Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I was sorta like Buffet Didn't want to buy anything I didnt understand and I thought Jobs was a jerk. But letting your emotions govern your investments is usually a bad idea, although there are some lines I can't cross, like "META". I am glad I he…
Why do you think BPRN earnings just spiked? We drove there frequently several years ago when kid was at Princeton. I was always surprised at the construction and new condos etc, all high end, given the NJ tax climate.
I got burned decades ago on non traded real estate partnerships. The main reason for that crash was dramatic tax policy changes, but ever since I am very leery of buying something I can't sell, especially something where you depend on management to …
@mikeM
That's the problem. We live on a dead end road ( over a mile long) and as far as I can tell only one other guy gets a physical paper daily
They go to Florida in the winter so the guy apparently thought driving down here even once a week w…
The money Google spends on their employees is mind boggling. My son's best friend works there.
2 or 3 free high end meals a day, multiple services, allowed to work anywhere in the world
A few years ago the average bonus was $80,000. Probably not …
The other new twist is you can convert up to $200,000 ( used to be $160,000 I think) or 25% of your IRA into a QLAC tax free, so you can lower your RMD. I have not dug into it yet, but I think you can pick an annuity date at anytime in the future, …
I liked the "old" Barron's far better. I could leisurely mull over the articles all weekend.
Unfortunately, I can't even get the print edition delivered at my house anymore. Now it is mailed so it doesn't arrive until Tuesday some weeks
Customer…
I read recently that 60 to 80% of the volume on most exchanges is algos or computerized trading programs that key off of words or phrases in news wires etc
Make sure she doesn't ever want to go to graduate school or if she does Grandparents will step up again.
My son burned up last of 529 on a year of Graduate school
@msf
Thanks for all the detail. Treasury Bills are clearly the most tax efficient for state taxes, but not quite as liquid as MMF, although it is close especially for Schwab accounts that do not have sweep features
I found an ancient document on …
Lots of misinformation out there
Schwab says "Your first RMD must be taken by 4/1 of the year after you turn 73."
This is incorrect. Many people will be 73 when they take first RMD, but it is the April 1, in the year after you turn 72.
Unfortuna…
Every time I have been in one, they are kinda chaotic. Stuff everywhere, too many brands and choices. Staff helpful but not enough
Why on earth is anyone buying this stock? Hoping to sell to the greater fool before the bankruptcy announcement?
I got data from 2021 from Fido. about 50% of the SPAXX yield was state tax free. I don't know what % then was in Repos, but I bet that it was 50% and Repos are not state tax free
@mark
Yes should be "less" Thanks. Don't get me started on VA! They do the best they can, given the restrictions imposed by politics.
@BenWP
Humira Story gets worse.
From Barrons
"ABBV ‘s anti-inflammatory drug Humira, one of the top-selli…
Anybody know off the top of your head what % of the Government funds ae state tax exempt?
SPAXX is 75% Repos. I am looking for the statement from Fidelity about this but it is hard to find
The VA spent 54% than Medicare part D because they can negotiate
Saved 48% on Brand name drugs. Doesn't separate biologics (Humira) per say
https://www.gao.gov/products/gao-21-111
Anybody use Carbonite for online backup? Seems pretty professional organization. They claim if you get infected, the virus will not get backed up to or can be reversed
I have filed K-1s on TurboTax for several years. It takes extra time and occasionally some fudging ( PTP income requires two separate K-1s for each company) but it can be done without hiring an accountant.
OF course the sums involved in my case …
Thanks msf
Not a big hurtle to clear if you are really interested. Not that it will do much good.
Most people ignore the proxy voting they get from their stock companies anyway, bu tif you look there are always a few radical proposals
Vanguard …
I have found Schwab somewhat problematic but generally OK. It is pretty easy to get a rep on "chat" but a lot of times they tell you they can't help and you have to call the number.
It is hard to tell what they can handle and what they will punt.…
From Bloomberg News headlines
High inflation has been the talk of the town for a while, but Janet Yellen said low inflation is likely to return as a long-term challenge for the economy.
“We’re just coming through an unusual and difficult perio…
The further out on the duration curve you go the worse you will do if interest rates spike back up. Many people have alluded to the "Second spike" in the 60's and 70's, after the Fed had controlled inflation one time.
The "Market" seems to think i…
@davidrmoran
It is your thread, so please relabel it as you see fit and put it in Off topic, if you want to continue discussing this.
@Old_Joe
Thanks for the answer. I try not to remember the "nasty times" but guess I missed that "Off Topic is…
@BenWP
It is hard to avoid "participating" in the misfortune of others if you buy any stock or bond, the way the world is set up. Even Treasuries support the activities of our Government which are hardly 100% benign.
I try to avoid Companies wher…
@Old_Joe
You are correct, but for some reason, I get all the categories under "discussions" so I can't tell what category it is, unless I look very carefully at the original post.
But when I click on "Off Topic" I see posts today that do not app…
It looks like he will send anyone who asks his reports. I signed up just for kicks, not that I short stocks.
The date on this one on his web site is 1/24, although I don't know when the email went out. The stock didn't start down for a couple of d…
It seems to me that the issue for drugs is the patent system was designed for Model Ts and not for molecules.
Simple legislation to clarify how significant a change to a drug had to be to merit additional patent protection would fix this, but out …
@MikeM
When I have a little more time I was going to compare the prices of all their "picks" on January 6 ( Friday, date of interview price listed in article) with price at open on January 9th and then price on Monday the RT was published.
In the …
@LewisBraham
Thank you for your kind response and discussion.
America's tortured history of race indeed should be discussed in schools at all levels, including discussions about the motivations of slaveholders in the Revolution.
But I am trying …
@BenWP
Yes SE CT Thanks for the correction
@LewisBraham
I don't want the following to be too detailed or political, but comments deserve a specific response.
I am deeply hurt that you believe my complaints about the original 1619 project are base…
@Yogibullbear
Their budgets may be axillary, and for a lot of Public Universities, football and basketball pay for all of the other athletic programs combined, but the money still comes from the students for the most part through increased room and…
The point about the hot tubs was meant to illustrate one of the sources of rising college tuition that has nothing to do with education. In order to attract higher income students, whose parents will pay the full tuition, colleges ( including publi…
@Mark
I was struck by the Barron's article on TSLA 1/8/23
https://www.barrons.com/articles/buy-tesla-stock-price-pick-51673047775
"It helps that Tesla is expected to generate the most free cash flow among auto makers in 2023, some $12.2 billion, …
Vanguard has a long way to go. I am interested in the Environmental Oportunities fund, but although it has been trading for a month or more, and is up 8% YTD, Vanguard still doesn't list the holdings on it's web site
@LewisBraham
At least in Southwestern Connecticut, Electric Boat is desperate to hire "blue collar" technically trained industrial workers to build subs. They subsidize the training programs in high school and guarantee a job if student finishes pr…
Does anyone have a read on why the letter has a large section ( Notes from the Road) about India and how excited Tyler Galuser is about India, when as best I can tell he is only one of a dozen PMs on one fund that only has 4% in India?
Emerging Op…
