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.
RPHYX of course now closed.
Here's the August 24, 2021 supplement to the fund prospectus:
August 27, 2021 (the "Revised Closing Date") ...
After the Revised Closing Date, the following eligible investors may also open new accounts:
· New shareh…
reserving the right to reject orders exceeding ...
You were given imprecise information. Fidelity, like most fund sponsors, puts in boilerplate allowing them to reject any purchase, including a purchase via an exchange if they feel it would disru…
I don't believe that funds can outright reject redemption orders (though they can postpone orders as was done in Sept 2001 when the markets were shut down). However, funds can place restrictions that might trigger on large orders. It is easy to i…
No deductions. None. And I assume the tax applies to all income. For all taxpayers including businesses, which is the subject of this thread.
So we eliminate the deduction that mutual funds get for passing through their earnings to investors. …
LMZIX is (pardon the redundancy) BrandywineGlobal Global High Yield, as opposed to BGHSX, BrandwineGlobal High Yield without the global in the fund name. Two different funds.
Fidelity charges nothing to sell TF funds. However, as Crash noted, B…
The separate currency is a point in favor of viewing Macau bonds as different from Chinese bonds. (Puerto Rico's bonds are a different story.) On the other hand, Macau's government seems substantially subservient to mainland China, raising doubts…
It's difficult to find US vs International % exposure on M*
http://portfolios.morningstar.com/fund/summary?t=HYSAX
(substitute your favorite ticker for other funds)
One does need to be careful with definitions, though. Apparently M* thinks that …
Firstrade was founded in 1985 by John Liu under the name First Flushing Securities. ... It has been overseen by founder and CEO John Liu since its beginnings as a financial services provider for a diverse customer base in the Flushing neighborhood …
M*'s methodology does have a recent (read: three year) performance bias. It averages a fund's three year, five year, and ten year ratings. Since the three year performance is part of the five year and ten year metrics, those recent years get wei…
Is there any chance you could buy a similar fund at Fidelity, just to be on the safe side ?
You can buy TSHIX with a $2500 min in a Fidelity IRA though there's a transaction fee.
Alternatively, TASHX is available NTF.
We've seen this before:
There was once a king in India who was a big chess enthusiast and had the habit of challenging wise visitors to a game of chess. One day a traveling sage was challenged by the king. The sage having played this game all his li…
Your post helps tremendously in understanding what you're thinking about. Much appreciated.
My head is full of loosely connected thoughts that would take too long to organize coherently now, so I'll just toss out a few for the moment.
I like BLS…
Since 10 year rules, inherited accounts and 401(k)s have been mentioned, I'll throw in another technical detail:
A lump sum distribution from an employer sponsored plan inherited from a participant born before 1936 can apply 10 year income averagin…
I’ve been looking at this issue myself and there’s one important wrinkle to keep in mind. While you can take your total RMDs from any or all of your affected accounts, the accounts must all be of the same type. For example, if you have both IRAs and…
Continuing on to #4:
4. Use the life expectancy withdrawal method
The life expectancy withdrawal method determines your annual RMD by ...
For all of us, this can be very confusing.
I take exception to that statement :-)
since they started 'adjusting' them in the 80s.
CPI figures have been adjusted since day one (1919). In 1921 the government cobbled together a national figure from an unweighted average of 32 city figures.
https://www.bls.gov/cpi/additional-resou…
My initial objection was to the assertion as to the reasons for the removal of home prices, nothing more.
You not only objected but offered an alternative explanation regarding the CPI-U calculation. My comments pertained to that alternative expl…
Two petty technical points:
- You're supposed to calculate the RMD for each IRA and then add them together. Usually that comes out the same as adding the values together and then dividing, since:
$A / N years + $B / N years = $(A+B) / N years.
B…
The Barron's quote of Carson which elicited your comment was about how including home costs in the CPI-U would make that number much higher. It concerned the CPI-U, or what Carson calls "the official price report".
You posited (in)frequency of…
Why should rare years-apart purchases be included in widely impacting run-of-the-mill inflation calcs? ...
Do you disagree with the BLS for including the prices of new and used motor vehicles in its CPI calculations?
It's a continuum, arguable, d…
Rather than spend a fair amount of time searching for an ratings agency (NRSRO) default report, I'll just refer you to M*'s figures. In Exhibit 2 on p. 4 of this M* paper is a table that includes "default score" by credit rating. Those aren't de…
The answer depends on what you mean. If you are asking whether you can instruct Fidelity to (a) compute your RMD for each account, (b) add those figures together, and (c) schedule an automatic withdrawal in that amount from the IRA account you spe…
The inflation headline statistic is 5.4%. 5.9% is the adjustment for SS. That affects only SS receipients. It is based on CPI-W which is different from the marquee inflation metric CPI-U.
https://www.bls.gov/news.release/pdf/cpi.pdf
As I pos…
Here's the index methodology statement. Lots of buzzwords like "Expert Council", "deep domain knowledge", "immersive", "fiat on-ramps", etc. Proprietary of course.
https://www.ballmetaverse.co/methodology
When there is a shortage of chips to fall where they may, their prices may instead rise:
https://www.zdnet.com/article/hunker-down-the-chip-shortage-and-higher-prices-are-set-to-linger-for-a-while/
The Economist: “House prices were included in America's CPI between 1953 and 1983 before being removed. This was partly because indexing benefits and pensions to inflation had become expensive and some politicians wanted to bring measured inflation…
From the linked page:
The basic formula for the total transaction price used in calculating the new vehicles price index is:
Base price of new vehicle + transportation to dealer + total price of packages & options + dealer prep and miscellaneo…
>> owing to political and statistical issues
This is silly, or at best tendentious. Why should rare years-apart purchases be included in widely impacting run-of-the-mill inflation calcs? Go read the many articles posted here about what the '…
Yes, that's it. Fidelity's EV and Future Transportation ETF. You can find the its daily holdings here (click on the Daily Holdings Report tab).
Though we don't quite know what's in the index it tracks, since the index is proprietary and the fund…
Um, yeah, and I'm kinda thinking EVs and Future Transportation are a wee bit more than just the next "hot" investment idea. I'm kinda thinkin' EV's (and whatever else comes next/with them) are gonna be a HUGE part of the LT future of transportatio…
And you certainly do not want to mis this article:
The ESG Movement: The 'Goodness' Gravy Train Rolls On
I agree with the given caveat, not only in this context but generally, "For any variable, no matter how intuitive and obvious its connection to…
For clarity: I mentioned the $5 automatic investment feature for transaction fee funds because some people are familiar with the tool in that context.
When used to purchase Fidelity funds (which have no TF) it exempts the purchase from the round…
M* does not seem to think as highly of this fund [MWFRX/MWFLX], based on its fund analysis commentary.
That would be M*'s artificial "intelligence" program. The one that doesn't like MWFLX because while its "view" of the fund's process is above a…
Calamos Market Neutral Income Fund (CMNIX / CVSIX / CVSCX)
https://www.calamos.com/globalassets/media/documents/tax-center/calamos-market-neutral-income-fund-estimated-2021-capital-gains.pdf
Estimates for all other Calamos funds will be available N…
Outstanding piece. Objective, matter of fact tone, well organized, explains the situation.
Even in the best of times, some people can benefit from the help of an advocate simply to walk them through a benefits process. Unfortunately, and as …
Here's an NPR piece about how Ford raising his workers' wages helped to create the middle class. It concludes with the statement:
[A] century after Henry Ford started paying $5 a day, it's not at all clear that today's employers and workers can re…
I've cited this2017 M* piece before, but it's worth mentioning again. It expounds on what your wrote.
https://www.morningstar.com/articles/834221/is-pimco-income-the-new-total-return
Are you asking why the beta is so low in magnitude (since the price moves sharply, one might expect the beta to be higher), or why it's that high, or even why it isn't negative (since the US market has trended up in the past few months while ENIC ha…
It was a nice clean calculation (+1).
One needs to read the source cited for the estimated 2022 premium to discover the ultimate source. That's the 2021 annual report of the Medicare trustees.
https://www.cms.gov/files/document/2021-medicare-trus…
