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Sold out of my position in June for the above reasons. Too much risk for the payout. Purchased my state muni bond fund which pays a distribution rate of 2.83% at my tax level with a duration of 5 years. Sleep much better now.
Here it goes from a transplanted Canadian who goes home to visit yearly. EH! Most Canadians tend to be wary of the US because of its influence on its culture and financial health. Canadians tend to think that their society is on a higher level becau…
The 5K sounds right if Nav Fed initiated. If your bank or CU doing the pulling or pushing also has similar small ACH limits and this could be so, depending on where you have the account, you will be limited in this respect.
I opened an account with Navy Fed many years ago to buy great CD's when I lived in a town that had a branch. Now having moved away and using ACH- ACH limits in and out out of credit unions are quite small compared to online banks. So unless you live…
If you reinvested all dividends and capital gains in MDISX since purchasing it and you are selling it all, you can subtract this all out from your proceeds as above to reduce the total gain and so your tax will be reduced also.
I also had the same experience with BERIX as joe74. Sold for the same reason and also because the fixed income portion is BB rated junk which will do very poorly if the economy tanks or equities fall. I put the proceeds in treasuries.
The high fee is also a concern but if would make a difference in risk and losses, it would be worthwhile. I am lucky to also own PRWCX where my holding would go if I sell FPACX, but it is closed to newcomers. Look at ABALX, DODBX ,JABAX and if conce…
All Institutional designated funds can have potential floating NAV's and the other issues as noted by MSF above. From my research they are NOT required to do so though. Fidelity in their literature states though this can happen ,they do not expect t…
Try- cranedata.com for top mmkt yields and info.You might be able to buy on your brokers platform( with a fee) an instit fund that pays well with a very low minimum. I am able to buy FNSXX with no minimum (yield 2.37%) in my Wellstrade account. …
I really lucked out with my Wellstrade PMA account (not available anymore) where I have 100 free trades a year INCLUDING transaction fee funds. The scoundrels do not even list their mmkt funds available on the platform, because they would much pre…
You may be able to access it free anywhere via the internet through your local library as I do. Here are the numbers if you are not able. All in millions. PRGTX AUM
2008-92
09-255
10-381
11-500
12-697
13-984
14-1626
15-2718
16-3153
17-5910
18YTD-4202
In Morningstar premium which I get free from our local library, in the fund page you are looking at, click on the Performance tab and the last 5-10 yrs of AUM will be listed low on the page. This will not show up in the free site. Hope this helps.
@sea
When" things level out" is when I feel that it is the right time for me whenever that is. It is when I think the downturn may have hit bottom. Will I be right. Maybe yes maybe not, but so far my gut,research,and some luck let me retire at the a…
Sold 8% of equities just before the downturn to 30% equities now. Lucky though it happened at the right time. When things level out intend to buy some more VEIRX and VMNVX but not back to the 8% level.
Sold ARTKX 2 days ago after 9 years in portfolio because of gradual decrease in performance over the past 10 years. When things get less frothy ,funds will go into FMIJX,PGVFX and VMNFX which I also hold. Artisan today is very different from 10 year…
@VF
No where in my post was it noted or insinuated that anyone out of work is a slacker. The point is that anyone who wants to work can if so desired and just because that person has some type of career does not mean that he/she cannot do any other …
I do not agree. There is a labor shortage in the US at this time. If you wish to work hard (not an option for many youngun's today) jobs are easily found even with poor skill sets. Vegetables and fruits are rotting in the fields because Americans re…
Grew up in Canada and have a little different perspective. Yes there are economic tribulations today but I also sense a much greater sense of entitlement by the young'uns now. New or expensive cars,$1,000.00 telephones,new furniture,eating out inste…
Agree completely with msf. Currently getting 1.20% on cash at Synchrony bank. Even better I recently bought at Ally bank ,no penalty 11 month cd's paying 1.50% (25k minimum. Lower % for less). Transfer to brokerage takes 3 days by ACH. Both are ins…
I thought 30 years with Metropolitan for cars,home and umbrella, great fico score over 800 and a ton of discounts would get me great rates. Nope folks. When researching all this last year found, out people tend to not switch companies much and insur…
CEF's have no limit on the amount of illiquid securities they may hold. OEF's are limited to a maximum of 15%. A knowledgeable CEF investor would know this and it would influence increased selling in a downmarket The CEF itself as a unit would have …
IMHO and those of others 42.5% leverage is highly leveraged. Maximum allowed is 50% as per the Investment Company Regulation act of 1940 and the median amount of leverage for cef's is about 33%. My post was to highlight the fact that in a financial …
Highly leveraged with a healthy high yield portfolio. When the bears start to run, those in it will be in a world of hurt. I will stick with my PIMIX/PONAX and sleep better.
Opinions on investing are just that. Opinions and nothing else. They can be right or wrong or somewhere in between but everyone is entitled to them. No one should have to justify how many funds they own or how they manage their portfolio. No one sho…
I did it from memory and probably its listed as total assets instead of AUM in the performance tab as mentioned above. In any event it is definitely there in my free library Morningstar premium edition and I have seen it on multiple occasions. Hope…
My local library in NC provides a free variation of Morningstar premium with a" Performance" tab. Yearly AUM going back 10 years is listed in the chart that comes up. Works for me. You may have it free via your library also. You might want to check…
I cannot see paying anyone 1.7% to manage a portfolio with 45% cash and 0 % yield. Investing 65% of funds in VISVX and 45% in a internet bank paying 1% has had much greater outperformance in the past 1,3,5,10 year periods. I have looked at this fu…
For VWSTX mentioned in article- current yield 0.94%. Better yield in a FDIC protected high yield savings account such as Synchrony/Ally with no possibility of drawdown!! Current yield 1.05%
Your local library may have access to Morningstar Premium. Here in NC the local libraries are all hooked up to a state site, NC Live which allows access to this site, anywhere with your library card number. No need to plunk down 100K at TRP. Its fre…
Unfortunately Wells Fargo took over our Wachovia accounts and things went downhill from there. What can you expect from a bank that call their branches "stores" I do get 100 free trades per year to include transaction fee MF's so I will keep it. Blu…
In the 9-24-12 edition of Forbes an article by William Baldwin "Easy Money from Fund Swaps " recommends a similiar but not the same method that I use to save oodles on taxes.
Watch expense ratio carefully with most funds that have low low ER's. All are NTF or free trades as noted below. Many are Vanguard funds. I have done extensive research and my allocations based on Morningstar X-ray does not show index like exposure.…
Own 24 ETF's and 45 mutual funds, for many of Accipiters reasons but also for 2 other important reasons. Even great funds tank. One example is Janus Worldwide. By having multiple "great funds in a similiar class when one tanks or is doing poorly it …
