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.
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 cor…
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 …
@hank, I thought you are holding D&C Balance fund
@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 …
”BTW, you did link to the book at Amazon. I'll let you puzzle over the meaning of advertise.”
Fair enough. I’ll delete the dink link to Amazon in the OP and replace it with this more objective book review.
HI WABC
I’m sorry you found this thread a waste of your time. I hope the moderators do not consider book reviews or discussions tantamount to advertisements, which are against board rules. Should this thread be determined to constitute an Ad, I’l…
Here’s a shared link to the WSJ Article
https://www.wsj.com/finance/investing/401k-withdraw-funds-hierarchy-risk-profile-cb03b136?st=BQbUvB&reflink=article_email_share
The author needed to take some money from his 401-K retirement plan at Fidelity. While he specified to an agent and believed the $$ would be taken from his “more aggressive” (riskier) holdings, Fidelity took it from his money market account in acc…
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…
OJ - You mean connecting 12-2 inside a gang box isn’t as easy with arthritic hands and fingers as it was 25 years ago?
Re The book - It does appear the author has a chapter devoted to his “simple and highly effective” way to invest. I dozed off …
+1 @bee / Great ideas! Thanks.
Despite the arrogance throughout, I did benefit from the author’s “risk” discussion and pulled back a bit on my overall investment stance. It’s a fun read or I wouldn’t have mentioned it. But yes - Dillian’s 180 …
Please don’t tempt me to buy some TSLA. Recently swore-off owning individual stocks or would wade in. Not sure why TSLA tumbled. A lot of folks who stayed away due to Musk’s participation in politics may gradually come back. Plus, Musk is devotin…
"Gold’s gone crazy. Over 5 years it’s risen from $1900 to $3400.”
Hmmm wonder if rono is selling any here. ”
rono’s pretty smart. I’d imagine he’s already fled the country with his bounty before the government decides to confiscate all bullion and…
Short-term / near-term data like this isn’t very helpful. I won’t fault FD for citing it because all of us mention short-term or near-term numbers from time to time, sometimes even noting day-to-day or month-to-month changes in stock averages (guilt…
Just sold RIV after approximately 6-8 weeks. Fido says I made 9.59% on it in that short a time. Hated to let go. Been doing some de-risking. Nothing to do with politics or global affairs. Just woke up one morning and realized that at nearly 80 I…
No. You can’t just respect a judge or court when you like the verdict and then condemn or disparage them when you disagree with the verdict. That’s the game the other side plays.
Thanks @Old_Joe for keeping us posted on the process as it plays…
”Inflows are from indexing being popular.”
Yes. It’s popular because it has worked for many decades. ”Nothing succeeds like success.”.
Is that’s what’s driving the market? Where does relative valuation come into play?
@FD. Thanks. But my ”guessing” is about whether passive inflows related largely to retirement plans is keeping the major U.S. indexes / stock prices artificially elevated? More a question of “why” than “what.” If it is in fact the case it might als…
Is the S&P 500 possibly weighted more in the direction of growth (vs value)? I’m beginning to give some credence to those who argue U.S. large cap valuations are being artificially distorted (to the high side) / kept aloft by passive inflows…
” … probably be satisfied if Congress simply delegated their tariff power to the President.”
Perhaps initially. But there’s a larger issue of whether Congress can constitutionally delegate away to another branch of government an authority they are…
Apologies to @Mark. I’d earlier credited the wrong poster for the Krugman / Ritholtz interview. Edited prior post to give Mark due credit for posting this lively discussion. I guess it is also a plug for Ritholtz’s new book.
Not normally a big Rit…
More ”whiplash” in store for investors. From Bloomberg tonight:
”US stock futures jumped and the dollar strengthened after President Donald Trump's global tariffs were deemed illegal and blocked by the US trade court … Contracts for the S&…
Can someone tell me how to play this good news tomorrow? Stocks? Bonds? Gold?
"More details are needed," Rodrigo Catril, a strategist at National Australia Bank Ltd. in Sydney said in reference to the ruling. "Particularly whether there is an i…
Excellent lively discussion. Filled with chuckles -
“Bonds have no value relative to equities ….You want to be an equity investor because there really is no ceiling to it.”
Edit: @Mark / Thanks for posting both the print & video links!
@Derf - Your topic heading (”Talk About Privacy”) might be a little more focused? Or, are you trying to emulate Vanguard’s more generic approach? :)
I’d say that procedure is pretty normal @Derf. Most, but not all, of my financial institutio…
Funny you should mention GABXX @msf. I was looking at another of their funds, GABCX, last evening and when I ran it on Fidelity’s site I learned they don’t offer it, nor do they offer GABXX. Not a huge fan of Gabelli, but have owned / do own 1 …
LOL @Mona
Similar rhythm & rhyme scheme to Frost’s “Stopping by the Woods … “
"Stopping by Woods on a Snowy Evening" by Robert Frost is written in iambic tetrameter, which means each line consists of eight syllables divided into four pairs, …
Raised portfolio cash from 10% to 15% with withdrawals from more aggressive holdings across the board. That somewhat understates actual short-term fixed income exposure because some of my ”investments” hold or attempt to replicate fixed income as w…
"Everybody has a plan until they get punched in the face." - Mike Tyson. I've always loved that quote.
+1 / ‘07-‘09 was a great “sobriety check” for most of us.
”Perhaps that's why you (@hank) sold?”
I never held a huge slug. It was always in the Traditional IRA. After it closed, the thought of converting a single share into a Roth occurred to me, but I never followed through. I owned DODBX directly in t…
Thanks for the thoughts @fundly. It’s all IRA money. So taxes are little concern. Reaching for yield in the Traditional IRA is an easy choice because I rarely do any trading in it. That’s where I currently have NEAR. But “cash” in the larger (a…
@msf offered this perspective in another thread:
“PRWCX is having one of its poorest performances relative to peers, all the way "down" to the 22nd percentile. Typically growth leaning, it has moved solidly into blend (37% of portfolio is LCBl) sug…
From this weekend’s WSJ
Investors continue to pile into ETFs at record pace
(If you’re not into sports betting at DraftKings, these products are the next best thing.)
FD said, ”I never believed in B&H for decades, the markets keep changing, and sometimes it's for years.”
Somewhat agree. Every 3-5 years I’ve found it prudent to alter the overall mix - even though it is intended as long-term B&H. An exam…
IAF (Australian Equity Market Index CEF) is up 8+% past month. I bought a bit (2% of portfolio) at an opportune time back in mid-March. What I like is it’s about as far away from Washington DC as you can get. :)
Keeping it for the long haul. (n…
