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.
I checked several ultra-ST bond ETFs and they trade after-hours too. If bid-ask is wide, use limit-orders. So, it isn't necessary buy additional ultra-ST bond ETFs for this flexibility.
@Derf, I got that warning from Fido only & ignored it, but never from Schwab or Vanguard. So, I am surprised by the VG warning.
The way I understand the issue is that the Treasury has until midnight on the settlement day to release funds for ma…
FirstHand SVVC is a closed-end business development company (BDC) on pink sheets (OTC). It doesn't show up in the CEFConnect database, but has quotes at M*, Yahoo Finance.
AUM $551K, Price 6c
https://finance.yahoo.com/quote/SVVC/key-statistics/
I…
Warren Buffett has been concerned by the bank accounting of AFS vs HTM holdings - the problem never went away. This picture is from BRK annual meeting last year. At higher rates, this issue becomes a problem again. So, WB has been dumping banks.
Maybe, the next improvement would allow the OP AND others to change the category - sort of community moderation. Some posters go for the max visibility and don't care for an isolated category.
Things posted on MFO Off Topic don't show up on the MFO Discussions feed. So, it's like a sub-forum whose contents are seen only there by clicking on Off Topic, or, here is the direct link,
https://www.mutualfundobserver.com/discuss/categories/off-t…
@WABAC, that looks like stale info for USFR.
Website shows 30-day SEC yield 4.75%, 10/18/24.
https://www.wisdomtree.com/investments/etfs/fixed-income/usfr
Treasury shows FRN Index at 4.567%, 10/18/24. This is the variable rate for FRNs.
USFR has …
2011 was a long time ago.
Post-GFC, gold rallied hard and both gold and gold-miners peaked in 2011. Yep, people who bought then are still looking to get even.
Then both were trashed.
For years, it looked as if 2,000-2,100 was a ceiling for gold,…
Funds don't make this easy, but it's possible to figure out from prospectus whether a fund accrues dividends daily and pays monthly (from an accrual account), or the dividends are flowed-through the NAV.
In the latter case, there will be some langu…
On Monday, Columbus Day, or Indigenous Day, the stock market was open but the bond market was closed. This was unusual and that is why m-mkt fund settlements were affected.
It was a federal holiday - Federal Reserve, Post Office and several banks w…
Several driverless systems using multiple inputs (optical, laser, ultrasound) have been approved, but not yet the Tesla's optical-only system. Musk bet big on optical-only system with huge AI supporting it, but AI cannot fix what the optical system …
The SSA COLA uses CPI-W, not the common CPI (really, CPI-U). The SSA even publishes quarterly averages for CPI-W and Q3 averages are used in COLA calculations.
So,
2014/Q3 234.242
2014/Q3 308.729
10-yr ratio 1.3179916
So, 1,000/mo in 2014 will be…
"my SO and I had the same policy, went to the same PCP on the same day, had the same blood test. One of us was charged a $20 copay, the other was charged $0. One had been coded as a lab procedure ($0 copay), the other as a diagnostic test ($20 copay…
My experience with IL retiree group is that decisions are made at the state level - there is IL-CMS (not to be confused with federal CMS). Public or retirees may complain all they want. So, for us, it was IL-retiree-MA, take it or leave it. We could…
Out of curiosity, I checked my local area in IL. It shows 94 plans in my local area.
50 MAPD & MA plans from Aetna, BCBS, Cigna, Humana, United Healthcare, Wellcare
29 Medigap plans from BCBS, Cigna, Humana, Mutual of Omaha
15 Part D plans fr…
Correcting IRA contribution mistakes are possible by the tax filing deadline. She should call Schwab and follow their instructions. My guess is that her IRA will be zeroed out and the money shifted to brokerage account.
https://www.schwab.com/resour…
Some reported breaches have involved not using encryptions for personal and login info, employees falling for spoofing. This is inexcusable in this day and age.
In fact, many banks and card co now warn that if you fall for spoofing, your losses ma…
Credit Karma/INTU also offers FREE credit monitoring. It uses 2 of big 3 - Equifax & TransUnion. One can check credit as often as needed.
I still signup for FREE credit monitoring offered by the breached companies, but I know that I am not get…
There is a larger entity ENDI, also run by DS, that includes CrossingBridge as an important component. ENDI is still tiny as far as the asset managers go.
Yahoo Finance, ENDI https://finance.yahoo.com/quote/ENDI/
Website https://www.endicorp.com/
E…
It's OLD news.
The insurance industry uses 3rd party services from Infosys/McCamish and it had a breach. But companies have been tight lipped about it and the news is coming out like cockroaches. Those that have admitted so far are T Rowe Price/TR…
GATEX is an OEF with 12/1977 as inception. It has been using options overlays since soon after there were tradable options in 1970s. Its inception well predates the ETFs that have been around only since 1990s. So, GATEX isn't an ETF, but a granddadd…
Credit the success of JEPI & JEPQ to JPM PR. There is much older GATEX that isn't hot.
Also, the public misunderstands these - that the upside is limited, but the downside is full. Moreover, the potential LT-CGs get changed into premium income.
The chemistry Nobel goes partially to AI.
https://apnews.com/article/nobel-chemistry-prize-56f4d9e90591dfe7d9d840a8c8c9d553
These will provide huge boosts to profitless (so far) AI investment themes (many say AI-hype). So, I am changing the OP cat…
I have a family member in securities compliance business.
Licensed financial professionals are restricted from posting a lot on social-media. In fact, whatever they post may become part of the records they must keep for the SEC and FINRA. For any b…
A nonissue.
Only the current rules for single stock eTF tickers are too restrictive.
Reserving tickers shouldn't be free, but should have some nominal cost. Also, copycat tickers shouldn't be allowed - those reserved by others that are similar to…
Some posters here may remember that years ago, Vanguard tried to be disruptive in the market for variable-annuities (VAs) with income-riders (GMWB, GLWB). People thought that was odd for a major low-low-cost indexer to jump into a product with the h…
From Oak Associates website,
https://oakfunds.com/about-oak/our-team/jim-oelschlager
Oak Associates funds - 7 single-class funds,
https://oakfunds.com/our-funds/fund-family-overview
Morningstar on Oak Associates,
https://www.morningstar.com/asset-…
While the government said it won't interfere by ordering workers back under Taft-Hartley, my guess is that it used that power to pressure both sides to come to a temporary resolution.
1. Management was at +$3/hr increase each year for 6 years, but …
I see many ideas as special situations. For example, several coal companies went bankrupt and provided good speculative opportunities when they came out of bankruptcy. This has nothing to with the fact that coal is a dying industry in the Western Wo…
Market-neutral funds shouldn't be seen as bond alternatives. They are designed with 50-50 long-short exposure. A big risk is that the portfolio manager may be wrong on both ends - the longs AND the shorts. If everything works right, the upside may b…
News is about suspension of strike until 1/15/25, the date to which the current contract is being extended with agreement on wages only. The rest of the issues will have to be negotiated by 1/15/2025.
Wage increases will be as follows:
Current base…
