|
|
02-10-2018, 02:05 PM
|
#21
|
Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Red Rock Country
Posts: 1,915
|
So Fidelity is a "nanny" after all: https://www.bloomberg.com/news/artic...x-focused-etfs
And yes, it's a case of closing the barn door after the horse is gone except it's worse. Folks who want to get into SVXY at the best time (while volatility is spiking) can't.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
02-10-2018, 02:14 PM
|
#22
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,331
|
Quote:
Originally Posted by Ian S
|
I don't know anything about SVXY, but could the issue be counterparty risk rather than nanny-ism? In the housing crash, the government had to prop up AIG because they had a huge liability as counterparty to credit default swaps and could not possibly have made good on them without help. Presumably people have learned to worry about that now.
|
|
|
02-10-2018, 05:35 PM
|
#23
|
Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,763
|
Found this news article regarding Fidelity restricting access. The article also states "In order to buy these funds at Fidelity in the first place, customers need to sign a designated investment agreement and must have "most aggressive" risk tolerance registered on Fidelity.com, the brokerage said. ". The OP didn't mention signing a agreement or registering.
https://www.cnbc.com/2018/02/09/fide...-accounts.html
|
|
|
02-10-2018, 06:45 PM
|
#24
|
Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 1,246
|
I would assume that any serious Fidelity trader would be using Active Trader Pro rather than the web site.
__________________
"Don't you draw the queen of diamonds, boy, she'll beat you if she's able.
You know the queen of hearts is always your best bet" -- The Eagles, Desperado
|
|
|
02-10-2018, 07:38 PM
|
#25
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,948
|
Ameritrade has a far better approach. Let an investor buy what they want to buy, but don't allow it to be bought on margin (100% maintenance requirement).
|
|
|
02-10-2018, 08:18 PM
|
#26
|
Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,705
|
No issue logging onto or calling Active Trader line at Schwab. Reps not as chatty as before but then I had a specific question and just needed a rapid answer. And both of them (yes I called twice) were swamped. Still polite, thorough, questions addressed
|
|
|
02-11-2018, 10:10 AM
|
#27
|
Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Red Rock Country
Posts: 1,915
|
Quote:
Originally Posted by copyright1997reloaded
Ameritrade has a far better approach. Let an investor buy what they want to buy, but don't allow it to be bought on margin (100% maintenance requirement).
|
I agree. That's the best approach IMHO. I can't help but think the difference in approaches may be due to the different origins of Fidelity and TDAmeritrade: the former is mainly a mutual fund company with brokerage services tacked on while the latter has its origins in discount brokerage services (Ameritrade and Waterhouse.) This month TDAmeritrade will be adding Scottrade customers as it completes its takeover.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|