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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?
Hi @Derf. The robo is down -1.3% YTD. My self managed is -.6%. Over all down -.9%. Not apples to apples though because the robo is about 60/40 mix of eq/bnds+cash with about 5% gold sprinkled in. Where as I'm more conservative in my self managed por…
Just took a look at the #s last night. My tax deferred accounts in total are down about .8% YTD 2018, pretty much zero change over 1 year. Either I'm doing something very wrong, or this Trump-bump thing was all just a catchy phrase.
Hmmm, money laundering, Russian probe, why some people think Putin has some secret hanging over Trump... could all the puzzle pieces finally be showing a picture?
Another place Schwab is making money on that cash is through their robo, Intelligent Portfolio's. Many of these portfolios have 10% or more in cash making fractions of a percent. I've been a proponent of these portfolios and that cash % didn't bothe…
That is a great point @Old_Joe for anyone who is not watching the cash in their brokerage portfolio. The adviser I work with at Schwab pointed out to me a couple years ago that I should keep cash in their money market option instead of the sweep. At…
He certainly seems to have lost his touch, but I think he's enjoyed periods of great success not necessarily linked to BRK.
Was some periods of 'great success' lucky or brilliant? I would say the definition of a brilliant investor is one with more w…
Anyway, I came to the conclusion that Bruce might be a brilliant investor, but was a poor manager of his own company.
@Shostakovich, when was he a brilliant investor? Brilliant investors, ala Buffett, have sustained growth over many years. More wins…
I have no idea if Powell is doing a good job or a bad job. I don't believe it is the Federal Reserves job to prop up a long-in-the-tooth bull market as opposed to trying to control run-away 70's style inflation. That to me is more important than try…
@Ted, I'll bet you our local fare, the culinary masterpiece - Rochester's famous Garbage Plate versus a Chicago-style pizza, that the S&P 500 will be closer to 2600 than 3000 by year end :)
I believe Derf is correct. As value investors, D&C was heavy in financials back in '07-'08 which got hit harder than other categories. A quick look now shows the stock fund as over-weight technology and health care. Tech may be the sector most v…
@hank, I went to Edmunds.com and that $73k sticker was NOT an average price for an "average vehicle buyer". It was well into outlier status. The price range for the 2019 Ford 150 regular cab is $28-38k. In fact, the most expensive Ford 150 was a loa…
Welcome back Pudd... and Dukester. Always enjoy your posts.
FWIW, I've been converting MM cash into short term CDs, 6-13 month maturity dates for now. Not buying anything longer in duration as I expect CD rates to keep rising, so I don't want to b…
Is this the definition of "selling your soul to the devil". Pretty much, we will not judge your government sponsored murders if you lower your oil price. The new American morality.
They can go bankrupt under chapter 11 AND keep running while they restructure their debt. As Ted inferred, California most likely would not allow them to stop producing, but they can still go broke and the bond holder would still lose as John said. …
Old Skeet, do you believe the purpose of the federal reserve is to keep the stock market on a constant trend up? I Googled the purpose of the federal reserve, and I don't see that one listed.
Crazy @Derf. The Bills are starting their 5th quarterback of the season, go figure. Some guy named Barkley, whoever he is. Defense is young but very good. Can't get to optimistic though, it's only the Jets.
Thanks everyone for the responses. What I glean from these replies is that I have a lot to learn before blindly buying. I'll read the links posted here and use Schwab's site to learn more. Thanks again.
I bet other-wise than Mr. Skeet. I think we will look back a year from now and pin point October as the start of a continuous downward trend leading into a recession. Just a gut feel of course. Hope my gut is wrong.
If there is any solace for your 1 day disappointment with this fund, maybe this will help. From Oct. 1st to Oct. 29th, the S&P 500 dropped 9.9%. PRWCX dropped about 1/2 of that, 5.5%. No BS!!! Shouldn't that matter more?
You said it @Crash, and I agree. I do think though that the market has already priced in a Democrat swing. If the Trump-enablers do hold their seats, it could be an upswing in the market. Toss a coin. Personally, I'm willing to have more drop in the…
I've converted some mutual fund bond money into CDs. I don't plan any changes to equity weightings in my self managed portfolio.
I had a couple stocks on limit buy-orders kick in during this drop, but very small amounts, DowDupont and Apple. The th…
Thanks @bee. I signed up for the news letter.
We have a different definition of self directed IRA. I think of them as investing in things other than mutual funds or stocks or bonds. I see it as investing, for example, in buying and selling real es…
Great article @bee, and you are one savey early-retiree. Great job making it work.
May I ask, what is your self-directed IRA directed in, real estate, a business?
Maybe it will continue to exist in some form. i thought radioshack also filed bankruptcy right? I still see them.
Filing chapter 11 gives Sears breathing room and protection for not being sued for not paying their creditors. They can restructure deb…
@larryB, thought about it this year myself and put it off until next summer... maybe. I kind of think this is a correction, not a recession, I hope. You'll be ok.
If it's chapter 11 they still might have a chance of restructuring. Much like what Kodak did. In any case they will be small, struggling and insignificant in the stock trading world. Maybe just a slower extinction than chapter 7.
