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.
@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…
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…