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.
If one bought a corporate bond through a broker and the interest didn’t arrive would it not be the broker’s responsibility to track it down? Just curious…. Would that be different than a brokered CD?
Does the holder of a brokered CD have standing with the bank issuing CD? Can the holder of said CD contact the DTCC? Or is the only recourse with the broker?
@Stillers. Thanks so much for sharing that info. It sounds like it might take more time and it’s really in the hands of the bank. I am rethinking brokered CD’s based on all this.
The problem is that putting this discussion in off topic means that virtually no one will see it. The fact is that the actions of the party of ignorance and anti democratic motivations has undeniable implications for both America’s institutions and…
Thanks for the reply. It seems to me that the house acted to shut down a worthy thread because of two bad actors. The group was punished because of those two magas. The magas, although a minority,,,,, are damaging this excellent place just like t…
@Old_Joe. Keen insight on possible smart use of callable CD’s. And you bring up why best investment practices depend on your age. Too often advice is given as if age is irrelevant. Bernstein wrote a whole book about it. When I advise my thirty so…
@Old_Joe The biggest issue facing America in 2023 may be that almost half the country supports the “crime lord” who lost the election in 2020. That is THE ISSUE of our time.
If anyone is looking for CALLABLE CD’s at Schwab they are to be found by going to TRADE, Then BONDS, and the CD’s listed above the Bond grid are generally callable.
An old cliche is that the market hates uncertainty. Everywhere you look uncertainty is rampant. One of the two parties that runs things is operationally and morally bankrupt. The basic rule of law no longer is the cornerstone of our democracy . Tw…
@Crash. We also had a Saturn that lasted almost 300k miles and made many cross country trips. With its plastic body and industrial grade cloth interior it looked brand new till the end. Fondest memories were adding oil at the truck stops while wif…
@YBB. As always thank you for sharing your knowledge. I am curious about choosing PYLD which seems new and lacking any track record. . What make it worth 20% of this slice and dice exercise?
Oddly enough and contrary to my expectations I just had a very positive interaction with a competent live agent with virtually no wait. Maybe I was just lucky.
I am overweight CD’s and loving it. As an older middle aged dude it’s great not to think of the next 50% correction. The only thing I worry about is when to go out longer to lock in a living, risk free return. I think that life is cool at 5.5% an…
Thanks for the responses. Given that Mr Giroux is widely acknowledged to be a brilliant fund manager and the access to his talent has been limited for years I would have expected faster growth. After all, investors have been waiting to invest with…
@ David Moran. Tuition is a reference to my comment about the significance of 100 grand. Which followed fd100 who contended that same 100large couldn’t change one’s life in a meaningful way.
fd100. While you are a strict constructionist many here have no problem when the participants let the discussion go where it leads. Your comment about how significant 100k may or may not be in one’s life obviously was a lightening rod for further …
Well stated Old_Joe. Think about what 100 grand would do for a newly homeless working poor family priced out of the rental market. That might provide a MEANINGFUL change to their life.
“100k is not meaningful to change someone’s life”. I am sure all of us here disagree but that money could pay for life saving medical treatment,,,, put your kid thru four years at a decent enough state school, free a family from debt,, have a down p…
@Hank. Van Patrick was the first Detroit sports announcer I can remember also. I remember he did both the Lions and Tigers but I might be wrong. I sorta recall he got fired for being closely associated with one brand of beer and another brand beca…
@ carew388. You nailed it but we Detroiters would NEVER think of those places as hot dog stands. You go to your favorite for two with everything. I am a Lafayette guy.
Re: boats and wealth. Many, many years ago my old man told me that if weren’t for my sailing habit I could have been rich. But sailing twice to Mexico made us rich in experiences. Just should have sold her sooner.
@Hank. Invest in a boat? We are selling our sailboat we have owned and enjoyed since 1999. Worst investment ever. And selling it might not be very easy at all.
I am speaking of his supporters. The homophobic, xenophobic, racist , anti semitic , gun worshippers. Those who would take rights and freedom from women and many voters.
@Old_Joe. Two ideas can both be right. While “silence is akin to acquiesce “ engagement with them gives them legitimacy. Which they don’t deserve. We live in mixed neighborhood. Several of them live near me. You can tell who they are because …
