Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
A shares of lots of funds come load-waived at brokerages. Fidelity has a big stable of them; seems like the LW ones there are mostly from larger fund companies. Don't know about Schwab, but might be worth checking.
The madness was on full display at Gonzaga-UCLA. What a game. What a last play call by Few. And Tyger came very close to making that last second half-court shot.
@Tarwheel, if M* is correct, that fund doles out income mainly once a year, in December, and it was an 8%+ distribution in Dec. 2022 (80c on a NAV of $9.07). The same table (on the Performance/Distribution page) shows how much the NAV fell over 2022.
As far as that TIPS fund, or any TIPS fund goes, the key thing to remember is that TIPS are Treasuries first, an inflation protection asset only second, and that that first principle is on steroids for longer durations.
The fund you reference, per…
Some potentially great games are coming up this Thurs. and Fri.: Alabama-San Diego State, UCLA-Gonzaga, Texas-Xavier, and probably Miami-Houston. And the others aren't bad either.
Not pulling for anybody in particular, just love two good teams play…
That Face the Nation interview was notable for Brennan the host shouting over Warren to keep her from saying anything about regulation. Then of course Brennan was all buddy-buddy with the Repubs on the program. Brennan and CBS sound more like Fox ev…
The bank officers certainly knew. Here's the head and subhead of an NYT article in today's edition. SVB was under Fed scrutiny, apparently just not very effective scrutiny:
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The b…
"let's send another 100B to Ukraine and keep the killing fields operative rather than forcing a peaceful resolution."
aka: Let's force Ukraine to surrender to Russia... Peace in Our Time !!!
Evidently Baseball Fan isn't familiar with the warmup to…
@BenWP, dunno if there's either a distinction or a difference between trend following and momentum investing. M* calls the OEF category "systematic trend," and from the bit of studying them I've done it looks like they each have their own specific …
Most managed futures funds are trend followers; if there are any lasting trends (like earlier in 2022) they can work. If the assets they cover are bouncing around like mad, there's no way they can work.
Oversight and regulation matters. The 2018 change in the regulatory scheme (as detailed on Marketplace Morning Report today) was to move the bank exemption from oversight up from $5 billion or less valuation to $450 billion or less. No stress tests,…
Elizabeth Warren's NYT oped is a reminder that the 2018 Dodd-Frank rollback set the stage for this mess, and that the SVB CEO was one of the exec gang who lobbied for it.
@AndyJ Knowing the yields dropped in very large basis points, Friday and again, so far today; the yield chart link included in this last post will provide quite the 'view' when updated after the market close today (Monday).
Yep, @Catch, there ar…
If the bank execs owned SVB stock, they are reaping the consequences of their actions. Depositors are being made whole; stock and bond holders are out of luck, getting hit hard unless they sold early, in which case clawbacks are in order, as well as…
Thanks, @Crash, I'd fogotten about RY this week. One of the guests made a pitch for shorter duration corporates barbelled with the 10y Treasury. Interesting, but not for moi when 6m and 1y Ts are paying 5%. If 2y or 3y Treasuries cross 5%, I'll be i…
Good catch, Yogi; it's for sure worth keeping an eye out for the launch.
A followup Ptak tweet notes a couple of differences in approach from PIMIX, including no mention of managing for a high and consistent level of income like Pimco Income does.
The one guy - the one who showed up late - brought up an idea I hadn't heard from any of the guests anytime at least lately - floating rate IG. That one goes on the research list. (IIRC, an MFO poster mentioned FR IG sometime back, but the etf he wa…
You are as wrong as wrong can be here. I believe it is called while privilege now and I am suppose to feel guilty.
I grew up like that and don't feel even a trace of guilt, wouldn't expect anyone else to either, and don't think the overall messag…
Lots of MBS in those. Pimco and DoubleLine noted them several weeks back as high yielding investments with a margin of safety, given how oversold they thought those securities were. The port yield and credit quality of Pimco Income looks to be benef…
@Sven: "This week we are buying T bills instead as they yield close to 5%."
Ditto. With earlier bills rolling off over the next few months, the higher yields on bills here will give a nice boost to portfolio yield.
The first one I remember as a teen:”The University of Texas tower shooting” (1966) https://en.wikipedia.org/wiki/University_of_Texas_tower_shooting - They were rare in those days. It garnered much more attention and public outrage than what today’s…
@Bee, you beat me to posting that latest piece from McClellan. Always interesting and thought provoking ... and his posts are available by free email subscription.
I can't help but wonder what "information" it supposedly acquired that was so important that their satellite systems couldn't see. ....
There's just a lot about this whole "spy in the sky" characterization that doesn't add up for me.
+1.
I thought earlier in the season that KC's defense was a weak link, but my hat's off to KC's three rookie defensive backs who played like the wiliest veterans in both the divisional and conference rounds, and the defensive line, especially the pass r…
@Crash, right, that speaker said the indexes are higher quality now than they were (even a year ago, I think he said (?)). Checked HYG on that; it's slightly more than half BB now, and IIRC, it was solidly B the last time I looked many months ago. T…
There's a lot of Bloomberg programming on their YouTube channel, free access, apparently all posted after the broadcast time. Real Yield, which is one I follow, is posted same day, in the afternoon after the noon-ish (IIRC, Eastern time) broadcast. …
