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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.
Added to my CMS/C position in my income portfolio.
Is this convertible? I suppose not, given the 6% stated Div. Is it uncommon among utilities to issue convertibles?
I second Schwab Chat. I have used them sometimes, especially after hours when the assigned team does not work.
The Reps on it do not seem to be less trained than the telephone Reps but do not assume everything the chat Reps say is correct, even t…
Thanks for the replies. I have a BoA card that pays 5.25% for all online purchases and 3.5% for groceries. Costco Citi membership card which I also use for travel pays back 5% on gas and travel. For everything else (tax payment, health insurance,…
Ok. That answers the question on comparison. It did alright on 3 and 5 yr comparisons but the difficulty is how does one know when the recent periods' underperformance is going to end. Same questions apply to all lagging active funds (e.g., MRFOX…
I was not following this thread. I received an offer for an Apple Card and it says 3% cash back and no fees whatsoever. Anyone with Apple Card please comment why it is not better than the Fidelity card or even the BoA CC that pays 2.62% on all pur…
If it is a "flexible alternative fund," then may be it should be compared to something like QDSNX. The only fund that should not be compared to anything is the one that is a "buy and forget" fund, if there is such a thing, especially if investors d…
No, we can express gratitude to any service provider. Because we in this forum have written pages and pages of angst from financial service providers, it was easy to mention them.
It does not have to be “beyond call of duty.” It can simply be do…
I do not own this but am surprised by the fund owning nearly 40% in bonds and only 13% in equities. So, it is like a bond fund that has a small sliver of equity, which we see in other bond funds. Many bond funds beat this fund over the past 1 year…
Long time employees did not learn new behavior but it is the Congress that is the enabler. As long as voters live in partisan bubbles, none of this will change.
Fall guy for sure.
+1 Mike Wilson just turned bullish. Sell all? :)
May be not yet. Just move to near the exit. The guy from JPM (Mark K) has not flipped yet. If he thinks he will lose his job if he goes against Dimon's pronouncements, and he may never flip.
Too many employees and not enough work, given productivity gains from automation / computerization. They are bored out of their minds, what else do you expect. It is all our fault for expecting too little and giving them whatever they whine for. …
There's no cost basis accounting in tax-sheltered vehicles.
You might find the following relevant:
I have a long standing mutual fund holding in my IRA but in March I had some idle cash in the account and I added to that mutual fund, which is subj…
Bumping the thread up.
BF, what do you plan to use the fund for? Buy and hold, trading, or something else?
Looking at the chart, I did not notice any diversifying aspects. It likely will be less volatile than SSO but more volatile than SPY.
@Old_Joe, Mike said those are IRA accounts which I do not believe can attract margin debt. IRAs have limited margin capability to avoid good faith violations - to allow us to buy before sell orders settle.
@BaluBalu Can't you place the buy in $ amount instead of shares ?
I will look into this which might solve some problems. however, that does not change Schwab’s requirement that I place a sell MM first. I always try to buy in round lots so I have f…
@MikeM,
"[R]eopen a new limit purchase order. You don't need cash in the sweep to do that, but if or when the order does go through you will need to replenish the sweep from the MM" "I only have IRA accounts at Schwab."
More than one of my IRA ac…
There's no cost basis accounting in tax-sheltered vehicles.
The field is to whether to currently take into account Amortization / Accretion and also whether to pick constant yield method or straight line method, which drive adjusted purchase price, …
Baseball Fan,
If you include the ticker and links to resources you have already reviewed, including a link to the fund site, you are likely to get optimal participation / responses.
Schwab says,
"Fixed Income Amortization/Accretion
Per IRS requirements, Schwab defaults to the "On" setting for amortizing and accreting the cost basis on your fixed income positions.
Amortization applies to bonds bought at a premium (above par).…
Just an update -
as of today's close the purchased lots information (purchase date and price (cost basis)) seems to have been fixed. But please check your accounts if that information is important to you.
They are not going to fix the dividend r…
A slightly unrelated question.
Fidelity taxable brokerage account allows us to write eChecks. If you write a Fidelity eCheck (it is actually on a UMB bank, N.A. bank) when you have a security lock on your fidelity brokerage account, does the eChec…
The service fees in my case was 2.2%. In my CC account the transaction posted as from the county for the tax amount and a separate service fees from a processor for the 2.2%. I will have to see if the tax amount is not treated as a purchase. If t…
Thanks, @msf. It is 2 5/8%. You are correct, it is the merchant's characterization that controls. So, as you say I will make some money even without the free interest.
I asked Gemini and it says Santa Clara county treats the CC payment as a pu…
My bureaucratic retirement plan custodian issued the cheque made payable to Schwab FBO my name, instead of cheque made payable to Schwab FBO my name rollover IRA, notwithstanding my written instructions in their portal to issue the check in the name…
FWIW, KMI, a C-Corp, is the more popular (than any other midstream asset I know) among the Form 13-F filers.
ET has done very well in the past year and heavily subscribed by their CEO. I stayed out of it cause of K-1.
This thread is getting flushed down the sewer pretty fast but Old_Joe's home maintenance tip with "thin stuff" is useful. My neighbor spent $5K on sewer line repair because evidently tree roots went into his sewer line just before the sewer line co…
@JD_co,
No worries. Just let us know in advance!
I thought BIVRX has been closed. Did you mean you added to an existing position or bought a new position? Thanks.
P.S.: I am expecting QDSNX to return to performing.
"Boeing said that the company believed that it had honored the terms of the settlement"
That old BELIEF! We know beliefs are facts for many.
It is the justice department's fault the way they agreed and let the implementation of the deferred pro…
@yogibearbull,
Good chart. Since the last FOMC / press conference when Powell took rate hikes off the table (5/1), MRFOX is lagging substantially behind any moderate allocation fund I follow or the proxies for MA funds (HELO, PHEFX, etc.) this for…
@junkster, Thanks.
Could you please elaborate what you meant by, "I received my checks for my taxable account as promised a few days before the transfer."
I have been a Schwab customer for more than 2 decades and held only mostly permanent positio…
Read the article and the complaints in there are garbage and the reporter is lazy, going for easy hits.
But the useful information in the article was that only 10% of the accounts were moved in the final batch this weekend. Schwab did not learn …
@rforno, They have been migrating accounts in stages for more than a year and they had migrated employee accounts first. Since mine (and @graust) were one of the last accounts to move over, I thought Schwab would have figured out all issues by the …
