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@davidrmoran
To put it diplomatically, based on the questions you are asking on this thread you are grossly uninformed.
You don't have to believe anything I state, Google is your friend unless you believe that is nonsense too
@Derf
2FA can be hack…
A hack of Yodlee is no different than a hack of LastPass.
Using stolen credentials the attacker can liquidate your portfolio and move money out of the brokerage account.
For example if your Robinhood account got hacked, an attacker can buy crypto…
Using Yodlee via Schwab vs. using Yodlee or equivalent directly does not offer any additional security. Yodlee is a cloud based service, it can be hacked directly without needing to hack Schwab.
Note that the account credentials you are providing (…
Account aggregation isn't technically trivial, there's likely less than 10 tech cos that do it. I doubt any of the brokerages or banks have built their own aggregator, they are all using Yodlee, Mint or equivalents.
I'm currently allocated as per below
- Alts: 55%
- US Stocks: 13%
- Intl Stocks: 3%
- US Bonds: 24%
- Cash: 5%
In 2023, I expect to get cash closer to 10% and Alts closer to 50% Good luck to all
I've been banking online for 15+ years. I still have an account with one of the Big 4 and keep just above the minimum balance to avoid monthly fees. Best of both worlds though for all practical purposes I can close out my physical bank account.
Ove…
There are huge wind power farms in the Corpus Christi area. TX is a pretty windy state and because it is flat, wind can be pretty strong all the way north in the DFW area.
Wind power will keep growing in TX and so will solar both due to the abundan…
Math (or lack thereof) + lethargy issue.
In today's world where a fully FDIC protected bank account + ACH transfer can be opened and done within minutes on the phone it boggles the mind. Buying CD's/Treasuries within brokerage account is even more …
@sma3
That is pretty much the credo of some GOP politicians.
I got mine, screw the rest of you (but I'll come back for more when I need it)
A pretty sad state of affairs on the awareness of the electorate when so many red states are net takers fr…
Humans generally aren't good at banding together for a danger that is sight unseen for many, whose timing cannot be predicted well and the damage is more like a slow moving train crash. Boiling frog syndrome. Societal change happens after major cata…
@Lewis
Forecasting, having and using cash reserves + line of credit to prevent a run on the bank is a common practice amongst seasoned managers.
Managers who have spent a decade or more to build a reputation will "generally" not resort to ethicall…
CELFX did not exist in March 2020. Just saying. Inception date is July 1, 2021
Swedroe is certainly a known name but the conclusion of his linked AP article is as per below.
"Bond investors can avoid the risks and costs created by stale pricing in…
The two stats that caught my eye from the links posted by @Lewis were
-- $1.2B aggregate loss to buy and holders due to traders gaming the illiquidity
-- 4 bips of return loss
Admittedly these numbers are above zero but in the context of the bond m…
Pricing of illiquid assets is part science and part art but to connect that reality to a blanket statement along the lines of "ergo all these returns are bogus" is quite a leap.
The issue of the "correct" price for thinly traded or illiquid assets …
We'll have to agree to disagree.
I believe you are implying that there is funny business going on based on the return profile and that managers cannot generate strong alpha within the debt or alternative space.
Out of sheer curiosity what are the …
@Lewis
- NICHX and CELFX invest in a wide variety of debt instruments, not just corporate debt. For example litigation financing, structured capital, royalties, etc..
- Both are debt specialists with pedigree and a track record. This is their bread…
India is already manufacturing iPhones.
Comments about navigating Indian bureaucracy are valid, system of different federal + state regulations is comparable to the USA but no question a lot more laborious to navigate and master.
I'm personally invested in interval funds NICHX and CELFX for what I believe are good risk adjusted returns. Currently evaluating CEDIX.
** Not investment advice by any means, buyer beware **
Fwiw, I was fixated on ER's for more than 20 years and …
I've subscribed previously to Rida's service and agree with sma3 comment on the sheer volume of recommendations. In effect the service might as well be an ETF or CEF with a write up of each position.
Each individual write up is well done and has de…
This reminds me of the off color joke of a young Catholic woman of modest means living the simple life in a rural town who goes to the big city and visits her folks in a few months wearing fancy bling. When the mother asks the daughter the source of…
Our healthcare system (if one can even call it that) needs an overhaul with a focus equivalent to the Marshall Plan or the Manhattan Project. We need an entity the equivalent of Federal Reserve to manage.
Absent that, it is all lip service and more…
Health care at the level of society is an interplay of incentives, cost, breadth and depth.
Many countries have selected the greater good approach -- universal healthcare covering basic services for everybody but "rationing" access to the more comp…
If you peel back the onion, there is no such thing as non-profit in the USA (and I don't have an expectation that there should be).
If the cost structure of a "non-profit" org is high and non optimal that is the equivalent or worse than a for profi…
Cash fines for tech firms that are cash gushers is the equivalent of fining somebody 1 bottle of water after they broke in and raided all of the drinks and snacks from the break room vending machine. It is a flick on the wrist. A threat of booting t…
This is a cost of business for FB, same as stretching the regulatory envelope and paying fines is for Uber.
This behavior is an enterprise version of risk taking behavior amongst CEO's who take big strategic gambles with huge diamond parachute payo…
Many of these stars it seems were the beneficiaries of rising tides. Like Buffet stated, when the tide goes out you find out who's been swimming naked. Lot more naked folks yet to emerge from this tide.
Somebody correct me if I am off but interval funds can only be offered via RIA's I believe.
Either that or the brokerage houses would not offer them direct due to liability.
Just out of curiosity, I ran a screener on MFO for funds with a manager tenure of >= 20 years, 20 year performance and SubType = US Equity
Top of the pack is FDGRX with APR = 13.8
FCNTX with APR = 11 comes in at #19
Just one narrow angle on the…
Giroux has run PRWCX aggressively at times for a balanced fund and not hewed to any particular allocation limits but I don't believe he has ever gone all stock.
The investment strategy has language that allows him to go all in on stock but if he we…