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sma3

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sma3
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  • while AUM are up customer service etc is in the toilet .I think he was pushed out
  • GRID is great!.... 20% Utilities. Tracks an opaque index NASDAQ OMX Clean Edge Smart Grid Infrastructure QGRD, which has beaten global equities recently https://cleanedge.com/data-dive-charts/Smart-Grid-Infrastructure-vs-Nasdaq-Global-0 NLR "…
  • We cashed 3 paper $10,000 Bonds after my mother died. The bank required all three of us to sit in front of an officer fill out pages of junk notarize it all etc. It took over an hour. What a pain.
  • Yes it appears that the utilities in less regulated states with higher growth rates are also at the highest fire risk. You need a pretty accurate and detailed map to sort this out. Maybe New Mexico? I remember seeing a lot of pine trees at highe…
  • For those of you with a greater risk tolerance than I, this is worth looking at. While I dislike Munchin's politics immensely and think is wife is a disguising, ethically challenged jerk, he did turn around IndyMac. Of course one of the ways he d…
  • I am always intrigued by the reported success of AAII "Shadow Stock" portfolio which specifically targets stocks under market caps of $300 million, which AAII claims are "better" stocks for individual investors to own. They sell when the market ca…
  • A Boeing plane just ran off the runway in Houston and another one had an engine fire earlier in the week
  • Sold some of daughter's AMZN and APPL ( they were up to 20% of her accounts) and bought COWZ and Smead Value. Put her new Roth IRA $ into SFGIX and MOWN
  • I agree about SCHD A great fund and very cheap ER I doubt there are any cockroaches in it!
  • Munchin did such a great job as Sec Treasury too! Can't wait to see how this turns out. But if I remember correctly, he has a lot of household expenses to pay for
  • I owned it for 10 years or but finally sold it in 2017 when it had sorta done little. It looks like PVFIX has put up better results since I sold it ( of course!) and gained 24% last year while 50% in cash. Not bad
  • It will all depend on when the Fed cuts rates, ie if interest rates trend higher as the economy holds up Who knows? A good rule of thumb is to try to match the yield to the duration. Currently anything out past 5 years could be a problem. Long ter…
  • In taxable accounts at least, without rebalancing your gains in successful positions can become so high that it is psychologically almost impossible to sell. With a fund or ETF you have some automatic rebalancing (unless you own Barons Partners 50…
  • The folks at PVCMX explained this all to me in some detail when they opened up. The fees and restrictions are different for each platform, but are expensive. Small funds have to start somewhere so they usually pick the place that charges them the l…
  • You Gotta buy this book https://www.nytimes.com/2024/02/25/books/review/burn-book-kara-swisher.html?searchResultPosition=7
  • In all our accounts, ie retirement and non retirement about 31% stocks, mostly US YTD up 1.5% with almost all gains of course in Large Caps. Rotation to my Energy, International etc has stalled out
  • There is a lot of chatter and even some well reasoned thinking that health care may do well this year. In particular medical device companies and pharmaceuticals supposedly may play "Catch up" as people get surgeries they postponed during covid. B…
    in Healthcare Comment by sma3 March 1
  • Dipped my toe into China. Just a little bit. India is getting all the attention but seems pretty expensive, and when 40% of investors in a survey believe China is "uninvestable" sentiment seems like it can hardly get worse. Sentiment is so negativ…
  • @BalauBalu What does your D/C stand for?
    in MRFOX Comment by sma3 February 29
  • I did some math for my state Massachusetts, which taxes income and LT Cap Gains at 5% but ST cap Gains at 12% !!! If you hold BOXX for over a year there is a small benefit; you pay 15% plus 5% vs 22or 24% etc ( depending on income) IF you sell bef…
    in BOXX ETF Comment by sma3 February 26
  • I would either buy an equal weight basket like RSPU or an actively managed fund whose manger seems to know how to avoid disasters like PGE or focus on firms servicing rapid growth areas like Texas and South without huge fire risk. Florida has hurr…
  • I think you have to look carefully at the states that each utility operates in. California is to some extent a worse case scenario, although PGE may also be a worse case management scenario. None even inspected those 100 year old hangers and never…
  • thanks fot the update and for all the hard work David, Chip Charles and all the other folks that keep things running. A labor of love!
  • Tried two browsers cleaned cache etc Nothing works. I now believe it is Rida Morwa's revenge for me making fun of his crazy "can't loose" ideas that all pay 14% with no downside
  • @crash From what I can tell Park is perma bear, perhaps influenced by the dire predictions of the Canadian Housing Market. I only listen to a few things, as I don’t like to spend time on podcasts or Youtube when I can skim written text quicker. …
  • fyi Seeking Alpha response Hi Thanks for reaching out, and sorry for any inconvenience caused. With the recent changes in our paywall policy, users will have access to a few free articles on our website. Unfortunately, we do not have the option t…
  • Tried both No go. Once I sign in it pops up asking me to renew
  • I appreciate anyone's reasonable, well thought out views and investing ideas, but I would hope that folks will not assume that other people do not have just as reasonable and well thought out ideas for their own investments, if they do not match you…
  • Does anyone know why after I stopped paying for a premium SA account, now I can't read any of the articles including this one?
  • I stopped paying their $250 a year fee as I was not using most of the thousands (!) of recommendations. Anybody got the article without the paywall?
  • My folks in their youth would decide to "run down" to the Met with my grandfather on the spur of the moment. Saw dozens of operas. My grandfather was in Budapest on business in 1940 (!) and saw Franz Lehar dining with his lady. He loved the Merry …
  • Yep. 11.5% in the 80s The first house we bought ($35,000) however we assumed an FHA mortgage. The house was not our first choice, on a busy street etc, but we didnt want to hock our souls and then some to the Bank Sold it two years later for $55…
  • Good useful summary, although the example of worse case losses being 2% a year seems a bit optimistic. Averaged over 10 years it comes closer. He doesn't mention the importance of the source of the withdrawals, ie taking money from bonds when stoc…
  • I have had much more success with Schwab than Fido, other than the MMF sweep issue. I have had an account exec who is permanent even though I don't use their portfolios etc. He is easily available but I usually use the Chat as it is quick and simpl…
  • I have not had the "sell one fund buy another" issue at Fido but usually dont do that. I find Schwab's attitude about Sweep accounts very irritating and is clearly designed to make money off of John Q Public. It seems nasty, especially coupled with…
  • @Old_Joe What did you think of the piece? I subscribe to Bloomberg and got his piece in email too. I am a bit leery for copyright reasons about copying the entire piece here, and got tired before I could sum it up for folks. He does make a case …
  • Matt Levine in Bloomberg explains the difference and the apparent rationale https://www.bloomberg.com/opinion/articles/2024-02-08/bill-ackman-wants-your-money?srnd=undefined&sref=OzMbRRMQ I am not sure you can open it without subscription
  • I think he is hoping as CEF it will trade with a big Premium Is there any reason why he couldn't have started an ETF and charged 2%?
  • @Baseball_Fan An ETF WSKY let you do both but it was shuttered. Now VICE is available and apparently holds NVDA too!
    in SUNW vs NVDA Comment by sma3 February 7
  • yep at Schwab or directly but Crash has BRUFX which can't be traded anywhere except at fund web site