What are you talking about? Those index fund are constantly rebalancing. This is why you buy an index fund, so you don’t have to constantly rebalance your portfolio.
I’m mostly kidding, but not entirely. The point is that they work (only?) when there are no cultural/religious/tribal implications and are merely for administrative purposes. It’s really the reason why the borders on the east coast of the USA are so messy compared to those past the Mississippi.
I don't think it is really about straight lines, most borders are probably where they are due to some circumstances involving lots of violence. It's just that straight lines are a modern concept, so the related violence is more present in our minds.
Yea, but just as an example, determining that the Rhine forms the border between Germany and France probably goes back to Roman times, and probably also involved a lot of genocide.
Also, the $10K threshold for additional AML scrutiny has been the same amount for nearly 50 years. It should be close to $50k in today's dollars due to inflation.
I have sent multiple international wires over the years and money always goes missing either from the sending/receiving fees, or the intermediary bank in New York takes a small cut.
Maybe if you have an account with billions of $$$ then you get a special deal, but us normies have to pay.
reply