Buy Sell Why: ad infinitum. Limit order on UNB didn't "take." That same money will buy shares in BHB, Bar Harbor Bankshares. ME, NH, VT. Limit order is in, at the current market price, for Friday morning, 01 April, '22. $28.62. M* says it's an -8% discount. "Simply Wall Street" says it's much more of a discount. That's a universal thing over there at SWS. They must be calculating discount/premium differently, somehow. 3.35% div. (Edit: Oops. SINGLE STOCK. Maybe should have stuck this one in "other investing.")
RCTIX - Manager Change @BaluBaluFido hiring, a growth sign, eh? The times I've called over many years, if the CSR couldn't readily help; the proper person was sought. No problem with that. 'Course, the caller must have a properly framed question in the first place, to expect a proper answer.
Fidelity hiring
The intent of my post was to be helpful to this forum members and not to take shots at Fidelity or any other brokerage.
Re customer competence, in the past 3 yrs, I have lost count the number of times I had to educate Fidelity CSRs about investment products available on their platform and the services they offered; while in the prior
10 yrs, I had consistently received outstanding service. Now, I hardly transact at Fidelity just to avoid having to deal with their CSR. I just leave most of my cash allocation at Fidelity. I expected Fidelity to assign less trained (and sometimes unprofessional?) reps to smaller accounts before elevating them to their highest level accounts but it is possible Fidelity lost too many employees at every level. l shall let other devoted customers train Fidelity CSRs before I check back with Fidelity.
RCTIX - Manager Change
I was aware of the issues with Dondero and reviewed articles about them in the past as well as
concerns raised by board members at this discussion site. But, NexPoint Advisors' real estate/REIT and BDC focus were a plus in my mind given the small cap focus of HMEZX. In the end, the 5
1/2 year performance record of HMEZX outweighed the concerns raised about the Highland Capital issues. So, I was comfortable to invest 3.2% of my invest portfolio in this fund.....but will remain on the watch for new developments related to Dondero's problems.
Finally, a down quarter For what it's worth. Notes by By Nicholas Jasinski, Barron's.
"Here's how some notable performers did in the first quarter of 2022:
Best-performing sector – Energy +37.7% (largest ever)
Worst-performing sector – Communication Services -11.5%
Best-performing S&P 500 stock – Occidental Petroleum +95.7%
Worst-performing S&P 500 stock – EPAM Systems -55.6%
Best-performing DJIA stock – Chevron +38.9%
Worst-performing DJIA stock – Home Depot -27.9%
Best-performing market worldwide – Brazil +34.7% (in USD)
Worst-performing market worldwide – Russia -78.8% (in USD)
Best-performing commodity – Diesel +67.4%
Worst-performing commodity – Coffee -4.5%
Bloomberg Barclays U.S. Aggregate Bond Index -6.0%
10 Year Treasury Yield +0.828 percentage points
Cboe Volatility Index (VIX) +12.3%
Gold +6.7%
WTI Oil +33.3%
U.S. Dollar +2.5%"
RCTIX - Manager Change I'm also confused by the bankruptcy status of Dondero and its possible effect on the funds. I've capped my investment at $1,000 at Vanguard and Schwab in HMEZX because I have this irrational fear that my investments could be confiscated or locked up due to this bankruptcy fiasco !
Grandeur Peak Global Explorer Zero Assets Riddle? It's back to $0 again. I wonder if it's a certain time of the day when they're settling accounts. Weird.
I think that must be right. I found it a zero in the late afternoon and 2 hours later it was back to $
10.3 Million.
Inflation: Food prices are going up — and at levels Americans haven't seen in decades The following is
a current National Public Radio report:
The United States Department of Agriculture released an update to its Food Price Outlook for 2022 and found that nearly everything one might ingest – whether it comes from the grocery store or restaurant – is going up in price.
And yes, that's on top of the price increases consumers have already been forced to endure in the last year.
"All food prices are now predicted to increase between 4.5 and 5.5%," the USDA's Economic Research Service explained in the March report.
While the overall increase is alarming, a closer look at various food categories show just how expensive shoppers can expect items to get, according to the USDA:
Beef and veal: +16.2%
Pork: +14%
Poultry: +12.5%
Fish and seafood: +10.4%
Eggs: +11.4%
Dairy: +5.2%
Fats and oils: +11.7%
Fresh fruits: +10.6%
Fresh vegetables: +4.3%
Processed fruits and vegetables: +7.6%
Sugars and sweets: +7%
Cereals and bakery products: +7.8%
As for take-out or dine-in menus, the USDA said those prices are predicted to go up between 5.5 and 6.5% for the remainder of this year.
Additionally, food prices climbed 7.9% for the year ending in February 2022.
This was "the largest 12-month advance since July 1981," according to the department.
The report also noted current global events that will only add to the uncertainty of food affordability, saying, "The impacts of the conflict in Ukraine and the recent increases in interest rates by the Federal Reserve are expected to put upward and downward pressures on food prices, respectively. The situations will be closely monitored to assess the net impacts of these concurrent events on food prices as they unfold."
Comment: "Downward pressure on food prices"?
From what?
RCTIX - Manager Change
Buy Sell Why: ad infinitum. Looks similar to JHQAX
@hank. Investing in equities but a sleep well fund.
Generally true, but not today. JHQAX lost
1.65%! More than the Dow, the S&P or the NASDQ.
Quite an unusual performance for a hedged fund.
Fred
RCTIX - Manager Change @BaluBaluFido hiring, a growth sign, eh? The times I've called over many years, if the CSR couldn't readily help; the proper person was sought. No problem with that. 'Course, the caller must have a properly framed question in the first place, to expect a proper answer.
Fidelity hiring
Grandeur Peak Global Explorer Zero Assets Riddle? Website doesn't show any data source but the use of FactSet is mentioned. May be they have 2 people doing these updates, the 1st initializes AUM to 0, then the 2nd enters the updated value (-:).
This error is not seen in any other data source (M*, Yahoo Finance).
CDs are starting to move up a bit A short term ladder starting at 3 mos will still pay more than cash
Apple bond due 9/12/2022 is 1.1 YTM 0.91 YTW
2% coupon but unlikely to be called I would think
1.1 beats negative 2%
Baillie Gifford Positive Change Equities Fund to be reorganized +1
"The Market" Cash outperformed most everything today. Be glad you have some. Though I’ll guess longer dated investment grade bonds had a better day.
Commodities & the metals started out hot this morning , but slid to flat / negative near the end.
Energy got whacked as most are aware.
The 3 major U.S. equity indexes languished all day and fell hard at the end, all down around 1.5% for the day.
CDs are starting to move up a bit With Fed meetings scheduled in early May (and then again on June 14-15 and July 26-27), would it make sense to wait just a few more months before starting a CD ladder?
RCTIX - Manager Change With Fido customer service, they have hired thousands of new Reps, many of them are green. One has to sense within the first 15 seconds if the Rep answering the phone is competent and drop the call and dial back in the hope one would get a seasoned Rep.
