Okay so I started re-evaluating the funds I bought a while back and am
doing some shuffling. I have some smaller allocations in broader markets
and want to focus a little more. So I review the prospectus of each of my
funds and am confused by TCW's verbiage:

"Futher, in order to prevent excessive trading activity, the Funds limit
the number of 'round trip' transactions that a shareholder may make. A
shareholder makes a round trip by purchasing shares of a particular Fund
(through either a purchase or exchange from another Fund) and subsequently
selling shares of that Fund (through either a redumption or an exchange
into another Fund)."

Are the funds in reference to selling a fund and then buying another one
*in the same fund family?* Or is this just in general? I'm using
Scottrade and simply can't see TCW knowing if I bought a fund from another
family through Scottrade or if they communicate this through some other
means.

Obviously, round-tripping only a couple times a year is no big deal
because it's not trying to time the market or trade frequently, which is
probably why they give a certain allowance of these, but it just seems
silly to be required to have downtime in between selling one security and
picking another just because of potential market timing, even between
different fund families.

--
Phil

Okay so I started re-evaluating the funds I bought a while back and am
doing some shuffling. I have some smaller allocations in broader markets
and want to focus a little more. So I review the prospectus of each of my
funds and am confused by TCW's verbiage:

"Futher, in order to prevent excessive trading activity, the Funds limit
the number of 'round trip' transactions that a shareholder may make. A
shareholder makes a round trip by purchasing shares of a particular Fund
(through either a purchase or exchange from another Fund) and subsequently
selling shares of that Fund (through either a redumption or an exchange
into another Fund)."

Are the funds in reference to selling a fund and then buying another one
*in the same fund family?* Or is this just in general? I'm using
Scottrade and simply can't see TCW knowing if I bought a fund from another
family through Scottrade or if they communicate this through some other
means.

Obviously, round-tripping only a couple times a year is no big deal
because it's not trying to time the market or trade frequently, which is
probably why they give a certain allowance of these, but it just seems
silly to be required to have downtime in between selling one security and
picking another just because of potential market timing, even between
different fund families.

--
Phil

"Futher, in order to prevent excessive trading activity, the Funds limit the
number of 'round trip' transactions that a shareholder may make. A
shareholder makes a round trip by purchasing shares of a particular Fund
(through either a purchase or exchange from another Fund) and subsequently
selling shares of that Fund (through either a redumption or an exchange into
another Fund)."

Are the funds in reference to selling a fund and then buying another one *in
the same fund family?* Or is this just in general? I'm using Scottrade and
simply can't see TCW knowing if I bought a fund from another family through
Scottrade or if they communicate this through some other means.

Obviously, round-tripping only a couple times a year is no big deal because
it's not trying to time the market or trade frequently, which is probably
why they give a certain allowance of these, but it just seems silly to be
required to have downtime in between selling one security and picking
another just because of potential market timing, even between different fund
families.

--
Phil

"Futher, in order to prevent excessive trading activity, the Funds limit
the number of 'round trip' transactions that a shareholder may make. A
shareholder makes a round trip by purchasing shares of a particular Fund
(through either a purchase or exchange from another Fund) and subsequently
selling shares of that Fund (through either a redumption or an exchange
into another Fund)."

Are the funds in reference to selling a fund and then buying another one
*in the same fund family?* Or is this just in general? I'm using
Scottrade and simply can't see TCW knowing if I bought a fund from another
family through Scottrade or if they communicate this through some other
means.

Fidelity defines it as selling within 30 days of a purchase. They "slap
your wrists" for 1 to 2 within a year, but freeze your entire account for
3 within a rolling year. The thing that "bugs" me about the policy is
that they count it on a last in first out basis. In other words, if one
has say 100K in fund X for 10 years and buys say another 5K and then sells
say 10K within 30 days of the 5K purchase, it's counted as a round trip
trade.

The thing that "bugs" me about the policy is that they count it on a last
in first out basis. In other words, if one has say 100K in fund X for 10
years and buys say another 5K and then sells say 10K within 30 days of the
5K purchase, it's counted as a round trip trade.

"Phil" <nice@try.to> wrote in message
news:469062b9$0$24737$4c368faf@roadrunner.com...

"Futher, in order to prevent excessive trading activity, the Funds limit
the number of 'round trip' transactions that a shareholder may make. A
shareholder makes a round trip by purchasing shares of a particular Fund
(through either a purchase or exchange from another Fund) and
subsequently selling shares of that Fund (through either a redumption or
an exchange into another Fund)."

Are the funds in reference to selling a fund and then buying another one
*in the same fund family?* Or is this just in general? I'm using
Scottrade and simply can't see TCW knowing if I bought a fund from
another family through Scottrade or if they communicate this through some
other means.

I would think that when they say "shares of that Fund," they mean the same
fund, not just a similar one.

What I wonder is whether this policy prohibits you from selling a fund
after you've bought it too many times. Interpreted literally, it would
seem to do that, because it limits the number of round trips, and a
transaction doesn't become a round trip until you sell.

Fidelity defines it as selling within 30 days of a purchase. They "slap
your wrists" for 1 to 2 within a year, but freeze your entire account for
3 within a rolling year. The thing that "bugs" me about the policy is
that they count it on a last in first out basis. In other words, if one
has say 100K in fund X for 10 years and buys say another 5K and then sells
say 10K within 30 days of the 5K purchase, it's counted as a round trip
trade.

Jerry

I did a round trip within 29 days at the beginning of this year when I

"Jerry" <nospam@???> wrote in message
news:4690cb86$0$12232$4c368faf@roadrunner.com...
Fidelity defines it as selling within 30 days of a purchase. They "slap
your wrists" for 1 to 2 within a year, but freeze your entire account for
3 within a rolling year. The thing that "bugs" me about the policy is
that they count it on a last in first out basis. In other words, if one
has say 100K in fund X for 10 years and buys say another 5K and then
sells say 10K within 30 days of the 5K purchase, it's counted as a round
trip trade.

Jerry

I did a round trip within 29 days at the beginning of this year when I
removed some shares to balance my funds. I usually do this two or three
times a year. So, I counted 30 days. But I counted the days wrong, and I
think may have something to do with the settling time.

I got the wrist slap and a 90 day freeze. Being not aware of round trips,
I talked to Fidelity and he clarified the rules. I was going to ask to
lift the freeze, bit since it was in a index fund I figured to let it go.

I got the wrist slap and a 90 day freeze. Being not aware of round trips,
I talked to Fidelity and he clarified the rules. I was going to ask to
lift the freeze, bit since it was in a index fund I figured to let it go.

"since it was in a index fund I figured to let it go"
You lost me with this statement.

ETF's are index funds.
No freezes.
No early redemption fees.
No minimums.
Trade all day instead of end of day.

This is the Extended Market Index FSVEX, vs., say, a Select fund and not to

"Dave C." <myaddress@microsoft.com> wrote in message
news:LLmdnU-UfJdVFQjbnZ2dnUVZ_hWdnZ2d@comcast.com...

"Jerry" <nospam@???> wrote in message
news:4690cb86$0$12232$4c368faf@roadrunner.com...
Fidelity defines it as selling within 30 days of a purchase. They "slap
your wrists" for 1 to 2 within a year, but freeze your entire account
for 3 within a rolling year. The thing that "bugs" me about the policy
is that they count it on a last in first out basis. In other words, if
one has say 100K in fund X for 10 years and buys say another 5K and then
sells say 10K within 30 days of the 5K purchase, it's counted as a round
trip trade.

Jerry

I did a round trip within 29 days at the beginning of this year when I
removed some shares to balance my funds. I usually do this two or three
times a year. So, I counted 30 days. But I counted the days wrong, and
I think may have something to do with the settling time.

I got the wrist slap and a 90 day freeze. Being not aware of round trips,
I talked to Fidelity and he clarified the rules. I was going to ask to
lift the freeze, bit since it was in a index fund I figured to let it go.

"since it was in a index fund I figured to let it go"
You lost me with this statement.

ETF's are index funds.
No freezes.
No early redemption fees.
No minimums.
Trade all day instead of end of day.

"Ed" <friday@fishinthe.net> wrote in message
news:xTkli.3454$Y_3.2760@trnddc04...
I got the wrist slap and a 90 day freeze. Being not aware of round
trips, I talked to Fidelity and he clarified the rules. I was going to
ask to lift the freeze, bit since it was in a index fund I figured to
let it go.

"since it was in a index fund I figured to let it go"
You lost me with this statement.

ETF's are index funds.
No freezes.
No early redemption fees.
No minimums.
Trade all day instead of end of day.

This is the Extended Market Index FSVEX, vs., say, a Select fund and not
to volatile. This was a low priority item and I did not feel any pressure
to have to make a change. I usually review and do a re-balance maybe once
a quarter depending on the market.

I wanted to sell about 10% of the shares to take some of the appreciation
off the top. ETF's would be a good option.

Dave C.