Good day for a limit order?

[Boho]

I inherited a mutual fund from an account that was managed by someone else and I want different investments now. I feel like the market is right for a limit order. I'm considering selling the fund (first I'll make sure it rose with the market somewhat) and holding the cash while the limit order is in progress. I'd be trying to buy an index fund. Um...what do you think?

I'm afraid of that question, so here's another one for the sake of diversifying. I'm looking for a good graph of the S&P 500 or whatever other index you think is good for determining when the market is up and down. Preferably one that lets you compare it with the history of any fund you choose. I like the ones with the sliding things to set date limits, but I'll use the keyboard to punch in dates if necessary. What's a good one? I can't even find one at the moment.

[Running_Man]

PerfCharts | Free Charts | StockCharts.com

I think you are overthinking this and should just sell and not worry about daily fluctuations but there is a link for Stock CHarts.com that does what you want

[Boho]

Quote:

Originally Posted by Running_Man PerfCharts | Free Charts | StockCharts.com I think you are overthinking this and should just sell and not worry about daily fluctuations but there is a link for Stock CHarts.com that does what you want

Perfect. I bookmarked http://stockcharts.com/freecharts/perf.php?$spx

[Boho]

Quote:

Originally Posted by Running_Man just sell

I sold. "A sales charge of up to 1.00% may apply."

Wish I knew what I'm going to buy.

[Boho]

OK, I know now. Fidelity NASDAQ Composite Index Tracking Stock Fund - ONEQ. I'll place the limit order when the old fund is sold unless I change my mind.

[DrRoy]

What you are proposing seems too much like attempted market timing to me. I suggest that you just buy in at fixed intervals over a few months, or put your limit order out there for just a portion and go with the intervals for the rest.

[LOL!]

Today is a good day to work on an investment plan.

I recommend Larry Swedroe's book for help with this:
The Only Guide You'll Ever Need for the Right Financial Plan: Managing Your Wealth, Risk, and Investments

For market timing, please follow LOL!'s Market Timing Newsletter. Here is a link to how it works: http://www.early-retirement.org/foru...ml#post1787189

[target2019]

Quote:

Originally Posted by Boho I inherited a mutual fund from an account that was managed by someone else and I want different investments now. I feel like the market is right for a limit order. I'm considering selling the fund (first I'll make sure it rose with the market somewhat) and holding the cash while the limit order is in progress. I'd be trying to buy an index fund. Um...what do you think? I'm afraid of that question, so here's another one for the sake of diversifying. I'm looking for a good graph of the S&P 500 or whatever other index you think is good for determining when the market is up and down. Preferably one that lets you compare it with the history of any fund you choose. I like the ones with the sliding things to set date limits, but I'll use the keyboard to punch in dates if necessary. What's a good one? I can't even find one at the moment.

What are the two funds?

[Whisper66]

Quote:

Originally Posted by Boho OK, I know now. Fidelity NASDAQ Composite Index Tracking Stock Fund - ONEQ. I'll place the limit order when the old fund is sold unless I change my mind.

You've been bitten already by one high fee (1% for selling last asset). Learn quickly that the impact of fees is quite important over time. So one thing that is always worth doing is asking yourself why not go with similar fund with lower fees.

I don't know Fidelity Funds but Vanguard Growth Index Admiral Share Mutual Fund is close to the ETF you are looking at. Vanguard fees = 0.08% (no bid/ask spread, no 12b or other fees). Much lower fees than the Fideleity one you are buying which has fees of 0.21%. And since ONEQ is an ETF, you will also pay some $$ on the bid/asking spread. The two funds track pretty closely, see graph here to compare.

If you prefer ETF's, the above mutual fund is available as an ETF as well with 0.08% fee. See VUG .

If you buy the above funds from a Vanguard account, those fees are correct. If you buy them through another company (Fidelity), I expect you will have added fees since these are not their funds. Also, I think Admiral share fees are available only with a Vanguard account.

Many of us track our fees over time....they really do add up to significant amounts once your portfolio takes off after several years. Good to get a good handle on them early.

[COcheesehead]

Quote:

Originally Posted by Whisper66 You've been bitten already by one high fee (1% for selling last asset). Learn quickly that the impact of fees is quite important over time. So one thing that is always worth doing is asking yourself why not go with similar fund with lower fees. I don't know Fidelity Funds but Vanguard Growth Index Admiral Share Mutual Fund is close to the ETF you are looking at. Vanguard fees = 0.08% (no bid/ask spread, no 12b or other fees). Much lower fees than the Fideleity one you are buying which has fees of 0.21%. And since ONEQ is an ETF, you will also pay some $$ on the bid/asking spread. The two funds track pretty closely, see graph here to compare. If you prefer ETF's, the above mutual fund is available as an ETF as well with 0.08% fee. See VUG . If you buy the above funds from a Vanguard account, those fees are correct. If you buy them through another company (Fidelity), I expect you will have added fees since these are not their funds. Also, I think Admiral share fees are available only with a Vanguard account. Many of us track our fees over time....they really do add up to significant amounts once your portfolio takes off after several years. Good to get a good handle on them early.

ONEQ is a commission free, transaction free security at FIDO.
.21% fees.

[COcheesehead]

FIDO should also get you some share price improvement at the time of the transaction. They always have for me, even if it's just a buck or two.

[Boho]

Quote:

Originally Posted by target2019 What are the two funds?

One was FCISX which I already ordered to be sold. The status is "open" and I don't see the cash in my account yet. I'll use some of the cash to buy ONEQ and the rest for other things.

I also want to sell OAAAX which is in my inherited IRA but that one seems to have been transferred to me only yesterday and the value didn't show until today and I still can't sell it for some reason. I get the error "Error: 017976 The position to Sell was not found or not available." I want to completely exchange that fund for ONEQ.

[jazz4cash]

Quote:

Originally Posted by COcheesehead ONEQ is a commission free, transaction free security at FIDO. .21% fees.

I'm looking at ONEQ also. I think it has a different profile than the VG Growth Index fund mentioned.