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.
If there is a default, I think there will be sufficient time to buy after the political solution is reached. You might not hit the lowest of the low points. But the market will be a good ways down from where it is now. And knowing the solution might…
Last post @Bobpa posted on MFO was back in June 2022.
https://mutualfundobserver.com/discuss/discussion/comment/151173/#Comment_151173
In this post, he talked about his portfolio and holdings where VWINX is one of the larger allocation fund. Bobpa…
Every time I read the title of this thread I think
Break Glass!
BTW, I think any threat to SSI payments would result in playing the 14th Amendment card.
Might be a great buying opportunity in equities if you can lay your hands on unleveraged cash.
Might need the cash if Social Security checks don't go out.
I don't think one money market would be much safer than another if the default persisted.
4% in PFF in the taxable. Another E ticket. No need for me to sell. I can *enjoy* the ride.
After 40 years in NORCAL, their small stake in PG&E is more concerning.
Maybe the Fed can begin issuing Wilsons, Chases and Madisons again so the cash will be easier to stuff under mattresses, bury behind the outhouse, or lock up in safes.
The Fed seems to be willing to go to the wall to prevent the inflationary drift of the 60's and 70's that led to to Volkergeddon.
As for the rest . . . Clap hands for Tinkerbell.
It might work.
@Old_Joe, nice catch. Thanks for posting. Something to watch.
Stuff would have been B- to C+ back in the days when I took English classes in Jr High and High School. Lots of padding to get the word count up.
Well. Aside from my experiments at Vanguard, I'm just sticking with cash until the debt ceiling is resolved.
Might see some opportunities in equity funds in the near future. I made some token contributions to the dividend funds in the taxable last…
This conversation takes on new meaning for me as I digest the news about Federally backed money market fund and T-Bills. My thanks to those keeping it going.
I have been looking more carefully at the CD offerings available from Wells. Seems like I …
Do they expect indigent nursing home Medicaid elderly to go out and get a job too?
They're trusting private equity firms to take care of that after they come up with suitable hooks, like:
"Empowering seniors!"
@msf, a gallant effort, easier for me to read, and I appreciate the effort you are putting in. Other people will benefit; but I don't think I'll really understand it until these things mature, or at least settle on Friday.
One of the CD's is with …
@msf I wasn't ignoring your point, which began with "if." General comments about secondary bond markets mean nothing to me. Might as well tell me to hum it in the key of E.
I haven't looked at existing CD's on Vanguards site. I am going by what I s…
Your CD is fine with the settlement date. I stay with large banks and make sure they are not callable. VG would state that clearly. JP Morgan always offer callable CDs and I avoid them. Hard to find 2 yr + CDs that pay over 5%.
Like you I am bu…
@catch22. Thanks for the info. I don't follow the charts. But I do read contrarian.
I'm just looking for ways to goose the cash we hold. Not looking at total return. I don't expect to keep ahead of consumer inflation. But cash is always nice to hav…
I'm not really interested in trading CD's. Vanguard makes it easy to sort out new issues from the rest. Whether this exercise generates a few more kopeks than their money market sweep?
The taxable brokerage is at Wells Fargo (boo, hiss, grrr). Not…
Thanks @sven. The 5.05 JP Morgan is callable. The others are not. I don't mind the size of the bank if I can get 4.95 by the end of May, and it's FDIC insured. Doesn't seem real somehow.
I'll admit that I've been getting my daily dose of schadenfre…
@Sven, thanks for the info.
At my Vanguard IRA account I was able to pick up a 9 month CD that pays 5.05. Shorter terms are paying 4.95. I "purchased" them on Sunday, but they don't settle til 4-28. So I presume I am looking at the full term.
The…
Nicholas Fund. Third ave value. Sogen international. Mutual shares. Of course Fidelity Magellan. Those are just the ones I can remember. But they come and they go.
Held NICSX and NSEIX in the IRA for around ten years. Then I got nervous about…
@hank, D&C funds are cheaper than a lot of ETFs. Helps that it's privately held, group managed, and they eat their own cooking.
I wish it had been 10K instead of 1K. Most of the other investments from that time are gone with the wind except fo…
Today is the 32nd anniversary of my purchase of DODGX. It was neck and neck with SPY up until the dot com bust. From then on, SPY never caught up. What happened the last 1-3-5-10-15-20 years doesn't make any difference.
I have owned VWIGX for 30 years and 2 months. Annual returns over that period work out to 6.91. Can't say I'm excited about it. But it does show what a small investment can turn into over 30 years. And someday it will be the kids' problem.
Within t…
With EBLU drying up, can AQWA and IWTR be far behind?
I have been treading water with FIW in the IRA due to when I purchased it. FIW and CGW are gurgling along in my wife's taxable, and slack in her IRA. Timing matters.PIO and PHO are two more main…
Probably a smart move by Vanguard regardless of its particular ownership structure.
However. Given that the shareholders are the "owners," we might wonder what we are to gain by expanding to a country where business execs disappear for weeks at a t…
Isn't it odd for bond holders to take the shellacking before stock holders?
EU and England react: https://www.cnbc.com/2023/03/20/17-billion-of-credit-suisse-bonds-worthless-following-ubs-takeover.html
“In particular, common equity instruments ar…
The point is to avoid getting to the need for a Volcker-style shock. Right now we're at about half of what Volcker was faced with. Let's see if we can avoid that.
Rehashing the favorite arguments of the geriatric right, and left, from the 1970's m…
Well. That's a very interesting article about the 1970's, Bretton Woods, Maggie Thatcher, even the Trilateral Commission, and all that.
Seems to me that it's quite likely that uncontrolled inflation can be a real PITA for average people without fr…
