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Here's my portfolio, all commentary welcome! Some of the positions are due to 401k limitations.
QLEIX, CEDIX, QMNIX, NICHX, CELFX, CCLFX, QRPIX, IMPCX, GENIX, MRFOX, XPEBX, CPIEX, DODGX, DFALX, CPEFX, FPADX, TRAIX, CORFX, CBARX, FTIHX, JAAA, BIVIX,…
QLEIX is on fire and I have a large position in it but watching it carefully for signs of hot hands deterioration like BIVIX.
On BIVIX, I scaled down quite a bit starting 2024. Made some decent coin but as with all things in hindsight, should have …
BLNDX certainly doing well this year especially compared to BIVIX (a former hot hands fund that has slipped substantially recently but still has blown out the lights on 3Y performance compared to BLNDX).
I'm hoping QLEIX and CPIEX which are also on…
250K was a hypothetical number to illustrate a point. I have Treasuries of varying maturities across multiple accounts -- I dislike having to frequently login to check whether there is idle cash sitting in the account.
I'm not going to share the de…
@FD1000
We're talking past each other because we don't have the same needs from a brokerage or RIA.
- I'm never 100% in the market so cash earning a competitive rate vs. nothing matters to me.
- I do not have time to login to my Schwab account dail…
@FD1000
Regards your Catch 22 comment --
I could be a card carrying member of the investing Mensa club and determine that I want exposure to PE and private debt interval funds. But I still need a RIA to access them no matter my IQ.
@msf
Ty for that detailed explanation on there being no difference between Schwab and Fidelity regards interest earned on MMF trades due to settlement day differences
That said Fidelity and Vanguard imo are still better imo because one is not force…
Interesting that Fidelity does not allow a buy order on unsettled funds. Could it be due to not having a margin facility on the account?
I Class entry at low minimums is a nice to have. The primary reason for RIA account is access to Alts which is…
@FD1000
"Even if I sell a fund into cash, I buy into MM fund immediately = same day settlement"
How is the above possible when you don't know what the sale proceeds will be(or even that the sale will actually go through) or do you do a conservative…
@msf
With Schwab, if I purchase a new position I have to sell SWVXX the same day because SWVXX will settle next day.
With Fidelity(my understanding) is that the MMF will auto trade and settle next day to cover the prior day purchase therefore MMF p…
Schwab relies very heavily on uninvested cash from customers -- don't know why there is confusion around this. Not offering auto sweeps into a MM fund like Fidelity and Vanguard is not due to Schwab being lazy, it is central to Schwab's strategy. Al…
Opened a new position in CPIEX, eliminated TAKNX, scaled down on NICHX and IMPCX, teed up CEDIX for scale down and IMPCX for elimination. Intend to increase CCLFX.
More than 90% of my portfolio is with Schwab but I would happily switch to Fido if my RIA supported Fidelity
Schwab lacking auto-sweep into a MMF and Schwab MMF settling T+1 vs. Fido MMF same day can get pretty expensive pretty fast if one is not …
One can be surprised at the technical glitches that one encounters.
In my Marcus(owned by Goldman Sachs) savings account dashboard, I had a outbound wire (which I had previously cancelled) showing a status of scheduled for more than a year after th…
Not an expert on this but...
Brokerages(at least the big ones) generally offer all available classes of a mutual fund because the distribution arrangement is at the fund company level(I.e. AQR Funds) and not at the individual mutual fund class leve…
No idea about that tool (would be pretty useful if still around though for me 90% of my portfolio is with Schwab, rest with Fido).
AQR Funds site has all the available classes and tickers for the two AQR funds I called out.
I personally prefer Fi…
QLEIX and QRPIX are not interval funds. While these two tickers are the "I" versions of these funds, both of these have non "I" versions that can be bought without an RIA. CEDIX is an interval fund.
Where available, I buy the "I" version of mutual …
There are two main risks in this fund
- Manager skill at picking positions and risk management (concentration risk)
- MTM pricing. This fund has an external auditor but an investor is relying on manager judgement and integrity for Level 3 pricing.
…
Berkshire does not control PGE rates. Or am I missing something?
PGE history of mis-management stretches many decades, way before PacifiCorp became a subsidiary of Berkshire. In 2019, CA asked Berkshire to purchase PGE which Berkshire refused.
How is Berkshire desire for profit tied to politics around PGE/California/conservatives/failure of privatization in CA?
I'm personally not in favor of complete privatization of electricity but other states have made it work.
Buffet has sounded the…
The bulk of my portfolio is with Schwab but Fidelity is way better than Schwab in tech and customer service. Plus auto sweeps into high interest MM account vs. Schwab where it can only be done manually. Schwab CS is very friendly compared to Fidelit…
Lotsa ways to slice and dice data to support a bearish or bullish bias. To wit. Rolling returns remove some of the bias inherent in picking arbitrary start and end dates to compare performance of two securities. Using FSELX vs. BIVIX as an example.
…
I was intrigued by the recent references to FSELX. Very impressive performance for sure. That said, over the prior 3 year period (this is my preferred benchmark) ending 01/31/24 and starting 01/31/21 BIVIX has handily beaten FSELX and this even afte…
I like to compare funds against ticker NICHX (due to returns, Sortino ratio and low market correlation). MRFOX stands out on various risk and return metrics, the other two Jain funds not so much.
I am impressed by MRFOX policy around only eating yo…
Fees are stiff when compared to offerings from an experienced player like Cliffwater. Unfortunately this is a feature and not a bug for these types of "mass affluent" products.
