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.
Well, if this was a stock and you shorted it 15 days ago, and covered now with purchase, you would have that profit.
But with mutual fund, after sale, you had no exposure. With the purchase, a new gain/loss clock starts.
You sold for $11,980 15 days ago. What was the purchase price of THAT (& any distributions)?
Now, you have bought again for $11,690. Your gain/loss will be determined when you sell THIS lot?
If you look at M* Portfolio pages, both Primecap VPMCX / VPMAX and Primecap Core VPCCX are close to the blend-growth borderline. Both have the same 5 managers. But only the Investor class VPCCX is available for the latter. As being run now, differen…
Email and phone verifications are common for many websites. M* is just catching up.
It may send a link via email to click on.
Phone verification sends a code to click or input.
This shouldn't affect any M* free services - not many left now.
MFO Premium now has a new tool FLOW that shows fund AUM, flow & TR. So, one can see some historical patterns.
In M* Performance tab, fund flows are shown at the bottom of the charts.
I have been in the closed VG VHCAX for years and been watching VG PRIMECAP also for years. I now have minimum+ in these reopened funds. As to why, I will worry about that later.
I don't own XLK, so that is 0.00% for me.
But I do hold LC-growth and MSFT, NVDA, APPL are top stocks in those funds.
These 3 are also top stocks in SP500 accounting for 20% of SP500.
So, this shift of about $11 billion in the next few days may …
The use of free-float in indexes is sensible as that is the float that is publicly available. So, excluded are restricted stock (held by executives, directors, connected entities, etc), closely-held stock (insiders, major holders), Treasury stock (b…
This is the likely outcome that is also reported by M* and others,
https://www.morningstar.com/news/marketwatch/20240617132/popular-tech-etf-forced-to-dump-apple-stock-buy-nvidia-in-upcoming-rebalancing
Things were really close in Friday's finish. …
Unlike stock buybacks by companies, funds with low/no distributions just retain them in NAVs. Any reinvestments are by investors.
Look at CEFs with managed-distribution policies. They have high distributions even if not earned, and then, some porti…
Defined-benefit (DB) pensions have gone away except for some federal & state employees.
But many people have found defined-contribution (DC) plans to be problematic too.
Industry response is the new guaranteed-income or lifetime-income featur…
This is only for Sam's Club members.
Although there is a single family membership, but 2 or more membership cards issued are really different and unlinked subaccounts - different logins and order histories. And each time you replace a membership ca…
Flowing distributions through NAV can be a confusing process. Account values may keep rising despite the reductions in NAV in the ex-dividend days. This is best seen for ultra-ST bond funds whose NAVs don't fluctuate much. So, the actual prices (_TI…
Federal and state tax laws are different and not always in sync. HSA isn't the only area. 529s have similar issues when some federal-qualified expenses aren't state-qualified expenses.
A huge example is that SECURE 2.0 allows rollover of some exces…
In general, mutual funds don't preannounce distributions except for the yearend distributions. It's just their practice.
But ETFs, CEFs and stocks preannounce them. And some investors play around with those but that is just noise. As things flow thr…
My latest cards don't even have a spot to sign.
I don't like flat cards. They tend to stick together, and if I am not careful, another card comes out with it. This doesn't happen with embossed cards. So, embossing was good after all, beyond the car…
On 6/13/24, market-cap ranks were AAPL, NVDA, MSFT. Would MSFT get the knife? One more day of this silly drama driven by weird XLK rebalancing rules.
6/14/24 close will determine the order, but rebalancing will happen a week later on 6/21/24.
With this AAPL rally, the market-cap ranks on 6/12/24 are: AAPL, MSFT, NVDA. If NVDA remains at 3rd place by Friday close, NOTHING unusual would happen on XLK rebalancing.
Post-Conference Notes by YBB
Rates are maintained - fed funds 5.25-5.50%, bank reserves rate 5.4%, discount rate 5.5%. Inflation target remains +2% average. Base-effects have caused a slight bump in recent inflation data. Confidence in progress on …
FWIW, DepositAccounts has A+ on "Texas Rating" for Morgan Stanley/MS. That alone should be relevant for safety of CDs from MS, not the overall rating.
There is of course FDIC coverage. But the idea is not to chase top rates in CDs but watch bank ra…
For retirement plan classes (K at Fido, R1-R6 elsewhere), minimums would apply to plans, but plans may have no minimum for participants. This is because typical purchases are from regular salary payments. These retirement classes cannot be transferr…
Not all funds are supported at Fido even when it has a deal with iShares on many funds.
iShares ST-TIPS:
BAIPX https://digital.fidelity.com/search/main?q=BAIPX
BIIPX is TF & $2 million min https://fundresearch.fidelity.com/mutual-funds/summ…
The nature of free/competitive market is that NOTHING stays at top forever. Well, maybe, Fido HSA that has ranked #1 in over a half-dozen years that I have been watching.
Brokerages have their pros and cons. I can say this because I have accounts a…
Costco gold bars/biscuits, 1 oz, are in very limited supply. They are gone as soon as the new supply is loaded. Maybe the store signs alert to the current availability.
There used to be a limit of 2 per membership, but in the current order screen, …
USFR is ultra-ST, RPHIX is ST-HY with magic sauce from Sherman (who posts here).
My high-risk assets include LC-growth and cryptos, so my "cash" is plain vanilla m-mkt funds, ultra-ST (USFR, ICSH, FCNVX), etc. No more rolling of T-Bills - USFR almo…
@Mona, both being "government" m-mkt funds are equally safe - but VG has to put boilerplate language about all m-mkt losing money. Neither has gates and/or redemption fee.
VG doesn't link m-mkt funds (like Fido), so, if you are in VMRXX, you would …
VMRXX is the old VG Prime M-Mkt. When 2014/16 m-mkt reforms happened, VG tried to get an exception because VMRXX was in retail-prime category. When exception wasn't allowed, its name was changed to VG Cash Reserves Federal & it adjusted objectiv…
@Mark, it's all about platform fees.
Schwab NTF has the highest platform fees.
Then, Schwab TF has 2 tiers - those who pay some platform fee and Schwab charges $49.99 for their funds, and those that pay zilch and Schwab charges $74.95 for their fu…
With 6/24/21 inception, the new kid on the block MCTOX / MCTDX is just hitting some 3-yr screens; both classes have the same ER. It did avoid hits in 2022. Its prospectus mentions day-trading and long-short strategies in ETFs, CEFs, stocks, so turno…
This will be in TOMORROW's Barron's. Article is available online already.
https://www.barrons.com/articles/tactical-allocation-funds-beat-market-95a77628?refsec=funds&mod=topics_funds
While the distinction between the government and retail-prime m-mkt funds is going away, Schwab retail-prime yields are comparable to others' government funds.
Schwab lags when like comparisons are made - between government funds, and between retai…
SEC loses in court to hedge funds.
https://www.thinkadvisor.com/2024/06/05/sec-hedge-fund-fee-disclosure-rule-struck-down-by-u-s-court/?utm_source=dlvr.it&utm_medium=twitter
Strong dollar hurts foreign funds held by the US investors and also the US multinationals' earnings.
There are global mega-cap ETFs like IOO; note post GFC divergence.
https://tinyurl.com/495xv6yj
Using Savings Bonds for education has many restrictions.
https://treasurydirect.gov/savings-bonds/tax-information-ee-i-bonds/using-bonds-for-higher-education/
We bought some DECADES ago, and when these "new" rules came along, our bonds didn't qual…
529 Rollovers into Roth IRA & State Incentive Clawbacks
Check your State 529 rules if these rollover withdrawals would be qualified (good) or nonqualified (bad) & whether state clawbacks would apply. IL 529 just changed rules to make them qu…
Great new data!
I noticed that once on CATFLOWS, CATFLOWSP or CATTNA tabs, most other tabs become inactive, i.e. unclickable. This isn't a big issue because multiple old tabs remain open and I could easily go to them. Don't know if this was intenti…
The 3/25/24 reverse-split problem for BERZ & FNGD noted above has been fixed. Thanks whoever! We still don't know anything about the company or the developer.
