Money Matters - Part 14

Double arrrgggghhhhh!!!!!

IB has intellectual property rights on my stuff. Why doesn't the Govt have property rights when we foot the bill???

I "talked to chuck" like the commercial. Victor would like that Schwab does not indulge in prognostictions for how much the market will grow or not. They DO say to overweight slightly in short to intermediate term bonds. This is what the big boys who lave lots of money for buying bonds are doing though people with money and institutional funds can handle the risk in long-term bonds as well.

At the Schwab office they had a chart showing from year to year where they saw the better investments including during the 2001 downturn. REITs made the list in 2011 but not since. I am currently comparing them to Edward Jones, Fidelity and Ameriprise. Seems each company still has different things they can do well and they have all changed a lot since ten years ago.

Agree on the bonds. Unlike some, I don't see much chance of higher interest rates for a while. I like Schwab. Used to have a portfolio with them.

So completely embarrassing and pathetic that there was serious discussion about minting a trillion dollar coin to raise the debt limit. Shows just how out of touch the 'leaders' are. Banana Republic stuff.

gawd,. I wish you were kidding.

Me too. Finally shot down for good today. Total abdication of responsibility on the part of many in government today.

CEO of automaker Tesla 'hopes' to make a profit for the first time in the next year. They have received 465 million from us. He is doing nicely, though, having just bought a 17 million dollar home.

Uggggghhhhhhh

So why do I pay for management of my retirement accounts? http://now.msn.com/orlando-cat-better-at-picking-stocks-than-professional-wealth-managers

i hope that cat is not better than my choices!

memory i think you need to put this to test and see how your cats make out.

Want to put up some seed money for the experiment?

Hahaha. That tickled my funny bone

Need to talk to my cats. BUT when your cat is named Crash, not too confident in stock picking...

:) How is Crash doing these days?

Okay. His thyroid was fine so the vet attributes the weight loss to the kidney disease. I am trying to feed him a bit extra now at midday. Thanks.

Best wishes for Crash. But get a new kitty too and name it KaChing!

Or Bubble??!

Or Bear or Bull?

Mind numbing.


"Generally Accepted Accounting Principles (GAAP) refer to the standard framework for financial reporting that most U.S. corporations employ. The act of intentionally producing false GAAP statements is a crime.

John Williams, writing at ShadowStats.com (subscription required), used the Treasury Department's latest financial statements and calculates the true 2012 federal deficit, which includes the net present value of unfunded liabilities like Social Security and Medicare) at:


$6.9 trillion

In 2011, using GAAP accounting, the federal deficit was:

$5.0 trillion

Which means the annual deficit grew at a rate of nearly:

30 percent in one year

Anyone who thinks this level of fiscal irresponsibility can last much longer, raise your hand."

sitting on my hands

Keep in mind they are referring to the ANNUAL BUDGET DEFICIT, not the national debt! Using the same accounting methods they compel businesses to use, the deficit is five times higher than the officially reported one.

victor--I can only hope you are more cheerful in your home life!!!!!!!!!!!!!!!! than on this godforsaken thread.

Still, it has to be said. It helps me understand.

No one in charge takes responsibility. Finger pointing, and waiting for the other guy/ party to change first.

Hee hee! Yes, I am good at compartmentalizing. If I were not, I'd be clinically depressed.

By the way, the pork-laden Sandy relief bill that just passed completely wiped out this year's 'increased revenue' from the tax hike on the 'rich'. Nothing new.

Their motto is "It's not really My money so it doesn't matter" (what I do as an elected official)

Yep.

Another disgusting example of the DC way. Term limits needed yesterday!

http://www.nytimes.com/2013/01/20/us/medicare-pricing-delay-is-political-win-for-amgen-drug-maker.html?hp&_r=0

Picture me with my hands over my ears like the boy on Home Alone and shouting AAAAAAGGGGGHHHH!!

New:

http://davesgarden.com/community/forums/t/1294671/