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.
This thread has gone in many directions.
Some points I would like to make.
Banks, TSA (and some others) have secrecy by the law. They aren't supposed to tell you the details. It may seem unfair, but don't blame the Reps.
Just ask Warren Buffett …
For gifting some shares from my Schwab a/c to a relative's Fido account, I prepared a letter stating the gift, share#, cost basis, approximate value, both account names and #; some of this was redundant because the brokers provide the info on transf…
Interesting that the OP has some idea and the a/c is frozen until the internal investigation is complete. It could be a trade violation or something else.
Banks are worse. There are many reports on social-media that banks (including big banks) are …
Interesting. Morningstar Magazine (never heard of it before) is a quarterly with 75-80 pages with many M* articles, analyst reports and features; and lots of ads. Free to professionals, but unclear how much it costs otherwise (I couldn't find unless…
After getting involved with NYCB rescue, Mnuchin is eying TikTok.
https://www.cnn.com/2024/03/14/business/steven-mnuchin-tiktok
https://www.cnbc.com/2024/03/14/former-treasury-secretary-mnuchin-is-putting-together-an-investor-group-to-buy-tiktok.html
So far, people who started as Bogle's personal assistants have eventually landed at the top.
At 55 and only 6 years at the top, did Tim Buckley quit or was pushed out? He may have perfected the race to the bottom ER at the expense of everything el…
Fund industry trade association ICI also has features on this "100th Anniversary Year" for mutual funds/OEFs.
https://www.ici.org/news-release/24-news-mf100
https://twitter.com/ICI/status/1752367498039566341
https://twitter.com/ICI/status/1765746727…
Only difference is that Schwab mailed 1099 reports include the Yearend Report supplement, while Fido make you go online for them - it mails only the legal 1099.
Then, all brokerages are similar - you have to hunt for online document that lists % fr…
CHS Inc is a cooperative with ticker CHSCP - lots of hits at MFO for it.
This article is about a perpetual CHS preferred that became redeemable recently. What a strange thing they cooked up.
There is already a thread for MOVEit breach. This thread is on Infosys/McCamish outage that has been resolved at TIAA.
https://www.mutualfundobserver.com/discuss/discussion/comment/168579/#Comment_168579
Thing to remember is that MPT stats alpha, beta, R^2, r depend on the benchmark used.
But SD is independent of the benchmark. So, it may be used to compare volatility of things that are different, i.e. different asset classes.
A ratio of SD can be…
When Savings bonds mature, taxes are due whether cashed or not. Moreover, you aren't getting any interest credits. That is the worst case. I cashed them on the 1st or 2nd day of the maturity months.
"16. How are savings bonds taxed?
Savings bond in…
Thanks for citing the auto-consent for TD.
But I hate these auto-consents. Almost all websites have them before going into them. I mostly click yes w/o ever reading what I consented to.
Some courts have also ruled that auto-consents cannot take aw…
Most of our very old Savings Bonds have matured. We held then in the paper form and never bothered to convert them into electronic form. So, when we cashed them on maturity at our local bank, we got 1099 from the bank.
For the new I-Bonds that I b…
Well, there are @Devo, DIVO, Davo, Davos.
DIVO is a call-writing funds. It's lags the industry giant JEPI and is more expensive too. In the up markets like this, it may be covering its calls, or its stocks are being called away. But that is the dea…
One thing I have noticed is when selling a stock at Schwab the proceeds are immediately available for trade. Not so at Fidelity, make take 2-3 days for settlement.
I have gotten burned on it at Schwab. What is shown as available on the Schwab Posit…
Looking at the long-term trend for m-mkt fund assets at FRED, during the ZIRP, the m-mkt fund assets were around $2.8 trillion, the pandemic levels around $5 trillion, then the trend picked up in 2023, and the assets now are around $6.36 trillion. U…
@Mark, Bitcoin is a crypto with limited supply of 21 million. Other cryptos don't have supply limits & can be issued at will.
So, the recent new ETFs buying & holding Bitcoin will reduce Bitcoin circulation.
Bitcoin-halving is coming up in…
In my previous post, when I excluded futures from my list, I was thinking of @rforno !
The observation that Coinbase/COIN is an indirect play on crypto "business" is right on. Owning COIN is like owning a casino, owning crypto is like being a gambl…
MFO Home and MFO Discussions have independent searches. I think that is because they are housed in different servers that don't interact with each other or cross reference.
So, you don't like M* chatbot Mo? It has been out for a while.
https://www.prnewswire.com/news-releases/mo-an-ai-chatbot-powered-by-morningstar-intelligence-engine-debuts-in-morningstar-platforms-301822115.html
NYCB raised $1 billion from an equity issue at throwaway prices. These investors will make out like bandits, or will be fools, but only in hindsight.
News https://www.cnbc.com/2024/03/06/new-york-community-bancorp-tumbles-40percent-and-is-halted-as…
I have core & explore.
Core is very boring stuff.
Explore is wilder stuff - stocks, options, futures-based ETFs (but no futures directly), and more recently COIN. Be aware that COIN has businesses of exchange, broker-dealer, custody, all related…
Just look at yesterday - all-time high for Bitcoin & then nearly crashed.
New physical/spot Bitcoin ETFs have attracted billions. Major iShare IBIT, Fido FBTC. Lot of money just shifting from Grayscale GBTC.
Riding this craziness with some Coin…
Now Fido comes clean with the SAME Infosys/INFY - McCamish problem.
In 2 recent breaches, MOVEit data transfer and Infosys - McCamish (IMS), TIAA was out in the front and took lot of flak, but hundreds/thousands of institutions were affected, and I…
I am not impressed by iShares allocation series AOK, AOM, AOR, AOA. These are generic mixes, so there isn't any magic in their mixing sauce.
I haven't looked at active CGBL in detail. Its ER is 33 bps, inception 09/2023. Of the 5 managers, 2 (Berro…
Well, there are m-mkt funds and ultra-ST bond funds - USFR (substitute for T-Bill rolls at 15 bps), ICSH, JPST, etc). Those are paying around 5% with little risk.
If you monitor portfolio volatility (via SD from Portfolio Visualizer, Stock Rover, etc), you will find that rises as portfolio gets more equity heavy in the bull markets.
Rebalancing is a way to bring portfolio SD back to your comfort level. It's…
FMILX was a mutual fund. Just dropping X made it into something bad - lookup "FMIL slang". There are several strange or funny or cute tickers, but this didn't seem to be that. While at it, Fido made wholesale changes to format FFxx.
@Crash, you may have to just do that - cash out BRUFX and use 60-day rollover window to deposit the check in Schwab a/c - use electronic deposit or drop by Schwab office.
Well, Fido recently changed ETF FMIL to FFLC. I don't know if the MFO March 2024 issue can be edited, or some related note added.
https://finance.yahoo.com/news/fidelity-creates-etf-equity-suite-225749704.html
Fido https://digital.fidelity.com/prg…
I use Stock Rover (SR) too, but it also has portfolio features for which one needs Premium subscription. StockCharts is pure TA. PV is good for analytics.
@sfnative, I am not surprised that EM debt did better than EM stocks. Speculative debt acts almost like equity. And some EM debt now has higher quality than the developed-market debt.
Even in the US markets, investors in shaky companies offer debt …
I think TIAA has a department that comes up with the most unintuitive & complicated ways of doing things.
CREF Stock goes back to 07/1952 & was the 1st VA in the US (world?). TIAA kept it as single class with ER that applied to all - tiny t…
@Charles, R1 & R3 classes were/are flipped. R1 is the oldest and the highest ER class, R3 is newer and the lowest ER class. R2 is also newer but it is correct - nothing to flip it with.
Lipper may have just "assumed" that the oldest classes wer…
Repeat Post
I can confirm that portfolios with insurance funds IF-TICKERS are now running normally. My saved MFO Premium portfolios are now unstuck.
So, if your portfolio has a mix of mutual funds/OEFs, ETFs, CEFs, IF-TICKERS, the MFO Premium can …
I can confirm that portfolios with insurance funds IF-TICKERS are now running normally. My saved MFO Premium portfolios are now unstuck.
So, if your portfolio has a mix of mutual funds/OEFs, ETFs, CEFs, IF-TICKERS, the MFO Premium can run it. This …
