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.
micro-deposits have always been used to validate linked accounts
As I posted elsewhere, it seems that these micro-deposit accounts can appear "spontaneously" years after the link is established. (Automated systems revalidating the link.)
Until recently TIAA and CREF portfolios were only through work or to relatives.
https://www.tiaa.org/public/pdf/e/eligibility_flyer_external.pdf (See green box)
In March, TIAA opened up these investments to everyone via IRAs.
https://www.tiaa.org/…
At first blush it looks like it's better not to contribute to a deductible IRA, but rather to keep retirement savings in a taxable account. It seems better to pay the lower cap gains tax on the taxable account than the higher ordinary income tax on…
The cost to fix damaged cars has increased by 28% since 2021.
Seemingly minor damage to vehicles
Tell me about it. I recently was in a fender bender (my fault, first time in over two decades and I wasn't at fault for that earlier one). 2MPH. Fro…
Even in this day and age, I'd like to think that James R. Schlesinger was right when he paraphrased Bernard Baruch as: “Everybody is entitled to his own views. Everybody is not entitled to his own facts.”
And that's my opinion :-)
How does the I…
There's the way people (and websites) informally classify investment companies and then there's the formal taxonomy.
From the SEC (Investor.gov):
What are closed-end funds?
A closed-end fund is one of three main types of investment companies that …
BXSL is, or operates as, a Business Development Company (BDC). It isn't a CEF.
You say tomato, I say tomahto.
BDCs are domestic, closed-end investment companies¹ that are operated for the purpose of making investments in small and developing busin…
I could be wrong, but it seems to me that FD1000 said at one time he had a (fee) pass at Schwab. That's off the top of by head, so.......
Or you could be spot on ...
For me.
... 4. Here come the biggest advantage for Schwab. I trade only mutual fun…
The conversions and/or QCD's do not count towards the total RMD amount
Fidelity: "QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, as long as certain rules are met."
https://www.fidelity.com/retirement…
Top Executives
Name Title Since Until
David R. Giroux Vice President 2006 Now
Jeffrey W. Arricale Deputy Director 2006 2007
Stephen W. Boesel Managing Director and portfolio manager 2001 2006
Richard P. Howard Senior Vice President 19…
There is a downside in making QCDs by writing your own checks from your IRA. (That's what you can no longer do at Vanguard as of Sept.)
Roth conversions can only be done after you meet your annual RMD requirement (if any). When Vanguard, or Fid…
The verbiage clearly changed, otherwise the poster on the other forum would not have stated (somewhat erroneously) that some funds "now have Transaction Fees of $74.95, up from $49.95". You did correct that by saying that Schwab may charge fees up …
I didn't find any recent Schwab announcements regarding TF increases
Nov 1, 2021:
The cost of buying any no-load fund that’s not on Schwab’s NTF list is $49.95.
At least that was the case until today. The $49.95 purchase-only transaction fee remai…
In the prospectus, pull up the 5/20/25 Supplement (from dropdown in upper right)
https://prospectus-express.broadridge.com/summary.asp?doctype=pros&clientid=trowepll&fundid=77954M105
In the Summary Prospectus and Section 1 of the Prospectus…
Boeing makes the MOP. They appear to specialize in things that fall from the sky and result in destruction.
:-)
If one is looking for investment opportunity here, perhaps Northrup Grumman (B-2 manufacturer) is the better long term investment.The A…
I'm looking at CDs available at Schwab (login required)
https://client.schwab.com/Areas/Trade/FixedIncomeSearch/FISearch.aspx/CDs
I set no restrictions on the search (i.e. secondary market included), except for "best offer only" and maturities from…
Are you using MFO premium to screen for the =< 20% for the Mag 7?
Just brute force, I'm afraid. Sorted funds by 3 year returns and looked at their portfolios. Time consuming, but it had the benefit of getting me to glance at many funds I'd n…
If you include short term (1 year or less) zero coupon CDs, I used these when CD rates were better than T-bills (after tax).
Assuming that you hold the CD to maturity, conceptually a zero coupon CD is no different from a CD that accrues interest bu…
I've been looking through LC Bl funds that have done well over the past three years without having gorged on the Mag 7, while also having turned in good performances YTD. Ideally I'd also like them to have more than a smattering of foreign stocks (…
If I remember correctly the joke on the internet was he was leaving his estate to his cat
That's interesting if true. While states generally don't allow assets to be bequeathed to pets, there is a whole body of law, varying state by state, that en…
In October 1997, AMG acquired a 71 percent state in Tweedy, Browne for $300 million in cash.
Other owners include its four managing directors, William Browne, Thomas Shrager, John Spears, and Robert Wyckoff, Jr.
http://www.mfwire.com/fundprofile.as…
The Vanguard application is for an exemption from various SEC rules for each of the named Vanguard trusts. These days, most funds are "series" in a trust holding multiple funds. The Wellesley Income Fund just happens to be a series (fund) in a t…
The 2019 SEC reform is Rule 6c-11. That lessened but did not eliminate the need for exemptive relief. From the cited page:
Mutual funds wishing to offer an ETF share class, or, in F/m’s case, ETFs wishing to offer a mutual fund share class, requir…
A phrase one commonly sees in PR announcements of ETF shares is: "has filed for exemptive relief". We rarely give that a moment's thought; at least I don't. Still, what's included in those filings bears directly on this thread.
The SEC is concer…
If I were a shareholder of an actively managed fund and Vanguard opened a new, cheaper share class that I qualified for, I would be elated. Before you could say Jack Robinson I'd have made a tax-free exchange to that cheaper share class.
I did …
sometime 'inheritance tax' has sufficient name recognition, but most americans wrongly assume they would be affected (based on 'death tax' and other such anti-progressive tax propaganda)
And just to prove the point, what the federal government taxe…
The fund is simultaneously deleveraging by keeping 38.92% (of assets, not total exposure) in cash. That is, had the fund assets been fully deployed, the exposures to the various markets (bonds, stocks, etc.) would have been multiplied by 1/0.3892,…
It appears to be leveraged
I don't see any mention of how exactly they are managing that feat
The Key Info Sheet, Figure 2 says that the exposures are notional. Spend a little on options, get an outsized market exposure.
In the financial markets,…
Again, Joe, there is nothing political in my post, just 2 numbers.
Why are you bringing your politics to every post I made?
Perhaps because politics has affected the quality of the numbers you are taking as gospel.
https://mutualfundobserver.com/dis…
There are (at least) two different concerns raised here:
1) Staffing shortages in the federal government (not just in BLS) affect the ability of the government to do its job. Ditto @crash 's comment.
2) Lower sampling of data (whether price dat…
are we heading down the path of China, whose government economic data we absolutely knew was manipulated?
The numbers are still accurate, at least for now.
The published report, released Monday but dated May 29, includes numbers that are unchanged …
We seem to be writing at cross purposes.
You were "looking for earnings-weighted ETFs and found them". I'm looking for reasons to seek out such ETFs, and how well the ETFs you found meet those objectives.
In particular, I'm concerned with the eff…
Here's the term sheet: https://www.farmcreditfunding.com/ffcb_live/termsheet/3133ETDT1.pdf
and the complete (64 page) offering circular including risk factors:
https://www.farmcreditfunding.com/ffcb_live/pdfs/offcirc/BondAndDNOfferingCircular2024.p…
Weightings based on company earnings makes some sense. It's an intriguing way to build an index.
Weights based on earnings per share (which is not what these ETFs do) would make about as much sense as the DJIA being share price weighted. If a Dow…
including energy storage facilities that use batteries to store power that gets released when the grid needs it. Grid batteries are also heavily exposed to tariffs because, unlike EV batteries, practically none are made in the U.S. They are made in…
Nicely laid out. Unfortunately what I expect here is the same thing that's being done with immigration - a shell game. When one law is shot down, just use another and keep the deportation planes flying (and the import cargo ships away).
Meanwh…
” … probably be satisfied if Congress simply delegated their tariff power to the President.”
Perhaps initially. But there’s a larger issue of whether Congress can constitutionally delegate away to another branch of government an authority they are…
