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The idea that the maybe the ultra-rich should be taxed on the increase in their wealth, even if much of it is derived from an increase in the value of assets that have not been sold, is not new. It has been kicked around in academia and think tanks for a long time. In 2021, ProPublica published...

"Infinite Banking" is a sales pitch for life insurance. The concept is that when you borrow against a whole life insurance policy, you become your own lender. There's a little bit more to it LOL But it's not just for the ultra wealthy https://www.nerdwallet.com/article/insurance/infinite-banking

Yes, this is about taxing the rich. Ultra high net worth people, especially those with "old money," or inherited wealth, don't work very much. Their wealth increases exponentially every year, with much of the increase arising out of the appreciation of stock and other assets that they own. As...

That kind of data is available from multiple sources, but it's not free. There are various subscription services available from the CBOE and other exchanges. This page is one example: https://datashop.cboe.com/option-trades Note that there is a link that allows you to download a sample file...

It is 30 semiconductor stocks. That is a narrow index in the sense that it is not a broad market index like SPX or DJIA. All passive ETFs are tracking something. The concept of tracking was, in some sense, part of the original definition of an ETF. Only recently have we begun to see active...

Good point. Sometimes it feels like the prices of QQQ and SPY are somewhat disconnected from their target indices. They're not, of course. The ratios are very stable over time. But sometimes the tracking error seems kinda wide. And the mathematical relationship between QQQ and the Nasdaq 100...

Most family offices won't talk to you unless your assets are expressed in eight digits or more.

AUM refers to how many millions or billions of dollars the ETF contains. It is not something that anyone monitors in real time. The previous post said it is a measure of the overall success of an ETF, i.e., whether the ETF is going to continue to exist or close down at some point. AUM is not...

This product isn't meant for traders. It's for someone with a pile of cash that they want to park somewhere, for over a year, with little or no risk, with high liquidity. It's for someone who has been holding short-term treasury securities for this purpose. This product is an alternative that...

Regulators can't close the loophole. It's built into federal tax law. Only Congress can change the law. From the article: Innovations like BOXX might bring fresh attention from Congress, where Ron Wyden, the Oregon Democrat and chairman of the Senate Finance Committee, floated the idea of...

Dude, that's apples to oranges LOL. QQQ has a much higher risk level

This is a fascinating product, only about a year old... Check out the Bloomberg article: https://tinyurl.com/240222BBMiderBOXX This a gift link. A Bloomberg subscription is not required. The link expires in seven days. TL;DR: The ETF uses SPX box spreads to generate capital gain that is...

One of the best sources of information for these securities is www.quantumonline.com Most of the retail broker platforms do not have any way to screen or search for exchange-traded bonds. I did not know anything about them until a few years ago. Here's a Forbes article that is over 20 years...

@Quanto As a practical matter, in this context, the word note is synonymous with the word bond. Senior refers to where the notes sit in the capital stack, i.e., whether there are other debt securities that have priority when it comes to making payments of interest or principal. Some notes and...

RILYO matures in three months. It is trading at the par value. So apparently, "the market" does not believe there is any significant possibility of default on this particular issue...

The restructuring team does not "work for FTX" in the way that phrase would normally be understood. FTX and all of its assets have been siezed by the US Department of Justice. FTX is no longer functioning as an exchange or a business entity. No one "works for FTX." The restructuring team works...

Bloomberg is simply reporting what was said by the restructuring team that has taken over FTX.

Customers and creditors of bankrupt crypto exchange FTX who can prove their losses will likely get back all of their money. Think I'm smoking something? I did not write that sentence. I copied and pasted it from a Bloomberg article that was published on January 31. The title of the article is...

There are other threads on this, but I will nevertheless add my take... The claims advanced by short sellers are all hype. There is zero evidence of fraud or misconduct at Riley and the company they acquired, FRG. If you look carefully at what has been reported, it's all innuendo, someone...