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Do they expect indigent nursing home Medicaid elderly to go out and get a job too?
They're trusting private equity firms to take care of that after they come up with suitable hooks, like:
"Empowering seniors!"
It's all described in the prospect…
“Nothing is off limits now in this new world, I expect a default before a compromise is arrived at.”
Brings to mind a verse from Camelot - “What Do The Simple Folks Do?”
What happens to the millions of elderly moms and pops subsiding hand-to-mo…
Democrats will need to come to the table and negotiate. McCarthy would rather keep his job and have the US default vs. negotiating with the MAGAts.
Nothing is off limits now in this new world, I expect a default before a compromise is arrived at.
T…
My friend and I could only find about 83 cents in the sofa, but we thought that could be a solid contender for the bidding war...and we had no regulatory concerns, which would've made things even easier. But alas, the phone rang and I missed the su…
Some good points, but also some rather dated ones that reflects traditional elitist Wall Street views...perhaps understandable given the time it was recorded:
- “Do-it-yourself” small investors don’t have a chance compared to a good mutual fund wit…
My only tech requirement for new cars is a heads-up display. OMG so bleepin' convenient, I rarely need to look down at the dashboard anymore. A close second is automated traffic-jam stop/go distance-control, especially around here in DC.
That sai…
I gave almost the exact same talk last week at our university's Finance Week. Even used some of the same examples and monikers, too. But he did it far more eloquently and fun than I could over Zoom, plus he could be as profane as he wanted. :)
Was BB &B carrying a large debt load? Oftentimes these bankruptcies happen after some financial engineering in which money is taken out of the company and it's saddled with too much debt for its business to sustain.
Yep. Like $4B, which was li…
It seems the American Empire remains happy to salsa drunkedly along the knife's edge. At what point does a society become so ensnared in embracing or fighting such BS that it's unable to pull out of the death spiral it ends up bringing upon itself?…
If your publicly declared measure of success for a rocket launch is not blowing up your launchpad, you are not qualified or competent to be CEO of a rocket company.
@rforno Ever hear about The Stanford Marshmallow Test? Worth reading. https://globalcitizen.org/en/content/marshmallow-test-rich-children/
People who've suffered deprivation much of their lives may not want to put off that vacation or put off eating…
I know. But it seems irrelevant to say Americans aren't saving enough when so many have nothing left over to save after paying their bills. I often think the constant complaints posed in the media over "financial illiteracy" are really just a coded …
Giroux just moved GE from his Top 5, even Top 10, but GE +GEHC (spinoff) combo still had the weight of 1.84% of AUM on 12/31/22. So, that was down from 2.00-2.25% of AUM earlier (Edit: GE topped at 4.7% of AUM in early-2022) . I think that he will s…
+1
In fairness, I don’t anticipate TRP doing that. What I see is investors chasing performance and the fund has been hot and attracting interest / money for a long time now. And Giroux, for better or worse, has claimed a lofty perch next to Gabe…
David's announcement comes at the same moment that the WWE announced that they were merging with the UFC. Cage Match Coincidence? I think not.
I can hear Sam Irwin now:
< ding ding >
"The following contest, scheduled for one dinner, is for t…
Currently, TRP ETF's have not garnered much in AUM. Blue Chip Growth and Dividend Growth each have +$300M and Equity Income +$100M. Otherwise, mainly $20M or so per fund.
TCAF could be a winner for them?
I daresay it depends on how hard they end …
M* has now become even more confusing. Articles at main home morningstar.com should be open (as in the OP Link), but those at investor.morningstar.com may require M* Investor subscription (even if the same article is posted there).
These are the p…
The concern is that there is a lot of Twitter stuff on how this is going to destroy regional banks and eventually fdic fund. So it is important to throw light on this matter
And all it takes are a few well-known Twitterers or shark investors (eg, B…
@rforno: I looked at the four CGGO managers' bios and found a decidedly international bent to the team. 2 are Europeans based in Geneva, 1 a Brit based in Singapore, and 1 American working from SF. At least 3 manage(d) a global growth and income fun…
Thanks for those ideas @rforno. CGGO looks promising. I have not replaced the global growth funds that swooned in 2022, i.e., Kristian Heugh and MS funds. Do you know if the managers of CGGO run an equivalent MF strategy?
I think their equity ETFs f…
I'm looking closely at CGDV and CGGO for actively managed ETFs covering dividend growth and global growth. I like the Capital Group and prefer that approach versus index-based stuff.
PRWCX
RWMGX (AF WaMu Investors 0 where 100% of my 403b is parked)
PRBLX/PRILX is a good one I've held, too. Wish there was an ETF version b/c it pays out big each year.
Listing all positions daily poses undue risk of front-running the manager’s intent to build new positions, thus it harms the existing shareholders. That is why the OEF holdings are disclosed at least 3-6 months later.
That's my exact concern here. …
If the lower-priced ETF indeed is the same as PRWCX, is there any reason not to switch into that from the OEF in a taxable account? I.E., perhaps better tax treatment?
If the ETF would pay out quarterly, that would be more attractive to me in terms…
:) I can’t begin to imagine being able to trade in and out of a clone of PRWCX at will. Never felt it was managed for that type of use.
Hank, excellent question, and one I'm sure TRP has considered as well (I hope!). Come to think of it, I wonde…
I transferred the securities in my TD account to Schwab in 2020 w/o any problems whatsoever, and got a decent transfer bonus. Maybe that's because I did it long before they actually began moving accounts? *shrug* (I moved early b/c I didn't want t…
fwiw saying I throw extra cash into very short-term t-bills. I may pay a few points on the spread, but it's still cheaper than most of Schwab's (or most people's) MMF offerings.
Wow, that's HUGE.
Looks like it'lll be cheaper than PRWCX and disclose holdings daily*, compared to the longer timeframe of PRWCX. Definitely worth keeping an eye on if you want access to Giroux!
* as compared to being an almost-but-not-quite 'cl…
I was walking into the dentist at 2PM, I didn't think about the markets or Fed until I got home a few minutes ago ... I'll catch up on things and see if there's anything interesting or actionable tonight.
YM is -433 going into the close, so there'…
Just a few short weeks ago, Credit Suisse was offering corporate bonds at Schwab with tempting rates over what treasuries were at the time, ~5.26% I believe. I remember actually thinking about it. I think CS was rated A+ with, I thought, a good pedi…
On any investment, you reap what you sow. If you can't handle the risk, don't buy the product!!
BBG said last night that Goldman, JPM, and Citi are buying a bunch of CS bonds for like .02-.03 in the hopes of flipping them for a tiny amount (few pen…
I think the type of commercials depends if you catch it on cable, streaming, or their app, ot how your network is setup. I know there are different feeds that seem to have different commercials, plus your cable operator may run their own ads/infom…
"constantly beeping/buzzing/blinking with something to give viewers another dopamine hit"
That’s a reference to Cramer? Right?
Not necessarily, but he certainly counts. BOOYAH! /ducks
I refer to them doing constant beeps/blinks/alerts for graphi…
@rforno
Yup. We recall the all-nighter programs during 2008 for CNBC and Bloomberg.....no info-mercials, eh?
Back then you knew it was bad when CNBC would say on Friday afternoon "tune in for special coverage at X'oclock on Sunday" LOL
Bloomberg …
interesting political question on BBG right now: was this deal structured in a way to try and protect certain foreign shareholders (ie, Saudi Arabia and other Gulf nations) who bought stock in CS just a little while ago during its last credit rais…
