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@hank - thanks for the last paragraph, otherwise I might have read the whole post as tongue in cheek.
Seriously, opening up a Fidelity (or any brokerage) account is little different from opening up a mutual fund account. If you do open up an accou…
I noticed that and didn't feel it was worth investigating. A guess is that "live" meant that Shiller was done designing his index. After Sept. 3, the design was set in stone and in front of the world for people to follow in real time. In contra…
See this
http://quotes.morningstar.com/chart/fund/chart.action?t=fzrox
click Maximum
Fido index is included, then add FSKAXRight idea. Unfortunately that only gets one half way. The only benchmark on the page is for FZROX. To see the FSKA…
Having already having checked out your figures before giving numbers, I would have offered an explanation for the discrepancy after your 12:10 post.
Now I'll just offer the observation that many people like to post numbers without citing sources. …
Points, obviously, though I assume that you incorporated that (somewhat) in your mention of rates. One should consider points carefully, because the more you prepay the greater the impact of those points on your effective rate. Related are closi…
FSKAX has outperformed FZROX over the latter's lifetime, YTD, and over the latter's lifetime excluding YTD (just in case one figured that this year skewed the lifetime numbers).
The two funds follow different indexes: FZROX follows a Fidelity propr…
FWIW, and this is not advice, I'd consider it a hold or slight sell.
As I asked in a recent thread on PIMIX, have your reasons for holding it changed? It's a 2x fund, 100% stock exposure + 100% bond exposure. That's always been true, it hasn…
The DoubleLine Shiller Enhanced CAPE®, [is] an investment strategy pairing Shiller Barclays CAPE® with an active fixed income strategy (DoubleLine Short-Intermediate Duration Fixed Income, or SHINT. ...
Introducing DoubleLine Short-Intermediate Fix…
“Generally, Fidelity funds have a $0 min.”
@msf - Does that mean that if I send $10.00 (ten-dollars) to Fidelity I can open 10 accounts in the amount of $1 each in 10 different funds? If so, I’m just crazy enough to do it!Yup. I just entered an o…
Generally, Fidelity funds have a $0 min. Likewise, Schwab offers 60 house funds (Schwab and Laudus) with no mins. In addition, Schwab offers nearly 3K outside funds at a $100 min, including 110 from T. Rowe Price. (All figures are for open, NTF f…
Before I start sounding like a Vanguard apologist, let me say that in my experience Vanguard's human service is inferior to that of other providers including Fidelity, Schwab, and T. Rowe Price (where I've been helped not only with fund investments …
To one extent or another, several of the larger fund companies started offering brokerage services a couple of decades ago or more (Fidelity, Vanguard, T. Rowe Price, American Century).
These days, people think of Fidelity not so much as a fund …
The simple way of computing an average credit rating would be to score AA's as 1, BB's as 2, etc. (with fractional adjustments for AAA, A, etc.). That's what many sources do.
M* instead weights each grade by the risk it represents. BBB bonds …
Hi guys,
Yes, have owned PONAX even before it was that and the ER increase. ...
God bless
the Pudd
PONAX's ER bounces around quite a bit because the SEC requires it to include the costs of traditional leveraging. These are genuine costs: borrowi…
The PIMIX assessment was based solely on PIMIX previous years. In 2018 it was at 18% in its category but making 0.6% is pretty low when PTIAX made 2% and SEMMX made 3.9%.
Possibly the comparison with PTIAX alone was deemed not sufficiently persuasi…
Looking for usenet files that I've got scattered all over the place in backups of backups of backups, I ran across a posting of Ed's that I saved, from mid 1999. We can reasonably figure that I moved to FundAlarm some time early this century.
Tha…
For me it was misc.invest.mutual-funds (with a hyphen :-)) to FundAlarm to MFO. I believe I followed Ed to FundAlarm when nonmoderated Usenet groups became nothing but spam.
PIMIX was a great fund until the beginning of 2018. PIMIX is still a decent fund
I would go with PTIAX. LT good record + good downside protection. 2 more option are TSIIX and ADVNX
2018 returns:
PTIAX: 2.01%
TSIIX: 0.68%
PIMIX: 0.58% (still top qu…
@msf Thanks, your questions have helped greatly in my thought process
I am concerned about my category selection rather than my fund selection.
I purchased an active bond fund because I think active management can add value over passive …
I considered investing in PIMIX a while ago. In the multi-sector bond category, PIMIX had generated top-decile trailing returns with below average volatility. The fund's non-agency mortgage sector investments accounted for much of the strong perform…
I've been curious about this. Independent of the 2005 change in the bankruptcy law (which qualifies as something new since the 80s), the bankruptcy code has a clawback provision. This allows the bankruptcy trustee to go after payments the company…
Are you concerned about your fund selection or your category selection? PIMIX is matching its category average YTD (-0.81% vs -0.78% category) That's not to say you couldn't easily find a multisector fund that's done better short term.
Why di…
In the chart "The Front Line: Visualizing the Occupations with the Highest COVID-19 Risk", they use a numerical scale to measure least to highest risk occupations. Not a percentile. And these are relative numbers not absolutes.
Not percentile of oc…
Latest email update. It sounds like people will be forced to move from mutual fund platform to brokerage platform no later than 2022.We're working toward the retirement of our old investment platform, which supports accounts that only hold Vanguar…
The last line quoted doesn't say that herd immunity may not be possible. It just says that the studies suggest natural herd immunity for SARS-COV-2 can't happen.
The sentence in the CNN piece immediately following the one quoted calls attentio…
@LewisBraham has a good post, but I think it misses another point. @davidrmoran gets closer with his observation "wait, you did the OP and now want someone else to do the work for you?"
More broadly, posts like these containing numbers purporting…
Helen Young Hayes, manager of JAOSX and its older sibling JAWWX (Worldwide) was a headliner in the 90s. The once-vaunted Janus Worldwide has seen a remarkable reversal of fortune. It was once one of the most well-known growth funds around, and wit…
This fund appears to be a short term core plus fund, if not a multisector fund:
The fund may invest up to 35% of its net assets in corporate bonds, bank loans, and other debt instruments that are rated below investment grade (below BBB-, or an equiv…
FWIW, there are a few remaining free Usenet (nntp) servers (for text groups, not binaries). I still find misc.taxes.moderated one of the best places to go for arcane and not so arcane tax issues.
As rono said, many of the unmoderated groups li…
Ford gave the unindicted co-conspirator a "full, free and absolute" pardon for crimes he might have committed.
https://www.history.com/this-day-in-history/ford-pardons-nixon
Even though US is not yet official in recession,
The official definition, such as it is, is whatever the National Bureau of Economic Research (NBER) says is a recession. And NBER said last month:
in deciding whether to identify a recession, the …
Ask and ye shall receive. The first step, anyway ...
WaPo: New York judge gives Trump deadline in lawsuit over tax returns following major Supreme Court ruling
A federal judge in Manhattan has given lawyers for President Trump a Wednesday deadlin…
On its web page (at Wasatch) the Availability line reads:
Closed to most new investors through third party intermediaries
So it ought to be the same as these three other funds - available through direct purchase but not through third parties. Exc…
Doctors can still prescribe the drug for covid-19 because it is approved for other illnesses. But Navarro said the FDA’s safety warning and withdrawal of the emergency authorization had effectively killed demand.
What's the problem? Anyone who wan…
But it seems that Covid-19 isn’t an equal opportunity infector—minorities have suffered more.
I don’t agree with that. It is an equal opportunity infector. It is not an equal opportunity killer. If you are old, you are going to have a reduced immu…
It's hard to see how much value active management could add to treasury funds. There's essentially zero credit risk. The only dimension to play with would seem to be duration.
The short end of the yield curve is usually the steepest, so perhap…
While I generally try to take a longer view rather than be unduly influenced by (relatively) recent experiences, I admit upfront to being biased here by the 2008 collapse of the muni bond insurers.
ISTM that insurers can provide a valuable service…
