Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

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.
  • VANGUARD
    somewhat OT, but can anyone find a link for closing a vanguard 403B and rolling the money out in-kin to another firm? I am having trouble assisting one of my kids in this ...
    The firms where I've had employer-sponsored plans have generally performed distributions in kind only to IRAs held at the same firm. Note that unlike IRA transfers, rollovers from employer-sponsored plans must be initiated on the sending side, not on the receiving end.
    You can do an in-kind distribution from a Vanguard 403(b) to a Vanguard IRA, followed by an in-kind trustee-to-trustee IRA transfer to the other firm. See the Vanguard 403(b)(7) Single Distribution Kit:
    http://www.bsgi401k.com/wp-content/uploads/2015/02/V-Minimum-Distribution.pdf
    At the top of p. 3 (pdf p. 5):
    "If you selected A, B, or C [direct rollovers to Vanguard IRAs], your assets will be invested in the same funds and proportions as in your existing Vanguard 403(b)(7) account, unless you indicate otherwise below ...
    "D. [rollover to a] Retirement account held at another institution ... Rollover check will be made payable to the custodian/plan"
  • TRP news release. What does all of this MEAN? Dated 19 Nov 2020
    Will funds like PRWCX PRHYX reopen ?
    I bet that's one of their priorities, but do you think they'd actually and explicitly SAY so???
    I'm 10 minutes into the call, and so far, it's cosmetic word-salad.
    .....(But there already is a PRHYX clone in existence. I forget the ticker.)
    *********************
    From the call: "...30% of AUM are in closed funds......"
    So it surely sounds as if they really do want to better exploit (for example) the investing genius of the likes of Giroux, who is Manager of PRWCX. And he will be head honcho of the new TRPIM.
  • TRP news release. What does all of this MEAN? Dated 19 Nov 2020
    Here's the link to TRP's analyst call from November 19, it explains everything pretty clearly, the call is 42 minutes long. They are addressing capacity constraints that this new entity can help alleviate, most of the funds transferring to the new investment advisor are constrained to investors. The new investment advisor also allows for additional advancement opportunities for staff.
    https://edge.media-server.com/mmc/p/h8dm9bxn/lan/en/
  • Wealthtrack - Weekly Investment Show - with Consuelo Mack
    image
    As an example, it looks like VT has under performed VHGEX, MGGPX and PRGSX over the last 10 years.
  • Fund Share Inventory...Is Every Share Owned at All Times?
    +1 I've wondered this myself, but was always afraid to ask any brokerage professionals about this , to avoid any condescending lectures !
  • The S&P 500 Fund
    Is there no ETF that does this? (some wack combo of SDOG, RSP, CAPE, and others, all under FD1k's magic touch ....)
  • VANGUARD
    +1 I almost cringe when I execute transactions at Vanguard:cumbersome and inflexible! ntf funds all have minimum of 3k, ntf funds available last month now unavailable or with a tf. I would gladly pay a $200 annual fee for a Schwab premium service which would allow me to purchase VG funds with no ntf and lower minimums. I'd even transfer back to E-Trade if I could be assured Vanguard funds remained ntf there!
  • The S&P 500 Fund
    A recent AAII article showed that beginning with equal investments in the S&P 500 sectors and rebalancing yearly from the best performing sectors to the lesser performing ones increased one's returns substantially over time. However that must be taken with the willingness to go through all the watching and rebalancing efforts required. Your choice.
    I added your comment into this thread:
    Asset Performance...
  • Asset Performance 1985-2020
    Assets Performance Year over Year...anyone have next years results so I can invest in them early?
    image
  • The S&P 500 Fund
    ...2020 looks like it could go down in history as the worst intra-year drawdown that finished the year with a positive return. And the fact that those gains are now in double-digit territory is not something many (any?) people saw coming. The S&P is now up well over 60% since bottoming in late-March.
    Interesting food for thought:
    Sitting on your hands and not panicking, even when stocks are down big, remains one of the best investment strategies on the planet.
    the-biggest-stock-market-reversal-in-history
  • Bigger Problem: Student Loans or Credit Card Debt?
    This discussion did get me thinking about which type of debt is a bigger problem for the economy. Here are the outstanding debt levels for both student loans and credit card debt:
    image
    bigger-problem-student-loans-or-credit-card-debt
  • Fed Faces Tricky Post-Pandemic Transition
    The possible arrival of a coronavirus vaccine in the coming weeks means the Federal Reserve may soon have to lay out its plans for helping the economy navigate the potentially choppy transition to a post-pandemic world.
    analysis-with-end-of-crisis-programs-fed-faces-tricky-post-pandemic-transition
  • The counterintuitive truth about stock market valuations
    Just something for those of us who do year-end portfolio reviews to consider.....
    ...rich valuations alone are no reason to avoid or dump stocks. And they’ve historically revealed almost nothing about what stocks do in the next 12 months.
    Indeed, much of the gains you see in the stock market have been achieved while valuations appeared expensive.
    https://finance.yahoo.com/news/stock-market-valuations-not-mean-reverting-morning-brief-110134302.html
  • IOFIX Versus James Alpha Structured Credit
    About these bond funds' portfolio contents: It made me go back to look again at what my favorite, PTIAX, is holding. Turns out it's:
    0.22 gov't
    41.64 munis, and probably a slice of the same munis that its sister-fund, PTIMX, is holding.
    ...Then there's 6.2% in corporates
    48.87 securitized
    and finally, 3.07% in cash and equiv.
    (per Morningstar.)
    Our national and worldwide situation is dire, re: Covid. Let's hope the upcoming vaccines work as well as advertised. In the meantime, regarding Covid--- after watching the news, I almost don't know how things can get any worse. And yet the monthly dividends continue to keep coming into my account.....
    ********************************************
    unrelated: I'd been looking for a way to equalize the weighting in my portfolio between RPSIX and PRSNX. After a really good year, my PRIDX continues to shine. I got a wild hair up my ass the other night and moved a tiny bit from RPSIX to PRIDX. They are definitely not the same sort of animal. ....... One consideration is the fact that uncle Stevie Mnuchin decided to curtail some of the "juice" which the Treasury had been pouring into the economy. Uncle Jerome Powell didn't like that much. ..... But I've seen nothing like that sort of news out of Europe, Japan or the rest of Asia....
    PRIDX portfolio:
    48% Europe/UK.
    21 Japan.
    17 Asia
    4 Australasia
    3.72 Latin America.
    Did I effectively buy the dividend, so late in the year? I suppose so. But with just 8% of my portfolio (stocks) outside the USA, I chose to add a small chunk in international stuff. Well within my comfort zone. (Now let's watch PRIDX sink like a stone in 2021. Always the way, eh?)
    ******************
  • IOFIX Versus James Alpha Structured Credit
    Looks like JASSX is available at FIDO with $2500 min, but a $49.95 fee. JASVX is available NTF at ETRADE, $250 min.
    The time to pick the low hanging fruit was 8 months ago (says Captain Hindsight). So do you still buy/add to these higher risk funds now, after the big bounce?
    Will any of this matter 10 years from now? Probably not. In the short term, anyone who's been paying attention already bought in March. You want more? Sure, buy more.
  • Revisiting an old question -- What's Up with Templeton Global Bond
    Trading at a discount of 12.5%. And has sold at a discount since 8/2013. Lewis, does that explain most of it, or is there more?
    Looking at: https://www.cefconnect.com/fund/GIM they have 33% in cash and a large stake in US Treasuries.
  • IOFIX Versus James Alpha Structured Credit
    Hmm.
    What do you really own there...some paper that makes claims on folks paying back loans in a pandemic and rated by companies that see an increase in business when they are more lenient in their ratings to their customers?
    CMBS? what are they, to whom, where, how can you yourself evaluate...ABS...have to go by a leap of faith, what do you own?!
    Downtown CHI is a ghost town, no corp workers, likely less than 10% going into the city daily to work...Metra train stations in burbs are empty, seriously, less than 10-20 cars in the lots...God help us we get past this virus sooner than later, many companies have work remote policies permanently in place and actually are closing their office for full time work remote on a go forward basis... I can't see how folks are still collecting 100% rent on commercial property etc...CLO...low credit ratings..oy vey!
    Too much debt, who knows what Biden et al is really gonna do, at least with the other guy you kinda knew what you were dealing with...what happens in GA in several weeks...more debt issuance....
    Call me chicken little but I sold out entirely of my holdings in FPFIX FPA Flex Income fund...me too Chix Little, I don't want to be a lender to ANYBODY in this environment.
    It all seems to be the ultimate in black box investing to me...
    As Pres Bush said...Fool Me...You can't get fooled again...
    Good Luck to all, Good Health to all, enjoy the Holiday
    Baseball_Fan
  • IOFIX Versus James Alpha Structured Credit
    Both funds are in mostly securitized.
    IOFIX(link): concenrated mostly (over 78%) in legacy RMBS.
    JASVX(link): 2 of the managers came from Semper (SEMMX) but as you stated JASVX held pretty well while IOFIX+SEMMX lost a lot more in 03/2020. This fund is more diversified with RMBS,CMBS,ABS.CLO but also 14.8% in corp + cash and Gov.
    I have been using both. See my thread(link)