https://www.businesswire.com/news/home/20250325773694/en/World-Liberty-Financial-Plans-to-Launch-USD1-the-Institutional-Ready-Stablecoin
"WLFI’s USD1 will be 100% backed by short-term US government treasuries, US dollar deposits, and other cash equivalents. Initially, USD1 tokens will be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, with plans to expand to other protocols in the future. Each token is intended to maintain a value of $1 USD, fully backed by a reserve portfolio audited regularly by a third-party accounting firm...USD1 reserves will be custodied by BitGo"

"[M]edian home for sale in the US ($124k) is 57% higher than the current median household income ($79k)."
As a first time home buyer, I was told that I should expect to pay three times my annual income.

FYI from Barron's: "Heads up, municipal bond investors: Amid all the Trump 2.0 policy proposals, there is one you should be aware of: The potential for munis to lose their tax-exempt status. “Eliminate Exclusion of Interest on State and Local Bonds” is listed on page 9 of a 50-page House Budget Committee document prepared in January that lists some 200 ways the government could raise extra funds to offset the impact of extending the 2017 Trump tax cuts."

I note SWVXX is down to 4.15% yield. Still attractive to me. I'm still adding in dribs and drabs. The savings account at the credit union is used simply as a sleeve to tuck money into for a particular purpose; it will be spent in a matter of months.

Yes, in one of my Schwab accounts, I put 2 CDs that matured, into SWVXX that pays 4.15%. In a different Schwab account, I put 1 CD that matured, into SNAXX that pays 4.30%. I can't find a nonCallable CD that pays more than that.

TSLA closed @ $287.99 today up 66.83% over the past year. Over 5 years it is up 740%.
I guess the folks that have held it a while can afford to lose a bit shorter term. I’m not aware of anyone who posts on this board owning it currently. But 5 or 10 years ago there was a member who was loading up on the stock. Imagine he made out pretty well.
It’s likely nearly all of us own a bit indirectly through our funds, however.
Top 623 mutual funds with TSLA stock
Should I be happy when one of my funds has a very bad day because it holds TSLA stock? Interesting conundrum …
(I’ll note that CPLSX, which I own, has been shorting TSLA according to the above linked source. CPLSX is up about 3.5% YTD.)
Not familiar with European car buying habits, The Bloomberg video posted by @BaluBalu mentions heightened Chinese competition as one problem for Tesla. That’s what I’ve been hearing too. In the U.S. prices (of gas) at the pump have been stable lately, possibly taking away some of the perceived benefits of electric cars. Also, it seems as if Americans are waking up to the benefits of hybrids, which combine some of the fuel savings of all electric vehicles along with the convenience and reliability offered by petroleum fueled vehicles. I think a doubling of gas prices over a short period of time would greatly motivate buyers to buy Teslas and other all electric vehicles - whether here or in other countries.

I note SWVXX is down to 4.15% yield. Still attractive to me. I'm still adding in dribs and drabs. The savings account at the credit union is used simply as a sleeve to tuck money into for a particular purpose; it will be spent in a matter of months.

You might consider SUTXX (Schwab) or FSIXX (Fidelity, Merrill). No B/A spread, no fluctuating prices, no premiums/discounts, no 1099-Bs, no wash sales, and nearly identical performance to SGOV.
Through March 24, FSIXX has returned 0.97% and SGOV has returned 0.95%.

Just an FYI - Tesla Europe sales were down 10 of the last 12 months.
Fundamental investors have never invested in Tesla for as long as Musk has been its CEO. Telling fundamentals to its stock investors has been a futile exercise.
Edit: https://youtu.be/iy2QU8CII0k?si=_FsgCD4DTe2nZr2P
One can find additional sources to corroborate the above sales info.

Following are excerpts from a current report in The Guardian:
US carmaker’s European market share falls as Chinese rival BYD overtakes it on global revenue, topping $100bn

Sales of new Tesla cars slumped in Europe last month in the latest indication of a potential buyer backlash over Elon Musk’s high profile and controversial behaviour since becoming a leading figure in Donald Trump’s administration. The Texas-based electric carmaker sold less than 16,000 vehicles across Europe last month, down 44% on average across 25 countries in the EU, the UK, Norway and Switzerland, and Tesla’s market share fell to 9.6% last month, the lowest it has registered in February for five years. In January, its sales across Europe fell 45%, from 18,161 in 2024 to 9,945.
However, in the UK the Society of Motor Manufacturers and Traders reported an almost 21% rise in the number of new Tesla cars registered in February, with the Model 3 and Model Y proving the second and third most popular after the Mini Cooper.
Analysts have said that the volatile sales are also likely to have been affected by Tesla’s overhaul of the Model Y. A global analyst at Jato Dynamics, said: “Tesla is experiencing a period of immense change. In addition to Elon Musk’s increasingly active role in politics and the increased competition it is facing within the EV market, the brand is phasing out the existing version of the Model Y – its bestselling vehicle – before it rolls out the update. “Brands like Tesla, which have a relatively limited model lineup, are particularly vulnerable to registration declines when undertaking a model changeover.”

Added to current position in NRDCX and submitted purchase for 17-week T-Bill auction using funds from mmkt.

I have been very disapointed in Fidelity documents. the IRA documents we were asked to sign date from 2008 and still list the RMD age as 70 1/2

The Week in Charts (03/24/25)
The ultimate guide to home price appreciation, include:
00:00 Intro
00:13 Home Equity as a % of Household Net Worth
00:50 Historical Data and Booms/Busts
08:24 The Affordability Crisis
10:59 Recency Bias = High Expectations
16:30 How Much Appreciation Should You Expect?
18:47 Free Wealth Path Analysis
Video
Blog

@rfono, I have had limited success with EM debts - volatile and geopolitical risk. So I will shy away from them.
I prefer European debts, especially among the Nordic countries. Professor Snowball provided a detailed write up on NRDCX several months ago.
https://mutualfundobserver.com/2024/10/launch-alert-crossingbridge-nordic-high-income-bond-fund/#more-19947

It looks like one can trade etf MMFs at T Rowe Price, even though you can't do this at Fidelity or Schwab.
https://mutualfundobserver.com/discuss/discussion/63581/fidelity-schwab-block-orders-of-blackrock-and-texas-capital-etfs
I agree that Fidelity is top-notch. Though nobody is perfect.

I've had to mail a bunch of 'sensitive' documents around the country recently. I setup an account with pirateship.com and am using UPS envelopes to send them. For $10 I can overnight to NYC. For $20 I can 2-day something to the west coast. (It'd be $50 going to their store or Staples)
Based on their own track record of deteriorating service in recent years, I don't trust USPS anymore for anything important.

Fido is not as benign as it seems. They are forcing all Advisor Clients to stop using their MMF for sweep vehicles and use FCASH instead. FCASH pays at least 1% less than their MMFs.
I have not checked to see if it is FDIC insured but I don't think so
"Taxable Interest Bearing Cash Option (FCASH), a free credit balance and is payable to you on demand by Fidelity. Fidelity may use this free credit balance in connection with its business, subject to applicable law. Fidelity may pay you interest on this free credit balance, and this interest will be based on a schedule set by Fidelity, which may change from time to time. As of December 23, 2024, the interest rate for this option is 2.19%."
The advisor we are talking to says they are forced to trade into Government MMF nightly just to get a better rate.
It is interesting that Fido thinks it can stiff Advisors who have Billions under management like this.
There are a number of short term Treasury Bill ETFs like BIL very similar to Texas Capital product. I wonder if they will go after them too?
This seems designed to po BlackRock

+1
@rono
I just bought some IAF (Australian equity market). Wanted to invest as far away from the stench as possible!

Not quite ready for prime time! - A good description of Fido’s basket system based on early impressions. Today I increased the CEF basket holdings from 7 to 9. Each has a weighting of around 11% inside the basket. (As a group they represent 17.5% of portfolio.)
The process:
- First, I put through a single sale from the existing basket of 7 in the necessary dollar sum to fund 2 more equal weight CEFs. This worked like a breeze. The system sold roughly equal sums from each of the 7 and the cash was immediately available for investment inside the Roth..
- Using the proceeds from the sale, I purchased the 2 new CEFs in identical cash amounts. They appeared first in the Roth account listing..
- However, transferring the 2 new CEFs into the existing “basket” was difficult at first. The system required a “percentage” of some sort - but it didn’t say “of what”? You’d think that would be 100% of each of the new CEFs … No!
- I then imputed a % slightly above that of the present basket occupants. That went through and 100% of each of the new funds moved into the basket.
- At first there appears no way to observe the share totals for the various basket occupants all at once. Early on I resorted to clicking on each individual CEF to view shares held - a slow process. However, on the third or fourth day I discovered a link on the main portfolio page that allows you to switch back and forth to either view all holdings with share totals, etc. or simply view the non-basket holdings. It’s hard to spot - “Hidden in plain sight” as they say. :)
- In the end, everything worked. It will be a great feature provided I simply add to, withdraw from or rebalance the entire collection. All that can be accomplished in 1 easy step. However, as I’ve noted - buying a new position or selling an old one could prove trying.

@rfirno: I bailed on CLF when it popped to $12, but I rarely pull off profitable short-term trades.