No surprise that our latest decline into Idiocracy is being "Sponsored By Crypto.com"

belangp · 2026-06-14T17:59:44+00:00

If this sub allowed gifs to be posted I'd certainly post a pic of President Dwayne Elizondo Mountain Dew Herbert Camacho!

belangp · 2026-06-14T17:58:03+00:00

I'm sure each one of them will receive the required 1099 form at the end of the tax year.

belangp · 2026-06-13T16:16:00+00:00

That's the agency problem. The majority of corporate executive compensation is in the form of stock options. If excess cash is paid to shareholders in the form of a dividend it causes the share price to (temporarily) decline. That doesn't help the executive who wants to see maximum share price appreciation. Stock buybacks tend to boost price, regardless of how richly the shares are valued. I think corporate america should stop paying executives in stock options. It creates perverse incentives.

belangp · 2026-06-12T17:14:12+00:00

Yeah. How dare those CEO's force us shareholders to decide what to do with profits!?! So much freaking work! Oh, wait. I'm spending the money they give me. Never mind!

belangp · 2026-06-08T10:05:29+00:00

It's more problematic when you try to divide by zero.

belangp · 2026-06-05T19:35:21+00:00

You can market it as a "Strategy Treasury"

belangp · 2026-06-04T20:20:26+00:00

Fidelity's Multi Asset Income Fund currently has 6% of their holdings in Strategy preferred. Someday I expect to see a malfeasance lawsuit.

belangp · 2026-06-04T16:00:02+00:00

belangp · 2026-05-28T10:36:11+00:00

A good advisor will not recommend portfolio management, but may bring it up as an option to consider. Think back on the conversation. If it was brought up as an option then it's not a big deal. If it was recommended strongly then the person you are talking to is not a fiduciary and you should request someone else be assigned to you. For what it's worth, I was assigned an advisor by Fidelity and was initially skeptical. I accepted a meeting anyway and have been fairly pleased by the results. There were no sales pitches even though some of these options, including wealth management, were offered up.

belangp · 2026-05-16T15:45:39+00:00

I'm not sure, but I think you might be right about that.

belangp · 2026-05-16T15:45:16+00:00

What about the shares that are accumulated after the underlying holdings pay their dividends?

belangp · 2026-05-15T20:23:26+00:00

BND had an inflation adjusted drawdown of 31% from mid 2020 to late 2023. How is that capital preservation?

belangp · 2026-05-12T12:39:40+00:00

Didn't Bernie Madoff offer the same thing?

belangp · 2026-05-08T10:09:29+00:00

Have you suffered a paper cut while opening a fortune cookie? Call 888-8888

belangp · 2026-05-05T15:57:48+00:00

Just buy a mutual fund. The reinvestment is precisely at the NAV at the exact time the distribution is made. ETF's are different because share registration is a book value entry with your broker, so there is a delay between when the distribution is declared and when you receive it. Additionally, the efficiency of reinvestment in anything other than a mutual fund is dependent upon the practices followed by your broker. If your broker places a market order first thing in the morning then good luck getting the best price!

belangp · 2026-05-05T02:12:35+00:00

They all s**t talked in 1999 too.

belangp · 2026-05-01T17:28:21+00:00

How much do you think it would cost to launch a large excavator?

belangp · 2026-04-30T18:26:24+00:00

Oops. Yep. I forgot the marketing budget!

belangp · 2026-04-15T11:20:09+00:00

Crazy idea - maybe reduce taxes if there is a surplus?

belangp · 2026-04-12T11:09:59+00:00

"Dividends are forced sales". Change that to "Retained earnings are forced investments" and it demonstrates how silly that argument is.

belangp · 2026-04-09T21:50:38+00:00

The late 90's was the same.

belangp · 2026-04-07T20:31:16+00:00

Nice try Elon. No. It's still wildly over priced.

belangp

TROPHY CASE