 Quote:
Originally Posted by FIREdreamer
And guess what, even though I am FORCED to sell my previous funds to buy new ones, Fidelity is taking a rather generous helping of short term trading fees on most exchanges (fees assessed on new contributions to the old funds for the past 1-3 months depending on the fund). 
It keeps getting better and better... |
That's outrageous. When my Mega-corp 401k rolled out a new menu of funds, they arranged the xfer in stages, postponing xfer for funds that had short term trading fees to clear the penalty period FOR THE BENEFIT OF EMPLOYEES. Why the heck should FIDO benefit because Mega-corp is revising thier offerings? These fees are easily avoided if the plan was truly managed for the beneficiaries.
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"there is reasonable money to be made in lending people money to buy houses. I refuse to believe that there is, really and sustainably, enough money in it for the originators and the servicers and the insurers and the bond underwriters and a hundred different tranche buyers and swap dealers and my pet kitty to take a piece of the interest." -Doris Dungey (Tanta) of Calculated Risk
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