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30-day SEC yield isn't DIY stuff. Many funds use 3rd party services for it.
https://ybbpersonalfinance.proboards.com/post/701/thread
Edit/Add: Both Fido & Schwab are showing RPHIX 30-day SEC yield as 3.68%.
Yes, annually in taxable accounts. You will get 1099-INT.
CDs can have PODs/TODs. In fact, a trick is to change POD names to increase FDIC coverage as each POD is separately covered.
There is lot of opaqueness in the affairs and operations of DCG, the holding company that owns Genesis, GBTC/Grayscale, Coindesk (mews mouthpiece), Luno, Foundry. The founder/CEO Barry Silbert has been totally quiet. DCG was trying to raise up to $1…
@mfs, you have raised several good points. Thanks.
In future, I will use "product-CD-owner level" instead of "product-CD level" for FDIC coverage.
Money in transit is an interesting point but may be covered by ICS. Note that ICS and CEDRAS servic…
FDIC and SIPC coverages are quite different.
Federal FDIC related to banks and nonprofit SIPC relates to brokerages.
Confusion arises for brokerage cash, money-market funds, brokered CDs.
To begin with, consider brokerage firm A and financial pr…
Like comparison would be with other FDIC insured online savings accounts, and it would be near the top,
https://www.depositaccounts.com/savings/
More on VG Cash Plus from RIABiz,
https://riabiz.com/a/2022/10/6/vanguard-is-now-several-months-into-be…
The St Louis Fed President Bullard came out with his out-of-the-box 7% rate. But he is rotating off as a voting FOMC member in December 2022 and just wants to go out with a big bang. In 2023, he will be replaced (as voting FOMC member) by Dallas Fed…
Fed uses PCE-Core and that is 5.1%.
https://fred.stlouisfed.org/graph/?g=WBJz
Fed fund futures project terminal rate of 5.00-5.25%.
The CME FedWatch tool is based on current fed fund futures quotes around the FOMC meetings and the assumption of g…
@Baseball_Fan, insurance co may take its time to process 1035 exchange form (typically, paper submission and processing). My comments were general, so that 59.5 aspect won't apply to you.
https://www.investopedia.com/terms/s/sec1035ex.asp
https://ww…
I have been saying this too since the new I-Bond rates came out. Afterall, both capture the CPI (see chart below), so why no go with much higher yields of 5-yr TIPS now. BTW, the real yield curve is also inverted now.
REAL yields 5-yr 1.71%, 10-yr 1…
Once an annuity, always an annuity.
If you want to take the money out before 59.5, there are taxes and 10% penalty. Also, you have to use 1035 exchange to transfer annuity from one vendor to another. Safety (credit rating) of insurance company is …
Low SKEW is not confirming this. When investors buy lots of puts, their prices tend to get relatively more expensive than calls; then SKEW should be high. But SKEW remains low.
https://stockcharts.com/h-sc/ui?s=$SKEW&p=D&yr=1&…
Good M* analysis.
The YIELD-CURVE is mostly inverted (2y-10y, 3m-30y, etc) but what really matters is the short end that Powell is watching, 3m-18m and/or 3m-3m18mforward spread; these are unusual spreads but close is the readily available 3m-2y sp…
@Anna, Facebook, Twitter, etc use AI to learn from your clicks and from Likes/Follows for news sources/pages and people. Same with Google News - I can see that on identical PCs that my wife and I have and those are offered quite different Google New…
I used to be exclusively at M*, and for years, resisted posting elsewhere. But various M* platform changes, and loss of contents with each move, forced me to change my web/social-media approach.
Now, I am at several platforms. Each has its unique f…
Charitable contributions is a valid idea. Use DAF to contribute right away but dole out contributions later; great if you can itemize.
Repositioning portfolio to take some gains and using TLH for offsetting those is also a good idea.
I am not seei…
My reference to Twitter "down" meant as the website down/shut/unstable/outage, but it has been running OK so far EXCEPT that there seem to be more crypto-bots posting silly & unrelated comments (I have blocked dozens since just yesterday). So, t…
If Twitter isn't down when there are only few hundreds of employees left now, down from few thousands (after another round mass resignations/layoffs yesterday, after 1-day email notice from Must to work hard/harder/hardest OR quit), some are saying …
Call Schwab and ask if they can do this as tax-free exchange. If the Rep or broker-trainee doesn't know about this, ask for a senior personnel. Do it only if they say it can be done. It is easier for them to just do 2 trades, sell PRWCX, buy TRAIX, …
@Mark, not an owner but I know that GBTC is a trust, NOT an ETF/OEF/CEF. It has high ER, 6-mo holding requirement, min $50K, and may require accredited-investor status. It has high discount now (it was at premium when Bitcoin was hot). Cathie Wood h…
@Crash, it depends on whether you are using non-login (free) or login (also free; allows storing stuff) version. In the former, the image link may have to be extracted from the URLs provided; in the latter, several links are provided and the image l…
For images without address/URL, one can take screenshot, upload to an image hosting site (e.g. free ImgBB). Then use the address/URL from there and follow the steps in the previous post.
More https://www.mutualfundobserver.com/discuss/discussion/5…
@Sven
Thanks. I have never figured out how to copy pictures or graphs.
Right-click image and copy image-address/URL (not link-address/URL; not all images have this) and then paste in MFO Image tool (3rd from right).
Prospect Capital/PSEC is a BDC (co rating BBB) and its bonds mentioned by SA are rated BBB-, borderline inv-grade.
https://finance.yahoo.com/quote/PSEC/profile?p=PSEC
More Genesis news, https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
Gemini is also pausing some withdrawals, https://finance.yahoo.com/news/ftx-latest-regulators-disc…
Verification may come from satellites passing over that area, or geosynchronous satellite, if over that area. This may take hours/days and the info may not even be released. There is already confusion over the debris.
Lot of speculations. From gas explosion to truck explosion to the remnants of a Russian missile shot & deflected by Ukraine.
Almost everybody is at G20 in Bali, Indonesia to resolve this there or fight it out.
PPI (wholesale) came below expectations at 8.0% y-o-y. Stock futures like the news.
https://www.cnbc.com/2022/11/15/wholesale-prices-rose-0point2percent-in-october-less-than-expected-as-inflation-eases.html
Canadian BNN is owned by Bell Media (owned by BCE). Since 2018, BNN became BNN Bloomberg through licensing & partnership with the US Bloomberg. BNN Bloomberg develops most of its own Canadian content but also carries many Bloomberg stories.
htt…
@Roy, simple explanations can be dangerous. But even with that risk, let me try.
Tokens are like prepaid store cards or chips on cruises/casinos. There are hundreds of unregulated crypto exchanges and most have their own tokens. That is what FTT wa…
SBF is/was very good at exploiting connections, real/imagined/implied. His parents are lawyers and/or political fund raisers (one CNBC regular fell for just that). His educational connections are also intriguing - the same place where the SEC Chair …
NBC is now calling the Senate for Democrats. Only the GA runoff on Dec 6 remains and NBC thinks that Democrat Warnock will win that.
https://www.cnbc.com/2022/11/12/midterm-senate-elections-2022-democrats-keep-majority.html
Charlie Bilello also provides good and free info on Twitter. I have posted several tables/charts from him. They don't show up on MFO search because his name is within the links, often on the tables/charts themselves. One example is this post,
https:…
CRYPTO Intrigue and Crash. It started with a Twitter spat between Sam Bankman-Fried “SBF”/FTX and Changpeng Zhao “CZ”/Binance. There were prior frictions from SBF’s closeness to the DC lawmakers, his push for a crypto legislation that was disliked b…
Yes, most federal protections of 401k/403b carryover to their rollovers to T-IRAs. Some lawyerly type posters have argued that the courts/judges/lawyers can sort out funds within a mixed/tainted T-IRA, but then there is the risk that entire T-IRA ca…
There are good reasons to keep all 401k/403b rollovers into a separate T-IRA. It is OK to have all rollovers into one T-IRA. But putting them in T-IRAs with personal contributions can lead to complications in bankruptcy or lawsuits.
Basically, wide…
Giroux's recent reduction in his GE position may have been well timed (or not). GE has done fine lately with the rebound in cyclicals.
IMO, with the Nasdaq and crypto crashes (and money just vanishing like poof), investors may be shifting to more …
