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.
The office of the President of the United States has found that casting chicken bones or using tarot cards works just fine for them. Electronic Magic 8-Balls are an unnecessary high-tech gimmick, and often produce fake news. Only elite scientists us…
It took some digging, but I finally located the Washington Post article:
SEATTLE — The U.S. coronavirus outbreak has spread to at least ten Amazon warehouses, infecting workers racing to deliver massive volumes of packages for consumers leery of lea…
In Trump's view god created the US as exceptional, therefore we need not take the same precautions as the rest of the world. In his supporter's view, god gave us Trump, so the whole thing fits together nicely.
So because he's losing money he's agitating to let the "Chinese Virus" decimate the US?
And his poll numbers have gone UP !!! some 5% this week??? If this isn't Alice in wonderland it's certainly as close as one can get.
In the Senate bill the loans to small business will be forgiven if those businesses continue to pay their employees during this situation. That struck me as very good thinking, as it potentially allows the businesses to maintain relations with their…
Because of the vacuum at the top almost all of the action has been at the state, county, or city level. I'm not sure how much influence Trump actually has with respect to these political entities. If he threatened to penalize them in some way it mig…
Maybe not- there's going to be so many gift packages in that legislation that it will take some time to be fully assimilated and the possible ramifications understood.
It seems to me that the federal government has really not done much of anything to promote "shelter in place" other than some half-hearted on-again / off-again dithering.
Because of the vacuum at the top almost all of the action has been at the sta…
"called for regulators to suspend “mark to market” requirements"
That seems like a good approach, but the various securities would still need to be marked at some value, yes? I wonder how that could be accomplished in a fair manner. I guess that th…
A good friend of mine has forwarded me a letter which he has sent to our Congressional representative, Jackie Speier. I've shortened it a bit, but he raises some very critical issues which I hadn't even considered.
The Presidential succession:
Wh…
Well, I've got my fingers crossed, but a big chunk of our cash is sitting in SWKXX, a Schwab CA Muni MMKT fund, @ $1.00/share price. So far, so good, and with the Fed now spreading it's wings over that type of fund I'm hopeful that it will stay good…
Hey, I'm taking the same hit on DSENX. Only had a couple of k there, so no big deal, but still down 1/3.
As I've mentioned elsewhere, about a year ago I went to roughly 95% cash, because I figured that at 80 it was time to quit playing. But I kept…
From The Guardian:
"Trump signals change in coronavirus strategy that could clash with health experts"
And now as Trump and his friends take note of the damage to their hotels, golf courses, and other investments he begins the waffle dance: Maybe …
@MikeW- I absolutely wasn't aiming at you or your questions, Mike. I'm just perplexed that the liquidity risk inherent in any financial product containing thinly traded and difficult to price components seems to have been disregarded by seasoned inv…
There's really absolutely nothing new here. Go back and rummage through the MFO files during and after the 2008 debacle, where it was widely discussed. Liquidity risk, AKA "everyone running for the door at the same time", IS NOTHING NEW OR UNUSUAL. …
"one should assume that all statements are carefully crafted by lawyers and one should pay as much attention to what is not said as to what is stated"
Amen !!
@Derf- Just click on the item that you are interested in and go from there. When you get to the shipping it's a little weird- you have to click on "shipping" to keep going.
OJ
Add- just got a confirming email and receipt. Shipping is free, btw.
It seems to me that with respect to "when to start buying" equities/equity funds the decision should mainly be based on two factors:
• How close are you to retirement?
• Do you believe that the equity markets will eventually recover and continue to …
