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If all of this makes you consider throwing in the towel on active management, you’re not alone. Investors continue to shift money into indexed exchange-traded funds and away from mutual funds. In the Large Growth category, some $16.2 billion has flowed into ETFs in 2022, $8.6 billion of that during the first two months of the third quarter. In the Large Growth mutual fund category, $54.8 billion has fled this year, and $14.5 billion in July and August.
The big ETF winners, flow-wise, in Large Growth this past quarter have been Vanguard Growth (VUG), with $2.1 billion of inflows, followed by SPDR Portfolio S&P 500 Growth (SPYG), with $2 billion. The biggest mutual fund Large Growth outflow losers were T. Rowe Price Blue Chip Growth (TRBCX), down $3.1 billion, and Harbor Capital Appreciation (HCAIX), down $2.1 billion.
Some 70 Morningstar mutual fund categories suffered outflows this past quarter, while most ETF categories experienced inflows or only small outflows. While September’s full-month flow numbers aren’t available yet, the mutual fund outflows are part of a longer-term trend that some have dubbed “flowmageddon,” which could have harmful tax effects.
@Sven et al
Available money market funds used by many at Fidelity, to park money, are:
SPAXX = 2.51% yield (no minimum)
FDRXX = 2.59% yield (no minimum)
FDZXX = 2.96% yield ($100,000 minimum)
+1.Why don't you all use the private messaging on this site. Easy to use.
Good luck, Derf
I know my post above wasn't my best writing, but I don't think I wrote anything inconsistent, like saying that a law was both repealed (in 2019) and still on the books.Its inheritance and estate taxes were created in 1899, but the state repealed them in 2019.
Its estate tax technically remains on the books
https://www.michiganvotes.org/2019-HB-4922Repeal the law authorizing a Michigan estate tax. For a number of years this tax has not been collected because language in the law links it to a discontinued state estate tax credit in federal law. Should this federal law change the Michigan estate tax could go back into effect.
https://legalbeagle.com/8083490-comparing-deeds-lady-bird-deeds.htmlQuitclaim deeds offer no warranties of title, and title companies may offer very limited coverage or none at all if asked to issue a title policy based on one. A ladybird deed may transfer title with warranties in the deed whereby the grantor warrants that he has full ownership of the property at the time of the conveyance
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