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.
Thinking that there's somewhere to hide in the ongoing insurance disaster is very wishful thinking. Plain and simple: the major risk factors have increased to the point where the old models no longer work.
The basic concept of insurance is that any…
"look broadly at a mix of m-mkt funds, T-Bills, short-term CDs, ultra ST bond funds. It isn't a good idea to rely entirely on any one of these, or to claim that one would never have x or y or z"
Exactly right.
@hank- yes. I couldn't think of any words that would do it justice.
@Anna- thanks for that... one reason that I love MFO is because I'm always learning something.
Yes, Miles O'Brian is a reporting resource for PBS Newshour with respect to aviation and space-related topics. I have always appreciated his information and perspectives.
If memory serves (a rather significant "if" these days) Frontline actually did a report on that some years ago, and (again if I remember correctly) covered all of those very aspects of the failure.
@MikeM- from personal experience if JPMorgan Chase can call a CD they will. I had an 18 month @5.7 and they just called it with 9 months left to go. I think that was the only callable CD that I have.
From Investor's Business Daily-
Well, that didn't take long. Investors already lost $5.3 billion on shares of Trump Media & Technology Group (DJT) — with Donald Trump himself eating most of the losses.
Shares of the money-losing holding company…
I did read somewhere that the Trump operation was making some money by loaning shares to short sellers, but that may have been pure speculation (no pun intended).
" I purchased the required number of CDs at full price and then cancelled my memberships. Rinsed and repeated several times. It worked out pretty well."
@Observant1 - I always wondered if that would work. I suppose something like that wouldn't fly…
Not 30 seconds after posting the above I happened on this:
Florida blocks heat protections for workers right before summer
Florida Governor Ron DeStantis has signed a law that prevents cities or counties from creating protections for workers who la…
I'm afraid that it's gotten to the point that it's hard to get upset by something like this because it's become so commonplace and expected that now it's just "normal". It seems like stuff like this is going down every single day, so it's become jus…
Out in the western US Blue Chip Stamps were very popular. We were married in 1970 and we used our Blue Chip Stamp books to obtain two of our very first furnishings- rather nice table lamps for the living room. They are still lighting our living room…
I got to remembering... years ago when I was a radio tech at SF 911 there was a management type guy who seriously proposed a voice-prompt system at 911 to solve a perennial problem of staff shortage.
If you are being murdered, please press "1"...
Hey, DJT is down another 10% or so today. Kind of like falling steak knives.
Note to @David_Snowball - You started all of this- surely you must have known better... :)
Only us old guys remember all this stuff. There are new generations just waiting to be taught all this the hard way. Some of those old gas-station steak knives weren't too bad... we still have a couple of those.
:)
Well, for the steak knives I might be tempted. But more than likely the offer will be for a free bible. (just pay $60 processing & handling fee)
Lessee here... how about for 1000 shares a free pair of golden sneakers! (just pay small additional…
Possibly some airlines (United comes to mind) are testing versions of "AM", an offshoot of AI:
Artificial Maintenance.
It's a natural companion to AI (Artificial Inspection) as developed by Boeing.