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I'm not sure if many of us could buy this fund at par. Institutions by purchasing in mass quantities would immediately drive the bond price up reducing the effective yield to near the effective yield on the 30 year treasury .
I'm guessing that the vast majority of their assets are defined as Level 2 or 3 per fasb 157. Investopedia discusses fasb 157 and I'm sure there are additional resources that describe fasb 157 in more detail .
You can't make this up. IOFAX and IOFIX are one of the funds featured in this article. It also includes MINT which I bailed out of earlier this week as it was minting capital losses daily !
You can say to a lesser extent the same thing about ultra-short oef's and etf's. NEAR MINT GSY JPST TRBUX BBBMX FCONX FCRDX have all lost money. VUBFX ESAAX among the few with positive returns ytd.
@catch22 OT, but great job on remembering the Traditional Chinese Characters ! I had enough problems just learning the Simplified Characters(PRC Mandarin Chinese textbook) in high school !
hank RPSIX has a 13% allocation to PRFDX whereas PRSNX may have less than 1% in stocks. IMHO, perhaps PRDGX TRVLX or PRGIX could replace PRFDX since the first 3 have outperformed PRFDX .
IIRC, TDA has the longest holding period among major brokers. Fidelity. Schwab and E-Trade have 60 or 90 day holding periods to avoid transaction fees. Unfortunately, at TDA, bond ETFs may be more practical than bond OEFs.
@VintageFreak I fully agree with you! I invest with 4(soon to be 3) brokerages, and I can't imagine having to deal with fund companies paperwork and administrative snafus as well !
Not sure E-Trade clients will see any benefit from this merger. Looks like I need to transfer my E-Trade account to Vanguard to avoid the 4th quarter chaos !
Wouldn't it had been easier to donate millions of dollars to create The Hodge School of Library Science at the University of Southern California, and have his children accepted that way? (It appears that most of USC's other schools have already been…
hank I have to give you credit-I wouldn't have the patience to use TRBUX as a quasi checking account and deal with the accompanying capital gain/loss paperwork. Plus my accountant would go crazy dealing with that paperwork. I'm content to use funds …
Yes it should, based on the data presented to the right of the article. As a long time reader of Federal Employee newspapers, including the frequently inaccurate/incomplete Federal Jobs Digest, editing mistakes are all too common.
Its a cheap money market with an interest rate floor of around 1.5%. You could invest in the L Income fund which contains about 21.5% in stocks, or set your allocation to the C Fund at 5 or 10 percent of your total TSP.
I was also distressed that TDA bought Scottrade, so distressed that I immediately began partial account transfers to my other brokerages. I wanted to avoid a financial Dunkirk by rescuing my funds from TDA !
