@carew388: +1
(Vanguard has great funds(for me) but the website is clunky and buying and selling funds is tedious.)
Nice summation on the subject of Vanguard.
Stay Safe, Derf

“Female fund managers, who remain woefully under-represented in the US Mutual Fund industry, have done a better job picking stocks than their male counterparts in 2020, Bloomberg reported. According to data compiled by Goldman Sachs Group, among 500 large-cap US mutual funds, those with at least one-third manager posts held by women have exceeded those with no women by 1 percentage point this year.” STORY

So how's the Great Bear Market for you guys who sold at the bottom? How's it all going?
I told you 6 months ago we were not in a bear market by any metric or measure. But none of you listened and your kneejerk reaction was to sell quality assets for no reason. Some supposedly experienced investors here were in complete denial and expressed shock at my comments that this ongoing bull will last until the 2030s.
Meanwhile my mutual fund retirement portfolio is up over 65% since January 1st. That's definitely a bull market....isn't it?
You old-timers really need to be more humble, consider the opinions of others, and learn from your mistakes.

I haven't sold anything since rebalancing in January. That put me in a position to buy in March.
Wouldn't it be a wonderful world if we were all humble, listened to others, and learned from our mistakes?
Now. Where do you think the market would be if The Fed had not injected trillions of dollars into it?
What you call a bull market looks like a speed freak to me. Now is the time to think about selling.

Not a bad idea. I just get “confused” if I own over 8 or 10 funds. Fewer is better at my age. :)

ben +1 Vanguard has great funds(for me) but the website is clunky and buying and selling funds is tedious. E-trade features Vanguard fund purchases with no transaction fee, but who knows if that will continue after the Morgan Stanley merger. If Schwab sold Vanguard funds with no transaction fee, I'd close my Vanguard account and transfer everything to Schwab!

So how's the Great Bear Market for you guys who sold at the bottom? How's it all going?
I told you 6 months ago we were not in a bear market by any metric or measure. But none of you listened and your kneejerk reaction was to sell quality assets for no reason. Some supposedly experienced investors here were in complete denial and expressed shock at my comments that this ongoing bull will last until the 2030s.
Meanwhile my mutual fund retirement portfolio is up over 65% since January 1st. That's definitely a bull market....isn't it?
You old-timers really need to be more humble, consider the opinions of others, and learn from your mistakes.

Yeah - I’ve pondered taking a small spec on it. It was hot in 2019 so I’m guessing it won’t do much for a while yet just looking at its history on Yahoo’s great site. I’m in no hurry to add one more to the “fund collection”.
Minimums? If directly at TRP It’s still a low $1,000 for IRAs ($2500 regular accounts).

IIRC, PREMX invests in EMB issued in USD. TRECX may be EM corporate bonds issued in USD. So far, it has outpaced both PREMX and PRELX. Looks interesting so I'll buy a small position at Schwab where the fund minimum is $100.

Hi guys ...
This past week was a strong week for the S&P 500 Index moving from 3397 to 3506 for a weekly gain of 3.26%. The barometer moved from a reading of 125 to 110 on it's near term scale indicating that, according to the matrix of the barometer, the Index is extremely ovebought.
For me, since I am fully invested within my asset allocation I am presently building cash while I await a better equity buying opportunity. I have thought of adding to my commodity strategy fund but thus far have not. For now I sit.
Have a good week ... and, I wish all "Good Investing."
Old_Skeet

T Rowe Price Emerging Markets Corporate Bond (TRECX)
Just noticed this one in their stable. Bit of a mystery. While they seek “high current income”, the average maturity is in excess of 5 years - not exactly a “safe” or low volatility bond fund. I do like that Lipper has it ranked near the top of the stack and M* gives it 5 stars. I haven’t had time to read the prospectus, but my guess is they hedge quite a bit against currency flux with this one. Wonder how it compares to their PREMX (hedged) and PRELX unhedged EM bond funds. It’s currently in a funk, which appears to happen in roughly alternating 1-2 year periods.

I just used wash sales as a concrete example of where the cost basis that the brokerage reports to the IRS is not correct - to illustrate that the ultimate responsibility for getting this right is the taxpayer's.
If the sale and repurchase of the security were done in the same account, the brokerage will correctly report the wash sale in box 1g of the 1099-B. But if the wash sale involved two different accounts, especially across different brokerages, the 1099-B won't show the wash sale. You'll have to identify that yourself.
As to what TT does, its dialog (interview) does enable you to make adjustments to the cost basis. That dialog asks you how many shares you repurchased (and when). If, for example, you had a $100 loss on the sale of 1000 shares but then repurchased 400 shares within the 30 day window, it correctly reports a wash sale adjustment of $40 and an allowed loss of $60.

H & R Block included an input line item in its personal tax software program this year that permits it to utilize the total "wash sale loss disallowed" amount from the 1099 form to make the needed wash sale adjustment. I suspect turbotax may also have this feature?

My sentiments exactly. By year-end I will have DCA'd well over the amount needed to convert the shares to lower-priced PRILX.
The only hiccup I had with them was that they held onto scandal-plagued WFC for too long as its largest holding - I sold out on principle back then, and bought it back for my Roth IRA the day I learned they closed the position.

I really like the Parnassus Core Equity Fund for the following reasons:
• Long-tenured managers (start dates of 2001 and 2012) who have over $1M invested in the fund
• Good downside protection
• Moderate turnover for an actively managed fund
• Portfolio is not overly diworsified (39 holdings as of 06/30/20)
• Good long-term performance
My HSA is invested entirely in PRILX.

Thanks Catch. Based on my few bond holdings, the mid-grade (AA/BBB) corporate stuff a bit out on the curve (5+ years) got whacked a bit due to uptick in rates. Shorter term stuff (1-3 years) seemed to hold up better. Foreign (investment grade) bonds held up better. Perhaps the dollar fell some more. The good news is, as bond prices fall yields usually rise. Leon Cooperman, whom I posted last week, calls bonds today “return free risk.” But as for risk ... it’s more than just bonds IMHO.

A little internet poking turned this up this comment from turbotax.....

Thanks to a law passed in 2008, taxpayers receive help keeping track of their tax basis. The law requires brokers to track the basis of specified securities (including stocks and mutual fund shares) purchased in 2011 and later years, and report the basis amounts to investors (and the IRS) when the securities are sold. Congress didn’t impose this requirement just to be nice; the lawmakers hope that basis reporting will lead to more profit being reported and more taxes being collected. As stated, however, the new basis reporting rules which are phased-in over three years only apply to specified securities that are acquired in 2011 and beyond.

https://turbotax.intuit.com/tax-tips/rental-property/cost-basis-tracking-your-tax-basis/L4i1f9qB1

Last week's title was:

bonds found some "lovers" this past week

This week, well; the "love" is a bit on the edge. A bit twitchy in some sectors, overpriced perhaps; not unlike sectors in equity. Whata-ya-gonna-do ???
In the "old days" one could have at least a small amount of assurance, that if the equity markets started or were going to hell in a hand basket; that quality bond holdings would likely be a positive ballast for one's portfolio. The machinations of central banks right now is so fully overwhelming in all aspects of capital markets that I find it more difficult with how to deal with the "perversion" of reality markets. This week's "Jackson Hole" conference placed some guidance by Chairman Powell. What you or the "pundits" make of the pronouncements likely finds a large range of where the equity/bond markets travel in the future. The past 3 weeks of data in this thread show the amount of volatility within some bond sectors.
A few blips below, that may or may not be of value:
--- EXPLAINER, new Fed policy
--- Fed can't talk the U.S. economy into inflation
Lastly, if you remain curious about bonds; you have a defined list of etf's below to help you gauge which areas are having momentum; either positive or negative.
I'm going HIATUS with further posting.
I should have previously included performance for AGG, as a gauge, which is now included in the below list.
The AGG, formerly known as the Bloomberg Barclays Aggregate Bond Index, is an index used by bond traders, mutual funds, and ETFs as a benchmark to measure their relative performance. The index is broadly considered to be the best total market bond index, as it is used by more than 90% of investors in the United States.
Currently, I glance at data for , but do not track muni's, mortgage or foreign bonds.
A few data views from bondland, for mostly AAA rated bonds:

AUGUST 28 WEEK / YTD .....Data M* performance
--- AGG = -.48% / +6.6% (widely used bond benchmark)
--- MINT = + .06% / +1.29% (Pimco Enhanced short maturity, AAA-BBB rated)
--- SHY = + .02% / +2.98% (UST 1-3 yr bills)
--- IEI = - .07% /+7% (UST 3-7 yr notes/bonds)
--- IEF = -.61% /+11% (UST 7-10 yr bonds)
--- TIP = +.29% / +9% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- LTPZ = -.7% / +21.1% (UST, long duration TIPs bonds
--- TLT = -3.1% /+20.1% (20+ Yr UST Bond
--- EDV = -4% / +26.3% (UST Vanguard extended duration bonds)
--- ZROZ = -4.4 /+27.4% (UST., AAA, long duration zero coupon bonds)
***Other, for reference, not AAA rated:
--- HYG = +.5 / -.2% (high yield bonds, proxy ETF)
--- LQD = -1.1% / +7.3% (corp. bonds, various quality)
Well, enjoy and be careful.
Regards,
Catch

Here are a couple of earlier Section 19a docs for the fund: March and April. There may be others.
As @Vegomatic posted in another thread, sometimes these interim classifications of distributions change before getting to the official 1099-DIV.
That said, I noticed that 97% of IOFIX's securities are floating rate. Years ago, I owned a fund that invested in agency ARMs. Almost a quarter of the distributions I received that year was ROC. There may be something inherent in these securities that creates ROC. Just an observation, I'm not digging into it.
The ROC shows up on your 1099-DIV in Box 3 (nondividend distributions). This is pretty basic, and not uncommon for closed end fund with managed distributions. So all tax software should handle it.
There is a quirk with ROC. As noted, this reduces your cost basis. If your cost basis drops to zero, any additional ROC is treated as capital gains.
https://www.irs.gov/taxtopics/tc404
If your shares are "covered" Schwab is required to keep track of your cost basis. I believe that it is required to incorporate the effect of return of capital when reporting your cost basis (i.e. it should track this correctly). However, the ultimate responsibility for keeping track is yours, regardless of what Schwab reports.

I find it interesting from a psychological perspective that the one fund I recommended that is hot right now VWIGX is the one many MFOrs are interested in while the two value ones I mentioned that are also good funds in their categories--QUSOX and HFQTX-- but their categories are not in favor right now are overlooked. Investors tend to chase performance to their detriment, yet it is more complicated that that. Short-term 12-month or one-moth momentum in funds tends to persist while long-term outperformance doesn't and actually the opposite is the case.

Many investors are overly influenced by good recent performance and believe this will lead to superior future performance. This tendency is often referred to as recency bias. When reversion to the mean occurs, these investors are often disappointed. I previously investigated QUSOX (actually QUSIX) and agree that it is a very good fund. I own VWILX and its recent outstanding performance makes me a little nervous. However, I realize this fund is volatile and plan to hold it long-term barring any material changes to management or strategy.

I really like the Parnassus Core Equity Fund for the following reasons:
• Long-tenured managers (start dates of 2001 and 2012) who have over $1M invested in the fund
• Good downside protection
• Moderate turnover for an actively managed fund
• Portfolio is not overly diworsified (39 holdings as of 06/30/20)
• Good long-term performance
My HSA is invested entirely in PRILX.

@BenWP
i sold TDOC at $150