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It gets curiouser.
So, after the secondary/FPO (follow-on public offering) was suddenly fully subscribed at the last minute at price well over the market price, Adani Group pulled it saying that it won't be fair to its investors and that it didn't …
@sma3, I do see that IRS link, but its date is 12/8/22, prior to Secure 2.0 approval. I think that it would be adjusted (when the IRS has time) to reflect the extension of RMD to 73.
https://www.irs.gov/retirement-plans/plan-participant-employee/ret…
Notes from FOMC Statements & Powell's Presser
Fed funds rate hikes +25 bps to 4.50-4.75%; (bank) reserve balance rate 4.65%; discount rate 4.75%; gradual rate hikes with at least "a couple more" hikes. Wait to see the FOMC Minutes for discussio…
Fido Tax tab shows info only for muni funds now.
Info on % US Gov Obligations is pending - says early-Feb. This is the portion exempt from state/local taxes.
See SP500 chart here (shown is 1-yr default; switch to 2-yr for the point here), https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p15747642221
There was indeed a peak in 11/2021 that was high at t…
Different stuff peaked at different times. Crazy highflyers and EMs peaked in 02/2021, small-caps and DJ Transports in 11/2022, SP500 in 01/2022, DJIA and Nasdaq Comp also in 01/2022 but it was their 2nd peak after 11/2021 (so, sort of a double-peak…
TIAA Traditional Rates, February 1, 2023
Restricted RC 6.25%, RA 6.00%
Flexible RCP 5.50%, SRA 5.25%, Newer IRAs 3.45%
https://ybbpersonalfinance.proboards.com/thread/142/tiaa-traditional-rates-monthly?page=2&scrollTo=916
TSP G Fund hasn't upda…
Fido Brokerage has a core/settlement a/c that can be:
Taxable a/c: SPAXX (Gov M-mkt), FZFXX (Treasury M-mkt), FCASH (brokerage cash)
Tax-Deferred: SPAXX, FDIC banks
SPAXX is default that can be changed.
Fido is also unique in that for purchases,…
At Fido, I have both m-mkt fund (SPAXX core/settlement) and T-Bills. Yesterday's T-Bills Auction was 13-wk 4.714%, 26-wk 4.860%; These are auctioned weekly.
For those interested, I have collected some info related to SECURE 2.0 here (repeated).
https://ybbpersonalfinance.proboards.com/thread/380/secure-act-2-2022
All brokers are a bit confusing/disingenuous about funds "Available".
Only Fido Balance screen breaks it down an "Available without margin" and "Available with margin".
Rest leave it up to people to keep track of Settlement dates. Simple "Availa…
CNN has some background & an update. Notable is that $2.5 billion local offering (record for India) went through as planned. Some thought that size and/or price would be reduced. Seems strange for an above-market (now) offering to be fully subsc…
These days threads and info get dated quickly.
SP500 faces a strong test at 4,100. But some sentiment indicators (Deemer-BAM, Whaley, etc) and a trifecta of seasonality indicators (with near certainty, today) have triggered that may carry SP500 ove…
Fund Allocations (Cumulative), 12/31/22
There was notable decrease in the allocations to stock funds, & those for bond & m-mkt funds rose; hybrid allocations held. Y-o-Y, combined AUM fell -16.16%. The changes for OEFs + ETFs were based on …
K-1s normally come in late-March or early-April, so any early filing is out.
They need more forms. Brokerage 1099 reports are not reliable but one has to use some info from 1099 and other from K-1.
I dealt with K-1 for years, so it's a doable mess…
Vanguard is using an incremental approach.
After having funds in core, core-plus, HY, EM bond categories, a multisector bond fund is the next step, as noted by @Observant1. I will just watch it for now as I do have Vanguard accounts.
@msf, I see …
An interesting story that is unfolding.
Questions raised in the US & Indian media include why the sudden Hindenburg interest in an obscure business empire far away. Adani companies aren't even listed in the US.
Notably, the Hindenburg report c…
FWIW, I have Capital One a/c. But what I don't like is that it keeps coming up with new a/c with higher yields ("360 Performance Saving" is the latest) and leaves legacy savings at low levels (they exist but not even shown on the website). The next …
With little more effort, one can also buy T-Bills to beat the m-mkt funds.
I also read a story that banks are losing deposits because bank accounts (savings, online savings, m-mkt accounts) haven't kept up with rising rates. But banks don't care as…
Although CPREX has a ticker, it is an unlisted CEF that invests in real estate. That is why the quote services don't have much info.
One can buy it anytime through some brokers/advisors but redemptions are limited to 5% of AUM quarterly.
https://w…
Sonal Desai from Franklin Templeton focused on income and bond funds. LINK1 LINK2
"5-yr TIPS; FRIAX (hybrid); CPREX (private real estate); EADOX, FHYVX, IGSB, SIDCX (Part 3); gradually increasing duration."
University auxiliary services (bookstores, dorms, dining halls, gyms, sports, stadiums, etc) have their own operating budgets and are not part of the academic budgets (tuition, faculty/staff salaries).
Public university tuitions have gone up becaus…
To add to what @Devo said, unlike TIPS held individually, funds are required to distribute inflation-adjustment annually even if that may require selling holdings. Normally, fund inflows & turnover may provide cash for this. But they can decide …
Most indexes peaked in 01/2022 although SP500-value peaked in 04/2022 and it is near its peak. Chart also shows SP500-growth (still down a lot), SP500 (down) and equal-weight SP500 (down only some).
Chart 1-Yr (Live)
Charts 01/2022- , Image https…
MANY years ago, Fido converted most mutual fund a/c to brokerage a/c. But some still exist. Of course, most Fido 401k/403b a/c are mutual fund a/c but some may have brokerage windows.
IMO, the US lawmakers, who grew up in the dollar-reserve-currency environment don't appreciate the global significance of a potential US default, technical or not. There are already serious global concerns on dollar-diplomacy/weaponization and this …
It was in the news a while ago that Moderna and the NIH were in a patent dispute over mRNA technology. Moderna had filed a sole patent for its mRNA vaccine but the NIH protested that it should have been included as co-owner. Moderna let its original…
For any price to stick, actions of competitors will matter. So, what will Pfizer & BioNTech, etc will do? Will they collude & get into antitrust mess?
Look at how Biogen's greed over its first FDA approved Alzheimer drug destroyed it. Medic…
Crypto firm Genesis has filed for bankruptcy. It is part of DCG that also owns the news arm CoinDesk.
https://www.coindesk.com/business/2023/01/20/genesis-global-files-for-bankruptcy-protection/
https://www.cnbc.com/2023/01/20/crypto-lender-genesis…
For sovereign ratings, it is the federal debt that matters. FRED has both the absolute
federal debt amounts and as % of GDP. At $31 trillion and 120% of GDP, it is high but not very high. The highest level reached was during the pandemic in 2020.
…
Gates/restricted-redemptions are spreading. After Blackstone BREIT, Starwood SREIT, now is KKR KREST.
@hank, recent posts on this thread have been on gates for nontraded-REITs that started a few months ago. Media posts have been alarmist on this, b…
Details in the DOJ press release within the Yahoo link. I was curious where was the arrest - in Miami. As this had been in the news already, wonder what he was doing in Miami. Several international agencies participated in shutting down Bitzlato cry…
