Money Investing megathread extravaganza - Page 893

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**DaFace** · 03-10-2023, 03:53 PM

Quote:

Originally Posted by BigBeauford

Something along those lines. Smaller Aerospace company based out of Colorado.

I suspect you're hearing some hyperbolic numbers here. Lockheed Martin only has ~$50B in assets, and they're not exactly a "small startup."

BigBeauford · 03-10-2023, 03:58 PM

Quote:

Originally Posted by DaFace

I suspect you're hearing some hyperbolic numbers here. Lockheed Martin only has ~$50B in assets, and they're not exactly a "small startup."

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

**DaFace** · 03-10-2023, 04:00 PM

Quote:

Originally Posted by BigBeauford

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

Ha! OK. That makes far more sense.

BigBeauford · 03-10-2023, 04:03 PM

Quote:

Originally Posted by DaFace

Ha! OK. That makes far more sense.

Yeah and that's honestly way worse. That means way more companies are going to get ****ed.

**Buehler445** · 03-10-2023, 04:05 PM

Quote:

Originally Posted by BigBeauford

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

That makes a little more sense. Not sure it changes the level of horrible.

Jenson71 · 03-10-2023, 04:06 PM

That is some really interesting data on that chart. I wish I could find that somewhere where I can see it.

**DaFace** · 03-10-2023, 04:31 PM

Apparently my work banks with them as well. That's...less than ideal.

Not sure the extent to which we have funds there, but they're at least in the portfolio.

**DaFace** · 03-10-2023, 04:54 PM

Actually, as I dig around a bit, I think they're mostly an investor rather than our "bank." So we're in the assets column rather than the deposits column. Still, could get interesting to see how that plays out.

seamonster · 03-10-2023, 05:52 PM

How many other banks are in the same death spiral? SVB weren't the only ones parking their assets in long term bonds.

UteChief · 03-10-2023, 07:09 PM

Quote:

Originally Posted by Buehler445

Holy ****.

That is MUCH more than I have uncovered.

That makes me want to puke just thinking about it. And I can’t wrap my head around 50B.

****.

Why don’t you open a cash management account with Fidelity? They layer your deposits across multiple institutions and its FDIC insured up to $3mm. And the rate (4.22%) is probably higher than your banks.

**lewdog** · 03-10-2023, 07:15 PM

Quote:

Originally Posted by BigBeauford

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

Jesus dude.

Go back and edit all your posts now!

UteChief · 03-10-2023, 07:17 PM

Quote:

Originally Posted by seamonster

How many other banks are in the same death spiral? SVB weren't the only ones parking their assets in long term bonds.

Probably not too many. SVB balance sheet was made up of a high a percentage of long term, low yield assets.

Hog's Gone Fishin · 03-10-2023, 08:38 PM

I just bought 10 shares of QYLD because of all this mayhem. Must save myself!

**Buehler445** · 03-10-2023, 11:26 PM

Quote:

Originally Posted by SLC.Joe

Why don’t you open a cash management account with Fidelity? They layer your deposits across multiple institutions and its FDIC insured up to $3mm. And the rate (4.22%) is probably higher than your banks.

I’m setting up a similar deal with a different outfit, but I haven’t finished it yet. I’ll definitely look into Fidelity though, thanks.

**lewdog** · 03-11-2023, 07:46 AM

Makes you wonder if you should have all assets over $250k separated into different accounts/institutions to protect from something like this. I've always been told no, it's not needed, however..............

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1486899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
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03-10-2023, 04:06 PM	#13386
Jenson71 fides quaerens intellectum Join Date: Oct 2003 Location: United States Casino cash: $8330900	That is some really interesting data on that chart. I wish I could find that somewhere where I can see it. Last edited by Jenson71; 03-10-2023 at 04:59 PM..
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03-10-2023, 04:31 PM	#13387
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1486899	Apparently my work banks with them as well. That's...less than ideal. Not sure the extent to which we have funds there, but they're at least in the portfolio.
Posts: 52,041

03-10-2023, 04:54 PM	#13388
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1486899	Actually, as I dig around a bit, I think they're mostly an investor rather than our "bank." So we're in the assets column rather than the deposits column. Still, could get interesting to see how that plays out.
Posts: 52,041

03-10-2023, 05:52 PM	#13389
seamonster Veteran Join Date: Oct 2010 Casino cash: $5735409	How many other banks are in the same death spiral? SVB weren't the only ones parking their assets in long term bonds.
Posts: 3,929

03-10-2023, 08:38 PM	#13393
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $1180477	I just bought 10 shares of QYLD because of all this mayhem. Must save myself!
Posts: 40,485

03-11-2023, 07:46 AM	#13395
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $1361900	Makes you wonder if you should have all assets over $250k separated into different accounts/institutions to protect from something like this. I've always been told no, it's not needed, however..............
Posts: 45,738