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@MikeW, for LSLTX (seems the only class) Fido shows AUM range of $9.50 (2020) - $19.86 (2017) million for 2014-23; now $11.89 million.
https://fundresearch.fidelity.com/mutual-funds/view-all/527289201?type=sq-NavBar
How about 2,844 ETFs in 2022?
The total US market (W5000) has only 3,480 stocks now.
https://assets-global.website-files.com/60f8038183eb84c40e8c14e9/6462aa70ae7c2a11c83779e6_FT_Wilshire5000_IndexSeries_May2023.pdf
@catch22, 1035 exchanges are for personal annuities.
Workplace tax-deferred annuities (401k/403b/457b) can be rolled over into T-IRA - in-service cash rollovers if allowed by plans, and cash rollovers on retirement/resignation/termination from job…
403b for educational and nonprofit institutions originated much earlier and had simpler rules.
401k for corporations came later and accidently. Their rules are more complex and features more restrictive. The fear was that companies with lots of res…
It depends.
Annuities are complex because they are insurance CONTRACTS and come with thick prospectuses. But don't let that fool you.
Some low-cost accumulating annuities have all-in ERs that are less than those of typical mutual funds.
Several c…
Watch $25 for TCAF. That was the initial price and it may be supported for a while by the dealers/market-makers. Click 5-day on the Yahoo chart. Break to 24.98 so far doesn't count.
https://finance.yahoo.com/quote/TCAF?p=TCAF&.tsrc=fin-srch
Follow M* intrigues at:
For those with M* access, https://community.morningstar.com/s/question/0D53o00006ce0GGCAY/m-updates-2023
For those without M* access, https://ybbpersonalfinance.proboards.com/thread/460/updates-2023
In my quick search with M* Investor Screener yesterday, I missed some usual hybrid favorites because:
1. M* has (again) changed allocation/balanced categories to descriptors: Conservative, Moderate-Conservative, Moderate, Moderate-Aggressive, Aggre…
M* Investor Screener provides (BTW, old screener is gone) these among Gold/Silver rated:
Moderate-Allocation BLPFX, RPBAX, VBINX / VBIAX, VSMGX
Moderate-Conservative-Allocation INPFX, FMSDX, TRRIX, VSCGX
I am surprised that some usual names are …
@Derf, if you buy CDs in the secondary market (not suggested for illiquidity, except for bargain hunting), you will have the same issue with the accrued interest.
BRK is in several S&P indexes.
But it's only in the MSCI USA Financial Index, not in the MSCI USA Index. QUAL just selects from the latter. I tried to find why BRK isn't there, but couldn't find a reason as the broader index does have financial…
@Crash, were you signed in at M* Home? That signup is different from M* Discussions, although both may have the same login info.
M* Discussions https://community.morningstar.com/s/
From M* Home
M* Portfolio (Old) https://www.morningstar.com/port…
M* Bill Baranyk confirmed on this thread (login required) that M* portfolio will be around for 2023.
https://community.morningstar.com/s/question/0D53o00006SL6RiCAL/m-discussions-forum-links
Some stocks that are really blend may be in both growth and value indexes/benchmarks with different weights. That is why the sum of stocks in R1000-growth and R1000-value far exceeds that in R1000 (about 1,000). So, some overlap in holdings is OK.
Performance is less stable than SD, so both Sharpe and Sortino Ratios are also less stable. In fact, optimizing them may just lead to performance-chasing.
@Tarwheel, in my margin accounts (Fido, Schwab), I would be able to enter sell for TRPBX (T+1), and then right away buy TCAF (T+2) and enter buy for FADMX (T+1) without any margin interest. Some other variations may dock me with 1 day margin interes…
@WABAC, from the general description, it seems to be that your wife had an OLDER, dedicated TIAA plan (with TIAA handling all aspects) that was CONVERTED to a NEWER, more flexible TIAA plan that has TIAA only as its recordkeeper. In the flexible pla…
It's a sign of times.
Giroux is hot and T Rowe Price has put gates around him by keeping PRWCX closed to most investors. As you know, anything gated is prized now - you put gates and crowd will come looking in.
In the BB thread on how to beat PRW…
M* has Categories and Styles.
M* puts funds in Categories (on Quote pages) by taking into account the fund objectives and its own assessments. So, sometimes that may differ from what the firms may say, especially when they give wide latitudes to f…
@Devo, being contrarian, sentiment is too bullish near the market tops, too bearish near the market bottoms.
I personally don't sell much when sentiment is negative.
Attempts for sentiment-based trading haven't worked. The so-called Bull-Bear In…
My personal observation of posts at this and other forums is that the forum moods correlate well with the AAII Sentiment Survey (posted weekly here), but not so much with institutional or professional sentiment surveys.
The AAII Sentiment has impro…
But PRWCX has been closed for years. This is why there is interest in the new ETF TCAF (see a nearby thread). It is 100% equity but is managed by Giroux (who also manages PRWCX).
Of course, once TCAF has some record, its proper comparison would be …
In all-weather fund lists, I like to see some familiar names of funds that have been around for several market cycles. The screen of up 2022 & 2023YTD found several unfamiliar funds.
There are now several favorable comments on 60-40 including in this week's Barron's (Joyce Chang, JPM). 2022 was a horrible year for bonds and hybrids (also for stocks, but nothing historic). It should be better/good going forward.
Once I had Schwab app (Android) issues and I called Schwab. It recommended updating the app via Google Play and then everything worked fine. It seems that apps don't auto-update. I had similar issue with a bank app recently.
Google Play will show …
I am not in a fully-invested 100% equity camp. In retirement, my tactical asset allocation (TAA) is 40-60% equity, and due to my buys in 2022, it became higher than that. So, I am in profit-taking mode now to adjust my TAA.
My short-term fixed-inc…
The fund flows should be looked at in the context of the US IPO levels. In a bad year, there were 62 IPOs (2008), in a good year 1,035 (2021) IPOs. These were the numbers of IPOs, and I will later find the $amounts of IPOs.
So, $150 billion will ha…
On Yahoo Quote page for USAGX, just click Max (don't go in Charts) and you will see the prices mentioned by @WABAC. I thought that there may be a split somewhere but not.
https://finance.yahoo.com/quote/USAGX?p=USAGX&.tsrc=fin-srch
Both NYSE and Yahoo are reporting day volume as 190,276. So, the activity picked up near or at close.
T Rowe Price is reporting 500,000 shares outstanding. So, there must have been private placement(s) or lots of shares in dealers'/market-makers' h…
There are 2 categories, FR-inv-grade (Treasury FRNs, others), FR/BL-junk.
I think that the discussion on this thread is related to FR/BL-junk and its nature, depending on the rates, is that it shows low SDs for a while, and then unexpectedly, the S…
That is a typical creation/redemption mechanism for ETFs (affecting the AUM). Once the introduction hoopla is out of the way, most of the trading will be just among the retail customers (not affecting the AUM), as is typical for other ETFs.
As TCAF…
Not really. I use to ETFs for my hunches that, if not wrong, are often too early or too late.
BTW, GGN and GNT are active CEFs but haven't shined in golds or oil.
So, if I lose money, I want to lose it my way.
I follow gold-bullion (GLD, IAU, SGOL, etc) & gold-mining (GDX, GDXJ, etc) ETFs. The latter are 2x-3x more volatile than the former, & are more correlated with the stock market - but sometimes, they just go down-down (-:).
Some gold-miners …
anybody know inception NAV price?
You will know in less than 10 min (-:).
I have only added it to my Yahoo watchlist. That is why I knew the moment yesterday when its ticker could be recognized by Yahoo. I may add it during the next selloff.
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