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.
Typically, Fed Chairs also leave the Fed when their Chair term expires. But there have been some cases when Fed Chair stayed on as Fed Governor.
Powell has not commented on whether he will stay on or leave after his Fed Chair term expires in 05/202…
I setup Money Transfer Lock at Fidelity: Profile-->Security-->Money Transfer Lock (ON/OFF). Only brokerage a/c are eligible, not 401k/403b. But my Fido 403b requires call each time for withdrawals (regular or RMD) and voice-ID is ON.
I will c…
Looking at flows via MFOP, GLD has had some INFLOWS, but GDX has OUTFLOWS. So, not many have boarded the gold train. It may be looked at as a positive (more people may finally join) or a negative (rally is on borrowed time).
GLD https://i.ibb.co/Xx5…
Janus Henderson/JHG now is quite different from its dog-chasing-its-tail days.
Name Janus has a mythological origin that can be for caution or look-both-ways. Janus became a case of lost (dot.com era) and found (much later).
I am a longtime holder…
@bee, those hedge-fund type performance-based fees are not allowed for listed funds by the SEC. At best, there can be base fees plus a small incentive fees (+ or -) - that has been used by Fidelity and others.
People complain about high CEF fees. B…
Zyrtec (cetirizine) and Claritin (Loratadine) are day-antihistamines that cause less drowsiness. I prefer Zyrtec.
Benadryl (diphenhydramine) is older antihistamine that causes significant drowsiness, so is a night-time antihistamine. I grew up on B…
Joshua Brown is Cofounder & CEO of the wealth management firm Ritholtz. He also posts on social-media and has podcasts, but he isn't a journalist or economist by education or training.
https://www.ritholtzwealth.com/
I am allergic to yellowjackets and bees.
Home remedies include Benadryl or Zyrtec, cortisone ointment or cream. If those don't work, call 911 to be taken to hospital emergency.
Portfolio Visualizer (PV), Morningstar and MFO Premium use MONTHLY returns as their inputs, so the details within the month are hidden/lost.
TestFol and Stock Rover use DAILY returns as inputs, so their MPT stats are different - typically higher/wo…
@Derf, Google AI says that HFT trades are almost 50% of US trading.
HFT trading is algo-trading with hundreds of simultaneous trades and with trade intervals measured in milliseconds. If you can do that on your PC, then you are in the club, but are…
Have you looked at China funds recently? They are flying.
Ex-China indexes were driven by the Fed TSP change to exclude China from its foreign indexes. That has crept into general investing arena too.
But the timing for ex-China funds seems poor. …
For FIJEX, Morningstar (M*) shows duration of 5.23 that seems high for short-term (ST) bond. So, some bonds can have long duration or maturities.
M* ST bond category is also very broad. It would be helpful if it was broken into core and core-plus, …
No jobs report this Friday - see CNBC news, but I don't see any such notice at BLS website.
https://www.cnbc.com/2025/09/29/bls-wont-be-releasing-data-including-fridays-key-jobs-report-in-case-of-a-shutdown.html
Cliffwater CCLFX is also an interval-fund (IF) - so, you have to go through an advisor & it has limited redemptions. Many hits at MFO.
https://www.mutualfundobserver.com/discuss/discussion/comment/182683/#Comment_182683
SSA was also stopping paper checks on 9/30/25 & people cannot call SSA due to DC shutdown if they didn't switch to direct deposit or ran into problems. I read that electronic payments should continue as normal.
There will be no jobs report this…
According to ETF.com, Vanguard did apply for an ETF class for an active fund around 2015, but it was rejected by SEC. Don't know what the reasons were.
"When Vanguard let that patent expire in May 2023, the filings to mimic the unique structure sta…
I took another look at iShares allocation series: AOK (30-70), AOM (40-60), AOR (60-40), AOA (80-20).
It used to have typical allocation names - CA, MA, BA, AA, but actual equity allocations were much lower than common use. Now, it seems that it ha…
AUM under these ETFs may be small, but the point is that Morningstar is gradually becoming a force in credit ratings, advisory services, & now, in indexing.
That's a long way from its beginning in mutual funds.
Many posters may have fond or b…
Barron's RETIREMENT & WELL BEING (online). The SEC panel on including private-equity/credit (p-e/c) within retail funds and retirement 401k/403b has made several recommendation (28-page report): avoid self-standing p-e/c offerings; include p-e/c…
This has also been pointed out by others - Wade Pfau, rtc.
That is, adding guaranteed-income to the fixed-income portion makes retirement income portfolios more stable and less worrisome.
Just don't overdo it (so, partial annuitization to cover b…
Big crypto ETFs have 25 bps ERs.
Bitcoin - IBIT (AUM $84 billion), FBTC ($22 billion)
Ether - ETHA ($15 billion), FETH ($3 billion)
These can be held in regular brokerage a/c.
Comey's daughter Maurene was suddenly fired from SDNY (2014 - 07/2025). She is suing DOJ.
Comey's son-in-law Troy Edwards, EDVA, resigned. Comey had 6 children & Maurene's wiki bio doesn't show relationship with Troy Edwards, but some web link…
Crypto ETFs set to flood U.S. market as regulator streamlines approvals
".....The vote last week by the SEC to adopt new listing standards eliminates the need for individual regulatory review of each crypto ETF application, allowing products that m…
Corporate Notes are still around. They are typically bought from issuing companies, but Fidelity, E*Trade, etc also offers portals.
https://www.fidelity.com/fixed-income-bonds/individual-bonds/corporate-bonds/corporate-notes-program
https://us.etrad…
SECURE 2.0 (2022) - Final IRS rules for Catchups for 401k/403b
From 2026, all catchups above the threshold at a single job must go into Roth 401k. So, below the threshold, catchups can go to 401k or Roth 401k.
Threshold used is for income in the p…
Look at one extreme example of these new income vehicles from YieldMax - NVDY.
https://www.yieldmaxetfs.com/our-etfs/nvdy/
Related to Nvidia/NVDA is call-writing etf NVDY, and the StockCharts shows distribution-adjusted NVDY, actual prices _NVDA a…
M* uses its own indexes for benchmarking funds in its Quote pages, M* Legacy Portfolio, M* Portfolio.
Then, it licenses its indexes to others in US, Europe, Asia.
A quick web search found following ETFs that have Morningstar in their names:
First…
