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You could use the more PC line from TNG: "where no one has gone before". But that would be mono-ist.
Remember the Bynars.
https://memory-alpha.fandom.com/wiki/Bynar
Buying a CD or a bond with accrued interest is like buying a dividend.
If you look at the value of a mutual fund share, ex-div, it is less than what you paid for it on the record date. That's because you're paying for the money that you're abo…
But going back to my first example . . . Let's say the coupon on that three month CD is paid at maturity only. So I have not lost out on two previous months of interest payments. It seems to me that the seller is so desperate to raise cash that he i…
VG advisor is their glorified VG PAS ROBO-advisor. Apparently, a call center person calls about the allocation recommendations that the computer spits out.
That's a cheap shot.
(I'm not sure if the pun is intended or not; funny what the subconsc…
I don't trade CDs either, but that sounds about right. If they work like secondary market bonds the buyer will pay the seller for 60+ days of accrued interest up front, rather than owing the seller that interest at maturity. That's the only deta…
Don't getting too misty-eyed over that time. Congress passed some of the most detailed, constraining legislation (even by Congressional standards), because it didn't trust Nixon to faithfully execute the laws if they gave him any wiggle room. I'…
@Mark - thanks for the brief paper.
Next thing you'll be telling me is that you found proof that if you drop a pound of feathers and a pound of lead from the top of the Empire State Building, the feathers fall more slowly. Heck, you might even fi…
In the lead/feathers test, I bet people are quite sensitive to the inertia (both linear and angular) when lifting the two supposedly identical boxes and the experimenters neglected this.
Linear inertia is the resistance of a body or collection of bo…
Be aware of ounces (common measure) and Troy ounces (used for precious metals).
Other Tidbits:
...
Gold is 19.32 times heavier than water, silver is 10.49 times heavier (specific gravities)
Good point.
As to which is heavier, gold or water, I …
For you fourth graders out there:
If I steal $14.8 million ($14,800,000) in gold, and
if gold costs $2,000 per ounce,
how many ounces of gold have I stolen?
There are 16 ounces in a pound. How many pounds of gold is that?
There are 2,000 pounds …
That's an excellent question, actually two of them. On what day is a non-OEF dividend reinvested and at what time (price) is it reinvested? These questions apply equally to any security continuously priced.
Despite what you would wish, you don'…
That profile rang a bell. As I recall, what used to be Buffalo Science and Technology Fund (BUFTX) had a similar profile. Though in its newer incarnation (Discovery) it's a more typical MCG fund.
I did a very quick M* search for tech (40%+) and …
The only solution I see is if 5 or so Republicans who were elected from blue districts cross over to vote with Dems to raise the ceiling… There has been some quiet discussion of this happening
Discussion may have been quiet, but a proposal that wou…
Default denialism as generally used is the idea that a default wouldn't be harmful. It was discussed to death in 2011 and 2013, e.g.
American Enterprise Institute - The Foolish Idea of Default Denialism - "A craze is sweeping the nation, the idea…
Vanguard's portfolio tracker correctly imports the current PRPFX price. One may need a VG account to use. It is under "My Accounts" / Holdings. At the bottom of the summary of VG accounts is a link to add outside accounts, which can be added m…
I saw that article. Worth noting is that the method of reinvesting divs was different from what funds do. He reinvesting divs into the stocks generating those divs (computing total returns for each holding), while a fund or index (I presume) re…
So we're near the end of two pages of discussion on this topic and not ONE time has the term "alpha" been stated
If I own a volatile fund, I expect it to go down more than the market. But I also look for it to more than make up that underperformance…
I hope he can be trusted. Meanwhile ... The M* premium stock screener will also be retired on May 2nd.
This screener will be retired on May 2, 2023
After May 2nd, the Premium Stock Screener will no longer be available. You can access our comprehe…
Nicholas Fund. Third ave value. Sogen international. Mutual shares. Of course Fidelity Magellan. Those are just the ones I can remember. But they come and they go.
CNN/Money, THE BEST MUTUAL FUNDS Here Are the Pros' Choices for the Next Decad…
After the dot com bubble burst and my largest holding was down 10% more than the market (i.e. around the figures Lewis is using), I got a cold call from someone pitching professional portfolio management. I still remember my response: I already ha…
Down-years are to be expected from time to time
Lean years, sure. Down years, not so much. Aside from last year, the last calendar year in which PRWCX lost money was in 2008, when it lost 27.17%. The only other calendar year in which it lost …
It would seem to mean little more than average investors fleeing investments at their low points only to buy back at higher prices. Add this data point to the "even more evidence about not beating the market" thread.
PRWCX bottomed out on Oct 12t…
This is is ground-shaking. Amazon revolutionized publishing in 2007 with the release of the Kindle e-reader, the first of its type,
Half correct. Amazon popularized e-Readers, but it wasn't the first. It wasn't even the first of the second gen…
It's more than simply an AUM-weighted average of fund returns. It considers cash flows - investor dollars going in and out - and calculates how much each extra investor dollar earns. That's still asset weighted, though the assets being weighted …
It's easy to see that REITs and MLPs get different tax treatment. The former falls under corporate tax rules (with significant exceptions), while the latter falls under partnership tax rules.
REITs are defined in the tax code (26 U.S. Code §85…
I'm writing about tax code and generalities while you're presenting specific tax situations and experiences. We're simply talking at cross purposes. As we're coming from different perspectives, I'm fine with agreeing to disagree. That doesn't …
The ability of LP's in a real estate private LLC to get the benefits of depreciation that shields most of the tax impacts of the distributions is massive.
I think you're talking about the LLC members who are not managing members. For clarity it mi…
The Journal of Accountancy article from 1997 isn't relevant in today's world especially after the rise of crowdfunded CRE following the JOBS Act in the 2010's
That article discussed the alteration of tax benefits (notably pass through of losses) in…
Or perhaps poor management. Walmart put up with losses there for 17 years, since day one, and then gave just five days notice before shutting down the stores. Not an indication of good planning skills, and certainly not good public relations. …
A couple of clarifications (perhaps):
- The termsheet that Shadow provided says that minimum additional investments are $5K, but doesn't say that these additional investments are required or that they can only be made on a monthly schedule.
- The …
Bloomberg has great article on chaos at IRS but behind their paywall.
The Washington Post has a great op-ed along with pictures about how archaic the IRS system is (dating back to the 1970s, though they do have a computer running Windows XP). I b…
Some of the MMFs settle same day, some next day. This is likely not unique to Merrill. Further, each fund has its own trading cutoff time, well before 4PM. If you place an order after that cutoff time, you'll get an order acknowledgement readi…
@Sven, thanks for pointing that out You used an important phrase: "out-performing their respective index". The WSJ didn't compare all 1,257 "qualified" (over $50M AUM, 3 year record) actively managed domestic equity funds to their respective ind…
Consider thinking outside the box, or in this case, outside of Schwab and brokerages in general.
Hyperion Bank CDs (new money, available online, taxable accounts only):
- 19 mo CD, 5.35% rate, 5.50% APY
- 13 mo CD, 5.12% rate, 5.25% APY
https://w…
Fido Brokerage Bill Pay went down a few minutes ago. Just came back, but lost work I had entered shortly before it went down.
I didn't capture the first error message. The last error message was:
503 Service Temporarily Unavailable
Agreeing with @Observant1's comments: Thomas Coutts has been the lead manager on the pure Baillie Gifford international fund, BGETX, since inception. Until 2021, that fund tracked VWIGX extremely closely (see Portfolio Visualizer graph).
The r…
@hank, only the precious metal funds may own physical commodities.
Thanks. Guessing it’s a SEC limitation?
My impression is that this is more of a pragmatic limitation than a legal one. There are certainly additional legal constraints on owning…
It looks like the instructions are the same, aside from Yogi's edit warning to check a box (either savings or checking) rather than leave it blank.
Reiterating my prior warning - it looks like refund money that is sent electronically will be applie…
I don't get fascination in yield for its own sake. Why would one pay (in the form of negative total return) just to get some of one's own money back as divs?
Lifetime total return of TSLY (using Yahoo's adjusted NAV figures) -1.6%
Nov 23 - Apr 3,…
The price cap is no longer a real cap if the 2nd richest economy needs an exception.
GDP as a whole is a meaningless number. GDP per capita is the meaningful number.
Is that Liechtenstein (World Bank 2020 data) or Ireland (Visual Capitalist, 2023),…
