A guaranteed 1.6% ? By invitation, Citibank is offering a $700 bonus if you open a new checking account and keep $50K in the account for 60 days, starting 20 days after you open the account.
Admittedly that's only
1.4%. If you're willing to live with a lower dollar bonus, the bank will give an invitee $300 for a 60 day deposit of $
15K. That's a full 2%.
I'll go along with yogi that there's usually risk in arbitrage. The risk is why the market gives these arbitrage opportunities.
With Citibank offer, the money is instantly liquid (it goes into a checking account), it is rate resistant (face it, Citibank is never going to pay any real interest on checking), and virtually by definition is as safe as an FDIC-insured CD. The only risk is that Citibank fails in the next few months and you don't get the bonus.
In any transaction where there's a payoff (the risk premium with buyout or the deposit bonus with Citi), it's not only the percentage gain that matters but the time to payoff. With Citi it is 60 days plus a little slosh. The stock acquisition will take longer - the expected closing is in 4th quarter.
https://www.financierworldwide.com/fw-news/2022/3/22/berkshire-hathaway-agrees-116bn-alleghany-acquisition
A guaranteed 1.6% ? Speaking of guaranteed money, we are taking advantage of online checking account, SoFi Checking of 1.25% with a monthly direct deposit, .7% without a monthly direct deposit. Our local bank is .01%.
No minimums, no fees, FDIC insured. We've used SoFi for approaching 3 years, before they became a bank. CEO is former COO of Twitter and managing director of Goldman Sachs.
A guaranteed 1.6% ? It is surprising to me that Alleghany ( symbol Y) is trading 1.6% below the price Buffet has agreed to pay $834 vs $848. Beats CDs unless you go out a full year. It is easily liquid, rate resistant and I would think as safe as treasuries or CDs
Buy Sell Why: ad infinitum. Good morning
Fake rally???
If sp500can hold 21 dma then approach/past 200 dma maybe uptrends from there
Feds meet soon and that can throw wrench into rally
Happy weekend/holidays
Stagflation +1.
Looking into futures Bond market is just not believing what the Fed has been saying on rates. So, it is thinking that after 2 more 50-bps hikes and the start of QT, it may pause/stop. Even Atlanta Fed's Bostic (not a current FOMC voting member) said so. Treasury volatility MOVE (blended) has also peaked. While they say, don't fight the Fed, that is what the bond market is doing and one of them will win.
Stagflation being a condition of high inflation & slow growth may be transient. Economy may then go into recession or rebound - Powell Fed would control that to some extent.
https://stockcharts.com/h-sc/ui?s=$UST10Y-$UST2Y&p=D&b=5&g=0&id=p10002505086https://finance.yahoo.com/quote/^MOVE?p=^MOVE
Buy Sell Why: ad infinitum. bear market rally
That is for sure. Will see if this will advance tomorrow and weeks after. YTD, the US, developed and emerging markets are still
down 14.4%,
11.6% and
13.6%, respectively. Bond index is also down 8.6%. So it will take some time to recover…
The valuation has came down considerably. Have been adding selectively from large cash position.
Seeking Alpha Membership Value Opinions “
… considering Barron’s costs $20 per month….”
Prices will vary of course. But a Kindle subscription to
Barron’s is currently $
12.49 per month.
Depends on what you’re looking for. No one size fits all. They all have something to offer. I sometimes check out out Zack’s free online stock ratings when considering a stock purchase. A single good tip or recommendation from any of them is likely to compensate you for the price of subscription - and than some.
Ben Franklin:
“An investment in knowledge always pays the best interest..”
Stagflation
Seeking Alpha Membership Value Opinions @BenWP, sorry to be late in replying. Awhile back I was in similar situation as you on subscribing SA and finally decided not too for other reasons. Since I subscribed to Barron’s and Apple News, adding SA would be too much to keep up with. As you may have found that many authors like to
over-marketing their articles by using catchy titles as examples stated above. There seems to be a inverse relationship between the quality of content and the title.
In short, there are quality work posted in SA but you have to been selective on what you read. $
15 per month is reasonable considering Barron’s costs $20 per month. You can always cancel after several months if you no longer find it useful to your investing.
Asset Allocation Funds Thank you
@Bobpa. By the way, you'll find a lot more historical data if you use the older A
1 share class ticker - FKINX. The A
1 share class is closed to new investors.
Cathie Wood’s Flagship Fund is Down … Money is Still Flowing. WSJ @rforno a good share from NY Mag. Interesting story. It’s a shame stories like this weren’t written when her fund was up
187%. The implication is that her investors are all Robinhood or Reddit investors along with Archegos. But, it strikes me that they don’t account for her $
16B or even close to it.
Wasatch changes open/closed status on some funds
Fund Allocations (Cumulative) 4/30/22
In response to high market volatility, finally there was a noticeable shift from stock funds to bond & m-mkt funds. A tiny shift was also seen into hybrid funds. The changes from the last month are for a total OEFs & ETFs AUM of about $32 trillion, so +/-
1% change is about +/- $320 billion. Also note that these changes are from both fund inflows/outflows & price changes.
OEFs: Stocks 52.54%, Hybrids 7.
16%, Bonds 2
1.25%, M-Mkt
19.05%
ETFs: Stocks 8
1.66%, Hybrids 0.55%, Bonds
17.79%, M-Mkt N/A
OEFs & ETFs: Stocks 58.8
1%, Hybrids 5.74%, Bonds 20.50%, M-Mkt
14.95%
https://ybbpersonalfinance.proboards.com/thread/245/fund-allocations-cumulative-monthly?page=1&scrollTo=645
Nuveen Emerging Markets Equity Fund is to be liquidated It is interesting to see how firms handle consolidation.
After the TIAA bought old Nuveen in 2014, the TIAA has branded its entire fund management arm as Nuveen (new name only and it has nothing to with the old Nuveen), but has also kept the old Nuveen as separate operation in Chicago (except for some cross-selling/listing). The old Nuveen is big in CEFs (while TIAA had/has none) but has a struggling mutual fund/OEF operation.
So, TIAA decided to just kill the old Nuveen EM fund NEKAX / NEKIX rather than folding it into a comparable and much larger TIAA_CREF EM fund TEMRX / TEMLX. This may be telling about the other old Nuveen mutual funds/OEFs. My guess is that It may be easier to prune/trim staff this way - easier to tell people, sorry to let you go, but we have closed your operation.
It seems to me that TIAA has been more receptive of old Nuveen CEFs and ETFs. Old Nuveen's Chief Strategist Bob Doll also retired in 2021.
