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Just block his bitter rear.
Happy New Year to everyone, and remember:
It's not the size of your bank account, it's the love of family and friends.
It's the wolf in the hen house...
Just what I was thinking reading that.
I also found it interesting that Vanguard holds over 371 million worth, as I have them in my retirement portfolio.
Worthless Kevin?
No. Owning land is important, just as having hard assets of all types is important. But as someone else pointed out, your ownership of said land is only as good as your yearly payment of property taxes.
Diversification isn’t just a slogan.
Only thing I use a debit card for is getting cash at the ATM.
And yes, I always have cash. If not enough, I’ll use a credit card. I hate watching someone pay for their 1.99 cup of soda, swiping their card continuously, while muttering their PIN worked just yesterday..
Can anyone say """BULLCHIT"""
House of cards?
Yes.
And....who cares?
Before my TDA moved to Schwab, you would find them in your Gain/Loss section. Just make sure you set the proper date range, and they should show.
Now that I'm in Schwab, you can go to History -> GainsKeeper, check the date range, and you should see them.
After hours...66.02.
T, it's great to see COOP's latest continued rise, but as I believe you even pointed out in the past, money isn't everything.
There are a lot of serious other issues going on right now.
Well, that's the thing.
I have never sold, not once, because I had that FOMO that the moment I did, it would go nuts. And because of that I probably missed many opportunities over the years to sell high, buy after it dropped, and repeat.
If I did sell, I also have the feeling I would be done with it, and finally walk away for good.
I do agree the dollar's reserve status will be taking a hit in the months and years ahead. Which will cause prices/inflation to remain high, and in turn will boost the cost of precious metals in US dollars.
I'm just not sure it will affect our markets YET, as they have the ability to remain exuberant even in the face of obvious issues. I do worry, watching the markets rising as fast as they are now, that a correction and maybe even a severe correction is just around the corner.
Which leads me to COOP. At the highest level ever, and if you listen to the JWW crew, it's posed to go even further. Then I think back to the previous 15-16 years of watching this wash/rinse/repeat cycle, and wonder if I'm crazy not to be taking profits RIGHT NOW.
“They”, sure hate this being over 60.00.
Agreed, Happy Thanksgiving to all!
Even after years of this garbage, it’s important to remember the ways we are, and have been blessed.
59.9999? Seriously guys?
LOL....
Even weirder, now it’s 59.54.
Check after hours. 60.32
https://www.nasdaq.com/market-activity/stocks/coop/after-hours
Bastards....
Looks like "they" don't want it to close over 60. Yet.
C'mon, prove me wrong....
I still remember your posts from waaaaaay back in the day. Strange how much time has passed.
I often wonder what that Denke character is up to. :)
Pfft....July, August....
Who made you calendar police?
True story.
I went into my WaMu branch on Wed to close my accounts. The lady teller of course asked me why, and I responded, "Well, your bank is about to be seized, and I felt it wise to move my funds."
She replied, "That's ridiculous sir, our bank is healthy, not sure what you've been hearing,", to which I replied, "Maybe so, but I'm still closing my accounts."
Took my cashier's check, went literally across the street and opened accounts with a Columbia Credit Union branch.
Next morning on Thursday, I awoke to the news the bank had been seized. I often wonder what that lady teller thought...
No, I don't agree that's why, Woody.
The real reason is.....it's Wednesday.
Oh great.
Which just means they can hold the share price down.
Yay.
Ok, thanks for the response, makes sense.
"So, you lose a bunch of money on the servicing side, and make a bunch on the production side."
Although, one would think the newly produced loans would also need servicing, and end up back in the flow. But yeah, a lot of things you point out ring true.
While I get your drift, what I don't understand is why interest rates impact a servicer?
"Mortgage servicing rights (MSR) are a specific arrangement where a third party promises to collect mortgage payments on behalf of a lender in exchange for a fee."
Ok, now a drop in mortgages to service, I would get. But COOP mostly thrives on existing lines for existing profits, and defaults impact the lender, not them, other then the loss of that particular service fee.
"While what is now an all-out war on naked short sellers intensifies, there is a new flashpoint on the front line–a potentially devastating ruling targeting those who are alleged to make illegal naked short selling possible: The Facilitators: bankers and brokers."
I'm ok with this....
"Part of the changes includes evaluating its “real estate footprint, streamlining our operating model, and staffing reductions, largely in non-client-facing areas,” a Schwab spokesperson said."
Work from home changed a lot of things, and there are a lot of companies evaluating whether they need that brick and mortar or not. I've worked from home for almost 18 years now, and when covid hit I watched a lot of my coworkers having difficulty adapting to it. Many just didn't have the right mindset to pull it off.
It's Wednesday?
Just trying to be helpful...
Geez, how about announcing dividends to their shareholders?
Yeah, I know....
Well, truthfully we are.
But just in the same zig zaggy way we’ve been watching for over 15 years.
Your mileage may vary….
We've seen this game over, and over, and over through the years.
They say hate the game, not the player. Well yeah, I kind of despise wall street at this point....
Nor will I exchange my mortgage free property for one with a loan, at any rate.
They’ll have to build their way out of this one…
Check out SW Missouri, seriously.
Beautiful area, home prices are reasonable, and not that far from where you are now. I cast about a lot of areas before moving, ruled out FL and TX for the reasons you gave, AND everyone was moving there which is exactly what I wasn't looking for. And the humidity is fine here.
Just don't tell other people about it! :)
Have you considered areas other than AZ?
Their median price is much higher than many other areas, probably because of Californians fleeing.
But you're right about Illinois....
Oh really?
You're the one, who tells everyone what we're talking about today?
Seriously? Another for the iggy list...
If everyone put him on ignore, it would be like he didn't even exist.
Not to mention, since the 08 crash houses have not been being built like in the past, and there was already a severe shortage.
Houses are still rising in my area, if slowly.