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.
"I am just waiting to see if FEMA/budget will be cut by DOGE? Govt. should not be in business to provide insurance."
Absolutely right... @kings53man tells it like it is! When major disasters occur no one should expect any help from the government-…
Frankly, I've never liked bond funds because in this type of situation you have absolutely no control over the potential for rapid swings in value. My perspective on individual bonds is entirely different: I buy a specific bond for (hopefully) safet…
@Sven- hey, what's to offend? I hadn't added the to the original post and I was afraid that someone might think that I was serious. Takes a lot more than something like this to offend me, Sven. :)
"Sorry but that sentence really had me laughing."
@Anna- me too, but the sad part is that so many Americans are going to believe all of the BS after the predictable applause by Fox "News" .
@Sven- I hope that you realize that my comments were sarcastic.
Does anyone really believe that some guys could just walk into an immense program such as Social Security, which like many government operations is still using computing technology ch…
The SUTXX return has been slowly sliding over the last eight months: from about 5.17% last August down to 4.13% now. It's going to be interesting to watch the returns on MMKT funds like SWVXX and SUTXX and see if they stay firm or even go up a litt…
We naively assumed that admitting China into the WTO would increase democracy in that country.
This did not come to fruition.
Admitting China into the WTO helped to elect Donald Trump in our country.
This did come to fruition.
Admitting China into t…
Why doesn't he just go with a nuclear 1,000,000 % tariff and be done with it? That would show them who's who! Why screw around?
Hold on... gimme a minute... aren't his MAGA hats made in China? Maybe an exemption for those...
@BD3- Well sir, I can't help with your investments, but I do have two suggestions-
First, no one here asks dumb questions- and you are no exception to that. We all ask questions, at different times and maybe about different things, but we ask here…
@Sven- yes sir, but that has to be taken in context: many others here did very, very well in equities the last couple of years while our investments were lucky to keep up with inflation. But that's fine- at our ages, we have enough to keep us comfor…
Part 2:
Here is the complaint. It is not about last week’s broad tariffs: It’s a challenge to the tariffs imposed in February on China (and Canada and Mexico), also under the IEEPA. In those tariffs, the asserted emergency was “the extraordinary thr…
@linter- Yes sir, the 2001 one with Timothy Hutton. If you are interested in a purchase, it's the excellent 2001 one with Timothy Hutton available at Amazon , for about $53.
If you need to see the subtitles, that can be a bit tricky: the DVD player…
No sir- just took a break for dinner and an episode of Nero Wolfe and another of Inspector Morse... both old favorites. The FINVIS futures seem to be still deteriorating.
OK, here's a couple of short reports on the FTSE 100 and "Letters from an Am…
I thought about the library, but decided that it would be a good reference book to have around. Hardcover, 496 pgs, at Amazon for $27.
(Tell them that Charles sent you.) :)
Sounds like a good read- some excerpts from Charles' link:
• This book was designed to reduce mistakes.
• Your mistakes with money.
• Tiny errors, epic fails and everything in between.
• You can do thousands of things right, but make just a fe…
And here's the pertinent text, courtesy of The Copper River Country Journal:
Wayback: In 1987, Ronald Reagan Spoke About Tariffs, Too
“You see, at first, when someone says, ‘Let’s impose tari…
This is in fact one of my major worries: what will our military do when they receive, almost inevitably, orders that are clearly unconstitutional?
Greenland, Panama, operations on US soil?
Anyone who thinks that we are safe from these possibilitie…
Yes, we are also heavily in T-Bills and Treasury MMKT. There's nothing quite like the safety and security of the full faith and credit of the Trump government.
Wait... wait... let me think about that...
Lessee now... Californians are fortunate these days if they are able to find any insurance at all on their largest investment- their home. If you or funds that you invest in have any investment money in insurers you might be interested to know that …
"Trashing a few hundred dollars worth of frozen food would have been a shame."
@hank- For sure... been there, done that. Cleaning out a stinking freezer with melted ice cream running out the door and spoiled expensive meat is really no fun at all. …
Register... lessee now: that makes you an anti-Trump protester, which automatically makes you an anti-USA terrorist, which automatically makes you and your family and friends eligible for deportation to the El Salvadore prison, which unfortunately i…
