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.
While traditional Republicans (if there are any left) might relish the shuttering of the CFPB on principle (less regulation of financial institutions), Musk has a more immediate objective.
Senator Ed Markey (via X, formerly known as Twitter) writes…
FWIW, there's not a theological (belief in a god) or even religious (broader beliefs and practices) requirement in the Constitution, including the presidential oath of office.
"So help me God" is not in the official oath and was likely not added by…
On August 24, 2015, exchange traded products (ETPs) experienced a real life stress test.
Curiously, less than two months earlier there was another real life stress test albeit a much smaller one. On June 29, 2015, the Greek banks and stock market …
msf: "ETFs can't be closed."
What is the law or rule that says an ETF is not allowed to close inflows?
There's no rule of law that gives ETFs an advantage over OEFs when it comes to taxes. In fact, the law that says a fund can make embedded gains …
Schwab platform fees for most OEFs:
NTF funds
- OneSource (retail): typically 0.40%, can be as high as 0.45%
- Retirement plans (e.g. 401k): usually 0.10% to 0.50%, can be as high as 1.10%
TF funds: typically 0.10%, can be as high as 0.25%
An incr…
You wrote: "some arrogance involved. primecap and wellington had many years to ask vanguard to adopt an etf structure for tax\trading benefits."
Seems a bit presumptive to infer that they didn't ask vanguard to adopt an ETF structure merely from t…
So with respect to trading, depositing a check is treated no differently from wiring cash?
Source? Experience?
Fidelity says that if you deposit more than $25K by check you won't be able to trade with the excess until it's been processed (the ho…
If the share price moves does that not make it an ultra short term bond fund,,, not a money market fund that is characterized by a stable share price?
When people speak of volatile NAVs, they are usually thinking of the value of the underlying asset…
Got it. You still use the QD worksheet as explicitly instructed on Line 22 of Schedule D.
(That's in the Schedule itself, not in its instructions.)
The way this works is that net cap losses cannot be used to offset qualified divs. So the QD work…
I suspect you're seeing a classic sawtooth pattern of a fund that declares divs monthly.
https://www.etftrends.com/money-market-etfs-opportunity-attract-mutual-fund-assets/
An OEF MMF declares divs daily, so its price doesn't increase over a month.…
I'm not sure where the instructions you mention in your first sentence come from. Here are some of the instructions for Line 16:Schedule D Tax Worksheet. Use the Schedule D Tax Worksheet in the Instructions for Schedule D to figure the amount to en…
All of that is true (but see below); I'm not sure what your point is.
I'm also not sure that if you walk into a branch (or do a mobile deposit) with a check as opposed to a wire) on settlement day that would be acceptable. You should be able to tr…
am not sure i would let vanguard outside active managers off the hook for sticking to the standard mutual fund structure.
...
finally, its laughable that mid-mega cap u.s. managers are 'giving away their secrets' with etfs. no active manager can m…
At its core, the question here is whether one can do a same day trade at Schwab from a fund in one family (here a Schwab MMF) to a fund in another family. There's a fair amount of noise that's crept in.:
- The fund being sold is a MMF. Doesn't m…
Yeah, all those dopes that switched LOL. They had a guy that instituted a Muslims ban. Finally got rid of him for Biden but they hated Biden because he didn't end the Gaza war. So they switched to supporting Trump because he said he now loves them.…
@msf,
I do not think I follow this (can you pl elaborate, may be with an example)?
"Deductibility of IRAs is based on another form of MAGI"
To calculate MAGI for IRMAA purposes, you add in tax-exempt income (line 2a of the 1040).
https://secure.…
For a muni fund with a wide range of duration, one can look outside the box (national muni funds).
STWTX / STWVX (Hartford Schroders Tax-Aware Bond Fund) was classified as a muni fund through 2018. Since then it's been classified as a taxable bond…
Ultra-ultra-short munis is an interesting idea. There don't seem to be many competitors, though access to any of them (including FHMIX) can be challenging. Clearly such funds are best used in taxable accounts.
FHMIX - Fidelity, TF, $25K min. Els…
Am I missing something? REMIX/BLNDX knocks the socks off LCORX, and the other competitors mentioned by several members in this thread.
REMIX / BLNDX is not a direct competitor of other funds mentioned. It and the others are not only in different ca…
Vanguard has never created an ETF share class of an existing actively managed fund. Until a few years ago that would have created disclosure problems (publishing portfolios daily) for the existing funds. Even now, it might find it difficult to sho…
"Gaza is just another distraction, keep your eyes on what Musk is doing ..."
+1 -- at least people are starting to see his
look over here... not what I'm doing crap.
+ 100 Understand the players, understand the game.
As the Orange One's prede…
The average return of a category of funds in any of the past ten years can be found on the M* performance page of a sample fund in that category. Precise to the basis point.
For example, using LCORX:
https://www.morningstar.com/funds/xnas/lcorx/pe…
Tactical allocation funds have quite varied approaches and their performances are all over the map. A few examples, in case this is what you were looking for, illustrate this.
I'm not including funds that M* classified as something other than t…
The problem described doesn't depend on whether the underlying holdings are ETFs or other traded securities. Either way, the question is whether an ETF's bid and ask prices are representative of the aggregate prices of the underlying securities.
…
Free passage for US warships through the Panama Canal.
I heard this on the radio this morning and the first word that popped into my head was "extortion".
That's a nice canal you have over there. Sure would be a shame if something were to happen…
Now I'm confused. Are you talking about the modernization of the EU-Mexico agreement (literally the subject of the cited article), the modernization of the EU-Chile agreement, and/or the new EU-Mercosur agreement?
I ask because you talk of the EU …
"Unlike conventional trade agreements, which focus on reducing barriers to trade, these next-generation pacts go much further: they harmonise regulatory frameworks, protect investment, establish streamlined dispute settlement mechanisms, and reflect…
It's only for a month. And it looks like Trump finally got Mexico to pay for a wall - not an engineered wall, but a wall of 10,000 soldiers on the border.
In contrast, New Zealand and few countries (cannot recalled) have had few COVID deaths and minimal economic suffering due to their fast reaction and scientific know how’s. Granted, these are small countries and easier to closed their boarders
Hey w…
Are you saying that you don't trust writers' analyses of funds because they might be working with data that's stale by a day or two?
I'm the opposite. I wouldn't trust any analysis that was so unstable that it would change because of yesterday's…
My current understanding of his vision suggests that -- due to its unique position among the world's nations -- imposing both substantial across the board and targeted tariffs will prove to be beneficial for the United States.
If by beneficial you…
The illegal crossing of migrants and the flow of fentanyl into the U.S. were the irritants Trump named when he first threatened to slap Canada and Mexico with 25 per cent tariffs last fall. Government officials say less than one per cent of each ent…
While unconditional pardons are allowed by the Constitution, this does not mean that pardoning the nation’s enemies does not violate his oath of office “ to faithfully execute the Office of the United States …”. I think a strong argument can be ma…
Thanks. I am familiar with direct indexing, and in fact have spoken with Fidelity about it. (New rep assigned to us; I figured I'd let him go through Fidelity's various wealth management product permutations with us.)
The Barron's piece you link…
Anyone who supports Trump has to answer a simple question for me. How could he pardon people convicted by honest juries of seditious conspiracy to overthrow the US government only a few minutes after taking an oath to “preserve, protect and defend …
So you read Coy’s complex arg or not ?
That market distortions don't impact only one side in a transaction, but rather affects all parties? Yes, economic inefficiencies hurt everyone.
He really doesn't get into tit-for-tat tariffs, more like men…
tariffs amount to a tax on domestic consumption and a subsidy to domestic production.
And they don't balance out. Consumers lose more than domestic producers and the government (tariff revenue) gain. Economists call this deadweight loss.
Here's…
I tend to regard AI as having gone through three cycles:
1. Late 1950s - 1960s. Think ELIZA
https://www.livescience.com/technology/eliza-the-worlds-1st-chatbot-was-just-resurrected-from-60-year-old-computer-code
2. Mid 1980s-1990s. Expert syst…
