On Sat, 09 Jul 2005 11:11:06 -0500, via_newsgroup[at]please.tnx(Cal Learner-- MVP)
wrote:

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That is correct.


--ron

In microsoft.public.money, - Bobb - wrote:

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That does seem stiff. They only charge on the buy, and not on the
sell or "exchange out". It is not clear if an "exchange" within the
same pay-fund family gets a fee or not. I would guess yes.

================================================== ====
From
http://flagship3.vanguard.com/VGApp/...lueContent.jsp

----------------------------
Transaction-fee (TF) funds5 Transaction fee:

* Purchase: $35 per trade regardless of order size.2
* Sale: $35 per trade regardless of order size.3
* Exchange: $35 per trade regardless of order size.4
================================================== ====

For Schwab March 2005 "Amendment and June 2004 Charles Schwab
Pricing Guide for Individual Investors" It would appear that it
could be higher than $49.95 each way. They call that number an
"overriding minimum".

http://waterhouse.com/products_servi...waterhouse.com
shows a $30 each way only if the amount of the transaction is
$10,000 or less.

In each case, I did not notice a lower rate for outside no-load
no-12b-1 fee funds for their platinum/gold/signature levels.

Holding outside funds is something I would avoid in each case. But
Fidelity's is the only one I noticed that only charged half of a
round turn.

"- Bobb -" <nospam87[at]netscape.net> wrote in message
news:Oe%23cNTlhFHA.3436[at]tk2msftngp13.phx.gbl...
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Contents of my online email to them:

" I see that you still have $75 fee for non-NTF funds. I've been looking
around and other firms are charging a lot less - schwab is $49.95, Vanguard
is $35. "


I did write another re letting Cash$ = FCASH too
Copied/pasted info below

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I'll think about making a suggestion directly to Fidelity.

In microsoft.public.money, - Bobb - wrote:

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If that happens also on the monthly dividend time, good. If not, you
might need to change that Dividend to ReinvestDividend each month.

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Of course not. I was proposing to do a last Sell at $1, and then
never bother generating another Buy or Sell of FCASH again.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:bvv4d1hv0itsqpe5p9ma42railo8jtsk23[at]4ax.com...
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I do find Fidelity to be responsive (which is why I'm still there).
Last year I dropped a note explaining that I would like to see cash basis on
my IRA. I told them that I understood that it didn't MATTER from a tax
standpoint, but I would find it helpful " to see how I'm doing". About 2
weks later, there it was - a tab for " COST." !!

I figure that they have the people on the payroll and I find that they are
very reponsive when I write them. SO, while you're on Fidelity.com , if
none of you click on "contact us" - try it - you may be surprised when they
do what you ask. Especially if enought people mention it.

My next goal - to get them to reduce the fee for Non-Fidelity funds from $75
to ~$25,$35.
Vanguard changes $35, why should I pay Fidelity $75 to buy the same
non-company fund ?
Wish me luck - and you can write them too !!



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Yeah, they come down as Dividend and BUY.


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wouldn't work


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In microsoft.public.money, - Bobb - wrote:

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I applaud your optimism.

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That not downloading of checks is a really nasty one with no
workaround other than hand entry.

I would hope that when you Buy or Sell a Spartan MMF, the Buy or
Sell gets downloaded.

I wonder if another workaround would be to let Money take the FCASH
position data that Fidelity sends and allow the download, but to set
the FCASH value to $0. That is to say, if it is now an MMF with a
fixed $1 value, change it (via the tricky procedure) to a mutual
fund with $0 value.



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The behavior you are describing is all Fidelity. Other brokers don't
have those bugs as far as I know. Yet Fidelity has some compensating
good points.

Money could offer a feature that says never to adjust the positions
of a particular holding.

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:g5n3d1hd0bnrv2tb3d92gicmfsdnf9sc15[at]4ax.com...
- quote -

I did do that for a while - but I have a few money markets (Select, Spartan
etc) and whenever I reconciled - got that prompt to adjust. Since I'm
entering the other money market info, I started doing FCASH also to keep it
straight.
But you're right - without writing the checks it did work fine.

Again, I'm a bit anal and think it's much better for them it fix it, than
for us to have to "make it work".
Just let cash$ = FCASH. Fidelity and Microsoft ought to be able to figure
that out - for all Money Market Mutual funds. I tell money when I set up the
fund that it's a money market, give me an option box to "make this your
default cash account?".
AND when that is an option , don't "make it available as a new feature in
Money 2009 " - make it a reg hack/update to download from Broker/Money
website.

Thanks again,
Bobb

I interpret the key statement "depending on how the fund is modeled at
the financial institution" to mean: The FI chooses one of the three
different ways, and they configure their systems to send transactions to
be consistent with the choice. And you obviously don't have a choice
in the matter (that I can see). What you also do not get is a distinct
indication or flag in Money that says FI#1 is implementing option 2,
'Sweep account within an investment account'.

Note that FI above means Financial Institution, not Fidelity
Investments. Also, that last sentence in the above paragraph is
important for Fidelity, because I have yet to figure out exactly which
option they use (for my accounts). And, from what I've read on here, it
sounds like different people get different results with Fidelity.

I'd love to get a definitive answer on this, but it remains a mystery
for now.


- Bobb - wrote:
- quote -

In microsoft.public.money, - Bobb - wrote:

- quote -

This method should work for you if I understand what is happening:
If Money never downloads FCASH Buy or Sell transactions, you can let
the balance in the cash transactions register represent your cash
including your FCASH. Do one Sell of all current FCASH. Thereafter
whenever Money offers to update the quantity of FCASH, don't let it.

- quote -

If you put the contents between the equal signs below into a file
called provlogs.reg (or any *.reg name) and run it, you will save
OFX files named *rs.txt into the same directory as your Money 2004
file:
================================================== ======
REGEDIT4

[HKEY_CURRENT_USER\Software\Microsoft\Money\12.0\On line]
"FLogProviderData"=dword:00000001
================================================== =========

Is this something that " I " can elect ? Sounds like I (and others) would
like
FCASH to = ""Sweep Account Within an Investment Account""


Bobb


"Retired Coal Miner" <...[at]...> wrote in message
news:qpOdndDY27IzDk3fRVn-sg[at]comcast.com...
- quote -

"Cal Learner-- MVP" <via_newsgroup[at]please.tnx> wrote in message
news:nd30d1ti3qqc6kuvoaduabjll5f0civbbc[at]4ax.com...
- quote -


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........... That's how I got my balance out of whack.
It adjusted my cash balance, but not the sale of FCASH to allow
for checks.
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no check - just this comment in the comment section of the transaction:
CITICARD PAYMENT-CHECK PYMT Chk# 0423 (By the way my check was not
#423)

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Fidelity download / Money did not "SELL $1000 of FCASH" to generate the "
cash " to pay this check. It just shows as -$1000 from my cash transactions,
and since I had other info in the register, it was not until I went to
balance my account a few months layer that I noticed the discrepancy.

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like M2001 MUCH better than M2004 for that) , the category, and import it
all easily AND I can see what happened. I dload the OFX version for M2001
and the QBX version for M2004 - works great. (that way a doubleclick on the
file opens the correct program automatically.)
If I want to review for any reason, I have the file offline. - next time ,
just overwrite them.

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I'm never 100% clear on how Fidelity does it. But, I always try to
relate it to this, the model (from OFX Ver 2.0) that both Money and
Fidelity are supposed to follow:

================================================
13.5 Money Market Funds

Money market funds can be handled in one of three different ways
depending on how the fund is modeled at the financial institution
- Separate account at the financial institution
- Sweep account within an investment account
- Position within an investment account

13.5.1 Separate Account at the Financial Institution
In this case, the money market fund is in its own account with its own
account number, distinct from the investment account. In OFX, you should
model the money market fund as a separate money market bank account; see
Chapter 11, "Banking." The banking <STMTRQ> request aggregate and
<STMTRS> response aggregate will be used to download transactions.

13.5.2 Sweep Account Within an Investment Account
OFX uses the money market as a “sweep” account, where cash is “swept” as
needed when buying and selling securities. The money market fund does
not have its own account number. The customer sees the money market fund
as an investment-account cash balance. In OFX, checks, ATMs, electronic
fund transfer, deposit, and withdrawal transactions should be downloaded
using banking transactions within the investment account. However, the
sweep transactions in and out of the money market fund should not be
downloaded to the client.

13.5.3 Position Within an Investment Account
The customer purchases the money market fund and is held in the account
as a position. The money market fund does not have its own account
number. In OFX, the money market fund should be returned as a <POSOTHERposition in the <INVPOSLIST> , with a <UNITPRICE> of 1.00 and <UNITS> as
the current value of the position. Purchases and redemptions should be
modeled as <BUYOTHER> and <SELLOTHER> transactions with a <UNITPRICE> of
1.00 and <UNITS> as the transaction amount.
================================================

I'm never sure which of the three ways Fidelity models it.

In microsoft.public.money, - Bobb - wrote:

- quote -

I understand you are referring to a Fidelity only.

In an IRA, they let you use FDRXX rather than FCASH. That works
well, except that I need to convert the downloaded Dividend
transactions to ReinvestDividend transactions each month.

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If Money wants to do an AddShares of FCASH based on the downloaded
balance, you could get into the habit of selecting the radio button
"No, do not update my account. I will make any necessary changes
myself."

While that would be extra work, would that work around the problem
by letting the cash balance represent the swept funds? Or is there
some additional problem?


- quote -

That is weird. I would expect the checks to appear as transactions
into the Cash Transactions register, and not appear in the
Investment Transactions register.


- quote -

Would that be so that you could munge the file before importing, or
would it be to analyze what is happening? It is possible to have
Money save a copy of the OFX files that it processes.

- quote -

On the plus side, their OFX server is very fast and reliable.

I dropped an online note to Fidelity about this earlier in the week.
For others using Fidelity, please drop them a note to complain - otherwise
nothing will happen.

The real solution would be to have Money let you assign a symbol to the
"Cash" account.
Everyone who uses Money and has a brokerage account runs into the same
problem - it's a nuisance.
I just "buy" FCASH monthly - otherwise get a statement error whenever I sync
Money to "connect to broker -"Online Services" .

I recently noticed that may balance didn't match Fidelity's statement and
then realiazed that it didn't download checks that I wrote against my money
market account . They show online - but not in download. It drove me nuts
trying to track how/why. I've been with them for years but never wrote
checks until a few in April. They showed as line items in my register but
not as "spending money " - no deduction - looked like a trade - no check
numbers.

My bank downloads as checks - with numbers .
I'd also like to download/save Fidelity to an ofx file from their website -
like my bank has.
My bank lets me view it online and then elect to download as Money or
Quicken format.
I download/reconcile my banks's savings , checking account in about 5
minutes - perfect.

Bobb
==================

"Ron Rosenfeld" <ronrosenfeld[at]nospam.org> wrote in message
news:1cdvc1l2jgn662qgf90hncfm4p4q5nfvr0[at]4ax.com...
- quote -

In microsoft.public.money, Steve wrote:

- quote -

I think Ron put "sold" in quotes to indicate he entered a Sell
transaction in Money to have the funds represented as cash in the
Cash Transactions account, but did not enter an actual Sell at
Fidelity.

I don't think anyone intends to leave real cash in the core account rather
than buy FDRXX, or similar. My intent is simply to ignore the buy/sell
transactions in Money, because I know they're happening in the background.
From my perspective those transactions are noise. A money market share with
a value of $1 is still $1. The difference is the dividends earned, and I
still get and record those.

YMMV.
--
Chris Cowles
Gainesville, FL


"Steve" <sjcohen730[at]aol.com> wrote in message
news:1120921581.835914.163140[at]g14g2000cwa.googlegroups.com...
- quote -

As you probably know, FDRXX pays a higher rate of interest than the
core cash account does. It probably doesn't mean peanuts UNLESS you
maintain a large amount of liquid cash. Steve

On Fri, 8 Jul 2005 21:58:34 -0500, "David" <not[at]gonnahappen.com> wrote:

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I occasionally get them that way, and it's a real PITA. It's much easier when
the funds just go into the associated cash account.

I think the last time that happened was last March. It continued for a while
but hasn't happened in a few months. So I've "sold" my FDRXX back into my cash
accounts. Hopefully it'll stay that way.


--ron

No. Only dividends. I prefer it that way, too.

"David" <not[at]gonnahappen.com> wrote in message
news:8pmdnTAvPeXBoFLfRVn-uQ[at]giganews.com...
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Chris,

Do you get FDRXX purchase and sales transactions in Money? Mine only show
up on the Fidelity website, not downloaded to the app. My question is from
some previous posts it looked like others were getting them, and I am not
currently. Please let me know if you get the transactions and ignore them,
or just don't get them at all. Thanks again for you response.

-David

"Chris Cowles" <NoSpam[at]For.me> wrote in message
news:OQ0KhfChFHA.1412[at]TK2MSFTNGP09.phx.gbl...
- quote -