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Was able to initiate new BIVRX position via Schwab's PCRA retirement plan portal. Don't know how or why, but it gives access to (soft?) closed funds.
I've just tried testing this by setting up a Schwab PCRA trade and got a message: "Buys for exist…
BIVRX gained 61.2% in 2021, and then followed that up by rising 49.5% in 2022. This "long-short" fund has 6 positive calendar years of gains, 0 negative.
However, in 2024 it is down YTD..... close to (-9%) thus far. It's worth a small allocati…
"He was “Mush” because everything he touched turned to mush.” --A Bronx Tale (1993)
Yes, I had initiated a position in MRFOX quite recently. So sorry, shareholders. So very sorry. (I've also tainted QDSNX and BIVRX this quarter as well).
After re-reading some of @Lewis Abrahams other postings regarding interval funds, starting to re-think this idea. At the end of the day, these vehicles probably do not properly mark-to-market their investments, so it appears that valuations are sm…
In over 6 years, NICHX (interval fund) has only had 2 negative months of performance. Stale pricing may or may not be an issue with these types of funds (illiquid fund holdings).
I have access via Schwab PCRA acct and am liking the 9% per year ave…
Annual founders' meeting at a Cracker Barrel. Hmm.
Could always save a few bucks and just go to The Waffle House. They have an index named after them, but it's weather related. (Google it).
Sounds like PVCMX is still having trouble finding many …
Warren Buffett started selling some of Berkshire's AAPL shares, and is putting the proceeds back into T-bills. Likes the >5% yield, and he can't find any good value in the current market.
He may be old and conservative, but he ain't dumb.
Another market neutral fund, VMNFX (down -.14% today) has actually outperformed QDSNX by approx. 3% annualized over the past 3 years (15.6% vs. 12.6%) with same SD (7.3). Looks like Vanguard had changed up the Portfolio Mgr around 3 years ago.
Ha…
Up another +12.4% today at $46.69, well off the recent lows of ~$23. Once in a lifetime scam, as it's right out in the open.....so why not own some of it?
"We may have missed a golden opportunity here" - says nobody.
PIMIX is a prime example of why it's helpful to have access to the Institutional class of any fund - you can save anywhere from 25 to 75 bps per year in expenses. Especially for bond funds, it's a difference maker.
Having to pay a Transaction Fee…
If you are going to remain "overweight" in equities, the 1 phrase that sticks in my mind is:
"A rising tide lifts all boats" - JFK
....and the reverse is true as well. Defensive sectors (Utilities, Health, etc.) don't always hold up. So it wo…
In order to deflect from the free stock grab that the orange one has concocted, the CEO (Nunes) singled out four market participants that have been responsible for more than 60% of the volume of DJT shares traded: Citadel Securities, VIRTU America…
I would think some of the action is from the Robinhood brokerage accts folks. They've played with a lot of things since the Covid period, regardless of any underlying value of the item being traded, Strictly money transactions hoping for the fast bu…
Would pay a kings ransom just to see the list of "investors" buying this stock daily. DJT is averaging 6M shares per day. Are the buyers from Russia? China? Supreme Court justices?
DJT is up over 12% today, at $36.75 for the moment.
It's one t…
And naked shorts could lead to a short squeeze. Sounds like fun, but it's not.
Now I am not so sure about what is really being discussed here, so instead of ducking, I'll just show myself out.
Innovator recently issued "AAPR" which is capped at 18% gains, and supposedly offers 100% "buffer" protection against losses (for 2 years, until April 2026).
There are a lot buffer funds flooding the market.
A regulatory filing notes there’s no guarantee the fund will be successful in providing the much sought-after downside protection."
A guaranteed return of 0% - 9.65%? There's simply no free lunch out there, so I remain skeptical.
Let's see ho…
@Balu, thanks for catching the -2% trading day. A small red flag, if one is looking to avoid volatility.
We don't know what lies "behind the curtain", and its probably better to stay off this yellow brick road until there is a track record.
WZRD didn't lose money this past month, stayed flattish. Low volume on many days, as it is new.
Well since it's pretty much still only holding cash or cash-like stuff, that would make sense....
WZRD managed to gain +.58% yesterday, so maybe it da…
Happy to find BIVRX open/available though state retirement plan option, started a position.
Adding to that and PVCMX next week while the market figures out how much to correct.
DJT volume is a bit higher today, and the price is also up. All this on a down session for stocks. Keep hearing that the option premiums are too expensive to effectively short this pile of ****, so it can't be a short squeeze.
I smell a rat - a…
BOOM.
Buried deep in the prospectus, in the list of 'Selling Shareholders' Donald J. Trump is listed as making 114,750,000 shares available under this offering at that insanely-deflated strike price. We all knew it was a matter of time before he …
Well, at least all of this may serve to take Trump's mind off of the jury selection as he sits there...
If he can stay awake long enough to ponder it, of course. His fave NYT reporter said he kept dozing off earlier today.
I'm sure he is just…
-17% today as of 2:50 PM.
Genius at work.
Wasn't it "Super Genius"? No, wait - that's Wile E. Coyote. Ah, yes, he is the self-proclaimed "stable genius".
Next stop - $18.
Can he also lead an insurrection to the Nasdaq exchange - is there …
What's a "TV Guide?"
To clarify for those who aren't old, a TV Guide is a weekly magazine that kept you up to speed on the latest details for complex sitcoms such as "Three's Company" and "Mork & Mindy". TV Guides may still be available at yo…
Thanks @Edmond. I was just going take a peek , & guest I'll check on PRCFX.
DOWN .8%.
On that day, both equities and bond indices took a hit (approx. -1%). Allocation funds like PRCFX cannot be expected to weather that type of storm as well …
Started small DHAMX position - 10 years up, 2 down (but both small losses). Solid returns.
The Fund may employ hedges and other capital protective strategies when deemed appropriate and may try to enhance returns by writing (selling) out of the m…
Per the Abraham Fortress website: FORTX
Equity
40-60% exposure in equities comprised of stocks of issuers of any market capitalization in the United States, and/or outside of the United States, and derivative instruments such as futures, options o…
I can still recall the Columbia record deal insert from the weekly TV Guide. It was something like "$.01 for 10 records". You later had to buy 1 additional album per month for life at approx. $14 each - that was a lot back then. In those days, …
"Markets like this, whether held aloft by hope, euphoria, or (ir)rational exuberance, do tend to return to earth at some point. If opportunity is knocking today, we’ll answer the door with a smile. What we won’t do is join the pilgrimage to the top…
