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My 403b at T-C is entirely in RWMGX so this doesn't impact me directly ... but doing this on the q-t doesn't inspire trust or confidence in where T-C is heading, in my view.
* I wonder how much they get paid for order-flow from the various cash-like ETFs they offer.
What are "cash-like" ETFs? Ultra-short bond?
Yeah, that's what I was referring to.
Schwab's idle-cash in brokerage accounts is the only major issue I have with them. You earn a pittance unless you throw it into one of their MMFs or an ETF* ... which only adds 'friction' when conducting transactions since you need to sell from the…
@David, I agree 100%. Though if fund managers were content to not be beholden to (or required to track?) a benchmark, this probably wouldn't as big a concern for them. But if they can't brag about their performance vs. an index or fund category, t…
I have relatives/friends in the advisory business. They a very different mindset about fees as that affects their lively hood. When there is discussion about low-cost mutual funds, they take a pass saying that isn't possible with them involved.
I t…
Aaaaannnd....on top of all that,
"Ackman is waiving the management fee for the first 12 months and after the first year will charge a flat 2% fee."
Not sounding too attractive so far....
I now feel bad for having launched a few jesting pot-shots …
Aaaaannnd....on top of all that,
"Ackman is waiving the management fee for the first 12 months and after the first year will charge a flat 2% fee."
Not sounding too attractive so far....
Initiated new position in BIZD and ETRN in my income (and some growth) portfolio.
Shifted some stuff around to consolidate positions a bit as well, but nothing major.
Ron,
ETRN is an interesting midstream co. M* FV is about 50% above current pri…
Initiated new position in BIZD and ETRN in my income (and some growth) portfolio.
Shifted some stuff around to consolidate positions a bit as well, but nothing major.
About time,, when did computers come on the scene... 1970-80? Only took 40 years to get to T+1
No kidding. Progress, right? While T+3 was needed when things were paper-based, I suspect it's probably stuck around so long b/c brokerages liked havi…
@rforno. As good an explanation of active management as I have found. Do you have an explanation of technical analysis?
"We really think that this squiggle matches what that squiggle did over there last [time period] which suggests this next squig…
@larryB, VPMAX is aggressive growth, or growth with some conviction. So, it may be frustrating at times, but if she can mix it with another LC-growth/blend, it would be fine LT.
"aggressive growth, or growth with some conviction."
I interpret that …
Added another slug to RKLB on yesterday's slump following the covertible note offering announcement. Interesting they are doing this as capped call financing, which to me suggests they're anticipating significant upside during the life of the note …
@stillers
I always was told that banks only applied reimbursement for fraud as a "courtesy" and were not required to. Glad to hear about EFTA
I never use a debit card for any automatic transactions, and I am always concerned that the one I have i…
@Stillers: Yep. And I think that also applies to direct-debit from companies to your account, such as what utilities and mobile phone companies are doing nowdays.
On my to-do list is to create a new 'clean' bank account that is not linked anywhere…
Nearly all my bills are paid via credit card autopay (direct or via a 'disposable' virtual credit card with a set limit on it) or direct debit from the bank account - which I regularly monitor to look for anything suspicious. If I do need to write …
I'm trying to get past the part where you filled out a paper form in section one.
LOL
And @msf, traffic here between DC and Baltimore on I-95 really does suck during the workweek.....
YTD:
My long-long-term portfolio is -0.14.
My long-term portfolio is + 1.15 (mostly income-generating stocks)
403(b) is +1.17 (all in RWMGX, so using that YTD since TIAA's not updated YTD data yet!?)
Roth IRA balance is +4% in an American Funds …
Had second thoughts about holding ET, so sold out of that 3-month-old position and will replace with WMB once my buy order fires. I'm thinking WMB has a more strategic portfolio and more stable/recurring revenue flows than ET. Paying about a 5.3% Q…
The industry has done what it can to obfuscate the differences. For example, here's what Fidelity says:
At Fidelity, our representatives are required to provide advice that is in your best interest. This standard of care applies to all accounts a…
How many of the investors in these know about the K-1s? Should not the prospectus say?
Call me a cynic, but I suspect most retail/momentum folks won't notice that until tax time next year.....all they hear is 'Bitcoin!'
These ETPs are barely 1-day old (I will stop calling them ETFs), and already an options-based ETF has been filed for GBTC; others may follow soon.
The firms involved (and there are some big ones) are in it for fees that are collected whether the s…
Just steer clear. Matthews by now is like a black hole. Back in the '90s they were at the top of their game. It's a disaster now.
If the troubles continue, maybe they'll get acquired by a consolidator/supermarket like AMG at some point....?
Given the # of insane digital coins out there -- the vast majority are worthless anyway -- I wonder how long before someone creates a 'Sh*tCoin ETF' (yes, that's a real term to describe those digital coins) that invests in whatever digital nonsense …
Many government retirement plans offer up to 25% in self directed mutual funds at outside firm such as Fidelity. CA state retirement plans are a mess with agenda that have nothing to do with best risk adjusted return. My wife worked several year…
@Tarwheel again I agree completely.
It's also why when I joined my state university system I avoided the pension plan and went for the self-directed 403(b). Many state pensions have huge positions in various (and costly) hedge/PE investments that …
I do not understand the interest in hedge funds. Most of them underperform simple market index funds, and some fail spectacularly. T Rowe Price started allocating about 10% of the holdings in their allocation funds several years ago, and I can disce…
I don't need (or want) an FA to invest for me, thankfully.
My Schwab FA came over from TDA. He treated me very well over the years in terms of customer service and we stay in touch very periodically to opine about the markets ... he has never push…
As for me, religious and/or politically-themed vehicles or punditry have no business in my portfolio.
If someone wants to invest in such things, it's totally fine by me. Each to our own, as the saying goes.
@rforno - just wondering if you considered PBDC before selecting BIZD? I own neither but like the holdings of the former v. the latter. To date I've only speculated in individual holdings.
PBDC liquidity is around 10K/day while BIZD is nearly 500K/d…
BOT first slug of DigitalBridge/Pr-I to my income portfolio as I continue putting money to work in that account. That portfolio is mainly energy (mostly natgas), telcos, utes, and infrastructure .... ie, strategic stuff that 'fuels' our world and s…
Owning several funds — if you know what you own and why — causes no harm. It can increase investor comfort and lead to portfolio stability. If the investor rebalances wisely, it may even generate outperformance.
Agreed. Besides their overall hold…
Somewhat OT, but this is a huge problem in academia over the past year. Where I am, we're seeing a noticeable increase in these incidents in the STEM fields, often by international students trying to cut corners b/c that's apparently acceptable bac…
Changes under 10% have minimal effect, and under 5% are meaningless.
That's my approach to investing/allocations as well. For me, generally anything under 10% is either a starter position, placeholder, or a speculative thing -- I don't expect anyt…
