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I love old fax machine stories. Did you have to call their fax from your fax and coordinate placing the phones into the cups at the same time?I was a Mutual Fund accountant many, many moons ago. Worked for a few different firms. They would price all securities using a feed just after the stock market's daily close (4PM ET). For any equities that moved > 5% from prior day close, you had to confirm that closing price at a Bloomberg terminal on-site.
For any bonds that were thinly traded, you could call down to a specific trading desk.
The holdings were adjusted for that day's trades that were made by the Portfolio Manager.
It was all very rushed and hectic, but maybe now it's more streamlined. At one point I handled an Intl Equities fund, and I received trades from London location via a Fax machine. It was less than ideal.
I have some stories, but they are boring. Or just better not to know.
Emphasis added.Changes in holdings of portfolio securities shall be reflected no later than in the first calculation on the first business day following the trade date.
https://www.ecfr.gov/current/title-17/part-270/section-270.22c-1#p-270.22c-1(b)(1)The current net asset value of any such security shall be computed no less frequently than once daily, Monday through Friday, at the specific time or times during the day that the board of directors of the investment company sets, in accordance with paragraph (d) of this section
Yes but it would require more formatting to cut-paste than I really care to do. And while there may be some outriders I'm not aware of, from what I can tell, most of the funds he mentions are well-known and well-discussed here anyway -- so no real surprises that I can (quickly) detect. (Though I do disagree w/some of those listed, but c'est life, right?)I stopped paying their $250 a year fee as I was not using most of the thousands (!) of recommendations.
Anybody got the article without the paywall?
Thanks and sure.Entered order today for next-to-last sliver of NEAGX per the same reasons as last BUY.
Good trade on GOOG. I hope it works out with NVDA as well.
Just curious, Do you mind sharing what %age of your portfolio you anticipate is your NEAGX position? Thanks
I'm still about 5% down from my January 2022 high, but I don't care; my bond income has gone up. I'm fine if rates stay normalized.Range-bound. That's where my portfolio is. 54 stocks, 37 bonds 7 cash.
Just thought I'd mention it. Getting impatient. Tonight, I'm sitting just off my OLD high-point, at the start of '22, before the interest rate hikes. Financials, Energy, Tech and Healthcare are where I'm most concentrated. In that order. Bonds have come up, yes. But not "so'z you'd notice."
I really don't want to pile into a horrifically crowded tech-trade right now. Arm, A.I., Facebook, Google, Amazon. And some of my stuff is holding WFC as a top holding. Makes me want to gag. Criminal suck-bag banksters. All of the huge banks are that way.
Interest rate cuts will help. Earnings have pretty much been coming in hot for 4Q '23. Still not much of a difference in MY portfolio. Stinky poopy. Meanwhile, tempus fugit.
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