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.
Reply to @ron: Your link takes to APPLX page on M*. Secondly, FMIMX is a closed fund. I invest in it but I did not recommend it for that reason.
I am generally hesitant to click on these abbreviation/redirection URLs as there is no way to tell whe…
Reply to @tip: $75 is for TF funds when you purchase but there is no fee for sales. So, if you liquidate your position in one go or 10 pieces the total fees paid is still $75. Other brokerages charge fees for both purchase and sales of fund shares. …
Reply to @msf: Just to add to the historical context: FSLVX used to be known as Fidelity Structured Large Cap Value. I do not remember what made it structured or not at the time.
I really do not have good candidate for this asset class. Outgrown sm…
Take a look at FLPSX. It is value leaning and IMHO nowadays could be considered all-cap but has mid-cap center of gravity, has about 44% mid-cap exposure of which 23% is mid value. The fund also allocates significant chunks to international stocks.
Reply to @catch22: "Spybot Search & Destroy" is a good software. But I would rather call it anti-malware software rather than malware. Malware is bad. Anti-malware is good.
BTW, MalwareBytes is a better anti-malware software these days.
Reply to @Old_Joe: Good thinking Old Joe. Yes, the FDIC equivalent state protection for bank accounts varies by country. There may be limits on coverage and also it would be only applicable for individuals. Institutional money with large sums concer…
Reply to @Old_Joe: What happened to good old parenting to explain these stuff to your children... Oh wait, a lot of parents are financially illiterate as well. Most people have no idea on a ballpark figure required to accumulate for their retiremen…
Reply to @Maurice: If the quiet period is an excuse they would like to use, then the big investors should not have received this information either. They broke the regulation either way. There is no easy way out for underwriters for this. But most l…
Reply to @scott: Joe Kernan and Rick Santelli seems to be repeat offenders on their political jibes that add no value at all. Personally, they might be better fit somewhere else.
As for JPM, I think while the loss is big for us, it is a small enoug…
I am not sure if the rush to add all those exotic alternative and expensive stuff into portfolios is going to produce a much better result. There are many new risk vectors introduced with these additions that may not be apparent today. The real prob…
Reply to @scott: He inherited that stock. It seems that he can't get himself to sell and buy a mutual fund that provides a broker diversified exposure.
Max likes to concentrate on a few stuff. I hope he does not get burned for that.
Umm, what is Kiplinger smoking? FLPSX manager Tillinghast has returned back in January. They just realized?
http://news.morningstar.com/articles/article/532234/tillinghast-back-at-fidelity-low-priced-stock.aspx
If it is not co-mingled and you get a new job that has a 401k, 403b etc. you might have the option of rolling this IRA back to 401k, 403 etc. so you can gain bankruptcy protection.
Other than that, Rollover IRA is just a Traditional IRA with a diff…
Reply to @bee:
Facebook co-founder who renounced his citizenship to avoid taxes as he collects his huge bounty after IPO.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/05/11/BU0R1OGS6M.DTL
The problem is that the rich does not have any …
How do you close a ETF. If you close open end mutual funds, people will simply buy the ETF.
I am not even addressing the practicality of closing all open end bond mutual funds.
Jamie Dimon was lashing out to Fed for having overly strict regulation. If they take such risks now with this oversight that is considered too intrusive, I do not want to imagine what they would do if oversight is reduced. Deposit taking banks shoul…
Reply to @catch22: No this is new strategy that is still available. Your start and immediately suspend at the same time. There is no payback. Scan recent Wealthtrack episodes for more info.
Reply to @catch22: I think you can employ start and immediately suspend strategy so that your wife can claim spousal benefits and you can resume getting full+ benefits at age 70. I heard this on a recent wealth track. Investigate it a bit.
OK, I was behind in my podcasts (via iTunes) and I just listened to these two shows while walking on Sunday night. I highly recommend these two shows if you have not done so.
BTW, if your primary source is Zero Hedge you might want to read about incorrect interpretation of statistical data by ZH.
http://bonddad.blogspot.com/2012/05/once-again-zero-hedge-is-completely.html
I am not worried about weaker than expected job report. These things have a wide volatility and is often revised.
At the same time, the Feb and March report was revised up (for Private sector by 65000). Government employment due to austerity measu…
Reply to @Old_Joe: GASFX benefits decreasing prices of NAT GAS to a certain degree because it holds GAS utilities and GAS utilities profit margin goes up when input prices go down and their output prices are maintained at the same level.
It did ben…
Reply to @Old_Joe: All loses are temporary until it becomes permanent.
IMHO, All of these stuff is mostly subjective, these strategy statements offer little value in terms of what the manager is going to do or if the strategy could be realized at …
The problem is that congress doesn't do anything to help the economy. In the absence of Fiscal stimulation, Monetary policy is the only game and politicos have no problem if the Fed gets the blame. It is fantasy to increase interest rates when the g…
Since most people are avoiding addressing the text let me summarize here. Austrian's claim that confidence will re-establish when austerity measures are implemented and path to growth well clear has shown in practice to be a myth as European countri…
Reply to @MJG: MJG, do you have any comment about what he wrote. It seems like most of the comments about Krugman is due to his political associations rather than the contents of the article.
Interesting observation. I have a couple of small remarks to make.
* Assuming the fund manager is male (which most are), Testosterone starts to drop in late 30s-40s. This might be helping more rational decisions instead of instinctive hormone drive…
Reply to @WallStreetRanter: Thanks for the article. It is very well written and arguments against the risk parity portfolios as implemented today are clear.
Reply to @Old_Joe: I will calculate the return with cash if that cash is part of my retirement portfolio and can be used to purchase other asset classes in my retirement portfolio. Otherwise, if the cash is in a bank account and dedicated for someth…
Summary:
* Manager Changes at Fidelity, New global fund on the way
* Vanguard cuts fees
* Former Manager Back With Meridian Funds
* Another Marsico Manager Heads for the Door
* DWS Subadvisor Swaps Managers
* Etc.
