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.
When something looks too good to be true (here, that's similar long term performance for 100% stocks or 60/40 mix, and even better for 70/30), one has to ask what's going on. Either something new has been uncovered or something has been hidden (in…
The dividing line is between those who could come up with $400, including using a CC and paying it off completely, and those who have to beg, borrow, or steal to cover an emergency.
I agree with @sfnative, that figures like these help remind us tha…
The global currency fund (ICPHX) was interesting. It has been managed by Hassenstab (TBGAX) since 2001. Until mid 2016 it was known as Franklin Hard Currency Fund.
https://www.mutualfundobserver.com/2016/04/april-1-2016/
https://www.sec.gov/Arc…
There doesn't seem to be more info to be gleaned from the posts below, but the fund was foretold at MFO:
Vanguard Global Credit Bond Fund in registration (Shadow)
Here comes Vanguard’s global credit bond fund: News Scan Money Management Executive
…
@Mark , thanks for the feedback.
These were a relative's accounts, and they've already been moved elsewhere. There are also unmanaged 403(b) accounts that will probably be moved over time as Roth conversions are executed.
Fortunately, the amount…
IMHO the intro evinces a fundamental misunderstanding of dividend appreciation funds as opposed to dividend yield funds. The former is more a strategy of buying into blue chip companies (think growth & income), while the latter is more a strat…
I agree in theory that someone just out of high school would be best served by investing long term in pure equity. But I also remember starting out and being spooked by the idea of investing, period. You mean I could lose money?
While pure equ…
NYTimes: Boeing 737 Max Simulators Are in High Demand. They Are Flawed.
https://www.nytimes.com/2019/05/17/business/boeing-737-max-simulators.html
"Since the two fatal crashes of the Boeing 737 Max, airlines around the world have moved to buy fligh…
The official, Boeing vice-president Mike Sinnett, claimed the Lion Air disaster was a once-in-a-lifetime accident.
And cigarettes don't cause cancer.
I don't know which I think is worse. That Boeing was lying through its teeth, or that it didn't…
Much appreciated, but not necessary. I look at some of the things that pass for reporting and wonder "what are they thinking?"
I guess I'm also getting to the age where I know people on Medicare who ask about this stuff. So some of the absur…
an illuminating devo viewpoint (hope this has not been posted prior, apologies if so):
https://spectrum.ieee.org/aerospace/aviation/how-the-boeing-737-max-disaster-looks-to-a-software-developer
Thanks for posting something from a developer perspect…
The below chart is for the etf EEM beginning Oct. 31, 2007. I used this date, as this is near top + or - a week or two for a lot of equities worldwide; prior to the full market melt in 2008. The total return for EEM during this period (through May …
The report you cited, seems to say somewhat the opposite. That farmers were collecting payments for not growing crops on land that they wouldn't have used anyway.
https://www.gao.gov/products/CED-80-9
[The Dept of Ag had county offices determine f…
“You have a terrible policy that sends farmers to the poorhouse, and then you put them on welfare, and we borrow the money from other countries...." Sen. Bob Corker, R-Tenn
Sen. Ben Sasse, R-Neb., said in a statement: “This trade war is cutting th…
It should be apparent from all the errors regarding IRMAA that this writer couldn't tell the difference between a COLA figure and AWI (average wage index).
On p. 8 (pdf p. 16) the SS Trustees' report explains that it presents three alternative sce…
So much wrong about IRMAA.
"The income tiers, first imposed in 2011, were never indexed for inflation." Wrong.
IRMAA was created by the Medical Modernization Act of 2003, which required IRMAAs starting in 2007. This created income tiers, indexe…
FAA could clear Boeing 737 MAX to fly again within weeks
https://www.seattletimes.com/business/boeing-aerospace/faa-could-clear-boeing-max-to-fly-again-by-late-may-or-early-june/
Follow the money:
Boeing and the FAA ...may not wait long if interna…
Thanks @hank. I was pretty sure the stocks hadn't gone completely up in smoke, but I wasn't seeing lots of them anywhere valuish. Interesting that OAKMX leans a bit more toward growth than OAKBX (which is technically a hybrid fund, but value on …
While there's little here that I disagree with, I do wonder how relevant it is to the past five years - the ones M* characterized as growth leaning. Yes, traditional value metrics like P/E were skewed following GFC. But was that still true from …
Say Charles, it looks like the fund is being compared to Global Multi-Cap Growth Funds :-)
Do you happen to know how it fared against its reputed peers, Global Multi-Cap Value Funds?
Certainly that describes the fund's portfolio now. Looking at its performance graph (e.g. in the latest [Dec 2018] annual report), one can see it diverge sharply from the S&P 500 starting around 2012-2013. It also significantly underperforme…
To me this has as much to do with the fickleness of investment trends as anything else. We have very short memories and tend to think things will always remain as they are. It’s possible Winters had it right, but was out of step with the current in…
@John - I assume that you are married. If not how do you contribute to both a 401-k and a SEP IRA?Not John speaking, but the general answer is multiple employers, each with its own plan.
Both series of T. Rowe Price funds, "Target Date" and "Retirement", have glide paths. If you want static allocation ("target risk") funds, those would be Price's "Personal Strategy" funds.
Here are the glide paths for the Target Date funds and th…
The difficulty is that you don't know (a) whether there will be a trade agreement (before 25% tariffs), and (b) whether the market will dip another few hundred points before it goes up your projected 400+ .
Personally, I don't time the market. R…
"It occurs to me that your perspective on such matters uniquely qualifies you for an important post in some part of the current Federal administration."
Please, if one ignores graft (excuse me, emoluments), government just doesn't pay enough. The…
The Rochester family of bond funds are extremely high octane. When things work out, the funds can be fantastic; when they don't, the funds will go down in flames. Even by HY standards, they're quite aggressive.
If you want to know who was de…
Of course the report is skewed, and it discarded as outliers people with too little in savings.
It's skewed in part because it relies on figures that Fidelity provided from retirement plans it manages. AFAIK, Fidelity's plans skew toward large co…
I have. A (sort of) downside is that not all open T. Rowe Price funds can be purchased in a new account at Fidelity. For example, even before PRIDX closed completely, it was not possible to buy it at Fidelity.
Fidelity will charge trading fees …
So what it looks like you're saying is that only AP's are allowed (able) to pull off this stunt and not your average everyday investor. True?Any time a fund redeems shares in kind, it can dump the lowest cost basis (highest gain) shares. This tax …
I'll try this another way. What follows is simplistic, but should suffice.
It's Jan 2; there's a new ETF. It wants to invest in stock ABC, trading at $12. So it sells its first share to an authorized participant (AP) in exchange for one share…
Virtually everything in the article is simply a description of how ETFs make cap gains magically disappear. This is why ETFs are marketed as "tax efficient".
All that Vanguard did was make an ETF that owns the same underlying portfolio as Admiral…
This is ridiculously old news.
Many Vanguard index funds come in three classes: Investor (now closed), Admiral, and ETF. Two of those are purchased directly from Vanguard (or from Vanguard via a brokerage), one is purchased the same as a stock.…
Did you say 15 point lead in the spring a year before the election? That sure sounds familiar. Where have I heard that before? Oh, yes ...
"Clinton has a lead of about 15 percent, followed by Sen. Barack Obama in second place and former Vice P…
The original PBS graphic had to do w '81-'17 growth. Growth of what? Apples into oranges?
Even the twitter feed from which you snarfed the graphic acknowledges that the 1981 and 2017 figures may be incompatible. "I'm not sure how well the method…
How does it break down? Excellent question. Unfortunately all that we have in this thread is a decontextualied graphic. One that doesn't explain what "poor" means, what "payments" are counted, what large means, or one that just scales the data …
The rest of the article, for example the SNAP graph, seems to me to make clear how inapplicable that historical origin story is now, of 'dollars ... in the form of contracts, projects, installations'.
Let me see if I've got this right. If the fed…
"Part of the explanation for why southern states dominate the “most dependent” category is historical. During the many decades in the 20th century when the South was solidly Democratic, its congressional representatives in both the House and the Sen…
