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.
Unfortunately, 11/30/22 distribution would be WITHIN the +/- 30 day wash sale window.
Good news is that only the distribution amount would be disqualified due to wash sale. In case of partial sale, that amount would be added to cost basis of the re…
But TIPS/real-rates moved up 4-5 bps across the board. Nominal yields didn't move much. So, inflation-expectations (nominal yield - TIPS yield) came down a bit.
https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type…
Notes from Above + Powell's Press Conference
Fed funds rate +50 bps to 4.25-4.50%; (bank) reserve balance rate 4.4%; primary (discount) rate 4.5%. More rate hikes should be expected. Rates will remain higher for longer & rate cuts in 2023 are u…
I also read that QuickBooks CANNOT do mark-to-market accounting and isn't appropriate for keeping records for multi-billion dollar exchanges (cryptos or regular). I am personally not familiar with QuickBooks.
I didn't see any problems with the materials cited in the OP. But don't consider those as 2 independent sources. Dotdash Meredith owns both Investopedia and The Balance. People may have opinions about them, but at Dotdash Meredith, the former is con…
@Sven, many investors were impressed that SBF's parents were lawyers (father in security compliance law) at a prestigious university - CNBC Mr Wonderful Kevin O publicly mentioned that (KO became a PR face for FTX). SBF was good in dropping names, e…
@Old_Joe, you ARE right, it is right there in the Summary page that BTW is my starting page! But I went looking for something in the tabs, searched Schwab and also the web and those didn't direct me to the link on Summary page.
Thanks, YOU found t…
I couldn't find general account aggregation feature at Schwab.
But there is such a feature for Schwab Advisory Accounts, called Schwab Alliance program.
https://advisorservices.schwab.com/system/file/P-10672401
BTW, I don't use account services fe…
On a volatile day, ALL volatilities were DOWN: stock VIX, VXN, RVX; bond MOVE;
EM VXEEM; gold GVZ; oil OVX. In fact, several crashed by 10% or more.
This was also unusual.
CPI +7.1% WAS less than expected +7.3%. Somebody KNEW something yesterday afternoon. That would explain the sudden runup yesterday, and of course, the futures this AM AFTER the CPI report.
FRED CPI https://fred.stlouisfed.org/graph/?g=XCae
Look at the other side, or what happened to McGraw Hill that owned S&P then? It self-destructed. It now exists as private McGraw Hill Education and public S&P Global/SPGI.
FWIW, no other rating agency followed S&P.
One consequence of t…
Actually, not a bad study by Price of its own funds. M* JP noted that comparisons were with M* category averages rather than each fund's benchmark, but that would have only changed some numbers.
https://twitter.com/syouth1/status/159808843115384012…
@johnN, see
https://www.mutualfundobserver.com/discuss/discussion/59179/posting-images
https://ybbpersonalfinance.proboards.com/thread/248/posting-images
Already?
I was expecting this for 2023 Q1-Q3 after the debt-ceiling was hit.
May be the Congressional payroll should be the first to go when there are budget impasses.
@johnN, @catch22, StockCharts for $USTxy will show RSI(14). But it isn't useful in the TA sense of trading (overbought or oversold) as the rates are driven by the FOMC actions.
https://stockcharts.com/h-sc/ui?s=$UST6M&p=D&b=5&…
M* dynamic definition of "small" often doesn't match the market-cap based static definitions used by most funds. M* categories include US "Small" (bottom 10% by market-cap) value, blend, growth; foreign "Small/Mid" (bottom 30%*) and global "Small/Mi…
More ideas this week, 12/10/22.
TAXES and GIVING. The ESTATE exemption of $12.06/$24.12 million (single/joint) is for super-wealthy, but there are many others things that ordinary investors can do. ANNUAL gift EXEMPTION is $16K/yr/person ($17K in 2…
Most sites have RSI default as 14 but it can be adjusted. In daily view, it is 14 days, in weekly view 14 weeks, in monthly view 14 months. Strength or weakness in 14 periods can only tell so much.
There is also a different RSI that is company or f…
Convenience.
I have a brick-&-mortar bank a couple of blocks away where I have some (low-rate) walk-in $s + bank locker. A/C is linked to a fund company, so $s can be shifted easily (it did give me a hard time in setting that ACH link; kept say…
Schwab + TD Ameritrade deal closed in 2020. But integration of large brokerages is complex and Schwab plans to complete most of the transition for retail by early-2023 and for advisors by late-2023.
https://www.aboutschwab.com/schwab-statement-on-a…
@LewisBraham, @msf, I think that discussion was under Vanguard Cash Plus thread,
https://www.mutualfundobserver.com/discuss/discussion/60296/vanguard-cash-plus-savings-fdic-insured
I continued on with my research and finally put a multi-post info …
I think @Old_Joe's explanation for offer rates of CD is plausible.
CDs do take some time to put out. Various brokerage platforms have fees of 35-50 bps (that are paid by the banks, not the retail buyers). So, banks set some offering rate ahead and …
A while ago I checked - Fido & Schwab offer only FDIC insured CDs on their platforms (as do most major brokerages).
But it is an important caution. Many smaller brokerages offer all kinds of CDs. Some may be from foreign banks operating in the …
Biggest SPAC was from Bill Ackman and he returned a handful of billions cash. He did try some creative ideas but those were rejected by regulators.
SPCZ (Sherman's SPAC SPC is similar. I think he posts here.) mentioned by Barron's only invests in th…
House Speaker is a member of the House by tradition but he/she doesn't have to be. Speaker has a tie-breaking vote.
On the other hand, Speaker Pro Tempore must be a member.
https://www.govinfo.gov/content/pkg/GPO-HPRACTICE-108/html/GPO-HPRACTICE-1…
IWM based on R2000 is not a good SC index. Almost 1/3 rd of its companies have no earnings. Russell also has a bad annual rebalancing policy for all of its indexes - the date is preannounced and all is done on a single day, so there is lot of front-…
DAILY PRICING of illiquid securities may not be reliable. The 3rd party pricing services may use matrix pricing or guesswork for things that haven’t traded recently. This would affect interval-funds as well as normal OEFs/ETFs/CEFs. The difference m…
Banks & financials can count preferred as Tier 1 capital only when they are noncumulative; some exceptions may apply. So, there are rarely any bank/financial preferreds that are cumulative.
https://content.next.westlaw.com/practical-law/document…
@Observant1, interesting info about REFLX REIT under the newer interval-fund structure, not the older, opaque Nontraded-REIT structure.
So, DAILY valuations, DAILY purchases at NAV at market close (may include applicable sales load), minimum 5% RE…
BTW, the earliest reference to interval-funds at MFO that I could find was in 2013 by @David_Snowball who was reporting on M* Investment Conference about this new thing called IFs.
In looking over some old MFO posts, I also saw some mixed-up usage …
Green-bonds raise money for clean-energy and other ESG related purposes. It is a way to tap into the ESG wave (it has subsided some in 2022). They were launched about a dozen years ago.
https://www.climatebonds.net/market/explaining-green-bonds
htt…
Re @David_Snowball #4 in the forthcoming January 2023 issue, "Identify opportunities in small caps (especially small cap value)....."
The current Barron's has a feature story on small-caps with lots of data (but un-linkable chart and tables),
BULL…
@Sven, the next FOMC is Dec 13-14. Fluid CME FedWatch is currently showing 50-50-25-0 to 5.00-5.25% peak rate.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
Powell has been looking for short-term yield-curve inversion, in 3m-18m, 3m-3m18mForward, etc, but these data are hard to find. Today, close and easily accessible 3m-2y also inverted by 8 bps.
https://stockcharts.com/h-sc/ui?s=$UST2Y-$UST3M&…
