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Well that's disappointing, though the limit was so low that it doesn't really affect much.
... and losses in US Mail are cited as reasons
If you've got a problem, don't fix it (improve USPS), avoid it.
The USPS lost one of my refund bonds a few y…
If you don't like TRAIX as an example of a fund share class that slipped through the cracks, here's another share class that Kinnel missed: NCRLX.
Kinnel requires just one manager to have invested $1M. It doesn't even have to be the longest tenure…
TRAIX management fee is 59 basis points, still not the lowest quintile. It would have to be below 50 basis points to qualify.
Source?
On the TRAIX M* price page is a bar graph divided into quintiles that labels the price of TRAIX as "low" (first…
Apparently, most but not all of the initial shares are still locked up. On Aug 22, a few execs sold between 3,467 and 84,941 shares @$22.70. Not enough to move the market, but the rats may be lining up to jump ship.
Here's the EDGAR search resu…
But my concerns are the investors who have poor/no knowledge of options but are buying options-based funds thinking that they are all-weather income funds.
Exactly. I've mentioned risk profiles in a few other posts. There's been little response b…
Passive ETFs require daily holding disclosures
A common conception but the rule is actually the opposite. Based on the premise that investors already have a very good if not exact idea of what's in a fund that passively tracks an index, disclosu…
I respectfully disagree.
Kinnel wrote: "purely a screen; I don’t make any additions or subtractions." He says these are "simple, strict screens." Either one can access a particular share class or one can't.
The hoops one must jump through…
Dueling, context-free, mismatched numbers:
Q1/2017 through Q2/2020 vs. Wikipedia's "real wage" figures from the "2017–2019 period".
There's a well known golf saying (a rule, actually): Play it where it lies.
Covid hit during Trump's administrat…
Most of these ratings are machine driven anyway.
True, and that's what disqualifies most funds from the list.
"Funds must be rated by Morningstar analysts". That's human beings, not machines. If you're making a broader statement, that analysts…
RE in general has had a good year.
VNQ
VGSIX
Even FRIFX has moved up 10%ish
The sector's raw performance is good. A rising tide lifted all boats. Relatively speaking, not so impressive.
YTD, S&P 500 RE is the third worst (out of 11) perf…
I don't pay too much attention to sectors, so take the following as questions and observations from someone who knows just enough to be dangerous:
Do homebuilders like Pulte (a name I do recognize from having lived in suburbs) take out short term l…
PRWCX didn't make the cut because its cost isn't much below average. But TRAIX's is, and it is available to individual Summit Preferred Services customers at T. Rowe Price with a $50K min. ("Must be a share class accessible to individual investor…
Vanguard mutual funds cost $75 to purchase at Fidelity.
If 'twere only so.
Effective June 3, 2024, the transaction fee for Vanguard and Dodge & Cox mutual funds will increase from $75 to $100 per purchase.
https://www.mutualfundobserver.co…
I am more focused on the short term fund and I did a little comparing already. Vanguard has three short-ish muni funds: VMLUX, VTES, and VWSUX.
Vanguard comparison page
New funds' prospectus (draft)
VTES is passively managed. VSDM (Short Durat…
IOW, undo the Boeing/McDonnell Douglas merger.
The European Commission in reviewing the merger considered " potential spillover of benefits from the McDonnell Douglas defense business to the Boeing commercial airplane business"
https://boeing.media…
I looked into the Monument Annuity years ago. It looked like an interesting idea. Then it was sold to Nationwide and as I recall it became difficult to buy without an advisor. Glad to see one can buy it direct again.
All in costs are comparabl…
Fund Class ER Ticker M* Lipper Annuity
Taxable Bonds
Bank Loans
Fidelity VIP Floating Rate High Inc. Inv. 0.79% 0P00011U4F 5 5/4/5/3 Fidelity
High Yield
Fidelity VIP High Income Inv. 0.86% 0P00003ESA 2 1/1/2/4 Fidelity
Vanguard VIF…
I found the site about a week ago. Seemed reasonably good. Was planning to poke around a bit more before mentioning it.
Regarding VPM[AC]X - Finormal says "The suggested benchmark for VPMAX is the Russell 3000." That's reasonable since Primec…
@msf, HSFAX? Typo?
HFSAX. It's too easy to transpose letters. At least I got it right in the original PHEFX thread and in the Portfolio Visualizer analysis.
A lot of people are showing fascination with these "newfangled" trading funds. Not only newfangled but new - PHEFX is barely a year old. So how much one can understand about a relatively complex fund beyond the fact that it started hot out of the…
You might the title of the thread to something like: Fidelity Latin America fund to be merged into Fidelity Emerging Markets Fund. "Reorganization" may be more technically correct (legal). But "merge" is more descriptive.
@msf "I do know that at Vanguard you generally cannot link Vanguard accounts to outside institutions. " Generally" comes into play here. I just finished looking at my VG account & I can move money in & out to my local bank. Since establish…
The biggest breach of all may be the NPD - National Public Data breach that will affect almost everybody. NPD is a national database used for background checks & fraud prevention and it most likely has your data too.
And those of your deceased …
My son just opened TRP acct. Everything went smoothly until attempting to link his credit union acct with TRP.
Was he trying to link his CU account to TRP (i.e. have the TRP account recognize the CU account), or was he trying to link TRP to his CU …
If Schwab.com is down I haven’t found another way to Schwab Bank.
In a post (way) above, I suggested that Schwab Bank may be just another internet bank. This tends to support that view. I suppose you could call Schwab and see if they can help a…
Thanks, Yogi.
I use M* mostly for charts and mostly for comparative charts. I have started to use M* Investor for comparative charts as I like the daily ones over monthly or weekly for that purpose.
I'm not clear on what the issue is here. The …
Volker raised rates to their peak under Carter. Rates were cut at the start of Reagan's administration only to be raised again to that peak in June 1981. You can see the twin peaks in the graph below.
Fed funds rate (blue) vs. CPI Y/Y (inflation;…
B-G's funds have been out of style for the past few years. It's not just with HAIGX and B-G's sleeve of VWIGX. M*'s automated analysis notes: "The parent firm's five-year risk-adjusted success ratio [is] 21%". See, M*'s quant analyses are not e…
Curious why you are using March 31 portfolio info. M* shows June 30 info - 60% fixed income. Very different and dynamic as you mentioned. Seems like a tactical long-short allocation fund.
As @hank did in another thread, you are looking at M*'s econ…
That March piechart appears to be slices of gross assets. Shorts (traded equity securities, index funds, sector funds) have their own positive slices.
Look instead at the Schedule of Investments, where "Percentages are stated as a percent of net …
I looked up other BoA branches within 15 miles of my home and they all had 2 out of 5 consumer online rating.
Under "branch services" BofA used to tell you whether that branch offered safe deposit boxes. This information has been removed. Consi…
Long term bonds (treasuries or other) are often regarded as useful primarily for placing bets on interest rate movements, i.e. speculating. Most of the time long term bonds don't offer enough extra yield over intermediate term bonds to be worth th…
Advantage Fidelity:
The nice thing about Schwab ATM is the fact you can take out money around the world and they will refund you the fee by the end of the month. (Confirmed; see footnote 8)
At Fidelity "The reimbursement will be credited to the a…
I vaguely recall Schwab saying years ago that some of its branches (largely west coast?) functioned as banks as well as brokerages. That doesn't seem to be true now - Schwab Bank seems to be a pure internet bank.
Fidelity used to have pseudo ATMs…
If anyone here has a self directed BMO brokerage account, please share your experience.
(My family has a small relationship on the banking side (walking distance to my home) and the BMO branch people are always very customer focused and the manag…
Scroll down to the holdings section near the bottom of the M* page. There you'll see 82.5% in bonds. I don't know why it doesn't match the 70% fixed income at the top of the page. Clearly this difference is coming from the 24% "other" allocation…
