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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.
Thanks. do they charge 0.1% ($1 for every $1K face amount) in transaction fees?
I do not currently have a single Agency bond as every one of them I bought got called. I lost a 6% and a 5.6% for redemptions in the last couple of days.
About AI, Teresa Heitsenrether, JPM Chief for AI was on CNBC in the last couple of days. I tried to find the clip on YouTube (Google AI must have blocked it!). She poured cold water on the productivity gain enthusiasm from AI. JPM has spent a lot…
Thanks. Now that I look at how non-Legacy version looks, it is easier to understand the OP.
P.S.: I deleted my previous post so both your posts are uninterrupted.
I've been doing to same @Level5 for much of this year, buying higher yielding long term callable bonds where you can still get at least 5.5+% until called. I just put an order in for a 10 year from DEUTSCHE BK yielding 5.75% at call. The next call i…
What is the status of TikTok ban / divestment?
The federal government has been talking about it even during Trump 1.0 and TT continues to thrive and increase in value in the US for the benefit of PRC Party in power. There are too many US investo…
Thank you all for the additional replies.
@WABAC, As always, on the money. That is what led me to start with FSCSX and the 25% in MSFT was a turn off for me. I do not mind focused / concentrated portfolios but 25% is too much for a Trump Presiden…
Undervalued but has a potential for upturn - Software and related services, I am told. XESW though has done well YTD. I have not looked why or what is inside it. Not sure why IGV and FSCSX lagged.
Edit: deletions for correction of errors. For m…
Thanks for all the replies. I read the fund page at Fidelity before posting.
25% in one company and not sufficient discussion from the manager about it.
I know there is IGV. I will have to explore what else is available in the space.
Having sa…
Pfizer (PFE) is now yielding nearly 7% dividend (if they do not cut!), in case you are into return on investment. How fortunes have changed in such a short time for this company that presumably saved us from near extinction!
Viagra?
You mean it …
Pfizer (PFE) is now yielding nearly 7% dividend (if they do not cut!), in case you are into return on investment. How fortunes have changed in such a short time for this company that presumably saved us from near extinction!
I pulled up a quote for an ETF on Schwab.com (logged in) and wanted to check the indicative value. It showed a loss of 25% with the following notation.
"Intraday indicative value as of 7:00:00 PM ET, 12/31/1969" [Bold added]
With AI, are the co…
"Bonus: BofA will add an extra 2% cash back (or points) for charges you make on any of its credit cards on Nov 7, up to $2500 in charges (an extra $50 back).
https://promotions.bankofamerica.com/card/morerewardsday"
I charged $2,500 to my BoA credi…
FNMA fell hard yesterday but getting bumped up today (based on the article?). To my knowledge, only two of us here own this stuff and mine is a meaningless amount.
The center of both Parties has to show / say more what they care about. It is not enough to blame what they do not like.
If nothing, as a starting point, we should expect the ruling class to be more transparent and less paternalistic.
Seems like the Justice department is reaching for and trying to grasp straws. This is nothing more than trying to poke Modi in the eye on the way out. I do not want my tax dollars spent this way.
I am not a fan of Adani (there are better India…
MOAT position sold; I had owned this etf in various amounts since 2012, but have been shifting away from it for several months. Beneficiaries have been CGDV, PVAL, and TCAF.
Did you get a chance to write to VanEck about the comprehensive index?
Charts in tools did not work today.
We do not have personal experience with most of the companies in the market like we do with M*. If a crappy company like this can trade at a high multiple, makes me nervous about the rest of the market. May be …
I have asked this in another thread I started.
This thread automatically came up as read for me when I had not read @Crash’s post. Is there a solution to this unintended MFO Discussions feature?
Bumping up the thread for the OP.
I still have to read this week summaries but I am hoping some of Friday’s market draw down has to do with option expiration. All those that decreased equity and supplemented with call options going into elections.…
Even if you did not have HC funds / stocks, PRWCX alone gave you a material HC overweight.
As of 10-31-2024, PRWCX held a 14.7% HC allocation within the fund. Healthcare has just over an 11% allocation within the S&P 500.
You are right. …
Part of my Trump trade was reducing my HC sector overweight. Started before the election. Stopped the three days after election and restarted this week but was not fast enough to eliminate the overweight before RFK was nominated. Even if you did …
@WABAC, once in a century pandemic is not a good data point for planning. Seems like PULS and VRIG did fine in 2022 and while nothing alarming, JAAA chart of 2022 was less than my expectation. I personally would count all three in the dry powder b…
CBRDX - CrossingBridge Responsible Credit Instl. Vary strange name. Are all the other CB funds Irresponsible Credit?!
Any way, Thanks for sharing @WABAC. 60% dry powder? Good for you.
BTW, SPX is back to where it was on Oct 15. IWM is still s…
If I can ask you guys a favor, pl keep an eye on this fund as they are likely to make moves that would create liquidity for shareholders. It is just a question of how soon they get the AUM to their personal goal before they do that. Keep me posted…
I knew it was not a Trump trade for you because you did not post in the past few weeks about it. Hope it works out for you. It is a Trump trade for me. I sold some today because Rick Scott lost. Flyer it is.
"returns prior to 2023 are lackluster at best"
Looking at the strategy in the OP and the chart, I am guessing this fund's duration and performance should be compared to floating rate short term funds accessible at the brokerages. This fund's retur…
@stayCalm,
Let us know if you buy and what you learn.
Pl check whether redemptions are entirely at the discretion of the board of directors. At least with interval funds, you may be able to get out 5% every quarter. A Tender fund may be more r…
@BaluBalu ….it stabilized a bit this afternoon. It spiked up to be my third largest individual holding yesterday, but I’ll continue to watch and wait. Some folks with deep pockets close to Trump have a boatload…Ackman specifically.
I had updated …
