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@MikeM - look at Page 35 of their 2023 10K (Total Net Revenues). 50% of their income is Net Interest Revenue, which includes uninvested client cash.
https://content.schwab.com/web/retail/public/about-schwab/SEC_Form10k_2023.pdf
The definition of …
Again, her time in the barrel. We do this to fund managers. The human condition. Build them up. Knock them down.
It's why I don't invest with rock stars -- they get high on their own publicity, and their media enablers keep feeding them.
Berkowitz…
Apparently as the Schwab-TDA merger took shape, the company tried to walk the line between "not upsetting their existing customers" (mainly 'stodgy' B&H types) when trying to integrate a more active type of investor/trader from TDA ... my sense …
Update: I decided to stick with Schwab for the forseeable future.
Having poked around Fido in recent weeks, there are some things that they certainly does better than Schwab (cash management, UST rollovers, DRIP of foreign dividends) but I was n…
There’s one more thing worth remembering when reading Wood’s letter. And it’s that her job is more about convincing investors to join her—getting the best returns for her investors is a secondary consideration. Recent outflows suggest it isn’t going…
Never owned a gold fund/etf. And should the time come when I might need to own some, I'd probably only hold just enough physical gold to bribe the border guards....
Discounts or not, be wary of the income generated by many CEFs use high degrees of leverage. That 7-12% yield might be great, but everything has a price --- interest rates/leverage costs, fund fees, etc. If a CEF has more than 20, 25% leverage, I …
Once upon a time,,, the party that supported capitalism and democracy had a left and right wing. They were called the Democrats and the Republicans. The members of both parties were mostly politicians, not statesmen but they took care of the count…
As LTC Hal Moore said at the Battle of Ia Drang Valley, "Nothing's wrong ... except there's nothing's wrong."
I agree the markets are treading water and churning - there is a false sense of security forming, but at least it's not overwhelmed with…
Apparently they bought a tech platform in scrip --er, an all-stock deal today. If I was part of the acquisiton, I'd be selling my shares ASAP....
https://www.morningstar.com/news/marketwatch/20240703191/trump-media-to-buy-assets-of-worldconnect-te…
As LTC Hal Moore said at the Battle of Ia Drang Valley, "Nothing's wrong ... except there's nothing's wrong."
I agree the markets are treading water and churning - there is a false sense of security forming, but at least it's not overwhelmed with…
We are screwed. Well and truly screwed. Thanks to the "supreme" court the United States is no longer the democracy that it has been since it's birth... that chapter is now closed. The next chapter is likely similar to many of those "well run" "finan…
A huge problem during the GFC was the CDS (credit default swaps) sold by insurance companies and institutions. When the underlying credits collapsed, the CDS skyrocketed. At its worst, AIG had a liability of $150-200 billion - it was literally bankr…
Funny, I just read a noted manager state a few weeks ago that Large Cap is dramatically over valued and small cap is the pace to be.
In other words, nobody knows anything....
... and if I continue following the advice of my Magic Eight Ball and/or …
I've been looking at GQHPX as well. One thing I noticed, however, similar to all or most of his funds - is the large Nvidia position. NVDA is not an emerging market stock but its large presence in the fund spikes returns relative to its peers.
I …
Thanks David. I agree completely on the LCV call being the place to be over the next few years (and I'm there already, currently very heavy in energy, utes and infra myself.)
In terms of models, I had to chuckle. First they say models are meaning…
The only REIT I like (but don't own yet) is CDP because of its unique client base and facility requirements. (I've been in many of their buildings over the years for work). Getty is another one I've considered as well.
I've held off buying them …
CGDV and CGGO are on my watchlists and would be the ones I would move into if/when needed. Knowing what I know now, I would go with ETFs versus their OEFs with loads and 12-b-1 fees.
CGDV performing similar to the American Fund that my 403(b) is in…
PFE is cheap enough to be on my "throw some $$$ and forget about it" mental map @ the moment, but I've not pulled the trigger....also, the div payout ratio is 116% so that's a red flag when 'analysts' and pundits say to buy it for the fat dividend a…
I'd be curious what Choi from Parnassus has to say - I've always liked their Equity Income Fund despite the WFC issue some years ago. I bailed out a few years ago when the fund was getting more growthy than I wanted. (Would be nice if they made an …
Yup. My overall PV has fluctuated in the same general range for months. Annoying, sure, but I'll take "not losing money" and/or "making money" versus "just loosing money."
DJT down 14.56% today after sharp losses Tuesday (-8 %) as well. Brings up the question - how many worthless DJT stock certificates can you stuff into a Tesla pickup and drive both into a permanent landfill?
LOL. I'm sure CEO (and retired GQP Congr…
If they don't want people calling, shut down the call center completely -- to force customers to think "will this time be the time I get fired?" is not a good strategy, period. They are a BROKERAGE and exist to SUPPORT and SERVICE their customers r…
Is there any ... OEF that has decent volume along those lines?
Why should volume of an OEF matter? Perhaps availability matters, but why volume?
Regarding availability, what that seems to be saying is that S&P 500 funds are a poor person's su…
Go with the crowd because the crowd makes self-fulfilling decisions? Lots of people buy because prices go up because lots of people buy?
By that reasoning, the S&P 500 (TR) should be outperforming the S&P Top 50 (TR), and yet ...
…
This almost feels like the moment when PRWCX announced closure and I snuck in before building a sizable position that's done okay by me .... I'd be inclined to get a toehold in it now, but not thrilled about having to create another account just for…
Relatedly, I'm a likely long-term buyer of INTC if (er when) it drops further should rumors be true that NVDA will replace it in the Dow.
NVDA seems more like a momentum stock these days, so not interested in it.
All these changes, big and small. "New and improved." And it accomplishes what? Nothing is routine anymore. The machines are in charge. And the machines don't do what they're supposed to do, because the humans gave them faulty, incomplete informatio…
Does anyone sign the back of credit cards these days?
I bet you could sign "Mickey Mouse" every time you're asked to sign and never get questioned. Nobody ever looks at them. Total waste of time. IMHO
In the past I've signed my credit card. 'Sign…
Been using debit cards since the mid 70's. I remember that some even dispensed coins for a little while. I don't think we had credit cards til the early 90's.
and besides I prefer not to let retail companies have my checking account information.
Y…
Been using debit cards since the mid 70's. I remember that some even dispensed coins for a little while. I don't think we had credit cards til the early 90's.
Can't think of the last time I used my debit card to buy something in the past 30 years. …
