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.
Unexpected large mutual fund year end distribution is where it get sticky.
True enough. Though Uncle Sam doesn't require you to pay taxes on money earned faster than you make it. If you have large YE distributions, Uncle Sam is fine with your pa…
Call me paranoid, but when a "fund" manager says how extensive his experience is but won't detail it in writing (i.e. on the fund site, let alone in the prospectus), that suggests to me that he's worried about putting something dodgy into a legal do…
FWIW, my wife and I both receive pensions and withhold more than enough to cover our taxes from those payments.
That's all you need. If withholdings cover taxes, you do not have to make any estimated payments.
Generally, most taxpayers will a…
Historically, MMFs paid higher rates than bank/CU MMAs. They have to. Why would anyone use a lower yielding, uninsured product that can, and thanks to the Reserve Fund has, lose money?
The GFC and ZIRP turned things upside down. MMF yields wou…
If that late spring conversion was in June (summer began June 21st this year), then the taxes would come under the third quarter (Sept) estimate not the second quarter (June) estimate.
If without the estimated payment you'll still have paid in enou…
Oodles of red flags. Starting with performance that would make Bernie Madoff blush. Not a single losing month from January 2016 through June 2022. (I can hardly wait to see it post July results.) Smooth as silk. Just look at the graph.
htt…
Most credit unions are insured by NCUA, a federal agency.
One of the NCUA’s responsibilities is managing the National Credit Union Share Insurance Fund. It is the NCUSIF that guarantees money in credit union accounts is backed with the full faith…
From the Science piece:
scientists on both sides of the fracking debate agree that it is very unlikely that microfracturing of rock formation itself contributes to the vertical migration of gases. The problem, they say, is with a minority of badly …
Instead of SMVFX (C shares), one could buy the less expensive A shares SAMVX (NTF at Fidelity) or the even better I shares SMVTX (NTF at Schwab). Are you limited to the high ER shares through your workplace or broker? If you still like the fund,…
that there is only one company in the world presently capable of supplying the most advanced chip-manufacturing equipment
A minor point - ASML is the clear leader in lithography, but the manufacture of semiconductors, broadly speaking encompasses …
I completely agree that the focus on numbers is wrong. I didn't pick it. The thesis of the opinion piece was that from a financial perspective, fracking is a sham.
A piece that presents readers with dubious assertions creates impression that …
For a variety of environmental reasons, I'd like to see the end of fracking. But that doesn't diminish the appearance of the cited NYTimes Op-Ed piece as a polemic, grounded in misleading, cherry picked data.
Start with the except quoted. Here'…
The speaker [i.e. Pelosi] serves as an example of good ethics - she is not among the "66 members of Congress [enumerated in the cited piece] who have violated a law designed to prevent insider trading".
It's not the responsibility of the Speaker…
As noted in the excerpted text ("long the province of structured products"), this sounds a bit like old wine in new bottles.
Buffered ETFs vs Index-Linked Annuities
There are differences including ETF-specific risks of "suboptimal [management] deci…
at the expense of maximizing shareholder returns in the Sub-Adviser’s assessment.
Taking action to mitigate factors that impair a company's ability to recruit the best employees is not social activism; it's just good business practice. Failing t…
Here's a picture of the link to navigate (what Yogi calls backtracking) to the next level up:
For wonks: One can wind up at an unexpected "parent" page if one creates multiple paths (network organization) to a given page.
See graph below. Th…
Going into even more detail ...
Step 1:
Orig post: I think this is the result you got.
https://www.sec.gov/edgar/browse/?CIK=0000036405
New post: Starting with mcq's search result
Embedded link in new post is identical to URL given in orig post. …
Just goes to show how often I trade options. (I've only owned ISOs and NQOs.)
According to Fidelity, the option holder can override the auto execution. Which gets us back to the prudent investor. While I could understand someone turning off t…
Surely I'm not the only one who noticed that the NVDA trade was an exercise of in-the-money (by 53% or more) options on the expiration date of June 17th. Had they not been exercised then, they would have expired worthless.
That's not using insider…
Reiterating what I did:
- Starting with mcq's search result, obtained by searching for VFINX on the mutual fund search page and following the CIK 0000036405 link on the results page for the Vanguard Index Funds trust ...
- Follow the "Classic v…
Let's apply the law for all.
Okay. Let's apply the disclosure requirements to all, not just to "US congress rep[s]". Would you care to start by disclosing your trades (and ranges of dollar amounts) on a monthly basis?
The violations identifie…
One way to "income average" is to literally sell over time. Say 10% each year. If it is income-generating land, then you could get 90% of the revenue when you retained 90% of the ownership and so on.
That's a little messy. A way to effect s…
I think this is the result you got.
https://www.sec.gov/edgar/browse/?CIK=0000036405
Try switching to the "classic" version. As M* and Coke have demonstrated, "new" is not necessarily improved.
This "SEC classic" page links to filings all the …
Yahoo is okay for some things, but when the quality of the data is important, it's better to go upstream, closer to the source. Yahoo is just a tertiary source, getting much of its data from Morningstar. Though "US equities and global index hist…
I have held issues in a Roth account where the foreign tax is not withheld.
While I haven't held foreign stocks directly or "semi-directly" (via ADRs or GDRs), ISTM that the withholding of foreign taxes on stocks mirrors that of foreign taxes on m…
1986. Ten year income averaging is still available for qualified plan lump sum distributions to people born before 1936.
Subtitle E: Miscellaneous Provisions - Repeals income averaging.
https://www.congress.gov/bill/99th-congress/house-bill/3838…
@Ben is correct. So long as one pays more than required each quarter, whether that is everything in the first quarter or just paying a bit of excess in the first three quarters, everything should be fine. It's only when you make more money YTD th…
Generally, with lots of exceptions, the IRS expects you to pay your taxes equally in each quarter. That should be pretty obvious, because otherwise everyone would skip their first three estimates and just pay everything on the last estimate.
For e…
The 30 day SEC yield is the best approximation of what a fund would return if it held its bonds to maturity/call. If one thinks of a portfolio consisting of a single bond, the SEC yield would be the YTW.
For example, a 5 year bond selling at $…
No problem on the M* investor site downloading VWELX data going back to 1929. Of course M* data for that era is only monthly. So while daily values are downloaded, they don't change most days. You might want to do some interpolation as a fixup.
The fact that 73% of TROW is own by so called “smart money” ... says something
Regardless of whether one agrees with that or not, one doesn't get that datum (73% owned by institutional investors) from a ranking of the largest institutional investo…
I find "Top Institutional Holders" tables of dubious value. The pecking order correlates with the size of the institution. Vanguard owns a lot of everything because Vanguard is larger than other institutions. That doesn't mean that it's enamor…
Not only that, but if the stock is sold within 61 days of purchase, that dividend will be taxed as ordinary income.
https://www.fidelity.com/tax-information/tax-topics/qualified-dividends
My condolences as well. The first thing to do is to take a deep breath and not rush. Especially with Vanguard. For one thing, as others have said, they're just not available now. Another reason is that the instant you notify them of the death…
It's Friday night, thoughts getting a little weird. Below the image is my Rube Goldberg-ish idea on what Vanguard might have done.
When the institutional investors place exchange orders from retail to institutional class shares, Vanguard redee…
The savings bond calculator will display the value of a savings bond as of any given month. To find the net amount of interest credited to the savings bond between two given months ask for the values on those two months and take the difference.
N…
The Regular TDF did not have its own institutional class. It didn't even have Admiral shares. Below is an excerpt from the 2020 SAI for the funds.
https://www.sec.gov/Archives/edgar/data/752177/000168386320000191/f2353d1.htm
That's why Vanguard…
Was it possible for Vanguard to preemptively convert retail fund shares
(for $100M+ accounts) to institutional fund shares and avoid this debacle?
Yes and no. For, say the 2030 target date, there were two completely different funds. A retail fun…
I suppose it's possible, but the investors would had to have been lucky in their timing. For example, suppose they looked at Vanguard's projected cap gains distributions and decided that they had to pay a Q4 estimate by Jan 15th. They might have…
