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yogibearbull
PROFILE - Revised, 7/24/23
Professor Emeritus, Engineering.
Long-time poster at various investment/finance discussion sites.
Interests - Investments, Personal Finance, Financial Literacy, Charitable Activities.
At X/Twitter "at"YBB_Finance, at Facebook + new Threads "at"yogibearbull, at ProBoards "at"yogibearbull.
@hank, this T+1 (vs T+2) rule for stocks/ETFs/CEFs was adopted 2 years ago. Brokers were given 2 years to make changes to their systems and 5/28/24 is that final date. So, who wants to deal with a broker who couldn't fix this in the 2 year window?
Trade violations are governed by the Federal reserve and the SEC. Brokers may only tinker those a little bit in terms of giving warnings, imposing restrictions, the number of violations allowed.
Basic principle is that do whatever you want with you…
Comfort Sys/FIX (nice ticker) is a Houston-based HVAC company and is an infrastructure play on construction boom.
KRUZ has oil/gas, infrastructure, tech in Top 10. Ticker CRUZ wasn't available, so it's KRUZ.
NANC has tech and media in Top 10.
BTW,…
@BaluBalu, GEV started trading LAST week as GEV.wi (when-issued), so there is a few days of history prior to 4/2/24.
Schwab still shows cost basis of $0 for GEV, so % shown for GE, GEHC, GEV aren't meaningful. Moreover, % for GE will depend on the …
Despite a good sendoff by GE and generally positive analyst recommendations, GEV lost power today (i.e. sunk). It made the new-lows list today, -17% from high in its rather short trading life.
M* JR has a great piece on Kahneman (& Tversky, his mathematical collaborator who died young at 59 in 1996). After the Nobel in 2002, Kahneman said that it was really joint for him AND Tversky, but unfortunately, Nobel isn't awarded posthumously…
MFO Premium Watchlist has the following for funds:
Alpha
Beta
MaxDD
R, R^2
SD, SDdownside
Sharpe, Sortino, Martin, Reamer, Ferguson
U/D CR
etc
The main issues are that (i) timeframe isn't customizable (although there are several built-in timeframes…
@msf, thanks for noting the PDF edits.
I am going by my actual experience with my margin accounts at both Fido and Schwab where the initial purchases of anything (including the m-mkt funds) don't become marginable for 30 days. Then, at the end of t…
Fidelity Fee Schedule, https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/Brokerage_Commissions_Fee_Schedule.pdf
"Certain ETF sponsors pay an asset-based fee in support of their ETFs on Fidelity’s platform that supports services in…
FYI, separate PV runs for core-plus FBND & foreign VXUS show US stock market benchmark for MPT data.
Same when multiple funds or portfolios are run.
MFO Premium Watchlist (extended results) show fund beta with respect to SP500 AND Best-Fit-Ben…
I have held GE under Culp.
So, earlier, I got some GEHC.
Now will get 1 GWV for 4 GE.
Old GE = New GE + GEHC + GEV
GE that was under Jack Welch has basically died and this is a new GE under Culp - he had retired from Danaher but was called upon …
MPT stats Alpha and Sharpe Ratio (in the PV runs, Metrics tab) also capture the essence of the comparative evaluation of funds with their beta-bogeys (beta% in appropriate benchmark).
Alpha > 0 means that fund outperforms its beta-bogey, alpha =…
@yugo, MFO Premium has several timeframes built-in, but timeframes are otherwise not customizable. This applies to MultiSearch, Portfolios, Watchlists.
So, MaxDD is indeed available for the built-in timeframes.
That last sentence is NOT new and has been in place, "Please note that ETFs that are supported by their provider through an asset-based fee (and exempt from the service fee) will not be marginable for 30-days after purchase."
Brokered CDs
@Crash, brokered CDs are expensive for the banks to raise money. They have to pay brokerage platform fees to be listed (25-50 bps), and then offer competitive rates. But banks can raise deposit money through this channel quickly, witho…
CNET says that 2019 breach became known only in 2021. Lot of the data in the current breach is from 2019/2021, but there are also some fresh data from 2024. That says a lot about transparency by AT&T.
https://www.cnet.com/tech/mobile/data-from-7…
That is what a SPAC is. It's a blank-check company that raised money first, then has 2 years to look for suitable acquisitions, and if not successful, just return that money to shareholders.
Even the rich and famous Bill Ackman failed to find a sui…
@realityspeaks, PV results are linkable (see below) and then you can play around with the inputs. This PV run is from 06/2018 - now with 3 sample funds VWINX, VWELX, VTMFX.
https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=4vhQGHbukx…
@sma3, my M* Watchlists don't show share#, but the (old) M* Portfolio default is 1 share for each holding, & that may be the internal default in the (new) M* Investor too. M* Portfolio can run X-Ray on the Watchlists, but how useful is that? M* …
I see the OP as a caution to pay attention to maturing bank CDs. It has been also noted that brokered CDs don't have a similar problem.
This wasn't about recommending CDs.
Many were rolling T-Bills & T-Notes with comparable rates. But even tha…
Well, when tricked as such, customers can cash out of bank CDs with 3-mo penalty in most cases.
Brokerages that offer auto-roll for brokered CDs (Fido, Schwab, etc), they will look for decent options.
"For a maturing CD, the Auto Roll Service wil…
@MikeW, I doubt that any would link to Fed TSP. There are 2 issues:
1. Fed TSP isn't very user-friendly.
2. TSP funds aren't listed, so don't have tickers.
But you can use the correspondence table in the link below, and use #1 - #5 for analytics. …
Portfolio Tracking & Analytics
1. Old M* Portfolio is still around on year-to-year basis, but may go away eventually. It had a limited free version and also subscription Premium version.
https://www.morningstar.com/portfolio-manager
2. New M* …
@yugo, almost ALL analytics data at M*, Yahoo Finance, MFO Premium are based on monthly return data. Computational needs nay be 4x with weekly data, 30x with daily data.
IMO, weekly data is a good compromise after so many years of monthly data use…
M* now provides Drawdown data for 3, 5, 10 yrs only. How did you get the data for 2009? From M* Chart? Old file data?
Yeap. M* Chart.
Depending on the time window used, M* charts may display daily, weekly or monthly data.
Max Drawdowns at M*, MF…
@BaluBalu, searches at MFO Home & MFO Discussions are different. So, MRFOX at MFO Home produced,
https://www.mutualfundobserver.com/2019/02/marshfield-concentrated-opportunity-mrfox/
What do Magazine Covers say about things? Guess what is Barron's Cover tomorrow?
https://www.barrons.com/articles/donald-trump-djt-stock-truth-social-net-worth-election-1005340a?mod=hp_HERO
Edit/Add, 3/30/24. For details, see LINK.
Determination of whether to buy 60-40 or 100-0 should be made before the purchase. No point analyzing the results in hindsight, just as it's pointless to analyze races that have been run, or games that have been played. If we had time machines, we w…
Remember that what used to be a father-son team at this tiny 1-fund BRUFX boutique shop, now has only the son being President, Vice-President, Treasurer, Compliant Officer, analyst, etc. M* is funny when it says, "The fund last saw a manager change …
@yugo, M* now provides Drawdown data for 3, 5, 10 yrs only. How did you get the data for 2009? From M* Chart? Old file data?
MFO Premium provides data for various timeframes.
Of course, PRWCX has been closed for many years, but there are some other …
@yugo, the SEC requires accounting for expenses in the SEC yield calculations - 7-day for m-mkt, 30-day for other funds. Get a strong cup of coffee & look through Form N-1A (-:)
Hardly much is free at M* now. There are subscription screens for everything.
M* Investor https://investor.morningstar.com/mm/
M* Newsletters https://newsletters.morningstar.com/
@MikeM, Treasury-obligation m-mkt funds would be safe, but you won't get state/local tax exemptions that some buy Treasury-only m-mkt funds for. My caution was that there is more to these funds than "Treasury" in their names.
Several firms, including Fido, publish the required 7-day SEC yield and an optional daily-compounded yield. So, for FIGXX, there are 5.21% and 5.34%, respectively.
https://fundresearch.fidelity.com/mutual-funds/view-all/316175108
New money market r…
This was a SPAC merger. Former DWAC acquired Trump Media and post-merger, changed the name to Trump Media and ticker to DJT (holdover from now defunct Trump Casinos). No new money was raised. Trump himself owns 58% of the merged entity but has 6-mo …
