DOL
WisdomTree International LargeCap Dividend Fund
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Do we calculate inflation in the most regarded way, or am I just regarded?
Jobless claims: 230K VS 225K Previously, estimated 230K
DOL Claims number coming out tomorrow at 1:30 PM, Unemployment Coming Out Friday, December 02 2022.
Fidelity announced this morning (2022-04-26) that they will be the first major retirement plan to allow investors to put bitcoin in their 401k plans (Investopedia).
CNBC: correct your story on jobs numbers
Mentions
now there's a surprise-------- NOT - here's a synopsis - if you were given a $1M bonus today, tomorrow you'd be on social media complaining it wasn't grossed up for taxes. you'd be asking if that was legal and whether you should file a complaint with the DOL and looking for references on what type of attorney you should hire and whether it waa likely the owner would have to pay your legal fees to try and sue him
Wow, that’s incredibly frustrating — and unfortunately not uncommon. Employers sometimes misconfigure their benefits systems or rely on third-party platforms that aren’t flexible or compliant with the latest IRS rules. If the $500 "employer" contribution isn’t guaranteed and you're capped at $3,800 regardless, that’s effectively **denying you the ability to max out your HSA**. And yes, that could be worth a DOL complaint if it’s limiting your legal tax-advantaged contributions. This is one of the reasons I’m so bullish on solutions like **WhiteRock**. In a world where finance, compliance, and benefits are increasingly automated, *transparency and programmability* should be standard — not some black box with endless support tickets. Imagine your HSA settings being on-chain, rules encoded in smart contracts, and no hidden catches or opaque workflows. But until we get there — I’d document everything, follow up in writing, and consider escalating through your HR or legal team. You *should* be able to make up the difference through payroll deductions or direct HSA deposits to hit the IRS max. Good luck — and this is exactly the kind of thing that shows how legacy systems are overdue for a serious upgrade. [https://network.whiterock.fi/contribute?code=Primo\_2009](https://network.whiterock.fi/contribute?code=Primo_2009)
It’s because Biden used the DOL to push changes to who can be classified as salaried. Just like Obama did before he left office. Trump cancelled Obama’s technically, but by then so many businesses had already adjusted in preparation and the genie couldn’t be put back in the bottle. Obama legit used that trick to give one of the largest raises to working class folks in 40yrs and when it wasn’t blared everywhere and touted by dems, I knew that the powers to be controlled almost all avenues of info and both parties. They pull big levers silently all the time and then try to point to different reasons for causation, it’s all a big fkin show of distractions.
I have big positions in PLTR and DOL.TO Your FUD doesn’t even tickle.
No it doesnt. It only counts people that are doing there weekly reporting with DOL
ADP and US Dept of Labor painting two different pictures. The difference is DOL has been revising by down their numbers for 4 consecutive reports now by nearly 30-40k.
XIT - is for tech heavy stocks. So it can dive but it's potential is higher than VFV over the long term. ZCH - is for chinese exposure. Not sure if its worth it but the stock is only 17$ rn. So not that bad to see whats going on. Just keep in mind that they are not a free market. Lots of market manipulation. it can jump 5% in a day and drop 5% in a day too. XEQT - More exposure to global markets in guess. Kinda trash imo but I still have some. DOL - Dollarama stock. My best performing stock so far. Think about it. The worse an economy is, the more this stock increases in value. Cuz people still need stuff, but now they need it cheap. But when things are good, this stock is tanking. And lastly HMAX - a banking ETF. With an ex-banker as PM i thought why not. You could also get VDY but I chose this one cuz it has 13-15% dividends instead of just 5%. Its not as established (only a year or two since it was created) Anyways keep in mind im very new too. This is just everything I know now. And ive given up learning more. I put 60% of my net worth into a mutual fund and theyre doing better than I am (they're up 10% vs me losing 5%)
DOL is one of my best performing stocks this year. Canada is heading into recession and DOL is by far the best positioned to capitalize on it. I never see an empty Dollarama. The most expensive thing at Dollarama is what? $5? Soon it will be $6, then $7. I will probably never sell this stock TBH.
I know ppl are waiting for bad numbers to come out tomorrow and I want a market avalanche to prove how pea-brained TACOmango's "policies" are but I also remember how mad he got at DOL's mega upward revision last summer so you'd better believe he's got the DOL and BEA looking like the kitchen at the mf'n French Laundry right now working on these books. We're not gonna have bad numbers until we're already well past the point of no return imo.
It falls under dept of labor which executive claims to control. None of that really matters as both DOL and BOL have been "audited" by doge and staffs cut, legal or not.
Nothing coming from Trumps DOL can be taken as fact. Nothing coming from any of his departments can be taken as fact.
Employment data has been captured by the same methodology that entire time. I was a participant a couple of years ago. I had a monthly call with the DOL for 8 months plus 1 follow-up call around month 13. I can't remember the exact details, but my interviewer was a pretty cool lady.
I’m back in from 30% cash high to ride the wave. I’meaching out for companies that have good strategies to deal with Trump or capitalize on lower spending power. So far BRK.b, DOL.to, L.to, and CA/EU index (for dollar Risk) is my next 1-3 months. Trump is softening (AKA getting his asskicked), i don’t see as much risk as before.
DOL jobs report about to be Doge'd
DOL baby!! Mass immigration in Canada bring alot of people looking for cheap goods to begin with and everything is getting more expensive all the time. The equivalent to Dollar Tree. They also bought their equivalent in Australia. They are having inflation issues too.
I've been writing CC's on DOL as well. I've come to the conclusion that it's a not an ideal CC play, the bid-ask spread on options is insanely high so you're going to lose a buck or more a share rolling, although you can usually ask for say 20-25 cents better than the current bid/ask and still get filled. I mean, look at the bid-ask spread for options on a high volume american stock like NVDA or AMD and they're only ten cents apart for similar pemiums. A lot of stocks on TSE suffer the same problem, which makes rolling that much harder to stay profitiable. One thing you want to look at is intrinsic vs extrinsic. Current price 171.30 ish. Look at the extrinsic on what you buy (the 165) - 6.30. Buying to close costs say 8.20 so $1.90 of extrinsic. But you can sell a 170 call for June at around $7.25. That means the June call is 1.30 instrinsic and 5.95 extrinsic (i.e. the "free" money you make by taking on the risk). So it's kind of like you spent $5 bucks to get an $5 increase in the CC strike (which means zero net gain if the stock goes up $5) but gained a net of (5.95 - 1.90 = 4.05) extrinsic. So if the stock stays where it is, maybe you could do it again in another moneth or two and gain your $5 instrinsic back, but that's a gamble. Historically speaking, the 30 day increase in price we saw last month is out of the ordinary, but whether you gamlbe it's a historical aberration or an expected response to FCF and earning under the US tariff conditions is your call. But if it goes down then you spent $5 on instrinsic rolling for nothing.
I'm high income and the tax cuts that Trump put in place during his first term will become permanent. Tax cuts for corporations will help my company and industry thrive. Deregulation to my industry is even more important. The previous admin was trying to push regulation through the DOL that would have been painful. Lots of things don't affect me personally. No president has ever affected me personally. Most things you vote on don't affect you. That's a disingenuous argument. I don't want un-vetted people in our country. It sounds like you're OK with that. That's why we vote. I don't believe it's fair for girls to compete with biological males. Sounds like you want them to. That's why we vote.
It’s almost like the DOL had a study conducted that concluded Tariffs in the last administration killed jobs in our domestic manufacturing industry. Too bad nobody read it. SMH.
I had SCHD because everybody recommended it but it’s my worst performing dividend fund over 3 years and lost about 9% in value since the dip. I’m in Canada and able to get better yield like 7% monthly dividends and better growth with SRU.UN.TO and its only come down 3% in value. Others my watch list ENB - 5.96% JEPQ - 5.15% JEPI - 8% Not a dividend but underrated are dollar stores. I also invested in DOL.TO which is a dollar store that is expanding to other countries and it has not dropped in value since tarrifs. It seems to go up like COST when everything else is Red. Maybe something to look into.
Play on Canada or Mexico? Smuggling/hoarding at border town dollar stores/grocers Dollarama (DOL-Toronto)... Awesome lomg-term stock record Brazil and Argentina arguably great aggy plays... Each country ETF has issues though
DOL should send a link to "Coal Miner's Daughter" to further sweeten their recruiting ad.
Will he ever back off completely? I dont,think he can help himself Convincing myself,to sell it all.. Even non-tariff names go down,with market sentiment Dollartree in Canada is interesting. Dominant dollar,store. Great management.. Usa customers drive to Canada and hoard? Smuggling? All purchased at Dollarama (DOL-Toronto.. No USA revenue that i know of 95% Canada if not more).. Same argument Canadian Tire or grocers,like Loblaw
Move your $ to Canada. We have stable bank, property REITs, and energy securities. Most pay a dividend between 4-7% Check out CM, ENB, FTS, REI, CPX… some of those trade on on the US markets some on the TSX only For a Canadian growth stock look no further than Dollarama which is Canada’s largest dollar store but is more like a mini discount Walmart with all name brands these days. DOL.TO
Shouldn't be a problem once they finish the plans for OSHA and DOL.
Thats a great question. Given the halo these things have by falling under DOL Safe Harbor rules, its only a matter of time before an employee group gets together and tries to pierce that fiduciary bubble. Old, pleated pant, Drakkar Nour wearing bankers designed these things using the 60/40 framework - during a time when correlation between the two worked in investors favor as a "hedge" to volatility. TDFs only get crushed like this when sequencing risk AND inflation are high. To fix them, a non-correlated asset class would be needed to added in order to mitigate this adverse scenario. Adding fixed immediate paid up annuities as an option when someone was behind on their replacement ratio ( variable income streams that supplement SS ) would be one idea. Crypto? Real Estate? Others?
Because it's an over-rated stock. Reddit is totally reliant on free moderator labour to function. They're one unfavourable DOL rulling away from the whole thing collapsing.
FYI - DOL just announced expansion to Australia. Very well run company.
That's complete nonsense. Name one thing Biden did to somehow *bucked global trends*. The US economy bounced back faster and better than the rest of the world because our economy was stronger than any other economy in the world, not because of something that the president did. If anything, Biden badly exacerbated inflation here by dragging his feet on reversing the national emergency, not using DOL to push states to reinstate work-search requirements on UI payments, dumping almost a trillion **more** dollars in to the economy with the ironically named "Inflation Reduction Act." Name one thing he did to actually *fight* inflation.
I'm not so sure to believe the business noose reports. I checked the Unemployment new claims and continuing claims at the [DOL web site](https://www.dol.gov/ui/data.pdf) and it looks like unemployment and layoffs is very stable. I keep waiting for new claims to surge and it never happens after I bet money that it will happen. Also, the deportations don't seem significant, only a few dozen or so, not millions of persons. It seems the media is lying to keep everyone confused. I'm guessing that prices will be going up and then the economy will slow down and months later unemployment would become a problem. Also the options market may prevent a sudden crash. So the decline and panic probably won't be until this summer or next fall.
My broke bitxh picks: L.TO DOL.TO TSLQ AAPL - because they actually make money.
Singapore? Who cares? Let me know when Trumps SEC or The DOL get involved.
You should talk to DOL - Employee Benefits Security Administration at https://www.dol.gov/agencies/ebsa
Dollarama or Stantec on the TSE. DOL or STN. Amazing growth and blue chip.
if we pretend for a second that unemployment reports are real, how is the DOL gonna fake the numbers after this quarter with all the federal employee layoffs ?
In a post on Bluesky, Jesse Rothstein, a University of California, Berkeley public policy professor who was the DOL's chief economist at the start of the Obama administration, addressed the dire situation we could soon be facing.
I'm not familiar with the union, but I'm sure you could look them up with DOL's LM-2 Database and see their audited financials: https://olmsapps.dol.gov/query/getOrgQry.do
Fire people from the DOL, instill loyalists... fudge numbers. Unemployment keeps going "down".
If the IRS and DOL did their job and stopped FedEx from violating labor laws en masse that would certainly help. As would better labor rights for the rest of the workforce in the US.
I actually never held any SPY! Solid gains spread out across stocks including NVDA, TSMC, SOFI, CRWD, DOL, SQ, KEC, L
It’s not really for you to dictate one way or the other honestly. It all comes down to the plan document and the definition of compensation and if tips are included or excluded from that definition. If the employer adopted a typical prototype safe harbor plan, then the likely definition is that which is present in box 1 of the W2, to which tips are included. So if that is in fact what we have, then there honestly is effort and obligation on both the employer and employee side to figure out a situation in which to satisfy the rules of the plan. So to give me a blanket what is or isn’t something is really an unknown to all parties here right now. It’s not about complying with OP’s wishes, to some extent, it’s about carrying out a fiduciary duty to accurately carry out the terms of the plan as designed and offered to the employee. So the answer is read the plan document, define compensation, if such compensation does in fact include the tips, then everyone has the answer, the next step is figuring out the solution. Otherwise it opens a lot of other things I’m guessing the DOL would be curious about, which is the reason some 70-80% of the DOL budget is based on penalties and assessments they levy.
Does anyone like DOL.TO on here ?
BRK.B is 100x more diversified (and better run, and therefore safer) and as such allows you to sleep as well as anyone: +800% in 10 years (vs. DOL +760%). But, yes, selling cheap sh*t from china to poor people has always been a good grift. Ask Sam. Or the Don.
I work from home... my "drinking place" is home, part of the climate change upgrade meant that "For certain occupations, DOL has predetermined there are not sufficient U.S. workers who are able, willing, qualified, and available" capable, available, and willing American... does that mean I created a job at a drinking place as a [Schedule A occupation](https://www.uscis.gov/policy-manual/volume-6-part-e-chapter-7)?
Meanwhile, Dollarama (DOL.TO) is doing very well.
I'll take a nothing burger with well cooked calls, thank you DOL
Indicator could be DLTR closing a thousand stores 6 months ago (15%-ish)? And DOL is opening stores in Canada + Latin America with 50.1% ownership of Dollarcity.
Yes and yes. I like a defensive stock + Gold. Being CDN I follow this thesis with DOL (TSX) - similar to your Walmart thesis and Dollarama pays a little dividend and I like ARTG (TSX) for the mining of gold in B.C.
We've always done self-directed, even with EDJ. We had one EDJ FA leave, got a new one who later went out on his own, so we followed him, but our accounts stayed at EDJ. We moved and stayed with EDJ then. We only moved all the EDJ accounts to WF when EDJ went off the rails with their interpretation of the DOL fiduciary rules. We already had opened SEP IRAs at WF, so that consolidation was easy. I love the WF interfaces. If you don't do the work and like the person, follow him. If you like your current holdings most if not all can transfer in kind.
DOL (Canadian stock on TSE) not up there but it is a dollar store and reporting earnings tmrw - puts?
Based on recommendations and family, probably DOL.TO, DOO, TD, and RBC. Yes I am from Canada.
Mostly ETFs, across varying industries. DOL, ATD, LVMH and PLTR are my only individual stock holdings. Rebalancing a couple times throughout the year, yeah I think I do have that part figured out. There’s plenty I don’t.
So the DOL has been lying, and lying, and lying. Between this, the glut of steel in the US, the glut of natural gas in the US, etc, we may already be in a recession.
Fed doesn't. The DOL does as they have done for decades. In 2019 it was -501,000 adjustment for instance
The NEWSpeople were reading too much in the one week new claims. They didn't even mention the 4-week average of new claims. I had to go to the DOL web site and check the [data](https://www.dol.gov/ui/data.pdf) myself to find that the 4-week average is up by 2500.
I saw some "news" stories that say not to worry about the unemployment because new claims fell this week. But I want to the DOL web site to see that [data](https://www.dol.gov/ui/data.pdf) myself. The 4 week moving average is still up by 2500 new claims. So I'm not convinced that the threat of a recession is gone. I also found that Paramount Global is cutting 15% of it's US workforce.
Every Canadian with a TFSA or RRSP is buying USA equities. The candian dollar could slide anytime if people lose faith in the biggest real estate bubble in candian history. Our government has spent all the money stimulating in the good times, then even more during COVID. Position: Dollarama (DOL.to), APPL (big tech with less AI exposure) & USD index funds.
Most company's had kept their pension plan perpetually underfunded, ergo companies going under and not having assets to pay out and the whole pensions crisis thing. So less assets then would have been needed/expected were actually put into the market. Lots of pensions have their funds actively managed since it's the company itself handling it, I do pension audits and they all have advisors at big banks who manage the assets, lots of individual stocks, lots of reallocation based on risk. So not much different then a regular institutional/individual investor in terms of being able to dump if they feel theres a bust coming. 401k's are unique in that regard, there's generally no significant pullouts since your usually disincentivized from making lots of trades/reallocation's. And self-directed accounts are very rare. And since people have individual accounts and it's there money, company's can't underfund the 401k and not have people notice. DOL is very very strict on that too.
Are 401k even going to accessable to workers after DOL ERISA just got nuked?
Canadian dollar stores. This country is going to shit. (DOL.TO)
Looking at the [report](https://www.dol.gov/ui/data.pdf) directly from the DOL almost every week, I'd guess this week's 8,000 increase in new claims is only a seasonal bump. When it's not seasonally adjusted, initial claims went down by 1,734. It seems that the job market is still very stable, yet I keep watching to see if there will be some significant increases in unemployment. It's up in some states, it's down in others. It's up some weeks, and down in other weeks Also continuing claims seem to have the same type of noise but not showing a significant trend up or down.
I understand your bearish view that a recession could happen and rate would have to be lower and long bonds would skyrocket in price. That is why most investors should own both stocks and bonds. But currently I'm really afraid to buy long bonds because the economy still seems overheated. I keep checking the weekly DOL new unemployment claims almost every week and it seems a cyclical recession isn't started. I've noticed the GDP isn't as high as it was months ago, but I doubt is the Fed can do some serious rate cuts if inflation isn't gone and unemployment isn't skyrocketing and stock earnings are still healthy. I also worry that trade tariffs and the current decline in net exports may cause inflation or stagflation. I currently enjoy the t-bill rates and the growth in stocks, and I keep watching when it's time to sell t-bills and buy longer bonds or more dividend stocks if there is a big correction.
DOL.TO, BBD-B.TO and ATD.TO if you to bet on some Canadian stock today
Ask Canadians who are currently getting DP from housing, calls on DOL.TO.
I literally did this recently with DOL.TO. I sold almost all of it at 105 and it is now at 123. I’ve only missed out on 17%, but it keeps hitting ATHs. And I did take profit, but damn. Most regretted trade I’ve ever made by a long shot.
The SEP plan and the 401(k) plan are splitting the same pool unless you have another business/side gig that is earning the money which qualifies you for the SEP: "Your contributions to each employee's SEP-IRA for a year cannot exceed the lesser of 25 percent of the employee's compensation for the year or a dollar amount that is subject to cost-of-living adjustments. The dollar amount is $61,000 for 2022 and $66,000 for 2023. These limits apply to your total contributions to this plan and any other defined contribution plans (other SEP, 401(k), 403(b), profit sharing, or money purchase plans) you have." From DOL: [https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/sep-retirement-plans-for-small-businesses](https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/sep-retirement-plans-for-small-businesses) Otherwise, same employer = one limit across both plan types. Roth IRA is an account, not an employer (company) retirement plan (IRA = "individual" retirement account). There are regulations which will combine all IRA-types (such as basis for taxable conversion) and which will combine all employer plan types, for eligibility and qualification purposes. I always recommend looking up what applies for the year you have a concept. "SEP is traditional not Roth though." Yes, Roth is now allowed under SECURE Act 2.0.
For about 5 months I've been planning for high interest rates. If the Fed lowers rates it will only cause more inflation and they will have a serious problems if they can't sell bonds. Unemployment is still very low. Employment and GDP are still growing. Consumers - the macro economy as the forest and not looking at individual trees - are still spending. 3% 30-year fixed rate mortgages and increased housing prices are still doing petal-to-the-metal stimulation of the economy. A slowdown in dining out, and yesterday's DOL report of increased unemployment claims is most likely some slowdown because of stagflation instead of a cyclical slowdown. The CPI inflation, high prices of housing, high rents and increased cost of living is causing consumers to slow some because of inflation, not a cyclical down turn. I believe the yield curve will eventually normalize to have higher rates on the long end, not the short end. In other words, 30 years yields maybe 6 or 7 percent, and short term T-bills remain about 5 or 6 percent. And mortgage rates to remain over 7 percent maybe for a decade or two.
All EVs are suffering Consider that aggressive Tesla price cuts are intended to inflict even greater pain on EVs at Ford, GM, etc to force them to capitulate I'm sure Elon has weighed the potential downside of making the brand somewhat partisan, and a future under another Dem administration. The dem power structure is out to get Elon (via IRS, SEC, exclusion from public events for EVs, EPA, DOL lawsuits, etc). I think he's pissed and is determined that Biden not be reelected.
I maxed my TFSA a whole month ago and almost all my gains got erased the last few trading days. I'm going to sell Dolarama (DOL.TO) tomorrow since I was losing money on it before the earnings "pop." It's been flat ever since. Intel and Cloudflare my biggest losers and unfortunately the latter is on me for not following my gut and selling last Tuesday.
A youtube video from September 25,2022 is bullish DD?  Here's nine bearish qualitative stories from the past few weeks? 1- Six weeks later... the news finally reports $102M Executive Payouts WHILE KNOWING ABOUT HACK (CORRECTION: Q3 and prior to DOJ Announcement: [https://finance.yahoo.com/news/unitedhealth-chair-executives-sold-102-100000659.html](https://finance.yahoo.com/news/unitedhealth-chair-executives-sold-102-100000659.html) *Typically a company’s general counsel would declare a blackout period barring trading in light of a sensitive investigation, according to John C. Coffee Jr., a corporate governance expert at Columbia Law School. “Apparently, this did not happen” at UnitedHealth, he said in an email.* 2- Imagine the HIPAA Fines.... Apparently the Ransomware Payment didn't handle everything. [https://www.scmagazine.com/news/change-healthcare-breach-data-may-be-in-hands-of-new-ransomware-group](https://www.scmagazine.com/news/change-healthcare-breach-data-may-be-in-hands-of-new-ransomware-group) 3- $3.7B Acquisition under DOJ and State Regulator Scrutiny. [https://www.healthcarefinancenews.com/news/regulators-reviewing-unitedhealths-37b-amedisys-acquisition](https://www.healthcarefinancenews.com/news/regulators-reviewing-unitedhealths-37b-amedisys-acquisition) 4- Muscling Providers to "Back Them Up" [https://www.wsj.com/articles/unitedhealth-grapples-with-communications-during-hack-crisis-b1dfccd8](https://www.wsj.com/articles/unitedhealth-grapples-with-communications-during-hack-crisis-b1dfccd8) 5- Predatory Loan Terms, Possibly adding the benefits of purchasing bankrupted providers. Which they caused due to poor cybersecurity and aforementioned predatory loans. [https://www.cbsnews.com/news/doctor-describes-devastating-effects-unitedhealth-cyberattack-change-healthcare/](https://www.cbsnews.com/news/doctor-describes-devastating-effects-unitedhealth-cyberattack-change-healthcare/) 6- Health Organizations and Associations asking DOL to regulate Fees. [https://twitter.com/EdGainesIII/status/1778388450871275793](https://twitter.com/EdGainesIII/status/1778388450871275793) 7- Madatory Government Intervention in Medicare Reimbursement ... essentially a government bailout of UHC. [https://www.reuters.com/technology/cybersecurity/us-hospitals-group-calls-unitedhealth-efforts-after-hack-inadequate-2024-03-05/](https://www.reuters.com/technology/cybersecurity/us-hospitals-group-calls-unitedhealth-efforts-after-hack-inadequate-2024-03-05/) 8- Biden Administration tightens Medicare Reimbursements, More than Expected increase in medications regulated by pricing (30 vs. 110 I believe) [https://www.reuters.com/markets/us/us-health-insurers-slide-final-medicare-advantage-rate-sparks-margin-hit-fears-2024-04-02/](https://www.reuters.com/markets/us/us-health-insurers-slide-final-medicare-advantage-rate-sparks-margin-hit-fears-2024-04-02/) 9- DOJ Probe, [https://www.wsj.com/health/healthcare/u-s-launches-antitrust-investigation-of-healthcare-giant-unitedhealth-ff5a00d2](https://www.wsj.com/health/healthcare/u-s-launches-antitrust-investigation-of-healthcare-giant-unitedhealth-ff5a00d2)
Considering the replies here, and I'd reference my one earlier in this thread. But for the sake of ease. Earnings are Tuesday....they ain't gonna be good..... What's your case for it going up besides it might be in a dip? Lobbyists can't change balance sheets and paying in and out on invoices. 1- Six weeks later... the news finally reports $102M Executive Payouts WHILE KNOWING ABOUT HACK (CORRECTION: Q3 and prior to DOJ Announcement: + [https://finance.yahoo.com/news/unitedhealth-chair-executives-sold-102-100000659.html](https://finance.yahoo.com/news/unitedhealth-chair-executives-sold-102-100000659.html) *Typically a company’s general counsel would declare a blackout period barring trading in light of a sensitive investigation, according to John C. Coffee Jr., a corporate governance expert at Columbia Law School. “Apparently, this did not happen” at UnitedHealth, he said in an email.* 2- Imagine the HIPAA Fines.... Apparently the Ransomware Payment didn't handle everything. [https://www.scmagazine.com/news/change-healthcare-breach-data-may-be-in-hands-of-new-ransomware-group](https://www.scmagazine.com/news/change-healthcare-breach-data-may-be-in-hands-of-new-ransomware-group) 3- $3.7B Acquisition under DOJ and State Regulator Scrutiny. [https://www.healthcarefinancenews.com/news/regulators-reviewing-unitedhealths-37b-amedisys-acquisition](https://www.healthcarefinancenews.com/news/regulators-reviewing-unitedhealths-37b-amedisys-acquisition) 4- Muscling Providers to "Back Them Up" [https://www.wsj.com/articles/unitedhealth-grapples-with-communications-during-hack-crisis-b1dfccd8](https://www.wsj.com/articles/unitedhealth-grapples-with-communications-during-hack-crisis-b1dfccd8) 5- Predatory Loan Terms, Possibly adding the benefits of purchasing bankrupted providers. Which they caused due to poor cybersecurity and aforementioned predatory loans. [https://www.cbsnews.com/news/doctor-describes-devastating-effects-unitedhealth-cyberattack-change-healthcare/](https://www.cbsnews.com/news/doctor-describes-devastating-effects-unitedhealth-cyberattack-change-healthcare/) 6- Health Organizations and Associations asking DOL to regulate Fees. [https://twitter.com/EdGainesIII/status/1778388450871275793](https://twitter.com/EdGainesIII/status/1778388450871275793) 7- Madatory Government Intervention in Medicare Reimbursement ... essentially a government bailout of UHC. [https://www.reuters.com/technology/cybersecurity/us-hospitals-group-calls-unitedhealth-efforts-after-hack-inadequate-2024-03-05/](https://www.reuters.com/technology/cybersecurity/us-hospitals-group-calls-unitedhealth-efforts-after-hack-inadequate-2024-03-05/) 8- Biden Administration tightens Medicare Reimbursements, More than Expected increase in medications regulated by pricing (30 vs. 110 I believe) [https://www.reuters.com/markets/us/us-health-insurers-slide-final-medicare-advantage-rate-sparks-margin-hit-fears-2024-04-02/](https://www.reuters.com/markets/us/us-health-insurers-slide-final-medicare-advantage-rate-sparks-margin-hit-fears-2024-04-02/) 9- DOJ Probe, [https://www.wsj.com/health/healthcare/u-s-launches-antitrust-investigation-of-healthcare-giant-unitedhealth-ff5a00d2](https://www.wsj.com/health/healthcare/u-s-launches-antitrust-investigation-of-healthcare-giant-unitedhealth-ff5a00d2)
It's like the 12th highest traded stock I think. It's counterintuitive because every single person on reddit is convinced it's "at a discount" and "UHC always wins, too powerful." Meanwhile............... 1- Six weeks later... the news finally reports $102M Executive Payouts WHILE KNOWING ABOUT HACK [https://finance.yahoo.com/news/unitedhealth-chair-executives-sold-102-100000659.html](https://finance.yahoo.com/news/unitedhealth-chair-executives-sold-102-100000659.html) *Typically a company’s general counsel would declare a blackout period barring trading in light of a sensitive investigation, according to John C. Coffee Jr., a corporate governance expert at Columbia Law School. “Apparently, this did not happen” at UnitedHealth, he said in an email.* 2- Imagine the HIPAA Fines.... Apparently the Ransomware Payment didn't handle everything. [https://www.scmagazine.com/news/change-healthcare-breach-data-may-be-in-hands-of-new-ransomware-group](https://www.scmagazine.com/news/change-healthcare-breach-data-may-be-in-hands-of-new-ransomware-group) 3- $3.7B Acquisition under DOJ and State Regulator Scrutiny. [https://www.healthcarefinancenews.com/news/regulators-reviewing-unitedhealths-37b-amedisys-acquisition](https://www.healthcarefinancenews.com/news/regulators-reviewing-unitedhealths-37b-amedisys-acquisition) 4- Muscling Providers to "Back Them Up" [https://www.wsj.com/articles/unitedhealth-grapples-with-communications-during-hack-crisis-b1dfccd8](https://www.wsj.com/articles/unitedhealth-grapples-with-communications-during-hack-crisis-b1dfccd8) 5- Predatory Loan Terms, Possibly adding the benefits of purchasing bankrupted providers. Which they caused due to poor cybersecurity and aforementioned predatory loans. [https://www.cbsnews.com/news/doctor-describes-devastating-effects-unitedhealth-cyberattack-change-healthcare/](https://www.cbsnews.com/news/doctor-describes-devastating-effects-unitedhealth-cyberattack-change-healthcare/) 6- Health Organizations and Associations asking DOL to regulate Fees. [https://twitter.com/EdGainesIII/status/1778388450871275793](https://twitter.com/EdGainesIII/status/1778388450871275793) 7- Madatory Government Intervention in Medicare Reimbursement ... essentially a government bailout of UHC. [https://www.reuters.com/technology/cybersecurity/us-hospitals-group-calls-unitedhealth-efforts-after-hack-inadequate-2024-03-05/](https://www.reuters.com/technology/cybersecurity/us-hospitals-group-calls-unitedhealth-efforts-after-hack-inadequate-2024-03-05/) 8- Biden Administration tightens Medicare Reimbursements, More than Expected increase in medications regulated by pricing (30 vs. 110 I believe) [https://www.reuters.com/markets/us/us-health-insurers-slide-final-medicare-advantage-rate-sparks-margin-hit-fears-2024-04-02/](https://www.reuters.com/markets/us/us-health-insurers-slide-final-medicare-advantage-rate-sparks-margin-hit-fears-2024-04-02/) 9- DOJ Probe, [https://www.wsj.com/health/healthcare/u-s-launches-antitrust-investigation-of-healthcare-giant-unitedhealth-ff5a00d2](https://www.wsj.com/health/healthcare/u-s-launches-antitrust-investigation-of-healthcare-giant-unitedhealth-ff5a00d2)
That might be true ish if they were good paying, full time jobs. However the vast majority of them are part time. You can this from FRED Economics, DOL statistics, and a few other places if you want to see for yourself own eyes. We have lost around 1.5 million full time jobs in the last few months. Secondly, that last couple jobs numbers have been reduced down substantially. December and January were revised down a total of 167,000 jobs. So, all in all it looks fairly bad at the moment. Full time jobs are dropping like a rock and the jobs that are added are predominantly part time jobs, with the trend in people holding multiple jobs going up, see above mentions for my sources on this.
Its DOL. i already opened it before posting it
Two reasons that are really one: PCE is being reported tomorrow and that's the Fed's preferred inflation index. They're selling off so that: 1. If PCE shows inflation as expected or even a bit cool, they've got plenty of cash to buy with and, now that they've all sold, what they're buying will be cheaper. 2. If the numbers are *not* favorable, they've already sold a good portion of their holdings *before* the value of said holdings plummeted the next day. Before big economics reports like this, the prudent thing is almost always to sell and hold cash, *particularly if you're one of those super special someones who's allowed to trade premarket when the report comes out* (PCE and most other similar reports from the BEA and DOL are released at 08:30EST, an hour before the plebs are allowed to start trading). **Glossary:** PCE: Personal Consumption Expenditures. BEA: Bureau of Economic Analysis. DOL: Department of Labor If you'd like to be slightly less rietarded in this matter: [https://www.investopedia.com/terms/p/pce.asp](https://www.investopedia.com/terms/p/pce.asp)
Dollar stores for all the poors created. In Canada we have mass immigration to deal with so my pick is DOL.to. It’s been on a rip for years.
Okay, regards. This is how it’s done. DOL collects survey responses from a small *sample* of employers then multiplies by the number of employers they *think* actually exist. Everyone wants this number fast fast fast so they use preliminary data for the first estimate. Then, when better data is available, they revise the first estimate. Sometimes the revision is large and sometimes it’s small. So, the number reported is *not* a tally of all actual jobs. It’s an extrapolation, a guess, based on a small sample. There are no jobs being hidden or ghosted. It’s just a statistical correction. Source: I used to do something very similar with farmland value estimates for USDA.
ADP is always less than half the BLS and DOL numbers, because ADP never has all of the numbers. Most businesses do not use ADP, mate.
market doesnt believe it - DOL keeps shifting the goalposts to keep the jobs number artificially high
Lotta Canadians have this as a cornerstone for their retirement funds. Keeps on hitting ATH no matter what. Check out DOL and CSU. Good Canada stocks always go up
Yeah, sometimes the market is irrational. DOL had a great run these last few years though, almost up 100%
One of the things that really impresses me about dollarama (DOL.TO) is their controlling interest in dollarcity, which is a Latin American dollar store chain. This was from today's earnings: "The Corporation's 50.1% share of Dollarcity's net earnings for the period from July 1, 2023 to September 30, 2023 was $18.0 million, compared to $9.2 million for the same period last year. The Corporation's investment in Dollarcity is accounted for as a joint arrangement using the equity method." Earnings from this segment doubled in the last year. That's a huge growth driver. Yes, it's a small share of the $386 million they made overall, but that's a nice ace to have in your back pocket.
Dollarama is a great alternative. It's a Canadian company that's expanding aggressively in South America. Quality management and impressive performance the past 5 years. https://www.theglobeandmail.com/investing/markets/stocks/DOL-T/
> The FTC and DOL are also looking to outright ban them nationally Not just ban, but also retroactively invalidate. Important to note that latter part, that is rare.
The FTC and DOL are also looking to outright ban them nationally because most worker think they hold power over them even though they do not. The non compete has been used and abused by companies for so long there that the absolutely few valid uses for them will go away too.
Complain to the company then, they are supposed to be acting as a fiduciary and offer good plans. Show then what vanguard or Fidelity would charge employees fee-wise for 401k funds and see what they say. Better yet send questions in writing and get responses in writing. I think the average is somewhere like 1.5%(awful), but they have to be acting in food faith to the employees. A labor/erisa attorney will certainly know if they have any liability for failing to provide a quality plan and the DOL would also be interested to look into it. Bonus option: double check your plan to see if you can roll-out while in service.
The economy being hot is not a delusion. The weekly DOL new unemployment claims show no sign of a surging unemployment. The BLS monthly jobs data shows jobs still being created and unemployment is still low. GDP is growing. Consumer spending, 2/3 of the economy, is still strong. Housing prices and stock markets are still up in most areas. Stocks and Bonds prices maybe down but that is adjusting to higher interest rates. What maybe misleading is that inflation maybe destroying a lot of people, especially low income. But the economy tends to look at the whole forest instead of a few trees. Rates are up and it seems nothing can slow it down.
Does anyone own dollarama (DOL.TO)? They're a Canadian discount retailer expanding both in Canada and Latin America. Great growth story and they seem to be dealing with inflation much better than their American counterparts.
It's consumer spending and lack of saving that's keeping inflation up. If the Fed don't raise rates enough, inflation will prevent people who work for a living from saving money and rents maybe price them out of the market even if unemployment remains low and the baby boomers paying rent can't afford to retire. When rates are too low, the affluent keeps spending, prices keep going up and we have inflation, stocks are over priced and housing is over priced. Many people can't afford to retire. If rates were higher, the people with a lot of money would put money into savings to earn 6.5% interest instead of spending it. Reducing consumer spending would slow the economy a little and reduce inflation faster because consumer spending is about 67% of the economy. The weekly DOL new claims indicate there is no sign of surging unemployment and many indicators show that consumer spending is still not declined significantly. We could easily handle 6.5% and if things slow too fast, the Fed can lower rates.
We help people with employer sponsored plans, and the DOL is up our ass about our recommendations. Basically, they agree with people being in managed accounts instead of TDFs if they aren’t retiring at the normal age, or they have other asset allocations to factor in, or they have an extremely low risk tolerance
Expound upon the DOL agreeing with you guys thing please.
Very false, and if true then yeah you’re getting screwed. I’m in the WM industry and we wouldn’t be here if we used index funds, we actively manage with stocks/bonds and some few funds. The reality is, for complex and high dollar clients, the cost of mismanagement is far greater than the cost of management, and they get the piece of mind that somebody is watching the markets and their account, unlike a passive fund. I’m a fiduciary and tell most people to use passive index funds, but the high net worth folks almost *always* should be in a managed account, and even the DOL agrees for our workplace clients, which says a lot believe me
I did, and I also know about the DOL fiduciary standard applied to all financial advisors. While the Trump administration killed, which ushered in Reg BI, I can assure you many advisors are bound to a fiduciary standard regardless of what definition one wants to flop out. Example? Not in all cases is an advisory account appropriate for a client. For instance, I only put clients in advisory accounts if they are going to be invested in individual securities, UITs, or ETFs. If they choose to go the straight mutual fund route, then it is better to go with a retail account. Now, per the lack of communication, I have clients that are called every month. The rest are called every year, and everyone has a rebalance based on their individual profiles annually. That is how each and every client should be served. I would suggest to the OP to find another FA who can give him what he really needs, service.
Thanks for your comment. Can you explain why a participant isn't impacted by a market value adjustment? Is the plan sponsor supposed to be the one that absorbs the mva if the stable fund has such provisions at termination? I had read this DOL advisory report recently. But the report is generated as the result of events during the gfc in 2009 so it's very old and may not apply any longer . [https://www.dol.gov/agencies/ebsa/about-ebsa/about-us/erisa-advisory-council/2009-stable-value-funds-and-retirement-security-in-the-current-economic-conditions](https://www.dol.gov/agencies/ebsa/about-ebsa/about-us/erisa-advisory-council/2009-stable-value-funds-and-retirement-security-in-the-current-economic-conditions) It's my understanding that there were some changes by the DOL - but I cannot find if any of the changes guarantees a plan participant with their principal in a stable fund - and I'm not as familiar with the various types of stable fund structures. I had also read the following description from the Standard - [https://www.standard.com/brokers-advisors/retirement/in-the-loop/2-scenarios-help-clients-understand-mva-options](https://www.standard.com/brokers-advisors/retirement/in-the-loop/2-scenarios-help-clients-understand-mva-options) I interpret the blog article that the choice of how the mva is handled as a decision by the plan sponsor. But because of the Bed,Bath,Beyond bankruptcy - and presumably because no action was taken, the mva was not paid as part of the Bed,Bath,Beyond wind-down process so it flowed to the participants instead.
Yes but you're spoiled by the top-performing dollar store monstrosity that is Dollarama ($DOL).