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money:picks [2019/11/04 19:08]
admin
money:picks [2020/06/16 16:22] (current)
admin
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 Of debatable benefit according to ERN. Also I don't want to do the research, but would rather work on tech/other things. But learning about businesses is kinda fun too. Of debatable benefit according to ERN. Also I don't want to do the research, but would rather work on tech/other things. But learning about businesses is kinda fun too.
  
 +
 +===== Ways People Lie =====
 +Magellan "performance": {{:money:image.jpg?600|}}
 +
 +But if you don't back-date it to include Lynch's performance...
 +
 +{{:money:contra_magellan_500.png?600|}}.
 +  * Link [[https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&showYield=false&reinvestDividends=true&benchmark=VFINX&symbol1=FCNTX&allocation1_1=100&symbol2=FMAGX&allocation2_2=100|here]]
 +
 +===== Clone =====
 But Mohnish Pabrai and folks seem sufficiently picky and spends multiple days figuring out the story for a stock. And still screws up sometime?! Why not just copy/"clone" and see what happens? But Mohnish Pabrai and folks seem sufficiently picky and spends multiple days figuring out the story for a stock. And still screws up sometime?! Why not just copy/"clone" and see what happens?
  
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   * New regulations to keep up on (10% capital gains)   * New regulations to keep up on (10% capital gains)
   * Need to file tax return every year   * Need to file tax return every year
 +
 +Here's another helpful document from StackExchange. https://money.stackexchange.com/questions/125912/is-it-possible-for-foreigners-to-buy-indian-stocks
  
 Sounds like a lot of hand-holding that I don't really want to do in order to make 5X my money, hopefully. He's been wrong before too. Sounds like a lot of hand-holding that I don't really want to do in order to make 5X my money, hopefully. He's been wrong before too.
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 ===== Brokerages ===== ===== Brokerages =====
 +==== ACATS Transfer ====
 +M1 Finance: https://www.m1finance.com/ACAT_Form.pdf (has Apex broker number and such)
 +
 +==== Fidelity ====
 +No outgoing ACATS charge. Fractional shares. Can choose tax lots **or** mintax.
 +
 +== Bad ==
 +Margin rates are 7%, higher than M1 but hopefully insignificant in the short run.
 +
 +Doesn't support buying underweight allocations automatically, I don't think.
  
 ==== Charles Schwab ==== ==== Charles Schwab ====
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 ==== M1 Finance ==== ==== M1 Finance ====
 +Excellent for fast rebalancing, i.e. following the "Breaking The Market" recommendations weekly.
 +
 +
 Lots more info here on how M1 makes money. https://www.m1finance.com/blog/how-m1-makes-money/ Lots more info here on how M1 makes money. https://www.m1finance.com/blog/how-m1-makes-money/
  
 Thankfully the $.02 minimum SEC fees are only levied on **sales** not on purchases. Great!! Thankfully the $.02 minimum SEC fees are only levied on **sales** not on purchases. Great!!
 +
 +However, really annoying to withdraw savings at a later time and pick the optimal tax lots you want to use. Have to:
 +  * 
  
 ==== Robinhood ==== ==== Robinhood ====
money/picks.1572923331.txt.gz · Last modified: 2019/11/04 19:08 by admin