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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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
@Derf, I think CrossingBridge can fix this if they act right away.
Hi @David_Snowball (Prof. Snowball), do you mind alerting David Sherman to my yesterday's post in this thread? I could send an email to John Connors but this matter needs David's…
Yesterday, 12/26, NRDCX had YE distribution (0.07c) of cap gains and dividends and reinvested those distributions at $10.10 per share (10/26 NAV). Its NAV on 12/23 and 12/24 was also $10.10. In other words, the fund did not mark down the NAV by th…
10 yr Agency with 1 yr CP are now available at 5.7%. I bought the same Agency a month ago at the same rate but only 6 mo CP. With 10 yr Treasuries moving up 30+ bps, Agency did not have to increase their rates because they are able to play with CP…
"I don't have your fears or trust issues."
You are making big, big assumptions about my fears and trusts. I have no reason to be fearful or have trust issues about something I do not have any knowledge about.
In this thread posters shared how …
@dtconroe,
I shall wait for @msf or YBB to reply to my post. I know it is an imposition on them because neither of them is seeking to invest in CU deposits but their reply would be a public service (as was my post - there are plenty of fish for m…
Most of us know how FDIC insurance works and troubled banks are resolved but most of us have no understanding of how deposit insurance works at credit union level. Please educate us with examples of how depositors of CUs were protected (or not pro…
Of the 12 Bitcoin ETFs, both the cheapest ER (BTC - 0.15%) and the most expensive ER (GBTC -1.5%) are from Grayscale (0.25%).
When IBIT was introduced its ER was 0.12% until Jan 11, 2015 or until $5B in AUM, whichever comes first. Currently $50+B…
@dtconroe,
In your first post today, you used the words "callable" and "non-callable" to mean the opposite of what they are commonly used for in the CD / bond land. Seems like everyone understood what you are trying to convey but it made your post…
This "Charts for your wall" episode should be pinned to the home screen for easy reference / reminder. @Observant, is it possible to duplicate your first post today also into the OP because today's post will be long burried?
I was surprised it …
YBB,
Thanks for the perspective.
Good to know a AAA insurance company can keep one up at night for years.
During GFC, I had many times over the FDIC limit in a savings account at a money center bank. I did not lose any sleep because I know th…
I was ranting, though I try to inject some humor to make it easy for others to bear my ranting and to make myself bear the situation. There is some truth in all of comedy.
I was on a break from posting at MFO. I usually try not to get outraged …
"Any guarantees are from the insurance company, so stick with highly rated companies."
If the guarantee we are relying on is the insurance company's credit rating, why not look at their or other corporate bonds as well or do annuity products come w…
@msf,
"No loss of principal, "high" rate that cannot drop, some liquidity, and tax deferral."
Could you please elaborate on your “No loss of principal” comment? I know next to nothing about annuities, except having looked at them superficially …
All it took was a secrete vote.
The Republican committee members that voted (via the secret vote) to release the report can ask me for a campaign contribution, though I should not have to bribe them for doing their job. It seems like a lot of Co…
@FD1000, Your post has nothing to do with my post you quoted in your post. I have enough trouble with forum members speed reading my posts and misunderstanding them. I do not need on top of that for you to quote my post out of context. Please re…
Trump had warm words about TikTok while TT appealed to the S Ct for stay of execution.
"“You know, I have a warm spot in my heart for TikTok because I won youth by 34 points and there are those that say that TikTok has something to do with it,” T…
X-airs and C-airs.
You may be on the right track. We might need a variation of your suggestions because the first one is used to mean certain sound applications and the second one is too close to an eye condition.
bumping up this important thread.
anyone biting bonds with 10 yr at 4.4%?
some of the new issue and secondary trades i looked at today indicate market participants are behaving like we are peaking for now on the 10 yr yield.
If you traded in an IRA how large can one go specifically in IEP without having to worry about UBIT? Was the K-1 painful?
Since you do not need much effort to get up to speed, may be it worth a relook at IEP. It is sub $10 a share now.
Do we have single words to describe people who have $10M and $100M? These days $1M is too little and $1B is still too large. A millionaire is a trivial word now and a billionaire is still not that common.
@catch22,
Wider picture but the CNN article is just a reminder of the wider picture.
if my statement sounds incomprehensible or improbable even after a week, send me a PM, I am more than happy to share examples of how we are the enablers.
Ever…
@BaluBalu
shifted FROM prwcx in non- taxable accounts to giroux's new fund.
I am assuming you are talking about PRCFX, which I do not own. I only own PRWCX of his products.
You can check the prospectus for both funds to see if he has unlimited f…
@equalizer,
I know of a distressed credit manager who keeps 100% of his investment between SPY and QQQ, depending on whether he wants to tilt to extra growth. My taxable account (mostly ETFs) is wildly profitable compared to my IRAs because I can…
I must admit having listened to this episode of Compound, I do not remember Rick preferring bonds over equities or vice a versa. But I remember he talking about companies’ margin expansions and the growth drivers for US economy. He did say 18% ret…
David G is calling we are in a bubble territory for equities not seen during his career. Evidently, PRWCX is 5% underweight at 56% equities. I am guessing it has to do with the higher discount rate. May be he is betting 10 yr interest rates to st…
Did you guys notice that many online savings rates are sub 4%? MM are still way higher. I guess when that flips, we will start sharing online bank rates. I would like us to keep this thread alive in some form.
Not a recommendation but when billionaires on both side of the isle hold Bitcoin, what do we think are the chances Bitcoin will wilt like Tulips?
Legally making money does not forgive mental frictions. I would not mix moral indignation and legally…
