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.
Real estate is unique in that one can "eat" depreciation. This is because land and "improvements" (we may call them homes/houses) tend to increase in value over time. This is unlike most businesses that will eventually die without redeploying deprec…
Neither M* Portfolio/Investor, nor Stock Rover (SR) handle individual bonds, Treasuries, stable-value/SVs, CDs. One has to enter them manually, and then also enter periodic interest as new purchases periodically.
I started some pointers for SR that…
@sma3, I have been filing paper returns and I have been getting refunds in expected timeframe (several weeks after the filings); for balance due, I use IRS Direct Pay (and that is quick). Your Mom's estate return may have different processing.
I concur. A question for Yogi - why do you not post your Barron’s summary here?
I post several series here, including Barron's Funds Quarterly (the earliest of my series here). But so far I have not posted weekly Barron's summaries here. I have po…
If you have new money to deploy, another 13- , 26- , 52- wk T-Bill auctions are near the month end, November 28/29 (Mon/Tue) (orders can be entered now), and then again on December 27 (Tue).
If want to extend maturity, may be use 2-yr T-Bill/Note …
Thanks!
The 2+ years that I have been at the MFO have also coincided with the time for my switch from a dedicated single-site poster to a multi-site poster. Now MFO (really a funds+ site) is among the sites that I visit more often. I found several …
2022 has been an unusual year for the AAII Sentiment, a contrary indicator. The low-high ranges YTD are:
Bullish: 15.84% (4/14/22) to 33.33% (8/18/22)
Bearish: 27.54% (3/31/22) to 60.87% (9/22/22)
Bull-Bear Spread: -43.1% (9/22/22) to +4.3% (3/31/2…
As a Stock Rover user, I cannot see the new deal - the link in the OP just logs me in.
I recall that Stock Rover had 14-day free trial. Then, one has to sign up for 1 of 3 levels: Essentials is OK for quotes, charts, etc, but one needs Premium for …
For lower-quality HY/EM bond funds with high 30-day SEC yields, watch for deteriorating fund NAVs. That may be for 2 reasons:
1. Some holdings defaulted,
2. Premium bonds used to juice up distributions (beware of current-income vs total-return objec…
@Sven, Treasury doesn't provide good explanations for reopenings. My guess is that it increases the size/liquidity of some Treasury CUSIP#. Most reopenings are 1-2 months after, but TIPS may be reopened 2-6 months after.
Due to Fido's push for cryptos in general, and for 401k/403b in particular, I also started the "Crypto Crash" thread at the Fido Investment Community, a closed, by-invitation group for Fido account holders (links from there cannot be posted elsewhe…
Most Treasury auctions issue new Treasuries. But there are several Treasury auctions with reopened older issues - these reopened issues have the same as original issue date, CUSIP#, maturity date, interest rate. The auction announcement will indica…
For deeply discounted bonds, the 30-day SEC yield assumes par at maturity (ignoring default risks), so be cautious.
https://ybbpersonalfinance.proboards.com/post/705/thread
Just keep in mind that POD/TOD is an easy estate TRANSFER mechanism that doesn't cost anything (if the designation allowed).
CD survivor/death-put option is an estate PROTECTION feature that will cost as lower interest rate (if allowed). There are …
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…
