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.
And in "exchange", Hyundai will start using Amazon Alexa and Amazon AWS cloud. This looks like an extension of several online car buying services that have tie-ins with the local dealers. Of course, the scale would be huge.
It won't be direct from …
An update.
PV PWR is less commonly used, so I have stopped using it in more recent data.
PV SWR is the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment without the portfolio runni…
Some discussions at M* point to issues from Infosys McCamish Insurance software,
https://www.infosysbpm.com/mccamish/about/history.html
https://www.plansponsor.com/infosys-cybersecurity-issue-hits-ascensus-newport-nonqualified-platforms/
May be one of you guys can post when M* recognizes the ticker, QLTY. I am not able to track it in my M* portfolio.
M* Quotes [and M* Portfolio (old), but not M* Investor (new)] do recognize it now but there are lots of blanks, https://www.mornin…
@Observant1 mentioned this high CG distribution earlier - JPEAX, JPECX, JPDEX, JPELX (AUM $853 million)
How can things go so wrong in a "Tax Aware" fund? Of course, heavy redemptions and/or manager incompetence.
JPM is also mad and is just shuttin…
Partial TIAA outage continues. A poster at M* received this email from TIAA today:
"Important Information about a Vendor Cybersecurity Event
Dear Policyholder,
We want to make you aware of potential delays you may experience with the servicing of…
@BaluBalu, from its SAI, QLTY looks transparent.
"The Fund’s entire portfolio holdings are publicly disseminated each day the Fund is open for business through financial reporting and news services including publicly available internet websites. In…
TCIFX is the "Wellesley" version with 30-50% stocks, 50-70% fixed-income. Ticker TCIFX is not recognized by MFO, M*, Yahoo Finance, but Bloomberg shows it as pending. https://www.bloomberg.com/quote/TCIFX:US#xj4y7vzkg
The SAME 2 managers (Giroux, …
@WABAC, it's the non-selectivity of SC indexes that is the problem (not just Vanguard index funds). This is true of R2000 and Extended-Market/Completion indexes (Total market minus SP500 or R1000). In being comprehensive, these SC indexes have lots …
I logged into TIAA again today, Sunday, 12:45pm (Central), 11/12/23..
I see the same message still, "We are currently experiencing an operational outage with one of our vendors, and the systems are unavailable, with no estimated time for resolutio…
One risk with bonds is that they are "contracts" and those can be subject to interpretations by courts and/or governments.
Look at the recent fiasco in Switzerland with the AT1 bonds. These are risky bonds that can be counted as bank Tier 1 capital…
@Crash, there is NO LIMIT to what you can give to your OTHER HALF (but different rules apply for noncitizen spouse).
These rules are for nonspouses - kids, grandkids, relatives, friends, the MFO posters you like (-:).
Those interested in Fido HY FAGIX (not pure HY) and its manager Mark J Notkin may note that he also runs a "leveraged-company" stock fund FLVCX and is also responsible for the HY sleeve of Fido multisector FADMX.
Annual gift exclusion for 2024 was increased to $18K (per individual, per beneficiary).
The same is also the annual contribution limit for 529s , although there is a 5-yr pull-forward provision that can allow 5 x 18K = $90K into 529 right away.
…
I did some research on Boaz Weinstein & Saba. Guy has an interesting background. He is a hedge fund "genius" but question is whether his magic translates into his public/listed funds. This doesn't always work - look at Robert Goldstein and his f…
In Q&A, Powell firmly rejected what the climate-protesters wanted him to do - use the Fed to force banks to somethings that haven't cleared the Congress. Somewhere during the interruption, he also dropped the F-bomb and that is all everyone seem…
@Observant1, M* has ANOTHRER piece on "Covered Call Funds" by the SAME author.
https://www.morningstar.com/markets/why-are-covered-call-fund-yields-so-high
ETFs have creation/redemption mechanisms for authorized participants (market makers, think of them as wholesalers). They can trade in-kind with stock/bond-baskets in lots of 50,000+ shares. So, if one wanted to buy multiple times of the daily volume…
@Jan, that doesn't sound right.
You can rollover/direct-transfer 401k/403b into a Traditional IRA at bank or fund family or brokerage. Find out where is the problem - at Fido or Ally, then ask for a supervisor. Transfer to bank IRA may be less comm…
I think that list includes acquirers as well as acquired and bankrupt banks.
I had an a/c at NetBank when it failed. Its buyout by EverBank had fallen through. As part of the FDIC rescue, it was acquired by ING Direct (anyone remember that?), and t…
PV does have "Month-to-Month" option in addition to "Year-to-Year" option.
FAGIX is a good fund that may be misclassified as HY. Up to 20% nominal can be in equities, but when high correlation of HY with equities is accounted for, it may as well be…
Saba is doing a tender offer for 45% of GIM and will rename it SABA. The AUM is $437 million. It will become a big fund for Saba (existing ETF CEFS & CEF BRW).
Twitter LINK
https://www.cefconnect.com/fund/GIM
Edit/Add. https://www.businesswir…
@Mona, I used annualcreditreport.com for years. It required accessing the credit bureaus from annualcreditreport.com portal only. It provided credit reports but not the credit scores - I could pay some to get those. Then, 1/yr restriction. As my wif…
Byron WIEN who passed away recently at 90 (1933-2023) had this philosophy on predictions (and he made many) - they were meant to be thought-provoking contemporaneously and it didn’t matter whether they turned out to be right or wrong (and he didn’t …
Lower volatility or downside of JEPI comes from other things (not call writing) - in the SP500 universe, it finds undervalued stocks with lower volatility. M* shows %equity at 85%; rest 15% is used to support equity-linked notes (ELNs), securities l…
Intuit want Mint users to use Credit Karma. There are other budgeting apps too.
I do use Credit Karma for FREE credit monitoring at Equifax and TransUnion, but have never used a budgeting app.
https://www.pcmag.com/news/intuit-to-scrap-mint-and-mov…
Covered-calls don't offer downside protection (beyond the small premium received). If they buy puts for downside protection, that would cut into call-writing premium, i.e. the fund income. Only those ETFs that are offered for hedges may use calls an…
It was a GLOBAL rally.
"FOR THE WEEK (index changes only), DJIA +5.07%, SP500 +5.85%, Nasdaq Comp +6.61%, R2000 +7.56%. DJ Transports +7.06%; DJ Utilities +5.80%. (Rotating spot long Treasury TLT +3.86%) US$ index (spot) -1.40% (remains too strong …
Stuff didn't add up, so I did some snooping around.
First, Jacob Internet JAMFX (12/1999- ; ER 2.02%, min $2.5K) is the ORIGINAL dot.com era hot fund that crashed-&-burned-&-burned-over. It is still around as a fund even smaller than its sh…
No single location for 12 Fed Bank press/media info. You would have to go to EACH Fed Bank site and look under Press/Media for schedules. For example, here is for NY Fed Prez,
https://www.newyorkfed.org/press#public-engagements
To go to 12 Fed Bank…
@BaluBalu, great catch!
It seems that nonpublic classes were launched on 7/5/23 (advisory & retirement a/c) and have gathered $2.3 billion AUM already (M* shows the total for all available classes). Apparently, all tickers have been valid since…
Reider (BlachRock), Ivascyn (Pimco), Giroux (T Rowe Price) are fund managers as well as CIOs of their respective firms. It's now part of their JOBS to talk up their firms to pickup some loose change. In fact, any fund manager on TV has some agenda a…
YBB NOTES
Rates were held - fed funds 5.25-5.50%, bank reserves rate 5.4%, discount rate 5.5%. 1 more hike is possible. Dot plots aren't policy, but just an indication of the current FOMC thinking.
QT continues at -$60 billion/mo for Treasuries, -…
