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Image from the OP link shows clearly that FR/BL outperform in rising/flat rate environment, but underperform in declining rate environment (their risk also goes up as they act like ST-HY).
Posted on Twitter, https://twitter.com/YBB_Finance/status/1668048779285504003
YBB Personal Finance
@YBB_Finance
The image seems mislabeled by Getty Images (I found it by Google search) as a bull, but several people verified that it's a cow! The W…
Wife says it's cow too - she grew up with families around that had cows to supply milk and even milked some as a kid. I will point this out on Twitter and may be WSJ can get a refund from Getty Images.
@BaluBalu, a Google search on that WSJ picture led to this Getty Images that clearly labeled it as a bull. Is your view of the picture clear enough to say it's a cow? I have also found the WSJ piece on Gunjan Banerji's Twitter page and I follow her …
If you tell the Fido Rep that you tried online order but it isn't working or isn't available, then the Rep fee is typically waived. Mention it upfront to remove doubt.
That thought has occurred in IL for MATCHING federal $s with IL $s:
"State of Illinois Launches $15 Million Federal Grant Support ...
CHICAGO - Governor Pritzker and the Illinois Department of Commerce and ... the State's efforts to secure funding …
More info on brokerage web info.
All brokerages are sort of sneaky in how they present the $balance/$money available in positions/holdings screens. And that is what has tripped me on some occasions even when I am well aware of differences between T…
But no issues in margin a/c - may be a hit of 1-day interest on mistakes involving OEFs (T+1 settlement) and ETFs (T+2) settlement). I don't use margin anymore but the a/c are approved for margin, shorting and options. My experiences are at Fido and…
Barron's had some recent stories on Colorado River situation.
EMERGING MARKETS (4/3/23). To benefit from the US Chips and Science Act to promote domestic semi-CHIPS manufacturing, TSM (Taiwan) and INTC are building huge facilities near Phoenix, AZ.…
From https://big-bang-investors.proboards.com/post/37947/thread
PIMIX v. PFIIX v. MM
2 minutes ago ReplyQuotelikePost OptionsPost by yogibearbull on 2 minutes ago
There will soon be a time to switch from T-Bills/m-mkt funds/ultra-ST bond funds/S…
Many new technologies go through cycles of boom and bust, so will it be with AI.
I heard a lot about AI in 1970s too as a graduate student. Many universities had novel AI Labs. They are still around but there are also hotter Media Labs, Digital Xyz…
PRWCX is really a capital appreciation fund and its bonds are riskier and of lower quality.
In lots of pieces in Barron's and elsewhere, the recommendations now are for investment-grade, short-term bonds with some HY and EM as spices. But this sho…
@Sven, @Observant1, Sara DEVEREUX has a feature in the current Barron's. From my Summary, Part 2 (some excerpts also posted earlier by @Observant1),
Sara DEVEREUX, Vanguard Fixed-Income Head. She joined Vanguard in 2019 from Goldman Sachs/GS. After…
@Charles, check out Barron's,
TRADER. Stocks rose as the wall of worry faded away. The RALLY broadened beyond large-caps to small/mid-caps and cyclicals (financials, industrials). The SP500 was in a bear market for 248 days (Edit - the longest sinc…
It isn't part of the ER. It is paid from your account (or, you don't get it from the fund) and shows up in brokerage/fund 1099 at the yearend as something paid. As mentioned above, you can claim tax credit on 1040 (directly, or through 1116 with com…
There may be withholdings of dividends for foreign ADRs. I am not aware of any withholdings related to CGs. The US and Canadian ADRs have friendlier rules.
The US funds with foreign holdings may pay foreign tax that is included in your yearend 1099…
Following forum "rules"/"guidelines" is important, here and elsewhere. As a multi-site poster, I try to compartmentalize those. I have also dropped some sites that bothered me.
DJIA has more cyclicals, and only 14.62% is "industrials" now. Its price-weighted design is also flawed, but it has been heavily promoted by DJ/NWS and SPGI (in the US and abroad). Walter Cronkite famously said that he just reported DJIA in his dail…
Bull Market Watch
Major indexes bottomed at different times in 2022, & their status in 2023 are also quite different.
DJIA +17.89% (low in 10/2022)
SP500 +20.04% (low in 10/2022)
Nasdaq Comp +29.62% (low in 12/2022) (was +19.46% in 02/2023)…
Here are the Auction Announcement and Results for the 17-wk auction 0n 6/7/23. I posted via phone before and then these were downloads only, not URLs. In Treasury auctions, ALL noncompetitive (retail) orders are filled - fill or kill isn't necessary…
Doesn't seem reopened T-Bill. Cannot post result pdf now, may be later.
https://www.treasurydirect.gov/auctions/announcements-data-results/announcement-results-press-releases/previous-announcements-and-results/
I will exploit this Treasury issuance related yield rise + from potential Fed hawkish-pause (hold at June FOMC but may be hike at July FOMC) to continue to roll T-Bills. This is still the tail end of Fed hikes.
I won't be adding to my small direct…
Prior attempts for bullish turns fizzled in 2022 and 2023YTD, so watch if the BIG turn this week sticks. Max bullish was 75%, far from where we are, and 50s become high. Remember, sentiment surveys are contrarian, so buy/hold when max bearishness, s…
Liesman/CNBC dissects Treasury's "gradual" euphemism. I also double-checked - it's Liesman, not Leisman.
https://twitter.com/SquawkCNBC/status/1666766270052679680
@Crash, TIPS should be affected to the extent of the correlation between nominal and …
Tax-incremental-financing (TIFs) only waves future incremental tax revenues for a while (20-30 years) and there is no immediate money commitment from the local government. So, the current "low" taxes on that property continue now, and for the future…
Yes its meaningfully high. highest ever perhaps. twitter has a lot of charts on all this but I haven't figured out how to paste a chart into MFO discussions yet :(
Putting Twitter images here is easy because they have links at Twitter; otherwise, y…
Another way is to check the ratio of SPY:RSP (market-cap vs equal-weight SP500).
https://stockcharts.com/h-sc/ui?s=SPY:RSP&p=D&yr=5&mn=0&dy=0&id=p51538998466
I see style boxes for some,
VFINX https://www.morningstar.com/funds/xnas/vfinx/portfolio
SPY https://www.morningstar.com/etfs/arcx/spy/portfolio
FMSDX https://www.morningstar.com/funds/xnas/fmsdx/portfolio
BTW, M* supercomputers work 24+ hours a…
Well, those are the words Treasury used, but "billions" in a very short time may be called a "flood" - any way, I did that here*. Treasury had drawn down balances to the extent that it was issuing 3-day, then 1-day, T-Bills pre-debt-ceiling resoluti…
I am sure that the new Bosch models in the US have competitive Energy Star ratings, 1-hr quick wash, longer normal wash, heated dry, etc (the built-in garbage disposal may be only a plastics cutter to shred soft solids). I glanced through some Bosch…
Funny.
But we sort of feel scammed by the "system". We paid more for slower operating dishwasher that ends with wetter-dishes because the Fed's requirements for low power and water use for its efficiency labels. I read lot of new guides for modern …
A simple hybrid approach may work - use alternate sources for withdrawals during market downturns. But that may not be possible for those on tight budgets.
Free PV also has features on Monte Carlo, Portfolio Optimization, etc. Former may account fo…
Search MFO for "nondiversified". There are several threads on this topic, especially involving LC-growth. But I didn't find any thread that listed 13 such funds.
