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SCHY
Nov 21, 2021 16:45:18 GMT
Post by rhythmmethod on Nov 21, 2021 16:45:18 GMT
You lost me on that one, but I'll assume you don't like holding or selling it 😂
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Post by steelpony10 on Nov 21, 2021 18:49:10 GMT
rhythmmethod , Cree for take small steps. I’ve come to recognize and accept many don’t invest for material gain so I try to keep my mouth shut. Some people get mad if you ask too many questions or make comments. Of course I slip now and then. 🪓 🦃
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SCHY
Nov 21, 2021 20:06:46 GMT
Post by rhythmmethod on Nov 21, 2021 20:06:46 GMT
Yeah, I kinda found that after some digging. steelpony10 . I don't get insulted, just trying to understand. Now my vegan friends might get insulted by your emoji 🤣
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Deleted
Deleted Member
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Post by Deleted on Nov 21, 2021 20:42:26 GMT
Sorry if it appears like I'm beating a dead horse here. SCHY seems like a slow bleed, currently. Usually in a situation like this I would add more, if I had conviction. I'm down ~2%. As others have pointed out, SCHY appears to have a 4+% dist. but I haven't seen that yet. To bring another topic into play, I'm basically of the opinion that bonds are looking like they are too beaten. I'm considering rolling most of SCHY into VGWAX( a core holding) and letting managers decide how much Int LCV to hold and increase my FI side as well. I'd probably add a little to FMSDX (also core with a good int %) and a little to FI CEF de jour to get some real (not perceived) yield. Thoughts? If you hold in taxable, Vanguard doesn't pass on foreign taxes paid for mutual funds with less than 50% foreign holdings. Although I haven't read the prospectus for SCHY, my guess is it probably does report foreign taxes paid, which you can claim as a credit and reduce your income taxes by an equal amount.
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SCHY
Nov 22, 2021 12:41:45 GMT
Post by Chahta on Nov 22, 2021 12:41:45 GMT
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SCHY
Nov 22, 2021 15:05:37 GMT
Post by steelpony10 on Nov 22, 2021 15:05:37 GMT
Chahta , No not really. My mother was Métis. So 1/4, 1/4 French, 1/2 Russian descent. Canadian/American. My mom’s brothers were teaching me to track by taking slow small steps on the sides of your feet to minimize noise any trail or scent.
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Post by Capital on Nov 22, 2021 18:29:03 GMT
Chahta , No not really. My mother was Métis. So 1/4, 1/4 French, 1/2 Russian descent. Canadian/American. My mom’s brothers were teaching me to track by taking slow small steps on the sides of your feet to minimize noise any trail or scent. Dang all you folks here with a nice pedigree. Heck I'm darn sure I'm 99.99999% prime Tennessee Mutt. ... and we don't even want to think about, nor discuss, that other 0.00001% under no circumstances.
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Post by steelpony10 on Nov 22, 2021 20:16:08 GMT
Chahta , No not really. My mother was Métis. So 1/4, 1/4 French, 1/2 Russian descent. Canadian/American. My mom’s brothers were teaching me to track by taking slow small steps on the sides of your feet to minimize noise any trail or scent. Dang all you folks here with a nice pedigree. Heck I'm darn sure I'm 99.99999% prime Tennessee Mutt. ... and we don't even want to think about, nor discuss, that other 0.00001% under no circumstances. Capital, I’m stuck with a bunch of Québécois. Those people are nuts. I’d fit right in with you sons of the hill country. 🇨🇦/🇺🇸
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Post by Capital on Nov 22, 2021 21:02:01 GMT
Dang all you folks here with a nice pedigree. Heck I'm darn sure I'm 99.99999% prime Tennessee Mutt. ... and we don't even want to think about, nor discuss, that other 0.00001% under no circumstances. Capital, I’m stuck with a bunch of Québécois. Those people are nuts. I’d fit right in with you sons of the hill country. 🇨🇦/🇺🇸 steelpony10 come on down (or up) - we still got a few places on the Hill we can trench you out a flat place to build you a lean-to.
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Post by steelpony10 on Nov 22, 2021 21:48:06 GMT
I’ll need enough room for our staff and a small airstrip also. Retirement ain’t cheap you’ll someday come to know.
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Post by chang on Nov 23, 2021 8:11:26 GMT
Sorry if it appears like I'm beating a dead horse here. SCHY seems like a slow bleed, currently. Usually in a situation like this I would add more, if I had conviction. I'm down ~2%. As others have pointed out, SCHY appears to have a 4+% dist. but I haven't seen that yet. To bring another topic into play, I'm basically of the opinion that bonds are looking like they are too beaten. I'm considering rolling most of SCHY into VGWAX( a core holding) and letting managers decide how much Int LCV to hold and increase my FI side as well. I'd probably add a little to FMSDX (also core with a good int %) and a little to FI CEF de jour to get some real (not perceived) yield. Thoughts? Please let me know if you make the roll into VGWAX. I am also discouraged by SCHY. Admittedly I have *always* favored growth in my international holdings, for reasons I have stated often. Hence, SCHY (and VGWAX) are anomalies for me. But for the reasons you imply, VGWAX might be the better play. The numbers will tell the story, and I will be looking hard at the end of the year. My SCHY holding is more or less flat, so there would be neither a significant CG hit nor tax loss benefit if I choose to sell. The only thing is, if I sold it, it would probably start to explode upward right after that.
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SCHY
Nov 23, 2021 10:29:57 GMT
Post by Capital on Nov 23, 2021 10:29:57 GMT
I’ll need enough room for our staff and a small airstrip also. Retirement ain’t cheap you’ll someday come to know. Well OK - a decade of so back a mining company blew the top off of the next hill over. We can't land a jet liner over there but there's plenty room for a business jet to land. You can buy that whole hill for $150 an acre and there is plenty room on it now for a whole passel of folks to move in. You can even get your hair turned purple like all the young folks like for no additional cost. Might take a month or two for the chemicals to do their work so you need to be patient. Even better the Government folks say that in 50-60 years the stuff that made the others move will be washed out of the soil and the place will be worth a whole lot more. We got plenty of deals down here just come on down. Check with Chahta he lives closer than me to some of the most prime East Tennessee real estate that exists. Be aware that there are some hollows that you can move in to; and, there are some that you cannot even drive thru. Check with the town folks for the local customs. They will know. Best bet for that information is the local Sheriff. If he won't patrol it nobody else should visit it.
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Post by richardsok on Nov 23, 2021 12:35:40 GMT
Sorry if it appears like I'm beating a dead horse here. SCHY seems like a slow bleed, currently. Usually in a situation like this I would add more, if I had conviction. I'm down ~2%. As others have pointed out, SCHY appears to have a 4+% dist. but I haven't seen that yet. To bring another topic into play, I'm basically of the opinion that bonds are looking like they are too beaten. I'm considering rolling most of SCHY into VGWAX( a core holding) and letting managers decide how much Int LCV to hold and increase my FI side as well. I'd probably add a little to FMSDX (also core with a good int %) and a little to FI CEF de jour to get some real (not perceived) yield. Thoughts? rm -- When we last visited this topic on Nov 4, you still had mildly bullish indicators. Since then, using two very simple technicals, SCHY had an initial "sell" on Nov 9 that was confirmed a couple of days later. Now you are down at 25, approaching 24, level of previous double-support. So: (A) If you're willing to risk another 4% of your capital, you might hold to see if SCHY bounces off 24 and rallies. If it breaks through 24, that's considered a screaming SELL. (B) The alternative would be to harvest your tax loss right here and buy something similar .... or at least watch the charts. Technical discipline isn't optimally effective here b/c SCHY is simply too volatile. If you opt for (B) I would surely suggest you look for a quieter ETF to replace SCHY. Whatever else you buy, the key to my thinking is to SELL AT ONCE whenever the signals turn against you. If absolutely determined to buy a high-volatility asset, you might attempt to IGNORE the price chart altogether and TRADE THE SLOPE OF THE 8-DAY MOVING AVERAGE.Right now you're in the classic "I'm down - should I sell?" question...... in any similar situation, we all mix frustration, uncertainty and disappointment emotional biases into our investment activities -- a witch's brew for making poor choices. Now, I'm no great shakes in choosing funds to buy. Fully 50% of my new buys might be down in the first couple of days! BUT -- if I limit myself to low-volatility assets and I act PROMPTLY on simple technicals without delay or second-guessing -- my losses will tend to be MUCH smaller than my gainers. Some guys have very shrewd instincts. They can almost smell winners. I'm not one of them. Though frequently wrong, I'm never VERY wrong b/c I limit myself to quiet charts and act when my signals indicate. I want stock charts that turn like ocean liners -- not like kangaroos, so when I do see a turn I have quite a good idea of where the future is likely headed. So, I don't have a solution for your SCHY that will turn it into a winner for you. But I would suggest, one way or another, get past SCHY and try to apply objective discipline. I think you'll do better. Good luck. Copy & paste for chart with basic signals: url.com/l91gL2
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Post by uncleharley on Nov 23, 2021 13:06:19 GMT
I would like to add that if you guys are going to start posting in code, my next chart will be in Norwegian. lol
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Post by Chahta on Nov 23, 2021 13:19:25 GMT
Well OK - a decade of so back a mining company blew the top off of the next hill over. We can't land a jet liner over there but there's plenty room for a business jet to land. You can buy that whole hill for $150 an acre and there is plenty room on it now for a whole passel of folks to move in. You can even get your hair turned purple like all the young folks like for no additional cost. Might take a month or two for the chemicals to do their work so you need to be patient. Even better the Government folks say that in 50-60 years the stuff that made the others move will be washed out of the soil and the place will be worth a whole lot more. We got plenty of deals down here just come on down. Check with Chahta he lives closer than me to some of the most prime East Tennessee real estate that exists. Be aware that there are some hollows that you can move in to; and, there are some that you cannot even drive thru. Check with the town folks for the local customs. They will know. Best bet for that information is the local Sheriff. If he won't patrol it nobody else should visit it. I only live where common old folks do. But you, on the other hand, live near Franklin where the best and brightest guitar pickers are. Not TN mutts but TN Royalty.
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Post by richardsok on Nov 23, 2021 14:42:19 GMT
OK, Holidays are coming. I'm going to spill one of my secrets.
Here's a technique for using technicals to better trade higher-volatility ETFs.
In my last post I suggested trying to ignore the price chart altogether and attempt to trade on the SLOPE of the 8-day moving average. EASIER SAID THAN DONE, of course; our eyes and our attention are immediately drawn and fixed upon that true price chart. Can't help not to.
Fortunately, I discovered some years back that yahoo.com lets you "fade out" the price chart line to practically invisible, so you don't see it at all! Below is the exact same chart of SCHY I posted an hour ago, except this chart has faded-out SCHY price line and you only see the 8-day MA, the 15-day MA and the P-SAR.
Now you have an effective technical chart with three actionable signals: A) The SLOPE of the 8-DMA B) The 8-DMA / 15-DMA crossover C) The PSAR
Over time, it is very effective for ETFs that are not likely to hit you with an "earnings surprise" or other massive black swan event. The only other time it disappoints is if your ETF is trading within a tight, flat level.
See it here and compare it with my earlier SCHY chart.
url.com/Sxt0V_
Happy Thanksgiving, guys.
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SCHY
Nov 23, 2021 14:52:31 GMT
Post by rhythmmethod on Nov 23, 2021 14:52:31 GMT
Sorry if it appears like I'm beating a dead horse here. SCHY seems like a slow bleed, currently. Usually in a situation like this I would add more, if I had conviction. I'm down ~2%. As others have pointed out, SCHY appears to have a 4+% dist. but I haven't seen that yet. To bring another topic into play, I'm basically of the opinion that bonds are looking like they are too beaten. I'm considering rolling most of SCHY into VGWAX( a core holding) and letting managers decide how much Int LCV to hold and increase my FI side as well. I'd probably add a little to FMSDX (also core with a good int %) and a little to FI CEF de jour to get some real (not perceived) yield. Thoughts? rm -- When we last visited this topic on Nov 4, you still had mildly bullish indicators. Since then, using two very simple technicals, SCHY had an initial "sell" on Nov 9 that was confirmed a couple of days later. Now you are down at 25, approaching 24, level of previous double-support. So: (A) If you're willing to risk another 4% of your capital, you might hold to see if SCHY bounces off 24 and rallies. If it breaks through 24, that's considered a screaming SELL. (B) The alternative would be to harvest your tax loss right here and buy something similar .... or at least watch the charts. Technical discipline isn't optimally effective here b/c SCHY is simply too volatile. If you opt for (B) I would surely suggest you look for a quieter ETF to replace SCHY. Whatever else you buy, the key to my thinking is to SELL AT ONCE whenever the signals turn against you. If absolutely determined to buy a high-volatility asset, you might attempt to IGNORE the price chart altogether and TRADE THE SLOPE OF THE 8-DAY MOVING AVERAGE.Right now you're in the classic "I'm down - should I sell?" question...... in any similar situation, we all mix frustration, uncertainty and disappointment emotional biases into our investment activities -- a witch's brew for making poor choices. Now, I'm no great shakes in choosing funds to buy. Fully 50% of my new buys might be down in the first couple of days! BUT -- if I limit myself to low-volatility assets and I act PROMPTLY on simple technicals without delay or second-guessing -- my losses will tend to be MUCH smaller than my gainers. Some guys have very shrewd instincts. They can almost smell winners. I'm not one of them. Though frequently wrong, I'm never VERY wrong b/c I limit myself to quiet charts and act when my signals indicate. I want stock charts that turn like ocean liners -- not like kangaroos, so when I do see a turn I have quite a good idea of where the future is likely headed. So, I don't have a solution for your SCHY that will turn it into a winner for you. But I would suggest, one way or another, get past SCHY and try to apply objective discipline. I think you'll do better. Good luck. Copy & paste for chart with basic signals: url.com/l91gL2 Thanks, richardsok, I really appreciate your thoughtful reply. You make excellent points. To that I'll add (mostly for me to organize my thoughts) I hold 55+% of my port want what I call core positions. These are usually managed funds like VGWAX, VWIAX, FMSDX, VTMFX and my FI OEF funds. I hope these managers are managing with more skill than I can muster, and certainly more time than I want to spend. With these I hope never to sell and trade only within them to increase/decrease risk. Under those I hold core + what are equity funds and a smattering of individual equities; SCHD, PRWAX, PRGSX, MSFT, AMZN, APPL and a few others. I was hoping that SCHY might live in that area based on the success of SCHD. I was underweight (by a lot) of LCV and the perceived yield was attractive. It now appears that SCHY is looking more like my 'spec' holdings which include smaller caps and my small, but growing stable of FI CEFS. (perhaps another discussion sometime on those). My frustration with SCHY is that doesn't fit in the jigsaw puzzle as I'd hoped and I'm having trouble now defining why I hold it exception for diversification (or worseification as some would say) I'm temped to harvest the tax loss and reallocate to a managed fund(s) and add some to FI CEF for income. OT - what about PDI?? It seems to be behaving as some might have expected. Thanks again and I will copy and past the chart and check in with questions. Stay well! - rm
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Post by anitya on Nov 23, 2021 15:26:47 GMT
I am posting on this thread because I may have reported buying an experimental position in SCHY soon after this thread started. A few weeks ago I folded it into my main International holding. I had opened a position in EWU in March 2020, the so called cheapest developed market, and made money but has been uninspiring most of this year. Folded that too. If I do not do regrettable stuff then there is no need for regret minimization. Some stuff takes off right after I sell - if my reasoning for selling is good, I do not look back. There is plenty of fish. Still holding my energy widgets that I had been admonished for in the forum. Thanks to richardsok for the tip on Ford. It is my best performer this year, along with energy plays. My core US equities have been doing well for years. I have experimented with a few International stuff this year that have not worked. Looking forward to rise in interest rates so there will be less need for equity experimentation.
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Deleted
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Post by Deleted on Nov 23, 2021 15:39:52 GMT
I sold SCHY sometime back. Had very little. It was not going anywhere. I have International (non EM) exposure now via American funds New Perspective and MDILX (BlackRock International Fund)
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Post by Capital on Nov 24, 2021 10:05:01 GMT
Capital , A jet? Small airstrip = surplus helicopter. The kind you use for quick grocery stops in the winter when fresh produce and roads are under 6’ of snow. Scurvy is nasty. As far as SCHY my question is always why? The standard answer is to minimize risk. To which I reply risk of what? Seems to me I’d be adding more risk. I understand the need to diversify to a point. I could have stuck with my three original stocks and bought Nashville but I’d be stuck with the Honky-Tonk District and the Parthenon, too risky. Wisely I chose to get way ahead of the three unknowns as far as possible instead and all my eggs fit in a small basket safe, secure and easy to handle. steelpony10 , I do not know much about SCHY being more of an iShares and Fidelity consumer; however, it appears to be somewhat close to IDV which I have had in my taxable account for quite a few years. There are worse places to buy than the Honky-Tonk District on Lower Broad in Nashville. That is actually a very high rent district. Of course what was only a few years ago considered blighted areas have been rebuilt and become high rent districts of their own in Nashville. We bought here 24 years ago and our house is now worth about 4-5 times what we paid for it. Right now it is still home and close to where we need to go. Saves a lot in gas - I can drive my 4-cylinder for 3-4 weeks between fill-ups. As for investing I'm becoming somewhat more like what you sound like. I do Mutual Funds and ETFs and fewer of those as I go on. I'm making things in life just a bit less complicated in all ways.
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Post by chang on Nov 26, 2021 7:22:53 GMT
Have you looked at the EUR/USD, GBP/USD and JPY/USD exchange rates? They’ve really plummeted recently. I don’t know why the dollar is so strong. These currencies have been going down steadily for a full year.
How long can this trend continue? Not forever. Hence, the contrarian in me thinks selling unhedged foreign stocks now would be a mistake. (If I had to, I might possibly replace it with unhedged foreign bonds.)
As usual, I have no clue what’s happening, what’s going to happen, or why. So I am just holding and not doing much of anything.
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SCHY
Nov 26, 2021 20:33:44 GMT
chang likes this
Post by rhythmmethod on Nov 26, 2021 20:33:44 GMT
Have you looked at the EUR/USD, GBP/USD and JPY/USD exchange rates? They’ve really plummeted recently. I don’t know why the dollar is so strong. These currencies have been going down steadily for a full year. How long can this trend continue? Not forever. Hence, the contrarian in me thinks selling unhedged foreign stocks now would be a mistake. (If I had to, I might possibly replace it with unhedged foreign bonds.) As usual, I have no clue what’s happening, what’s going to happen, or why. So I am just holding and not doing much of anything. Thanks for the insight. I spent some time going over the top 10 holdings of SCHY, not a deep dive, but peripheral check on M* and Barron's. These are all quality stocks that are mostly undervalued. I'm wondering if Europe being behind the curve on CV has made any difference?? Anyway for the reasons you mentioned and the fact that I have a bit more conviction on the underlying holdings of SCHY I've decided to hold a while longer. Usually if a holding is screaming at me "do something", the best action is to do nothing. However, if a dividend payment doesn't happen within a few months I'll be pretty frustrated as I did consider it a potential income generator.
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hb1
Ensign
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Post by hb1 on Nov 26, 2021 21:36:16 GMT
However, if a dividend payment doesn't happen within a few months I'll be pretty frustrated as I did consider it a potential income generator. SCHY dividends are paid twice a year. According to link the Ex-date is 12/8 and pay date is 12/13 for their Q4 distribution.
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Post by rhythmmethod on Nov 26, 2021 23:24:01 GMT
However, if a dividend payment doesn't happen within a few months I'll be pretty frustrated as I did consider it a potential income generator. SCHY dividends are paid twice a year. According to link the Ex-date is 12/8 and pay date is 12/13 for their Q4 distribution. 🙏 hb1. I was on that site before but didn't scroll down far enough to see bi-yearly payable. My fondness of SCHY will improve greatly with reinvested dividend that is within expectations. Thanks again! - rm edit to add - I see this is your first post. Welcome, and you are off to a great start!
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SCHY
Nov 26, 2021 23:35:12 GMT
via mobile
Post by Chahta on Nov 26, 2021 23:35:12 GMT
It will be interesting to see how much the distribution is. The 30 day SEC yield is 4% so would expect to see around 2%.
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SCHY
Dec 8, 2021 10:52:27 GMT
via mobile
Post by chang on Dec 8, 2021 10:52:27 GMT
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SCHY
Dec 8, 2021 11:12:12 GMT
chang likes this
Post by fishingrod on Dec 8, 2021 11:12:12 GMT
Schwab is showing an SEC yld of 4.06% as of 12/06/2021 for SCHY
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Post by chang on Dec 8, 2021 11:28:37 GMT
I’d trust Schwab over M*. Come to think of it, I’d trust the National Enquirer over M*.
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Deleted
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SCHY
Dec 8, 2021 17:17:23 GMT
via mobile
Post by Deleted on Dec 8, 2021 17:17:23 GMT
Per Fidelity quotes: Ex-dividend date is today (12-08-21). $0.385 payable 12-13-21.
Edited to add: By my calculation, that's a 3.08% annualized distribution rate.
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Deleted
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SCHY
Dec 12, 2021 22:39:57 GMT
Post by Deleted on Dec 12, 2021 22:39:57 GMT
I'm selling FEMKX and FIGRX for tax loss harvesting. Not sure how these funds work, but I got large capital gains - reinvested, but am down slightly in FEMKX and about even on FIGRX for the year. Results in a decent size loss. Bought 1/11/21, so short term loss.
I see some indecision on SCHY. I want international exposure - both developed and EM. This will be about 6.5% of my portfolio. Does anyone have some solid long term hold choices I can research for a taxable account?
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