350Z's 2007 I Fund Thread

[Jonathan]

Citbank, Wachovia, Morgan-Chase and BofA all borrowed the same amount, and announced it at about the same time. There's some suspicion out there that this was just a coordinated stunt with the Fed to try and decrease the stigma of borrowing from the discount window.

Time will tell, of course. I think the suspicion is probably right; however, it's not having a great effect on the market. In fact, it looks kinda desperate.

 

[USNAVYRETIRED]

Those bastards charged me a $40 late fee and $20 interest because I was 1 day late while on vacation. I'm a 15 year customer. I pay it off every month.

Did you call and talk to them? Many times if you have a good payment record they will credit you back the late fee and sometimes the interest if you were only a day or two late.

 

[350zCommTech]

Citbank, Wachovia, Morgan-Chase and BofA all borrowed the same amount, and announced it at about the same time. There's some suspicion out there that this was just a coordinated stunt with the Fed to try and decrease the stigma of borrowing from the discount window.

Time will tell, of course. I think the suspicion is probably right; however, it's not having a great effect on the market. In fact, it looks kinda desperate.

Per CNBC, Bear Sterns might have been the one in trouble. They couldn't borrow last week but today, they can. Something tells me that the folks that are tapping the discount window today might have been forced to come to the rescue of Bear Sterns. CNBC idiots gave a good spin on it.

 

[350zCommTech]

Did you call and talk to them? Many times if you have a good payment record they will credit you back the late fee and sometimes the interest if you were only a day or two late.

Yes, I did. I threaten to close my account, so they credited the fees. But I'm still going to close the account, next month.

 

[Jonathan]

Yes, I did. I threaten to close my account, so they credited the fees. But I'm still going to close the account, next month.

Citibank can be pretty draconian with upping interest rates and fees the moment you're late with a payment. I fell afoul of that early last year (both my wife and I have accounts, and I inadvertently sent two payments to one account instead of one to each). Despite repeated phone calls to them to straighten things out and an otherwise flawless payment history, they cranked the interest rates to loan shark territory.

Had to pay the whole thing off before they'd reduce the rates again.

 

[Jonathan]

EAFE +1.24% for the day. That's +$.28 before any fv this afternoon.

 

[nnuut]

Citibank can be pretty draconian with upping interest rates and fees the moment you're late with a payment. I fell afoul of that early last year (both my wife and I have accounts, and I inadvertently sent two payments to one account instead of one to each). Despite repeated phone calls to them to straighten things out and an otherwise flawless payment history, they cranked the interest rates to loan shark territory.

Had to pay the whole thing off before they'd reduce the rates again.

If they would have done that to me I would have FIRED them!! I know the're all alike!

 

[McDuck]

MSCI is up 1.24% today.

 

[USNAVYRETIRED]

Citibank can be pretty draconian with upping interest rates and fees the moment you're late with a payment. I fell afoul of that early last year (both my wife and I have accounts, and I inadvertently sent two payments to one account instead of one to each). Despite repeated phone calls to them to straighten things out and an otherwise flawless payment history, they cranked the interest rates to loan shark territory.

Had to pay the whole thing off before they'd reduce the rates again.

If you're like me and pay the total bill every month, they aren't making any money off you. So anytime you are late or some other mishap, like when paid the same account twice, is when the company gets a chance to get some of your money, since they are not getting interest on a monthly basis. I think we should be allowed at least one "Oops!" each year. Hell, nobody's perfect!

 

[Birchtree]

But now there is a ding on a credit report. Even if the account is closed, the ding remains. When the account is closed there goes another ding. Slow down and keep the account.

 

[Scout333]

Ok Braves fans, Turn the rally hats around for tomorrow! Now that I'm out of the I look for a huge day tomorrow!!

Great job with those rally hats Braves fans! What did I tell you. Oh well, guess its nice to be right about something even if its not my investment choices. There's always tommorow!

 

[snowcat]

A few months after my Sears MasterCard was turned into a Citibank MasterCard, Citibank lowered my credit limit from $4000 to $300 – because I had failed to pay a $3.20 balance on that card from the previous month. Numerous phone calls (going up the customer service chain) failed to get them to reconsider. I’d had the Sears card for over 25 years, and with my salary there should have been little doubt that they’d get their $3.20. I was so angry, I closed the account.

So personally, I hope Citibank goes bankrupt!

 

[sugarandspice]

44 cent gain in the I today!

 

[12%ayear]

What I meant to say was over 1% 2 days in a row for the I Fund. not 1 day

The Nikkei will explode tonight. After-hours the futures are on fire. Japan is way oversold to say the least. Whenever the markets obtain a flock of bad news, it always overacts at first, then it comes to its senses and works out the bugs. This is what is happening. The market caught the "Lenders Flu" and Dr. Bernanke gave it a dose of "green penicillin". Although, we cannot go up forever,I think it might be time to lock profits tomorrow and sideline for a day or two. Next week, we have a ton of data to go through, I think we will come out smelling pretty. I will see what the markets are doing Thursday and then make a move or stay put. This is what I wasposting about yesterday regarding the permabears who always eat dirt on CNBC. They want to scare people and they miss huge rallies. It is ok to miss a few, but not all..LOL

 

[12%ayear]

The Fed knows they have to cut or this will be a huge problem for the economy. Next week, we have a ton of data from them and us to figure out. Everyone get on your surfboard and ride the waves. btw Bloomberg + a penny at this stage for the I Fund. If you notice, the OSMs are ran up2-3 %. The I fund is a laggard bigtime., Staying 100% in the I FUND.

Post above yesterday about the LAGGARD I FUND...look today...more to come tomorrow!!!

 

[jayhawker]

44 cent gain in the I today!

A 15 cent +FV??? Oh brother! We didn't need that!

 

[weatherweenie]

44 cent gain in the I today!

+17cent FV today?

 

[Jonathan]

The Nikkei will explode tonight. After-hours the futures are on fire. Japan is way oversold to say the least. Whenever the markets obtain a flock of bad news, it always overacts at first, then it comes to its senses and works out the bugs. This is what is happening. The market caught the "Lenders Flu" and Dr. Bernanke gave it a dose of "green penicillin". Although, we cannot go up forever,I think it might be time to lock profits tomorrow and sideline for a day or two. Next week, we have a ton of data to go through, I think we will come out smelling pretty. I will see what the markets are doing Thursday and then make a move or stay put. This is what I wasposting about yesterday regarding the permabears who always eat dirt on CNBC. They want to scare people and they miss huge rallies. It is ok to miss a few, but not all..LOL

I guess we're going to find out...I'm all in the I-fund tomorrow.

I think the economic fundamentals are not looking good these days, and I think there's a lot more bad before things straighten out. But that doesn't mean every day will be a bad I-fund day

Of course, the +fv correction tomorrow doesn't exactly thrill me.

 

[12%ayear]

I guess we're going to find out...I'm all in the I-fund tomorrow.

I think the economic fundamentals are not looking good these days, and I think there's a lot more bad before things straighten out. But that doesn't mean every day will be a bad I-fund day

Of course, the +fv correction tomorrow doesn't exactly thrill me.

the Nikkei should take care of that.

 

[12%ayear]

Remember that the Nikkei was flat today while the FTSE and CAC were up 1.8%. Japan now has a lot of catching up to do!

yes, we need .72% to breakeven for Thursday, the rest is profit. With the futures exploding AHs, this bodes well for Europe also. Nikkei IMO will pop2-3% tonight and another pop from CAC,DAX,and FTSE will push us into green tomorrow.