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.
Maurice,
What a dilemma!
I like coffee but I tried Dunkin Donuts' coffee once when on the road and
it tasted like dishwater... only worse.
Can't speak for their new Bold Roast coffee, but I'm guessing
it tastes like Tijuana street runoff.
Sorry I'm late to this discussion but here goes...
In my 20’s, I didn’t have a clue about saving or investing.
However, I was earning decent money and had a fat
checking account because I didn’t buy expensive cars
or luxury items.
Exposure to i…
slick,
"Doubled down on SPX when it dropped almost 10% on wednesday..."
What?
S&P 500 index didn't drop almost 10% on Wednesday.
"Was waiting for a big drop to pick up a bit more."
How about today? How big a drop are you waiting for?
MikeM
"Why is it any different in your later years than in your younger years
if you have the appropriate risk-reward allocation?"
What is 'the appropriate risk-reward allocation' ?
What is 'later years'?
And, are you familiar with the Sequence o…
"...forget that you have an account."
Is this good advice?
They might as well add, "Just keep your hands off
your money so we can continue to suck our fees from your account."
So, is this good advice for someone in their late 40's or 50's?
Is it …
bee,
I've discussed several moving average strategies in the past.
The simplest strategy for the long term investor was researched
and posted by Charles.
http://www.mutualfundobserver.com/2013/06/timing-method-performance-over-ten-decades/
I've…
A simple three-fund portfolio. What a concept!
Why didn’t I think of that?
Oh, that’s right, I did.
I’ve been suggesting that for maybe the past 15 years
to my investment classes.
And I posted such a plan on this venue a couple of years ago.
I gu…
Bitzer and JohnChisum,
Well, it appears that the article was a success... for you, it reaffirmed
the putative Wall Street advice.
Personally, I like rjb112's response.
bee,
Presently I'm not anticipating a large downturn.
But here's my concern about posting this sort of information - a good number
of the traditional conservative, diversified, long-tern investors here
have gotten their panties in a bunch when I'v…
It goes both ways.
In the spring of 1999, I was posting – on the Silicon Investor board - that I was prepared for a market crash.
I was verbally trashed as a crank and doomsayer.
I estimated, but did not predict, that it would happen in the fall of…
VintageFreak,
“I read such articles, keep diversified portfolio, sell if market drops
10 percent, then buy back if market crosses previous high.”
What?
Using SPY (the ETF for the S&P 500 Index).
The high in late 2007 was 155.75.
It dropped &…
Guido,
To give you the quick answer - yes 100% equities would have performed better
than a portfolio that held bonds.
As an example using some Index Exchange Traded Funds -
Since its inception (Sept. 29, 2003) AGG has returned 4.38%
During this sa…
Junkster -
Thanks for your response.
Please, just a moment of your time – then I’ll drop this conversation.
Mr. Larry Williams is a TRADER.
He SELLS investment courses, a newsletter and books.
In my opinion, all of the people who are trying to se…
Howdy, MJG
Yes, I’m still breathing well, thank you very much, and I’m glad to
hear that you’re doing the same.
“So I have moved-on; apparently you did not. You have nursed this
sour milk for a long time. You should have expressed your displeasu…
Dear MJG,
Boohoo.
That’s how I feel about your character assassination plight.
The phrase “the shoe is on the other foot” comes to mind.
Now is when I wish I had kept your responses to many of my posts.
You know, such as when you insinuated that …
Back in the day (late ‘90s), Joe was my man.
The very mention of a tech stock from his lips was enough
for me to buy it immediately – the very next minute.
Ten to fifteen minutes later I sold it for a nice profit.
Of course, you didn’t dare hold th…
Scott,
This is pure speculation.
Generally, institutions cannot buy stocks priced under $10... that includes MFs.
When and if the price exceeds $10, it will become clear (volume-wise)
if the institutions are truly interested in the stock.
bnath001,
The first question to ask is – WHY is there such low volume?
The usual – and most often correct - answer is that nobody
wants this stock, not even the little traders.
The next question – how much money am I willing
to lose on the gambl…
President Obama (as a reported Constitutional teacher)
knows full well that the Government CANNOT default
on its obligations.
The Fourteenth Amendment, Section 4, states:
The validity of the public debt of the United States, authorized by law,
i…
Reply to @tgeno:
Sounds like you’ll be arriving in Boulder in time to settle in
before the snow flies.
Buy plenty of warm clothes.
You’ll be next to Colorado University and a stone’s throw from
the Rockies. The town is extremely liberal and if t…
Kaspa,
“Have you tried applying this to strategy to a balanced fund (or even a 60:40 mix)?”
Sorry, I don’t know if you’re asking Charles or me, but here goes…
I don’t own any mutual funds. If I did, I’d look at a performance comparison
to whatev…
Reply to @VintageFreak:
Just a quick note -
After a couple of years of research in the mid to late 80s, I arrived at the
10-month and 200-day moving averages as a simple mechanical buy/sell
device merely to protect my LT capital from a major ma…
Reply to @davidrmoran:
I’m sorry to hear about your forced retirement. We all desire to have some
control over such matters.
I’m comfortable with MJG’s reply and don’t wish to get into another
prolonged exchange with him. He is indeed a very b…
davidrmoran,
It's like asking what they do if the asteroid strikes near Michigan. What's the point
of the question?
Here's your asteroid.
You say “…there is nothing to be done (except buy) other than to hang on.”
Do you understand the Sequence …
MJG,
How in the world did you get “sarcasm”, “unwarranted”, “misrepresented”,
“unhealthy”, “childlike”, “touch of envy”, and finally, “hate tone” from my simple post?
You forgot to call me an acrimonious misanthrope.
I’m not challenging you. Why …
In 2005, PBS presented Kiyosaki with the "Excellence in Education" Award
at the Los Angeles convention center "...to the applause of 15,00 people...".
Evidently, PBS believes that anyone with a good story is an educator.
MJG,
You said -
“I always learn when James Stack, the head-man at Investech Research, from Whitefish, Montana takes center stage. His research is almost as probative as that of Ned Davis. The sheer number of market direction parameters that he ama…
Bee,
Yes, you’re making sense.
Margin is what pros use – and amateurs who know what they’re doing -
to optimize their buying power.
Anyone can open a self-directed marginable brokerage account
with the required minimum initial amount of cash. Each…
I may be the only professional artist and graphic designer (retired)
on this board - twenty-five years in the advertising business, art director,
creative director, broadcast director, and graphic design instructor.
While I might tweak this logo …
Dear MJG,
I watch the market, not the news.
Or as Simon and Garfunkel sang -
“Ohh, I can gather all the news I need on the weather report”
And Rolf Dobelli recently said, “The more “news factoids” you digest, the less
of the big picture you wil…
Reply to @Old_Joe:
I know you were kidding... I could tell by the tone of your voice.
It's just that I can't abide the name calling as if we're children on a playground.
Hey, have a good day.
Reply to @DlphcOracl:
Oh yeah, it’s those intolerant right wing, pro-business, “wacko”,
“nutcases” that drive you crazy.
Evidently your liberal tolerance doesn’t extend as far as listening to an
opinion that may rub your political biases the wr…
Thanks guys.
The futures were up overnight but are now coming back down.
The bulls will want to hold the S&P 500 above the 50-day simple
moving average to close out the week.
But lately the bulls have been grazing on Fridays.
The number of S&a…
Charles,
Nice chart. I see that you're getting into this volume thing.
Can you go another step and say what the average volume was on
up days and the average volume on down days over this same period...
and then perhaps more interesting yet, sinc…
Charles,
First, it's me having had to rejoin under a slightly different user name.
It's taken several days of trying to log back on the site.
Your chart is very interesting. I wish I knew how to do this stuff.
Why did you select the 200-day SMA o…
