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.
Minerd had a forceful personality and clear opinions. He was in the media often.
In 2017, when Invesco/IVZ bought Guggenheim's ETFs, I read that Guggenheim also wanted to sell its mutual funds. But Invesco politely said at the time that it already …
This looks like a self-standing VG ETF. There is no existing VG ST muni index fund and this filing doesn't indicate any related OEF (I don't know if there another new filing for VG ST muni index).
After all, VG's unique patent on its ETF class of …
This is interesting. If more fund companies create (or change to) ultra-ST muni, M* may have to introduce a new category. Right now, M* has only ST muni with < 4.0 duration.
M* does have taxable ultra-ST (duration < 1.0) and ST (duration 1.0-…
Strange lawsuit on behalf of individual game-players.
Of course, there is the lawsuit by the FTC. MSFT is hoping to make deals with other game-makers (Sony, etc) and convince the FTC and/or the court to clear the merger.
Almost 20% discount in AT…
The mentioned switches won't cause wash sales. Even the asset classes are different.
I am not suggesting the following, but somewhat similar switches could be:
A switch from VASIX to VTINX.
As MAPIX has become more growthy now under a newer manager…
It was a good article overall.
A couple of more points:
Beware of the trap that Medicare MAGI = AGI + muni interest. MAGI has many definitions, but the one that matters here is the one used by Medicare. A web search can only confuse.
Even at the …
If we compare SP500/SPY to equal-weight SP500/RSP, then RSP has outperformed SPY. It is probably value/cyclicals outperforming growth, and TSLA had been a noise.
https://stockcharts.com/h-perf/ui?s=SPY&compare=RSP,TSLA&id=p64563854176
The best sector has been energy (XLE) and the worst communications (XLC; with 3 of the 4 original FANG stocks, META, GOOG/GOOGL, NFLX). This can be broadly generalized to value/cyclicals outperforming growth, or DJIA outperforming Nasdaq Comp with S…
Rules for claw-backs under bankruptcy are complicated. It depends on intent, purpose and parties involved. Although 2 years is often mentioned in the media, the range be 90 days to multiple years.
Penny stocks used to under $1, but now under $5. One consequence of very low prices is that margin may not be available, institutions ignore those and delisting danger is high.
FLPSX is now mid-cap (MC), not even small-cap (SC). About 35% is non-US…
LEXCX is a bad example/ideal. It charges 0.51% (about $4 million/yr) to do absolutely nothing for an almost forever-static portfolio of 19 holdings. It's unbelievable that this has been going on since 1935 and the fund still has AUM of $794.2 millio…
Hummus is a popular Middle Eastern side dish that is made from chickpeas/garbanzo-beans. It is basically bland but can be spiced up. One can eat it with pita-bread, pita-chips, or other chips.
https://en.m.wikipedia.org/wiki/Hummus
In the MFO list of fund CGs (by @TheShadow), est for MAPOX as of 11/10/22 was in 4.93% - 5.50% range. It came out at 5.44%.
https://www.mutualfundobserver.com/discuss/discussion/60074/2022-year-end-capital-gains-distribution-estimates-vanguard-s-fi…
If your taxable income after deductions was $0, and there were no other capital gains or losses, then $1,000 tax-loss will offset fully taxable $1,000 withdrawal from T-IRA.
But if you had ordinary income from all sources, net of deductions, of $50…
Billionaires do whatever they feel like (and think later) because they have an army of lawyers on retainer and have money to burn. Most of us just follow the law to stay out of trouble.
Unless Griffin can prove deliberate intent on the part of gove…
@sma3, it does take some time to initially enter portfolios; .csv files can also be used. But then, updating transactions manually is simpler.
I imported all M* Portfolios into Stock Rover (SR). It is a bit tricky, but I have described details/ste…
Direct link to M* article that also shows that allocation/balance works best vs all stocks or bonds,
https://www.morningstar.com/articles/1128840/whats-a-safe-withdrawal-rate-today
Info that @Observant1 provided from Fido is similar to what I have seen at other places too. Please read it carefully. Banks/brokers say that if you share your login with ANYONE, they are no longer responsible. I assume that ANYONE to mean relatives…
Watch Silvergate/SI, one of the crypto banks. Its deposits are covered by the FDIC. Crypto loans are small but significant part of its business. It also has SEN-network that provides an interface or link between crypto accounts and regular bank acco…
Unfortunately, 11/30/22 distribution would be WITHIN the +/- 30 day wash sale window.
Good news is that only the distribution amount would be disqualified due to wash sale. In case of partial sale, that amount would be added to cost basis of the re…
But TIPS/real-rates moved up 4-5 bps across the board. Nominal yields didn't move much. So, inflation-expectations (nominal yield - TIPS yield) came down a bit.
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type…
Notes from Above + Powell's Press Conference
Fed funds rate +50 bps to 4.25-4.50%; (bank) reserve balance rate 4.4%; primary (discount) rate 4.5%. More rate hikes should be expected. Rates will remain higher for longer & rate cuts in 2023 are u…
I also read that QuickBooks CANNOT do mark-to-market accounting and isn't appropriate for keeping records for multi-billion dollar exchanges (cryptos or regular). I am personally not familiar with QuickBooks.
I didn't see any problems with the materials cited in the OP. But don't consider those as 2 independent sources. Dotdash Meredith owns both Investopedia and The Balance. People may have opinions about them, but at Dotdash Meredith, the former is con…
@Sven, many investors were impressed that SBF's parents were lawyers (father in security compliance law) at a prestigious university - CNBC Mr Wonderful Kevin O publicly mentioned that (KO became a PR face for FTX). SBF was good in dropping names, e…
@Old_Joe, you ARE right, it is right there in the Summary page that BTW is my starting page! But I went looking for something in the tabs, searched Schwab and also the web and those didn't direct me to the link on Summary page.
Thanks, YOU found t…
I couldn't find general account aggregation feature at Schwab.
But there is such a feature for Schwab Advisory Accounts, called Schwab Alliance program.
https://advisorservices.schwab.com/system/file/P-10672401
BTW, I don't use account services fe…
On a volatile day, ALL volatilities were DOWN: stock VIX, VXN, RVX; bond MOVE;
EM VXEEM; gold GVZ; oil OVX. In fact, several crashed by 10% or more.
This was also unusual.
CPI +7.1% WAS less than expected +7.3%. Somebody KNEW something yesterday afternoon. That would explain the sudden runup yesterday, and of course, the futures this AM AFTER the CPI report.
FRED CPI https://fred.stlouisfed.org/graph/?g=XCae
Look at the other side, or what happened to McGraw Hill that owned S&P then? It self-destructed. It now exists as private McGraw Hill Education and public S&P Global/SPGI.
FWIW, no other rating agency followed S&P.
One consequence of t…
Actually, not a bad study by Price of its own funds. M* JP noted that comparisons were with M* category averages rather than each fund's benchmark, but that would have only changed some numbers.
https://twitter.com/syouth1/status/159808843115384012…
@johnN, see
https://www.mutualfundobserver.com/discuss/discussion/59179/posting-images
https://ybbpersonalfinance.proboards.com/thread/248/posting-images
Already?
I was expecting this for 2023 Q1-Q3 after the debt-ceiling was hit.
May be the Congressional payroll should be the first to go when there are budget impasses.
@johnN, @catch22, StockCharts for $USTxy will show RSI(14). But it isn't useful in the TA sense of trading (overbought or oversold) as the rates are driven by the FOMC actions.
https://stockcharts.com/h-sc/ui?s=$UST6M&p=D&b=5&…
