Bogleheads.org

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https://www.barrons.com/articles/4-stocks-have-trillion-dollar-values-whos-next-51593862201 4 companies currently have trillion dollar valuations. Less than 2 years ago, Apple was the first trillion dollar company. Microsoft, Amazon and Google are also in the list. Facebook and a few other companies...

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Congrats on all your achievements. Must not have been easy. Since the kids are doing well, and thriving, it's perhaps best to accept that that they will make some financial and non-financial decisions along the way that you may not be comfortable with. But these will be life lessons which will help ...

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What if an investor missed the five worst days? By how much would they have beaten a buy and hold strategy? What are the odds that an investor just happened to miss the five best days while being invested on every other day? This is all old stuff. The odds of missing "just" the five best ...

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3. There are no signals to help decide when to get in or get out. This line refers to one person's opinion, cited in the article: “There were no flashing signals that those were the days that were going to see huge upside,” said Chris Gaffney, president of world markets at TIAA Bank. “If you look b...

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https://www.bloomberg.com/news/articles/2020-07-03/the-cost-of-bad-market-timing-decisions-in-2020-was-annihilation Dramatic headline, and the article maybe behind a paywall. Summary: 1. Missing 5 of the best days in the stock market 2020 would have resulted in a 30% loss, versus a break even with s...

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https://www.theverge.com/21310442/tv-streaming-youtube-fubo-price-increases-carrier-fees-disputes-costs-cable-television It does seems like cable and streaming live TV options will continue to become more expensive over time, as they have little to no leverage in pricing with the content providers. ...

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https://www.wsj.com/articles/hedge-fund-star-john-paulson-calls-it-quits-11593637778 The article is behind a paywall. Mr. Paulson’s decision had been telegraphed as assets at his firm fell and returns declined, and investors have been leaving his funds for years (perhaps for index funds?). Paulson r...

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It's amazing that live sports and broadcast TV are still able to charge premium prices even with the rapid rise of Netflix, Amazon and other cheaper and content rich "on demand" streaming services. As more folks choose to leave live TV cable/streaming services, I wonder if the customers wh...

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Google has raised the price of Youtube TV by 30% to $64.99/month. :shock: oh h#ll no. Throw in taxes, prob $70-75 a month? Nope, that’s the other distance between streaming and cable. Up to this point (and until the end of August, apparently), my entire YTTV bill has been exactly $49.99. Or about 5...

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Google’s comparison of the options for live TV. It does not Include a comparison with bundles of internet and TV.

https://tv.youtube.com/welcome/

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For live sports, the delay and latency with streaming services even with a high speed connection is definitely noticeable due to the number of internet hops from the TV to the service aggregator, and then to the actual service itself. Cable providers are better for live sports. If I understand your...

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For live sports, the delay and latency with streaming services even with a high speed connection is definitely noticeable due to the number of internet hops from the TV to the service aggregator, and then to the actual service itself. Cable providers are better for live sports.

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For new subscribers, the price hike is effective tomorrow. For existing subscribers it’s your next billing date on or after July 30th. I expect Google to notify subscribers shortly.

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Google has raised the price of Youtube TV by 30% to $64.99/month. Late last year it was increased by 25% from $39.99 to $49.99. It's a good service, but the constant price increases make it less appealing.

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1. Taking a huge personal risk, and coming to the US for graduate studies
2. Marrying someone way smarter than me
3. Being opportunistic with career choices
4. Finding this site, and learning from the brilliant folks here

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Perhaps it's because hedge funds want order flow from people who are day trading various stocks and options based on "news" or social media noise, not investors that systematically contribute monthly into broad index funds and don't sell until they retire. I find it amusing how government...

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A comparison of the payments from third parties for trades directed to them from broker platforms. It’s not clear from the article why Robinhood is able to charge a higher payment per transaction compared to the other brokers.
https://apple.news/A25ocN2vrTheRdcQtwEHbrA

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https://www.forbes.com/advisor/investing/robinhood-bankrupt-hertz/ The article talks about frictionless, no commision trading and the gamification of stock buying in the Robinhood mobile app. Anonymized data on its users stock holdings are provided by Robinhood to third party sites which then track ...

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Happy birthday, Mel and many happy returns! Thanks for all your efforts - much appreciated!

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This does seem to happen fairly often with ETN’s. Staying away from these products is probably best.
viewtopic.php?t=316431

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The more click-baity the headline, the more views I guess. Certainly, the 100 year cycles are preposterous, and the comparisons to centuries ago are a big stretch.

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ETN's linked to the VIX, and other ETN's are being delisted by Credit Suisse, but may still trade OTC(?). If TVIX as an example was used as a hedge, would it be the best course of action be to sell now before the delisting ? https://finance.yahoo.com/news/credit-suisse-says-delist-volatility-1524309...

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FWIW. As the stock market rises, and targets from analysts are raised to keep with the trend, here is a some history on past cycles. Not sure how accurate the history lesson here is. "Will a bubble in the roaring 2020s mimic the bubbles of the 1720s, 1820s and 1920s? Only time will tell…" ...

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I had the same reaction. Its is a 100 trillion market worldwide for bonds, and there does not seem to be a compelling reason now for it not to completely electronic. The spikiness of some of municipal and corporate bond ETF's in March could have been due to the fact that with fewer transactions and ...

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Yes, definitely more complexity in the bond market. Electronic trading and marketplace platforms have evolved greatly, and can handle 1000's of transactions per second now and have the ability to handle spikes under extreme conditions, which is probably why a larger percentage trades are now being h...

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The treasury market is the deepest, most liquid market in the world. It is unlike any other bond market. Treasury ETFs were trading at a small premium to NAV when corporate bond ETFs were having issues. Thanks - that is definitely true. From this Wikipedia article (https://en.wikipedia.org/wiki/Bon...

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https://www.reuters.com/article/us-health-coronavirus-bond-trading-insig-idUSKBN23T0MP It appears that a large percentage of trades (~ 50%) in the bond market are still done manually. The need for liquidity and price transparency is driving more of the bond trades to be electronic via trading platfo...

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The treasury market is the deepest, most liquid market in the world. It is unlike any other bond market. Treasury ETFs were trading at a small premium to NAV when corporate bond ETFs were having issues. Thanks - that is definitely true. From this Wikipedia article (https://en.wikipedia.org/wiki/Bon...

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The pricing of bonds during downturns appears to not be efficient. Treasuries did not have this problem. Au contraire: https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/09/bond-market-malfunctioning-part-of-uncharted-times-for-sure.html That lasted one trading day. Treasury ETFs and mutual fund...

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The pricing of bonds during downturns appears to not be efficient. Bond ETF's are actually more reflective of the actual near real time trades, and they experienced significant swings during the March downturn due to liquidity. The downturn in March was short lived, and in the case of a more prolong...

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In these two articles, a Barrons columnist writes about his personal journey with tax efficient placements, asset allocation and behavioral finance. Key takeaway is what is often said in this forum to have a sizable emergency fund. "Anything you need to spend in the next few years should be in ...

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Not that I would do anything different from an asset allocation perspective, as the consequences in a downturn for the different asset classes are probably going to be correlated. I do however think the reduction in friction due to technology changes with easy and no cost online trading (it's easier...

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Its interesting that stock mutual fund/etf's are so efficiently priced, but not so for bond funds/etf's during downturns. FWIW, the pricing of bond ETFs is incredibly efficient, much more so than bond funds. ESPECIALLY during tumultuous markets. The issues is that the underlying bonds sometimes are...

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If you do want to rebalance or buy bonds to meet your asset allocation goals, then opportunities like the inefficient pricing of bonds during the March downturn are a good entry point. Not from a gaming perspective, but if you are buying the timing may be important. Since bond etfs/funds yields are ...

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This does appear to be a structural problem, and I think will repeat in the next downturn. It also appears that this issue has been around even during the GFC, and prior to that. https://www.institutionalinvestor.com/article/b1lzm2xd019qjq/Bonds-Markets-Descended-Into-Chaos-Now-Pros-Are-Calling-for-...

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Is this not one of reasons to diversify internationally to reduce specific currency risk ? Not just the USD, but if you do choose to concentrate a portion of your portfolio in a specific country, you are exposed to the risk of that currency. Would VT instead of VTI reduce this risk ?

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Does it become more behaviorally difficult to "stay the course" as you get older ? At times, and older person may feel like they were fortunate to have stayed the course and done well in previous downturns, but as their net worth and the stakes have become higher they may choose to do som...

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Does it become more behaviorally difficult to "stay the course" as you get older ? At times, and older person may feel like they were fortunate to have stayed the course and done well in previous downturns, but as their net worth and the stakes have become higher they may choose to do some...

pcsrini

Ignore the noise, and stay the course. Time in the market is more important than trying to time the market. 100% in agreement. Of late, both on the threads here, and the noise externally, there is a lot of focus on day trading and how its perhaps impacting the market. I don't remember the press talk...

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The author did not specifically define right, but one obvious insight: "While the most-expensive stocks have gotten far more expensive—the average valuation has risen from 26.3 times to 38.3 times—the average for the remainder of the market hasn’t changed much. It’s 14.5 times versus 13.2 times...

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FWIW, a prediction from JPMorgan after yesterday's sell off. This is the most upbeat prediction I have read thus far .. "Global stocks could soar 47% from current levels as recent sell-off rejuvenates the bull market, JPMorgan says" https://markets.businessinsider.com/news/stocks/stock-mar...

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https://www.forbes.com/sites/simonmoore/2020/06/10/do-day-traders-drive-the-market-now/ Zero commission trading, low margin rates, and more time for trading working from home. This in addition to the Fed supporting the markets. The article compares this current time to 1999 when day trading was popu...

pcsrini

Thanks again - appreciate your detailed response and educating me on this subject. Since this has been happening for a while now, and with the increased popularity of bond ETF's, I would expect this to repeat during the next downturn. But like you said, it's best to just buy according to your IPS an...

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Thanks, alex_686. It appears that bond mutual funds and etfs, even for the larger broad based funds are highly inefficient during a downturn/crisis. If I look at the charts for BND, CMF, VTEB over the past few years there were opportunities to buy these funds at a discount. Given that interest rates...

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During the downturn in March, broad market bond etf's (especially muni and corp etfs) had some big swings intraday, and the explanation was that this was caused by liquidity issues as investors wanted to sell their etfs. Here is a bit more of a detailed explanation on how bond mutual fund nav's and ...

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https://www.bloomberg.com/news/articles ... g-but-dumb

“Retail money has learned their lesson, stay allocated, don’t worry about the market jumping all over the place, stick to the program,”

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https://www.barrons.com/articles/the-st ... 1591404611

Key takeaways:

1. the stock market is a leading indicator
2. PPP encouraged rehiring which is reflected in the jobs data
3. Value may do well going forward
4. Markets don't go up forever, but they are always right

pcsrini

The CEO's of Microsoft, Mastercard, and Adobe all went to the same private school. It's called the Hyderabad Public school, which is a misnomer, because it is privately funded. For folks who grew up in India, the schools varied greatly, and there were exceptional schools at the top end, and really b...

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It appears that ETF's more often will execute reverse splits as a hail mary step before liquidation. From the article below, an investment of $450,000 in UVXY (1.5 VIX short term) when the ETF was first started in 2011 was worth $100 earlier this year. The advice is to look at the history of reverse...

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The difference could be that you could "buy and hold" your ETF, waiting for the market to recover. It seems like the investors in these ETN's were not aware that the bank could redeem the note at any point, and the bank could recreate the ETN at a later date. Mutual funds can be liquidate...

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