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.
@msf- Thanks for the additional info. You're most likely right on the "master account" issue, but it really doesn't matter to me what the actual mechanism is, as long as the CD is shown as living in our Schwab account rather than in the issuing bank…
@MikeM- evidently our posts here were being composed simultaneously, so they are a bit out of sequence. I believe that your term "sweep account" is identical to my term "brokerage account". Below is my latest reply to you:
OK, thanks for the clarif…
@MikeM- I don't see the 'select new offerings' group in the Schwab CD section. I'm probably doing something stupid, as usual. I do see a relatively short list of the highest yielding new CD offerings. Any hints?
If you purchase a CD from a bank on…
I've known a fair number of unnatural persons in my time. As far as I know, they were all conceived by humans (maybe that needs some research). But then, this is SF. :)
"At what point the Republican Senate turns and pushes for “substantive action” is hard to say or foresee."
That will only happen after Fox News broadcasts that Individual #1 attempted to use his Russian contacts to order a take-out hit on Mitch McC…
@hank- Thanks for pointing out the tax-sheltered accounts conversion to MMKT. I'd meant to mention that, but overlooked it. Yes, that's exactly the situation with our stuff. I'd rather get 2% on an IRA MMKT than keep losing x% to a down market. On t…
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
