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.
@LewisBraham
I agree but if you owe thousands of dollars in student debt that requires you to work in a job you don't like just to pay the monthly payments you shouldn't be eating at Michelin restaurants.
It is easier to change your perceptions …
I owned several Nicholas funds way back, when we lived in Milwaukee. I got a bit concerned when Al brought son into firm and it was obvious he was going to inherit the mantle. He may have been a genius but family is no way to pick best manger going…
SGOL and GLDM have lower ER (0.17 and 0.10) than IAU or GLD
Precious metals ETFs have 28% capital gains tax rate as "Collectible".
If you are interested PHYS is Canadian and qualifies as a PFIC (Passive Foreign Investment Corporation" and capit…
@LewisBraham
The other scandal is granting huge numbers of options to upper management ( whose compensation is based on the stock price) who then borrow large amounts of money to buy back shares so earnings are not diluted.
As for personal finance…
So far I think Gold is trading along interest rates. If the Dollar falls because of the budget deficit, increasing interest payments or the fight over the debt ceiling, I think Gold will spike. But for a real increase we would have to become more…
I used to get two or three print papers and take hours to read every article. Reading on line is not the same, although if the website provides you with a "print edition " it is close.
Still I have to ask myself, if I go to the library and grab the…
I don't make much of articles that lump everybody together. Unless you are willing to really look at you goals and risk tolerances and investigate how a particular manger fits, you are better off in a passive funds, but ones based on the broadest m…
The rates of treasury only funds at Schwab vs Muni MMF are almost equal unless you are in the higher tax brackets ( over 22-24%) . Treasuries avoid state income tax while most MMF do not have enough single state paper to make a difference
@msf
Yes that is the vehicle I was referring to. I had an accountant sell us one. Fortunately it was a relatively small amount of money. If he had not made a big commission on it, he might have recommended MSFT instead!
On my "never again " list…
I saw that one
FYI for all the opponents of the increased IRS budget, please remember that the chaos the GOP IRS budget cuts have caused has direct and significant negative impacts on average Americans.
My sisters and I are waiting for my deceas…
I have decided the agony of paper filings is not worth the difference in possible performance for PHYS, vs other funds in taxable account. Since I have to file on paper anyway for 2023, and I have a gain I will wait until either gold drops a bit and…
Great article. Just learned about “gift box”
Am I correct that each spouse can buy $10,000 for their individual account and gift $10,000 ,to each other in a gift box, but not deliver the gift until next year to stay under the $10,000 annual limit?
@hank
I hoped WSKY was the ticket for single malts, and if they liquidated ( which they eventually did for lack of interest) they would pay me in liquid assets, but no.
I have spent some time looking at ETFs that are plays on the EV and climate ch…
I had a hard time finding one "do eveything fund" Most focus on futures or energy, or follow a broad index, usually overweight energy.
I looked at most of the Agriculture ETFs and decided that MOO was best diversified stock focused Agriculture ET…
Thanks for all the info. If electronic deposits (vs paper bond) does not increase annual limit it makes little sense for me, especially as it is unclear if I bonds will be as attractive as they were last year.
Can we assume the instructions for having IRS send your refund to your TD account instead of your Bank account are the same as TD instructions to have employer send in money directly
"To have your employer send the money
You will fill out a direct …
Seeking alpha has a pretty good analysis of the impact on SCHW earnings of people moving to higher yielding MMF etc. Not good
https://seekingalpha.com/article/4592585-charles-schwab-not-in-charge
I have to look back and see how these layoffs and cutbacks compare to other ones for GOOGL etc.
A number of my son's college friends (class of 2014) went to work there and APPL etc and crowed about how great they had it. Massages 24/7 free food all…
I was right, but I forgot that they were all fired in January
Google’s finance chief Ruth Porat recently said in a rare companywide email that the company is making cuts to employee services. . . Google employees have [already] noticed some more e…
I guess they will have to fire all the masseuses and eliminate the free three meals a day.
I don't know if anyone here has been to Google office. My wife visited a friend there. The benefits are unbelievable. Seriously free food at dozens of meal …
Good article from Schwab that Tom Mandell linked
https://www.schwab.com/learn/story/why-go-long-when-short-term-bonds-yield-more
Recommends intermediate bonds
Authers at Bloomberg has a very interesting article pointing out that the hopes that ba…
My old ( 30 years) retirement account at VOYA has ITCSX ( TPR Capital Appreciation Pt SVC) open and available at least to existing accounts.
I don't have a lot of money in this account, but might add to ITCSX at next market swoon.
Still law of bi…
I don't think the buckets are really a dead horse, but she has been beating that drum for a long time.
As I remember, despite focusing on retirement, she doesn't mention RMDs and how to factor those into your bucket
I left an old 401(k) with the original provider who morphed into VOYA. I almost rolled over the money but in 20008 the advisor told me "You know the SV fund in your account has a lifetime guarantee of 4%
So I left it and it looked great until rece…
From Bloomberg
The FDIC told First Citizens on Tuesday it was claiming a $500 million profit linked to the increase in that company’s stock, which soared after the acquisition was sealed. The FDIC was entitled to the payment within five business da…
thanks Seems like a lot of trouble for $1200 refund. I think I will just apply it to estimates.
Maybe if I overpaid by $5000 it would be more worthwhile!
Seeking alpha had a decent comparison of the business models of SCHW vs IBKR
Former 50% of revenues are investing clients cash balances
Latter revenues comes from fees and managing bid ask spread for clients who want trading efficiency so are will…
I think the proposal to increase the FDIC limit (to say $1,000,000) and prorate the expense to the size of insurance you want makes the most sense
The costs of the insurance should all be borne by the beneficiaries with a reasonable surplus every y…
I would assume if they are audited the IRS will want receipts, ie that $5000 check for the fence!
Tell them to be glad their house value went up . We lost money on the sale of our house in CT over 30 years
Thanks. The original link has adds and popups and I can't get through
Have to read the academic paper. Will report back but it is a little suspicious that they could roll this out that quickly
@PressmUP
The jury is still out. If all of SCHW deposits leave, even to their MMF, the Bank's income will drop 50%. That will obviously crater the stock. They claim they have enough cash, Marked to sale securities and can borrow enough to fund t…
At least at Fidelity, QCD is not as seamless as a DAF. There is no online method to transfer the funds.
I have a couple of years to figure it out. Anybody else actually completed the process?
Nice article. Do you know where to find that “academic study”. ( one of the worst features of most newspapers is their refusal to provide references to their facts and quotes)
I aam not sure what the regulators could have done if they knew that T…
