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.
Can't fix stupid. While Miami has closed South Beach the mayor of Clearwater apparently has never seen Jaws. They announced yesterday that they would close the Clearwater Beach beginning Monday, March 23rd. I believe they're thinking that a 5-day …
Loans maybe but no to bailouts in most cases. The middle class should not be on the hook for bad management practices like they were left holding the doggy bags (poop piles not food) after the financial crisis.
@WABAC - SBUX begs to differ on the not buying back their stock part. I grant that it might not be with cheap borrowed money but who knows. And really, could there be a better time if a company is looking to juice its earnings/share figure?
My biggest mistake was in thinking that certain sectors would perform and/or hold up better if this scenario unfolded. Boy was I wrong. Next time I'll be more inclined to sell nearly everything although holding nothing but cash is so anti-intuitive …
Hi home! SF is pretty wired up which will help. Happy to see they are dealing in reality. I sincerely hope all the service folks and the places they work for make it through this. Many, many happy memories.
David said "On a passing note, I just been trying to add to my BIAWX holdings but thwarted by TD's $50 transaction fee. Their soon-to-be parent sells the fund NTF, so I'm trying to see if there's any flex available."
Does TD offer a lower fee amoun…
Nope. I say move the big day up to 10 days from now if not sooner. Since most folks are staying at open we can all vote online. It'll give everyone something to do. The sooner we replace the orange menace and everyone associated with him the better.…
@OJ - true dat!
Bought 'some' FTEC - Fidelity's MSCI Info Tech ETF today. Granted it's an index but it's two largest holdings are AAPL and MSFT and they make up 38+% of the holdings. No brainer to me and I'll buy more if it continues to go down.
@Mike - ditto and 2 thumbs up on the post. Made me laugh but I have no answer for you. Maybe the first Tuesday in November. At least that's what I'm shooting for.
@Derf - Sounds reasonable. I got a 2-yr reprieve on the RMD business but I've used this downturn to convert my entire T-IRA to a Roth IRA. At before and after pricing all things being equal it has saved me 1/3 to 1/2 the taxes I would have owed even…
@johnN - Maybe you and your friend might benefit from reading this article today from Michelle Singletary at the Washington Post in her Personal Finance column.
Where to Now
"He was asking me when DOWS reach new highs >31K again so he can slowly pull out and go 50/50 before retirement"
NO ONE I repeat NO ONE can answer that question. Period. They can guess all they want but they would just be guessing.
With that mindset and elevated forms of ignorance and egotism I sit here with fingers crossed hoping for the expected positive (but not nice) outcome for her only. I feel sorry for her listeners and constituents who are exposed to such rampant stupi…
Remember when we were the ones to send aid to other countries? Good times.
Chinese businessman to donate 500,000 test kits and 1 million masks to the U.S.
Inside the administrations coronavirus response.
With apologies to clowns everywhere.
But wait, there's more. Remember how WHO offered to send test kits to the US and we didn’t take them? Then Jared Kushner was put in charge of the response?
Osc…
Good info OJ. Thanks for posting. However I do wish I wasn't in that most susceptible group. I feel healthy AF most of the time and I tend to self-isolate with my puppies most of the time anyhow.
@Bud - just what my loan officer alluded to but thank you for the report.
@david - that realtor was right, hopefully. It is a nice place.
@OJ - good advice/input all around. Thank you.
Everyone else, the seller is now paying for the critical items …
Correct Lewis but that presumes that investors are able to look long-term. However in many cases they just want the income and are unconcerned with the safety of same within reasonable limits. As for me, I only play with the heavy hitters who have l…
