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No. of Recommendations: 1
island

Good girl. You'll find that doing it yourself a snap. And I've heard very good things about Fidelity.

You probably know that Fairholme is a well run fund with apprx 20% BRK holding. I don't own it, but it is still open to new investors. Many of the good value funds are closed to new investors: Longleaf, Third Ave, Tweedy, and Weitz (I believe) are closed.

I know that most feel that you shouldn't try to time your way into a fund. But I did just that when the market opened after 9/11. Buying a fund when the market is low does make a difference in future performance. Just something to think about.

Anyway .... nice going. You are going to love it.

Another thing - since you have your BRK in certificate form, I figure you might be apprehensive about the markets? If so, you might consider having a cash account rather than a margin account when it comes time to open a taxable account. Munger is the one who suggested that a cash account is safer than a margin account. (The broker can borrow your stocks without your knowledge or permission in a margin account even if you don't utilize margin. How's that? They can't do that if the account is a cash account.)

Also, if you ask Fidelity I think that they would register BRK or other stock purchases in your name rather than street name in a taxable account (not an IRA account though.) That's an alternative to taking possession of the certificates. I've not done that yet, but I understand that it can be done. It puts you highest in the pecking order if disaster should strike Fidelity. Probably not going to happen anyway...

Just fwiw .... Lethean

ps Did you find that you could transfer the bonds in kind to Fidelity?
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