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.
Creation/redemption mechanism requires inflows/outflows from authorized-participants. If disrupted, the etf may move to CEF-like premium/discount - this has happened in the past.
Yes, market price deviation from NAV can result from closing new creat…
FYI - I just happen to remember (notice) that Vanguard does not have an account level setting for "Cost Basis Method" for stocks / ETFs and one has to select the Cost Basis Method for each stock / ETF separately. Of course, one can change this befo…
I am mildly interested in a lower cost prime money market. As of right now the share price of PMMF is not unchanged. It is slightly up … Does this account not have a stable share price? Is it really just another bond fund trying to market itself a…
Assuming I am not worried about the transaction fees and the minimums, should I have a preference between ATOIX and FHMIX?
For example, a good reason could be if any of you had a bad experience with the respective fund family administration, such…
Good products. Other firms are too greedy to come out with similar products first. One for competition.
@Derf,
ETFs do not work as well as MM funds for me for trading because I have to sell ETFs first before I am allowed to buy what I want to bu…
"The only person/entity who can authoritatively answer that is.. Schwab, no?"
I can talk to five different reps at any brokerage and get five different answers. I talked to two of them at Schwab before opening the thread.
of the short term variety, I like ATOIX over MEAR (best ETF to my eye) for ATOIX's near straight line chart. Their Jan distributions are nearly similar ~3%.
Edit: both ATOIX and MEAR are only ~$800M AUM funds. I bought MEAR today but any addit…
Thanks, @msf.
I guess you meant to say, "Deductibility of IRA [contribution]s is based on another form of MAGI" If so, that missing word made it difficult to understand.
As I mentioned in David Snowball's thread, I too was concerned about the new MAGA trying to raise revenue by getting rid of tax exempt status of muni bonds. I had also posted that Alliance Bernstein article. After further reflection, I think that …
Believe it or not, there was (is?) a group called Arab Americans for Trump which was very active in delivering Michigan for Trump.
I bring them up only because of the current context but I am always amused by any type of activism / activists. I …
Misplaced affections is what makes the world go around!
If human beings learn, the world will be a boring place.
There is a reason why you always have a ruling class and the ruled.
Nice pay back to the Arab Americans that switched their votes from Dem to Trump thinking he can be their friend. Go for broke chess move. These guys need to hit the history books to learn 500 years of European colonialism and the predictable theme…
David,
FD posted earlier in this thread about Tom Bowley’s positive market outlook (to mock Howard Marks and posters who quoted Howard Marks). The difficulty with opinion shopping / data torturing posters is they do not later post contrary inform…
@rforno,
Just an FYI - I wanted to check if SGOV distributions qualify for state tax exemption because its holding page did not give me the comfort. In 2022, only 92% qualified. In 2024, 97% qualified.
https://www.ishares.com/us/literature/tax-…
I am not trying to rain on them but I can buy their mutual funds without transaction fees at other brokerages and I still sold all their mutual funds before moving the IRA out.
All cults come to an end.
When autocorrection by AI is not so lame, I will know AI has arrived.
To reinforce Professor's OP, for all those getting whipped around by the political theatre, pl keep in mind that there are daily news related to earnings and economy that may b…
And note, from the author of the Commentary, Professor Snowball, in re MFO finances:
We’re modestly in the red ...
Good thing you highlighted this. As a slow reader, I tend to skip a lot in any publication. I certainly missed this.
Hopefully, mem…
Edit on 2/6: please ignore this post, as I now conclude the elimination of tax exempt status of muni bonds in the next four years as a low probability event.
******
I have been reluctant to buy muni bonds for the following reason -
Is it poss…
You knew the attack on Brian Moynihan during Trump's Davos interview / speech was just part of building the optics / act. Brian taking one for the team played along.
IMO, Scott Bessent is about the best replacement one can hope for given the ci…
+1
Now the illegal migrants and drugs can pass under the protection of 10,000 soldiers. Any agreement that does not tie to verifiable numbers is just another Houdini’s act.
Watch this Monday interview with Richard Fischer, former Dallas Fed Pres a…
You want to know who is behind this dismantling? See below.
https://www.aba.com/about-us/press-room/press-releases/new-cfpb-acting-director-2025
Always look behind the curtain.
Rick, Thanks.
Q is the old MAGA which is now consigned to the role of useful enablers. Current GOP is run by the new MAGA. I was going to call it Grand Billionaires’ Party but that confuses with the pre-Trump era. I will have to wait for someo…
@Old_Joe,
Pardon my ignorance / lack of imagination.
One of the posters has been posting GQP for GOP. What does the Q in GQP stand for?
If you do not know the answer, I will ask the poster about it when I see it next time.
$2,000,000,000,000 = $2 trillion. Bad ROI?
Edit: I see others have already corrected the numbers.
Add: Very few seem to have good instincts for reality, continually oscillating between extremes.
Tom Bowley (mentioned and quoted extensively by one of the posters) was uber bearish and sold portfolio to 100% cash on Friday (https://youtube.com/watch?v=t2QIKw-O2wg). Today, he is live streaming his webinar titled "Bearish Signals Abound: Naviga…