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The SEC rules require CEFs to report the total ER including interest & leverage expenses as applicable to the common shares. This rule has been in effect since 1940s. The mutual funds/OEFs at the time pushed for this "penalty" for CEFs because t…
@MikeM, many corporations offer retail corporate notes ($1,000 denominations) with slightly higher rates. Some offer them directly & even offer check writing. But there is no FDIC protection, & in case of trouble, you become a general credit…
It's expanding ETF lineup almost across the board.
FUND SUMMARIES
GLOBAL EMERGING MARKETS STRATEGIES
Matthews Emerging Markets Sustainable Future Active ETF
ASIA GROWTH STRATEGIES
Matthews Pacific Tiger Active ETF
Matthews India Active ETF
Ma…
Only Stock Rover (SR) premium & above have portfolio transactional capabilites. Others I looked at (PV, etc) are really for portfolio analytics, so info with % weights or $amounts must be uploaded via Excel or brokerage connection (I won't do th…
Starting THIS year, Q ratings designation was removed (or, merged into regular ratings) because M* felt that those were almost as good as live analyst report. However, some flags for Q remain and I can sense a Q report just from the gobbledygook.
M…
Technically, M* X-ray within M* Portfolio still works but it's a Premium feature.
Instant X-ray was free to use by everyone. That is gone now.
The new M* Investor doesn't have X-ray.
FR/BL have long maturities but short duration due to their frequent rate resets. BUT near maturity, they also face re-fi risks in bad economic environment.
I haven't used subscription-PV. But when it allowed storing portfolios with free-PV, I recall that the stored portfolio could be edited (%) and resaved. But there wasn't any portfolio transactional capability.
On the other hand, SR has transactiona…
@Observant1 may be referring to free PV runs that are limited to 3 portfolios + 1 benchmark, so 4 total.
I keep several PV portfolios in Excel that I load 3 at a time to save data entry. PV subscription may store them - a while ago, even free PV …
I have moved on to Stock Rover (SR).
I use M* Portfolio as backup until it disappears. Some features in M* Portfolio, such as auto-updating for dividends/distributions, are/will be hard to find elsewhere. SR has only manual updating. SR says just t…
Instant X-ray link is gone from M*.
X-ray within M* Portfolio still works. M* has promised to keep it going through 2023.
I don't see any X-ray feature in the new M* Investor.
A good but incomplete history of Fidelity and its famous star managers.
Post Tsai, a young Ned Johnson III (of course related to Johnson II) ran a private/in-house Fido fund called Magellan from 1963-71 with quite spectacular performance. Ned would…
For those who don't have pensions but wish that they had one should look at low-cost SPIA (for guaranteed lifetime income). There are several online quote services. Obviously, there is tradeoff - they have to give up the principal. Some in the annui…
After the GFC 2008-09, there was some consolidation among the m-mkt funds. Current complex rules make the operation of m-mkt funds difficult. Many smaller shops shut or merged their m-mkt funds and made m-mkt funds from other firms available. But bi…
One could say that equal-weight is the oldest "factor" around. It removes the large-cap bias of market-cap based ETFs.
PV Runs are easy to link by using the "Link" click on the PV results title line. As these URLs are long, it is best to use them …
Invesco/VZ has changed the tickers for its equal-weight sector ETFs and those are updated here, https://ybbpersonalfinance.proboards.com/post/1097/thread
@Sven, at one time I thought the Fido would never do that! Now, my own large Fido 403b plan has Fido index TDFs. So, the firms have to deliver what the plans want or lose business. Let us see how long T Rowe Price can hold - my guess is not long.
Foreign small-cap universe is very different from that for the US small-caps. As Barron's noted recently, the largest telecom in some country may just be a small-cap by the US standards for LC, MC, SC.
BTW, applying a similar roll yield calculation for Treasuries doesn't yield a clear cut answer.
As of 6/30/23 EOD:
1-yr 5.40%
2-yr 4.87%
3-yr 4.49%
Breakeven yield 4.035%
So, if 2-yr 1 yr from now will be > 4.035% (it is 4.87% now), then b…
See this thread nearby on Twitter becoming "closed"/member-only. https://www.mutualfundobserver.com/discuss/discussion/61266/twitter-is-now-also-closed#latest
It has been mentioned by others. BUT I have verified it in my Fido a/c.
I have a margin a/c at Fido. But Fido is very aggressive in sending margin notices even when those aren't really required. For example, if I sell $x in mutual fund/OEF (T+1) a…
Click on the M-Mkt tab of this link to see how impressive the Fido lineup is,
https://www.fidelity.com/mutual-funds/fidelity-funds/overview
I think you are aware that Fido also has the practice of looking through ALL your m-mkt holdings, taking as…
On Averages
Averages are often misused in the financial industry. Almost everything is averaged arithmetically (i.e. simple average) when other averages such as geometric averages (for TR, etc), harmonic ratios (for P/E, P/B ratios, etc) may be mor…
@BaluBalu, see this on signin via another a/c. Basically, your needed personal info is transferred/shared. This link says what @rforno said, direct signin with username/email and password is the safest way but you have to keep track of a new signin.…
When a company has loss, P/E is negative.
If earnings are near 0, P/E can be very large.
For funds, the P/E calculation differs by data source. Some treat negative P/E as 0 and also cap high P/Es. Others may use P/E as they are.
For BRUFX P/E,
Y…
Federal Reserve is the US central bank responsible for monetary printing policy. It is also a bank regulator.
Just imagine how many people are needed to serve hot coffee at the FOMC meetings? Running the ACH electronic payment system alone may req…
BenWP, while M* and Harris are within walking distance (and Nuveen too), M* once suspended its rating for OAKBX when Harris refused to provide some data required by M*. I also don't see many favors for Nuveen.
But M* home bias for IL is genuine. It…
Barron's this week has a positive Cover story and a positive Q&A on real estate. Suggestion is to start bottom fishing cautiously. Sure, there are concerns and lots of bad news, but when everything is hunky-dory, prices would have moved up alrea…
Harris is a value boutique in Chicago. It runs Oakmark funds. It isn't known for deep bond bench. In fact, OAKBX for years had mostly Treasuries for the bond portion and that worked for a good deal of times; some years ago, OAKBX added more bond ana…
I keep a LONG Watchlist (M*, Yahoo Finance) of past, current and potential future holdings. Rarely I delete some that I never plan to go back to. It also serves as my list for daily quotes.
Feds have 20% MANDATORY tax w/h from 401k/403b EXCEPT for direct-rollovers/transfers. So, any amount withdrawn from 401k/403b for any other purpose (for RMDs, expenses, even manual rollovers) will have 20% fed tax w/h. The option via W-4R is to INCR…
On CREs,
"The test's focus on commercial real estate shows that while large banks would experience heavy losses in the hypothetical scenario, they would still be able to continue lending. The banks in this year's test hold roughly 20 percent of the …
