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.
@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…
No clear thinking person could believe the founders endorsed giving everyone an automatic firing weapon which no one had even envisioned at that time with which to mow down other citizens.
@hank- I was pretty sure that folks would have taken a look at your post, but you're right- I should have "reverse linked" this thread to your original post. Thanks!
Matt Levine sure is a trip- I can't imagine how he can bat out columns like that a…
"Makes one wonder what really moves these (regional banking) markets."
@hank- Ask, and you may (or may not) receive-
Matt Levine answers hank's question
(Part 2)
The problem with this possibility is that it is a little hard to distinguish it from Possibility 1. If a bank’s stock falls 50% in a day, it’s sort of natural to panic, to read it as more “the market thinks this bank is toast” than “the ma…
And here's an update to the previous report, edited for brevity.
Trading halted in shares of two more US lenders as fears of banking crisis mount
Trading in the shares of two more regional US lenders was temporarily suspended on Thursday amid a wid…
Hey there Lewis- yes, for sure on the Alzheimer's. And also for a couple of other very widespread diseases. But that's really sort of a double whammy financially- we have a number of widespread diseases affecting lots of patients, which will cost a …
@jafink63- Well sir, you did all of the right stuff on your way to retirement. Obviously you paid attention to your expenses, and saved adequately as you were able. Likely some degree of luck was also involved... it certainly was with us.
With resp…
We are all somewhat nervously ignoring the "elephant in the room". Given the ever escalating costs to produce new "wonder-drugs", and the ability through genetic research to focus on smaller population segments suffering from specific diseases, it s…
Looks pretty good from this end. You've got a nice spread of investments, and your income/expense ratio looks very good. In fact, your general situation, with respect to Income/expenses/insurance looks very similar to ours.
Have fun!!
@jafink63... To get replies from a wider spectrum of MFO posters it might be worth while to repost your questions as a new post (use "Start New Discussion"), under "Other Investing". It's kind of buried here in this thread.
You can simply copy you…
@jafink63... I would suggest that you-
• 1) Sit down and map out your total annual dependable income from all sources.
• 2) Do the same for all of your predictable and repeatable annual expenses. Hopefully the income will exceed the expenses. Wil…
U.S. must raise debt limit by as early as June 1 to avoid default, Treasury says
Following are excerpts from a current report in The Washington Post:
The U.S. government could default “as early as June 1” unless Congress raises or suspends the debt…
Zero. Nada. Nothing.
From above:
"And that discount is paid for by (1) First Republic’s shareholders, preferred stockholders and bondholders, who are getting wiped out..."
(Part 2)
But this is not really right ...
First Republic’s loans had famously good credit quality; First Republic got itself in trouble by making low-interest mortgages to very rich people, who will probably pay back those loans. (But the loans …
If there's any realistic possibility of needing to sell a CD before maturity, it would be better to use a money-market fund or other alternative instead. Brokered CDs should be purchased with the strong probability of keeping until maturity.
"Now you're going all metaphysical on us"
@msf- no sir, not really- you nicely answered my question (at 12:37): "CDs from the assumed bank are separately insured until the earliest maturity date after the end of the six-month grace period....
... …
That's all well and good, but it sounds as if one of the CDs would either have to be sold in the secondary markets, or cashed-in early (likely with substantial penalties) prior to the six month deadline.
Also, let's say the two CDs are each for $2…
@hank- good point, re education. Many of that group were teachers, as was my wife, and all of them were well educated. They made us welcome and treated me as an equal, despite my lack of formal higher education. In fact, they "adopted" us as their S…
