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.
On the Costco issue, would Pay make it a moot point as it would be somewhat of a middle man in the payment process? It shouldn't matter what card you have and plus tokenization.
@LLJB, thanks for making good points. I should also add that in previous transitions of the economy we did not experience wage reductions. The change was to the work itself. For example the blacksmith became the machinist, The buggy driver drove a…
During the golden age of broadcast news, Cronkite and Huntley/Brinkley would report the news and let the viewer think about it.
Now, the news is reported along with profiling of the perp or the family, and a bunch of experts telling us why that pe…
"Some cultures or portions of that culture, consider that a prostitue provides a "public service".
Mixing Christine Lagarde and prostitutes in the same sentence gives me the heeby jeebies. Please, I'm trying to have breakfast here. ;-)
One answer on wages is that the higher wage jobs of manufacturing are disappearing and those workers are now working in lesser paying service jobs.
Also, as baby boomers leave the work force, younger , with less seniority workers take over with lo…
These are jobs that should be given to droids.
There is a hotel in Japan that uses droids for check in/out, cleaning and making beds and other tasks. I'm sure they could report the news.
Is there that much benefit on holding these funds once you account for the ER over a money market fund? As mentioned already, the expense ratio eats up any interest/gains.
Doctors are getting a share of profits from the drug companies?
A lot of the freebie stuff is gone now. New rules and regulations have put a stop to most of the shenanigans that were going on in years past. There is no sharing of profits.
A strong day for AAPL. Pay reception is much higher than expectations. The Watch may prove to be the big story of the year if these pre-launch stories pan out.
That's a big ouch. I wonder why the excessive ER when many of the top 25 holdings are ETFs and other funds?
http://portfolios.morningstar.com/fund/holdings?t=WBMAX®ion=usa&culture=en-US
Good post @MJG. It is interesting indeed how many of us spend a lot of time developing a plan only to throw it out the window when the winds change. By asking yourself how you will react to varying conditions, you can better prepare your plan and st…
One way to let go gradually would be to sell portions of your equity funds, hopefully at higher prices than you bought them at, and put those proceeds into a good income and growth fund or a balanced fund. That way you are getting conservative in a …
Maureen Dowd has a good opinion piece in the NY Times about this saga.
http://mobile.nytimes.com/2015/02/08/opinion/sunday/maureen-dowd-anchors-aweigh.html?_r=0&referrer=
Admittedly, Brian Williams was the easiest one to listen to. The last time I watched network news, Katie Couric was on CBS and I didn't care for her delivery. I don't even remember who was on ABC. I guess that says a lot?
A growing percentage of households are cutting their TV cords so to speak. Once a real viable television solution comes to market, it will be all she wrote for the networks. News is not exactly at the top of the charts.
If shown a picture of Brian…
The idea that a President would eliminate the use of the dollar by EO seems a bit over the edge. It will happen on its own, no need for speeding it up.
Mr. Bernstein couldn't be any clearer than that. Insurers always keep an eye on their bottom line instead of your best needs. Annuities are huge money makers for them.
The insurance lobby must have made a big push in the White House.
That is the million dollar question. There is no card to steal with Apple Pay so that is one advantage. The fingerprint/thumbprint is the latest security feature until that gets hacked somehow. Tokenization means your actual card # is never transmit…
I am far from a expert in charts but looking at a one year chart of SHLD, in November it shows what I call The Fickle Finger of Fate. There probably is a technical term for that movement and it is also a derogatory gesture. I've seen this before, us…
Speaking of Sears, CNBC ran a story today. Different financial guru, similar story. Reading the comments, nobody believes the story.
http://www.cnbc.com/id/102390278?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=1023…
