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.
Between 12/10/2007 and 4/1/2022:
UTF w/div: +185.15% (cumulative)
UTF price: -0.14% (cumulative)
Figures are from M*'s interactive chart for UTF.
Price return is from chart, after setting start date and frequency to "daily".
w/Div comes from chart…
M* finally downgraded ARKK from neutral to negative.
Manager Cathie Wood has since doubled down on her perilous approach in hopes of a repeat of 2020 ... [nearly halving the number of holdings]. ...
[No successor with prior management experience; …
As much as I like John Oliver and feel his pieces including this one are excellent, it is nevertheless dated. As noted in the Nuveen excerpt above, and in the NBC News page (NBC video/AP text) below, about half ($34.3B) of the $70B debt described …
On the legacy RIsk & Return page for a fund, you can click on "Compare". The "Benchmark" select box offers choices including Primary and Secondary Prospectus Benchmarks. Those selections will tell you the benchmark values.
Substitute your fu…
Thanks for that information. Unfortunately, there are a couple of features at Fidelity that one can't be sure work without either trying them out or asking. One is buying a fund with a reduced min in an IRA, and then there's this one - automatic…
If you're buying it in an IRA, the min appears to be $0.00. Still, holding an open position means that you can add to it for $5 instead of having to pay $49.95 to reopen one.
It's not just free, it's "free, free, free, free, free, free, free". Did I forget to mention, it's free?
What I find disturbing is that the disclaimer is written in hidden legalise that is easy to miss or misunderstand. That's especially true fo…
I generally agree with the general impression that it can be harder or more expensive to purchase more third party funds at Fidelity than at Schwab. But it really depends on how you're looking to purchase and which funds in particular you are inte…
It will be handled in what seems like the logical way. Your total cost basis is prorated based on the values of the stock you get (or keep) in each company.
Here's the way Barron's puts it:
AT&T holders are due to receive about 0.24 share of …
The grass certainly must have looked greener on the other side when CANIX tried to turn over a new leaf by converting to BUDX.
Converting [in Sept 2021 was] only logical for CANIX, which has easily outperformed popular cannabis ETFs such as MJ an…
Just out of curiosity can you try pinging www.morningstar.com and running tracert (Windows) or traceroute (Unix/linix)? These are run from a command line prompt, e.g.
ping www.morningstar.com
These tests won't show throughput but rather latency …
Barron's ratings article:
https://www.barrons.com/articles/fidelity-robinhood-best-online-brokers-ratings-51648162632
13. Vanguard. (I made that up.)
As Barron's noted in the companion piece, The Best Online Brokers for 2022: Tools to Cope With a …
If it helps any, the fund I just sold today at Fido is RPGAX
Actually it confuses matters, as the subject asks about funds paying quarterly divs, and RPGAX pays divs annually.
https://www.troweprice.com/personal-investing/tools/fund-research/RPGAX?W…
Failed banks are definitely handled differently. I worked with someone who in the 1980s sought out the highest yielding banks in Texas he could find. They were dropping like flies on a daily basis. But as you described, they closed on Fridays …
It sounds like you're talking about the fee table in Fidelity fund prospectuses. Is it prospectus disclosures you have in mind? I was not aware that Fidelity ever charged 12b-1 fees (outside of its Fidelity Advisor load funds).
For example, here'…
3 Ways to Get Better Yields than Bonds via Barrons… https://www.marketwatch.com/articles/bonds-yields-51648235275
“ Multi-Year Guaranteed Annuities.These are the equivalents of bank certificates of deposits, except that they’re sold by insurers. As…
I've always liked JENSX allocations but on principle I won't buy funds with 12(b)-1 fees unless there's a really compelling reason.
Not to get too embroiled in 12b-1 fees, but funds participating in NTF programs pay the same fees to the platform w…
He had the best record of Magellan (FMAGX) managers, both in absolute and relative terms, with an annualized return of 30.6% vs. 7.9% for the S&P 500.
https://greensboro.com/magellans-best-manager-the-envelope-please/article_287cfc10-6b68-5515-a…
Where are you looking? What I see is:
Transaction Fee $74.95 Short-term Redemption Fee Nohttps://www.schwab.com/research/mutual-funds/quotes/fees/vwinx
It looks like Fidelity is dropping all Flex funds below $150M AUM except for mid and small cap Flex funds, and except for its Flex Freedom Blend Target Date funds. Those have just $1M or less each in AUM. But since they're comprised of Fidelity…
No kidding.
The broad language of the Paycheck Protection Program (PPP) included condos and co-ops. (Generally, these buildings are explicitly excluded from such programs, but that exclusion was omitted here.)
Our property management company…
I try to avoid citing Wiki and Investopedia. On the rare occasions I do cite Investopedia, it is as a shorthand for something I might write, i.e. it encapsulates a point I'm conveying. I do not present these sites are authoritative.
As you're a…
There's no requirement that an you annuitize the entire value of your annuity. And even if your particular annuity contract requires that, so long as you haven't annuitized you can do a 1035 (tax free) exchange in parts - transfer some value to on…
contains the point, with a 'may', which I maybe should have included. Would that have really made all the difference?
Absolutely. It's the difference between saying incident X of action Y is illegal because Y is illegal, and saying incident X is…
But naked shorting is shorting more shares than there are in a company, and is unlawful.
This is going off into never never land with no sources. For example, the Stokes paper, given for "detail", does not say that a naked short must involve more…
Here's a good video explaining the lawsuit:
and the actual complaint (courtesy of that video):
https://www.classaction.org/media/verduce-et-al-v-vanguard-chester-funds-et-al.pdf
What I was saying above about the actual damages not being as large…
Certainly it doesn't make sense to talk up a stock before you buy it. But after buying it, you'd want to see the price rise. From that perspective, hyping it, perhaps even to the extent of making fraudulent statements, would make sense.
See pum…
Here's the page from which @bee's except was taken:
https://www.deepcapture.com/the-story-of-deep-capture-by-mark-mitchell/
naked shorters ... (it's flatly illegal goes the argument
Is naked shorting flatly illegal, or is that just one side's argum…
I try (less successfully than I'd like) not to let tax considerations drive my investment decisions. I agree with @LewisBaham to the extent that if one is executing such a maneuver, then one has a "free pass" to change allocations without (additio…
I greatly appreciate preannouncements because they facilitate YE tax planning - how much gain to take this year (or whether to recognize losses), how much of an IRA to convert.
But in terms of managing large distributions, the preannouncements are …
AFIAK (I'm not checking), none of the target date funds (or underlying funds, though that wouldn't matter) are index funds. Vanguard does not offer ETF class shares on non-index funds.
Their statutory prospectii are very clear. Distributions may be made
Suppose a fund had short term shares and long term shares with the same cost basis. And suppose Vanguard chose to sell the short term shares instead of the long term shares to ra…
would expect a ruling before this issue becomes a class action law suit
The suit was filed as a class action lawsuit. The cited piece reads: "The plaintiffs ... seek compensation for the alleged harm on behalf of a class of similarly situated inve…
10% gain ain't what it used to be, not after a 56% drop (Y/Y as of OP). That is, it only recovered 1/10th of its remaining value, so it's still down around 50% Y/Y.
March 16, 2021 to March 15, 2022: 43.45% of value remaining (per M* interactive c…
AMC tweet from a year ago:
"Protect your popcorn in a suit of golden armor ..."
https://twitter.com/amctheatres/status/1357071364805578752
Who ever thought they meant it literally?
Have you checked into who in addition to Giroux was moved from T. Rowe Price Associates, Inc. to T. Rowe Price Investment Management, Inc.?
[M]anagers who may have bounced ideas off a favorite analyst or a favorite manager may no longer be able to d…
