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>> owing to political and statistical issues
This is silly, or at best tendentious. Why should rare years-apart purchases be included in widely impacting run-of-the-mill inflation calcs? Go read the many articles posted here about what the '…
Yes, that's it. Fidelity's EV and Future Transportation ETF. You can find the its daily holdings here (click on the Daily Holdings Report tab).
Though we don't quite know what's in the index it tracks, since the index is proprietary and the fund…
Um, yeah, and I'm kinda thinking EVs and Future Transportation are a wee bit more than just the next "hot" investment idea. I'm kinda thinkin' EV's (and whatever else comes next/with them) are gonna be a HUGE part of the LT future of transportatio…
And you certainly do not want to mis this article:
The ESG Movement: The 'Goodness' Gravy Train Rolls On
I agree with the given caveat, not only in this context but generally, "For any variable, no matter how intuitive and obvious its connection to…
For clarity: I mentioned the $5 automatic investment feature for transaction fee funds because some people are familiar with the tool in that context.
When used to purchase Fidelity funds (which have no TF) it exempts the purchase from the round…
M* does not seem to think as highly of this fund [MWFRX/MWFLX], based on its fund analysis commentary.
That would be M*'s artificial "intelligence" program. The one that doesn't like MWFLX because while its "view" of the fund's process is above a…
Calamos Market Neutral Income Fund (CMNIX / CVSIX / CVSCX)
https://www.calamos.com/globalassets/media/documents/tax-center/calamos-market-neutral-income-fund-estimated-2021-capital-gains.pdf
Estimates for all other Calamos funds will be available N…
Outstanding piece. Objective, matter of fact tone, well organized, explains the situation.
Even in the best of times, some people can benefit from the help of an advocate simply to walk them through a benefits process. Unfortunately, and as …
Here's an NPR piece about how Ford raising his workers' wages helped to create the middle class. It concludes with the statement:
[A] century after Henry Ford started paying $5 a day, it's not at all clear that today's employers and workers can re…
I've cited this2017 M* piece before, but it's worth mentioning again. It expounds on what your wrote.
https://www.morningstar.com/articles/834221/is-pimco-income-the-new-total-return
Are you asking why the beta is so low in magnitude (since the price moves sharply, one might expect the beta to be higher), or why it's that high, or even why it isn't negative (since the US market has trended up in the past few months while ENIC ha…
It was a nice clean calculation (+1).
One needs to read the source cited for the estimated 2022 premium to discover the ultimate source. That's the 2021 annual report of the Medicare trustees.
https://www.cms.gov/files/document/2021-medicare-trus…
I can't buy PIMIX in Fidelity 401k...Grrrrrrrrrrrrrr! I get so disappointed when that happens...it happens a lot!
If your heart is set on Pimco Income, you may be able to buy the somewhat more expensive institutional I-3 share class PIPNX in your Fi…
Many years ago, one could get into MWTIX at Fidelity at mere mortal mins (not the current $3M). With the lower ER of MWTIX, the fund might be worth holding. But between the higher ER of MWTRX, the fact that Rivelle will be retiring next year, an…
There are never any early redemption fees on Fidelity funds.
Fidelity has two different sets of policies. One on non-Fidelity mutual fund transactions and one on Fidelity fund transactions.
- Make too many (two) short term (within 30 days) round…
(This is a 403b, so hey, I wonder if you can sue TIAA for not automatically moving the RMD each year into some nonretirement cash account ... assuming they did not.)
Assuming the relative tried to sue, "failure to mitigate" comes to mind. (Not adv…
By law, "[t]he standard Part B premiums are set to cover 25% of projected average per capita Part B program costs for the aged, with federal general revenues accounting for the remaining amount."
https://sgp.fas.org/crs/misc/R40082.pdf
However, for…
there’s a fee wavier which appears to drop the ER down to 0.29%
As strange as this may sound, you're reading it backward. The gross ER is 0.29%, while the net ER, after accounting for fee waivers is higher, at 0.31%.
This is because the waiver c…
Nothing like transposing characters. My error.
Looks like a pretty good fund. The only thing that jumps out on a cursory look is that it is very deep into junk bonds - more than half are B rated, another nearly 10% below B.
The higher rates only benefit newer issues (at higher rates). The existing holdings (that have lower rates) become increasingly less attractive.Even if the fund holds floating rate securities / adjustable rate mortgages?
Possibly. ARM funds were …
Especially since it's 1.1% higher than one would have gotten had the SSA used CPI-E to compute COLA.
The cost of transportation soared; no other category went up 4% or more. The category with the lowest Y/Y inflation was medical care, at 0.74%.…
M* classifies TIAA-CREF Lifestyle Income Fund as a 15%-30% allocation fund. In the summary prospectus, TIAA benchmarks the fund against M*'s Conservative Target Risk Index, which is a static 20/80 index.
https://www.tiaa.org/public/investment-perf…
The CPI-W data above has been updated to include September. You now have all the data necessary to calculate exactly the 2022 COLA. Be the first on your block with the number.
The Consumer Price Index for Urban Wage Earners and Clerical Workers …
Regardless of when SSA makes its official announcement, because COLA is a derivative everyone will know its value the instant the final underlying figure (CPI-W for Sept 2021) is released.
We already know exactly when that will be:
Next Release
S…
The list is so obviously a screed (at least the URL contains "editorial") that its best function may be as a quiz for tax wonks: how many errors can you spot?
Example: Excise Tax on Comprehensive Health Insurance Plans, i.e. "Cadillac" plans
The Ca…
A different topic, not related to the Vanguard Target Retirement funds (such as VTINX). You might start a new thread to get a variety of opinions.
FWIW, Windor was mediocre through Neff's last decade, barely pacing its peers and falling significan…
If the 32% allocation I suggested for MWTRX as a substitute for MABDX doesn't work for you, just find another. For example, I chose not to suggest BCOIX because I preferr to diversify managers. You might feel differently. There is variety of g…
Double counting, missed items, a pretty nonsensical list.
The first four men in the bar supposedly pay nothing because in this hypothetical, they pay in proportion to the taxes they pay. So I guess they pay no sales tax for anything?
Quick thoug…
Each metric has different meaning and value to each investor
Yes, though my question was what the metrics mean to you. Certainly the approach you described (for the maximum acceptable pain, maximize return) makes sense. That's essentially what t…
Are you sure about the drawdown dates? Unless you were using incubator figures, the MARMX drawdown couldn't have begun Oct 2007, because the fund's inception date was after that, on 11/5/2007 (from SAI).
The 2008-ish maximum drawdowns I see for e…
That piece is arguing that at best, VWINX will fall less than other traditional funds, e.g. since it leans toward value¹. That's in contrast to funds that are designed to benefit from inflation. Which is why I felt that it doesn't make much sens…
While I'm a big fan of VWINX, I don't feel that comparing it with funds that are very different in composition is quite cricket. VWINX has had a 40 year tailwind (falling yields), while real return funds have had a headwind over the same time fram…
I'd be inclined to pass on MARMX. If you really want to purchase it, it's available through some annuities, e.g. Mutual of America's individual retirement annuity (IRA).
More completely: The Investment Company offers shares in the Funds to the In…
Paul Harvey? Boy, you are old! :)
Maybe not.
"In late August [2001], 83-year-old broadcasting legend Paul Harvey returned full-time to radio land. For three months, he'd been out of commission thanks to a lingering virus that zapped his once invin…
IMHO there was no obvious point at which most people would say they would have sold TPINX, yet most people would have sold at some point. It seemed that this was a good fund to illustrate how one's sell discipline worked in "real life", given that…
You're right that JAAA tends to move a bit more in tandem with stocks (R² of about 0.5) than the other ultrashort term bond ETFs I mentioned. Though there's not much default risk in AAA tranches of CLOs (vs CDOs).
On the upside, there's that hig…
I may have missed it, but Wells Fargo Asset Management was spun off as well. Changing the fund names is just part of this larger change. WFAM is becoming Allspring Global Investments.
https://www.prnewswire.com/news-releases/wells-fargo-asset-m…
This will be a sibling to Janus Henderson's AAA CLO, JAAA. Both funds are managed by the same pair of managers.
I'm wondering how a fund like this would compare with bank loan funds. CLOs are generally bundles of senior bank loans, sliced and d…
Basically, yes, it just amounts to a savings of a few basis points for retail investors.
I'm not sure why the cited article implies that all the retail target date fund ERs are the same 12 basis points when according to Vanguard they range from 12…
For most investors, the main news of significance is the merger and lowering of ERs for the retail Target Retirement Funds. The Institutional Target Retirement Funds really are for institutions only. And the Target Retirement Income and Growth Tru…
