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.
Go with the crowd because the crowd makes self-fulfilling decisions? Lots of people buy because prices go up because lots of people buy?
By that reasoning, the S&P 500 (TR) should be outperforming the S&P Top 50 (TR), and yet ...
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This almost feels like the moment when PRWCX announced closure and I snuck in before building a sizable position that's done okay by me .... I'd be inclined to get a toehold in it now, but not thrilled about having to create another account just for…
Relatedly, I'm a likely long-term buyer of INTC if (er when) it drops further should rumors be true that NVDA will replace it in the Dow.
NVDA seems more like a momentum stock these days, so not interested in it.
All these changes, big and small. "New and improved." And it accomplishes what? Nothing is routine anymore. The machines are in charge. And the machines don't do what they're supposed to do, because the humans gave them faulty, incomplete informatio…
Does anyone sign the back of credit cards these days?
I bet you could sign "Mickey Mouse" every time you're asked to sign and never get questioned. Nobody ever looks at them. Total waste of time. IMHO
In the past I've signed my credit card. 'Sign…
Been using debit cards since the mid 70's. I remember that some even dispensed coins for a little while. I don't think we had credit cards til the early 90's.
and besides I prefer not to let retail companies have my checking account information.
Y…
Been using debit cards since the mid 70's. I remember that some even dispensed coins for a little while. I don't think we had credit cards til the early 90's.
Can't think of the last time I used my debit card to buy something in the past 30 years. …
I miss plastic cards you could cut up and dispose of yourself, not the new metal ones that require an envelope from the vendor to return the card in.
On the upside, I have used expired metal cards as ice scrapers, so there's that. :)
Chat conversations are very much with a human and the service that I've gotten from them has been just fine, thank you. You talk about people as if they were your personal servants. I'd surely pity anyone unfortunate enough to have to work for someo…
@rforno- why don't you try using their "Chat" service to ask someone directly? Hard for them to ignore that. Another possible option- we've been assigned an account poobah, but have never had any traffic with him. If you also have a "dedicated" acco…
quick Schwab update: In 2024 I've sent several messages to CS' customer service for various and fairly (basic) enquiries ranging from why I couldn't DRIP something to asking them why some income wasn't showing up on my Projected Income page. On a…
@WABAC - The other way around. "Musk had redirected about 12,000 Nvidia H100 graphics processing units originally shipped to Tesla (TSLA) to two of his other companies, X and xAI."
Talk about a conflict of interest and/or corporate malfeasance.... a…
I was reminiscing about STU-3s, CIGs, and PRC-77s with a friend a few weeks ago and stopped midsentence, going "damn, I'm getting old...."
I trained/schooled for intelligence/national security/foreign policy, but was a good geek, and found a ca…
Having said that may be PRWCX will perform better than its peers in June if the Tech trade and market takes a breather and the overweight HC outperforms. What stumped me was it underperforming. TCAF that much.
PRCWX traditionally lags its peers …
”I recall when Steve Jobs returned to Apple as interim CEO in late 1997.
Apple's stock price was very low at the time and Jobs brought a lot of energy to the struggling company.”
Recently spent a pleasant day wandering Central Park - but it might w…
@rforno what's the basis of the prediction? I dont have a long position in NVDA but I wonder if there is a specific thing you are seeing or a generalized sense of anxiety (if so, the line is long ;)
@Sven and I use the same crystal ball..... (se ab…
Some great discussion here! I thought my comments would've just been another thimbleful in the maelstrom here, i had no idea it would take off as it has. Interesting points are being made in this thread, which I appreciate.
I predict NVIDA is going to crash hard very, very soon - like 90% crash overnight into NOTHINGNESS!! Sell while you can still profit from it!! :)
/ducks
This SEC has been a disappointment. They are just entertaining themselves with small stuff and missing big stuff like SBF. The whole Alameda and FTX complex was allowed to continue until market forces took them down. One may say prior SECs were n…
“highly sophisticated” investors = what a joke of a concept to describe inestors. Most of 'em aren't any better investors than MFO regulars, except that they have deeper pockets and play with OPM instead of their own.
Bought 1000s Spire-A shares for income ... callable in October.
Bought 500s TRP following yesterday's shareholder vote on Southbow spinoff. Not sure I'll keep the spinoff shares but I like TC's pipeline footprint.
(I may move PBA and TRP over t…
32 eminis. size.
8 eminis was a 'normal' sized position for me at the time To be in a position 4x that and going in the opposite direction was ... amusing.
Hah.
The closest I ever got to 'winning' in such a situation was back in the mid-00s when the platform I was trading futures on locked hard and wouldn't send confirmations of trade execution. When the data got fixed I was suddenly short 32 S&P…
For taxable account, you can consider USSH, WisdomTree 1-3 yr Laddered Treasury, ER 0.15. Same as USFR.
We are shifting to 1 and 2 year treasuries as they are rising in recent weeks.
With less than $1M AUM and an average daily volume of < 30…
Dumped the cash into SGOV. Far cheaper than Schwab's Treasury MMFs and I won't be paying Schwab an insane fee for the privilege of holding my cash.
@rforno why did you decide against USFR?
Didn't feel 100% going into floaters at this point in …
WSJ reporting that MS may boot Gill from ETrade over manipulation concerns, so I guess BBF was right, this time there might just be some manipulation afoot. (The article says MS is debating on what kind of retail blowback they'll get if they actual…
I like FLRN a lot. A nice steady trend. If you extrapolate out the 1 and 3 month results, it is returning in the range of 6.8% and 7.2% respectively, very close to it's 1 year return of 6.9%. I also hold RPHYX in this space.
Going out a bit farther…
Oh there's always the piker mania and get-rich-quick schemes every few years - remember the daytrading rage during Dot Com? The housing bubble, another one. And so forth.
I just find it amusing in this case -- but I don't see the USG or Fed backs…
PBS Newshour. That's it for me.
I became a NewsHour regular the week after 9/11 when the cable nets went full jingoism with thier CGI flags and what I saw as forced patriotism coloring everything. Then when they focused more on embeds and the made-f…
Indeed. They've been on a spending spree lately, for better or worse.
I'm sure a lot of people who were Kelcy'd years ago are watching things (and their distributions!) very closely....
We have been sold on hate, and US citizens keep buying. Blame the media, blame the political machines, but also blame people all too willing to be manipulated. FOX takes propaganda to an entirely new level, and folks just Hoover it down.
I…
Thanks for the reminder @yogibearbull. I earlier this morning bought a fed-agency bond and moved money to the sweep right after to cover it.
Schwab's cash management is really giving me the desire to open a Fido account, since T-1 wouldn't be a pro…
That is a great movie clip. It also introduces the CDS (nothing to do with CDs) that really blew up and tanked AIG, etc during the GFC. The Feds had to come to the rescue of these insurance companies and/or banks to the tune of hundreds of billions …
Is this convertible? I suppose not, given the 6% stated Div. Is it uncommon among utilities to issue convertibles?
You're probably looking at the note (CMSC) that pays interest. I own the 'traditional' preferred stock (CMS-C) that pays QDI... o…
