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.
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 …
I probably will regret but I sold out of FNMA. I have been watching a lot of Trump trades reversing in their post election price bumps and this turned down today for the first time in a week.
David, My trade frequency is not much at Fidelity but I asked Fidelity to classify my account as an ATP account, even though it did not meet their traditional criteria for ATP classification and they obliged. (They do not want you to move to anothe…
Before you go too far into the weeds of researching this, pl check (and report back if u do not mind) in which brokerage this fund is available and whether this is some type of interval fund (i.e., restricted redemptions).
Good post BaluBalu.
I think that 13 voted for Rick Scott but he was 1 vote short of advancing. And, then a we know, John Thune beat John Cornyn in the runoff.
MAGA was pushing hard for Rick Scott. He was the CEO of Columbia/HCA (now HCA Healthcare…
Good attitude cause we ain’t seen nothing yet. Best to conserve energy. You can not win if you do not survive which requires being humble which means not taking it personally.
My suggestion to everyone is help if you can when someone needs help…
At Fidelity I myself have never been connected to a trader without going through a rep first.
I am surprised. I always seem to connect to a licensed broker who can place trades for me without having to pass me on to someone else. It so happened, …
Agree with MikeM.
Also all appointments have to get past John Thune, the new Senate majority leader, who easily defeated Rick Scott in the Senate leadership election today. Every Republican Senator, except the 8 that supported Rick, have a vested …
Something that @msf had mentioned previously and it is worth noting for anyone thinking of opening an account at Merrill. In the IRAs, your mutual fund sell order has to settle first before you are able to use the proceeds to buy anything else. I …
That was a joke + sarcasm at Americans who advocate / cheer for more Presidential power. Of course, it is egged on by pundits in the media and sycophants looking for powerful Govt jobs. Enablers are not without personal ambitions of their own.
I'll place this link again, if you haven't saved it for viewing. Take a peek, for some of today's action.
ADD: you may use the link to follow the sectors markets when the U.S. markets are open. One may bookmark this page or save the link to your e…
Thank you, David, for the detailed reply.
QLTY is too focused (not diversified enough) so it can make idiosyncratic price moves. I would recommend SPHQ to anyone exploring Large Quality factor. I happen to own both.
