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.
From the article:
"Lawyers for President Donald Trump are invoking the government shutdown to seek a delay in a court case over claims that Trump is illegally profiting from business his Washington hotel does with foreign countries."
Let's see no…
If it's a "game",then it's surely like roulette at a shady casino. Lots of extra wires and odd mechanical things under the table where you can't see them.
Well, I wonder if Powell will sleep better tonight. The upswing must undoubtedly be due to the fine work at the Fed, since the downside was all Powell's fault. Right?
“The only problem our economy has is the Fed. They don’t have a feel for the market,” Trump said.
And here I didn't realize that the Fed's main purpose was to sustain the stock market. I'm sure learning a whole lot more about this stuff since Trump…
"please do tell why folks were enthusiastically buying... six months ago"
@hank- Well, not all of the folks were. But you know that. Going to be interesting, though.
Great idea Donald- let's punish Federal Parks workers because this fence thing is all their fault. Hell, they don't need to feed their families over Christmas.. they can all go to the Salvation Army for meals. Maybe just keep not paying them until w…
@Old_Skeet- Leaving aside for the moment who voted for who and why, let's not ignore the fact that under Ben Bernanke and Janet Yellen the Fed, virtually single-handedly, managed by hook or by crook to ease the United States out of the "Great Reces…
@rono-
Howdy, Ron. I'm sure that it will be no surprise that I agree with you right down the line. Being 80, I've done more than tinker around the edges- I've eliminated a few weak sisters entirely, and reduced all of our other funds to approximate…
And then there's this: An excerpt from the current edition of The Economist:
"Think of the upper echelons of the money-management business, and the image that springs to mind is of fusty private banks in Geneva or London’s Mayfair, with marble lobb…
@msf- Thanks for the additional info. You're most likely right on the "master account" issue, but it really doesn't matter to me what the actual mechanism is, as long as the CD is shown as living in our Schwab account rather than in the issuing bank…
@MikeM- evidently our posts here were being composed simultaneously, so they are a bit out of sequence. I believe that your term "sweep account" is identical to my term "brokerage account". Below is my latest reply to you:
OK, thanks for the clarif…
@MikeM- I don't see the 'select new offerings' group in the Schwab CD section. I'm probably doing something stupid, as usual. I do see a relatively short list of the highest yielding new CD offerings. Any hints?
If you purchase a CD from a bank on…
I've known a fair number of unnatural persons in my time. As far as I know, they were all conceived by humans (maybe that needs some research). But then, this is SF. :)
"At what point the Republican Senate turns and pushes for “substantive action” is hard to say or foresee."
That will only happen after Fox News broadcasts that Individual #1 attempted to use his Russian contacts to order a take-out hit on Mitch McC…
@hank- Thanks for pointing out the tax-sheltered accounts conversion to MMKT. I'd meant to mention that, but overlooked it. Yes, that's exactly the situation with our stuff. I'd rather get 2% on an IRA MMKT than keep losing x% to a down market. On t…
We also rode out 2008, but now I'm 80, and question the wisdom of trying for one more long market cycle. I've been selling down ever since late last year, when we did have losses to offset the capital gains. This year has pretty much been break-even…
