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Good useful summary, although the example of worse case losses being 2% a year seems a bit optimistic. Averaged over 10 years it comes closer.
He doesn't mention the importance of the source of the withdrawals, ie taking money from bonds when stoc…
I have had much more success with Schwab than Fido, other than the MMF sweep issue. I have had an account exec who is permanent even though I don't use their portfolios etc. He is easily available but I usually use the Chat as it is quick and simpl…
I have not had the "sell one fund buy another" issue at Fido but usually dont do that. I find Schwab's attitude about Sweep accounts very irritating and is clearly designed to make money off of John Q Public. It seems nasty, especially coupled with…
@Old_Joe
What did you think of the piece?
I subscribe to Bloomberg and got his piece in email too. I am a bit leery for copyright reasons about copying the entire piece here, and got tired before I could sum it up for folks.
He does make a case …
Matt Levine in Bloomberg explains the difference and the apparent rationale
https://www.bloomberg.com/opinion/articles/2024-02-08/bill-ackman-wants-your-money?srnd=undefined&sref=OzMbRRMQ
I am not sure you can open it without subscription
SUNW is still an active ticker symbol, but it is for a solar company now. Lost 26% today because I posted on it! Down to 6 cents from $20 a share in 2021
@Yogibearbull
Remind me again how to post images, if you have a minute. Thanks for wiki li…
You might look at FPACX. You can buy it as Schwab and Fido for $50. About the same 50/50 but with a lot of cash that they will deploy down to may 30% bonds. Probably a little more equity heavy than WBALX
There are other conservative funds that …
another idea for down market strategies
Buffered ETFs like PJAN BURF or BALT There are over 100 of them in all flavors with limited downsides. down to a certain percentage. But upside is limited too
Up 0.6% YTD
Best positions Uranium ( who would figure!) MRK AMZN ORCL and Buffet!
No NVDA. Sold my daughter's META in late December after a 200% gain. Guess that was a bad move!
I used these as examples of how complex biotech investing is, as the results of double blind placebo trials are my their very nature not really known unitil the trial is over.
AS far as insider trading goes "The person receiving the tip, however, m…
Even as a physician, I have a hard time figuring out biotech. I am personal friends with one of the Lecanemab investigators, but of course he could not share the news of it's effectiveness until it was publicly available in late 2022. With a press…
I didn't find this article terribly informative.
In ten years of a massive bull market with complacent investors and century low interest rates, of course, inverse funds and volatility futures are going to do badly. Most of her "stinkers" have d…
I doubt there will be significant rate cuts unless there is a recession. The labor market is still pretty strong, consumers still have cash from pandemic
As "everybody" thinks the Fed will cut five times this year, it is almost guaranteed they wo…
The article is interesting but it seems very hard for us mere mortals to make sense of which PIMCO fund might be getting involved, if any. All this stuff will probably go to their biggest customers in private vehicles.
@Yogibearbull, how can you te…
@stillers
We have alerts set at one cent on all our accounts with emails and texts. Works great. Texts come in before you leave the store.
It is funny because years ago we got a second credit card to use "only online" with a lower credit limit t…
If this was Schwab Bank, I assume they would be held to EFTA standards, but since you authorized the payment, even in error, they could say Schwab was not responsible.
To me the really scary thing is that they have the ability to automatically pull…
@stillers
I always was told that banks only applied reimbursement for fraud as a "courtesy" and were not required to. Glad to hear about EFTA
I never use a debit card for any automatic transactions, and I am always concerned that the one I have i…
However, don't you think this will be easier to fix than redesigning the entire software for the plane as they had to a few years ago?
The big problem is probably going to be that the old timers with the culture of quality have all retired or bee…
It is the perception that is important, don't you think? The official reason for the door plug won't be available for several months I would think. Now anytime a Boeing jet farts, it will be headlines
Depends on how well you want to sleep and how much return you need. Cinammond has a much better defined investing approach than Hussey. I could never figure the latter out.
@hank
Eric Cinammond ( PVCMX) calls it "the art of looking stupid" . This is a good read.
( BTW PVCMX was ahead of SP500 last three years until October with lot smoother ride!
https://www.palmvalleycapital.com/post/the-art-of-looking-stupid
"I…
I have found inverse funds helpful for taxable accounts when selling would trigger large gains, and to damp down volatility when things go really south. Of course when they go wat up ( 2008 and 2020), I can never sell them at the top so it usually …
@ Old_Joe
you may not have gotten the "Settled funds" message because Schwab MMFs all settle the same day. All other funds and stocks settle in two or three days
I think Schwab, unlike Fidelity will let you buy funds without enough cash in your…
@FD100 I should have been clearer; The couple of days is on the bank's end. Wells Fargo says it takes two days before funds available in your account
When I called them they said the transfer from their side to the merchant also takes two days s…
I think it depends on why the market crashes. 2022 crashed because of the rapid rise in interest rates, which killed normally safe bonds, in proportion to their duration.
With Interest rates higher, it is less likely that a sharp rise will occur, …
BTW RPHIX lost considerably less ( 3%) than either OSTIX ( 10%) or RSIIX ( 15%) during Covid panic.
I wonder if the difference has to do with the necessity of valuing infrequently traded bonds by proxy. So when everyone sells, that value has to …
