Correction - FRFHF

2/2 charitable contributions including to DAFs (more will itemize due to increased SALT deduction, & contributing to DAF is better in 2025 than in 2026), & TLH.
#PersonalFinance #Barrons
ybbpersonalfinance.proboards.com/thread/968/w...

5/5 Gold & silver markets aren’t buying this black magic. The real reason global rates are rising is that global debt is rising at all levels – government, corporate, household.
#PersonalFinance #Barrons
ybbpersonalfinance.proboards.com/thread/967/w...

4/5 But who will buy these extra T-Bills. Aha! The Fed has this RMP or T-Bill QE. Will this new Treasury-Fed coordination trick work to lower long-term rates? And what happened to independent Fed as defined by 1951 Treasury-Fed Accord? ...

3/5 Let’s connect the dots. Treasury has also announced a soft-QE that will involve issuing more T-Bills than T-Notes/Bonds until T-Bills are 30% of the total US debt (now 22%). The idea is to push long-term rates down by making T-Notes/Bonds scarce...

2/5 Isn’t there a standing Fed repo facility for liquidity anyway?). Look at the magnitude of this T-Bill QE: newly announced T-Bill purchases of $20 billion/mo plus announced $40 billion reinvestments from Fed MBS into T-Bills – that is $60 billion/mo in T-Bill purchases...

3/3 International acceptance with eligible accounts is growing in US (Google Pay, Wise, etc), UK (Revolut Visa), Europe (TIPS), BRICS Pay, etc. #IndoUSTribune
indoustribune.com/business/fin...

2/3 ...is the key using the NPCI (National Payments Corporation of India) infrastructure.
The end-users don't see any fees, but merchants & financial institutions may be charged small transaction fees. There are stringent fraud controls...

3/3 Fed fund rate cut -25 bps to 3.50-3.75% in a split 9-3 vote, bank reserves rate is 3.65%, discount rate is 3.75%. A new QE was started for buying T-Bills & T-Notes (up to 3 yr maturities). Futures reinvestments in Treasuries.
#AAII #CNN #Sentiment
ybbpersonalfinance.proboards.com/post/2340

2/3 INVESTOR CONCERNS: Fed, dollar, debt, budget, tariffs, inflation, jobs, recession, geopolitical, Russia-Ukraine (197+ weeks), Israel-Hamas (67+27 weeks; fragile peace).
For the Survey week (Th-Wed), stocks up, bonds down, oil down, gold up, dollar up...

2/2 FINRA is also reviewing the issue. The current low market-cap requirement with lax underwriting & listing standards & the regulatory tools of trading halts or delisting aren’t enough to stop these bad players.
#PersonalFinance #Barrons
ybbpersonalfinance.proboards.com/thread/964/w...

2/2 There are concerns about systemic risks from these nonbank financials that may seep into the Main- & Wall- Street. Private-equity/credit for retail investors remain controversial despite new rules for 401k/403b.
#PersonalFinance #Barrons
ybbpersonalfinance.proboards.com/thread/963/w...

2/2 ...something SIMILAR BUT NOT IDENTICAL. Tax losses offset CGs first, then up to $3K in ordinary income, & remainder can be carried over.
Other reminders: RMDs, QCDs, donations, 529s, 401k/403b contributions, Roth Conversions, gifts, tax w/h. #IndoUSTribune
indoustribune.com/business/fin...

3/3 FOMC is expected to cut rates on Dec 10. IRS Math Act requires more error details & remedies in IRS letters. Vanguard caved in on cryptos & that provided support to falling cryptos. December is a good month for TLH & tax planning.
#AAII #CNN #Sentiment
ybbpersonalfinance.proboards.com/post/2330

2/3 INVESTOR CONCERNS: Fed, dollar, debt, budget, tariffs, inflation, jobs, recession, geopolitical, Russia-Ukraine (196+ weeks), Israel-Hamas (67+27 weeks; fragile peace).
For the Survey week (Th-Wed), stocks up, bonds down, oil up, gold up, dollar down...

3/3 The usual cautions about wash sale rule and buying something similar but not identical (options don’t count) apply; personal loss carryforwards can continue forever.
Check the online or paper issue for many tax tips.
#PersonalFinance #Barrons
ybbpersonalfinance.proboards.com/thread/959/w...

2/3 Disasters include SRPT, FISV, RH, ENPH, LCID, DJT. Dividend stocks badly hit include FMC, NWL, RHI, BBWI, HUN, WLK. (Don’t try to catch falling knives, wait for some bottoming or rebound)...