How many are switching from Fidelity?

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rascott
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Re: How many are switching from Fidelity?

Post by rascott » Mon Oct 07, 2019 7:55 pm

ncage wrote:
Sat Oct 05, 2019 8:39 pm
ARoseByAnyOtherName wrote:
Sat Oct 05, 2019 8:29 pm
Pow wrote:
Sat Oct 05, 2019 1:12 pm
I see multiple responses mention 2% cashback credit card. If you like that then you would love Bank of America’s 2.625% card. Need 100K+ in assets at Merrill to qualify for highest tier.
Can I get 2.625% at Bank of America without putting 100K in assets at Merrill?

I‘m not going to open an account at Merrill. What’s the cash back in that case? Is it greater than 2%?
Please someone post a link to this card. I'm assuming no annual fee? Is it 2.625% on everything?

Yes... if you have 100k+ in your accounts across BOA/ Merrill... it's 2.625% on everything.

https://www.bankofamerica.com/credit-ca ... dit-cards/

I actually have the preferred one with a $95 annual fee.... but they give you $100 in incidental airtime credits... so if you fly very much at all it comes out as free. Pls they give you a free TSA pre check or Global Entry. The preferred one also gave me a 50k point bonus.... vs 25k for the no annual fee one. We use it for everything.


If you don't travel.... the other ones may make sense. There are also cash back cards for specific categories that some people add.... and you can get even more on those.
Last edited by rascott on Mon Oct 07, 2019 7:59 pm, edited 1 time in total.

rascott
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Re: How many are switching from Fidelity?

Post by rascott » Mon Oct 07, 2019 7:58 pm

indexfundfan wrote:
Sun Oct 06, 2019 8:01 am
ncage wrote:
Sat Oct 05, 2019 8:39 pm
ARoseByAnyOtherName wrote:
Sat Oct 05, 2019 8:29 pm
Pow wrote:
Sat Oct 05, 2019 1:12 pm
I see multiple responses mention 2% cashback credit card. If you like that then you would love Bank of America’s 2.625% card. Need 100K+ in assets at Merrill to qualify for highest tier.
Can I get 2.625% at Bank of America without putting 100K in assets at Merrill?

I‘m not going to open an account at Merrill. What’s the cash back in that case? Is it greater than 2%?
Please someone post a link to this card. I'm assuming no annual fee? Is it 2.625% on everything?

The BofA Travel Rewards card has no annual fee and pays 2.625% on everything if you have $100k with BofA/Merrill. But the points are intended for travel expenses.

https://www.bankofamerica.com/credit-ca ... dit-cards/
You can get the cash deposited into a BOA/ Merrill account.... or take it as a statement credit. Doesn't need to be used for travel whatsoever

lassevirensghost
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Re: How many are switching from Fidelity?

Post by lassevirensghost » Tue Oct 08, 2019 7:54 am

Does Fidelity charge a commission fee for the sale of ETFs? I have Fidelity accounts and own some ETFs they charge me to buy but I haven't ever sold anything.
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indexfundfan
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Re: How many are switching from Fidelity?

Post by indexfundfan » Tue Oct 08, 2019 8:42 am

lassevirensghost wrote:
Tue Oct 08, 2019 7:54 am
Does Fidelity charge a commission fee for the sale of ETFs? I have Fidelity accounts and own some ETFs they charge me to buy but I haven't ever sold anything.
It depends on the ETF you want to sell. Fidelity did not follow the other brokers who have eliminated commission fees for ALL stocks and ETFs.
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frugaltigris
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Re: How many are switching from Fidelity?

Post by frugaltigris » Tue Oct 08, 2019 8:43 am

lassevirensghost wrote:
Tue Oct 08, 2019 7:54 am
Does Fidelity charge a commission fee for the sale of ETFs? I have Fidelity accounts and own some ETFs they charge me to buy but I haven't ever sold anything.
They have 500+ etfs for free trade (mostly Ishares). They don't charge fee for Ishares. There are many ETFs where they charge fee of $4.95 buying or selling.

lassevirensghost
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Re: How many are switching from Fidelity?

Post by lassevirensghost » Tue Oct 08, 2019 10:21 am

I should have been clearer. For non-Fidelity or iShares ETFs, is there a charge on both sides—buying and selling? That's all I wondered because I have only ever bought, not sold.
“Groucho, how do you invest your money?” | “All in bonds.” | “But Groucho, they don’t pay much return.” | “They do when you have a lot of em!”

core4portfolio
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Re: How many are switching from Fidelity?

Post by core4portfolio » Tue Oct 08, 2019 10:54 am

I would move from fidelity if we get any partial share option in any of the free trading plaform.
M1finance is not letting me to use as they want only Green card holder or US Citizens only :(

I have vanguard as well as fidelity
I also felt customer support is excellent in fidelity. If i do trade like i did in the past then i simply call them as ask for some free trades
They will give me 10 free trades like that. However I stopped doing trade.
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sperry8
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Re: How many are switching from Fidelity?

Post by sperry8 » Tue Oct 08, 2019 1:03 pm

hmw wrote:
Sun Oct 06, 2019 10:12 am
student wrote:
Sun Oct 06, 2019 8:25 am
sperry8 wrote:
Sat Oct 05, 2019 4:41 pm
DrCheese wrote:
Sat Oct 05, 2019 4:34 pm
sperry8 wrote:
Sat Oct 05, 2019 3:51 pm


I would switch, but not just because. It would take a promo to get me to do so. I've heard some others claim they got offered a promo from Schwab to move funds to them. If they offered this to me (they have never offered me a promo) I'd switch. Otherwise staying where I am for now.
Schwab is offering you a promo: https://www.schwab.com/public/schwab/nn ... eward.html

Bonus tiers:

$200 bonus for $50,000–$99,999 deposit
$300 bonus for $100,000–$249,999 deposit
$600 bonus for $250,000–$499,999 deposit
$1,200 bonus for $500,000–$999,999 deposit
$2,500 bonus for $1,000,000+ deposit
Thanks! If Schwab counts in-kind fund transfers, then I'll be switching asap.
I don't see why not. From my limited experience, it does. If you find out, please let us know.
Has anyone gotten a retention bonus from Fidelity for not moving money to Schwab? I am tempted for get free money from Schwab.
Just an fyi - in-kind transfers are accepted for the Schwab promo (I spoke with them today and confirmed). I just initiated my transfers and in 45 days will receive $2,500 cash for monies at Schwab (which were at Fidelity & VG prior). Will be interesting to see Fido's response to assets leaving. But to me - I'm indifferent between Fidelity and Schwab (I like both companies) and so $2,500 (taxed or not) makes the swap a go for me. Most assets remain at Vanguard but now Schwab moves up to secondary firm (over Fidelity which now solely retains HSA assets).

Now I gotta figure out what to do with the $2,500 cash. Trip to the Caribbean this winter perhaps :sharebeer
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Cash
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Re: How many are switching from Fidelity?

Post by Cash » Tue Oct 08, 2019 2:20 pm

lassevirensghost wrote:
Tue Oct 08, 2019 10:21 am
I should have been clearer. For non-Fidelity or iShares ETFs, is there a charge on both sides—buying and selling? That's all I wondered because I have only ever bought, not sold.
Yes

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indexfundfan
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Re: How many are switching from Fidelity?

Post by indexfundfan » Tue Oct 08, 2019 2:24 pm

sperry8 wrote:
Tue Oct 08, 2019 1:03 pm
Just an fyi - in-kind transfers are accepted for the Schwab promo (I spoke with them today and confirmed). I just initiated my transfers and in 45 days will receive $2,500 cash for monies at Schwab (which were at Fidelity & VG prior). Will be interesting to see Fido's response to assets leaving. But to me - I'm indifferent between Fidelity and Schwab (I like both companies) and so $2,500 (taxed or not) makes the swap a go for me. Most assets remain at Vanguard but now Schwab moves up to secondary firm (over Fidelity which now solely retains HSA assets).

Now I gotta figure out what to do with the $2,500 cash. Trip to the Caribbean this winter perhaps :sharebeer
That's a nice bonus. I believe Schwab pays the bonus upfront, rather than at the end of the holding period, which is nice.
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hmw
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Re: How many are switching from Fidelity?

Post by hmw » Wed Oct 09, 2019 4:02 pm

sperry8 wrote:
Tue Oct 08, 2019 1:03 pm
hmw wrote:
Sun Oct 06, 2019 10:12 am
student wrote:
Sun Oct 06, 2019 8:25 am
sperry8 wrote:
Sat Oct 05, 2019 4:41 pm
DrCheese wrote:
Sat Oct 05, 2019 4:34 pm


Schwab is offering you a promo: https://www.schwab.com/public/schwab/nn ... eward.html

Bonus tiers:

$200 bonus for $50,000–$99,999 deposit
$300 bonus for $100,000–$249,999 deposit
$600 bonus for $250,000–$499,999 deposit
$1,200 bonus for $500,000–$999,999 deposit
$2,500 bonus for $1,000,000+ deposit
Thanks! If Schwab counts in-kind fund transfers, then I'll be switching asap.
I don't see why not. From my limited experience, it does. If you find out, please let us know.
Has anyone gotten a retention bonus from Fidelity for not moving money to Schwab? I am tempted for get free money from Schwab.
Just an fyi - in-kind transfers are accepted for the Schwab promo (I spoke with them today and confirmed). I just initiated my transfers and in 45 days will receive $2,500 cash for monies at Schwab (which were at Fidelity & VG prior). Will be interesting to see Fido's response to assets leaving. But to me - I'm indifferent between Fidelity and Schwab (I like both companies) and so $2,500 (taxed or not) makes the swap a go for me. Most assets remain at Vanguard but now Schwab moves up to secondary firm (over Fidelity which now solely retains HSA assets).

Now I gotta figure out what to do with the $2,500 cash. Trip to the Caribbean this winter perhaps :sharebeer
I called Fidelity today asking if they would give me a retention bonus to match the bonus offer by Schwab. The answer is no. They were offering me 75 free trades over 2 years which has little value for me. So I opened a Schwab account this pm for a $1200 bonus.

BernardShakey
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Re: How many are switching from Fidelity?

Post by BernardShakey » Wed Oct 09, 2019 5:41 pm

I really like Fidelity's website and simplicity for transactions. I have my wife's rollover IRA, a 529, and one kid's Roth there and when I retire will put my 401k and HSA with them too. Love the 2% cash back credit card with no annual cap that dumps right into the 529 each month/quarter. I think Fidelity has figured out how to keep things simple and provide good customer service. Work for me... :D

rebellovw
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Re: How many are switching from Fidelity?

Post by rebellovw » Wed Oct 09, 2019 5:43 pm

Why the heck would I leave fidelity? Very happy with them.

Cash
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Re: How many are switching from Fidelity?

Post by Cash » Wed Oct 09, 2019 8:32 pm

I just chatted and got 15 free trades. That’s enough to allow me to see how this saga unfolds over the next several months.

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jpsfranks
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Re: How many are switching from Fidelity?

Post by jpsfranks » Wed Oct 09, 2019 11:16 pm

Fidelity follows suit and eliminates trading commissions.

https://www.wsj.com/articles/fidelity-i ... 1570680060

I don't really see any announcement on Fidelity's site about it but if I queue up a market order for tomorrow I see a $0 estimated commission.

edge
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Re: How many are switching from Fidelity?

Post by edge » Wed Oct 09, 2019 11:18 pm

No intention to move

tigerdoc93
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Re: How many are switching from Fidelity?

Post by tigerdoc93 » Wed Oct 09, 2019 11:46 pm

Awesome news about fidelity eliminating trading commissions!

stlutz
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Re: How many are switching from Fidelity?

Post by stlutz » Thu Oct 10, 2019 12:17 am

The other nice thing about Fidelity is the lack of nuisance fees.

ClaycordJCA
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Re: How many are switching from Fidelity?

Post by ClaycordJCA » Thu Oct 10, 2019 12:18 am

tigerdoc93 wrote:
Wed Oct 09, 2019 11:46 pm
Awesome news about fidelity eliminating trading commissions!
+1.

stlutz
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Re: How many are switching from Fidelity?

Post by stlutz » Thu Oct 10, 2019 12:22 am

So do we have to start a thread now for people switching back to Fidelity? :wink:

RoAG
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Re: How many are switching from Fidelity?

Post by RoAG » Thu Oct 10, 2019 1:13 am

Sweet, been waiting for this. I previewed trades on my fidelity hsa account as well and there is no commision fee. Been waiting to clean up my hsa, time to get at it.

Cash
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Re: How many are switching from Fidelity?

Post by Cash » Thu Oct 10, 2019 5:04 am

jpsfranks wrote:
Wed Oct 09, 2019 11:16 pm
Fidelity follows suit and eliminates trading commissions.

https://www.wsj.com/articles/fidelity-i ... 1570680060

I don't really see any announcement on Fidelity's site about it but if I queue up a market order for tomorrow I see a $0 estimated commission.
Nice!!

UpperNwGuy
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Re: How many are switching from Fidelity?

Post by UpperNwGuy » Thu Oct 10, 2019 5:34 am

I guess this thread has run its course.

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indexfundfan
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Re: How many are switching from Fidelity?

Post by indexfundfan » Thu Oct 10, 2019 5:45 am

UpperNwGuy wrote:
Thu Oct 10, 2019 5:34 am
I guess this thread has run its course.
New question -- who is moving back? LOL.
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2cents2
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Re: How many are switching from Fidelity?

Post by 2cents2 » Thu Oct 10, 2019 7:15 am

I just noticed this this morning:
https://www.fidelity.com/why-fidelity/pricing-fees

I don't know how long this has been on the web site :oops:

student
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Re: How many are switching from Fidelity?

Post by student » Thu Oct 10, 2019 7:35 am

indexfundfan wrote:
Thu Oct 10, 2019 5:45 am
UpperNwGuy wrote:
Thu Oct 10, 2019 5:34 am
I guess this thread has run its course.
New question -- who is moving back? LOL.
Hahaha.

Spirit Rider
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Re: How many are switching from Fidelity?

Post by Spirit Rider » Thu Oct 10, 2019 9:45 am

This is now officially the most hilarious thread ever to occur on this forum. What does it say about people who couldn't even wait a week to see what Fidelity was going to do. I think it says that this forum is no longer just a Bogleheads forum for passive low cost buy and hold investors. Jack must be rolling over in his grave

As indicated by not only this thread and the other $0 commission threads. It has also been the trend of daily threads and posts over the last two to three years. This forum is apparently increasingly populated by active traders and speculators. Sometimes I think I am in a Reddit forum rather than a Bogleheads forum.

stlutz
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Re: How many are switching from Fidelity?

Post by stlutz » Thu Oct 10, 2019 10:25 am

Spirit Rider wrote:
Thu Oct 10, 2019 9:45 am
This is now officially the most hilarious thread ever to occur on this forum. What does it say about people who couldn't even wait a week to see what Fidelity was going to do. I think it says that this forum is no longer just a Bogleheads forum for passive low cost buy and hold investors. Jack must be rolling over in his grave

As indicated by not only this thread and the other $0 commission threads. It has also been the trend of daily threads and posts over the last two to three years. This forum is apparently increasingly populated by active traders and speculators. Sometimes I think I am in a Reddit forum rather than a Bogleheads forum.
Nah. People just like to be cheap. How often do we see threads, "Fund X has an ER of .000004% and equivalent fund Y has an ER of .000003%. Should I switch?"

Whakamole
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Re: How many are switching from Fidelity?

Post by Whakamole » Thu Oct 10, 2019 10:31 am

Spirit Rider wrote:
Thu Oct 10, 2019 9:45 am
This is now officially the most hilarious thread ever to occur on this forum. What does it say about people who couldn't even wait a week to see what Fidelity was going to do. I think it says that this forum is no longer just a Bogleheads forum for passive low cost buy and hold investors. Jack must be rolling over in his grave

As indicated by not only this thread and the other $0 commission threads. It has also been the trend of daily threads and posts over the last two to three years. This forum is apparently increasingly populated by active traders and speculators. Sometimes I think I am in a Reddit forum rather than a Bogleheads forum.
But think of all the ETFs and stocks that I can trade (but won't because I'm a Boglehead.)

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Leif
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Re: How many are switching from Fidelity?

Post by Leif » Thu Oct 10, 2019 11:19 am

stlutz wrote:
Thu Oct 10, 2019 12:17 am
The other nice thing about Fidelity is the lack of nuisance fees.
Did they do away with their $50 IRA closing/transfer fee? They nailed me on that one a number of years ago.
Last edited by Leif on Thu Oct 10, 2019 11:24 am, edited 1 time in total.

mervinj7
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Re: How many are switching from Fidelity?

Post by mervinj7 » Thu Oct 10, 2019 11:23 am

Leif wrote:
Thu Oct 10, 2019 11:19 am
stlutz wrote:
Thu Oct 10, 2019 12:17 am
The other nice thing about Fidelity is the lack of nuisance fees.
Did they do away with their $50 IRA closing/transfer fee?
Yes, but that was true before this announcement as well. At least, since Aug 2018 as far as I can tell from previous threads.

viewtopic.php?t=255571

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Leif
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Re: How many are switching from Fidelity?

Post by Leif » Thu Oct 10, 2019 11:26 am

mervinj7 wrote:
Thu Oct 10, 2019 11:23 am
Leif wrote:
Thu Oct 10, 2019 11:19 am
stlutz wrote:
Thu Oct 10, 2019 12:17 am
The other nice thing about Fidelity is the lack of nuisance fees.
Did they do away with their $50 IRA closing/transfer fee?
Yes, but that was true before this announcement as well. At least, since Aug 2018 as far as I can tell from previous threads.

viewtopic.php?t=255571
That's nice. Only the $75 out of network fee left to address. Most of my business is with Fidelity. If they lose that fee they will get more.

Silence Dogood
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Re: How many are switching from Fidelity?

Post by Silence Dogood » Thu Oct 10, 2019 11:34 am

Spirit Rider wrote:
Thu Oct 10, 2019 9:45 am
This is now officially the most hilarious thread ever to occur on this forum. What does it say about people who couldn't even wait a week to see what Fidelity was going to do. I think it says that this forum is no longer just a Bogleheads forum for passive low cost buy and hold investors. Jack must be rolling over in his grave

As indicated by not only this thread and the other $0 commission threads. It has also been the trend of daily threads and posts over the last two to three years. This forum is apparently increasingly populated by active traders and speculators. Sometimes I think I am in a Reddit forum rather than a Bogleheads forum.
To be fair, I think most of us just rolled our eyes and ignored this thread.

I don't even have an account with Fidelity and I thought this thread was ridiculous.

HomeStretch
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Re: How many are switching from Fidelity?

Post by HomeStretch » Thu Oct 10, 2019 11:35 am

I have switched some accounts to Fidelity and would not move from them except for my Solo 401k which I am going to move next year to another provider for a Roth option. Really wish Fidelity would add a Roth option as otherwise I like their Solo 401k. If Fidelity added a Treasury only money market with the same rate as Vanguard I would move more $ into my CMA.

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Leif
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Re: How many are switching from Fidelity?

Post by Leif » Thu Oct 10, 2019 11:38 am

Leif wrote:
Thu Oct 10, 2019 11:26 am
That's nice. Only the $75 out of network fee left to address. Most of my business is with Fidelity. If they lose that fee they will get more.
Just noticed the fee is now $50. Moving in the right direction at least. However, I don't recall a $50 fee for selling NTF non-Fidelity funds within 90 days. Perhaps that was there before.

Commissions, Margin Rates, and Fees

PS - They almost got me. Note number 4 says:

"4. Certain funds will have a transaction fee of $75. To identify any applicable transaction fees associated with the purchase of a given fund, please refer to the "Fees and Distributions" tab on the individual fund page on Fidelity.com"

Check VFIAX (Vanguard 500 Index Fund Admiral), under the "Fees and Distributions" tab, the purchase fee is $75. So, no improvement.
Last edited by Leif on Thu Oct 10, 2019 12:51 pm, edited 4 times in total.

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ruralavalon
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Re: How many are switching from Fidelity?

Post by ruralavalon » Thu Oct 10, 2019 11:40 am

stlutz wrote:
Thu Oct 10, 2019 10:25 am
Spirit Rider wrote:
Thu Oct 10, 2019 9:45 am
This is now officially the most hilarious thread ever to occur on this forum. What does it say about people who couldn't even wait a week to see what Fidelity was going to do. I think it says that this forum is no longer just a Bogleheads forum for passive low cost buy and hold investors. Jack must be rolling over in his grave

As indicated by not only this thread and the other $0 commission threads. It has also been the trend of daily threads and posts over the last two to three years. This forum is apparently increasingly populated by active traders and speculators. Sometimes I think I am in a Reddit forum rather than a Bogleheads forum.
Nah. People just like to be cheap. How often do we see threads, "Fund X has an ER of .000004% and equivalent fund Y has an ER of .000003%. Should I switch?"
This is all far beyond "cheap", closer to the borders of obsessive :shock: .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

Cash
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Re: How many are switching from Fidelity?

Post by Cash » Thu Oct 10, 2019 2:39 pm

ruralavalon wrote:
Thu Oct 10, 2019 11:40 am
stlutz wrote:
Thu Oct 10, 2019 10:25 am
Spirit Rider wrote:
Thu Oct 10, 2019 9:45 am
This is now officially the most hilarious thread ever to occur on this forum. What does it say about people who couldn't even wait a week to see what Fidelity was going to do. I think it says that this forum is no longer just a Bogleheads forum for passive low cost buy and hold investors. Jack must be rolling over in his grave

As indicated by not only this thread and the other $0 commission threads. It has also been the trend of daily threads and posts over the last two to three years. This forum is apparently increasingly populated by active traders and speculators. Sometimes I think I am in a Reddit forum rather than a Bogleheads forum.
Nah. People just like to be cheap. How often do we see threads, "Fund X has an ER of .000004% and equivalent fund Y has an ER of .000003%. Should I switch?"
This is all far beyond "cheap", closer to the borders of obsessive :shock: .
Meh maximizing behavior drives most of the traffic on this forum.
The experts have told us that savings rate and time in the market matter most. So then why do we split hairs over domestic/international, tilting, tax efficiency, minuscule ERs, etc.? Because we like to maximize. That includes trading fees when most brokerages are more or less the same and some are offering free trades.

anon_investor
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Re: How many are switching from Fidelity?

Post by anon_investor » Thu Oct 10, 2019 2:43 pm

student wrote:
Thu Oct 10, 2019 7:35 am
indexfundfan wrote:
Thu Oct 10, 2019 5:45 am
UpperNwGuy wrote:
Thu Oct 10, 2019 5:34 am
I guess this thread has run its course.
New question -- who is moving back? LOL.
Hahaha.
Waiting for Vanguard's next shot across the bow, since they started all this craziness dropping commissions on most ETFs...

Strayshot
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Re: How many are switching from Fidelity?

Post by Strayshot » Thu Oct 10, 2019 8:46 pm

Strayshot wrote:
Sat Oct 05, 2019 9:17 am
That said, they will be forced to go to no-fee trades eventually. Fidelity can pretend they won’t, but the marketing perception alone will make them. Why would they have started the 0 funds? The difference between .05 and 0 is negligible for expense ratio and still they started those funds vs the current offering. Trades will be the same way, just give it a year as they watch their volume drop. If they lose volume they won’t have access to the price improvement they claim adds value and justifies the fee. Meanwhile the other guys will see trade volume grow as they steal customers.

It is so easy to move brokerage houses anymore that someone could easily keep tax advantaged accounts at Fidelity and move all of their taxable trading to somewhere else. I think it will hurt Fidelity in the long run by not acting quickly on this, but since they aren’t publicly traded and I don’t own the company I really don’t care :sharebeer
Wow Strayshot, you were spot on with your comment! Looks like Fidelity acted quickly and “eventually” was only days after you posted this.

Now look into your crystal ball and tell me where AAPL and TSLA will be at in 3 months, how long it will take to “win” the trade war with China, and when small caps will recover :sharebeer

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sperry8
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Re: How many are switching from Fidelity?

Post by sperry8 » Fri Oct 11, 2019 9:00 am

hmw wrote:
Wed Oct 09, 2019 4:02 pm
sperry8 wrote:
Tue Oct 08, 2019 1:03 pm
hmw wrote:
Sun Oct 06, 2019 10:12 am
student wrote:
Sun Oct 06, 2019 8:25 am
sperry8 wrote:
Sat Oct 05, 2019 4:41 pm


Thanks! If Schwab counts in-kind fund transfers, then I'll be switching asap.
I don't see why not. From my limited experience, it does. If you find out, please let us know.
Has anyone gotten a retention bonus from Fidelity for not moving money to Schwab? I am tempted for get free money from Schwab.
Just an fyi - in-kind transfers are accepted for the Schwab promo (I spoke with them today and confirmed). I just initiated my transfers and in 45 days will receive $2,500 cash for monies at Schwab (which were at Fidelity & VG prior). Will be interesting to see Fido's response to assets leaving. But to me - I'm indifferent between Fidelity and Schwab (I like both companies) and so $2,500 (taxed or not) makes the swap a go for me. Most assets remain at Vanguard but now Schwab moves up to secondary firm (over Fidelity which now solely retains HSA assets).

Now I gotta figure out what to do with the $2,500 cash. Trip to the Caribbean this winter perhaps :sharebeer
I called Fidelity today asking if they would give me a retention bonus to match the bonus offer by Schwab. The answer is no. They were offering me 75 free trades over 2 years which has little value for me. So I opened a Schwab account this pm for a $1200 bonus.
Congrats, free money :moneybag
rebellovw wrote:
Wed Oct 09, 2019 5:43 pm
Why the heck would I leave fidelity? Very happy with them.
Because Schwab is giving you free money to transfer your assets. And assuming you're a buy & hold investor Schwab is just as good as Fido.
stlutz wrote:
Thu Oct 10, 2019 12:22 am
So do we have to start a thread now for people switching back to Fidelity? :wink:
When they offer transfer bonuses like Schwab does... I'll personally start that thread.
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ruralavalon
Posts: 16716
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Re: How many are switching from Fidelity?

Post by ruralavalon » Fri Oct 11, 2019 10:53 am

anon_investor wrote:
Thu Oct 10, 2019 2:43 pm
student wrote:
Thu Oct 10, 2019 7:35 am
indexfundfan wrote:
Thu Oct 10, 2019 5:45 am
UpperNwGuy wrote:
Thu Oct 10, 2019 5:34 am
I guess this thread has run its course.
New question -- who is moving back? LOL.
Hahaha.
Waiting for Vanguard's next shot across the bow, since they started all this craziness dropping commissions on most ETFs...

You are right. It was Vanguard, not Schwab, which started the no fee ETF war.

Kiplinger (07/02/2018), "Vanguard to Ditch Commissions on Most ETFs". In addition to its own ETFs Vanguard offers roughly 1800 commission free ETFs of other firms including those of Schwab, State Street (SPDR) and BlackRock (iShares).
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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