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No comments on the fund, but as a tactical matter you might want to keep a toehold.
When Third Ave Value added 12b-1 retail shares (12/31/2009), it increased the min to open its original (now labeled "institutional") class shares. So you may h…
ZH behind the times, again:
This dramatic escalation now means that every single hedge and mutual funds will spend all Sunday night and Monday morning trying to ferret out any bonds that are especially illiquid or are mispriced
Meanwhile, the WSJ…
Vanguard data updated. No change to the link, but the final estimates, including dividends, are now posted.
https://personal.vanguard.com/us/insights/article/estimated-yearend-distributions-122015
Brilliant marketing by EV.
These exchange traded managed funds (ETMFs) are no more ETFs than ETNs are ETFs. Eaton Vance is barred by the SEC from marketing them as ETFs. But it seems EV can just keep its mouth shut and let the press mislabel …
Regarding GIM - that's certainly money managed by the same management team as Templeton Global Bond. If we're trying to figure out where that $100B figure comes from however, it's just a drop in the bucket (
I don't understand what is special about a zero gain. Pick any level of gain, and you're likely to find the market settling in around that number in one year or another. Even this year, the S&P 500 closing price may have oscillated 24 times u…
What the heck does "Templeton Global Bond ($100bn in total, $59bn in mutual funds)" mean? That Templeton Global Bond has $100B AUM, of which $59B are invested in other funds? I doubt that.
The $100b is not Franklin Templeton's AUM (Wiki reports $…
Interesting. I was not familiar with TOD deeds. Link is to Nolo.
If the deed were properly set up as transfer on death (and in a state that allowed them), it seems the house would get a step up in basis, and there would be no gain on sale. Even…
The idea that net worth (or salary) can serve as a proxy for investing expertise is IMHO absurd. One can luck into money (win a lottery ticket). Even without that kind of luck, what is it that makes a surgeon (high income) any more knowledgeable …
You identified the glitch in the question - the "inherited" house was not inherited. It was gifted, inter vivos (while living) from mother to the siblings.
As with any other gift, the cost basis of the house is transferred, not reset. So the sib…
If one goes by a "traditional" definition of equity, or even balanced, this ain't it - adding up CLOs (20.5%), Non-Agency MBOs (16.5% + 11.4%), Treasuries (14.3%), Agency MBOs (5.9%), Short Term (4.1%), International debt (1.3%), Asset-Backed debt (…
I never said that it did. What I said was that we already have virtually every conceivable combination and permutation of tax rules; VAT would likely not add substantially more.
Regarding VAT - there's something for everyone to hate (e.g. conservatives dislike the ease at which it can be increased, liberals dislike its regressive nature). I think I've noted before that merely simplifying rates (whether in a "flat" income …
@Dan, Depending on which side of the political spectrum you're on, I would choose this:
morningstar.com/funds/XNAS/PRBLX/quote.html
or this:
morningstar.com/etfs/ARCX/ITA/quote.html
Rather than PRBLX, I was sort of hoping for something like MOO, to…
There's no mention of any equity index fund, as is to be expected:
"Note: Funds not listed do not expect, as of October 31, 2015, to distribute capital gains in December."
A quick check on M*'s page shows no cap gains in 2013 or 2014 either.
While I tend to agree with you, on the flip side there are people like Bill Miller ...
No not this Bill Miller: (Amex commercial : Do you know me? - sorry, no video)
But Bill Miller of LMVTX, when it was called Legg Mason, he of the 15 year S&…
The link was missing the lead 'h' in http - corrected below
http://www.sec.gov/Archives/edgar/data/915802/000091580215000101/grandeurpeakfeecapfootnoteup.htm
This is a technical correction. The original read:
"Fee Waiver ... to 1.70% and 1.95% o…
In 1920's & 30's Chicago (and elsewhere), the nation was beset by the rise of mob organizations (Al Capone, etc.). The nation then understood the problem was not "guns", it was "the Mob". The Mob was bigger than the trigger-men. It encompass…
Possibly Wikinvest or its successor SigFig. Haven't tried them myself, but am going by third party comments (e.g. AAII).
I posted a bit more about these free services (and portfolio tracking in general) in a thread asking what value one gets wi…
Related to X-ray is portfolio tracking. See thread: "Buy and Sell transactions History".
If all you want is a static watchlist (which is good enough for me, since I don't trade much), then perhaps the limited M* services that T. Rowe Price provid…
That's the page for tax filing information (i.e. not estimates). The Vanguard estimate link for its capital gains dividends was posted in the 2015 cap gains distributions estimates announcement thread.
It is: https://personal.vanguard.com/us/insi…
Without premium membership, are you getting details about duration, or just a magic number?
Here's a good writeup from Vanguard: Distinguishing Duration from Convexity"[W]e offer this brief paper as a fundamental, rather than a comprehensive, overv…
There's a wide range of charities simply in how efficiently they use money (and how much lines the pockets of fundraisers), and broadly in how they approach an issue. For example, an environmental group might focus on buying land (taking it off th…
Without wading into this thread at all (at least with this post), I'd like to thank you for pointing out that the editorial is a front page piece.
I usually read NYTimes articles (and those of several other papers) via website, but they do offer…
First, no one wants to pay for anything, whether M* research or MFO premium; people would rather get everything for free. (They'd also like to get gifts from Santa Claus and the tooth fairy, but that's not going to happen either.)
Second, I for on…
Nice summary.
I've given some thought to the reporter's comment following the piece that in theory an investor could come out ahead tax-wise if Vanguard had to pay taxes. (We're coming up on tax season, what else is one going to think about ... C…
One fund detail that seems to appear only in the fund analyses (albeit rarely even there) is whether (and how much) a fund hedges. Another is whether a bond fund makes significant use of interest-only derivatives. That's one of the things that or…
It seems like I've heard this argument before. No, not "guns don't kill people ....", not that one. Rather, that if a law won't prevent all occurrences of something bad, then let's not consider it. So if background checks won't keep guns out o…
We can't delay your constitutional right to shoot a gun by requiring you to be checked against a (watch) list, because the lists are so error prone.
We must obstruct your constitutional right to shoot off your mouth (vote) by requiring you to obtai…
As someone who has gamed the system (slightly), permit me a few observations:
- it's difficult, and if you're not good with arithmetic and probabilities, you're likely assuming a lot more risk than you think
- if you're very healthy (basically j…
You can do a partial sale. Pick the shares that cost the most, sell those, retain the rest. Then you can repurchase as much or as little as you want by adding to your open account.
According to the prospectus you can add as little as $1K (min fo…
The hyper-concentrated portfolio can make this choice easy. Would you buy AIG? BAC? Neither would Berkowitz - he wouldn't even hold (let alone buy) AIG, which is why the fund is paying out so much in cap gains. He's also dumped most of BAC. I…
While this game is usually played with funds having large distributions, it can also prove useful for a fund with slow, virtually inexorable declines in NAV, viz. RPHYX. Not to mention other cash-substitute funds. For example, ZEOIX has spent ne…
What I did to pull up Fidelity's fund was a quick search based on the criteria I gave: A or better, intermediate term, and sorted on SEC yield. Fidelity's fund was very close to the top (both in ranking and yield).
Another familiar face in the…
I don't see most taxable bond funds as yielding enough (with sufficient stability) to be particularly useful these days for income. For income, it seems the idea is to generate a steady reliable cash flow without eating into principal. That would…
Doesn't have to be a federal agency; the government outsources lots of stuff these days. Isn't the NSA relying on AT&T and Verizon for data collection?
Who better than Walmart to help by watching over its large employee base for subversive acti…
How soon they forget :-) Fidelity charged a "mere" $10 in the 80s, but that was double what Oppenheimer charged at the time. No small potatoes at a time when the maximum annual contribution was $1500.
