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.
"there is no “risk-free” 6.6% return"
If you're alive there is always a risk that something may happen that causes you to not be. In that context there is no "risk-free" anything, any time. It's all a matter of degree and probability.
@hank- my wife, also a retired teacher (35 years in the SF Public School "system") is in complete agreement. On the brighter side, there will likely be a significant improvement in the quality of the work that teachers will have to evaluate. Maybe w…
And, some observations from another professional commentator. Here's excerpts from a column by John Naughton, in the Guardian:
Those who, like this columnist, spend too much time online will have noticed a kind of feeding frenzy over the past two we…
If you buy a CD directly from a bank and it fails, you will receive an insurance payment faster than you would if you purchased it through a broker. With brokered CDs, the FDIC must first obtain from the broker the name and deposit amount for each C…
Well aware. The present Chase branch that I referred to was previously... yes, of course- WaMu. That's how we wound up with Chase.
Can't fault the lobby- it's pretty much unchanged. But- yes, they are much more "corporate" than WaMu... and their a…
Same here. Some of you may recall that some months ago I had reached my limit of tolerance at the treatment received at JP Morgan Chase. The problem was that four retirement deposits are made each month to the Chase account. Getting government entit…
"Why do this now"
There's a body of political opinion suggesting that Sinema is concerned about being replaced by another Democrat in the next Arizona primary election, and that she is making a preemptive move to offset that possibility. Personally,…
And here are excerpts from an NPR article, edited for brevity:
The 747 transformed an industry, bringing luxurious amenities and lengthy nonstop flights to the masses — all in a design that was both enormous and elegant. But the reign of the mighty …
The 747 is a very solid piece of equipment. With proper maintenance, they will be around for quite a while yet. Their main problem is that newer aircraft, with only two or three engines, are a lot cheaper to run.
While my personal perspective is very much in empathy with the comments above, I would gently remind everyone that commentary such as this has, in the past, caused significant problems for the folks who maintain MFO.
As a result of past contention …
@MikeM- For any particular CD issue you want to be looking at the "YTM" percentage. YTM is "yield to maturity", and depending on circumstances may be the same as, or different from, the actual "advertised" yield. If the issue price is 100, the the a…
@LewisBraham- Yes sir, full FDIC. An advantage is that there are so many US banks issuing these that it's very easy to spread purchases over a wide number of banks, limiting the risk at any one bank, and also easily stay well under the 250k FDIC lim…
@MikeM- Yes, I agree with you regarding a short-term CD, say a year or less. If called, no big deal. When I'm looking at Schwab, I filter for terms of 5 years and non-callable, just to narrow the list down a little. You still have to be careful that…
@Sven- yes, there's still a very few around, but they're getting much harder to find. I think that a lot is going to depend on how the Fed operates later this month and beyond. I think that they're going to try to keep gently pushing until they see …
Hi Mike- At this moment I don't see the 5.08, or anything greater than 4.95 callable.
In non-callable, the best is 4.85. Don't forget to check the actual purchase price- if it's anything over 100% the actual return will be lower than shown.
For ex…
From "https://www.govinfo.gov/content/pkg/GPO-HPRACTICE-108/html/GPO-HPRACTICE-108-35.htm" (referenced above, by Yogi)
Article I, section 2 of the Constitution directs that the House
choose its Speaker and other officers. The Speaker is the only…
All of this is fascinating... I had no idea that a "non-current member" could be chosen as the speaker. Does the term "non-current member" mean that the individual must have previously been a member, or does it mean that anyone at all can be chosen …
