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.
I believe the total to be 37.2 +8 = 45.2% state non taxable ? Agree or not ?
Disagree. I believe (but haven't checked lately) that it is percentage of income, not assets that matters. In any case, Schwab, like all fund sponsors, provides taxpayer…
Not that it matters, but this "bug" was not well reported.
The way many of the reports came out (COBOL, ancient people supposedly getting benefits) made it sound like a Y2K problem. A lot of business programs, often written in COBOL, represente…
which may indicate investor demand
Just speculating here since I haven't taken a close look at newly launched ETFs. ISTM that since there are no owners when an ETF launches, there could only be buyers in the secondary market. A premium might not…
"...in a country where people are facing systematically higher financial and job insecurity, the people are, on average, less likely to save...."
This is a rather odd conclusion involving multiple uses of the word "saving". It does not come from t…
There's the real NAV (what a fund is actually worth at 4:01PM) and the perception of a fund's worth. For perhaps many hours or even days, that perception is distorted. What we perceive now is a reflection of what the NAV used to be then (stale data…
Thanks @Crash.
stats do catch-up to reality
Exactly. Not just M* stats but official (fund sponsor) stats as well. As of 4PM every trading day the NAV of funds is determined, metaphysically speaking. That's reality, even though the funds are jus…
Beware that preferred "stocks" are really debt of very long or indefinite maturities
That's a good practical description, i.e. from the investor's perspective preferred stocks are debt. Though for most tax purposes they are treated as dividend-pay…
If VTCLX floats your boat, there are a couple of ETFs tracking the R1K. VONE (Vanguard) and IWB (iShares). VTCLX also tracks the R1K though more loosely for better tax efficiency.
The ETFs have slightly higher tax cost ratios than VTCLX (0.41% and…
The only competitor for VTMFX that I'm aware of is TAIFX. It is also 5*, also M* silver-rated (FWIW), but performance is slightly less.
Index funds are naturally somewhat tax efficient. So with a fund like VTMSX you might look at "regular" index …
I didn't realize that FullerThaler sub-managed any funds. This (UBVAX) is a SCV fund. The same managers as this fund also manage an open MCV fund under the FullerThaler name: FTVNX.
In the SCV space, FullerThaler does offer one fund, FTMSX, but …
OJ - Likewise I agree with your points.
My concern is that painting with broad brushstrokes, conflating the messengers with the messages, inculcates distrust in government research and analysis. And in doing so, enables "Donald Trump and his co…
that the government was telling the voters that all was OK
The government (read Bureau of Labor Statistics) produced accurate data, though with misleading headlines. It was politicians and some reporters (who knew better or were ignorant) who told…
Actually, I understood him to say that the tools and metrics do measure what they are supposed to measure, but it's the wrong stuff.
What he wrote was: Our research revealed that the data collected by the various agencies is largely accurate. Moreo…
intellectual dishonesty of the author
IMHO he overstated the adjustments necessary to come up with values that represent what people think they represent. That's a second level exaggeration. It still gets closer to the truth.
His points and t…
His point, as I take it, is that the numbers, though accurate are misunderstood. So things are worse than people get from the numbers reading them simplistically. True enough. But then he goes and does the same thing by simplistically presentin…
For most people, an egg a day does not increase your risk of a heart attack, a stroke, or any other type of cardiovascular disease.
...
Of course, it matters greatly what you eat with your eggs. The saturated fat in butter, cheese, bacon, sausage, m…
Probably not what you were looking for, but FWIW, NYS has vaccination records online.
My pet peeve is faxing. I don't know if it is law, custom, or a combination, but some institutions (notably medical) only accept USPS or fax; not email. And th…
BTW, its 2/17/25, and I'm still waiting to receive my year-end distribuition notifications for the funds I hold in my Vanguard Roth account.
Just trying to understand here. You seem to be saying that you're expecting a notification for each fund. …
Vanguard (at least for a couple of years) self-clear through their subsidiaries.
2009 actually. I know - it seems like only yesterday :-)
FWIW, here are a couple of lists of brokerages and their clearing houses. Large brokerages generally self-…
Not personal experience, but I've helped someone who used to have sizeable managed accounts (both taxable and tax-sheltered) with them. At the time the structure was that you worked with a personal advisor for planning and advice while the actual i…
Many people find government pronouncements and actions relevant to investing. For example:Markets had to decide whether the president was being a protectionist or a pushover, and for now are erring toward pushover,” Paul Donovan, the chief economis…
I don't see the name Wells Trade anywhere on the site.
As services have become more commoditized, brokerages seem to be blending their low cost and full service brokerage identities. Perhaps in an effort to upsell.
Merrill Edge still exists as a …
Gosh, why would Dump want to remove consumer protections????
https://www.thedailybeast.com/more-than-800k-have-lost-2b-on-trumps-meme-coin/
"President Donald Trump’s cryptocurrency, called $Trump, has cost investors billions. Trump announced the l…
Seniors often have nothing but there nest egg to crack over inflation (higher prices).
IMHO this is one of the strongest reasons to defer taking SS as long as possible. Rather than taking SS at full retirement age (FRA) or earlier and investing t…
The context was: former TDA account holders who have been transitioned should expect both their tax forms to be found under their new account number. IOW, the way tax forms are sometimes presented when there is a midyear change of clearing houses. …
1099 delays are most likely due to how long it takes the funds/companies you hold in an account take to report. So the fact that someone else got a form from your brokerage means little. They may not have anything their account that reports slowly…
There's not much I can add beyond what Yogi wrote. Though the term the Wisdom Tree uses on its page is "Distribution Yield", not current yield. The former typically means the average dividend payments over the last twelve months, i.e. TTM.
Check…
While traditional Republicans (if there are any left) might relish the shuttering of the CFPB on principle (less regulation of financial institutions), Musk has a more immediate objective.
Senator Ed Markey (via X, formerly known as Twitter) writes…
FWIW, there's not a theological (belief in a god) or even religious (broader beliefs and practices) requirement in the Constitution, including the presidential oath of office.
"So help me God" is not in the official oath and was likely not added by…
On August 24, 2015, exchange traded products (ETPs) experienced a real life stress test.
Curiously, less than two months earlier there was another real life stress test albeit a much smaller one. On June 29, 2015, the Greek banks and stock market …
msf: "ETFs can't be closed."
What is the law or rule that says an ETF is not allowed to close inflows?
There's no rule of law that gives ETFs an advantage over OEFs when it comes to taxes. In fact, the law that says a fund can make embedded gains …
Schwab platform fees for most OEFs:
NTF funds
- OneSource (retail): typically 0.40%, can be as high as 0.45%
- Retirement plans (e.g. 401k): usually 0.10% to 0.50%, can be as high as 1.10%
TF funds: typically 0.10%, can be as high as 0.25%
An incr…
You wrote: "some arrogance involved. primecap and wellington had many years to ask vanguard to adopt an etf structure for tax\trading benefits."
Seems a bit presumptive to infer that they didn't ask vanguard to adopt an ETF structure merely from t…
So with respect to trading, depositing a check is treated no differently from wiring cash?
Source? Experience?
Fidelity says that if you deposit more than $25K by check you won't be able to trade with the excess until it's been processed (the ho…
If the share price moves does that not make it an ultra short term bond fund,,, not a money market fund that is characterized by a stable share price?
When people speak of volatile NAVs, they are usually thinking of the value of the underlying asset…
Got it. You still use the QD worksheet as explicitly instructed on Line 22 of Schedule D.
(That's in the Schedule itself, not in its instructions.)
The way this works is that net cap losses cannot be used to offset qualified divs. So the QD work…
I suspect you're seeing a classic sawtooth pattern of a fund that declares divs monthly.
https://www.etftrends.com/money-market-etfs-opportunity-attract-mutual-fund-assets/
An OEF MMF declares divs daily, so its price doesn't increase over a month.…
I'm not sure where the instructions you mention in your first sentence come from. Here are some of the instructions for Line 16:Schedule D Tax Worksheet. Use the Schedule D Tax Worksheet in the Instructions for Schedule D to figure the amount to en…
All of that is true (but see below); I'm not sure what your point is.
I'm also not sure that if you walk into a branch (or do a mobile deposit) with a check as opposed to a wire) on settlement day that would be acceptable. You should be able to tr…
am not sure i would let vanguard outside active managers off the hook for sticking to the standard mutual fund structure.
...
finally, its laughable that mid-mega cap u.s. managers are 'giving away their secrets' with etfs. no active manager can m…
