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dtconroe

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dtconroe
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  • FD: "RPHIX is a unique bond fund. I don't think you can find another one for 2022, with that kind of low SD + performance. The fund is closed to new investors at Fidelity and Schwab." Yep, for years, this bond oef was the best alternative, to CDs a…
  • All of my brokered CDs have the "Survivor' Option" (commonly called a Death Put) as defined below by Investopedia. When I set up my brokerage account, I included the Transfer on Death component for my heirs. What Is Death Put? A death put is an op…
  • msf: "(I don't view MMF returns as guaranteed since they are not locked in. Though it is hard to imagine a scenario where their yields decline in the short term.)" msf, I probably did not use the best wording in my commentary. The term "guarantee…
  • RPHIX TTM yield, per M*, is 2.36%, but I don't care about yield, by itself, for a bond oef like RPHIX. For a bond oef, like RPHIX, I only care about total return. For RPHIX, its YTD total return is 2.09%. Its shorter term TR is .90 for 3 months, …
  • Similar to previous comments, I own RPHIX, but have reduced it to a very small position since March of 2020. I can get better returns through Schwab Money Market accounts or short term CDs, but will reconsider RPHIX when I start to see a performanc…
  • sma3: "Maybe the "smart money" assumes that interest rates are going down in 2 to 4 years." Personally, I have chosen to not go longer term in CDs. I will stay with a small ladder of shorter term CDs, and if I see the market conditions improving …
  • Seems pretty clear now that it was a Ukrainian Missile, that was attempting to shoot down a barage of Russian missiles which were launched after Ukrainian speech at the G20 meeting. When Russia is launching missiles at Ukrainian cities, accidents c…
  • Current CD rates at Schwab today are as follows: 3month (4.06%), 6month (4.55%), 9momth (4.6%), 1yr (4.8%), 18mo (4.8%), 2yr (4.85%), 3yr (4.9%), 4yr (4.85%), 5yr (4.0%) Money Market rates at Schwab today are as follows:SWVXX (3.7%), SNAXX (3.85%) …
  • BenWP, Sorry about the spelling/spellchecker issue-- made an edit and correction to my post. Unfortunately, I am not witty enough to have done that purposely.
  • For me, a question that will become very relevant in 2023, is a prediction of where CD rates will settle at. If we do not experience a major, or prolonged recession, I am guessing they will settle somewhat higher, than where they are at the end of…
  • Lots of guesswork on this thread, based on when market conditions will become supportive of bond oefs or equities in 2023. My guess is that this market will flounder around for most, if not all, of 2023, with the Feds waiting for some sign that inf…
  • Money Market Funds at Schwab pay close to 3%--both IRA and Taxable accounts
  • JD: "What is surprising to me is how much higher the CD interest rates offered at third-party brokerages are vs. those advertised directly from the issuers." From TD Ameritrade, March 22, 2022, "Bank CDs vs Brokered CDs:Whats the Big Difference": …
  • JD: "I would love monthly interest pay schedule CDs, but so far I am finding that only the "lesser-known" banks seem to offer those, for the most part. It limits the search greatly." I just took a quick look at Schwab, and most banks are not well k…
  • Old Joe: "With an FDIC CD, just find one with a rate and duration that works for you, buy it, then forget it." I understand the simplicity of this recommendation, but for me personally, I have a few other criteria in my CD selection process. For n…
  • "decent haircuts" is an interesting terminology to describe fluctuations in reported investment value of brokerage CDs. I have quite a few at the moment, and some of them are showing values 2.4% lower than the CD investment I made. Some are showi…
  • Sven: "@crash, brokered CDs have many advantages over those offered at local banks. You get much better yields, many choices on different banks and duration. Or you can create your own ladder. But this May depends on your brokerages. Even Vanguard i…
  • I use Schwab Brokerage exclusively and they offer a wide array of CDs, at very good rates. You do need to be careful about the "Call" feature, as it is easy to overlook that possibility of getting a callable CD. I bought a Schwab CD in May of this…
  • I am loving the higher CD rates--just bought a 6 month CD at 4% and a 9 month CD at 4.25%. I have several other CDs maturing at the end of this calendar year and in the early part of 2023. Owning CDs have allowed me to have a positive Total Retur…
  • There does seem to be a bump in CD interest rates this week, apparently in response to the .75% Fed interest rate hike last week. There appears to be more movement in the shorter term CD rates (1 month, 3 month, 6 month, 9 month, 1 year), but a slig…
  • Mike, In your experience buying CDs at Schwab, have you been "docked" in any way for the "float" that Yogi is referencing? @dtconroe, no, I don't believe I've ever been "docked" anything for purchasing CD's through Schwab. I understand the talk abo…
  • @dt. Obviously my loss of interest for a week might not be much. But the interest picked up by Schwab from the collective weeks of hundreds if not thousands of investors might be something. It does not stop me from buying lots of CD’s and I am gl…
  • We seem to be talking at cross-purposes to a degree. For example: Just today I bought a "brokered" CD through Schwab. The market is closed today, but the transaction will occur tomorrow, and my cash account at Schwab will be debited tomorrow. Howeve…
  • I am waiting to hear something specific, from someone who has purchased a brokerage CD at Schwab, about a "docking" of their account, for the "float" interval. I have not seen that in my Schwab brokerage account, but maybe someone else has.
  • Thank you for the update @dtconroe. I also buy from Schwab and what you state has been my understanding over the years. Schwab clearly states that all banks on their new issue list are covered by FDIC. Because all the banks listed are FDIC insured, …
  • Yogi: "Well, Schwab (and Fido) are also docking us (the buyers) for the float when the money is taken from the account several days before the settlement/issue date. That is what @Derf was concerned about his CD purchase. That also concerns me for c…
  • For the individual purchasing a CD through Schwab, why is it important to know how Schwab gets reimbursed for selling FDIC insured CDs for Banks? If the individual purchasing the CD is not charged any fee for the purchase, and the individual gets th…
  • On the Schwab CD quote page, under New Issues, they organize the CDs by term (1 month, 3 month, 6 month, 9 month, 1 year, 18 months, 2 years........), and the listings are only for FDIC insured banks. For each Bank listed, they then give a clear st…
  • CD rates quoted by Fido, Schwab, etc are net of any platform fees that offering banks have to pay. Buyers are not charged any additional fees. Brokers are not required to disclose their internal fee info. Buyers should be aware (and check) the FDIC…
  • On Schwab, they offer a long list of CDs offered by "FDIC" banks, and the rates I quoted above were from this list. The CD list clearly states what the CD interest rate is, when the interest is distributed (monthly, quarterly, semi annually, at mat…
  • Schwab is offering a 2 year CD at 3.10%, a 18 month CD at 2.7%, 12 month at 2.65%, 9 monrh at 2.1%, and 3 month at 1.8%. It takes a minimum of $10,000 for a CD. I am expecting these rates to increase substantially during the last half of 2022. L…
  • Everyone will put their on spin and expectations on this bear market, strong probability of becoming a recession. For me, I am 74, and 9 years into retirement. My focus is to preserve my accumulated assets, and to do my best to make a positive ret…
  • I have no interest in the market right now--just too much going on for my taste, so I am in Schwab Money Markets. I will watch for some momentum breakouts to the upside, but for now, I will watch from the sidelines and plan my summer vacation trave…
  • AndyJ: "Also, munis have ~ flatlined in this historically positive time." Yep, HY Munis are not as compelling in this period as I have seen in the past. I have a chunk of money invested in this category, but the rewards so far have been tepid. I…
  • I suspect we are now beyond the 2020 crash rebound period, and I think we will have to accommodate more rising interest rate impact. I don't have strong predictions about particular funds, but I am expecting bond oefs like IOFIX will come back down…
  • Terminology becomes a confusing issue in these kind of threads. "Short Term Bonds" is a category of M* and permeates search functions at various brokerage houses for competing funds in that category. Short Duration/Limited Duration is often a desc…
  • I consider BL/FR a more conservative subset of corporate HY Bond OEFs. I am also considering adding more corporate HY bond oefs, but my interest is in short duration HY bond oefs--2 of my favorites are CSOIX and HYSZX.
  • It seems this thread is started to be dominated by FR/BL funds. It was not my intent to hijack this thread from the OPs original intent. MSF gave a more detailed analysis of MWFLX, according to M*. The OP is a Fido investor, and I am a Schwab inv…
  • Fred: "Here is what dtconroe said about the fund in January 2020:" "The Bank Loan/Floating rate bond oef, that I would most likely invest in, is MWFRX/MWFLX. It is from a stable of bond oefs, offered by Met West, and it has an established history of…
  • If you want to leap outside the higher investment grade categories of Intermediate Core/Core Plus, I am a proponent of starting to dabble in Floating Rate/Bank Loan funds. This category has been one of the most consistent and strong categories for …