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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
@msf, Thanks. +1 on your brokerage comparative analysis.
"[W]hile the interfaces for scheduling one-time withdrawals and one-time investments as a little different, the effect is the same. Perfectly symmetric, no bias toward gathering, or disbur…
@BaluBalu, I don't know of ANY firm that does that.
Some may allow scheduling one-time purchase on a later date beyond the common automatic investment plans (AIPs), but that is not triggered by prices.
I suspected as much. Interesting that they w…
A bit off topic -
Are there any brokerages that would accept limit orders for a fixed number of OEF shares that would trigger based on prior day's NAV? I would think it should be fairly easy for brokerages to offer this feature, especially if I …
Excellent research @msf, as usual. My only add is Vanguard’s lower each way TF is not as good for me because I tend to sell in several tranches and would prefer no TF on sales. Interestingly, on a recent partial sale of one of my TF fund, Vanguard…
Thanks. I hope this thread can discuss investable funds in the subject space.
As an aside, I took your chart back to 10 years. XLE total return was only 20% while ICLN had nearly 10 times as much. Seems like investors have been working out the t…
I think an active equity OEF should be judged only by its total return. Asking the manager to focus too much on tax efficiency is tying one of their hands behind their back. I would rather the manager reduces losses (e.g., better downside capture)…
A bit of off topic but there is usefulness to ETFs’ discount / premia information. For example, I am more inclined to buy an ETF (usually, at a discount) than the equivalent OEF in a cratering market. Excessive premia is another data point in my s…
OAKMX, their main US fund and also their flagship fund, underperformed value ETFs, especially some passive ETFs. When investment managers use hyperbole to make their point, it gives a feel of entertainment and lessens the impact of the point for me…
@Derf, Not sure if the following is what you are asking -
If the fund prospectus provides for exchanges between classes (i.e., conversion), then one can exchange (convert) tax free, and the prospectus would say it. These conversions are pretty r…
Not sure why Vanguard did not split up tax-free the retail TDF to isolate employer plans from retail clients and then merge the employer part with the institutional TDF. Vanguard does strange things that are not good for its business.
I get that you guys are trying to be intellectually precise but how does one use that information? 15 seconds is real time enough for NAV for me. I make so many poor choices in a day that have nothing to do with stale data, I am not sure having mo…
VIX was down 4.33% and closed at 18.76 today. It did not close below that level in December in the first 21 calendar days. And in 2022, it has not closed at 20 or above. Somehow the stock and bond market feels worse for everybody in 2022 than in…
I am still trying to get acquainted with MFO. I received a notification, which is not for a personal message or for activity related to any thread I have bookmarked or started. I could not figure out what this notification relates. After some con…
I'm a Cathie Wood fan. You need out of the box conviction if you really want to outperform. I remember watching her on CNBC a few years ago where she explained her TESLA thesis while many others were talking about eventual liquidation or acquisiti…
M* charts show that MSEGX (Morgan Stanley Inst Growth fund) is down nearly 30% but stock charts show it is down 25% from its recent high on November 16. Either way, it is in a bear market. I think there are other MS funds that are more aggressive…
XLE was down barely, only 0.02%, which means a bunch of its constituents would be positive and they are. Probably same with XLU, XLP, & XLB - all down less than 0.10. For a tough day in equities, VIX rose only 2.82 and closed < 20.
I always thought you guys were harsh on her but anybody that uses their faith / religion, however remotely it may be, to peddle their game has to be the biggest con in the world. I am not saying she is a con artist but that is what con artists do a…
@baseball_fan, pretty clean portfolio you got there. Do you mind sharing what percentage of total wealth (primary residence not included) is invested in the four mutual funds?
I was surprised to find out that Vanguard participates in while Fidelity and Merrill do not participate in payment for order flows. Does Vanguard make any exception for its own ETFs?
@bilvihur, I understand your frustration. Some of the TRP funds are best in their class but their brokerage service is sub par. I would use them for what they are good at and make money, and not try to make them fit to what I would like them to be…
@90% fixed income, I would treat COTZX as a bond fund. As long as it is positioned to perform better than the worse bond fund in your portfolio, it is a keeper. If one has low expectations of any bond fund in the current environment and as such…
@90% fixed income, I would treat COTZX as a bond fund. As long as it is positioned to perform better than the worse bond fund in your portfolio, it is a keeper. If one has low expectations of any bond fund in the current environment and as such…
Thanks @fundly. I saw that but wanted to see if I should be more surgical. As the fund website says, "Choose the fund that aligns with your initial investment date," the three funds are supposed to hold the same securities and should differ only b…
@msf, I was trying to decide which one of this series to buy: Series 2 or 3. Series 1 is closed to new investors. The fund landing page at the bottom says, "if you want an optimal investment experience, select the fund based on when you are ready…
Excellent reply @msf. Thanks.
The only fund of funds I ever considered buying was CTFAX (but did not buy). During my review, I called the fund and asked among other things about duplication of management fees and the rep who I spoke with said NON…
Un-Intuitively, the fund did not lose until March 23, 2020 when both monetary and fiscal stimulus was announced. It lost about 1% TR Which it did not recover from until sometime in May 2020 - it was down for 2 months.
At inception, each manager in…
@msf, Fund of funds like CTFAX use funds from their own family and as such no duplication of fees. I have never studied fees calcs for funds that acquire external funds. Also, while every fund that waives fees mentions about potential claw backs…
@rsorden, if you do not mind sharing, why did you liquidate your holdings in this fund? How many quarters did it take you to get out completely?
The fund holds nearly 9% in money market funds, which is a drag on its performance and investors are p…
The immediate consequences of switching index provider is that VIGI distributed 6.5% cap gains. Luckily, the switch did not result in VIG needing to trigger any cap gains or it had sufficient prior cap losses to soak up any cap gains triggered fro…
