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MikeM

I know you are not a fan of his, Mona (understatement :) ) Another Bills fan!!! Junkster just sent me a note saying the same. GO BILLS! They will be right down the road from me when training camp starts next week at St. John Fisher College. But tickets sold out in hours, so I won't be going. Are you from the area, Western NY?

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MikeM
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  • In dollar terms for my $1M umbrella policy, I'm paying ~$270/yr with NYCM. Erie quoted me ~$185 for a 1-year policy, so the cost per insurance company can vary greatly.
  • I don't know how RLGBX invests on the bond side either @BenWP. I don't know much about it at all, though it looks like the same stocks in the top 10 at similar percentages to CGBL. The return trend is very similar also. I've always liked the America…
  • @Observant1, just for information in case you didn't know, Capital Group Core Balanced ETF, CGBL, from American funds parent company Capital Group is I believe a clone or at least very similar to RLBGX in stock holdings. In my quest to have mostly b…
  • I assume you mean post office mailing (?) I haven't snail-mailed a tax form in over 10 years so I'm no help. I guess it could be debated whether electronic filing is more or less safe, but I trust electronic filing more than the post office, myself.…
  • MINT has always been talked about as a cash-like substitute on this board, since I've been coming here. I've never owned it but do own similar, steady-eddy funds, FLRN and RPHYX in my withdrawal bucket.
  • @Sven, I also like the stock, Builders Firstsource BLDR. I first bought it in 2022 after a positive article in Barrons and it did very well for me. But, I made the mistake of selling it in Dec 2023, the reverse of the Peter Lynch quote, water the fl…
  • My point is that Umbrella is there so you do not have to get your hands dirty with someone whose interests may not be aligned with yours. @BaluBalu, what does that mean?
  • Thanks @Old_Joe for the feedback.
  • @Observant1, peace of mind, exactly why I bought it, even if unlikely ever needed. Most of our money is in IRAs and I have not looked at protection under lawsuits.
  • Thanks Observant. Question for the group, I just purchased an umbrella policy. Do others have this insurance? It isn't that expensive, and it keeps you from losing a bundle in a law suit, for example someone badly hurt on your property or in a car…
  • Adding to bond funds, CSOIX and RSIIX. Also staying on the conservative side adding to balanced and alternative funds BLNDX, CGBL and LCR. Also picked up a conservative commodities fund, COM, but that's more of a play than an investment.
  • Callable CDs at Schwab are paying more than MMs. I'm buying 1-year CDs where the 1st "possible" call date is 6 months from now, at 5.5%.
    in CD Comment by MikeM April 17
  • Dan, they tell you on the fact sheet when the first call date is. Most of the time, from my experience, it is 6 months from purchase and 1-month intervals after that. Go to the fact sheet and go all the way to the bottom to see.
  • Put a good chunk of cash into a 1-year JPMorgan Chase CD at 5.5%. The cash was making 5.17% in the Schwab MM so a small upgrade. Yes, it's callable, but good for at least 6 months. Put a little play money into COM (DIREXION AUSPICE BRD CMDT STRG E…
  • Pyramid scheme? We may be reading soon where the new money is being funneled to. I'm sure there will be a lot of news feeds digging.
  • More storms like today will certainly give the long-anticipated buying opportunity.
  • Thanks Mark. These are funny no matter how many times you hear them. I still remember his dead-pan face as he went through his act.
  • What else is working over the past month is commodity funds, agriculture specifically (DBA), but commodities such as gold, energy and others seem to be zigging when the general stock market zags. For momentum followers, is commodities the place to b…
  • Rest in hell, OJ. A coward even to his death bed. I don't need to watch a 'special' about the trial almost 30 years later. The trial had more to do with the contempt and distrust the black community had for the LA police department more so than the…
  • I'm actually amazed how easily UConn handled every opponent, even Perdue which had to be one of the top 5 teams in the tournament. Repeat champion says a lot for that program and that coach, Dan Hurley. Rumor-mill has it Kentucky wants Hurley as t…
  • @Tarwheel, I've had multiple CDs called since it was my preference to get higher return as long as available by buying callables. Different philosophy then everyone else here, but I figured the reason for re-calls would be the same reason to start i…
    in CD Comment by MikeM April 9
  • Hope you got to see something @Devo. Cloudy day here in Rochester. No sun or moon to be seen. Got pretty dark for a minute or 2, but that was the extent of our celestial experience.
  • @Old_Joe, it can also be called, 'the need for self-attention'.
  • "South Carolina". I watched from start to finish and besides the quick start Iowa had, I thought they were out matched in athleticism and size all game. And that big girl SC has, Cardoso, was a monster in the middle. Iowa couldn't get a rebound. Con…
  • I like GONIX+QDSNX/QDSIX, but prefer QDSIX right now. What's the key word in this sentence? "Right now". If you compare these alternative funds to other more traditional equity funds you own, they are either going to look real good, or look bland …
  • @fred495, to add to the conversation and add to your post, which I think is a good one, I'm wondering if others, especially those near or in retirement, own or are looking at alternative type 'absolute return' funds in their portfolio. I actually li…
  • Not to quibble, but I notice "absolute" is used in many different ways on this forum. Absolute return, absolute value, absolute total return. I've seen David's description on PVCMX as absolute value. It is still measure against the SCV benchmark. …
  • PVCMX is "absolutely" nothing like QDSNX, is it? I don't see how they can be compared. PVCMX is a small cap value equity fund that, when it can't find value, puts it's money into cash. QDSNX is a kind of a black box since it has the components to go…
  • I can't help in filling in the funds detail. I've never bothered with AQR funds, basically because they are such a chore to understand - for me. "Absolute returns" in their case really means you have to "absolutely" put your faith in their managing …
  • Wouldn't it be nice if the default for these credit rating agencies was to lock the accounts, and only be opened, temporarily, at request? Seems like that would be a fraud deterrent.
    in Big T data leak Comment by MikeM April 1
  • That Perdue big man, Zach Edey, was a force. It was nice to watch inside domination by a player, like the old days, instead of the new game of the 3-point barrage. Hot hand wins the game. I'll be cheering for State over Perdue next weekend but I ha…
  • His ways tell more about us Americans than him. How very true @BaluBalu.
    in Trump Media Comment by MikeM March 30
  • Thank you @Old_Joe for the links. I think I will do this tomorrow.
  • @linter, fwiw, I have money in 3 brokerages, a traditional IRA and Roth IRA with Schwab, an HSA with Fidelty and a 401k with Merrill Lynch. I would dump Merrill if I could, but that is where I hold PRWCX and I don't want to lose it. TRP was the long…
  • Exactly @JD_co. There will always be the latest and greatest fund we need to buy. We researched it meticulously!
  • Personal summary/note: one doesn't need to be excessively involved in a complex portfolio to have a decent return over time. Agree @catch22, though it's more fun thinking we are actually steering the ship :) Often investing reminds me of my grandson…
  • NC State has come out of no-where to win the ACC tournament and now deep into this tournament. Clemson wasn't great either all year, but they both got hot at the right time.
  • Sorry, but there is more to a manager's job than "only" following "time-tested valuation disciplines". At some point, there is a huge loss of return, over time, using this philosophy only. I'm not a fan of a manager who says they can't invest becau…
  • Thanks @Crash for the info. Maybe we'll end up with a Catholic showdown in the final 4, Marquette and Gonzaga!!!