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.
Nothing sinister here. You'll find a slew of pages describing procedures for converting California corps into Delaware corps. One of the common techniques is to merge the Calif. corp. into a new (shell) Delaware corp. Restructuring mutual fund…
As I and others have written, index funds do not have the ability to take defensive positions; they must attempt to track their index. Case in point, ERUS. Current AUM is $1M ($945K in cash equivalents), current NAV is $0.07.
Blackrock suspend…
A common way to change the legal structure of a company (including an investment company, i.e. mutual fund), is to create a shell company with the desired structure, and then do an M&A. The old company is "moved" into the new structure, and exi…
Yes, I bonds. One can eek out another $5K in savings bond purchases by overpaying on one's Jan 15th tax estimate. Add enough to create a $5K refund to buy the bonds.
The paper bonds are in my name, and I'll send them right back to the Treasur…
You can only "Buy", "Redeem", or "Replace/Reissue" (if lost or stolen).
Going off on a tangent: In addition to lost or stolen savings bonds, one may need to replace a savings bond because it was never received. Last week I received 11 out of 12 …
Yogi offered an excellent estimate of the upcoming I bond rate. I don't know how much of this was done seat of the pants and how much analysis was involved, but here's how the figure can be computed:
8.8% annual rate means 4.31% semi annually: (1…
I view savings bonds as most closely comparable to 1 year CDs, because the savings bonds are locked up for 12 months (actually as little as 11+ 1 day).
After that, while it is true that like longer term CDs, savings bonds may be redeemed early w…
An informative compilation, though one might organize it differently.
The list has multiple share classes for funds (e.g. CWMAX, CWMCX, CWMEX, CWMFX, AWSHX) for (American) Washington Mutual Investors Fund. What, no WSHFX? :-)
On the one hand, i…
If something is truly free, there may be no commercial reason to promote it. And if it isn't really free, there's every reason (aside from a small matter of possible fraud) to promote it as such. Worth keeping in mind when investing in NTF funds…
The Balance page says that the 1952 inflation was 0.8% (not 8%). That was the Y/Y rate for December 1952 as I noted above. In all other months of 1952, e.g. Nov 1951 - Nov 1952, the Y/Y inflation rate was higher. But always 4.3% or less for th…
You heard wrong. Y/Y inflation for 1952 (70 years ago) ranged from a high of 4.3% (Jan) to a low of 0.8% (Dec). Not a year of high inflation.
Y/Y inflation remained below 5% until the spring of 1969. The only double digit Y/Y figures come from…
Between 12/10/2007 and 4/1/2022:
UTF w/div: +185.15% (cumulative)
UTF price: -0.14% (cumulative)
Figures are from M*'s interactive chart for UTF.
Price return is from chart, after setting start date and frequency to "daily".
w/Div comes from chart…
M* finally downgraded ARKK from neutral to negative.
Manager Cathie Wood has since doubled down on her perilous approach in hopes of a repeat of 2020 ... [nearly halving the number of holdings]. ...
[No successor with prior management experience; …
As much as I like John Oliver and feel his pieces including this one are excellent, it is nevertheless dated. As noted in the Nuveen excerpt above, and in the NBC News page (NBC video/AP text) below, about half ($34.3B) of the $70B debt described …
On the legacy RIsk & Return page for a fund, you can click on "Compare". The "Benchmark" select box offers choices including Primary and Secondary Prospectus Benchmarks. Those selections will tell you the benchmark values.
Substitute your fu…
Thanks for that information. Unfortunately, there are a couple of features at Fidelity that one can't be sure work without either trying them out or asking. One is buying a fund with a reduced min in an IRA, and then there's this one - automatic…
If you're buying it in an IRA, the min appears to be $0.00. Still, holding an open position means that you can add to it for $5 instead of having to pay $49.95 to reopen one.
It's not just free, it's "free, free, free, free, free, free, free". Did I forget to mention, it's free?
What I find disturbing is that the disclaimer is written in hidden legalise that is easy to miss or misunderstand. That's especially true fo…
I generally agree with the general impression that it can be harder or more expensive to purchase more third party funds at Fidelity than at Schwab. But it really depends on how you're looking to purchase and which funds in particular you are inte…
It will be handled in what seems like the logical way. Your total cost basis is prorated based on the values of the stock you get (or keep) in each company.
Here's the way Barron's puts it:
AT&T holders are due to receive about 0.24 share of …
The grass certainly must have looked greener on the other side when CANIX tried to turn over a new leaf by converting to BUDX.
Converting [in Sept 2021 was] only logical for CANIX, which has easily outperformed popular cannabis ETFs such as MJ an…
Just out of curiosity can you try pinging www.morningstar.com and running tracert (Windows) or traceroute (Unix/linix)? These are run from a command line prompt, e.g.
ping www.morningstar.com
These tests won't show throughput but rather latency …
Barron's ratings article:
https://www.barrons.com/articles/fidelity-robinhood-best-online-brokers-ratings-51648162632
13. Vanguard. (I made that up.)
As Barron's noted in the companion piece, The Best Online Brokers for 2022: Tools to Cope With a …
If it helps any, the fund I just sold today at Fido is RPGAX
Actually it confuses matters, as the subject asks about funds paying quarterly divs, and RPGAX pays divs annually.
https://www.troweprice.com/personal-investing/tools/fund-research/RPGAX?W…
Failed banks are definitely handled differently. I worked with someone who in the 1980s sought out the highest yielding banks in Texas he could find. They were dropping like flies on a daily basis. But as you described, they closed on Fridays …
It sounds like you're talking about the fee table in Fidelity fund prospectuses. Is it prospectus disclosures you have in mind? I was not aware that Fidelity ever charged 12b-1 fees (outside of its Fidelity Advisor load funds).
For example, here'…
3 Ways to Get Better Yields than Bonds via Barrons… https://www.marketwatch.com/articles/bonds-yields-51648235275
“ Multi-Year Guaranteed Annuities.These are the equivalents of bank certificates of deposits, except that they’re sold by insurers. As…
I've always liked JENSX allocations but on principle I won't buy funds with 12(b)-1 fees unless there's a really compelling reason.
Not to get too embroiled in 12b-1 fees, but funds participating in NTF programs pay the same fees to the platform w…
He had the best record of Magellan (FMAGX) managers, both in absolute and relative terms, with an annualized return of 30.6% vs. 7.9% for the S&P 500.
https://greensboro.com/magellans-best-manager-the-envelope-please/article_287cfc10-6b68-5515-a…
Where are you looking? What I see is:
Transaction Fee $74.95 Short-term Redemption Fee Nohttps://www.schwab.com/research/mutual-funds/quotes/fees/vwinx
It looks like Fidelity is dropping all Flex funds below $150M AUM except for mid and small cap Flex funds, and except for its Flex Freedom Blend Target Date funds. Those have just $1M or less each in AUM. But since they're comprised of Fidelity…
No kidding.
The broad language of the Paycheck Protection Program (PPP) included condos and co-ops. (Generally, these buildings are explicitly excluded from such programs, but that exclusion was omitted here.)
Our property management company…
I try to avoid citing Wiki and Investopedia. On the rare occasions I do cite Investopedia, it is as a shorthand for something I might write, i.e. it encapsulates a point I'm conveying. I do not present these sites are authoritative.
As you're a…
There's no requirement that an you annuitize the entire value of your annuity. And even if your particular annuity contract requires that, so long as you haven't annuitized you can do a 1035 (tax free) exchange in parts - transfer some value to on…
contains the point, with a 'may', which I maybe should have included. Would that have really made all the difference?
Absolutely. It's the difference between saying incident X of action Y is illegal because Y is illegal, and saying incident X is…
But naked shorting is shorting more shares than there are in a company, and is unlawful.
This is going off into never never land with no sources. For example, the Stokes paper, given for "detail", does not say that a naked short must involve more…
Here's a good video explaining the lawsuit:
and the actual complaint (courtesy of that video):
https://www.classaction.org/media/verduce-et-al-v-vanguard-chester-funds-et-al.pdf
What I was saying above about the actual damages not being as large…
