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.
If I remember correctly, Bridgeway Large Cap Value and Large Cap Growth funds were sold to American Beacon using their moniker (still managed by Bridgeway); however, you could not do an exchange of money from the American Beacon Bridgeway Large Cap…
Would there be a lag between passage and shovels. Of course.
What would you do now about people about to be evicted from their homes, people already waiting hours in lines for food? Apparently nothing, you want only infrastructure:
Screw this n…
FPPTX is less than double the size of total AUM ($200 million) larger than QRSVX ($132 million). Keeping the "I" shares will be interesting. Can I exchange money into other FPA "I" funds?
What other "I" funds are there? The Queens Road announc…
AFAIK, the longest redemption fee period ever was imposed on (no surprise) Vanguard Horizon funds. These were four funds created as long term investments on August 14, 1995. The fee was 1% on shares redeemed in less than five years.
Here's the l…
Stable value funds ... “invest in both short- and intermediate-term securities and follow the traditional concept of investing where the value of money over time generates a higher yield,” notes John Faustino, chief product and strategy officer at …
am glad that yields aren't NEGATIVE (yet.)
Oh, ye of too much faith. A few days ago I was looking through funds a tad up the risk scale past "near cash", and found a few short term government funds with negative yields (at least negative 30 day …
>> The way it's currently done
Posted inflation data are chronically 4y out of date? That seems the conclusion, but I wonder; you'd think that would be bruited everywhere all the time.
I think what it's saying is that while the 2016 CPI is c…
The cost of the residential natural gas itself has gone down from 29¢ per therm (July 2019) to 24¢ per therm (July 2020). Not a down a third, just down a sixth.
Cost of gas to your home is a total cost. That depends on how much gas you use, whic…
That's the issue I was alluding to in my apparently feeble attempt at a joke about buying up cheap airline tickets. How, and how quickly, the basket of goods should be adjusted for consumer purchase patterns is a good question.
The way it's curre…
Screw this new round of stimulus and simply pass a $5 trillion infrastructure package. Let the states decide where to spend their share. Create jobs damnit.
There's immediate relief (to help people put food on their tables, keep a roof over the…
"Do these people EVER walk into a grocery store ...?"
Sounding like a broken record, I'll repeat that people tend to notice "pain" (rising prices, investment losses) more than they notice positive events (prices going down, investments gaining). …
Covid data no longer to CDC, but to HHS article.
The HHS "new" data system in place. You may be the judge, of course: to its quality.
Here's the new HHS site, HHS Protect Public Data Hub, with data allegedly bypassing CDC:
https://protect-public.h…
Does indoor or outdoor attendance show in the above link ? Also type of venue ?
Stay Safe, Derf
The tool is more for fun and getting a stratospheric view than for precise analytics. So it might be …
Earlier this summer we rolled out a new Fixed Income Exposure Analysis, or FIEA, component for Morningstar Direct and Morningstar Office users.
M* continues to service its professional customers, while tossing at most a bone to their Premium subsc…
"some of which were granted on July 27 the day before the loan was officially announced."
As I wrote a few days ago, let's put that "some" in perspective.
On July 27, right before the news hit Kodak granted options with an average exercise price…
Here's the NYTimes link:
https://www.nytimes.com/2020/07/31/business/mutual-fund-winners-stocks-bonds.html
I ran across this study a couple of months ago. You can find a list of Prof. Choi's papers (including links to free versions) here:
https:/…
Not meant as a recommendation, but if you're interested in a fund with Marathon as the sole advisor, you could look at HAINX and HAIDX. M* says that the difference is that the former is restricted to developed markets. Though the latter holds just…
And therein lies a problem. Outside of the broad message,"diversify so that you don't miss the 'good' stocks", I'm not sure he's clear himself on what he's trying to say.
FWIW, the Bessembinder paper he cites compares individual stock performance…
Regarding Michigan driver's license: Like other states, Michigan requires you to prove citizenship or legal presence if you want a Real ID license. A birth certificate is one of several documents accepted for this purpose. Proof is not required …
John Rekenthaler (M*) recently wrote a column about how Vanguard is gradually shuttering its actively managed US equity funds, specifically VULVX. He observed that Vanguard's actively managed US equity funds have not performed well relative to thei…
According to the Time Magazine article (link, please), Martha "unloaded all 3,928 of her company shares just days before the FDA's decision had been announced to avoid losing an estimated $45,673."
She was not jailed for insider trading. Her co…
Is this the video? It's dated July 8th, so it may be something older than what you received.
https://www.troweprice.com/institutional/us/en/insights/articles/2020/q3/four-reasons-credit-is-attractive-now-na.html
I agree with that sentiment, and would offer higher praise than "decent". But IMHO that applies to those actively managed funds that Vanguard outsourced to companies like Wellington, Primecap, and Bailie Gifford.
https://mutualfundobserver.com/dis…
"I’d be very interested to see what the yields were in October and November of 2019, but I can’t find that."
Click here to download (.csv file) all the daily dividends from date of inception:
https://www.tcw.com/data/div/DailyDiv_MWFSX.csv
That do…
It's not just tux rentals but clothing sales (Men's Wearhouse, Jos. A. Bank, etc.). "There is not going to be as much demand given the work from home environment." (CNN story, link below.)
Tailored Brands had been working with bankruptcy advisors…
Generally speaking, different years are good for some types of investments and bad for others. That's why 1994 is so interesting - little seems to have done particularly well.
Obviously 2008 was a disaster for equities, and serves to get one focu…
In "the never had a losing year contest" it's not meaningful to consider funds that did not exist prior to 2008 IMO. IMHO the whole concept is an arbitrary numbers game. While I tend to agree with you about having an interest in 2008 performance…
If you want only funds that never lost money then performance could lag badly. PFNIX 10 years average annually is only 2% and that's a dismal bond performance.
I'd suggest you might have a typo, but you've assured us that whatever was posted, you m…
There's been some talk, largely positive, e.g. Feb 2019 thread on int'l funds and the thread this month on swaps that paid off where some people wrote of swapping into this fund.
I've been taking a close look at this fund. You're looking at it as …
CNN notes that "The Moderna/NIH vaccine is one of 25 in clinical trials around the world, according to the World Health Organization." It doesn't say anything about the phases of those trials.
"U.S. Moderna engaging warp 3" sounds more impressive …
EM countries are not a well defined class. You have to decide which collections of countries you're interested in when you select an "emerging markets" fund, whether active or passive.
Obviously, the inclusion or exclusion of smaller economies wo…
Using rounded figures for back of the envelope calculations:
EDV:
2013 Price loss: 1 - 89.62/116 ~= 22¾% (Yahoo figures for 12/31/2012 and 12/30/2013)
2013 Yield: -18.86% - (22¾%) ~= 4%
Say that PSLDX had bonds of similar maturity, so it should h…
It's always been (for decades, anyway) about broadcast money, less about people in seats. Even before sports cable:
In 1985, NBC got a break when Major League Baseball dictated a policy that no local game could be televised at the same time that a…
Hi @Charles,
I appreciate the focus. Death is more severe and less ambiguous. Though even here, there are often questions about the actual cause(s) of death and contributing factors.
I think we both try to look behind numbers to see what is g…
You may be mixing apples and oranges. A reduced mortality rate (thanks in part to increased knowledge about treatment) is not the same as a reduced infection rate. Especially since we're finding out that the long term effects on those who survive…
To clarify: "all current shareholder may continue to purchase ... shares", not just those who invest directly with the fund.
However, when investing directly through Vanguard, all Vanguard funds except Star have a $3K (or higher) initial min, which…
I respectfully disagree with some attributes ascribed above to PSLDX, while acknowledging that it has significantly outperformed funds that could nominally be called its peers.
While PIMCO dates its StocksPLUS strategy to 1986, this strategy is "us…
@hank - linking tip. The time (or date) stamp under your name at the top of your posts is actually a link directly to your comment.
Here's the LINK to your March 2017 comment.
