Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
@MikeM - Why would they? I was (incorrectly) equating umbrella coverage to homeowners or auto collision coverage. In those cases an insurer won’t insure what you can’t substantiate you own.
I sense from the responses that medical insurance is per…
Quick question - Do umbrella policy underwriters require you to account for your net-worth and, more specifically, your financial holdings, when applying for coverage? A lot of it is probably public record and easily verifiable (like home, auto…
Win some … Lose some.
CCOR is now back on M*’s U.S. platform. However, I sold the fund last week after using it as a small hedge position briefly. Still - nice to see they finally got it right.
I do understand @BaluBalu’s point that the fund is lagging peers this year. And, like him, I try to stay broadly diversified across asset classes. Still, that +3.63% YTD would translate into something close to a 10-11% annual return if it contin…
Thanks for the excerpt @bee. There’s some mention of banks in the latest edition of the Wall Street Week thread @Crash maintains. The second guest (after Larry Summers) who manages among other things private credit speaks of banks today as a bro…
ISTM @Ted used to play the derby?
All I’m doing is losing about $2 nightly wagering on whatever MLB game ESPN decides to show. Much harder betting on baseball than NBA games. I’ve managed to turn a $41 balance at DraftKings into $24 in a week!
When I converted my employer 403-B with TRP after retiring in the late 90s they tagged it as a “rollover IRA”. Yet, when I moved that “rollover IRA” to other fund houses, they did not designate it as such - just as an “IRA”. So, ISTM that in my ins…
@hank - I concur, there really wasn't much useful content in the article. The comments almost always provide a better understanding/education.
Thanks for the heads-up @Mark. As a recent convert from the old Kindle format, I’m not yet fully accustom…
Glanced at Mark’s linked article. Didn’t take away much. But that’s Barron’s for you. Good at highlighting a number of different investment approaches and those who practice them to the point you get the sense you should buy one thing one week, se…
That's another trick … Have you looked at ETFs of CEFs?
Yes, there anre some ETFs of CEF’s .
CCEF appears to be quite risk averse. If I had to recommend one, that would be it - just based on my experience in two other Calimos funds. But it is …
A Basic Guide To Financial Derivatives
Interesting line: ”Most derivatives are margin-powered, meaning you may be able to enter into them putting up relatively little of your own money. This is helpful when you’re trying to spread money out acr…
I have some sense of what @Mark owns from having read his posts a long time. I’d say he’s doing very well. Well ahead of the gang game. :)
Who was it said, “Modesty is a virtue …” ?
The way the markets have been behaving lately, I’d hate to predict how the day ends. But everything looks hot at the moment - including bonds as rates fall. Gold isn’t doing much. Hanging around $2300. Consolidating I think.
So the drop in inte…
Apparently “managers” refers to the fund company and not an individual person. Caught this when I looked to see who is managing DODGX (team managed I believe). If you can forgive D&C for a horrible ‘08 they are great.
I don’t know if these ar…
@Anna Thank you. I think I misread your earlier post. Old Joe is right about maybe needing glasses. But I got a good laugh out of your response! :)
Talk about cruel and unusual punishment how would you like to share a cell with that whiny sumbitc…
Whipsaw market today for sure.
Put a couple OEF buy / sell orders in around 3:00. Cancelled them about 3:30 when it looked like market was headed for the moon (Dow up 400+). Kinda sorry I pulled them. A lot of things did not move much today. 40…
+1
TRP’s might read, “We’ll transfer your funds, but our check may bounce.” :)
I’ve run into account closure fees at different fund houses before. $100 is exorbitant. But recent inflation distorts our perceptions. Looked at new cars lately?
Good timing. Sold CEFS & bought FOF yesterday in my core account. Head swimming from all the recent reading. Not easy creatures to fathom or to value. And, I’m not particularly optimistic about the new acquisition. But it does serve purp…
Sold all my hedges.The near 2% weighting went into cash. Might put some to work late in day depending on course of markets. LCORX (already own) is one candidate - off quite a bit from its high. Hedges sold included SJB, CCOR, NSRGY. The last o…
I’m thinking Powell will do his best to cheer the markets on tomorrow. (But don’t lay any money on that.)
Lots of carnage in the precious metals today. Not a lot of places to hide.
Just a heads-up … GDX (gold miners index) is down near 4% on the day. Gold is off $50 to just above $2300 after peaking over $2400 2 weeks ago. Is it a good buy? I don’t know. If I had some spare cash lying around, I’d take a small position (b…
Yogi said ”Forget M* customer service …” :)
Thanks Yogi. I sent-off the email inquiry re CCOR ([email protected]) yesterday more or less as a courtesy to them, thinking they’d want to fix whatever glitch is keeping it from pulling up. They ha…
Beginning to think subscribing for a year was a mistake. M* has been bombarding my email with solicitations for costly “upgrades” beyond the Investor service I paid for. Not only that, but Seeking Alpha, which I have never used has begun sending …
Nice of you OJ. All true. But this esteemed forum demands accuracy. I just “blew it”, probably thinking I knew more than I really do. But it’s a great thread you’ve got going here.
As nasty as all these “near-misses” today are, it’s a hell of a…
Looks like PIMIX has done a little better longer term than the previous post reveals. (+7.68% over 15 years). Let’s remember how dastardly low interest rates were over most of the past decade. That said, for a fund that’s invested about 35% in su…
@hank, if you are subscribe to Apple News, many (but not all) WSJ articles are available. Just type in the title for the search. I think Mark is spot on that investors are rotating to value stocks after the big run up.
@Sven. I actually subscri…
if this hasn't already been posted here, well, it ought to tell you a lot about boing in the modern age, none of it good
https://prospect.org/infrastructure/transportation/2024-03-28-suicide-mission-boeing/
I hate to tell you, but that is not a Boe…
@Mark. Sorry you couldn’t pull up the article. Didn’t miss much IMHO. It goes over the reasons others cite here - especially the fund’s concentration in 7 or 8 big holdings.
Later on states: ”By the end of last year, ARK funds had destroyed more w…
FZROX is a total STOCK market fund with zero ER. Fido makes money from securities lending and lower index fees from a former subsidiary. Despite its ticker, it isn't related to Treasury Zeros.
I stand corrected. Thanks again Yogi.
Check out Fido's Bonds/Treasury section.
Thanks again. Better idea. FZROX would be subject (to some sort of) 30 day in-house OEF rule at Fido that restricts buying & selling. With these things it would be safer to have an ejection button nearb…
Thanks Yogi. Good suggestion. I misread your answer briefly (thinking you meant CD ladder).
Not something I’d get very extravagant using. Just one simple 2 or 3 year zero (probably as a short term speculative hedge) would be enough.
With your h…
Yes @msf / Your answer is confirmed by AC ‘s prospectus …
”Although the fund’s investment policies are designed to provide an investment that is similar to investing in a zero-coupon U.S. Treasury security that matures in the year 2025, a precise f…
humm … interesting I’ll look at BOXX. Thanks Yogi.
What I’ve been mulling over in recent days is something similar to a zero-coupon, but maybe just out 2, 3, 4 years. (Zeros are crazy volatile as I think everyone knows.) Might be a good hedge / h…
