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.
With possibly one exception, we're in vehement agreement.
I don't see this as a Santos level of deception
What Artisan wrote is obviously not at that level. I thought I made that clear in writing:"Artisan is embellishing; Santos was (and is) lyi…
Being able to do a partial transfer/rollover of an account with 72(t) distribtutions is nice, but it begs the question why would one want to do that? The usual advice, especially with respect to (employer-sponsored) retirement plans is to do full …
Analysts matter greatly, and I wish fund sponsors would provide information about them as well as their management teams. My comment was intended to be narrowly focused on exactly what Samra did at Oakmark. Had he been a portfolio manager there, t…
"Previous charge" makes it sound like Samra was a fund manager (even if not the lead) on OAKIX. No question about ARTKX doing better than OAKIX, just about what Samra was actually charged with at Harris.
It's true that he worked in Harris' intern…
Since you asked :-) ...
I'm not sure this is more arcane, but it's certainly in the running:The special rules described on this page may convert some or all of your short-term loss into long-term loss — or into a nondeductible loss — when you sell …
Credit Suisse has reached an agreement with the [current] owner of the First Boston brand to use the name for its new investment bank spinoff ...
Credit Suisse took over First Boston in 1998 after forming a joint venture with the bank in 1978.
F…
"Shares of Credit Suisse have erased about 95% of their value since the summer of 2007 after years of scandals and losses."
You mean there was a towel left to throw in?
With the exception of Mass Mutual Overseas fund (rated 3* or 4* depending on s…
Obscure foreign tax credit gotcha:
Taking a credit usually is more advantageous, but to qualify you must have held your shares in a fund for at least 16 days of the 31-day period starting 15 days before the ex-dividend date of the fund. For addition…
Long ago, the IRS eliminated the requirement for filers to break down registered investment company (RIC, i.e. mutual fund) income by country. You just give "RIC" as the "country".
In 2007, the IRS even stopped requiring mutual funds to report th…
There is a real difference between taking a foreign tax credit and a foreign tax deduction. But there's no effective difference between getting a foreign tax deduction in a taxable account and having the fund in a traditional IRA or having it in a…
The StockCharts bar represents trading days, e.g. 30 days ending March 1 starts on January 18th.
https://stockcharts.com/freecharts/perf.php?RPHYX&n=30&O=011000
"The box that moves from side to side inside the slider area is called the 'thu…
The figures are old, e.g. M* reports a 1 month return (as of March 1) of 0.27%. Confirmed by RiverPark, whose page shows month return ending 2/28 as 0.27%. M* chart shows a return of 0.418% for 12/30/22 through 1/30/23.
All of this just confirms…
I prefer to look at total return. If we're looking at payout rates, the payout rate of T-bills is 0.00% (zero coupon). At this point, 6 month T-bills come out a bit better.
Annualized total return of RPHIX extrapolating from YTD (Jan &Fe…
It's not just this Hartford fund that Wellington manages.
"Hartford Funds offers a diverse line-up of mutual funds, primarily sub-advised by Wellington Management."
https://www.cbinsights.com/investor/hartford-funds
2001, WSJ: Behind the Scenes: W…
Even more complicated then. Executor, letters testamentary, death certificate, the whole nine yards. That can be a handful, whether for savings bonds or anything else. Can be even worse if there's a voluntary administrator rather than an execut…
The bonds were still in my Mom's name. We thought about changing that while she was still alive, but it would have required us all to go to bank and do the same thing and she didn't have the stamina for it at 99.
I don't remember if we could have d…
@LeWisBrAhAm - what Yogi is referring to is transposition of letters (mfs vs msf); I believe tagging is case insensitive. We'll know if you see this post as tagged.
And while I'm not a fund, I'd like to think that I'm a bit complex, too.
This is positioning by all parties - greenwashing by funds and by companies, grandstanding by politicians.
XOM is found in many ESG funds other than ones that explicitly screen out fossil fuel companies. The oil lobby is fighting a battle of i…
IMHO the problems I or sma3 experienced shouldn't be viewed as so difficult that buying the tax refund bonds isn't worth doing. After all, one's got 30 years to get things straightened out.
I could have simply mailed the $50 bond back, waited fou…
Can anyone please explain what does reorganizing a mutual fund into a mutual fund trust accomplish? Layman's terms please if you can. Also, is this move good for the shareholders? TIA
The first is an interesting question, and one that Yogi has addre…
Short answer - no problem with what you're planning to do, even now.
Long answer - there are three different types of trading fees:
1) Fidelity excessive trading fees - applies only to Fidelity funds; kicks in when you make two round trips in the …
I spoke with TD. Front line wasn't helpful, but I got transferred to a supervisor who provided a clear explanation and took my feedback to clarify the "never received" savings bond form (FS-3062).
I was told that it is TD policy to replace paper …
Invests only in Post Office properties. So, it's safe to say the P.O. (half private, half governmental entity) will not default.
Funny you should bring that up. From OJ's post about the Supreme Court case to determine whether the Consumer Financ…
That fund has an additional 2.2% in HK. Is that all in HK companies, or does some of that reflect indirect investment in mainland China? The Reuters commentary below says that mainland China companies account for 78% of HK's stock market cap. …
>Heavy volume is slowing our response time to calls on the phone and cases sent by mail. You can call us from 8 a.m. to 5 p.m. ET, Monday through Friday. Please expect long wait times if you need an agent.
Estimated processing times for cases yo…
Several years ago I did a little volunteer work the Homeless Advocacy Project in your city. With a clear mind and sufficient training and education, "the system" can be navigated. Unfortunately, that help or training is too often needed.
The Ho…
Last year when I mailed the tax refund savings bonds I actually did receive, I didn't send them certified. My thinking was:
- if the USPS loses the mail, handing them a tracking number will not locate it (I've gone through that process); or
- if…
No one needs to give you permission to ignore the distinction(s) I have made. Surely, you don't intend to take the side of criminals over the victims of crime? And I'm still against redlining. larryB
*******
crash. Your post rues the day redlining w…
For those without a Bloomberg subscription, the piece is syndicated and can be read here;
https://www.fa-mag.com/news/wall-street-s-mutual-fund-to-etf-magic-trick-is-failing-to-wow-71984.html
By converting an existing fund, issuers hope to bring an…
Great sketch from David. Sure resembles the classic ‘57 Chevy, prettiest car I ever owned.
Which model? Even without seeing the sketch (blocked), I can tell from the URL that it is the high end Bel Air. There were two other models, the 150 and…
The site comes up as potentially compromised in my security software.
No matter. I mispoke. What I was thinking of was front wheel drive.
Rear wheel drive cars have better balance than front wheel drive cars. Because the balance is better, the…
. In western New England, Jim Crow was a thing that never entered our minds.
That was the problem.
Powerful maps: Groundbreaking report exposes ‘redlining’ in Pittsfield’s past that kept Black citizens in poverty cycle
'Jim Crow in everything but …
We each have different memories. Vehicles w/o mirrors are before my time:
The National Traffic and Motor Vehicle Safety Act of 1966 addressed safety standards, including rear visibility, and although it did not specifically require [rear or side] …
msf : Thanks again for covering all the bases. At this time I'm looking at an amended 2021 return.
It occurred to me that I may have been a little loose in saying that divs = qualified divs + nonqualified divs. That's somewhat of a tautology, r…
To add to the skepticism, the timing of the post is curious. "Indicators triggered a sell in early Feb.", yet this sell wasn't posted until the last week of February, right after the worst market decline of the year.
To OJ: if the timing had been…
msf : You mentioned VUSXX in above post. What % is tax exempt from state taxation ?
Another question while I have your ear. Tax info from Van Guard shows % of treasury dividend from a fund. If I take qualified & non qualified dividends & a…
I'm following a similar allocation strategy, though with VUSXX (yielding 4.52%, insignificantly safer [Treasury assets]), and short term T-bills (similar yield to CDs); both fund and T-bills are state and local tax exempt.
The situation with MMFs i…
Everyone's taxonomy is different. For me, cash equivalents are vehicles that I can cash out on relatively short notice (high liquidity) with virtually no credit risk and zero interest rate risk.
FDIC insured checking accounts check all the boxes.…
Large brokerages such as Fidelity offers one-yr non-callable brokered CDs yielding 4.85%. ... Bank CDs are not competitive for my $
Depends on the month and the bank.
Capital One - 5.00% 11 mo online CD
Ally Bank - 5.00% 18 mo online CD
BMO Harr…
The article singles VEDTX out for having a large cap gains distribution. Modest cap gains distributions are not all that unusual. Here's a piece on Vanguard's 2012 ETF distributions, reporting that all but one of Vanguard's bond ETFs distributed…
