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.
In 2015, 10 year treasuries yielded 2.14%, in 2016 it was 1.84%, then 2.33% (2017), 2.91% (2018), 2.14% (2019), and 1.17% (annualized) so far this year. So just looking at yield, one might have hoped for a tad north of 2%/year.
https://www.macrotr…
I would rather not have to set up another account, especially a retirement account to buy Marcus CDs. While FDIC guarantees work ( I lost two CDS during the 1980s housing crisis) it does take some time to get your money back so there is some opport…
But, the govt. does not give something to you for nothing. My RMD factor will be higher on my 2021 distribution than my 2020 because as you age the factor increases.Hope springs eternal. Last fall, the IRS proposed new life expectancy figures tha…
I think it is difficult to be invested in a bond fund that is supposed to be "ballast" to your equities and then see it drop 13%
A "Core " Bond fund IMHO should diversify and provide some income but not reach for yield, etc. With treasury yields …
M* analysis dated March 30, 2020: "Despite its burgeoning asset base of over $19 billion as of December 2019, the portfolio’s characteristics have not strayed. The fund closed to new investors at $9 billion in assets in May 2010, so it’s unlikely to…
To be rated above average, a fund must be in the top 32.5% of its category (but not in the top 10%).
PRIDX came close to above average performance, but didn't make it over 3 years (38th percentile) or 10 years (33rd percentile). Shift that 10 …
IMHO it's not that people took on more risk than they thought but rather that people do not appreciate what risk is. Stuff happens. Risk generally is rewarded, but the ride can be jarring.
The average 10 year returns for multisector and for inte…
Just another way of saying that it was goosing returns by investing too much ("many of the securities the Fund holds") in high risk sectors of the market that no one would want when the market turned south.
Barron's, March 23: The $2.3 billion mort…
The name is new, the daily management is new, the global allocation objective is new. Only the family (AMG) is unchanged. I would treat it as any other new fund - check into the managers, the management company (now GW&K, was Chicago Equity …
This looks like a pretty standard core plus bond fund. The statutory prospectus says that "The fund may invest in debt securities of any maturity or duration."
My impression of Capital Research and Management (American Funds) is that it's gen…
It's got at least 21 different tickers (share classes). Class F-1 is MIAWX. ER is 0.90%
Here's the prospectus with all the tickers.
Haven't looked too closely yet. At least some of the managers are picked from other American Funds, so that…
The share classes of USAA (now Victory) funds resemble those of American Century funds:Noload retail: USAA "Fund Share" (e.g. USTEX) and American Century "Investor" (e.g. TWCUX).
Class A adds load, 12b-1 fee; often load waived w/ fee-based advisor, …
It was a merger of Charter and Time Warner Cable. Before the merger, they were ranked 2nd worst and worst respectively. I don't remember the source of that ranking.
https://ir.charter.com/news-releases/news-release-details/charter-communication…
Schwab sells Victory Class A funds NTF to its retail investors. It doesn't seem likely that it would turn around and charge the load only to its newly acquired USAA clients.
Schwab bought USAA management for its client base, both 1.5 million curr…
USAA recently sold its mutual funds to Victory and its management company (including its brokerage and managed accounts) to Schwab.
The current (August 1, 2019) prospectus starts by saying that "The Adviser Shares listed in this prospectus are a…
I gotta tell you, for the cheapest go-to, "shareholder first" fund company out there, Vanguard is sure the most bureaucratic fund company out there. Trying to do a simple XFER by mail is a complete nightmare.
From Vanguard email I received: In a fe…
@Mark - I appreciate the clarification.
As you commented, this is an old issue. While these incidents raise questions of competency (compliance) and of ethics, I believe they're generally small and limited to new funds.
The main impact I can …
SEC alleges willful violation and other funds were cited as well (Pimco etc.)
Outside of PIMCO, do you know of other bond funds inflating their early performance this way?
https://www.sec.gov/news/pressrelease/2016-252.html
The "willful" part wasn…
It's so tempting to buy now IOFIX,VCFAX and especially EIXIX which I think is "safer" but I don't dare. These broken MBS might have a problem
[and later ...]
Corp bonds rated invested grade were down 13% from the top. Black swan is unknown ... Pi…
And now people are getting follow-up letters also SIGNED by Tweety Amin explaining the check and how he 'proudly' signed the bipartisan legislation (despite having no Dems at the signing ceremony).
Our follow-up letter is coming today, according to…
If you've got $100K in cash, Merrill provides access to some institutional funds. Even these are pretty anemic, struggling to get up to 1/4%, unless you're willing to try one of the floating NAV money market funds created specifically for institu…
T Rowe use to have some tools I used, such as portfolio analysis with a Stock Overlap feature. Do they still have that?
I have tried logging on but they do not recognize me nor can I find a way to create a new account. I have some T Rowe funds but t…
I own PRIDX. ... It fell hard with coronavirus. But it's coming back, down -13% now, ytd. Down to 3 stars, but still with a silver decoration. ... Top 15% among peers, ytd. Not a great showing compared to peers LAST year, but still very good indeed.…
I believe that, unlike many cash back cards, Fido credit card now sends the tax form for these 2%, so it is not 2% cash back (no taxes, just cash return), but 2% minus taxes.This has been settled law for decades now. Here's a CNBC page discussing …
Also important to note is that this fact checking is of opinion pieces ("pundits"), not of the straight news reporting. Still, one would hope that even opinion pieces would all present the same sum for 2+2.
On the flip side (viewers), here's a st…
"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…
