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@larryB,
I don't know what your problem was, but mine was usually answered.
Maybe it's time to transfer. I have done it several times between Fidelity and Schwab and why I keep them both.
The nice thing is that I got a nice cash bonus each time, and…
First mistake: using a chat. Always call, no ifs or buts. It's faster to get results.
Second mistake: call your local assigned rep, and let him/her lead you. You can also ask to talk with the local branch manager.
Third: CALL, and ask to talk with t…
OK.
Take 2.
1 if you're a purest.
2 if you're a traditionalist.
3 if you're an experimentalist.
5 if you're a conformist.
More than 5 funds, you should have your keys taken away.
c
Excellent. I'm going to frame this. :-)
The key word in Random Walk was COULD but why would anyone do it?
The SP500 or VTI beat most manage stock funds and definitely individuals over long term.
Malakiel, Bogle, and Buffett all agree.
Add to it the fact that these fund managers are traine…
The answer - 11 (prime number).
Why stop at 11, 13, 17, and 19 are also prime numbers.
But I like your Prime thing and why I have used 2,3 in the last several years and 5 for many years.
Concentration by itself doesn't work. I have been using concentration + momentum + best risk/reward funds + being in the right wide-range categories.
Since I started in 1995, there have been three long term cycles
1995-2000 + 2010-2020 = US Large ca…
I based my system loosely on 3 Buffet’s rules but adapted it to funds: Rule No. 1: Never Lose Money. Rule No. 2: Never Forget Rule No. 1 and Rule 3: Diversification is a protection against ignorance. I added a fourth rule: momentum. I also liked Bog…
I think that most investors would generate similar to better results over time by using up to 5-7 funds, mostly indexes, hardly trade, and rebalance...all based on their goals, style and risk tolerance.
I never believed in any of the above, which is…
Ok, I got it.
MM pays now 5+% but for years it pays under 1%. A couple of year from now it will be much lower. I can always find pretty good risk/reward bond funds but that's my specialty.
Logins at 4 weeks interval and not interested too much tell …
Just like FAIRX,SGIIX,OAKBX during 2000-10, and later 2010-17 mostly in LC tilting growth, I slowly changed to bonds, by selecting PIMIX as my first bond fund in 2010 and increasing it to over 50%, but I sold in 01/2018 and never looked back.
Then …
stayCalm
That said Fidelity and Vanguard imo are still better imo because one is not forced to manually enter a 2nd MMF trade for every single buy/sell.
Most should don't trade, and most shouldn't own MM.
This is such a small thing, no need to worry…
Catch 22. If your investing knowledge is below average, you don't know if your RIA is good. If it's above average, you don't need one.
RIA is a jack of all trades and a master of none.
Anytime you need a real advice, you need to see a real pro. For …
How is the above possible when you don't know what the sale proceeds will be(or even that the sale will actually go through) or do you do a conservative estimate and sweep up the remaining next day?
Well, pretty easy. Suppose you own US LC, before c…
Schwab relies very heavily on uninvested cash from customers -- don't know why there is confusion around this. Not offering auto sweeps into a MM fund like Fidelity and Vanguard is not due to Schwab being lazy, it is central to Schwab's strategy. Al…
This week is why I always maintain small cap exposure in my portfolio. My small cap fund (FDSCX) has made huge gains this week, over 3% today alone. Big gains (and losses) tend to happen very quickly with small cap funds.
It's "only" 290% behind QQQ…
I held 3 funds most of the years between 2000-10...FAIRX,SGIIX,OAKBX because the SP500 was not good (it lost money for 10 years). In 2010, I replaced the above funds with US LC tilting growth. So, I want to thank Bruce.
I don't care how good any m…
It's pretty sad and going on for years. Be scared of US LC, especially the MAG 5-6-7
But let me sell you NOW Value, SC, EM and CEFs.
Wait, last Dec the "experts" told us that the Fed is going to cut 5-6-7 times, buy Treasuries. VGIT is finally at 0.…
"Dovish may be for rates but not for equities where the action really stunk."
mmm....the SP500, the most known index in the world, looks pretty good to me, at making "only" 17+% YTD...(https://schrts.co/KgUBfiaZ)
Maybe ...... https://www.cnbc.com/2024/07/05/us-treasury-yields-flat-ahead-of-key-jobs-report.html
That's what I was thinking
Next week, rates may go up, and the explanation will not look great. These articles explaining stuff can be generated by…
I never had a problem with Schwab MM and I'm a trader. I always trade funds/MM on the same date, just make it a habit. MM is just another fund for me. I have had both Fidelity and Schwab for over 20 years.
Observations:
1) Gold has been a terrible investment for a long term holders.
2) If you are a good trader, why bother with gold.
3) Investing small % is meaningless longer term.
4) The breakdown of the world is a long term scare that hasn't material…
Studies have indicated exploiting the momentum factor can generate alpha.
Skilled traders who use momentum may be able to harvest some of this alpha.
Numerous studies also indicate active trading often leads to poor performance.
I contend the vast m…
As LTC Hal Moore said at the Battle of Ia Drang Valley, "Nothing's wrong ... except there's nothing's wrong."
I agree the markets are treading water and churning - there is a false sense of security forming, but at least it's not overwhelmed with…
(link)
Oppenheimer Asset Management is bullish on equities as H2 kicks off.
How about the truth...the SP500 has been positive at about 80% since 1980 every year. We don't have a clue what the SP500 will do in the short+long term.
With that in min…
Robinhood offers 1% without a cap, so $50,000 for a $5m transfer with a 2y holding period. Stocks and ETFs, no mutual funds. Tempting, but I passed on it.
The above is expired on 6-28-2024
https://go.robinhood.com/acats
All you have to do is read posts about trading, and the majority of them are in ETF/CEF/Stocks.
If someone trades very liquid ETFs such as SPY,QQQ the buy-sell difference is very small, and getting out in melting markets is easy. The less liquid, is…
Ok Raq, I already said that I forgot the word MOST in the post.
With that in mind, you are correct 100% about this minor issue.
So, adding the word MOST makes my statement 100% right
Now, if you want to make posts with real significant, such as whe…
Subramanian doesn't make sense.
If 1+2 above are correct then Subramanian models and predictions are useless too.
Quote "we recently reached, she reports, a 5,000 year low in interest rates" is false of course.
See (link1) (link2) and look at 5 yea…
I read what I said, and I found that if I added "MOST Investors who own ETFs trade" it would be better.
So, instead of being only 90% correct, I could have been 100%. I'll take that.
You start to remind me Bill Clinton...what is is?
Now, let's a…
So what you're saying mirrors my own statement. You can find people for which each approach could be 'correct' or 'incorrect'. Your original post said nothing about "the average Joe". For someone who trades, the fund is probably the inferior prod…
hank
Thanks FD. I’m trying to go up the ladder in credit quality for portfolio purposes. Also unsure of how big a distribution I’ll be taking or exactly when. Would prefer not to buy into a (OEF) mutual fund at this time.
Since we are discussing Mul…
Instead of PIMIX or PYLD(both are similar), look at RCTIX.
One year chart(https://schrts.co/JRNGpRmT)
3 year chart(https://schrts.co/RfSCENuJ)
The above is not a recommendation or a guarantee; do your own due diligence.
I sold PIMIX in 01/2018 aft…