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.
"The Bank Deposit Program (“BDP”) is the only sweep vehicle available to most clients. Rates for sweep vehicles other than BDP are only for accounts ineligible for BDP. Any deposit balance above $20 million in an account are swept, without limit, t…
Did well using this REPOX fund in lieu of a money market in 2022 and prior. Never a single month drawdown. But the money market funds are just as good this year.
2022 was a brutal year for Emerging Market Bond Funds
FT Article
"Investors have withdrawn a record $70bn from emerging market bond funds this year(2022)..."
"Investors head for exit as rising rates in big economies and strong dollar hit sentiment..…
Sad news. These funds have been killing it this year: MAINX up 9.00% and MICPX up 8.39% YTD. And in the past 3 months, MAINX up 33.43% and MICP up 22.01%. Life has been good in Asian bonds.
ZH says:"Hedge funds and other money managers sold the equivalent of 142 million barrels in the six most important petroleum-related futures and options contracts in the week to March 8."
The hedgies were profit-taking last week at the expense of …
Regarding Roth conversion limits for high-earners, Congress chose to delay the limits for 10 years according to Ed Slott:
"In order to close so-called “backdoor” Roth IRA strategies, the bill eliminates Roth conversions for both IRAs and employer-s…
If you are not up to date on the Vanguard Patented System to Avoid Taxes, I suggest that you read:
https://www.investopedia.com/how-vanguard-patented-a-system-to-avoid-taxes-in-mutual-funds-4686985
Vanguard individual investors will be affected according to WSJ:
"Vanguard Group declined to comment on the proposal, but said “the ability of mutual funds and ETFs to transact securities in-kind is a longstanding practice that improves outcomes f…
Open a new one and close an old one. Bury the failures. Fuel the survivorship bias.
https://www.mutualfundobserver.com/discuss/discussion/49196/flip-side-hussman-strategic-endowment-fund-in-registration
"The study found that stock market returns around the world are below-average on the Monday following shifts to daylight saving."
Hulbert should have saved this article for a different occasion.
@TheShadow - You are on the ball!
I sold $25k of STATX on Thursday, 2/28/2019, and the funds are in my Vanguard settlement account today. It looks to be an orderly closing so far ...
Reminds me of 2009, when junk was rebounding and the pundits were saying that we would hit walls of ARM resets, and the credit markets would collapse again, like 2008.
