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.
In mid-2010, there was a great rally in biotechs but then there were huge numbers of biotech IPOs. That basically was a big negative as many hyped and unprofitable IPOs flamed out.
It is notable that NVO is so crazy now that it has market-cap large…
The average business cycle is about 4 years; not strangely, the US Presidential cycle is also similar. So, I like to look at 3- or 5- year rolling returns, where available.
Portfolio Visualizer has a Rolling Return tab that has built-in 3- and 5- …
@Crash, you can buy Treasuries at brokerages commission-free. Savings Bonds/ I-Bonds can be bought only at Treasury Direct (TD).
Those who buy Treasuries at TD must move them to brokerages first if they want to sell before maturity. That is why, it…
@Crash, did you "Dismiss" (from Setting wheel) this Announcement? It's already at the top.
Once "Dismissed", one cannot "Un-Dismiss". If that happened, you may want to Bookmark it.
https://www.mutualfundobserver.com/discuss/discussion/58904/announc…
For TIAA-CREF (T-C) funds,
T-C G&I TIGRX / TRGIX 18.42% / 17.90%
T-C LC Value TRLIX / TRLCX 5.95% / 5.98%
Following are not large but notable for index funds.
T-C LC Value Index TILVX / TRCVX 2.52% / 2.47%
T-C SC Blend Index TISBX / TRBIX 1.46…
Funds that invest in VARIABLE rate securities tend to be less volatile (because of smaller duration) than those that invest in similar quality fixed-rate securities. Of course, they work the best in steady or rising rate environment.
This year, ju…
CVSIX has stocks, bonds and other (convertibles). It has long and short positions. M* Category is Alternatives - Relative Value Arbitrage:
"Relative Value Arbitrage
Relative value strategies seek out pricing discrepancies between pairs or combinat…
For regular Treasuries, interest is paid out every 6 mo. You can spend or buy more Treasuries. If interested in compounding, buy Zeros - most are stripped Treasuries.
2021-23 will go down the history as the WORST period for bonds. Investors and organizations (M*, etc) that have gone exclusively with bond FUNDs only for all times have done poorly. But those who have also used other fixed-income tools have done bet…
BTW, M* has greatly expanded its Analysts coverage by folding the old conputerized Q-Ratings into regular ratings. One can still guess from the gobbledygook in the report texts which are really the old Q-Reports.
@msf, good PV analyses.
For me, this started out as a broader mini-project in response to Vanguard's request to bring up several Admiral accounts for VG hybrid funds to min $50K - I posted on that. I have finally DUMPED all those hybrid funds, and …
TransUnion fined for reporting errors and misrepresentations/lying about credit locks and freezes.
https://finance.yahoo.com/news/1-us-regulators-fine-credit-141314874.html
@Sven, that is the main problem of nonselective/comprehensive indexes such as R2000/IWM and extended market/VXF. They include almost 40% SCs that are losing money.
IJR, SPSM are better SC indexes. Also active SC funds should avoid this problem but …
Enna/TIPSWatch in 5-yr TIPS auction on 10/19/23.
https://tipswatch.com/2023/10/15/this-weeks-5-year-tips-auction-offers-a-solid-investment-opportunity/
@Derf, another way to calculate TR is to use adjusted-prices between the 2 times.
So, for simplicity, assuming that from 11/1/10 (adj-price 6.93) to 10/13/23 (adj-price 9.61) is almost 13 years, the TR = (9.61/6.93)^(1/13) = 1.02547 or +2.55%. So-…
I am now in.
My approximation for the closed PRWCX is a mix of TCAF + PYLD + USFR. Don't try backtesting as there is no history. But you must, use suitable mutual fund replacements that have existed for longer.
As the sharp dip in 2020 (pandemic) and subsequent strong rebound come and go from 3-yr windows, this behavior won't be that unusual. It is dramatic for TDVFX because it didn't do much post-pandemic. M* Performance page does show 10-yr chart, and an…
OK, this is about 11/1/10. I see at Yahoo Finance,
Nov 01, 2010 9.98 9.98 9.98 9.98 6.93
But this didn't happen just on that day. It represents years of dividend/CG adjustment between 10/1/10 and now (about 13 years!). That is lot of backward-ratio…
A rare 2nd DEATH-CROSS for small-cap R2000/IWM today. 1st was in April.
There were high hopes for GOLDEN-CROSSES that turned out to be false in January and July.
The same is also seem for better index SP SC 600 (IJR, SPSM).
Bright side may be - b…
5-yr TIPS Auction is next week on 10/19/23 and est 2.46% + inflation may be good for some. Obviously, that is for 5-yr hold. That compares favorably with 5-yr nominal at 4.69%. TIPS held to maturity behave quite differently than TIPS funds.
https:/…
Looks like this happened in Feb 2023.
https://www.globenewswire.com/news-release/2023/01/05/2584151/0/en/The-New-Ireland-Fund-Inc-Announces-Results-of-Special-Meeting-of-Stockholders-Proposal-to-Liquidate-and-Dissolve-the-Fund-is-Approved.html
htt…
@Crash, check plan Drug Formulary to see which drug is preferred. I think Farxiga, Invokana and Jardiance, etc are in the same class of SGLT2 inhibitors for DM II. Ask your doctor to prescribe the one on the preferred list/tier.
In our plan (Medic…
Medicare isn't based on any inflation index. Medicare looks at its estimated expenses and then devises several IRMAA tiers annually with varying levels of subsidies. Participants pay 25% (basic, no IRMAA), 35%, 50%, 65%, 80%, 85% of the total costs.…
FBALX is classified as M* Moderate-Allocation with its nominal-equity of 62.24%. But its effective-equity is about 78.32% that should put it in Moderately-Aggressive-Allocation. Moreover, it has a growth tilt.
ADJUSTMENTS to annual Social Security payments are based on y-o-y increases in the Q3 averages of CPI-W (July, August, September readings). So, it's a snapshot that cannot account for lot of things that consumers see, or will see.
The CPI data for …
For many I-Bond holders, the decision may to hold or fold. If they bought last year, they have to wait at least 12 months, and then up to 5 years, there is 3 month interest penalty (Treasury Direct value shown is net of applicable penalty). It is be…
Considering that 2023 is turning out to be an unprecedented 3rd BAD year for general bonds (there are always some exceptions), the lesson is that cash is an important part of fixed-income (FI) allocation. Indeed, cash was trash until mid-2022 when t…
Strange that these were all UP today ^TNX, IEF; ^TYX,TLT. The underlying markets were closed, so derived prices were used. But who derived these?
https://finance.yahoo.com/quotes/^TNX,IEF,^TYX,TLT/view/v1
Edit/Add. Quotes for yields ^TNX, ^TYX are…
It's all the money that went in on net basis but then simply went to the "money heaven". Of course, some may ask to look at percentages, but the gross $s lost provide an interesting snapshot of the current times - note the types of funds that made t…
Reactions in Asian and European markets are more muted than in the US market - and even that isn't huge. I think this is based on the assumption that this may be a local issue for Israel, Gaza and Hamas (with lots of "experts" having opinions), and …
