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For shorter term cash needs I was advised to put it into an FDIC insured bank deposit account. This should be insured up to 250K. I need to call Schwab tomorrow but I believe you can do this at Schwab. .... Joe and RForno I am curious— are you …
@Old_Joe or @rforno Are these automatic rolls or do "you" roll them ?
Depends. If you buy them at auction. Schwab will let you auto-roll them so it's a frictionless process. If not, you have to do it manually, because .... it's Schwab.
Contagion is spreading.....next week's going to be intersting....
SVB Fallout Spreads Around World From London to Singapore
https://www.bloomberg.com/news/articles/2023-03-11/svb-fallout-spreads-around-the-world-as-uk-firms-plea-for-help?srnd=prem…
Thanks for starting this thread. Does anyone else have concerns about Schwab’s prime money market fund SWVXX? While I am no expert presumably their government and treasury MM funds have a higher degree of safety. Unless the Republican Party defau…
Bloomberg's analysis is pretty good, though I hate that they constantly quote Summers. Their TV news is far and above better than CNBC and more analytical than sensational. (I pay for Bloomberg now that their rates are more reasonable.)
I pay fo…
USDC (US Dollar Coin, a so-called 'stablecoin') broke its $1 peg and is now trading around 90c b/c of concerns over SVC and the USDC reserves that were there.
Buckle up, folks...
Well, you guys got me off my lazy, and I moved my last over the FDIC excess which produced a 5-day settlement window. (Technically still over a bit). So, should credit unions be safe if over $250K NUCA?
If they have supplimental insurance to cover a…
And the hits just keep on coming....
BlockFi has $227 million in uninsured funds in Silicon Valley Bank
https://www.theblock.co/post/218943/blockfi-has-227-million-in-uninsured-funds-in-silicon-valley-bank
(well, 'had' is a more correct tense, I …
Here it comes...
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
https://www.coindesk.com/markets/2023/03/10/scrutiny-falls-on-43b-usdc-stablecoins-cash-reserves-at-failed-silicon-valley-bank/
Per Circle: "Sili…
Hoo boy, another 'Bear' moment for Cramer....
CNBC’s Jim Cramer urged viewers to buy Silicon Valley Bank stock last month
https://nypost.com/2023/03/10/cnbcs-jim-cramer-touted-silicon-valley-bank-stock/
(admittedly not exactly a 1:1 comparison, b…
SVB halted after falling 68% in the premarket....
WSJ: "Shares of SVB, the parent of Silicon Valley Bank, were halted due to pending news shortly after 8:30 a.m. ET, according to a web page maintained by Nasdaq that tracks stock halts. Before the …
Financials got rattled b/c there was a HUGE multi-million block of Schwab shares selling early yesterday, too.
I'm not sure there's anything major to be concerned with (yet) but if there's a new contagion/systemic risk, I bet it starts with, and sp…
It’s really hard to listen to these guys when they jump around like this. So we should jump into the SPY for a 2.5% rally?? It’s kind of a silly call.
We're down 1.6 on the SPX right now, so after this 'major crash' I'm sure the pundits are sayin…
LarryB - agreed. Nobody knows nuttin' and markets will fluctuate. Only things you can do is either stick your head in the sand (and money in the mattress) or stay in the game and remember the markets are like flying in a plane: control what you can …
The bigger question might be, will crypto be deemed accceptable only if it's a 'legitimate' digital currency controlled by a central bank? If so, to many that would defeat the purpose of crypto being a global currency existing outside the soveriei…
Anything is dangerous in the wrong (or uninformed) hands.
In crypto's case, IMO it's just another vehicle to invest in. I would trust Bitcoin or Etherium versus any number of 's--tcoins' out there as something that might be fun to invest/trade/spe…
Supposedly the buy-side and sell-side 'analysts' don't coordinate the timing of release of their guidance, but I still don't trust Wall Street to play fair, even if it's the law or SEC regulation. A Chinese-firewall sort of thing, I think.
Neverth…
The SEC allows funds a 60 day lag in filing their annual and semiannual reports (also their quarterlies).
https://www.sec.gov/rules/final/33-8393.htm
Worse (or better, depending on your perspective), funds will be phasing in the annual report equiv…
I suspect i's merely for optics. Having a bunch of funds priced < $5 probably makes them feel embarrassed. Heck, I don't remember seeing a 'reverse split' for an OEF before, come to think of it...
I don't believe in automatic rebalancing. To me, that's an idea brokers thought up to churn accounts and earn order flow payments or commissions from.
If anything, I may reallocate some holdings across different SECTORS as appropriate based on mar…
IIRC, back when I held it, Josh Spencer ran the fund fairly aggressively, too ... but he managed it quite well. I always liked PRGTX but think it got a bit reckless and IMO became addicted to Hopium(tm) in recent years (like Cathie Wood), so perhap…
I'm thinking that "Level 3 assets" is nice-speak for "mostly garbage".
Yup. Banker- and Regulator-speak, with words appropriate for "all audiences." :)
See this for a more appropriate description:
..... Just checking up on JRSH. Not for the first time, I notice extreme bullshit activity in that stock with the effing "shorts." Overnight, the price is driven up, then it will crash during market-hours. Just like my ill-fated foray into Chilean u…
It did not really take much doing. I just filed a complaint with the SEC with the details like Ticker symbol, share amounts, price change etc. IT took about ten minutes.
I had a similar thing happen several years ago but for only 20 or 30 busks dif…
Congrats!! I'm glad that the SEC came through for you in your situation!!
Something similar happened to me when I first began trading futures. The broker's active platform had gotten really laggy and wouldn't always update immediately when I bough…
Bought 1000s DUK/pA to put some excess cash to work. Getting a qualified 6.05% dividend yield for at least a year or until whenever it gets called.
Hoping to get CHSCL at par should it get there again. It's creeping closer...
Rick's Corollary: "Most investors first, if not only, focus on the potential profits -- but those who survive first consider the potential risk."
*cough* crypto, MBS, CDOs, etc, etc, etc. *cough*
