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.
Does it concern/trouble anyone that nearly half of the members of congress are millionnaires? I'm just trying to figure out how you can be representative of your constituants when you move in radically different circles.
http://www.opensecrets.org/…
As if many pension funds weren't in enough trouble already I see a lot of problem potential with going down this road. So much for safe, secure retirement funds.
On the bright side the rich money managers at financial firms will get richer, pay les…
Hank, here's all you need to know about investing in the stock market (he said, somewhat tongue-in-cheek):
http://seekingalpha.com/article/814212-the-6-most-popular-stocks-owned-by-congress?source=yahoo
Reply to @scott: Scott, I had considered mentioning Fairfax (like it but don't own it yet) in my post but didn't because of the dividend component. Same with Brookfield and Jardine. Leucadia as you say is a value play and I don't know that it fits w…
Reply to @CathyG: Re: your last question. If you enter the equity symbol in the 'Quote' or 'get quote' box on Scottrade you will see a mini-table of data showing you the distribution, ex-date, pay-date and so on. At Fidelity you need to click on the…
Dian, it would seem to me that you have a good background and grip on the situation. If I read your initial post correctly you feel that your financial house is in pretty good order and this gift is icing on the cake, a truly great position to be in…
Reply to @CathyG: Fidelity does not charge a fee for reinvestjng dividends. But there are always but's. First, I believe the default option is for the dividend to be deposited into your cash account (each brokerage account has an associated cash pos…
Reply to @scott: True and agreed. Found it out the hard way the very first time I made an equity buy with them. I had just naturally assumed that they would reinvest in more shares but their corporate policy is to just not do it. They do it for mutu…
Reply to @Old_Joe: Hey man!, Lightning here. Geez I haven't irriatated Maurice in a long time, at least not as far as I know. I honestly try not to but sometimes the devil just gets ya if you know what I'm sayin'. My son knows about you and how we'r…
Reply to @rono: The icing on the cake - your mom's favorite. I'm all in now. Actually going down to help my son celebrate his advancement and initiation into the Air Force Senior NCO ranks in Tampa. Bolting down to Key West, well, because it's Key W…
Scottrade does not and will not reinvest equity dividends automatically or otherwise. It's just something they don't do. I use Fidelity for that purpose.
As for the delay in posting the dividend to your account I have also noticed that Fidelity pos…
Reply to @MJG: Truthfully I just like rattling your cage. Interesting that you have once again adopted the Michele Bachmann style of debate but not surprising since you have always been consistent in that regard i.e. "Here's my sermon for today kids…
Reply to @MJG: I called you nothing of the sort, at best it was an inference that you are out of touch and I stand by it.
My upbringing and life history is oddly similar to yours but I would not dismiss greeters as less than meaningful, or assert …
Reply to @perpetual_Bull: Agreed and agreed. Some occasionally escape and/or rise above it while others are destined to just go with the flow. Although we may want to be the one at the top not all of us are going to get there.
however, I would not …
Reply to @MJG: In formulating my reply the one thing I couldn't get out of my mind was Dan Aykroyd's point-counterpoint admonition to Jane Curtin "Jane, you ignorant slut."
MJG, with all due respect, you need to come down off your lofty perch along…
Reply to @MaxBialystock: "Mostly, conversations about the economy and money in general are deliberately kept apart from ethical considerations."
Far, far, far to many cases of oil+water don't mix. (see Bain Capital)
Thank you all - just the kind of info I was looking for especially the 'local' tips. I generally avoid touristy stuff preferring to explore on my own but have noted the Hemingway House and possibly a kayak tour. Might have to add that bridge walk. I…
Reply to @hank: and again, the big "IF" Hank. In my initial post I noted that the folks who frequent MFO and similar are at least aware and interested enough to know that they must be doing something to prepare for the days ahead. But I don't think …
Reply to @tgeno: Personally I think you are 100% correct and a BIG IF indeed. I see more and more older folks working the checkout lanes and fast food counters and I always wonder if they are doing so just to get out of the house, or, because they h…
Reply to @msf: Not quite.
Lets just deal with your investment doubling in both accounts. The traditional account starts with $12,500, doubles to $25,000, pays taxes of $6,250 and leaves you with $18,750. The Roth account starts with just $10,000 (s…
Reply to @msf: You are, of course, right about that and I was probably a bit cavalier in my blanket statement that it doesn't matter what I do in my IRA account. What I should have said is that 95% of my mutual fund holdings are held within Roth IRA…
Back when I was wrestling with just this same question I found it helpful to check the latest Consumer Reports issue on cell phones and cell phone "plans". If nothing else it made me aware of a number of plan options outside the big 3 (Verizon, AT&a…
Thanks as well and I have a question. It would seem that you are saying that one can flip-flop between the two selling methods depending on which selling method may be more adventageous at the time of sale. I have always been under the impression th…
Reply to @Investor: Maybe this article
http://articles.chicagotribune.com/2012-05-21/business/sns-rt-us-facebook-fundsbre84k12e-20120521_1_facebook-shares-sharespost-secondmarket
Reply to @tgeno: YTD I'm not seeing it when all that separates LSBRX and DBLTX on a $10K investment is $150. Compare that amount to the separation between the two since the Doubline funds inception and the Loomis Sayles fund has some catching up to …
Frankly I don't have one. I have funds that I have held for long periods of time (i.e 5-yrs or more) but I'm not married to any of them. My portfolio evolves and changes as new information comes in and as my investing stage and station in life chang…
Reply to @Investor: Not totally correct as the northern lights are visible near the Twin Cities (Mpls-St.Paul) in winter and in northern MN frequently. Now I understand what you were talking about anyway.
I share your frustration and and the problems seem to be the worst when combined with Internet Explorer. If your game you might try using the Google Chrome browser - much faster, much slicker, better performance overall.
Investor, I am unfamiliar with a "sky that was skill illuminated." Are you saying that you saw 'northern lights' or is this something entirely different.
David, I'm betting that the White House has power. Maybe you could all go there and hang with …
Regarding WAEMX, if I'm not mistaken it is currently closed to new investors. Wasatch does a good job of closing funds when assets rise above what they consider to be managable levels with respect to doing right by their shareholders.
