Understanding The "Cusip Conundrum" (part 1 of 2) - YouTube

Channel: unknown

[5]
the bond renegade and the studios going to be about the usa command remark
[11]
so
[12]
testifying name com what is accused of conundrum and
[16]
simply put kids a conundrum is the problem that individual investors have
[21]
uh... with trying to price chopper up on them
[26]
effort offered to them so
[28]
and previous videos i've gone over post trade execution alphas
[34]
so that you can figure out how well or how poorly he bought the bond
[39]
well just as important work not much more importantly it would be free trade
[46]
analysis and research so how do you price a bond make sure that you can't be
[50]
better than the current offering
[53]
bethany the beginning of the key to conundrum of that
[57]
inorder prices carrying
[59]
and drop it
[60]
you've got to have it security identifier which is accused of
[64]
uh... most of the time when you were looking at an offering
[68]
uh...
[69]
you will not have the key to the front of you
[72]
or
[73]
if you have the usa in front of you you won't be able to find the offer
[78]
um...
[80]
in order to procure carpet
[82]
or you're gonna be required to open a separate
[85]
account
[86]
and establish a separate login at another brokerage firm before you can
[90]
even see the key separate bb offer to begin with
[95]
uh... lips big right in there
[100]
and as part of my
[102]
effort you guys may already understand that
[105]
i'm only going to use tools that or readily available to you
[110]
to help you out
[113]
they should be free easy to use and readily available and if you have to
[117]
watch this video
[118]
then uh... you probably have
[121]
access to any one of these tools and techniques and going to get the so uh...
[126]
the corrosion eric to by bonds online kids
[134]
i really can't type of uh...
[136]
reporting
[139]
uh... so
[141]
i discussed where allot of folks will require you to open an account uh...
[147]
dishonest and that is the first part of a problem that's part of the the keys of
[150]
conundrum yet over-the-counter or establishes a dummy account or log in
[155]
somewhere we're not going out
[156]
writing them out of that castle organ and look at
[161]
the other parts accusing conundrum so
[164]
what's going on
[167]
that are offering to spy on them in the local shows offers so that's why were
[171]
quicker
[172]
on our print
[176]
quicklist
[185]
missouri state dept finance bor revenues
[191]
sexism people please prepare
[193]
there's no q sapir anywhere
[196]
so in order for me to do a genuine apples apples comparison of those bond
[200]
over another dealers offering
[202]
uh... i mean a couple things uh...
[205]
ultimately
[206]
wide needed now
[208]
it's price the executive
[211]
besides the offering
[213]
uh...
[214]
but there is not disappear
[216]
so i want to go back to them
[218]
featured offer and wondering
[220]
wonderful publicity sapir let's look
[227]
and don't know that i think it was a key sapir either
[230]
so that's fine
[233]
or show you how to you
[235]
find a q_-tip per the issue and try and narrow it down
[238]
so we're gonna use another tool we goto commonly
[242]
that's emma
[243]
the m_ m_ a_ dot m_s_ barbie dot org
[247]
and good research
[253]
elitism you need to know when you couple things that we want to get a close to
[257]
the bond as possible without missing a research soul but
[261]
the state
[262]
the coupon
[263]
and maturity
[271]
i've only wanna see
[273]
these ten only thirty-seven maturities
[277]
some put in place
[279]
only wanna see four percent coupon for the four percent two four percent click
[283]
run search
[286]
right not bad
[287]
here we have six securities
[290]
six issues home
[293]
okay here we have
[295]
she very similar bonds very similar sounding bonds
[299]
how are you know the difference uh...
[301]
four percent
[303]
four percent
[304]
same maturity same day today
[310]
they're both refund urs
[316]
and they both look sub so
[319]
watkins
[321]
how we're going to print
[323]
when you drove down further on the month
[327]
but they always hear the movies an s_ and p_
[331]
when other committees rating to the movie single eight scale
[334]
goes a one eight two eight three
[337]
um...
[339]
and this is probably an s_ and p_
[341]
kabhi fetch but normally at this for a fair trading you'd seen additional slash
[346]
and which would be third
[349]
um...
[349]
it's fairly common previously movies s_ and p_ infection that order but since we
[354]
don't see another foreclosure
[357]
any hash mark
[358]
it's probably going to be
[360]
and i think he
[363]
so
[365]
it looks like this one right
[368]
let's just check it out
[372]
'em and
[375]
the called
[377]
park all term one point two
[382]
and
[383]
and this will be if you're watching and listening
[385]
it would really help retail investors out
[388]
if you guys could put that called ada in here
[392]
i don't think it would be real hard okay
[395]
but that would be very helpful since we don't see the confirmation here
[399]
am
[399]
among canal spend thirty minutes in the ls
[403]
trying to get a pre eyes
[406]
we're gonna go to
[408]
another tool and it's kinda hard to talk about
[411]
individual bonds to retail well go into fidelity
[415]
so fidelity uh...
[420]
is acceptable and you'll see me you that all i
[424]
and some of the videos that we talk where that would be over
[430]
find bonds
[436]
over here we don't have accused of
[438]
here we found the key is uh... but we can't be sure that it's the right one
[441]
'cause there are two very similar we think it's this one
[444]
so what's jack
[446]
five nine three three three november
[448]
test
[450]
uniforms hero
[452]
euro always zeros never the letter no
[459]
right-click the bond
[465]
eight to
[468]
a plus
[470]
looks like it's those just double check recall
[473]
at one point two
[475]
we could be pretty sure
[476]
but this isn't that
[478]
b bond that's being offered right here
[481]
it's being operate here at a
[488]
price uh... one oh two
[492]
wanted to do that offer durenberger bond at one oh two
[497]
fidelity shows it here
[499]
let's go back a page
[503]
infidelities offering his actually much better
[509]
so we see that there is a dealer on fidelity's network that will offer this
[513]
better
[513]
then and maybe put other themselves they could be
[516]
someone who's just posting on their platform
[520]
or click here
[522]
so
[525]
u_p_c_ those bond down
[528]
hopefully now not a fun accused of
[530]
and you can see that is being offered a elsewhere
[533]
i will go over how you should attempt to buy bonds
[536]
rishabh er montana complete video
[539]
but uh... since where he recorded
[541]
dist point that out too
[544]
we've got about a minute left on my paper the session
[548]
there is a party to this video and um... just click right back we will discover
[553]
the rest of the key to conundrum
[555]
and uh... what a back here in a minute leave everything open just click on
[558]
expedia