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.
I’m thinking this might be an allusion to the fable Cinderella, published in earliest form in Italy in the 17th century; republished in a modern day collection by Brothers Grimm.
Synopsis: “A kind fairy goddess adorns Cinderella in elegant cloth…
Although that is possible, I think what is interesting is just how angry people in general get about almost everything now and the fact that he called him at 2 AM! No sense of boundaries.
Isn’t that when the bars close?
… Fidelity's holding period to avoid early redemption fees is 60 days, compared to Schwab's 90 days.
Thanks @carew388,
That’s an unexpected issue for me. I shuffle a fair amount of $$ around at TRP (and Invesco). Not selling entire fund - just …
Transfers within a fund family can be done same day, as if you had invested directly with the fund family.
But at Fidelity, you either have to wait a day after selling to buy a fund in a different family or call them to make the transfer (no a…
“Decades ago, Fidelity nudged all investors off of their mutual fund platform onto their brokerage platform. (Who remembers T-account numbers?) Vanguard is in the middle of that process now.”
Thanks. Wondered about that based on some past discussio…
@Mark - Do you own any Fido branded funds directly? Or is everything through a brokerage account?
Related - A “transfer-in-kind” to a brokerage account (staying in same TP fund) could afterwards be exchanged into any other fund available at Fidel…
Mike said, “I'm not a phone guy”
I used to be. But cost-cutting is the name of the game now. Looks like everyone from Amazon to TRP have made phone contact near meaningless.
Reason I was curious whether there’s any really good ones left.
Thanks @msf / The money market fund is simply a low balance “cash management” tool . It’s funded with automatic monthly transfers from my bank. That money mostly comes back out again when needed to pay off a credit card. The cc in turn funds maj…
What kind of minimum balance are we looking at in a brokerage cash account? Am I incorrect about that requirement? Perhaps it only applies in non retirement accounts?
Thanks @MrRuffles …
How fast can I go online and set up a transfer? I’d imagine some paperwork required, especially for checking?
Wonder where I got the impression there was a trading fee at Fido? I think it might apply to funds held for shorte…
Here’s a list of the 50 largest houses. Some are load-based. Any stand out as worthy of consideration? The number on the right references total number of distinct fund offerings.
SOURCE
Retail Net Assets # of distinct funds
1 Fidelity Investme…
I thought the original topic worth airing. Appreciate all the great input from members. Lots of great ideas on this and associated investment subjects.
Bottom line for me (from the experience related above) is that none of the four fund familie…
I invest directly with four fund companies (Traditional IRA, Roth and non-retirement accounts). Was already aware from past experience that three no longer required a medallion for lower amounts. The one involved here assured me that morning (when…
Fro @Catch’s Patriot Act link above:
“What Banks Consider to be Suspicious Activity …
“Another red flag for banks is when you have account activity that is out of the ordinary. For example, if you normally make $5,000 deposits into your business …
I recall an old pilot’s saying to the effect that you never have “too much” runway or altitude. The runway behind you or the sky overhead won’t do you any good if trouble arises.
Suspect that’s somewhat akin to financial resources. The money you’…
Hello, @hank …
At the moment, my fund managers have me -6% in short positions. Cash and bonds.
57: bonds
39: stocks
"other:" 3
Net 4% in cash.
@Crash Thanks for clarifying. Yep - you did specify RPSIX. I get RPSIX and PRSIX turned around all t…
...Surely I DO! RPSIX is that bond fund-of-funds with a smattering of stocks which I own. I don't own PRSIX. Maybe you just typo-d? Thanks for the explanation, @hank.
Crash,
Didn't intend to imply you owned TRRIX and / or PRSIX - just guesses. …
RPIEX. Overall performance this year is good. But still, the dividends are paltry. 51% in "cash?" They can't mean actual "cash" or MM? Could they???
Hi @Crash, Good question. As we’ve discussed before, funds that short stocks need to carry large c…
hank -was the junk bond fund, by chance, the infamous Oppenheimer Champion Income fund?
LOL - I don’t know. But I’m well aware of the former Oppenheimer “Champion” high income fund and have referenced it a few times here. Best recollection is it l…
Miners got whacked today along with everything else. The gold bugs I follow are dumbfounded. I have a slim hold in a mining fund, but retrenched a lot the past month or two. Would love to dive back in - but too early. Like playing with nitro.
”Don't forget @hank, @JD_co...many of the financial advisors, commentators and the like have only come of age during central bank balance sheet expansion...they are the experts now, borderline mocking the wise elders such as Munger and Buffett, how …
Not as bad as the afternoon in ‘87 when the Dow fell 27% during the short time I was driving home from work. Or as bad as the day in ‘08 when I happened upon an old HS buddy literally in tears because half his IRA had been wiped out in a few months …
Actually, Hussman’s flagship gained a bit more than reported above by @Baseball_Fan
HSGFX +.29% yesterday.
As @Derf reported, PRPFX (which I also own) was up slightly. A miracle considering several of its components were soft on the day: equit…
Lots of breasts here. Stocked up during the worst of Covid.
Kicking myself now for not buying wings.
:(
@Derf - Let us know when it’s safe to buy stocks again.
Agree with @Mark’s May 7 post (“Mr. Obvious”) / Remember 50 years ago when the “futurists” were all predicting that some day everyone would have to work only 3 or 4 days out of a week to make ends meet because with technological advances life would…
@BenWP - You can’t go wrong with RPGAX, IMHO. I expect it to lag a while until the dollar eventually weakens. Then the international exposure will begin to help. That said, the fees are high on it. FWIW - My equity exposure isn’t high and is prima…
@Baseball_Fan - Barron’s Is a fine publication (celebrating its 100th anniversary this week). As for hot stock or sector plays, with a mass media audience and appeal it probably isn’t as timely a predictor as what a good student of the markets (yo…
Was anyone aware at the time that DODBX has been shorting the S&P 500? Just uncovered that tidbit last evening in reading their December 31, 2020 report. Helps explain why the fund’s been stomping a lot of otherwise fine competitors this year.…
Heights make me dizzy. Sold off a (partial) chunk of PRPFX today (mentioned previously in the still running inflation thread). +20% YTD and +56% for 1 year. Owns companies that deal in commodities, real estate, natural resources. As such, it’s m…
Screw SNL and screw Dogecoin. What a farce, both of them.
If you want to invest, don’t discount any media - however lowly. All have the capacity to move markets in the crazy era we live in. So, turning a blind eye is not in your best interest. …
@JohnN - It’s all tied to SNL tonight.
“The cryptocurrency dogecoin, one of Musk's favorite market playthings, has been trading higher in anticipation of the SNL appearance.” STORY
Depends. Do you have good low latency broadband and TV receptio…
I'm starting to formulate my strat of what stonks I would buy in a downdraft ... @Baseball_Fan - Stonks? Would that be stinks or stocks? :)
It hurts a little when markets tumble, but in recent memory it’s always proven a great buying opportuni…
Yellen’s comment must have served to strengthen the Dollar on the currency exchanges, Most everything I own tied to non-dollar assets took a hit. Just by way of example: Miners lost 1.15% across the board. OPGSX, PRELX and RPGAX among my worst per…
