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NVDA will be placed initially between CVX and MMM in DJIA, in the bottom 3rd of DJIA. Remember that NVDA recently split its stock. Who knows, it may double or triple again to dominate DJIA (-:).
What @msf noted is my understanding too - that VG patent covered the ETF classes of mutual funds, active or passive. It just so happened that VG wasn't big on active ETFs, so used it for passive funds only.
Now that the VG patent has expired, other …
Update/Changes, Oct. 30, 2024
Added Defined Outcome
Renamed Options Trading to Equity-Hedged
Revised text definitions of Real Estate, Macro Trading, and Long-Short Equity
PDF Host Share Link https://pdfhost.io/v/acPZOR97I_MStar_Fund_Categories_102024
Interesting question.
M* CEF data are mostly for NAV. Others use price (PV, TestFol, Stockcharts, etc).
MFO Premium Definitions just says fund "value" (for OEFs, ETFs, CEFs) & it isn't clear if price or NAV is meant for CEF.
When I changed to T-Mobile a few years ago, I stopped getting 2FA codes by text (not everyone provides phone option). After calling firms, who confirmed send, I called T-Mobile.
T-Mobile said, of course, 2FA txt codes are auto-blocked on new accoun…
Each line in the OP has 2 Janus Henderson (J-H) funds. A spacing may help.
This applies to Class D only that has a separate prospectus and is available only directly from J-H. It has a slightly lower ER than Class T.
There is another prospectus fo…
Cliffwater LLC is an alternative asset manager with $115 billion AUM. Stephen Nesbitt is the CEO and he has written books, articles, done media interviews. It offers 3 interval-funds:
CCLFX, AUM $22.8 billion, 2019- , firm's fund
CELFX, AUM $4 bilio…
I think that Schwab has modified its trading system recently.
In IRA trades, it accepted sell (OEFs or ETFs or CEFs) and then immediate buy (OEFs or ETFs) orders when there wasn't enough cash in the core a/c.
May be this started when T+1 for all …
While Morningstar doesn't mention 30-day SEC yield on its mutual fund Quote pages, its reported YTM yield on the Portfolio page is the 30-day SEC yield.
M* does report 30-day SEC yield for ETFs on the main Quote page.
Well, at Vanguard Brokerage, when one uses Buy, there are options to use the settlement fund VMFXX OR to transfer money from linked bank account. The latter works just as well as the old mutual fund purchases.
What is VG doing with its mutual-funds…
I had a related problem some years ago. My limit order wasn't filled but the consolidated tape showed a low price that was lower than my limit price. Fido told me that it sent the order to a particular exchange but the consolidated tape has data fro…
Rate moves from mid-September have been dramatic. See StockCharts for 10y and 2y (bottom panel).
https://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=5&g=0&id=p52065233779
DB plans became too expensive to run. The benefits grew steadily, but the funds/portfolios supporting them didn't.
Then, there were abuses.
Companies could raid DB plans with excess funds, but not care when plans got underfunded. The nail in the …
I checked several ultra-ST bond ETFs and they trade after-hours too. If bid-ask is wide, use limit-orders. So, it isn't necessary buy additional ultra-ST bond ETFs for this flexibility.
@Derf, I got that warning from Fido only & ignored it, but never from Schwab or Vanguard. So, I am surprised by the VG warning.
The way I understand the issue is that the Treasury has until midnight on the settlement day to release funds for ma…
FirstHand SVVC is a closed-end business development company (BDC) on pink sheets (OTC). It doesn't show up in the CEFConnect database, but has quotes at M*, Yahoo Finance.
AUM $551K, Price 6c
https://finance.yahoo.com/quote/SVVC/key-statistics/
I…
Warren Buffett has been concerned by the bank accounting of AFS vs HTM holdings - the problem never went away. This picture is from BRK annual meeting last year. At higher rates, this issue becomes a problem again. So, WB has been dumping banks.
Maybe, the next improvement would allow the OP AND others to change the category - sort of community moderation. Some posters go for the max visibility and don't care for an isolated category.
Things posted on MFO Off Topic don't show up on the MFO Discussions feed. So, it's like a sub-forum whose contents are seen only there by clicking on Off Topic, or, here is the direct link,
https://www.mutualfundobserver.com/discuss/categories/off-t…
@WABAC, that looks like stale info for USFR.
Website shows 30-day SEC yield 4.75%, 10/18/24.
https://www.wisdomtree.com/investments/etfs/fixed-income/usfr
Treasury shows FRN Index at 4.567%, 10/18/24. This is the variable rate for FRNs.
USFR has …
2011 was a long time ago.
Post-GFC, gold rallied hard and both gold and gold-miners peaked in 2011. Yep, people who bought then are still looking to get even.
Then both were trashed.
For years, it looked as if 2,000-2,100 was a ceiling for gold,…
Funds don't make this easy, but it's possible to figure out from prospectus whether a fund accrues dividends daily and pays monthly (from an accrual account), or the dividends are flowed-through the NAV.
In the latter case, there will be some langu…
On Monday, Columbus Day, or Indigenous Day, the stock market was open but the bond market was closed. This was unusual and that is why m-mkt fund settlements were affected.
It was a federal holiday - Federal Reserve, Post Office and several banks w…
Several driverless systems using multiple inputs (optical, laser, ultrasound) have been approved, but not yet the Tesla's optical-only system. Musk bet big on optical-only system with huge AI supporting it, but AI cannot fix what the optical system …
The SSA COLA uses CPI-W, not the common CPI (really, CPI-U). The SSA even publishes quarterly averages for CPI-W and Q3 averages are used in COLA calculations.
So,
2014/Q3 234.242
2014/Q3 308.729
10-yr ratio 1.3179916
So, 1,000/mo in 2014 will be…
"my SO and I had the same policy, went to the same PCP on the same day, had the same blood test. One of us was charged a $20 copay, the other was charged $0. One had been coded as a lab procedure ($0 copay), the other as a diagnostic test ($20 copay…
My experience with IL retiree group is that decisions are made at the state level - there is IL-CMS (not to be confused with federal CMS). Public or retirees may complain all they want. So, for us, it was IL-retiree-MA, take it or leave it. We could…
Out of curiosity, I checked my local area in IL. It shows 94 plans in my local area.
50 MAPD & MA plans from Aetna, BCBS, Cigna, Humana, United Healthcare, Wellcare
29 Medigap plans from BCBS, Cigna, Humana, Mutual of Omaha
15 Part D plans fr…
Correcting IRA contribution mistakes are possible by the tax filing deadline. She should call Schwab and follow their instructions. My guess is that her IRA will be zeroed out and the money shifted to brokerage account.
https://www.schwab.com/resour…
Some reported breaches have involved not using encryptions for personal and login info, employees falling for spoofing. This is inexcusable in this day and age.
In fact, many banks and card co now warn that if you fall for spoofing, your losses ma…
Credit Karma/INTU also offers FREE credit monitoring. It uses 2 of big 3 - Equifax & TransUnion. One can check credit as often as needed.
I still signup for FREE credit monitoring offered by the breached companies, but I know that I am not get…
