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.
Trading costs are already built into stocks and ETFs. We've just seen that in a rapidly falling market, people can wind up selling way ETFs well below NAV. The bid/ask spread increases, and it is that trading cost that the redemption fee on open …
To hank's concern - since mutual funds trade on a daily basis, one can't beat fees by trading a few minutes or a couple of hours earlier in the day. The fees would be imposed on all trades for that day, because all trades execute at close of marke…
The article implies that funds currently can only impose redemption fees for limited holding periods: "Unlike redemption fees, which are imposed on investors who trade frequently ..."
That's not exactly the case. Vanguard used to impose redemption…
You've got no developed market funds (New Asia is mostly emerging market, and you're working on dumping it anyway). You might look at TRIGX or TROSX. I'm not suggesting PSILX in part because it invests in PRASX, which you already own directly (and…
You may be questioning the wrong word. I'd put the question marks after Trust :-).
Though asking whether there was value (in either the style sense or the investing sense) is also a good question.
Fair enough, though at the end of the day you've got something worth, well, the end of day NAV (if buying).
You're betting on a trend reversing - if you set a (sell) limit order above the current price and your price is hit, the ETF is trending …
You just need to register (free). I must have done this a long time ago; I had to use a different browser to (re)discover that the site needed a login.
Regarding Medicaid, I'm guessing that this article could be the one you read. While it does s…
I don't think the article was suggesting that ERs cheat investors. Rather that ETFs don't cheat investors, but they're not free either. Exactly what you're saying.
That said, I'm not as enthusiastic about ETFs as is the columnist. He says that S…
Haven't you ever wondered why the state can pay off lottery winners under $25K? Shouldn't you be complaining about discrimination against the "rich"? :-)
The answer is that the state, by law must segregate money for these smaller winings. Money f…
The problem is not about not looking at M* methodology. The problem is treating M* like God.
The fault dear Brutus, is not in our stars, but in ourselves? With so many people here taking pokes at M*, it doesn't seem like God gets much respect anym…
I'll guess that by experts you mean the NRSROs. They say Illinois is A rated, and they define A rated as having a STRONG capacity to meet its financial commitments.
If one believes what they're saying, then Illinois has the capacity to pay off the …
Illinois is issuing IOUs until it passes a budget to lottery winners who will be getting windfalls.
It's a big leap from that to implying that Illinois is financially unable to pay the winners. Both articles cited in this thread say only that it i…
"Why don't they just admit they have no idea where oil will go"
But they do, they're using just one algorithm: Look at the direction of the trend, then apply a factor of two to the recent extreme price.
At the time in 2008 prices were going up,…
Regarding fund classifications (VF and Hank):
Well there you go again :-) Seems lots of people like to say that Fund A or Fund B is in the wrong category, so M* must be stupid, or M*'s misapplied its own methodology, or ...
May I respectfully su…
A broad answer to @Edmund 's questions is that Long/Short funds are somewhat unconstrained funds, in that they remove (or lessen) the constraint on being long only. Just as with unconstrained bond funds, about which I made the same comment in anot…
Pfau & Dokken also assumed that long-term bond returns would be perturbed modestly from its present low rate of return. But they also hypothesized that annual inflation rates would average 3%. That’s lower than the historical average, but is not…
Actually, I think the key 'math' involved is simple subtraction.
According to the authors, the arithmetic is anything but simple (which might explain why I can't explain it either):
"And generally, a 1% fee lowers the sustainable spending rate by 0.…
I guess I'm ducking the inflation issue by saying that one can get inflation protection "for free".
If one wanted to go pure cash and account for inflation, running simulations would seem to be the easiest(?) way to do that. But no matter what …
That's an argument for putting it all into TIPS. Ladder them so that you can live off of the meager coupons and periodic principal (at staggered maturities). With nominal interest near zero, this is essentially your mattress, but with inflation p…
That's an interesting thought. If people were as mobile as products, I might be able to see that.
The thinking being that if employment costs (wages) were lower in one region (resulting in free trade imports from that region), then those worker…
You posed a question laden with false assumptions, faulty logic, ambiguous wording, and bemoaned a response that wasn't your preferred answer to the leading question. That is, to the extent it was even formulated as a coherent, let alone cogent, qu…
The part that says: the answer is.
If you don't like the response, perhaps that's because your question started with a false premise. I gave the most logical response to an illogical question.
"...
Where in any of that answers the question?
If a person comes here legally and overstays their visa, they are now here illegally.
You can't answer the question so you attempt to parse words ... doesn't work. But keep at it. It is funny watc…
"Allowed for illegals (seriously?) laws not enforced - e.g. requirements for proof of citizenship to be employed in the USA ".
Laws prohibiting employment of all sorts of people are not enforced for all types of jobs. 40% of the 11 million undocu…
"People have stated that there are benefits to the US economy from illegal immigration ..."
People have stated that there are benefits to the US economy from any immigration - no illegal qualifier. Could you point out someone supporting strictly …
"People have stated that there are benefits to the US economy from illegal immigration ..."
People have stated that there are benefits to the US economy from any immigration - no illegal qualifier. Could you point out someone supporting strictly …
If illegal immigration is such a great idea, why have any laws restricting it? Because if we didn't have laws restricting it, it wouldn't be illegal? Trick question?Trick answer ... and not a very good one.
You didn't answer this one from my post…
Pure robots are definitely faster - the data are "untouched by human hands".
The impression I get of mass marketed portfolio management services (e.g. Fidelity Portfolio Advisory Services) is that they have a few different portfolios (possibly comp…
If illegal immigration is such a great idea, why have any laws restricting it? Because if we didn't have laws restricting it, it wouldn't be illegal? Trick question?
Some people object to all immigration, as Lewis explained. Others object to ill…
Wellesley is generating income from taxable bonds, taxable as ordinary income. VTMFX is generating income from tax-free munis, and qualified dividends taxed at lower cap gains rates. So its $2K of income is worth more after tax than the first $2K…
Sounds like Fox's reporting of the ACA, where they find a few isolated (and usually misrepresented) incidents to show how bad the whole system is:
http://mediamatters.org/blog/2015/07/23/fox-cites-misleading-anecdotes-about-workers-on/204557
Since…
Politico seems to have more details about, well, the Regulations on how the name can be changed; also that this obstruction didn't end with Regula:
But fellow Ohio lawmakers took up the torch and continued his blockade after his retirement, even as …
"The investment approach of the Meridian Value fund was maintained, along with its managers, and their office. But the Growth Fund was changed. Morningstar published an article ..."
I think you're missing my point. There are over 400 funds in the …
>> FLPSX started as a domestic small cap value fund,
It did? Not doubting you, just have been in it from very early on and don't quite recall it that way. Should check.Hard to find anything going back that far, but I did come up with this fr…
I've had successful fund managers retire on me, but never has one died while actively managing the fund. The difference in each case has been that there was succession planning, and the retiree had some influence on choosing and training the succes…
The ad was hidden. Contrast the promotion link:
https://www.fidelity.com/go/rewards-american-express
with the "regular" link:
https://www.fidelity.com/cash-management/american-express-cards
Speaking of hidden bonuses, it turns out (or so BofA sa…
Spending $5000 in 60 days for a $50 bonus would be insane. The offer is for 5,000 points (worth $50) if you charge $500 in 60 days. (Yes 60, not 6, not 600 :-))
Rumor has it that when Citibank Double Cash came out, Citibank sent invitations with…
I understand your point (some of which I happen to agree with). At the same time, you seem to be selective in the changes that might be "asterisk'ed".
There was a previous change in managementt when Mr. Aster, the lead manager of the fund, die…
