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Campaign 2016 Part XI: the Two Party Problem

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  • #76
    Re: Campaign 2016 Part XI: the Two Party Problem

    Originally posted by St. Clown View Post
    Wrong. Mutual funds are some of the highest volume traders there are in the markets. By definition, a mutual fund is a collection of investments of at least 20 underlying assets, but could have hundreds to thousands of underlying assets that make up the fund. There are limits as to what percentage a fund can be invested in a single asset, which will trigger automatic sales and purchases for various assets within the fund. Those values are set by the fund manager or management team. While the fund may own $10mm in that asset, due to market fluctuations and the stated goal of the fund within the prospectus, the fund may have to sell a certain amount of its underlying asset or purchase more of said asset to meet prospectus goals and investor expectations. And it happens everyday, sometimes multiple times each day. Add to that, if it's an open-ended mutual fund (most are), new cash intake has to be invested daily when its cash on hand exceeds certain thresholds. As simple as a mutual fund sounds, it's really a complicated situation for someone not familiar with them to try to understand.
    IIRC there was a management fee, and administration fee, what I'll call a regulatory fee, and a transaction fee. I'm assuming a tax would roll into the transaction fee although I suppose they could stick it in regulatory fees.
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    • #77
      Re: Campaign 2016 Part XI: the Two Party Problem

      Originally posted by joecct View Post
      I think HRC wins very comfortably in the cities. I'll be very interested how Bernie does in the rural areas.
      The boroughs are going to be interesting. The Bronx is the most black, and the whites are old and doddering, so that's probably Clinton by a large amount. Brooklyn is the next in size of black population, but the whites are (notoriously) young, educated, and p-ssed off, so Bernie should do OK. Manhattan is very white but it's Manhattan, so what Clinton loses in diversity she should make back in soullessness. Queens is a bizarre place. It's changed 8 times since I left L.I. and for all I know it's majority Hung or Jamaican or Somali. God knows what happens there. Staten Island (i.e., Eastern New Jersey) is a bunch of wise guys and Irish too drunk to find Southie; I'm not sure there are even any Democrats there.
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      • #78
        Re: Campaign 2016 Part XI: the Two Party Problem

        Originally posted by Rover View Post
        IIRC there was a management fee, and administration fee, what I'll call a regulatory fee, and a transaction fee. I'm assuming a tax would roll into the transaction fee although I suppose they could stick it in regulatory fees.
        Regardless of the classification, depending upon the size of the tax, it could have a serious impact on the average person's 401k or union member's pension. If it were a few pennies per transaction, much like the SEC fee, it'd be no big deal. If Bernie's trying to provide free college to all state schools, then you're looking at a serious impact to the average person's retirement. Those fees charged by mutual fund companies eat into the effective annual rate of return, reducing the power of the compounding IRR.
        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

        "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

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        • #79
          Re: Campaign 2016 Part XI: the Two Party Problem

          Somebody summarizes this election perfectly.

          Needless to say, what is said about Hillary could be said about the GOP at 10x the strength.
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          • #80
            Re: Campaign 2016 Part XI: the Two Party Problem

            Originally posted by St. Clown View Post
            Wrong. Mutual funds are some of the highest volume traders there are in the markets. By definition, a mutual fund is a collection of investments of at least 20 underlying assets, but could have hundreds to thousands of underlying assets that make up the fund. There are limits as to what percentage a fund can be invested in a single asset, which will trigger automatic sales and purchases for various assets within the fund. Those values are set by the fund manager or management team. While the fund may own $10mm in that asset, due to market fluctuations and the stated goal of the fund within the prospectus, the fund may have to sell a certain amount of its underlying asset or purchase more of said asset to meet prospectus goals and investor expectations. And it happens everyday, sometimes multiple times each day. Add to that, if it's an open-ended mutual fund (most are), new cash intake has to be invested daily when its cash on hand exceeds certain thresholds. As simple as a mutual fund sounds, it's really a complicated situation for someone not familiar with them to try to understand.
            Well that shows how much I know... it's starting to sound like the unwary retirement saver could really get hammered by this tax, as Almington pointed out.
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            • #81
              Re: Campaign 2016 Part XI: the Two Party Problem

              Hilly will carry Manhattan and all its wall st rich!!!
              a legend and an out of work bum look a lot alike, daddy.

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              • #82
                Originally posted by St. Clown View Post
                Regardless of the classification, depending upon the size of the tax, it could have a serious impact on the average person's 401k or union member's pension. If it were a few pennies per transaction, much like the SEC fee, it'd be no big deal. If Bernie's trying to provide free college to all state schools, then you're looking at a serious impact to the average person's retirement. Those fees charged by mutual fund companies eat into the effective annual rate of return, reducing the power of the compounding IRR.
                Have we still not seen the plan to ****** tuition growth? Or better yet roll it back first?
                a legend and an out of work bum look a lot alike, daddy.

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                • #83
                  Re: Campaign 2016 Part XI: the Two Party Problem

                  Originally posted by mookie1995 View Post
                  Have we still not seen the plan to ****** tuition growth? Or better yet roll it back first?
                  Election promises are one thing, actual legislative action is something else entirely.
                  "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

                  "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

                  "Good news! We have a delivery." Professor Farnsworth

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                  • #84
                    Re: Campaign 2016 Part XI: the Two Party Problem

                    Why, Ed?

                    @FoxNews: .@edhenry: "State election officials saying that maybe over 125,000 Democrats in the borough of Brooklyn were denied the right to vote..."
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                    • #85
                      Re: Campaign 2016 Part XI: the Two Party Problem

                      AP gives Trump the win, and CNN has an exit poll that's 52-48 Hillary.
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                      • #86
                        Re: Campaign 2016 Part XI: the Two Party Problem

                        Originally posted by joecct View Post
                        Why, Ed?

                        @FoxNews: .@edhenry: "State election officials saying that maybe over 125,000 Democrats in the borough of Brooklyn were denied the right to vote..."
                        cause they want hilly to win! geez
                        a legend and an out of work bum look a lot alike, daddy.

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                        • #87
                          Re: Campaign 2016 Part XI: the Two Party Problem

                          I saw exit polling with Drumpf 64, Kasich 22, Cruz 14. I wonder if that would give him all 95.
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                          • #88
                            Re: Campaign 2016 Part XI: the Two Party Problem

                            @reidepstein:

                            With 43% of precincts reporting results in NY-15 in the Bronx, 332 Republicans have voted.
                            "I went over the facts in my head, and admired how much uglier the situation had just become. Over the years I've learned that ignorance is more than just bliss. It's freaking orgasmic ecstasy".- Harry Dresden, Blood Rites


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                            • #89
                              Re: Campaign 2016 Part XI: the Two Party Problem

                              NY 23 (Ithaca et al) hasn't reported yet. It's going to be very weird.

                              I assume 10 and 12 are in Manhattan, as both are Drumpf by about 1%. He may actually run every district.
                              Last edited by Kepler; 04-19-2016, 10:06 PM.
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                              • #90
                                Re: Campaign 2016 Part XI: the Two Party Problem

                                Originally posted by Spartanforlife4 View Post
                                AP gives Trump the win, and CNN has an exit poll that's 52-48 Hillary.
                                Well, I'm gonna go ahead and guess that exit poll had a lot of input from people voting with provisional ballots hoping they'd get counted later. Still a lot of Upstate to go, but NYC still has a good amount of precincts left and Nassau hasn't reported anything.
                                Go Green! Go White! Go State!

                                1966, 1986, 2007

                                Go Tigers, Go Packers, Go Red Wings, Go Pistons

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