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.
Support MFO
Donate through PayPal
BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
@BaluBAlu, buying T-Bills now at brokerages or Treasury Direct is better than m-mkt funds. https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202204
Tha…
With a lot of discussion about folks building up cash %age, note that fund flows into equities have not slowed this year, while flows into bond funds are negative (redemptions, no surprise there!) and to my amazement, flows into money market funds a…
@hank, as mentioned in my first post, I was enquiring about investment grade that is what I will be unloading. Not a big position, which I bought in 2013-14 and today when rates fell throughout the curve, Muni is the only sector that lost ground - …
I got my answer based on today’s market action. I put in an order to sell 50% of the small Muni assets I have. The other 50% will go on Friday if I do not get any contradictory signal from the market tomorrow.
A bit of an off topic -
In the current financial environment, which of investment grade Muni or investment grade Corporate are considered less credit sensitive (i.e., ballast)? (Assume their Duration and thus their interest rate risk is the same.)
Excellent info at your thread @yogibearbull.
If one's anticipation of terminal inflation rate during one's anticipated holding period of a new iBond is materially lower than 7.12%, I think it may be better to buy them this month. The Fed members …
For many months now, when one types a non-Vanguard OEF ticker in the Vanguard brokerage search box, right below the search box a "No results found" is displayed. Do not give up, just hit Enter and the info about the sought OEF will be displayed.
@stayCalm, thanks for your reply. You mentioned those two alt / multi-asset funds constitute 15% of your equity allocation - what %age of you PV is equity?
@JD_co, Does Etrade offer GQHPX / GQHIX? Also, does Etrade charge transaction fee of $20 f…
@stayCalm, thanks for sharing. I was curious why you have both BLNDX and MAFIX? I noticed that MAFIX has five sub-advisers and as such is fairly diversified in of itself. May be it is the layout of BLNDX website but its info disclosure does not a…
One has to read the prospectus to see if BWBFX is double dipping. After reviewing the prospectus, if it is determined that it is double dipping, I would consider that a put off. I have not checked. Fund of funds issued by some of the well known m…
Yes, you got the correct. Remember that Giroux uses this fund for his bond allocation (the largest position). PRWCX is doing well without holding other investment grade bonds.
Which fund does Giroux use for his bond allocation?
@BaluBalu
Fido hiring, a growth sign, eh? The times I've called over many years, if the CSR couldn't readily help; the proper person was sought. No problem with that. 'Course, the caller must have a properly framed question in the first place, to ex…
With Fido customer service, they have hired thousands of new Reps, many of them are green. One has to sense within the first 15 seconds if the Rep answering the phone is competent and drop the call and dial back in the hope one would get a seasoned…
For OEFs & ETFs combined, changes vs 12/31 are not big. I think equity markets were down quite a bit but investors seem to be reallocating / rebalancing contemporaneously. Buy the dip is alive and well?!
If US Treasury Notes offer the same YTM as CDs, is one preferable over the other, except for the state tax exemption of the Treasury Notes? E.g., Liquidity, bid-ask spreads, transaction fees, etc. to buy and sell for orders of $0.5+M.
I have not kept up with changes at Fido in 2022 but RCTIX did not used to participate and was not available in their auto reinvest program. So, when I sold, I did not retain any shares.
I am surprised 2+yrs after COVID arrived PRC has not changed its approach to Covid. Hopefully, the PRC lovers in Taiwan wake and smell the coffee. Vietnam has one of the highest vaccine rates and they just went for the best available vaccines. So…
The $0.5B loss is not as concerning as exceeding the regulatory limits on structured products by 300%. I hope it gets investigated and heads roll appropriately. We occasionally mention that ETNs are not the same as ETFs. There you go.
I should have disclosed that my MUNI fund balance (all bought in 2013) is only 1% of my current PV and anything not in equities is in cash. I am not planning to buy any bond funds with that cash, which likely will just go to money market funds when…
This thread made me open my brokerage account to check how the MUNI funds I bought during the original taper tantrum (2013) are holding up. I am surprised to find that the NAV is +/- 2%. I expected the NAVs to be higher. The QQQ price I bought at…
@yogibearbull, What is Harbor trying to accomplish? Just selling AUM? Admin shares could have been converted without going through an asset transfer Reorganization.
If the acquiring fund does not retain the NAV price of the acquired fund on the …
Larry Summers’ past actions / speeches tell you that he is not a highly objective person. E.g., he called Raghuram Rajan a Luddite. It is difficult to take seriously folks who compromise their own credibility for political expediency. Separately,…
It is human nature for people to read and quote material that makes them feel good about their own ideas (I.e., about themselves). So, difficult to give information to people that are not seeking it. I was not going to mention it but this past wee…
Fund families are always slicing and dicing the market in a rush to bring new products to the market. There are plenty of floating rate corporate bond funds. I guess state and local Govts have not issued sufficient VRDN/VRDO bonds for any fund fam…
What Vanguard did here could be legal but inexcusable. It just reeks of incompetence and I think incompetence is not illegal on this planet but lack of duty to care is. Capital gains recognized by departing shareholders can be used by the fund to …
Thanks, Yogi. It would be nice to just get MUNI credit exposure without the interest rate exposure. I am assuming there are not any inverse floater Muni funds. I could do 50:50 - inverse floater: regular MUNI funds.
PVI (Invesco VRDO Tax-Free …
