Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Statement of additional information. Usually an addendum to a prospectus or report.
That would make the fund's name Fidelity Statement of Additional Information U.S. Quality Index. Well. Maybe . . .
@BaluBalu. I didn't know it was restricted like …
@Baseball_Fan @JD_co Inimitable fund. Profiled it here in Feb. 2019. Have a personal friendship with Ms. Hoffman and communicate with her often (latest yesterday.) Here's her Letter to Clients December 2013 https://www.marshfieldinc.com/wp-content/u…
The Funds will continue to honor redemption requests, including those made under the Automatic Withdrawal Plan.
Well. That's downright reassuring, ain't it?
Rearranged some deck chairs in the IRA. I had been at about 30% bonds/cash, with any long duration bonds residing in the balanced funds.
I cut USFR in half. The remaining amount would be about one year of an RMD if I had to take it this year, rathe…
By December 5, 2022 investors were used to getting slapped around by the usual suspects.
After the 2023 Santa rally, no one wants to be reminded that any "plain-vanilla," bond funds were staring at three losing years in a row.
Methinks the editor…
Read that this morning. Wanted to look at it again, since I remembered there were some bond funds in the list, one of which was a Vanguard corporate IIRC.
The link is not working. And you won't find a link on M* Amy's page.
I'm glad you posted it @Old_Joe. I've been following the news from there. It's hard to imagine what's going on there will not spill over in some way to economies around the world.
@davfor, yes, I can think of all those reasons why people might wish for cuts. How many of them have anything to do with the Fed's legal mandate?
The Federal Reserve System has been given a dual mandate—pursuing the economic goals of maximum empl…
@davfor, yes, I can think of all those reasons why people might wish for cuts. How many of them have anything to do with the Fed's legal mandate?
It has been my hunch through all of this that Powell has no desire to be remembered in the same breat…
Hard to see why the Fed would cut rates if the economy continues to perk along. If they're cutting rates methinks it would be because of a nasty landing.
Long article that confirms my bias opinion at the link. ;)
BTW, Prior to June 24, 2019, the fund tracked a Russell pure growth index (perhaps the opposite of GARP in growth context) under a different name and ticker (PXLG).
Neither M*, nor Lipper, make a distinction on historical returns, as far as I can te…
Can't swing a cat in The Valley of the Sun without hitting a Waymo. I've seen as many as three at a time early in the morning.
This has always seemed like a solution in search of a problem. When the kids take my keys away I'm not going to waste mon…
@yogibearbull, Yogi Berra must have had something to say about investors that don't pay attention to the price they're paying.
Selling options against entire cap-weighted indexes is a bridge too far for me.
@Devo. Thank you for the explanation. In…
The debate is one of simplicity and utility. Bonds receive income from an underlying asset. Options do not. With covered funds, buffered funds, and so many others of the ilk, the idea is always "let me create a better mouse trap". Its important for …
+1
Marks is a big contrarian. The point of the story I recounted wasn’t necessarily that Marks is a big fan of bonds. His point is simply that herd-following (both for individuals and at institutions) is a huge factor affecting market valuations. …
My IRA is off .24 YTD. If it was all in one or two funds I might be concerned. But enough funds are doing well so that I wouldn't feel awful taking an RMD if I had to.
I compare some of them with allocation funds rather than equity funds. One can see this with MFO QuickSearch.
For example, try JEPI and DIVO versus VWELX, PRWCX, and FBALX.
M* John says: Investors who seek upfront cash would be better off purcha…
If you get dividends on a mutual fund more often than yearly, it might work for you to reinvest the dividends and realize the cap gains, and sock those away for things like roofs, cars, heat pumps.
YMMV.
Could have posted this in the bucket thread…
My intent here was to inform.
And I sincerely believe that most here understood your comments to begin with, or were educated by your efforts.
At the time I wrote the post I was remembering my last interaction with my college advisor.
"You're no…
You ain't the only one. Now I'm embarrassed by my simplistic earlier post.
All in good fun. No reason I can't have a little fun knowing what I don't know.
The effect on duration is also different (higher coupon = shorter duration).
We can try this another way, using the Socratic method.
1. Suppose you buy a bond at $102 with a 5% coupon. Do you have enough information to calculate current yield?…
In the IRA I might rebalance some from USFR to VRIG. Thinking about what to do with a CD coming due at the end of the month. Looking at FHYS and FLBL. So keeping it ultrashort.
Anything longer is whatever is going on at DSEEX, VWELX, VWINX, FBALX,…
Taking dividends is a lot easier than figuring out total return. The money just shows up if you aren't reinvesting. No doubt there's lots of academic arguments over this.
Temptation seems to me to be better distributed than money.
While some athletes may have the means to explore more expensive temptations, I doubt that makes them any more susceptible than other people with money to burn.
One thing I have noticed…
When wife and I were childless, we covered thousands of miles of North America in Honda Civic hatchbacks with 4WD.
After we had children we covered a few more thousand miles in a 4wd Subaru that the state of California eventually gave us money to t…
Thanks @catch22. That's out of my league, but the info should be useful to others reading along.
By the way, the artist is Jo Mora. I wasn't aware that he was also a sculptor. I think he gives Russel and Remington a run for their money.
