Since JP Morgan's hedge operations have been referred to as betting; they need to become better card counters. Most any investment decision contains an element of risk that could be referred to as betting.
Disclosure- I've been long JPM and it's predecessors for the better part of 40 years.
Years back I had a store credit card with Wallachs. I ordered 3 Silver Trumpeter suits for about $1,400. When I came in to pick up the altered suits, they had the suits ready but told me my credit card was no good. I told them they could keep the suits. Five or six years later Wallachs got...
No room in my wallet for all of my credit cards. Keep them in a brick held together by an Andy Boy broccoli rubber band.
We have a couple of debit cards but neither carry nor use them.
I lost my SS card 40years ago, never replaced it and began receiving my SS monthly retirement benefit 16 months ago. Scanning one's Medicare card into their computer might be a good idea.
Interesting how things change. What used to be termed a contribution (Federal Insurance Contribution Act- FICA) is now commonly referred to as a tax. What kind of earnings have been realized on these contributions?
At current market prices it seems unlikely to be able to build a diversified $2 million portfolio of well capitalized equities that provides pretax dividend income of more than $60,000.
The equities in our portfolio have been held for a cost weighted average of 5.0 years (a range of 1 day to...
Somewhat assured no hassle and quiet requires a minimum of 10 acres on high ground and a Dodge Power Wagon.
Sixty years ago such property could be had near Harrisburg for less than $100 per acre:(.
I've been retired for 17 years, have a current income that is about 2X my final annual salary, and doubt I would be any better off if I'd relied on the advice of a CFA .
The one I see most regularly is a retired grade school teacher collecting a $69K pension. When we go to a restaurant he either asks for separate checks or goes through the bill with a fine tooth comb to calculate his share.