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pyknosis posted:I had two robo-advisor accounts with Fidelity (before I read this thread) and they treat them the same way -- "closed" just meant emptying them out, and I had to hide them in the UI but they're still there. How do you hide them?
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Feb 18, 2024 21:15
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Omne posted:How do you hide them? At least via their desktop app, you log in and there’s a small cog on the left hand side of the page, above All accounts. Click the cog, and then account display preferences. If you’re using Fidelity Netbenefits, you log in and there’s a “Name and hide accounts” link below the Your accounts and benefits section
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Feb 19, 2024 00:44
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I also have a closed, zero balance old Fidelity 401(k) sitting in my Fidelity accounts window. It doesn't bother me and I never really thought about it.
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Feb 19, 2024 14:52
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When I log into Fidelity I have a pension plan from AT&T listed under “Accounts”. I’ve never worked for AT&T.
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Feb 19, 2024 22:14
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Maybe you're going to work there in the future and they're just getting the account ready for you
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Feb 20, 2024 00:31
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It might be some sort of mistake. I would call and ask. Maybe an old employer of yours was bought by AT&T?
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Feb 20, 2024 00:31
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Fidelity contains all possible 401Ks from every possible employer for each customer, and merely unhides the relevant ones.
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Feb 20, 2024 00:33
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Awkward Davies posted:When I log into Fidelity I have a pension plan from AT&T listed under “Accounts”. The most likely reason is because At&t has bought many companies and their pension plan liabilities over the years. Usually (but not always) when a Defined Benefit plan is converted only the ones with a vested benefit are loaded. Next time you log into the Fidelity system, click on the link and see if you have something payable.
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Feb 20, 2024 01:47
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pyknosis posted:Maybe you're going to work there in the future and they're just getting the account ready for you Do not wish cruel things on other posters like “you will work at ATT.”
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Feb 20, 2024 12:46
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Stock Plan Connect from Morgan Stanley is a similar situation. I don’t think they ever close your account, even if you got 20 shares of stock ten years ago and sold it immediately.
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Feb 20, 2024 13:56
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Antillie posted:It might be some sort of mistake. I would call and ask. I don't think so? When I click on it I get an error message "Not all the features are currently available. Please try again later." So something is just broken. Just a weird occurrence.
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Feb 20, 2024 20:05
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Awkward Davies posted:I don't think so? That means that they didn't load all of your data when they converted your record. Record keeping of pension records has historically been very sloppy.
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Feb 21, 2024 14:16
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I want to buy-and-forget a significant amount of VOO, more than the 500k covered by SIPC. Should I break up my money to multiple brokers so they remain within the guaranteed cover amount? What brokers would you recommend right now?
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Feb 22, 2024 13:46
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I dunno but I imagine that whatever world situation arises where someone like Fidelity would just go belly up and lose all their assets is one where I wouldn’t be worried about how I was going to access my investment accounts. E: here is a post by a Fidelity employee on their subreddit: All Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account, since they are considered securities. In addition to SIPC protection, Fidelity provides its brokerage customers with additional "excess of SIPC" coverage through Lloyd’s of London. The excess coverage would only be used when SIPC coverage is exhausted. SIPC coverage protects assets held in brokerage accounts, including stocks, bonds, mutual funds, and money market funds. Total aggregate excess of SIPC coverage available through Fidelity's excess of SIPC policy is $1 billion. Within Fidelity's excess of SIPC coverage, there is no per customer dollar limit on coverage of securities, but there is a per customer limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry. Like SIPC, excess protection does not cover investment losses in customer accounts, including losses due to market fluctuation I would imagine the other brokerages have something similar. Boris Galerkin fucked around with this message at 13:53 on Feb 22, 2024 |
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Feb 22, 2024 13:51
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UnfurledSails posted:I want to buy-and-forget a significant amount of VOO, more than the 500k covered by SIPC. Should I break up my money to multiple brokers so they remain within the guaranteed cover amount? What brokers would you recommend right now? I still don't entirely understand how SIPC coverage applies. If you buy a security (VOO), Fidelity is simply facilitating your ownership. If Fidelity fails, your securities would simply be transferred to another institution. In order for SIPC to come into play, Fidelity would have had to done something bad, like selling customer holdings without telling them (?). Cash is more straightforward. Banks use cash to lend out to other people, buy bonds, etc, and all of that can come back to bite them like we saw recently with SVB. But in the case of securities, wouldn't they have to sell your securities out from under you without you knowing?
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Feb 22, 2024 16:02
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UnfurledSails posted:I want to buy-and-forget a significant amount of VOO, more than the 500k covered by SIPC. Should I break up my money to multiple brokers so they remain within the guaranteed cover amount? What brokers would you recommend right now? Brokerages that are cool and good: - Fidelity - Vanguard - Schwab - IBKR
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Feb 22, 2024 18:09
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I prefer Schwab over all others because their customer service is top top top tier, but I still invest in a lot of Vanguard MFs/ETFs though Schwab has highly competitive offerings. Fidelity competes with Vanguard's MFs/ETFs but I still go with Vanguard for non-number reasons, namely that they don't allow cryptocurrency investing in any form which is a mission I can get behind. https://investor.vanguard.com/investor-resources-education/news/no-bitcoin-etfs-at-vanguard-heres-why Also Schwab is a lot better about visualizing performance and the interface/user experience is a lot cleaner in my opinion. I recognize this is not a compelling reason to pick them, but Schwab/Vanguard/Fidelity are all basically the same presence
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Feb 22, 2024 18:12
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I’ve been putting off topping off our IRAs due a bad case of “I’ll deal with it later”. Don’t be like me. Now to re-read the thread title and fire off those purchases despite the market being insane.
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Feb 22, 2024 23:46
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That's the thing. The market is always insane.
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Feb 23, 2024 00:05
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the market has been at an ATH something like 1500 times since the great depression. it will generally be achieving ATHs over the course of your life. if it does not this is a bad thing for you and me and everyone else.
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Feb 23, 2024 00:42
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dpkg chopra posted:I’ve been putting off topping off our IRAs due a bad case of “I’ll deal with it later”. Vanguard does an automatic Roth IRA deposit every month that I like. So it's just the yearly maximum divided by twelve out of my bank account the first of every month. Set it and forget it is great.
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Feb 23, 2024 07:22
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Normalize never looking at numbers and charts and just pressing buy. In fact that should be an option in broker software. I want to toggle off all numbers and charts.
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Feb 23, 2024 07:45
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KYOON GRIFFEY JR posted:the market has been at an ATH something like 1500 times since the great depression. If you're assuming that the market will go up on average, it has to be at or near ATH a lot of the time
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Feb 23, 2024 08:10
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it should be remembered that greenspans famous irrational exuberance line was from a speech in 1996, not 1999. a dollar in the nasdaq when he made the speech would have been nearly five dollars in 2000 and a buck twenty eight in 2003. the top of the market is allusive anyway, just set it and forget it
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Feb 23, 2024 10:15
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Tamba posted:If you're assuming that the market will go up on average, it has to be at or near ATH a lot of the time What I'd be curious is the number of days where the market never drops below that value in the next decade. Instead of all time high, new bottom I guess. Or maybe it's best I don't know because that's probably a statistic that makes you very tempted to try to time the market.
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Feb 23, 2024 15:36
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The best time is now.
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Feb 23, 2024 16:05
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GhostofJohnMuir posted:the top of the market is allusive The markets all like “wow I’m feeling like a really tall tree at the moment. The TALLEST TREE. Kind of like if Sisyphus got there, you know?”
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Feb 23, 2024 16:10
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the top of the market is really fond of synecdoche (insofar as we take the s&p 500 to represent the whole)
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Feb 23, 2024 16:47
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Awkward Davies posted:I still don't entirely understand how SIPC coverage applies. If you buy a security (VOO), Fidelity is simply facilitating your ownership. If Fidelity fails, your securities would simply be transferred to another institution. To expand on this, as a thought exercise imagine what it would take to literally steal a piece of real estate. You can break in and steal the deed and forge signatures all you want, but at the end of what will probably be an annoying saga, society isn’t going to recognize you as the rightful owner.
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Feb 23, 2024 17:21
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Eyes Only posted:To expand on this, as a thought exercise imagine what it would take to literally steal a piece of real estate. You can break in and steal the deed and forge signatures all you want, but at the end of what will probably be an annoying saga, society isn’t going to recognize you as the rightful owner. So you'd need to bring a shovel and dig out the dirt you are saying? Then it's yours? If you take it, with action!
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Feb 23, 2024 17:57
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I took a contracting job overseas with Lockheed 10 yrs ago. I came back in 2016 and invested a lump sum with Vanguard in vtsax and vfiax (50/50). Going by the rule of 72, my investments double about every 5 or 6 years. The boring stuff works so well. I did some research and found the strategy through jl collins simple path to wealth. Definitely the best thing I've done for retirement and I'd recommend it to anyone.
davey4283 fucked around with this message at 21:39 on Feb 23, 2024 |
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Feb 23, 2024 21:28
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davey4283 posted:I took a contracting job overseas with Lockheed 10 yrs ago. I came back in 2016 and invested a lump sum with Vanguard in vtsax and vfiax (50/50). Going by the rule of 72, my investments double about every 5 or 6 years. The boring stuff works so well. I did some research and found the strategy through jl collins simple path to wealth. Definitely the best thing I've done for retirement and I'd recommend it to anyone. While I think this is a solid strategy why both vtsax and vfiax? They are basically the same thing.
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Feb 23, 2024 23:40
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When I made those decisions I was fresh into the market and the books I read had me obsessed with dividend yields. Collins is all about vtsax but the sp500's div was higher so I went half in each. I'd probably just do one or the other now but it's all in a taxable account so I can never move it without cap gains tax.
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Feb 24, 2024 00:32
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davey4283 posted:When I made those decisions I was fresh into the market and the books I read had me obsessed with dividend yields. Collins is all about vtsax but the sp500's div was higher so I went half in each. I'd probably just do one or the other now but it's all in a taxable account so I can never move it without cap gains tax. I did something similar with VIG and it’s been fine, not 100% optimal but ok.
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Feb 24, 2024 00:41
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tired: dividend yield wired: shareholder yield
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Feb 24, 2024 00:45
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drk posted:tired: dividend yield there's an etf for that. it has significantly outperformed the s&p since early 2020 (just before covid crash), but not on most other timeframes (basically kept even). Cambria Shareholder Yield ETF https://www.cambriafunds.com/syld https://www.cambriafunds.com/assets/docs/insights/better-approach-to-dividend-investing.pdf blackrock has something vaguely similar. it hasn't done as well as SYLD or the s&p over most timeframes. iShares Core Dividend ETF Why DIVB? 1. Invests in U.S. companies that return capital to shareholders through paying dividends and/or buying back their stock https://www.ishares.com/us/products/291387/ishares-core-dividend-etf https://stockcharts.com/freecharts/perf.php?SPY,SYLD,DIVB&n=1020&O=011000
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Feb 24, 2024 01:16
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Smashing Link posted:I did something similar with VIG and it’s been fine, not 100% optimal but ok. Yea, I guess I'm not too upset about it since both funds perform about the same. Even VIG isn't too bad, I looked at the fact sheet and the yoy returns are pretty decent (over 10%). The problem is the investing books are all written by old timers with strategies from the 50's and 60's like Ben Graham. Value investing and div yields, yadda yadda. Tech PE ratios of 250 weren't a thing back then. I would only consider maxing out on dividend stocks if I was close to retirement and trying to live off them.
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Feb 24, 2024 21:26
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Boris Galerkin posted:Something that REALLY turned me off to Fidelity today was that I had to actually call them and their robot asked me to “enter your password using the letters on the keypad”. This means that if my password was say “diCK” for example then on the phone I’d have to enter “3425” which is raising all sorts of red flags because 3425 could also spell other passwords and also it means they don’t care if my password had capitals and since I can’t type in symbols on the keypad I’m guessing they don’t care about those either. I posted about this in the infosec thread and some former Facebook goon basically said yes it’s safe and standard practice but Jesus Christ. I'm curious about how this is done. So, supposedly and according to all best practices I know, companies don't store our passwords, they store hashes, or at least they should. This means they shouldn't know the characters of your password, they shouldn't be able to know if the key presses match the letters in the password. Maybe I'm forgetting some algorithmic way they can do this, but if the hash is immutable, this shouldn't be possible. Now that I think about it, those "insert the 2nd letter from your password" things should also be impossible.
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Feb 26, 2024 13:33
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orange sky posted:I'm curious about how this is done. So, supposedly and according to all best practices I know, companies don't store our passwords, they store hashes, or at least they should. This means they shouldn't know the characters of your password, they shouldn't be able to know if the key presses match the letters in the password. Maybe I'm forgetting some algorithmic way they can do this, but if the hash is immutable, this shouldn't be possible. Now that I think about it, those "insert the 2nd letter from your password" things should also be impossible. Yeah but in that infosec thread I linked someone basically said companies think we’re stupid and even though we typed out password as “password” they’ll also make it all caps and hash “PASSWORD” as well, because people are stupid and will complain that their password doesn’t work when they accidentally leave caps lock on. E: But also, on subsequent times when I called Fidelity I figured out you don’t even need to enter your password. Just hit pound a few times and the robot bypasses it and takes you to a person. Not really sure what the hell the password thing is even for. Boris Galerkin fucked around with this message at 13:48 on Feb 26, 2024 |
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Feb 26, 2024 13:46
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orange sky posted:I'm curious about how this is done. So, supposedly and according to all best practices I know, companies don't store our passwords, they store hashes, or at least they should. This means they shouldn't know the characters of your password, they shouldn't be able to know if the key presses match the letters in the password. Maybe I'm forgetting some algorithmic way they can do this, but if the hash is immutable, this shouldn't be possible. Now that I think about it, those "insert the 2nd letter from your password" things should also be impossible. Not an expert at all, but they could theoretically generate a separate hash table for phone passwords at the time you initially set your password, that can only be used on the phone. Combine that with some kind of "I'm not a robot" technology that can help distinguish bot key presses from human. Anyone with fidelity (I don't)can test if its a separate table by typing their phone password into the website password field and see if it lets you in The big risk is if both the phone hash table and the online hash table get leaked, but other than that it seems as secure as any call center that doesn't need a password. esquilax fucked around with this message at 14:02 on Feb 26, 2024 |
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Feb 26, 2024 14:00
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