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.
smart piece
"I know that [grandma] would have scoffed at one of the unanticipated consequences of the Trump presidency. I am referring to the endless self-flagellation among well-educated liberals — “the elites,” in pejorative parlance — about thei…
>> arguments about the evils of capitalism make it sound like eldercare should be free.
Man, if this is for me, you are one weak reader.
As for ACA, yes, will and has.
Cites I have given in the past and recently from GS, PIIE, ML, and maybe one other have regularly indicated that CAPE is (and has been shown to be) on the conservative side, I believe.
Kling once wrote that ARRA (2009 stimulus) was “destroying my daughters’ future. It is like sitting there watching my house ransacked by a gang of thugs....”
reducing competitiveness, and acting as if steel and aluminum were 'final goods'
https://www.nytimes.com/2018/03/10/opinion/trumps-negative-protection-racket-wonkish.html
again thanks
I chose PDI not only because I have long owned it (enjoyably) but also because I wanted the most aggressive / successful noncrazy bond entity I could find, and DFLEX would have been waay farther from the bond component of DSEEX, it see…
>> So DSEEX may not resemble balanced funds so much as equity funds with "a little extra"
Yes, this not-really-like-hybrid take is the nut I return to, and always underlies my original bond queries. To return, empirically, to performance: si…
@msf
>> investing in DSEEX would give similar diversification to a vanilla hybrid fund that had a roughly 50/50 stock/bond mix. The difference is one of magnitude of performance (i.e. getting hammered harder).
I now see where you get this …
Right, tnx; I was misunderstanding (misreading) "2x" as something more than, or at least other than, double-whammy.
So are you thinking that double-drop would mean necessarily greater DSEEX hammering than OAKBX / FPACX / DODBX / PRWCX? I am over ha…
>> Should both equity and bond markets drop, this 2x exposure can hammer the fund.
Do you think that the reason this has not happened in its lifetime (meaning it tracks SP500 except for the mostly steady outperformance) is that the two market…
not a bad line
In working with them and being the parent of two, I have found many of the generalizations true except for the lazy part, though I am sure many are. But otherwise my God do they work hard. Also, often, work smart.
>> how about a market where rates gradually drift higher (lower bond prices)?
Like most I have assumed this would mean trouble for bond fund performance, and generally I am skeptical of 'this time it's different'. But the fed fund rate has t…
CAPE cannot be traded at ML and maybe not at some other brokers, not sure, which irks me.
Fwiw, DSEEX / DSENX profile is interesting to compare w/ say TWEIX (MFO Premium), and they have the same UI....
the ultra-fancy version of this is not loading right today, but here is some text of interest even when whiny:
http://webcache.googleusercontent.com/search?q=cache:waRF3s9PmhkJ:highline.huffingtonpost.com/articles/en/poor-millennials&num=1&…
@Maurice
>> suggest you scroll up to the top of the page where davidmoran posted. Read the contents of the link, and see if you can find the word "opinion". It seems you and the NY Times disagree.
Huh? The link says opinion, and the standin…
@bartab,
Oh, I would gladly blame "President" Pinocchio for exacerbating as strongly and crudely as possible your feelings of being condescended to. How do you think he got elected? One of his chief legacies will be that he chumped and ginned y'al…
Reduced activity aside, the chief thing about aging is that your burn rate is so much lower and decreasing, so while we should be eating and drinking less, some of us don't find appetites declining much at all.
This Republic of Suffering has econ in it as well as deep digging and analysis into the trauma history, macro and micro, from which we have yet to recover and which we actually inflame with regularity and predictability.
@bartab
>> Moran, your image is wrong. I get one glass of wine a month. Interferes with transplant meds.
Ah, thanks, so your handle is a petit joke. Got it. Maybe consider changing either it or your wheezing bar-ranting tone? Talk about hos…
Some friends working locally (Boston area), including my kids, have had 401ks w Vanguard and hate hate hate their c/s and sometimes the choices, and are much happier and relieved when they switch jobs and Fido is the provider.
I so like the image behind bartab's handle, some fool geezer ranting at the rail.
This is good summary:
PKrug NYTimes:
... since Trump’s announcement, he’s tweeted out one falsehood after another. ... He has, for example, declared that we have lar…
It's the whole shtick about the undeserving poor and how they mooch from all of us deserving taxpayers, blah blah. Would be nice if the hostility went toward the undeserving rich.
not I ---
by history I meant only Trump's own prior idiot kneejerk base-pandering "policies", such as they are
no, I myself am sitting tight w DSEEX plus some other equity funds and spec crap equities at the edges, and PONDX plus some gogo bond e…
