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 withdraw my comment about the M* basic fund screener. While it is free, the "category" performance data at the bottom of the results page is not for the specified category.
As near as I can tell, the category data posted on the clunky "repla…
The old fund quotes (summary) pages are gone from M*. (At least I can't find them.) If you mean the old fund chart pages, one would have to click on a chart's various time frames for each of the time periods. Since these charts/figures present …
These are all global equity funds. I suppose they are all sort of "allocation" funds in the sense that they allocate their holdings between foreign and domestic stocks. But that's not what's claimed on the page:
These funds seek capital appreci…
Deleting this seems to be another one of M*'s "simplification" "improvements". I looked for the page a couple of months ago and what you found was the best I could do. I believe there's a thread (or more) on M*'s boards about this, but it's been…
Second, what's the goldenness from early Jan 09 onward?
He used a standardized period starting July 1, 2009. Perhaps that was not crystal clear in the text, but he compared 10 year performance ending, as indicated in the chart, on June 30th. Th…
With 10 year data as of June 30, 2019, John Rekenthaler at M* writes:[Relative figures]
Vanguard wins the risk-adjusted battle, while Dodge & Cox retains its total-return title. Thus, given my preference for total returns as the prime measure of…
"T Rowe Price appears to have eliminated virtually all of the short term redemption fees it once was known for (as of April ‘19). I’ve had success recently taking profit from a couple international funds within 30-45 days of purchase following the r…
USAA recently "sold" their Investment division to Charles Schwab for $1.8 Billion. That's $1,800,000,000 in cash. USAA will transfer $90 Billion in assets to Schwab sometime in May 2020.That time is now. A banner on Schwab's site reads:
Welcome …
Nice basic portfolios. I find it interesting that he selected DODBX over VWELX.
As I've written in other posts, 2020 skews the figures. A 6% performance difference YTD is enough to make VWELX look better over any time frame. But this is (we…
Citibank Double Cash sort of pays 2%, but there are two catches. It credits only 1% up front, and credits the other 1% when you pay the charge. The other catch, according to scuttlebutt, is that if you make that payment before you get the bill (…
Using your "good until it wasn't" Pimco bond fund PONAX, one sees that DSEEX's performance since April 30th was roughly the sum of CAPE's and PONAX's. (Remember that DSEEX is leveraged for 200% exposure: 100% CAPE, 100% bond.)
See graph here. (…
2020 skews results. Some funds have done way better than their long term performance would suggest, LLSCX has done remarkably worse (99th percentile of mid cap blend category).
Looking instead at 1/1/2010 through 1/1/2020, LLSCX has done okay. N…
As I posted in another thread (regarding the SEC segregating personally identifiable information from a transaction tracking database), any press release should IMHO be read with a skeptical eye.
In the case of the ivermectin/doxycycline combo, all…
Although it is more common in closed-end funds, return of capital also occurs in open-end ones:
https://investmentnews.com/funds-featuring-managed-payouts-off-to-rocky-start-19815
https://investornews.vanguard/updated-distribution-estimates-for-v…
Called fidelity they says the have mortgage loans business loans/cars loans but need your 401k funds to hedge/collateral
Fidelity has misinformed you. A 401(k) can never be used as collateral. Think about it - the same reason why it is protect…
You can’t fake, manipulate or fudge a dividend payment by hiring a talented CPA.
No cash on hand? Pay a stock dividend, or perhaps better, pay it in scrip (IOUs).
https://www.accountingtools.com/articles/2017/5/16/types-of-dividends
No retained …
A brokerage doesn't have to partner with a bank. It can also partner with a "nonbank".These firms, which both originate mortgages and collect loan payments, have grown after the 2008 housing crisis, as big banks backed away from what was perceived…
Fidelity's page on Fidelity Rewards+℠.
https://rewards.fidelity.com/offers/rewards/rewards-wealth
It requires at least $250K combined in their wealth management programs and/or SMA strategies each having fees based on AUM.
Fidelity is also of…
The infectious disease physician from local hospital states
[...]what would you do if you have a patient with Covid 19 and there are no known treatments out there???*
So uncle trumpo may know something we dont. Little more knowledge than sleepy …
For 30% of mortgage holders it may be true. The WP article says that forbearance under the CARES act is only available to those with federally backed mortgages. That's70% of the market. The other 30% of homeowners may still have some protection…
he is responsible for the deaths of those people in Arizona that ate fish food
Don't forget the Nigerians. "three people in the country overdosed on the drug, in the wake of President Trump's comments about using it to treat coronavirus." This …
Y shares and I shares have the same ER, and Y shares have not been closed. So in a sense, this is a non-issue. See, e.g. this Fidelity comparison, showing Y open and I closed, with the same $2500 min (at Fidelity).
OTOH, if you're using a broker…
There's an alternate explanation. We may never know which, if either, is correct.
Trump may have gotten so rattled by the idea that he was exposed to people testing positive that he decided to swig the stuff. With doctor's permission.
They dis…
Yes, color me suspicious. Though in general, any press release put out by a company or organization must be regarded as an advocacy piece, aka "spin". Likewise for third party reporting based upon PRs.
The ASA news release on their website (lin…
The SEC exemption order being appealed provides a mechanism for the SEC to separate out personally identifiable information (PII) from its Consolatidated Audit Trail (CAT) database. As near as I can tell (I'm not inclined to dig too deeply into th…
It’s likely that the rich don’t even worry about RMDs because their wealth is not tied up in tax-deferred accounts
Well, some of the well to do. Then there are others ...
Romney’s personal financial summary, disclosed last August under federal e…
Why not basketball courts? Basketball involves close contact.
That's why De Blasio closed the NYC playgrounds. Too many people were unclear on the concept that "contact sport" involves contact.
Fidelity has an interesting operational thought. If your RMDs are taken automatically, then don't turn them off. You'd just have to turn them on again next year. Instead, keep the automatic system enabled, but set the RMD amount for 2020 to $0…
A minor point perhaps, but NYC beaches remain closed - Coney Island, Rockaway Beach, etc. The beach pictures shown are of New Jersey beaches.
Detailed NYC COVID-19 data and graphs:
https://www1.nyc.gov/site/doh/covid/covid-19-data.page
Keep in m…
I can't believe it never dawned on me that GEnworth had been part of GE.
I believe they were the last LTC provider to sell policies that you could completely pay for over a fixed number of years. More costly up front to do this, but it protected …
what's interesting is to not use longest time frame but to set the start date to 2007, so you're going into retirement at a very bad time. i did it w PRWCX. started with 1 mil and at the end of 2019 you had 780k with a max drawdown of 55%, at the …
https://www.barrons.com/articles/ge-stock-drops-to-another-new-low-51589490158
I know a lot of people don't have the subscription to read so I added some lines from the article below
The article isn't paywalled, at least for now.
Most of the column is clear and informative, but Dr. Wen starts out by collapsing steps (just as most everyone else has). "Have we formally retreated from a goal of containing covid-19 to one of harm reduction?"
She goes on to explain that between…
I've got another deep value fund that I've been wataching as well (TEQIX).
A Star From the Previous Bear Market Is Struggling in This One, Kinnel (Morningstar), May 5
https://www.morningstar.com/articles/982332/a-star-from-the-previous-bear-market-…
The fund is closing, not shutting down. Normally it's not surprising to see a fine performing small cap fund close. However, a fund with just $13M AUM (and a corresponding ER a bit south of 3%) would be more likely to shut down than to close.
P…
Full immunity is just a hope. Which, IMHO calls the into question the efficacy of vaccines once they are available. Longer trials will be needed to test that.
'No Evidence' Yet That Recovered COVID-19 Patients Are Immune, WHO Says, NPR, April 2…
The rule for taxing T-IRA distributions shouldn't sound too convoluted. It just requires you to do things proportionately.
Say that your total T-IRA value at the end of 2019 was $100K ($5K post-tax, $95K pre-tax contributions and earnings). The…
If I understand you correctly, there were a couple of years in which you had compensation allowing you to contribute to an IRA. But on your tax form, after taking deductions, exemptions, etc., you had little or no taxable income left against which…
If I invest in HY it's only for trade. HY is a hybrid product that usually doesn't justify itself.
We each have our own set of preferences.
Vanguard Research put out a 16 page report last June:
Junk or jewel? Assessing the role of high-yield b…
One need not go further than his first bullet item, confirmation bias, to see an example of his confirmation bias.
A reluctance towards establishing a common ground is already widespread in America. According to a 2019 survey, 70% of Democrats belie…
