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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.
  • M* mucked up with numbers today, end-of-day.
    Your FLPSX ($40.21) and other Fidelity funds' marks were updated at Schwab prior to 7PM EST.
    Speculation or did you check Fidelity's prices at Schwab prior to 7PM EST last night? When I looked at Schwab's price for FLPSX shortly after making my post, I saw a stale price.
    For the record, I do not own FLPSX. I picked it simply because it is a well known Fidelity fund and the only funds I saw at M* that had stale prices at 11PM were Fidelity funds.
    In my first post in this thread [this. thread?], I had originally included that on many days Fidelity website does not update marks in time ... I certainly am trying to avoid posting negative information about businesses or other matters
    Try harder :-)
  • JAAA price action
    In one of my accounts, I had JAAA I forgot about. I noticed it on Thursday and immediately placed a GTC sell order with a limit price to get my original cost back. It triggered today close to 4PM EST. I am surprised by its price action today with a high-low difference of 17 cents.
  • Asian Markets: Stocks Sink as Trump’s Tariff Threats Weigh on Confidence

    american unreliability in both trade and security forces new trade alliances (japan, SK, china) that may counter trump tariffs as a group :
    "...ongoing ‘global war on trade’ (GWOT), an acronym bearing a remarkable similarity to the notorious ‘Global War on Terror’ (GWOT), is not merely a policy. For countries affected by it, including close US allies like Japan, it presents a geopolitical shift."
    https://www.asiasentinel.com/p/asia-respond-washington-global-war-trade
    this is on top of 1-on-1 negotiations where friendlys already have a brainpower edge (e.g., carney vs trump).
    wait, putin too. and the EU. ok, everyone.
  • M* mucked up with numbers today, end-of-day.
    @msf,
    In my first post in this thread, I had originally included that on many days Fidelity website does not update marks in time and I end up using my Schwab account to look up Fidelity funds' marks. I edited that part out to avoid coming across as too much information (or tainting @crash's post as a complaining session).
    Your FLPSX ($40.21) and other Fidelity funds' marks were updated at Schwab prior to 7PM EST.
    In any case, I did not read @crash's post as complaining or ragging on M*. I read it as him trying to be helpful so members do not assume they are looking at final marks for the day.
    P.S.: I think people should feel free to complain about companies they do business with and let other members figure out the person posting. I certainly am trying to avoid posting negative information about businesses or other matters to avoid offending someone else because everyone has their favorites (for whatever reason) and I am getting too old trying to be helpful.
  • Tariffs
    @Observant1 , I saw those interviews on PBS tonight. Thank you for the link and the excerpts - if only to make it easier to find them again. The presentations are so clear it's a wonder any investor (even a bond trader, ahem) would want to stifle this reality.
  • M* mucked up with numbers today, end-of-day.
    Just a warning. If you use Portf. Mgr, don't trust it. Check the ACTUAL numbers at your brokerage's website.
    While people love to rag on M*, often it's not the one at fault. Tonight, upon checking the ACTUAL numbers at my brokerage's (Fidelity's) website, I'm finding that Fidelity is to blame.
    For example, as of 11PM Fidelity shows FLPSX having an NAV of $40.31 (as of 3/28/25). M* matches this, showing an NAV of $40.31 (as of Saturday, 3/29/25).
  • M* mucked up with numbers today, end-of-day.
    This is something that started recently at Yahoo Finance on PC (free). The full list is not displayed initially, but if I continue to scroll, more rows are added in groups. I don't see what's the point of this, but it could be that Yahoo Finance may soon transition of paginations 1,2, 3, ......
  • M* mucked up with numbers today, end-of-day.
    I need help with Yahoo Finance (no premium subscription) on my desktop.
    I use Yahoo Finance App on my ipad and it works beautifully. But the watch list portfolio displays only about 30 holdings on my desktop Yahoo Finance when the portfolio has more than 100 holdings. What can i do for the desktop to work as well as the App on the iPad?
    May be @yogibearbull has the answer.
  • Tariffs
    Today's PBS News Hour episode includes a segment about tariffs and their impact on manufacturing.
    University of London trade economist Ha-Joon Chang
    "It is going to take a lot of time, and you don't have that time. You have run down the industrial base over the last four decades. It cannot be built up in two years or whatever tariff policies that you have. In the meantime, things will be very expensive, especially if you are putting tariffs on the main trading partners like Mexico and Canada.
    And can people tolerate any more inflation?"

    Harvard Business School, Professor Willy Shih
    "Let's say you wanted offshore production from the U.S. to China. You had to set up a new factory. You had to hire the work force. You had to train the work force. You had to bring in suppliers. You had to set up your logistics. And what paid for that was, you got lower cost of product."
    "That's going from a high-cost country to a low-cost country. Now, if you want to bring stuff from a low-cost country to a high-cost country, and you have to set up a factory and you have to hire the work force, and you have to train the work force and bring in your suppliers, what's going to pay for it? Your product cost is going to be higher."

    Robert Zoellick, U.S. trade representative under George W. Bush, economic adviser under Bush I
    "So, the problem with Trump's approach is, it combines incoherence and protectionism. And you have to look at both parts. So the protectionism will add costs. And then you also have the retaliation."
    "We tried this in the 1930s. We raised tariffs to an average of 59 percent, and other people hit back. We had a trade surplus, but we also had unemployment at 25 percent. So it's a policy that reverses 70 years of America's international economic leadership."
    https://www.pbs.org/newshour/show/examining-trumps-claims-that-tariffs-will-revitalize-american-manufacturing
  • Tariffs
    Excerpts from today's WSJ Market Talk:
    "President Trump’s plans to impose 25% tariffs on imported vehicles will hike the average price of cars by as little as $5,000 and as much as $10,000 to $15,000, Wedbush analysts say in a research note. The analysts say the tariffs will wreak havoc on auto supply chains, since even automakers that make cars in the U.S. source around half of their parts from abroad. That means it will take around three years to move 10% of the auto supply chain to the U.S., costing hundreds of billions that will be passed directly to the consumer and push down demand, the analysts say."
    "European equity prices have not fully priced in the risk of tariffs escalation and they therefore risk falling further, UBS strategists say in a note. Stocks in sectors likely to be impacted by tariffs could decline by a further 10% as earnings outlooks are revised lower, the strategists say. 'A lot of this will depend on the price elasticity of demand given the most sensitive stocks tend to be in areas with lower competition.' These include pharmaceuticals and higher-end consumer sectors such as luxury and high-end vehicles, UBS says."
  • This Investing Trend Is Your Friend—Until It Isn’t
    Translation: Piss off, BS1000, you self-centered jackass.
  • This Investing Trend Is Your Friend—Until It Isn’t
    "I never used momentum indexes; I only used typical funds but looked at the best risk/reward ones and kept changing according to uptrends, and several parameters."
    @FD1000,
    This may be surprising but the article isn't about you or your "system."
    It's about momentum investing in general.
    You posted messages very similar to the one from 9:40 PM many times.
    There is no need to post the same messages ad nauseum.
    Thank you for your consideration!
  • Tariffs
    Why did you start another tariff thread on an investment forum?
    This belongs in the Off Topic one. It's obviously a political one.
    Can you show me the high correlation between this article and our portfolios?
    Your "political" card has been used up. This is our new reality.
    And if you don't like it, too damn bad.
  • This Investing Trend Is Your Friend—Until It Isn’t
    I never used momentum indexes; I only used typical funds but looked at the best risk/reward ones and kept changing according to uptrends, and several parameters.
    How to do that? It's the $64K. I developed my system for years, just as I developed my timing one for retirement. None is mechanical. See (link).
    I have posted for over 15 years on several boards, and I can say that there are maybe 5-7 people who do it well. The rest don't believe it, don't want to put in the effort, or don't care.
  • Tariffs
    Why did you start another tariff thread on an investment forum?
    This belongs in the Off Topic one.
    @FD1000,
    As stated in the OP, the thread was created to discuss how tariffs may impact investing or the economy.
    It is perfectly acceptable to include this thread in the Other Investing
    forum so long as overt political commentary is avoided.
    Tariffs will have economic repercussions regardless if some individuals refuse to acknowledge this fact.
  • This Investing Trend Is Your Friend—Until It Isn’t
    "If momo doesn't work, how come US LC were great during 1995-2000 + 2010-2024
    while Value, SC, and international were better during 2000-10."

    The author does state that an S&P momentum index beat the S&P 500 and a basket of value stocks.
    He also suggests that it may not be the optimal time to use a momentum strategy
    due to near-term economic headwinds. I don't know whether this suggestion will be proven correct.
  • This Investing Trend Is Your Friend—Until It Isn’t
    ""Momentum makes less sense to a thoughtful, long-term investor."
    MMM...this investor has been using momo successfully since 2000 because it works if you know how to do that, and it's not that easy.
    The other choice is to have some diversification LT with minimal trades, which is pretty good for most.
    Something that is not easy doesn't mean it's undoable. You must have a system that works and keep tweaking it. It doesn't mean it's perfect; just better is enough to get better results.
    If I had stocks, I would have a higher % in Value, Europe, China, and gold.
    If momo doesn't work, how come US LC were great during 1995-2000 + 2010-2024 while Value, SC, and international were better during 2000-10. Each one lasted for years.
    Generally, when US LC do well, it's difficult to beat them per risk-adjusted performance. When they are not, it takes more effort to find other categories and I would advise being more diversified.
    Investors who don't believe it, don't practice it, and don't trade it can't be good traders.
  • Liberation Day! What’s the play?
    Hmmm...seems like we may need a refresher on the definition and history of stagflation (said the retired, anal bean counter).
    https://www.investopedia.com/terms/s/stagflation.asp
    Excerpt (BOLD added):
    Key Takeaways
    Stagflation is the simultaneous appearance in an economy of slow growth, high unemployment, and rising prices.
    [My 2 pennies on each of the three components are in a prior post here]
    Once thought by economists to be impossible, stagflation has occurred repeatedly in the developed world since the 1970s.
    Policy solutions for slow growth tend to worsen inflation, and vice versa. That makes stagflation hard to fight.
    [And why, as noted in a prior linked article, the Fed hates it!]
  • Liberation Day! What’s the play?
    Stagflation refers to a scenario with a stagnant economy and high inflation.
    It is rare for both conditions to occur simultaneously.
    The best known example of stagflation in the U.S. is probably the 1970's oil crisis.
    Stagflation is not my "base case" but that doesn't mean it can't rear it's ugly head.