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.
At its core, the question here is whether one can do a same day trade at Schwab from a fund in one family (here a Schwab MMF) to a fund in another family. There's a fair amount of noise that's crept in.:
- The fund being sold is a MMF. Doesn't m…
Yeah, all those dopes that switched LOL. They had a guy that instituted a Muslims ban. Finally got rid of him for Biden but they hated Biden because he didn't end the Gaza war. So they switched to supporting Trump because he said he now loves them.…
@msf,
I do not think I follow this (can you pl elaborate, may be with an example)?
"Deductibility of IRAs is based on another form of MAGI"
To calculate MAGI for IRMAA purposes, you add in tax-exempt income (line 2a of the 1040).
https://secure.…
For a muni fund with a wide range of duration, one can look outside the box (national muni funds).
STWTX / STWVX (Hartford Schroders Tax-Aware Bond Fund) was classified as a muni fund through 2018. Since then it's been classified as a taxable bond…
Ultra-ultra-short munis is an interesting idea. There don't seem to be many competitors, though access to any of them (including FHMIX) can be challenging. Clearly such funds are best used in taxable accounts.
FHMIX - Fidelity, TF, $25K min. Els…
Am I missing something? REMIX/BLNDX knocks the socks off LCORX, and the other competitors mentioned by several members in this thread.
REMIX / BLNDX is not a direct competitor of other funds mentioned. It and the others are not only in different ca…
Vanguard has never created an ETF share class of an existing actively managed fund. Until a few years ago that would have created disclosure problems (publishing portfolios daily) for the existing funds. Even now, it might find it difficult to sho…
"Gaza is just another distraction, keep your eyes on what Musk is doing ..."
+1 -- at least people are starting to see his
look over here... not what I'm doing crap.
+ 100 Understand the players, understand the game.
As the Orange One's prede…
The average return of a category of funds in any of the past ten years can be found on the M* performance page of a sample fund in that category. Precise to the basis point.
For example, using LCORX:
https://www.morningstar.com/funds/xnas/lcorx/pe…
Tactical allocation funds have quite varied approaches and their performances are all over the map. A few examples, in case this is what you were looking for, illustrate this.
I'm not including funds that M* classified as something other than t…
The problem described doesn't depend on whether the underlying holdings are ETFs or other traded securities. Either way, the question is whether an ETF's bid and ask prices are representative of the aggregate prices of the underlying securities.
…
Free passage for US warships through the Panama Canal.
I heard this on the radio this morning and the first word that popped into my head was "extortion".
That's a nice canal you have over there. Sure would be a shame if something were to happen…
Now I'm confused. Are you talking about the modernization of the EU-Mexico agreement (literally the subject of the cited article), the modernization of the EU-Chile agreement, and/or the new EU-Mercosur agreement?
I ask because you talk of the EU …
"Unlike conventional trade agreements, which focus on reducing barriers to trade, these next-generation pacts go much further: they harmonise regulatory frameworks, protect investment, establish streamlined dispute settlement mechanisms, and reflect…
It's only for a month. And it looks like Trump finally got Mexico to pay for a wall - not an engineered wall, but a wall of 10,000 soldiers on the border.
In contrast, New Zealand and few countries (cannot recalled) have had few COVID deaths and minimal economic suffering due to their fast reaction and scientific know how’s. Granted, these are small countries and easier to closed their boarders
Hey w…
Are you saying that you don't trust writers' analyses of funds because they might be working with data that's stale by a day or two?
I'm the opposite. I wouldn't trust any analysis that was so unstable that it would change because of yesterday's…
My current understanding of his vision suggests that -- due to its unique position among the world's nations -- imposing both substantial across the board and targeted tariffs will prove to be beneficial for the United States.
If by beneficial you…
The illegal crossing of migrants and the flow of fentanyl into the U.S. were the irritants Trump named when he first threatened to slap Canada and Mexico with 25 per cent tariffs last fall. Government officials say less than one per cent of each ent…
While unconditional pardons are allowed by the Constitution, this does not mean that pardoning the nation’s enemies does not violate his oath of office “ to faithfully execute the Office of the United States …”. I think a strong argument can be ma…
Thanks. I am familiar with direct indexing, and in fact have spoken with Fidelity about it. (New rep assigned to us; I figured I'd let him go through Fidelity's various wealth management product permutations with us.)
The Barron's piece you link…
Anyone who supports Trump has to answer a simple question for me. How could he pardon people convicted by honest juries of seditious conspiracy to overthrow the US government only a few minutes after taking an oath to “preserve, protect and defend …
So you read Coy’s complex arg or not ?
That market distortions don't impact only one side in a transaction, but rather affects all parties? Yes, economic inefficiencies hurt everyone.
He really doesn't get into tit-for-tat tariffs, more like men…
tariffs amount to a tax on domestic consumption and a subsidy to domestic production.
And they don't balance out. Consumers lose more than domestic producers and the government (tariff revenue) gain. Economists call this deadweight loss.
Here's…
I tend to regard AI as having gone through three cycles:
1. Late 1950s - 1960s. Think ELIZA
https://www.livescience.com/technology/eliza-the-worlds-1st-chatbot-was-just-resurrected-from-60-year-old-computer-code
2. Mid 1980s-1990s. Expert syst…
I just don't want to have to ever again deal with this level of an issue in return for the now negligible benes a VG a/c provides.
Here's a Bogleheads thread on how little is left of benefits for Flagship ($1M+) customers.
https://www.bogleheads…
Re the 2036 due issue, Fidelity shows Yield to worst at 5.267% - that does not sound right
Looks about right to me. A back of the envelope calculation (no yield calculator required) has it coming out to about that (before subtracting the cost of t…
The magic touch. Some of us got it, some of us don't :-)
(To make images work on this board, you need a URL ending in something like .jpg, .png, etc.)
The statement (like this thread) is from six months ago. Since then ARKK is up 23.00% (per …
what are the advantages of converting OEFs to their ETFs? Tax? Lower expense ratio?
Can Vanguard do the conversion by themselves online or this can only be done with Vanguard agents?
Thank you
The cynic in me says that the advantage is marke…
Even with careful instructions to the broker, if the fund sponsor doesn't approve, you may not be able to do a tax-free exchange from one share class to another of the same fund.
I ran into this with a Blackrock fund. I had service class shares. …
A clone is a different fund with a different portfolio. So you can't do a tax-free exchange, let alone a sell-and-buy from a fund to its clone.
Even if the ETF were another share class of the same fund (as VOO is another share class of VFIAX), a …
It's not just the big banks that play these games. Many institutions do. One can counter by being ever vigilant and moving money around from bank to bank. I did this for a time when I was between homes and had cash proceeds from the sale of my ol…
As Yogi mentioned in his earlier post, it's a common practice of internet banks to draw money in with high rates, then lower the rates on those accounts while creating yet another new high rate account type. Capital One did this with its 360 Savin…
I was taking RMD on Jan 2 or 3. But in 2020, the pandemic year, the RMDs were waived - first for those who took it after February or March, and finally for all around mid-2020. So, I was kicking myself for 5-6 months in 2020 for taking RMDs too earl…
Regardless of your institution you should check the RMD setup at the beginning of each year. One year Fidelity set my automatic withdrawal (on an inherited IRA) at roughly 4x the correct amount. Even the best :-) aren't perfect.
From the original paper:
"Spending cutbacks to self-insure against the tail risk associated with medical costs or advanced age is clearly suboptimal when products exist to pool these risks."
I wrote: "The risk is in outliving your money. A traditio…
An annuity-like distribution is certainly possible. I'm using a combination of funds such as SCHD, DIVO, NEAR, JPIE and a handful of dividend paying stocks and CEFs ...
Color me skeptical. Money managers like Vanguard and Fidelity tried to do thi…
I'm playing this game by bundling cap gains into some years and ordinary income into others.
A few techniques to bundle ordinary income
- Do Roth conversions in "ordinary income years".
- Buy short term (1 year or less) CDs/T-bills in "cap gains …
