⇒ All Things Boeing ... NASA may send Starliner home without its crew It is odd that a company like Boeing could fall apart while others like Toyota can continue to build very reliable products, but I think it is due to a common factor GREED
The same ongoing disasters are very common in health care where the bean counters and private equity have been allowed to take over, putting profits as their only priority
Barron's article on HCA is a good example, but even non profit hospitals have thrown the professionals out of the window and make decisions based on margins only also
Doctors are told what to do, how many patients to see, what medical devices to use or not use based on economics.
Occasionally they object and get fired. But this whistleblower won.
https://www.capecodtimes.com/story/news/2024/05/16/cardiac-procedure-medicare-claims-cape-cod-hospital-richard-zelman-tavr/73721900007/Patients ( ie customers) suffer
My wife and I are going nuts tying to ensure our daughter's procedure at a major Medical Center is authorized and paid for. It has been almost a month and we are both experienced health care professionals and know what to ask.
And the CEOs of these crappy places make thousands of times more than the workers
Things I'm Watching.... Similar to
@Mark, I’m “comfy” where I am. Never been one to play around in the S&P index funds or much in tech. Nice that people have made a ton there - just not for me. Very diversified. Just 1 stock. That one’s in the consumers staples area that I view as a defensive holding likely to hold its own or even rise when the high-fliers fall to earth (but not true of the broader sector).
I’m a bit high on cash. Nearly put a bit to work this morning on GHC which I sold late last year for $68
5-$690. Currently back down to $700. Naw. Not worth the gamble.
Thanks
@MikeM and
@Tarwheel for the beer suggestions. Will give ‘em a try. Still searching for the perfect scotch. Both the Glenfiddich 12 I’m working on now and the Glenlevit 12 that preceded it are pretty decent. But not sold on either. Tried JWB
Double-Black once and couldn’t see that it’s any better than their regular. But I’ve noticed another JWB on the shelves that’s more expensive than
Double Black. May give it a try next.
XMHQ Large Distribution 6/24 @BenWP, XMHQ shows a very large dividend payment toady, 6/24. $4.
58 per share. I noticed the drop in the market value in my account also at the start of the day and was a bit startled. But if you look at the ETF daily return, it is actually up about .9%. I think the drop in share price to compensate the distribution just hasn't caught up yet.
XMHQ Large Distribution 6/24 @BaluBalu, it should be no surprise that M* got it wrong.
The numbers are as
@BenWP reported.
I'm guessing some percentage would have been Super Micro, which graduated to the
500. There were probably others.
I'll grieve about it during the long winter nights.
Things I'm Watching.... Doing more waiting than watching, waiting for a correction of sorts so I can put my accumulating cash to work in my perpetual watch list. I tend to be 75-85% invested in equities at all times but nothing looks appealing at this juncture. In the meantime my income pays the bills and 5-5.15% interest in a MM account is satisfactory.
Current CDs are Compelling When I first started buying CDs for a ladder in early 2023, I bought a bunch of callable CDs, not realizing the distinction. So far, only one has been called in, and I was able to reinvest at the same or a higher rate. So, I’ve been benefiting from the higher yields all this time, roughly 0.3-0.5% higher.
Current CDs are Compelling JPMorgan callables are sucker bait. They will be called, and as soon as possible.
I reserve the term "sucker bait" for introductory high yield bank CDs that automatically roll over to some lower rate before you can get out. Even if you get a free toaster.
I have several Capital One CDs, paying over
5%. When I set those up, I was given choices of what happens to the maturing CDs, and my choice was for them to be deposited into a High Yield Savings Account, currently paying over 4%. When those proceeds are placed into my Savings Account, I will decide whether I want to re-invest in future CDs at Capital One, or transfer them to my Schwab Account for options there, including CDs or MMs or open end Mutual Funds, etc etc.
Current CDs are Compelling JPMorgan callables are sucker bait. They will be called, and as soon as possible.
Respectfully disagree. I was looking for a good 1 yr cd. I found a new
5 yr cd paying 6% (Goldman Sachs, better than any 1yr rate I could find) which is callable in 1 year. If it gets called in a year I'm happy as that was my target, if not I'll let the 6% cd ride.
Current CDs are Compelling @Old_Joe said:
JPMorgan callables are sucker bait. They will be called, and as soon as possible.
Only sucker bait if you don't expect the call, Dan. I've bought quite a few CDs and Gov. Agency bonds that have been called, but you can play that game to eek out a couple more dollars, I think. The purchase description will tell you when the "next callable date" is and the call schedule thereafter. So if you buy a 10 year bond with a 6% rate and it lasts a minimum of 3 or even 6 months, that seems better to me than getting
5% or less return on a 3-6 month non-callable CD.
Maybe I'm missing something with this logic. If so, I am a sucker. Been there many times :).
Current CDs are Compelling JPMorgan callables are sucker bait. They will be called, and as soon as possible.
As the
reputedly French adage goes, all generalizations are false including this one.
Speaking as one of those suckers, I'll see what happens with my JPMorgan CD, possibly called in two days. It's still being quoted at 0.003% below
purchase price, let alone price plus accrued interest.
I picked it up at the end of last year to hold cash in my inherited Roth for this year's RMD. It locked in a good rate (
5.3
5%) for at least six months (if called) and at most 9 months (maturity). I'm still expecting it not to be called, but if it is I can pick up a 3 or 4 month CD (non-callable) at
5.4
5%.
