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.
Not many real estate hybrid funds around. I know of FRIFX but that may be a tamer RE hybrid fund.
I am also familiar with TIAA QREARX (VA) that is mostly direct real estate. There are many RE equity funds (FRESX, VNQ, etc) and a few nontraded-RE f…
DARPA is a very familiar name in university & industry R&D. It is now a funding agency within the DOD that supports fundamental long-term research.
The DOD also funds lot of applied research for its immediate military needs via other agencie…
The only surviving bears now are billionaire-bears and firm owners/founders. Most other bears with jobs have thrown in the towel.
Unfortunately, this means that shorts have been mauled too. So, this mostly-long market is now subject to sudden up-sp…
@Junkster, you may seen the same posts at Twitter - there are noises that 2023 YTD is shaping as the 3rd down year for Treasuries and "that cannot be". The total bond market and corporate bonds seem to have turned around 2023 YTD. Will that drag Tre…
M* now had downloads only (vs URLs) for many of its documents; its Homepage articles remain open-access with URLs.
I see that some others are also doing this. My guess is that it may be easier to put downloadable documents behind some wall (pay or …
Muni regulator MSRB has an alphabet soup for munis - ESG, GBP, SBP, SBG. The MSRB has been mentioned at MFO, but not recently. It makes the point that all munis don't become ESG.
https://www.msrb.org/Making-Impact-ESG-Investing-and-Municipal-Bonds
CAPITALIZATION vs Bold
All CAPS are screaming. That would be bad as would be all bold.
But selected CAPITALIZATIONS often substitute for bold at many discussion forums.
Many sites don't have bold (Facebook, Twitter, etc). Some that have it don't …
From 2022 M* Category Classifications,
Foreign Large Value 26
Foreign Large Blend 26
Foreign Large Growth 26
Foreign Small/Mid-Value 27
Foreign Small/Mid-Blend 27
Foreign Small/Mid-Growth 27
Global Large-Stock Growth 28
Global Large-Stock Blend 28
…
3-mo T-Bill rate $IRX trades daily; note that scale is 10x yield.
One can look at trading on Fridays and Tuesdays, the day-before and day-after the Monday Auction (except when Monday is a holiday). Just a quick look at the chart shows that rates ar…
It should be obvious from the discussions so far, but I double-checked anyway. The following observations should be easy to remember.
EVERY 13-wk T-Bill has the same CUSIP# as some 26-wk T-Bill.
The 4th issuances of 13-wk and 26-wk T-bills have th…
I prefer Treasury Auctions when nearby (for 13-wk and 26-wk T-Bills, there are). There is a large supply and even much larger demand (often 2x-3x). EVERYBODY gets the same price whether buy they $100 (at Treasury Direct) or $1,000 (at brokerages) or…
T-Bill CUSIP Numbers - Matching
Because of 13-wk, 26-wk, 52-wk T-Bill issuances, some maturing dates for 13-wk T-Bills will coincide with those for 26-wk and 52-wk T-Bills. Similar for 26-wk and 52-wk T-Bills.
When the T-Bill maturity dates are th…
@Roy, both of your examples are for LC-growth.
A problem with this category is that the LC-growth index has become nondiversified. Fund companies are handling this in two ways: i) ignore the index and be diversified as per ICA 1940. Active funds c…
See October 2022 press release from the SEC requiring "concise and visually engaging" fund reports. Of course, the SEC formal documents on the right panel is only 350 pages! There is an 18-month transition period but funds can do this earlier.
Mutu…
At Schwab, I use Semantec VIP app. Every minute, it generates a 6-digit code (copy-and-paste OK) that has to be appended to the password. With Schwab Mobile, I have to be fast - to enter user ID, password+VIP code, all under 1 minute.
A limitation …
I think that one can quote 10-25% under fair use, less the better.
Paraphrasing the essence of the article is another way, my preferred way. I didn't mean just word replacements for paraphrasing.
I did listen to 2 songs that @msf noted on a famous…
It belonged to Northern Trust multi-manager funds. These have NT managers allocating $s to external advisors.
NENGX had 5 external subadvisors according to a recent report. ARK was removed as a subadvisor in 2021. The NT managers for the fund were…
BTW, I am also signed up for FREE Credit Karma (Intuit/INTU) that provides free credit reports and monitoring from Equifax and TransUnion.
So, Kroll covers the 3rd, Experian, for me.
If you have other credit monitoring, then the Kroll offer via P…
I mostly paraphrase (the safest option), but sometimes also use limited selected quotes. Extensive quotes are likely violations of the fair-use notion.
https://fairuse.stanford.edu/overview/fair-use/four-factors/
Edit/Add: @Old_Joe, I posted a note…
A poster at M* noted that the free credit monitoring offered by Kroll/PBI/TIAA is for 1 credit bureau only. So, I just checked mine by logging into Kroll & under "Services", it says Experian only.
Kroll also offers 3-bureau credit monitoring fo…
@Devo, my guess is that discussion boards have a handful of posters (super-posters?) who tend to post/reply on everything. Sometimes, when they have no clue, they just ask for more details. So, after a while, discussions become repetitive. I keep an…
I believe that the OPs are entitled to present and hold their viewpoints in their OPs. So, after responding to specific questions and tags HERE, I am out of here.
My investing style is fundamentally different, but people know where to find that in…
It isn't "converting", but just "adding" mutual fund classes to existing ETFs.
Vanguard US patent, that has expired now, was on ETF classes of mutual funds. Vanguard limited itself to PASSIVE funds only.
In Europe, Vanguard didn't follow that mo…
I don't post $ or % amounts, sorry.
I provide information for others to use. Posters are free to use it or not. I am not into showboating.
My post(s) on FRN purchase details on THIS thread were in response to specific questions from posters.
BT…
@Jim0445, FWIW, I looked for some connection between your Prof Donald Tuttle and Jim Cramer or Tuttle Capital and I didn't find any. I think that was your worry.
I just checked Schwab Treasury Auction list. It includes:
Buy US Treasury VAR 07/31/2025 08/23/2023 07/31/2025 1 year, 11 months, 9 days from today
(Buy Order will be entered for next business day)
A click on Buy brings up the Order screen with CU…
@Derf, At Schwab online, look for 1 yr, 11 mo Notes and check the CUSIP 91282CHS3 (it's a reopening of the last month's new issue FRN). The "FRN" name is not used by Schwab.
You have to call Fido fixed-income desk for FRN Auctions.
Don't know abo…
Courts allow few months delays if there are issues with kids, pregnancy, health, sometimes pending appeal, etc.
In famous cases, there were delays in prison terms in the cases of (i) Elizabeth Holmes, (ii) Jesse Jr & Sandi Jackson, who were al…
@Jim0445, do you think that Donald Tuttle of CastlePoint is related to Matthew Tuttle of Tuttle Capital Management?
https://www.linkedin.com/in/donaldltuttle
https://castlepoint-inv.com/castlepoint-profile/
https://tuttlecap.com/our-team/
Long LJIM is shutting down, but short SJIM will continue for now. Very high ERs (1.20%).
Is Cramer demanding (or paid) royalties for the use of his name?
They throw a lot of silly ETF stuff on the wall to see what sticks.
One may be missing something by not buying Treasuries (vs online savings, m-mkt funds/accounts, CDs). To say that "I never do ****" shows rigidity or inflexibility that isn't good in investing. Why not learn and try when something works better?
Els…
See 26-wk T-Bill Auction results for today, 8/21/23. Only the investment rate of 5.531% matters as that was the coupon-equivalent rate that EVERYBODY got. Other data just indicate how the institutional bids were spread out and what % got filled.
htt…
From M* VDIGX / People:
Peter C. Fisher Senior Managing Director, Partner, and Equity Portfolio Manager Peter is a portfolio manager on the Dividend Growth Team. He manages equity assets on behalf of our clients, drawing on research from Wellington…
ERISA/DOL no longer allow limiting company retirement plans to company stocks.
Companies may still use their stocks in special profit sharing and incentive plans, etc. They may also require high-level executives and board members to have sufficien…
I am familiar with MINT, Pimco's ACTIVE ultra-ST "black box". "Enhanced" means that it has little Treasuries, but lots of corporates and securitized stuff. Only 41.28% is AAA. Some maturities are 7-10 yrs, some have unknown maturities (?), so these …
