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if this hasn't already been posted here, well, it ought to tell you a lot about boing in the modern age, none of it good
https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/
I hate to tell you, but that is not a Boe…
@Mark. Sorry you couldn’t pull up the article. Didn’t miss much IMHO. It goes over the reasons others cite here - especially the fund’s concentration in 7 or 8 big holdings.
Later on states: ”By the end of last year, ARK funds had destroyed more w…
FZROX is a total STOCK market fund with zero ER. Fido makes money from securities lending and lower index fees from a former subsidiary. Despite its ticker, it isn't related to Treasury Zeros.
I stand corrected. Thanks again Yogi.
Check out Fido's Bonds/Treasury section.
Thanks again. Better idea. FZROX would be subject (to some sort of) 30 day in-house OEF rule at Fido that restricts buying & selling. With these things it would be safer to have an ejection button nearb…
Thanks Yogi. Good suggestion. I misread your answer briefly (thinking you meant CD ladder).
Not something I’d get very extravagant using. Just one simple 2 or 3 year zero (probably as a short term speculative hedge) would be enough.
With your h…
Yes @msf / Your answer is confirmed by AC ‘s prospectus …
”Although the fund’s investment policies are designed to provide an investment that is similar to investing in a zero-coupon U.S. Treasury security that matures in the year 2025, a precise f…
humm … interesting I’ll look at BOXX. Thanks Yogi.
What I’ve been mulling over in recent days is something similar to a zero-coupon, but maybe just out 2, 3, 4 years. (Zeros are crazy volatile as I think everyone knows.) Might be a good hedge / h…
@hank - I just wanted to let you know that I really appreciate not being asked to be a partner in this new enterprise. :)
You were the #1 “special invitee” @Old_Joe. I’ll cross your name off the list. Thanks for letting me know. ;)
I’m just trying to get a handle on this Pecker fella. Is he related to the guy that picked the pickled peppers?
I think SNL will be live tomorrow night. Should be a hoot.
Great ticker symbol. Will some other Wiz be able to buy that since Wiz 1 is being discontinued?
Does it cost anything to start an ETF? Thinking of giving it a try.
:) Good one Mark (depends on what you own I suspect)
Without getting too deep into the weeds, unlike @msf who prefers the “plain vanilla” variety, most of my equities are of “fudge” variety - meaning they are held inside multi-asset funds…
Nice @msf
I liken the “drag effect” of portfolio hedging to brakes on a car. A car would be much more efficient and would travel farther if you just left it rolling along.
PS - @msf said “Shilling (attrib Keynes): The market can remain irrationa…
”This column should not be read as a criticism of low-risk investments. They aren’t required for younger investors, who need not worry about redeeming their funds at the wrong time (at least, if they are sensible), but they are critical for retirees…
Thanks @Crash.
Lightfoot’s lyrics are powerful and often depressing, The one that begins “The space shuttle ends where the subway begins … “ is indeed haunting. (A shuttle crew returns to earth to find the human race has completely annihilated …
Paying $200 for a (introductory) year of M* Premium Investor. That’s $16.66 a month. You can’t buy a bottle of drinkable scotch for that. I saw a 6-pack of Sam Adam’s (Boston Lager) priced at $12.50 (+ bottle deposit) where I shop the other d…
My first & last boat leans up against back garden shed. I paid all of $100 for 11'6" flat bottom v hull. Many enjoyable hours spent fishing !
To each his own.
For fishing I never thought it made much difference what size boat. Over 45 years …
Thanks for all the suggestions guys. :)
As I started to say … I don’t have strong reservations about paying for content. Albeit, M* is fraught with apparently self-inflicted shortcomings.
(I’ll defer to others as far as Mike’s question for “smart guys”.)
But I agree 100% with Mike’s reasoning. I do have some non-sheltered holdings in a tax exempt muni bond fund. Aside from that, the other 90%+ resides in IRAs and I don’t gi…
The two happiest days in a man’s life: (1) When he buys a boat, (2) When he sells it.
At least that’s how it occurred to me. The boat had aged and needed constant expensive repair. I never carried insurance on it as the rates are much higher if ope…
I believe that in the case of mutual funds and ETFs it is automatic. That is … the fund’s NAV is regularly updated to reflect accrued dividends, interest, cap gains. And when those are distributed to shareholders the share price falls by the predi…
”automatically” …
To my knowledge (and based on the Motley Fool piece) it is not automatic. Just a consequence of a normally functioning marketplace. Other factors could intervene and impact the stock’s price before the market reopens on the e…
Generally, a stock’s price rises in the days leading up to its ex-dividend date. Investors want to own it time to qualify to receive the dividend. So the last closing price before the ex dividend date should fully reflect the stock’s intrinsic val…
Only in NYC ….
The Seven-Eleven on 8th Avenue near my hotel in January required an armed guard to come to the beer cooler, unlock it, and observe me as I read the labels on a few different 24 oz. cans. Kinda takes the joy out of buying a can of …
I used to be to compare multiple funds, which I can no longer do …
I’ve done that before at Fidelity - and without logging in. Up to 3 or 4 funds at a time. A real eye opener. Very helpful. It’s a bit hard to uncover. ISTM you need to be researc…
Exited the small position in PSQ (inverse NASDAQ).. Pocketed a few pennies from last week’s romp - but too hot to handle. Added to CCOR and SJB. I’m completely out of my shorts, except the small bit in SJB - which shorts junk bonds. If we encoun…
Well said @Investor. Nice to hear from you.
Calamos has been on a binge lately opening new funds. Several this year. No complaint. I have significant exposure to two of their more established funds. One wonders however whether they might be sprea…
I guess if it was mailed at a PO or even an authorized USPS drop box there’s not a lot to worry about. Just be vigalant. I assume a lot of my personal info (like SS #) is out there anyway. Honestly, I can’t ever remember of something being lost in …
All true @msf. I posted some of my frustrations at M* in the OT section yesterday. As of this morning, they still couldn’t pull up CCOR.
I find their fund analyses interesting (but largely robo-generated). In particular I appreciate their notes…
Thanks @Sven. A relief of sorts. After mysteriously receiving M* Premium free for about a year, they pulled the plug / cut me off on Friday. I coughed up $200 over the weekend for a 1-year (discounted) subscription. Would have cancelled within the …
Bought back all the shares of NSRGY I sold Friday (small speculative position). As noted earlier it went X-dividend this morning and there would have been a 10% foreign tax on the dividend. (I guess this is all legal.) Also got completely out of …
I prefer “old school” paper method. Easier to spot and correct errors or omissions before sending when doing it myself rather than emailing it in. Always pay for certified mail. Attach mail receipt to copy of tax documents. Sorry to hear of i…
From an investment standpoint there is a growing and sometimes lucrative market for litigation funding. While currently restricted to accredited investors, this article explains how average retail investors can also get a piece of the pie.
“Non…
