"1-800-5-FRANCE" Did not dial that one.
Come to think of it.
Do you have Prince Albert in a Can?
Also Fidelity sure does have a lot of Commission FREE ETF.
https://etfdb.com/type/commission-free/fidelity/
Better than 40 Dollar Trades
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"1-800-5-FRANCE" Did not dial that one.
I have a bunch in this as well in my IRA's. So far it's tracked the "official" indexes very well. The only thing to watch out for was some short term cap gains last year, which is why I don't hold it in taxable.
I did not know that! Interesting, because I hold both. I have my wife in ITOT (1500 stocks only), an iShares product. Maybe I should compare its performance to FSKAX (over 3000), but if I switch, it could be ill-timed. Not that she would notice.
Yup I noticed that a while back. It's when I started thinking about building up a basket of stocks to complement the index funds. Now that they've hit the big time, I expect there will be more behind the scenes shenanigans that we'll be reading about one day in the Wall Street Journal.
vnatale wrote: ↑Tue Sep 10, 2019 7:53 pm I am about to become a level 4 Permanent Portfolio investor.
The book advises you to have all your investments in at least two brokerages.
Presently I have all my investments with Vanguard. Last Friday I opened an account with Fidelity in anticipation of it taking half of my present Vanguard investments.
How many brokerages are you using:
1
2
More than 2
And, could you please identify which ones you are using and why?
Thanks
Vinny
Saw this today:sophie wrote: ↑Tue Sep 17, 2019 7:58 am It's not all about the expense ratio. I think there's some behind the scenes activity that affects fund performance that isn't necessarily reflected in the ER. For example, FSKAX has consistently lagged VTSAX and also its benchmark index by more than the difference in ER.
...
https://www.bogleheads.org/forum/viewto ... st=4986257Can anyone tell me why is FSKAX 17% portfolio turnover as of 8/31/2019
1. Five months later have you been able to discern what could be the above "behind the scenes activity"?sophie wrote: ↑Tue Sep 17, 2019 7:58 am It's not all about the expense ratio. I think there's some behind the scenes activity that affects fund performance that isn't necessarily reflected in the ER. For example, FSKAX has consistently lagged VTSAX and also its benchmark index by more than the difference in ER.
Also news flash: Fidelity finally has a low-ER small cap value index fund!!!! FISVX. ER is 0.05, which beats Vanguard's 0.07 (and completely blows away IJS). It's too early to judge performance, for which see above.
In which case Vanguard's main advantage comes down to the Treasury-only money market. Fidelity can't match that one. The ER of its equivalent fund is 0.42%!!!
A few ways to interpret that...
Dualstow,dualstow wrote: ↑Thu Sep 12, 2019 9:12 am Two.
I only meant to have Vanguard, but they weren’t doing solo 401k’s when I set mine up, so I used Fidelity for that. I had a rough beginning with Fidelity, but then it smoothed out. Friendly service at their physical branches. There was one guy one year who took my annual contribution out of my hand, processed it and tossed the receipt to me without a word, but that was one guy.
Vanguard certainly has growing pains. I had good service over the phone and online for the most part.
+ I had some directly held shares of this and that from when I was a kid, and Vanguard made it easy to transfer those over.
+ I got out of a smaller brokerage that I should have never been in. That was also from when I was young and didn’t have control over my investments. Vanguard got that done with no problems.
- I was disappointed in the beneficiary thing detailed by mathjak above. My dad and I had a joint account from my childhood, and for me it had never mattered that his name was attached. One day, I noticed that my wife’s name was no longer mentioned as my beneficiary. Or, I may have learned it when mathjak mentioned it in the past.
Vanguard had never told me about it. I had to ask them. And, almost my entire savings was in this joint account. We had to jump through some hoops to get the account in my name only so i could restore my wife as the named beneficiary. Not the end of the world, but...they should have told me.
- A few other headaches. No one’s perfect.
I do like that Vanguard is like a co-op where every shareholder is kind of a co-owner. I think about that when I buy shares of a corporate bond fund with a purchase fee. Fidelity, as good as they are, are not like that. I remember asking them how much money I had to have in my account to get free trades like I do at Vanguard (US$2 if I run out of free trades each year). The answer: they don’t have different levels. Everyone has to pay for trading.
I like both firms and would not want to diversify any further. Even one firm would be enough for me, plus a checking account elsewhere.
You have stated the above numerous times in numerous Topics in this Forum.mathjak107 wrote: ↑Tue Sep 17, 2019 4:23 am i try not to hold much in equities in a taxable account ... as michael kitces points out , that special lower capital gains rate we think we are getting tends to evaporate over long periods of time with as little as a 2% dividend being distributed compared to having it in a tax advantaged account ..
with interest rates so low it is silly to keep bonds in a deferred account taking up valuable tax deferred compounding space . the bonds are taxed at regular rates anyway .
Probably #2.vnatale wrote: ↑Wed Apr 22, 2020 8:26 pmA few ways to interpret that...
1) You just happened to end up with Vanguard but you are quite happy with Vanguard and understandably would like to eliminate the smaller accounts with other brokerages.
2) You are quite aware of all the other brokerage possibilities, e.g., Fidelity and there is nothing regarding them that would entire you to switch. If I could offer you the possibility to just magically, immediately switch all or part of your Vanguard holdings to somewhere else you'd not do so.
Vinny