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.
I can't buy PIMIX in Fidelity 401k...Grrrrrrrrrrrrrr! I get so disappointed when that happens...it happens a lot!
If your heart is set on Pimco Income, you may be able to buy the somewhat more expensive institutional I-3 share class PIPNX in your Fi…
Many years ago, one could get into MWTIX at Fidelity at mere mortal mins (not the current $3M). With the lower ER of MWTIX, the fund might be worth holding. But between the higher ER of MWTRX, the fact that Rivelle will be retiring next year, an…
There are never any early redemption fees on Fidelity funds.
Fidelity has two different sets of policies. One on non-Fidelity mutual fund transactions and one on Fidelity fund transactions.
- Make too many (two) short term (within 30 days) round…
(This is a 403b, so hey, I wonder if you can sue TIAA for not automatically moving the RMD each year into some nonretirement cash account ... assuming they did not.)
Assuming the relative tried to sue, "failure to mitigate" comes to mind. (Not adv…
By law, "[t]he standard Part B premiums are set to cover 25% of projected average per capita Part B program costs for the aged, with federal general revenues accounting for the remaining amount."
https://sgp.fas.org/crs/misc/R40082.pdf
However, for…
there’s a fee wavier which appears to drop the ER down to 0.29%
As strange as this may sound, you're reading it backward. The gross ER is 0.29%, while the net ER, after accounting for fee waivers is higher, at 0.31%.
This is because the waiver c…
Nothing like transposing characters. My error.
Looks like a pretty good fund. The only thing that jumps out on a cursory look is that it is very deep into junk bonds - more than half are B rated, another nearly 10% below B.
The higher rates only benefit newer issues (at higher rates). The existing holdings (that have lower rates) become increasingly less attractive.Even if the fund holds floating rate securities / adjustable rate mortgages?
Possibly. ARM funds were …
Especially since it's 1.1% higher than one would have gotten had the SSA used CPI-E to compute COLA.
The cost of transportation soared; no other category went up 4% or more. The category with the lowest Y/Y inflation was medical care, at 0.74%.…
M* classifies TIAA-CREF Lifestyle Income Fund as a 15%-30% allocation fund. In the summary prospectus, TIAA benchmarks the fund against M*'s Conservative Target Risk Index, which is a static 20/80 index.
https://www.tiaa.org/public/investment-perf…
The CPI-W data above has been updated to include September. You now have all the data necessary to calculate exactly the 2022 COLA. Be the first on your block with the number.
The Consumer Price Index for Urban Wage Earners and Clerical Workers …
Regardless of when SSA makes its official announcement, because COLA is a derivative everyone will know its value the instant the final underlying figure (CPI-W for Sept 2021) is released.
We already know exactly when that will be:
Next Release
S…
The list is so obviously a screed (at least the URL contains "editorial") that its best function may be as a quiz for tax wonks: how many errors can you spot?
Example: Excise Tax on Comprehensive Health Insurance Plans, i.e. "Cadillac" plans
The Ca…
A different topic, not related to the Vanguard Target Retirement funds (such as VTINX). You might start a new thread to get a variety of opinions.
FWIW, Windor was mediocre through Neff's last decade, barely pacing its peers and falling significan…
If the 32% allocation I suggested for MWTRX as a substitute for MABDX doesn't work for you, just find another. For example, I chose not to suggest BCOIX because I preferr to diversify managers. You might feel differently. There is variety of g…
Double counting, missed items, a pretty nonsensical list.
The first four men in the bar supposedly pay nothing because in this hypothetical, they pay in proportion to the taxes they pay. So I guess they pay no sales tax for anything?
Quick thoug…
Each metric has different meaning and value to each investor
Yes, though my question was what the metrics mean to you. Certainly the approach you described (for the maximum acceptable pain, maximize return) makes sense. That's essentially what t…
Are you sure about the drawdown dates? Unless you were using incubator figures, the MARMX drawdown couldn't have begun Oct 2007, because the fund's inception date was after that, on 11/5/2007 (from SAI).
The 2008-ish maximum drawdowns I see for e…
That piece is arguing that at best, VWINX will fall less than other traditional funds, e.g. since it leans toward value¹. That's in contrast to funds that are designed to benefit from inflation. Which is why I felt that it doesn't make much sens…
While I'm a big fan of VWINX, I don't feel that comparing it with funds that are very different in composition is quite cricket. VWINX has had a 40 year tailwind (falling yields), while real return funds have had a headwind over the same time fram…
I'd be inclined to pass on MARMX. If you really want to purchase it, it's available through some annuities, e.g. Mutual of America's individual retirement annuity (IRA).
More completely: The Investment Company offers shares in the Funds to the In…
Paul Harvey? Boy, you are old! :)
Maybe not.
"In late August [2001], 83-year-old broadcasting legend Paul Harvey returned full-time to radio land. For three months, he'd been out of commission thanks to a lingering virus that zapped his once invin…
IMHO there was no obvious point at which most people would say they would have sold TPINX, yet most people would have sold at some point. It seemed that this was a good fund to illustrate how one's sell discipline worked in "real life", given that…
You're right that JAAA tends to move a bit more in tandem with stocks (R² of about 0.5) than the other ultrashort term bond ETFs I mentioned. Though there's not much default risk in AAA tranches of CLOs (vs CDOs).
On the upside, there's that hig…
I may have missed it, but Wells Fargo Asset Management was spun off as well. Changing the fund names is just part of this larger change. WFAM is becoming Allspring Global Investments.
https://www.prnewswire.com/news-releases/wells-fargo-asset-m…
This will be a sibling to Janus Henderson's AAA CLO, JAAA. Both funds are managed by the same pair of managers.
I'm wondering how a fund like this would compare with bank loan funds. CLOs are generally bundles of senior bank loans, sliced and d…
Basically, yes, it just amounts to a savings of a few basis points for retail investors.
I'm not sure why the cited article implies that all the retail target date fund ERs are the same 12 basis points when according to Vanguard they range from 12…
For most investors, the main news of significance is the merger and lowering of ERs for the retail Target Retirement Funds. The Institutional Target Retirement Funds really are for institutions only. And the Target Retirement Income and Growth Tru…
This shows that there's more than price or profits that go into deciding when to sell.
As I recall, you were far from alone in reacting this way. So don't take the following data as a personal comment, or as something one could have predicted. Hi…
There's a difference between liquidating a fund position because one has lost faith in the fund and adjusting the holding because of performance. (Part of the original question included the example: "sell 25% of holding for each 20% gain in a year…
I suppose one has to pick one's vices.
In addition to the vices covered by this ETF, other sins include tobacco and arguably food (when taken to excess). OTOH, I'm not quite sure where pharmaceutical companies come in (oxyContin excepted).
If …
I appreciate the honesty of posters acknowledging losses as well as gains: you win some, you lose some.
One theory of market timing, and let's be frank here this is timing, is that while it may not improve returns it should reduce volatility. One …
I'm wondering if I didn't communicate well here. I asked two simple questions, and then used data to illustrate their significance. What I didn't do was state why they matter; I only illustrated that.
1. Source of cash.
One may have cash si…
Since people were writing about the current "dip" (less than 4%) I used current data. I would have gone back only through 2021 except that there was no dip in 2021 worth mentioning. So I looked at a full year (12 months of monthly investing).
…
BTD sounds good in theory, but then so does "buy low, sell high". Easier said than done.
1. Where does the cash come from?
2. When does one pull the trigger, i.e. how much does the dip need to be to buy?
The examples below are not intended to "…
I was primarily suggesting that given substantial confounding factors, there's not much that can be inferred about the utilities industry from the way it behaved in the 70s. At least not without a lot of work and guesswork that I didn't provide.
…
This name change would concern me if I held the fund (JNSTX).
The SEC says: "The Division takes the position that a 'short-term' ... bond fund should have a dollar-weighted average maturity of ... no more than 3 years."
https://www.sec.gov/division…
I'm not sure about 1968 - 1981, but between 1973 and 1980, while the stock market roughly doubled utilities, well, roughly doubled.
Over the indicated periods, $100 grew to:
Utilities: 1973-1989 $711 (7x), 1981-1990 $352 (3.5x) => 1973-1980 2x
…
