This morning, Your Survival Guy would like to clarify a few housekeeping items for you regarding transferring your accounts from Vanguard to Fidelity. When you make the transfer, there is no cost, and if you own my favored Wellington and/or Wellesley funds, you simply transfer them over as is or “in-kind.” There’s no cost, and once you’re at Fidelity, you can hold the positions for as long as you want. As an aside, you can read about my client’s relationship with his grandfather and how it was cemented through the Wellington fund. When you decide to become a client of Richard C. Young … [Read more...]
Why Fidelity is Number One
You don’t build a company such as Fidelity Investments, with more than $2 trillion in assets, overnight. It takes constant focus and improvement, day by day, or kaizen—a Japanese philosophy of daily improvement espoused by former chairman Edward C. “Ned” Johnson III.
When I worked at Fidelity, back in the mid-90s, Mr. Johnson encouraged us, through his memos, to apply the philosophy of kaizen to all aspects of our lives.
Mr. Johnson paid particular attention to kaizen as it related to the firm’s investment in technology. He wanted to make sure Fidelity was second to none.
Read more about why Fidelity is number one below:
Concerns: Interview with New Vanguard CEO Salim Ramji
You know about my concerns with Vanguard from my SPECIAL REPORT: The Trouble with BlackRo… er… ummm, Vanguard. And I'm not trying to be unfair to Vanguard. But, as I explain in this piece, I have legitimate concerns, and think you should move to Fidelity. Here's what I wrote then: First, the most important reason for moving to Fidelity Investments is because it is still a family run business. It’s run by the founder’s granddaughter, Abigail Johnson. It is not a publicly traded company like BlackRock, pressured to meet Wall Street’s quarterly earnings expectations. Second, now that Vanguard … [Read more...]
Investors Flock to Fidelity
Investors, perhaps tired of the big three asset managers and the tired old bulge bracket Wall Street firms, are flocking to Fidelity. Aex Ortolani reports at Plan Adviser: Fidelity Investments released on Thursday select second-quarter financial results that showed a 20% year-over-year uptick in assets under administration. The firm, which is not publicly listed, announced that AUA grew to $14.1 trillion, which is 3% higher than in Q1. “In addition to strong market conditions over the past year, asset growth is attributed to inflows from new and existing Fidelity customers and clients, … [Read more...]
Concerns with Vanguard? How to Move to Fidelity
Now that Your Survival Guy has made clear my concerns about Vanguard, why and how should you move to Fidelity? Fidelity Investments: Why it’s #1 Do You Know Fidelity’s Best Kept Secret Weapon? Breaking News: Why Fidelity is #1 Rich CEO, Poor CEO? Why Fidelity is Number One Schwab vs. Fidelity: Separate Your Banking from Your Investments First, the most important reason for moving to Fidelity Investments is because it is still a family run business. It’s run by the founder’s granddaughter, Abigail Johnson. It is not a publicly traded company like BlackRock, pressured to meet … [Read more...]
SPECIAL CONFESSION: Why I’m Being Hard on Vanguard
Dear faithful readers, here it is, the piece you’ve all been waiting for: Why I’m being hard on Vanguard. I know you want me down on my knees. You want a confession of sorts. You want answers. Just yesterday, you told me: “You sound like a man possessed, a maniac. My family has money at Vanguard. Why don’t you make the case for your own services? Explain to me why you like dividend-paying stocks over mutual funds and ETFs, why you like individual bonds, and why I should pay your FEE?” “OK, I will,” I said. Can I get an Amen? First off, you may have read I have huge concerns about … [Read more...]
Is It Time to Change Course with Your Investments?
We live in a digital world. It’s why when it comes to your money I prefer Fidelity Investments. When I was at the firm, it was the late CEO Ned Johnson III’s mission to spend whatever it took on technology to protect customer accounts. This has been carried out by his daughter, Abigail Johnson, who runs the firm. When you have a lot to lose, you want to be in a safe harbor. If you aren’t with Fidelity, now may be the time to consider a change of course. Action Line: When you want to talk about changing course, I'm here. In the meantime, click here to subscribe to my free monthly Survive … [Read more...]
20-years Later, Another Changing of the (Van)Guard
“I’ve been following Dick Young for decades,” you told me yesterday. And it’s a refrain I hear often in my conversations with you. There’s a reason Richard C. Young’s Intelligence Report was read by tens of thousands of subscribers every month: you. You looked forward to the opening stories. You enjoyed hearing about Dick and Debbie’s trips rolling down Main Street America on their Harley Davidsons. You enjoyed reading his tightly packaged investment advice. You saved the letters, underlined them, and shared them with your spouse. The letters were a reminder that simple is sophisticated. … [Read more...]
Fidelity vs. Schwab
When it comes to taking care of your money, Your Survival Guy favors Fidelity Investments over Charles Schwab because Fidelity is not a bank. They will not use your money to lend out to make a buck and pay you a pittance. If you’re at Schwab, make sure you’re in a situation you’re comfortable with. If you need guidance, let me know. Read more about Fidelity here: Schwab vs. Fidelity: Separate Your Banking from Your Investments Schwab Down 30%, Fidelity, Vanguard, BlackRock, and You Fidelity and the Flight to the Suburbs Cut the Wait Times at Fidelity and Vanguard with Your … [Read more...]
Cut the Wait Times at Fidelity and Vanguard with Your Survival Guy
Investing in a chaotic world isn’t easy. You hope you’re doing the right thing. But hope is not a strategy. When I talk with investors like you on the phone, you’re telling me about the hours-long waits you’re enduring with custodians from Charles Schwab to Vanguard and, yes, even Fidelity. The phone tree is alive and NOT well. That’s unfortunate because you deserve more. If you’ve been with me through thick and thin, then you know the plan. You’re hunkered down collecting dividends and interest, in other words, getting paid to be in this market. If you’re not with me, I have no idea what … [Read more...]
RIP Fidelity’s Edward “Ned” Johnson III
The investing world lost a legend this week with the passing of Edward “Ned” Johnson III. You can read about our history here. When Your Survival Guy Joined the Family Business My Personal View on Fidelity Investments for You Thank You Mr. Johnson Richard Young Reports: 50+ Years with Fidelity and Wellington Rich CEO, Poor CEO? Why Fidelity is Number One Fidelity is Boston and Boston is Fidelity Fidelity Investments: Why it’s #1 The Wall Street Journal's Justin Baer writes of Johnson's life: Edward “Ned” Johnson III, who transformed Fidelity Investments into a … [Read more...]
- 1
- 2
- 3
- …
- 5
- Next Page »