Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-08-2021, 01:55 PM   #21
Full time employment: Posting here.
 
Join Date: May 2017
Posts: 709
PB, I switched everything to Schwab a few years back (moving what I had at both Vanguard and Fidelity over). Much easier user interface and I never have the problems that you encounter.
brokrken is offline   Reply With Quote
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!

Old 01-08-2021, 02:53 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
Ah, that's an idea. I may go that way.

One thing that I've been looking for that it seems that neither Vanguard or Fidelity can do is to screen preferreds the way I want. Let's say I have some money to invest. I'd like them to run a screen of preferred stocks that have certain ratings (say BB- or better), a market yield of x% or more, a yield-to-call of y% or more, etc. I can easily find the first 2 and I can find some data on the YTC, but I haven't found anything that can do all 3. Does Schwab have anything like that?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Preferred Stock Investing-The Good , The Bad and The In Between 2021
Old 01-08-2021, 03:46 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 8,659
Preferred Stock Investing-The Good , The Bad and The In Between 2021

Quote:
Originally Posted by pb4uski View Post
Ah, that's an idea. I may go that way.

One thing that I've been looking for that it seems that neither Vanguard or Fidelity can do is to screen preferreds the way I want. Let's say I have some money to invest. I'd like them to run a screen of preferred stocks that have certain ratings (say BB- or better), a market yield of x% or more, a yield-to-call of y% or more, etc. I can easily find the first 2 and I can find some data on the YTC, but I haven't found anything that can do all 3. Does Schwab have anything like that?


PB, You can always leave Fidelity and still use their preferred stock screener. I dont use Fidelity...But I use their screener!

https://research2relay.fidelity.wall...stock/main.asp

There isnt a perfect one, I have three.... Ally is good on IPOs ...very good on getting them traceable. Just recently saved me almost a buck a share when the Seaspan 7.125% finally started trading again on OTC. Vanguard and TD were a day later.. But they all have quirks. How about this one with Ally. Whenever I hold an old illiquid for more than a couple weeks it somehow goes dormant. When I try to trade them it says “You do not own this security”. Even though its clearly in there. I would have to call and that is a mess with them, so I just let them be and hold long term.
Mulligan is offline   Reply With Quote
Old 01-08-2021, 03:52 PM   #24
Full time employment: Posting here.
 
Join Date: May 2017
Posts: 709
Quote:
Originally Posted by pb4uski View Post
Ah, that's an idea. I may go that way.

One thing that I've been looking for that it seems that neither Vanguard or Fidelity can do is to screen preferreds the way I want. Let's say I have some money to invest. I'd like them to run a screen of preferred stocks that have certain ratings (say BB- or better), a market yield of x% or more, a yield-to-call of y% or more, etc. I can easily find the first 2 and I can find some data on the YTC, but I haven't found anything that can do all 3. Does Schwab have anything like that?
PB, I actually just do this on quantum.
brokrken is offline   Reply With Quote
Old 01-08-2021, 04:07 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
How? I've used quantum's screener and to my knowledge, quantum can't do yield-to-call or market yield. Is there a page in quantum that I missed?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 01-08-2021, 10:14 PM   #26
Full time employment: Posting here.
 
Join Date: May 2017
Posts: 709
Quote:
Originally Posted by pb4uski View Post
How? I've used quantum's screener and to my knowledge, quantum can't do yield-to-call or market yield. Is there a page in quantum that I missed?


Sorry, you’re right, it doesn’t do all of that. I use my own spreadsheet for that stuff. I know it’s not elegant but works for me
brokrken is offline   Reply With Quote
Old 01-08-2021, 10:26 PM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 15,613
Quote:
Originally Posted by pb4uski View Post
I'm close to being done with Fidelity. Amazingly, Vanguard allows me to buy certain tickers online that Fidelity does not. The tickers that Fidelity requires me to call in rather than order online are not exotic at all. I was working around it for a while by simply selling a ticker that Fidelity would let me buy in my Vanguard account and then buying it there and then using the proceeds to buy the ticker that fidelity prohibited me from buying in my Vanguard account... but that is a hassle so I think I'll just rollover the Fidelity tIRA to my Vanguard tIRA.

Does anyone with experience with both see any downsides to jettisoning Fidelity? I'll still have his and her HSA accounts at Fido so I'll still be able to access their website and tools.

I am looking to leave Vanguard and Fidelity was an option... but like you it is not anymore...


IIRC it was stated that you could not buy a variable rate issue through Fidelity... that was what tripped me up...


I do have another account with Merrill Edge and it seems OK, but I just do not do enough with them to say if it is the one I will move too... one benefit is that they have a bonus reward rate to their CC if you have enough included....


I think I might try Schwab soon and see if they are the winner... but as of now Vanguard is still my default...
Texas Proud is offline   Reply With Quote
Old 01-08-2021, 11:16 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,300
Quote:
Originally Posted by Texas Proud View Post
I am looking to leave Vanguard and Fidelity was an option... but like you it is not anymore...


IIRC it was stated that you could not buy a variable rate issue through Fidelity... that was what tripped me up...


I do have another account with Merrill Edge and it seems OK, but I just do not do enough with them to say if it is the one I will move too... one benefit is that they have a bonus reward rate to their CC if you have enough included....


I think I might try Schwab soon and see if they are the winner... but as of now Vanguard is still my default...
Merrill Edge will also give you a bonus just for the move, up to $600 for most folks (but if you are moving a lot more than $200,000 , they will go higher).
https://www.merrilledge.com/cmaoffer
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is online now   Reply With Quote
Old 01-09-2021, 07:10 AM   #29
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 2,142
Quote:
Originally Posted by pb4uski View Post
Ah, that's an idea. I may go that way.

One thing that I've been looking for that it seems that neither Vanguard or Fidelity can do is to screen preferreds the way I want.
I don't know if you've seen this, it's not an online screener tool, but has all the data in a Google Sheet and let's you create your own filtering. Lots of details about each issue, about 650 issues included. And it doesn't have a YTC, but does have a YTW.

https://innovativeincomeinvestor.com...w-instuctions/
bobandsherry is online now   Reply With Quote
Old 01-09-2021, 08:37 AM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
Thanks. Yes, I have seen that and it is the closest thing that I have found to what I am looking for.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 01-11-2021, 06:24 PM   #31
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
Quote:
Originally Posted by brokrken View Post
PB, I switched everything to Schwab a few years back (moving what I had at both Vanguard and Fidelity over). Much easier user interface and I never have the problems that you encounter.
Quote:
Originally Posted by pb4uski View Post
Ah, that's an idea. I may go that way.

One thing that I've been looking for that it seems that neither Vanguard or Fidelity can do is to screen preferreds the way I want. Let's say I have some money to invest. I'd like them to run a screen of preferred stocks that have certain ratings (say BB- or better), a market yield of x% or more, a yield-to-call of y% or more, etc. I can easily find the first 2 and I can find some data on the YTC, but I haven't found anything that can do all 3. Does Schwab have anything like that?
I decided to give Schwab a try. They make it frightenly easy to create and account and to set up a transfer of assets from my Fidelity tIRA to my new Schwab tIRA. Probably all of 5 minutes for each step and all online.

I also like their preferred stock screener tool... I would like it even better if it included yield-to-call in addition to market yield. Another neat eature is that you can look at market yields for all issues of a particular issuer on a single screen.... below is an example of WFC preferreds.
Attached Images
File Type: jpg Capture.JPG (178.2 KB, 32 views)
File Type: jpg Capture2.JPG (173.6 KB, 34 views)
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 01-11-2021, 08:38 PM   #32
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
Since I had a few posts in the old thread regarding yield-to-call information and calculators, etc. I figured that I would share this that I found on QuantumOnline.... not sure how old it is as the page I found it on isn't dated... but it is consistent with what I have found... which is nada (other than innovativeincomeinvestor tables include YTW info but they say that it is understated).

Quote:
QuantumOnline does plan of offering Yield to Call (YTC) and Yield to Maturity (YTM) information in the future but at this point we can't say exactly when it will be. In our case, we first have to find a source of affordable current price quotes that we can use on the website and as the basis of the YTC & YTM calculations before we can even begin the programming on the yield information. We also have to find some good formulas for making the yield calculations that do not unduly slow down the loading of our tables.

We also do not know of any other website that offers YTC and YTM information or even YTC and YTM calculators. One suggestion we have in this regard is that some of the Financial Calculators (Hewlett-Packard, Texas Instruments, etc.) do offer YTC and/or YTM calculations. A second suggestion is that it is our understanding that Excel spreadsheets also offer YTC and/or YTM calculations but we have never attempted to confirm this ourselves.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 01-11-2021, 09:16 PM   #33
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 2,142
Quote:
Originally Posted by pb4uski View Post
Since I had a few posts in the old thread regarding yield-to-call information and calculators, etc. I figured that I would share this that I found on QuantumOnline.... not sure how old it is as the page I found it on isn't dated... but it is consistent with what I have found... which is nada (other than innovativeincomeinvestor tables include YTW info but they say that it is understated).
They say that necessity is the mother of invention. Maybe hook up with a coder and the two of you can create a site. Go the way of Quantum and request donations to recoup / offset your development and operational costs. Then maybe market it to other companies that offer screeners. Never you what that can turn into.
bobandsherry is online now   Reply With Quote
Old 01-12-2021, 09:40 AM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
I'm retired and not looking for a job.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 01-12-2021, 01:21 PM   #35
Full time employment: Posting here.
 
Join Date: May 2017
Posts: 709
Quote:
Originally Posted by pb4uski View Post
I'm retired and not looking for a job.
brokrken is offline   Reply With Quote
Old 01-12-2021, 01:49 PM   #36
Full time employment: Posting here.
Coolius's Avatar
 
Join Date: May 2010
Posts: 852
The recent jumps in the 10 yr UST rate has caused some panicky knee jerk reactions in the preferred/income sector.


Might be a good time to watch if buying opportunities emerge.


For example, POWER REIT Pfd, PW-A, now down to $25.30 or so. Accrued interest plus the 30 day notice is about $0.32 , so even if called tomorrow for Feb 12, one would receive $25.32. If not called, then yield is about 7.5% until such time as they do call.


Bear in mind that call risk is very high, this is not a buy and hold issue. I would be ecstatic if the next complete dividend were paid out.
Coolius is offline   Reply With Quote
Old 01-12-2021, 02:25 PM   #37
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 15,613
OK... I used to use dividends.com to look at upcoming ex divi dates and trade on them... but now it is a premium site...


Any other sights that will give upcoming ex-divi dates for pref shares?
Texas Proud is offline   Reply With Quote
Old 01-12-2021, 02:55 PM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
Quote:
Originally Posted by Coolius View Post
The recent jumps in the 10 yr UST rate has caused some panicky knee jerk reactions in the preferred/income sector.


Might be a good time to watch if buying opportunities emerge.


For example, POWER REIT Pfd, PW-A, now down to $25.30 or so. Accrued interest plus the 30 day notice is about $0.32 , so even if called tomorrow for Feb 12, one would receive $25.32. If not called, then yield is about 7.5% until such time as they do call.


Bear in mind that call risk is very high, this is not a buy and hold issue. I would be ecstatic if the next complete dividend were paid out.
Why do you say that it is not a buy and hold issue? Do you expect it to be called soon? Looks like yield to call is ~0% and if it is called a year from now the yield would be 6.5% and it just gets better after that to as much as 7.67%. Just trying to understand the reasoning for the comment.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 01-12-2021, 02:56 PM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,171
Quote:
Originally Posted by Texas Proud View Post
OK... I used to use dividends.com to look at upcoming ex divi dates and trade on them... but now it is a premium site...


Any other sights that will give upcoming ex-divi dates for pref shares?
https://innovativeincomeinvestor.com...eferred-stock/
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 01-12-2021, 03:21 PM   #40
Full time employment: Posting here.
Coolius's Avatar
 
Join Date: May 2010
Posts: 852
pb,


Call risk is exceptionally high with this issue, I expect a call soon. It is way past FC, recent rumblings out of the company have raised call concerns.



I do not know the exact details, but Mulligan is usually on top of these things, so I hope he will chime in and provide the details.


It closed at $25.30 today, buying at this level is not a risk as accrued interest already baked in provides a gain ( although minuscule ) even if called tomorrow.


I do not expect it to remain outstanding much longer, but maybe, just maybe, if they decide to push out the call for a quarter or two.....who knows?
Coolius is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 2 (0 members and 2 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Quick Links

 
All times are GMT -6. The time now is 11:44 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.