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.
We also rode out 2008, but now I'm 80, and question the wisdom of trying for one more long market cycle. I've been selling down ever since late last year, when we did have losses to offset the capital gains. This year has pretty much been break-even…
I agree with Catch 100% This observation is almost a verbatim quote from our dinner table. We also would be embarrassed traveling to any other country today, with them knowing that we're American.
Not coming after anybody, you guys! @hank put it perfectly: " I’m scared too and have absolutely no idea what I’m doing." Same here!
Like @Ted, I'm going to downsize significantly before the end of the year. Am watching carefully as markets seem to…
When I was in my 20s I obtained my instrument & commercial rated pilots licenses. That training qualified me to work as an FAA air-traffic controller, which I did for a few years. I mention this only to establish that I have some residual knowle…
"Causes me to wonder too often how these folks function in other areas of their lives"
@catch22: For further reference please see: MFO discussion 45377
Per AndyJ: "Didn't bother to get briefed on exactly what was going on, complete incuriosity, and no hesitation in expounding whatever silly conclusions he came to by some bizarre form of reasoning."
No need to be so picky. Don't forget that this ma…
@hank- I have to tell you, it really has shaken my complacency with respect to our place on the Russian River. It's only 20 minutes from last years inferno in Santa Rosa, and then we have Paradise this year. As I was driving to and from the river pl…
@hank- not sure of the overall response, but the newspapers did quote one fire victim (who had voted for Trump) as saying "Trump can kiss my big Red ass!".
@AndyJ- The SF Chronicle recently reported that PG&E currently carries 1.4 Billion (!) of such insurance, but that the potential losses from the Paradise fire alone will be well over $15 billion.
A better question might be "who is stupid enough…
In my post (above) I mentioned that "Sacramento is preparing to initiate legislation similar to last year's, again allowing PG&E to fund their liabilities by revenue bonds if that becomes necessary."
Here is a link to an article in the San Fran…
With Firefox, it's not really necessary to type in anything. Simply "select" Ted's link (select: use the cursor to highlight the entire link address) and then choose "Open Link in new private window".
@Mark- Hi there. Well, PG&E hits most of Northern CA for electricity, and much of Northern CA for gas. There are lots of rural areas which don't have natural gas supplies- they use either bottled propane or small local propane distribution syste…
I agree with @Ted with respect to the State not letting PG&E go broke. However, things are very unsettled in Sacramento right now with respect to State oversight of PG&E, with talk of possibly breaking PG&E up into several smaller units.…
