SFHYX looks interesting - but expenses are a whopping 2.9%
The cheaper share class (1.75% expenses) is HFSYX but (at least at Schwab, Fidelity and TDAmeritrade) the minimum investment is $1m., even in an IRA.

1/21/22 Episode:

The madness of crowds …
I’m tip-toeing into DKNG (one of Wood’s gems) at below $20. Here’s one that was $75 10 months ago. Small amount. Long term hold at this price. Daily price swings of 5-8% in either direction are common. (I’ve traded in and out in the past.) Have used their app for a year. Like it. Cannot find any material change in the health or prospects of the company. Highly speculative of course.
It’s sad that many have lost their shirts on ARKK. Am not familiar with Wood’s other holdings except for the one I own. Tesla builds a fine car. Musk’s a genius. I get it. But companies exist on cash flow and have intrinsic value. That appears to have been lost in the minds of many. Something I don’t hear a lot about in the press is that most of these companies have piles of debt. With rates going up, that’s an added strain.
I agree with @wxman123 to the extent than the early investors in ARKK did very well. Wonder how many piled in a year ago, however?
PS - I wouldn’t rule out buying in myself at some future point. But, got too many irons in the fire right now as is … :)

@stayCalm, by name, JHEQX /JHQAX sounded like long-short fund but when I checked its portfolio at M*, it showed only longs, no shorts; M* classifies it under Options-Trading. Then, I dug deeper and found that it has 5-20 put options-overlay strategy. MFO classification may not be very refined.

JHEQX /JHQAX uses options spreads - it quarterly buys 5% OTM SP500 puts, sells 20% OTM SP500 puts, so the protection kicks in when SP500 is down between 5-20%. There is no protection for the first 5% down, or for more than 20% down. It is an options overlay fund, not a long-short fund.

This piling on is so unfair. The market is just in liquidation mode for high flyers, was inevitable but that doesn't mean this is dot.com 2.0 (it isn't IMO). Those who held ARKK since inception have still averaged 25% CAGR versus 14% for VTI. What, did folks who gained 157% in 2020 think there would be no extreme volatility? Buy more, I am (but not with what I'm looking to retire on, one never knows........)

Behind pay wall for me. May be somebody could let me know what it is about. This is not 5he first time we had option expiry date. What is different today? Thanks.

There were two different issues:
1. Frequent trading - the funds, in violation of their prospectus, allowed only certain investors to trade frequently. That's different from your example, where everyone has the ability to trade the same way. You don't have any special advantage here, unlike the funds' privileged clients.
Some funds, like ProFunds, are explicitly promoted for use by market timers. Most claim to restrict frequent trading; several lied about that and committed fraud.
https://www.profunds.com/trading_information/trading_policies.html
2. Late trading - selling not at 3:59PM but at 6:00PM, based on after close information. Illegal generally. Several fund families nevertheless permitted certain clients to trade after market close. Again, this is different from the example you gave.
https://en-academic.com/dic.nsf/enwiki/11781657

The SEC’s issue wasn’t so much with interfering with the fund’s operation (buying / selling) as with the fact that outsized “gains” were going out the door into the pockets of the slick operators. (Hence the term “skimming). Say an ETF investing in mining companies (highly volatile) jumps in price by 10% on a given day. I’ve been tracking the holdings or an index of mining companies and I sell 100% of my holdings at 3:59 PM. Two days later, the ETF drops by 15%. I reinvest my outsized gains, buying an additional 15% more shares in the ETF than what I had 2 days prior. Now, tell me harm wasn’t done to those who sat tight and didn’t sell at the high and buy in at the low. If I do this over and over again, often enough, those who sit tight will bleed (financially).
And, this would appear more serious in an actively managed ETF.

I agree with all of what @msf said. Having been with a dozen different fund houses I know all like to restrict “churn” for the reasons given. Valid reasons. Each has a slightly different approach. D&C’s seems less stringent - but I’m sure they’d flag someone for abuse. Their small number of offerings probably reduces incidence of abuse.
What I’ve long wondered about is the mutual fund “skimming” scandals of the late 90s / 2000 that involved Strong and a number of other houses. Slick (sometimes organized) traders were allegedly buying and selling funds frequently to “skim” profits. It was alleged by the SEC that this practice harmed the other (99%) of shareholders in the fund. I get it. In fact, it led me to scatter my holdings among 5 separate fund houses back than to gain more flexibility in trading and get around the heavy handed restrictions that followed the SEC crackdown.
But now - We’ve got ETFs - including some actively managed ones - which mimic mutual funds in most respects. Yet, no restrictions on trading. No inquiring SEC. What gives?
LATE EDIT - Thanks @msf for clarifying FIFO as pertains to selling NTF funds. That’s where I’ve been confused. I’ll save that to my files. Probably put it to the test some day.

This fund has 2 share classes, total AUM per MFO is 278M. The high fee is no doubt a factor towards the small AUM. The inception to date stats for this fund are very good too
Inception: 200410
Life APR=7.2, SP500 APR=11
Max DD=16.9, SP500 Max DD=50.9
Recovery=21 mos, SP500 Recovery=53 mos
Sortino=2.08, SP500 Sortino=1.01

I haven’t fully comprehended Fido’s 60 day holding period after you buy somebody else’s fund NTF (no transaction fee). You can sell it inside the 60 days, but ISTM that triggers a $49.95 fee. So I don’t sell off any within 60 days of purchasing or adding to. However, if it’s one of Fido’s house funds, the holding time is only 30 days. Again - you can sell inside the 30 days, but in that case you are in violation of their house rules. They not only let you know, but also impose trading sanctions. That’s the kind of stuff I meant by “getting up to speed.” Everything’s explained on their website - sort of.
The easiest way to avoid the hassle if it’s something you intend to trade in and out of is to buy ETFs. As far as I know, they carry no restrictions on trading. In addition the expenses tend to be lower. I use both. Mutual funds I own and rarely trade: PRWCX, CVSIX, RPGAX. / ETFs I use: PSMM, QED. Of course, you can buy virtually any stock by specifying number of shares or dollar amount. Fido’s own funds look awesome, but I don’t have any particular “slot” to plug one in at present.

Respectfully I disagree. Hindsight is always 20:20 of course but here are some stats on VWINX and a few others over the last 3 year period. I have not looked at the 5 and 10Y stats but pretty sure that other funds have done better than VWINX in terms of higher APR, lower max DD and higher Sortino ratio
- VWINX: Max DD=8.6, APR=11, Sortino=2.33
- SFHYX: Max DD=3.1, APR=17.5, Sortino=6.29
- JHEQX: Max DD=5.1, APR=13.6, Sortino=3.37
- MAFIX: Max DD=7.5, APR=20.3, Sortino=3.38

Good to know that, "it can loose no more than 50%"
Derf

See the thread that @Derf started in mid-November, https://www.mutualfundobserver.com/discuss/discussion/comment/144545/#Comment_144545

@lewisbraham
Terrible destruction of wealth. Hoping most in that fund didn't invest a substantial portion of their hard earned monies into this crap.
Willingly acts to cause harm. She must've known this was all bullspit no?
At what point does this cross over into malfeasance? Did Wood not enrich herself thru promotion of her fund?
Answering balubalu. Low to mid 50s is where maybe worth trying to catch a falling knife
Posting for entertainment purposes only
I don't know anything about anything
Best
Baseball Fan

Crash, you've likely read here over the years the discussions about Fido, Schwab, TRP, Vanguard, etc.
I'm biased with Fido, as our investment accounts started with them in 1978. Fully our decision after investigation. We also have some experience with Schwab (now closed) that was offered via an employee plan.

Once the account is set-up online, I'd be free to get into and out of a bunch of mutual funds from a bunch of different Houses--- even in a T-IRA, yes?

YES !!!
--- How many funds does Fidelity offer?
Over 10,000 funds from Fidelity & other companies. Well, I suppose; if one includes all of the share classes offered. BUT, needless to say; you'll have an overwhelming choice of funds from different houses, as well as just about any individual stock or bond you'd like to purchase.

Is $200+K too small for them to worry about? Is that amount so small that it would restrict my options if I used a brokerage?

NO!!! I've helped several over the years set up Roth accts. for them and their kids. Start with $100...........cool, no problem.
--- A Fido account (IRA in your case) for buy/sell of funds, etf's, stocks, etc. has a cash account attached. The cash acct. Not knowing your circumstance for money going into a new acct.; the monies generally would "land" in the cash area of your IRA acct. From there you may buy whatever, with the transaction being inside of the IRA. This in itself is a form of "brokerage" within the IRA acct. Buys and sells move from/to the core cash acct. in the IRA........the core cash acct. EX: $10,000 setting in the core cash and you buy $5,000 of fund, etf, or stock of "X". You now have $5K remaining in core cash (for future buys) and $5K in whatever you purchased. The reverse would take place upon the sale of investment "X"........the proceeds of the sale would move back into the core cash area of your IRA.
NOTE: Fido funds have no minimum purchase...........so, $100 or whatever with get you into the door. This does not apply to other fund houses you may want to buy.
NOTE 2: We have a Fido brokerage acct. (taxable acct.), but it has little use over many years. This taxable brokerage acct. is what we will use when the big LOTTO win happens. :)
Small summary: A stand-alone brokerage is NOT mandatory to have a full functioning IRA account for all buy/sell with Fido; as noted in the example.
FIDO, HONO. I would expect a full knowledge team in place at this office. Make a list of questions and be patient, eh?
FIDO house overview This page has several "blue" tabs for selecting a Fido funds investment area....click a few for a view of offerings.
Lastly, over the many years here; you have seen many ticker symbols. With a few exceptions, you'd likely be able to buy any one of those via your IRA account.
MFO folks........please revise, as needed; any info I have provided here. TY.
Time to go exploring, eh?
Catch

I have a large(for me) position in JHQEX and am overall happy with it. Logan Kane in Seeking Alpha and https://www.optimizedportfolio.com/ have good write-ups on SPD. I did dabble in one of the buffered(15%) ETF's but sold out of it because I'm not really convinced that they work.

Down another 5.7% today to $71.52.

Much more information on PFIX is available from it's creator, Harvery Bassman, whose commentaries and musings on interest rates, money creation and the economy are really worth reading in detail.
https://www.convexitymaven.com/
He has a very entertaining and very wise blog. While the math and options talk is heavy, I think he is brilliant and clearly knows what he is talking about.
He recently joined Simplify Asset Management to mange ETFs designed to do things for individual investors that are hard to do otherwise ( Puts, call, swaps, convexity strategies etc)
Unlike a lot of public bears I think Bassman knows what he is talking about and backs it up with math and data
He explains the rational for PFIX in his May 2021 commentary "Helicopter Defense"
https://www.convexitymaven.com/wp-content/uploads/2021/05/Convexity_Maven_-_The_Helicopter_Defense.pdf
and likens it to fire insurance. It is basically a swap on interest rate futures that will soar ( will quadruple ) if rates hit 4% by 2024 or so. Backed by T bills as collateral, it can loose no more than 50%
He recommends using a chunk to prevent your bond funds from taking you to the cleaners, or to protect yourself against other disastrous outcome in store in if inflation takes off and you have an adjustable rate mortgage for example.
He has tables that provide examples of how much to invest etc.