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Australian Mcquarie Asset Management acquired Dalaware, Ivy/Waddell & Reed, etc several years ago. It also offers a few ETFs.
Now comes its unified branding.
https://mim.fgsfulfillment.com/download.aspx?sku=PRESS-FORWARD
https://en.wikipedia.…
There are 2 separate issues.
I was commenting on the infeasibility relying only on distributions for meeting RMDs.
But with larger IRA accounts, the RMDs are large, and may be sufficient to meet retirement expenses. Then, there is no worry about …
.....
Funds use the current yield trick to boost current yield by buying premium bonds (at the expense of NAV deterioration), or go for gains by buying discount bonds. While both have the same YTM, the effects on current fund income and taxation are…
@PRESSmUP, relying on distribution for RMDs may be possible early on, but would be impossible later on. Here are the required RMD % (of the yearend balances) at selected ages:
72 3.65%
80 4.95%
85 6.25%
90 8.20%
95 11.23%
100 15.63%
Now, the…
@BaluBalu, %coupon adjusted for current price is NOT YTM (or close to it).
YTM come from IRR or XIRR like Functions in Excel, or P-A-F-i analysis on generic calculators.
Funds use the current yield trick to boost current yield by buying premium b…
Fido credits maturing T-Bills ON the morning of the maturing date, Schwab on the afternoon, Vanguard in the evening or the next morning.
Everything is normal on the day AFTER maturity.
I think that Treasury has until midnight of the maturity date …
Use IRS Direct Pay.
Registration not required for paying. But it is if you want to check other personal info.
It would ask some simple questions based on a recent 1040 to make sure that it's you, so have that handy.
https://www.irs.gov/payments
I cringe when people talk about stocks for all times and talk only about good times. People have to deal with markets they are in. So, these historical data are useful for perspectives.
In the charts above, I tried to add SP500 but couldn't. I loo…
Market has good times and bad times.
Look at how your favorite MA/hybrid did 1/1/1965-12/31/1974 ( VWELX, FPURX, DODBX ).
https://i.ibb.co/XJhn6c4/Screenshot-2024-01-15-06-36-57.png
May be.
Some brokers have T+0 (same day) settlements for in-house m-mkt funds. But I haven't checked this at Schwab. My guess is that if nothing is marginable yet, margin interest would be charged.
Up early? 4:35 AM in CA?
@Derf, my Schwab Profile/Margin page has this:
Looking to downgrade?
To downgrade your current options level, contact us at 888-245-6864.
To remove your margin access, contact us at 877-870-7317.
You should definitely call them.
@Derf, you probably have a margin a/c. May be you filled out related paperwork while opening the account - it's more than just a click, so this cannot be accidental.
Go into your Balance screen and if it shows large available credit or borrowing ca…
If one can live on portfolio income only, great.
But when that isn't enough, and one has to withdraw more than portfolio income on a consistent basis, that can lead to problems from the SOR issues, or if the entire portfolio is drastically changed …
The typical pattern of these annual Roundtables is that Part 1 has lots of macro/big-picture stuff on markets, economy, geopolitics, followed by specific recommendations by only 2-3 panelists. Then, Parts 2 and 3 will have recommendations from the r…
@BaluBalu is alluding to T+1 settlement for OEFs, T+2 settlements for ETFs, CEFs, stocks. Even knowing this, I have made mistakes at Schwab that have cost me 1-day margin interest. In the rush of things, one may just look at website Portfolio/Holdin…
Reg BI is a diluted standard that many brokers & financial advisors can claim they are following. Only the RIAs are obligated to follow fiduciary standard.
Beware of dual-hatted advisors that have both RIA and broker/advisor credentials. There…
IBIT prospectus only says that the desire is to be treated as a grantor trust, and if that isn't approved by the IRS, it may be treated as a partnership, and if that isn't approved by the IRS, it may be treated as taxable corporation. It doesn't men…
These ETPs are barely 1-day old (I will stop calling them ETFs), and already an options-based ETF has been filed for GBTC; others may follow soon.
The firms involved (and there are some big ones) are in it for fees that are collected whether the s…
These "ETFs" were really approved as 1933-Act ETPs even though the term "ETF" is used loosely in some names and descriptions. All/most would issue K-1s, not 1099s. For a discussion of 1933-Act ETPs vs 1940-Act ETFs, see the link below.
https://ybbp…
@DavidF, Vanguard footnote explains that only 0.20% is for portfolio management, and the rest for interest costs for borrowing & fees for shorting.
Funds are required by the SEC to provide TOTAL ERs, but fund analytics services can be more flex…
Long & short futures-bases-Bitcoins do exist, BITO, BITI, etc.
So, in time, short spot-Bitcoin ETFs should arrive. Trading in long spot-Bitcoin ETFs starts only TOMORROW (1/11/24).
M* now likes allocation 60-40. Some "naysayers" were at M*.
Naysayers Were Wrong About the 60/40 Portfolio. Here’s Why.
After a disastrous 2022, it turned out not to be dead after all.
https://www.morningstar.com/portfolios/why-naysayers-were-wrong…
Boeing/BA moved its HQ from Seattle to Chicago in 2001, and from Chicago to Arlington, VA in 2022.
For some reason, it has stuck to the damaged brand name "737 MAX".
https://en.wikipedia.org/wiki/Boeing
ROSOX / ROSIX
Morningstar 1* / 2*, Negative
Firm https://www.morningstar.com/funds/xnas/rosix/parent
From Barron's 5/22/21:
VALUE has lagged badly for so long, that it is risky to pick the NEXT GENERATION of value hunters. But that didn’t stop Ba…
Facts as presented are unclear.
If a mutual fund order is entered BEFORE 4 PM Eastern market close (beware that some brokers may have earlier cutoffs, but none of the major ones do now), you will get the closing NAV of THAT day. BTW, I have succes…
12/8/23 was Friday. T+1 settlement would be Monday, 12/11/23.
1/4/23 was Thursday. T+1 settlement would be Friday, 1/5/23.
This assuming that orders were in BEFORE 4 PM Eastern.
If AFTER 4 PM, then dates would be 12/12/23 and 1/8/23.
@sma3, Stock Rover Premium (SR) has a steep learning curve. Distributions have to be updated manually (no auto-refresh click of M* Portfolio). That is why I am running BOTH M* Portfolio/ M* Investor & Stock Rover for now.
@sma3, in the M* Investor Menu, are you checking the separate tabs for Portfolios (icon is a folder) and Watchlists (icon is an eye)? Clicks on the bar-stack on the top Hide/Show details. Both the Portfolio and Watchlists used to be in the same menu…
My M* Watchlists were also Exported. It was a while back, so I don't remember exact steps (Edit - Actually, the transport from old M* Portfolio to new M* Investor was automatic after login).
Edit/Add. I checked M* Investor after a long while.
So,…
@equalizer, as explained in this primer, T-Bills are sold at discount, and the sale price or par (at maturity) determines the taxable amount. So, there is no tax to be withheld and no estimated taxes to be paid.
https://public.com/learn/how-are-trea…
Factor ETFs are popular now.
Dividend-factor is a very crowded field. The related ETFs fall into 3 broad categories - current-dividend (VYM, etc), dividend-growth (VIG, etc), dividend-blend (SCHD, etc).
I am OK with dividend-blend but not so much…
MFO Premium Homepage has an interesting layout. The 1st row of the horizontal Menu Bar has all the FREE stuff. The 2nd row has all the SUBSCRIBER stuff.
HOME BLOG QUICKSEARCH OWLS ALARM PROFILES DEFINITIONS MFO
LOGIN ANALYZE MULTISEARCH PORTFOLIOS…
@Tarwheel, when the old M* Portfolio goes away, so will the old M* Watchlist that is within the M* Portfolio. So, both will be available through 2024.
You can transfer both the Portfolio and Watchlist into the new M* Investors that isn't ready for …
RiverPark is known here for some of its subadvised funds (RPHIX, RSIIX) and those are in the news here. But the firm itself has had issues with turnovers & AUM losses.
M* on RLSFX
"Co-founder and co-chief investment officer Mitch Rubin depart…
PFIX - Simplify Rate Hedge ETF
New Year brings new records. Looks like this ETF made an almost 50% distribution at the yearend.
https://twitter.com/syouth1/status/1742001236923015317
https://finance.yahoo.com/quote/PFIX/history?p=PFIX
https://sto…
In the meantime, M* has its own chatbot "Mo". It is based on ChatGPT/OpenAI running on Azure/MSFT.
While general Q&A chatbots (ChatGPT, Bard, Claude) may be fun, these application specific chatbots have better commercial future.
https://newsr…
I think M* advisor workstations/terminals cost around $10,000.
It cannot get those kind of revenues from the old M* Premium or the new M* Investor.
Those who haven't visited M* Discussions recently will find several discussion/Q&A areas now f…
