Therefore under your proposal [the bank would] only be allowed to loan out the portion of the [deposits] that is CDs? Correct. That would certainly be a drastic reduction in how much they'd be able to loan (and a reduction in profits). What do you suggest they do (invest?) with the money that you b...

dualstow wrote: ↑

Mon Mar 20, 2023 10:58 am

vnatale wrote: ↑

Sun Mar 19, 2023 2:35 pm

dualstow wrote: ↑

Fri Mar 17, 2023 1:37 pm

I bought a tiny bit of credit suisse earlier.

How do you think this will affect your investment?
….

I see a share is now worth less than a dollar.

What was the share price at the time of your purchase?

Good thing hour purchase was less than 1/1,000th of your portfolio!

So, does this mean that FDIC is now set at infinity? Some clarity needed. I can't imagine what it was like for hundreds, maybe thousands of entrepreneurs and management who went through maybe the worst 24-48 hours of their careers through no fault of their own. Let's see what this week brings. Alth...

Check out That One Privacy Site . It features what is easily the most comprehensive comparative list of VPNs on the internet. His most highly recommended VPN is Mullvad . I personally use AirVPN because it is faster in my region than Mullvad but has a similiarly excellent reputation for privacy and...

Five years later ... time to resurrect this topic. What are your current recommendations on VPN? I started using IPVanish many years ago based upon a recommendation. But I stopped using it because certain things were not working when it was on (Netflix?). I started it again yesterday and could not s...

"why should there be a risk-free return?" Because the banks make money on that deposit by loaning it out. If there was no return, why would you let them hold it vs "putting it under your mattress"? Not to mention that banks "create" money when they write loans backed by the deposits. The vast major...

Yeah, very few individuals want to handle and store large amounts of physical cash. So I think most people use bank checking accounts mainly for convenience: Debit card transactions, direct deposit, check-writing, online banking, etc. And I agree with boglerdude that that convenience should come wi...

I bought a tiny bit of credit suisse earlier. How do you think this will affect your investment? https://www.washingtonpost.com/business/2023/03/19/ubs-credit-suisse-deal/?utm_source=alert&utm_medium=email&utm_campaign=wp_news_alert_revere&location=alert ECONOMY Two Swiss banking giants combine to ...

"why should there be a risk-free return?" Because the banks make money on that deposit by loaning it out. If there was no return, why would you let them hold it vs "putting it under your mattress"? Because presumably it is safer for them to be holding it than for all of us to be holding it under ou...

glennds wrote: ↑

Sun Mar 19, 2023 12:36 pm

My favorite thing that happened this week - High net worth depositors pulled money out of First Republic Bank and moved it to the big banks for safety.
The big banks then got together and sent $30B of excess deposits to First Republic to shore it up.

!!!!!!!!!!!!!!!!!!!!!

Business should have to pay for high limits like that Let's see. . . You lend $250,000 to the bank. You get virtually no return on your money and become an unsecured creditor of the bank--subordinate to shareholders and secured creditors. Sounds like a good deal to me. Thinking about this further. ...

Business should have to pay for high limits like that Let's see. . . You lend $250,000 to the bank. You get virtually no return on your money and become an unsecured creditor of the bank--subordinate to shareholders and secured creditors. Sounds like a good deal to me. You are correct that most peo...

Vinny, thank you so much for introducing this podcast series. Speaking as someone who doesn’t sleep well, I really enjoy popping in an earbud and listening to the scientists. You are welcome. Lex is truly a gem in so many ways. Sorry to hear about your sleep issues. Perhaps something here can be he...

dualstow wrote: ↑

Sat Mar 18, 2023 9:30 am

It’s small enough that I never think about that in terms of the overall. It’s just fun to sell things at a profit sometimes.

Thanks. Better understand your motivation. I do the same in other ways.

An email received from one of the large local banks in my area.

Again, does anyone know if your state has anything like the Massachusetts bank DIF wherein entire deposits are insured?

Anyone else receiving reassuring emails from their current bank?

Vinny

dualstow wrote: ↑

Fri Mar 17, 2023 8:54 pm

The Credit Suisse is like 1/1000. I will either add more nibbles over time or get rid of it.
The Berkshire is something I already had shares in, and that’s like 3% of pp+vp.

So if Credit Suisse doubled today the effect on your overall portfolio would be about a 0.1% increase?

I bought a tiny bit of credit suisse earlier. What percentage of your total investing portfolio have you put into each of these two recent bank investments? When I was younger I had a lot of investments I wanted to make. But it seemed like I did not have enough investment money for them to produce ...

MY two favorite black cats in the world .....

I've been buying max duration LTT's at the moment. I am going with the thesis that the yield curve inversions are telling us something significant. I repeat the inverted yield curve is telling us the world may be about to implode. How many other times was it implying the same and how many of those ...

https://www.linkedin.com/pulse/what-i-think-silicon-valley-bank-situation-ray-dalio Thanks for this. His concluding paragraph is quite similar to what I put here from him at the start of this topic. "Please understand that I’m not sure of anything. That’s why I believe that the key to good investin...

I've been buying max duration LTT's at the moment. I am going with the thesis that the yield curve inversions are telling us something significant. I repeat the inverted yield curve is telling us the world may be about to implode. How many other times was it implying the same and how many of those ...

As I earlier stated, I believe that local community banks are safe. I'd expect nothing less than what is here in my local paper, quoting various bank presidents. Vinny https://www.recorder.com/Valley-banks-react-to-US-bank-collapses-50260638 Local banks say they’re well insulated from financial coll...

https://www.c-span.org/video/?526666-1/white-house-budget-direct-testifies-president-bidens-2024-budget-proposal MARCH 15, 2023 WH Budget Director Testifies on Pres. Biden's 2024 Budget Proposal Office of Management and Budget Director Shalanda Young said President Biden’s 2024 budget request “detai...

Tyler wrote: ↑

Wed Mar 15, 2023 1:19 pm

jalanlong wrote: ↑

Wed Mar 15, 2023 11:58 am

Check the date on this:

Speaking of the wise authors at Forbes, I like this idea from PensionCraft.

https://twitter.com/PensionCraft/status ... 0347991043

Somewhat akin to this?

https://en.wikipedia.org/wiki/Sports_Il ... cover_jinx


Sports Illustrated cover jinx

Xan wrote: ↑

Wed Mar 15, 2023 8:59 am

So... Is it stupid to have money in any bank that isn't one of these?

I'd say that local community banks are probably less risky than many on that list?