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.
@mcmarasco - Excellent summation of trade-offs. I wrestle a bit with this, though my numbers are substantially smaller than yours (duration, payments, rate, balance). Perhaps lacking in your depiction is the type of vehicle (non-retirement, IRA, …
Sir - I’m afraid I didn’t fully comprehend your question and what point you were trying to enunciate:
“Should there be a requirement that all citizens own securities?”
I didn’t consider the question unreasonable. It seemed to lack context, and…
Should there be a requirement that all citizens own securities?
Alan Greenspan seems to think so:
“We need to change the structure of all the various social programs that have a trust fund to them and go to a defined contribution rather than defin…
“84% of stocks owned by U.S. households are held by the wealthiest 10% of Americans ...”
That’s got me wondering how many of that fortunate 10% post regularily on this board? And which threads are they likely most active on? Judging by the screen…
Here’s the best & timeliest name for a newsletter I’ve ever seen. :)
https://blogs.wsj.com/dailyshot/2020/02/03/the-daily-shot-chinas-central-bank-conducts-a-massive-liquidity-injection-to-cushion-the-coronavirus-impact/
Per Mike’s comment: You don’t own beer. You rent it.
Nearly as bad at any big city theater. $5-$6 might get you a small glass of carbonated water - maybe not. Don’t want my brain any duller than it already is at a play, so avoid the alcohol while …
if I get a state tax refund but I don't use state tax as an itemized deduction on Federal taxes, do I have to report the refund as income next Spring?
I wonder if H&R Block and TurboTax know how to handle this.
From linked source: “State income …
I have to wonder if John even bothers to read the stuff that he posts. I would NEVER post something unless I had read and understood it myself. Johln seems to believe that links are enough... let somebody else do the reading work. Really bad form.
O…
@hank, that 6.16 BILLION was just 1 of many done deals if I'm reading that right ?
@Derf, Yes. Looks like the $6 Bil is a daily transfusion intended to keep patient healthy. Keep in mind, however, to these guys $6 Bil is just “chump-change“.
The …
Here’s the Fed’s daily Repo posting for today, February 3, 2020.
($6.160 billion)
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000
Re “links to human writers”
It appears @JohnN fell for the same trap I did last week. While I knew sites like Yahoo republished news stories from other sources (for the most part faithfully and with proper citation), I hadn’t realized there are no…
Interesting insights @msf. T. Rowe is nothing - if not thorough. Their front office folks can run circles around most I’ve dealt with in terms of basic understanding and having access to relevant records or information. I’m sure a lot stems from t…
@carew388 - Understood.
Got P’d-off when the SEC “reforms” following the ‘07-‘09 crisis made traditional mm funds basically worthless for generating income. They’re severely constrained. So I went with TRBUX as my non-retirement cash management ac…
@Sven, The trouble with Turbo last year was I let them have direct access to my TRP accounts for the first time. I did have some substantial cap gains in a non-retirement account that needed Turbo’s attention. What I didn’t count on, however, is t…
Market caused a lot of RED to show up in my account today ! Trying to have a good weekend, Derf
No Derf - Likely they’re loading up the cannon as we speak to fire off an even bigger repo round Monday. Hopefully some of the blast will land as far a…
Some here might remember Acampora as a frequent panelist on Louis Rukeyser’s old show. Ralph was a bit of an eccentric even than, a technocratic maverick often divergent from the consensus adrift in his charts.
How Ralph Acampora Painted a 70-Foot…
“I think bubble is the better term term to describe what the Fed is creating. Calling their easy money policies a Ponzi scheme clouds the definition of that useful term...”
Shakespeare might say: “What’s in a word?”
Want “bubble” instead? You wi…
(From John’s link) “In a recent survey, Schroders Investment Management questioned 1,004 men and women aged 45 to over 70 about retirement planning. ... Some 55% of respondents admitted they didn't know how their assets were allocated.”
This might …
”@hank et al with the 10 year Treasury yield at 1.57%, as of 1-30-2020 ... “
Thanks for the correction @Catch22. Looks like I misstated the rate on the 10 year yesterday. Must have been looking at the 2 year, which is hovering around 1.4%. T…
6 Pedestrians in 3 Days: A Deadly Spate of Crashes in N.Y.C.
“As of Thursday, 114 pedestrians have been killed in car collisions in New York City so far this year (2019) compared with 110 in 2018, according to the police.”
https://www.nytimes.com/…
Re “Dinky linky” - Thanks - But I got a “dry hole” when I hit on it. (FT’s “subscription options” page surfaced. But no article).
I don’t perceive criticism of a flawed post as a personal affront. I’m glad the flawed post was called to my attenti…
Machine written content has a long way to go. ;-)
The opinion piece appeared in my January 29 edition of The Financial Times (U.S. Edition).
I tried to link directly to the newspaper, but found it impossible. I searched the web for a source that wo…
@hank may feel that these transactions get extra care. If 'twere only so. Alas and alack. My remark wasn’t referencing the customer receiving “extra care“. That would be tantamount to your dentist telling you you qualified for “extra care” just…
LOL - Just got around to reading Ed Studzinski’s remarks in David’s January Commentary. Admittedly, pulled this out of context - but still somewhat bemused that the P word also appears in Ed’s lengthy discussion of risk:
“One would like to think…
Apologies for a nonsensical story & link. Things sometimes look better late at night than next morning (and I miss Ted’s positive influence).
Nonetheless - glad some found value in the story. My quick take is these companies are doing a bit of …
Sounds a lot like our old MFO friend, "Scott". I wonder...
Yeah - He used to rely a lot on “Zero Hedge” as I recall. That’s not a source I give much credence to. Some of this I’m getting reading the FT (on Kindle). But it’s hard / impossible to li…
Re “denormalize” - Thanks @msf
“Current Federal Reserve policy of denormalization” sums it up nicely.
To further the ongoing abnormal denormalization, Judy Shelton’s nomination to one of the two vacant Fed seats was sent to the Senate for confirm…
Thanks @MikeM - Useful information for myself and others. So Schwab can get you into CDs? I had no idea. As I said, my experience goes back about 20 years and even then was very limited (at a bank where I did business). Yes, the Fed called the pro…
Ya, I appreciate the original post from JohnN. I've posted such, in the past. But as Old_Skeet has observed, we are in the midst of a GENERATIONAL era of low interest rates, and therefore low yield on CDs. Just yesterday, we bought a car at 1.99%. F…
I clicked on the second one on John’s posted list. While Investopedia says 2.5% for 6 months, the Credit Union’s website shows that rate for a 9 month CD.
Here’s the CU’s description: *The Annual Percentage Yield (APY) is 2.50% for the 9-month New …
@hank - another good reason as if I needed another. I wasn't responding to you specifically. It was more toward just the concept. I just hate how the internet in general has degraded from it's original concept of knowledge sharing.
Edit: Forgot to s…
”I don't listen to the doom and gloomers, and I don't listen to the people that say stock prices are going higher than you can ever imagine.”
But some people might. I think that’s what’s behind Ol’Skeet’s query. All are entitled to express an opin…
How does “737-B200” strike you? https://www.bbc.com/news/business-48995509
More concerned that they make this plane safe than in what they call it. Expect they will eventually. Few flyers pay close attention to the type of aircraft they’re on.…
Thanks @Catch. I’ll pick them up next time I’m in SanFransisco.
Ya, it really is a serious issue. But let's giggle, just for a moment: "D'ya ever think about the hereafter?" ... Ya, I often walk into a room and have to stop to ask myself: "what …
Not to make light of a serious issue, but one wonders what kinds of inputs their algorithm is designed to identify? When does dumb, self destructive frequent trading end and one cross the line into “impaired” investing?
I’d imagine moving 100% int…
Thanks @Catch22. I happened upon the link allowing one to set-up the feature while updating some info at Price today. Had not noticed it before.
I’ll note that the article by a CFP explaining / discussing it (on T. Rowe’s website), which I lin…
