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Newsmax/NMAX was a mini-IPO (Reg A+, Tier 2).
It seems that the underwriters mispriced it (on hindsight) and may have left a lot of money at the table (or not*).
There are 89+ million shares and only 7.5 million were offered at $10 IPO price (on…
Key is the new CEO Salim Ramji.
He came from BlackRock/BLK. Vanguard may want to be a low-cost disruptor in private-equity. Larry Fink/BLK wants to bring private-equity to the masses. Looks to be a dream combo.
Not a sure thing. Remember that at o…
This is something that started recently at Yahoo Finance on PC (free). The full list is not displayed initially, but if I continue to scroll, more rows are added in groups. I don't see what's the point of this, but it could be that Yahoo Finance may…
Look, who is getting into private-equity? Vanguard
(LinkedIn links are open - just close the Login/Signup screen)
https://www.linkedin.com/posts/ericbalchunas_interesting-vanguard-held-discussions-with-activity-7311027525424431104-qiHw?utm_source=s…
Transformer production isn't environment-friendly although there are newer green/eco-friendly transformers. So, the transformer production has shifted to countries with less stringent environment protection laws - it wasn't just the typical lower-co…
There are 9 bigger ultra-ST ETFs than ICSH in ETFdb list, 3 from iShares itself. So, iShares may be tinkering to "fix it" or to create some differentiation. BlackRock wants to go for assets. Putting "Duration" in the name may make it look sophistica…
Out of curiosity, I checked the MFO site to see what is the quit or account deletion mechanism?
There is none.
I saw Sign Out & Profile Edit - don't think a blank username would work.
I suppose a poster can send MFO PM/DM/Email to the site ma…
a2Z, you may know the background - the old load-fund family Wellington fired its CEO BOGLE in 1970s who then started Vanguard, convinced Wellington to offer its funds as no-load funds under Vanguard, and Wellington Management would serve as advisor/…
@sven, it's a contrarian indicator. So, very negative sentiment would mean not sell, may be buy. But is this correction over already? I will wait for better opportunities.
@hank, the Survey asks for the outlook for next 6 mo.
I also include the da…
James Anderson (Ballie Gifford) retired from VWIGX / VWILX in 2022. Fund has a concentrated growth strategy that is hard to replicate, so the new team has to prove itself. Now it lags indexed VTIAX / VXUS for 1, 2, 3 years with higher volatility.
V…
How does putting idle cash into Vanguard's heavily promoted new Cash Plus solve this problem when one can just put it in higher paying money-market or 3-month T-Bills?
NOTES from above & Powell's presser
Rates: Fed funds held at 4.25-4.50%, bank reserves rate at 4.40%, discount rate at 4.50%. Treasury QT slowed to -$5 billion/mo (from -$25 billion/mo), MBS QT continued at -$35 billion/mo, probably until the M…
M* data doesn't show ROC for PONAX / PIMIX.
PONAX / PIMIX does set a monthly distribution level at the beginning of the year and it does so conservatively so that there may be an extra yearend distribution (still from income).
ROCs are more common…
After some false starts, my WEP & GPO repeal related payments have been approved & should start soon.
Short story is that I wasn't getting any Social Security. So, I had to apply for spousal benefits to claim WEP/GPO adjustments. SSA websit…
Pimco is well-known for using derivatives and has a lot of experience with them. I worry more about firms who have just started using them because they see others do it. Prospectuses have lot of boiler plate language on derivatives - similar to pres…
Yahoo Finance has an open link with good background information on naming of Michelle Bowman as the Fed's new Vice Chair for Bank Supervision. As Michael Barr stays on as Fed Governor, no Fed vacancy is created by this (he resigned from the VC posit…
Bond market is multiple times bigger than the stock market.
The biggest stock fund is $1+ trillion.
The biggest bond fund is only low triple-digit billions.
PIMIX is still a baby among giant funds. Its AUM (MFOP data) bottomed at $111.1 billion o…
@rforno, all Medicare signups and premium determinations (IRMAA included) are through SSA. Once signed up with Medicare, then you deal with them (or Medicare Advantage insurer) for claims, etc.
So, under the current system, ALL people around 65 or …
Good luck calling the SSA. I had to call them again last week because My Social Security a/c got locked. There was a 2-hr wait, so I chose the callback option, and it came after 3 hrs, 20 min. I was told it was because of customer request, and I tol…
There is a line of thinking that the current small-caps (SCs) are different from those of the past.
Many companies are remaining private for much longer - several are unicorns. Money from private-equity and venture-capital is easy. There are few pu…
For SP500, the break below 200-dMA was UGLY today.
Nasdaq Comp, R2000 and DJ Transports were already below 200-dMA.
Only DJIA remains at 200-dMA - it may follow others this week.
% stocks above 50-dMA remain negative (comparing with Friday).
$N…
@Observant1, thanks for pointing out the Houston location.
It seems that Google and Wiki (and I) only know about West Loop in Chicago.
On this "slow" market day, I wonder where else are West Loop in the US? Chicago, Houston, ??? And what's looping? …
"West Loop" has meaning in Chicago. I looked up the fund literature but didn't find any Chicago connection. Anyone knows history of the fund name?
Chicago Downtown is called Loop because the L-tracks (L is for elevated commuter trains; in very old …
@BaluBalu, I don't know. I was under the impression that the SEC issues an authorization letter for trading that is transmitted to the exchange. I think that such a letter may have been issued in the confusion of transition at SEC and it seems to be…
New questions are already being raised after PRIV started trading on 2/27/25. Its name is being changed effective 3/21/25; basically, as further correspondence between SSGA and SEC explains, "Apollo" is being dropped from the name because while Apol…
@BaluBalu, presentation is certainly confusing.
Fair Value and Current Price displayed are real-time or daily prices.
Star-ratings are updated monthly (analyst-generated), but may be updated more frequently for computer-generated Q-ratings. So, …
This was speculated here, https://www.mutualfundobserver.com/discuss/discussion/comment/188477/#Comment_188477
No Cabinet Secretary would let the first-pal dictate how to run his/her Department.
The DOGE kids may have continue to have their mischi…
Be careful with the CEF leverage reported that is debt/Total Assets.
CEF holders experience the effect of much higher leverage that is debt/Net Assets.
https://ybbpersonalfinance.proboards.com/post/471/thread
Europe has been in/near-recession. Stocks are anticipating better times ahead. The best time to buy stocks (anywhere) is during the recession when the worst seems over.
The US is already at a super-perfection high level. Make allocation adjustments…
M* looks at structural differences between SPY (UIT) and VOO. SSGA later introduced SPLG that is similar to VOO and IVV in structure.
https://www.morningstar.com/funds/spy-vs-voo-which-sp-500-etf-should-you-own
CME FedWatch is now showing 3 cuts in 2025. There are based on fed fund futures trading data, not surveys.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
There are data on "domestic" contents for US cars. Recall that EV credits used "domestic" content, so, it isn't a stretch to use them for tax deduction. Of course, the first-pal Musk would benefit the most.
In the published reports so far, "domesti…
Deal involves BlackRock/BLK (Larry Fink; NYC), BLK subsidiary GIP (Global Infrastructure Partners; NYC-based private-equity) that it bought just last year and GIP portfolio company TIL (Terminal Invest Ltd; Switzerland-based). So, it looks like Larr…
