msf stated:
Somewhere around 2015 Fidelity switched from MasterCard to Visa.
musical chairs....CapitalOne is forcing users from an early expiring Visa to Mastercard.
Cap1's highly marketed user changes\benefits? "New Card Number"
hidden bonus: users gifted ~1 month to manually remove and replace all their billpays and visa linked subscriptions.

It's true that there are only a handful of offerings right now, but I just took a quick and arbitrary look at 3 years out and there are eight between 4.7 and 4.85%. I might do a Morgan Stanley in those, because how much longer will Moneymarket SUTXX be paying 5.18%?
Add: In Treasuries, 7 offerings @4.55% maturing 1/27. Another possibility.

Well, if this was a stock and you shorted it 15 days ago, and covered now with purchase, you would have that profit.
But with mutual fund, after sale, you had no exposure. With the purchase, a new gain/loss clock starts.

1, 000 shares X $11.98 = $11,980 Received from sale 15 days ago.
1,000 shares X $11.69 = $11,690 Paid for same number of shares.
So per 1000 hypothetical shares traded the “gain” should be $290. No?
But that doesn’t take into account the lost dividend. 1,000 X $0.0870 = $87 (I think)
So … on 1,000 shares looks like a real gain of $203 if I’m doing this right.
No tax implications. It’s in a Roth IRA. To be honest, I lost about an equal amount while the money was in a different CEF. Not trying to blow my own horn … just figure this out. (The actual amount was somewhat higher than the hypothetical 1,000 shares.)
Thanks @yogibearbull for the assist. You pushed me in the direction of figuring this out, unless there’s something else I may have overlooked!

You sold for $11,980 15 days ago. What was the purchase price of THAT (& any distributions)?
Now, you have bought again for $11,690. Your gain/loss will be determined when you sell THIS lot?

I’m hesitant to delete this even though my question has been expertly addressed by the good folks here. Possibly, someone has more to add ….
@Ted sometimes used a black dot to throw a thread into a semi-conscious state.
Thanks for the help.
-
I sold a CEF 15 days ago for $11.98 p/s
I bought it back today for $11.69 p/s - 29-cents a share cheaper.
Seemed like a good deal.
But I missed out on a (pretty standard) monthly dividend of $0.0870 per share by being out of it.
Let’s assume no fees paid.
Did I gain anything? Let’s use a hypothetical 1,000 shares for illustrative purpose.
Thanks for any assistance to this decidedly math-challenged investor. :)
PS - I tried to do a simple multi-figure subtraction problem the other day on paper as first learned in 8th or 9th grade. Couldn’t do it. Gave up. Damn calculators!

Will not bother the Bogleheads. They don’t trade or even look at their statements. Or so they say.
At least some beg to differ. I especially liked this post:

I can’t imagine how many people are calling Vanguard customer service today or will in the next few days.
49 million?

(Vanguard claims 50+ million customers.)

Thanks for the reminder. There were two aspects of Vanguard's announcement that particularly irked me. One was the new closeout/transfer fee (FWIW, Schwab charges $50 vs. Vanguard's $100). The new charge for calling about non-trade-related issues was the other fee that caught my eye.
I'd forgotten that related to the latter was the "don't call too much - or else" clause. I even called Vanguard to confirm that this doesn't apply to people paying for advice (Vanguard Personal Advisor).
One of the people I know using the PAS service received the identical letter from Vanguard that I received. There was no mention about still being able to talk with an advisor w/o a telephone charge, let alone risking getting "fired".
As the article said, Vanguard's communication on changes has been very poor.

Whatever happened to Vanguard's old motto - VG customers are its shareholders ? Or, VG is owned by its customers?
https://riabiz.com/a/2024/6/19/vanguard-warns-its-phone-reliant-investors-of-termination-without-warning-or-explanation-under-new-contract-effective-july-1
Bob Berger - X/Twitter

If you look at M* Portfolio pages, both Primecap VPMCX / VPMAX and Primecap Core VPCCX are close to the blend-growth borderline. Both have the same 5 managers. But only the Investor class VPCCX is available for the latter. As being run now, differences may be mostly only due to their ERs.
BTW, M* will soon be tweaking its 9-Box classifications to reduce the natural growth-drift in the US market.

AAII Sentiment Survey, 6/19/24
BULLISH remained the top sentiment (44.4%, above average) & bearish remained the bottom sentiment (22.5%, below average); neutral remained the middle sentiment (33.1%, above average); Bull-Bear Spread was +21.9% (above average). Investor concerns: Elections, budget, inflation, economy, the Fed, dollar, Russia-Ukraine (121+ weeks), Israel-Hamas (36+ weeks), geopolitical. For the Survey week (Th-Wed), stocks up, bonds up, oil up, gold down, dollar up. Big US stocks: 1-NVDA, 2-MSFT, 3-AAPL. Tech XLK rebalance to require selling billions of AAPL to buy more NVDA. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1522/thread

Buying into the S&P 500 seems like buying into megacaps but then adding 300 "smaller" companies for what? Seasoning? Diversification?

Reason: Lots and lots and lots of people buy the SP500. The more people that buy the SP500 the more those companies/SP500 go up. Supply/demand.

Clap hands for Tinkerbell.

Any comments on Primecap Core vs Primecap? I am considering adding Primecap Core to complement my current stake in Capital Opportunity fund. Compared to VHCAX, VPCCX leans more toward Large Caps (72% vs 66%) and Value (25% vs 20%), which should make it a good fit for my portfolio.

Is there any ... OEF that has decent volume along those lines?
Why should volume of an OEF matter? Perhaps availability matters, but why volume?
Regarding availability, what that seems to be saying is that S&P 500 funds are a poor person's substitute for less widely available funds that track mega caps.
Edit: Ironically enough, there is an ETF that tracks the S&P 100 with ticker OEF.
XLG tracks the S&P Top 50. It has about 40% of the trading volume (in shares) of DIA, though of course a much lower dollar volume.

Sorry. my volume question was related to ETFs. Actually, AUM probably would be more useful data for both types, come to think of it.
And thx for the reminder - I remember OEF now that you mention it, but never heard of XLG...that looks like a good one!

Is there any ... OEF that has decent volume along those lines?
Why should volume of an OEF matter? Perhaps availability matters, but why volume?
Regarding availability, what that seems to be saying is that S&P 500 funds are a poor person's substitute for less widely available funds that track mega caps.
Edit: Ironically enough, there is an ETF that tracks the S&P 100 with ticker OEF.
XLG tracks the S&P Top 50. It has about 40% of the trading volume (in shares) of DIA, though of course a much lower dollar volume.

Go with the crowd because the crowd makes self-fulfilling decisions? Lots of people buy because prices go up because lots of people buy?
By that reasoning, the S&P 500 (TR) should be outperforming the S&P Top 50 (TR), and yet ...
          500       Top 50
YTD  15.82%  22.62%
1yr    26.33%  34.10%
3yr    11.33%  14.84% (annualized)
5yr    15.35%  18.75% (annualized)
10yr  12.93%  15.11% (annualized)
All figures through June 18, 2024. The last (10yr) is a hypothetical number provided by S&P Global, since the launch date of the Top 50 index was Nov 30, 2015.
https://www.spglobal.com/spdji/en/indices/equity/sp-500-top-50/?currency=USD&returntype=T-#overview

Yes but how many people invest in the Top 50-ish? Is there any ETF or OEF that has decent volume along those lines? I haven't looked, but I doubt it. (BBLU maybe?) Ergo pretty much everyone buys the index b/c that's what their retirement plans offer.
(I prefer more concentrated funds myself, fwiw saying.)

Go with the crowd because the crowd makes self-fulfilling decisions? Lots of people buy because prices go up because lots of people buy?
By that reasoning, the S&P 500 (TR) should be outperforming the S&P Top 50 (TR), and yet ...
          500       Top 50
YTD  15.82%  22.62%
1yr    26.33%  34.10%
3yr    11.33%  14.84% (annualized)
5yr    15.35%  18.75% (annualized)
10yr  12.93%  15.11% (annualized)
All figures through June 18, 2024. The last (10yr) is a hypothetical number provided by S&P Global, since the launch date of the Top 50 index was Nov 30, 2015.
https://www.spglobal.com/spdji/en/indices/equity/sp-500-top-50/?currency=USD&returntype=T-#overview

Buying into the S&P 500 seems like buying into megacaps but then adding 300 "smaller" companies for what? Seasoning? Diversification?

Reason: Lots and lots and lots of people buy the SP500. The more people that buy the SP500 the more those companies/SP500 go up. Supply/demand.

BB "Concentrated funds are OK as long as the managers are not averse to portfolio turnover."
Low/high turnover and/or Concentrated/non-Concentrated funds don't guarantee better performance or better risk-adjusted performance.
Concentrated portfolio + low turnover can be terrible if the fund owns bad holdings.
FAIRX has low turnover, high Concentration + poor 3-year performance. It took me 5 hours of research...not, only 2 minutes.

For me FCNTX had become for all intent and purpose an S&P 500 clone albeit with active management and a higher ER. It currently has 315 holdings. Also I'm not sure how much longer Danoff will remain in charge.
As for BIAWX I invested initially because of the management team, a concentrated focus (currently 33 holdings) and the ESG theme of the fund. To each their own, you do you.