Roadstar Biker

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  • Core CPI gains a fast 0.2% in September  [View news story]
    There are only two groups that pay for EVERYTHING in the world - taxpayers or consumers. All the public and private institutions are merely just payment processors.
    Oct 15, 2015. 09:58 AM | 4 Likes Like |Link to Comment
  • Core CPI gains a fast 0.2% in September  [View news story]
    The best thing anyone, regardless of age, can do to reduce their healthcare costs is to exercise at least 30-45 minutes per day and stop eating and drinking so much junk.
    Oct 15, 2015. 09:55 AM | 7 Likes Like |Link to Comment
  • Big banks' regulatory pain is Jefferies' gain  [View news story]
    Nobody would consider a taxpayer bailout for Jefferies. If you want to talk about fairness, then that discussion should include the taxpayers who bailed out the TBTF banks.
    May 30, 2015. 11:47 AM | 2 Likes Like |Link to Comment
  • FSOC flags ETFs, bond funds as potential risks  [View news story]
    So the FSOC leaves the Big Boyz alone with their dangerous toys (HFT's, large scale derivatives sold to institutional investors, etc) alone; and instead turns on EFT's and Mutual Funds that are used by retail investors? Talk about penny-wise and pound-foolish.
    May 20, 2015. 10:38 AM | Likes Like |Link to Comment
  • EIA Petroleum Inventories  [View news story]
    Does anyone know if the gasoline draw-down is related in anyway to the refineries preparations to switch over to the (more expensive) summer formulation?
    Apr 1, 2015. 01:57 PM | Likes Like |Link to Comment
  • The Future Of Seeking Alpha, From One Contributor's Perspective  [View article]
    I share your concerns. Putting a paywall around content someone deems as "quality" implies that anything left in the non-subscription section of SA is of lesser value.

    There is also a risk of readers discovering that content behind the paywall does not provide the value they expected.

    I will continue to be a daily reader of SA, but eschew the paid subscriptions (for the same reason as Alex) and will watch as this attempt to monetize SA's content unfolds.
    Mar 26, 2015. 07:26 AM | 12 Likes Like |Link to Comment
  • '60 Minutes' Tackles Rare Earths  [View article]
    China's rising economic dominance is real, based on her access to cheap labor, willingness to ignore environmental degradation, and its successful implementation of state-controlled capitalism. Whether it's REE or AIIB or territorial disputes with its neighbors or any other measure of international 'success', investors and nations who underestimate China's growing influence do so at their own risk.

    As technology continues to reshape international trade and relations, the age of single-nation domination is fading away. Winners will adopt to a new world where statecraft and collaboration are balanced against competitive trade practices. And we can't loose sight of the fact that whether it's China, Russia, Iraq or the good old USofA, domestic priorities should be focused on maintaining a stable society and sustainable economy. Once we recognize that this is at the center of every nation's priorities, we can continue to move away from the old, failed colonialist practices that are heavily reliant on military power.
    Mar 23, 2015. 08:31 AM | 9 Likes Like |Link to Comment
  • U.S., Russia, Saudi Arabia: Who Is Going To Win In The Oil Price Stand-Off?  [View article]
    I'm always suspicious of articles built solely around percentages, but lack reference to the underlying numbers. Consider this hypothetical: Country A produces 100 bbls/d, Country B produces 50 bbls/d. Both build-up their extraction capabilities and Country A increases by 5% and Country B increases by 10%. If we ignore the underlying real number of bbls/d like this article does, then you would incorrectly surmise that Country B output increased twice as much as Country A. But in fact, 5% of 100 = 10% of 50, in otherwords each country only increased their respective output by 5 bbls/d.

    Math - it was never just not for academics...
    Jan 7, 2015. 12:47 PM | 4 Likes Like |Link to Comment
  • Ditching The 401(k)  [View article]
    SDB's are restricted from trading in investments that are (in the language of ERISA) not appropriate for retirement savings. Participants who are offered SDB's are given a significantly more diverse range of investments from which to choose. However, SDB's are expensive to administer, so it's not cost effective to offer this without minimum balance requirements. Remember, a long-term employee may have a bigger balance than a well paid newly hired executive. And it's illegal under ERISA and IRS/DOL regs to offer any plan benefits/features that discriminate in favor of key employees, HCE's, etc. Since SDB's are part of a plan's offerings, it's not an "escape hatch" around plan related fees, which are typically allocated across all investments. As for individual investment fees, participants are provided with fee information for all investments in the plan (albeit in densely worded legalese).
    Dec 29, 2014. 02:43 PM | Likes Like |Link to Comment
  • Ditching The 401(k)  [View article]
    Plan Sponsors can allow their participants to invest in the market - it's called "self-directed brokerage" (also mentioned by an earlier poster). SDB's facilitate tracking daily market valuations expected of most qualified plans like 401k's, 403b's, etc. The challenge is that typical DC investments (mutual funds) are daily valued, but market-traded stocks, bonds, ETF's, etc are traded at a negotiated price. The broker managing the SDB's provides an end-of-trading-day valuation to the DC plan recordkeeper, which is treated just like a mutual fund's daily price.
    Dec 29, 2014. 02:35 PM | Likes Like |Link to Comment
  • Ditching The 401(k)  [View article]
    Many employers outsourced the retirement plan administration years ago to a TPA who has dedicated participant service reps who are qualified to answer these questions. Self-administering their retirement plan(s) should be a red flag to any potential employee.
    Dec 29, 2014. 02:27 PM | Likes Like |Link to Comment
  • Ditching The 401(k)  [View article]
    Mention to 'Marge' that she has a fiduciary responsibility to regularly review the investment options she approves for the 401k plan, and that quid pro quo like you described can be grounds for breach of that responsibility, putting her at personal legal and financial risk.
    Dec 29, 2014. 02:22 PM | 6 Likes Like |Link to Comment
  • MannKind: Why The Short Argument Is Shortsighted  [View article]
    Agreement announced between Mannkind and Sanofi.

    Sing it with me: na na nah na, na na nah na, hey hey hey good buy!
    Aug 11, 2014. 09:13 AM | 2 Likes Like |Link to Comment
  • MannKind set for opening gap up  [View news story]
    Never really understood why the shorts were so tough on MNKD. But it's funny to seem them continually get slammed. Laughing all the way to the bank.

    Disclosure, I am and have been long on MNKD since opened my position at $3.92...
    Aug 11, 2014. 09:12 AM | 1 Like Like |Link to Comment
  • An End To Our Relationship With Yahoo, A New Era For Equity Research  [View article]
    I'm a long-time SA reader, and this move won't impact me in the least. I'm also a former Yahoo subcriber, but left when my motorcycle group found Yahoo Groups issues / problems were no longer worth the effort to stay. No one in our chapter (or other chapters who also left Yahoo) have felt any need to return.

    It is sad to see that Yahoo still keeps pushing away readers and groups like SA. But as we found out, leaving Yahoo is their loss and our gain.

    (In true SA style, I am disclosing that I do not have any positions in Yahoo nor do I have any plans to open any positions in the foreseeable future).
    Jul 31, 2014. 03:31 PM | 2 Likes Like |Link to Comment