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.
Cheerios!!! I hate those things. When I was a little kid I badgered my mother to buy a box because the guys on the radio claimed they were like "little doughnuts".
What a lie! They tasted like cardboard, and my mother made me finish the whole box. …
"Fund? OJ couldn’t even manage Ted!"
@hank- hey! I thought I did pretty well. If I didn't manage him, at least I irritated him really good.
@David_Snowball - now look what you've started!
"a white luxury SUV zooming its way through traffic"
Nah, not at all my style... maybe a silver gray luxury pickup truck, though. Zooming through traffic, for sure.
"many young people living for today ! Spending the next paycheck before it arrives"
Well, that actually works pretty well. Until it doesn't.
The thing is, until someone actually is forced to live through the "it doesn't" part of life they really h…
"what should an investor do when OJ steps away from managing The OJ Fund?"
Firstly, anyone who had placed money in The OJ Fund is not an investor, but a dope.
Lastly, when OJ steps away from managing The OJ Fund it may signal potential investors …
@Observant1- if I remember correctly Ally was one of the outfits that Moody's growled at. You might want to take a look at that.
Add: Yes, it was mentioned in Yogi's post, above: https://www.cbsnews.com/news/moodys-downgrades-banks-list-of-downgrad…
"There is something wrong with a bank that relies primarily on brokered deposits."
Yes, it would certainly seem so. I don't think that we, as purchasers of those brokered CDs, can realistically find enough accurate information to have any idea of t…
"However, Moody’s also wrote that it saw some key issues unaddressed by the Fed’s thousand-plus-page proposal."
How the heck could a "thousand-plus-page proposal" leave anything "unaddressed"?
Following are excerpts from that article, edited for brevity:
The "overall message" is that food prices have greatly increased globally due to a number of reasons, and that the US is actually doing better than most:
Given that huge rise in globa…
China is about to discover that Xi Jinping is no Warren Buffet. Buffet buys companies and then leaves them alone to run themselves; Xi thinks that he can run anything and everything. The Chinese economy is going to be interesting to watch over the n…
"My "guess"--I am expecting shorter term CD rates to rise a little more as we move through the rest of August. I am not expecting any major changes for the remainder of 2023. "
@LarryB and @dtconroe- FWIW, that's what I'm guessing at also.
"I hav…
Would those be the same congressmen who don't believe in taking reasonable health precautions in the face of a pandemic which killed some 20 million people?
Would those be the same congressmen who don't believe that we need to do anything at all to…
Just to clarify- I'm not at all suggesting that CD or Treasury ladders are the only way to do things. I have about half in a CD/Treasury ladder through Schwab, and about half in a couple of MMKT funds.
Like @dtconroe said, "Before retirement, I was…
"How did we ever get to this point?"
By electing a conscienceless snake. Simple as that. What's most depressing is the number of people who seem to like that.
@BenWP- it's really not all that complicated, at least the way that I do it-
• Take a guess at how long I might be still around. Say, hopefully, at least a couple of years.
• (Alternatively, determine a date when I might be needing cash for somethi…
"Need to prove a point? Search for a (BF) adage. You’ll likely find a witty remark to support your viewpoint."
My vote for "the master, BF" - ol' Ben Franklin
Oopps- I see above that's been answered. Oh well, at least I was right, for once.
The FDIC coverage limit is 250k, so of course we stay inside that. Why trust any one bank when there are so many to use? Yes, I have to purchase many of them. No, there's only one institution to deal with: Schwab.
We've all been informed numerous t…
@hank- I'd never heard the term “virtual credit cards” until a few days ago, in a post here on MFO. Let me see if I can find that...
Yes, rforno mentioned those in this post.
I'm curious about that, also.
Add: Taking Derf's suggestion (below…
"I realize my thinking is slowing"
@hondo- I've passed through that phase and am now in the "my thinking is evaporating" phase. I can hardly wait to see what comes next. Maybe a weekend pass from "the home".
:(
@MikeM said- "Honestly, paying little to no interest on the sweep account is THE biggest drawback to Schwab versus Fidelity in my opinion."
Thanks, Mike- I certainly agree with you on that. I just wanted to check and see if there was a decent autom…
"Schwab pays the same meager 0.45% whether you hold your cash this way or elect to sweep the money into Schwab Bank."
@msf, MikeM, and others- Thanks to all for your info. This is what I suspected- that if you want decent interest on your cash at S…
@MikeM- You mentioned "I moved the $ to the Schwab MM"... Could you advise which particular MM? I know this sounds stupid, but I've never been sure about their moneymarket accounts. When interest on a CD is paid, or a CD matures, they automatically …
@Stillers- While I'm sure that you remember that I have sometimes been irritated by your "tone of voice", you should also be aware that when you present opinions or facts in a reasonably courteous manner I've sometimes either agreed with you or comp…
@Crash- Only with very infrequent REALLY MAJOR Firefox updates do you have to reinstall your bookmarks. There is a procedure for that, but it does take a little fooling around.
Find that procedure under File / Import from another browser.
