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.
"All Pimco Instit shares have one million min at Fido but just $100K at Schwab. This means that for every $100K you will save $250 at Schwab per year"
PIMCO Total Return Fund costs by share class (from summary prospectus):
PTTAX (Class A) : 1.05%
…
https://marketwatch.com/story/this-new-evidence-shows-nicotine-might-prevent-smokers-from-catching-coronavirus-2020-04-24?siteid=bnbh
"They plan to conduct further clinical trials if authorized by French health authorities. The authors of the study…
Now we know what Gov. Kemp had in mind. Light is a disinfectant. Reopen the tanning salons. Turn them way up so that the light penetrates all the way to the lungs. And they even use UV light, something Trump explicitly mentioned.
It doesn't…
Lysol may be owned by a company in the UK, but it is manufactured right here in the good old US of A.
According to the WSJ: A century ago, Lysol marketed itself as a weapon against the Spanish flu, which rolled across the planet, killing between 20…
I did a quick search for Lysol on foxnews.com and msnbc.com in the past 24 hrs.
I came up with only one page on Fox News, with the title Media erupt over Trump comments on disinfectant and sunlight to cure coronavirus: Here's what he said
Mo…
Hard to find anything on point since, as the quote below suggests, nothing explicit exists. Still, FWIW:
Furthermore, although qualified charitable distributions (QCDs) can be used to satisfy your RMD, I believe that you cannot make a rollover con…
Fidelity for me and others who like to invest in Instit funds and trade sometimes is a better choice. That's how I invest.
Fidelity?
- Schwab has a better online platform. It’s easier and more intuitive.
What's your metric? Something quantif…
"I can just buy Fidelity® Select Technology Portfolio (FSPTX) with ER=0.72%. And I don't need to wait 3 years to get ER=50%"
That's true. WIth FSPTX you'll need to wait forever to get an ER of 0.50%.
"Can you find another big discount broker tha…
While contributing money to an IRA and making an investment within an IRA are often performed in a single step, they are conceptually two different operations with different sets of restrictions.
Be careful. From what you wrote above, it soun…
If this appeals at all, consider making a minimum investment and waiting three years. Then all investments will receive the lowest share class ER.
This differs slightly from the way class B shares were handled by load funds. Traditionally any new…
YOU have 60 days to return it from date of distribution, I believe I read. Although that may be from CARES implementation.
(Already taken out your 2020 RMD but wish you hadn’t? You might be able to roll over distributions you’ve already taken for …
The suggestion that "those who took an early distribution should be able to put it back" is not always true. If someone were to take an early RMD distribution from an inherited IRA, that person would not be able to put it back. That's because, as…
It may or may not be true but I read that FOX wasn't even licensed as a News network but as entertainment unlike the other networks like NBC CBS CNN and even MSNBCNot true, and as this Snopes page asks, are you talking about the Fox broadcast networ…
It's an interesting idea, but I have my doubts about whether it would work. In order to make a QCD, the money goes directly from the IRA to the charity. It's something like a direct rollover where the IRA sends you a check, but one made payable …
"It doesn't matter what anybody thinks, the price reflects the end results of all decisions. The price is always right " (FD1000, April 9).
As to what those decisions are based on, the LA Times article makes a good start in observing that consumpt…
Recently I've had multiple bad experiences with Vanguard.
I've identified what appear to be two sources of their problems:
- Vanguard is focused on its brokerage side, virtually to the exclusion of its mutual fund platform
- Vanguard's front lin…
That's a good point. Though excise tax revenue is a fixed amount per gallon, so at least revenue doesn't drop as gasoline prices decline. The revenue declines "only" because gasoline consumption is rapidly declining.
Merchandise is still being …
Watching oil prices now - they're "down" 103.7%, meaning that they've "dropped" 103.7% from around -$37 to around +$1.37.
That is, the price change is in the neighborhood of -103.7% x -$37 ~= +$38.37
Ain't arithmetic great :-)
Gasoline prices operate in a rigged system. When oil prices fall, it takes several weeks for the drop to work its way through the pipeline. But when oil prices rise, gasoline stations raise prices almost immediately, citing "rising costs".
"In …
I moved money from Vanguard Prime to this fund because it would be "safer". I need to move it to high interest money market I guess. Or make some other plans.
The closing of a fund is a change, and change automatically suggests risk. Here the pur…
Vanguard says this is to preserve yield as rates on Treasury paper plummet. If there isn't a lot of money flowing in (net), the fund doesn't have to buy a lot of low yielding notes all at once. So closing is a good thing for existing investors.
…
Agree. Very nice set of papers from @sma3.
I've been going through the NEJM paper and have some clarifying questions about the oxygen support figures. From a high level perspective, this detail doesn't matter, but I do try to understand various…
I don't disagree that it is promising. Which is another way of saying that it hasn't flunked a trial yet.
What these drugs do is treat a disease, not end a pandemic. Though in shortening the period of time that someone has a disease it can have…
This sounds Promising but the report is only anecdotal at this point. We need to see the full results from the clinical trials that are ongoing. Unfortunately, "anecdotal" is one of those words that is bandied about without clear meaning. I'm af…
Consider someone working 11 hours a day, leaving 5 hours for personal time, and 8 hours for sleep. That person would not be especially inclined to give up one of those few personal hours for extra pay.
Suppose that nevertheless this person would…
On March 21st, the IRS extended the due date for the first quarter payment to July 15, while leaving the second quarter payment due on June 15th.
Apparently a week ago (April 9), the IRS finally untangled this mess by making the second quarter paym…
DERI APRs are now down to 1.75% (under $10K), 1.85% (up to $50K), and 2.00% (over $50K)
https://investors.dominionenergy.com/fixed-income/dominion-energy-reliability-investment/default.aspx
GM Financial Right Notes® are currently paying 2.00%, $50…
Well, we got our reduced virus check by direct deposit today. It partially paid for our quarterly tax which also got withdrawn today by the IRS.
Would that be your first quarter estimate (which is due second), or your second quarter estimate (which …
The tendency of some people to want to work less as the net hourly rate offered goes down.
If you're anxious to work an extra hour (if you can) for $14/hr, but less inclined to do so for $12 (after taxes), then you'll be even less inclined to work …
There is an inherent conflict between economically efficient service and universal service.
Once upon a time, the United States felt that it was important to provide universal access (at affordable rates) regardless of the additional cost. For…
Here's an economics pop quiz:
Your job pays you $10 per hour. Today you get the great news that your boss is bumping your wage up to $14 per hour. (Congratulations!) At the new wage, do you want to work more hours or fewer hours each week?
If you …
There are two rules (that I know of) in CARES regarding $100K distributions from traditional IRAs. If one could combine them, one would have a fantastic loophole on Roth conversions. I don't think it works, though.
First, the basics. As catch…
FXAIX didn't perform better because it didn't have a lower ER all these years. The main difference between me and others is that I supply numbers and not just narrative;-)
It would be very time consuming to find ER for previous years but from mem…
Anyway, let me add that FXAIX does not outperform either Vanguard SP500 product if you go back to their spring 1988 origin, only more recently.
Nothing to do with insecurity, trying to be accurate. FXAIX didn't perform better because it didn't hav…
Rarely have I seen such ineptitude from public servants. The Navy Secretary (acting) is gone.
IMHO such ineptitude tends to come more from self servants than from public servants.
Speaking of facts which are not in evidence (at least to my knowledge…
From the timeline (see timeline page for embedded links/citations):
March 26: TR begins testing entire crew for COVID-19. In Washington, Acting Navy Secretary Modly and other Navy officials say the carrier will pull into port in Guam, fulfilling pl…
I've got a minority, and more cynical, view of Modly's "recant".
Modly's remark (for which he flew at least 4,000 miles - the distance from Hawaii to Guam - to deliver in person), was that either Captain Crozier was stupid to think that his lett…
"On Saturday, President Trump weighed in, saying, “I thought it was terrible what he did.”What exactly is it that he did that you found terrible? Please do go on ...
"To write a letter? I mean, this isn’t a class on literature."
I'm sorry, I'm st…
That was some time ago. As I recall, I tried without great success to match the performance of the bond portion of the portfolio with various other DoubleLine funds. There wasn't a good match unless one took it piecemeal, finding it similar to a…
