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.
According to the court records:
An MIT dean emailed the head of an MIT committee overseeing the plan: "If we're not switching to Vanguard or TIAA Cref, I am going to expect something big and good coming to MIT"
Jerry Schlichter, the attorney for th…
For the old-timers here who remember the poster "Scott", you may recall that back in 08/09 he was very negative and pessimistic regarding the efforts of Ben Bernanke and the Fed to try and get the economy back on a growth path.
He and I frequently …
A current NPR article is reporting that:
MIT To Settle Suit Alleging It Hurt Workers In 401(k) Plan
The Massachusetts Institute of Technology has reached an agreement in principle to settle a lawsuit that alleged that MIT, one of the nation's most …
@rforno- like you, I don't consider our cash positions to be an investment position. I believe that this perspective is not widely shared here on MFO.
My wife and I each have both pension income and SS income. This income exceeds our normal expense…
"Just because a fund is performing well doesn’t make it a suitable investment for all people or even most people."
@LewisBraham- Yes, that's pretty much what I said also: "But Junkster is an old hand, and if he can make money treading where most of…
"benefits will not be reduced, taxes will be raised, at nearly the last minute"
Yes, but as usual, not enough to actually fix the system permanently. They will be raised just enough to patch things over for ten years or so, at which time the proble…
"If it turned out the Walmart were screwing its workers"
@BenWP- Perhaps you meant to say "If it turned out the Walmart were screwing its workers in ways that we haven't yet heard about"?
"a pricing system called fair value for estimating"
i.e.- a pricing system that allows us to claim whatever value is desired to make our stuff look good.
@LewisBraham- I have little doubt that everything that you said is reasonable. But Junkster i…
The White House is a circus and the clowns are in charge. Wouldn't you really love to be able to eavesdrop on the private comments of the leaders of other countries? Actually, maybe not. It would be very disheartening.
We own, or have owned at various times, the following of Old-Skeets funds: ANCFX, CWGIX, AMCPX, ANWPX, SMCWX, ABALX, AMECX & CAIBX. Additionally, AHITX, ANEFX, TAFTX, & AMHIX.
Very satisfied with American Funds overall. Investing with them …
I love it. For 30months Fox idolizes and drools over the magnificence and brilliance of Trump, and the right wing laps it up as the revealed truth from God. But let Fox have a small difference of opinion and it immediately becomes "fake news".
You …
But a board of 100% white males isn't favoring them by a gender/racial quota system, because obviously there were no qualified females or persons of color other than white. Sure thing.
Essentially we are talking about perpetuating a gender/racial q…
A bit more on this- Excerpts from a current article in The Washington Post:
HONG KONG — With her city facing an abyss, in her words, Hong Kong leader Carrie Lam strode to the microphone this week and reasserted that urgent steps were needed to pacif…
Interesting picture that you'd like to draw. If a corporate board is comprised of all men, that's normal, natural, and just the way it goes. If they try to diversify the board members, that's "choosing favored genders/races".
Typical right-wing war…
The quintessential big brother state. Very scary... they're already more than halfway there. Add in rigid internet control/monitoring/censoring, facial recognition technology, and Xi's command/control philosophy and it really is 1984. Yes, the peopl…
@Derf- No purchases as far as I can recall. Just held on and hoped for the best. I'm really a financial coward at heart. But we had just retired, didn't yet have a good feel for how our income stream would shape up, and were afraid to risk more beca…
@Mark- Well, it's no surprise that some folks feel free to make any kind of statement whatever these days and expect to have everyone accept it as fact without any question whatever. Leadership from the top, and all that...
I knew that we were in b…
A shocking article about SS.
Shocking because its coming from Marketwatch, but is nevertheless very well thought out, objective, fact-based and easy to understand. I wonder how an article this helpful made it past the Marketwatch editor.
I have to …
Well, my wife and I experienced 2007/08 just after we had retired. Being a firm and long-time believer in the Murphy principle I wasn't terribly surprised. But we held on and came out the other side in decent shape.
@Crash- The 6% dividends are nice, but don't lose sight of the fact that the market value of the stock itself will take a hit in the next downturn. That's of little consequence as long as you plan to hold the stock for a fair amount of time, but als…
