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Reallocated the AVGO dollars in the IRA to a conservative blend of holdings....adding to SWVXX, SNVXX, JPST, JPIE, NEAR, JAAA, HTD, PDT, PTA plus a new position in BRXAX. That leaves an allocation of 60% stocks, 27% FI, 13% cash.
Waiting for the inevitable self-inflicted policy error or black swan event to redeploy capital.
Been de-risking (mostly age / situation related). Sold off some more aggressive holdings. Surprised myself by opening a core position in OAKBX - a staple many years ago. Clyde McGregor has retired. The new team appears more conservative. The fund hasn’t done much lately. While I generally don’t hold bonds or bond funds, I’m OK when managers incorporate them as part of an overall approach.
@Sven - For about 20 years beginning around 2000 I did have money directly at D&C and owned various funds there including DODBX. I got completely out a year or so after moving everything to Fidelity (around 2020-21). Fidelity makes it difficult to buy & sell D&C funds w/o commission.
What you are probably remembering is I recently posted that one reason I never got seriously into PRWCX (owned a bit in a traditional IRA) was my investment in DODBX (inside a Roth) at the same time.
Dodge & Cox and Vanguard refuse to pay for "shelf space" at the fund supermarkets. Fidelity charges a $100 transaction fee (TF) to purchase mutual funds from these two fund families. Fidelity's fee for most other TF funds is $49.95.
@Observant1, Fidelity charges $100 for D&C and Vanguard funds. Not happy with that since I consolidated Vanguard accounts to Fidelity. Someone here mentioned that you can call Client Service to have the fees waived. Unsure if that is even possible?
I haven't heard that Fidelity will waive the transaction fees for D&C or Vanguard funds. If you discover Fidelity is willing to waive these fees, please let us know.
I don’t think Fidelity would waive the $100 transaction fee either. This is from some infrequent poster here who claims to have special privileges. When asked, he/she never reply.
I have no issue paying $100, but I will make sure I buy a large sum initially. And add to it later for $5 per transaction using Fidelity’s automatic feature. Just make sure that you want to hold this fund for longer periods.
I was able to transfer “in kind” all my D&C money to Fido without paying a commission. But the ability to add / sell / rebalance would have been compromised. A frequent poster (who always replies) has explained before how Fidelity does allow some type of systematic / ongoing purchase of D&C funds for a small ($5-$10) ongoing fee. Not sure how often or how that is assessed. But it is supposedly one way around their normal commission. It also, I think, supposes you’ve done an in-find transfer or paid the initial charge.
I spent a lot of time on the decision to buy OAKBX, looking at their holdings, considering the return on bonds today, and examining the fund’s 2022 & 2008 behavior. I might be wrong, but consider it currently somewhat less risky than PRWCX. Hard to compare it to DODBX because that fund has been significantly revamped over past 2-3 years.
"Fidelity does allow some type of systematic / ongoing purchase of D&C funds for a small ($5-$10) ongoing fee. Not sure how often or how that is assessed. But it is supposedly one way around their normal commission. It also, I think, supposes you’ve done an in-find transfer or paid the initial charge."
Fidelity allows automatic investments for $5 per transaction¹. A single transaction can be executed and subsequent transactions can be cancelled if desired. You're correct that an investor would need to pay the initial transaction fee unless the corresponding fund was transferred in-kind.
¹ Fidelity's automatic investment program does not include all TF mutual funds. Contacting Fidelity to confirm eligibility is best since website info may be inaccurate.
Fidelity allows automatic investments for $5 per transaction¹. A single transaction can be executed and subsequent transactions can be cancelled if desired. You're correct that an investor would need to pay the initial transaction fee unless the corresponding fund was transferred in-kind. Need to be logged into Fidelity to view following page. https://digital.fidelity.com/ftgw/digital/recurring-activity/
¹ Fidelity's automatic investment program does not include all mutual funds. Contacting Fidelity to confirm eligibility is best since website info may be inaccurate.
At Fidelity, selling transaction-funds is free. It is the buying OEF on Transaction-fee platform will cost $49.95. I believe it was @msf who I learned awhile back in Fund Alarm days where it cost $5 to add. Here is the steps: 1. Select Transfer (upper left hand corner) , 2. Select Manage recurring transfer, 3. Select create new activity (upper right hand corner), 4. Select investment, and this open a dialogue box, 5. Select fund symbol, account, $ amount you wish to buy, and the day of transaction. I usually pick a few days later once I set up the purchase. In the past, Fidelity likes the customers to make two purchases, but it is not necessary. You may cancel subsequent purchases without penalty.
Not sure what Schwab does with their fee schedule. At Vanguard, they provide free trading on Transaction-fee funds depending on the total asset you hold with them. The free part goes for buying and selling of that fund. This is really good for long term investors. The downside that Vanguard has a smaller set of OEFs to choose from. We consolidated to simply our life and Vanguard’s human service has declined in recent years.
Schwab charges $10 for their auto investment program. Like Fidelity, a TF is charged only for purchases and not for sales. Vanguard Flagship clients were previously granted 25 free transactions per calendar year. Transactions included buying and selling TF mutual funds. I don't know if Vanguard still provides this benefit for its Flagship clients. I've derailed this thread and will cease making further comments...
@Observant1, We were Flagship clients for over 30 years and used those privileges. We are not frequent traders and did not found them to be as useful as it sounded. There were a host of challenges we had, but I digress from this thread. Fidelity’s overall fee schedule, customer support, and planning tool fit our needs better. There are few transaction-fee funds we use, and the rest are either ETFs or OEFs. By the way, we received 1% bonus from transferring asset to Fidelity, but you need to ask first. With that I am okay to pay the $100 for D&C and Vanguard funds.
Schwab charges $10 for their auto investment program. Like Fidelity, a TF is charged only for purchases and not for sales. Vanguard Flagship clients were previously granted 25 free transactions per calendar year. Transactions included buying and selling TF mutual funds. I don't know if Vanguard still provides this benefit for its Flagship clients. I've derailed this thread and will cease making further comments...
Schwab has the option to waive TFs on D&C funds upon request. My account is also set up to waive TFs on Vanguard and Fido funds.
According to Old_Joe's link, Schwab's definition of a High Net Worth client is an investor with more than $1 million at Schwab. I transferred a taxable account from Vanguard (under $1 million) to Schwab almost one year ago and received a $1,200 award. Fee waivers for Vanguard and Fidelity mutual funds were also granted¹. I requested additional fee waivers for Dodge & Cox and T. Rowe Price mutual funds but my request was denied.
¹ I haven't purchased any new Vanguard or Fidelity mutual funds since opening the Schwab account.
Just put an order in to sell MMkt in Trad. IRA and replace it with Junk bond fund PRCPX. The sky isn't falling, and the higher yield is worth it to me. I've held it before. This one is rated higher, for what it's worth, by Morningstar, compared to TUHYX--- which sports an even higher yield. Still holding MMkt. in taxable investment account.
Think we should start anther tread. We are hijacking the original post. Sorry everyone.
You can certainly start another thread. But I really am not worried. I digress here, myself, sometimes. Everything that's lately been contributed is all about trading, buying, selling and connected circumstances.
@MrRuffles, I am curious as why Schwab would do that ? Are a a high net worth customer ?
Not according to the definition that Old_Joe found. I transferred another account in which I held D&C funds to Schwab and asked my advisor about waivers. She connected me with someone in the trading department who set them up for me.
@MrRuffles, thanks. It is good to found that In-kind transfer is okay for D&C funds. The same situation is also allowed at Fidelity as I transferred Vanguard funds to them. I talked with their representatives and confirmed the allowance prior to the in-kind transfer. Asset transfer from Vanguard to Fidelity went smoothly and it was completed in 7 days.
The question remains is whether one can open new position with D&C and Vanguard without paying higher level of transaction fees.
Comments
Waiting for the inevitable self-inflicted policy error or black swan event to redeploy capital.
For now, I am holding a large cash position and waiting for other opportunities for TACO trades. So many wins!
What you are probably remembering is I recently posted that one reason I never got seriously into PRWCX (owned a bit in a traditional IRA) was my investment in DODBX (inside a Roth) at the same time.
Thanks for comment.
Fidelity charges a $100 transaction fee (TF) to purchase mutual funds from these two fund families.
Fidelity's fee for most other TF funds is $49.95.
@Observant1, Fidelity charges $100 for D&C and Vanguard funds. Not happy with that since I consolidated Vanguard accounts to Fidelity. Someone here mentioned that you can call Client Service to have the fees waived. Unsure if that is even possible?
I haven't heard that Fidelity will waive the transaction fees for D&C or Vanguard funds.
If you discover Fidelity is willing to waive these fees, please let us know.
I have no issue paying $100, but I will make sure I buy a large sum initially. And add to it later for $5 per transaction using Fidelity’s automatic feature. Just make sure that you want to hold this fund for longer periods.
I spent a lot of time on the decision to buy OAKBX, looking at their holdings, considering the return on bonds today, and examining the fund’s 2022 & 2008 behavior. I might be wrong, but consider it currently somewhat less risky than PRWCX. Hard to compare it to DODBX because that fund has been significantly revamped over past 2-3 years.
But it is supposedly one way around their normal commission.
It also, I think, supposes you’ve done an in-find transfer or paid the initial charge."
Fidelity allows automatic investments for $5 per transaction¹.
A single transaction can be executed and subsequent transactions can be cancelled if desired.
You're correct that an investor would need to pay the initial transaction fee
unless the corresponding fund was transferred in-kind.
You need to be logged into Fidelity to view the following page.
https://digital.fidelity.com/ftgw/digital/recurring-activity/
¹ Fidelity's automatic investment program does not include all TF mutual funds.
Contacting Fidelity to confirm eligibility is best since website info may be inaccurate.
1. Select Transfer (upper left hand corner) ,
2. Select Manage recurring transfer,
3. Select create new activity (upper right hand corner),
4. Select investment, and this open a dialogue box,
5. Select fund symbol, account, $ amount you wish to buy, and the day of transaction. I usually pick a few days later once I set up the purchase. In the past, Fidelity likes the customers to make two purchases, but it is not necessary. You may cancel subsequent purchases without penalty.
Not sure what Schwab does with their fee schedule. At Vanguard, they provide free trading on Transaction-fee funds depending on the total asset you hold with them. The free part goes for buying and selling of that fund. This is really good for long term investors. The downside that Vanguard has a smaller set of OEFs to choose from. We consolidated to simply our life and Vanguard’s human service has declined in recent years.
Schwab charges $10 for their auto investment program.
Like Fidelity, a TF is charged only for purchases and not for sales.
Vanguard Flagship clients were previously granted 25 free transactions per calendar year.
Transactions included buying and selling TF mutual funds.
I don't know if Vanguard still provides this benefit for its Flagship clients.
I've derailed this thread and will cease making further comments...
I just looked that up on the net, and found this from Schwab.
It wasn't all that much help, to be honest, and no mention that I could see of waiving TFs. Info from MrRuffles should be interesting.
is an investor with more than $1 million at Schwab.
I transferred a taxable account from Vanguard (under $1 million) to Schwab
almost one year ago and received a $1,200 award.
Fee waivers for Vanguard and Fidelity mutual funds were also granted¹.
I requested additional fee waivers for Dodge & Cox and T. Rowe Price
mutual funds but my request was denied.
¹ I haven't purchased any new Vanguard or Fidelity mutual funds since opening the Schwab account.
The question remains is whether one can open new position with D&C and Vanguard without paying higher level of transaction fees.