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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.
@old_Joe,
BA hired a new CEO, who will be based in Seattle and not at their HQ next to the law makers. The other good news is, he is an engineer. He came out of retirement to take this job.
Lucky for BA that the market did not care for its (su…
An interval fund could work for institutional investors.
He could have started with a 5-year term CEF with an opportunity to extend the term with shareholder vote, which is a more captive capital than an interval fund.
My advice to him now is "…
"He also named some investors he said planned to participate in the IPO and some he said weren’t. Such details typically are closely guarded and Ackman wrote the letter assuming it would remain private."
Assumed or more like the way he would like r…
Rick, the WSJ info is stale.
The headline I posted was a Bloomy Alert - at that time detail was not available.
To my request for details of the IPO, the following is from Gemini :
Pershing Square USA IPO Cancelled
Pershing Square USA, the closed…
Thanks.
Below are my highlights which did not make me think we need to have a runaway stock market but cap weighted indices begged to differ. I guess the reaction between AI and micro caps is telling.
Statement: "The economic outlook is uncertain…
https://bilello.blog/2024/the-week-in-charts-7-29-24
A disturbing stat - 8(d) "There are now about 3 times as many stock mutual funds and ETFs in the US as there are publicly traded equities."
A few of my securities, including XMHQ, are currently lent out by Fidelity under the securities lending program and I get paid interest on the lent out securities. The same securities in my Schwab accounts which are also enrolled for securities len…
@BaluBalu. If you are referring to restoring my relationship with Schwab the fruit basket did no such thing. My one brokerage/banking simplification plan is being revisited. Some ok pears didn’t change a thing.
NO.
@MikeM,
I can absorb up to 5% loss before exiting. But I am not going to increase it which means I am going to exit sooner than latter to reduce clutter in my portfolio. I have not found the magic pill / perennial longevity fund. When rates were…
My experimental money has room (fewer experiments running at the moment). I am usually a good test for lady luck.
July issue of Monthly Commentary has two good articles on International investing / funds: one each by Devesh and David. Check it o…
@staycalm, Thanks.
I have been tracking my portfolio since 2107 and I do not think M* portfolio tool has changed / improved much since then.
One last question. Do they have quotes and charts for OEFs, CEFs, and ETFs for free?
Ackman's self serving politics are a turn off for many people who control institutional money and it is difficult to raise $25B in the public markets without institutional participation. Lack of redemption opportunity does not help institutions, gi…
Thank you, @StayCalm. I started with M* portfolio tracking and I manually update my changes. Does Empower allow manual tracking? I am a bit hesitant to give one service provider access to all my financial accounts for them to pull info into one …
@Staycalm, I have not heard about Empower before you mentioned. Checked it out on Wikipedia. Can you do a quick promo of Empower for us ( e.g., why and how you use it)? Thanks.
Thanks, @Graust.
The swing voter and decider of election outcomes in both of the last two elections and perhaps the next one too is not the demographic of this forum. So, any manner of activism posts in this forum has the same value as taking a du…
@staycalm,
Thanks.
Your allocation info is what I was looking for to see how large an Alt allocation you have. I thought it might be easy for you to just copy and paste from your portfolio tracker and so I made a broader request.
The purpose o…
Here's my portfolio, all commentary welcome! Some of the positions are due to 401k limitations.
QLEIX, CEDIX, QMNIX, NICHX, CELFX, CCLFX, QRPIX, IMPCX, GENIX, MRFOX, XPEBX, CPIEX, DODGX, DFALX, CPEFX, FPADX, TRAIX, CORFX, CBARX, FTIHX, JAAA, BIVIX,…
Chat guys do not necessarily know everything. When in chat, always ask for a supervisor if you are uncertain of the answers. They always connected the supervisors without a question. Chat supervisors are a lot more knowledgeable and are really in…
Bumping the thread.
Why is everything Nuclear I follow getting hammered today? Renewable energy stocks are doing well today. No middle ground for this market?
Good to see Bitcoin diverge from equities and from tech equities in particular.
In service business you can have two of the three: Quality, Cheap, & Fast but not all three. At least that is what I used to tell my clients. If you are dealing with a brokerage, you are more likely dealing with a situation where time is of th…
BF,
I am reading your objective with VELIX is to beat SPY over a 5 yr period, starting now, which is a narrow, targeted focus than the broader theme you explained 2 days ago which prompted my suggestion to look at the broader fixed income space. …
Fixed income, even in junk land, is holding up pretty well today. Even though spreads are suffocatingly tight, look forward to VELIX performance against fixed income during the current equity reset.
@hank, Thanks for the additional insight into your thinking, including consumer staple substitution for long bonds. I like your skeptical take on what you read from fund manager and Barron. I agree that if someone is at it for 7.5 yrs and still ha…
"I’d never want to defend a buy or sell."
@hank, You never need to defend what you do with your money. If I ask questions, it is because either I am trying to learn or spur thoughts for (help) the person I am asking questions of. No other motive.…
@BenWP,
Please check if XMMO is a passive fund that follows an index and how much discretion the managers have to deviate from the index. Please feel free to post your research and related links (e.g., link to fund site). I would make it easy fo…
Thanks, @hank. Very generous of you.
Is P/E 22 the new P/E 12! Seems like everything worth owning these days is P/E 20+.
If it is a turnaround story, P/E is likely to be high and I can overlook P/E.
Mark Schneider has been there for 7 years. I…
Not all boomer candy provide downside protection. VELIX May provide downside protection through its shorts and options but as an active fund that does not have mandatory hedging like JHEQX, VELIX hedging results can only be viewed in hindsight but …
