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.
Yogi said: "A true permanent solution would be future balanced budgets, or making the debt-ceiling an integral part of the deficit budgets, i.e. , no pork-barrel/Christmas-tree deficit budgets without an appropriate increase in the debt-ceiling to k…
@yogibearbull, @dtconroe, @larryB
Just to confirm your discussion above, Schwab Bank of Texas does in fact issue CDs from time to time, although not all that often, it seems to me. I'm holding one at the moment, purchased back in March, and have se…
I don’t know. Bloomberg’s Chris Anstey and Liz McCormick report:
Investment bank clients are peppering Wall Street with questions about what happens if the US Treasury in coming weeks runs out of cash and does the unthinkable — failing to make payme…
Not really- there are two separate entries there:
• The first shows "Cash and Cash Investments Total $54,014.50"
And down in the extreme lower right of the "Balance Details" section:
• "Funds in linked Bank Account $10,046.00"
And that is agreem…
@sfnative-
It's entirely possible that I'm ignorant of some things here. I have no idea what a "Program Bank" is, nor have I ever seen anything on Schwab referring to that. If I visit our "Account Summary" there are two separate entries for cash ac…
"Actually, for the vast majority of customers, uninvested cash held in a Schwab brokerage account is deposited at an affiliated Schwab bank"
@sfnative- not sure about that. We've used Schwab for many years, and when cash is generated from dividends…
I believe that Schwab has claimed that the low miniscule rates on their cash accounts are used to partially subsidize their "free" services in buying and selling various funds and other investments on the brokerage side. FW that's worth.
@Derf- Hey there- no sir, the brokerage maintains a cash account, separate from their bank, and that's where your unallocated cash resides. However that account isn't a MM account, isn't protected by the FDIC, and pays next to nothing. You're correc…
Yes, that's what I was trying to say- SCHW owns/controls both the brokerage and the bank. It seems to me that the bank could get into trouble without much spillover to the brokerage. I'm thinking that if the bank went away completely the brokerage w…
Hey Guys- Schwab Brokerage isn't going anywhere. It's "too big to fail", for sure.
Now Schwab Bank, that's another story- but if the bank goes it isn't going to take down the brokerage with it.
Hey @MikeM- I'm guessing that most of us are pretty sure that there is no such animal as an "only option for all investors" at ANY point.
Thanks for inspiring msf to do one of his remarkably helpful commentaries.
Take care- OJ
@msf- I read your comments very s-l-o-w-l-y. I really appreciate the wealth of information, and perhaps more importantly, the excellent examples and explanations of the variable and pitfalls of all of this.
With respect to CD ladders, I've just ha…
Other news sources are suggesting that Russia shot down it's own aircraft. The whole thing is pretty much speculation at this point, but it does seem that Russia did lose four aircraft.
Another commie Bolshevik spouting facts! Man, they're just coming out of the woodwork today. Whatever happened to the good old MAGA standard of just spouting whatever you want, with absolutely no connection to any of those Bolshie facts. Facts, Schm…
We're on to you Lewis- that's obviously a transparent attempt to confuse a real American Patriot with facts. What a typical Bolshevik maneuver.
"Show your data"? Real American MAGA guys don't got to show no stinkin' data! Real men show GUNS, n…
"That includes the rank and file as well as the party professionals."
Some of the "party professionals" are true believers, as is his "base".
Trump himself and the majority of the "party professionals" are true hypocrites, interested only in their…
