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Schwab 1000 Fund SNXFX $129.11. So, after 10 for 1 split, price will be around $13. Still looks like busy work for mutual funds.
Schwab 1000 ETF SCHK $29 won't be affected.
There are better SC indexes - more selective IJR, SPSM & earnings-weighted EES.
IWM is OK for benchmarking. Many funds use it because it may be easier to beat.
There is double-talk by China.
It says that there are no new export restrictions for rare-earths/magnets, but licensing is required and that has been a slow process and hugely backlogged.
SSA site alert https://www.ssa.gov/scam/?oig-redirect
If I get any email, text or letter from my financial sites, I first log in and check.
Lately, I am not even clicking on email links from my card companies that they have sent for years to signu…
TestFol now has limited Safe Withdrawal Rate (SWR) & Perpetual Withdrawal Rate (PWR) runs. Problem with terminal values remain - those are also adjusted for inflation & nominal values aren't provided..
https://ybbpersonalfinance.proboards.co…
@rforno, thanks for Archive Today source.
https://archive.ph/
I am familiar with Internet Archives and WayBack Machine, but those are not as current.
https://archive.org/
https://web.archive.org/
Article requires subscription and I couldn't find an open alternative.
I have done withdrawals from my TIAA 403b and Fidelity 403b. Note that for most part, nonprofit 403b are similar to company 401k.
My TIAA 403b allows online withdrawal and I ca…
SSGA website links for ALLW prospectus don't work for me. So, I found those from Edgar/SEC.
Summary Prospectus https://www.sec.gov/Archives/edgar/data/1516212/000119312525045861/d872457d497k.htm
Prospectus https://www.sec.gov/ix?doc=/Archives/edgar/…
Many other sites also had reported possible changes in SP500 on 6/6/25, 5:15 PM ET. I was watching too. But S&P Announcement website went down/crashed. Some blamed the overload on the crypto crowd as Robinhood/HOOD was a potential candidate (a h…
Posters here don't need the reminder that sentiment indicators are contrarian.
I used to mention it in 2021-2022, but then skipped it.
But as these posts now are also at Facebook, X/Twitter, Bluesky, LinkedIn, I restored this caution in March 20…
People all over the world are watching this bold strategy with drones - ship parts, use local helpers to assemble, transport & execute. It may be repeatable elsewhere too.
Magnets get lumped with rare-earths category. There are news reports of potential slowdowns in auto production in the US, Germany and India due to Chinese export restrictions on magnets.
This problem may be more immediate than that for some esoteri…
Unicorns are global phenomena. So, don't overlook Asian unicorns. When economic growth is high, as in Asia, unicorns also grow like weeds.
Unicorn by countries:
US 656, China 168, India 71, UK 53, Germany 30.....
From the link, I counted 160 for …
WisdomTree/WT earnings-weighted ETFs do use several screening criteria to narrow the list - market-cap (to separate LC, MC, SC), profitability, etc, but in the last weighting step, it applies earnings-weights using 4 quarters of earnings data and do…
Some observations after going through MFO, June 1, 2025.
@David_Snowball: My TIAA 403b does include some non-TIAA funds, but the only Pimco fund available is PIMIX. When my plan changed about 4 years ago, some options were frozen - so, I could keep…
I was surprised by the data - current international exposure only 12%, recommendation 15-20%.
Now look at international exposures (stocks and bonds) in some allocation funds/models & TDFs.
Morningstar Allocation Models https://mp.morningstar.c…
LinkedIn has changed a lot. It's way beyond a job site although that is a tab within it now. Discussions there are quite wide ranging but there is less noise because people are posting under their real identities. What I like most is that links are …
LBJ was so mad at Fed Chair Martin that people at the ranch reported the Big Guy pushing & shoving the Little Guy. Little Guy was a bit shaken, but not stirred - he held the line on rates.
The most contrasting Fed Chairs may be Burns and Volcke…
Within the US market, SP500 is in the middle of M* Value - Growth scale. Inflows are from indexing being popular. Traders & foreigners also find it easy to buy SPY / IVV/ VOO for US exposure.
https://www.morningstar.com/etfs/arcx/spy/portfolio
US Constitution 1.8.2 provides the power to issue debt to Congress. That literally meant that each Treasury debt issuance had to go through Congress. That was OK early on, but to simplify matters later, Congress DELEGATED the power to issue debt to …
DIVO has a different covered-call strategy. It has a concentrated equity portfolio and writes calls only on a handful of holdings. JEPI on the other hand uses SP500 index for call-writing.
DIVO has a slightly higher volatility (Relative SD 0.6861) …
Barron's article simply mentioned that "...JEPI has about two-thirds the volatility of the market...", but didn't offer any explanation.
True, the equity portfolio of JEPI has more conservative, dividend-paying stocks. And Morningstar shows 86.49% …
I took another look at JEPI. While it hasn't been exposed to a bear market, 2022 and 2025YTD have been tough years. JEPI is consistently superior to OEF GATEX (that also uses protective puts) and equivalent allocation 65%SPY + 35%BND; note that Rela…
All classes of funds (including the etf class) will have similar CG distributions. This surprised some when several Vanguard ETFs had CG distributions when comparable stand-alone ETFs didn't.
So, some advantages of the etf structure may be compromi…
That's early access (1-2 days) to direct deposits by your bank or credit union. Not all banks do this. For SSA payments, my wife has gotten them early for several months (on Mondays instead of Wednesdays).
My bank doesn't do this. So, I "inquired" …
My understanding is that Watchlist now is a feature within Morningstar Portfolio (Legacy or New) that is a subscription product.
If you have alternate access to M* Portfolio via Rowe Price, etc, that's fine. But if not, you would lose access if yo…
This info in OP link is false:
"Starting this May, the Social Security Administration (SSA) is updating its payment schedule, and millions of Americans are going to notice the difference..."
There is no change by SSA - the schedule is similar for …
It's clear that info in the OP link isn't correct. SSA website publishes SSA payment calendar on the 1st of the prior year, and there hasn't been any changes to that (2024, 2025, 2026 calendars).
https://www.ssa.gov/pubs/calendar.htm
Then, I search…
@JPtak (MFO) is Morningstar Managing Director of Research. He posts at Morningstar (see link below), LinkedIn, X/Twitter, Substack, etc.
https://www.morningstar.com/people/jeffrey-ptak
TRs use geometric-average of annual returns, so it's easy to incorporate annual CPIs, and applying an overall inflation factor to overall TR would also work.
Additions/withdrawals will make it more complicated.
Prospectuses report the max ERs.
Websites and quarterly reports may report actual ERs that may be slightly lower. These may also show any fee waivers.
Morningstar does its own thing as it isn't regulated as funds are. In its current reporting, M* …
"On Monday, Moody’s Ratings announced a downgrade in the long-term ratings for several major U.S. banks, including JPMorgan Chase & Co, Bank of America"
News from Thailand https://www.kaohooninternational.com/markets/558008
https://www.tradingv…
TestFol is a good alternative for PV.
Additional benefits of TestFol are use of daily returns (vs monthly for PV, M*, etc), no run time limits and rolling metrics. TestFol SD values are higher due to daily data.
TestFol can be more useful for newe…
