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Headline News: Pershing Square USA withdraws IPO. Charlie Munger wisdom endures.
* laughs *
A CEF that IPOs at $50 when every other one I know of goes out at $25 was the first clue Quackman was trying to goose things and trade on his name and CN…
On principle, I don't invest in religious- or political-themed funds, but sometimes when you examine their holdings you can find a hidden gem or two worth looking into.....
All this fancy footwork just to create money-market or T-Bill returns? But investors love new black-boxes.
Maybe T-bills seem 'scary' or 'hard' because they're not basic equities, ETFs, or OEFs that the average retail investor knows about? I'm su…
Account cash moved into SGOV. Heading out of town soon and not planning to buy anything unless the markets tank hard ... and I prefer Schwab not profit much (if any) from my idle cash.
The only saving grace of 'old school' wirehouse brokerages in 2024 is that when you task your FA/VP/broker to do something, they'll usually do it right the first time and/or get back to you with updates or questions as needed. Of course, you're pay…
Sold my large holding of CMS preferreds at breakeven. They were bouncing all over the place in large ways in recent weeks (moreso than any other preferred I've owned) and more to the point, Schwab never could get the income projections or cost basi…
VIX was supposed to follow global events 24/7, but instead, cryptos are almost doing that now.
https://stockcharts.com/h-perf/ui?s=COIN&compare=DJT,$BTCUSD&id=p13316794986
Agreed. Frankly I've given up watching the VIX b/c I'm not sure how …
@MikeM - look at Page 35 of their 2023 10K (Total Net Revenues). 50% of their income is Net Interest Revenue, which includes uninvested client cash.
https://content.schwab.com/web/retail/public/about-schwab/SEC_Form10k_2023.pdf
The definition of …
Again, her time in the barrel. We do this to fund managers. The human condition. Build them up. Knock them down.
It's why I don't invest with rock stars -- they get high on their own publicity, and their media enablers keep feeding them.
Berkowitz…
Apparently as the Schwab-TDA merger took shape, the company tried to walk the line between "not upsetting their existing customers" (mainly 'stodgy' B&H types) when trying to integrate a more active type of investor/trader from TDA ... my sense …
Update: I decided to stick with Schwab for the forseeable future.
Having poked around Fido in recent weeks, there are some things that they certainly does better than Schwab (cash management, UST rollovers, DRIP of foreign dividends) but I was n…
There’s one more thing worth remembering when reading Wood’s letter. And it’s that her job is more about convincing investors to join her—getting the best returns for her investors is a secondary consideration. Recent outflows suggest it isn’t going…
Never owned a gold fund/etf. And should the time come when I might need to own some, I'd probably only hold just enough physical gold to bribe the border guards....
Discounts or not, be wary of the income generated by many CEFs use high degrees of leverage. That 7-12% yield might be great, but everything has a price --- interest rates/leverage costs, fund fees, etc. If a CEF has more than 20, 25% leverage, I …
Once upon a time,,, the party that supported capitalism and democracy had a left and right wing. They were called the Democrats and the Republicans. The members of both parties were mostly politicians, not statesmen but they took care of the count…
As LTC Hal Moore said at the Battle of Ia Drang Valley, "Nothing's wrong ... except there's nothing's wrong."
I agree the markets are treading water and churning - there is a false sense of security forming, but at least it's not overwhelmed with…
Apparently they bought a tech platform in scrip --er, an all-stock deal today. If I was part of the acquisiton, I'd be selling my shares ASAP....
https://www.morningstar.com/news/marketwatch/20240703191/trump-media-to-buy-assets-of-worldconnect-te…
As LTC Hal Moore said at the Battle of Ia Drang Valley, "Nothing's wrong ... except there's nothing's wrong."
I agree the markets are treading water and churning - there is a false sense of security forming, but at least it's not overwhelmed with…
We are screwed. Well and truly screwed. Thanks to the "supreme" court the United States is no longer the democracy that it has been since it's birth... that chapter is now closed. The next chapter is likely similar to many of those "well run" "finan…
A huge problem during the GFC was the CDS (credit default swaps) sold by insurance companies and institutions. When the underlying credits collapsed, the CDS skyrocketed. At its worst, AIG had a liability of $150-200 billion - it was literally bankr…
Funny, I just read a noted manager state a few weeks ago that Large Cap is dramatically over valued and small cap is the pace to be.
In other words, nobody knows anything....
... and if I continue following the advice of my Magic Eight Ball and/or …
I've been looking at GQHPX as well. One thing I noticed, however, similar to all or most of his funds - is the large Nvidia position. NVDA is not an emerging market stock but its large presence in the fund spikes returns relative to its peers.
I …
Thanks David. I agree completely on the LCV call being the place to be over the next few years (and I'm there already, currently very heavy in energy, utes and infra myself.)
In terms of models, I had to chuckle. First they say models are meaning…
The only REIT I like (but don't own yet) is CDP because of its unique client base and facility requirements. (I've been in many of their buildings over the years for work). Getty is another one I've considered as well.
I've held off buying them …
CGDV and CGGO are on my watchlists and would be the ones I would move into if/when needed. Knowing what I know now, I would go with ETFs versus their OEFs with loads and 12-b-1 fees.
CGDV performing similar to the American Fund that my 403(b) is in…
PFE is cheap enough to be on my "throw some $$$ and forget about it" mental map @ the moment, but I've not pulled the trigger....also, the div payout ratio is 116% so that's a red flag when 'analysts' and pundits say to buy it for the fat dividend a…
I'd be curious what Choi from Parnassus has to say - I've always liked their Equity Income Fund despite the WFC issue some years ago. I bailed out a few years ago when the fund was getting more growthy than I wanted. (Would be nice if they made an …
Yup. My overall PV has fluctuated in the same general range for months. Annoying, sure, but I'll take "not losing money" and/or "making money" versus "just loosing money."
DJT down 14.56% today after sharp losses Tuesday (-8 %) as well. Brings up the question - how many worthless DJT stock certificates can you stuff into a Tesla pickup and drive both into a permanent landfill?
LOL. I'm sure CEO (and retired GQP Congr…
If they don't want people calling, shut down the call center completely -- to force customers to think "will this time be the time I get fired?" is not a good strategy, period. They are a BROKERAGE and exist to SUPPORT and SERVICE their customers r…
Is there any ... OEF that has decent volume along those lines?
Why should volume of an OEF matter? Perhaps availability matters, but why volume?
Regarding availability, what that seems to be saying is that S&P 500 funds are a poor person's su…
