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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.

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dtconroe

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dtconroe
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  • There does seem to be a bump in CD interest rates this week, apparently in response to the .75% Fed interest rate hike last week. There appears to be more movement in the shorter term CD rates (1 month, 3 month, 6 month, 9 month, 1 year), but a slig…
  • Mike, In your experience buying CDs at Schwab, have you been "docked" in any way for the "float" that Yogi is referencing? @dtconroe, no, I don't believe I've ever been "docked" anything for purchasing CD's through Schwab. I understand the talk abo…
  • @dt. Obviously my loss of interest for a week might not be much. But the interest picked up by Schwab from the collective weeks of hundreds if not thousands of investors might be something. It does not stop me from buying lots of CD’s and I am gl…
  • We seem to be talking at cross-purposes to a degree. For example: Just today I bought a "brokered" CD through Schwab. The market is closed today, but the transaction will occur tomorrow, and my cash account at Schwab will be debited tomorrow. Howeve…
  • I am waiting to hear something specific, from someone who has purchased a brokerage CD at Schwab, about a "docking" of their account, for the "float" interval. I have not seen that in my Schwab brokerage account, but maybe someone else has.
  • Thank you for the update @dtconroe. I also buy from Schwab and what you state has been my understanding over the years. Schwab clearly states that all banks on their new issue list are covered by FDIC. Because all the banks listed are FDIC insured, …
  • Yogi: "Well, Schwab (and Fido) are also docking us (the buyers) for the float when the money is taken from the account several days before the settlement/issue date. That is what @Derf was concerned about his CD purchase. That also concerns me for c…
  • For the individual purchasing a CD through Schwab, why is it important to know how Schwab gets reimbursed for selling FDIC insured CDs for Banks? If the individual purchasing the CD is not charged any fee for the purchase, and the individual gets th…
  • On the Schwab CD quote page, under New Issues, they organize the CDs by term (1 month, 3 month, 6 month, 9 month, 1 year, 18 months, 2 years........), and the listings are only for FDIC insured banks. For each Bank listed, they then give a clear st…
  • CD rates quoted by Fido, Schwab, etc are net of any platform fees that offering banks have to pay. Buyers are not charged any additional fees. Brokers are not required to disclose their internal fee info. Buyers should be aware (and check) the FDIC…
  • On Schwab, they offer a long list of CDs offered by "FDIC" banks, and the rates I quoted above were from this list. The CD list clearly states what the CD interest rate is, when the interest is distributed (monthly, quarterly, semi annually, at mat…
  • Schwab is offering a 2 year CD at 3.10%, a 18 month CD at 2.7%, 12 month at 2.65%, 9 monrh at 2.1%, and 3 month at 1.8%. It takes a minimum of $10,000 for a CD. I am expecting these rates to increase substantially during the last half of 2022. L…
  • Everyone will put their on spin and expectations on this bear market, strong probability of becoming a recession. For me, I am 74, and 9 years into retirement. My focus is to preserve my accumulated assets, and to do my best to make a positive ret…
  • I have no interest in the market right now--just too much going on for my taste, so I am in Schwab Money Markets. I will watch for some momentum breakouts to the upside, but for now, I will watch from the sidelines and plan my summer vacation trave…
  • AndyJ: "Also, munis have ~ flatlined in this historically positive time." Yep, HY Munis are not as compelling in this period as I have seen in the past. I have a chunk of money invested in this category, but the rewards so far have been tepid. I…
  • I suspect we are now beyond the 2020 crash rebound period, and I think we will have to accommodate more rising interest rate impact. I don't have strong predictions about particular funds, but I am expecting bond oefs like IOFIX will come back down…
  • Terminology becomes a confusing issue in these kind of threads. "Short Term Bonds" is a category of M* and permeates search functions at various brokerage houses for competing funds in that category. Short Duration/Limited Duration is often a desc…
  • I consider BL/FR a more conservative subset of corporate HY Bond OEFs. I am also considering adding more corporate HY bond oefs, but my interest is in short duration HY bond oefs--2 of my favorites are CSOIX and HYSZX.
  • It seems this thread is started to be dominated by FR/BL funds. It was not my intent to hijack this thread from the OPs original intent. MSF gave a more detailed analysis of MWFLX, according to M*. The OP is a Fido investor, and I am a Schwab inv…
  • Fred: "Here is what dtconroe said about the fund in January 2020:" "The Bank Loan/Floating rate bond oef, that I would most likely invest in, is MWFRX/MWFLX. It is from a stable of bond oefs, offered by Met West, and it has an established history of…
  • If you want to leap outside the higher investment grade categories of Intermediate Core/Core Plus, I am a proponent of starting to dabble in Floating Rate/Bank Loan funds. This category has been one of the most consistent and strong categories for …
  • I use to be a fan of MWTRX, but stopped owning it a couple of years ago--glad I did after seeing its abysmal 2021 performance. I am not a fan of Intermediate Core/Core Plus funds which have struggled overall in 2021. If I was only interested in a …
  • I don't predict rates. All I am saying is that BLs have done very well in 2021, and fund families do not start funds, because they think that fund will not do well going forward. Fund companies want to attract new investors, and if you do not have…
  • My reasoning for "suggesting" that Artisan starting a BL fund, is just based on "my" general observation, that some of the major investing families, will often introduce a new category fund, or an additional fund in an existing category, when they v…
  • Looks like a bit of evidence that BL/FR will be a strong bond category going forward.
  • I bought RPHIX in 2021, as a CD like alternative, for my cash holdings at Schwab. I do not expect it to make an impressive total return for my investment, but my experience thus far, is that it has done a good job of exceeding the total return that…
  • I don't "overlook" Vanguard, but until they demonstrate some skill sets in the NonTraditional, Multisector bond, and Intermediate Core Plus categories, where you are challenged to move between varying sectors of bonds in the portfolio of a given fun…
  • This is of interest to me, but I am suspect of Vanguard's investing approach. They are a traditional "passive" investing firm, dependent on very low management fees, which is not a glowing basis for more active management of multisector and core pl…
  • stillers: "So fred's primary reason for owning is "its consistent total return performance" with his need/desire for HYB exposure as a secondary reason." I am quite sure Fred does not need to have you speak on his behalf. I have had several forum …
  • I have been following the various discussions about OSTIX on various investment forums (MFO, Armchair, Big Bang). I have done some additional due diligence on this fund recently, just to see if I have some renewed interest in possibly owning it. I…
  • I am a Schwab brokerage client, with a preference for their Institutional Class offerings. I use Schwab Research/Screening tools to identify available Schwab funds that fit basic total return performance results, with an emphasis on performance cha…
  • I did not go back and see how long ago it was the OSTIX classification changed from the M* Multisector Bond category, to the M* High Yield Bond category. Instead of using the phrase "a couple of years ago", I should have used the phrase "a few year…
  • stillers: "100% bond OEF Investors seem more than capable of justifying TO THEMSELVES that their strategy is a worthy one. Using Dick as an example though is one of the more creative ones, but does little to convince me that what they're doing remot…
  • I owned OSTIX for many many years, and M* chose to place it in the multisector bond category during those years, even though it held almost exclusively high yield bonds. Supposedly, the reason from M* had to do with its prospectus statements about f…
  • There are many different kind of investors, with many different investing objectives, so the answer to that question varies with each investor. "Smart" is only relative to whether the individual investor is successful at meeting their personal port…
  • Sounds like you have made up your mind--hope you are pleased with it!
  • IMPORTANT NOTICE ON PURCHASE OF FUND SHARES Effective as of 4 p.m. on June 18, 2021 (the "Closing Date"), Retail and Institutional Class Shares of the RiverPark Short Term High Yield Fund (the "Fund") are closed to new investors. After the Closing…
  • How much would a $50,000 investment in RPHYX, expense ratio of 1.05 lose over a 10 year period compared to RPHIX expense ratio of .90? RPHIX would have a transaction fee of approximately $50 at Schwab. Bobpa, FWIW, I put RPHIX and RPHYX, on the M* …
  • Gohmert represents the district in Texas I live in. This is a very conservative district, and Gohmert is strongly supported here for his deeply conservative philosophy. I find him an embarrassment and think the Republicans can do much better in th…
  • Here’s what PRWCX manager David Geroux said recently about IG bonds as an investment: “What I would tell you about rates today is that the risk/reward on Treasuries or IG [investment grade] is so poor, it gets a situation where if rates stay static…