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.
Similar Funds is a M* Premium feature. It is based on fund Categories and finds "similarity" scores for portfolios and performance. It doesn't provide holding details like @rforno is looking for. I used Pimco PIMIX and it refused to find any due to …
SEC/Edgar fund reports (semiannual, annual) would have that info going back several years, but the manual retrieving and analysis process can be cumbersome.
Many funds post holding reports but the new ones replace the old ones.
I remember Hussman funds as being famous for not doing much - like stopped clock. Also v bearish in outlook. Other choices,
Permanent Portfolio PRPFX.
Global SGENX always has exposure to gold.
Inflation-related funds have exposure to hard assets,…
Giroux (46) has been with PRWCX since mid-2006 (he was only 31 then). So, he has been through the Great Financial Crisis (2007-09), the Covid selloff (2020) and other minor selloffs in between. He may have 2-3 decades ahead of him unless he gets bor…
Conservative-allocation (CA2) 30-50% VTMFX +12.63%.
M* broke up/expanded the old conservative-allocation into CA1 15-30% and CA2 30-50%.
M* moderate-allocation is 50-70%.
These are wide variations and some of the variations in performance can be …
He should open a brokerage account(s) at Fido or Schwab.
With earned income, he should start Roth IRA.
In taxable account, he can use a total stock market fund (OEF or ETF) for now. He may also want to buy some stocks that he may be familiar with …
iShare allocation series AOK, AOM, AOR, AOA is mislabeled by a notch. So, moderate-allocation AOM is really conservative-allocation (30-50% equity) by other classifications.
Also, for active funds-of-funds, don't ignore robo-advisors that are acti…
I am disappointed by the high ERs of the new active ETFs. I don't want an active ETF at 60-80% of the ER of its OEF cousin, but I want it at more like 25-35%. That may happen when some disruptors enter this market (who?).
Remember that is what hap…
NICHX/UNIQX has interval structure and that means that you can buy it anytime but redemptions are limited to small % per redemption window (5-25% of NAV per quarter).
My relative works in security compliance at ANOTHER bank and was shocked to see the news about JPM. So, no insider view of JPM. Sorry for the confusion.
SEC requires saving ALL client communications, and that is done automatically if work emails or phones are used. But if personal phones are used, then that recordkeeping step is bypassed; moreover, WhatsApp if fully encrypted. So, the assumption is …
@msf, that 22% passive seems correct now. I just used my memory that a few years ago, the split was 2/3 rd passive, 1/3 rd active. But there has been a huge expansion on the index side, including the ETFs. I don't know how VG characterizes its facto…
Land-lease can be renewed at higher amount or land can be bought outright by property owners. It depends on the nature and state of properties. That the land-lease owner will send bulldozers to demolish properties at lease expiry doesn't make econom…
@shipwreckedandalone, too many! All VG active funds (33% of VG business) have outside advisors who may be supplemented by in-house quantitative group (like enhanced index). But Wellington Management is the biggest for VG.
Fund turnover is low. M* Quote page is not showing major outflows? So, why the huge CG distribution?
M* analyst report notes that its longtime manager left at 2020 yearend. Of course, a manager change caused a complete makeover of portfolio and hug…
I think that JR meant that VG has lost its way as an indexer.
Hardly a day goes by when there isn't an email from VG on its old robo-PAS, new robo-PAS (digital), its active funds' edge, and of course, brokerage conversion request/demand/threat ema…
I have done withdrawals from IL 529 sent to beneficiary - easy. States oversee 529 but the services are from the fund companies.
As there are thousands of colleges and universities, all 529s may not be ready to handle sending funds directly to inst…
M* star-ratings are purely based on past performance in the category and are backward-looking. So, no judgements are required for 5* ratings for BST and BME. There are no forward-looking M* Analyst ratings for BST (Technology) or BME (Health).
Bot…
I used to be in take-RMD-early camp. But then 2020 happened. When the RMD was reversed at first, it didn't apply to me because I took it too early. But later, it was reversed to include everybody and I took advantage of it. And I also joined the cam…
Be aware of the degree of liability that is in place to protect YOU.
If there is fraud, the Notary doesn't have any monetary liability. He/she may lose Notary license at best, or may just get a warning/reprimand from state.
Signature Guarantee, wh…
Yep, inherited T-IRAs are not protected as they lose connection to the protected T-IRA.
Also note that I have been careful mentioning only T-IRAs (not IRAs generically) as R-IRAs also lose connection to protected T-IRAs after Roth Conversion(s).
R…
Both of the lawyers I talked to over several years, told me that 401ks are protected, but did not mention contributory IRAs are more vulnerable.
...
For 401k/403b assets rolled into T-IRA, most of the protections of 401k/403b carryover to T-IRA.
F…
TIAA links don't work. They have .pdf endings when it should be .PDF endings. Usually, URLs are not case sensitive, so unclear why it matters. Edit/Add: Found the answer. Stuff AFTER the domain name is case sensitive, but the stuff BEFORE is not.
N…
It is LC-growth but that includes cyclical-growth too. That can lead to some mistiming as happened with its bets on airlines/travel. Currently, it seems to be sticking with some the US-listed Chinese VIEs-ADRs. So, it offers a different kind of grow…
Be aware that workplace plans including 401k/403b have the highest protections. The same is true for rollover T-IRAs with only 401k/403b funds (i.e. without any personal contributions). This protection is available without doing anything.
But a com…
IMO PCI and PKO held at loss can be swapped for PDI today, Dec 10 until 4:00 PM Eastern without triggering wash-sale. They are similar but not identical until after 4:00 PM. The new PDI trades on Dec 13, Mon.
This if one needs tax-losses to offset…
@balubalu, high SKEW means that puts are now expensive relative to calls.
https://stockcharts.com/h-sc/ui?s=$SKEW&p=D&b=5&g=0&id=p72279051405
Today is the merger day, December 10. Tax-loss sellers have only today to do any tax-loss harvesting for PCI, PKO.
PDI is trading flat in the morning, https://stockcharts.com/h-sc/ui?s=PDI&p=D&b=5&g=0&id=p90672583672
ETNs are IOUs or liabilities of sponsors. They promise to pay according to performance of related indexes. But no assets are held. Sponsors do some hedging but otherwise are free to use the money raised as they wish. If index is down sharply, and yo…
Well, not so large, but there have been high distributions in its history:
2017 $1.06
2018 $1.53
2019 $0.39
2020 $0
2021 $4.79
Drops for 2017, 2018, 2021 are noticeable in Stockcharts with the start date of 1/1/17 (reset if defaults to 1 yr),…
