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.
If I remember correctly, March 2008 was just the "appetizer", not the "main course" GFC that started in Fall 2008. Early in 2008, a couple of Bear Stearns hedge funds collapsed. Most investors went on with their merry-ways thinking that Bear Stearns…
I found old Fund Alarm archived pages at Wayback Machine/Internet Archives (nonprofit)
This page is from 12/29/08. Free sign up may be required. This is as close to a true time machine as one can get.
https://web.archive.org/web/20081217024432/http:…
It seems Fido has Venmo but not Zelle yet.
Schwab has Zelle.
My bank & credit union have Zelle. I have it active only at 1 place as a unique phone# is required. If I want to activate another Zelle, I would have to use email. There are daily/mont…
Linking accounts with different titles requires paperwork guaranteed with Medallion Signatures. I had to do this years ago when I linked my Schwab Brokerage to my daughter's JPM Chase bank a/c. It took about 2 weeks after I mailed the paperwork. Onc…
Bankruptcy is in some companies' business model: Grow rapidly with lots of borrowed money, stiff the lenders by filing bankruptcy, emerge from bankruptcy in some sustainable form, rinse and repeat.
I think that Argentina has perfected that model am…
@Mark, on PC mouse, there is left-click (more common) that opens the link and right-click (less common) that open a menu.
@msf, true, image link must be .jpg (lower quality), .png (higher quality), etc.
So, if an image link doesn't end that way, …
Congress staggered the terms of Fed Chait and US Presidents by 2 years.
A recent tradition is almost monthly meetings between the Fed Chair and the Treasury Secretary (representative of the Administration) to provide regular and orderly communicati…
Well, covered calls don't have downside protections unless puts are also bought. But that will cut into the income/premium from calls.
There are also funds with collars but their goal seems to be to just beat the money-market funds.
CNBC VIX seems more current than that at Yahoo Finance. Anyway, VIX of 62 means expected daily volatility in SP500 = +/- 62/19 = +/- 3.26%. Cryptos are collapsing too - they have high correlation with Nasdaq Comp.
CNBC https://www.cnbc.com/quotes/.V…
Nikkei 225 was down -12.40% overnight. It's now down -25.85% from mid-July high. Global markets are also selling off but not to that extent. VIX has spiked to 52.
Geico had a loss in 2022.
It then cut costs and jobs, raised premiums, gave up some market share to become profitable in 2023.
Results of turnaround are showing in 2024.
It margins as % of premium have improved to 17%. Changes in profit levels alone…
Balance screen may update overnight only. If you cancelled an order, and if the system allows it, you can buy with those funds. I have margin, so these transient issues don't arise - there won't be a margin impact.
Although Powell said that the FOMC is NOT looking at larger 50+ bps rate cuts, the CME FedWatch is showing precisely that. There are also rumors at X/Twitter of a pre-September FOMC rate cut.
https://www.cmegroup.com/markets/interest-rates/cme-fedwa…
There is now a standard construct for newer term-structure CEFs with the life of 12.0-13.5 years that several CEFs follow. Examples are from Nuveen, Pimco, Thornburg, etc. Variations are also possible but may take longer for SEC approval.
All Edgar/SEC filings for PSUS.
https://www.sec.gov/edgar/browse/?CIK=2002660&owner=exclude
No filing yet to withdraw the IPO. But it must be coming as that has been leaked to the press.
The last filing is dated 7/30/24 that indicated a sharpl…
Post-Conference Notes by YBB
Rates were maintained - fed funds 5.25-5.50%, bank reserves rate 5.4%, discount rate 5.5%. Treasury QT continues at the reduced level of -$25 billion/mo, but MBS QT remain at -$35 billion/mo.
Inflation target remains +…
There is news today that Project 25 Director has quit & the Heritage Foundation is putting the Report & related PR on back burner. It's just a think-tank report that no one commissioned or endorsed.
The US is a melting pot of immigrants. But the path to naturalized citizenship is long. In many families, one or more members may be noncitizens. Briefly outlined in the link from IndoUS Tribune (a local community e-paper) are situations where your …
Agree with @gman57 - edit & move to Discussions.
Minor tinkering:
In stocks, you have LCG and LCB. May be switch LCB SP500 VFIAX / VOO to LCB total stock VTSAX / VTI.
In bonds, may be switch from Total (investment-grade) Bond market VBTLX to …
I am a bit familiar with Empower as it handles 401k of a relative. But I never looked at its free personal investing dashboard. Looks like it is only an app without a PC version. I will try to find out what info is available without setting up a log…
Market-neutral (50-50 long-short) global ESG quant fund from Bridgeway. High expenses of 6.17% after 1.38% waiver until 11/1/25 are from a complex absolute-return strategy.
Roth IRAs became popular after 2010 when the income limits were dropped.
Rorh Conversions don't require earned income.
But recently, the stretch was eliminated for most beneficiaries - now most inherited IRAs must be drained in 10 years & annu…
$25 billion?
Oops! After the roadshow, Bill Ackman will be happy with only $2.5-4.0 billion CEF PSUS initially. He will hard-cap the fund at $10 billion - doesn't he know that "C" in CEF means closed, & they don't grow like OEFs or ETFs? To get…
@Charles, I didn't see the note at the top and was looking only at the legend below. Either place is fine, but you may want to note that this rollup is for flows AND AUM. As I noted before, different websites present AUM data differently - M* now on…
That's good - to show totals for the oldest asset class. But expand the note at the bottom to indicate this.
Looking at DODGX, it seems that the main display has total flows and total assets (checks with total $109.1 billion at M*; Fido has class A…
New poster, welcome!
There are several areas of the MFO Website:
Discussions - Funds (OEFs, ETFs, CEFs) related
Other Investing - Non-funds related and general strategies
Off-topic - With little or no relations to investments, or investment topics o…
@Mona, even within categories, active manager styles vary, so it's OK to hold 1-2 active funds in the categories you hold. This isn't an issue with index funds.
I would be comfortable holding 25-75% in a fund.
Diversified Funds https://ybbpersonal…
@Crash, that RMD amount calculation for younger spouse applies to T-IRAs and 401k/403b. There are several RMD calculators; the sponsor or the plan may provide calculations.:
https://www.aarp.org/retirement/required-minimum-distribution-calculator/
h…
I posted on it a few days ago and highlighted,
"Morningstar's John Rekenthaler starts with a simple but unusual observation that if 2 assets have the same long-term (LT) TR, then rebalancing will definitely benefit the TR."
In all other cases, reb…
Often recommended limit of 5% applies to individual stocks to reduce company specific risks. So, people holding only stocks (i.e. no funds) should have a portfolio of 20+ stocks.
Must funds are diversified, so they can be held at much higher levels…
L-S lite, 130-30 L-S funds were popular at one time. Fido also had one too. When that fad passed, firms changed the names.
Something similar is going on for ESG now.
One important takeaway is that it’s still preferable to roll Roth 401k/403b into Roth IRA.
Levine’s interpretation of an obscure clause is that when beneficiaries are “Designated-Non-Eligible” (a common situation), and death occurred after the RMDs…
BLNDX / REMIX name has "Multi-Asset". I checked that those include stock ETFs, long-short derivatives and cash-equivalents to support derivative positions - and that it!
This isn't what a typical multi-asset fund has - stocks, bonds and alternativ…
I have margin in (taxable) a/c at Fido and Schwab. Although I no longer use margin debt (so, my margin loan balance is $0), I like the benefits of the margin feature in easier trading - orders can be entered with zero net impact on the settlement da…
A disturbing update.
Nonbank fintech apps Yotta and Juno provided customers false or misleading assurances that their money was safe with FDIC insurance. Synapse handled that money as intermediary between Yotta, Juno and the FDIC insured banks (Evo…
