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I suspect i's merely for optics. Having a bunch of funds priced < $5 probably makes them feel embarrassed. Heck, I don't remember seeing a 'reverse split' for an OEF before, come to think of it...
I don't believe in automatic rebalancing. To me, that's an idea brokers thought up to churn accounts and earn order flow payments or commissions from.
If anything, I may reallocate some holdings across different SECTORS as appropriate based on mar…
IIRC, back when I held it, Josh Spencer ran the fund fairly aggressively, too ... but he managed it quite well. I always liked PRGTX but think it got a bit reckless and IMO became addicted to Hopium(tm) in recent years (like Cathie Wood), so perhap…
I'm thinking that "Level 3 assets" is nice-speak for "mostly garbage".
Yup. Banker- and Regulator-speak, with words appropriate for "all audiences." :)
See this for a more appropriate description:
..... Just checking up on JRSH. Not for the first time, I notice extreme bullshit activity in that stock with the effing "shorts." Overnight, the price is driven up, then it will crash during market-hours. Just like my ill-fated foray into Chilean u…
It did not really take much doing. I just filed a complaint with the SEC with the details like Ticker symbol, share amounts, price change etc. IT took about ten minutes.
I had a similar thing happen several years ago but for only 20 or 30 busks dif…
Congrats!! I'm glad that the SEC came through for you in your situation!!
Something similar happened to me when I first began trading futures. The broker's active platform had gotten really laggy and wouldn't always update immediately when I bough…
Bought 1000s DUK/pA to put some excess cash to work. Getting a qualified 6.05% dividend yield for at least a year or until whenever it gets called.
Hoping to get CHSCL at par should it get there again. It's creeping closer...
Rick's Corollary: "Most investors first, if not only, focus on the potential profits -- but those who survive first consider the potential risk."
*cough* crypto, MBS, CDOs, etc, etc, etc. *cough*
@rforno I'm curious about the size of your PRWCX holding, if you don't mind sharing? I'm already up to 36% of total.
Merry Christmas/Happy Holidays to all!!
The only account I have that is all in 1 fund is my 403(b) which is 100% in RWMGX.
@Sven- What a great question. I hadn't really considered that until you mentioned it. Now that we have vehicles with a "mind" of their own, exactly who is responsible when a vehicle actually causes an accident?
The article below mentions that this …
Howdy folks,
I owned Tesla for quite a while until he bought Twitter. Then I sold it. I wanted to own it early on because of SpaceX. No long. Musk seems to be idiot/savant personified. Not only is he doing a lot to destroy Twitter, he's doing …
Frankly, I can't stand how passive has come to imply indexing in most people's minds and the media.
In my mind, I'm a mostly passive investor - I do my research, periodically buy/sell things as desired and at a good price/ER and otherwise hold my p…
He must think he owns his 'likeness' in any and all ways around the world. Turns out his NFTs used copyrighted images of himself, and I suspect a few lawsuits might be launched in response by those who actually own the images. You can't make this …
The only relationship I have with WF is thru Wells Fargo Advisors who acquired AG Edwards brokerage and a full-service account I had with them ... for a few family reasons I'm waiting to do anything, but at some point, and certainly when my full-se…
I honestly think selling an index fund with a 1% or 2% TSLA position doesn't make much sense unless you're doing it for ethical reasons. VTSMX, for instance, has a 1.3% position. It won't influence performance much at that level. There is a case to …
- Sell the stock
- Set a stop-loss
- Use options to protect the position (ie, collar, especially if done at zero-cost or a credit)
- Sell any fund with TSLA in its top-10 holdings, to include index funds
@PressmUP I'm a similar style investor - I'd say I'm 85% in quality dividend equities and equity funds (mostly individual stocks, though) held for the long haul. What little FI I hold is either stuff from 40-ish years ago I was given as a child or i…
@rforno I'm curious about the size of your PRWCX holding, if you don't mind sharing? I'm already up to 36% of total.
It's ~15% of one of my accounts, and the only non-AF fund I presently own.
Thanks, @hank. Maybe I'm shooting myself in the foot, but when it comes to single stocks, i look for ones that don't get much press, publicity. With low P/E numbers. And @catch22 lately introduced me to RSI. I'm learning about what Morningstar label…
As usual, I will be adding another large slug of PRWCX on Mon (or Tues) once the annual distribution is made.
Still stalking new or add-on positions in dividend-paying companies. Almost had a few orders fire on Friday, but not quite. :/
The money from these amateur photoshopped 'collectibiles' goes to Tweety Amin personally. So for all we know, one of his PACs or other dark money groups simply bought them all up that day, which meant he was (legally) able to move ~$4.5M from a re…
The g/f and I saw Brit Floyd live a few years ago here in DC. It was a fantastic show that hit all the right feels and was really close to what PF sounded like when I saw them in the early '90s.
"There's risk in anything, anywhere. You either decide what level of risk is reasonably acceptable (and where) or you unplug from the world and go hide in a cave."
@rforno- Yes sir, that nicely summarizes my perspective also. However, since a heavy…
There's risk in anything, anywhere. You either decide what level of risk is reasonably acceptable (and where) or you unplug from the world and go hide in a cave. :)
I would trust Schwab or PersCap for account aggregation far more than some fintech…
I have no faith whatsoever in either China or Tesla (Musk) as investible options at this time or possibly ever. Both are on my ESG shitlist.
That's a key reason why i avoid index funds like the plague. I have no faith in TSLA, but because it (or an…
FTX makes MF Global look like a minor business hiccup....
This was a money quote from yesterday's House hearing, c/o YahooNews:
[FTX CEP] Ray explained that FTX was "unusual" in that it had "no record keeping whatsoever." He said that employees w…
At the risk of gloating, I'll admit the market lessons learned and observations made as a futures trader during the Great Financial Crisis in 2006-08 served me *very* well and thankfully kept me safe during my brief but profitable forray into crypto…
Still very very equity heavy, mostly in quality dividend stocks (commons, MLPs, and a few preferreds). Have sizable cash I want to put to work by the end of the year, either into equities or T-bills until I decide what to do.
Also staying very lon…
I moved 99% of my account out in October '20 after the deal closed, b/c I wanted my TDA FA to 'get credit' for my account as he'd been really good to me over the years. I also didn't want to deal with the drama/chaos of brokerage intergrations -- I…
Any word on when ThinkDesktop will be moved over?? Stunning this integration has taken over 2.5 years and it seems like they're not even halfway done yet. (And Schwab's 'active trader' is horrid compared to ThinkDesktop.)
Glad I switched over mysel…
Bought 1000s FLNG with a JAN 2024 30/40 collar spread put on at a nice credit, which is how I like to do them. Reason? Adding to income-generating positions, but also protecting some positions that might be more volatile than expected going forward…
Sounds ok to me.
My only beef w/banks' preferreds (and why I don't use them) is that they're nearly always non-cumulative. Meaning, if they're forced to suspend divs for some reason, your preferreds essentially then become interest-free cash for t…
I agree - Rida tends to cheerlead them quite a bit, even when they're directly impacted by interest rates. The user comments, like usual, are helpful though.
But fwiw saying I'm planning a few preferred buys this month to use as income ballast. I…
