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.
Bloomberg
The Federal Deposit Insurance Corp. is on its way to profiting off the deal it helped broker for First Citizens BancShares Inc.’s takeover of SVB Financial Group.
Equity-appreciation rights awarded to the regulator went into the money Mo…
HSTRX
I will look at it again, although I am always concerned about Hussman's consistency and performance.
He writes these amazingly clear market commentaries with those beautiful graphics, claiming the roof is about to fall in, with data to supp…
Steve Romick manages both FPACX and SOR Source Capital a closed end fund with a very similar portfolio
Until 2021 or so they were almost identical. FPACX has done better since.
Never quite understood why SOR is out there, but you can buy it for fr…
I don't think money flows in and out will be much of an issue with a Large Cap ETF. If there are large redemptions, the sponsor just sells a basket of the positions. The ETF does not have to keep cash available just for redemptions.
Daily disclosu…
It never hurts to ask. I told Schwab I wanted to transfer VTMFX although they charge $75 to buy additional shares for Admiral class. They agreed I could and buy more without a fee.
While I wish you could buy VMFXX at Schwab or Fido, the inconvenience and nuisances at Vanguard IMHO do not make up the difference. For $50,000 I am loosing $50 to put up with Vanguard
I don't have $1,000,000 to put into cash which is the minimum …
Yellen said she was not considering "blanket bailout insurance"
Banks crashed.
I thought things were much better when the Fed just did what they thought was necessary and didnt talk about it
Remember when Greenspan would change the Funds rate bet…
As I am retired and threw my back out yesterday chain sawing I listened to entire press conference.
Hiked 0.25% but gee he could not predict if the turmoil in banks would lead to tighter lending and there fore make recession more likely and rate …
Given the fact that the execs at Vanguard rarely show up in public, and despite many attempts, I can find no information about their salaries, benefits, deferred compensation, bonuses etc or even how decisions are made at the funds whose directors s…
I tend to agree with Tarwheel in that I am astonished how poorly "go anywhere" bond funds have done recently. It seems obvious that once the Fed started raising rates and inflation was high any duration over 1 or 2 was going to kill your NAV. I h…
@crash
I asked him why BHB had “NA”:under % uninsured deposits
here is his response which is a bit over my head
BHB's deposit disclosure wasn't as clear to us. I copied in a relevant excerpt from the latest 10-K below, which could imply less than…
We have been happy buying sedans just off of three year leases, but only look at ones that have had all the required maintenance done at a dealer on time.
if you put the VIN number into google the records pop up.
Particularly now we can get 5% risk free.
I think using your personal rate of inflation helps to eliminate some of the angst about real vs nominal interest rates.
If you don't buy a car, and you own your house, health care, taxes and food and e…
@LB
I think the social chaos and bankrupt hospital system that would ensue with cuts in Social Security and Medicare will prevent the benefits from being cut. It is likely that they will be taxed more heavily and the charges will go up. My wife an…
Most people agree that the worst negative impact is to have to sell equities at the bottom because you need the money to live on. So you should not have money in the market that you will need to live on for the foreseeable future.
The question is …
I had forgotten the Robo Advisor cash level isssue
Not having a sweep account is extremely irritating as it requires you to determine exactly how much you need to sell to cover a buy and since sells are not settled for a couple of days you have to…
Isn't the real issue with Schwab Bank that while 80% of their deposits are under FDIC limit, of their $550 Billions asset base a very large % is in the Schwab Bank Deposit Program, paying almost no interest to the depositors.
This represents cash b…
@yogibearbull
Thanks
I think I read that last fall
Notice, Baranyk does not include downloading portfolio data from spreadsheet in the list of features they are looking to support.
Hopefully that is because he didnt intend this to be a comprehen…
@Old_Joe
I bought some Friday, but just couldn't pull the trigger on that Schwab CD. Schwab is selling $8 Billion worth I have read. While they are unlikely to follow SVB, they might.
I stuck with MS, GS and JBM for a few bp less yield.
I also…
@Old_Joe
Guess we should move this treat to "Off Topic" (again)
I assume people claiming SVB is "woke" get most or all of their information from Fox news, which has also promulgated the lie that SVB sent millions to BLM
Anyone interested in the f…
I have had the same problem for months. When I contacted M* support they said cleaning out the cache would fix it. It does but only for the next time you chart.
It recurs constantly. When I asked them again, they said use a new browser or "Contact…
Unless there are serious issues in the biggest banks ( ie top 100) I don't think this will rival 2008
In retrospect it seems that any idiot could have predicted what would happen when you sold mortgages to people with no income. Few of us, I assu…
Every dog has it's day!
The signal for the start of a dramatic comeback for EM, beating all other indices etc, will be when I finally dump all my EM funds! Guaranteed.
Interesting you say that because OFAFX has almost 100 positions, none more than 2%.
His other fund Olstein Strategic Opportunities OFSAX is much more concentrated, 18 positions including four regional banks, 8% of assets.
First Hawaiian, Citizen…
@yogibearbull
Ah MBL of NJ Now there is an (awful) blast from the past. The hospital my wife worked at had their 403(b) there. Someone got paid off, obviously because why not use Fidelity or Schwab?
We learned the hard way what happens when your…
