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.
<
Hi @rforno,
I'll bet President Trump sure wishes he had left Janet in charge. I wonder, if he will fire Mr. Powell?
The Federal Reserve Act doesn’t explicitly give the U.S. president power to fire the Fed board members. But section 10 has…
But she looked so nice in her white pearl necklace! You just really WANTED to believe her. She spooked the muni market at the time. That much she accomplished.
@JoeD and VintageFreak : If 100% cash is your answer, then the next question when to sell your stocks. You do not know the exact timing of the recession but you anticipate it in the coming months. Also there should be some transitional period: you d…
Feels like we need a really, really "down" day to finish off this slow-drip pullback. Like maybe a -4% or -5% drop during one trading session.
Guess I got my wish, almost. "Thank you, sir. May I please have another?"
If you feel the market will plunge, you could go 100% to Cash. This is market timing, and most of us do it in some form or another (though not all admit to it).
You could also short the market (maybe purchase something like SDS) but that is rarely…
Markets only 'love' Tweety when they're going up. When they go down, Tweety finds something or someone else (*cough* Powell, Fed) to foist the blame on, b/c his skin is so thin you can practically see through it, and nothing's his fault unless it …
I thought the markets "LOVED" Trump. I mean, he said it, so it must be true. No???
I hope the market comes down a bit more. Depends on what the algos decide, I guess.
The rogue traders are apparently all busy down in Mexico on some sort of wa…
Another Net Worth calculation diced up a bit more (with and without HOUSE). Data comes from the 2016 Federal Reserve SCF.
https://dqydj.com/net-worth-by-age-calculator-united-states/
Age Average Median Average (No H) Medi…
https://www.nerdwallet.com/article/how-your-net-worth-compares-and-what-matters-more
Median and average net worth by age
Under 35: Median net worth: $11,100 (average net worth: $76,200).
35-44: $59,800 ($288,700).
45-54: $124,200 ($727,500).
5…
The White House is a Circus and the Clowns are in charge.
Old_Joe, that's an insult to the Circus industry and Clowns everywhere. But clearly the UN would agree with you...they were quite amused by the POTUS' bragging (I'm SURE they were laughing W…
Per Axios:
About 51% of American voters believe "that the Russian government has compromising information about President Trump," according to a Quinnipiac University poll released Tuesday.
Why it matters: Based on Trump's responses from the Hels…
@larryB Even some of his minions realize that he's full of ****, but they will go along with the program because he's ticking off a lot of people (Dems) they dislike. Plus they love the shock value. A form of schadenfreude, perhaps?
Anyway, he mai…
He's not fooling anyone these days. Lies and more lies. Even if Trump finishes out his term, there are only 910.2 days left (but gosh, who is counting).
He is delusional. Just like they "love him in the UK"....
Prices for US consumer goods will only increase that much faster if we engage in a trade war. How is this good?
I did notice that one or two in particular are real prigs over there.
Yes, but you can put them on IGNORE, which is a really nice function to have (hint to MFO).
Never have I seen our country so divided. It shows in the anger of many political posts, and the need to take sides and stick with them (no matter what outrageous moves the POTUS makes).
In some ways it is therapeutic to voice our individual conc…
"Trump is a traitor and EVERYONE that supports him is also a traitor. All of you can eat shit and die."
As I agree with the sentiment, I don't mind the "tone" at all. But I could see where others might.
My anger has risen to a point where I fee…
Howdy folks,
Stuff it. My country is under siege by a treasonous SOB that stole the election via Russian meddling. Jr. gave the Russians, the GOP voter data base so they could target the idiots that believe.
Trump is a traitor and EVERYONE that …
@JoeD: Speaking of bucks, when are you going to contribute to MFO ?
Interesting how you try to make it seem like you are the MFO funds collector. As if you were in a position of authority.
Maybe he donates a few bucks to the website every now and then (kind of like a lobbyist would), and so they let him post a bunch of links every day and act like the bigshot.
Win-win. Ted stops reading any thread that bothers his sensibilities. After all,,,, most of Teddy's links get little or no action but they don't get censored for cluttering up the place beyond belief. Everyone votes with their feet, so to speak.
Ag…
When the political news is not flattering to those who support Trump, it is then censored.
But the weakening of Obamacare discussion is ok.
A mirror image of the bully himself, run by one (Ted).
Now you can ban me, too. Ted just wants to be th…
Trump's code is to never admit you were wrong even if you were caught with both hands in the cookie jar. Then, just ignore the "accusations". Make believe you are teflon.
His minions have learned follow his lead. They just ignore all his ugly li…
Maybe the parents throw his XBOX out the front door, he goes to chase after it, and they bolt the door shut.
In all fairness, there are and have been slackers from every generation. At some point, you gotta kick them to the curb.
Agree with Crash on the economic side. Lack of wage growth has hurt. Housing costs are sky high, especially in major cities (where all the jobs are).
But too many parents coddle their children and try to shield them from concepts like hard work …
Interesting that the federal govt is phasing out Plan F (most popular) and Plan C Medigap plans starting in 2020 where you were covered 100% for all expenses and deductibles. They want to make sure you have to PAY something.
Some remnants of SS may well still be around for the next few decades. However, I wonder if SS will even cover rising health insurance premiums (medicare b, d, + supplemental).
I wonder how many Americans realize what a burden HC costs are becomin…
"So tell us something "special" about BIVRX."
What caught my eye was the +6.8% return in 4Q 2017, followed by YTD +3.45 return.
Not too many funds are up much YTD with all this market volatility. Does that make it a good fund? No way.
Its just s…
I always wonder why so many suddenly see the light years after the fact. Entry now while maybe not the worse bond investment out there is certainly more in the late innings than the early. You better hope for continued economic vigor and in turn…
Regarding dates, are not November 9th, 2016 and January 20th, 2017 respectively election day and inauguration day? What is fishy exactly or cherry-picked about those days in the context of what JoeD is discussing?
I posted this because Trump was so…
For all the preaching about staying 100% invested in stocks, we learned in 2008-2009 that taking a -40% haircut is not for the faint of heart. If only we had "hedged" a bit.
Now its almost 10 years later, and the market has gone on a wicked tear.…
>> Fido Money Market- "FZDXX" is yielding 1.69% at the moment.
Well, study this in some detail -- fn5, fn4 / minimum if applicable, performance details --- it has outperformed (somewhat) 3-month t-bills; 1y as of last week was 1.16%
https://…
