*Investors Blog*
- Thread starter Warstud
- Start date
Been there.... a hundred times.
So..... quick question.... Who has a 401k ( or any investments I guess) over at Fidelity?
I get calls from them about every 6 months that my portfolio "....is way too tech heavy and you seriously need to consider rebalancing it for greater diversification".
They just called again this morning.
My reply to Mr. Fidelity salesman is always the same.... " Whats your 401k worth, and what's the annaual return on it ? ".
Why do they do this? Why would they want me to decrease my annual return?
My other brokerages ( Schwab,Wells Fargo, and RobinHood) dont do this...
I get calls from them about every 6 months that my portfolio "....is way too tech heavy and you seriously need to consider rebalancing it for greater diversification".
They just called again this morning.
My reply to Mr. Fidelity salesman is always the same.... " Whats your 401k worth, and what's the annaual return on it ? ".
Why do they do this? Why would they want me to decrease my annual return?
My other brokerages ( Schwab,Wells Fargo, and RobinHood) dont do this...
Just tell them to stop calling and they will.
I used to get these calls and each time I told them that I don't need their help. After a couple of years they stopped calling.
It's tempting but I'm loaded.
I have room. And of course, as always, after I bought, the price went down
It will float right back above par, hold tight.I have room. And of course, as always, after I bought, the price went down
I did sell one of my preferreds yesterday. BFHPRA. I had a good low buy go off in the spring, well under par, it's been floating above par so I bailed. I got a single dividend, but still worth it in an IRA.
I still have plenty of preferreds, and the two Gabelli preferreds I own are stinking up the joint. They might actually be a buy for medium risk portfolio. There are risks, not a recommendation. GDVPRH and GABPRH. The other risky preferred that is down is FITBPRK. Take a look.
Pretty much as I mentioned, I'm checking out of stock tracking, trading and options for now (maybe return winter, just don't have TIME). Most all increases will be interest and compounding. Every investment now set to divi/interest re-invest.
I am selling credit today of which BACPRB really is part. I can get out of IEF at a profit, and out of TLT with a small loss after dividends. I would like to sell BAC/PRB as well but I think there will be a better opportunity in the future as @Pablo indicated. Still believe that long rates trade will work but not until after Nov 5 at this point.
I brought it in awhile ago, all my CLO AAA funds are doing great.
And they will continue to do so for the same reasons I am selling long bonds.