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.
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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
krug tonight
You may have heard that Venezuela has the world’s largest oil reserves — 300 billion barrels. You probably don’t know that Venezuela’s reported oil reserves tripled while Hugo Chavez was president. This increase, from roughly 100 billi…
Krugman today
// I’m not going to talk today about how we got here and strategies for getting out. All I want to do right now is to say that we should be clear about what is happening. American fascism is on the march, and anyone who balks at sayi…
Krug today:
Given Trump’s belief that he can always outdeal, outbully and outcheat everyone else, it’s easy to see how he interpreted some conciliatory conversations with Rodriguez as a signal that she would be his obedient puppet.
Trump’s self-im…
always so much Auden
Defenceless under the night
Our world in stupor lies;
Yet, dotted everywhere,
Ironic points of light
Flash out wherever the Just
Exchange their messages:
May I, composed like them
Of Eros and of dust,
Beleaguered by the same
N…
Statistics show that the S&P 500 has been positive in over 80% of the years since 1980. Despite this, most, or even all so called “experts” have been wrong repeatedly (see link). The takeaway is simple: being consistently bearish is a losing str…
now you've gone completely to straw and off-point and all falsehoody
some engineer you must be
Trump's execution actually is about half-occult
the Dems are the same centrists they have been for 90 years, including long stretches when the GOP we…
nice wrap (kswearingen salon-medium)
'Lifelong conman, conjurer of distractions, juggler of multiple grifts at a time, Trump is himself the hoax he so often speaks of. He was a hocus-pocus real-estate developer, using the public dole, [whom] actual…
Great explanation below. As expected DDD=deny diminish downplay everything.
https://www.cnbc.com/video/2025/12/23/treasury-official-joe-lavorgna-talks-robust-q3-gdp-numbers.html
Who can trust one of the most biased economists, Krugman.
https://…
maybe wrong, but maybe not wrong
https://paulkrugman.substack.com/p/an-a-economy-my-a
https://paulkrugman.substack.com/p/lies-damned-lies-and-trump-speeches
https://paulkrugman.substack.com/p/a-new-k-in-america
I don't know how many years ago I decided to exchange my large (for me) positions in Contra and Ponax (too big, too risky, too something else) for more-conservative ETFs. Sigh.
I was on vacation.
That’s where you should have stayed.
We were better off without you.
I can confirm that this information is 100% accurate.
Some have to stay and complain constantly, no matter what and be blind when their party brought us the wo…
Bach 'English' suite 2, RLevin
Before that, the Airplane's Two Heads:
'No one will know you've gutted your mind
But what will you do with your bloody hands?'
(Grace Slick)
Kids feel more despair now than we did then, also comparative indifference with no draft. My take. It's (generally) kids' parents and grandparents who gather and march, and we know that music today and the kids' concerns are no longer the point. Har…
PKrugman today:
'... hostility to Europe is a central theme of the Trump administration’s recently released National Security Strategy. The main driver of that hostility appears to be MAGA fury at the nations of Europe for being excessively protect…
this ban sure seems nuts to me also
LS has made some ginormous dumbass mistakes, although (e.g.) anyone who thinks his talk querying possible gender-related intellectual differences really needs to read it and the exchanges afterward in all of the…
In 1967 I read Pauline Kael's NewYorker review of the great In the Heat of the Night and noted her comment (not quoting exactly) that one problem w West Coasts liberal filmmakers was this automatic 'Hate the South' penchant. Being an overeducated Ea…
It is just astoundingly complex, back and forth, literally multifarious, reminding me of the Vietnam years, to some degree. The screwing-over of the Natives is more astonishing and disheartening than ever. What a freaking mess.
@sma3. Good info....but.
As usual, you need to know what you are doing.
Original is great in most places.
Advantage choices are great in big cities with many options.
I would never go for HMO.
If I lived in a smaller town and/or not many choices, Or…
Sure, we would all think it goes without saying, and who does not want to turn down the temp ... EXCEPT our country have now killed well over 80 individuals completely extrajudicially. No process of any sort. All because of our illegal notions of gu…
OP article explains AMT taxes. Another tax avoidance tactic is explained in this additional NYT article (see below) focuses on how (Limited Partnerships) help individuals avoid taxes.
Biden and Dr Oz chose this route recently:
Before he became pres…
@msf, I think your musings must be accurate and the very case for these funds. Tyvm!
Only somewhat off-topic:
Fidelity hired me maybe 20y ago to write/rewrite, bundle, simplify and clarify retail bond mfund materials. Reduce their number too. Dra…
Yes, you mentioned short stuff re FXAIX, I believe. I did not infer it was unavailable, not at all. But why do you think A's strategy statement is as it is, compared w FDFIX. Why does A not have the last sentence that D has? Something lawyerly? And …
I have received shorting fees from Fidelity for decades depending on the fund or stock, so I think I understand that process.
D’s zero ER leads to another instance of the question Why does it not then outperform and become another clear winner in a…
Great stuff.
To review:
I asserted FXAIX was (simply) the best of the (plain-vanilla) SP500 indices.
Let us take your 5y as the period of merit. Here is $10k growth w reinvesting:
USPRX - $12,098.17. Loser. Oi. Quite aside from the yuge min.
…
