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+1
TRP’s might read, “We’ll transfer your funds, but our check may bounce.” :)
I’ve run into account closure fees at different fund houses before. $100 is exorbitant. But recent inflation distorts our perceptions. Looked at new cars lately?
Good timing. Sold CEFS & bought FOF yesterday in my core account. Head swimming from all the recent reading. Not easy creatures to fathom or to value. And, I’m not particularly optimistic about the new acquisition. But it does serve purp…
Sold all my hedges.The near 2% weighting went into cash. Might put some to work late in day depending on course of markets. LCORX (already own) is one candidate - off quite a bit from its high. Hedges sold included SJB, CCOR, NSRGY. The last o…
I’m thinking Powell will do his best to cheer the markets on tomorrow. (But don’t lay any money on that.)
Lots of carnage in the precious metals today. Not a lot of places to hide.
Just a heads-up … GDX (gold miners index) is down near 4% on the day. Gold is off $50 to just above $2300 after peaking over $2400 2 weeks ago. Is it a good buy? I don’t know. If I had some spare cash lying around, I’d take a small position (b…
Yogi said ”Forget M* customer service …” :)
Thanks Yogi. I sent-off the email inquiry re CCOR ([email protected]) yesterday more or less as a courtesy to them, thinking they’d want to fix whatever glitch is keeping it from pulling up. They ha…
Beginning to think subscribing for a year was a mistake. M* has been bombarding my email with solicitations for costly “upgrades” beyond the Investor service I paid for. Not only that, but Seeking Alpha, which I have never used has begun sending …
Nice of you OJ. All true. But this esteemed forum demands accuracy. I just “blew it”, probably thinking I knew more than I really do. But it’s a great thread you’ve got going here.
As nasty as all these “near-misses” today are, it’s a hell of a…
Looks like PIMIX has done a little better longer term than the previous post reveals. (+7.68% over 15 years). Let’s remember how dastardly low interest rates were over most of the past decade. That said, for a fund that’s invested about 35% in su…
@hank, if you are subscribe to Apple News, many (but not all) WSJ articles are available. Just type in the title for the search. I think Mark is spot on that investors are rotating to value stocks after the big run up.
@Sven. I actually subscri…
if this hasn't already been posted here, well, it ought to tell you a lot about boing in the modern age, none of it good
https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/
I hate to tell you, but that is not a Boe…
@Mark. Sorry you couldn’t pull up the article. Didn’t miss much IMHO. It goes over the reasons others cite here - especially the fund’s concentration in 7 or 8 big holdings.
Later on states: ”By the end of last year, ARK funds had destroyed more w…
FZROX is a total STOCK market fund with zero ER. Fido makes money from securities lending and lower index fees from a former subsidiary. Despite its ticker, it isn't related to Treasury Zeros.
I stand corrected. Thanks again Yogi.
Check out Fido's Bonds/Treasury section.
Thanks again. Better idea. FZROX would be subject (to some sort of) 30 day in-house OEF rule at Fido that restricts buying & selling. With these things it would be safer to have an ejection button nearb…
Thanks Yogi. Good suggestion. I misread your answer briefly (thinking you meant CD ladder).
Not something I’d get very extravagant using. Just one simple 2 or 3 year zero (probably as a short term speculative hedge) would be enough.
With your h…
Yes @msf / Your answer is confirmed by AC ‘s prospectus …
”Although the fund’s investment policies are designed to provide an investment that is similar to investing in a zero-coupon U.S. Treasury security that matures in the year 2025, a precise f…
humm … interesting I’ll look at BOXX. Thanks Yogi.
What I’ve been mulling over in recent days is something similar to a zero-coupon, but maybe just out 2, 3, 4 years. (Zeros are crazy volatile as I think everyone knows.) Might be a good hedge / h…
@hank - I just wanted to let you know that I really appreciate not being asked to be a partner in this new enterprise. :)
You were the #1 “special invitee” @Old_Joe. I’ll cross your name off the list. Thanks for letting me know. ;)
I’m just trying to get a handle on this Pecker fella. Is he related to the guy that picked the pickled peppers?
I think SNL will be live tomorrow night. Should be a hoot.
Great ticker symbol. Will some other Wiz be able to buy that since Wiz 1 is being discontinued?
Does it cost anything to start an ETF? Thinking of giving it a try.
:) Good one Mark (depends on what you own I suspect)
Without getting too deep into the weeds, unlike @msf who prefers the “plain vanilla” variety, most of my equities are of “fudge” variety - meaning they are held inside multi-asset funds…
Nice @msf
I liken the “drag effect” of portfolio hedging to brakes on a car. A car would be much more efficient and would travel farther if you just left it rolling along.
PS - @msf said “Shilling (attrib Keynes): The market can remain irrationa…
”This column should not be read as a criticism of low-risk investments. They aren’t required for younger investors, who need not worry about redeeming their funds at the wrong time (at least, if they are sensible), but they are critical for retirees…
Thanks @Crash.
Lightfoot’s lyrics are powerful and often depressing, The one that begins “The space shuttle ends where the subway begins … “ is indeed haunting. (A shuttle crew returns to earth to find the human race has completely annihilated …
Paying $200 for a (introductory) year of M* Premium Investor. That’s $16.66 a month. You can’t buy a bottle of drinkable scotch for that. I saw a 6-pack of Sam Adam’s (Boston Lager) priced at $12.50 (+ bottle deposit) where I shop the other d…
My first & last boat leans up against back garden shed. I paid all of $100 for 11'6" flat bottom v hull. Many enjoyable hours spent fishing !
To each his own.
For fishing I never thought it made much difference what size boat. Over 45 years …
Thanks for all the suggestions guys. :)
As I started to say … I don’t have strong reservations about paying for content. Albeit, M* is fraught with apparently self-inflicted shortcomings.
(I’ll defer to others as far as Mike’s question for “smart guys”.)
But I agree 100% with Mike’s reasoning. I do have some non-sheltered holdings in a tax exempt muni bond fund. Aside from that, the other 90%+ resides in IRAs and I don’t gi…
The two happiest days in a man’s life: (1) When he buys a boat, (2) When he sells it.
At least that’s how it occurred to me. The boat had aged and needed constant expensive repair. I never carried insurance on it as the rates are much higher if ope…
I believe that in the case of mutual funds and ETFs it is automatic. That is … the fund’s NAV is regularly updated to reflect accrued dividends, interest, cap gains. And when those are distributed to shareholders the share price falls by the predi…
”automatically” …
To my knowledge (and based on the Motley Fool piece) it is not automatic. Just a consequence of a normally functioning marketplace. Other factors could intervene and impact the stock’s price before the market reopens on the e…
Generally, a stock’s price rises in the days leading up to its ex-dividend date. Investors want to own it time to qualify to receive the dividend. So the last closing price before the ex dividend date should fully reflect the stock’s intrinsic val…
Only in NYC ….
The Seven-Eleven on 8th Avenue near my hotel in January required an armed guard to come to the beer cooler, unlock it, and observe me as I read the labels on a few different 24 oz. cans. Kinda takes the joy out of buying a can of …
I used to be to compare multiple funds, which I can no longer do …
I’ve done that before at Fidelity - and without logging in. Up to 3 or 4 funds at a time. A real eye opener. Very helpful. It’s a bit hard to uncover. ISTM you need to be researc…
