easysurfer
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 11, 2008
- Messages
- 13,155
I recently switched over from Vanguard to Fidelity. No need to go over again because there's plenty of other threads discussion that.
I was in the mutual funds only platform. But I guess a funds only platform is pretty much extinct these days (unless you want to get socked with fees at VG).
So, now I'm at Fidelity with their brokerage account. I don't regret moving over to Fidelity but brokerage account has been a bit of an adjustment. Main adjustment is the "core funds" that are kind of like cash, kind of like regular mutual fund. I've tried to just use like regular Money Market fund but they can't be set up to auto exchange like regular funds.
I ended up opening some regular money market funds in Fidelity with these core funds to get rid of them. But then I look at my position today and dividends were auto deposited in, so the core funds popped up again (whack a mole). Not only that, but when I was fund only I had spreadsheets all created. Now I have to adjust the spreadsheets too. These core funds may have borked one of my spreadsheets as I had that all set up for rebalancing at start of year.
The nudging thinking everyone wants to trade out of brokerage accounts is more complicated than needs to be for folks who just want to keep it simple like the good old days.
Okay, rant over .
I was in the mutual funds only platform. But I guess a funds only platform is pretty much extinct these days (unless you want to get socked with fees at VG).
So, now I'm at Fidelity with their brokerage account. I don't regret moving over to Fidelity but brokerage account has been a bit of an adjustment. Main adjustment is the "core funds" that are kind of like cash, kind of like regular mutual fund. I've tried to just use like regular Money Market fund but they can't be set up to auto exchange like regular funds.
I ended up opening some regular money market funds in Fidelity with these core funds to get rid of them. But then I look at my position today and dividends were auto deposited in, so the core funds popped up again (whack a mole). Not only that, but when I was fund only I had spreadsheets all created. Now I have to adjust the spreadsheets too. These core funds may have borked one of my spreadsheets as I had that all set up for rebalancing at start of year.
The nudging thinking everyone wants to trade out of brokerage accounts is more complicated than needs to be for folks who just want to keep it simple like the good old days.
Okay, rant over .