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.
Hi @hank
There are so many song lyrics I am familiar with having pieces of words here and there that have fit previous and more so with the current "circus"; which will likely not be outdone while I'm still alive on this rock.
Your Judy Collins ent…
@hank
Stealers Wheel band............edited to shorten
Well I don't know why I came here tonight,
I got the feeling that something ain't right,
I'm so scared in case I fall off my chair,
And I'm wondering how I'll get down the stairs,
Clowns to th…
Hi @Old_Joe
I believe we here (MFO) have been discussing the "boomers" and possible ramifications going forward for some time (years).
Secondly, IMHO; are those who never placed much of their monies into the "market" and felt more comfortable with C…
Howdy @VintageFreak
Have not searched whether accounts are being closed; but this link may indicate some actions being suggested. I will also presume there are "x" thousands of account holders who have not a clue about anything negative related to …
Hi @linter
Sorry to read about the FINRA requirement relative to your account.
Thank you for posting the legal aspects of this type of transaction.
Regards,
Catch
Don't know how this will go; but......Senator Brown to introduce bill to let Wells Fargo customers sue over unauthorized accounts. This still leaves the status of the fired employees apparently open.
'Course, if this somehow becomes a criminal inve…
Tricky little sucker, eh? Not being a master of https coding with this..........but this linkage will get one to the page and "read more".
https://assetbuilder.com/knowledge-center/articles/
Howdy @hank
I don't know that RMD's will have a large impact on markets in general, only the fact that based upon 10-15 years ago when almost everyone I know who were working were placing monies into 401k or 403b's. Most of these folks have retired …
@MJG
You noted: "To sustain a portfolio forever during retirement, never withdraw more than 4% annually"
>>>Sidenote: At least relative to IRA accounts, 4% more or less will be a legal requirement upon the account holder; which one chooses …
Howdy @Puddenhead,
I'll add a number 10, that is a likely offset for number 8 and perhaps several other numbers, too.
The first baby boomers will begin RMD's this year from IRA's, etc. This will continue in large volume for another 18 or so years.…
Howdy @linter
I do believe Fidelity will satisfy your request.
Side note: We've had accounts with Fidelity since the late 1970's. Several years ago we decided to take a decent profit in one sector and move monies into another sector. Twas' a busy d…
Hi @heezsafe
Thank you for the followup.
So........what is the deal (I understand the request) with the U.S. Justice department and the $14 billion charge against Deutsche Bank? 'Course, I will not assume that our Justice dept. has any knowledge of…
Hi @davidmoran
Will Parnassus know why you are selling?
Have you considered an email to them regarding the reason for your decision?
Side note from me: I return the Chase Bank, etc., etc. type mail requesting to set up an account and write onto t…
Hi @fundalarm
I had heard another blip about Deutsche bank eariler too, but the info fell out of my brain storage.
The blip being hedge fund sells of Db.
Catch
https://www.armstrongeconomics.com/international-news/europes-current-economy/deutsche-b…
Hi @fundalarm
Thank you. Am aware of ongoing problems with Deutsche bank; and more too now with Commerzbank, shutting down investment banking and apparent staff reductions.
Apparently, an overall uneasiness in markets with too much everywhere. I wa…
Hi @msf
Mr. Stumpf, when asked, in congressional testimony (today at 3:30pm); will you (Wells Fargo) remove the "forced arbitration" clause from fired employee contracts. Reply = Yes, and we will pay for the mediation process. Will you allow them (r…
Hi @Old_Joe
Recall doing the mean, median, average and likely other identifying words for math questions with our daughter in middle school.
Now, the median age of our and 9 neighbor vehicles is 8 years. Some of us have more repair items and depen…
@MJG
You noted:
"The most surprising statistic for me is that the average fund owner only has 3 funds. That's a basic minimum for portfolio diversification. I typically have a fund number that bounces around 10. But I also have a portfolio,size that…
Hi @VintageFreak
Heard a good one today on radio. The announcer was discussing "nuisance" phone calls at a home and/or cell phone. If he did not recognize the caller phone number, he answered; "Hi, FOX radio, you're live on the air. Go ahead with …
@MJG
You noted: "The chart tells a story of cumulative failure. It is an outright disgrace.
The failure that I perceive is not a national failure. It is the failure of the individual and/or the individual family unit."
Is not the stated "cumulativ…
Hi @Derf
A quick overview. We are about 50/50 equity and bonds for our overall portfolio.
For the equity portion, about 25% of the total equity value are these 3 real estate funds.... FRIFX , BRUIX and DPRRX. The last two are in accounts outside …
@Muggles208
Housing and/or real estate are different critters sharing some of the same world, eh?
Many of the better real estates funds at this time have YTD returns in the +6 thru +11%. Housing/construction, on the other hand, indicate flat thru +…
From September, 2013, Ms. Mack's WealthTrack; Mr. Kessler "In Defense of Bonds"
An add for a perspective from 3 years ago.
http://wealthtrack.com/robert-kessler-2/
Regards.......from a bond investor.
Catch
Hi @BobC
NON question now..........just read your mix in "what are buying, selling thread".
You noted: "Am comfortable with my current allocation of 25% in cash and short-term bonds.
Are you stating 25% of your portfolio is cash/short term bonds an…
Reminds one of GoldmanSachs "doing God's work" statement........... :)
http://www.businessinsider.com/lloyd-blankfein-says-he-is-doing-gods-work-2009-11
Hi @jerry
I recall the choices for the TIAA Michigan 529 were limited 10+ years ago and the fees were much higher for a direct purchase (which we use, no advisor stuff).
I checked MI 529 today and find the fees are now competitive.
NOTE: Much has c…
Not unlike the recent uptick in Bank of Japan continuing to add more purchases via custom etf's in equity sectors in their country and also more foreign bond purchases.
@bee Question: Are we really investing in what were traditional markets prior t…
@Crash TRPrice indicates two distributions,too; in Sept and Dec. of 2015 since your purchase.
We do our numbers every week and have for many years. We do the most simple process. So, for your TRGRX; if you purchased $10,000 on your noted date and t…
@Crash
Appears your TRGRX numbers are closer to YTD (8.84%) and not 1 year as indicated from purchase date, which is closer to 14.5%.
You're probably happier than you thought, eh?
@Sven
I recall Oppy being thrown out of Oregon after the market melt. They were sued by the state, too; eh?
We forgo a tax deduction too with not investing in the Michigan 529 operated by TIAA; which was our reason for not using Michigan, using the…
Hi @Sven
You may find this of interest regarding a new surcharge upon foreign investment in BC real estate. Ontario province has had this discussion, too; but nothing is in place at this time. Real estate prices in Ontario, the surrounds of Toronto …
Morn'in @Derf
The first link of Investopedia is the "lite" version and gives the info one needs.
I had to awake today before the sunrise; so I'm already deep into the coffee intake. Probably too much so.....
