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Another issue at Schwab is that a scheduled cash transfer is moved AHEAD to finish on the stated date, and/or if the stated date is a holiday. This may ruin well-intended transfer plans.
https://www.mutualfundobserver.com/discuss/discussion/comment/…
@BaluBalu, when there are multiple ways of doing something at Vanguard, some are more preferable than others.
In the case you described, "Exchange" would have worked fine for simultaneous overnight exchange. If "Exchange" involves non-VG fund(s), i…
"Vanguard imho has become unfriendly to the small investor"
Well, that happened a long time ago. Some were just drinking its PR coolaid of "low-cost" and being "owned by shareholders" BS. Of course, VG must have polled its shareholders for their op…
@Sven, I am not buying more I-Bonds, but am holding the ones I have.
Comparison should be with 5-yr T-Note (4.64%) and 5-yr TIPS (2.25% + inflation).
For maturing T-Bills, also consider Treasury FRN USFR; FRNs reset (variable) rates weekly to 3-mo …
There was a question on this - why hold rates (to keep the policy tight), but reduce QT (to make the policy a bit easier). Powell said that its main tool was/is the fed fund rates and QT is of secondary significance. Reducing QT also helps with m-mk…
Post-Conference Notes by YBB
Rates are maintained - fed funds 5.25-5.50%, bank reserves rate 5.4%, discount rate 5.5%. Rate hike(s) unlikely, but may hold rates as long as necessary. Need more confidence in inflation data before rate cuts. Inflatio…
I have a small rider on activist Boaz Weinstein's ETF of CEFs with ticker CEFS. He has been quite successful against big firms.
Be careful punching tickers as CEF is something else - a Canadian gold/silver bullion CEF.
Why does the SEC approve thes…
@MikeM, deductible limits may depend on insurance co. Liberty Mutual has them as $100-5,000 or 1-10% of home value. Don't know if they will make exceptions on request.
https://www.libertymutual.com/insurance-resources/property/home-insurance-deducti…
@Crash, may be it's different now.
When I first tried to trade after-hours years ago, I was directed to call a number. When the Rep started going over the typical risks, I said I was familiar with all that. The Rep insisted that he must still read …
When my auto insurance went up, I did increase my deductible. So, that is a valid idea. The level depends on what hit one is willing to absorb.
BTW, at least with auto insurance, if a small damage, don't even call insurance. That will count against…
Schwab GTC used to be 60 days only, but now it's 6 months. Day-order (expires at the end of the day) is also an option. One thing nice is that if, say, you have 500# GTC order, and only 200# get filled on some day, then the rest 300# will remain GTC…
In the meantime, I checked that ETF CCOR is recognized by Yahoo Finance, StockCharts, MFO Premium, M* Investor (strangely, the name Core Alternative ETF is recognized, but not the ticker CCOR). M* Home recognizes the name Core Alternative ETF, but t…
@hank, at the bottom of M* emails, there are clicks to Unsubscribe and Update email preferences (it will show all current subscriptions and you can cancel one or all). I looked for ways to get to these tabs from M* Homepage or Account info, but coul…
@Mona, in 2023, USFR income was 99.9868% from US Government obligations (FRNs), and that was exempt from state taxes. The small nonexempt remainder was probably due to operational cash.
FZROX is a total STOCK market fund with zero ER. Fido makes money from securities lending and lower index fees from a former subsidiary. Despite its ticker, it isn't related to Treasury Zeros.
Yes, think of Zeros like brokered CDs and ignore their interim volatility. But Treasury Zeros are much more liquid than CDs, in case you have to liquidate the ladder early. With CD ladder, you may get a haircut for early liquidation.
Check out Fido'…
@hank, it's easy to setup, say, a DIY 5-yr Treasury Zeros-ladder. It will have a duration of approximately 2.5 years, comparable to a short-term bond fund.
For Zeros, duration = maturity, so a 30-yr Zero will have huge volatility.
@hank, these are target-maturity bond ETFs and mentioned were BSCP, IBTE, IBHF. These do have regular distributions. Within the last few months of termination date, their portfolio progressively turns into cash. But maturity price cannot be predicte…
I used ICSH for years. USFR was a recent addition. Different approaches to ultra-ST bond funds. On my watch list is JPST if I want another. I never warmed up to MINT.
These are genuine inv-grade funds. I don't use ST-HY for this purpose, but have IT…
I don't know if these Flow-tools can indicate data frequency from the data source. The line-plots are shown as continuous, sometimes with lines connecting the discrete points - an acceptable practice - so it can be confusing.
Also be sure to update…
FLOW tool is very interesting in that it shows how AUM, fund flows & TR are related (or not).
Asset and flows data are monthly for mutual funds/OEFs, daily for ETFs.
But in checking some TIAA/CREF VAs (QREARX, QCSTIX, etc), daily data are sho…
@rforno, new M* Investors (subscription) does have downloadable 1- or 2- page PDFs. Here is a sample for FMSDX that I uploaded to PDF Host and linked below for demonstration. More can get me into trouble. In the old days, these PDFs were free at M*,…
@Observant1, free Instant X-Ray is gone. But X-Ray still exists within the old M* Portfolio (Premium) and the new M* Investor (subscription).
Some of the reported problems may be just due to the old M* Portfolio Premium subscription expiring and ne…
Simple reason is that brokers' NTF platforms have fees in 25-50 bps range. Small firms without their own distribution units have no choice but to pay those. Even larger firms like Pimco, American Funs/Capital Group, etc pay those NTF platform fees f…
A great source of info on I-Bonds and TIPS is @TipsWatch (David Enna) at X/Twitter. LINK
From 4/10/24, https://tipswatch.com/tracking-inflation-and-i-bonds/
There is hardly any info on this new ETF WZRD at ETFdb, Yahoo Finance and M*. So, see my previous post for link to the ETF website with its own pitch, Prospectus & SAI.
ETFs are hot, so many people and firms are rushing to offer high ER ETFs instead of, say, more appropriate interval-funds for their strategies.
https://opportunistictraderetf.com/
Fido has a less volatile real estate hybrid FRIFX (RE equity & fixed income) in addition to all-equity FRESX. Rising rates have hit RE. Benchmark is ETF VNQ.
A new complaint about naked-short-selling filed by DJT.
"Reports indicate that, as of April 3, 2024, DJT was “by far” “the most expensive U.S. stock to short,” meaning that brokers have a significant financial incentive to lend non-existent shares.…
DJT has filed instructions on how to prevent shorting of the stock.
2 steps are common and typical - move stock to the cash side (from the margin side), discontinue securities lending program.
2 other steps mentioned may have fees - moving stock t…
At Vanguard, reinvestment isn't available for some ETFs. I suspect that it may have to do with liquidity as VG reinvestment program is VG (broker)-sponsored. VG accumulates all reinvestment orders and executes a market order soon after the payout da…
