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.
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 …
"bets on the curve"
"BETS" ??? As in gambling? You mean that you can lose money with this financial stuff??
I'll be damned. Learn something new every day! :)
@rforno- oh, yes! bought some 14% tax-free out of Salt Lake City for some power generating plants. Figured that if anyone could get through that period it might be the Mormons. They did, and the income was spectacular.
It was only many years later …
@Finder- Sir: I note that you've been around MFO for over six years, but we very seldom hear from you. That's a shame- your observations and comments are well done, and I'm betting that your continued contributions to the discussion would be well re…
@Finder raises some good points. On one level, RMBS may be fundamentally intact in the long view. But there may well be an income hiatus where mortgage payments fall behind, not because of games in the mortgage business as in 2008, but because a fai…
I'd be fascinated to see the opinions of von Mises and Hayek had they become seriously ill, lost their jobs, fallen behind on their mortgages, and been evicted from their homes.
In this stressful time, which cries for serious and thoughtful information exchange, why MFO is being cluttered with garbage like this is completely beyond my comprehension. It echoes the performance from the very top of the present administration: …
In fairness, my "blind/deaf" comment applies equally to all of them, including Senator Feinstein, who I have always admired as far as professionalism, intellect, and devotion to public service.
Full disclosure: When she was our mayor, the first yea…
I have to wonder if that might have been an "intermediate" version of the document that was inadvertently filed. I do that sometimes, even when posting here. If I can't immediately remember a particular name but don't want to lose the rather fragile…
Looking at MFO almost every day, I've been feeling really stupid ever since going to 95% cash about a year ago. I felt that at 80, with a very decent pension & SS income, we didn't need the market exposure. I'm not feeling so stupid now, at leas…
Good thinking! This useless cohort could be converted into Soylent Green and used to help feed the homeless. Oh- wait... there's another useless cohort. We could convert them also into Soylent Green and feed chickens, and then... how about everybody…
Coronavirus live updates: U.S. cases near 11,000 — an 8,000% increase in 15 days
Here is a short summary of the latest infection statistics, as reported by the San Francisco Chronicle:
• 926 in California, including 440 in the Bay Area.
• 10,755…
Approx US population, December 2019: 330,149,796 (Wickipedia)
Projected infection rate, if let run without intervention: approx 80% = 264,000,000
Fatality rate of 2% = approx 5,000,000
Quite a writeoff that you're comfortable with.
