We still remember the gas shortage in the 70’s. My daughter has a Civic hybrid which has been a reliable and fuel efficient car. We drive 10+ year old Civic and Odyssey where we organize our shopping in order to minimize gas expense. Cannot understand how our neighbors who drive large SUV’s.
We made changes last fall following @lynnbolin articles. Rotated from tech/growth to value and defensive funds, trimmed EM exposure (thanks to Professor Snowball) and built up commodity funds to fight inflation. Wish we have more commodity exposure. Even with PRWCX, it is still down 5.5% as of last week. D&C balance fund is leading the pack this year. Think they are shorting the stock portion of the fund. Also First Eagle Global is down a fraction of that of global allocation funds.

We have a 2017 Accord hybrid, great car. Leaving my Odyssey in garage except for hauling people or stuff.
Tempted to unload some gold and silver coins we inherited in 2012. Tilting towards commodities with a modest position in PDBC and unloading some more global growth. News of food shortages and price increases has goosed KROP in recent days. TRP allocation funds have been a disappointment as @hank has said elsewhere.

Hybrid vehicles have improved considerably in the last 15 years. They are now in the 5th or 6th generation with improved battery life and reliability. My neighbor has a Prius that gets over 40 miles per gallon on average and it is so quite while operating. Once the chip shortage is solved, the pricing will return to normal.

https://www.nytimes.com/2022/03/03/opinion/biden-economy-inflation-jobs.html
According to the long-running Michigan Surveys of Consumers, a plurality of Americans say that their personal financial situation is better than it was a year ago. This is consistent with estimates suggesting that despite inflation most people saw rising real income in 2021. You can quibble with the estimates, but it’s clear that no major group is substantially worse off. And it’s worth remembering, for historical context, that blue-collar real wages declined steadily for most of the Reagan era, which didn’t stop voters from seeing that era as one of economic triumph thanks to strong job growth.
partisanship triumphant:
Republicans ... feel worse about the economy than they did in June 1980, when unemployment was above 7 percent and inflation was 14 percent.

I knew I bought that hybrid Honda Accord for some reason in 2018. Plus - I hear it’s hard to buy any car at present time. Many dealers charging over sticker if you can even locate one.
Gold up. Silver down. Markets in turmoil.

@lynnbolin2021 said: Many fine point along this discussion. Yes, FSRRX won't perform well during low inflation periods. I like Vanguard Global Wellington (VGWAX) in addition to VWIAX. These and other funds should be the core of a portfolio.
I like FSRRX, VCMDX, COM, and EIPCX/EAPCX to supplement a portfolio during different times such as inflation.

What a few months that has the inflation picture changed. Would you still hold (or add) FSRRX if you already hold VCMDX and/or EAPCX? Not familiar with FSRRX. I welcome everyone input on this fund.

Please provide links.
Press Release
Unfortunately statements like these refer to the clearing house, not the introducing brokerage. You have to know which clearing house your broker uses. Even then, your broker may not sell everything that it could through the clearing house.
Pershing clears for hundreds of brokerages, mostly wealth management advisers. Here's a list of 400 of them.
Two questions for anyone using T. Rowe Price brokerage:
- why?
- does it offer PMEFX? It uses Pershing as its clearing house.

Point about some errors/discrepancies in brokerage info is well-taken. That info needs to be double-checked.
I find the class information on Purchase tab to be more correct and useful. Then, I know that many Class A shares are now no-load/NTF at Fido and Schwab; for American Funds, I check for F-1 classes.
One day, these old M* pages will be gone. M* has been degrading them but the surprise is that they still work partially. But one has to access them via old bookmarks.

Website 3/17/21 press release shows PMEFX available at Schwab and Pershing platforms. If anyone finds out where Saylor is employed please post.

The war is only two weeks old. With so many US / western European businesses exiting / suspending their Russian businesses, either these businesses anticipate the ever increasing Russian sanctions / trade embargos will continue for a long, long time or these businesses do not have a good sense for the their ability to do business in Russia / Ukraine / Belarus in the near future and thought taking a write off of big chunks of their Eastern European assets in Q1 would be a good idea. Is it a moral message (I am reading in the press) businesses are trying to send to Putin or is it an exercise in business outlook and the resultant balance sheet / income statement (i.e., financial statements) impact? What is the primary driver?

Another seriously RED U.S. evening, 11:50pm, Sunday
Global equity futures
FINVIZ futures, various markets
Sidenote: I've watched gasoline futures for a number of years, and generally; our area finds retail pump prices to be +$.70/gallon above the futures price.
I.E., $3/gallon futures price would = $3.70/gallon retail, more or less.
The current futures price is $3.81/gallon as of this write.
This should translate to $4.51/gallon retail, locally. I purchased gas this afternoon at $3.89/gallon. This is the highest price for the last month, and increases have been small increments, but not in line with futures pricing.
I know there can be many variables to pricing in any given area.........strictly a local observation.
Fingers positively crossed, for the world,
Catch

https://www.straitstimes.com/business/companies-markets/oil-prices-soar-above-us135-on-latest-in-russia-ukraine-war-delay-in-iran-talks
Weren’t they giving it away less than 2 years ago?

Tested a buy order for PMEFX at Fido with various amounts. It gives ERROR message:
Error:(019832) The security you are trying to buy cannot be traded. You can search for tradable funds using the Mutual Fund Evaluator.

Listing: https://streeteasy.com/sale/1588857
Checking prices for houses on the market in the neighborhood (there are seven), shows its price per sq ft ($2,352) to be at the high end. Others are: $1748, $1665, $1999, $2117, $1234, and $1,372. Still, you get 8500 sq ft. But it doesn't seem to include keys to Gramercy Park.
One could pay 90% of the price ($18M) and get a condo in the same neighborhood that has only half the space (4207 sq ft). Now doesn't that make the $20M townhouse sound like a bargain? :-)
https://streeteasy.com/building/18-gramercy-park/10

"Management companies [mutual funds] usually are structured as corporations or trusts."
https://www.sec.gov/investment/fast-answers/divisionsinvestmentinvcoreg121504htm.html
Thus:
- Corporations as well as trusts may be used as "umbrella structures":
- Funds are investment companies so they must have a company structure, usually a corporation or trust, even if the structure is not for the purpose of providing an "umbrella"
Holding multiple funds (series) in a single trust or corporation is usually on balance advantageous, but there are some small negatives (cross fund liability exposure and administrative overload) as well:

Series funds are subject to the theoretical risks of being liable for the debts of other funds. [See Section III(B)(3)(b-d) in cited source, below.] There is little or no other advantage to offering a family of funds with a separate legal entity for each fund. Multiple legal entities inevitably require duplication and expense resulting from separate governing boards, periodic reports, and other regulatory filings. However, maintaining too many series in the same entity can cause administrative difficulties in handling board meetings and preparing and filing shareholder reports and registration statements, which are usually on the same schedule for all series. Thus, many fund sponsors with a large number of funds use several series companies, each containing several series, and often having different fiscal year-ends.

https://files.klgates.com/files/upload/dc_im_03-organizing_mutual_fund.pdf

As Charles has noted before, the MFO Premium screener defaults to a fund's oldest share class, which is often its institutional class. With up to 18 different share classes being offered by some firms, it's a mess to sort through to find the class most appropriate for individual investors ... especially those using Platform X. So we start with "good manager / good strategy / default share class" and assume that if you agree with us on the first two, you'll probably figure out the third.
In my case, anyway, I do tend to filter out funds for which no plausible access exists for individual investors: DFA, GMO (love the $500M minimum on one of the classes), and so on.

+1.

There are 22 new entries for 2022, so there should be 22 out from the 2021 list. But Barron's didn't think that was a worthwhile exercise to focus on who didn't make it this year. In most other Top XYZ lists, Barron's mentions who is in, and who is out, but not here. It only mentions some who are new this year. It ends the piece by mentioning that there are many more important women beyond the 100 listed.
2021 https://www.barrons.com/women-in-finance/2021

Quite a list. I was curious, so I looked. And I smiled, thinking: who's #101? Should she feel like she got screwed out of something? Anyway, these people have to be accomplished and savvy and way more organized than I am, myself.

Guys, c'mon, yes, kind of silly the article's comment about Canada...the author was trying to make a point..I wasn't following it closely but wasn't there talk or actual action of freezing bank accounts etc with the trucker protest...that is what I beleive the author was referring to...who decides what is proper, and who decides and has the power to freeze, confiscate, sanction your wealth outside of exisiting norms/laws? FWIW, I am dual citizen, born in Canada.
To the point of Old Joe's interest of common good, which I completely agree with....does remind me when I moved into my new neighborhood and was talking to a neighbor about the HOA and rational thinking...he told me with a smile, "I believe your thinking is rational as long as it agrees with mine"
How does it work with Bitcoin though...don't you have to declare and pay taxes on it? Is the question how does the gov't prove it, no 1099 etc, so some are not paying taxes on it? I don't hold any so I don't know, but my CPA did ask me if I held any the other day when prepping taxes.
Curious as to if the class would be ok with a US Dollar digital currency? I do know many who would not be comfortable with that. I dunno.
Best,
Baseball Fan

* Hello, again, @Baseball_Fan.
I sense a bit of consternation in your words. Doesn't sound to me like you're evil. You were just offering something. As you can tell, those that replied do not think much of it!
Canada, eh? I used to go visit every year. Haven't been there since '18. Best friend is still there, in the Kootenays. in a previous lifetime, before one or two big decisions in another direction, I was headed for permanent residency in the Southern Interior of BC, too.
Yes, some of the Canadian Idiot convoy to Ottawa had their assets, bank accounts frozen. With the Common Good in mind, any gov't has the right to take measures to stop and prevent such silly behavior. Completely justified. Regulations to address and confront the Covid are good and necessary. Those Truckers were having a childish tantrum. It cost the Ottawa police chief his job. Even the PM went into hibernation because he was exposed, or caught the Covid himself. I've had it and survived. (Double vaxed and boosted.)
What SHOULD be behind such steps by gov't is what has not been explicitized in this thread. I've mentioned it only once, in passing: ethics. What does The Good require? Obviously, individual rights must be protected. But as Mr. Spock asserted more than once: "The needs of the many outweigh the needs (or desires) of the one."
The Canadian Idiot Trucker convoy is Exhibit A as to why the Covid threat is not substantially behind us yet. I know NURSES who refuse to get vaxed. That's a special kind of stupid. And with ETHICS in mind, how can such nurses be permitted to care for patients, unvaxed? They are exposing the very people they're supposed to be helping to a big risk. The way to reduce that threat ALMOST completely? Vaccination. Duh.
Bitcoin and the other iterations of crypto are still evil and treasonous. Governments are supposed to serve their people. When they allow such a work-around to live and grow and function, they stop serving their people. LOTS of shit is perfectly legal, yet perfectly UNETHICAL. That's nothing new. Good thing I'm not in charge. Heads would roll.
Rogers Pass picture, near Golden, B.C.