Search found 784 matches

by lexor
Mon Mar 30, 2020 1:37 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Are people already doing this in a brokerage account? Requesting tips on how would you set this strategy up in Brokerage account (do not have tax advantaged space). I would like to use the current market downturn to invest 100k in 55:45 split. Late 30s with long term time horizon. Would buy in when...
by lexor
Wed Mar 25, 2020 10:43 pm
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Some treasury yields are now negative (1 and 3 month) https://www.ccn.com/apocalypse-now-u-s- ... ive-rates/

Thoughts on how this effects NTSX?
by lexor
Sun Mar 22, 2020 1:39 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

Lee_WSP wrote:
Sat Mar 21, 2020 9:26 pm
lexor wrote:
Sat Mar 21, 2020 9:07 pm

Other thing I'm wondering is when do you plan to move back to 55% UPRO 45%TMF instead of 50 50
Is this question directed towards me?
No, towards hedgefundie
by lexor
Sat Mar 21, 2020 9:07 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I know it's small consolation, but in my opinion this about the most honorable thing I've seen anyone do on the internet since . . . maybe ever. I appreciate it, too. Thank you, HEDGEFUNDIE. Just doing my part to encourage others to Stay the Course during these trying times, whatever their strategi...
by lexor
Sat Mar 21, 2020 6:55 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I have updated the OP to show my current portfolio, lest anyone get the wrong idea about my transparency and commitment. I know it's small consolation, but in my opinion this about the most honorable thing I've seen anyone do on the internet since . . . maybe ever. I appreciate it, too. Thank you, ...
by lexor
Sat Mar 21, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Governments Buying Each Others Debt
Replies: 12
Views: 691

Re: Governments Buying Each Others Debt

Will governments buy large amounts of each other's debt to fund relief programs? This seems to make sense to me but wondering what others think. About 1/4 of all debt is already inter-agency debt ($5+ trillion). Example: Social Security trust fund. This is not a new thing. http://www.crfb.org/paper...
by lexor
Sat Mar 21, 2020 6:12 pm
Forum: Investing - Theory, News & General
Topic: Governments Buying Each Others Debt
Replies: 12
Views: 691

Re: Governments Buying Each Others Debt

Other governments have long bought US government debt as a source of US dollars. Now, the Fed has re-established swap lines with other central banks to ensure that they have access to the US dollars that they need, so that those governments don’t have to sell US Treasury bonds. There’s really no ne...
by lexor
Sat Mar 21, 2020 6:09 pm
Forum: Investing - Theory, News & General
Topic: Governments Buying Each Others Debt
Replies: 12
Views: 691

Re: Governments Buying Each Others Debt

Phineas J. Whoopee wrote:
Sat Mar 21, 2020 3:58 pm
Globally net debt must be zero. If I have a debt to you, you have an equal but opposite-direction asset. I don't know if that helps with your question about governments buying each others' debt.
PJW
Right but governments can print money right? I must not understand.
by lexor
Sat Mar 21, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

ribeyesteaks wrote:
Sat Mar 21, 2020 1:40 pm
We'll see how UPRO pans out. My hunch is the volatility drag and a long sideways market will absolutely destroy it.
Someone should really do the math on volatility drag using VIX futures. This could be a real problem I think. I think volatility will go down some but still
by lexor
Sat Mar 21, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: Governments Buying Each Others Debt
Replies: 12
Views: 691

Governments Buying Each Others Debt

Will governments buy large amounts of each other's debt to fund relief programs? This seems to make sense to me but wondering what others think.
by lexor
Sat Mar 21, 2020 1:22 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

On the topic of "is anyone worried about...", JNUG & JDST (3x gold miner bull/bear) have both been crushed over 2019 (down 80%+ on both of them) while the underlying is down 20% (GDXJ). The chart doesn't look all the volatile and yet both the bull and bear versions got crushed (https://seekingalpha...
by lexor
Sat Mar 21, 2020 1:01 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

On the topic of "is anyone worried about...", JNUG & JDST (3x gold miner bull/bear) have both been crushed over 2019 (down 80%+ on both of them) while the underlying is down 20% (GDXJ). The chart doesn't look all the volatile and yet both the bull and bear versions got crushed (https://seekingalpha...
by lexor
Fri Mar 20, 2020 3:33 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I've been watching a lot of CNBC lately (i know i know...) but one thing mentioned today that got me wondering was about the strength of the dollar. Comments were made about how because of the flight to cash and treasuries the dollar continues to strengthen against foreign currencies and there may ...
by lexor
Thu Mar 19, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: Senator Insider Trading before Crash
Replies: 13
Views: 1616

Re: Senator Insider Trading before Crash

Crushtheturtle wrote:
Thu Mar 19, 2020 7:48 pm
Those politicians sure are corrupt.

Therefore, I'm going to place my trust and fortune into... Bitcoin
I didn't say that to be clear. I would never allocate your entire fortune to a single asset let alone Bitcoin.
by lexor
Thu Mar 19, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: Senator Insider Trading before Crash
Replies: 13
Views: 1616

Re: Senator Insider Trading before Crash

Frankly I think the lack of response to the threat if there was obvious internal discussion of its true threat and the need to downplay is a bigger story. If that wasn’t openly discussed, then this was only their opinion. He told the public it wasn't a big deal while simultaneously saying the oppos...
by lexor
Thu Mar 19, 2020 7:37 pm
Forum: Investing - Theory, News & General
Topic: Senator Insider Trading before Crash
Replies: 13
Views: 1616

Senator Insider Trading before Crash

[Thread moved into here, see below. --admin LadyGeek] NPR reported a senator selling 1.7 million in stock, including 150k in Wyndham Hotels and Resorts before the crash. He also warned others in a private meeting. How is this not frontpage news? Starting to lose faith in the US stock market. If thi...
by lexor
Thu Mar 19, 2020 8:05 am
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 4575
Views: 162847

Re: Bogleheads community discussion - Coronavirus

From John Ioannidis, at Stanford, in STAT : A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data It would truly be a shame if we destroyed the economy unnecessarily. Interesting article. I don’t think any countries are conducting random sampl...
by lexor
Wed Mar 18, 2020 8:33 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I have updated the OP to show my current portfolio, lest anyone get the wrong idea about my transparency and commitment. Quick question - what would you do if either fund closes? Seems like that’s a real possibility after a huge drop like this. Wouldn’t the nightmare scenario be one or both funds p...
by lexor
Wed Mar 18, 2020 7:13 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

HEDGEFUNDIE wrote:
Wed Mar 18, 2020 5:53 pm
I have updated the OP to show my current portfolio, lest anyone get the wrong idea about my transparency and commitment.
Thanks for updating. What would happen if UPRO went negative? Would it be liquidated?

Would you as an individual be responsible for the debt?
by lexor
Wed Mar 18, 2020 5:43 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 4034
Views: 333341

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

So, what would be better than TMF as the "hedge" portion in the future? Sovereign debt of the mightiest military, gold assets that you will never actually physically own, cryptocurrency that is a commit away from being dead/gone, speculative common shares of a company in the hopes that they return ...
by lexor
Wed Mar 18, 2020 12:11 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

I don’t have a spreadsheet for that but one quick way to do it is to figure out a dollar exposure (say 30k in stock). Then make sure you have enough UPRO to hit that. So you’d start with 10k in UPRO. From then on, make sure you have about 10k in UPRO regardless of market movements (I.e. buy enough ...
by lexor
Wed Mar 18, 2020 11:15 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

Yes, if you wanted to maintain a constant % of stocks with your human capital included (Lifecycle Investing), you have to do some UPRO purchasing and UPRO selling throughout the months, based on market movements. You technically have to do some of it with options but because of that negative feedba...
by lexor
Wed Mar 18, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Don't forget SWAN -3.2% I was just looking at that recently. What are your thoughts on SWAN vs NTSX (in general, not just in the context of the current downswing)? NTSX is effectively 90/60, while SWAN's target exposure is 70/90. SWAN's ratio is certainly closer to risk parity. However, holding lon...
by lexor
Wed Mar 18, 2020 9:44 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

Oh I understand - you're saying I'd have to constantly be buying UPRO when market dropped and selling when it goes up. Nobody has time for that! Yes, if you wanted to maintain a constant % of stocks with your human capital included (Lifecycle Investing), you have to do some UPRO purchasing and UPRO...
by lexor
Wed Mar 18, 2020 8:26 am
Forum: Personal Investments
Topic: Attempting to move the other half of my international stock allocation from Roth to taxable
Replies: 28
Views: 1036

Re: Attempting to move the other half of my international stock allocation from Roth to taxable

Bumping to get more eyeballs on this thread and maybe some more comments. Thanks. International stock isn't more tax efficient even when taking into account foreign tax credits according to all the data I've seen. Actually US stock is significantly more tax efficient (about equivalent to .2% expens...
by lexor
Wed Mar 18, 2020 3:08 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

Kind of off topic and late but when volatility is high does it ever make sense to decrease you market exposure to keep risk more consistent. For example - would it be unwise to start lifecycle investing right now because volatility is so high? It would make sense if expected returns were constant, ...
by lexor
Wed Mar 18, 2020 2:26 am
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Don't forget SWAN -3.2% I was just looking at that recently. What are your thoughts on SWAN vs NTSX (in general, not just in the context of the current downswing)? NTSX is effectively 90/60, while SWAN's target exposure is 70/90. SWAN's ratio is certainly closer to risk parity. However, holding lon...
by lexor
Wed Mar 18, 2020 2:21 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

Options markets already take into account volatility prediction, so there's no free lunch there. Options premiums are determined largely by their Implied Volatility, which are forward looking and represent the market's expectation of future volatility. There is also a Variance Risk Premium, which i...
by lexor
Wed Mar 18, 2020 1:33 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

Oh I understand - you're saying I'd have to constantly be buying UPRO when market dropped and selling when it goes up. Nobody has time for that! Yes, if you wanted to maintain a constant % of stocks with your human capital included (Lifecycle Investing), you have to do some UPRO purchasing and UPRO...
by lexor
Wed Mar 18, 2020 1:28 am
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

HEDGEFUNDIE wrote:
Wed Mar 18, 2020 12:54 am
HawkeyePierce wrote:
Tue Mar 17, 2020 11:16 pm
YTD:

NTSX: -13.2%

USMV: -17.0%

VOO: -22.3%

Alternate strategies having their day in the sun so far in 2020.
Don't forget SWAN -3.2%
What about TMF+UPRO YTD?
by lexor
Mon Mar 16, 2020 6:44 pm
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 7911

Re: Who is continuing to buy as planned?

Crazyhats5 wrote:
Mon Mar 16, 2020 6:20 pm
I have a dumb question..what do you guys mean by keep buying? I have my 401k set to max and each check they “buy”.

A general explanation will help me.

Thanks

-Adam
Yes they mean buying into your typical investments in your 401k, IRA, taxable, etc. - whatever you normally do.
by lexor
Mon Mar 16, 2020 4:13 pm
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 7911

Re: Who is continuing to buy as planned?

I just wanted to see who is staying the course? A lot of panic here.... Talk about MM fund crashing, bonds crashing, stocks are going down too. I started contributing into Wellesley Income Fund on January 1st 2020. I guess I have been the unlucky investor :) but I am staying the course. I don't thi...
by lexor
Mon Mar 16, 2020 4:03 pm
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 7911

Re: Who is continuing to buy as planned?

Was planning to retire later this year so the timing is not ideal. But we have 50/50 allocation plus 2-3 years of expenses in boring cash (half in a CD ladder averaging 2.5% and half in online savings paying 1%) so unless total armageddon strikes I think we will still finish at the end of July. I d...
by lexor
Mon Mar 16, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: The One-Fund Portfolio as a default suggestion
Replies: 243
Views: 36929

Re: The One-Fund Portfolio as a default suggestion

Dear Lexor, If I was 30 years old*, I had reached almost $1,000,000 at the high of the market with a 100% stocks portfolio, and had started moved a significant part of my portfolio into a leveraged ETF on March 4, to the point that NTSX was now my portfolio's largest position, I would probably be u...
by lexor
Mon Mar 16, 2020 2:47 pm
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Long term bonds or treasury futures don't provide downside protection. If you want downside protection, use put options or move your portfolio towards lower risk investments such as BND or money market accounts. Relying on leveraged treasuries for downside protection is a recipe for blowing up in y...
by lexor
Mon Mar 16, 2020 2:33 pm
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 7911

Re: Who is continuing to buy as planned?

I just wanted to see who is staying the course? A lot of panic here.... Talk about MM fund crashing, bonds crashing, stocks are going down too. I started contributing into Wellesley Income Fund on January 1st 2020. I guess I have been the unlucky investor :) but I am staying the course. I don't thi...
by lexor
Mon Mar 16, 2020 2:32 pm
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Long term bonds or treasury futures don't provide downside protection. If you want downside protection, use put options or move your portfolio towards lower risk investments such as BND or money market accounts. Relying on leveraged treasuries for downside protection is a recipe for blowing up in y...
by lexor
Mon Mar 16, 2020 2:11 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

I suggest just using a leveraged ETF for such low exposure. I calculated earlier that that actually outperforms options (the call + short put kind) if you can find an ETF that matches your desired leverage. Once your target leverage drops below 2.5x, that would be a good time to start considering o...
by lexor
Mon Mar 16, 2020 1:57 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

Oh I understand - you're saying I'd have to constantly be buying UPRO when market dropped and selling when it goes up. Nobody has time for that!
by lexor
Mon Mar 16, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

I suggest just using a leveraged ETF for such low exposure. I calculated earlier that that actually outperforms options (the call + short put kind) if you can find an ETF that matches your desired leverage. Once your target leverage drops below 2.5x, that would be a good time to start considering o...
by lexor
Mon Mar 16, 2020 12:26 pm
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

1. If I want to increase stock market expose by 10k would I buy a 10k call option on SPY for 2 years out and then sell it for a new 2 year call in 1 year? 2. Is it safe to use a market order on SPY LEAPs - even with current volatility? 3. How do I pick a strike price? 1. LEAPs give you the “control...
by lexor
Mon Mar 16, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Is this fund too heavily correlated to equities to consider using it to replace a portion of bond allocation? Currently 90/10 with 30+ year time horizon, considering replacing a chunk of my bond allocation with this. Yes if you expect it to perform like bonds. It performs closer to 100% equities wi...
by lexor
Mon Mar 16, 2020 11:56 am
Forum: Investing - Theory, News & General
Topic: Futures Trading
Replies: 25
Views: 1849

Re: Futures Trading

Futures aren't that difficult.... just make sure you get your equity exposure correct. If you can do 4th grade multiplication you can determine how many SP500 emini or micro contacts will give you "$x" in exposure. Just make sure you have enough cash available so you don't get kicked out of your po...
by lexor
Mon Mar 16, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: Futures Trading
Replies: 25
Views: 1849

Re: Futures Trading

Futures aren't that difficult.... just make sure you get your equity exposure correct. If you can do 4th grade multiplication you can determine how many SP500 emini or micro contacts will give you "$x" in exposure. Just make sure you have enough cash available so you don't get kicked out of your po...
by lexor
Mon Mar 16, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: Lifecycle Investing - Leveraging when young
Replies: 891
Views: 77191

Re: Lifecycle Investing - Leveraging when young

1. If I want to increase stock market expose by 10k would I buy a 10k call option on SPY for 2 years out and then sell it for a new 2 year call in 1 year?
2. Is it safe to use a market order on SPY LEAPs - even with current volatility?
3. How do I pick a strike price?
by lexor
Mon Mar 16, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Pricing seems to be back to what one might expect. The volume of NTSX generally is very low I think. The spread is very wide. The best thing to keep an eye on, I believe, is the indicative intraday value. Could you explain? And where one might see this data? Pretty much any quote page should show t...
by lexor
Mon Mar 16, 2020 10:09 am
Forum: Investing - Theory, News & General
Topic: Futures Trading
Replies: 25
Views: 1849

Re: Futures Trading

Futures aren't that difficult.... just make sure you get your equity exposure correct. If you can do 4th grade multiplication you can determine how many SP500 emini or micro contacts will give you "$x" in exposure. Just make sure you have enough cash available so you don't get kicked out of your po...
by lexor
Mon Mar 16, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

corp_sharecropper wrote:
Mon Mar 16, 2020 9:28 am
PluckyDucky wrote:
Mon Mar 16, 2020 9:11 am
NTSX is showing down 17.6% right now with SPX only down 9.67% per Yahoo Finance.

:shock:
Not seeing what you're seeing
I'm not seeing it either...did it actually happen? That's a crazy spread and maybe we should be avoiding market orders....
by lexor
Mon Mar 16, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Pricing seems to be back to what one might expect. The volume of NTSX generally is very low I think. The spread is very wide. The best thing to keep an eye on, I believe, is the indicative intraday value. Could you explain? And where one might see this data? Pretty much any quote page should show t...
by lexor
Mon Mar 16, 2020 9:58 am
Forum: Investing - Theory, News & General
Topic: WisdomTree 90/60 U.S. Balanced Fund [NTSX]
Replies: 222
Views: 15484

Re: WisdomTree 90/60 U.S. Balanced Fund [NTSX]

Pricing seems to be back to what one might expect. The volume of NTSX generally is very low I think. The spread is very wide. The best thing to keep an eye on, I believe, is the indicative intraday value. Could you explain? And where one might see this data? Pretty much any quote page should show t...