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.
Long time Schwab guy. I don’t leave a penny in Schwab one interest. I did not even know it was called that. I know that when cash falls into any of our accounts I have to manually purchase SWVXX before the market closes. In the morning I will h…
Thanks for your comments. My concern for my daughter’s portfolio is that she literally pays no attention to it. That’s great for ignoring short term underperformance and market gyrations. But if Mr. Fried and his team fade away and are replaced by…
Question for Primecap heads. My daughter can invest in VPMAX or a very low fee total market fund in her 401k. She has no interest in investments and maxes out her 401k every year. She pays no attention. What would be better for the next 30 years…
@Old_Joe. Thanks for sharing that article. As a former graduate student of history I appreciate the willingness of the author to go beyond the conventional thinking to better understand historical trends.
I got curious about the bigger issue of post office real estate and it’s clear that the US Post Office is consolidating and closing lots of offices. Is this good for PSTL? I don’t know. Portfolio Visualizer is a wonderful tool you might want to b…
@Crash. We all know you are into your PSTL but according to Portfolio Visualizer it has a CAGR of 1.65 % 1/20 thru 12/23. It also has a higher standard dev than the S&P 500 as well as a higher Max Drawdown. What’s the attraction?
After reading this thread I called my bank to talk about lowering POS and ATM limits on my Schwab Bank debit card. The rep volunteered that writing checks gives potentially bad actors access to your name, address, routing and account number. More r…
@davfor… I think you nailed it. One thing that this discussion illustrates is that all this stuff is very personal. Unlike Bogleheads group think,,, this group is a big tent. We have the CD crew and one colleague who hunts down obscure individual …
@Old_Joe,,,, whether expenses are normal or unexpected, funding for such things should not be subject to the vagaries of Mr. Market. Thus a pile of money segregated from our “ main fund.” I sleep better knowing our next car, roof, sails, dental im…
Is a bucket for a new roof, out of pocket medical care, a new car, estimated taxes, boat repairs and other unexpected expenses and a second bucket for investments flawed? Seems like common sense.
@Sven. Please let us know where it is revealed that PYLD is the ETF version of PIMIX. Can’t find anything the supports that. Same managers but not the same. Thanks for your help.
Great Being There reference. When I read the novel by J. Kosinski in the early seventies I was blown away. It still resonates today. Empty suits and platitudes.
@Derf. That 3% cut off makes sense unless MM and on line savings are paying .15% and the equity allocation is maxed. Remember not long ago the likely suspects included preferred etf’s,,,, bank loan etf’s and junk,,,, I mean high yield. At some …
@DT. thanks for sharing your thoughts on how you use CD’s. I think an important point to remember is that “personal finance “ is just that. It’s very personal and we are all on unique paths.
I have found attractive rates at my favorite on line banks but sometime soon that will be over too. My CD addiction delayed me from age related simplification of our assets but one fund solutions are looking more attractive as falling rates will be…
@WABC. my dentist also told me his individual stocks and asked me if I followed the motley fools. I can’t make this stuff up. But he is a skilled practitioner. I fired my home repair guy who told me why he is MAGA.
@dt. Thanks for sharing that. Oddly enough I spent too much time talking to Schwab this morning and several folks told me it might take weeks. Then a few minutes I got a call from a guy who called himself a manager to let me know the money might c…
At Schwab I have attempted to get answers from my account rep, who is generally helpful and responsive. He had no answers. I spoke to several at “Private Client Services” and got contradictory explanations. Same with Fixed income department inclu…
