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M-mkt regulations are quite tough now. Look around, there are hardly any small m-mkt funds - they have been merged or liquidated. It was unheard of just few years ago for firms to offer m-mkt funds from other firms, but now, some even offer a menu o…
There was indeed confusion in early-2021 and there were revised versions of IRS Publication 590-B. See the contemporaneous discussion at another site. So, it wasn't just the matter of carefully reading the regulations.
https://big-bang-investors.pro…
Unfortunately Move isn't accurate and can't tell you when to get out in a timely manner and why I don't look at it.
Link
Your link provided doesn't even mention MOVE, so it's unclear what you tested and why it "isn't accurate"?
Every data point d…
Ratio $MOVE:$VIX indicates relative bond (Treasury) & stock (SP500) volatilities. Ratio trend line has been rising (200-dMA 7.76) with wide swings around the trend line. Chart is for 3 yrs.
https://stockcharts.com/h-sc/ui?s=$MOVE&p=D&…
$MOVE is now recognized by StockCharts, but its history is from 03/2021 only; Yahoo finance has recognized ^MOVE for quite a while and has a longer history.
https://stockcharts.com/h-sc/ui?s=$MOVE&p=D&yr=1&mn=0&dy=0&a…
Interesting that Jamie Dimon's concerns have been quoted widely, but his wide rate range of 2-8% is skipped in these quotes. All he may be trying to say that as the largest bank in the US (TBTF, SIFI, etc; also largest globally by market-cap but not…
DJT secondary filed for 146,108,680 shares of common stock and 4,061,251 Warrants (exercisable at $11.50; STRANGE, as options/warrants typically have exercise prices ABOVE the current prices).
https://www.sec.gov/ix?doc=/Archives/edgar/data/00018496…
It's about oil that had runup already to WTI $85 and Brent $90. But it didn't move much after that. Similar for gold. Only cryptos showed real-time moves (at one point, Bitcoin -8%, digital-gold +32%) when none of the markets were trading, but those…
There is not much that trades over the weekend. VIX was to be trading 24/7 somewhere in the world, but it isn't there. Even gold trading takes a short break over the weekend.
But, cryptos trade all the time. So, looking at it over the last 12 hours…
There was some sort of breakdown in a major feed for PRWCX.
Prices were posted correctly YESTERDAY at Rowe Price and M* websites. But they are still stale at many places now on Saturday.
Yahoo is totally messed up - it shows stale price on the Su…
Fund NAVs are different for various classes, and for the ETF classes in case of Vanguard. Fund prices are set by the number of units outstanding for the respective classes. They all have the same underlying portfolios.
@hank, that is stale quote for PRWCX from yesterday. Many sites are still showing stale info from 4/11/24 (Yahoo Finance, MarketWatch, etc). Probably will fix in the next update of the evening.
But Price website, M*, etc are showing the correct inf…
Schwab Securities Lending
https://www.schwab.com/securities-lending
From related Schwab FAQs,
https://www.schwab.com/securities-lending/faqs
"Currently, most accounts are eligible. However, it should also be noted that employer‑sponsored retirement…
According to a Twitter LINK, Fido is asking for 15% of the revenues generated from the Fido platform to waive $100 fee on those ETF buyers at Fido platform.
Posters are asking, why not such fees for stocks or CEFs? Why single out ETFs?
Revenue-shari…
My Banking Direct (MBD) has among the top rates for high yield savings (5.55%) and CDs. Its parent is NYCB, the former rescuer that is needing a rescue itself.
This problem has been pointed out before - banks in trouble often offer the highest rate…
@Derf, in one of the rare times now, energy and gold/silver are both moving up, and PRPFX is overweight in both of them. It's stocks are doing well too. That explains why it's on a roll.
There is a thread on securities lending at BB with Fido focus. VG (or Schwab) program should be similar. If you signup, you have to hold some hot securities.
Even if you don't signup for securities lending program, your margin agreement allows broke…
This is also reflected in the Price TDFs (old Retirement 20xx, newer & tamer Target 20xx) that are among the most aggressive. Fidelity TDFs are tamer, Vanguard TDFs in the middle.
Fed TSP TDFs (with limited choices) are superconservative.
Like other specialized areas, options have their own terminology and linguistic shortcuts. FWIW, I had no difficulty in understanding the articles by @Devo.
@hank, this T+1 (vs T+2) rule for stocks/ETFs/CEFs was adopted 2 years ago. Brokers were given 2 years to make changes to their systems and 5/28/24 is that final date. So, who wants to deal with a broker who couldn't fix this in the 2 year window?
Trade violations are governed by the Federal reserve and the SEC. Brokers may only tinker those a little bit in terms of giving warnings, imposing restrictions, the number of violations allowed.
Basic principle is that do whatever you want with you…
Comfort Sys/FIX (nice ticker) is a Houston-based HVAC company and is an infrastructure play on construction boom.
KRUZ has oil/gas, infrastructure, tech in Top 10. Ticker CRUZ wasn't available, so it's KRUZ.
NANC has tech and media in Top 10.
BTW,…
@BaluBalu, GEV started trading LAST week as GEV.wi (when-issued), so there is a few days of history prior to 4/2/24.
Schwab still shows cost basis of $0 for GEV, so % shown for GE, GEHC, GEV aren't meaningful. Moreover, % for GE will depend on the …
Despite a good sendoff by GE and generally positive analyst recommendations, GEV lost power today (i.e. sunk). It made the new-lows list today, -17% from high in its rather short trading life.
M* JR has a great piece on Kahneman (& Tversky, his mathematical collaborator who died young at 59 in 1996). After the Nobel in 2002, Kahneman said that it was really joint for him AND Tversky, but unfortunately, Nobel isn't awarded posthumously…
MFO Premium Watchlist has the following for funds:
Alpha
Beta
MaxDD
R, R^2
SD, SDdownside
Sharpe, Sortino, Martin, Reamer, Ferguson
U/D CR
etc
The main issues are that (i) timeframe isn't customizable (although there are several built-in timeframes…
@msf, thanks for noting the PDF edits.
I am going by my actual experience with my margin accounts at both Fido and Schwab where the initial purchases of anything (including the m-mkt funds) don't become marginable for 30 days. Then, at the end of t…
Fidelity Fee Schedule, https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Brokerage_Commissions_Fee_Schedule.pdf
"Certain ETF sponsors pay an asset-based fee in support of their ETFs on Fidelity’s platform that supports services in…
FYI, separate PV runs for core-plus FBND & foreign VXUS show US stock market benchmark for MPT data.
Same when multiple funds or portfolios are run.
MFO Premium Watchlist (extended results) show fund beta with respect to SP500 AND Best-Fit-Ben…
I have held GE under Culp.
So, earlier, I got some GEHC.
Now will get 1 GWV for 4 GE.
Old GE = New GE + GEHC + GEV
GE that was under Jack Welch has basically died and this is a new GE under Culp - he had retired from Danaher but was called upon …
MPT stats Alpha and Sharpe Ratio (in the PV runs, Metrics tab) also capture the essence of the comparative evaluation of funds with their beta-bogeys (beta% in appropriate benchmark).
Alpha > 0 means that fund outperforms its beta-bogey, alpha =…
@yugo, MFO Premium has several timeframes built-in, but timeframes are otherwise not customizable. This applies to MultiSearch, Portfolios, Watchlists.
So, MaxDD is indeed available for the built-in timeframes.
That last sentence is NOT new and has been in place, "Please note that ETFs that are supported by their provider through an asset-based fee (and exempt from the service fee) will not be marginable for 30-days after purchase."
