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@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 …
Examples
Period 01/1985-05/2023 (as far back as free PV goes)
Fund SWR PWR
VWINX 8.76% 5.53%
VWELX 9.77% 6.64%
ABALX 9.35% 6.29%
VFINX 10.93% 7.52%
So, in this period of about 37.5 years, the realized SWRs we…
Mandatory employer contributions (at universities/colleges & nonprofits) are different from employer matching of optional employee contributions (practically nonexistent at universities/colleges & nonprofits; that is more of 401k thing). Rul…
Wiki: "Markowitz.....optimization.....optimal mean-variance portfolios..... In 1954, he received a PhD in Economics from the University of Chicago with a thesis on the portfolio theory. The topic was so novel that, while Markowitz was defending his …
401a allows employer & employee contribution. So, those could be combo mandatory & optional plans.
401k/403b are optional plans with employee contributions.
All of this is under the IRS code section 401 and within it are subsections 401k, …
@MikeW, LSLTX does mild sector rotation with top 3 sectors now being techs, consumer cyclicals, industrials, accounting for 58% of tiny fund assets. This strategy never became popular and not many such funds exist anymore. You also noted its high ER.
@MikeW, for LSLTX (seems the only class) Fido shows AUM range of $9.50 (2020) - $19.86 (2017) million for 2014-23; now $11.89 million.
https://fundresearch.fidelity.com/mutual-funds/view-all/527289201?type=sq-NavBar
How about 2,844 ETFs in 2022?
The total US market (W5000) has only 3,480 stocks now.
https://assets-global.website-files.com/60f8038183eb84c40e8c14e9/6462aa70ae7c2a11c83779e6_FT_Wilshire5000_IndexSeries_May2023.pdf
@catch22, 1035 exchanges are for personal annuities.
Workplace tax-deferred annuities (401k/403b/457b) can be rolled over into T-IRA - in-service cash rollovers if allowed by plans, and cash rollovers on retirement/resignation/termination from job…
403b for educational and nonprofit institutions originated much earlier and had simpler rules.
401k for corporations came later and accidently. Their rules are more complex and features more restrictive. The fear was that companies with lots of res…
It depends.
Annuities are complex because they are insurance CONTRACTS and come with thick prospectuses. But don't let that fool you.
Some low-cost accumulating annuities have all-in ERs that are less than those of typical mutual funds.
Several c…
Watch $25 for TCAF. That was the initial price and it may be supported for a while by the dealers/market-makers. Click 5-day on the Yahoo chart. Break to 24.98 so far doesn't count.
https://finance.yahoo.com/quote/TCAF?p=TCAF&.tsrc=fin-srch
Follow M* intrigues at:
For those with M* access, https://community.morningstar.com/s/question/0D53o00006ce0GGCAY/m-updates-2023
For those without M* access, https://ybbpersonalfinance.proboards.com/thread/460/updates-2023
In my quick search with M* Investor Screener yesterday, I missed some usual hybrid favorites because:
1. M* has (again) changed allocation/balanced categories to descriptors: Conservative, Moderate-Conservative, Moderate, Moderate-Aggressive, Aggre…
M* Investor Screener provides (BTW, old screener is gone) these among Gold/Silver rated:
Moderate-Allocation BLPFX, RPBAX, VBINX / VBIAX, VSMGX
Moderate-Conservative-Allocation INPFX, FMSDX, TRRIX, VSCGX
I am surprised that some usual names are …
@Derf, if you buy CDs in the secondary market (not suggested for illiquidity, except for bargain hunting), you will have the same issue with the accrued interest.
BRK is in several S&P indexes.
But it's only in the MSCI USA Financial Index, not in the MSCI USA Index. QUAL just selects from the latter. I tried to find why BRK isn't there, but couldn't find a reason as the broader index does have financial…
@Crash, were you signed in at M* Home? That signup is different from M* Discussions, although both may have the same login info.
M* Discussions https://community.morningstar.com/s/
From M* Home
M* Portfolio (Old) https://www.morningstar.com/port…
