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It may be unclear what was meant by "backtracking". When one clicks on pages sequentially, there is a menu bar on the top that indicates path and one can backtrack to any page in the path. That was my "backtracking" reference to Company Search.
I …
@msf, I think that ITM options are auto-exercised at expiry. Only the OTM options expire worthless. The ATM options are tossup - once I got hit by a near ATM option auto-exercise at expiry that became ITM just by a few cents and I mistakenly thought…
Interesting that if one backtracks to general search page from either the new/current or Classic Edgar (and even the link provided by @msf), one gets to the same search page/URL:
https://www.sec.gov/edgar/searchedgar/companysearch.html
https://www…
Markets don't move in a straight line. So, yesterday was down (although not that bad) on lot of negative news, but they are happier today. Anyway, mid-June lows stand so far. Charts are from 1/4/22 top - 1st for major indexes, 2nd for some generally…
Fed fund futures market is going haywire showing 80% for 100 bps, followed by 75, 25, 25 to end at 3.75-4.00% in December.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
It has been a pretty long stretch already with poor Sentiment (a contrarian indicator).
Q2 earnings season has bad reports from big banks (JPM, MS, etc).
Then we have 75-100 bps rate hike by the FOMC in about 2 weeks.
Will mid-June market lows ho…
Only taxes withheld (W-2, 1099, etc) are considered evenly applied and one can do over-withholding from paychecks, IRA or pension withdrawals, etc to avoid penalties related to other income. Otherwise, estimated taxes must be paid quarterly on other…
TTM is what someone holding the fund already got. It is past history. You don't get it now or in the future.
Distribution yield (monthly or quarterly payout annualized) is more indicative of what a new buyer may get now or in the near future.
30-d…
For T-Bills, Treasury provides both the discount-from-par rate (normal) and coupon-equivalent rate (hypothetical, if the interest was paid semi-annually).
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily…
TIPS are bonds with inflation-adjustments.
Any bond cashed before maturity will have price determined by the current interest rates. And as TIPS funds hold a variety of TIPS, and many are not held to maturity, so TIPS funds will have rate sensitiv…
OCC is a banking regulator. Federal Reserve is another banking regulator.
FDIC is a deposit insurer.
SEC is securities regulator. It regulated publicly listed securities. Unlisted CITs (in retirement accounts) are regulated by OCC.
CFTC is a comm…
All asset-managers are down sharply since early-November 2021 peak. May be TROW is among the worst because it is more stocks and OEFs oriented (it is trying to diversify and doing other restructuring) - others are more diversified.
https://stockch…
The rule of thumb of 4-5% per holding is for individual stocks.
Most funds are already diversified but some are not. Unusually, the LC-growth index has become nondiversified (see 1st link below). Also, active funds may be concentrated in some areas…
Treasury Direct (TD) has only a virtual keyboard for password entry and you cannot get rid of it. Unusually, the TD passwords are not case-sensitive (most typically are, while usernames are not). TD is just an older and clunky website.
@Anna, sorry to hear about your loss.
First, RMDs are also required for the year of the death. So, a scheduled RMD is OK. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds#:~:text=…
Trying copy-and-paste at a different time with Reply.
Barron’s Funds Quarterly (2022/Q2–July 11, 2022)
https://www.barrons.com/topics/mutual-funds-quarterly
Pg L2: It took a bear market for ACTIVE funds to shine. Over 50% of active funds outperfor…
When you log into your Treasury Direct account, you can see the details for each I-Bond: Date, Interest Rate, Amount (original), Current Value. The difference in the current value and amount is your interest. Be aware that the interest shown is net …
M* has been listening to some feedback. It has included an Export/Download feature to the new M* Investor.
6.1. Portfolio Export (Download) feature has been added. 7/8/22
Path: M* Investor/Portfolio/select a portfolio/Holdings/see More for Dow…
@msf, thanks for the correction and pointing out the difficulty of creating classes within Regular TDF fund-of-funds structure. So, may be Vanguard should have skipped the step #1 (change in the minimum required for the Institutional TDF) and should…
A short recap:
There was a Regular TDF series (with multiple classes, including its own Institutional class), and another distinct Institutional TDF series ("Institutional" was in its name) with super high minimum and super low ER. Then 2 VG events…
Bluerock TI+ Real Estate is an illiquid multi-manager interval-fund related to private real estate. Asset valuations are from appraisals. You can buy interval-funds anytime from brokers/advisors, but there are only quarterly redemption windows for s…
CME Fedwatch is a better tool for rate hike probabilities (95.1% for 75-bps hike at July FOMC) than the LV odd-makers,
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
Value players always have cash or liquid assets (e.g. large-caps) available for value opportunities. That doesn't make them market-timers.
My definition of market-timers is different. They are either all in or all out. Others vary on this. I call o…
Interval-funds don't trade on exchanges. From brokers/agents, you can buy them ANYTIME, but redemptions are LIMITED to small % (5%?) at QUARTERLY windows, if that (and at the option/whim of the sponsor)-- like Roach-Motels. That is why quote info on…
@sven, just call TIAA. It has 2 business sides, retirement plans with restrictions (for colleges/universities & nonprofits) and general accounts (for everybody) for mutual funds, brokerage (via Pershing), 529s, taxable annuities, banking, and us…
Wasn't Howard Marks gloating in 2021 that although he personally missed the boat on cryptos, his son Andrew, who now manages family accounts, was into cryptos, and that Marks was gaining a new appreciation for Bitcoin, especially because of its limi…
While it is true that prime m-mkt funds haven't had to impose gates/redemption fees, the latest m-mkt reforms are driven by the fact that 2014/2016 m-mkt rules (that had gates/redemption fees for prime m-mkt) decimated prime m-mkt funds in 2020 and …
TIAA Real Estate VA is available in eligible TIAA IRAs. TIAA uses Pershing/BK for its brokerage operations/window, so the experience isn't as good as at Fido or Schwab, but it should be tolerable for stuff you want at TIAA. The TIAA Traditional (SV)…
Barron's cover stories are long (multiple Barron's pages) and provide in-depth coverage on the topics involved. Andrew Bary's focus this week was on income/dividend investing and it may be a hit for those who are into this type of investing, but a m…
Good data!
Even though the model 60-40 (60% SP500, 40% 5-yr Treasuries) isn't typical, it gives the general idea that multi-asset funds have been BAD this year.
M* had more details citing MarketWatch (owned by News Corp/NWS, parent of Barron's, WSJ, DJ & Co, etc), https://www.morningstar.com/news/marketwatch/20220628116/oaktrees-howard-marks-is-finding-bargains-i-am-starting-to-behave-aggressively-he-s…
SC piece is by @LewisBraham
https://www.barrons.com/articles/small-cap-funds-beat-blue-chips-51656530650?mod=past_editions
Part 2 Link
FUNDS. SMALL-CAPs (SCs) have sold off sharply (-31.9% from 11/8/21 high to 6/16/22 trough) and may be resilient …
There was a recent piece in Barron's NOT to blame the middlemen/gas stations for high gasoline prices. Likewise, don't blame gas utilities for high natural gas prices. Big beneficiaries in energy are E&P companies + refineries or LNG producers/s…
I see T+1 settlement for m-mkt funds at Fido & Vanguard, just as at Schwab.
Fido SPAXX (core/settlement fund) prospectus: "Shares will be sold at the NAV next calculated after an order is received in proper form. Normally, redemptions will be …
