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.
bought 2 year CD at Fido yesterday 4.7 % from Goldman Sachs. I am staying away from Ally bank, Discover and unknown banks
I had a couple of CDs go bust in the 1980s. Eventually got my money back but it takes a while
extending maturities out to 5…
I have not upgraded to "Investor" because the only portfolio manger they that I have shows there are transactional ones, and I use a watch portfolio to consolidate all m positions. They only show one of my watch lists, and this one I created in Jan…
The other issue which he addresses is the price inefficiencies required to build a ladder for less than $500,000
I can't imagine someone with only $100,000 in total retirement savings ( unfortunately there are a lot of Americans in this boat) wou…
@Yogibearbull
I hope you and your wife get well soon and avoid long Covid. The latter is a real issue although only the "liberal" news media wants to acknowledge it.
It is all so politicized. GOP out today trumpeting that their refusal to lock dow…
I have 80 year old friends who are 90% equities and are very worried. They are having to seriously reduce expenses of new purchases. Not cutting into food or gas yet, and their house is paid for but he wanted a new boat at $50,000 and he thinks he…
Much of the stuff I read indicates that current "hope" is for Fed to slow the rate hikes and then "stop" next year. I assume this is why with YOY CPI running 6 to 8% the breakeven tips/5 year treasury rate is only 2.4%. This scenario says buy LT …
@AndyJ
Nygen's colossal error with WaMu made me believe the entire "shop" was and is suspect.
this ranks with the Sequoia disaster, and I can never understand/forgive the board of directors for allowing this to happen.
While there are many ar…
Maybe he will move to Malta or New Zealand like Thiel and we can be rid of him.
Twitter is great for breaking news, but I will quit the day Musk succeeds in buying it
I think interest rates will be lower in 2 to 3 years, so I would buy either 3 to 5 year treasuries or solid corporates that are non-callable
Does anyone else have different ideas about how far out to go on the yield curve?
Any body tempted by "ma…
@BenWP
Schwab ( and probably TD) "banks" are weird. They may be banks but I have had lots of trouble moving money between Schwab and other brokerages using their banks. moving money to and from a bank doesn't seem to be a problem.
B+M banks seem …
I was very leery of VWINX and other "allocation" funds. Everyone knew the stock market was close to peak PE, but when interest rates were so low last year, the protection bonds offered in the past disappeared, especially as VWINX duration is still …
There are several other alternatives that have been trading for a while with higher volumes
https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-vehicle-etfs/
BATT focuses on batteries for EV…
I echo all of the above statements. Michael Price ran the first mutual fund I bought (Mutual Shares) in 1989. I hung on to it and Mutual Discovery until David Winter left. The capital gains were a problem, but not unlike other long term positions…
Chart from ETF.com shows even short term treasury ETFs have lost money, as their short term bills have declined in price as interest rates go up.
https://www.etf.com/sections/features-and-news/best-bang-your-buck-isnt-short-t-bills
Floating treas…
I am surprised the market is not down more, but I think that has to do with earnings only just now starting to drop. A lot of this may be due to the strong job market ( with millions of people still not wanting to work because of covid, disability …
@LewisBraham
Unfortunately this is not the ugliest and most dangerous "completely false" tale being pushed out there, but it reinforces the others. ie the "Deep State" has control of the Government and is consciously trying to destroy traditional…
STOR was in the news a while back about all sorts of management issues when they fired the ex-CEO and co-founder from his position as executive chairman without giving a reason. That is probably why Buffet bailed, as did I.
Anybody tried the M* Investor portfolio manger recently?
They apparently ignore all but one of your current watch lists when asking if you want to transition from "legacy". The watch list they offer me I deleted sic months ago, but there it is. No…
I tried Fridson for a year or two recently. It is relatively cheap ( $200 ? a year) but the suggested portfolios are only changed once a year, and even the "lowest risk" one lost up to 20% with recent interest rate hikes.
The newsletter "follows" …
just looked at new issue auctions for Treasuries at Fidelity. the official schedule shows many bills 4 week, 8 week, 26 week etc for Tuesday, but the FIDO trading platform only shows 5 Bills earliest maturing Dec 2022.
Can you access the full auc…
I didn't have any trouble switching my wife's IRA from mutual funds to the VBS a year or so ago. I also just moved one account out to Schwab, all online, without any issue.
After moving the account, however, I can no longer log in to get tax docum…
I am reminded of my sister's son in law in Texas who objects paying taxes for AMYTHING!
What about road maintenance? "I have a 4 wheel drive Tundra and can go off road"
what about education? " My kids go to private schools. Why should I pay for …
Every fund/ETF company is jumping on the "Climate Change " bandwagon, but I think there is a good case to make for active management here, as the technology is rapidly changing and sophisticated engineers and mangers can add a lot of value by knowin…
I have a small $ amount in the Rockefeller Climate Solutions Fund, which they set up from their LLP that has been running for several years. The Rockefeller foundation and family office have dumped XOM etc and are trying to make up for John D's cre…
I just got a new truck with Sirius XM for three months. Then they send me an offer for an additional two months free if I sign up for a subscription
Subscription costs $75 for three months! I like classic rock and roll 60's, classical music and o…
Bloomberg has two columnists with close to opposing views. I am pretty sure you need to subscribe to read these but
https://www.bloomberg.com/opinion/articles/2022-07-14/how-many-months-until-the-fed-brings-inflation-nearing-double-digits-to-a-pea…
@davidmorman
thanks for link to Yahoo re PFIX. I am not well versed enough in options and swaps to know why PFIX volatility is higher than the interest rate volatility, although I suspect it has to do with the time frame Bassman is aiming at ( ie …
I am fairly certain if you pay 100% of your 2021 total on time, there will be no penalty regardless of your 2022 income.
If you take RMDs, you can pay all of your estimates taxes at the end of the year and have it count for entire year without pen…
I have mentioned this before, but it is worth looking at PFIX for inflation protection. Harvey Bassman at "Convexity Maven" has designed this ETF with swaps on treasury futures to tract inflation. He has a great web site with lots of data and tabl…
Sorry I meant BDC. Most BDCs ( ie MAIN) are down 10% or more anticipating bankruptcy of some of their companies with a big recession.
Not sure again how much Marks is really involved.
Marks primary role in the past was managing OAK or Oaktree Capital Management LLC.
He sold it to Brookfield Asset Management which is publicly traded BAM but has Billions of dollars in other assets, mostly real estate and infrastructure.
OCSL lis…
While I a not sure I believe them, Schwab chat claims with fed reserve raising rates, next months payout will be close to 1.19%. The "waivers' apply to individual investors also he says. The $1.61 was on6/15 same day fed hiked rates
