|
Post by chang on Jan 7, 2023 15:26:25 GMT
"Yes; Bond funds can make 2% is a week, as they did last week, but they can also lose 32% is a year!"
A year? IOFIX lost 38.34% in a month. (https://finance.yahoo.com/quote/IOFIX?p=IOFIX&.tsrc=fin-srch)
|
|
|
Post by davidsherman on Jan 7, 2023 21:40:39 GMT
RPHIX is not a money market fund.
|
|
|
Post by FD1000 on Jan 7, 2023 21:44:07 GMT
That's really not cash. If you want to trade in/out, you can't do it. I never believed in holding cash for months-years, because I could always find better funds where to invest at 99+% of my portfolio. So, in my case MM is the only option that let me go in/out and trading big amounts. There is no way I would be satisfied with 4.5%. In just one week, YTD, many bond funds made over 2%. There is nothing special here. If MM pays over 4%, it means I can find funds that will make 6-7%. Sure, MM + notes are safer, while the ones I use fluctuate. I said it already last Nov-Dec, bond funds would do well in 2023, and if you know your bond funds, you can make over 10%.Actually at Schwab or E*Trade, TBills can be traded equivalent to cash. No so at TDA and only maybe at Fidelity or Vanguard. Yes; Bond funds can make 2% is a week, as they did last week, but they can also lose 32% is a year! So, the real challenge for investors is to identify an entry point. Are we there right now, or will we see seriously better prices in a few months or so? Trader talk isn't worth much. Thank-you I enter a sell order for my MM and immediately enter a buy order for fund XXXXX. Never had Tbill, can I do it with Tbills? If I buy it again would I get the same high yield? Losing 32%? When to trade? It depends on your style and capability. Do you want to hold for 1-3-10 years? Are you a trader? Did it work well for you in the past? I'm a trader, I don't use high-rated bond funds, because I can make much more with riskier funds, especially special funds. Never in my life I lost more than 3-4% with any bond fund while they had huge losses, because my max loss from any last top used to be 3%. I changed it to 1% since retirement in 2018. So, when to trade? see my thread. I used to post very close to my trades for years, but not anymore. Traders talk is worth a lot if you know how to do it. My 1-3-5 year track record is the proof.
|
|
|
Post by FD1000 on Jan 7, 2023 22:06:20 GMT
"Yes; Bond funds can make 2% is a week, as they did last week, but they can also lose 32% is a year!"A year? IOFIX lost 38.34% in a month. (https://finance.yahoo.com/quote/IOFIX?p=IOFIX&.tsrc=fin-srch) IOFIX lost about 45%, but LQD=IG corp, not HY, lost about 22%. That was a black swan crisis. You got to know when to hold them and when to fold them. Attachments:
|
|
|
Post by racqueteer on Jan 7, 2023 22:21:47 GMT
You got to know when to hold them and when to fold them. Have to note that this is also a line taken from "The Gambler" by Kenny Rogers!
|
|
|
Post by Fearchar on Jan 7, 2023 23:17:07 GMT
FD1000, I agree; trader talk is worth while if one is a trader. We have several very successful traders on these boards. However, I can not be a trader; hence it's pointless to give me trader tips. My employers network is not secure and are monitored very closely. So, my account credentials could be hacked by somebody in our IT group. Besides, I should be concentrating the job when I'm at work.
|
|
|
Post by FD1000 on Jan 7, 2023 23:29:15 GMT
Many of my trades are done on my cell.
|
|
|
Post by davidsherman on Jan 16, 2023 19:35:21 GMT
PHIX is not money market fund
|
|
|
Post by davidsherman on Jan 16, 2023 19:37:56 GMT
typo corrected...RPHIX is not a money market fund
|
|
|
Post by anitya on Jan 16, 2023 21:45:34 GMT
typo corrected...RPHIX is not a money market fund Hi davidsherman , On Jan 7, you posted, "RPHIX is not a money market fund." Curious, why you are repeating? chang , davidsherman , FD1000 , racqueteer , Fearchar , Those that are planning to invest in this fund as a place holder for investing later into something else, note the following from the fund's SAI - "You may redeem shares of the Funds on any day the NYSE is open, either directly as described in the Prospectus or through your financial intermediary. Transactions received, in good order, before the close of trading on the NYSE (usually 4:00 p.m. Eastern Time) will receive the net asset value on that day. Redemption proceeds generally will be sent to you within seven days of the receipt of the redemption request." prospectus-express.broadridge.com/summary.asp?doctype=sai&clientid=amtd&fundid=76882K702 Riverpark funds are normally settled T+I but the fund has the discretion to stretch it to T+7 upon redemption. Your brokerage may not be able to intervene if the fund exercises this discretion. The SAI does not say anything about lost time value of money. So, one should also be prepared to lose interest income for the additional days. A fund's discretion to stretch beyond the normal T+1 or 2 may not be unique to the Riverpark complex. (I am sure other posters can share their unique experiences re delays of redemption proceeds beyond the customary T+1 or 2.) I would read fund documents and not assume fund info disclosed in the research tab of your brokerage to be complete.
|
|
|
Post by FD1000 on Jan 17, 2023 4:41:05 GMT
typo corrected...RPHIX is not a money market fund Hi davidsherman , On Jan 7, you posted, "RPHIX is not a money market fund." Curious, why you are repeating? chang , davidsherman , FD1000 , racqueteer , Fearchar , Those that are planning to invest in this fund as a place holder for investing later into something else, note the following from the fund's SAI - "You may redeem shares of the Funds on any day the NYSE is open, either directly as described in the Prospectus or through your financial intermediary. Transactions received, in good order, before the close of trading on the NYSE (usually 4:00 p.m. Eastern Time) will receive the net asset value on that day. Redemption proceeds generally will be sent to you within seven days of the receipt of the redemption request." prospectus-express.broadridge.com/summary.asp?doctype=sai&clientid=amtd&fundid=76882K702 Riverpark funds are normally settled T+I but the fund has the discretion to stretch it to T+7 upon redemption. Your brokerage may not be able to intervene if the fund exercises this discretion. The SAI does not say anything about lost time value of money. So, one should also be prepared to lose interest income for the additional days. A fund's discretion to stretch beyond the normal T+1 or 2 may not be unique to the Riverpark complex. (I am sure other posters can share their unique experiences re delays of redemption proceeds beyond the customary T+1 or 2.) I would read fund documents and not assume fund info disclosed in the research tab of your brokerage to be complete. Other funds have that discretion, never in my life, I experienced that.
|
|
|
Post by FD1000 on Jan 17, 2023 4:48:37 GMT
Very good FD1000 , Hate to continue OT, but obviously I need to hone my search skills to more than just Google! Anyhow, my cash collection is currently averaging 4.53% to maturity. There is one small 7yr note that I'm including in the tally, but otherwise everything matures by 7/6/23. That's really not cash. If you want to trade in/out, you can't do it. I never believed in holding cash for months-years, because I could always find better funds where to invest at 99+% of my portfolio. So, in my case MM is the only option that let me go in/out and trading big amounts. There is no way I would be satisfied with 4.5%. In just one week, YTD, many bond funds made over 2%. There is nothing special here. If MM pays over 4%, it means I can find funds that will make 6-7%. Sure, MM + notes are safer, while the ones I use fluctuate. I said it already last Nov-Dec, bond funds would do well in 2023, and if you know your bond funds, you can make over 10%.In just 2 weeks, several HY Munis funds made over 4%.
|
|
|
Post by anitya on Jan 17, 2023 8:43:13 GMT
Hi davidsherman , On Jan 7, you posted, "RPHIX is not a money market fund." Curious, why you are repeating? chang , davidsherman , FD1000 , racqueteer , Fearchar , Those that are planning to invest in this fund as a place holder for investing later into something else, note the following from the fund's SAI - "You may redeem shares of the Funds on any day the NYSE is open, either directly as described in the Prospectus or through your financial intermediary. Transactions received, in good order, before the close of trading on the NYSE (usually 4:00 p.m. Eastern Time) will receive the net asset value on that day. Redemption proceeds generally will be sent to you within seven days of the receipt of the redemption request." prospectus-express.broadridge.com/summary.asp?doctype=sai&clientid=amtd&fundid=76882K702 Riverpark funds are normally settled T+I but the fund has the discretion to stretch it to T+7 upon redemption. Your brokerage may not be able to intervene if the fund exercises this discretion. The SAI does not say anything about lost time value of money. So, one should also be prepared to lose interest income for the additional days. A fund's discretion to stretch beyond the normal T+1 or 2 may not be unique to the Riverpark complex. (I am sure other posters can share their unique experiences re delays of redemption proceeds beyond the customary T+1 or 2.) I would read fund documents and not assume fund info disclosed in the research tab of your brokerage to be complete. Other funds have that discretion, never in my life, I experienced that. FD1000, I already said it may not be unique to Riverpark complex.* May be it would be useful to others if you are not dismissive of things just because you have not experienced them yet. May be you should have waited for David Sherman (who is copied here) to say that their funds have always remitted redemption proceeds in T+1 or no later than T+2, notwithstanding the language in their document. You should know by now that I do not post to get attention to myself or increase the number of posts. * Rather than a blanket discretion (shown above in bold) which is not common, other funds tend to write this more nuanced. E.g., "Redemption proceeds will ordinarily be sent to you within one business day after the redemption request, but may take up to seven days." So, a fund with the nuanced language would have to show what out of the ordinary circumstance was encountered not to be able to send proceeds within T+1. The one with the blanket discretion just has that because it intends to exercise it when it chooses and does not owe an explanation to the shareholder.
|
|
|
Post by FD1000 on Jan 17, 2023 17:01:37 GMT
Other funds have that discretion, never in my life, I experienced that. FD1000, I already said it may not be unique to Riverpark complex.* May be it would be useful to others if you are not dismissive of things just because you have not experienced them yet. May be you should have waited for David Sherman (who is copied here) to say that their funds have always remitted redemption proceeds in T+1 or no later than T+2, notwithstanding the language in their document. You should know by now that I do not post to get attention to myself or increase the number of posts. * Rather than a blanket discretion (shown above in bold) which is not common, other funds tend to write this more nuanced. E.g., "Redemption proceeds will ordinarily be sent to you within one business day after the redemption request, but may take up to seven days." So, a fund with the nuanced language would have to show what out of the ordinary circumstance was encountered not to be able to send proceeds within T+1. The one with the blanket discretion just has that because it intends to exercise it when it chooses and does not owe an explanation to the shareholder. I'm not dismissive. Just stated facts. All I said was, that it never happened to me. Just to add more context: I started investing in 1995. Since 2000, I became more of a trader based on my system. I may hold days to years. I easily traded over 100 OEFs. Several of the them from small shops, and several unique and risky. Several had the same discretion. I never had to wait 7 days. That isn't a guarantee about any fund you may own in the future. I'm putting you on ignore.
|
|
|
Post by anitya on Jan 17, 2023 23:01:45 GMT
FD1000, I already said it may not be unique to Riverpark complex.* May be it would be useful to others if you are not dismissive of things just because you have not experienced them yet. May be you should have waited for David Sherman (who is copied here) to say that their funds have always remitted redemption proceeds in T+1 or no later than T+2, notwithstanding the language in their document. You should know by now that I do not post to get attention to myself or increase the number of posts. * Rather than a blanket discretion (shown above in bold) which is not common, other funds tend to write this more nuanced. E.g., "Redemption proceeds will ordinarily be sent to you within one business day after the redemption request, but may take up to seven days." So, a fund with the nuanced language would have to show what out of the ordinary circumstance was encountered not to be able to send proceeds within T+1. The one with the blanket discretion just has that because it intends to exercise it when it chooses and does not owe an explanation to the shareholder. I'm not dismissive. Just stated facts. All I said was, that it never happened to me. Just to add more context: I started investing in 1995. Since 2000, I became more of a trader based on my system. I may hold days to years. I easily traded over 100 OEFs. Several of the them from small shops, and several unique and risky. Several had the same discretion. I never had to wait 7 days. That isn't a guarantee about any fund you may own in the future. I'm putting you on ignore. Great, what a relief. Let me know what I owe you for this favor. May be now I can post and have a conversation with others without having to deal with your misinformation and side tracking threads. You continually trashing this forum has caused many old timers to be infrequent visitors here or they permanently left. Before dissing others ask them for clarification and may be they will share information you did not know. Of course, that requires some humility of not knowing everything.
|
|
|
Post by davidsherman on Jan 20, 2023 17:26:13 GMT
Folks on the bard make a comparison of RPHIX to money market. Although several have pointed out the liquidity, MM Funds and RPHIX buy very different underlying securities. I do not think RPHIX should be consider as an investment tool as a checking account. Yet, money markets may be more representative of checking accounts and some offer check writing ability. Hope that clarifies my response.
|
|