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.
I've been following this as a customer. Our HOA fees are processed by Pacific Western Bank.
We were supposed to have moved to a better (whatever that means) bank months ago. I don't know what the holdup has been; I'm just glad to have quit a…
In the worst case (not receiving enough money from the banks to cover the insurance costs), the FDIC is reliant on the Treasury. That's what "full faith and credit" means.
"The FDIC is funded by its member institutions through premiums and assess…
The cite given in the article, gunfreefunds.org, is under the As You Sow Invest Your Values umbrella that I've suggested before.
In calling out Lockheed Martin (LMT), it seems the writer is conflating two different though related issues: military …
Now you're going all metaphysical on us :-)
If I have $400K in a bank split between two accounts and the bank fails, I'm covered for $250K. Cash being fungible, does it really matter whether the FDIC covers $200K in my savings account and $50K in…
Continuing from @hank's US Bank source:
CDs from the assumed bank are separately insured until the earliest maturity date after the end of the six-month grace period. CDs that mature during the six-month period and are renewed for the same term and …
On the last cycle, the Treasury said that you wouldn't get the old rate if you purchased savings bonds on Oct 30th (Mon) or 31st. Now it is saying much the same thing:
When did I need to complete my I bond purchase to receive the initial rate of 6…
"Mr. Ballou is an attorney and the author of the forthcoming 'Plunder: Private Equity’s Plan to Pillage America,' from which this essay is adapted."
Not to be confused with: "Financial journalist Gretchen Morgenson explain[ing] how private equity f…
Often, though not always, one can do a little better on the secondary market. Currently, the 3 month T-bill expected auction rate shows as 5.012%, while I'm seeing (at Fidelity) a T-bill maturing 7/27/23 with an ask yield of 5.124% (quantity 1). …
If the CD is replaced, the rest of the fine print says that you can exit without penalty. And you'll get the high(er) rate of interest that accrued up to then.
By law, the acquiring bank can lower the interest rate on your deposit account, but you…
Given that he was "big on Union Carbide", this must have been recorded in the 20th century. Union Carbide was acquired by Dow Chemical 2/6/2001.
I'd like to think that this was recorded before 1984, before Union Carbide caused the immediate death…
You could use the more PC line from TNG: "where no one has gone before". But that would be mono-ist.
Remember the Bynars.
https://memory-alpha.fandom.com/wiki/Bynar
Buying a CD or a bond with accrued interest is like buying a dividend.
If you look at the value of a mutual fund share, ex-div, it is less than what you paid for it on the record date. That's because you're paying for the money that you're abo…
But going back to my first example . . . Let's say the coupon on that three month CD is paid at maturity only. So I have not lost out on two previous months of interest payments. It seems to me that the seller is so desperate to raise cash that he i…
VG advisor is their glorified VG PAS ROBO-advisor. Apparently, a call center person calls about the allocation recommendations that the computer spits out.
That's a cheap shot.
(I'm not sure if the pun is intended or not; funny what the subconsc…
I don't trade CDs either, but that sounds about right. If they work like secondary market bonds the buyer will pay the seller for 60+ days of accrued interest up front, rather than owing the seller that interest at maturity. That's the only deta…
Don't getting too misty-eyed over that time. Congress passed some of the most detailed, constraining legislation (even by Congressional standards), because it didn't trust Nixon to faithfully execute the laws if they gave him any wiggle room. I'…
@Mark - thanks for the brief paper.
Next thing you'll be telling me is that you found proof that if you drop a pound of feathers and a pound of lead from the top of the Empire State Building, the feathers fall more slowly. Heck, you might even fi…
In the lead/feathers test, I bet people are quite sensitive to the inertia (both linear and angular) when lifting the two supposedly identical boxes and the experimenters neglected this.
Linear inertia is the resistance of a body or collection of bo…
Be aware of ounces (common measure) and Troy ounces (used for precious metals).
Other Tidbits:
...
Gold is 19.32 times heavier than water, silver is 10.49 times heavier (specific gravities)
Good point.
As to which is heavier, gold or water, I …
For you fourth graders out there:
If I steal $14.8 million ($14,800,000) in gold, and
if gold costs $2,000 per ounce,
how many ounces of gold have I stolen?
There are 16 ounces in a pound. How many pounds of gold is that?
There are 2,000 pounds …
That's an excellent question, actually two of them. On what day is a non-OEF dividend reinvested and at what time (price) is it reinvested? These questions apply equally to any security continuously priced.
Despite what you would wish, you don'…
That profile rang a bell. As I recall, what used to be Buffalo Science and Technology Fund (BUFTX) had a similar profile. Though in its newer incarnation (Discovery) it's a more typical MCG fund.
I did a very quick M* search for tech (40%+) and …
The only solution I see is if 5 or so Republicans who were elected from blue districts cross over to vote with Dems to raise the ceiling… There has been some quiet discussion of this happening
Discussion may have been quiet, but a proposal that wou…
Default denialism as generally used is the idea that a default wouldn't be harmful. It was discussed to death in 2011 and 2013, e.g.
American Enterprise Institute - The Foolish Idea of Default Denialism - "A craze is sweeping the nation, the idea…
Vanguard's portfolio tracker correctly imports the current PRPFX price. One may need a VG account to use. It is under "My Accounts" / Holdings. At the bottom of the summary of VG accounts is a link to add outside accounts, which can be added m…
I saw that article. Worth noting is that the method of reinvesting divs was different from what funds do. He reinvesting divs into the stocks generating those divs (computing total returns for each holding), while a fund or index (I presume) re…
So we're near the end of two pages of discussion on this topic and not ONE time has the term "alpha" been stated
If I own a volatile fund, I expect it to go down more than the market. But I also look for it to more than make up that underperformance…
I hope he can be trusted. Meanwhile ... The M* premium stock screener will also be retired on May 2nd.
This screener will be retired on May 2, 2023
After May 2nd, the Premium Stock Screener will no longer be available. You can access our comprehe…
Nicholas Fund. Third ave value. Sogen international. Mutual shares. Of course Fidelity Magellan. Those are just the ones I can remember. But they come and they go.
CNN/Money, THE BEST MUTUAL FUNDS Here Are the Pros' Choices for the Next Decad…
After the dot com bubble burst and my largest holding was down 10% more than the market (i.e. around the figures Lewis is using), I got a cold call from someone pitching professional portfolio management. I still remember my response: I already ha…
Down-years are to be expected from time to time
Lean years, sure. Down years, not so much. Aside from last year, the last calendar year in which PRWCX lost money was in 2008, when it lost 27.17%. The only other calendar year in which it lost …
It would seem to mean little more than average investors fleeing investments at their low points only to buy back at higher prices. Add this data point to the "even more evidence about not beating the market" thread.
PRWCX bottomed out on Oct 12t…
This is is ground-shaking. Amazon revolutionized publishing in 2007 with the release of the Kindle e-reader, the first of its type,
Half correct. Amazon popularized e-Readers, but it wasn't the first. It wasn't even the first of the second gen…
It's more than simply an AUM-weighted average of fund returns. It considers cash flows - investor dollars going in and out - and calculates how much each extra investor dollar earns. That's still asset weighted, though the assets being weighted …
It's easy to see that REITs and MLPs get different tax treatment. The former falls under corporate tax rules (with significant exceptions), while the latter falls under partnership tax rules.
REITs are defined in the tax code (26 U.S. Code §85…
I'm writing about tax code and generalities while you're presenting specific tax situations and experiences. We're simply talking at cross purposes. As we're coming from different perspectives, I'm fine with agreeing to disagree. That doesn't …
The ability of LP's in a real estate private LLC to get the benefits of depreciation that shields most of the tax impacts of the distributions is massive.
I think you're talking about the LLC members who are not managing members. For clarity it mi…
The Journal of Accountancy article from 1997 isn't relevant in today's world especially after the rise of crowdfunded CRE following the JOBS Act in the 2010's
That article discussed the alteration of tax benefits (notably pass through of losses) in…
Or perhaps poor management. Walmart put up with losses there for 17 years, since day one, and then gave just five days notice before shutting down the stores. Not an indication of good planning skills, and certainly not good public relations. …
A couple of clarifications (perhaps):
- The termsheet that Shadow provided says that minimum additional investments are $5K, but doesn't say that these additional investments are required or that they can only be made on a monthly schedule.
- The …
