Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Feel better. Schwab should give you whatever bonus they promised, regardless of your particular situation.
Just be careful about keeping the assets there long enough. That's something you don't have to worry about until well after you have re…
Cash back is not generally considered income, though the $1400 in interest certainly will be.
In most states, insurance companies use credit ratings to determine rates or even whether they'll renew your policy. Not just auto but homeowner policie…
I did (not for $5M - I wish!). Schwab told me that the higher bonus dollar amounts were for transfers from Fidelity but not from Vanguard. Was the offer you received for transfers from anywhere (or even better, from multiple sources combined)?
…
Even when the technology works, it doesn't make sense.
I tried to close our IRAs (empty accounts), but the system refused. Rep finally found that system supposedly waits 14 days after account is zeroed, and then automatically closes it. This is…
You're looking at M*'s economic exposure view, not a the "classic" asset view.
The Economic Exposure View displays the sensitivity of portfolio return to various asset classes. Economic Exposure will model the impact of these instruments based on th…
We've had this discussion before - see DSEEX: 100% notional exposure to stocks, 100% actual exposure to bonds, and (roughly) -100% effective exposure to cash. (Per M*, it's currently -91%.)
DSEEX is a good case study because it is conceptually sim…
There's many a slip 'twixt the cup and the lip.
ISTM that this is a risk whenever a third party is involved. I don't think the problem is with the institutions (fintechs) sweeping money into banks. It's that a third party (here, Synapse) is ser…
Southwest can't figure out yield management in the current travel market.
https://www.tts.com/blog/yield-management-in-the-airline-industry/
If that still sounds like gobbledygook: Southwest is having problems pricing its seats - it's either under…
I didn't mean to imply that JPMorgan was offering these rates. The only JPMorgan CD Fidelity shows is for one year. But that's at 5.40%, so the bank clearly knows this is the going rate and it could have held onto my money for three more months f…
I'll see what happens with my JPMorgan CD, possibly called in two days. ...
I picked it up at the end of last year to hold cash in my inherited Roth for this year's RMD. It locked in a good rate (5.35%) for at least six months (if called) and at…
I don't really want more income being taxed at my marginal rate these days -- so I tend to stick with qualified dividends
Because of the 20% 199A deduction, REIT income is not taxed at one's marginal rate.
CCH, Section 199A Qualified Business …
Yes, also had a transient problem earlier this morning.
Once logged in, my Vanguard saga continued ...
Interest (< $10) from Cash Plus account was credited yesterday (Mon) but didn't appear until today. Website said I could withdraw the cash. …
I had VUSXX and a little cash (bank sweep) in the Cash Plus account.
Vanguard actually credited me with the part-month (June) divs from VUSXX when I closed the position. I didn't know that at first because it didn't report the div transaction unt…
It's all a matter of allocating risk and how well you're compensated for taking on more risk.
If you get a long term, non-callable CD, you're assuming the risk that rates won't rise (opportunity cost) while receiving a guarantee that your return wo…
JPMorgan callables are sucker bait. They will be called, and as soon as possible.
As the reputedly French adage goes, all generalizations are false including this one.
Speaking as one of those suckers, I'll see what happens with my JPMorgan CD, pos…
For sure, they are safe. …. The old Kingston Trio song came to mind and couldn’t resist.
In the same vein is this cover of David Bowie's Space Oddity recorded in the ISS a decade ago.
The fees are definitely significant. A few families refuse to pay even the 10 basis points charged for TF funds. This is why Schwab and Fidelity have started charging TFs of $74.95 and $100 respectively for a few fund families such as Vanguard.
…
Seafarer may be creating this Retail share class to replace its Investor class shares. SFGIX has been closed since Sept 30, 2016.
The Investor class was the class sold NTF. It carries a 0.15% fee to pay for the shelf space. Not as a 12b-1 fee. …
Vanguard continues to impress - but not in a good way.
Tried to move our money out of our Cash Plus account. Sold VUSXX yesterday, settled today. All money now in bank sweep within Cash Plus and listed as available for withdrawal. Withdrawal …
I'm actually considering CapitalOne because of that change. I want a backup card for foreign travel - no foreign transaction fee and preferably a MC (since I've got a Visa card for travel). Now that Capital One has switched, it meets my requiremen…
I think people are making this too hard. The question is to compare what happened by selling/repurchasing vs. what would have happened by simply holding.
Holding: 1,000 shares before and after, plus an extra $87 in cash (from divs).
Sell/repurcha…
Will not bother the Bogleheads. They don’t trade or even look at their statements. Or so they say.
At least some beg to differ. I especially liked this post:I can’t imagine how many people are calling Vanguard customer service today or will in th…
Thanks for the reminder. There were two aspects of Vanguard's announcement that particularly irked me. One was the new closeout/transfer fee (FWIW, Schwab charges $50 vs. Vanguard's $100). The new charge for calling about non-trade-related iss…
Primecap started out as a mid cap growth, evolving over time into a large cap that straddled the growth/blend boundary. Core launched as a large cap blend as I recall. It has usually trailed Primecap in performance, as growth has generally led va…
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 su…
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 ...
…
Buying into the S&P 500 seems like buying into megacaps but then adding 300 "smaller" companies for what? Seasoning? Diversification?
If the decision is to go with megacaps, then why bother with that dreck? Or if the decision is to divers…
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 …
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 …
Do I earn interest in my Schwab MM fund from the date when the trade to buy is executed (today) or when the trade settles (Thursday)?
The prospectus for SWVXX / SNAXX, SNVXX / SGUXX, SNOXX / SCOXX, SNRXX, and SNSXX / SUTXX reads:
Orders to buy sha…
excluded are ... Treasury stock (buybacks that aren't cancelled).
Treasury shares are usually not counted (in the US) even before making a free-float adjustment. This is because indexes start with outstanding stock and Treasury shares are not outs…
it's hard to argue that dividends don't matter.
Sigh. Once again, I am not saying that investors should fritter away dividends (dividends don't matter, so don't include them in your total return). Rather, I am saying that whether or not a securit…
The only reason that I originally opened a separate account at Vanguard was to have access to Vanguard funds. Switching to Schwab or any new institution doesn't add to the number of places I'm dealing with, so I'm more open to Schwab than I would …
That’s a nod to the fact that over time compensation (water) can form inside the engine and contaminate the oil.
Do I receive compensation for observing that the risk is water condensation? :-)
The first time I brought our car in for annual servi…
I've started the move(s) from Vanguard.
Am transferring full Vanguard accounts to Fidelity, and will then transfer Vanguard funds (major part of those accounts) to Schwab for bonus and some TF waivers (notably Vanguard funds).
Am making smaller…
Additional detail and links in this NYTimes article (June 5):
Europe Has Fallen Behind the U.S. and China. Can It Catch Up?
https://www.nytimes.com/2024/06/05/business/economy/europe-economy-competitiveness.html
It says that "Mr. Draghi’s report w…
Two identical investments will net out equal total returns over a full year cycle, no matter when the distributions are made. That is tautology.
Bingo!
Total returns match not only at the end of a full year but day by day, as I illustrated. To …
guaranteed-income or lifetime-income ... Old name for these is annuities but that tainted term is now avoided.
Love it. See George Carlin's bit on euphemisms (shell shock)
Defined-benefit (DB) pensions have gone away except for some federal …
PRCWX traditionally lags its peers further and further as the year goes on, then distributes a massive dividend and CG payout in December, putting it squarely back in the pre-tax Total Return lead.
This statement says that the dividend adds to tota…
