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.
I was personally affected when in 2015 Prospect Medical Holdings ( owned by Leonard Green a PE firm) bought our CT hospital after two previous publicly traded companies "suitors" ( hoping to buy both hospitals in town) had been chased off by the lef…
I think money does weird things to your values. The more you have the more you want. At some high point the total amount of money you have becomes very important, you think you deserve it, and you fight to protect it.
“It is difficult to get a ma…
@rono
NYT or WaPo just did a long article about your county
Led by Evangelical Christian trying to replace Health department with an HVAC saleman.
The article did not mention the turnout in the election they won. Do you know what it was?
Makes you wonder if his funding the Templeton Religion prize was just window dressing
from Wikopedia
"The Templeton Prize is an annual award granted to a living person, in the estimation of the judges, "whose exemplary achievements advance Sir Joh…
I have read several commentators claiming that it failed because they did not build a flame diversion trench or sound absorption system, because it would have taken several years and much $$$. Consequently the massive rocket dug a 30 foot deep hole…
@LewisBraham
You should consider signing up for Richardson's daily free email. She really does a great job of analyzing politics from a historical perspective. The only downside is it is depressing to see how bad things are. It is a bit encouragi…
@lewisBraham
I don't have to write my reps, cause I live in Massachusetts. I agree in theory that democratic actions ( letters, calls, marches campaigning) would work if everyone did it, but only 50% max of the public even votes.
Most of the reps…
the debt ceiling is only an issue to pay previously incurred financial obligations so the GOP is trying to use the leverage to force concessions on stuf that is popular going forward. ( as an aside , I don't comprehend how they can still be trying …
@davidrmoran
One of the great things about MFO discussions is searching for all the old articles.
Click on your link and who pops up?
Good ol' Ted!
I do miss his multiple daily links.
Maybe David can ensure that once we each contribute a certa…
VASFX up 0.5% Total in 8 years
I looked at this several times as a alternative/ macro hedge. Never seemed to figure itself out.
similar story to Market Neutral. If you are a hot gunslinging cowgirl or cowboy and really good at this stuff, who wa…
@crash
Same thing with one of my best friends, a Ivy League trained Cardiologist. Only watches Fox News and believes the "Woke Libs" are taking over the world. My cousin's husband, a brilliant business man had two safes in his office full of AKA 4…
We are a long way from "If it ain't Boeing, I ain't going"!
However my commercial pilot friends insisted they were not worried about the Max's initial problems, because they knew how to turn off the automatic control system
They claimed the two c…
@LewisBraham
Right on but you left out the totally dysfunctional education system that is failing students who need to learn how to do more than flip burgers.
All could change if people voted their economic interests not their prejudices, or their…
@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…
