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You will get partial month interest at sale or at end of month. If you sell all, it is important to choose the option SELL ALL; otherwise a tiny residual dividend may show up in otherwise empty a/c at the monthend.
It is tricky but there is a system to it.
Most bond funds accrue dividends daily but pay them monthly. If one sells mid-month, then one gets proportional dividends. NAV is not impacted by distribution.
Some bond funds and most equity/hybrid funds …
Actually, the ranking methodology is mentioned in the paper copy (pg 30) & the e-version. There were 6 broad categories & 106 subcategories. Barron's also opened demo a/c and trading a/c at each brokerage for firsthand evaluation. A weighted…
Speed tests are from test servers nearby.
Real web is distributed in nature. Lot of web content is distributed via regional/local hosts. So, some sites may be slow if they are not being served through a nearby host. Speed tests won't catch that.
Thing to remember is that insurance co workouts take YEARS. The state insurance system doesn't have any pool of funds and does the workout by first seeking merger with a healthy co, and failing that, by running the failed insurer itself. I had exper…
Fidelity now has simplified (or made opaque) its fees. It now shows only the Management Fees and Others, and shows Distribution/Service/12b-1 Fees as 0. The Management Fee now includes the old administration/recordkeeping fees and portfolio manageme…
What @davidsherman explained about SPC (it always redeeming SPAC shares by the close of SPAC merger deals) isn't clear at all from its prospectus or its other descriptions on websites. It is mentioned in passing within the long text of "Principal In…
PRBLX is large-blend (actually, at the border between blend and growth) with ESG overlay. M* Performance page shows other Gold rated funds in this category that includes hard to beat indexes and funds from DFA, FMI, Vanguard/Primecap.
https://www.mo…
Term ETF will redeem at NAV at termination at its prevailing price that may be higher, lower or same (i.e. unrelated) to the initial/inception price. Thinking is that it may be more diversified than holding a single bond to maturity but may act in s…
He tried his hand in lots of things, and for a while, there were some strange things under Fido umbrella.
Many may not realize (or remember) that he also ran Fido Trend FTRNX and Magellan FMAGX (when it was still private) and had great records. But…
Another thing to watch is that the 30-day SEC yield of several bond funds are beginning to exceed their TTM yields because the average weighted-prices for bonds in funds have fallen. As rate-expectations (and bond prices) move ahead of actual rate h…
Bond TR includes (1) price changes and (2) reinvestment of income, and these act in opposite ways to rate changes. So, when rates rise, #1 is negative but #2 gets stronger; the reverse when rates fall. These 2 effects approximately balance out over …
Fido (115 funds) and Vanguard funds (116 funds) at Schwab platform - this seems new and I missed any public announcement(s) if there was any. In the Screener, after you click on Fund Company, give it some time to load the funds; otherwise, it will g…
Beware of PFIC issues with Canadian gold and/or silver funds. These arise because rules differ on what physical assets the US vs foreign funds can hold.
What screen found this tiny (for 12/2012 inception), high-ER, high-minimum multi-asset fund LOGBX /LOGOX? It isn't in Stockcharts database, but is in M* (4* and Neutral-Q rating) and Yahoo Finance databases. It had a large yearend distribution - Yah…
VTMFX may be easy to replicate. Its equity is R1000 with lower dividends to simulate R1000 itself and bonds are munis, so ITM or MUB should do. I am using phone to link to PV run (1/1/08 - 2/28/22), so let see if that works.
IWB + ITM
IWB + MUB
LI…
Yep, VYM+VCIT approximates VWINX quite well. PV runs from 12/1/09-2/28/22 (12+ years). Elsewhere, other variations/refinements has also been tried. LINK
Silver production costs will vary by silver-miners. But on average, in 2020, the cash-costs for silver production were $4.73/oz, and all-in-costs $11.17/oz. Seems very profitable business with current silver prices in $20s.
https://www.silverinstitu…
The CME FedWatch tool is based on current fed fund futures quotes around the FOMC meetings and the assumption of gradual fed fund rate changes (+/- 0.25%). In the list below, more than 50% probability is used to indicate rate hike; “+” is shown afte…
Funnyman WB. He is paying $848.02 for his newest acquisition Alleghany/Y. Why such an odd price? Well, that is $850 minus the fee for Goldman Sachs/GS that Y is paying - WB doesn't think GS found him as buyer for Y and his cash offer doesn't need an…
@BaluBalu, unclear but as noted by @TheShadow, it looks like a roundtrip. In 2016, Mar Vista Strategic Growth Fund became Harbor Strategic Growth Fund, and now it is back to Mar Vista Strategic Growth Fund. Strange dealings between Mar Vista and Har…
Other funds have done similar things via fund classes - American Funds is famous for its MANY classes.
Fido has been playing around with low/no-cost proprietary funds for a while.
Oldest are the Fido CENTRAL funds run by its no-name analysts. The…
Fido Fex funds are/were 0 ER funds available to advisory accounts and other special Fido programs (Robo Fido Go, other Fido funds). This closure doesn't affect Fido retail customers.
An example is/was Fido Flex LC Growth FLCLX,
https://fundresearch…
Some here may be with TIAA. This link provides current annuitization payouts from TIAA plans; others interested in SPIA may use this for comparison. In general, annuitization from group plans at work may be more favorable than what may be possible f…
SPIAs (immediate annuities) can be bought in 80s, even 90s (certainly beyond 70s) - depends on the vender. Quote screen at https://www.immediateannuities.com/ stops at 90.
Then there are annuities with GMWB/GLWB riders. Idea is that that one could have the cake and eat it too - one can withdraw at 4-7% forever (i.e. until death) without annuitizing (i.e. holders may also tap principal). But these are VERY expensive an…
In munis, the term variable-rate demand notes/obligations (VRDN/VRDO) is used. These are long-term munis with frequent rate resets, so are considered to have zero/low durations. These may be found in active muni funds, especially those with "strateg…
@Devo's article https://www.mutualfundobserver.com/2022/03/overcoming-drawdowns/
@Sven, M* Instant X-Ray is free with M* Basic/free subscription but you cannot save the results (just tested, results can be saved as a new M* Portfolio). Access to re…
MFP donated a large amount of money to the University of Oklahoma and it named its business school as the OU Price College of Business. I checked the OU website and it has an obituary that focuses more on MFP's involvement with the OU.
https://www.…
2Y-10Y spread was only 17 bps. Yield-curve also has a tiny hump at 7-yr.
EOD chart should update soon, https://stockcharts.com/h-sc/ui?s=$UST10Y-$UST2Y&p=D&yr=1&mn=0&dy=0&id=p13919226325
Treasury Rates https…
@Junkster, T-Bills are now better than m-market funds. Buy those commission-free at Fido, Schwab, etc. There is a nearby thread on the details for T-Bills and T-Notes.
https://www.mutualfundobserver.com/discuss/discussion/59328/tough-day-in-bond-lan…
@Junkster, T-Bills are now better than m-market funds. Buy those commission-free at Fido, Schwab, etc. There is a nearby thread on the details for T-Bills and T-Notes.
https://www.mutualfundobserver.com/discuss/discussion/59328/tough-day-in-bond-lan…
