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.
While Prof. Snowball's suggestions are all worth consideration, the situation is, as he wrote above, more nuanced.
Sometimes getting a gifted share does not enable you to invest more in the fund The Artisan Funds prospectus say that
You may open …
To be clear, the WSJ piece is not about the shopworn lament that retail bond investors, and more specifically retail muni bond investors, pay high transaction costs.
The Hidden Costs of Retail Purchases in Municipal Bonds, S&P Global, June 2022…
Fidelity has a search tool that allows you to search individual Muni bonds by state and category
Be aware that market discount (the difference between the "correct", often par price and the market price) is generally treated as ordinary, taxable in…
The green bonds piece is solid, and the 10 minutes to watch it are well spent.
The Lebenthal ads are mostly for amusement, though he did a good job of getting across the point that munis support infrastructure. Unfortunately, I had a hard time fi…
For decades, Jim Lebenthal sold muni bonds as investments in public works - power plants, sewers, parks, transit, etc. IOW, infrastructure.
But infrastructure ≠ ESG. (Hard to see how a Yankee Stadium muni bond is ESG.)
Here's a 1932 ad for mun…
BTW, MFO isn't user-friendly for tabular materials; often, the URLs have to be reposted/redone; as noted above, colors aren't supported
To preserve spacing, for tabular materials or other text, you can tell the browser that the material is preforma…
As with most other income-based taxes aside from IRMAA, muni bonds are exempt from the Medicare surcharge. That makes the case for munis somewhat stronger.
However, conversion amounts are not directly subject to the Medicare surcharge. Though t…
Lots to comment on here.
- RMDs now begin at age 73, giving an extra "golden year".
- Several states give capped exclusions for retirement income including conversions; this is a consideration in deciding whether to exhaust the Trad IRA (via co…
That's correct, muni income is included in the IRMAA calculation.
However, if you get the same net income (after taxes) from a taxable fund and a muni fund, the muni fund looks better from an IRMAA perspective.
For example, and to simplify arithme…
Getting pushed into a higher tax bracket itself (without other effects like triggering IRMAA) is often not a good enough reason to use munis instead of taxable bonds.
Say you're at the top of the 12% tax bracket. By assumption any extra taxable do…
42-day Auction is a CMB, so it isn't on the regular Treasury Auction Schedule. Some brokers may not offer them.
FWIW, they are also not available through TreasuryDirect. (In reference to another thread, I agree that there is usually little point i…
3rd paragraph - I think you mean Ariel (not Artisan) International. (Fixed! Thanks!)
The next sentence leaves me confused: " Given that Morningstar doesn't track growth and value separately, and Bhansali is a distinctly contrarian, value investor,…
why not buy at brokerage (at Auction or in the secondary market) in the first place?
A rhetorical question but one with a real answer. While many brokerages let you buy and sell Treasuries (at auction or in the secondary market) with no commissio…
Forget that it's called an auction - that's just the way the Treasury sets the offering price of its bills, notes, and bonds. All retail investors get the same price at the auction; they don't bid.
Conceptually, the difference between buying "at a…
Today's auction shows the price for a 13 week T-bill (CUSIP 912796ZD4), maturing 11/30/23 was $98.650167. That seems to exactly match what you wrote you bought.
Auction result:
https://www.treasurydirect.gov/instit/annceresult/press/preanre/202…
I use Fidelity's Full View (eMoney). I'm comfortable handing over some external account information to Fideltiy. If you're not, then as The Finance Buff notes, "You can also choose to always add your account manually if you aren’t comfortable en…
Sometimes you just get lucky. I wouldn't have known about the Internal Revenue rule except that it was in the news just last month. The NASDAQ 100 was "rebalanced" ostensibly to be more diversified. Since this was triggered by large holdings app…
TRBCX has 7.49% of its assets invested in Alphabet stock (6.192% in class C, 1.297% in class A).
This matters because in order to be taxed as a passthrough entity (i.e. the fund itself doesn't pay taxes), it must limit the size of its positions in …
I use it on a computer (downloaded from Symantec, not from App store). No problems.
Looking at the complaints for the mobile phone app, they seem to be concentrated on failure to install correctly (a one-time event, I didn't have a problem), tran…
Multifactor authentication uses two or more different types of authentication, e.g. (1) what you know (login/password), (2) what you have (a physical token), or (3) what you are (biometrics).
https://csrc.nist.gov/glossary/term/multi_factor_authenti…
Krebs' piece observes that "Countless websites and online services use SMS text messages for both password resets and multi-factor authentication." That said, he warns about the risk of using a mobile phone for password resets.
Lose the phone (…
According to the fund page at Northern Trust, ARK was removed on Aug 22, 2022, with responsibility for managing the assets reallocated among the remaining five subadvisors on or about Aug 31, 2022.
https://www.northerntrust.com/united-states/what-we…
That's a false dichotomy.
There are various perspectives including the pragmatic and the principled. Pragmatically, you most likely won't get caught. I take a pragmatic perspective on a daily basis when I jaywalk. I will not be cited. Rudy is…
OJ - I really did mean that you are more respectful than 99% of the people using material from articles.
If you'll pardon me going all wonky, I'll try to explain why the points you raise don't affect whether a copyright has been infringed.
Giving …
A poster at M* noted that the free credit monitoring offered by Kroll/PBI/TIAA is for 1 credit bureau only. So, I just checked mine by logging into Kroll & under "Services", it says Experian only.
Aside from a self-destruct date (two years of se…
I don't know if you could get a response from either pbi or Kroll without [a letter], but Kroll has all the information you would expect already, DOB name address etc
FWIW, from TIAA's FAQ on the data breach:
Can I find out if I am affected withou…
I do sometimes transcribe published emails or web articles in their entirety [when] those sources are free and don't require a subscription.
@Old_Joe +1
for giving the question of excerpting material due consideration and articulating a coherent …
fwiw (ML customers): D&C funds are $20 at ML
Except for DODLX and DODEX - not available at ML at any price. Spoke with a rep several months ago who "explained" this is because ML doesn't generally sell institutional (class 'I') shares at the …
I didn't mention CDs in this thread. They're not for trading. Either you were responding to someone else or brought them up yourself.
If Schwab mentioned CD early withdrawal penalties, I'm a little surprised. Generally (though not always) bro…
Regarding Nuveen/TIAA - According to M* (see "Parent" section under TIAA funds), the rebranding of its entire asset/investment management to Nuveen was more than cosmetic. TIAA centralized virtually all its investment teams as well as all its opera…
To skew the data a bit further, my largest single stock holding constituted somewhere between 30% and 40% of my portfolio (including cash, which was a large percentage).
That was when I was young and foolish, working at my second company - a start…
I agree with you that if one wants to quickly shift from one investment to another it is much easier if the two investments are held at the same institution. However, it is no more difficult to trade TBIL than it is to trade T-Bill CUSIP 912796CS6…
I want to own funds+MM that I can trade any day when I see an opportunity.
Treasuries are just as liquid as funds. Though convenience can be subjective.
You can see below that each one of us got a $65K Retirement Income Exclusion.
Actually from…
The nearest Fidelity office is four miles from my home. There is no parking whatsoever around there.
My nearest Fidelity office is nearly 4 miles away, over in the next county. Not only is parking nonexistent, but the drive alone would take arou…
I've never tried the Fidelity brokerage but there have been so many posts on this forum complaining about problems there that I'm not encouraged to try it out.
Guilty as charged :-) I suppose it's a sinful pleasure reciting problems with Fideli…
After many bad experiences with Vanguard from top to bottom, I left a dozen years ago for Fidelity and have not regretted the choice once.
Literally or figuratively a dozen years ago? The reason for the question is that around 14 years ago (2009) …
a married couple filing jointly may exclude twice the given limit.
This makes it sound as if a couple gets a combined exclusion that's double the individual exclusion. That's not quite accurate.
The exclusion is available for the taxpayer and his…
Last year, SCOXX / SNOXX was only 18.8% state tax exempt (and 0% exempt in Calif., N.Y., and Conn.)
https://www.schwabassetmanagement.com/resource/2022-supplementary-tax-information.
Even in Georgia, with its 5.75% state income tax, after you chop …
When you get to a certain asset level, larger fund houses may give perks. T Rowe Price will let you into its closed funds (like PRWCX) if you maintain $250K there. And at $500K, they will sell you cheaper institutional class shares (e.g. TRAIX) …
Nonretirement stuff at TIAA is only for those with retirement accounts that WANT to stick around for consolidation of accounts.
Fer sure, mostly. Though TIAA does have a product or two that some without retirement accounts might want to buy. I…
