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yogibearbull
On Facebook "at"yogibearbull; on Twitter "at"YBB_Finance .
Well, Barron's had to compromise, now being "online". It now wants to be relevant DURING the week and also have BREAKING news online. The old way was to just wait for the weekend issue.
This went through an earlier iteration (that I hated) when Bar…
@hank, Weekend Barron's articles start trickling in at Barron's Online about midweek. Most of them are available Friday when I start my Summaries. I guess based on categories and authors. The current Editor tends to rotate authors and also has multi…
Top 5 holdings of BRK are AAPL, BAC, AXP, KHC, OXY. So, the stock portfolio should be up YTD based on StockCharts. But BRK is also a huge operational company and that part is cyclical, and as @Devo mentioned, there may be other market actors. This b…
Using M* standard deviation (SD) data,
Gold-bullion GLD SD = 15.12
Silver-bullion SLV SD = 36.39
So, SLV is 2.4x more volatile than GLD.
As silver is used both as industrial and precious metal, it has more cyclicality tied to economy. This is a…
One clarification pending is what happens if the beneficiary is changed?
IMO, this may mess up possible transfers or 15 yr clock.
Otherwise, transfer $35K to beneficiary1, change beneficiary and transfer $35K to beneficiary2, rinse & repeat. …
Why rush to empty 529? Wait until the daughter graduates and has job. Lifetime limit on these 529 to R-IRA transfers is $35K and regular annual limits for IRAs apply.
From Publication IRS 550, https://www.irs.gov/pub/irs-pdf/p550.pdf
Pg 11, "Tax-Exempt Interest
Interest on a bond used to finance government
operations generally is not taxable if the bond is
issued by a state, the District of Columbia, a
U.S. poss…
@hank, I saw the article on my Twitter feed. It's dated 2/2/23 at Barron'e Online. It may or may not be in the next weekend Barron's; it's under the "Mutual Funds" category and my guess is it should be.
I checked the prospectus (download) for 5-yr history of operating expenses. For VMFXX, for FYs (9/1-8/31),
2018 0.11%
2019 0.11%
2020 0.11%
2021 0.09%
2022 0.09%
Now 0.11% (see the screen shot from today)
So, the waiver was 2 bps that doesn…
Rates continue to fall this AM post-FOMC rate hike. https://www.cnbc.com/bonds/
There are also speculations on Twitter that Powell didn't seem to fully recover from his recent Covid infection - although it was noted that the FOMC Statement removed …
It gets curiouser.
So, after the secondary/FPO (follow-on public offering) was suddenly fully subscribed at the last minute at price well over the market price, Adani Group pulled it saying that it won't be fair to its investors and that it didn't …
@sma3, I do see that IRS link, but its date is 12/8/22, prior to Secure 2.0 approval. I think that it would be adjusted (when the IRS has time) to reflect the extension of RMD to 73.
https://www.irs.gov/retirement-plans/plan-participant-employee/ret…
Notes from FOMC Statements & Powell's Presser
Fed funds rate hikes +25 bps to 4.50-4.75%; (bank) reserve balance rate 4.65%; discount rate 4.75%; gradual rate hikes with at least "a couple more" hikes. Wait to see the FOMC Minutes for discussio…
Fido Tax tab shows info only for muni funds now.
Info on % US Gov Obligations is pending - says early-Feb. This is the portion exempt from state/local taxes.
See SP500 chart here (shown is 1-yr default; switch to 2-yr for the point here), https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p15747642221
There was indeed a peak in 11/2021 that was high at t…
Different stuff peaked at different times. Crazy highflyers and EMs peaked in 02/2021, small-caps and DJ Transports in 11/2022, SP500 in 01/2022, DJIA and Nasdaq Comp also in 01/2022 but it was their 2nd peak after 11/2021 (so, sort of a double-peak…
TIAA Traditional Rates, February 1, 2023
Restricted RC 6.25%, RA 6.00%
Flexible RCP 5.50%, SRA 5.25%, Newer IRAs 3.45%
https://ybbpersonalfinance.proboards.com/thread/142/tiaa-traditional-rates-monthly?page=2&scrollTo=916
TSP G Fund hasn't upda…
Fido Brokerage has a core/settlement a/c that can be:
Taxable a/c: SPAXX (Gov M-mkt), FZFXX (Treasury M-mkt), FCASH (brokerage cash)
Tax-Deferred: SPAXX, FDIC banks
SPAXX is default that can be changed.
Fido is also unique in that for purchases,…
At Fido, I have both m-mkt fund (SPAXX core/settlement) and T-Bills. Yesterday's T-Bills Auction was 13-wk 4.714%, 26-wk 4.860%; These are auctioned weekly.
For those interested, I have collected some info related to SECURE 2.0 here (repeated).
https://ybbpersonalfinance.proboards.com/thread/380/secure-act-2-2022
All brokers are a bit confusing/disingenuous about funds "Available".
Only Fido Balance screen breaks it down an "Available without margin" and "Available with margin".
Rest leave it up to people to keep track of Settlement dates. Simple "Availa…
CNN has some background & an update. Notable is that $2.5 billion local offering (record for India) went through as planned. Some thought that size and/or price would be reduced. Seems strange for an above-market (now) offering to be fully subsc…
These days threads and info get dated quickly.
SP500 faces a strong test at 4,100. But some sentiment indicators (Deemer-BAM, Whaley, etc) and a trifecta of seasonality indicators (with near certainty, today) have triggered that may carry SP500 ove…
Fund Allocations (Cumulative), 12/31/22
There was notable decrease in the allocations to stock funds, & those for bond & m-mkt funds rose; hybrid allocations held. Y-o-Y, combined AUM fell -16.16%. The changes for OEFs + ETFs were based on …
K-1s normally come in late-March or early-April, so any early filing is out.
They need more forms. Brokerage 1099 reports are not reliable but one has to use some info from 1099 and other from K-1.
I dealt with K-1 for years, so it's a doable mess…
Vanguard is using an incremental approach.
After having funds in core, core-plus, HY, EM bond categories, a multisector bond fund is the next step, as noted by @Observant1. I will just watch it for now as I do have Vanguard accounts.
@msf, I see …
An interesting story that is unfolding.
Questions raised in the US & Indian media include why the sudden Hindenburg interest in an obscure business empire far away. Adani companies aren't even listed in the US.
Notably, the Hindenburg report c…
FWIW, I have Capital One a/c. But what I don't like is that it keeps coming up with new a/c with higher yields ("360 Performance Saving" is the latest) and leaves legacy savings at low levels (they exist but not even shown on the website). The next …
With little more effort, one can also buy T-Bills to beat the m-mkt funds.
I also read a story that banks are losing deposits because bank accounts (savings, online savings, m-mkt accounts) haven't kept up with rising rates. But banks don't care as…
Although CPREX has a ticker, it is an unlisted CEF that invests in real estate. That is why the quote services don't have much info.
One can buy it anytime through some brokers/advisors but redemptions are limited to 5% of AUM quarterly.
https://w…
Sonal Desai from Franklin Templeton focused on income and bond funds. LINK1 LINK2
"5-yr TIPS; FRIAX (hybrid); CPREX (private real estate); EADOX, FHYVX, IGSB, SIDCX (Part 3); gradually increasing duration."
University auxiliary services (bookstores, dorms, dining halls, gyms, sports, stadiums, etc) have their own operating budgets and are not part of the academic budgets (tuition, faculty/staff salaries).
Public university tuitions have gone up becaus…
