GP Global Micro Cap & International Opportunities Fund to reopen https://www.sec.gov/Archives/edgar/data/915802/000139834420006030/fp0051857_497.htmFINANCIAL INVESTORS TRUST
SUPPLEMENT DATED MARCH
16, 2020 TO THE SUMMARY PROSPECTUSES AND
PROSPECTUS FOR THE GRANDEUR PEAK GLOBAL MICRO CAP FUND AND GRANDEUR
PEAK INTERNATIONAL OPPORTUNITIES FUND (EACH A "FUND," AND TOGETHER,
THE "FUNDS") DATED AUGUST 3
1, 20
19
Effective March
18, 2020, the Grandeur Peak Global Micro Cap Fund will reopen to shareholders who currently hold a position in the Fund. Financial advisors with clients in the Fund will be able to invest in the Fund for both existing as well as new clients. The Fund is already open to all participants of retirement plans currently holding a position in the Fund.
Also, effective March
18, 2020, the Grandeur Peak International Opportunities Fund will reopen through financial intermediaries to financial advisors who currently hold a position in the Fund. Financial advisors with clients in the Fund will be able to invest in the Fund for both existing as well as new clients. The Fund is already open to all participants in existing retirement plans in the Fund. The Fund is also already open to both existing and new shareholders who purchase directly from Grandeur Peak Funds.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
questions for board @Derf - Sounds reasonable. I got a 2-yr reprieve on the RMD business but I've used this downturn to convert my entire T-IRA to a Roth IRA. At before and after pricing all things being equal it has saved me
1/3 to
1/2 the taxes I would have owed eventually. It also makes my portfolio easier for my eventual inheritors to deal with. Sum total (I think) 2 wins to one big paper loss and as the song lyric goes "2 out of 3 ain't bad."
questions for board "The last time the stock market saw declines like we’re experiencing, Congress suspended RMDs for one year. Because of the dramatic decline in retirements accounts, RMDs due in 2009 were suspended. The waiver also applied for people who turned 70½ in 2009 but decided to delay their withdrawal until April 1, 2010.
I’m sure such a waiver for RMDs due this year would be a welcome relief to many people who are looking at taking withdrawals when their retirement accounts have experienced major declines."
If one has (CASH) sitting in account due for RMD, take the RMD, pay the taxes & then put what is left of distribution to work !
What say he or her ?
Derf
Crash Course: To Beat Bear Markets, Invest Differently
questions for board @johnN - Maybe you and your friend might benefit from reading this article today from Michelle Singletary at the Washington Post in her Personal Finance column.
Where to Now
Saudi Arabia’s Oil War Could Bankrupt The Kingdom https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Oil-War-Could-Bankrupt-The-Kingdom.htmlSaudi Arabia’s Oil War Could Bankrupt The Kingdom
Those with a functioning memory may have thought that last week’s decision by Saudi Arabia to maximise oil production to crash oil prices and bankrupt U.S. shale producers was an early April Fool’s Day joke. Apparently, though, it is not, and collective amnesia seems to have gripped senior Saudis and other OPEC members alike about how disastrous the last Saudi Arabia-led attempt to destroy the U.S. shale oil industry from 20
14 to 20
16 actually was. Appalling though the consequences were last time for Saudi and its now-much-poorer allies, this time around things are likely to be much, much, worse.
How far can stocks fall? Coronavirus market turmoil has investors asking what’s priced in Wouldn't surprise me to see PE ratios around 10-12.
questions for board "He was asking me when DOWS reach new highs >31K again so he can slowly pull out and go 50/50 before retirement"
NO ONE I repeat NO ONE can answer that question. Period. They can guess all they want but they would just be guessing.
How far can stocks fall? Coronavirus market turmoil has investors asking what’s priced in
Economic numbers out of China Do not look so rosy.
Retail sales plunged 20.5% during January and February over the same period in 2019, industrial output was down 13.5%, and fixed asset investment fell by nearly 25%, according to the National Bureau of Statistics. All three data points were much weaker than analysts were expecting, and the decline in industrial production was the sharpest contraction on record.
The data for March could be even worse.
"The slump in February was diluted in the data by being averaged with January, when most of the disruptions were yet to be felt," said Julian Evans-Pritchard, senior China economist for Capital Economics.
The Fed just shot their bolt. Or maybe they were giving a one finger salute to the White House and Capital Hill.
Let's get fiscal, fiscal
I want to get fiscal
Let's get into fiscal
Let me hear your policy talk, your policy talk
Let me hear your policy talk
AAA longer duration bonds a bit better, U.S.T. issues, March 20, Friday PM close, watching..... A look at pre-market (9AM) issues for Treasury/corp. items:
--- SHY = (1-3 yr bills) +.3%
--- IEI = (3-7 yr notes) +1.2%
--- IEF = (7-10 yr notes) +1.9%
--- TLT = (20+ Yr UST Bond +4.3%
--- EDV = (Vanguard extended duration gov't) side ways all pre-market morning
--- LQD = (corp. bond proxy) -5%
Midnight/Monday found the most positive actions with most of these issues. The positive price gains at 9AM pre-market have dropped overnight.
Reference note: long term Treasury's were +11% range at 1am
I can't offer more, and will watch, too.
questions for board Hope you are good
my friend will retire in ~ 6 or 7 yrs, he lost 27% of porfolio past 4 wks. He is well diversified I think 70% stocks 30% bonds mostly in index and Target dated funds 2030
He was asking me when DOWS reach new highs >31K again so he can slowly pull out and go 50/50 before retirement
I told him maybe good to consider changing porfolio 6-12 months prior your retirement maybe heavy in bonds [like others did here when DOWS 28K or so RIGHT prior to crashes].
Any Ideas? 2023? IMHO - I think it may take awhile for this to recover few months and then we may have slow downs, maybe takes some times to market to recover/heal and start upswings again so could be 12-36 months before see DOWS 30K again. But we never know, it maybe there again in 6-8 months.
Stocks Are Plunging -- Here's What You Need to Know YTD DSENX lags the S&P by a couple points. But 2.5 months is too short a period to compare. My benchmark TRRIX (40/60) is down about 9% and I’m off another 1 percent more than it is this year. Both are manageable losses considering last year.
This is the point where it begins to get really dicey. Should one buy the big gapping declines of 4, 5 or 6% on a given day or abstain? Normally I’d say buy. But this global health issue throws us into unknown waters. Bloomberg quoted one analyst this morning as predicting that virtually every airline in the world will be facing bankruptcy by May. I find it hard to argue with that. Who wants to fly? The airlines’ woes are one reason oil is approaching its 2016 low of $26-$27.
Plenty of questions. Few answers. I guess Dalio and many other heggies have sustained a real beating this year.
Stocks Are Plunging -- Here's What You Need to Know last 11 days down ~12%, SP500 down ~10%, bond sauce aggravating things rather than the opposite
But oh, those monthly dividends just keep adding more shares.
All my figs are from M* graph of $10k growth, so includes divs, not that it is computed daily ...
I understand.
But one of the reasons I bought it was for the monthly dividends. Sort of like dollar cost averaging.
Federal Reserve cuts rates to zero and launches massive $700B QE program Howdy starchild
Sorry I offended your sensibilities.
For they record grasshopper, I'm not even slightly worried about me and mine, but I'm scared shitless about you and yours and all those 100s of millions people that don't have my resources and good fortune.
Your reaction to my original warning is a lot of the reason why.
I will repeat- be careful.
And so it goes,
Peace,
Rono
Stocks Are Plunging -- Here's What You Need to Know last 11 days down ~12%, SP500 down ~10%, bond sauce aggravating things rather than the opposite
But oh, those monthly dividends just keep adding more shares.
All my figs are from M* graph of $
10k growth, so includes divs, not that it is computed daily ...
Federal Reserve cuts rates to zero and launches massive $700B QE program @crash Kaneohe sounds much better than Honolulu to me. Molokai is very rural with a population of under 8000 and only about an average of about 200 tourists here per day. There is a daily ferry between Molokai and Maui (
molokaiferry.com/ ). There are very limited employment opportunites here. Some people take the ferry daily to work in Maui. Its only about
10 miles to Maui from where I am currently staying.
Federal Reserve cuts rates to zero and launches massive $700B QE program @davfor Oahu? You're just in time for the flooding from the Kona Low. 4:30 p.m. and finally some sunshine here on the Windward side.
Molokai. East end condo. There has been a Flash Flood alert for the past 24 hours or so but the weather has been OK here today. The view is across the Paniolo Channel to Maui (Kapalu and the surrounding part of the island). We owned a condo on Molokai for about
15 years that we sold in 20
15 or 20
16 (I have never had what is commonly called a good memory). I have been missing the old Hawaii slowed down feeling of this island. So, I am here for a short stay....probably will be back for a longer period next winter. (We also lived in Kauai and built a house there during the mid-80's.) You are in Honolulu, yes?
By the way, here are 2 Fed statements from today:
https://federalreserve.gov/newsevents/pressreleases/monetary20200315a.htmhttps://federalreserve.gov/newsevents/pressreleases/monetary20200315c.htm
