David: Thanks for the information. I use the fund with VELIX in the alternative long-short category. There R is .62 but only for 15 months, VELIX being relatively new.

Yogi summaries are valuable. I have a digital subscription to Barron’s but inevitably seem to miss articles of interest. One such example is @LewisBraham post on changes to the 401k. Content on the potential back door Roth elimination is important to me. The addition of annuities to the 401k… I wanted to see if the story would address what happens to your annuity when you pass. It covered the topic. Good content
“One of the behavioral reasons why people don’t want to select an annuity is they feel that ‘if I give you this money and I pass away in a year’s time, then I’ve lost the money,’ ” says Nick Nefouse, BlackRock’s head of Retirement Solutions. “The way we’ve structured this is your dependents will continue to receive the money to take that [anxiety] off the table.”
Your 401(k) Has Quietly Undergone Significant Changes. What to Know.
https://www.barrons.com/articles/401k-changes-three-major-additions-one-loss-51641495748

JMHO - But sounds to me like they’re hoping to chill some markets (housing & many equity sectors). But they’re not getting much response with mere words to date. Hence the talk of a .50% hike in the first meet. (I don’t think they’d dare.) Honestly, I don’t know what it would take to bring some rationality about. I doubt 1-2% in hikes could stem the mania - until after it bites deeply into the economy months later.
Powell is in a corner.
At some point psychology & momentum will turn. I guess a few of the most overpriced have already turned south. Some crypto and the ARKK stuff. (Yes ARKK may well be on the rebound - after something like a 70% fall from peak).
Full disclosure: I’m an invested bear.

It may be semantics. But M* defines World-Allocation as 70%- equity that includes 40%+ exposure to international stocks. On the other hand, moderate-allocation/50-70% equity has mostly domestic stocks.
World-allocation funds includes TIBAX/TBLD (CEF), SEGNX, CIBAX, etc. Fido had one that was shut and merged into other funds.

Fed fund futures market expectations now are +0.25% hikes in successive FOMC mtgs in March, May, June. Then skip hike in July, another hike (4th) in September, skip hike in November and another hike (5th) in December. This leads to a speculation that one of those early hikes (any of March, May, June but more likely March) could be +0.50%. Things can change - the fed fund futures can change; Powell can flip-flip (after all, he has done it several times (4?) already, and on rates in Fall 2019, well before anyone had heard of Covid-19).
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

Fed’s Bullard Doesn’t think a half point rate increase “really helps us” …
Interviewed February 1
(Excerpt) St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank's meeting in March and likely again in May, but he pushed back against the idea of kicking off the coming tightening cycle with a half-percentage point hike. "I don't think a 50-basis point hike really helps us right now," Bullard said in an interview with Reuters … </i1
https://www.reuters.com/business/feds-bullard-does-not-think-half-point-rate-hike-really-helps-us-reuters-2022-02-01/

If you have specific questions about Invenomic, do let me know. Ali & co. have been pretty responsive in the past, going so far as meeting me for coffee and an interview in lovely Moline, Illinois. I'd happily raise your questions or ask the folks there to scan this thread (which they've been known to do).
I share, by the way, the concern over the fund's e.r. Part of the expense can be excused as "the inevitable cost of shorting securities," but the management fee is 1.74%. When I look at other five-star long-short equity funds, the equivalent numbers range from 1.20% (Alger) and 1.25% (Virtus KAR) to 1.50% (RiverPark) and 1.99% (Longboard). Again, that's management fee, not total e.r. but management fee is the thing most easily controlled by the advisor.
David

probably will be able to let things down easy
https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=116&amp;emc=edit_pk_20220201&amp;instance_id=51861&amp;nl=paul-krugman&amp;productCode=PK&amp;regi_id=22268089&amp;segment_id=81324&amp;te=1&amp;uri=nyt://newsletter/292a92e4-f45d-5b58-9234-e4b0303326c2&amp;user_id=83d45440ead1d14c2a89a1e7221337d1

unusually high capital gains ... has ... drawn scrutiny from regulators
debate over whether target-date funds are suitable for taxable accounts
The high Vanguard distributions were the result of a technical change Vanguard made. It lowered the min for institutional funds, thus triggering a mass selloff by small company plans as they migrated from retail clones into the institutional funds.
Once one realizes this, the two statements above come off as a nonsequitor.
Suppose that instead of target date funds, Vanguard had lowered the min of VITPX from $100M to $5M. (For the sake of argument, assume VITNX, VSMPX, and VITSX did not exist.) One would expect to see a similar migration of small employer plans from the retail fund VTSAX to the institutional clone VITPX.
This in turn could trigger a large cap gain distribution to the remaining retail investors. VTSAX has unrealized cap gains amounting to about half of the fund assets, according to M*.
Surely one would not suggest that a total stock market fund was an inappropriate choice for a taxable account, just because a poorly planned change could could trigger a torrent of recognized cap gains.
This is a completely different question from whether target date funds are suitable for a taxable account.

Fed’s Harker Says 4 rate hikes appropriate this year.
(Excerpt) Right now, I think four 25 basis point increases this year is appropriate," Harker said during an interview with Bloomberg TV. "But there's a lot of risk here," including the risk that inflation is worse than expected, or that it eases faster than Fed officials expect, he said.
Here

https://www.prnewswire.com/news-releases/vanguard-bolsters-roster-of-external-advisors-with-addition-of-ariel-investments-301471513.html
From Vanguard:
https://pressroom.vanguard.com/news/Press-Release-VG-Bolsters-Roster-External-Advisors-Adds-Ariel-Investments-013122.html

Cwoods add more tsla Fri 39.5millions
Buffett woods also have/add more I think NIO or XPENG

Folks had plenty of opportunity last week to buy ARKK. I provided a buy price ($64.5) and reasoning and followed up on several days last week and also posted when I bought on Friday. From the silence, I figured folks have no interest in a ARKK trade / investment.
I think @yogibearbull also started a thread on Friday about market forming a base.
Those interested in getting off the sidelines have already gotten off.
Good luck.

Several past posts:
1) "MSF describes it—blend—a blue chip stock with its heady growth days in the past.
"Agree with msf and Lewis assessment. The fast growing business (iPhones, computers, music, and AppleTV) since Steve Jobs's returned has plateaued. In some area Apple is trailing."
2) "Growth is about revenues, cash flow and earnings versus the benchmark and industry peers and it’s forward looking, not from five or ten years ago."
FD: reality check. After another year. Apple proved it's not just another blue chip stock. It's even more amazing to do it when it's so big already.
Apple 2021 annual EPS was $5.61, a 71.04% increase from 2020. The price followed.

Hi sir the Pudd
Many folks say its oversold past 6 weeks...hard to say
Still got 15 yrs left and has time to make up...
I still buy Vang 2050 vpccx vgstx monthly basis.
If was retired probably all bonds Corp bonds TIPS and very little equities added. Mama portfolio very conservative down 5% last 6 wks

M* indicates that BIVIX has a net ER of 2.84% and an adjusted ER of 2.24%.
I personally wouldn't purchase a fund with an ER > ~1.25%.
Many alt funds are too expensive...

Missed opportunity. Could have laid all your money on ARKK Friday and cashed out today with a nice 9.5% overnight gain. Shucks!

I own a substantial share of my IRA and Roth IRA in PRWCX. I'm looking for a similar fund which invests in the same fashion and falls into the same Allocation range 50 -70%, but which invests Internationally. I would also be open to a combination of funds if it follows the same approach. I'd appreciate any suggestions - clear

At 1.25% (from the current 0.25%) is still a way below the 2% when the pandemic started in March 2020. In combination with tapering, perhaps it may contain the 6% inflation.

**EDIT**
I edited my compare post and added JABAX to all periods. JABAX performance during GFC stands out.
@yogi
During Period 5, ANNPX co-relation with PRWCX is 0.91 and 0.89 with IWM.