Welcome

Oct. Newsletter

By

Tagged: 90 day fee, October, Short term trading

This topic has 1 reply, 2 voices, and was last updated 10 years ago by USPFA Team.

Viewing 1 reply thread

Author

Posts
- October 6, 2014 at 6:36 pm #986
  
  Jason Klink
  Member
  
  I noticed that Fidelity Spartan Int'l Fund "FSPNX" (Listed in your October issue, USAirways 401k plan ) has an 89 day holding period or a short term trading fee is assessed. I thought we were avoiding funds with holding periods that long. Please advise me on this issue.
  
  Thanks,
  Jason
- December 18, 2014 at 4:07 pm #1041
  
  USPFA Team
  Member
  
  Good morning Jason -
  
  Sorry for the delay in getting back to you. The suggested trade was announced in the September newsletter and was just sold at this month when the holding period was over.
  
  Although we generally stay away from recommending funds that have a holding period with early redemption fees, when those funds are trending as the market leaders we evaluate each instance for the potential benefit. In this instance, the outlook for gains was greater than the possible need to get out of the fund early and only lose the 1% redemption fee.
  
  Regards
Author

Posts

Viewing 1 reply thread

You must be logged in to reply to this topic.