As long as it stays the worlds reserve currency, but you kinda need other countries to get dollars from trade with the US to buy the bonds. Printing money, is inflationary and reduces the profit (or turns it into a loss) on bonds so the threat of printing makes buyers less keen.
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As long as it stays the worlds reserve currency, but you kinda need other countries to get dollars from trade with the US to buy the bonds. Printing money, is inflationary and reduces the profit (or turns it into a loss) on bonds so the threat of printing makes buyers less keen.
Very true, but only if the other countries don't leverage up as much comparatively - and they already are (Japan, China, Most of Europe), or are about to (Germany).
I buy into the Brent Johnson dollar milkshake theory - that all these connected fiat dollars will fail at approximately the same time, in the same manner - via inflation.
Slowing trade will make the US dollar even more valuable - since 49% of all global transactions are in dollars, and with less trade there will be fewer circulating.
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Unless they ditch the dollar as the medium for trade.
Why would anyone (or computer) borrow BUXX?
4000 shares at 7.25%. There are things I cannot understand.
4000 shares at 7.25%. There are things I cannot understand.
Does seem odd.
What is the duration of the lend?
What is the average duration of BUXX?
SEC investigation of BUXX in 3.2.1.....?
I never know on loans could be hours days sometimes weeks
Short duration (less than one year)
Hahahaha maybe
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Question that I hope someone can answer for me: I have both mutual funds and variable annuity funds available to select when allocating contributions in my 401. However, the fees on the mutual funds are higher than those on most of the variable annuities...which doesn't make sense to me given my understanding of how annuities work. For example, I can select a large cap growth in either a variable annuity class (0.21% exp ratio) or a mutual fund (0.41% exp ratio). I have always had the goal of staying away from annuities in general, but give the lower expenses in the case of those two what would be the benefit of the mutual fund? I though annuities always carried considerably higher expense ratios given the "security" that they afford?
Too general to answer.
You should only really compare expense ratio on like funds - ie one annuity fund to another annuity fund. Comparing expense ratio's to annuity's vs a large cap equities funds makes no sense, and deciding on asset class using expense ratio's also makes no sense.
I will never buy an annuity - however the only reason anyone would is to guarantee a income stream. Its not so much investing as ensuring you don't run out of money early. Are you already retired?
Agree. I’ll just add that annuity just probably pays out less to make the difference- so while not a fee you are not in the long term earning more
No free lunch
Of course I'm looking at other metrics than expense ratios, just expected to see higher expense ratios in general on annuities. Not retired, have about 30 years to go plus or minus a few. I don't find annuities attractive either, just was under the impression that most carried somewhere in the 1.5-2% range for expenses.
No idea, but my guess is since most people buy annuities from a "advisor", there cut is in there - vs buying one from the insurance company directly. Or they just embed the cost as @Pablo suggested.
See here is where I'm a dummy - I think most all annuities have front end fees/commissions (?) - probably in the small print
Long story short my dad bought one from a friend a million years ago . My mom is still receiving it , the company pulls 1k a years for expenses out of the pie . 2 more years and the pie is all ate up. But she keeps receiving it till she dies. This policy on the surface look like it would stink. But because my dad's long life and my mother's long life it has worked out tremendously to the upside. For once and insurance company is on the losing end.
There are good annuities and bad annuities. I doubt you are a good candidate for either.
I believe my Fidelity sold me one (a good one) for the commission. I fired Fidelity and moved most to Schwab after I learned more about who is a good candidate... I am not such a person.
They were not happy.
Bad news came out on UNH today...and...it lost 5.75%. All in all I consider that a good sign, one more piece of the bad news is out of the way, and no crazy 25% selloff or anything. Cautiously optimistic long term.
Bring a lunch... Fingers crossed!
Wasn't paying attention today - other important matters. However looking now - things were a bit of a mess it seems. You had a terrible 20 year auction - fat tale, low bid to cover - which caused your sudden collapse at around 1:00PM - 10 year and 30 year are back at the levels that makes everyone real nervous. At the same time you had a big surprise build in oil inventories (gas here still up though 
)
I may ease into some hedges tomorrow, there still pretty cheap comparatively.
)I may ease into some hedges tomorrow, there still pretty cheap comparatively.
Sold BOIL yesterday and KOLD this AM. Pocket that dough.
This AM I bought some risky stuff
This AM I bought some risky stuff
75% of my "market" money is in GLD/SLV. Its worked out well
