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    Hey look, fed auctioned TAF funds at 2.8%!

    ... and if T-Bills go to 4% in the next 27 days - you "blowed up real good!" as SNL would say.
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    Are you a sucker to invest in a 401(k)?

    Agreed. Employer match is a separate factor to consider. I might buy some SubPrime CDOs if my employer would match me. That doesn't mean SubPrime CDOs are a good investment.
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    Are you a sucker to invest in a 401(k)?

    Anyone who sells Whole Life insurance as an investment for retirement could and should get in trouble. It is not an investment, it is insurance, therefore, it is an expense. In my opinion a very wasteful expense. One that locks you into a big commitment. If you compare the insurance to...
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    Are you a sucker to invest in a 401(k)?

    Article is CRAP. One of the most important factors in looking at ANY investment is the ability to reverse your decision or "undo" it - LIQUIDITY! LIQUIDITY factor would argue that having 100k in a cash account available to withdraw and use as needed is worth a hell of a lot more than 130k...
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    Security and your account

    Bob, yes, this is a case as i mentioned in my last post (underlined above). Pumping/dumping a penny stock.
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    Security and your account

    In the USA, under Federal Law, the Bank would be responsible to you for any losses incurred due to a fraudulent account held at their institution. (still ... very inconvenient) [B] not as easy as you think to do. Unless, he is manipulating a thinly traded instrument (i.e. he is on the...
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    Liquidating everything at a high water mark

    IMO, you put your stop too tight - within the daily ATR (average true range) of the contract's previous day's closing price. You will have too high a frequency of STOPs. Looking at the [B]attached5 min intraday chart (Dec 31 is the 2nd Monday), the previous day's close was ~843, the ATR...
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    US's triple-A credit rating 'under threat'

    If Moody's traded or put their money behind their ratings they would have gone under in 2007. 2 Year Treasuries are market priced at 2.51%. Is there any paper on the planet higher rated than that? At 5.5% they would still be AAA. Maybe in the 1980s when they were trading at over 15% they...
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    Liquidating everything at a high water mark

    "Pit Bull", by Martin Schwartz details his emotional requirement to "ring the cash register" several times during the day and then putting his position back on (again and again and again) as a volatile intra day market would let him. He talks about never being able to "... let his winners run"...
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    Citadel Investment Group up 30% in '07

    Atticus, thank you. Truth in facts. - unsecured - common stock At this point, it is hard to believe Citadel does not regret their Etrade decision: http://www.reuters.com/article/hotStocksNews/idUSBNG12088820080108
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    CDO's and Total Write Offs

    On a standard mortgage, if you Foreclose and there is not enough proceeds for the bank to payoff the principal, then they can go after all your assets to recover their loss. They can even garnish your future wages. UNLESS, you received what is called a "NO RECOURSE" mortgage. They can and...
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    For $50K account, what is the interest rate your FCM/broker paid you?

    Fidelity's brokerage account would be well over 100 basis points higher than IB on an account with 50k cash balance (an extra $42/month which would quickly be offset by higher commissions if you traded actively). Lol. FDRXX FIDELITY CASH RESERVES NAV 1.00 7-Day Yield 4.83% Change 0.00 %...
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    Real Estate 48 hour sales

    Be certain here. There is a difference between the price of the house and the associated "closing costs" paid by the buyer and seller. Sellers can agree to pay certain legal, financial (points), title search, etc... costs that are listed on the Real Estate contract sale, but are not considered...
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    Real Estate 48 hour sales

    I understood that a bank appraiser had to use comparables that are recorded with the County Clerk (S1RA). These are the legal price of the transaction, the amount on which a "transfer tax" is calculated. For which the buying and selling attorneys must certify as a legitimate transaction price...
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    Real Estate 48 hour sales

    What seems like such innocent question ... hits to the heart of the of pending home price decline. In a declining market, lending requirements (ex. 20% down, 35% of income, etc...) will reduce the afford ability and the pool of buyers, to drive prices down to historically affordable levels.
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    Can I get a chart for a specific date?

    www.prophet.net is a free site. Attached is a daily 1-minute chart for InterDigital on 8/8/2007 from Prophet. You can select: line; candle; area; bar; or percent. Make sure you set up the chart for want you would like to see in current time (ex. 1 minute, 5 minute, etc...), then change...
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    How does Warren Buffet scale in and out?

    WSJ i believe. No cellphone either. Likes to do math in his head (does not use a calculator because he hates false precision). Although he has been known to borrow a cellphone or use a satellite phone from an Alaskan cruise ship to negotiate big deals ;) my impression is not first hand, it...
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    San Francisco Area House, Condo Sales Drop 25 Percent

    When the car engine runs out of gas ... the average MPH drop pretty rapidly.
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    How does Warren Buffet scale in and out?

    Believe it or not ... Warren Buffett picks up the phone in his unremarkable office, calls his broker, and says "Buy 10M McDonalds shares thank you", then hangs up the phone. Later on in the day he gets a call back confirming that he bought 10M McDonalds shares and what the average price was...
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