IAU is now commission-free at Fidelity

Discussion of the Gold portion of the Permanent Portfolio

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foglifter
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IAU is now commission-free at Fidelity

Post by foglifter » Mon Aug 06, 2018 7:31 pm

Fidelity's recent big move included an icing on the cake that hasn't gotten the same level of publicity as their new zero-fee funds - the dramatic expansion of the list of commission-free ETFs. They bumped it up to 240 from 70.

And here's the good news for PP investors: IAU is on the list. :D
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
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ochotona
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Re: IAU is now commission-free at Fidelity

Post by ochotona » Mon Aug 06, 2018 8:15 pm

Wow I joined Fidelity just in time
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Tyler
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Re: IAU is now commission-free at Fidelity

Post by Tyler » Mon Aug 06, 2018 10:46 pm

Nice! I've always wished IAU was on the list, and they fixed it just in time to top off my portfolio. :D
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dualstow
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Re: IAU is now commission-free at Fidelity

Post by dualstow » Tue Aug 07, 2018 1:25 pm

Excellent, thank you!
RIP Marcello Gandini
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buddtholomew
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Re: IAU is now commission-free at Fidelity

Post by buddtholomew » Tue Aug 07, 2018 3:03 pm

Tyler wrote:
Mon Aug 06, 2018 10:46 pm
Nice! I've always wished IAU was on the list, and they fixed it just in time to top off my portfolio. :D
Top off you say?
If you don’t mind, exchanging from SCV to IAU or contributing from cash?
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KevinW
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Re: IAU is now commission-free at Fidelity

Post by KevinW » Tue Aug 07, 2018 3:08 pm

Wow, between this, FZROX, and the T-bill auto-roll feature, Fidelity is looking like a great broker for PP investors.
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Tyler
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Re: IAU is now commission-free at Fidelity

Post by Tyler » Tue Aug 07, 2018 4:35 pm

buddtholomew wrote:
Tue Aug 07, 2018 3:03 pm
Top off you say?
If you don’t mind, exchanging from SCV to IAU or contributing from cash?
Just sold my home and had a nice new chunk of change to invest. O0
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buddtholomew
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Re: IAU is now commission-free at Fidelity

Post by buddtholomew » Tue Aug 07, 2018 5:31 pm

Tyler wrote:
Tue Aug 07, 2018 4:35 pm
buddtholomew wrote:
Tue Aug 07, 2018 3:03 pm
Top off you say?
If you don’t mind, exchanging from SCV to IAU or contributing from cash?
Just sold my home and had a nice new chunk of change to invest. O0
Congrats!
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Re: IAU is now commission-free at Fidelity

Post by Pet Hog » Tue Aug 07, 2018 9:36 pm

KevinW wrote:
Tue Aug 07, 2018 3:08 pm
Wow, between this, FZROX, and the T-bill auto-roll feature, Fidelity is looking like a great broker for PP investors.
FZROX? I'll say!
https://youtu.be/-Jh6wnmRbvQ
(Sorry, couldn't resist. Commission-free IAU is fantastic news!)
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Re: IAU is now commission-free at Fidelity

Post by Kbg » Wed Aug 08, 2018 1:06 pm

A very long thread has opened up on Bogleheads...lots of slicing and dicing the new Fido funds
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Re: IAU is now commission-free at Fidelity

Post by dualstow » Wed Aug 08, 2018 2:48 pm

Of course not, D. He obviously moved in with a hot babe who was excited about Portfolio Charts!
RIP Marcello Gandini
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Tyler
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Re: IAU is now commission-free at Fidelity

Post by Tyler » Wed Aug 08, 2018 4:41 pm

dualstow wrote:
Wed Aug 08, 2018 2:48 pm
Of course not, D. He obviously moved in with a hot babe who was excited about Portfolio Charts!
Luckily I've been married to her for a while. ;)

No van. Just a pretty sweet apartment with zero maintenance and a downtown view.
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Tyler
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Re: IAU is now commission-free at Fidelity

Post by Tyler » Wed Aug 08, 2018 9:09 pm

MangoMan wrote:
Wed Aug 08, 2018 6:52 pm
Just curious,
did you make this move because you think real estate is overvalued/peaked, and are planning to get back in after the next melt down? Or did you just no longer want to deal with the inevitable headaches of home ownership?
None of the above. Although I admit that not having any yardwork when it's 100 degrees out is kinda nice.

Long story short, we decided that our home in the suburbs was a nice retreat when we were working full time but is a little too sleepy now that we're FI and have more time and energy to get out more. So we sold it and rented a cool place downtown within walking distance to pretty much everything. Life is good.
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Tyler
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Re: IAU is now commission-free at Fidelity

Post by Tyler » Thu Aug 09, 2018 9:47 am

Desert wrote:
Thu Aug 09, 2018 9:02 am
Sounds like a great choice! Now you just have to be careful not to spend too much of your GB on all the good food and beverages available.
The beauty of the GB (or PP) is the consistency of the income to fund the things you care about most. Fortunately beer & BBQ are relatively cheap vices in the grand scheme of things. :)
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Re: IAU is now commission-free at Fidelity

Post by dualstow » Mon Jan 28, 2019 11:29 am

{old thread}

Gold is up plenty today, but IAU is only up 0.28%? :'(
RIP Marcello Gandini
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buddtholomew
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Re: IAU is now commission-free at Fidelity

Post by buddtholomew » Mon Jan 28, 2019 4:08 pm

dualstow wrote:
Mon Jan 28, 2019 11:29 am
{old thread}

Gold is up plenty today, but IAU is only up 0.28%? :'(
DS, what CNBC report can be and most often is different from the daily NAV change in IAU. Reason is CNBC quotes the comex close (I think around 11:30 PT) and ETFs trade until market close. So...if we saw a large move in gold between 11:30 and 1PM CNBC would reflect that gain in their price the next morning.
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Re: IAU is now commission-free at Fidelity

Post by dualstow » Mon Jan 28, 2019 4:28 pm

Ah, right. Thank you.
I need a refresher from time to time. :-)
RIP Marcello Gandini
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