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.
The $5 charge is for incremental (additional) purchases via automatic investment. An initial investment in a TF fund costs either $49.95 (for most TF funds) or $75 (for Schwab, Vanguard, and D&C funds).
But there's a way around that, by pu…
You can also use M*'s new "Interactive Charts". You'll find them on the home (quote) page for each fund. You need to click on the "Show Interactive Chart" button at the upper left of the graph shown.
While I prefer M*'s legacy pages for most pu…
Regrettably, simply creating restrictions doesn't seem sufficient, with all the scofflaws around.
57 members of Congress have violated a law designed to stop insider trading and prevent conflicts-of-interest
That said, I agree that the restriction…
Why not offer a N or S class that would allow D&C funds to be sold ntf at Fido, Schwab and Vanguard. I for one would tolerate a higher expense ratio to increase my access to these funds.
Fidelity already provides access to all seven D&C fund…
Online edition:
https://www.wsj.com/articles/jpmorgan-to-add-ukraine-bonds-to-debt-index-despite-war-threat-11644933115
The contrast between Ukraine’s rising geopolitical risk and JPMorgan’s decision to proceed with the inclusion reflects the burg…
While I agree that the scenario is unlikely, it's still a valid hypothetical question and I don't know the rule that handles this.
That said, I really like the idea of redemption in kind. Normally that's a pain for the retail investor, but here, …
It's hard to think of this as a mutual fund when 50% is in one stock. The other issue I could image is the potential tax liability if the fund starts experiencing redemptions and the manager has to sell appreciated stock. Given that, if one is a Tes…
@msf
I agree with the scenario you sketched out. How is that any different with any of the brokerages such as Vanguard, Schwab, Fidelity, etc?Those brokerages have SIPC insurance to cover uninvested cash. There is no window where the cash is uninsu…
I am surprised that Thornburg hasn't made it available as NTF/no-load at Fido and Schwab.
The TSAMX A shares have only been around for two weeks (per M*). Give it a few more days :-)
Even TSUMX may be a recent addition at Fidelity. M* doesn't yet…
I saw that already. I prefer to trust (no pun intended) legal documents over marketing literature.
In any case, there's a difference between handing money over to a bank and having that money sit in an insured account. If the money is in an …
According to the account disclosure, cash gets FDIC coverage when it is swept into Happy State Bank, which happens on a daily basis:
you authorize and direct GoldStar Trust Company (“GoldStar”) to deposit any uninvested cash held in your IRA/ESA int…
msf & stayCalm : Did you happen to read crypto hack 2016 I posted in OT ?
I've stayed away from OT for quite some time. The Yahoo article says that the exchange (Gemini) was not hacked while the self directed IRA custodian acknowledged that "an…
As with fintechs, there's a window between the time cash goes into the account and it is swept into an insured bank when it is not insured.
For example, here's a long piece from DepositAccounts.com quoting WealthFront:
While funds are at Wealthfron…
The SEC has rules for diversified vs nondiversified funds. BPTRX is nondiversified.
In the 1940 Act, Congress defined a nondiversified fund simply as one that didn't meet the requirements to be called diversified. Just a basic partitioning of the …
an account labeled “Benjamin Choe'' began withdrawing bitcoin, ether and U.S. dollars from user accounts. One user said he lost 13 ETH, 1 BTC and thousands of dollars in a matter of minutes
Crypto may have been the bait, but the theft wasn't crypto-…
Or one can go to the (virtual) library, read, and even download a copy for personal use.
The gist seems to be that on the one hand, regulations have tamped down risk quite a bit. On the other hand, there's still a lot of leverage in the market. …
Something that pops out when one looks at these funds is that they all had management overhauls within the past couple of years. M* lists each fund's average manager tenure as just one year. The former managers of these three funds, Christopher V…
Were you asking Fidelity to transfer cash (ACH) from a mutual fund position at T. Rowe Price, as opposed to transferring money from a TRP cash (brokerage transaction/core) account?
Transferring cash from a mutual fund would trigger a redemption, an…
Also, fiscal years can have any starting and ending date. But if one hitches one's horse to a calendar year, then one is stuck with, well, the calendar year. So the latter half semiannual (calendar) 2021 would thus cover July-Dec 2021.
Like in t…
JHQAX is arguably superior [to CHIEX], but closed to new investors I believe.
JPMorgan expanded capacity by "cloning" the fund. But the clones (JHDAX and JHTAX) operate out of phase with the original, so they're not competing for the same secur…
Thanks for the reminder about PURIX.
"Publicly available information on Fisher's funds and strategies showed mixed performance.
The Purisima Total Return Fund, for example, returned well under half of the S&P 500 Index
in its final 10 years bef…
The source of the image is not TRP. So any problems are independent of TRP.
The link (not even a URL) that appeared in bilvihur's post was: "[url=https://ibb.co/5G8wVJz][img]https://i.ibb.co/4KT3x0D/Capture.jpg[/img][/url]
The URL I extracted f…
Just to be credible, this is what I saw when I logged into my account this morning:
Is this what you were trying to display?
(Click on "quote" to see the source of this post including the raw HTML - I extracted the real URL from what you ente…
I have not been paying attention (again). Somewhere in the mid 2010's, Janus' INTECH funds dropped the INTECH part of the name. There are at least four remaining Janus Henderson funds submanaged by INTECH. Their status is now apparently in lim…
If an investor does a tax-free conversion of one share class of a fund into another share class, e.g. investor class to admiral class, there are no tax consequences.
But if an investor sells one fund and buys another, even if the second fund is a c…
unusually high capital gains ... has ... drawn scrutiny from regulators
debate over whether target-date funds are suitable for taxable accounts
The high Vanguard distributions were the result of a technical change Vanguard made. It lowered the mi…
I bought ENIC using my TRP brokerage account. On Friday, they PAID a very small "interim" dividend. It's still not recorded in my sweep account.
[...]
.....But it's not there....... yet. ORK!
Are you sure that the ADR div has been paid?
Here's …
Going further, Thomas Rowe Price, Jr., after founding the company in 1937, sold all his interest by 1970. So while I'm sure he raised a pretty penny from those sales, he and his heirs may have a greater total return in the 52 years after that than…
Not sure this adds much to the conversation, but since a link to this M* column hasn't been posted:
ARKK's Claims of an Anti-Innovation Market Ring Hollow
ARK's portfolio manager Cathie Wood has taken to the airwaves and penned a blog to say the str…
Wow, top of the (initial release) line!
https://en-academic.com/dic.nsf/enwiki/18042
Could one even buy a used Model 50 in 1975 (when Vanguard was founded) or later?
My mother programmed on the S\360 Model 30. She also ran sysgen's for the OS.
Vanguard and FIDO were ready mid-January
some brokerage houses invest in mighty computer resources to crunch their numbers
Surely you're not suggesting that Vanguard mightily invests in computer resources :-)
Some institutions provide investment account 1099s slightly early, i.e. in the fourth week of January. Vanguard sent me email yesterday (Jan 26th) saying my 1099 was available online. Though Fidelity originally said that it would provide the 1099…
By weekly or monthly peaks do you mean simply a rollup or summary of each week's values that shows the highest intraday (instantaneous) value achieved during that week? I'm not sure if that's what you're looking for since you add that intraday data…
SP500 is about 9% off its last peak so this isn't even technically a correction yet.
The S&P 500 ended with a 0.3 percent gain, but not before plunging to a point where it was more than 10 percent below its Jan. 3 record. That kind of drop, cal…
Sources?
DepositAccounts reports:
Ally Bank - 769 customer reviews, 3½ stars
Discover Bank - 231 reviews; 3½ stars
Marcus - 198 reviews; 2½ stars
If we're talking about personal experience, I've been a customer since before Goldman Sachs renamed i…
When I saw "up to 9 withdrawals per month", I was wondering if you read the number upside down :-) As AMEX explains, there used to be a federally mandated limit of six. After that legal restriction was lifted banks were permitted (not required) …
Odd, the third result returned on my search for Champion Oppenheimer turned up this SEC summary of the settlement and what the issues were:
https://www.sec.gov/news/press-release/2012-2012-110htm
Just skimming, it sounds like Oppenheimer made mater…
There were two different issues:
1. Frequent trading - the funds, in violation of their prospectus, allowed only certain investors to trade frequently. That's different from your example, where everyone has the ability to trade the same way. You…
When you sell a share in the secondary market, the buyer is not the fund but another investor. There's no churning of fund assets.
The only time fund assets of an ETF rise or fall is when an authorized participant (AP) buys or sells shares. For …
