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Burgerwars

Fidelity introduces fee free index funds. Vanguard no commission ETF trading.

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Fidelity introduces a couple fee free index mutual funds. Vanguard introduces fee free ETF trading on 1,800 ETFs, and we all know Robinhood. I think it's also possible we'll see a negative fee mutual fund in the future.

 

Link:  https://www.cnbc.com/2018/08/01/vanguard-group-begins-key-experiment-in-the-new-era-of-free-investing.html

 

Edited by Burgerwars

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I got the Fidelity email last night, but as a general rule I don't mix ETFs and ecstasy, so I'm planning on reading it today.

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5 hours ago, cv91915 said:

I got the Fidelity email last night, but as a general rule I don't mix ETFs and ecstasy, so I'm planning on reading it today.

Have some more poppers, CV

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I wish I understood the comments. I know so little about investment funds and it worries me. I just got through funding a rollover IRA into two Fidelity funds: FUSEX S&P 500 Index and FTBFX Bonds. Once it all shows up on my portfolio I'll go into the diversification chart to see what to do next. 

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17 hours ago, creditmaze said:

I wish I understood the comments. I know so little about investment funds and it worries me. I just got through funding a rollover IRA into two Fidelity funds: FUSEX S&P 500 Index and FTBFX Bonds. Once it all shows up on my portfolio I'll go into the diversification chart to see what to do next. 

The most difficult part of learning about investments for me was that no matter which direction you think makes sense, if you bounce your ideas off others 50% of the people will agree with you, and the other 50% will give you 100 reasons why it doesn't make ANY sense at all.

 

I once assumed that "dollar cost averaging" was a complex algorithm that only a small handful of economists had ever really mastered, until I looked it up.  :lol:  

 

Reading this was a liberating event.  https://www.bogleheads.org/wiki/Lazy_portfolios

 

Then I read this:  https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365/ref=sr_1_4?ie=UTF8&qid=1535395822&sr=8-4&keywords=bogleheads+guide+to+investing&dpID=51C6jAf1afL&preST=_SY291_BO1,204,203,200_QL40_&dpSrc=srch

 

Getting started with a relatively safe, conservative approach is MUCH better than doing nothing, and you can (and should) always refine as you go.

 

 

Edited by cv91915

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6 hours ago, cv91915 said:

The most difficult part of learning about investments for me was that no matter which direction you think makes sense, if you bounce your ideas off others 50% of the people will agree with you, and the other 50% will give you 100 reasons why it doesn't make ANY sense at all.

 

I once assumed that "dollar cost averaging" was a complex algorithm that only a small handful of economists had ever really mastered, until I looked it up.  :lol:  

 

Reading this was a liberating event.  https://www.bogleheads.org/wiki/Lazy_portfolios

 

Then I read this:  https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365/ref=sr_1_4?ie=UTF8&qid=1535395822&sr=8-4&keywords=bogleheads+guide+to+investing&dpID=51C6jAf1afL&preST=_SY291_BO1,204,203,200_QL40_&dpSrc=srch

 

Getting started with a relatively safe, conservative approach is MUCH better than doing nothing, and you can (and should) always refine as you go.

 

 

Thank you so much! I'm at work but I will study this in more depth later.

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I'm still predicting an index fund with a negative fee. Maybe something like -0.01% so the fund company that does this first will be splattered all over the financial news. It won't even be a loss leader, since the fund company can earn money just holding billions of dollars in stocks and from order flow.

The Robinhood model of no commission stock trades may become the standard. Gone to the dust heap of history will be your father's stockbroker, earning commissions from "hot tips" that they've called you saying you got to "buy it now, before it zooms." Of course, they earned another commission when you sell a few weeks later for a big loss after you figured out this stock is a piece of crap.

Edited by Burgerwars

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