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@hank
You noted: Seriously … I’m convinced that moving from TRP to a Fido brokerage account several years ago took 2-3 years off my life. Horrendous experience.
Horrendous regarding which organization? Thank you.
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Thanks for the ”catch” Catch. Som…
Yeah @Derf - I love the Accord Hybrid. First foreign vehicle I ever owned. Top quality. I started taking it to the Honda dealer for regular maintenance. But after a few years I realized they were padding the bill with unnecessary “needed” work. Ne…
That is for sure.
Unfortunately … learned later it’s only for one night a week (Mondays) with a rotating cast of anchors the rest of the week. But, I can’t think of a sharper minded comedian and political commentator than Stewart.
Have a drink & lean back!
Seriously … I’m convinced that moving from TRP to a Fido brokerage account several years ago took 2-3 years off my life. Horrendous experience.
Yes, I'd be angry. I have no answers, though.
Not angry. Just curious. Geez - With AI the thought of using facial rec. or voice patterns to identify one would seem easy to accomplish. Maybe “voice” based on past recorded calls to their service depa…
+1
Marks is a big contrarian. The point of the story I recounted wasn’t necessarily that Marks is a big fan of bonds. His point is simply that herd-following (both for individuals and at institutions) is a huge factor affecting market valuations. …
@sma3 - Thanks. Taleb sounds fascinating. Next on my audible listening list. Currently still listening to Howard Marks, who likes Taleb and quotes him in some of his chapters.
Marks tells a funny story about a (fictional) fund manager who, after …
@Derf - I ‘ll go with Ernie Harwell who used to say …
”It ain’t over til the fat lady sings.”
I’ll note gold appears to be rising from the dead this morning. It’s been camatose at around $2,000 for week upon week. Miners have fared worse than the…
Stillers’ point is well taken. I have a brokerage account at Fido, but don’t own any of their funds except, of course, a money market fund. (Keep very little in cash.) So I wasn’t addressing Fidelity’s own funds in earlier post. Agree it’s a gambl…
Nice comprehensive post @sma3
Yes. Inverse funds, TAIL, HSGFX, others work in down markets. Knowing when to get-in and get-out is problematic. I’ve carried small positions in SPDN (inverse S&P) and DOG (inverse Dow) in the past as hedges while …
Nothing I’d rather ride on than the A319 / 320 (whether neo or otherwise). Beautiful plane. Just right size. I think part of Boeing’s problem is they tried to compete against the 320 / 320 neo by upgrading / modifying a 40-50 year old plane - ins…
I retain an old school perspective that my parents -- who were products of the great depression and dust bowl -- taught me.
Ditto. Parents were in their “formative” years during the Depression. Stocks were a dirty word. I gifted them a money marke…
OK - I guess I misunderstood you @FD. That’s the only thing I miss about being at TRP - the ease of moving from one fund to another. You sold at and bought into the new fund at both funds’ closing price.
So, Fido makes you wait an extra day to c…
Can you imagine a ”State Dinner” at the White House held to honor the January 6th insurrectionists (after being pardoned) who attacked the Capital and sought to physically harm the Vice President and Speaker of the House?
Yes - Orwell’s 1984 is f…
I have sold 100% of OEFs at Fido a number of times. The full amount has always been available to reinvest the next morning. I have closed out ETFs and CEFs in their entirety at Fido and the funds were always available to reinvest in a matter of sec…
”Have we returned to more normal times where bond (especially LT bonds) will balance out our portfolio performance by acting as the opposite weight (barbell) to our equities?”
@bee - Thanks for this great post. I agree recent relationships (assets …
@Derf - Not a bad idea, except mortgage interest rates have rocketed up over past couple years. I actually have a small 3% refi mortgage taken out 5-6 years ago for some remodeling. Hell can freeze over before I’d pay it off. Today you’re prob…
Thanks. Sounds like the hot exhaust & compressed air exiting at the rear supply the energy to turn the larger turbine blades in the front … . ? (obviously through a shaft). Kind of wild really.
+2
Both @LarryB and @davfor make great sense to me.
Yes - a wide spectrum of investment approaches on the board. A lot depends on one’s past experiences, needs, etc. I learn a lot here.
Thanks for sharing.
”The investment account and its records are maintained separately from the household accounts and their records. The only time they come together is when the taxes get paid.”
Yes - I agree in maintaining separate records and also in managing both a…
So the cash bucket certainly needs to be adequate to cover 3 to 5 years of those normal expenses.
@Old_Joe - Nice detailed job outlining conventional wisdom. But ISTM that’s exactly the notion the author is arguing against. If I’m reading him righ…
I now see this nation as containing large numbers of people who are very far from being "fairly equal in their knowledge base and intellectual capability".
There’s perhaps a greater divide than before. The problem runs deeper. The undereducated ha…
Thanks OJ - my feeble mind is trying to process all that. I’ll have to do some additional reading. My limited understanding is that there’s a compressor in there somewhere that compresses either (1) air before it is released or (2) a fuel / air mix …
The author disagrees with the often recommended notion of stashing away 3, 5 or 10 years spending in cash or short term treasuries to ride out potential market downturns. It’s a popular notion often recommended here and across the financial press. …
@hank- I'm not sure on this, but I don't think that the "gearing" includes "shifting". If I recall correctly the turbofans use gearing to drive different parts of the engine at differing speeds, but the speed ratio between the various fan components…
@Crash - Maybe bring me up to speed … What are your primary uses of M*? Is that your main portfolio tracker?
Gosh - there’s lots of alternatives, including dedicated apps - but I realize it’s hard to “change horses” midstream. Long ago I went …
Just a blurb from today’s Barron’s : (David Giroux discussing his investments)
”More recently, the Pratt & Whitney division had a problem with its GTF [geared turbofan] engine, which is forcing hundreds of engines to be remediated before their…
Thanks guys. Worrisome times for computer security. Just 1 issue I know of when someone got into my DejaOffice files on my primary ipad - 5 years ago. Don’t know what / if anything they took, but it wrecked my files. Restored everything from an ol…
Thanks @Derf. That helps.
However, I get the sense this goes beyond the simple question in your referenced quotation: (“Does anyone remember why …?”)
Here’s a couple excerpts from Morningstar’s analysis of RSIVX:
“David K. Sherman brings over 13…
I never got an answer for my perhaps impolite question asking why RSIIX was not able to protect investors better during March 2020.
@BaluBalu -
I won’t attempt to shed any more light on the financial environment in March 2020 as you are more than …
Of course, rates have done a U-Turn over the past 30 days or so - first falling rapidly and then suddenly reversing course late last week and rising sharply. Might have created some unusual temporary abnormalities among CD offerings.