Search found 152 matches

by ribonucleic
Wed Jul 12, 2023 10:04 am
Forum: Investing - Theory, News & General
Topic: Anyone leaving Bank of America following the unpleasantness?
Replies: 8
Views: 911

Re: Anyone leaving Bank of America following the unpleasantness?

BogleTaxPro wrote: Wed Jul 12, 2023 9:58 am I've been a customer since 1977 and the only unpleasantness I've experienced was a long line at the teller window back in 2013.
If that wouldn't lose them your business, I guess nothing would. :happy
by ribonucleic
Wed Jul 12, 2023 9:57 am
Forum: Investing - Theory, News & General
Topic: Anyone leaving Bank of America following the unpleasantness?
Replies: 8
Views: 911

Re: Anyone leaving Bank of America following the unpleasantness?

Guess they didn't learn their lesson the last time. In April 2014, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to provide an estimated $727 million in relief to consumers harmed by practices related to credit card add-on products. According to the Bureau, roughly 1.4 million customers were affected by deceptive marketing of add-on products, and 1.9 million customers were illegally charged for credit monitoring and reporting services they were not receiving. The deceptive marketing misconduct involved telemarketing scripts containing misstatements and off-script sales pitches made by telemarketers that were misleading and omitted pertinent information. The unfair billing practices involved billing customers for pr...
by ribonucleic
Wed Jul 12, 2023 9:52 am
Forum: Investing - Theory, News & General
Topic: Anyone leaving Bank of America following the unpleasantness?
Replies: 8
Views: 911

Anyone leaving Bank of America following the unpleasantness?

Today, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses explicitly promised to credit card customers, and misappropriating sensitive personal information to open accounts without customer knowledge or authorization. The Office of the Comptroller of the Currency (OCC) also found that the bank’s double-dipping on fees was illegal. Bank of America will pay a total of $90 million in penalties to the CFPB and $60 million in penalties to the OCC. https://www.consumerfinance.gov/about-us/newsroom/bank-of-america-for-illegally-charging-junk-fees-withhol...
by ribonucleic
Sun May 30, 2021 9:03 am
Forum: Investing - Theory, News & General
Topic: "Stay the course"?
Replies: 27
Views: 5712

Re: "Stay the course"?

BalancedJCB19 wrote: Sun May 30, 2021 8:50 amGotta go my Rolex AD is calling me. Honey, where's my credit card.
Watches are an expensive hobby.
by ribonucleic
Thu Mar 11, 2021 7:19 am
Forum: Investing - Theory, News & General
Topic: Vanguard Website
Replies: 291
Views: 36298

Re: Vanguard Website

My experience was as a programmer on an application that supported multiple end-user platforms. Our approach was to make the best experience for each platform without one platform driving the others. We just rolled up our sleeves and did the work... without a billion-dollar budget. Apparently, something else is going on nowadays.
Mobile rules the roost now and presumably forever more. And people don’t want to learn one new UI, let alone two. So desktop users should get used to interfaces designed for an inferior medium.

[shrugs] They tell me Betamax was better too.
by ribonucleic
Fri Mar 05, 2021 7:55 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 272
Views: 32649

Re: Non-fungible tokens (NFTs): anyone investing in those?

Some people are really stubborn when it comes to anything new. NFTs have loads of use cases. It bogles my mind that one can accept cardboard prints of baseball players being worth loads of money or literal rocks, but NFTs are too hard to comprehend. Not that I’m necessarily innocent of being An Old angrily puzzled by today’s kids and their noisy music, but to my mind, there’s a clear difference. Since I don’t care about sports, let me use as my example a first edition of James Joyce’s Ulysses that sold for £275,000 back in 2009. https://www.theguardian.com/books/2009/jun/04/ulysses-sells-record-price The words are monetarily worthless. The text is in the public domain, downloadable for free from Project Gutenberg, and you can make 100 copi...
by ribonucleic
Wed Mar 03, 2021 8:08 am
Forum: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 272
Views: 32649

Re: Non-fungible tokens (NFTs): anyone investing in those?

The disproportionate amount of electrical energy consumed by this enterprise has... how can I put this neutrally... hidden costs.
by ribonucleic
Fri Feb 05, 2021 9:49 am
Forum: Investing - Theory, News & General
Topic: 10 interesting and useful ETFs with less than $1b AUM
Replies: 47
Views: 6723

Re: 10 interesting and useful ETFs with less than $1b AUM

THNQ has an expense ratio of... [looks it up] ... 0.68%.

That may be reasonably priced for what it does. But it’s too rich for my blood.
by ribonucleic
Thu Jan 28, 2021 9:38 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: [GameStop GME trading mega-thread]

F150HD wrote: Thu Jan 28, 2021 9:32 pm wondering where this lawsuit will go....

Robinhood hit with class action lawsuit after it restricts GameStop stock
Unless the lawyers who drafted their Terms of Service were incompetent: Nowhere.
by ribonucleic
Thu Jan 28, 2021 3:42 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: [GameStop GME trading mega-thread]

LOL... doubled in price then gave it all back in 20 minutes.
by ribonucleic
Thu Jan 28, 2021 3:40 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: [GameStop GME trading mega-threa

sapphire96 wrote: Thu Jan 28, 2021 3:29 pm I think what we are witnessing is going to have profound, long-term changes to the financial industry. This is a once-a-quarter-century historical event, one that may end up in the history books.
The Senate hearing should be the usual pageant of windbaggery and tech ignorance. (I don’t envy the aides who will need to try explaining Reddit to those cosseted septuagenarians.)

But nothing is going to change. Even if by some miracle there was bipartisan support to outlaw short-selling, the hedge funds would just move to Russia or some other more freedom-loving location.
by ribonucleic
Thu Jan 28, 2021 2:33 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: Is Game Stop, AMC etc affecting Bogleheads?

If WSB does manage to bankrupt a hedge fund, don’t be surprised if it turns out that some town or college was investing with it and goes down too.
by ribonucleic
Thu Jan 28, 2021 1:57 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: [GameStop GME trading mega-thread]

exodusNH wrote: Thu Jan 28, 2021 1:47 pm
ribonucleic wrote: Thu Jan 28, 2021 1:29 pm You could argue there are free speech considerations.
Freedom of speech only applies to government restrictions. Private entities are not held to the same restrictions. (Hence, why this forum is perfectly within its rights to delete posts that don't follow the rules. As my father is wont to say -- "my house, my rules.")
I should have been clearer. Yes, a brokerage company can set its own terms of service. But I have a strong feeling this is going to end up with new laws meant to punish future WSB types for organizing on the Internet.
by ribonucleic
Thu Jan 28, 2021 1:29 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: [GameStop GME trading mega-thread]

New Providence wrote: Thu Jan 28, 2021 1:27 pm Trading is so very essential to our way of life that it should almost be almost like a Utility. You can't just cut off water or electricity whenever the provider feels like it.
You could argue there are free speech considerations.
by ribonucleic
Thu Jan 28, 2021 11:51 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Aaand here’s the first lawsuit from a Robinhood user.

https://www.bloomberg.com/news/articles ... f-gamestop
by ribonucleic
Thu Jan 28, 2021 11:46 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Yep, they might be done. Their core demographic are the same people that hate the establishment and were scooping up GameStop. Everyone from all sides of the aisle is calling for their head on twitter.. When was the last time you saw Ja Rule, AOC, Ben Shapiro and Donald Trump Jr. in agreement? :D I'm not disagreeing but who is the alternative for these type of investors? RH made it so easy and broke down entry barriers to trading for people in this demographic. Are there other trading apps like RH for these people to migrate to? RH made it easy for short attention span individuals to trade on a phone. Lets not pretend they are in the same league as VG/Fido/TD/etc. I'm not sure that was a good thing now that we are watching the GME boat not...
by ribonucleic
Thu Jan 28, 2021 11:09 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Fall out for Robinhood will be interesting. They just alienated their core base. Yep, they might be done. Their core demographic are the same people that hate the establishment and were scooping up GameStop. Everyone from all sides of the aisle is calling for their head on twitter.. When was the last time you saw Ja Rule, AOC, Ben Shapiro and Donald Trump Jr. in agreement? :D I'm not disagreeing but who is the alternative for these type of investors? RH made it so easy and broke down entry barriers to trading for people in this demographic. Are there other trading apps like RH for these people to migrate to? RH made it easy for short attention span individuals to trade on a phone. Lets not pretend they are in the same league as VG/Fido/TD/...
by ribonucleic
Thu Jan 28, 2021 10:51 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Up 66% from the bottom half an hour ago.

So much excitement!
by ribonucleic
Thu Jan 28, 2021 10:30 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

BackOfTheNet wrote: Thu Jan 28, 2021 10:27 am
ribonucleic wrote: Thu Jan 28, 2021 10:08 am The efficient market informs us the the stock is now literally half as valuable as it was an hour ago.
I guffawed at this. :sharebeer
Is there a precedent for a stock losing half its value in one hour?
by ribonucleic
Thu Jan 28, 2021 10:24 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

ensign_lee wrote: Thu Jan 28, 2021 10:19 amRobinhood is clearly engaging in market manipulation by not allowing users to purchase shares of GameStop and other stocks - only allowing them to sell.
Companies are not your friends.

If Vanguard, Fidelity, or Schwab have to do the same thing to protect their bottom line, they won’t lose a minute’s sleep over it.
by ribonucleic
Thu Jan 28, 2021 10:17 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

imflyboy wrote: Thu Jan 28, 2021 10:15 am GME tanking! Down to $153!
The children will ask us “What were you thinking?”

And all we’ll be able to say is “You had to be there.”
by ribonucleic
Thu Jan 28, 2021 10:15 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

JiggsJazzCar wrote: Thu Jan 28, 2021 10:10 am
CoastLawyer2030 wrote: Thu Jan 28, 2021 10:02 am Got in for one share at $312. Let's see if my wife gets a free dinner or not.
Looks like you might be cooking dinner at home tonight. :)

Many couches will be slept on.
by ribonucleic
Thu Jan 28, 2021 10:08 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

The efficient market informs us the the stock is now literally half as valuable as it was an hour ago.
by ribonucleic
Thu Jan 28, 2021 10:01 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Rashida Tlaib tweeting a call to have the SEC investigate Robinhood’s trading restriction as “market manipulation”.

If her track record of success is any indication, Robinhood is in the clear.
by ribonucleic
Thu Jan 28, 2021 9:56 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

retiringwhen wrote: Thu Jan 28, 2021 9:49 am I fully expect a series of Class Action Lawsuits for blocking these trades. That will be popcorn time.
That would be the final irony. The lawyers get rich and the participants get peanuts.
by ribonucleic
Thu Jan 28, 2021 9:36 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Everyone thinks they can tell which player at the poker table is the sucker.

Some of them will be proved wrong.
by ribonucleic
Thu Jan 28, 2021 9:00 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

as9 wrote: Thu Jan 28, 2021 8:57 am I don't think it's set in for many that every perceived slight against the average person is only going to make this a crazier ride up. I say "perceived" because it doesn't even matter if it's real or what the reasons are, but Robinhood stopping trades, CNBC saying Melvin closed their positions, these stocks tanking after-hours when the average person can't participate, etc. are all being used as ammo.
Surely, everyone who’s participating in this out of a sense of social grievance has been doing so for some time - and all the new arrivals are just tulip speculators.

Or could I be wrong about that?
by ribonucleic
Thu Jan 28, 2021 8:53 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

I see a lot of people excited about the prospect of fast easy money.

That usually doesn’t work out.
by ribonucleic
Thu Jan 28, 2021 8:02 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

njuser wrote: Thu Jan 28, 2021 7:48 amIt's not some kids trying to make quick money.
I’m reminded that Jim Jones exploited desperate people’s hopes for a more just society.

It didn’t end well.
by ribonucleic
Thu Jan 28, 2021 7:22 am
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Interesting take from podcast host Scott Galloway:

https://nymag.com/intelligencer/2021/01 ... ising.html

1) Millennials were bound to fight back against the current grotesque level of income inequality one way or the other.

2) COVID isolation is exacerbating the ill effects of young men not having constructive economic and social outlets.

3) “The market tends to get its revenge.”

My take on the last is:

1) The poor are not allowed to take money from the rich. The government will be successfully lobbied to punish future and possibly present practitioners of this idea.

2) When the music stops, some hedge funds will be found to have profited as much from this as many of the good guys put together.
by ribonucleic
Wed Jan 27, 2021 9:09 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

Meanwhile, over at MetaFilter:
Bogleheads, a conservative long term passive investment forum has a very active discuss of GME right now, which tells me this is going big.
https://www.metafilter.com/190173/The-G ... ng#8056104
by ribonucleic
Wed Jan 27, 2021 8:39 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 400711

Re: GameStop GME: anyone joining?

The one thing I'm sure of is that an interesting book will be written about this someday. [OT comment removed by admin LadyGeek]

Regardless of whether some nice people make a lot of money and some not nice people lose a lot of money, I have a superstitious conviction that A) nothing good will come of this, and B) it's a symptom of how fundamentally broken capitalism has become.
by ribonucleic
Wed Jan 27, 2021 3:43 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer survey
Replies: 21
Views: 2357

Re: Vanguard customer survey

Customer service rep 101 training is to not just hear the customer but empower the rep to either solve the problem or kick it upstairs to someone who can. Obviously, the rep is not empowered to hire the dozens if not hundreds of extra people that would be necessary to get wait times to a tolerable level. His direct supervisor - which is the highest level the rep has access to - is not empowered to do that either. Maybe the person he reports to might be able to meaningfully petition for increased team sizes. But the budget approval to actually do it would be at least one and perhaps two levels above that. Realistically, the company will need to lose a lot of business and do marketplace surveys telling them why before there will be genuine c...
by ribonucleic
Wed Jan 27, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard customer survey
Replies: 21
Views: 2357

Re: Vanguard customer survey

Kevin K wrote: Wed Jan 27, 2021 2:15 pmHere's the canned response
With all due respect, would a handwritten letter of apology from Vanguard’s CEO have left you any less dissatisfied with the wait times?

Whichever brokerage company you use, it is going to have a great deal of importance to you while you have very little importance to it. That’s simply the scale of things.
by ribonucleic
Wed Jan 27, 2021 1:39 pm
Forum: Investing - Theory, News & General
Topic: new Vanguard Ultra-Short Bond ETF
Replies: 66
Views: 11192

Re: Vanguard plans to add Ultra-Short Bond ETF to lineup

Stinky wrote: Wed Jan 27, 2021 1:23 pmI know, I know, the Fed is going to keep interest rates low forever. But there is some real principal risk on this fund - not stock-like, but certainly not money market fund-like.
Well, since you mention it...

What’s the scenario for, say, a 1% rate increase? Everyone gets vaccinated and rushes out to go shopping and the economy heats up so fast that Yellen has to do some braking?

It just feels like this is going to be the new normal and it’s discouraging.
by ribonucleic
Mon Jan 25, 2021 11:32 am
Forum: Personal Investments
Topic: How high will VTI go?
Replies: 18
Views: 1960

Re: How high will VTI go?

Godot wrote: Mon Jan 25, 2021 11:27 amVTI will hit $4,000 on March 3rd at 10:45 am.
Now that’s actionable!
by ribonucleic
Mon Jan 25, 2021 11:27 am
Forum: Personal Investments
Topic: How high will VTI go?
Replies: 18
Views: 1960

Re: How high will VTI go?

If you’re really in it for the long term, it will peak and crater several times before you sell.

So to be in proper Bogle Mind, you shouldn’t care.
by ribonucleic
Sun Jan 24, 2021 12:43 pm
Forum: Investing - Theory, News & General
Topic: ‘Frogs in boiling water’: Urgent warning for 50% market drop
Replies: 188
Views: 36134

Re: ‘Frogs in boiling water’: Urgent warning for 50% market drop

Is there a low-cost ETF that will let you invest in frog breeding?
by ribonucleic
Sat Jan 23, 2021 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank - mediocre health rating?
Replies: 17
Views: 2308

Re: Schwab Bank health check-up: Still undercapitalized

UpperNwGuy wrote: Sat Jan 23, 2021 10:03 amWhat question are you asking that wasn't addressed in the earlier discussion in your first link?
Specifically, the likelihood or unlikelihood of Schwab committing outside resources to prop up what was (judging from the consensus opinion there) a loss leader to begin with.
by ribonucleic
Sat Jan 23, 2021 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank - mediocre health rating?
Replies: 17
Views: 2308

Schwab Bank health check-up: Still undercapitalized

[Thread merged into here, see below. --admin LadyGeek] Since the last discussion of the health of Schwab Bank... https://www.bogleheads.org/forum/viewtopic.php?t=318764 ... it looks like its deposit growth has dramatically improved. But its capitalization remains a below-average 7%: https://www.depositaccounts.com/banks/charles-schwab-bank.html#health Leaving aside the question of how small or large an inconvenience it might be to have the FDIC intervene in case of an unexpected bank failure (remember that the Washington Mutual failure wasn’t obvious to everyone beforehand), do you think that the Schwab Corporation would commit some of its other assets to prop things up before letting that happen? As, for example, Goldman Sachs did with it...
by ribonucleic
Sun Jan 17, 2021 12:41 pm
Forum: Personal Consumer Issues
Topic: eBay Listing Low Shipping Cost
Replies: 13
Views: 1555

Re: eBay Listing Low Shipping Cost

Kenkat wrote: Wed Jan 13, 2021 5:51 pm It’s a strange phenomenon that an item with free shipping will sell for more than the same item plus shipping.
Not really.

1) Marketplace research tells us that Internet shoppers increasingly expect "free" shipping.

2) Knowing this, the eBay algorithm that determines search result placement favors items that offer free shipping.
by ribonucleic
Sun Jan 17, 2021 11:43 am
Forum: Personal Consumer Issues
Topic: Anyone have the new Apple M1 MacBook?
Replies: 28
Views: 4005

Re: Anyone have the new Apple M1 MacBook?

Any MacOS laptop users for whom portability is the main thing, the M1 MacBook Air is an absolute no-brainer purchase decision. Just get it.

However, the Pro version is a question mark. It's got the same guts (though the added fan will let you run them a bit harder), still foists on you the Touch Bar no one wants, and still not enough ports.

The word is that 2021 will see a redesigned M1 MacBook Pro that finally gives up on the Touch Bar and will presumably have pro-level RAM and ports. Sounds like it's worth waiting for.
by ribonucleic
Sun Jan 17, 2021 11:35 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 5832
Views: 590635

Re: What are you listening to now

abuss368 wrote: Sat Jan 16, 2021 2:33 pm Customer service music from Apple support. I am on hold!
I work for an equally prominent tech giant and our hold music is so bad that I often apologize to callers when I have to subject them to it.
by ribonucleic
Sun Jan 17, 2021 11:34 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 5832
Views: 590635

Re: What are you listening to now

Andrew Hill - Compulsion!!!!!

Hard to go wrong with 60s Blue Note.
by ribonucleic
Sat Jan 16, 2021 8:54 am
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 290
Views: 28232

Re: On what are you most bullish?

Massive environmental destruction from global warming, with attendant international conflict.
by ribonucleic
Fri Jan 15, 2021 10:10 am
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 3087

Re: Is the portability of ETFs worth much?

Jack FFR1846 wrote: Fri Jan 15, 2021 10:06 am You much prefer mutual funds.....why?
It feels like the bid/ask spread introduces another element of avoidable risk - especially with munis.
by ribonucleic
Fri Jan 15, 2021 9:54 am
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 3087

Re: Is the portability of ETFs worth much?

David Jay wrote: Fri Jan 15, 2021 9:48 am Is this in taxable or in retirement accounts?
Taxable.
by ribonucleic
Fri Jan 15, 2021 9:45 am
Forum: Investing - Theory, News & General
Topic: Is the portability of ETFs worth much?
Replies: 42
Views: 3087

Is the portability of ETFs worth much?

I prefer mutual funds over ETFs. And I prefer Vanguard funds over those of its competitors. But... Schwab is very attractive for its physical locations and its customer service reputation. And you can’t buy Vanguard mutual funds at Schwab without paying extra. (Assuming they’re even available.) And even if the cost and availability weren’t important, how difficult would it be - if Schwab became disappointing - to port Vanguard mutual shares from Schwab to, say, Fidelity? What I’m asking is: Would it be worth accepting what I dislike about ETFs - chiefly the bid/ask spread - for the peace of mind of knowing that I can always pick up and move them to another commission-free brokerage? Or would it be signing on for a certain annoyance every qu...
by ribonucleic
Fri Jan 15, 2021 9:14 am
Forum: Personal Investments
Topic: China still an emerging market?
Replies: 29
Views: 2913

Re: China still an emerging market?

Compare China’s infrastructure commitment with ours. Compare the quality of their educational system to ours.

Which do you think offers more potential for economic growth over the next 20 to 30 years?
by ribonucleic
Sun Jan 03, 2021 12:35 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads dinosaurs when it comes to Bitcoin?
Replies: 270
Views: 19232

Re: Are Bogleheads dinosaurs when it comes to Bitcoin?

Data point: Buffett got very, very rich without investing in things he didn't understand.