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.
@Ted: I'll cheerfully concede the "cynical". As to who may or may not be an old fool, I'll leave that to the judgement of the members.
On another subject dear to your heart- have you noticed that the interest in the ongoing 737 story is now past 22…
I hate to be totally cynical (as opposed to my normal stance of being only mostly cynical) but the credibility gap between both of these governments and the public is so great that I have no faith in what either says about the other or even about th…
Yes, very good article. I never really thought of balanced funds as "target risk" funds, but it's true. For over thirty years we maintained a substantial investment in American Century's "Strategic Allocation (Moderate)", a "balanced" fund. There we…
@Jerry- Well, I started to put together a summary for you, but realized that the article is so long and detailed that it wasn't possible to do that without really violating their material.
Essentially the article gives a detailed description and hi…
"the Charles Schwab Corp. SCHW -1.60% chief executive"
@Ted: Nice work! You cant even be bothered to properly edit a sentence that you are plagiarizing without proper reference as to the source. How very professional.
@MFO Members: Time to put this very, very, very, tiresome post to rest !
Regards,
Ted
You've made it very clear, in this and other discussions, that as long as there is money to be made safety is at best an unimportant consideration. It occurs to m…
"technology is designed to"
If you had spent 40 years working in audio, radio and electronics as I did you would immediately recognize the fatuity of that comment. What is "designed" and what actually happens are frequently completely different sit…
@Ted: If you had bothered to read the new report you would have saved yourself from yet another display of ignorance.
I've attempted to prevent this post from being bumped by requesting that no comments be added here. Evidently you still haven't fi…
Following are selected excerpts from a current NPR news report. They have been lightly edited for brevity.
Boeing Knew About 737 Max Sensor Problem Before Plane Crash In Indonesia
Boeing knew that there was a problem with one of the safety feature…
@Art- Well, since the funds that you mentioned are only 10% of your portfolio, that gives a much better overall picture. It's reasonable to surmise that the other 90% is invested so as to give you decent diversity. In that case, it seems perfectly r…
I'm not commenting on any particular fund in your holdings, but I believe that putting your entire resources into ANY one holding is close to insanity, for the reasons that Old_Skeet mentions. The person who made that suggestion is very wealthy, no …
"Historically low rates may make it harder for central banks to cut rates and thereby stimulate spending during the next downturn."
@hank- Would you please send a note to Mr. Trump advising him of that? I'm sure that he would respond positively as …
I did. If you arbitrarily exclude one group of what you consider to be "outliers", then it's only reasonable to also exclude other obvious "outliers". In other words, the point I've been attempting to drill through your brain is that this entire sub…
@hank- I rather like the continuity of having one major thread on any current major subject, but I also thought that it wouldn't hurt to highlight the nature of the new information with a supplemental "headline" post.
Perhaps I "misunderstood" Ted'…
What a great point! We exclude folks like rforno and me (and most likely the great majority of MFO participants) because we're "outliers" with too much saving to be considered, and then of course to be consistent we also need to eliminate everyone w…
Amplifying the comments of rforno and hank, from the referenced article itself:
"So if you're wondering how your retirement nest egg stacks up against the "average" one, you first need to decide to whom you want to compare yourself (and your egg)—t…
We seem to be foundering on the exact definition of "retirement account", but the headline of this post refers to "Retirement Nest Egg".
Given that, it is difficult to understand why we would limit our consideration to only the sheltered component …
Following are selected excerpts from a current Wall Street Journal news article. They have been lightly edited for brevity.
Boeing’s Own Test Pilots Lacked Key Details of 737 MAX Flight-Control System
Boeing limited the role of its own pilots in t…
So Much Winning! - TWO FOR TWO!
This article is currently running in The Wall Street Journal:
Trump Says Stephen Moore Decided to Withdraw From Fed Process
Withdrawal comes after Republican senators raised concerns about Moore’s comments on wome…
@Mitch- You make several interesting points, especially regarding the propensity for just about everything to sink together in a major downturn, but not to recover in unison.
@Ted- According to additional info in the WSJ article, Occidental said that “We are thrilled to have Berkshire Hathaway’s financial support of this exciting opportunity”.
Anadarko doesn't seem to mind having two prospective buyers outbidding each o…
This just now from The Wall Street Journal:
Berkshire to Invest $10 Billion in Occidental Petroleum to Finance Anadarko Bid
Warren Buffett’s Berkshire Hathaway Inc. agreed to inject $10 billion into Occidental Petroleum Corp.’s bid to acquire Anad…
Yeah, that's what Wickipedia says. All I can tell you is what I remember as a kid- the expression was never heard in our lower middle class social strata until Kate and TV. I doubt that Wickipedia had a lot of input from that particular social cohor…
Following are selected excerpts from a current Wall Street Journal news article. They have not been edited in any manner.
Boeing’s Enduring Puzzle: Why Certain Safety Features on 737 MAX Jets Were Turned Off
Plane maker Boeing Co. BA -0.53% didn’…
@Derf- Not to detract in any way from the excellent comments above, but as a bit of minor television history- in the early days of black and white tv (early 50's) there was a very large woman named Kate Smith who had a variety show of sorts... can't…
"The fat lady hasn't begun to sing."
@Derf- Do you know where that particular saying comes from? (Maybe I should ask "Are you old enough to know...") :)
