Discussion of the Stock portion of the Permanent Portfolio
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thisisallen
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by thisisallen » Sun Oct 13, 2019 10:40 am
ochotona wrote: ↑Sun Oct 13, 2019 5:30 am
thisisallen wrote: ↑Sat Oct 12, 2019 10:34 pm
Fidelity will reimburse the fee that another brokerage may charge you to transfer funds to Fidelity. Just need to show Fidelity your statement from the other company confirming the fee/charge.
Where do present the statement? Online or at a branch?
Definitely online. Don’t know about the branch.
https://click.fidelityinvestments.com/? ... 9b3036dd62
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ochotona
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by ochotona » Sun Oct 13, 2019 4:15 pm
Will get cookies at branch
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ochotona
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by ochotona » Sun Oct 13, 2019 8:51 pm
Approved for Fidelity Visa card. Had to temporarily unfreeze my credit reports.
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InsuranceGuy
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by InsuranceGuy » Sun Oct 13, 2019 11:36 pm
ochotona wrote: ↑Sun Oct 13, 2019 8:51 pm
Approved for Fidelity Visa card. Had to temporarily unfreeze my credit reports.
It's a pretty decent 2% cash back card but there is a 1% foreign transaction fee when traveling, 1% is better than the more common 3% fee but not ideal.
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ochotona
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by ochotona » Mon Oct 14, 2019 3:12 am
I have a couple no foreign currency fee cards. Costco Visa and Capital One Venture.
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pugchief
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by pugchief » Mon Oct 14, 2019 7:52 am
ochotona wrote: ↑Mon Oct 14, 2019 3:12 am
I have a couple no foreign currency fee cards. Costco Visa and Capital One Venture.
Your Schwab ATM card also has no FTF.
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sophie
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by sophie » Mon Oct 14, 2019 8:24 am
There's no card that does everything unfortunately...
My foreign travel card of choice is Capital One Visa - no fees, decent currency exchange rates, and 1.5% cash back. Be sure to always pay in local currency, because the deals you get for currency conversion at the cash register are typically poor.
Citi Double Cash is another 2% cash back card worth considering.
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ochotona
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by ochotona » Mon Oct 14, 2019 9:52 am
pugchief wrote: ↑Mon Oct 14, 2019 7:52 am
ochotona wrote: ↑Mon Oct 14, 2019 3:12 am
I have a couple no foreign currency fee cards. Costco Visa and Capital One Venture.
Your Schwab ATM card also has no FTF.
My EDC will be Schwab debit for ATM, Fidelity Visa in the US, Capital One Visa or Costco Visa overseas... and Amex when I rent cars, they have a great flat-fee optional auto rental comp/collision policy, if you crack up a rental car, you walk away without dinging your regular insurance.
It's primary, so your insurer need never know about it. It's not liability insurance, though, so if you have an at-fault accident, they'll know about it.
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ochotona
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by ochotona » Sun Oct 20, 2019 1:05 pm
Oh... I need to swap my IAU for AAAU. 7 basis point difference in fees. $20 difference annually for me in my Fidelity HSA. This new no-fee world is going to allow everyone to migrate to the best-of-breed ETFs.
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Xan
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by Xan » Sun Oct 20, 2019 2:21 pm
ochotona wrote: ↑Sun Oct 20, 2019 1:05 pm
Oh... I need to swap my IAU for AAAU. 7 basis point difference in fees. $20 difference annually for me in my Fidelity HSA. This new no-fee world is going to allow everyone to migrate to the best-of-breed ETFs.
Are they different enough to avoid a wash sale?
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ochotona
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by ochotona » Sun Oct 20, 2019 2:57 pm
Xan wrote: ↑Sun Oct 20, 2019 2:21 pm
ochotona wrote: ↑Sun Oct 20, 2019 1:05 pm
Oh... I need to swap my IAU for AAAU. 7 basis point difference in fees. $20 difference annually for me in my Fidelity HSA. This new no-fee world is going to allow everyone to migrate to the best-of-breed ETFs.
Are they different enough to avoid a wash sale?
I'm not claiming a tax loss.
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pugchief
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by pugchief » Sun Oct 20, 2019 9:58 pm
ochotona wrote: ↑Sun Oct 20, 2019 1:05 pm
Oh... I need to swap my IAU for AAAU. 7 basis point difference in fees. $20 difference annually for me in my Fidelity HSA. This new no-fee world is going to allow everyone to migrate to the best-of-breed ETFs.
Do you think AAAU is better than GDLM which has the same expense ratio? If so, why?
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ochotona
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by ochotona » Sun Oct 20, 2019 10:19 pm
I don't have an opinion about AAAU v GLDM.
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ochotona
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by ochotona » Mon Oct 21, 2019 8:45 am
Devil in the Details... Fidelity won't let me create simultaneous MOC sell and buy orders, unless I have cash available to trade to cover the buy order. Oh my. This is a snag. I can do that at Schwab. I don't think I can migrate over to Fidelity with my large account. It's a show stopper.
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ochotona
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by ochotona » Mon Oct 21, 2019 11:17 am
ochotona wrote: ↑Mon Oct 21, 2019 8:45 am
Devil in the Details... Fidelity won't let me create simultaneous MOC sell and buy orders, unless I have cash available to trade to cover the buy order. Oh my. This is a snag. I can do that at Schwab. I don't think I can migrate over to Fidelity with my large account. It's a show stopper.
Oh well I still am going to use the FIDELITY VISA card.
Last edited by
ochotona on Mon Oct 21, 2019 2:45 pm, edited 1 time in total.
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InsuranceGuy
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by InsuranceGuy » Mon Oct 21, 2019 11:33 am
Are MOC that big of a deal? I could see if you bought stocks and you wanted to buy or sell at close in anticipation of an earnings move, but if you are trading ETFs why not just sell 30 minutes before close and then buy your new shared fast following?
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pugchief
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by pugchief » Mon Oct 21, 2019 1:36 pm
ochotona wrote: ↑Mon Oct 21, 2019 8:45 am
Devil in the Details... Fidelity won't let me create simultaneous MOC sell and buy orders, unless I have cash available to trade to cover the buy order. Oh my. This is a snag. I can do that at Schwab. I don't think I can migrate over to Fidelity with my large account. It's a show stopper.
You can do that if you have a margin account, but not a cash account.
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dualstow
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by dualstow » Mon Oct 21, 2019 1:50 pm
ochotona wrote: ↑Mon Oct 21, 2019 11:17 am
ochotona wrote: ↑Mon Oct 21, 2019 8:45 am
Devil in the Details... Fidelity won't let me create simultaneous MOC sell and buy orders, unless I have cash available to trade to cover the buy order. Oh my. This is a snag. I can do that at Schwab. I don't think I can migrate over to Fidelity with my large account. It's a show stopper.
Oh well I still am going to use the Vanguard VISA card.
Vanguard has a Visa?
https://www.city-journal.org/journalism-advocacy-over-reporting
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ochotona
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by ochotona » Mon Oct 21, 2019 2:56 pm
InsuranceGuy wrote: ↑Mon Oct 21, 2019 11:33 am
Are MOC that big of a deal? I could see if you bought stocks and you wanted to buy or sell at close in anticipation of an earnings move, but if you are trading ETFs why not just sell 30 minutes before close and then buy your new shared fast following?
I just don't want to be exposed to that whole "selling the customer's order flow" thing. That's just sleazy and creepy.
Very interesting, the Schwab rep just told me my IRA is NOT set up for margin trading, but I have placed a simultaneous MOC sell and buy order at Schwab, that was something definitely Fidelity could not do. With Fidelity, I'd have to wait until the next day to do the second leg of the trade. (bzzzzt) No good at all for the way I want to trade. When I get a momentum signal to move a large part of the portfolio, I want to do it in one go, get the exact closing price, not have my large order sold, not be exposed to bid-ask spread.
Sorry, FIDELITY Visa card.
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dualstow
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by dualstow » Mon Oct 21, 2019 3:39 pm
Ah. I have that card. Had it since it was an Amex. Not bad, that 2%.
https://www.city-journal.org/journalism-advocacy-over-reporting
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InsuranceGuy
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by InsuranceGuy » Mon Oct 21, 2019 3:59 pm
ochotona wrote: ↑Mon Oct 21, 2019 2:56 pm
When I get a momentum signal to move a large part of the portfolio, I want to do it in one go, get the exact closing price, not have my large order sold, not be exposed to bid-ask spread.
Isn't the bid-ask spread essentially 0 for all of the large funds you'd be doing momentum on? S&P 500 as IVV,VOO,SPY,etc and International as EFA,VEA,etc have such high volume is there any bid-ask spread? Even TLT has average volume of 12m+. The only fund I ever even think about bid-ask is REITs (VNQ) and that still has 4m+ in volume.
Plus, Fidelity doesn't sell your flow. I have received favorable market orders in nearly all cases that I can see, though I guess that could change at some point. To each their own, it seems very niche I guess is all I'm saying. Most people don't even know that at-the-close orders exist.
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ochotona
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by ochotona » Mon Oct 21, 2019 5:16 pm
I am known to obsess over small details.
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InsuranceGuy
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by InsuranceGuy » Mon Oct 21, 2019 5:17 pm
ochotona wrote: ↑Mon Oct 21, 2019 5:16 pm
I am known to obsess over small details.
Well at least you have something that checks your boxes !!
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pugchief
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by pugchief » Mon Oct 21, 2019 8:45 pm
ochotona wrote: ↑Mon Oct 21, 2019 2:56 pm
InsuranceGuy wrote: ↑Mon Oct 21, 2019 11:33 am
Are MOC that big of a deal? I could see if you bought stocks and you wanted to buy or sell at close in anticipation of an earnings move, but if you are trading ETFs why not just sell 30 minutes before close and then buy your new shared fast following?
I just don't want to be exposed to that whole "selling the customer's order flow" thing. That's just sleazy and creepy.
Very interesting, the Schwab rep just told me my IRA is NOT set up for margin trading, but I have placed a simultaneous MOC sell and buy order at Schwab, that was something definitely Fidelity could not do. With Fidelity, I'd have to wait until the next day to do the second leg of the trade. (bzzzzt) No good at all for the way I want to trade. When I get a momentum signal to move a large part of the portfolio, I want to do it in one go, get the exact closing price, not have my large order sold, not be exposed to bid-ask spread.
Sorry, FIDELITY Visa card.
By law, IRAs and 401ks are never margin accounts, always cash. So if you're doing it in a tax-deferred account, you are lucky they allow simultaneous orders like that. I think Fidelity's policy is more typical. That being said, Fido does occasionally have some weird rules.
Now what you
can do at Fido is 'exchange' one mutual fund for another simultaneously and automatically always at the close. SInce they now have several ZERO expense ratio funds and plenty of super-low ER ones as well, maybe that would work better for you?
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mathjak107
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by mathjak107 » Tue Oct 22, 2019 2:59 am
i have what is called a limited margin account at fidelity on my ira . Limited margin----------
Allows you to trade on unsettled funds and trade without triggering trading restrictions, such as good faith violations, in an IRA1