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.
Yes, those are the funds up exactly 0.97%. As you noted, that's not helpful if one is comparing with a multi-fund portfolio.
One isn't likely to achieve that return in either the aggregate or with an individual fund these days without using jun…
Intimately related to the question of what is a bond fund is why own bonds or a bond fund in the first place? A reason often given is to reduce overall portfolio volatility, i.e. to zig when stocks are zagging. The mention of Sharpe ratio (based…
"21 July"? Dang furriners. What country's 1988 rates are you quoting? And whom are you quoting?
As to Clement's 2021 suggestion that one go for 75% stock/25% cash, his description seems fair. These days, one gives up about 1% in yield in g…
There are so many possibilities here that I'm not going to try to guess what lots you sold under what conditions and what was aggregated on the 1099.
It is worth commenting on the suggestion that "a fund or brokerage must continue to use the averag…
Calculating gain on the sale of mutual fund shares is not as hard as it may appear to be. There are just two questions to answer: "you need to determine which shares were sold and the basis of those shares."
https://www.irs.gov/publications/p550#e…
It seems like an alternative to a bank for Germans would be a Money Market fund, perhaps in a brokerage account.
Unless the MM will also charge to hold your money.
David
(a) In order to avoid a negative yield, Fidelity Management & Research Co…
For some reason how this two-bin basis calculation works is not documented or explained anywhere online, or by any of the fund companies' tax guides
Mutual fund bifurcation
For those accounts in which Average Cost is the disposal method for mutual f…
Here we go again. It never closed to new investors categorically. It only closed to new investors through some (but not all) channels.
As of November 1, 2013, the fund is generally closed to new investors other than those who ... invest directly …
It seems Fidelity limits this benefit to a "higher class" of customers:
https://slickdeals.net/f/14706584-turbotax-premier-free-for-some-fidelity-customers-premium-services-active-traders-private-client-ymmv-2020-tax-year-thread
H & R Block entered the personal financial software market in late 1993 with the purchase of MECA Software, which was best known for its "Managing Your Money" program. Block decided, however, to sell MECA in March 1995 for $35,000, while retain…
Not only can direct investors continue to invest in the funds, but direct investors can begin investing in new accounts. Not exactly what one usually means by closing a fund, whether soft or hard. Which is why these terms were footnoted in the s…
These are funds acquired from Gurtin Funds two years ago. PIMCO retained Gurtin as their submanager. The name change appears to be purely cosmetic for now, i.e. no change in management.
The more significant section adds that PIMCO may soft or ha…
FWIW, I held a different fund through Fidelity where about 5% of the dividends were ROC. I also sold some of the shares in November.
Fidelity handled everything well. It reduced the amount of divs (box 1a) on the 1099 by the ROC amount and repor…
There is still a cap. This year it is $142,800. Income above that cap is not taxed, except that now income in excess of $400,000 is taxed also. Thus a "donut hole".
That hole will close over time as the cap rises due to inflation.
Biden also proposes changing the measurement for annual cost-of-living increases to the Consumer Price Index for the Elderly, or CPI-E, which could more closely track the expenses retirees face.
To pay for those higher benefits, Biden would apply S…
The linked article talks only about tax increases. There are also tax decreases and related items. Here are a couple more proposed changes:
"One benefit for wealthy taxpayers: Biden intends to eliminate the $10,000 cap on state and local tax (SA…
Alternative subject header: T. Rowe Price decreases fee on Spectrum Funds.
Currently, the expense ratio includes a significant "acquired fund fees and expenses" line item. For example, for PSILX, the current prospectus says this fee is 0.90%. T…
I think you mean VGTSX instead of VGSTX. Though that's not a great match for FSPSX, as the Vanguard fund includes investments in emerging markets and in Canada, while FSPSX tracks the narrower MSCI EAFE index. VDVIX is closer, but it also includes…
@johnN: A search of the "Up-to-date" link which you have provided shows none of the information which you have listed.
However, judging from the appearance, that information seems likely to have been derived from a reasonable source. Can you please…
Why? Not seeing any reason to prefer it [SUBFX] to say FTBFX over the last 5-4-3-2-1y
The OP appears to be looking for a fund in addition to WATFX.
If the question were one of merely replacing WATFX, it's hard to see any reason to choose FTBFX, w…
also
https://www.theatlantic.com/health/archive/2021/02/second-vaccine-side-effects/617892/
Which was my source for the CDC links with real data. The Atlantic piece, aside from explaining why these vaccines (and Moderna in particular) elicit side…
I suppose it depends on whether one is counting all adverse reactions or just severe ones.
According to the CDC, data from clinical trials show that 41.9% of those (aged 18-55) receiving vaccines and keeping logs (2,291 subjects for first dose) …
Sure. Its efficacy rate under trial conditions is virtually identical to Pfizer's. Along with Pfizer's vaccine, it appears to be more effective than AstraZeneca's against the South African strain. At the moment, it (along with some of the other…
LA Times: The FDA didn’t ‘approve’ Pfizer’s COVID-19 vaccine.
https://www.latimes.com/science/story/2020-12-12/why-fda-didnt-approve-pfizer-covid-19-vaccine-eua
In the case of a vaccine, authorization can be granted if “the known and potential benef…
It's not a matter of how diversified a fund is but how much of a stock the fund, or more broadly the management company, owns. A fund could grow 10x its size and not throw itself off kilter. It could simply buy 10x as much of everything.
As an a…
Here's the entire letter including footnotes:
https://www.grandeurpeakglobal.com/documents/grandeurpeakglobal-pr-20210212.pdf
I might call it a demisemi-hard closure. The hard closed funds will remain open for for two more weeks, and when they do …
And that turnover, despite the fact that futures trading requires more turnover, is still very high.
From the SAI: The [turnover] calculation does not include the turnover of other instruments in which the Fund more commonly invests, such as commo…
Good grief! SPCAX has a turnover ratio of 4,249% according to M*. Maybe @msf’s legion of fact checkers/researchers could compute the average holding period for a typical position given that number. IIRC, a 20% TOR results from holding a position for…
@wxman123 You're right, I read too quickly. My apologies (though the graph is correct and in fact matches your later sentence).
It's okay to misread to oneself, but I should have been more careful before going further and writing that numbers …
PIMIX still has the highest Sharpe ratio, lowest drawdown and no down years
The following performance graph is from PIMIX's 2009 statutory prospectus. You can take it on faith that this is for the institutional class shares for calendar year 200…
R shares are closer to C shares (level load, never converting) than to B shares (back end declining load, converting).
Here's what the prospectus for MRLOX says about C and R shares:If you select Investor C or Class R Shares, you will invest the fu…
MALOX is a solid world allocation fund. For over two decades (until about a decade ago), it paced PRWCX (a domestic allocation fund) nicely. It returned less over the past decade, likely because international investments generally returned less.…
"Highland Capital Management LP, once a giant in high-yield debt markets, filed for bankruptcy protection Wednesday as investors and former employees seek more than $200 million from the firm for alleged improprieties."
...
If anybody has more up t…
I have not checked other firms; but the following is a standard footnote for other information at Fidelity, aside from what may be in a prospectus for a particular investment.
Free commission offer applies to online purchases select ETFs in a Fidel…
"the groundhog just saw his shadow which means six more weeks of winter. "
THE groundhog? If we're talking prognosticators, shouldn't we go with the better track record?
It turns out Staten Island Chuck is, on the whole, more reliable than Phil …
One can research ownership info on M*. Each company's page has an "Ownership" tab, e.g. https://www.morningstar.com/stocks/xnys/gme/ownership
In addition to showing individual funds and fund complexes/institutions holding the largest number of sh…
Naked shorting is selling a security short before you have identified the particular shares you are selling. Except for market makers this is illegal.
The general prohibition of naked short selling is Rule 203(b)(1), codified as 17 CFR § 242.203(…
Stocks that are heavily shorted are most susceptible to Robinhood trading
ISTM the risk of a short squeeze (and manipulation thereof) increases rapidly as the magnitude of short positions increase. A stock that is shorted more than 100% (by one i…
