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.
Aside from small or boutique funds, portfolio managers are often assisted by research analysts. That's understood. So adding support may be little more than that - adding two analysts and three others with PM experience doing what could be analyst …
I view prospectuses as notorious for obfuscation, aiming at ambiguity and saying as little as possible. Are there really five co-managers here? If so, then how many co-managers are there on PRWCX? Its prospectus has nearly identical wording aside…
Is it worth the bit of extra work? Personal decision, I guess.
That applies to any mechanism or platform. If you're willing to use Firstrade, CBLDX is available ($5K min, $100 additional) without a fee. Or you could invest directly with Crossing…
For @msf and others interested in CC travel insurance, just came across this:
Credit Card Travel Insurance Study
In summary, according to their metrics, out of 98 cards top 3 are:
1. Chase Sapphire Reserve - best for Travel Accident Insurance
2.…
interesting CC usage strategy:
how-much-cash-back-can-you-earn-from-rotating-category-king-cards/
Interesting piece. Of course to achieve the theoretical maximum benefits possible one could simply get the highest paying card in each category. (Wh…
Alternatively, one could get a BofA Customized Cash Rewards, put $100K into BofA/Merrill - I agree on the latter being "passable" - and have an actual cash back rate of 5.25% Travel / 3.5% Grocery & Club / 1.75% Others up to $2,500 / quarter w n…
should we just go the scotus route and slowly\effectively privatize?
On the civil side, us common investor folk are already there. For example, here's Fidelity's predispute arbitration agreement where we give up our rights to sue in court.
https:/…
@msf I did some digging on U.S. Bank website and it looks like you might be able to get away with $50K IRA balance to avoid the $50 annual fee on their upcoming Smartly Visa.
This may need to be verified, but it seems like if you enroll in the fre…
For Verizon cellphone customers I call attention to their black Visa card (Synchrony), as for all food-related purchases, gas, and Vz purchases (including Fios service) it gives you 4%
That's interesting. Verizon gives a $10 or $20 discount when…
Since Symantec VIP is only installed on my desktop computer,
I can't comment on mobile versions of the app.
I'd prefer Fidelity support hardware authentication devices (e.g., Yubikey)
There is a pure physical authenticator that Fidelity currently s…
My city charges 2% for CC property tax payments. Even with a Fidelity card (2% cash back), I would come out ahead.
Say my tax is $100. I would be charged $102 and get 2% of that back, i.e. $2.04. Not a big win, but a win none the less. Add in …
MOAT has good amount of turnover and I do not recall it ever having a cap gain distribution
The implication being that significant turnover such as that caused by a change in index being tracked does not necessarily result in an ETF recognizing cap…
I've used Fidelity's Rewards Visa for approximately 8 years.
I appreciate that it offers 2% cash back on all purchases so that the cardholder
doesn't have to contend with varying cash back rates in "revolving categories."
Hence my interest in looki…
As with Fidelity, you'll get less than full value from the card if you don't redeem points into a Robinhood account (or spend the points at Robinhood). Not a big deal if you're a Gold member already.
I also tend to discount the value of points ear…
If this Bogleheads post is credible, that ETF likely was VIGI / VIAAX.
As an illustration of how well ETFs can avoid capital gains, Vanguard has had only three years in which its diversified stock ETFs distributed a gain.
Vanguard FTSE All-World…
No objection to broadening the scope of the thread. We should consider the pros and cons of mechanisms providers offer and/or require us to use for security. Including how they can be defeated, both by friends? (Verizon) and foes.
One of the ins…
Vanguard’s patent is for index funds only
Though there were no actively managed ETFs at the time the patent was issued, that doesn't mean that the patent is necessarily limited to index funds. The patent claims (11 and 12) cover both index and acti…
I may have misread your question (or your intent). I focused on intra-day price because it always bothered me that sites like M*, stockcharts, etc. provide total return figures that depend on assumed reinvestment prices for ETFs and stocks.
You'…
To clarify: you've enabled money transfer lockdown and when you start a transfer Fidelity prompts you for a security code? You select to receive the code by voice (i.e. an actual call where the phone rings) and it comes through on your Verizon FiO…
Ultimately it comes down to the market. Whether Schwab and Fidelity reinvest your own dividends at some fixed or random time of day, or give you the average cost they get for all reinvested divs, or use some other algorithm, it's the vagaries of th…
Verizon continues to block the number that Fidelity has been calling me from. Except for one brief shining moment a couple of days ago when Verizon tagged it as SPAM?? but still let it through.
Today Fidelity got a call past Verizon by using a di…
In case anyone case about billionaire horseraces, Fox Business reports that Truth Social is now worth more than "X".
https://www.foxbusiness.com/technology/truth-social-parent-company-trump-media-worth-more-elon-musks-x-election-day-nears
But as …
Trading was halted five times this morning.
Interesting NYTimes article on hedging and politics:
When a good crop means survival and a bad one can wipe you out, it makes sense to hedge — by buying futures contracts that will ease the pain if your o…
FSAEX doesn't seem to be used much, regardless.
FFFAX allocates 9.69% to US equities; 0.34% of its total portfolio is FSAEX
FRBDX allocates 50.73% to US equities; 1.83% of its total portfolio is FSAEX
Not surprisingly Freedom index funds don't in…
The second item (incentive program) seems to be primarily changing the name of Janus' incentive program for new investors. That is, for people signing up to contribute at least $50/mo for two years. It is now called "Ready. Invest. Go." Janus …
Another possibility - multiple sources (with different sampled populations), multiple definitions.
Americans believe they need to save an average of $1.8 million for retirement,
From Charles Schwab, presumably but not necessarily Schwab customer be…
An online cash transfer was initiated
Presumably initiated from the Schwab side. If it were initiated from the credit union side, Schwab wouldn't know about it until the money hit. At that point it would be immediately available.
Fidelity also …
M* doesn't report a YTM for RPHIX (or for many other funds). Likewise, it doesn't report yields for many ETFs (e.g. VXUS).
The YTM field is not described in M*'s documentation for its fund portfolio page.
https://awgmain.morningstar.com/webhelp/g…
Thanks! That was stupid of me, I even have a view like that set up for exactly that purpose. Though I hadn't included the 30 day SEC yield column before.
Definitions matter. If you look at the M* SPAXX page I linked to, under the "Performance" …
You are correct. In the way that matters - what buttons you press. You do just place a single order to buy a Vanguard fund with outside money. Though the verbiage I'm reading seems to suggest that under the covers Vanguard is automatically "la…
Well, that's unambiguous. The Vanguard page cited in that piece gives another downside to the transition. Instead of being able to purchase funds directly from an outside bank account, you must first move the cash into a brokerage account and fr…
And 7-day for SUTXX at Schwab is 4.68%, YTD = 4.08%, also as of 10-25-24.
That's about the same as FSIXX (4.69%), available at Fidelity w/$1M min, or at Merrill w/$1 (sic) min.
https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateShe…
If M* can be believed the SEC yield for SPAXX is 4.31 to 4.29 for RPHIX though the total return for the latter is still slightly ahead.
30 day and 7 day SEC yields measure different things.
The yield for MMFs including SPAXX is the average curren…
@Crash - you don't name your two funds here. But the only taxable bond fund with a 2.49 year effective duration (per M* screener) is TUHYX. The only bond funds with a 2.68 effective duration are PRCPX, RNOTX, and MHCAX.
Ultra low volatility? F…
@msf In your scenario it makes a bit more sense, but in my case it was more like I had a limit for 200 shares @ $50, got filled for 100, and the next trade came in for 50 shares @ $49.90. So my standing order could have absorbed the entire block wit…
Nice find. It looks like you hit the sweet (or target) spot - high risk relative to ultra short bond funds (of which it is one based on duration), but low risk relative to short term bond funds.
A fund that's somewhat similar in performance and ri…
Suppose an "all or none" limit order comes in to buy 100 shares at $50. Then you place a limit order to buy 130 shares at $50.
30 shares come on the market that meet your $50 offer price. Your order is partially filled at $50, leaving a part…
As I read this, Vanguard is closing legacy platform access to advisors, not to direct investors. Note the title: "culling" not "cutting".
“There are some cases where I think people do lose some functionality” by switching to the brokerage account,…
If M* can be trusted:Sometimes a picture paints a clearer picture. WCPNX has more volatility than others with less return to show for it. I'm sure it is a fine fund, Weitz is a good bond house. It's just that M*s glowing statistics compared to picto…
