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Thanks. To clarify further, the trading page I use (one must be logged in) is:
https://invest.firstrade.com/cgi-bin/main#/cgi-bin/mf_order
As soon as I enter a ticker I see info for the particular fund (min, subsequent, and open/closed). I coul…
at Firstrade ... To check on other funds the only precise way is to open an account and put in a test trade which will tell you if it the fund is available and the minimums which for the majority is way under 10k.
I still have a login there many y…
My recollection is that 5% is dead average for the 10 year note over the past century. Good news: I recall hearing it from Kai Ryssdal on a Marketplace podcast. Bad news: can't track it down
TheMarketplace piece was actually written by Sabri Ben-Ac…
I-Bonds can only be bought and sold online through Treasury Direct.
You can still get paper bonds with your 1040 refund (up to $5,000 per year). But you have to hope that they don't get lost in the mail (one of mine did). Then to cash them in yo…
I think it {TreasuryDirect] should also mail 1099 for transactions
TreasuryDirect is not getting special treatment. Any business that issues 1099 is permitted by the IRS to deliver the forms strictly electronically (via email or web access) upon …
If you inherit savings bonds, make sure that you know whether the deceased has already paid taxes on savings bond interest up to the date of inheritance.
That can happen in two ways.
https://www.irs.gov/publications/p559#en_US_2023_publink100099…
From my following and researching CGBL, I have been pleased with its behavior. Its fixed income sleeve Core Plus. The only reason I have not invested in it is because of potential high distributions from its fixed income sleeve (bonds with market…
"My guy" At Schwab is investigating BRUFX's willingness to do "trustee to trustee" transfer. So it IS an option.
Is "your guy" just investigating, or has he confirmed with the Bruce Fund that they will allow you to create a new account (via transfe…
The March 3rd episode of Last Week Tonight With John Oliver featured Boeing.
I watched it on YouTube but it has since been taken down. Oliver broke the news to his followers in a Feb. 19 post on X (aka Twitter). “I know I usually share a link to ou…
To be clear, the family had existing Primecap accounts at Fidelity to which they would only be adding the transferred shares?
FWIW, Vanguard refused to transfer shares I had of a closed fund (T-IRA) into another account at Vanguard (Roth IRA). Va…
My understanding regarding Primecap is that Vanguard will not allow you to open a new account, even at Vanguard, even by transferring shares. "The Fund is closed to new accounts for investors not enrolled in Vanguard Flagship Services® or Vanguard…
Yes, I see that Schwab and TRP have some sort of affiliation. Dunno how old the arrangement is.
The T. Rowe deal went into effect "on or about Feb. 1" [2022]. ... [The annual fee paid by TRP, anticipated to be around $10M] far surpasses the fees th…
I took a brief look at this last night and have to read more about how the mechanism works, associated risks, etc.
1. One man's tax dodge is another man's smart investing. In theory, ETFs don't have an advantage over mutual funds - the statute t…
How to search for funds
p.s. I don't have a Schwab account
Several brokerages, including Schwab, have made it harder (or impossible) to use their tools without an account. As @Low_Tech observed, "Schwab re-arranged their whole fund/ETF research s…
“I don't know what the language of the year 2000 will look like, but I know it will be called Fortran.” —Tony Hoare, winner of the 1980 Turing Award, in 1982.
Scientific computing’s future: Can any coding language top a 1950s behemoth?
https://arst…
Very nice piece. One might add HSAs to the mix. They're sort of like Roths, in that growth is tax-free so long as you have accumulated medical expenses over the years (since the HSA was started) that exceed the amount withdrawn from the HSA.
Be…
Regarding a fund's holdings, it looks like you're referring to 17 CFR § 270.2a-4(a)(2)
https://www.ecfr.gov/current/title-17/part-270/section-270.2a-4#p-270.2a-4(a)(2)
Changes in holdings of portfolio securities shall be reflected no later than in t…
:-)
How many $1 bills to make a ton ?
Why bills? It could have been a sack of Sacagaweas - much more colorful.
https://www.usmint.gov/coins/coin-medal-programs/circulating-coins/sacagawea-golden-dollar
I brought in a ton of money this year as I continue to consolidate holdings. AFAIK that boosts the odds, but no one really knows how Fidelity decides to provide TT for free.
I was prepared to go to Costco while they were still selling Deluxe f…
I was assigned a Schwab rep. The guy is a pro with vast knowledge, has Series 7, 63, 66 Securities Licenses
From Schwab: "Dedicated Financial Consultants are generally made available to clients with $500,000 or more in assets at Schwab and more com…
FMILX - one manager, 1.3 yrs tenure, $100-500K invested
From M*: "The strategy underwent an entire portfolio management team change about a year ago".
Not quite your classic LCV fund!
The portfolio was LCV through 2021 and LC Blend in 2022. It's…
I opened an account in the early 2010s, for access to TGBAX when it was still a solid fund. It filled a small hole in my portfolio (foreign bonds). Firstrade was the only game in town where one could access the cheaper Advisor class shares with a…
Great find! A little quirky though.
It has two entries for Global Wellington - Admiral shares and Investor shares. That's redundant. So far that seems to be the only double listing, but I've just skimmed the page.
Rollover is one of those terms that everyone uses differently. Here's an IRS page entitled "Rollovers of Retirement Plan and IRA Distributions".
https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-d…
Vanguard gives 25 free trades/year at the Flagship level. Likely you need that much ($1M) at Schwab before they'll give you a break.
Otherwise, Vanguard charges $3/auto-invest, but with a min of two investments. If you're DCA'ing, that is of n…
BRUFX pulls up a quote at Schwab, but it's not available for purchase. So, it exists on Schwab platform, and should be transferrable in-kind. WBALX is no-load/NTF at Schwab.
"So it exists on Schwab platform" is a leap. Some brokerages provide qu…
FWIW, my account was an IRA (good guess!). I closed it several years ago but the Firstrade still lets me log in though not trade, obviously. So I can pull up some info like this but cannot do things like test trades to see what happens.
Brokera…
Why should we always have to settle? Why shouldn't systems work FOR us?
While this model was created to describe goods, it also applies to services.
You want good service? You'll either pay more for it (not cheap), or you'll have to wait for it…
I have a question or two for them, also, about THAT: foreign stocks incur a FEE? Even if they trade on US exchanges???? "Foreign stocks." That's what the footnote says.
I just posted a fair amount of info on foreign stock trading (in response to Yog…
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…
SIPC coverage is up to $500K with a $250K limit for cash. The cash coverage limit does not apply to MMF shares (those are securities), nor to bank sweep balances (that's in the bank not the brokerage and is covered by FDIC). It applies strictly t…
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 …
Alternatively, you could buy it directly on the London Exchange (PSH:GB). But not in a retirement account.
Fidelity charges £9 for the London Exchange transaction. At the current exchange rate of $1.26, that's around $11.35 - a lot cheaper than…
Here are my respective allocations (Note: I only have one OEF that does NOT have at least one Mag 7 holding), but I'm still about 3% UNDER the VTSAX Total:
AAPL 3.5%
AMZN 3.0%
GOOGL 3.8%
META 1.0%
MSFT 6.0%
NVDA 3.3%
TSLA …
Is there not an extra charge for over the phone transactions?
I've never been charged. Maybe they just like me :-)
Realistically, it's because a same day, cross-family transaction is something that cannot be done online and Fidelity doesn't penali…
This should eliminate the confusion that is possible now with T+1 for mutual funds/OEFs, but T+2 for others.
Most but not all OEFs trade T+1. Some still trade T+2. I ran into this problem a couple of months ago at Fidelity.
Fidelity will let y…
In your initial example, the person hypothetically tipping an outsider "of course ... could not share the news ... until it was publicly available." Regarding the tippee, "Unless [the tippee] knew someone and got inside information, it would have b…
Someone I help with financial stuff has an account with a brokerage that uses Pershing as its clearing house. The latest problem (can you say esoteric?):
In 2023, Puerto Rico swapped a bond held in the account for shares of a Delaware grantor tru…
