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.
@BobC- Great to hear from you again Bob, and congratulations on your smooth transition to retirement. When someone once asked my father what retirement was like he said "great... every day is Sunday!"
"Old Joe simply doesn’t realize that all of us in Michigan are geniuses"
@hank, @ Catch22-
Actually, by chance I've known quite a few Michiganders and Michigeese over the many years, and with only one single exception they've universally been intel…
@hank- Hell, Catch don't know one end of a horse from the other. But then again, our stable genius of a leader doesn't know one end of the Constitution from the other.
@davfor- You are doing your best to provide forward-looking resource management for your sister, with an eye towards compensating for future market changes, and I think that this is essential.
Earlier DavidV remarked that "He will get help in portf…
@DavidV- With respect to your question: "What would be optimal investment for consistent income return of 4%", I think that @bee, above, gives you a pretty good insight. Both @Ted and @bee are well regarded with respect to financial matters; because…
3k/mth required, offset by 1k SSDI, leaves 24k/yr to be generated. Raw, before any taxes or fund expenses, that is going to require a permanent, consistent income return of 4.8% on the 500k. That means that there is going to have to be what I would …
@Ted- Good choices but Schwab is showing Vanguard Wellington Fund Investor Shares VWELX as only "Available to Existing Shareholders". VWINX is still open, however.
@hank- If you succeed with Einstein's Theory of Relativity you'll be in good shape for the next challenge: figuring out Ted's Theory of Posting Relativity. I've been working on that one for years now with no discernible progress. :)
Have a great N…
@msf- Exactly. There is a disconnect between "17 year old female, who requires an individual plan" and "the parent is looking at other options."
I'm hoping that Catch will clarify the situation.
BTW, wishing you good health and a gratifying new y…
@Ted, @catch22-
Catch is certainly aware that younger people are generally included on their parent's insurance. Yet he specifies "17 year old female, who requires an individual plan".
Additionally, he says "And no, I don't know whether the pare…
"Just our luck at the moment."
@davidrmoran- Wasn't luck. He is the product of a well-planned, carefully orchestrated, and heavily financed conspiracy.
@JoeD- No need to go all of the way to Russia... plenty happening right here at home.
It has been well documented, and there is absolutely no doubt, that the most significant amount of money invested in Donald Trump's election was provided by vari…
@AndyJ- Also you can try clearing all of the Chronicle's cookies before browsing. They usually plant a "counter" cookie there that keeps track of your visits.
I could buy one and start "the next unwinding when the bubble pops and people run for the exits" right away.
How much are you guys willing to pay me not to buy one?
Well, leaving aside the ethical question, if "Gundlach was doing this to generate securities for him to buy" one would at least hope that the securities would be reasonably safe. Why would you create crap for yourself?
A current article from The San Francisco Chronicle: No worries about oil or coal-
"The Trump administration has halted an independent scientific study of offshore oil inspections by the federal safety agency created after the 2010 spill in the Gul…
Here's a short excerpt from David's New York Times link:
"The rush to enact the tax bill was designed to mask — as a break for the middle class — what is in fact a $1.4 trillion package of benefits for key donors and lobbyists, the richest members …
@bee- I'm afraid that I don't keep an ongoing reference list of information sources for footnoting purposes, as do some posters here- Lewis Braham and David Moran, for example. However I do absorb a large amount of information from various sources r…
There's probably a good reason that the current administration has been so involved with Russia and the Ukraine: we needed expertise on conversion of our old liberal democratic political system to the new, improved oligarchical model. Whatever they'…
