Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
About paying equal amounts quarterly vs one lump sum: In retirement my dad paid estimated taxes in a lump sum before the due date of the *first* quarter. The IRS was not made to wait until the end of the year and they never made a fuss.
Similarly…
I am not a tax professional. What follows is simply my experience: The fourth estimated tax payment for 2022 is due Jan 15th 2023. So you can be quite precise about what you owe by then. But... the IRS says they will not punish a tax payer who pays …
@Mona, as far as I can tell, so far, M* Investor Portfolios does everything M* Legacy Portfolio Manager does. It has more features but has not lost old features. BUT one must first convert each watchlist to a portfolio. It then migrates as a Portfol…
Thanks, @Ben, for those illuminating instructions. They were so good my conversions worked on the first try. Can't say it was something I would have discovered on my own. I did not look at M* linked instructions.
Good news. Thanks for letting me kno…
Update: Pigs Fly! I received a polite, sincere, and intelligent phone call from a Morningstar representative this afternoon, apologizing for the vague instructions for migration of portfolios and watchlists and for sending me an email message addre…
@sma3: I was as frustrated as you yesterday and at least as annoyed with Morningstar and even more so when they replied insipidly to my email messages. BUT... everything that was in my "legacy" portfolios (which it turns out were actually watchlists…
@msf: Yes, for years I entered shares owned to the mutual funds I entered in what I thought was portfolios but were actually watchlists. And it functioned perfectly well. But I found a button that allowed me to instantly convert "legacy" watchlists…
Can anyone here please explain how to convert a "legacy" watchlist to a portfolio? Morningstar is doing a good job of hiding that information. Thanks in advance.
A FEW MINUTES LATER: never mind, I figured it out.
OK, I worked it out. Apparently what I have been calling "portfolios" M* has been calling "watchlists". There is an option to migrate watchlists and that was quick and easy to use. But now M* has sent me a message about new terms. The email began l…
I also logged out and logged in again. That didn't help.
@yogubearbull. I did click Launch Investor. My portfolios are nowhere to be seen. I click on the Portfolios option on the Investor page and my only option is to create new ones. If I create a…
@yogubearbull. I did click Launch Investor. My portfolios are nowhere to be seen. I click on the Portfolios option on the Investor page and my only option is to create new ones. If I create a new one using the name I have already given to a Legacy …
The situation is currently worse than described in this thread. Morningstar is telling me my "Legacy" Portfolios have been migrated (by them) to Investor. And maybe they have but not anywhere where I can actually see them. I have sent an email to M*…
Whatever seems too good to be true has proved to be just that, at least in my life. I'm looking for the flaw here. So far the only flaw I see is that the composite rate ( [fixed rate + (2 x semiannual inflation rate + fixed rate x semiannual inflati…
So will I. Yes, transparent, informative, and friendly. Also I will no longer misread their name as "Zoo" or "Zero".
I will be sorry though see the brand Zeo go, as it dates back about as long as MFO. The shop was always transparent, informative, …
Why "Stalingrad" (now called "Volgograd")? And why would that deter Putin from further aggression? He has no regard for human life and this includes Russian lives. Volgograd has a population of about 1 million. I see nothing to suggest that the lo…
The poll problem is not Devesh's. I screwed something up in the setup but can't figure out what, and Chip is in Chicago on conference. My current plan is to wait for her return and, if we can fix the error, I will resend the link to the poll by mas…
It's back to $0 again. I wonder if it's a certain time of the day when they're settling accounts. Weird.
I think that must be right. I found it a zero in the late afternoon and 2 hours later it was back to $10.3 Million.
I voted against because after two phone calls involving consulting supervisors nobody representing M&P could tell me what I would actually be voting for. I could not bring myself to vote for something that people who worked for M&P did not …
Food for thought. Thank you.
The trust is about to acquire three funds. And now it decides to more than double the size of its board. Coincidence or response to taking on more responsibilities? If the latter, shouldn't those creating the need ha…
@msf: *Something* doesn't feel right to me. Could you say a bit more about what you perceive about the timing?
.
The timing just doesn't feel right, though.
M&P just wants to replace the current trust company with a bigger trust company, one that also holds assets for other funds.
It's so simple when put in plain English as you have. Much appreciated. It would have been nice had M&P found so…
Well then, since nothing untoward has happened with M&P since 2011, perhaps I will vote in favor of the propose change. Or not. They expect shareholder expenses to go down.... but not until shareholders pay 1/3 of the expense to make the change…
Thank you, one and all. All I can add at this point (maybe more tomorrow) is that
1) "Trust For Professional Managers" of which Mairs & Power proposes to become a series, or to "become series" as the proxy booklet puts it, seems to be *alread…
Digging deeper I stumbled upon the "idea" (something between a suggestion and a fact) that M&P wishes to transform itself into a "series" (?!) of Trust For Professional Managers. It's right there on page one of the booklet but the language is so…
Thanks everyone. More info is welcome if anyone knows what is happening at M&P.
@LewisBraham: page 14 of the booklet I was sent lists the managers of the Growth Fund. The linked document is similar to and sometimes apparently identical to wha…
So exactly where are we here? TRP works for some people but not for others???
Perhaps it works with some web browsers and not others. Possibly not with a web browser in need of an emptied cache. Sometimes that has happened to me (not with TRP).
I am not having any of these problems with TRP. I got my 1099 in the mail, it is also easily found on the TRP website once I log in. The only time I needed to talk to them on the phone I was attended to quickly and the person I spoke to was well-i…
I am finding parts of this thread hard to understand due to terminology I don't understand. First there was "weak bench". Now there is "l-t holdings". A careful web search has turned up nothing. Can someone explain what these terms mean please? Th…
For a number of the GP funds an entire year's worth of great returns have just gone "poof" in less than four weeks. That does, in my view, signal a worrisome aspect to the firm's risk management practices.
And later in the year it is possible tha…
Thanks for sharing the letter. I was going to pull the plug on my GP investments but I will reluctantly give these guys 2022 to remedy themselves from the mistakes they admitted. I continue to be concerned by the weak bench in management.
What is …
@LewisBraham: yes, these were similar to my thoughts as well. According to the phone conversation I had with a Grandeur Peak representative, Global Explorer will take the same collaborative, mutually consulting approach as Global Reach, which is li…
I had a pleasant talk with Grandeur Peak and got the answer to my question : At the outset the holdings of Global Explorer will have a lot of overlap with that of Global Reach but with different weightings. Over time it is expected that the portfoli…
Ah. I see the post now. Maybe I'll phone Grandeur Peak and see if they can answer my question. At the moment I don't see the difference between owning shares in a mutual fund that chose its investments by method A and a different fund with the same…
