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BaluBalu

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BaluBalu
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  • So, Schwab is using your money for 8 days for free on a trade. I think that is egregious in principle, notwithstanding zero rates on their cash products. If it is a margin account with no idle cash, would they charge margin interest between today …
  • You have been right about your inflation expectations expressed through your iBond purchases, starting last year. Glad I followed you into them. From your TIPS purchase, I am deducing that you think that inflation expectation expressed by market i…
  • Just an FYI - As we have discussed more than iBonds in this thread, those going to TreasuryDirect.gov are better off starting at the Research center sub tab within the Individual tab. https://www.treasurydirect.gov/indiv/research/research.htm …
  • Thanks, Mike. That is very good rate for one month CDs. Are those new issue or secondary? At Fido, the 2 yr CDs yields are higher than those of the 2-yr Treasuries. For all lower maturities, Treasuries currently yield materially higher.
  • Fidelity has all the new issues announced listed, except the FRNs. That is consistent with what their rep had said.
  • Edited my post to substitute “address” for “direct.”
  • I have been buying Treasuries. @AndyJ, how does one figure out whether Fidelity allows auto invest on a fund one does not already own? Thanks.
  • "BaluBalu" "when it comes to the relationship between economic data and the stock market, better or worse matters more than good or bad" That's something to keep in mind for the stock market...as well as politics. I am curious, what prompted you…
  • Very interesting market commentary from Liz Ann Sonders at Schwab - https://www.schwab.com/resource-center/insights/content/land-confusion-soft-or-hard?cmp=em-QYD
  • @stillers, I did not know that was your natural style and entertains you. I am very familiar with the art form you are talking about and have dealt with it daily during my working life.
  • @stillers, Thanks for the follow-up. JMO, I would not spend so much energy and effort with disclaimers - definitely not on my account. You can just say directly what you want and it is up to the readers to do what they want with the info you pro…
  • https://fred.stlouisfed.org/graph/?g=OmP9 https://fred.stlouisfed.org/graph/?g=OmPs https://fred.stlouisfed.org/graph/fredgraph.png?g=OmOY
  • The rep said he will call me after 12 noon EST on 4/21 to discuss the announcement and placing the order for me because there is no way for me to place the order myself. Per your suggestion, I marked my calendar to check Fidelity (and Schwab) websi…
  • Tone of fixed income (including Preferreds) CEF managers' commentary is a good tell and worth paying attention to. I have not yet looked to read them.
  • No, the rep said FRNs even at auction have to be through the fixed income desk rep. I said to the rep that I will likely place online order for the next week auction and asked him how much time / days (between the announcement date and auction date…
  • Given that they copy every thing, why would there be a false pride in using / copying western vaccines? My wild guess is that lock downs may have little to do with vaccines and more to do with the inherent social inefficiency of a one party rule (a…
  • @yogibearbull, Just an FYI - The listing (disclosing market pricing) of secondary 2-yr FRNs is not available for retail customers to see at Fidelity. Probably the same at other main stream brokerages. We have to call the fixed income desk and th…
  • Not a critiq but want to make sure readers get a full picture. The fixed rate on iBonds issued in 2000 was approx 3.5%, which may have helped them go up nearly 250%. But those issued in 2004 with a fixed rate of 1% have not yet doubled in value ($…
  • @stillers, If I understood your post correctly, I think you are not suggesting investors to now get into FFGCX. I think your only suggestion is to get into "ST CD/TNotes ladder (6 mos - 2-yrs, the latter being the sweet spot)." Is that correct?
  • @yogibearbull, Unrelated to the OP. From your weekly summaries today - "By keeping things simple, Costco/COST is even challenging Amazon/AMZN. For fwd P/E, COST 46, AMZN 43 (and that includes Amazon web AWS); for P/EBITDA, COST 22, AMZN 16. Most…
  • Q1 equity mutual funds conversion to ETFs - "16 mutual funds (from 6 different issuers) with over $40 billion in assets converted to ETFs in 2021. Those ETFs attracted $4.7 billion in net flows since converting, with 12 out of 16 funds converted se…
  • Three times both stocks and bonds lost in two consecutive quarters (see link below). You can make your bets on whether 2022 is going to be another such year. https://www.fidelity.com/bin-public/060_www_fidelity_com/images/Viewpoints/AT/chart-of-the…
  • The index (13 wk T-Bill) rate re-sets every week. Assuming the spread rate is zero, a two year FRN is expected to yield about 0.8% currently. It was at 0.4% only a month ago. Given the Fed expects to keep raising the Fed fund rate and otherwise re…
  • I am not trying to divert attention from the OP but I am surprised there is no discussion / mention of the 2 yr Treasury FRNs in the recent clamor for inflation protection.
  • Thanks, Yogi. I guess I will go with Fidelity, unless we get a feed back from others to the contrary.
  • @Yogibearbull, Because you included the announcement for 52 wk bills, I am presuming those are your preferred maturities at this time. Which of the Fidelity, Schwab, Vanguard, etc. brokerages is your preferred platform for buying (and later selli…
  • Good point. Next week we have three Fed officials speak, Monday - Bullard, Tuesday, and Thursday - Powell. I can not imagine much soothsaying from the Fed next week. I was hoping equities would go up today to take some recent paper profits, inste…
  • Thanks for posting about these good funds in a painful category.
  • Very interesting. Lately, Bearish sentiment seems to run to 2 SD high on a whim at least once every month. At what point does a 2 SD Bearish sentiment lose its signal value?
  • "What I’m trying to get at with the question is if there were no cap on the I-Bond amount, to what extent would people sell equities and other riskier investments in order to lock in that attractive I-Bond rate?" It would be useful to edit / add th…
  • We live in a fascinating world where fixed income is treated as a source of capital gains!
  • while we do not put as much emphasis on the Bullish reading, I do not remember seeing a bullish reading this low in 10+ year but again we are talking about my memory! Is it possible that PPI is higher than CPI because of supply constraints because …
  • Not an Aficionado, but Yes, all of my bond allocation, which is currently in cash. But if I had already bought Treasury Notes with that cash, I would sell to go into iBonds. I have not seen the WSJ article you mentioned but I do not need to.
  • Respectfully I disagree. Hindsight is always 20:20 of course but here are some stats on VWINX and a few others over the last 3 year period. I have not looked at the 5 and 10Y stats but pretty sure that other funds have done better than VWINX in term…
  • MAFIX was recently discussed in the "What are you buying . . ." thread. I figured this post belongs more here. Q1 information is now available at the fund site - https://www.abbeycapital.com/multi-asset-fund/ Also, I have noticed some members ha…
  • Yes, you can. Some have bought in Dec 21 and Jan 22.
  • @BaluBAlu, buying T-Bills now at brokerages or Treasury Direct is better than m-mkt funds. https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202204 Tha…
  • With a lot of discussion about folks building up cash %age, note that fund flows into equities have not slowed this year, while flows into bond funds are negative (redemptions, no surprise there!) and to my amazement, flows into money market funds a…