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Banks, including JPMorgan Chase & Co (JPM.NaE) and PNC Financial Services Group Inc (PNC.NaE), are vying to buy First Republic Bank (FRC.NaE) in a deal following a government seizure of the lender, Wall Street Journal reported on Friday.
Certain…
Ottawa County is in the southwestern part of Michigan’s lower peninsula along the Lake Michigan shoreline. It is home to the city of Holland whose name reflects the high population of descendants of Dutch immigrants. I’d imagine the Dutch Reformed …
I couldn’t get into the WP piece linked. Here’s the same basic story, easier to access.
Haven’t read this completely. Like any large state, we have good and bad here. In some rural areas there’s a hard right wing faction that exerts outsize influe…
Been raising a little cash the past couple days. Dry powder for the next market nose-dive. Dow’s not too far from its record close of 36,800 on January 5, 2022. Not bearish, just a little cautious. Still slightly overweight equities and a bit be…
@Old_Joe - He was an investor, not a saint. But I agree with you that religion’s a funny thing. Templeton wore his religion well. Was it genuine? I believe so, but who knows? And the comments above about Bhopal haven’t escaped me. I suspect tha…
Keep in mind it was a very small wager / $1016 that “paid out” $1250. But, every dime helps. And thanks for noting.
The press reports aren’t real positive re FRC. The Federal Reserve is threatening to cut them off from the reserve lending pool …
”A more challenging problem is accidentally switching your language preference to Chinese. I did that last night and it was difficult to reverse my mistake …”
听起来很糟糕 / 真是一团糟！
Note: After talking to a rep at Fido to make sure I was in compliance, I sold all 200 shares (FRC) at $6.25 today for a 23% overnight gain. The gyrations have been unreal. It actually got up to $6.80 at one point yesterday before falling back to $…
Correction ! ! !
After listening to the recording again, it turns out Templeton was not only aware of the 1984 Union Carbide incident in Bhopal India, but had been loading up on the stock as its price plunged due to all the ongoing litigation. Mak…
@msf - Thank you for the information and links to the (Union Carbide related) tragedy in India in December 1984. My “big on Union Carbide” reference was shorthand - an attempt to try and put a “time-stamp” on the approximate age of the interview. …
I’m trying to hone in on the year of the recording. Personally, I found Templeton inspirational and a big help to me in the early going. Certainly, it was a much different era. We lacked the intensive data / knowledge base available today. Many of …
Good point @Yogi. I’m just “betting” period!
Suspect it will get bought out by a healthier institution at above $5.00 / Or might be saved by an infusion of cash from some government related entity. Far from my expertise. Not a very big gamble. …
+1
Yeah - The prayer was a turn-off. I’ll say I can’t remember his mentioning that connection with investing very often back then.
I was revulsed at his comment about loads. But understand his larger point about people moving in and out of differ…
@catch22 - Agree. As you know, I dwelt in the Detroit metro / Pontiac area near 30 years. There was an added degree of safety in wearing a cheap wrist watch, a pair of trousers from K-Mart and driving an inexpensive vehicle. There was a common wis…
”That said I hate the trend of going to all touchscreens”.
Yup - That was the issue with the heated seat I mentioned belatedly above. And kripes - be sure you know how the headlights operate before pulling out of an airport rental garage after da…
Have automatic steering / lane keeping (to a limited degree) on ‘18 Accord. Love it. Can’t imagine how great a full self-driving vehicle would be. Not good on really chopped up highways, however, because (mine at least) isn’t intelligent enough t…
Sometimes it’s better to cut bait. I messed with IVZ (Invesco) midway through last year. Couldn’t take the wild gyrations - mostly down. Dumped it fast. I don’t use stop loss. If I have a lot of confidence in something I’ll buy down in increments.…
”Yeah. I think we actually rate 12 different strategies as Gold-rated. It starts with Rick Rieder. He recently received the Morningstar Outstanding Portfolio Manager award. He took over the fixed-income operations in 2010 and has really built a very…
Didn’t fully sink in until Bloomberg aired some images of BBBs with “Going out of Business SALE” signs across the front. Sad. A bit reminiscent of K-Mart. Retail’s a tough row to hoe, Price competition intense. Margins must be slim. You can be on t…
Above all else, SpaxeX is about making money. As proof of that, they’ve raised my Starlink internet price from $99 to $120 monthly over the past 2 years and have begun throttling high bandwidth users like myself. :(
From @sma3 ‘s linked articl…
I read an article about earlier rockets and multiple engines. They scrapped them due to not being able to get them all synced and working at the same time. Getting 33 ALL working together and have nothing fail... good luck with that IMHO. Saturn V…
I’ve flown in and out of Pearson a few times. It’s the only airport where the security folks made me open up my small carry on bag and take everything out of it. (iPad, medications, checkbook, spare socks & underwear). Then the guy remarked “You…
“…. on the trading day after the dividend pay date.” Appears to disprove my earlier assumption . Well, I’ll use Plan B than and just carry the calculated pay-out as a ”cash” position inside the equity portion of portfolio. It’s significant - and …
So much depends on your perspective. These types of investments aren’t intended for everyone. Think of gold as “a hedge against the unexpected.” Almost by definition, “the unexpected” is that which is very unlikely to occur (political chaos, hyper…
I once read an interesting quote about rebalancing, I forget from who. Basically it said rebalancing can be like digging out your flowers and watering the weeds.
Sounds like Buffett was quoting Peter Lynch.
To rebalance or not rebalance? That is t…
Thanks @Sven. The favored app might be characterized as “pie chart heaven” in its ability to slice & dice the day’s portfolio movement. I’d liken it to preferring to sit next to a window flying. There’s nothing a passenger can really do to infl…
Thanks @msf. The tracker that sent the message out last night about problems is the one I’ve often recommended here. First time since I picked it up a year ago that it’s ever skipped a beat. Hopefully, they’ll resolve the issue promptly. Feels like…
There’s a whole industry dedicated to helping us milk the stock monkey. I mean hedge funds, financial advisors, robo advisors, on line gurus like Zacks, The Motely Fool, Seeking Alpha and all the assorted publications. Then there’s the active fund h…
Oh boy, we flew on Southwest 737 last summer. They switched from the long time stable DC-10 to this new plane.
Hi @Sven - The DC-10 is a wide-body type of aircraft, probably closer to the early 747s in size than the 737. It’s very unlikely SW eve…
