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.
Wonderful - I'd love to catch this one (and miss CM's show generally) but they don't seem to be running it anymore on any of the PBS stations I have access to in DC/VA/MD. :((((
My contribution to the demographic data point: I'm in my mid-40s ... and not (too) crotchety (yet). But I do appreciate early dinners, though not necessarily at 'early-bird' hours. ;)
As to the content? If a thread gets out of hand, nobody'…
"Retired" vs resigned .... I wonder what kind of "retirement" package/bonus he's getting.
Edit: AP reporter says "Right now, Equifax's CEO stands to walk away with $18.477 million in compensation for "retiring." But that bonus is currently on hold."
Almost everyone in the GOP is gunning for a 'win' just so they can say they repealed O'care. The substance of their proposals, likely outcomes, and public polling numbers are irrelevant -- the ONLY thing that matters to these people is to say they…
To encourage her support for the pending bill, the GOP's Murkowski incentive (aka "bribe") was to allow Alaska to essentially stay on the current ACA program.
I really don't have a word to describe that.
Me neither. "Obamacare is a horrible thing…
Here, here!
Him voting 'no' also gives Murkowski some helpful political cover to also say 'no' as well, I think.
@Old_Joe: Jimmy Kimmel
✔@jimmykimmel
Thank you @SenJohnMcCain for being a hero again and again and now AGAIN
Regards,
Ted
There are always the algos and idiots who blindly trade what someone suggests and on that alone. Pay no attention to the noise....
@MFO Members: It must be working !
Regards,
Ted
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A steaming pile of manure is still a steaming pile of manure, no matter how optimistic or over-reacty people/analysts are regarding it's stench.
This is the world that we live in. While I would strongly disagree with the "high-quality" comment, …
Idiots all around. As someone w/20 years in the infosec industry and literally wrote one of the first books on incident handling, internet historians down the road will be able to use this as a case study in how NOT to respond to security problem…
By contrast, THIS is an over-hyped story. I do not hold a formal CS or computing degree despite a successful career in the IT/cyber industry. Neither do many of those I learned from along the way. Heck, the best person on my team back then had j…
Speaking as a cybersecurity professional (20 years)[1] and now an academic, I can most certainly report the Equifax incident is *not* being over-hyped. This is a massive failure on several levels plus demonstrable incompetence by the Equifax IT org…
73% in financial stocks, most of which are non-cumulative distributions. No thank you .... I'm not giving Wall Street banks a loan for them to reneg on 'interest' payments to me WHEN (not if) they get into deep trouble again.
(x-posted also @ M*)
OH. MY. GAWDS.
For those looking to freeze their credit reporting data this weekend, you may find it pathetically interesting to note that the scheme Equifax uses to generate the PIN for you to thaw the freeze is, I kid you no…
I just typed 'test' (as my name) and '654321' (as my partial SSN) into the Equifax 'are you affected' website.
It says I may have been impacted. Oh really?
Other random BS variations inputted were either "affected" or "not affected." What kin…
LOL. I was thinking it would be an Irma TV news coverage drinking game. :)
Reporter standing outside in the rain & wind? Sip.
Photo of horizontal palm trees blowing? Sip.
Mention of "storm surge"? Drink.
Photos of traffic jams on the inte…
@MSF that's a fair assessment. That said I do wonder how many people do self-employed 401X accounts instead of IRAs .... or even know about them? I bet most people assume that 401X accounts are only available to employees of 'big businesses' and…
You miss my point. What I'm saying is that the IRA contribution rules assume a person will always be at or greater than their present salary levels -- which is not always the case.
Let's say you're self employed with an IRA which you contribute t…
I'm sure something will happen to retirement accounts at some point. For politicians[1], despite the potential backlash, it's just too tempting not to touch that enticing pool of restricted money.
Sadly there's still no talk of INCREASING the amo…
It's loaded up with companies that make hats? /sarcasm
Politics and investing 'themes' don't mix. Josh Brown did a good writeup on this the other day:
MAGA Muppet Bait
http://thereformedbroker.com/2017/09/01/maga-muppet-bait/
Capitalism can be crazy sometimes. Unless the next set of phones can drive me to work, slice bread, cook my meals, make my bed, and do my laundry while still making calls and sending emails at the same time, I see absolutely no chance of me buyin…
Exactly. Let the volatility pick up and premiums will come back on calls. I had to go out to Feb '18 to write a decent covered call as part of an options collar hedge I put on BA recently. So you can still find decent premiums if you either go …
An interesting question might be: "What are some unusual settings in which you've executed trades?"
I've placed, modified, or cancelled 'tactical' orders/trades[1] on my (secured) phones from trains, parking garages, and yes, even once while curl…
I mainly do my investing from my personal Macs .... but I'll also do tactical trades from my phone if the opportunity presents itself -- not all the time, ie on big news/drop days and I'm not near my laptop or desktop computers and I need to put a t…
OK, I can see the private placements thing -- thanks for the info.
I've owned 1000$ denominated preferreds before ... but sure, they're probably out of the range of most people.
So it buys preferreds. I don't see how this is any different from other preferred ETFs, though at a much higher ER (.85).
"institutional preferred securities market" .... is that marketing piffle? Their fact sheet suggests it's loaded with stuff …
It's interesting how many fund companies never see "reducing fund fees" as a way of attracting new money.....I say this as a shareholder of TWEIX, too.
The problem is that many people don't look at the par value of preferreds, just see the yield and pounce. Most savvy preferred investors will *rarely* buy a preferred trading more than one dividend payment above its call value (ie, $25).
That …
FWIW saying I don't think charging $20 fees on accounts under 10K is a horrific thing or TRP being greedy. If anything, it helps encourage people to build longer-term positions and not trade in/out of funds quickly, generate needless churn/paperwor…
Related item:
http://www.mutualfundobserver.com/discuss/discussion/34807/will-jeffrey-gundlach-s-trump-like-approach-on-twitter-work-in-financial-services#latest
I think it's farcical and makes him look like a Trump-wannabe, yes. While perhaps acceptable to him in cultivating his image, were I an investor I am always leery of fund managers who work so hard on their PR 'rock star' status and media 'optics' …
Giroux' second act? Interesting reading -- definitely worth keeping an eye on, thanks for posting the announcement. I hold PRWCX and been very pleased w/it ... though this looks to be the opposite of it, being more debt/FI-heavy than equity heavy.…
Responding briefly -- and reserve the right to quit the discussion at any time if I feel it's going off the rails into political noise.
I think the first few CEOs that quit the WH council did the right thing based on principle -- certainly the Merc…
I'm on both sites and find value in both forum communities. Is there noise that I ignore on both sites? Absolutely ... but it's well worth navigating for the nuggets of useful crowdsourced wisdom. I've leard a lot from ppl on both sites, frankly.
…
These days I'd definitely make sure they're a RIA and not a broker. When it comes to products, advice, and service the former has customer's best interests in mind; the 'broker' has their firm's best interests in mind. (although there are always e…
I think Mattis-Kelly-McMaster are solid bulwarks against him totally going off the nuclear rails. But even if some of them take a principled stand, he can always fire them and others until he gets yes-folks to do his work ... be it fire Mueller or …
