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.
"Merrill edge ... only costs are to buy private bonds, which can range from 10 to 20 bucks/trade for small investments buy 5k-20k."
Except for:
- Treasury auction bonds: free at most brokerages, $29.95/trade at ME (since they're not avail online)
…
Don't just call it a 0.03% rate cut. Hype it, like index funds do when comparing their ERs. It's not a 0.03% reduction, it's a 60% drop in interest paid, from 0.05% to 0.02% for balances between $25K and $100K.
https://www.tdameritrade.com/prici…
"Loophole" is a loaded word that IMHO is being misused here. Since ETFs trade on exchanges they don't exactly fit into the 1940 Investment Company Act's rules for OEFs. That Act allows them to individually apply for "exemptive relief" so that ET…
I think what you mean is Soc Security payouts are designed so that on an actuarial basis, if you die on the day the actuaries predict, you would have received the same total amount regardless of your age when you start receiving your SS. That state…
"it’s a gamble waiting till 70; Uncle Sam keeps all your money paid into ssa for decades and you croak before ever taping it"
It's also a gamble waiting till FRA. Did you have a specific reason for waiting that long (e.g. spousal benefits that in…
About as likely is that these people are "independent" contractors and thus "executives" of their "independent" companies.
DoorDash will pay $5 million to settle class-action lawsuit over independent contractors (2017)
https://techcrunch.com/2017/0…
"The last four digits of payment cards for some consumers ... may have been leaked. "
Aren't we always being told: you're only being asked for the last four digits to protect your security? Right.
"nearly 100,000 delivery executives"
Sounds a …
I didn't have any problem. Vanguard gives you the option of going directly to the "personal investor" site, which I have not elected to do. So vanguard.com just brings me to the corporate portal, where I select "Personal Investors" to get to the…
You're conflating delivery mechanism (with various effects of their own) with addictive substances. The addictive substance in e-cigarettes such as Juul is nicotine. Same as in cigarettes, cigars, etc.
Cigarettes are proven much more dangerous?…
Boundary confusion here.
When StockCharts shows a heading of Dec 7, 2018 - Sept 24, 2019, it means the performance on those days, inclusive. So if there were no dividends, one would just take the closing price on Sept. 24 and divide it by the c…
The very first paragraph I wrote in this thread was:
"I generally suggest caution when evaluating a fund with recent poor performance. That recent performance distorts the longer term figures."
The same applies to funds with recent good performan…
You asked for an analysis, I provided one. That's all. As I wrote before, the fact that JABAX leans consistently toward growth suggests that the pond it fishes in plays a significant role in its performance. Aside from Puritan (more on that bel…
My apologies. While my inputs to PV were as described, that tool apparently refused to analyze more than a decade. Rather than indicate an input error, it generated returns over roughly ten years: Oct 2010 - Aug 2019. At least that's how it la…
What pops out immediately from JABAX's portfolio is that its equity sleeve is large cap growth, and has been at least leaning that way for the past five years or longer. See here. We've been in a long period, virtually the whole tenure of MPint…
Legacy M* OSDAX purchase page (just Vanguard and JP Morgan carry the A shares)
http://financials.morningstar.com/fund/purchase-info.html?t=OSDAX®ion=usa&culture=en-US
Legacy M* OSDAX performance page. Click on "Monthly" tab to get perf…
It looks like travelers who booked a package holiday (vacation) are automatically covered. So not only are arrangements being made to get stranded travelers back home, but those who haven't left yet may recover their money if not their vacation.
…
I generally suggest caution when evaluating a fund with recent poor performance. That recent performance distorts the longer term figures.
Looking at IVWIX year by year, it's done acceptable or better most years. 2012 was a year like this o…
I'm sorry hank, but the MFO thread you cited only contains an article saying that Thomas Cook collapsed. That article doesn't say what "collapse" means. It doesn't say whether this is any different from the last time Thomas Cook "collapsed" (in 20…
Capital Group launches first brand campaign in 87-year history
https://www.prnewswire.com/news-releases/capital-group-launches-first-brand-campaign-in-87-year-history-300909845.html
If that paragraph doesn’t give you a clue as to the worth of this article, this line just might:
Disclaimer: We aren't financial adviser or lawyer ...I think you missed the best part of that sentence. Disclaimers like this are important if the wri…
@hank , @Old_Joe - thanks for the comments. You wrote some of what I was thinking, but coming with a much better background. Here's a little more, based on what I've found and what I know:
Regarding bias, I suggest reading the first four letters…
We all look at different things and have our own biases, which is my way of saying that what follows are my less than complimentary thoughts about Rochester and Steelpath (two of Oppenheimer's acquisitions, including some of the terminated funds abo…
"A prime example of this would be Franklin Templeton’s Franklin Mutual Beacon Fund. The fund’s Class A (TEBIX), Class C (TEMEX) and Class Z shares (BEGRX) all launched in 1962."
Some of us remember Michael Price's Mutual Series funds, including Bea…
"Today we’re shining a spotlight on those that land in the U.S. large-value, mid-value, or small-value Morningstar Categories and that earn Morningstar Analyst Ratings of Silver or better. (We expect such highly rated funds to outperform over a ful…
They stated fairly recently that they were going to become better citizens. It's the fact that their behavior hasn't changed that's the news.
They're making the same tired claims - we can do more in secret, behind closed doors than we can with ou…
It could work, even with the blatant conflict of interest, if all that the added private inspectors did was cull some bad pigs. These private inspectors should not have the power to give a pig a "stamp of approval".
Suppose they reject 1/6 of th…
Krugman writes that " Obamacare ...dramatically expanded health insurance without either increasing the deficit or raising taxes on the middle class, relying instead on a surcharge that only affected a small number of high-income taxpayers."
Unless…
Just remember that these figures are all estimates, and don't rely on them too much.
The article states (correctly) that "As a result [of CPI-U going up by 1.7%], the income brackets used to determine Medicare surcharges in 2020 will increase by 1.…
Oh, LEXCX.
Never trades, no deviation from mandate, very long time horizon. From Voya's page:
Created in 1935 with an equal number of common stock shares of leading U.S. companies at the time; currently invested in a total of 22 leading U.S. cor…
Been there, done that:
The Dead Man's Fund
How the world’s worst investor fleeced clients who couldn’t complain.
https://longreads.com/2017/11/09/ameritor-dead-mans-fund-charles-steadman/“We urge you to cut your losses and get out,” Morningstar cou…
Given assets available for investing, who does better, men or women? Possibly men, because women are more likely to keep their assets in cash.
"Women have money to invest, but they tend to prioritise cash savings." (FT citation below.) Money Lio…
In the case of this ETF, I would say that a negative return over the fund's lifetime (6½ years) and just $13.90M AUM would be good reasons to close down the fund. More likely the latter.
https://www.vaneck.com/library/vaneck-vectors-etfs/ymli-fact…
PIMCO held its management fee constant between 2018 and 2019, at 0.50% for I shares, and 0.65% for A shares. What changed was the amount of interest it paid. From the respective prospectuses:
2018: "Other Expenses" include interest expense of 0…
Callable vs. noncallable. Isn't that the second thing you learn about bonds after finding out that they're loans?
If only the US could issue $1 trillion in bonds paying negative 3 percent, then we'd have $2 trillion in debt, but the net cost to se…
@MikeM, it seems like you've anticipated the question: "Do you remember?"
@JohnN - it's not the camera, it's the sensor size and the glass (along with the rest of the optics).
https://www.tomsguide.com/us/how-many-megapixels-you-need,review-19…
Since you're okay paying more for PDVAX (vs. PDIIX) to gain access to that fund in Fidelity, it seems that paying more for AKGAX (vs. ACGYX) would also be okay. A tad less expensive as well: AKGAX 1.08% (net), PDVAX 1.19%.
http://financials.morn…
Nice try Ted. But where's your link to the raw data?
Why would I open a thread highlighting a link to a Barron's article that I can't read without a subscription? (A mouse over of the thread is all that's needed to reveal this.) You're right…
Just another article about how index funds must be better than actively managed funds. He does not appear to have a real interest in looking at Fidelity's date funds:
"As I was reviewing the list of investment options in a reader’s 401(k) plan, I…
