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M* Fund Quickrank seems to show YTD as of today. There is no single category for bonds, but there are typical M* bond categories of corporate bonds, intermediate core, intermediate core-plus, HY, EM, multisector, etc.
BTW, in the multisector catego…
WTI shorts made lot of money in 2020 when futures went below deeply below 0. Problem was entirely local - WTI futures contracts have physical delivery (unlike Brent futures that are settles with money only), WTI contracts were expiring and Cushing, …
Inflation-expectations at FRED. One problem is that the headline inflation (CPI or PCE) doesn't include that from food, energy and housing. So, we are OK if we don't eat, don't drive and live in the woods (-:).
https://fred.stlouisfed.org/graph/?g=M…
Shale oil production was cut back drastically in 2020. Now the US shale oil producers are not rushing in to produce when they see huge backwardation in the oil futures market (it takes several months for new shale oil to bring to the market), with W…
YTD damage continues getting worse (change time to YTD in the link below if it defaults to 1 Yr). https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&id=p05528334466
Terrible sounding death-cross (50-dMA crossing 200-dM…
Point about some errors/discrepancies in brokerage info is well-taken. That info needs to be double-checked.
I find the class information on Purchase tab to be more correct and useful. Then, I know that many Class A shares are now no-load/NTF at F…
Lot of the old M* pages still work EXCEPT Quote tab, etc and old Chart tabs don't allow multiple charts anymore. Particularly, the Purchase tab works. In the page links below, change tickers in the URLs only, do not use Search box and do not click o…
Tested a buy order for PMEFX at Fido with various amounts. It gives ERROR message:
Error:(019832) The security you are trying to buy cannot be traded. You can search for tradable funds using the Mutual Fund Evaluator.
Old M* Purchase screen remains surprisingly updated for class info and most brokerage availability info. Above, I used that - started with ANNPX, found ANZAX, then verified availability at Fido and Schwab. For checking other funds, replace ticker in…
There are 22 new entries for 2022, so there should be 22 out from the 2021 list. But Barron's didn't think that was a worthwhile exercise to focus on who didn't make it this year. In most other Top XYZ lists, Barron's mentions who is in, and who is …
Also ANZAX min is $2,500
That is at Fido. BTW, Fido has eliminated min for many of its own funds.
Schwab no-load/NTF min for MOST funds is $100 (sometimes even $1) including for ANZAX.
Among the fund families, Capital Group (American Funds) had/has most Russia exposure.
https://www.reuters.com/markets/europe/us-investment-manager-capital-group-was-among-top-exposed-russia-data-2022-03-02/
"NEW YORK, March 2 (Reuters) - Capital Gr…
That is why the newer term-structure CEFs are attractive. Their discounts WILL disappear after their specified terms. So, on selloffs, these can be accumulated with more confidence than the older CEFs some of which have persistent discounts. For mor…
CEFs are the oldest form of funds around. But they are complex. So, followed mutual funds/OEFs, ETFs, interval-funds, etc. CEFs develop premiums/discounts and many are leveraged (so better know what you are doing). A newer development is CEFs with t…
There are 529 rules on who get the 1099-Q.
In any event, keep records on tracing of the money. So, in this case, your check to parents and parent's check for college tuition.
Just a flight to safety. Real-time 10-yr yield is in this chart below (rate scale 10x in the main panel). The bottom panel for 10Y-2Y spread (EOD) is with regular scale.
https://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=5&g=0&…
@MikeM, the monthly asset snapshot data presented included changes from price declines and asset outflows.
But ICI also has data on monthly (and weekly) fund flows. For January, there were outflows from all broad categories of mutual funds. The pi…
1/31/22
There is a noticeable decrease in stock allocations. These are gross industry statistics and even small shifts mean billions.
OEFs: Stocks 53.6%, Hybrids 7.0%, Bonds 21.4%, M-Mkt 18.0%
ETFs: Stocks 82.0%, Hybrids 0.6%, Bonds 17.4%, M-Mkt …
Major indexes closed the week flat/up. Closing lows were on Wednesday and intraday lows on Thursday morning. If you were watching the action on Thursday morning, Nasdaq Comp/ONEQ and Nasdaq-100/QQQ even touched the bear market territory for a few mi…
Luckily, ETFs cannot have classes. But they can come up with more ETFs, also ETNs, CEFs, if they want (I have not heard of such plans).
But some American Funds mutual funds (OEFs) have one-and-a-half dozen or more classes. It was a laugh when they …
M* article from Auguat, 2021, https://www.morningstar.com/articles/1056134/capital-groups-fashionably-late-entry-to-the-etf-party
"Capital Group, the parent of American Funds, expects to introduce its first suite of exchange-traded funds early next…
@msf, I had a professor once who insisted that if the results were claimed to be accurate to n-significant digits, then EACH step of the calculation must be rounded to n-significant digits. This may have been the limitation of the old slide-rules. I…
I have noticed several things about Yahoo Finance (YF) data:
1. Data-feed errors are generally not fixed. This I have noticed at other sites too. Reason probably is that it is pointless to correct data-feed errors manually as the next data-feed ref…
As of about 10 AM CT, major averages are below/at/near late-January lows. Only R2000/IWM is well above (it had been beaten down quite badly already). Is this the "flush" that the current Barron's mentioned? Stay tuned.
https://stockcharts.com/h-per…
M* JR https://www.morningstar.com/articles/1080326/infinity-q-diversified-alpha-worst-fund-ever
"The Verdict
Is Infinity Q Diversified Alpha the worst mutual fund ever? Many funds have lost more money. Indeed, three dozen registered mutual funds ha…
Putin is into 2 "independent" Ukraine regions for "peacekeeping" and the world is reacting with limited sanctions. This is a start of something bad.
Futures started out deep in red Monday evening but started turning around 1:30 AM CT.
Good that you are doing better than your benchmarks.
Those SVs may be helping. My rule of thumb is to prefer SVs when their rates well exceed the 30-day SEC yields of bond funds under consideration. Which SV do you have? I have some TIAA Traditiona…
Some here may have access to private-equity-like TIAA Real Estate Account VA (QREARX) within the 403b and special TIAA IRA. TIAA provides liquidity guarantee for withdrawals of any amount once/quarter.
https://www.tiaa.org/public/investment-performa…
@davfor, which "VIX"?
There are "VIX" for SP500 [VIX], Nasdaq 100 [VXN], small-cap Russell 2000 [RVX], emerging markets [VXEEM], oil [OVX], gold [GVZ].
Precede these tickers with ^ at Yahoo Finance, $ at Stockcharts.
@mona, Fido AM40 FFANX and VG LS-Conservative VSCGX would be appropriate for that mix (34% Cash, 34% US Stocks, 6% Non-US Stocks, and 26% Bonds). Clearly, no benchmark would have that much cash but you can evaluate later how your decision to hold th…
Benchmarks should be simple & stable/static. TDFs are too complicated as general benchmarks. Then, there are wide variations among the same-dated TDFs.
This is why I like previously mentioned Fido Asset Manager & Vanguard LifeStrategy serie…
