Author Topic: Help Quickly if you can  (Read 1526 times)

SouthernLady

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Help Quickly if you can
« on: March 23, 2015, 07:03:40 PM »
Some of you may remember that I was looking for advice to get out from under an FA and what to do with a bunch of iShares and DFA funds.  I had pretty much decided to tell them to sell the DFA funds and was trying to figure out what I wanted them to buy instead and then start moving the accounts over elsewhere.  But today after the close of business I received an email from the main company that they were going to be making changes to accounts and had a new investment to better diversify and we should expect trade notices.  From the information I have been able to find out since close of business,  it appears that they are buying XT shares.  Does anyone know what these are?

I tried to google them and the only thing I came up with is probably something I don't want to deal with.

I sent an email to stop all trades on the accounts but it appears certain trades were made today.  Can I tell them to unwind them?

Finally, does anyone have any suggestions as to what to exchange the DFA shares for?  I was trying to avoid paying trading charges on the other end.

The shares are currently as follows:

IRA:
Cash TDAM US Government Portfolio   (1.49%)   

ETFs   (45.61%)   
iShares: IBox $ Invmnt GRD Corp BD ETF (LQD) (3.14%)
iShares North Ameri Natural Resource ETF (IGE)   (4.8%)
iShares Core S&P Mid-Cap EFT (IJH)   (7.26%)
iShares Russell 1000 Value ETF (IWD)   (13.03%)
Vanguard REIT ETF Index (VNQ)   (5.42%)
Vanguard CRSP US Large Cap Grow IND ETF (VUG) (12.26%)

Mutual Funds (52.89%)
DFA Emerging Mkts PTF (DFEMX)   (3.88%)
DFA US Large Cap Value Port (DFLVX)   (13.72%)
DFA US Small Cap Portfolio (DFSTX)   (7.94%)
DFA Large Cap International (DFALX)   (4%)
DFA Interm Govt Fixed Incm PTF (DFIGX)   (7.34%)
DFA Five Year Global Fixed PTF (DFIGX)   (7.13%)
DFA Short Term Ext Quality PTF (DFEQX)   (3.05%)
DFA Intl Value PTF (DFIVX)   (3.96%)
Vanguard Short Term Treasury Admiral   (1.88%)

Roth IRA:
Cash TDAM US Government Portfolio   (1.72%)

ETFs (45.55%)
iShares: IBox $ Invmnt GRD Corp BD ETF (LQD) (3.15%)
iShares North Ameri Natural Resource ETF (IGE)   (5.1%)
iShares Core S&P Mid-Cap EFT (IJH)   (7.4%)
iShares Russell 1000 Value ETF (IWD)   (12.74%)
Vanguard REIT ETF Index (VNQ)   (5.04%)
Vanguard CRSP US Large Cap Grow IND ETF (VUG)   (12.13%)

Mutual Funds (52.73%)
DFA Emerging Mkts PTF (DFEMX)   (4.05%)
DFA US Large Cap Value Port (DFLVX)   (13.93%)
DFA US Small Cap Portfolio (DFSTX)   (7.94%)
DFA Large Cap International (DFALX)   (3.99%)
DFA Interm Govt Fixed Incm PTF (DFIGX)   (7.22%)
DFA Five Year Global Fixed PTF (DFIGX)   (7.13%)
DFA Short Term Ext Quality PTF (DFEQX)   (2.82%)
DFA Intl Value PTF (DFIVX)   (3.77%)
Vanguard Short Term Treasury Admiral   (1.86%)

Taxable:

Cash TDAM US Government Portfolio   (4.22%)

ETFs (36.46%)
iShares: IBox $ Invmnt GRD Corp BD ETF (LQD) (4.2%)
iShares North Ameri Natural Resource ETF (IGE)   (4.79%)
iShares Russell 1000 Value ETF (IWD)   (14.18%)
Vanguard REIT ETF Index (VNQ)   (5.14%)
Vanguard CRSP US Large Cap Grow IND ETF (VUG)   (8.14%)

Mutual Funds (59.32%)
DFA US Large Cap Value Port (DFLVX)   (13.71%)
DFA US Small Cap Portfolio (DFSTX)   (9.5%)
DFA Large Cap International (DFALX)   (11.87%)
DFA Interm Govt Fixed Incm PTF (DFIGX)   (15.07%)
DFA Five Year Global Fixed PTF   (9.16%)

I REALLY appreciate any thoughts that any of you have as to XT or the DHF funds.  Thank you.

SaintM

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Re: Help Quickly if you can
« Reply #1 on: March 23, 2015, 08:35:46 PM »
"XT" is shorthand from cross trade.  Here is the definition from Investopedia:

"A practice where buy and sell orders for the same stock are offset without recording the trade on the exchange, which is outlawed on most major stock exchanges. This also occurs when a broker executes both a buy and a sell for the same security from one client account to another where both accounts are managed by the same portfolio manager."

The practice is generally not legal because it prevents you from obtaining a potentially better price on the open market.  All the more reason to fire the asset manager.

The manager really said it was going to further diversify your holdings???  You already have at least 15 different mutual funds.