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I have had VG a/c locked on Friday evening, but could get them working again only on Monday, 8:01 AM ET. And the VG Rep didn't think that there was anything unusual about this although my weekends were ruined.
After it happened 3x, I just changed …
OEF prices aren't affected by inflows/outflows.
Premium/discounts of ETFs are affected a bit by inflows/outflows.
Premium/discounts of CEFs are affected a lot by inflows/outflows.
I found these links for VG OEF to ETF conversion (tax-free),
https://militarymoneymanual.com/convert-vanguard-mutual-funds-to-etf-online/
https://help.m1.com/en/articles/9332002-can-i-convert-my-vanguard-mutual-fund-shares-into-etfs
Vanguard allows tax-free online conversion from its OEF to the ETF class, but not the reverse.
To do this at other brokers, be very careful with your instructions. A simple sell-OEF & buy-ETF will have tax consequences - & may be irreversibl…
Looking at the total assets of OEFs and ETFs (ICI data) as of 11/2024,
OEFs 73.42%, ETFs 26.58%.
But there are record amounts in the money-market funds, 16.92% of the total OEF + ETF assets, but that's all in OEFs, nothing in ETFs. Taking out the …
@Old_Joe, some may have subscriptions for (old) M* Legacy Portfolio and (new) M* Portfolio. So, those people may stick around at least until their subscriptions end. There is little value in cancelling and asking for refund.
Some posters have free …
I left M* Legacy tab open for a while and it had this message:
504 Gateway Timeout ERROR
The request could not be satisfied.
We can't connect to the server for this app or website at this time. There might be too much traffic or a configuration e…
I was taking RMD on Jan 2 or 3. But in 2020, the pandemic year, the RMDs were waived - first for those who took it after February or March, and finally for all around mid-2020. So, I was kicking myself for 5-6 months in 2020 for taking RMDs too earl…
Good that the regulators caught up with Capital One/COF. I posted about this problem a while ago.
https://www.mutualfundobserver.com/discuss/discussion/comment/159297/#Comment_159297
Barron's doesn't think that it would hurt COF & DFS merger.
h…
Firms have different screens for RMDs and regular withdrawals. There are more options available for regular withdrawals.
So, I just subscribe to firms' RMD calculation services, if available, but don't rely on them for any distributions. I just use…
@dtconroe, do you have Medicare or Medicare Advantage? Once you start Medicare, you cannot contribute to hsa, But you can continue to draw from hsa.
My question was misdirected to @dtconroe. It should have been to @bee.
Great chart at the end. It fits with the TR equation:
%TR = %Dividend_yield + %Earnings_growth + %Change_in_P/E.
So, if the starting P/E is high, the 3rd term will likely have a negative contribution.
I searched for DMX and didn't find any announcements or mentions at MFO or BB. It seems to me that a new active etf from a well-known provider is a notable event.
DMX - website info https://doubleline.com/funds/multi-sector-income-etf/
DMX Prospectu…
Institutional TRAIX (ER 0.59%) should be compared to Institutional ITRIX (ER 0.64%). M* shows T/A for both , meaning institutional funds with qualified access. They are out for retail IRAs.
Good points by @msf.
ITRAX / ITRIX looks like a clone - T Rowe Price is listed as a subadvisor. Giroux keeps holdings almost same as PRWCX, but there may be tiny variations. It's part of "Voya Investor Trust" that has several externally subadvised …
DOGE clips itself as reality sets in - talk was cheap.
https://www.cnbc.com/2025/01/09/elon-musk-says-doge-probably-wont-find-2-trillion-in-federal-budget-cuts.html
PRWCX classes are PACLX, TRAIX.
Voya offers PRWCX or its classes under its own wrappers/tickers ITRAX, ITRIX, etc (5 classes) so that it can set its own (higher) ERs - most for Voya 401k/403b. Another name for such funds may be feeder funds.
Teddy Roosevelt said, "Speak softly and carry a big stick" & his actions were very manipulative in Lat Am.
The opposite may be talking it out loud?
https://en.wikipedia.org/wiki/Big_stick_ideology
Looks like a missed reporting for PRWCX, so yesterday's stale price is shown by quote services - even by T Row Price website. Looking at TCAF and PRCFX today, PRWCX cannot be 0%.
https://finance.yahoo.com/quotes/TCAF,PRWCX,PRCFX/
Car oils are dual-rated 10W30 (thick or heavy), 5W20, 0W20 (thin), etc. The 1st number is the Winter rating, the 2nd the Summer rating.
The car oil blending is a compromise - even the natural car oils are blends. Pure natural oils tend to have sin…
Some companies do allow in-service rollovers from 401k to IRAs, but most don't. Check with your HR.
If "individual 401k" means "Solo 401k", different rules may apply.
FDIC & NCUA
FDIC started in 1933, NCUA in 1934. While the FDIC has taken the lead in banking regulations that are more complex, the NCUA has followed with similar actions applicable for credit unions (CUs). The basic idea is not to create confu…
Most insurers require auto + home combo before they will consider an umbrella policy. For various reasons, our auto & home insurance are with separate insurers.
Reverse mortgages have issues. They are expensive to set up. They may use only 50-60% of the equity to give the bank a margin of safety. It should be seen as a last resort option.
If workable, legally sell the house to a relative or trusted friend …
Lifetime income = annuitization
But annuities and annuitization are unpopular terms now.
The industry has moved on to lifetime income or guaranteed income.
The irony is that basic SPIA bought online may be good for lot of retirees. It's the expe…
The news is that the WEP & GPO repeal bill will be signed on 1/6/25 (Monday).
SSA also has put some information on its website. It says that after the bill becomes effective, the SSA will recalculate the benefits for those who have filed & …
Several people have mentioned that they plan to leave detailed written instructions for their spouses to follow.
I informally help several friends. IMO, those written instructions won't be effective.
A spouse who has not been interested in finan…
Both TRBCX and TBCIX had high distributions, so there won't be relief from CG distributions from class conversion.
Ex-div 12/12/24
TRBCX distribution $16.9089, reinvestment price $193.34
TBCIX distribution $17.1255, reinvestment price $194.51
Of …
