Search found 2877 matches
- Mon Mar 18, 2024 6:35 pm
- Forum: Personal Investments
- Topic: Anyone build a "TIPS" ladder with iShares iBonds?
- Replies: 35
- Views: 3666
Re: Anyone build a "TIPS" ladder with iShares iBonds?
How do these things get taxed? They throw off income from the inflation adjustments along the way to maturity? Are there additional taxes at maturity?
- Sun Mar 17, 2024 6:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
I'm really sorry to ask this because I'm certain that the info is somewhere in this huge thread but even focusing google searches on it I could not find my answer. Is there a use case, with a CMA and linked brokerage account, where one could have their paycheck direct deposited to CMA (I know this is possible) and set the maximum target balance in the cash manager to, say $10k, and it will then transfer any excess above that max target (eg. $10k), to the brokerage? When the CMA first came out I could swear this was the intended use case but it seems everyone wants a CMA with $0 balance and the brokerage as an overdraft instead. Out of curiosity, is this because ATM fees are refunded for CMA and not for a brokerage (unless you're some sort ...
- Sun Mar 17, 2024 3:29 pm
- Forum: Personal Investments
- Topic: All-in-one fund recommendations
- Replies: 49
- Views: 5752
Re: All-in-one fund recommendations
DFAW is 72% US and 28% ex-US
AVGE is 70% US and 30% ex-US with a value tilt.
AVGE is 70% US and 30% ex-US with a value tilt.
- Sun Mar 17, 2024 2:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
I'm really sorry to ask this because I'm certain that the info is somewhere in this huge thread but even focusing google searches on it I could not find my answer. Is there a use case, with a CMA and linked brokerage account, where one could have their paycheck direct deposited to CMA (I know this is possible) and set the maximum target balance in the cash manager to, say $10k, and it will then transfer any excess above that max target (eg. $10k), to the brokerage? When the CMA first came out I could swear this was the intended use case but it seems everyone wants a CMA with $0 balance and the brokerage as an overdraft instead. Out of curiosity, is this because ATM fees are refunded for CMA and not for a brokerage (unless you're some sort ...
- Sun Mar 17, 2024 1:18 pm
- Forum: Investing - Theory, News & General
- Topic: Fidelity introducing automatic ETF investing
- Replies: 158
- Views: 27427
Re: Fidelity introducing automatic ETF investing
I don't own any ETFs because of the recurring withdrawal issue. If they ever offer automatic RMD service and automatic withdrawals on after-tax accounts for ETFs then I would. As it is now, ETFs would just make my retirement plan more complicated.
- Thu Mar 14, 2024 10:22 am
- Forum: Personal Investments
- Topic: Switch 401k from VHYAX to SCHD?
- Replies: 10
- Views: 550
Re: Switch 401k from VHYAX to SCHD?
I have low 7 figures in a 401k in VHYAX. I am 67 and am on Social Security, have a defined benefit pension, and of course my 401k. So I am somewhat risk tolerant. Would I be better off in SCHD instead of VHYAX? SCHD seems like it pays a higher dividend and higher overall return. I understand it has a higher turnover, but that isn't a concern since this is a 401k. My goals are income more than capital growth. I've looked at these two as well. They are both index funds but follow different indices. Like with a lot of "income oriented" funds, VHYAX seems to give up long term growth for higher dividend payout. This is the Achille's Heal of dividend investing. SCHD does not seem to have that problem, and seems to be a good value-orien...
- Wed Mar 13, 2024 4:33 pm
- Forum: Personal Investments
- Topic: Financial Advisor says my portfolio is akin to a retiree at age 34
- Replies: 80
- Views: 8059
Re: Financial Advisor says my portfolio is akin to a retiree at age 34
And isn't buying individual munis riskier by nature? I mean, if you get a default in a muni mutual fund that holds 1000s of bonds that's different from a default in an individual bond that's a good chunk of your assets.
- Wed Mar 13, 2024 2:20 pm
- Forum: Personal Investments
- Topic: Financial Advisor says my portfolio is akin to a retiree at age 34
- Replies: 80
- Views: 8059
Re: Financial Advisor says my portfolio is akin to a retiree at age 34
I have a wealthy friend who uses an AUM advisor. Most assets are in individual muni bonds. The advisor claims these earn more than a muni find would. Is this possible?
- Wed Mar 13, 2024 11:57 am
- Forum: Investing - Theory, News & General
- Topic: Is Raymond James beating the SP500? That's what they are claiming.
- Replies: 59
- Views: 4612
Re: Is Raymond James beating the SP500? That's what they are claiming.
How did they do before 1993 and after 2002?
- Wed Mar 13, 2024 10:59 am
- Forum: Personal Investments
- Topic: Retiring at 77 - Annuity vs. investment income
- Replies: 17
- Views: 2630
Re: Retiring at 77 - Annuity vs. investment income
Half of her portfolio would purchase a SPIA with a payout of about $1400/mo, leaving the other half for an emergency fund and to make up for inflation. I know my parents have appreciated having the income from annuities and the safety of CDs. Personally, I prefer a bond fund, because even as someone who is on top of my finances, I don't want to keep track of any ladder system, but we have recent seen what can happen to our bond funds... That could provoke a lot of anxiety for someone we are trying to create a portfolio for here. That's just what I was thinking. IF her SS and a SPIA payout covered her "normal" expenses, then she could invest the rest in VTSAX or VBIAX or something like that. But we need more info on SS and expenses.
- Wed Mar 13, 2024 10:02 am
- Forum: Personal Investments
- Topic: Financial Advisor says my portfolio is akin to a retiree at age 34
- Replies: 80
- Views: 8059
Re: Financial Advisor says my portfolio is akin to a retiree at age 34
I think it's important to remember that some people who have a lot of money don't care about a 1% or 2% AUM fee. They don't have to think about it or learn anything, they just believe what their advisor tells them. Since they have more money than they need anyway, it doesn't matter.
I know this is foreign to how Bogleheads think, but I think it's more common than we realize.
I know this is foreign to how Bogleheads think, but I think it's more common than we realize.
- Tue Mar 12, 2024 4:59 pm
- Forum: Investing - Theory, News & General
- Topic: Age 60+ AND retired? What's your asset allocation? What type of bonds/Fixed Inc instruments do you use?
- Replies: 57
- Views: 8539
Re: Age 60+ AND retired? What's your asset allocation? What type of bonds/Fixed Inc instruments do you use?
Starting at 40/60 is to help mitigate SORR.LookinAround wrote: ↑Tue Mar 12, 2024 4:27 pmAt 72 you're looking to glide from 40% equities in your portfolio up to 60%?. May I ask why?
I'm 72 as well. My target has been 60/40. In actuality, it's drifted upward to 67/33 as the stock side has done. At 72 I'm thinking of gliding to 55/45. I know everyone's situation is different. Just curious why you decided to increase your equity holdings by 20%
The glide up to 60/40 is because my wife is much younger than me and is very likely to outlive me unless she gets run over by a bus.
- Tue Mar 12, 2024 4:11 pm
- Forum: Personal Investments
- Topic: Vanguard or Fidelity
- Replies: 73
- Views: 6495
Re: Vanguard or Fidelity
I don't mind the calls from Fidelity. My standard response is, "I don't need anything, thanks".trugs wrote: ↑Tue Mar 12, 2024 3:54 pm There is a greater chance that a Fidelity advisor, more so than a Vanguard advisor, will push you to invest in something expensive that you would be better off without. It just happened to me. viewtopic.php?t=426480
If you don't mind, and can recognize and resist the advice, you could do ok at Fidelity.
They call me about once a year. It makes me feel loved.
- Tue Mar 12, 2024 2:47 pm
- Forum: Investing - Theory, News & General
- Topic: Age 60+ AND retired? What's your asset allocation? What type of bonds/Fixed Inc instruments do you use?
- Replies: 57
- Views: 8539
Re: Age 60+ AND retired? What's your asset allocation? What type of bonds/Fixed Inc instruments do you use?
72, almost retired
AA approximately 40/60 currently, planning to glide to 60/40
Fixed income is Muni Money Market, PIMCO Income fund, and the bond allocations of my balanced funds
AA approximately 40/60 currently, planning to glide to 60/40
Fixed income is Muni Money Market, PIMCO Income fund, and the bond allocations of my balanced funds
- Tue Mar 12, 2024 12:53 pm
- Forum: Personal Investments
- Topic: Financial Advisor says my portfolio is akin to a retiree at age 34
- Replies: 80
- Views: 8059
Re: Financial Advisor says my portfolio is akin to a retiree at age 34
You need to learn "advisor speak". I'll translate it for you.
"Your portfolio is way too conservative for my age and missing out on growth."
Translation: "I'll put you in a complicated portfolio with 20 different funds that makes you think investing is difficult."
"Your my asset allocations are not diverse enough."
Translation: "You can't possibly understand how to diversify on your own. And I need the management fee for my kid's college tuition."
You should be adding REITs and some high growth funds.
Translation: "You need me to put you into a complicated portfolio, because I need the management fee to buy a new boat."
"Your portfolio is way too conservative for my age and missing out on growth."
Translation: "I'll put you in a complicated portfolio with 20 different funds that makes you think investing is difficult."
"Your my asset allocations are not diverse enough."
Translation: "You can't possibly understand how to diversify on your own. And I need the management fee for my kid's college tuition."
You should be adding REITs and some high growth funds.
Translation: "You need me to put you into a complicated portfolio, because I need the management fee to buy a new boat."
- Mon Mar 11, 2024 4:08 pm
- Forum: Personal Investments
- Topic: Vanguard or Fidelity
- Replies: 73
- Views: 6495
Re: Vanguard or Fidelity
I am transferring retirement funds and opening an investment account. Should I do Vanguard or Fidelity and will need personal assistance/advice from them as well. Any advice you may provide is appreciated. Thank you Either Vanguard or Fidelity would be a good choice in my opinion. It's largely a matter of personal preference,my personal preference is Vanguard because of their large menu of low cost funds to choose from. Fidelity does have local customer service offices in some cities, that may be important if they have an office near you and you need face-to-face help. Vanguard has a low-cost Personal Advisory Service you could use, link . Nerdwallet, review. Investopedia, review . Also Vanguard offers a wide variety of balanced funds whic...
- Mon Mar 11, 2024 3:48 pm
- Forum: Personal Investments
- Topic: Vanguard or Fidelity
- Replies: 73
- Views: 6495
Re: Vanguard or Fidelity
I am transferring retirement funds and opening an investment account. Should I do Vanguard or Fidelity and will need personal assistance/advice from them as well. Any advice you may provide is appreciated. Thank you Either Vanguard or Fidelity would be a good choice in my opinion. It's largely a matter of personal preference,my personal preference is Vanguard because of their large menu of low cost funds to choose from. Fidelity does have local customer service offices in some cities, that may be important if they have an office near you and you need face-to-face help. Vanguard has a low-cost Personal Advisory Service you could use, link . Nerdwallet, review. Investopedia, review . Also Vanguard offers a wide variety of balanced funds whic...
- Mon Mar 11, 2024 2:45 pm
- Forum: Personal Investments
- Topic: Vanguard or Fidelity
- Replies: 73
- Views: 6495
Re: Vanguard or Fidelity
Fidelity may have an in-person office near you, which can be convenient. You can get low cost options at either; Fidelity has more funds with higher costs, so you've got to pay attention to the expenses for the ones you choose. For instance, in target retirement funds, expense ratios: Freedom 2030: .66% Freedom 2030 Index: .12% There are also Fidelity Zero Funds, with a 0% expense ratio, but you would want not want to hold these in taxable accounts, because you would have to sell them if changing brokerages, they don't transfer. I mostly use Vanguard, but also have accounts at Fidelity and Schwab, in case one or the other can't be accessed. The local Fidelity office may be the determining factor for me. While A can manage everything myself...
- Mon Mar 11, 2024 2:21 pm
- Forum: Personal Investments
- Topic: Vanguard or Fidelity
- Replies: 73
- Views: 6495
Re: Vanguard or Fidelity
There are other threads on that here.
I've been looking at features of both of them. There are some differences that may or not matter to you depending on your holdings and types of accounts. In this arena one size does not fit all. If you're looking for something simple like "Fidelity is better" or "Vanguard is better" you might be disappointed.
I've been looking at features of both of them. There are some differences that may or not matter to you depending on your holdings and types of accounts. In this arena one size does not fit all. If you're looking for something simple like "Fidelity is better" or "Vanguard is better" you might be disappointed.
- Mon Mar 11, 2024 11:51 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
Recently started using Fidelity CMA account and Billpay. I understand that Billpay will send electronic payments to those registered with them, and for individuals/small business they have a tab to enter payee's information manually and then a paper check will be mailed, is that right? I am trying to pay a bill which only accepts checks or in person payments, and for checks by mail they ask to include a payment stub that was mailed to us along with the bill, I presume as the way to track which account the payment is going to. In this case can I still use billpay, or better off writing a check and mailing? I have enabled check writing on the CMA account and still waiting to receive them in the mail. My experience with billpay at two differe...
- Mon Mar 11, 2024 10:24 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
A couple of interesting things I found as I plan my retirement withdrawal strategy:
1. At Fidelity you can set up recurring transfers on a non-retirement account (regular brokerage or CMA) using proportional (weighted) withdrawals from investments. This means that whatever AA you have in the account, the withdrawals will be in the same proportion. AFIAK Vanguard can only do proportional withdrawals for RMDs on retirement accounts.
2. As I mentioned earlier, Fidelity cannot split the distribution of dividends and cap gains to go to two different accounts. Oddly enough, Vanguard CAN do that.
EDIT: Also, I just linked my Fidelity CMA to Vanguard. This means I could do transfers into the Fidelity CMA from Vanguard.
1. At Fidelity you can set up recurring transfers on a non-retirement account (regular brokerage or CMA) using proportional (weighted) withdrawals from investments. This means that whatever AA you have in the account, the withdrawals will be in the same proportion. AFIAK Vanguard can only do proportional withdrawals for RMDs on retirement accounts.
2. As I mentioned earlier, Fidelity cannot split the distribution of dividends and cap gains to go to two different accounts. Oddly enough, Vanguard CAN do that.
EDIT: Also, I just linked my Fidelity CMA to Vanguard. This means I could do transfers into the Fidelity CMA from Vanguard.
- Mon Mar 11, 2024 10:12 am
- Forum: Personal Investments
- Topic: Fidelity advice
- Replies: 67
- Views: 8024
Re: Fidelity advice
I thought Fidelity was privately held, not publicly-traded. Yes, that's an error on my part, but Fidelity (and Schwab) are still for-profit companies with a different corporate structure than Vanguard . Still, all three are often recommended here and they're usually good as long as you stay off the radar of the advisors harpooning for whales at Fido and Schwab. Don't think I've heard of that problem at Van (although maybe if assets exceed $5M Van pesters you to join VPAS too). https://www.reuters.com/investigates/special-report/usa-fidelity-family/ https://www.barrons.com/articles/fidelity-2022-profit-worth-more-schwab-a35b8119 The three have different structures but all three are for-profit regardless of what Vanguard marketing may have l...
- Sun Mar 10, 2024 10:07 pm
- Forum: Personal Investments
- Topic: Fidelity advice
- Replies: 67
- Views: 8024
Re: Fidelity advice
I keep telling them that I will call them if I have any questions, or require their services. That is not working. Call you local rep and have them update your profile to "self-directed investor, no solicitations." Use those exact words. Thank you. It was stepped up basis. I just want to keep it as simple as possible. They had him invested in so many overlapping mutual funds, and the same individual stocks in taxable and IRA. Then, it's hard to understand just what the advisor was referring to in "saving you a ton of taxes". It does not appear you made any terrible mistakes. You should structure your investments according to your risk tolerance what I call the "sleep well at night or SWAN" approach. I would gu...
- Sun Mar 10, 2024 3:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
… How do you setup daily? What if it fails due to insufficient amount? Does it stop all recurring or continues with next? I think you missed a step. At Fidelity there is an option to transfer the distributions from your holdings which go to the settlement fund to a different account. Including a linked bank account. This process can be set up to run daily. It’s not a fixed dollar amount but what ever distributions hit the settlement fund. All of this is set up through the normal transfer interface to move money between accounts. That is brilliant Yes, this can be very useful in setting up retirement spending. In our case, we know how much we want to to spend regularly (normal spending) and we also know we will have some lumpy discretional ...
- Sun Mar 10, 2024 3:33 pm
- Forum: Personal Investments
- Topic: IRA allocation with RMDs not needed for living expenses
- Replies: 8
- Views: 855
Re: IRA allocation with RMDs not needed for living expenses
Whenever I read these threads I always wonder, if someone uses DIY 3-fund portfolio and tax-efficient asset location, who will manage this when the retiree is older? If professional management is needed, will the benefits of the tax-efficient asset location be dwarfed by investment management fees?
- Sat Mar 09, 2024 12:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
… How do you setup daily? What if it fails due to insufficient amount? Does it stop all recurring or continues with next? I think you missed a step. At Fidelity there is an option to transfer the distributions from your holdings which go to the settlement fund to a different account. Including a linked bank account. This process can be set up to run daily. It’s not a fixed dollar amount but what ever distributions hit the settlement fund. All of this is set up through the normal transfer interface to move money between accounts. That is brilliant Yes, this can be very useful in setting up retirement spending. In our case, we know how much we want to to spend regularly (normal spending) and we also know we will have some lumpy discretional ...
- Sat Mar 09, 2024 12:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
Recurring transfer of constant amount? You must know amount beforehand right? You can do a recurring transfer for either a fixed amount or you can do what Fidelity calls "earnings", which is dividends and cap gains. I confirmed with them (yesterday) that you cannot set up a transfer transfer dividends or cap gains to separate destinations. FYI, Vanguard CAN split dividends or cap gains to go two different destinations, which would be useful for a fund like Wellesley that has very lumpy annual cap gains distributions. This would likely only be relevant if you had say a such such as Wellesley in an IRA and only wanted to extract to dividends. One scenario that I could conceive of is someone who has a withdrawal strategy of RMD+divi...
- Sat Mar 09, 2024 2:26 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
- Fri Mar 08, 2024 12:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
Vanguard will automatically liquidate Vanguard mutual funds to get the cash for a scheduled RMD withdrawal. There's no need to sell manually.radiowave wrote: ↑Fri Mar 08, 2024 6:59 amAre you asking if the RMD cash payout to taxable can be sent from within the Vanguard taxed deferred account directly to Fidelity CMA? If so, that would be interesting. My gut feeling is you'll have to sell to cash for the correct RMD amount to a VG taxable account then transfer that to Fidelity CMA . . . maybe you could automate that?
I'm currently in the process of setting up my Fidelity CMA as a "bank" for Vanguard transfers. We'll see if that works.
- Fri Mar 08, 2024 11:10 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
Does anyone know if you can set up multiple recurring transfers on the same Fidelity account?
For example:
1. On an Fidelity IRA you want a monthly RMD amount to be sent to your bank checking account, plus you want an additional $100/month sent to a Fidelity CMA. This is two recurring transfers on one account.
2. On a Fidelity regular brokerage account you want dividends and cap gains sent to a Fidelity CMA, plus you want an additional $100/month sent to your bank checking account. This is two recurring transfers on one account.
For example:
1. On an Fidelity IRA you want a monthly RMD amount to be sent to your bank checking account, plus you want an additional $100/month sent to a Fidelity CMA. This is two recurring transfers on one account.
2. On a Fidelity regular brokerage account you want dividends and cap gains sent to a Fidelity CMA, plus you want an additional $100/month sent to your bank checking account. This is two recurring transfers on one account.
- Thu Mar 07, 2024 5:45 pm
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
Does anyone know if you can have RMDs from a Vanguard IRA sent directly to a Fidelity CMA?
- Thu Mar 07, 2024 2:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Dual Direction Annuity - 2 good 2B true?
- Replies: 15
- Views: 1313
Re: Dual Direction Annuity - 2 good 2B true?
I was thinking about going to one of those sometime. I'm not sure I could keep from laughing during the presentation though.FreddieFIRE wrote: ↑Thu Mar 07, 2024 1:50 pm Hopefully you at least got a free steak dinner for listening to the sales pitch.
- Thu Mar 07, 2024 12:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Dual Direction Annuity - 2 good 2B true?
- Replies: 15
- Views: 1313
Re: Dual Direction Annuity - 2 good 2B true?
"If it sounds too good to be true, it is, every time."
- Thu Mar 07, 2024 10:51 am
- Forum: Personal Finance (Not Investing)
- Topic: Fidelity as a one stop shop
- Replies: 5973
- Views: 1009106
Re: Fidelity as a one stop shop
I was looking at my Fidelity accounts and I just had a thought. Is it possible to use two Fidelity accounts, we'll call one "Savings" and call one "Spending", like this: Savings (probably a regular Fidelity brokerage account) Holds mutual funds or ETFs. Reinvestment of dividends and cap gains is OFF. Spending (probably a Fidelity CMA) Holds only a MM fund. A recurring daily transfer is set up to transfer what Fidelity calls earnings (dividends and cap gains) from Savings to Spending . In case you were wondering why someone would do this, let's say principle in the Savings account doesn't need to be consumed, and the dividends and cap gains are only used for discretional spending. This provides an easy way for a non-finan...
- Thu Mar 07, 2024 10:18 am
- Forum: Personal Investments
- Topic: Fidelity FZEXX - does it matter if I reinvest the dividends?
- Replies: 4
- Views: 676
Re: Fidelity FZEXX - does it matter if I reinvest the dividends?
- Thu Mar 07, 2024 10:13 am
- Forum: Personal Investments
- Topic: Fidelity FZEXX - does it matter if I reinvest the dividends?
- Replies: 4
- Views: 676
Re: Fidelity FZEXX - does it matter if I reinvest the dividends?
Dividends from all investments are taxed when they're paid regardless of whether they're reinvested or not and aren't included in capital gains calculations. Dividend reinvestment has no meaning in the tax code, it's just a service brokerages provide that uses money from the dividend to automatically buy more of the same investment that paid the dividend. If you want to hold your cash in FZEXX then it makes more sense to reinvest the dividends than to pay out to whatever your account's default core position is and then reinvest in FZEXX manually. Yeah I figured it was easier to just let it reinvest but I'm new to Muni MM funds so I wanted to verify. Since it maintains a constant NAV of 1.00 there's no way to have any unintentional short-te...
- Thu Mar 07, 2024 10:08 am
- Forum: Personal Investments
- Topic: Short term to intermediate repositioning.
- Replies: 10
- Views: 1046
Re: Short term to intermediate repositioning.
What is VWLAX?whiterabbit66 wrote: ↑Thu Mar 07, 2024 4:46 am So NZF and a lot of the Nuveen muni suite just increased fixed dividends today 11% plus. VWLAX adjusts monthly. Pretty sure the 50% mix discussed in this thread is a good one and what I will pursue. Getting muni funds or CEF's (historically under NAV) paying the same as treasuries is an opportunity that won't last forever for taxable accounts.
- Thu Mar 07, 2024 12:39 am
- Forum: Personal Investments
- Topic: Fidelity FZEXX - does it matter if I reinvest the dividends?
- Replies: 4
- Views: 676
Fidelity FZEXX - does it matter if I reinvest the dividends?
I have a chunk of Fidelity FZEXX (Fidelity Tax-Exempt Money Market) in my Fidelity CMA. For a typical Muni fund I would take the dividends in cash rather than reinvest. Since FZEXX maintains a constant share price value (more or less), it will never have a cap gain like a typical Muni fund might. So, from a taxation point-of-view, does it matter if I reinvest the dividends? That was the default reinvestment setting after I bought it recently.
- Wed Mar 06, 2024 3:57 pm
- Forum: Personal Investments
- Topic: Are factors dead?
- Replies: 84
- Views: 10776
Re: Are factors dead?
If factors are dead then what will all the people who like to research and publish about factors do?
- Wed Mar 06, 2024 3:08 pm
- Forum: Personal Investments
- Topic: Fidelity Calls from "Palumbo Wealth Management Team"
- Replies: 37
- Views: 3506
- Wed Mar 06, 2024 2:01 pm
- Forum: Personal Investments
- Topic: Fidelity Calls from "Palumbo Wealth Management Team"
- Replies: 37
- Views: 3506
Re: Fidelity Calls from "Palumbo Wealth Management Team"
I'm at the point where I only receive a call or email from Fidelity wanting to "check up on me" about once a year or so. - I never reply to the emails - I don't answer the phone anyway, so there's no way they could ever pressure me to do anything. Years ago it was really frequent - but as I've ignored them over time, it's become less and less frequent. Cheers. Ditto. This is the best strategy, really. I also never answer any phone call unless I know the caller. Never. You do know caller ID is unreliable because it can be spoofed, right? Yeah, but I am not sure where you are headed? I get a call from 212-555-1212 which assume is correctly my 90-year old mom's line. I am not supposed to answer it because it could be spoofed? I get ...
- Wed Mar 06, 2024 1:45 pm
- Forum: Personal Investments
- Topic: Fidelity Calls from "Palumbo Wealth Management Team"
- Replies: 37
- Views: 3506
Re: Fidelity Calls from "Palumbo Wealth Management Team"
You do know caller ID is unreliable because it can be spoofed, right?Godot wrote: ↑Wed Mar 06, 2024 12:41 pmDitto. This is the best strategy, really. I also never answer any phone call unless I know the caller. Never.dcabler wrote: ↑Tue Mar 05, 2024 7:27 am I'm at the point where I only receive a call or email from Fidelity wanting to "check up on me" about once a year or so.
- I never reply to the emails
- I don't answer the phone anyway, so there's no way they could ever pressure me to do anything.
Years ago it was really frequent - but as I've ignored them over time, it's become less and less frequent.
Cheers.
- Tue Mar 05, 2024 8:14 pm
- Forum: Personal Finance (Not Investing)
- Topic: Dividends & interest from a Merrill CMA deposited automatically to a checking account?
- Replies: 1
- Views: 357
Re: Dividends & interest from a Merrill CMA deposited automatically to a checking account?
I was on chat with Merrill today and set up a daily transfer of cash in my Merrill CMA to my BofA account. They couldn't do it directly like Vanguard does, but the transfer is good enough.
- Tue Mar 05, 2024 6:28 pm
- Forum: Personal Investments
- Topic: Short term to intermediate repositioning.
- Replies: 10
- Views: 1046
Re: Short term to intermediate repositioning.
Rates are going to drop and they are going to go up, but not necessarily in that order and the timing is unknown.TimeIsYourFriend wrote: ↑Tue Mar 05, 2024 6:06 pm Rates are going to go up, not drop. That sounds silly and it is but saying rates are going to drop as if it is a near certainty is just as silly.
- Tue Mar 05, 2024 6:04 pm
- Forum: Investing - Theory, News & General
- Topic: RMD withdrawal
- Replies: 5
- Views: 881
Re: RMD withdrawal
Hopefully you meant this:Almost there wrote: ↑Tue Mar 05, 2024 6:01 pm I have to take approx. $15K from my RMD for 2024.
I have 3 funds to consider:
VSGDX Short Term Fed Fund 0.26%
VTSAX Total Stock 0.24%
VWENX Wellington 0.50%
From where would you take the money to satisfy the RMD? Presently it will go to my individual brokerage account (settlement account).
Almost there
VSGDX Short Term Fed Fund 26%
VTSAX Total Stock 24%
VWENX Wellington 50%
If you like the AA why not just set it up withdraw proportionally?
- Tue Mar 05, 2024 5:47 pm
- Forum: Personal Investments
- Topic: Short term to intermediate repositioning.
- Replies: 10
- Views: 1046
Re: Short term to intermediate repositioning.
I have a lot of short term treasuries maturing the next few months in my taxable account. Looking for a bond fund or CEF that will pay around short term rates but also offer potential capital gains when rates drop. I already have a lot of money in Nuveen NZF muni CEF which I have held a few years and I like, this CEF should perform well on any rate cuts. I understand and am happy with the risk involved in leverage muni funds/CEF's. I was thinking of putting some more into NZF and the rest into VWALX so my muni's would be 50% in each and offering a current blended yield of 6% and a good chance of some upside. Any thoughts on this approach and any other options I am missing? Tax free 6% income with some growth and the option to sell and buy ...
- Tue Mar 05, 2024 2:37 pm
- Forum: Personal Investments
- Topic: Short term to intermediate repositioning.
- Replies: 10
- Views: 1046
Re: Short term to intermediate repositioning.
I have a lot of short term treasuries maturing the next few months in my taxable account. Looking for a bond fund or CEF that will pay around short term rates but also offer potential capital gains when rates drop. I already have a lot of money in Nuveen NZF muni CEF which I have held a few years and I like, this CEF should perform well on any rate cuts. I understand and am happy with the risk involved in leverage muni funds/CEF's. I was thinking of putting some more into NZF and the rest into VWALX so my muni's would be 50% in each and offering a current blended yield of 6% and a good chance of some upside. Any thoughts on this approach and any other options I am missing? Tax free 6% income with some growth and the option to sell and buy ...
- Tue Mar 05, 2024 2:06 pm
- Forum: Personal Investments
- Topic: Fidelity Calls from "Palumbo Wealth Management Team"
- Replies: 37
- Views: 3506
Re: Fidelity Calls from "Palumbo Wealth Management Team"
Fidelity calls me about once a year. I have an advisor shown on the top of my screen and they always say they are with that guy's team.
- Tue Mar 05, 2024 10:11 am
- Forum: Personal Investments
- Topic: Merrill Edge Taxable Accounts
- Replies: 30
- Views: 4413
Re: Merrill Edge Taxable Accounts
Just chiming in quickly to note that I also use Merrill Edge for the Platinum Honors benefits (2.625% cash back everywhere with a couple of their cards, more in bonus categories). Both my better half and I have IRAs with Merrill Edge (both Roth and Traditional) and we have a CMA (Cash Management Account -- their taxable brokerage account). Our portfolios are basically entirely VTI (Vanguard Total Market Index fund ETF), VXUS (Vanguard Total Int'l Market Index fund EFT) and BND (Vanguard Total Bond Market ETF). I find Merrill Edge to be just fine for buying Vanguard Index Fund ETFs -- it's easy enough to do and while the platform isn't nicer than others I've used, I don't need it to look pretty since I'm not spending much time looking at it...
- Mon Mar 04, 2024 5:44 pm
- Forum: Personal Investments
- Topic: Vanguard Wellesley
- Replies: 125
- Views: 18377