Update:
Symbol: NRDCX
Expenses stated in link below:
https://www.sec.gov/ix?doc=/Archives/edgar/data/1141819/000089418924005952/ck0001141819-20240925.htm

https://www.sec.gov/Archives/edgar/data/1286087/000199937124012554/perritt-485bpos_092724.htm
Updated 9/30:
https://www.sec.gov/Archives/edgar/data/1286087/000089706924001905/497k.htm
https://www.sec.gov/Archives/edgar/data/1286087/000089706924001901/497e.htm

He has a small "fleece them" one more time window,

Let's hope that window closes in another 38 days.

Did QLEIX have a distribution today or was the drop just a gift for the weekend? Historically, it distributes in December, and I was not able to find any distribution information. M* NAV information ($15.92) is correct but M* is showing only 0.19% loss for the day, the same %age loss as yesterday.
If there is no distribution that marked the NAV down today, then QLEIX earned zero for the past 4 months. What a loss of wealth! As they say, never short a dull market.

I think I saw a guy hawking those watches inTimes Square for $9.95 a couple months ago. Probably be able to grab one for under $5 next time out. Yes, thanks @rforno for the link.

From Heather Cox Richardson today:
"Trump might also be concerned about money. After recently putting commemorative coins on the market, today he advertised Trump watches at prices from $499 to $100,000, although the fine print specified that the watches in the ad might not “be an exact representation of the final product.” "
Anyone want to guess where they might be made and what the tariff will be?
And in keeping with staying on topic also from HCR:
"But stock in Trump Media & Technology Group, the parent of his Truth Social, has been falling and is now about 82% less valuable than it was in March when it debuted. Today a new regulatory filing showed that one of the biggest investors in the company has sold more than 7.5 million shares, or about 4% of the company’s outstanding shares. Trump owns about 60%."
Info on the sale by the NYT.

He says people can't buy bacon and things they need but then begs them to please buy his chintzy stuff that they don't need. Does anybody see the logical disconnect here in MAGA-land? Oh right, it's a cult, and logic doesn't apply there. Nevermind.
Relatedly, speaking of the watches:
https://www.thebulwark.com/p/everything-you-never-wanted-to-know

From Heather Cox Richardson today:
"Trump might also be concerned about money. After recently putting commemorative coins on the market, today he advertised Trump watches at prices from $499 to $100,000, although the fine print specified that the watches in the ad might not “be an exact representation of the final product.” "
Anyone want to guess where they might be made and what the tariff will be?
And in keeping with staying on topic also from HCR:
"But stock in Trump Media & Technology Group, the parent of his Truth Social, has been falling and is now about 82% less valuable than it was in March when it debuted. Today a new regulatory filing showed that one of the biggest investors in the company has sold more than 7.5 million shares, or about 4% of the company’s outstanding shares. Trump owns about 60%."
Info on the sale by the NYT.

What are these foolish customers thinking? A one-time fraudulent deposit followed by a large withdrawal is not only traceable, but may block the account.

Speaking as someone whose career involved thinking like a criminal / terrorist / bad guy while being on the side of good, it's a sign of the times ... how much the average person DOESN'T know about the world around them or how it works. Sure, there's a ton of 'information' out there, but much of it is noise meant to distract and entertain people while generating profits for the producer/influencer.
'Check fraud' is a foreign concept b/c who under the age of 50 still uses checks? It's all Venmo, credit/debit cards, EFT, or other appified payment schemes.
Fraud is fraud, period. But the 16-day hold is more than excessive, that's for sure.

Fund Allocations (Cumulative), 8/31/24
Tiny shifts. The changes for OEFs + ETFs were based on a total AUM of about $36.96 trillion in the previous month, so +/- 1% change was about +/- $369.6 billion. Also note that these changes were from both fund inflows/outflows & price changes. #ICI #Funds #OEFs #ETFs
OEFs: Stocks 53.73%, Hybrids 5.85%, Bonds 18.01%, M-Mkt 22.40%
ETFs: Stocks 82.06%, Hybrids 0.39%, Bonds 17.54%, M-Mkt N/A
OEFs & ETFs: Stocks 61.04%, Hybrids 4.45%, Bonds 17.89%, M-Mkt 16.63%
https://ybbpersonalfinance.proboards.com/post/1672/thread

Phaeacian blew up in a big way.

From an email that I received from Rondure ("Final Shareholder Letter"):
September 25, 2024
Dear Fellow Shareholders:
It is with heavy hearts and thoughtful consideration that we inform you that the Rondure New World Fund (RNWOX/RNWIX) will be liquidated on October 18, 2024, and with this closure, we will also be closing Rondure Global Advisors.
The economic landscape of our emerging markets-focused strategies has been challenging for some time. Our entire team has been dedicated to facing those challenges with the constant objective to achieve long-term positive returns for our clients and investors. Unfortunately, recent unforeseen developments within our business have forced us to reevaluate our ability to continue. It is a painful outcome and certainly not a decision we anticipated ever having to make, particularly when we think emerging markets remain such an interesting and compelling long-term investment. We did not make this decision lightly, but ultimately, consideration of the economic and operational realities of continuing the firm have led us to realize closing is the best outcome for our clients.
As an investor in the Rondure New World Fund, you have two options: a) redeem your account prior to October 18, 2024, or b) receive a check for the value of the account shortly after October 18th. Note: If you hold the New World Fund in a taxable account, the IRS will consider either option to be a taxable event.
We would like to thank you for all the years together. It was truly a pleasure serving you; we wish we could continue. We are proud of Rondure and the contribution we’ve made to international investing and diversity within our industry. If you, like us, remain intrigued by the long-term opportunities in the emerging markets space, we have talked with Grandeur Peak Global Advisors about allowing Rondure clients to invest in their soft closed Grandeur Peak Emerging Markets Fund (GPEIX). If you’re interested in exploring this option, please reach out to [email protected] to discuss their Fund and a purchase waiver.
Please let us know if we can be of assistance through this transition, or feel free to call the Rondure Funds shareholder services team at 1-855-775-3337.
Thank you for your understanding and support.
Best regards,
The Rondure Global Advisors Team
Investing involves risk, including loss of principal. An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a Rondure Fund prospectus, containing this and other information, visit www.rondureglobal.com or call 1.855.775.3337. To obtain a Grandeur Peak Funds prospectus, containing investment objectives, risks, charges and expenses, visit www.grandeurpeakglobal.com or call 1-855-377-PEAK (7325).
Rondure Funds and Grandeur Peak Funds are distributed by Northern Lights Distributors, LLC (Member FINRA / SIPC). Northern Lights Distributors, LLC, is not affiliated with Rondure Global Advisors or Grandeur Peak Global Advisors.
20240911-3842017

AAII Sentiment Survey, 9/25/24
BULLISH remained the top sentiment (49.6%, high) & bearish became the bottom sentiment (23.7%, below average); neutral became the middle sentiment (26.7%, below average); Bull-Bear Spread was +25.9% (high). Investor concerns: Elections, budget, inflation, economy, the Fed, dollar, Russia-Ukraine (135+ weeks), Israel-Hamas (50+ weeks), geopolitical. For the Survey week (Th-Wed), stocks up, bonds down, oil up, gold up, dollar up. NYSE %Above 50-dMA 68.35% (positive). Commodities & EMs have benefitted from the Fed rate cut. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1670/thread

Schwab Asset Management Announces ETF Share Splits
https://www.businesswire.com/news/home/20240925837158/en/
Looks like they're targeting 25-30 price per share on these popular ETFs after the split.....

@hank this is a piece I received from Rosenberg (David) Research today.
Memo To Treasury Market Investors: Chill!
Okay, I am getting inundated enough now regarding the sloppy behavior by the Treasury market since the Fed cut rates -50 basis points last week that it deserves a response. A little bit of history is in order.
When the Fed cut rates -50 basis points at the onset of the easing cycle that commenced on September 18th, 2007 (from 5.25% to 4.75%), the 10-year T-note yield actually popped the next day to 4.55% from 4.47%. That is because investors bought into the view that the rate cut was better for the equity market than it was for the bond market because, like now, there were visions of rate cuts being coupled with a “no landing” economic scenario. By October 12th that year, the 10-year T-note rate had risen to 4.70% for a +20-basis point increase in the 10-year T-note and my phone was ringing off the hook: “WTF is going on?” I preached patience then as I do now. At the lows, the 10-year T-note yield hit 2.08%.
The same thing happened on January 3rd, 2001, when the Greenspan Fed cut -50 basis points in a surprise intermeeting move, and the 10-year T-note yield spiked to 5.14% that very day from 4.92% the day before as fund flows went straight into the stock market, and for the very same reason cited above. Because nobody had a recession in their sights, the 10-year T-note yield was sitting at 5.4% by the end of May 2001 — up nearly +50 basis points from the point right before the Fed had engaged in that jumbo cut. Where did the yield bottom? Try 3.13%. Nothing moves in a straight line, is all, and the reality is that bonds typically do rally in Fed easing cycles, short or long, and whether or not a recession ensues.
What about that -50-basis point rate cut on February 1st, 1991? That followed nearly a dozen -25 basis point moves, and that day, the 10-year T-note yield closed at 7.91% — only to then rise to 8.25% by March 19th and then to 8.36% by July 9th. But what a buying opportunity it proved to be because the fundamental low was 5.19%.
Go back to the first jumbo cut of -50 basis points on October 11th, 1984 (after a pair of -25 basis point cuts) and the 10-year T-note yield again refused to rally initially — it was 12.31% that day, and days later, it was sitting at 12.32% — and yet, the low was 7% and this did not even require a recession. Just sustained disinflation.
So, stay the course and stop freaking out over daily or weekly gyrations. History shows that equity investors rejoice more than bond investors do to the initial jumbo rate cut. But the early “sell the fact” that engulfs the bond market proves to be a very attractive buying opportunity because in disinflation cycles, when the Fed is easing, with or without a classic recession, the trough in Treasury yields is down the road. And history shows that, on average, the decline in the 10-year T-note yield from the start of the first jumbo cut to the low is closer to -300 basis points. That would put sub-2% in sight for the 10-year T-note, as an aside.

Just one day. But the 10-year was anything but “golden” today. Rose .062 ppt to 3.795%. Has been doing a slow climb ever since the Fed cut the discount rate last week. So, chances are some intermediate / long-term bond funds have taken a bit of a hit over the past week - esp today.
Rieder has a good reputation and talks a good game. “Bubbly” with enthusiasm for bonds whenever he appeared on Bloomberg the past 12-18 months. For some stability (not looking to make a lot) I sent a chunk to a Gundlach investment grade bond etf last week. Never invested with him. Was very impressed by an hour long interview a few months ago - his intelligence & his read on the longer term macro. I posted the video here. But got the sense from lack of board interest Mr. G may have fallen out of favor.
Thanks for the great thread @Junkster

The heady days of 5%+ MMs being over (the two I've used at Fido are down ~ 25-30 basis points each, with surely more to come), I've sent some of the cash to limited duration and opened a position in WSHNX. Not seeing enough upside to add to risk assets right now.
Quite a bit more cash coming in in October with two maturing T bills, so some planning is the task of the moment for this lowish-risk retired investor.

Blog - https://bilello.blog/2024/the-week-in-charts-9-25-24
These got my attention -
The 20% gain in the S&P 500 is the best start to a year since 1997 and 17th best in history.
Retail sales grew 2.1% over the last year, well below the historical average of 4.6%. And if we adjust for higher prices, they actually fell 0.5% versus the typical inflation-adjusted gain of 2%.
The Personal Savings Rate in the US has moved down to 2.9% . . .The average savings rate over the last 30 years is 5.8%.
The months’ supply of Existing Homes has moved up to 4.2
[If I remove from the chart the 2005 to 2012 years supply skewed by housing fraud, 4.2 months supply looks pretty normal to me on the chart. Existing home supply seems pretty good and if there is not enough demand, then watch for prices to come down.]

Hi @mskursh Welcome to MFO. I think you'll find this forum of value.
And 'hats off to you' for helping co-workers have a better understanding of investing.
401k's and/or 403b's are surely not perfect depending on the plan sponsor and the amount of support by the employer; but I saw too many over many years who wouldn't have saved a dime if not for having a 401k/403b plan available. And, of course; some will never learn or have prudent spending/saving habits.
I operated an investment club within a small office and convinced 15 of 25 people to place $100/month into the account and I would manage the money. I also provided a monthly report of all values and totals; and where and why the money was invested. The club operated from 1985 to about 1992, until disbanded by vote. But, the $100/month formed good habits for many; and this helped them later when a 401k plan became available.
Remain curious,
Catch