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.
In the other running thread on the 737, Hank responded:
Thanks OJ. I didn’t realize I’d posted my extensive ramblings under @Ted’s thread. So I have now moved it to my original thread (Territorial:))
Interesting. AOA is new to me. But yes - I hear…
@hank- Earlier today I read some interesting information from NPR.
• "In two cases, pilots flying in the U.S. late last year had their planes pitch down unexpectedly after departures. Both times, the crew disengaged the autopilot and were able to …
@hank- Earlier today I read some interesting information from NPR.
• "In two cases, pilots flying in the U.S. late last year had their planes pitch down unexpectedly after departures. Both times, the crew disengaged the autopilot and were able to k…
@Investor: Sorry, but that's against the Republican rules- can't have the government interfering with private enterprise, you know. To repeat my observation from the other thread :
Secretary of Transportation Elaine Chao (Mitch McConnells wife) was…
In November 2018 I made the following comments regarding the Lion Air disaster. Unfortunately they are still valid, except that all 737 commercial pilots should now be well aware of the potential need for an emergency override of Boeing's ill-design…
@Ted: You may not like it, but facts are what facts are. It took more than the loss of 300 lives for Chao to do anything at all: it took the worldwide agreement of all responsible aviation administrators OTHER THAN CHAO. If you have some info to the…
Secretary of Transportation Elaine Chao (Mitch McConnells wife) was finally FORCED to get off her do-nothing Republican ass and take care of public safety. What a total farce!
@msf: Wow, you answered every damned question that I had wondered about, without my even asking! I realized that the "equivalency" numbers Schwab was showing were inflated with respect to our income bracket, and was thinking about digging into last …
@msf / @ MikeM: Yes, your info is what I was seeing also. Not really a MMF "sweep"- you must manually redirect (purchase) Schwab MMkt funds. Thanks much for your help.
Regards- OJ
Add: @MikeM: Rather than use SWVXX I'm looking at using non-taxable…
"one of the tech sector’s leading proponents of how to invest ethically"
To adapt an old saying re internet technical standards: "The nice thing about ethics is that there are so many to choose from".
@MikeM- Do you happen to know the symbol for that fund? For the life of me I can't seem to find a fund symbol or much other info on the so-called mmkt fund associated with our brokerage account.
Thanks-
OJ
Mike- I'm referring to the Schwab1 "sweep…
@BrianW: Yes, of course, that immediately occurred to me also. Then I tried imagining such a "governing body" that would be immune from political pressures. Good luck on that.
@LewisBraham- Yes, exactly what I was trying to say. Strictly financially, I think a good idea. Mix in the inevitable political complications, forget it.
Yes, it does make financial sense, but of course with ownership comes voting rights.
I can already hear the protests from the Cato Institute et al. : "The government has no business influencing the free markets! Get the government off the back of …
@JohnN: It's evident that you have an impressive grasp of the obvious. This is different from every other country and government on earth exactly HOW??
@Ted: Please don't be so hard on JohnN. He's trying very hard to qualify as your replacement when you decide to quit linking, and I think that he has a good chance of making it.
Regards,
OJ
Sometimes it seems as if link-posts are made just for the sake of posting, without much thought being given to either the subject matter, or it's suitability for the typical MFO investor. I frequently wonder if some posters even bother to fully read…
When we were in our savings years my wife had a 403b, and we both had IRAs. Neither of us had access to any other savings mode other than (of course) Social Security. We both maxed out our IRAs,and my wife maxed out her 403b (converted to an IRA aft…
@AndyJ- Oh, yes... some 65 years and many floods. They were a lot more fun when I was a kid. The flood in '95 was the last straw for the old original house. We had to tear that one down and then built the new place. And yes, it's still beautiful: th…
@AndyJ- Hi Andy, and thanks for the concern. Yes, our place in Guerneville was isolated by the flood, but the living area is well above the water level, being some 20' up on concrete pylons. I was up there on Tuesday before the water came up, and th…
Wasn't the idea of the tax on SS in fact to tax the "rich"? If I recall the argument, many well-off people with large retirement incomes were (as usual) using loopholes to avoid taxes. Wasn't it the idea that people with lower retirement incomes wou…
Thanks to both of you for your input. I was debating yesterday whether to post the WSJ article, but decided not to because of the paywall, and the entire story was far too detailed to summarize in a quick excerpt / recap. Here's a few choice excerpt…
@hawkmountain- Howdy, Mr Hawk... I'd be real careful here since Warren Buffett evidently stated that he had overpaid for Kraft to start with. If he, with all of his resources, screwed up on an accurate evaluation who knows what the setup is actually…
You are correct in your description of the AF management approach, with different entities looking at different "sleeves". That's not really a "committee", as you rightly observe. However, if you actually look at the list of the various names of the…
@Crash- What's so important about direct investing? I invest directly with American Funds and American Century, and use Schwab for everything else because I really don't want to keep track of twenty different fund houses. Frankly, dealing with Schwa…
American Funds typically have ERs of about 70 basis points. If you can purchase those funds at NAV (no load) they are frequently a pretty good deal. American Funds does not use "star fund managers", but has long employed an investment committee appr…
