I don't have a Schwab account so I can't speak to that brokerage's features in this area, but a few additions to the Fidelity positive list: 1) A cash account with an ATM card where you are reimbursed for all ATM fees. (disadvantage: the sweep pays almost zero interest, but on the other hand it is F...

Is it just me, or is the crop of 2020 Dems unusually filled with liars? Actually, I'd be a lot less comfortable about them if they're all telling the truth! Some wag once said "How do you know a politician is lying? Answer: his mouth is moving." How true that is (and it applies to the female gender...

Of course it is wrong. That money has already been taxed. Part of it hasn't been taxed. The step-up in cost basis at the time of inheritance amounts to a capital gain that was not previously realized. Taxing that capital gain at the time of inheritance could be considered fair. However, it should b...

Doodle, thanks for posting this. It is a thought provoking, take-a-step-back-and-think read. Partial answer to your question in the article: Californians tried to build a high-speed rail line. But after more than a decade of government incompetence, lawsuits, cost overruns and constant bureaucratic ...

So, yes, compared to what else is on offer, I personally think that Trump's demeanor reflects well on our country. He's comfortable in his own skin (as creepy and scaly as that might be). I'm not following this argument... An authentic asshole, who doesn't try to filter his public behavior or react...

Glad to hear it!

Selling out of TDA to simplify the transaction was a good move. Also, it's possible that my problem with Lively wasn't usual.

Ad, I'm curious...What were the problems with the Enlightenment? I hadn't heard that described negatively before. Also, you could make a case that the history of the Roman Church's dominion prior to the Reformation was no better than what you described post-Reformation: it effectively shut down sci...

Another strategy: wait until the PP as a whole goes through a negative performing couple of months and then buy in. This is a great idea. I disagree. I think this is a terrible idea. What if the next time the PP has sustained negative returns is 10 years from now? You think waiting 10 years for tha...

But once again, if the threshold is $32M now, who is to say it won't be $1M ten years from now when they realize they grossly underestimated the cost of these 'free stuff' programs. If you don't belive me, look at Obamacare. +1. That's the "slippery slope" problem. Also yes, implementing a wealth t...

Hardworking outsiders no longer enjoy genuine opportunity [to join the top 5%]. WTF does this even mean? In his next sentence, he says that 3% of the middle/lower class will join the top 5%. Implying that 3% of the top 5% drops out of it. If there is 60% turnover in the top 5% over some period of t...

Moving into the PP gradually from cash gives up some returns on average, but if it's easier for you to handle then that's completely justified. Another strategy: wait until the PP as a whole goes through a negative performing couple of months and then buy in. Whatever you do though, don't buy in one...

An interesting take on overwork vs. privilege, that somehow manages to conflate "diversity", class/race issues, and the fact that if you win the game and become a member of the elite you're likely to be miserable. https://www.theatlantic.com/magazine/archive/2019/09/meritocracys-miserable-winners/59...