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.
@Crash,
I have seen their power grab. By doing so, they have drawn everyone’s attention on to themselves.
We are here - “Let us see how they use (misuse) the power, in addition to imposing their ideology on the population”. One way or the oth…
YBB,
Why bother buying and holding any index of small or mid caps? Tech companies go public these days as near large caps. So, very little growth potential left while in these indices. Seems like loss potential to zero and limited upside for comp…
Thanks for the reminder of reality and my own experiences. May be I should get a tattoo for every negative experience!
@yogibearbull, I forgot about those flash crashes. Is that we are in a low vol regime (quick dip buying) or PP really works to…
"Maybe people are connecting the jobs report to Powell's recent comments that have been interpreted as dovish."
Dovish may be for rates but not for equities where the action really stunk. Lower rates across the curve and mid, small, and micro equi…
Continuously usurping as much power as possible, Scotus are the puppet masters. The rest of the world are the audience.
@old_Joe, The above is from a couple of days ago. You and I are on the same page.
People give power to elected officials an…
So, I guess short term economic reports overwhelm even the 10 yr relative to longer term political winds.
Over in the UK, overnight, the Labor party had a land slide victory, doubling their seats in the parliament, while the Tories (conservatives…
Today's 10 yr rate is 6-7 bps lower than before the last presidential debate which was blamed for the past week's rise in yields.
what is the reason for the big move down in the 10 yr rate today?
Thanks, Equalizer. Blackrock will make their ER one way or the other. I am assuming they did not write the collar and so whether the collar was mispriced (and thus offering us a higher cap) is not their problem. They would want the cap to be as h…
Thanks @Devo. if we are to earn the dividends, that is another 1.4%, for a total of 12% return if we the full cap is realized at the end. I will take that.
@equalizer,
"Long term 100 year 1 year rolling returns shows market up about 75% of tim…
@Devo,
Please check out MAXJ holdings. Investing in IVV (not Treasuries) and using a collar (selling calls at the cap and buying a put at the buffer). Would love your insight into why MAXJ has gone for holding IVV when it could have held Treasuri…
Thanks, @equilizer.
Innovators has six 100% buffer ETFs, four of which are July products. 2, 1, & 0.5 yr measurement period (or defined outcome period) products. We discussed about innovators earlier in the thread.
I have to check out the Bl…
Thanks, @Devo, for the explanation about CPSJ construction.
I am not averse to paying fees but I would rather buy an investment grade fixed income product that more guarantees to give me a 6% return at the end of the measurement period than CPSJ'…
@Devo,
I would appreciate you indulging us (me) in figuring out the usefulness of this product in the current fixed income environment.
(Reading the article from Oaktree (Oaktree thread by @Mark) spurred my curiosity to extend the discussion on…
Thanks, @WABAC, for adding the link to the article.
For those that are color challenged (blind) -
https://www.morningstar.com/columns/rekenthaler-report/boomer-candy-sweet-treats-or-investment-toothache
I have not read JR's previous articles on…
CPSJ for July started yesterday. Not well subscribed yet. In the July version, Starting cap dropped from the May version, CPSM.
https://www.calamos.com/funds/etf/
Note that with these products, there is no guaranteed positive return, there is …
I learned today that JR from M* has written a few articles on the subject. There is a new article from him on the topic and may be someone can link that article here.
@hank, I was not throwing you under the bus. I specifically left the time trail for other to see so you are not in the cross fire.
My first reaction to Derf's question was in the same jest as his question; afraid this thread could derail fast in…
@catch22, I and others did not think or assume that you intend or meant to make this a political thread. I am open to whichever direction you want to take the thread.
Whether the thread should be moved to OT or stay where it is, my previous post s…
Yes
Edit: but @catch22 should have a say as it is his thread. Some one can help contrast today's decision to the one given in Nixon's case. In any case, I am not sure how today's ruling would impact the US capital markets in the short to interme…
Congress persons already have such immunity. They should extend the same immunity to all Judges so all three branches can enjoy the same privileges. In due course, they should extend that privilege to all corporate officers. E.g., bribes (gifts) …
Just an FYI - I am using about 10% of my total credit limit but 50% of that one card. I had previously asked and had CC companies decrease my credit limit, not knowing what percentage of available credit one is using is important.
Any way, I thi…
Yes, that kind of steep insurance increase is an eye-grabber. Let us know if you are able to confirm a link between the insurance increase and credit. I’m thinking probably not.( But I specialize in denial).
Thanks for sharing @BaluBalu.
There is n…
I have posted in the insurance thread that anecdotally I have observed that home, auto, and health insurance premiums are worse for poorer zip codes - that is based on my personal experience of living in different zip codes and also by comparing wit…
@hank,
I have one of those payment holiday cards that requires only minimum payments every month, which I am guessing is about 1% of the account balance. The balance increases every month because I keep charging it to that card.
I did not set…
@stillers and @graust,
I have been adding to NEAGX steadily hoping it will perform. Today I sold everything not subject to the 60 day Fidelity STRF. Thanks for your NEAGX posts.
@BaluBalu
I provided as much detail as I ever have/intend to provide online about our portfolio at this thread:
https://www.mutualfundobserver.com/discuss/discussion/comment/177280/#Comment_177280
Here's an update to our Market Portfolio (MP) after…
@stillers, Thanks for your posts.
Do you mind clueing us in for why you exited NEAGX? I see the negative momentum with - 1% and -5%, respectively of 3 and 1 month returns. But what is your expectation going forward that caused you to throw in…
@WABAC, Thanks for the link.
I have not looked into the fund rules (by prospectus) for syncing up with the index.
I expect passive ETFs to have cap gains of any kind when constituents get acquired or are otherwise eliminated (as a publicly trad…
I do not keep up about XMHQ, as it is passive.
I would check Invesco website for composition of distribution. M* says all income.
I have some of it in my taxable account.
"Schwab found ways to earn back quickly that account transfer bonus they gave me"
But of course. Every business needs to make a profit somehow. You can bet that Fidelity or any other brokerage is also shaving a few dollars here and there. Just go d…
@BaluBalu : Are you using T's instead of CD's to catch the tax break given by states ?
Added : Or for protect against Bank failure ?
My investing actions are not always rational. I do a lot of things out of laziness. I am still learning about my…
Hi @BaluBalu You wrote: My Treasury positions at Schwab and Fidelity matured on June 15 Fidelity moved the money to sweep account
You're using the term 'sweep account', so this transaction is within a Fido Cash Management Account?? I ask, as a stand…
My Treasury positions at Schwab and Fidelity matured on June 15 (Saturday). ... Schwab did not show anything last night and added to cash this [Tuesday] AM.
Unlike Fidelity (at least from what other posters here have written), you can trade online …
Makes sense. So, Schwab not giving my Treasury maturity proceeds until today and tomorrow being a holiday, I lose interest on those proceeds for two extra days relative to the same maturity at Fidelity. I guess Schwab found ways to earn back quick…
This almost feels like the moment when PRWCX announced closure and I snuck in before building a sizable position that's done okay by me .... I'd be inclined to get a toehold in it now, but not thrilled about having to create another account just for…
MOAT reconstitution / rebalancing is on Friday (6/21). Since the last quarterly reconstitution / rebalancing, the fund returned negative 2% while SPY returned positive 7% during the same period.
@hank,
There is a lot of froth underneath the surface.
look at the relentless insider sales at HIMS and the relentless retail purchase of the stock.
Since they announced about 2-3 weeks ago about getting into weight loss drugs, there are a lot o…
