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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.
Trying to figure out if this is the thread where we discussed Schwab platform being behind Fidelity for Treasury and Agency purchases, I noticed that we completely destroyed this thread with off (thread) topics. With apologies, I go one more time.
…
I had some issues with my Healthequity account. The first line Rep said I did not know how to use their website and I immediately asked for a supervisor. The Sup had a completely different attitude. She started by saying she is confident of solvi…
@BaluBalu Around July 15th is when MRFOX updates the website with new info. Updating after quarter-end is the most efficient for them. The PM also writes, "However, I'll kick this to our marketing and ops folks to see if they have thoughts. And then…
@hank, I used to own fixed income CEFs until sometime in 2021. After that I switched to trading them but not regularly as fixed income volatility has been high. Except for MLP CEFs, the only equity CEFs I ever owned are preferred stock CEFs which…
@hank,
Unless I have a longer view, I do not hold CEFs past the day before the ex-div date. This month I sold some even on ex-div minus 2 days, which is not common for me. I sell mostly on ex-div minus 1 day.
One of the ones I sold, sold off …
Good point on the liquidity issues if not adjusted for free-float. I guess liquidity is paramount for capital markets functioning.
I see heavy insider selling in some company shares for nearly year and no insider buying. I am also seeing hedge …
@yogibearbull,
I am starting to notice that a lot of indices are free float adjusted in applying their primary criteria. That is like poring oil on fire and feeding further into prevailing retail sentiment. Is there an implication in the reverse …
@dfp749,
I see you are getting a lot of participation. I am a slow reader and a slow writer and so, I shall let you guys have a productive discussion without my interference.
If I may ask a favor, at any point, please make a stand alone (not as …
This is from a few minutes ago and i was surprised by the magnitude of change
https://www.cnbc.com/2024/06/17/nvidia-to-get-20percent-weighting-and-billions-in-investor-demand-while-apple-demoted-in-major-tech-fund.html
This seems to be the October 1 - Sep 30, 2025 outcome period version of CPSM which started on May 1. Not sure why they picked Oct 1. May be they received interest with enough size for that date to make it worthwhile for them.
It is the same with shoes. You should wear them at least once in a while; otherwise, the soles will just crumble. I stopped working soon after I bought a couple of pairs of formal, expensive shoes. When I took them out after a few years, the sol…
Anyone that transferred HSA to Fidelity,
I would like to gather your personal experience which I recognize may vary and could be different from my eventual experience:
Did Fidelity reimburse any fees charged by your HSA provider for partial or fu…
@BaluBalu RE: MRFOX I'll get back to you.
Appreciate it. Not having more contemporaneous fund info is making it difficult to hold. I hope they put out commentary at least once a month. When the fund is underperforming is when we need to hear more…
Credit user davidmoran for sending this link:
https://www.snideradvisors.com/blog/dividends-play-a-big-part-in-performance/
@dfp749, That is a promotional material meant to appeal to one’s deep seated anchor, if any. I am more inclined to read the …
@dpf749: "PRCWX traditionally lags its peers further and further as the year goes on, then distributes a massive dividend and CG payout in December, putting it squarely back in the pre-tax Total Return lead."
@BaluBalu: "@dpf749, I do not think it…
@dpf749, I created a thread for you here https://www.mutualfundobserver.com/discuss/discussion/62401/is-tr-of-an-oef-directly-proportional-to-the-amount-of-distribution-paid-by-the-fund
If you would like me to change the subject or OP, please draft…
@dpf749,
It seems you feel you have a nuanced view on the general subject you have been discussing in this thread that others are not zeroing in on. Since your view is not limited to PRWCX but applies to mutual funds in general, do you mind openin…
@Observant1,
I am with HealthEquity and they do not allow in kind transfers either and my State does not recognize HSA which means State taxes to liquidate and move. I may still do it if the market crashes in 2025.
But you may have leverage I do …
@msf,
I made this single sentence paragraph to set it apart for a reason - "The fund commentary indicates the fund was not static and had turnover during the quarter."
If I stated the following in a separate paragraph perhaps it would have been ea…
@stillers,
While I am not directly invested in the AI theme, I would appreciate you telling us when you think it may be time to get off the semi-conductor or Nvidia trade train (or when you sell). I know from your posts that you are directly inves…
@msf,
You spent all that time and effort for your reply post which I read and re-read three times to see if I can get any value out of it and I could not find any.
I recognize there are posters in this forum at different levels of knowledge, dil…
@BaluBalu The only thing I can add is that she isn't sure about when to close the fund, specifically would it be unannounced or be announced later. She said, "I don’t know but we don't particularly want to accelerate the pace…."
Hi Dennis, Do you …
@Baseball_Fan,
Concentrated funds are OK as long as the managers are not averse to portfolio turnover. M* shows MRFOX has zero turnover (8/31/2023) and AKREX at 2% turnover. Not sure what the current MRFOX turnover is. I was hoping with heavy in…
They took nearly 1.5 yrs to move client assets in stages. The final May 13 move involved only 10% of accounts. (After my account moved, the Schwab Rep put me on hold and accessed my TD account.)
I have not withdrawn money from an ATM or from a teller since before Covid. I just keep the ATM card as a back up if my credit card can not be used.
I never signed the back of the credit cards and so did not know that the new ones do not require y…
Schwab website seems to breakdown more often these days. In my accounts the cumulative Day's change today, at the top of the positions page, is more than +50%. But the actual change is correctly negative.
Yesterday, they had log in issues. I cou…
@rforno, thanks for the ProTip. I sent a few suggestions and issues to fix to Schwab through their message center because I was not sure if there is any Schwab internal follow through for my over telephone conversations. Some of which were outright…
High D/E companies (and funds) which tend to be more in the Value camp did not do well today after the hawkish tilt during the presser. I would have thought the real news is the CPI release and today's presser really did not have any value but the …
Thanks @msf and Dt. Somethings for me to consider. I am unlikely to transfer more assets to Schwab for a while.
Just curious why does Merrill still keep the Merrill Edge platform which was useful when there was commission on stocks and ETFs. I…
@yogibearbull,
In my multi-tasking I did not catch this - "Internal review of the Fed will start later in the year." Could you please elaborate?
Also, did JP say that two months in a row of data is not sufficient for him to assess if there is a d…
@msf,
The Merrill cash bonus offer looks better than anything I have seen elsewhere. I did not see the program end date if there is one.
I would be interested in an ACAT transfer from Fidelity IRA to Merrill IRA. I checked a few Fidelity funds…
Broadcom also announced a 10 for 1 stock split. It would be interesting to see how the stock price of the last 10 companies that have done stock splits has done over the next six months, 1 year, and two years - just to get a sense for how long the …
@rforno,
Save chat discussion in case the advice you receive is wrong - it does happen. Also, you can politely ask for a supervisor and the Chat rep will get you one. IME, getting a supervisor on Chat is easier than on the phone and these supervi…
