NAV
Navistar International
stock NYSE

I understand that but, if you aren't selling, then why do care what the NAV of your shares are? Same thing as -- why do you care what the market value of your bond is if you are holding to maturity anyway?

No, you don’t necessarily get the same return.
When the fund has to make sales/purchases due to withdrawals and deposits the total effect of that flows through to the NAV. This means that if the fund makes sales at low prices and purchases at high prices then this will affect the NAV of your shares in the fund even though you didn’t transact,

Sell half and roll it into dxyz.
I’ve liquidated almost all of my Msft gains and put it into dxyz. Most undervalued play on market. Well below their NAV.

It seems that you are new to investing. The first thing you have to consider is being fine with daily fluctuations in NAV. Even with Debt funds at times you could see 1-2% fall in NAV in a day with equity 1-2% is normal and can be higher too.
You are right in not choosing small cap funds.
You have no control over the returns what if after 10 years it situation like now i.e. negligible returns in last 2 years. In that case you will have returns of 8 years only even if you get 15.5%. Though there is no guarantee of that. You can only control how much you invest and for how long you let it stay invested. You will know the returns when you get it. There is possibility that you might get more than 15.5% too but anything can happen.
If you want higher returns equity allocation should be more but that also means higher possibility of lower returns if markets don't perform for the entire duration.
As you don't need the money for 10 years you can go for 100% equity but what do you need it for after 10 years and how fixed that need is determines how much debt allocation you need and how you move from equity to debt between 6 to 10 years.
In terms of mistakes to avoid is that don't take any decision in a hurry think about pros and cons of the investment decision before investing. Also think about backup i.e what if you get only 9% or 10% return over the 10 years?
Another mistake to avoid is the question 7 i.e. what anyone else will do depends on their financial situation and understanding of investments which can be a lot different from yours. You cannot blindly copy anybody else's approach without understanding why they took that approach. Either you need to find answers on your own or give all the possible details that someone will share the answers. Someone might find that they are in loss after 10 years and let it stay invested whereas in your case it seems that you need it after 10 years.

When bubbles burst, margin calls kick in, derivatives reprice and demand collateral, confidence takes a whack… and everything sells.
When the AI investment bubbles bursts, it will be catastrophic in all asset classes.
How many of you guys/gals know that massive money market funds broke the sacred $1 NAV in September 2008? State Street’s in particular, which many firms rename/rebrand as their own.

Hey, there. Thanks for stopping by the sub for the first time!
What you are seeing is actually the price per share of the mutual fund that you purchased. This is also referred to as the fund's Net Asset Value (NAV).
Mutual funds generally trade once a day, at the end of the day. The NAV is calculated by taking the total worth of the securities in the portfolio and dividing that by the number of outstanding shares of the fund. Market activity influences the NAV since it is based on the value of the securities.
You'll continue to hold the value of the fractional share amount of that mutual fund as it fluctuates over time. When the NAV of a fund rises, you'll experience gains for your owned shares, and when the NAV falls, the opposite will happen. When you own more of the same position, this will increase the amount of gains or losses you experience.
You can learn more about these types of investments here:
[Understanding how mutual funds, ETFs, and stocks trade](https://www.fidelity.com/learning-center/trading-investing/trading/trading-differences-mutual-funds-stocks-etfs)
Feeling good from here?

Latest update: SPYI: NEOS S&P 500 HIGH INCOME ETF
\### Understanding the NEOS S&P 500 High Income ETF (SPYI)
\*\*What this ETF is trying to do\*\*
The NEOS S&P 500 High Income ETF, known by its ticker symbol SPYI, is an exchange-traded fund (ETF). Its main goal is to provide investors with a high level of income. It does this by focusing on the S&P 500, which is a group of large companies in the United States.
\*\*What the numbers show\*\*
As of August 7, 2026, the current price of one share is $54.18. Looking back at the last year, the price has grown by about 6.26%. When you include the money paid out to investors, the "total return" for the year was much higher at 19.85%.
So far this year (Year-to-Date), the price has gone up by 3.14%, while the total return is 10.64%. Over a three-year period, the total return reached 56.43%.
\*\*Income and distribution explanation\*\*
This ETF is designed to pay out money regularly. The "distribution yield" is 11.64%, which tells you how much income the fund pays relative to its price. Over the last 12 months, it made 12 payments. These payments usually happen on Wednesdays.
It is important to remember that a high yield alone can be misleading. A very high percentage might look good, but you must also look at whether the actual price of the ETF is staying healthy.
\*\*NAV erosion explanation\*\*
"NAV erosion" happens when the value of the underlying assets in an ETF drops over time. If an ETF's share price falls from a high number to a much lower number, it can destroy your "principal." Principal is the original money you put in. If you invest $10,000 and the price collapses, you might end up with much less than your original $10,000, even if you received some income payments.
In this specific case, the data shows "No price erosion detected." The erosion score is 100, which is labeled as "good." This means the price has not been steadily falling away.
\*\*Pros\*\*
\* It offers a high distribution yield of 11.64%.
\* The total return over one year (19.85%) is significantly higher than the price return alone.
\* The fund shows no signs of severe price erosion.
\*\*Cons\*\*
\* High-income ETFs can be complex.
\* Investors must watch the price closely to ensure the income isn't coming at the expense of their original investment.
\*\*Beginner takeaway\*\*
Income investors usually prefer ETFs that go sideways (stay at the same price) or move slightly up. They prefer this because it means their original investment stays safe while they collect payments. If an ETF's price collapses, the income might not be enough to make up for the lost money. For SPYI, the data shows the price has been growing alongside its distributions.
\*\*\*
\*Disclaimer: This report is for educational purposes only. It does not provide financial advice. It does not recommend buying, selling, or holding this or any other security.\*
Research article updated Aug 11, 2026 12:01 AM

Early retiree using CC ETF’s to bridge until 401k and SS are available. I built a large taxable account and am using NEOS funds to give return of capital cash flow that doesn’t count against my health insurance max income. It’s about 20% of my total investments (most in 401k) and I am about to add the proceeds of a home sale to the income account as well. Plan is to live off it until we want to start 401k withdrawals and SS.
If the NAV holds up reasonably well, it might also go towards delaying SS a while once my wife and are eligible to start it. We are pretty comfortable with the cash flow we are getting just from these funds right now.

Is it correct that RVII has a stacked fees-on-fees cost structure?
1. Y-Combinator - Fee equivalent to 2% of assets annually plus 20% of any gains. Gains above this threshold are available to RVII.
2. RVII - Fee equivalent to 2% of assets annually, plus 20% of any gains. Gains above this threshold will increase RVII NAV.

My understanding is those are basically extinct. To keep the $1 NAV they can’t have any defaults of and kind. The only realistic way to do that would be with government debt or leading secured by government government debt.
You’ll need to go into a short term corporate bond fund. Those do exist they just fluctuate a bit and aren’t pegged af $1 NAV.

Bonds aren't dead money, but I totally get why it feels that way right now. Here's the thing though — those losses you're seeing are largely unrealized, and bond funds do recover as interest rates stabilize or drop. VBTLX and BND hold thousands of bonds that are constantly maturing and being reinvested at current (higher) yields. So the fund itself is actually generating better income now than it was a few years ago, even if the NAV hasn't bounced back yet.
That said, your instinct to simplify isn't wrong, especially given the 10-year distribution window you're working with.
A few things worth thinking through: First, selling and reallocating inside an inherited IRA is a non-taxable event — you're not selling in a taxable account, so there's no capital gains hit. You just owe ordinary income tax when you take distributions. That's actually a great reason to think carefully about *when* and *how much* you withdraw each year, not just what you hold.
Second, concentrating everything in SPY/VTI/VXUS for a 10-year mandatory drawdown period carries its own risk. If markets drop 40% in year 7, you're forced to sell at a loss to meet the distribution requirement. A small bond or cash allocation can act as a buffer so you're not liquidating equities at the worst moment.
It's not about loving bonds. It's about sequencing risk. Worth a conversation with that advisor specifically around withdrawal timing.

Huh? That's not how total return works, bud.
Sure, I sell shares, but each share is worth much more so I would need to sell fewer shares than I would otherwise. With dividends, you've already "sold" shares via the NAV drop and reduced your share price increases long-term. And it's all less tax efficient on top of all that.

Not sure where you're getting that info but according to the iShares web page for ITDG, for year 2025, it says ITDG sold at a discount to NAV on 111 out of 249 days. So you have a roughly 50/50 chance of selling it for less than NAV.

The NAV is 18-19, the value of GME is 8-10 the combined is somewhere between 22-26

The only thing I can think of other that the Roth is a covered call fund generating ROC dividend. But that only helps you if the money in in a taxable brokerage's. ROC dividend can allow a fund to avoid almost all taxes . So it doesn't add to your taxable income.
ROC dividends reduce the cost basis of the shares that generated them. If the cost basis is above zero the ROC dividend it not taxed. Once the cost basis reaches zero (which takes years) the dividends are taxed at the long term captial gains tax rate. This means worst case only 20% of the dividned income will be taxed. That is an 80% reduction from ordinary income (interest, bonds or work income).
Some covered call funds with no NAV erosion you could use are:
SPYI 11% yield 95% ROC. Aproximate tax free time is 9 years.
GPIQ 10% yield 80% ROC. Aproximate tax free time 10 years.
GPIX 8% yield 80% ROC. Aproximate tax free time 12years.
One issue to keep in mind is that once the tax free period ends If you sell at the shares with a zero cost basis you will owe more in taxes since theist basis is zero. But gain this only apples If you have money in a taxable brokerage. These funds in a 401K will not reduce your taxes.

there wasn't one apparently. Prior to this structural change:
* **No Dollar-Amount Halted Processing:** ETF creation and redemption orders of any size (including those exceeding $15 billion) would flow straight into the automated central clearing workflow without being forced into a pending status based on transaction value alone.
* **Only the NAV Variance Check Existed:** The sole pre-existing baseline rule automatically triggering a "pend" status was the **98% or greater NAV variance reasonability check**.

DTCC just issued an alert notifying members that any creation/redemption instruction with a total settlement value of $15 billion or greater will be manually reviewed and approved before settlement.
Here's the link to the document, and I copy/pasted the text further down for those of you who don't like clicking:
[https://www.dtcc.com/-/media/Files/pdf/2026/8/7/A9802.pdf](https://www.dtcc.com/-/media/Files/pdf/2026/8/7/A9802.pdf)
We all know the DD about ETF creation/redemption abuse being one of the plausible methods for suppressing the price of GME, and you may remember the posts over the last month about the 6/29 DTCC "force majeur" settlement event that barely got reported elsewhere. Given that a little over a month after that settlement event, DTCC is suddenly adding review steps to ETF creation/redemptions that exceed $15 billion? Makes you wonder if the two are related.
WCIMT did a great job of summarizing that event here:
[https://www.reddit.com/r/Superstonk/comments/1va2j0z/c35\_after\_dtcc\_market\_disruption\_coming\_up/](https://www.reddit.com/r/Superstonk/comments/1va2j0z/c35_after_dtcc_market_disruption_coming_up/)
Here's the copy/paste from the ETF alert:
Effective August 17, 2026, any Exchange-Traded Fund (“ETF”) create/redeem instruction with a total settlement value of $15 billion or greater will pend upon submission to National Securities Clearing Corporation (“NSCC”) and will not be released for further processing until the required review and approval steps are completed by the submitting ETF Agent.
This $15 billion total settlement value threshold will apply in addition to the existing NAV-based reasonability check that pends ETF activity when the variance between the NAV on the order and the prior day’s closing NAV is 98% or greater in either direction. Activity that exceeds either threshold is automatically placed into a pending status for review.
These controls, applied pursuant to Procedure II, Section F.2 of the NSCC Rules, are designed to flag unusually large ETF create/redeem instructions for review and approval prior to further processing.
When an ETF create/redeem instruction meets or exceeds either threshold, the instruction is placed in a pending status. NSCC notifies the submitting ETF Agent that the transaction is pending through several methods:
•
Intraday near-real-time create/redeem receipt/reject report
•
Automated threshold alert email sent from the ETF system
•
Call and email from NSCC Operations via established operational channels
Written confirmation from the ETF Agent is required before releasing the pend status.
ETF Agents should review their internal controls and escalation procedures to support timely review of any ETF create/redeem instruction that is flagged by this threshold. ETF Agents should also ensure that they maintain current operational and escalation contacts and subscribe to applicable ETF threshold alert notifications.
DTCC Non-Confidential
DTCC Public (White)
The updates described in this notice will not impact the underlying ETF Create/Redeem submission process.
Questions regarding this Important Notice should be directed to your DTCC Relationship Manager.

In the long term (which is all that I am talking about) bond returns come almost exclusively from interest payments. Fluctuations of the NAV in the meantime had no bearing until you sell, at which point any capital loss (which is tax deductible) is dwarfed by the interest income.

You're misunderstanding something about this portfolio in a big way. I suspect you're looking at NAV and ignoring dividends. 
https://testfol.io/?s=bjE1wMl9eDl
In the past 13 years those funds are up: 28%, 46%, 28%, and 36%, respectively.

Retail apathy toward bonds isn't really about returns, it's about access. Try buying a corporate bond on the exchange platforms (NSE goBID, BSE Bond) and you'll see spreads that make you wince, plus lot sizes that shut out anyone below lakhs. Compare that to a SIP where you can start with 500 bucks and get daily NAV. Until secondary market liquidity fixes itself, this stays a wholesale market wearing a retail costume.