11 August, 2023:
https://www.bloomberg.com/news/videos/2023-08-12/wall-street-week-08-11-2023

Thanks, @WABAC. I appreciate your specificity and I follow the moves you’ve posted previously.

de nada @BenWP.
PE on SYLD is still quite low. And I like the thesis for a long-term holding. FSUTX is off a little bit this year after coming through last year, so a little bump there.
All part of the process of concentrating the IRA, if Mr. Market will cooperate. I have lots of stragglers after pulling flowers at the end of 2021 to feed weeds. AKA re-balancing.
I am eyeing at least one new addition, That would be WBALX when one of my CD's matures in October. I prefer to add bonds in ways that I don't have to think about them beyond credit quality and duration. So I hide them in balanced funds, but also DSEEX.
NTF WBALX should pair nicely with my position in VWINX which has a rather high transaction fee at Fido.

August 12,2023 Episode:

Investing can be simple and accessible to the average person, says financial thought leader and economist Burton Malkiel. Malkiel, author of the investment classic “A Random Walk Down Wall Street,” has 50 years of research to back up his claim.

An actionable take from OJ was that funds within the T-IRA and 401k/403b cannot be touched, period, except by their owners. Even OJ's lawyer who were stiffed for their fees at some point (well, OJ was in jail) couldn't access OJ's retirement funds - they tried, including going through the courts.

+1

Said already several times. The main reason I use lower yield, "safer" MM with no gates because
1) The extra 0.2-0.3% (or a bit more) is *negligible on an annual basis.
2) I also have more than enough and can stay in MM for years but I'm using mostly bond funds. When I'm in the market, I invest at 99+% which is guaranteed by MM with no gates.
*I meant to write negligible.

Not much to add to the "health" discussion. After I retired about 10 years ago, I started focusing on bond oefs, and I did well with them, with limited stress until 2018. Starting in 2018, bond oefs became much less predictable for me, and I went through several very stressful periods, and was faced with having to trade much more often, and not always very successfully. I got through the period of 2018 through March 2022, made modest profits each year, but with increasing stress that I had to manage. When I started investing in CDs in 2022, I was able to make decent investing returns, but with virtually no stress. I don't know how long CD investing will continue to be financially rewarding, but I enjoy the lack of stress, I sleep better, and I can focus on other things in life that bring my wife and I great joy in our remaining years. It is hard to put a price on how valuable that is to me and my wife.

@rforno : Not a shocker here. Thursday purchased cd at BMO for apy 5.15% 13 month cd. 3-4-6 month cds paying less than 1% .01 &.05 apy !!!! I really got a GREAT Deal.

I was at my CU today to open up a MM account to locally store some $$$ at my bank outside of my checking account -- mostly to reduce the chances of potential significant direct-debit/ACH losses should any of my vendors get compromised.
Amazing that even at the CU their MM is only paying 1.X% interest when I would make 4.X or more parking money in USTs ... that's a pretty *big* spread, imho.

more data
https://threadreaderapp.com/thread/1690047183909752832.html

I get it, yes.
It has always struck me that many people (and I'm not saying you) are far more worried about the absolute safety of their money than they are about the absolute safety of their own lives. If they were half as worried about their own safety as they are about the safety of their money, they would never ride in a car.

+1. Totally agree and envious you can get 5.59% in your money market fund. Along the point you are trying to make. It amazes me how worried many are about the safety of their money vs. the safety of their health. They don’t seem to worry about what they eat, their weight, their blood pressure, or their sugar and cholesterol/triglycerides levels. Yet their fret about every little minute detail of their finances as if they all expect to live to be 100.

https://www.sec.gov/Archives/edgar/data/926678/000119312523208784/d538281d497.htm
497 1 d538281d497.htm 497
BRANDES INVESTMENT TRUST
Brandes U.S. Value Fund
Supplement dated August 10, 2023
to the Fund’s Summary Prospectus and Prospectus dated January 28, 2023
and the Statement of Additional Information dated January 28, 2023
Brandes Investment Partners, L.P., the Advisor to the Brandes U.S. Value Fund (the “Fund”), has recommended, and the Board of Trustees of Brandes Investment Trust has approved, the liquidation and termination of the Fund. The Advisor’s recommendation was primarily based on the fact that the Fund is not economically viable at its present size, and the Advisor did not anticipate that the Fund would experience meaningful growth in the foreseeable future. The liquidation is expected to occur after the close of business on September 28, 2023. Pending liquidation of the Fund, investors will continue to be able to reinvest dividends received in the Fund.
Effective August 17, 2023, the Fund will no longer accept purchases of new shares. Beginning September 25, 2023, the Fund’s assets will be converted into cash and cash equivalents, as a result the Fund will no longer pursue its stated investment objective and policies effective September 25, 2023. Shareholders of the Fund may redeem their investments as described in the Fund’s Prospectus. Accounts not redeemed by September 20, 2023, will automatically be closed and liquidating distributions, less any required tax withholdings, will be sent to the address of record.
If you hold your shares in an IRA account directly with Northern Trust Company, you have 60 days from the date you receive your proceeds to reinvest your proceeds into another IRA account and maintain their tax-deferred status. You must notify the Fund or your financial advisor prior to September 28, 2023 of your intent to reinvest your IRA account to avoid withholding deductions from your proceeds.
Please contact the Fund at (800) 395-3807 or your financial advisor if you have questions or need assistance.
This Supplement should be retained for future reference.

https://www.sec.gov/Archives/edgar/data/277751/000119312523209466/d476338d497.htm
497 1 d476338d497.htm 497
Janus Investment Fund
Janus Henderson Sustainable Multi-Asset Allocation Fund
Supplement dated August 11, 2023
to Currently Effective Prospectuses
and Statement of Additional Information
At a meeting of the Board of Trustees (the “Trustees”) of Janus Investment Fund on August 10, 2023, the Trustees approved a plan to liquidate and terminate Janus Henderson Sustainable Multi-Asset Allocation Fund (the “Fund”), with such liquidation effective on or about October 19, 2023, or at such other time as may be authorized by the Trustees (the “Liquidation Date”). The termination of the Fund is expected to occur as soon as practicable following the Liquidation Date.
Effective on or about August 11, 2023, the Fund will no longer accept investments by new shareholders. It is expected that the Fund will be required to make a distribution of any income and/or capital gains of the Fund in connection with its liquidation.
Shareholders of the Fund may redeem their shares or exchange their shares for shares of another Janus Henderson fund for which they are eligible to purchase at any time prior to the Liquidation Date. If a shareholder has not redeemed their shares as of the Liquidation Date, the shareholder’s account will generally be automatically redeemed and proceeds will be sent to the shareholder of record. For shareholders investing through a tax-deferred account, shares will be exchanged for shares of Janus Henderson Government Money Market Fund as soon as practicable following the Liquidation Date.
To prepare for the closing and liquidation of the Fund, portfolio management expects to increase the Fund’s assets held in cash and similar instruments in order to pay for Fund expenses and meet redemption requests. As a result, the Fund will likely deviate from its stated investment strategies and policies and accordingly cease being managed to meet its investment objective during its liquidation.
Additionally, any asset reductions and increases in cash and similar instruments could adversely affect the Fund’s short-term performance prior to the Liquidation Date. The Fund will incur transaction costs, such as brokerage commissions, when selling portfolio securities as a result of its plan to liquidate and terminate. These transaction costs may adversely affect performance.
Furthermore, Janus Henderson Investors US LLC has contractually agreed to waive its advisory fee, effective August 11, 2023 through the Liquidation Date.
Unless shares of the Fund are held in a tax-deferred account, the liquidation of shares held by a shareholder will generally be considered a taxable event. A shareholder should consult their personal tax adviser concerning their particular tax situation.
Shareholders may obtain additional information by contacting a Janus Henderson representative at 1-800-525-3713.

In this link https://cdn.nar.realtor/sites/default/files/documents/hai-06-2023-housing-affordability-index-2023-08-10.pdf
You can see that housing payments doubled since 2020. Affordability is way down too from 2020=169.9 to 06/2023=87.8

You make a good point. I guess I treat these risks the same as I do the risks I take every time I get in a car -- real, yes-- but I don't really think about it, and the chances of me getting into a bad car wreck are much, MUCH higher the the chance of these negatives materializing. Nothing is ever 100% in this world of woe.
I'm happy to have the extra few bucks.
But I understand your preferences also.
The reason I have this account at Wells Fargo has to do with my parents having an account at a brokerage called Thompson-Mckinnon back in the 1960s. They kept getting acquired and passed along to new entities, so now here we are.

The money market I am in at Wells Fargo is WMPXX. Its 7 day effective yield is now 5.59%. I see no reason to buy a CD with this money right now.
https://www.allspringglobal.com/investments/mutual-funds/fund-profile/overview/?accountingId=WBC7&shareClass=Prm&ecid=a2b2c5d4e1&gclid=CjwKCAjww7KmBhAyEiwA5-PUSmoIKzpnpEo0qG8Sjvx3LonlVIMh1tkFzCrOPvePv2zmMfGYEdUeaBoCQlsQAvD_BwE

Excellent yield, but generally I don't trust Wells and/or Allspring. I prefer Vanguard, Fidelity, and Schwab.
Issues with the above fund, see quotes from 2 sites(the above site + https://www.wellsfargo.wallst.com/EBrokerageDesktop/Public/Mf/Profile?symbol=96641854)
1) Money Market Funds may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors.
2) Offers potentially higher yields than a money market portfolio limited to Treasury-or government-related issues and mitigates risk by investing in a broadly diversified portfolio of securities across a range of eligible money market investments that may include, but are not limited to, bank obligations such as time deposits and certificates of deposit; commercial paper; asset-backed securities; corporate and medium-term notes; adjustable-rate securities; repurchase agreements; and government-related debt.
Basically, this fund takes more risk by venturing into less "safe" holdings + may have gates/fees in stressful times. Since 2022, I switched our Schwab SNAXX with now 5.37% yield with possible gates(as the fund above) to SCOXX at 5.21% and no gates/fees. The extra yield isn't worth for me if I want to trade at any moment and I can't sell the fund.

Short-term rates are peaking, but it would still be hard to call the absolute top. It is now? Or, 1-2 +25 bps hikes? But that should be it.
Long-term rates are now a puzzle. When people were expecting a recession, they were calling for long-rates to drop to 2-3%. But now, with recession off the table, and soft landing at best, and inflation not tamed yet, there are concerns that long-rate may shoot up to 6%+. The Fed has little control over the long-term rates and it is in the QT mode now (QE did bring down or held or suppressed long-rates).
Sticking with short/intermediate-term seems wise now.

MOVEit Data Transfer Breach
MOVEit data transfer is used institutionally & they found that it had a hackable access/trap door that some bad people used to access data being transferred. This breach has affected many firms - banks, brokers, several government organizations (including Social Security), but I haven't heard anything from anyone else EXCEPT from PBI on behalf of TIAA.
We got letters from PBI (with ID numbers) about the TIAA breach & we both signed up with Kroll for 2 years of free credit monitoring. Signup requires providing DOB, Social Security number, etc & answering a short Q&A based on some personal credit history - the most common answer was N/A but not for all.
Kroll is the old Duff & Phelps. The old Duff & Phelps bought Kroll & renamed the whole thing Kroll. So, it is a very old company that you may not have heard of (1932- ).
Has anyone gotten info/letters on this breach from other institutions?
Those with access to M* or Facebook may also follow details there.
Edit/Add. From MFO Search, I found this for TD Ameritrade/Schwab, https://www.mutualfundobserver.com/discuss/discussion/comment/165831/#Comment_165831
https://en.wikipedia.org/wiki/2023_MOVEit_data_breach
https://securityintelligence.com/news/the-moveit-breach-impact-and-fallout-how-can-you-respond/
https://www.pionline.com/courts/retired-teacher-sues-tiaa-over-moveit-data-breach
https://www.healthcaredive.com/news/612K-Medicare-beneficiaries-affected-MoveIt-data-breach/689346/

The money market I am in at Wells Fargo is WMPXX. Its 7 day effective yield is now 5.59%. I see no reason to buy a CD with this money right now.
https://www.allspringglobal.com/investments/mutual-funds/fund-profile/overview/?accountingId=WBC7&shareClass=Prm&ecid=a2b2c5d4e1&gclid=CjwKCAjww7KmBhAyEiwA5-PUSmoIKzpnpEo0qG8Sjvx3LonlVIMh1tkFzCrOPvePv2zmMfGYEdUeaBoCQlsQAvD_BwE

Additional information regarding inflation data can be found at MFO post: MARKETPLACE- Is shelter inflation data the most timely measure of housing costs?