A lot of Fidelity funds had a distribution this weekend and the distributions will continue weekly until 2016. I strongly suggest you not have the distributions reinvested into the fund which paid them. That represents a fund purchase of a fund you may not to buy or may be ready to sell. You have to call Fidelity to get that done.
As I reviewed the list of distributions this weekend, based on the price change in the fund (which declines by about the same amount as the distribution) I found a fund which had a distribution Fidelity did not report. I called Fidelity and verified that. In fact I made two calls at the same time. On one I indicated I was not a client and was able to talk to a representative immediately and after 3 minutes of discussion, he gave me the information and agreed it was not reported. On the other I identified myself with userid and password and waited 31 minutes to talk to a representative. It took me 5 minutes of discussion to have him come to the same conclusion. On both calls I requested Fidelity provide better phone service to customers. Fidelity has been providing rotten phone service on weekends to customers for months and I’ve written them 3 times about it without success.
David Stockman produces a Contra Corner email each day. In the one on 12/05 there was an article titled “Bill Gross: De-risk Now, Wile E. Coyote Time Is Near”. “One day the negative feedback loop on the real economy will halt the ascent of stock and bond prices and investors will look around like Wile E. Coyote wondering how far is down.” Mr. Gross is the former manager of the world’s largest bond fund who joined Janus Capital Group last year.
IBD TBP’s Market Pulse is “Uptrend under pressure” as of 12/03/15 – Not a time to buy.
IBD TBP’s Market Pulse was “Confirmed Uptrend” for only 15 days before the 12/03 change.
My current investments:
IRA#1 and IRA#2
SRetailing has a price of 108.67, a sell price of 103.24, a rank of 01, and is a Hold. (ETF – XLY)
IRA#2
SITServices has a price of 41.84, a sell price 39.98, a rank of 05, and is a Hold. (ETF – XLK)
SSoftware&ComputerServices has a price of 128.30, a sell price 121.89, a rank of 02, and is a Hold. (ETF – MTK)
SConsumerDiscretionary has a price of 36.06, a sell price of 34.44, a rank of 11, and is a Hold. (ETF – FDIS)
STechnology has a price of 121.67, a sell price of 115.61, a rank of 06, and is a Hold. (ETF – IGM) The sell price was adjusted for a distribution.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested