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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…
M* Bill Baranyk confirmed on this thread (login required) that M* portfolio will be around for 2023.
https://community.morningstar.com/s/question/0D53o00006SL6RiCAL/m-discussions-forum-links
Some stocks that are really blend may be in both growth and value indexes/benchmarks with different weights. That is why the sum of stocks in R1000-growth and R1000-value far exceeds that in R1000 (about 1,000). So, some overlap in holdings is OK.
Performance is less stable than SD, so both Sharpe and Sortino Ratios are also less stable. In fact, optimizing them may just lead to performance-chasing.
@Tarwheel, in my margin accounts (Fido, Schwab), I would be able to enter sell for TRPBX (T+1), and then right away buy TCAF (T+2) and enter buy for FADMX (T+1) without any margin interest. Some other variations may dock me with 1 day margin interes…
@WABAC, from the general description, it seems to be that your wife had an OLDER, dedicated TIAA plan (with TIAA handling all aspects) that was CONVERTED to a NEWER, more flexible TIAA plan that has TIAA only as its recordkeeper. In the flexible pla…
It's a sign of times.
Giroux is hot and T Rowe Price has put gates around him by keeping PRWCX closed to most investors. As you know, anything gated is prized now - you put gates and crowd will come looking in.
In the BB thread on how to beat PRW…
M* has Categories and Styles.
M* puts funds in Categories (on Quote pages) by taking into account the fund objectives and its own assessments. So, sometimes that may differ from what the firms may say, especially when they give wide latitudes to f…
@Devo, being contrarian, sentiment is too bullish near the market tops, too bearish near the market bottoms.
I personally don't sell much when sentiment is negative.
Attempts for sentiment-based trading haven't worked. The so-called Bull-Bear In…
My personal observation of posts at this and other forums is that the forum moods correlate well with the AAII Sentiment Survey (posted weekly here), but not so much with institutional or professional sentiment surveys.
The AAII Sentiment has impro…
But PRWCX has been closed for years. This is why there is interest in the new ETF TCAF (see a nearby thread). It is 100% equity but is managed by Giroux (who also manages PRWCX).
Of course, once TCAF has some record, its proper comparison would be …
In all-weather fund lists, I like to see some familiar names of funds that have been around for several market cycles. The screen of up 2022 & 2023YTD found several unfamiliar funds.
There are now several favorable comments on 60-40 including in this week's Barron's (Joyce Chang, JPM). 2022 was a horrible year for bonds and hybrids (also for stocks, but nothing historic). It should be better/good going forward.
Once I had Schwab app (Android) issues and I called Schwab. It recommended updating the app via Google Play and then everything worked fine. It seems that apps don't auto-update. I had similar issue with a bank app recently.
Google Play will show …
I am not in a fully-invested 100% equity camp. In retirement, my tactical asset allocation (TAA) is 40-60% equity, and due to my buys in 2022, it became higher than that. So, I am in profit-taking mode now to adjust my TAA.
My short-term fixed-inc…
The fund flows should be looked at in the context of the US IPO levels. In a bad year, there were 62 IPOs (2008), in a good year 1,035 (2021) IPOs. These were the numbers of IPOs, and I will later find the $amounts of IPOs.
So, $150 billion will ha…
On Yahoo Quote page for USAGX, just click Max (don't go in Charts) and you will see the prices mentioned by @WABAC. I thought that there may be a split somewhere but not.
https://finance.yahoo.com/quote/USAGX?p=USAGX&.tsrc=fin-srch
Both NYSE and Yahoo are reporting day volume as 190,276. So, the activity picked up near or at close.
T Rowe Price is reporting 500,000 shares outstanding. So, there must have been private placement(s) or lots of shares in dealers'/market-makers' h…
There are 2 categories, FR-inv-grade (Treasury FRNs, others), FR/BL-junk.
I think that the discussion on this thread is related to FR/BL-junk and its nature, depending on the rates, is that it shows low SDs for a while, and then unexpectedly, the S…
That is a typical creation/redemption mechanism for ETFs (affecting the AUM). Once the introduction hoopla is out of the way, most of the trading will be just among the retail customers (not affecting the AUM), as is typical for other ETFs.
As TCAF…
Not really. I use to ETFs for my hunches that, if not wrong, are often too early or too late.
BTW, GGN and GNT are active CEFs but haven't shined in golds or oil.
So, if I lose money, I want to lose it my way.
I follow gold-bullion (GLD, IAU, SGOL, etc) & gold-mining (GDX, GDXJ, etc) ETFs. The latter are 2x-3x more volatile than the former, & are more correlated with the stock market - but sometimes, they just go down-down (-:).
Some gold-miners …
anybody know inception NAV price?
You will know in less than 10 min (-:).
I have only added it to my Yahoo watchlist. That is why I knew the moment yesterday when its ticker could be recognized by Yahoo. I may add it during the next selloff.
Edit…
The CME FedWatch has to adjust a LOT to fit the Fed's narrative of possibly 2 more hikes in 2023, and no cuts for almost 2 years (Powell said so). Powell also said that he/Fed/FOMC don't want to surprise the markets, so expect lot of Fed speakers ja…
Yahoo Finance just started recognizing the ticker TCAF.
T. Rowe Price Exchange-Traded F (TCAF)
NYSEArca - NYSEArca Delayed Price. Currency in USD
Quote Lookup
0.0000- (-)
At close: 08:00PM EDT
New Listing
TCAF is newly listed on NYSE Arca effecti…
Delayed T Rowe Price ETFs to launch TOMORROW, 6/15/23 - TCAF & 4 other ETFs from T Rowe Price.
https://twitter.com/ETFhearsay/status/1669101617155538945
More
Revised Prospectus https://www.sec.gov/Archives/edgar/data/1795351/00017417732300198…
Treasury rates didn't move much; 3-6 mo is the sweet spot. Stocks saw some volatility - Powell said don't expect rate cut for almost 2 years! Does that define higher rates for longer?
https://home.treasury.gov/resource-center/data-chart-center/inter…
YBB Notes
Hawkish-hold, so the fed funds remain at 5.00-5.25%, but it could go up by 25-50 bps by 2023YE; the (bank) reserve balance rate is 5.15%; the discount rate is 5.25%. The pause now is to let the effects of Fed actions so far work given som…
My test was for Fido without login and "Dodge & Cox" or "D&C" or "DODIX" or "DODFX" pulled up BLANKs from Fido search box. Good that others pointed out that this may be a site glitch.
Has this in-kind transfer happened or are you thinking about it?
D&C doesn't seem to be supported at Fidelity platform (NTF or TF). D&C tickers don't even pull up a quote at Fido site. So, such in-kind transfer may not even be allowed.
No …
