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 fund is changing focus from opportunistic ("event driven") value investing to intrinsic value investing, and adding an explicit requirement that 65% of its portfolio be invested in income-producing securities. As it migrates its portfolio, it e…
They say a picture is worth 1,000 words.
I had observed "Actually, if both April and May numbers were adjusted as suggested (to 19.7% unemployment in April and 16.3% in May) the reduction in unemployment, such as it is, would be 3.4%, far better…
TRMCX is now open. A spot check suggests that it remains closed at most brokerages.
Closed: Fidelity, Schwab, TD Ameritrade, Vanguard
Open: Merrill Edge (according to its website)
Here's TRP's page showing funds that are closed, and funds that w…
I was addressing the comment: "Perhaps the lith-ion battery, which elicits environmental concern, has encountered some new recovery tax or delivery fee?"
A quick search turned up these couple of paragraphs:
Li-ion and most other chemistries yield …
If inflation is an individual matter, than shadowstats must be wrong because it is no more individualized than the CPI-U data it purports to be improving upon. This view of inflation as purely personal doesn't support rono's suggestion that shadow…
I finally tried this out a week ago. A nuisance to trade on a mobile device (the only platform Fidelity supports for fractional shares). But since I had already loaded the application to deposit the infrequent paper check, it wasn't that a big d…
See my comment here.
How do we know the published job numbers are not fabricated?
It appeared there is a miscalculation from BLS, and the actual number reported is 3% higher than that of April number. Taken that in its totality, the employment pict…
Why all the agitation over BLS misclassification errors this month, when similar ones last month were arguably worse? Something that @Rbrt pointed out.
Actually, if both April and May numbers were adjusted as suggested (to 19.7% unemployment in A…
AFTER President Lyndon Johnson signed the Civil Rights Act of 1964, he reportedly turned to his press secretary and lamented that Democrats “have lost the South for a generation.” Johnson's judgment was optimistic.
The Economist, Nov 11, 2010. htt…
Lipper, unlike M*, does have all-cap (which it calls multi-cap) categories. Lipper concurs that ZVNBX is a multi-cap growth fund. Top rated (5) for all attributes except preservation (rated 3) - no surprise there.
You could purchase one of the Zevenbergen Funds (Growth or Genea) investor class for $2,500.00 which is the same for the "A" class of Virtus Zevenbergen Innovative Growth Fund minus the load (maybe different if using a brokerage). Both Growth and Ge…
It should be obvious to all peace loving protesters that they need to do all of their marching and chanting in the daylight and go home for supper and stay there. There will be another day, tomorrow, but not if you are shot. Unfortunately there is …
Looters strike several NYC stores — but curfew appears to curb chaos (NY Post)
https://nypost.com/2020/06/03/looters-strike-several-stores-in-nyc-but-curfew-appears-to-curb-chaos/
Looters struck in Manhattan again on Tuesday, though the damage appea…
Typo. The Timothy Plan fund in Israel is not TPIAX, but TPAIX. Israel Common Values Fund.Timothy Plan’s Israel Common Values fund invests solely in companies either domiciled or incorporated in the country of Israel. One of the only funds of its…
For those who absolutely must have an Israel fund, be of good cheer. There's still TPIAX (NTF at TD Ameritrade). 60 stocks instead of 30, $70M AUM instead of $6M.
Years ago, before AMDEX started, there was an Israel fund managed by David Herro.…
Sure, feel free. You might want to make a slight edit - in place of my reference to Lewis' link to the prospectus, you might insert the link itself.
And thanks for asking first.
Fact sheets (compare and contrast before and after):
http://web.archive.org/web/20190411093154/http://alphacentricfunds.com/funds/IncomeOpp/FactSheet.pdf (4Q2018)
http://alphacentricfunds.com/funds/IncomeOpp/FactSheet.pdf (1Q2020)
A few things s…
"For some reason the above link is not working"
It doesn't have a colon between the https and the //
(seeing things like this is a problem with using tiny screens)
Thanks for the clear post highlighting the apples and orange comparisons that appear in the popular press, the low quality of some data, how different figures are collected, etc.
"the 100,000 covid deaths for the most part are actual culture positi…
See 11 USC 547 - claw back provision of the Bankruptcy Code. It's something I pointed out when I was in a small company going bankrupt. Not as advice, but as a suggestion for the company to check with its lawyers before assuming all payments tha…
Here's what the categories return page used to look like (links work but sorting doesn't). Capture is from Nov 14, 2007.
https://web.archive.org/web/20071114083442/http://news.morningstar.com/fundReturns/CategoryReturns.html
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…
