AUTHOR: cjaghblb on 6/27/2024 FIRST: Jonathan Clements on 6/28/2024 | RECENT: David Powell on 6/29/2024
Comments
Point #1, interesting choosing 1987. Were the warnings you mention on market over-valuation before the crash of 1987 or after? I tend to agree with your statement but wonder if the warnings were before or after the crash....maybe both? I have seen this post 2008 and continue to hear it from people I truly respect as critical thinkers but I now start to roll my eyes listening to the market being 200% over-valued and we have yet to regress to the mean...yada yada yada. Now that I have posted this note, I have just confirmed that a market crash is now guaranteed to happen....I have that effect! :)
I have shifted to regional banks myself, I have found one that REALLY treats both me and my money well. Not publicly traded mind you. Research has also shown me that I have better protections through brokerage accounts (yes arguments against each of these positions, banks and brokerages, can be made, I choose to diversify through a number of banks as well as brokerage accounts). Circling back to using Veribanc, their report cards spell out the health and solvency of the banks. I was a life long USAA member, I was never in the belief I would leave but their report card shifted from green to yellow a while back and the service level was falling off noticeably. I am no longer a member. They may be just fine but when I can find banks without solvency concerns, why would I not choose that. I think you might be surprised what you'll learn researching the banks. I know I was.
Comments
Point #1, interesting choosing 1987. Were the warnings you mention on market over-valuation before the crash of 1987 or after? I tend to agree with your statement but wonder if the warnings were before or after the crash....maybe both? I have seen this post 2008 and continue to hear it from people I truly respect as critical thinkers but I now start to roll my eyes listening to the market being 200% over-valued and we have yet to regress to the mean...yada yada yada. Now that I have posted this note, I have just confirmed that a market crash is now guaranteed to happen....I have that effect! :)
Post: Sharing Lessons
Link to comment from December 23, 2024
I have shifted to regional banks myself, I have found one that REALLY treats both me and my money well. Not publicly traded mind you. Research has also shown me that I have better protections through brokerage accounts (yes arguments against each of these positions, banks and brokerages, can be made, I choose to diversify through a number of banks as well as brokerage accounts). Circling back to using Veribanc, their report cards spell out the health and solvency of the banks. I was a life long USAA member, I was never in the belief I would leave but their report card shifted from green to yellow a while back and the service level was falling off noticeably. I am no longer a member. They may be just fine but when I can find banks without solvency concerns, why would I not choose that. I think you might be surprised what you'll learn researching the banks. I know I was.
Post: Due Diligence on Banks
Link to comment from June 28, 2024