min and a fee of $49.95.
You just proved my point.
Loomis vs Pimco. In the last several years Loomis funds never made my final 5 top funds but Pimco funds many times.
One example among many: Just several weeks ago we discussed bond funds on M*. One of the funds was CBPSX/SAMFX(instit). At Fidelity, CBPSX has $2500 min no fees, SAMFX $100K min + fee=49.95. At Schwab, CBPSX has $1000 min no fees, SAMFX has no fees + only $100 min.
I can give many others and especially funds I traded.
Many times I can find new funds at Schwab several months before they are available at Fidelity
Sure, Fidelity may have several choices that Schwab doesn't but Schwab is hands-down better.
==============
I actually tried Fidelity ATM several years ago at Europe and they changed me the 1% fee while Schwab didn't
==============
Just 2 months ago I received a cash reward of $300 when I transferred just over $100K to Schwab, you are correct, you will not find it but if you ask you will get it. I had to submit a proof that another broker does it. Etrade does (link). This offer used to be for IRAs too. Over the years I have tried many times at both and again Schwab reps worked with me much better.
==============
Fidelity is better at
1) Adding to Inst fund for only $5 (many don't know this choice)
2) You can sell mutual funds after 60 days without a fee, at Schwab it's 90 days.
3) 2% cash back credit card.
I beat number 1,2 by buying only Instit shares and I don't pay for that.
I use the Fidelity credit card. You can find 2% elsewhere but I like the convenience.
The most annoying for me at Fidelity is selling and buying funds on the same day and the inability to buy a stock/ETF when your account is invested completely in mutual funds.
Lastly, both Fidelity and Schwab are the top 2 for most investors but for my needs, Schwab is much better. I find Fidelity more rigid than Schwab.

"All Pimco Instit shares have one million min at Fido but just $100K at Schwab. This means that for every $100K you will save $250 at Schwab per year"
PIMCO Total Return Fund costs by share class (from summary prospectus):
PTTAX (Class A) : 1.05%
PTTNX (Class I-3):0.86%
PTTRX (InstClass):0.71%
No pairwise combo adds up to a $250/$100K per year difference.
"Trust but verify" works best when figures are actual and not theoretical based on what one thinks they ought to be. Often the ERs of retail and institutional shares differ by precisely 0.25% due to a 12b-1 fee on the retail shares. But unlike many fund families, PIMCO also charges a higher management fee on its retail shares.
Fidelity will sell you PTTNX, so the difference on a $100K investment comes to $150/year (0.86% ER vs 0.71% ER), not $250. Still, that's real money, right? Absolutely, if one wants to invest $100K or more.
Suppose one wants to invest "just" $25K. At Vanguard, one could buy the institutional share class and save $85/year over buying the retail shares at Schwab. Or one could buy the I-3 shares at Fidelity and save $37.50/year over buying the retail shares at Schwab.
In fact, one doesn't have to pony up even that much at Fidelity, where there's no min on PTTNX.

Hi guys,
This week I thought I'd post the daily movement of the barometer in this way you might come to a better understanding of what went on in the market this past week in relation to stock market volatility along with the brometer's daily movement.
In review, last Friday's barometer reading was 143 with the S&P 500 Index closing at a valuation of 2875 indicating that the Index was overvalued. On Monday, the Index closed with a valuation of 2823 which produced a barometer reading of 150 indicating that the Index was at fair value on the barometer's scale. On Tuesday, the Index pulled back again closing at 2737 which produced a barometer reading of 163 indicating that the Index was now oversold based upon the metrics of the barometer. On Wednesday, the Index gained a little lost ground and closed with a reading of 2799 which produced a fair value reading on the barometer's scale at 150. Thrusday, the Index closed the day with a valuation of 2798; and, with this, there was not much that changed with the barometer's reading which remained at 150 and fair value. On Friday the Index moved upward and closed with a reading of 2837 whcih produced a barometer reading of 144 indicating that the Index had moved back into an overvalued reading of the barometer's scale. Energy was the only sector that was positive for the week and was up +1.67%. For the week the S&P 500 Index lost -1.3%.
If I had just posted the week ending barometer readings this week one could have assumed that not much took place during the week ... whereas ... a lot did. On a weekly basis the barometer reading went from a Friday to Friday close from 143 to 144. But, to really understand what actually went on you have to follow the Index's daily movement which is detailed in the above paragraph.
My three best performing funds for the week were all found in the growth area of my portfolio. They were KAUAX +2.43% ... AOFAX +2.42% ... and, FKASX +2.15%.
Thanks for stopping by and reading.
Take care ... be safe ... and, I wish all ... "Good Investing."
Old_Skeet

commisions are non-existent. you only pay by # of contracts you trade. And it is 65 cents at Schwab, Fidelity and TD Ameritrade. At Vanguard it is $1.0
I made $500 selling OTM puts in SPY last week in my fidelity account. SPY has 3 expiry dates every week. I just sold PUTs the day before each expiry. It was ridiculously easy.
There is something called beginners luck. I'm going to give this couple of months. If I continue to generate this kind of money I don't need RPHYX and RSIVX.

Thanks, @catch22. Clear, very clear. Total return is the goal. From Trad. rollover IRA, this year is the first time I've taken anything out of there. It's all with TRP. Turns out my timing was fortuitous. (Sell HIGH, not low!) Holy cow, that's 4 syllables.
....Still re-investing everything, otherwise. I've got 7 years until age 72 and RMDs. I do have my eye on Total Return, and I'm happy with my portfolio. I pine for the days of 5% CDs. Simple, easy, insured, rather foolproof...... That one, single big chunk was taken from PRWCX. Feels big to ME, but it was just $4,000.00. We're in no tax danger. I'm holding up well, since the market's swoon. I'm into single digits tonight, in terms of the "loss" from the all-time highs back in Feb.
Thanks for thinking of me. DAMN this keyboard. I have to type everything twice.

I wouldn't think inflation would be such a bad thing in some ways anyway. Wouldn't CD and MM rates of 5-6-7% again be a pretty nice outcome for retirees? Inflation also helps reduce the burden of national debt, oddly enough.
I'm looking for the silver lining here :)

This article just provides a warning about what may happen in the intermediate term when the Fed and Congress try to steer things back towards "normal". (The author didn't note this, but much of what he discusses is occurring on a global basis not just in the U.S)....
Fed actions have increased the quantity of money in the U.S. economy at a blistering rate.
By Tim Congdon

The economists Milton Friedman and Anna Jacobson Schwartz demonstrated in “A Monetary History of the United States” that a collapse in the quantity of money was the main cause of the Great Depression. Hoping to avoid a repeat, the Federal Reserve in recent weeks has poured money into the economy at the fastest rate in the past 200 years. Unfortunately, this overreaction could turn out just as poorly; history suggests the U.S. will soon see an inflation boom.
Excluding the years immediately after the Revolutionary War, the past few weeks have seen by far the highest rate of monetary expansion in U.S. history. The Fed might defend itself by saying that its “shock and awe” tactics have given financial markets confidence that the coronavirus won’t cause a long and deep recession. And its massive bond purchases—more than $500 billion between March 11 and April 1—surely won’t continue at the same rate for the rest of the year.
It’s reasonable to assume that by spring 2021 the quantity of money will have increased by 15% and possibly by as much as 20%. That wouldn’t quite match the peak rates of expansion seen during and immediately after the two world wars of the 20th century, but it could surpass peacetime records, outpacing the previous peaks in the inflationary 1970s.
As in wartime, federal expenditures are rising sharply while tax revenues are being hit by the lockdown. Both World War I and World War II—and, indeed, the Vietnam War—were followed by nasty bouts of inflation.
Mr. Congdon CBE is chairman of the Institute of International Monetary Research at the University of Buckingham, England.

I don't subscribe but for some reason the link worked for me.....
https://wsj.com/articles/get-ready-for-the-return-of-inflation-11587659836

@linter. Thanks for your question. I hold a good slug of CTFAX in my taxable account. Overall about 65 percent of my investments are held in taxable accounts since I have been an investor for the past sixty plus years from the age of twelve. And, simply stated ... I feel I'd be buying the distribution if purchased now. Yesterday, CTFAX sold down equities from an allocation of 70% to 40%. This sell activity will no doubt result in a sizeable capital gain payout in the upcoming June distribution.

Hi @Bobpa, My portfolio generates more income than I presently need. With this excess I continue to invest it back into my portfolio and grow my investment farm. At one time, I thought I'd reduce my asset allocation to produce just my my current income needs. But, as Lee Iacocca use to say ... "Lead, Follow or Get Out of the Way!" So, if you are not growing your principal you are losing to inflation. With this, I looked at what a conservative asset allocation (30% to 50% equity) would produce over time and I came up with somewhere between 4% to 6%. Trade around the edges, as I have done, and perhaps get up to 8%. I use to do a good number of spiffs from time to time. I see you list CTFAX as one of your choices. I like the fund and now, I let CTFAX automatically do some of my spiff positioning, for me. As you can recently see in this stock market volatility it has proved it's metal as it adjust its equity allocation based upon the movement of the S&P 500 Index. I plan to buy more of CTFAX after it makes it's June distribution.
You might also want to look at convertible securities funds. The one I use is FISCX.
In addition, my asset allocation is as important, to me, as the funds that I hold within my portfolio along with my investment strategy. My base line allocation is 20% cash, 40% income and 40% equity. From there I can tweak this up of down + (or -) five percent and generally rebalance at + (or -) two percent from my target allocation. When stocks go on sale why not own more of them? Currently, my temporary asset allocation while I'm playing this stock market pullback is 15% cash, 40% income and 45% equity. I recently let my equity allocation peak at 49% and then booked some profit reducing it to 47%. I'll be booking some more profit soon and I will be trimming equity back to 45%. From here I'll let it again move upward as the stock market recovers and trim again booking some more profit. And, keep on keeping on by repeating the process.
Something to ponder? Yes.
I wish you well with your investing endeavors.
Old_Skeet

I hope it is also one of the best 5 buying opportunities of his investors life. He will always earn management fees and buy yachts regardless of what's happening in the markets or the price of oil.

Yeah, it's a tough time, and I think going to get tougher, more than is being priced in now.
Since Feb 23, AOK and VWINX are about even, with the former showing bigger dip / recovery. Down over 5%, but only that. Praise the Lord.
AOM is a bit behind them, naturally. Two brutal months.
JABAX, FPURX, VLAAX, VWELX, and now VALIX are all bundled back around about the same point today, down 10% plus or minus, with the last one having the greatest dip and recovery over the last 2mos, the others closely tracking and less of a dip.
Of course all have different allocation proportions, but then almost everything has swung in step during this time.
You could conclude that you were simply going to put everything into some mix of AOK and AOM from now on, as someone recently recalled attention to, heading into a dicy future. But as msf and others have pointed out, you could probably do better with some effort and more than some luck. (Famous last words.)
I did not have the energy tonight to plot all of these allocation funds against my bespoke combo of CAPE, VOOG, and BND, so there.

Fidelity for me and others who like to invest in Instit funds and trade sometimes is a better choice. That's how I invest.

Fidelity?

- Schwab has a better online platform. It’s easier and more intuitive.

What's your metric? Something quantifiable, like time to complete tasks. If it can't be quantified, then the comparison is merely subjective.
For example, something I do often is look up a fund on a brokerage site. Just enter a ticker or fund name in the search box on Fidelity's home page. Easy and intuitive. Do the same search from Schwab's home page and get lots of links to scan through (for a search on fund name) or no results (for a search on fund ticker).
To get to fund data at Schwab: Use the drop down "What We Offer"; find Mutual Funds in the second column, click to next page. Scroll half way down that page for the "Browse Mutual Funds" link. Click to next page. Finally, a fund search box. Easy? Intuitive? Not.
To be fair, getting to Fidelity's fund screener is no more intuitive than getting to Schwab's. Navigation to a screener is lousy on both sites.

- Schwab offer more lower min funds. Examples: 1) All Pimco Instit shares have one million min at Fido but just $100K at Schwab. This means that for every $100K you will save $250 at Schwab per year 2) JMSIX,IISIX are NTF and Schwab but not fidelity. Many Fidelity customers buy these funds at other brokers and transfer.

How do others like you add to those Instit funds, like say, PIMIX, without incurring nearly $50 in fees every time, as opposed to $5 at Fidelity?
You're a numbers guy. Please quantify "more" in "more lower min funds". Otherwise, the comparison even if true, could be statistically meaningless, e.g. if Schwab offered 201 lower min funds while Fidelity offered 200.
What does "lower min funds" mean? Lower than stated in the prospectus? Lower than some fixed threshold? What threshold, $100K?
One can buy most Loomis Sayles Inst funds with a $2500 min at Fidelity, but they have a $100K min at Schwab. (The exceptions are LSFIX which is closed, LSIOX, LSHIX, LSIGX, and LSSAX, not offered.) You say PIMCO, I say Loomis Sayles. Naming individual funds or families doesn't substantiate the claim, let alone show that it's meaningful. Numbers please.
FWIW, All Pimco Instit shares have ... just $100K at Schwab" isn't correct. PCEIX, $1M min.

- Schwab reps will work harder to please you with fees, Fidelity reps are much tighter. In the last several years I got over $3500 cash rewards from Schwab after a transfer money from Fidelity which doesn't pay cash reward, I get free transactions on Istit share (extremely hard at Fidelity). I always ask for stuff and get it most times at

As the saying goes past performance does not guarantee future returns. Fidelity also provided sizeable bonuses in the past. Right now, Schwab isn't offering any promotion that I can find for existing customers.

- Schwab has a global ATM with a true no fees, Fidelity ATM has a 1% foreign transaction fee for other currencies

Not quite. Fidelity only reserves the right to assess the charge. Fidelity doesn't usually charge it. I even tested this a couple of years ago, by withdrawing the same amount using Schwab's card and Fidelity's. Each of the respective accounts was debited the same amount. That's when I decided that Schwab bank wasn't providing me any benefit.
Since you raised the matter of plastic, Fidelity's Visa credit card pays 2% vs 1.5% cash back from Schwab's American Express card. Amex, really?
Foreign transaction fees: After subtracting a 1% fee, Fidelity's card still nets 1% in cash rewards. Schwab's charges 2.7%, netting -1.2%. No wonder you're looking at Schwab's ATM card for foreign spending.

- Schwab target funds and ETF are cheaper than VG and Fidelity and most have just $1 min.

This is a thread about sector funds. So let's look at costs of Schwab sector funds. No tech, just a health care fund (SWHFX, 0.80% ER vs. 3 Fidelity sector funds with ERs between 0.71% and 0.76%), and a global real estate fund (SWASX, 1.05% ER vs. FIREX at 1.02%), not even any domestic real estate funds (Fidelity has two).

- Schwab doesn’t have a good sweep MM but you can just use SWVXX with competitive yield and trade in/out like any other fund and it doesn’t have a minimum. Fidelity makes it harder with several funds and different minimums.

At worst, that's a one time effort to pick the right fund. At Schwab, every time you want to make a security purchase, you have to remember to explicitly sell shares of your MMF. Fidelity takes care of this for you automatically.

Running Fidelity's Mutual Fund comparison tool, RBBAX returns less than VWINX or BACPX but is highly ranked in the 15% to 30% allocation segment.

MassMutual stole $50 in order to redeem and cash-out wifey's 403b. (Direct Rollover.) Mairs and Power took $20, when I cashed-out from them. We all like low fees. I'm just letting everyone know. Mass Mutual sucks pus from rat butts.

"I can just buy Fidelity® Select Technology Portfolio (FSPTX) with ER=0.72%. And I don't need to wait 3 years to get ER=50%"
That's true. WIth FSPTX you'll need to wait forever to get an ER of 0.50%.
"Can you find another big discount broker that has one million dollar min to buy Pimco Instit shares(example PIMIX)?"
Yes.
Can you find a big discount broker that has a $25K min (or less) to buy Pimco Instit shares (example PIMIX)?
Since you mentioned FSPTX, can you find a big discount brokerage aside from Schwab that has a $2500 min to buy the fund in a taxable account? Can you suggest brokerages where one can buy this fund without a fee?
Schwab apparently meets your needs. I'm happy for you, really. It's a great brokerage. But your needs are not the same as those of others.
You wrote that you "never tell [others] to use [your] style, never, [you] helped them using their style." That makes the blanket marginalization of Fidelity ("lost its way") tantamount to saying that independent of an investor's style, Fidelity is a poor choice.
When Schwab makes additional purchases of share classes like PIMIX available for less than $10/purchase, I'll consider it. When Schwab starts letting me pay bills out of a cash account with a decent yield (not just 0.05%), I'll consider it. Until then, it doesn't meet my needs.

You got it. Fidelity for me and others who like to invest in Instit funds and trade sometimes is a better choice. That's how I invest. If you just buy and hold then VG maybe your choice.
- Schwab has a better online platform. It’s easier and more intuitive.
- Schwab offer more lower min funds. Examples: 1) All Pimco Instit shares have one million min at Fido but just $100K at Schwab. This means that for every $100K you will save $250 at Schwab per year 2) JMSIX,IISIX are NTF and Schwab but not fidelity. Many Fidelity customers buy these funds at other brokers and transfer.
- Fidelity has strict trading rules not found anywhere else and not mandated by agency, SEC or anybody else. Examples:
1) if you sell a fund in your IRA, you can't buy another online, you must call a rep and spend time
2) Even if you sold a fund and call a rep you can only buy at 90% of the proceed. At Schwab it’s easy, you sell your fund and just enter another fund. For bond fund I buy at 99.5% for stock funds I buy at 98-99% because I look at what markets are doing
3) Suppose you own mutual funds in your IRA and you don't have any cash and want to buy a stock/ETF, you can't do it, you must sell your fund and wait one say for settlement. At Schwab, you just buy your ETF, see how much you own and sell your mutual fund to cover it. This is a huge advantage for me. Over the years I'm invested at 99+% but I trade several times annually. That means thousands of dollar which I can't do at Fidelity because I must have it in cash.
4) Schwab doesn't care if you trade their funds, Fidelity will punish you on a roundtrip less than 30 days.
I basically want all the flexibility I need/want.
- Schwab reps will work harder to please you with fees, Fidelity reps are much tighter. In the last several years I got over $3500 cash rewards from Schwab after a transfer money from Fidelity which doesn't pay cash reward, I get free transactions on Istit share (extremely hard at Fidelity). I always ask for stuff and get it most times at
- Schwab was always/mostly the leader for lowering fees vs Fidelity
- Schwab has a global ATM with a true no fees, Fidelity ATM has a 1% foreign transaction fee for other currencies
- Schwab IT is more advanced and faster. Example: Funds dist are placed in your account on the same day at Schwab. It takes Fidelity most times 2 more days. Fidelity FULL VIEW(where they link all accounts from other institutions) was broken for months and still can be off. Schwab has a similar feature and it works better and faster. If you traded funds you will see it at Schwab the same date with all the settlement while it takes Fidelity longer.
- Schwab target funds and ETF are cheaper than VG and Fidelity and most have just $1 min.
- Schwab doesn’t have a good sweep MM but you can just use SWVXX with competitive yield and trade in/out like any other fund and it doesn’t have a minimum. Fidelity makes it harder with several funds and different minimums.
- In the last 2-3 year, Fidelity reps knowledge deteriorated significantly.
- At tax time I have been waiting at Fidelity 15-20 minutes for a rep to answer while I never waited more than 1-2 minutes at Schwab.

Honestly, you are 100% misinformed on Fidelity. If you sell a fund in your IRA, you can’t buy another online? That’s just straight up false.

"I can just buy Fidelity® Select Technology Portfolio (FSPTX) with ER=0.72%. And I don't need to wait 3 years to get ER=50%"
That's true. WIth FSPTX you'll need to wait forever to get an ER of 0.50%.
"Can you find another big discount broker that has one million dollar min to buy Pimco Instit shares(example PIMIX)?"
Yes.
Can you find a big discount broker that has a $25K min (or less) to buy Pimco Instit shares (example PIMIX)?
Since you mentioned FSPTX, can you find a big discount brokerage aside from Schwab that has a $2500 min to buy the fund in a taxable account? Can you suggest brokerages where one can buy this fund without a fee?
Schwab apparently meets your needs. I'm happy for you, really. It's a great brokerage. But your needs are not the same as those of others.
You wrote that you "never tell [others] to use [your] style, never, [you] helped them using their style." That makes the blanket marginalization of Fidelity ("lost its way") tantamount to saying that independent of an investor's style, Fidelity is a poor choice.
When Schwab makes additional purchases of share classes like PIMIX available for less than $10/purchase, I'll consider it. When Schwab starts letting me pay bills out of a cash account with a decent yield (not just 0.05%), I'll consider it. Until then, it doesn't meet my needs.

You got it. Fidelity for me and others who like to invest in Instit funds and trade sometimes is a better choice. That's how I invest. If you just buy and hold then VG maybe your choice.
- Schwab has a better online platform. It’s easier and more intuitive.
- Schwab offer more lower min funds. Examples: 1) All Pimco Instit shares have one million min at Fido but just $100K at Schwab. This means that for every $100K you will save $250 at Schwab per year 2) JMSIX,IISIX are NTF and Schwab but not fidelity. Many Fidelity customers buy these funds at other brokers and transfer.
- Fidelity has strict trading rules not found anywhere else and not mandated by agency, SEC or anybody else. Examples:
1) if you sell a fund in your IRA, you can't buy another online, you must call a rep and spend time
2) Even if you sold a fund and call a rep you can only buy at 90% of the proceed. At Schwab it’s easy, you sell your fund and just enter another fund. For bond fund I buy at 99.5% for stock funds I buy at 98-99% because I look at what markets are doing
3) Suppose you own mutual funds in your IRA and you don't have any cash and want to buy a stock/ETF, you can't do it, you must sell your fund and wait one say for settlement. At Schwab, you just buy your ETF, see how much you own and sell your mutual fund to cover it. This is a huge advantage for me. Over the years I'm invested at 99+% but I trade several times annually. That means thousands of dollar which I can't do at Fidelity because I must have it in cash.
4) Schwab doesn't care if you trade their funds, Fidelity will punish you on a roundtrip less than 30 days.
I basically want all the flexibility I need/want.
- Schwab reps will work harder to please you with fees, Fidelity reps are much tighter. In the last several years I got over $3500 cash rewards from Schwab after a transfer money from Fidelity which doesn't pay cash reward, I get free transactions on Istit share (extremely hard at Fidelity). I always ask for stuff and get it most times at
- Schwab was always/mostly the leader for lowering fees vs Fidelity
- Schwab has a global ATM with a true no fees, Fidelity ATM has a 1% foreign transaction fee for other currencies
- Schwab IT is more advanced and faster. Example: Funds dist are placed in your account on the same day at Schwab. It takes Fidelity most times 2 more days. Fidelity FULL VIEW(where they link all accounts from other institutions) was broken for months and still can be off. Schwab has a similar feature and it works better and faster. If you traded funds you will see it at Schwab the same date with all the settlement while it takes Fidelity longer.
- Schwab target funds and ETF are cheaper than VG and Fidelity and most have just $1 min.
- Schwab doesn’t have a good sweep MM but you can just use SWVXX with competitive yield and trade in/out like any other fund and it doesn’t have a minimum. Fidelity makes it harder with several funds and different minimums.
- In the last 2-3 year, Fidelity reps knowledge deteriorated significantly.
- At tax time I have been waiting at Fidelity 15-20 minutes for a rep to answer while I never waited more than 1-2 minutes at Schwab.

"I can just buy Fidelity® Select Technology Portfolio (FSPTX) with ER=0.72%. And I don't need to wait 3 years to get ER=50%"
That's true. WIth FSPTX you'll need to wait forever to get an ER of 0.50%.
"Can you find another big discount broker that has one million dollar min to buy Pimco Instit shares(example PIMIX)?"
Yes.
Can you find a big discount broker that has a $25K min (or less) to buy Pimco Instit shares (example PIMIX)?
Since you mentioned FSPTX, can you find a big discount brokerage aside from Schwab that has a $2500 min to buy the fund in a taxable account? Can you suggest brokerages where one can buy this fund without a fee?
Schwab apparently meets your needs. I'm happy for you, really. It's a great brokerage. But your needs are not the same as those of others.
You wrote that you "never tell [others] to use [your] style, never, [you] helped them using their style." That makes the blanket marginalization of Fidelity ("lost its way") tantamount to saying that independent of an investor's style, Fidelity is a poor choice.
When Schwab makes additional purchases of share classes like PIMIX available for less than $10/purchase, I'll consider it. When Schwab starts letting me pay bills out of a cash account with a decent yield (not just 0.05%), I'll consider it. Until then, it doesn't meet my needs.

Plus, from across the pond:

The European Central Bank said on Wednesday it would let banks post collateral that was downgraded to junk during the coronavirus outbreak to prevent a credit squeeze in the euro zone.

https://reuters.com/article/ecb-policy/update-1-ecb-accepts-junk-bonds-as-collateral-to-help-virus-hit-banks-idUSL5N2CA7CV