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.
I can't access M* Portfolio Manager.
The 504 Gateway Timeout ERROR YBB mentioned previously is being generated.
Edit/Add: Able to access after fourth attempt. Not confident service won't be interrupted again.
"What are people’s opinions of changing the law so that the Fed Chair has no set term, but instead serves only at the pleasure of the President who may dismiss him or her and nominate / appoint a new Chair any time he wants to?"
This would be a ter…
"It also leaves me wondering: if this is a Merrill (or legal) rule, then why wasn't the initial transfer stopped automatically? And why did it take Merrill two weeks to discover the supposed transgression?"
Very good questions!
Thanks for the info, Yogi.
Although DJIA and SPX are highly correlated, it irks me that DJIA is not very representative
of the market and its weighting system doesn't make any sense from a market perspective.
Excerpt from Dwight D. Eisenhower's farewell address to the American people, 1961.
"A vital element in keeping the peace is our military establishment. Our arms must be mighty, ready for instant action, so that no potential aggressor may be tempte…
There is no good reason for an index to use price-weighting in this day and age.
I wish commentators would stop referring to the anachronistic DJIA when reporting market activity.
From M* PRWCX Analyst Report dated 10/03/2024:
"Although Giroux has been the main attraction, he’s not on his own running this strategy.
Three experienced associate portfolio managers provide support and cover about 30 stocks each.
Two analysts a…
A newly revised version of "The Intelligent Investor" came out on Oct. 22.
Graham’s original text remains intact but Jason Zweig added commentaries
which put each chapter in context for today’s investors.
The Week in Charts (11/08/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
01:00 Topics
02:02 A Rally for the Ages
14:29 Easing Into a Melt-up
26:18 Intel Out, Nvidia In
29:12 Earnings Update
30:41 Buffett G…
I suspect Trump’s crimes, mistakes and misdeeds *were* acknowledged, considered, and judged by many who voted for him; but, they concluded that when everything was taken into consideration, the alternative was worse. This election was the Democrats’…
Moral equivalence?
Why not focus on fomenting an insurrection and refusing to transfer power peacefully?
The peaceful transfer of power is one of the bedrocks of our democracy.
Violating this core principle should automatically disqualify perpetrato…
AP calls PA for Trump at ~2:30 AM.
Trump has 267 electoral votes to Harris's 214 votes. :-(
Looks like Republicans also won the Senate (51 to 42, 7 to be called).
Watching PBS election coverage.
Electoral vote count as of 1:00 AM ET: Trump 246 to Harris 210.
Harris really needs the "Blue Wall" states!
AP has not called following states yet: PA, MI, WI, NV, AZ, MN, NH, ME, AK.
With numerous personnel departures at Matthews Asia Funds over the last few years,
I'm not considering investing in any of their funds.
As a former MAPIX and MAPTX investor, it's sad to see what has transpired at this once estimable firm.
This is a suggestion and not a recommendation.
You may want to consider Avantis funds.
Avantis selects companies trading at lower valuations with higher profitability ratios for their value funds.
https://www.avantisinvestors.com/avantis-investmen…
"This column is named after that book, which I edited in a revised edition published in 2003.
A newly revised version comes out Oct. 22. (Graham’s original text remains intact;
I’ve written commentaries that put each chapter in context for today’s…
"Am I incorrect that Fidelity limits passwords to 20 characters - if anyone knows?"
You're correct that Fidelity passwords are limited to 20 characters.
Here are the password requirements:
Use 8-20 English alphanumeric characters.
Use at least one…
@msf
Thanks, I was not aware of this and will investigate further.
Edit/Quick Take: non-replaceable batteries, larger footprint than Yubikeys,
will not work with any MFA provider besides Symantec VIP Access
"I have also noticed 'prepared food Tax' or 'Meal tax'... as much as 12%."
I live in the Seattle area and frequently dine at restaurants.
I scanned the Tax Foundation article and discovered Seattle
has the fifth highest combined tax rate on meals -…
@Derf
Several sources indicate surcharges can only be added to credit card transactions
and not to debit card or prepaid card transactions.
However, assessing debit card surcharges is a commonly broken rule according to Hancock Whitney Bank.
http…
@bee
If merchants neglect to mention surcharges for Mastercard or Visa purchases,
they are not following defined rules for surcharging.
Visa
I am a U.S. merchant who intends to surcharge. What is the process I need to follow?
• If you intend to …
@hank
The Symantec VIP app is used for Two-Factor Authentication.
I've used it for years at Fidelity and recently with a new Schwab account.
I haven't had any issues with the app - it works as expected.
Since Symantec VIP is only installed on my de…
"I probably could do more / get more from my cards, but I don't want to open a bunch of cards
and/or play rotating-benefits/perks and keep track of all that stuff."
Same here.
That Verizon credit card is appealing for Verizon cell phone customers
with it's 4% credit for gas and all food-related purchases.
I use my Costco Anywhere Visa by Citi for gas, restaurant, and travel purchases.
This card offers 4% cash back on gas …
From Extra login security FAQs section - "What transactions require extra security steps?"
https://www.fidelity.com/security/extra-security-login
"You will be prompted to verify your identity when you perform highly sensitive transactions such as …
I've used Fidelity's Rewards Visa for approximately 8 years.
I appreciate that it offers 2% cash back on all purchases so that the cardholder
doesn't have to contend with varying cash back rates in "revolving categories."
The Week in Charts (11/01/24)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:55 Topics
02:04 A Cooling Labor Market
08:17 The Expansion Continues
10:31 All Roads Lead to Inflation
17:49 Market to Fed: Slow …
"Does GMO offer any funds that incorporate Grantham’s pessimistic views?"
Don't know if GMO has any such funds.
Several years ago an article stated investments in his foundation* did very well.
Edit/Add:
"Grantham's foundation is about 60% investe…
@msf
Good points!
I realize this is "financial popcorn" but I sometimes read these articles for entertainment.
Perhaps I should pursue a different hobby? ¯\_(ツ)_/¯
The average IRA balance could be skewed much higher if Peter Thiel's IRA was incl…
Yes, this does not compute.
Possible explanations include:
a) Americans have saved huge amounts in taxable accounts.
b) Americans will sell their businesses for large profits and use proceeds to fund retirement.
c) Americans will sell their price…
An online cash transfer was initiated
Presumably initiated from the Schwab side. If it were initiated from the credit union side, Schwab wouldn't know about it until the money hit. At that point it would be immediately available.
Yes, online tra…
It works w/o margin. I placed a test order (not entered, just reviewed) in my Schwab IRA (no margin with IRA accounts). I got a warning about potential freeriding:
1. Caution: This buy order was accepted without sufficient settled funds to trade …
