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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.
I was trying to follow up on the irritating Schwab MM settlement of T+1 Schwab implements and checked their prospectus which says,
"To purchase, redeem, exchange or convert shares held in your Schwab account or in your account at another intermedia…
Figured I would bump this thread up so members will remember to trade!
Under the title, "Is the Two-Year-Old Bull Market 2 Legit 2 Quit?" Schwab provided an analysis of the current bull market from a historical perspective. I thought it was a good…
Blog - https://bilello.blog/2024/the-week-in-charts-10-14-24
Item 4 discusses the cumulative increase in major CPI categories over the past 4 years and shows Medical care at 8% and Auto insurance at 60%. Why are we measuring Medical care, rather t…
Nobel Prize for Economics sheds light on functioning institutions and their relationship with the people -
https://www.cnn.com/2024/10/14/business/nobel-prize-economics-acemoglu-johnson-robinson/index.html
I saw an S&P target of 8,000 by the end of the decade from a perma bull. While that number looks big, it is only about 33% over the next six years. That comes to about 5% per year or 6% inclusive of dividends and an equity risk premium of only…
@staycalm, Appreciate your optimism.
What is the redline if crossed is a no go for you? My redline - if the fund does not turn around by December and I am still holding it in January, call me out.
I point us back to @Racqueteer suggestion tha…
Thanks, Dennis.
Unfortunately, more of the same. The managers continue to say the market is very expensive. The fund did not participate in the early Aug and early Sept market pull backs. Cash is at 25.4%. There are so many stocks below the M…
Rick,
Many days my account balances at Schwab are wrong by a few percentage points. I stopped worrying about $$ reflected. I just hope that someone is not salami slicing my accounts slowly because I would not detect it as I do not check the Hist…
Today, BA preannounced their Q3 earnings and also announced a cut of 10% (17,000) workforce (at all levels) plus a delay of the introduction of 777X (passenger plane). That should preserve its investment grade rating.
New CEO has to start with cle…
Rick, when humans rely primarily on feelings, without regard to facts, that is laziness. People are not born lazy; they become lazy.
There can be role for collective feelings in an optimally functioning society. E.g., You need leaders for order …
First amendment is to be applied to humans and not to machines. The vast majority of perpetration of falsehoods on social media is by machines (bots), though some by humans. Why are we giving free speech to machines? Because we have lazy citizens…
Rick, so, it comes down to lack of consequences. The more hacks happen, it seems to give permission to others to spend less time, money, and energy on cybersecurity.
Same issue with misinformation perpetuated by social media companies. Lack of co…
I think the article correctly alludes to the AUM game being played by the mutual fund industry vs interval fund industry as the reason for the difference in marks. Too much manager discretion in marks makes timing / luck a big factor in trading the…
I do not know about passive vs active, but what about those that rebalance their portfolios based on equity % or time? But why does it matter whether one is a trader or not? Why glorify one over the other, rather than let people do what they want …
With so many breaches, if a co did not have a breach, it should really feels left out / unimportant. What is the reason for cybersecurity firms or HACK to exist?
Do only companies that have top trade secrets or companies with social security numbe…
Given the extent of data breaches and stolen identities, I do not think I would ever see online voting for federal and state elections, like how some of the advanced countries are able to have.
@Charles, CBRDX is duplicative of RSIIX. Now CB manages RSIIX entirely. They do not need two funds for the same strategy.
Now, I see the difficulty in merging them is the ER. The higher AUM RSIIX is at 0.98% while CBRDX is at 0.91%.
Milton losses must be lower than previously anticipated - amazing that these guys already know the severity of losses.
SHRIX is up 2.3% and EMPIX is up 1%. For this week, I am guessing EMPIX is unchanged and SHRIX is down 3-4%. But all three coul…
S&P 500 - second Lowest ever dividend yield (1.27%) and highest P/E (25) and highest P/S (3.0)
For a different context, current S&P 500 forward P/E is 21.6 while the highest forward P/E ever was in 1999 at 25.5. If one thinks we are far in …
What vehicles are available if you do not want to trade but want to make 2-3% + inflation?
Are yearly Buffer ETFs a worthy consideration? These just roll year after year if you do not sell. If I recall their construction / offering, seems like …
Just to clarify: I believe that the original post was about SIIIX, which is up 18% this year, not about IOFIX, which is up 2% this year.
+1
https://alphacentricfunds.com/funds/siiix/
It is up only 9.3% (YTD - see under Current Fund Performance tab…
FD,
Thanks for the following info:
"What is "now"?
Years ago, using my original system, 'now' used to be 1-3 months but I also looked at 1-3 years just to be sure the fund did well for the short+longer term.
Since 2017, "now" is the last 2-3 weeks…
@Junkster, Members that follow your posts have the burden to remember what you post. You exiting CAT bonds was made clear in your original post and then again when you posted a few ago with your current holdings. I think your disclosure was more t…
CBYYX -2%
EMPIX 1% (between yesterday and today, EMPIX is ahead of CBYYX)
SHRIX -2.9% (another 3% down day - having a larger AUM and thus a better scope for diversification did not seem to help.)
Racq,
Please elaborate: "All that matters is what is at that moment in time."
What is a moment in time in your opinion. One day, a week, a month?
If you are thinking like a Zen master, then obviously, time is not real and there is no such thin…
I would not over-read DS motive. While MFO provides an avenue for Crossingbridge (CB) marketing, we can not say that we do not benefit from useful information posted by DS. After all he is running a business. If it were just a marketing blitz, p…
balubalu: here's what happened last may, tho i don't fully understand it: https://www.artemis.bm/news/cat-bond-market-suffers-one-of-its-biggest-non-loss-event-weekly-declines-icosa/. other than that drop, i don't see any other significant ones in …
@JD_co,
Thanks. The fund is swimming is cash, manager claiming that there is nothing good to buy and then loses 1.41% on the day. What an attitude! I hope you do not own it.
@Dennis Baran,
My comment about ER and distro is to note why the fu…
balubalu: here's what happened last may, tho i don't fully understand it: https://www.artemis.bm/news/cat-bond-market-suffers-one-of-its-biggest-non-loss-event-weekly-declines-icosa/. other than that drop, i don't see any other significant ones in …
@BaluBalu."
Hi @Dennis,
MRFOX down today 1.41% which is unusual. Do you by any chance know the fund's 2023 annual distribution date? In prior years, based on M* info, it distributed in mid December. Why can not I locate prior year distribution…
I see a lot of chatter in this page and it seems a lot of it is surrounding FD. Without me having to digest all of it,
1) what does FD say about the prospects going forward for QQMNX or the L/S category (the, QQMNX category)?
2) Does he say it i…
