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Good thing (?) is that auto-billing for life insurance didn't kick in as usual. I am on quarterly billing, so late-Nov/early-Dec charges were expected. NOTHING yet.
Will TIAA wave it (-:) or just send paper bill in the US Mail?
As for policies, I …
There are no EOD quotes for PRCFX or PRCHX.
M*, Nasdaq, etc are blank; Yahoo Finance and Price Homepage refuse to recognize tickers; Bloomberg says Pending Listing. May be there was some hitch and it didn't launch today.
https://www.bloomberg.com/q…
Edgar/SEC filings will be under T Rowe Price Capital Appreciation (CIK#: 0000793347)/T rowe Price Capital & Income (Series: S000081993)
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=S000081993
Schwab message for a test purchase for PRCFX,
"1. The symbol you entered is not available to trade. If you have entered this symbol in error, please try again. If you are attempting to place an order for a fund in subscription, thank you, but the f…
M* recognizes PRCFX & PRCHX, but not TCIFX.
Similar at Yahoo Finance + press release https://finance.yahoo.com/news/t-rowe-price-launches-capital-143000063.html?.tsrc=fin-srch
But anything is better than MY Social Security that is a fat $0 - my state employer was exempt but has since joined SSA for newer employees. So, I get billed for Medicare Part B, and both IRMAAs, plus a late-penalty that I mentioned in the previous …
Medicare rules aren't simple or logical. So, I pay late penalty for Part B because of confusion whether retiree coverage allowed late signup (it didn't despite some back-and-forth), but no late fees for Part D as that under retiree coverage was cons…
Medicare is subsidized for all eligible participants. It isn't based on any inflation index. Medicare looks at its estimated expenses and then devises several IRMAA tiers annually with varying levels of income and subsidies. For Part B, participants…
Auto insurance renewal up +17%.
This on top of up +17% last year AFTER I boosted collision-deductible to contain rate increase.
This time, doing nothing.
@Crash, I took your challenge. It seems that pages exist but cannot be found from the main Durable Cap link. The "tech guys" need serious web help. There is also some clickable mumbo-jumbo at the end.
https://www.durablecap.com/team-bios/
His bio a…
Henry Ellenbogen moved on from PRNHX in 2019 and founded Durable Capital. He was/is a member of Barron's Annual Roundtable that is published every January. Amazingly, Barron's kept him as a Roundtable Member even around his 2019 transition when he l…
SEVN is a mREIT that has been around for a while (2006- ). It may be showing up on screens for high YTD, but much of that came in early-January. It does have high distributions, as is typical of mREITs (highly leveraged bags of MBS). Otherwise, it h…
CGDV has Div Value in its name.
M* has it on the borderline between Value & Blend.
M* market-caps (SC, MC, LC) are relative. Others may use absolute criteria & their designations may be different.
Beyond these long-term issues, there is a near-term issue for #OpenAI & $MSFT.
As their current contracts include sharing IP up to #AGI only, the issue for OpenAI becomes whether to more commercially develop #GPT4, or shift focus to #GPT5 (&…
I track ICI fund allocations monthly, so I looked up the recent history.
In mid-2022, when the Fed just started to raise rates, the allocation to m-mkt funds on 5/23/22 was 14.95%. The most recent report on 9/30/23 had it at 18.37%. That +3.4% shif…
The ICI release came in at $5.76 trillion in m-mkt funds on 11/21/23.
Banks have lot of money just sitting at the Fed collecting 5.4% risk-free. Lending business is slow. So, most banks don't need deposits, although some do and are seeking deposits …
@hank: "mutual fund. One conceived back in the ”dark ages” (1986)."
How about 8/31/1976, the inception date of the first publicly available VFINX? 1986 could be a typo too.
In some retirement accounts, similar indexed funds existed even earlier.
…
AF, the champion of the class-mess, can split taxable and retirement classes of its mutual funds into separate funds, close/freeze all taxable classes, and then turn them into ETFs. So, a multistep, slow process.
Well, it is NOT uncommon for nonprofit entities to have for-profit units. Examples include universities/colleges (athletics, bookstores, arenas/pavilions, auxiliaries), TIAA, etc.
The most famous and controversial may have been Howard Hughes' nonp…
There is news on this thriller - may be a great PR in the hindsight. Sam is back, there is a new Board, almost everyone is happy. Here is my take,
TwitterLINK
Initial "new" Board is all external/independent. Don't know how long this will remain.
In…
QLTY AUM is missing at most sites (M*, Yahoo Finance, Nasdaq, Fido), including at GMO. But I downloaded its holdings as of 11/22/23 from GMO site, added up the market values of all holdings, and that is $8.01 million. May be this is what they mean b…
Resource needs are different for OEFs and ETFs.
When you buy OEF from a fund firm directly, the administration part (account opening, transactions tracking, yearly 1099, etc) is the responsibility of the fund firm.
3rd party brokerage platforms de…
@Sven, see Q&A. Fido has all kinds of ETFs - nontransparent, semitransparent, transparent; also, passive, Active.
Q8: Will these ETFs be “non-transparent” or “semi-transparent”?
A: The ETFs will be fully transparent and disclose holdings on a d…
Actually, the ETFs trade at premium/discounts too, but those are small due to their creation/redemption mechanisms. There have been several instances where that mechanism was disrupted for some ETFs and those started trading like CEFs.
There is a c…
CEFs are tradable securities just like ETFs and stocks. They have the current market values but no liquidation dates. They are subject to M&A by activists. Just look at GIM that will turn soon into SABA.
BTW, CEF structure is one of the oldest …
These CEFs with special term-structures have evolved over 2-3 years. In about 12.0-13.5 years after inception, these CEFs will liquidate, but smaller residual CEFs may continue AFTER all shareholders who want to redeem have been redeemed. Prices wil…
@stillers, you got to the right place. Invesco/VZ is a leader in the equal-weight fund space and has a whole bunch of them. Most are ETFs, but some OEFs also. For the fund you found, there are multiple classes with varying availabilities.
VADAX, In…
Thanks @msf.
Unfortunately, writers in the media often ignore the distinction between MA-HMO and MA-PPO (we have that) and only focus on the lower-cost MA-HMO with its associated restrictions. The Original Medicare doesn't have HMO vs PPO and the d…
@WABAC, German Aldi has 2 parts - Aldi Nord (North) and Aldi Sud (South), run initially by 2 sons of the founder, but now both controlled by family foundations.
Aldi Nord runs Trader Joe's
Aldi Sud runs Hofer, Winn-Dixie, Harveys Supermarkets
@yogibearbull, thanks for your work. Can I ask a couple questions so i can not assume I understand the data?
- the SWR gives the "initial" withdrawal for that period? Does it increase yearly for inflation? And finally, it is the withdrawal that wou…
QRA is an estimate by the Treasury of its upcoming financing needs. There was lot of press on it ahead of the October release because the needs of the US have grown substantially and people feared that a haphazard approach to issuances of T-Bills/No…
