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@Anna, sorry to hear about your loss.
First, RMDs are also required for the year of the death. So, a scheduled RMD is OK. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds#:~:text=…
Trying copy-and-paste at a different time with Reply.
Barron’s Funds Quarterly (2022/Q2–July 11, 2022)
https://www.barrons.com/topics/mutual-funds-quarterly
Pg L2: It took a bear market for ACTIVE funds to shine. Over 50% of active funds outperfor…
When you log into your Treasury Direct account, you can see the details for each I-Bond: Date, Interest Rate, Amount (original), Current Value. The difference in the current value and amount is your interest. Be aware that the interest shown is net …
M* has been listening to some feedback. It has included an Export/Download feature to the new M* Investor.
6.1. Portfolio Export (Download) feature has been added. 7/8/22
Path: M* Investor/Portfolio/select a portfolio/Holdings/see More for Dow…
@msf, thanks for the correction and pointing out the difficulty of creating classes within Regular TDF fund-of-funds structure. So, may be Vanguard should have skipped the step #1 (change in the minimum required for the Institutional TDF) and should…
A short recap:
There was a Regular TDF series (with multiple classes, including its own Institutional class), and another distinct Institutional TDF series ("Institutional" was in its name) with super high minimum and super low ER. Then 2 VG events…
Bluerock TI+ Real Estate is an illiquid multi-manager interval-fund related to private real estate. Asset valuations are from appraisals. You can buy interval-funds anytime from brokers/advisors, but there are only quarterly redemption windows for s…
CME Fedwatch is a better tool for rate hike probabilities (95.1% for 75-bps hike at July FOMC) than the LV odd-makers,
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
Value players always have cash or liquid assets (e.g. large-caps) available for value opportunities. That doesn't make them market-timers.
My definition of market-timers is different. They are either all in or all out. Others vary on this. I call o…
Interval-funds don't trade on exchanges. From brokers/agents, you can buy them ANYTIME, but redemptions are LIMITED to small % (5%?) at QUARTERLY windows, if that (and at the option/whim of the sponsor)-- like Roach-Motels. That is why quote info on…
@sven, just call TIAA. It has 2 business sides, retirement plans with restrictions (for colleges/universities & nonprofits) and general accounts (for everybody) for mutual funds, brokerage (via Pershing), 529s, taxable annuities, banking, and us…
Wasn't Howard Marks gloating in 2021 that although he personally missed the boat on cryptos, his son Andrew, who now manages family accounts, was into cryptos, and that Marks was gaining a new appreciation for Bitcoin, especially because of its limi…
While it is true that prime m-mkt funds haven't had to impose gates/redemption fees, the latest m-mkt reforms are driven by the fact that 2014/2016 m-mkt rules (that had gates/redemption fees for prime m-mkt) decimated prime m-mkt funds in 2020 and …
TIAA Real Estate VA is available in eligible TIAA IRAs. TIAA uses Pershing/BK for its brokerage operations/window, so the experience isn't as good as at Fido or Schwab, but it should be tolerable for stuff you want at TIAA. The TIAA Traditional (SV)…
Barron's cover stories are long (multiple Barron's pages) and provide in-depth coverage on the topics involved. Andrew Bary's focus this week was on income/dividend investing and it may be a hit for those who are into this type of investing, but a m…
Good data!
Even though the model 60-40 (60% SP500, 40% 5-yr Treasuries) isn't typical, it gives the general idea that multi-asset funds have been BAD this year.
M* had more details citing MarketWatch (owned by News Corp/NWS, parent of Barron's, WSJ, DJ & Co, etc), https://www.morningstar.com/news/marketwatch/20220628116/oaktrees-howard-marks-is-finding-bargains-i-am-starting-to-behave-aggressively-he-s…
SC piece is by @LewisBraham
https://www.barrons.com/articles/small-cap-funds-beat-blue-chips-51656530650?mod=past_editions
Part 2 Link
FUNDS. SMALL-CAPs (SCs) have sold off sharply (-31.9% from 11/8/21 high to 6/16/22 trough) and may be resilient …
There was a recent piece in Barron's NOT to blame the middlemen/gas stations for high gasoline prices. Likewise, don't blame gas utilities for high natural gas prices. Big beneficiaries in energy are E&P companies + refineries or LNG producers/s…
I see T+1 settlement for m-mkt funds at Fido & Vanguard, just as at Schwab.
Fido SPAXX (core/settlement fund) prospectus: "Shares will be sold at the NAV next calculated after an order is received in proper form. Normally, redemptions will be …
Natural gas in the US recently was $9/MMBtu (about triple from a year ago) but is multiple times more expensive than that in Europe and Asia. In June, Freeport LNG plant in TX had an explosion and suddenly the US prices collapsed to $6+ (still doubl…
Fund Allocations (Cumulative), 5/31/22
While high market volatility continued, there were very minor changes in fund allocations, so fund investors stayed put. The changes from the last month are for a total OEFs & ETFs AUM of about $30.24 tril…
That is precisely what the crack-spreads are telling us - I posted on it in the Oil thread,
https://www.mutualfundobserver.com/discuss/discussion/comment/150168/#Comment_150168
The series funds differ in the timing of hedging implementation via options,
https://am.jpmorgan.com/us/en/asset-management/adv/funds/hedged-equity-fund-series/
What @larryB, @sma3 and I are seeing from SWVXX click within Schwab a/c is the following screenshot. It clearly says 0.60% as 7-day yield and that is WRONG, it is the distribution yield as seen in the following table of monthly distributions annuali…
@larryB, sloppy updates. I just checked in my account,
SNVXX 7-day yield 0.45% as of 4/7/22,
SWVXX 7-day yield 0.60% as of 6/27/22.
These data are either stale or wrong.
Schwab website is showing 1.07% and 1.19%, respectively. https://www.schwab.…
M-mkt ERs are quite different:
Vanguard VMFXX 0.11% (core/settlement)
Schwab SNVXX 0.35% (no core/settlement m-mkt funds at Schwab)
Fidelity SPAXX 0.42% (core/settlement) (Fido also has policy of sequentially tapping other better Fido m-mkt funds…
Portfolio Visualizer is a great site. Each PV run (linkable) provides an in-depth analysis of 3-4 portfolios or tickers (1 fund portfolios).
But PV is also trying to monetize. Basic/free signup that allowed storing portfolios was eliminated a whil…
@AndyJ, yep, all those OLD pages are now gone. See this long running M* thread,
https://community.morningstar.com/s/question/0D53o00005E8h5tCAB/m-charts-for-oefs-etfs-cefs-stocks-old-style
I am not familiar with MFO coding and the URL format change may be trivial or very tedious. My guess is former as there are already so many other changes that the MFO site has to handle -names/tickers, fund family changes, new fund launches, old fun…
Not sure where this comment belongs. If I click on a fund symbol in a discussion, an array of names of providers such as Yahoo, Smart Money, Barron’s etc. appears. The M* link, just today, takes me to the « not supported » language previously cited.…
Sorry for a naive question. I never bought Treasury bonds, and I missed this auction. Does it make sense to buy the same TIPS now at Fidelity without auction, or their price will be significantly higher?
Next 5-yr TIPS auction will be on 10/20/22.
…
A missing piece is the rate environment and here is a chart from FRED for 10-yr Treasury yields since 1/2/1962. The P/Es are related to interest rates but there is no precise formula.
https://fred.stlouisfed.org/graph/?g=QUFr
See %Loss, %Recovery chart & table here,
https://ybbpersonalfinance.proboards.com/thread/296/loss-recovery
If recession is not imminent (in 2022) but in 2023/24, it is possible that there may be a good relief rally with selloff resuming afterwa…
I can also confirm that old M* Chart pages are gone now - they generate message, "The report is no longer supported". It was good while it lasted (for 2-3 years).
