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.
I think that there is a government order/guideline for all health insurers to cover up tp 8 home tests for free after January 15. Insurers are rolling out implementations - whether by reimbursements or through regular plan coverage. All receipts sho…
2022 YTD Damage
With the selloff today, 1/18/22, Nasdaq Comp closed below 200-dMA. SP500, DJIA, DJ Transports are below 50-dMA. R2000 has been mostly below 200-dMA in 2022. Only DJ Utilities are barely holding above 50-dMA. These are seen in indivi…
There is quite a range YTD among the moderate-allocation funds (50-70% equity) with DODBX at the top, JABAX at the bottom, multi-asset FMSDX in the middle.
https://stockcharts.com/h-perf/ui?s=DODBX&compare=BALFX,FBALX,JABAX,FMSDX&id=p7643465…
I have checked the data from several sources and DODBX seems to have some good luck positioning YTD. See chart, https://stockcharts.com/h-perf/ui?s=DODBX&compare=BALFX,VBINX&id=p52082935307
MPT stats r and beta are tied to some benchmark, while ancient SD is not. There is a relation among them,
SD/SD_benchmark = beta/r,
or,
SD = (beta/r) x SD_benchmark.
All 3 terms on the right-hand side are tied to a benchmark, but when they are …
Spread in spread-products can absorb minor rate fluctuations just as your car's shock absorbers. But hit a big enough pot hole, and the shock absorber cannot handle that. See chart - USHY is the main chart, PFF (no PEF) and 10-yr $TNX are in the bot…
There are several classes of CPREX. In Barron's/Lipper database, interval-funds are shown under CEFs as "Continuously Offered" but info is very limited, mostly N/A. The Franklin Templeton site link is https://www.franklintempleton.com/investments/op…
Direct real estate fund CPREX is an interval-fund, a special type of unlisted fund that can be bought from brokers any time, but redemptions are limited. For CPREX, that redemption is up to 5% per quarter at NAV (so, may take 20 quarters (5 years) t…
TIPS are controversial. They have higher durations than Treasuries of comparable maturities, so they are hit worse from rising rates. Almost 25% of TIPS are held by the Fed, a price-insensitive buyer. And TIPS funds behave quite differently from ind…
I think that the regulators are worried about the health of the COMMERCIAL PAPER market that companies rely on heavily. Dependence on commercial paper to fund operations is not a good thing but it is what it is. This market has lost a huge buyer as …
Discussion boards develop personalities that are reflections of their site administrator(s) and/or active posters. So, MFO, Armchairinvesting, Big Bang, M* all feel different. All of these are "open" sites, so nonmembers can read discussions and ope…
That RMD table is OLD. Use NEW RMD tables from 1/1/22.
https://www.kitces.com/current-vs-new-uniform-lifetime-table-rmd-as-a-percentage-of-account-balance/
@LewisBraham has a piece in Barron's on this. My summary (advance preview):
"FUNDS. Post-Financial-Crisis reforms are not working for some MONEY-MARKET FUNDS. GOVERNMENT money-market funds are doing fine (AUM grew to $4.1 trillion). But PRIME money…
IMO, mistakes with TAA are not disastrous. In retirement, I try to maintain 40-60% effective-equity with TAA. And I have made mistakes in these markets - should have had 60% when had 40%, and vice-versa. But still, I did OK vs pure market-timers (10…
Pure timers are completely in or out based on signals.
On the other hand, tactical asset allocation (TAA) involves changing allocations suitably according to market assessments, and rebalancing simply adjusting to strategic/fixed asset allocation.
All this talk in DC about taming the highest inflation in 40 years has the fed fund futures traders spooked and they are now projecting 4 rate hikes (in Q1, Q2, Q3, Q4) at the CME FedWatch.
https://www.cmegroup.com/trading/interest-rates/countdown-t…
@BaluBalu, I don't know of ANY firm that does that.
Some may allow scheduling one-time purchase on a later date beyond the common automatic investment plans (AIPs), but that is not triggered by prices.
I was looking at the expertise of committee members:
For Equity: US, global, EMs
For Fixed-Income: US, global
Portfolio Strategy: Quantitative, EMs
Although the word "alternatives" is not in the release, I interpret mentions of " investment questi…
It looks like that DODBX will be turned into the newer type of multi-asset funds that include stocks, bonds, alternatives. It may also become more global - the current DODBX has heavy domestic orientation. These special committees have been establis…
Bounce in cyclical energy may continue near-term, but it may be a good idea to be ready to switch to clean-energy.
https://stockcharts.com/h-perf/ui?s=ICLN&compare=XLE&id=p72242071366
Oakmark Fund, Select, Global are equity funds that do hold some cash. Nygren has value stock style. Unclear what prompted him to comment on bonds. Likewise, I don't pay attention to stock talks from bond houses (Pimco, DoubleLine, etc).
If OAKBX ma…
Ironically, MS strategists have been less bullish in their market outlook but some of MS aggressive funds are stuffed with highflying techs. May be these viewpoints can coexist with high portfolio turnovers.
Why is the OP a trial post?
I have participated in discussions here and started a handful of OPs. But I do produce content that is published elsewhere. In my recent communication with @David_Snowball, I suggested that I can tryout some content here …
As @msf noted, intraday indicated values (IIV) may be for creation/redemption baskets. With refresh every 15 sec, how stale that data can be?
Note that Precidian ETFs and several others are the newer active nontransparent ETFs. These have different…
I don't have weekend Barron's yet. But I start looking for stories on Friday that may make weekend Barron's and this one is already filed under European Trader. On PC, I get online version of the weekend issue typically by Friday 9pm. That is why I …
There is a bullish story on RIO for the weekend Barron's.
https://www.barrons.com/articles/rio-tinto-stock-lithium-green-energy-51641507428?refsec=europe
That is not what gradual changes mean. That mean that when stocks go in/out of the index, CRSP does it in a few steps over a few days (unannounced).
Weighting of LCG vs LCV is what it is for total stock market and the index provider is not obligate…
CRSP indexes make gradual changes/transitions, unlike Russell indexes that make all changes on a single preannounced date.
When MSCI was a unit of MS decades ago, Vanguard was an early client. At that time, Vanguard was having issues with S&P o…
I didn't quote anything/anybody. But I think that is the general policy of through-TDFs (Fido, Vanguard, some Price, etc), but not for to-TDFs*.
Price is trying different ideas - it has 2 TDF series (older riskier, newer more conservative). In old…
Through-TDFs have approx 50-50 allocation at the designated retirement date and their equity % keeps declining for about 7 yrs. At that point, they may merge into the income fund of the TDF series.
