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.
Two options/scenarios:
1 - Pending legislation in Senate & Congress to dissolve Federal Reserve Board.
2 - Replace current FED governors/members/Chair with conservative candidates - just like Supreme court judges.
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No net inflation for me other that insurance since I am getting 5% on my MM account.
Insurance industry is working together as monopoly even though they are regulated.
I am sure people who are employed are getting more money in salary.
Reason - ca…
MAGA Republicans want this - default would be "a catastrophic blow to the already fragile economy. -> They can then blame Biden for this and their chance of winning the next election - a strong possibility. I am waiting for this moment (default, …
MAGA party should come up with a new budget for the future with provision for surplus to pay the debt since debt was not created by Democrats only. Majority of times, budgets are passed by both parties together.
Me, not worried at all, dip in various asset prices will be temporary at best.
Do you expect China & Japan selling their treasury bills cache? They hold more than 1 Trillion US$ worth of treasury bills each.
Saying - if you take a loan of say …
India is at the crossroad of embracing the west or Putin -> to the contrary - it is playing both cards - One side it is supplier of goods to sanctioned Russia & importer of crude and arms and on the other side - it is playing with the West fr…
Slowing moving my investment in Growth stock funds to dividend producing ETFs & individual bonds and preferred stocks since I will be fully retired in 2023 and am collecting SS.
Thanks to everyone for wonderful suggestions. I really really really appreciate them.
I like the plan to use protonmail and will create an email account and use it with all the sites I interact with so only truly junk mails will go to hotmail accou…
This is what I have done recently (reported on another thread).
I bought a preferred stock JPM-M, the company is very safe from default for US$ 16.998 per share, coupon is 4.2% with first call date being 9/1/2026.
Income is 6% to me based on my c…
Progress I want to share for your comments, dipping my toes in income investing.
Bank preferred - JPM-C & -M & BAC-B -> will get around 6% till they are called, bought under-par so some scope of CG when they are called.
Agency bonds - wi…
YB-Let me try - Cusip - 912796ZU6 UNITED STATES TREAS BILLS ZERO CPN 0.00000% 02/14/2023 - asking 98.6860 ask yield 4.155 what will I get when it matures on 2/14/2023.
Thanks,
D
Graust - my understanding was 1/4 of 5.75 but wrote incorrectly - will fix.
I am looking at new issue now in my fidelity account - cusip - 17330RME2 CITIGROUP GLOBAL MKTS HLDGS IN SER N 5.45000% 10/21/2024 MTN - looks like 2 year Bond - callable af…
YB - I am just starting my journey on this individual bond purchase so not confident about buying bonds in secondary market at this time
Progress - I checked my Fidelity account - trade executed today at 3:58 p.m. I now own 100 bonds of 3134GX4W1 F…
This helped me a lot.
FYI - My account is with Fidelity so it was the source of CUSIP number.
3133ENT26 - it got fully subscribed so couldn't buy today.
So went with cusip - 3134GX4W1 FEDERAL HOME LN MTG CORP MTN 5.75000% 10/27/2027 ('AAA' rated …
May be nuclear attack by Russia.
That rich investor may be Elon Musk> Elon Musk supports Russia keeping Crimea—because he’s worried about nuclear escalation and World War III ('Fortune.com'.)
Debt ceiling discussions in Congress should be discontinued. Congress (both parties) knows very well that we will breach it when we hand out goodies & don't balance it with revenue increases. It moves from one hand to other so it is like funny m…
Thanks a lot Bee for commenting and correcting me.
Initial withdrawal - 4% annually
Will claim SS at the age of 70 (corrected)
PV - overlooked - based on the historical analysis - value of portfolio increased with 4% withdrawal in the last 5 years. …
China is prevented from making semiconductor chips using American technology - may be this is the reason (a major supplier taken out), don't know for sure? Or may be Just-in-time manufacturing is to be blamed - supply chain interwind so no stocking …
We are making progress & will continue to - it's in the nature of being Human (sometimes slow and other times fast) - whether we accept it or not due to the color of glass we wear. For shout out loud, we are flying Helicopter on MARS (Voyager 1 …
My plan is to take Social Security @FRA and use it to pay taxes when converting Regular IRA to Roth since 100% of my retirement (no pension) investment is in tax differed IRA+401K. SS will pay my home maker spouse after I clock out.
One of the best investment I think for intermediate term will be power generation companies using natural gas feed (cheaper and less polluting than gas burning in the ICE cars) because thousands/M of electric vehicles will charge in the night. Power…
Any fund 'actively' managed should sell the holding since they know the stock is not worth what it is priced at. One of these days it will unravel and everyone will be holding the bucket. Index funds - don't think they would sell - they need to foll…
Trillions of $s spent on military gadgets didn't save us from hackers.
It didn't save us from covid-19 - this is really very sad state of affairs.
Help people survive from this pandemic - stimulus - raises questionable debate.
Republicans would have…
As I am getting close to retirement next year, I will complete conversion of DSEEX to PHSKX & VLAAX (reason - DSEEX March 2020 performance, too volatile).
They are serving need of the people to socialize and NOT the will of the politicians. They will become more powerful standalone. They are not tied to physical links like phone company. This is my take on this. Politicians like DT will exploit 3 chan…
