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  1. BMK

    Oxford Lane Capital Baby Bonds

    They may have a very similar structure, but I'm not sure it's accurate to say that one is a subset of the other. Everything I am reading indicates that there are substantive differences between the two, and that the risks are simply not the same. The CDOs that collapsed in 2008 were backed...
  2. BMK

    Is it immoral to get a second job as a software developer?

    In your original post, you did not clearly identify the two jobs you are seeking to hold. Are you trying to work as a software developer for two different companies at the same time? If so, then you have not really addressed the question of who owns your work product. I don't work in IT, but...
  3. BMK

    Is it immoral to get a second job as a software developer?

    Fake identification? What country do you live in? LOL And I'm not being sarcastic. In the USA, you can't get a job without providing a social security number. Working under a false identity would wreak havoc with your income tax reporting and your retirement contributions. How the hell would...
  4. BMK

    Oxford Lane Capital Baby Bonds

    No, not CDOs CLOs. Apparently, there are some important differences. I just ran across this blog post, published a few days ago, by the Van Eck fund group: https://www.vaneck.com/us/en/blogs/income-investing/clos-vs-cdos-understanding-the-difference/
  5. BMK

    45-day hold time - Treasury Direct

    Agreed. There is a cost to the retail customer that is embedded in the bid/ask spread. And I suppose that cost can be avoided if you buy new issue securities through Treasury Direct. But you can't sell treasury securities through Treasury Direct. The OP was talking about buying direct and then...
  6. BMK

    45-day hold time - Treasury Direct

    We bought $5K in notes in February and the commission was zero This was secondary market, not a new issue. But according to the Schwab website, the commission is also zero on new issue Treasuries
  7. BMK

    45-day hold time - Treasury Direct

    Based on the quote you posted, that would probably work. But what is your goal? You're going to transfer it to a retail brokerage account, and then what? Sell it? Sounds like a lot of work to avoid a commission when you buy it. Better check to see if your broker charges a fee to transfer it...
  8. BMK

    Flipping Sneakers

    Well, he was selling sneakers he did not own... betting that he could buy them at a lower price before he had to actually deliver. The article does compare it to an "option bet" for the buyer. And perhaps that is one way of looking at it, at least from the buyer's perspective. But it was...
  9. BMK

    Flipping Sneakers

    This is hilarious Guy was basically selling short high end sneakers And got squeezed big time Turned himself into the US Attorney's office SEC is not involved LOL Sneakers are not securities
  10. BMK

    Risk/Reward Ratio

    The risk/reward ratio has to be evaluated together with the probability of winning versus losing. Would you take a bet where the payoff is 20 to 1 against you? In other words, if you win, you win $1, but if you lose, you have to pay the other guy $20? If you can win that bet 98% of the time...
  11. BMK

    Muni offers - Direct purchase

    Actually, there is an underwriting function. The POS docs identify the underwriter of the new issue.
  12. BMK

    Muni offers - Direct purchase

    Browsing through some of the POS documents, it looks like most new issues are offered as bonds with a face value of $5,000. But I wouldn't be shocked if some brokers have a minimum order of $25K, or maybe higher.
  13. BMK

    Market Makers

    How would you even know who you are trading with? Does your broker tell you who is on the other side of your trades? LOL What planet are you on?
  14. BMK

    Muni offers - Direct purchase

    I don't think there is anything equivalent to Treasury Direct. Treasury Direct offers access to securities from one issuer: The United States Treasury. To have direct access to muni bonds, you would either have to have a platform that could host multiple municipal entities, or a few competing...
  15. BMK

    Oxford Lane Capital Baby Bonds

    Thanks for your input. I'm not afraid to look at junk bonds. I may be comfortable with them in a small portion of our long-term portfolio. What do you think about the new 9% notes issued by OMF? Maturity = Jan 29 CUSIP = 682695AA9 They are rated BB by S&P. They don't have a rating from...
  16. BMK

    I ordered the ultimate office furniture set

    No, I did not. My maternal grandfather served in World War II, and also during the Korean conflict.
  17. BMK

    I ordered the ultimate office furniture set

    Middle of which century? The middle of the twentieth century? Meaning they sell furniture that was made around 1950? I took a quick look at their website. And the furniture is very cool. And they use the term midcentury. But I'm guess I'm just naive. I can't be sure whether they are...
  18. BMK

    about DRIP

    That particular portfolio may or may not have been appropriate for her, depending on her risk tolerance and her goals. Some folks may be okay with a much lower rate of return because it means less risk, i.e., less exposure to beta. Took me a long time to understand that LOL I used to think...
  19. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    Forex in the USA is regulated by the CFTC. The fact that it is legal tender in El Salvador does not necessarily mean that it is a currency as that term is defined under US law. My guess is that it is not a currency, because it is neither issued nor guaranteed by a sovereign state. It may well...
  20. BMK

    Congress demands more oversight in Gary Gensler in SBF connection...

    He's definitely dodging the question. The Youtube page does not provide the date of that video. I have not read the SEC complaints against Binance and Coinbase. But based on many articles I have read, it sure sounds like the SEC is formally asserting that most tokens are securities. Most legal...
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