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https://investopedia.com/terms/s/spac.aspA special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as "blank check companies," SPACs have been around for decades. In recent years, they've gone mainstream, attracting big-name underwriters and investors and raising a record amount of IPO money in 2019. In 2020, more than 50 SPACs have been formed in the U.S., as of the beginning of August, raising some $21.5 billion.
Nothing new. The bull market started in 03/2009 months ahead before the recovery.it's a miracle
Interesting articleSome slightly contrarian contextual takes here, of high-level interest perhaps:
https://humbledollar.com/2020/10/follow-the-fed/
Both of these funds are run by the same team, and seem to have done great. I note that the low vol fund (SVARX) holds AlphaCentric Income and Braddock Multi-Strategy Income Instl (35% weight combined), both funds were covid disasters. My guess is that mngt swooped in after they cratered. Anyway, I was impressed enough in SVARX to take a flyer. http://thespectrumfunds.com/LowVolatility.cshtml#close SFHYX is a separate fund group with a philanthropy angle, but its run by the spectrum team. We'll see.huh?
https://www.morningstar.com/funds/xnas/svarx/portfolio
https://www.morningstar.com/funds/xnas/sfhyx/portfolio
5* with huge fees
all righty then
(have not checked mfop)
I have an inherited Roth that requires me to take unwanted distributions. The only reason why I don't want those distributions is that after sticking the money into a taxable account all the future earnings are taxable. Aside from moving money out of a tax-sheltered account, I don't see anything unwanted about Roth distributions.Out of tax considerations I also decided to take a modest 2020 distribution from the Traditional side, even though that was not required in 2020. Didn’t need the money. So it went into Price’s PRIHX - a “limited term“ HY muni fund that I think is probably a better fund than M* and the others currently rate it. ... As to the tax considerations, I’d rather write the IRS a check next April 15 than have to wait in line for a tax refund. Building up the non-IRA assets may prevent having to take an unwanted withdrawal from the Roth someday
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