Today’s Talk Your book is brought to you by F/m Investments:
To learn more about F/m Investments, click here: fminvest.com
On today’s show we discuss:
- The rise of after-tax investing and how F/m’s Compounder series aims to defer income by avoiding dividends
- Hidden costs of traditional dividend reinvestment programs compared to market orders
- ETF structure needs to be compared to private loans and BDCs and investors need to understand liquidity mismatch
- What a failed Treasury auction looks like and why bond vigilantes won’t show up despite rising government debt
- F/m’s product development philosophy: Every new ETF must solve a real problem, not just an interesting idea.
Listen here:
https://podcasts.thecompoundnews.com/show/animalspirits/
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Nothing in this blog constitutes investment advice, performance data, or any recommendation that any security, portfolio of securities, transaction, or investment strategy is suitable for any particular person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. None of the views expressed herein constitute or imply endorsement, sponsorship or recommendation of Ritholtz Wealth Management or its employees.
Compound Media, Inc., an affiliate of Ritholtz Wealth Management, has received compensation from the sponsor of this advertisement. The inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or Ritholtz Wealth Management or any of their employees. Investing in speculative securities involves the risk of loss. Nothing on this website should be construed as, or used in connection with, an offer to sell or the solicitation of an offer to buy or hold any security or investment product.
Definitions and Explanations Regarding F/m Investments:
AG Index: Evaluates the performance of agricultural sectors in different regions
Base point: Used to indicate changes in interest rates on a financial instrument.
SALT Deduction: SALT stands for State and Local Taxes. The SALT deduction allows taxpayers to deduct these taxes from their deferred taxable income
AG Index: Evaluates the performance of agricultural sectors in different regions
Base point: Used to indicate changes in interest rates on a financial instrument.
SALT Deduction: SALT stands for State and Local Taxes. The SALT deduction allows taxpayers to deduct these taxes from their deferred taxable income
Alpha: Measures an investment’s performance relative to a benchmark index
Coupon: periodic interest payment to bondholders.
Russell 2000: A stock market index that measures the performance of 2,000 small-cap companies in the United States
Options: Financial derivatives that give the owner the right, but not the obligation, to buy or sell an asset.
BDCs: Stand for Business Development Company, which is a type of investment company. BDCs invest primarily in small and medium-sized businesses
REITs: means a Real Estate Investment Trust, a company that owns, operates or finances income-producing real estate.
Par: The stated or nominal value of a financial instrument, especially bonds and stocks.
GFC: stands for Global Financial Crisis, which refers to the serious worldwide economic crisis that occurred in 2007-2008.
AGG: iShares Core US Aggregate Bond ETF that tracks the performance of the US investment-grade bond market
Tax Alpha: The difference between the after-tax return of a portfolio and the after-tax return of its benchmark.
Investors should consider their investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus containing this and other information about the Fund, please call 1-800-617-0004. Read the prospectus or summary prospectus carefully before investing.
TBIL Fund Risks: The U.S. Treasury 3-Month Bill Fund may be susceptible to increased risk of losses, including losses from adverse events that impact the UST 3-Month Bill Fund’s investments more than the market as a whole, to the extent the UST 3-Month Bill Fund’s investments are concentrated in a particular issuer, issuer, country, market segment or asset class. Although U.S. Treasury obligations are backed by the “full faith and credit” of the U.S. Government, such securities are still subject to credit risk (i.e., the risk that the U.S. Government may be perceived as unable or unwilling to meet its financial obligations, such as making payments).
Performance data quoted represents historical performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that when the investor’s shares are sold or redeemed they may be worth more or less than their original cost and actual performance may be lower or higher than quoted performance. In particular, short-term performance is not a good indicator of the fund’s future performance and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on exchanges during trading hours; Net asset value (NAV) represents the value of each share of the fund’s underlying assets and cash at the end of the trading day. The latest performance until the end of the month can be accessed at. https://www.fminvest.com/etfs/tbil-fm-us-treasury-3-month-bill-etf
Investments involve risk. Loss of principal is possible. Diversification does not generate profits or protect against loss.
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