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.
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.
It's important to understand the difference between a browser and a search engine.
A browser is an application that runs on your computer and allows you to communicate with internet sites.
A search engine is a discreet application that runs within…
@hank- Yes, that's my nightmare on all of this: the gov't actually gets a conviction, Trump gets elected, starts the appeal process and drags it out for two or three years. Or, knowing how this bastard operates, he pardons himself, and the gov't tak…
To the extent possible I have absolutely no interaction with Google. Many years ago it was very obvious to me that Google was trying to pry into every aspect of my life that they could. No great secrets there, but also no damned business of Google o…
@Mona- I previously used the account aggregation service at Schwab, but didn't know that it was "Yodelee". I have no idea if Yodelee is any more or less secure than any other aggregator, but after a previous discussion here on MFO I got rid of all o…
If there are in fact any aliens from another planet they would have to be very smart to be able to get to Earth, and very stupid to want to have anything to do with us.
Sometimes it feels like we expect financial situations to be quantifiable and behave like a chemistry operation where all of the various materials, inputs, and processing can be measured within tolerances of .001%. OK, manager "X" is very successful…
@FD1000: You can sit there and blather whatever you want. It doesn't change the fact that coming from middle-class families with little inherited wealth we can now sit here without any financial worry, and that our American Fund financial advisor pl…
I agree with respect to the zillion share classes at AF. When we were investing there I just stayed with the "A" class. Fortunately after a few years we were able to invest there with diminishing loads, and finally without load. Load funds were not …
Yes, American Funds / Capitol Group was our main asset-building fund group, and over the years I used at least eight of their funds. I would change the allocations periodically depending on market conditions. At this point we have transferred all of…
"Over time they provided steady returns while managing the downside better than most large cap funds"
@Sven- Exactly.
Add- BTW, Just for the heck of it I bought 100 of the AF ETF CGGO a couple of months ago. So far, so good... ahead $115. I sent…
No, you didn't. There are very well written and comprehensive articles in The New York Times, The Washington Post, and The Wall Street Journal. But some expenditure is involved to access those sites.
The multi-discipline team approach has always been the norm at American Funds, where in our earlier risk-taking days we did very well. That concept always did appeal to me, particularly after reading so many posts here on MFO about other "star-manag…
Exactly. But Jack Smith's team #2 is putting together another case re the Jan 6th insurrection. That's going to take place in DC, whose jury pool might see things a bit differently. And, perking away in the background, is prosecutor Fani Willis, in …
Boneheadedness? Yeah, count me in too. Too many stupid things to even remember. I imagine all of us (with the possible exception of FD) have done dumb stuff from time to time.
