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.
NOTE: Ted linked this on Oct. 22
@jerry
I know quite a few retired and active teachers. Some have 2 Masters degrees, all have 1 Masters degree.
1. Their qualifying level of education for their work does not qualify them to have knowledge of their …
Dear S. Disturber, (aka, @Old_Joe )
Could be either or both, depending upon how well the advisors surveyed actually performed for their customer base; as the Natixis whitepaper is apparently directed at a captive crowd of company connected advisor…
@hank
Very well done. The clean and crisp air in your area has your brain cells in top form.
I started a draft of some thoughts; but you covered the needed turf regarding the article.
Appears to be marketing to me, too; and very much lacking on in…
Howdy @BobC .....et al.
Here is an "average" of costs for Medicare folks I surveyed, in Michigan:
NOTE: The below consists of prescription drug insurance with a large deductible, a supplemental health policy (for the over and above of charges no…
Hi @FundStudent
YIKES !!!
Hey, how about those "deductible" requirements too, eh?
A private plan for an 18 year old, (BCBS Value) has a $6,700 deductible and monthly premium pay of $139, in Michigan.
@hank
Is this the thread, from March 5, 2014, to which you refer?
http://www.mutualfundobserver.com/discuss/discussion/11836/warren-buffett-suggests-a-portfolio-of-90-s-p-500-index-fund-and-10-short-term-bonds
Hi @heezsafe
An observation. Kinda like, if a too-big-to-fail or other event sets the wheels spinning again; and some folks (like we folks here) want to leave the party early or during a melt; this becomes a type of "Hotel California", you know: "Yo…
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
