government

5 Medicare Changes Arriving in 2022

Medicare comes with additional options – and higher costs – this year. Here’s a look at what’s changed.

What is BitClout and How Does It Work?

Reputation is, in some sense, the ultimate asset — it’s associated with an individual person, it can be degraded quickly and it’s hard to build up, but once it’s established, can be converted into all sorts of value. This is where BitClout steps in. BitClout, also known as DeSo (which stands for “Decentralized Social”), is […]

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Primecap Odyssey Growth Has a Rough Year

The managers at Primecap Oydssey Growth (POGRX) like to focus on what they do best – pick stocks – and they typically don’t talk to reporters.

So once a year, when the fund’s annual report comes out, we read every word. Over the past 12 months, Kiplinger 25 member Odyssey Growth gained 12.7%, which trailed the 24.7% gain in the S&P 500.

  • SEE MORE 2022’s Best Mutual Funds in 401(k) Retirement Plans

We’re not worried. Short-term returns can be instructive and add some perspective, but long-term performance matters most.

And over the long haul, Primecap’s managers have not disappointed shareholders. The fund’s 15-year annualized return, 11.3%, beat the S&P 500 by an average of 0.7 percentage point per year.

But 2021 was a win-some, lose-some year for the fund. Some of the fund’s top 10 holdings generated market-beating returns. Shares in banking giant Morgan Stanley (MS), for instance, gained 42% over the past 12 months. Other top holdings jumped even higher: Eli Lilly (LLY) was up 59%; Alphabet (GOOGL), 54%; and Microsoft (MSFT), 45%.

Biotech Stocks Stumble

But the fund holds 15% of assets in biotech stocks – a chunk, relative to the 2% exposure in the S&P 500 – which pressured results.

Biotechnology was the worst-performing slice of the health industry over the past 12 months, thanks in part to drug-pricing concerns and regulatory issues.

Epizyme (EPZM) dropped 81% over the past 12 months after an “anemic” new drug launch, the Primecap managers reported. And FibroGen (FGEN) stumbled, too, losing 66% after clinical missteps and regulatory setbacks.

China proved to be a snag as well. The fund has a significant stake in Alibaba (BABA), the Amazon of China, and the stock slipped 43% over the past 12 months because of increased government scrutiny.

The fund’s five managers divide and run a portion of the fund’s assets independently. But they all favor stocks in fast-growing firms with long-term growth potential that they think the market has underestimated. When they buy, they tend to hold. The fund’s 7% turnover implies a typical holding period of more than a decade. They’re patient and willing to wait for their investment thesis to play out. We’ll wait with them.

  • SEE MORE The 100 Most Popular Mutual Funds for 401(k) Retirement Savings

4 Debts Americans Want to Pay Off in 2022

Debt levels are rising again, but some folks are committed to ending that cycle this year.

How to Get 3 Free N95 Masks Courtesy of the Federal Government

On the heels of offering four free COVID-19 tests to all American households, the U.S. government recently announced it will distribute 400 million free N95 masks to the public. The masks, which the CDC says provide the greatest protection against the highly contagious Omicron variant, will be shipped to pharmacies and community health centers and […]

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

How to Become a Private Investigator Without a 4-year Degree

From Sherlock Holmes to Easy Rawlins to Veronica Mars, popular culture has had a fun time depicting private investigators. Danger! Mystery! Glamor! And while stories about fictional private investigators aren’t necessarily accurate, it’s still an interesting and exciting field. You might want to become a private investigator if you are naturally curious, level headed, and […]

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

The 15 Best Neighborhoods in Jacksonville for Renters in 2022

Any of these neighborhoods put you close to the action.

The post The 15 Best Neighborhoods in Jacksonville for Renters in 2022 appeared first on The Rent.com Blog : A Renter’s Guide for Tips & Advice.