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2022 - When Stock-Bond Allocations Failed to Protect
The yearend data are in. It was a terrible year for both stocks (the worst since 2008 GFC) and bonds (the worst ever), and so for the 60-40 hybrids (the worst since 1937; #3 worst since the 1928 …
@carew388, CEFConnect Screener shows that 51 out of 447 CEFs are unleveraged. So, most are leveraged. Bond CEFs are more highly leveraged than equity/hybrid CEFs.
https://www.cefconnect.com/
@sma3, note that @Sven was talking about both VWINX and VWELX. Only VWELX has modified its equity orientation from value to blend/growth. I haven't heard any such recent thing for VWINX (of course, it has changed gradually over the years).
TIAA Traditional Rates, January 1, 2023
Restricted RC 6.50%, RA 6.25%
Flexible RCP 5.75%, SRA 5.50%, Newer IRAs 3.65%
https://ybbpersonalfinance.proboards.com/thread/142/tiaa-traditional-rates-monthly?page=2&scrollTo=880
TSP G Fund hasn't updat…
I still like VWINX/ VWIAX as a plain vanilla mix of div-stocks + inv-grade (mostly corporates). It is offered at ER of 23/16 bps only.
But I have shifted quite a bit into VG multi-asset VPGDX (similar to Fido FMSDX; allocation comparable to VWELX/ …
While tech/XLK is #3 from the last, look at what is now hidden in consumer-discretionary/XLY (33.67% in AMZN, TSLA) and communications-telecom/XLC (42.41% in META, GOOGL/GOOG, NFLX) ?
So, ALL of the original FANG are now not even in the tech.
Inve…
Fund Allocations (Cumulative), 11/30/22
There were notable increases in the allocations to stock funds, and declines in those for bond and m-mkt funds. The changes for OEFs + ETFs were based on a total AUM of about $28.17 trillion in the previous m…
Secure 2.0 (2022) has important changes for 529s.
Excess funds from 529s can go to Roth IRAs of the beneficiary (2024- ). Taxes and penalties won't apply to these rollovers. Several limitations apply: 529 must be 15+ years old; only the money contr…
Elon Musk (EM) "premium" has turned into a EM "discount". His Twitter actions/antics are frustrating even his fans. I thought of posting such on Twitter, but I doubt that it will stay - so much for EM "free" speech.
June 2022 was the turning point for inflation indexes (CPI, PCE, etc). Their levels are still high and who knows when the Fed will be satisfied? It keeps harping on +2% average inflation but that may be a mirage.
https://fred.stlouisfed.org/graph/?g…
This is Ireland's national State/savings bond program. See Table 1 under each category. So, 10% for 10 years means euro 1,000 principal bond will mature to euro 1,100. TR is cumulative (typical default), not annualized. There is some bonus too, but …
Depending on the setting, free PV data can be to the year-end (default) or month-end. Paid version has data to the last day.
M* has tabs for Daily, Monthly, Quarterly.
Free StochCharts can provide charts to the last day (default) or week.
Happy holidays!
My arithmetic shows 27/3 = 9. That seems a LOT!! (-:)
Will it be like attending a big conference/convention where one hops in and out of sessions?
As many SC ETFs have growth tilt, this ETFdb list includes names that don't have "growth" in their names.
But one thing to keep in mind is that R2000 and R2000 Growth (IWO) aren't selective indexes, so they include lots of garbage - SCs that don't …
I found this on LTCI premiums from tax-deferred plans from KPMG summary. However, meaning of "high-quality" LTC plan isn't clear, so we have to wait for clarification.
Section 334, Long-term care contracts purchased with retirement plan distributio…
There is a related filing for SEC exemption that has more details but no clear indication of how the liquidation will proceed. It notes that, "The aggregate net asset value of the Fund has fallen from approximately $24 million on December 31, 2021 t…
Minerd had a forceful personality and clear opinions. He was in the media often.
In 2017, when Invesco/IVZ bought Guggenheim's ETFs, I read that Guggenheim also wanted to sell its mutual funds. But Invesco politely said at the time that it already …
This looks like a self-standing VG ETF. There is no existing VG ST muni index fund and this filing doesn't indicate any related OEF (I don't know if there another new filing for VG ST muni index).
After all, VG's unique patent on its ETF class of …
This is interesting. If more fund companies create (or change to) ultra-ST muni, M* may have to introduce a new category. Right now, M* has only ST muni with < 4.0 duration.
M* does have taxable ultra-ST (duration < 1.0) and ST (duration 1.0-…
Strange lawsuit on behalf of individual game-players.
Of course, there is the lawsuit by the FTC. MSFT is hoping to make deals with other game-makers (Sony, etc) and convince the FTC and/or the court to clear the merger.
Almost 20% discount in AT…
The mentioned switches won't cause wash sales. Even the asset classes are different.
I am not suggesting the following, but somewhat similar switches could be:
A switch from VASIX to VTINX.
As MAPIX has become more growthy now under a newer manager…
It was a good article overall.
A couple of more points:
Beware of the trap that Medicare MAGI = AGI + muni interest. MAGI has many definitions, but the one that matters here is the one used by Medicare. A web search can only confuse.
Even at the …
If we compare SP500/SPY to equal-weight SP500/RSP, then RSP has outperformed SPY. It is probably value/cyclicals outperforming growth, and TSLA had been a noise.
https://stockcharts.com/h-perf/ui?s=SPY&compare=RSP,TSLA&id=p64563854176
The best sector has been energy (XLE) and the worst communications (XLC; with 3 of the 4 original FANG stocks, META, GOOG/GOOGL, NFLX). This can be broadly generalized to value/cyclicals outperforming growth, or DJIA outperforming Nasdaq Comp with S…
Rules for claw-backs under bankruptcy are complicated. It depends on intent, purpose and parties involved. Although 2 years is often mentioned in the media, the range be 90 days to multiple years.
Penny stocks used to under $1, but now under $5. One consequence of very low prices is that margin may not be available, institutions ignore those and delisting danger is high.
FLPSX is now mid-cap (MC), not even small-cap (SC). About 35% is non-US…
LEXCX is a bad example/ideal. It charges 0.51% (about $4 million/yr) to do absolutely nothing for an almost forever-static portfolio of 19 holdings. It's unbelievable that this has been going on since 1935 and the fund still has AUM of $794.2 millio…
Hummus is a popular Middle Eastern side dish that is made from chickpeas/garbanzo-beans. It is basically bland but can be spiced up. One can eat it with pita-bread, pita-chips, or other chips.
https://en.m.wikipedia.org/wiki/Hummus
In the MFO list of fund CGs (by @TheShadow), est for MAPOX as of 11/10/22 was in 4.93% - 5.50% range. It came out at 5.44%.
https://www.mutualfundobserver.com/discuss/discussion/60074/2022-year-end-capital-gains-distribution-estimates-vanguard-s-fi…
If your taxable income after deductions was $0, and there were no other capital gains or losses, then $1,000 tax-loss will offset fully taxable $1,000 withdrawal from T-IRA.
But if you had ordinary income from all sources, net of deductions, of $50…
Billionaires do whatever they feel like (and think later) because they have an army of lawyers on retainer and have money to burn. Most of us just follow the law to stay out of trouble.
Unless Griffin can prove deliberate intent on the part of gove…
@sma3, it does take some time to initially enter portfolios; .csv files can also be used. But then, updating transactions manually is simpler.
I imported all M* Portfolios into Stock Rover (SR). It is a bit tricky, but I have described details/ste…
Direct link to M* article that also shows that allocation/balance works best vs all stocks or bonds,
https://www.morningstar.com/articles/1128840/whats-a-safe-withdrawal-rate-today
Info that @Observant1 provided from Fido is similar to what I have seen at other places too. Please read it carefully. Banks/brokers say that if you share your login with ANYONE, they are no longer responsible. I assume that ANYONE to mean relatives…
Watch Silvergate/SI, one of the crypto banks. Its deposits are covered by the FDIC. Crypto loans are small but significant part of its business. It also has SEN-network that provides an interface or link between crypto accounts and regular bank acco…
