Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

Post by desdiv » Fri, Sep 29, 2017, 4:04 AM UTC

lyrrad wrote: post #79

pgwhalen wrote: post #64

Earlier quoted context omitted.

This is not actually true anymore, Fidelity has responded. Their pure index funds are extremely competitive with Vanguard.

Most of the major players have funds with expense ratios within a couple basis points of each other. When they're that close, picking the fund with the lowest expense ratio may not result in the best performance and other factors can dominate: - How well the fund is run, and how representative it is of the index. A fund with high trading costs may underperform. - Securities Lending policy, how risky it is and how muc…

Post by ooOOoo » Fri, Sep 29, 2017, 4:13 AM UTC

bartread wrote: post #83

slyfocks wrote: post #80

Earlier quoted context omitted.

Thank you for being a voice of reason in a domain that has increasingly become overrun by frauds and zealots. As someone who has been involved in blockchain research since 2011, it’s sad to see a promising technology (in limited use cases) turn into a buzzword thrown around by the many speculators and scam artists peddling vaporware and pumping crypto prices.

Yup: it's the Big Data hype train of 2013/2014 re-liveried and stopping soon at a station near you.

Post by jaycroft » Fri, Sep 29, 2017, 4:24 AM UTC

desdiv wrote: post #91

lyrrad wrote: post #79

Earlier quoted context omitted.

Most of the major players have funds with expense ratios within a couple basis points of each other. When they're that close, picking the fund with the lowest expense ratio may not result in the best performance and other factors can dominate: - How well the fund is run, and how representative it is of the index. A fund with high trading costs may underperform. - Securities Lending policy, how risky it is and how muc…

EDIT: I was wrong. Please ignore the below incorrect content. >In most cases, it wouldn't make sense to switch existing funds to another provider in a taxable account if switching would result in a large capital gain. As long as the the funds track the same index then it's a Section 1031 like-kind exchange which does not trigger capital gains. [0] https://www.irs.gov/newsroom/like-kind-exchanges-under-irc-c...

Post by astura » Fri, Sep 29, 2017, 4:56 AM UTC

toomuchtodo wrote: post #71

astura wrote: post #37

Earlier quoted context omitted.

Schwab has the lowest cost index funds ETFs: https://www.schwab.com/public/schwab/investing/accounts_prod... Additionally, Fidelity offers index funds at a lower cost than Vanguard: https://www.fidelity.com/mutual-funds/investing-ideas/index-...

Vanguard is a mutual company. Whatever savings that they can extract from efficiency gains they pass along to their customer base. Also, Fidelity's index funds are loss leaders to retain funds that were flowing out to Vanguard.

Post by tylersmith » Fri, Sep 29, 2017, 5:19 AM UTC

sillysaurus3 wrote: post #58

ufo wrote: post #53

Earlier quoted context omitted.

(Satoshi is the inventor of bitcoin, in case you don't know)

Not quite. The central ideas underpinning bitcoin are very old, tracing back to hashcash and bitgold. https://en.bitcoin.it/wiki/Hashcash#History It's not really an important distinction, but maybe someone will find the history interesting.