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.
Good that the regulators caught up with Capital One/COF. I posted about this problem a while ago.
https://www.mutualfundobserver.com/discuss/discussion/comment/159297/#Comment_159297
Barron's doesn't think that it would hurt COF & DFS merger.
h…
Firms have different screens for RMDs and regular withdrawals. There are more options available for regular withdrawals.
So, I just subscribe to firms' RMD calculation services, if available, but don't rely on them for any distributions. I just use…
@dtconroe, do you have Medicare or Medicare Advantage? Once you start Medicare, you cannot contribute to hsa, But you can continue to draw from hsa.
My question was misdirected to @dtconroe. It should have been to @bee.
Great chart at the end. It fits with the TR equation:
%TR = %Dividend_yield + %Earnings_growth + %Change_in_P/E.
So, if the starting P/E is high, the 3rd term will likely have a negative contribution.
I searched for DMX and didn't find any announcements or mentions at MFO or BB. It seems to me that a new active etf from a well-known provider is a notable event.
DMX - website info https://doubleline.com/funds/multi-sector-income-etf/
DMX Prospectu…
Institutional TRAIX (ER 0.59%) should be compared to Institutional ITRIX (ER 0.64%). M* shows T/A for both , meaning institutional funds with qualified access. They are out for retail IRAs.
Good points by @msf.
ITRAX / ITRIX looks like a clone - T Rowe Price is listed as a subadvisor. Giroux keeps holdings almost same as PRWCX, but there may be tiny variations. It's part of "Voya Investor Trust" that has several externally subadvised …
DOGE clips itself as reality sets in - talk was cheap.
https://www.cnbc.com/2025/01/09/elon-musk-says-doge-probably-wont-find-2-trillion-in-federal-budget-cuts.html
PRWCX classes are PACLX, TRAIX.
Voya offers PRWCX or its classes under its own wrappers/tickers ITRAX, ITRIX, etc (5 classes) so that it can set its own (higher) ERs - most for Voya 401k/403b. Another name for such funds may be feeder funds.
Teddy Roosevelt said, "Speak softly and carry a big stick" & his actions were very manipulative in Lat Am.
The opposite may be talking it out loud?
https://en.wikipedia.org/wiki/Big_stick_ideology
Looks like a missed reporting for PRWCX, so yesterday's stale price is shown by quote services - even by T Row Price website. Looking at TCAF and PRCFX today, PRWCX cannot be 0%.
https://finance.yahoo.com/quotes/TCAF,PRWCX,PRCFX/
Car oils are dual-rated 10W30 (thick or heavy), 5W20, 0W20 (thin), etc. The 1st number is the Winter rating, the 2nd the Summer rating.
The car oil blending is a compromise - even the natural car oils are blends. Pure natural oils tend to have sin…
Some companies do allow in-service rollovers from 401k to IRAs, but most don't. Check with your HR.
If "individual 401k" means "Solo 401k", different rules may apply.
FDIC & NCUA
FDIC started in 1933, NCUA in 1934. While the FDIC has taken the lead in banking regulations that are more complex, the NCUA has followed with similar actions applicable for credit unions (CUs). The basic idea is not to create confu…
Most insurers require auto + home combo before they will consider an umbrella policy. For various reasons, our auto & home insurance are with separate insurers.
Reverse mortgages have issues. They are expensive to set up. They may use only 50-60% of the equity to give the bank a margin of safety. It should be seen as a last resort option.
If workable, legally sell the house to a relative or trusted friend …
Lifetime income = annuitization
But annuities and annuitization are unpopular terms now.
The industry has moved on to lifetime income or guaranteed income.
The irony is that basic SPIA bought online may be good for lot of retirees. It's the expe…
The news is that the WEP & GPO repeal bill will be signed on 1/6/25 (Monday).
SSA also has put some information on its website. It says that after the bill becomes effective, the SSA will recalculate the benefits for those who have filed & …
Several people have mentioned that they plan to leave detailed written instructions for their spouses to follow.
I informally help several friends. IMO, those written instructions won't be effective.
A spouse who has not been interested in finan…
Both TRBCX and TBCIX had high distributions, so there won't be relief from CG distributions from class conversion.
Ex-div 12/12/24
TRBCX distribution $16.9089, reinvestment price $193.34
TBCIX distribution $17.1255, reinvestment price $194.51
Of …
WisdomTree BTCW waived ER for 6 months and the website shows 25 bps now. Other sites haven't updated.
https://www.wisdomtree.com/investments/etfs/crypto/btcw
Largest are IBIT and FBTC.
There is certainly a mismatch in the generally announced ex-div date 12/26/24 & the ex-div date on which the exchange reduced the price, 12/27/24.
In cases where there is a discrepancy, the official ex-div date is that on which the exchange tak…
I do look at From 990 sometimes to see how some charities are operating or to find their EIN#. The IRS doesn't seem rigid on filing deadlines. Large charities with several branches have the Form 990 for the main charities and then may have separate …
In the linked table, highlighted are SWPPX/SP500, QQQ/Nasdaq100, AVUV/SC. Those are fine starting choices, but mix will matter - most in SWPPX, some in QQQ, little in AVUV.
@dtconroe, I remember discussing this some years ago. At the time, you had indicated that Fido office was 2 hours away in Dallas, but there was a 2-3 person local Schwab broker/office - did that close?
One should avoid bank or CU financial advisors. They typically have high commissions & push a narrow group of products or firms' own products.
A general salaried advisor at Fido or Schwab may offer better free, no obligation opinions.
Use bank…
Several sources are citing the National Fraternal Order of Police (NFOP) that the WEP & GPO repeal bill will be signed on January 6. The NFOP has said that it's leaders got that information from the White House, but no one else has got similar i…
M* under People for EXDAX says this:
Privately owned for decades, the firm went public in 2011. Following a period of outflows and two waves of personnel turnover, the firm appeared to stabilize in 2020 when cofounder Bill Manning sold his ownershi…
Since 2022,M* has gone through refinements of MPRS. There was an update in 10/2024. I like this absolute risk system better than old M* within-the-categories risk parameters.
https://pdfhost.io/v/E..d~yHtX_MStar_MPRS_102024
MFO Risks are also absol…
Some are guessing that 30-yr T-Bond auction scheduled for January 9 will not be disrupted by half-day bond market open. Remember that the debt-ceiling kicks in on 1/1/25.
https://www.forexlive.com/news/sifma-recommends-early-bond-market-close-on-jan…
I would trust AAA rated corporates over AAA rated securitized stuff.
There are lots of assumptions built into AAA rated tranche of structured credits that may have only A or BBB rated underlying portfolios. So, I won't take AAA CLO at face value, …
@Anna, trend is just the opposite. Many states that were exempt from SSA have joined the SSA. Now, their employees can have both the state pensions and SSA. Of course, the SSA mandatory deductions are in addition to the mandatory state deductions.
…
