What are bank loan funds telling us? Thank you Junkster.
Below are top dozen Loan Participation funds the past 10 months (through June), based on total return. No Interval Funds. No ETFs. No CEFs. Drawdown -0.
5% or less, month ending data. Sorted by return. (Click image to enlarge.)
Their tickers: RCRIX, DFLIX, CFRIX, RPIFX, NFRIX, DBFRX, DDFLX, NFIIX, PRFRX, RFRAX, SFHIX, LGRYX.
Brian Selmo - Guest On 'The Long View' Podcast
WSJ: Vanguard’s Die-Hard Customers Have a Message for New CEO: ‘The Service Is Abysmal’ @fred495 I'm wondering if you tried to work around the "problem"? Like sell half the shares. Maybe they thought a scam was going on & rejected the order.
Time spent on the phone is a PROBLEM!!
As I said, Derf, the Vanguard agent got the same non-sensical error message on his end that I got when I tried to place the sale order on line. He "seemed to be as frustrated as I was".
Finally, he had to use Vanguard's so-called "back-end system" to process the order successfully. Go figure.
Inflation picks up again in June, rising at 2.7% annual rate VUSXX currently has a 7 day SEC yield of 4.18% (4.27% APY). It should be mostly state tax exempt and if you don't like dealing with Vanguard is available through
E*Trade.
FSIXX currently has a 7 day SEC yield of 4.16% (
APY 4.25%). You can get it with a $1 min
via Merrill.
Both will net you well north of 3% annually after taxes.
Great to know. Thanks
@msf. I have little in taxable money market accounts (except what’s designated for near term expenses). Even in the IRA I use NEAR as a proxy. But your suggestions will surely help others.
@Old_Joe - As a morning orange juice lover I can relate. A month or so ago I read an article about the infestation and its impact on quality. I’ve noticed a deterioration in flavor. Global warming does have other benefits beyond certain produce, among them being the opening of Arctic shipping routes.
25 best mutual funds of all time Oct 2019 Went to Kiplingers to check out current top 25 fund list and found a mistake.
From Morningstar the 5 and 10 year returns for BEXFX are 3.39% and 4.52%. On the website for Kiplinger 25 funds, 5 and 10 year returns are shown as 14.6% and 10.8%. I thought it was too good for an international fund.
I emailed author who had her email on bottom and she responded next day and said she had made a mistake and had repeated same numbers from the fund above. Has been corrected online now, but print version in next months print edition. Wait, they still mail out printed magazine??
keep in mind that the Kiplinger 2
5 is not a list of top performing funds of all time but just their current favorite funds. BEXFX is their 4th or
5th emerging market fund they've had in the past 20 years.
Inflation picks up again in June, rising at 2.7% annual rate My morning orange juice will increase cost by 50%, as most of the orange juice now comes from Brazil due to crop infestation and failure in the U.S.
The tomatoes that we buy at COSTCO just increased by 30% as they come from Mexico.
Presumably U.S. growers are already growing as much as they can, so how does any of this help U.S. agriculture?
There will be more tariffs on the Dole pineapples that we buy also.
They used to be a major crop from Hawaii until they ran out of irrigation water there. Perhaps Trump is counting on increasing global warming to allow pineapples to be grown here too.
Do You Really Need 'Private' Investments? (Independent Vanguard Adviser, 05.27.2025) The following was referenced today on Citywire. Don't believe that it has been previously linked. Apologize if dup.
https://www.independentvanguardadviser.com/do-you-really-need-private-investments/SUMMARYPrivate markets are being pitched as the next frontier for everyday investors—with Vanguard now joining the push. But don’t believe the hype. Alternative investment funds are expensive, opaque and illiquid. Their risk-reducing qualities are oversold. And unless you have access to the best managers, private investments are more likely to add complexity to your portfolio than improve performance.
Inflation picks up again in June, rising at 2.7% annual rate VUSXX currently has a 7 day SEC yield of 4.18% (4.27% APY). It should be mostly state tax exempt and if you don't like dealing with Vanguard is available through
E*Trade.
FSIXX currently has a 7 day SEC yield of 4.16% (
APY 4.25%). You can get it with a $1 min
via Merrill.
Both will net you well north of 3% annually after taxes.
Inflation picks up again in June, rising at 2.7% annual rate Thanks
@lynnbolin2021 -
Bloomberg is reporting that the number was “
below consensus projections” - whatever that means - and it continued a multi-month trend (of below consensus).
It’s always fun to play around with those numbers. Assuming someone is pulling 4% (probably on the high end) in a “safe” money market fund and being hit with a 2
5% federal tax on the income (probably on the low end), then they’re effectively netting 3% and just barely keeping up with inflation. My state imposes a 4%+ tax on earned income, so I guess if you live here you are likely losing ground in purchasing power if in a taxable money market account.
WSJ: Vanguard’s Die-Hard Customers Have a Message for New CEO: ‘The Service Is Abysmal’ @fred495 I'm wondering if you tried to work around the "problem"? Like sell half the shares. Maybe they thought a scam was going on & rejected the order.
Time spent on the phone is a PROBLEM!!
Inflation picks up again in June, rising at 2.7% annual rate
WSJ: Vanguard’s Die-Hard Customers Have a Message for New CEO: ‘The Service Is Abysmal’ I’ve been using Vanguard for my both my Brokerage and IRA accounts for over 10 years and have not had any issues. I do all my transactions online and have never needed to place a phone call to get something done. All my Buy/Sell transactions, money transfers to my bank, and IRA required distributions have been simple and without any issues. So I’m a happy customer.
Well, good for you, Wtlutz.
But, what would you have done in my case when Vanguard's online transaction system couldn't handle a simple "sell all shares" order and requested I call an agent?
Case in point, I had a frustrating website experience at Vanguard yesterday.
I am managing a friend's portfolio and wanted to sell "all shares" of an OEF on line. Got a nonsensical error message that the transaction could not be completed because the fund had insufficient shares. Requested I call an agent. Was on hold for 45 minutes until I finally got an agent on the phone. However, he got the same error message and spent the next 15 minutes in the "back office" trying to complete my transaction request. Seemed to be as frustrated as I was.
Thankfully, he finally was successful, but I wasted a good hour on the phone. It was also a good reminder why I prefer not to have an account at Vanguard. Low cost or not.
Inflation picks up again in June, rising at 2.7% annual rate
The June 2025 budget recorded a surplus of over $27 billion, the first monthly surplus since 2017 The headlines are pointing out that this is the first Federal budget surplus in June which is the first monthly surplus in June for the past five years. This is true. The other surpluses mostly occurred in April, but also in January, August, and September.
Customs duties increased from $83B in 2024 to an annual rate of $96B in 202
5 Q1. No doubt tariffs are increasing...
https://fred.stlouisfed.org/series/B235RC1Q027SBEA
25 best mutual funds of all time Oct 2019 Went to Kiplingers to check out current top 25 fund list and found a mistake.
From Morningstar the 5 and 10 year returns for BEXFX are 3.39% and 4.52%. On the website for Kiplinger 25 funds, 5 and 10 year returns are shown as 14.6% and 10.8%. I thought it was too good for an international fund.
I emailed author who had her email on bottom and she responded next day and said she had made a mistake and had repeated same numbers from the fund above. Has been corrected online now, but print version in next months print edition. Wait, they still mail out printed magazine??