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.
@LewisBraham
I have owned FPNIX for years but lightened up last year as they lost money.
Does the large exposure to asset backed securities based on automobile loans bother you? If we hit a serious recession a lot of these are going down. Obviousl…
@yogibearbull
For example the YTM on TIPS maturing 1/2028 is 1.697 at Schwab. That is the YTM received after paying original price plus accumulated inflation adjustment, correct? (For this particular example, I can't see the actual accumulated ad…
When I looked at buying TIPS in secondary market, there was a large additional principle payment attached to the price. Is this the recompense to the original owner for the added principle as inflation rises?
It was hard to figure out what the ac…
@yogibearbull
Thanks for the correction. The PE of VWINX is still pretty close to SP500 at 13.5 but M* has in in Large Value. Probably correct but not deep value
I sold my VWINX in 2021 bothered by the duration. I am unsure why the managers did not reduce the duration going into 2022 given the likelihood that interest rates would spike. I have to assume that they felt many of their customers wanted income b…
It did not really take much doing. I just filed a complaint with the SEC with the details like Ticker symbol, share amounts, price change etc. IT took about ten minutes.
I had a similar thing happen several years ago but for only 20 or 30 busks dif…
Count yourself lucky. We lost a large amount of money on our house in CT 1987 to 2020. We got about $50,000 more than we paid for it but in the 30 years we redid two BRs, kitchen, all the windows, new roof, finished the basement, new deck and sunroo…
I tend to agree with LB that TSLA does have an advantage over GM F etc that have to retrofit all of their manufacturing, but both have made projections of meeting these goals in the relatively near future.
M* has the fair value of all three near do…
Bloomberg says CEO said
"If you took our crews, we have a lot moving all over the country. If they get reassigned, someone needs to call them or chase them down in the airport and tell them.”
Really?? in 2022? guess they dont have cell phones!!!
Musk seems to be going after Fauci again too, if I read the timing ( 13 hours ago) correctly. Is retweeting a 2021 article. Why is this news?
I think he is seriously mentally ill. At least other corporate executives who destroyed their companies (W…
When operations are normal, flights arrive pretty much on time and where they are supposed to so they can assume a crew is available there. With massive cancelations, I think unless they track the crews specifically they have no idea of who is where
The pictures are not specific but he looks like he was a big guy and maybe overweight? Certainly his job was stressful and probably contributed to his early death. He "retired " at 37 with millions but had to go back to work!
"Running a global fi…
All depends on earnings and inflation I think ( Not my original idea but from Pundit I subscribe to for $)
Current estimates SP500 $225 at 3800 PE implied 17.3 or "Fair Value" 16.5
If Growth falls faster than inflation so Earnings down to $21…
You can reduce your IRMAA if you income falls below the threshold the next year by filing a form with social security.
However, you have to have filed your income tax for the year before to use that for the data, so the earliest you can ask for a r…
@BenWP @LewisBraham
Since October first, BRTRX has sorta decoupled from TSLA ( after marching in lock step for years) , down 17% vs TSLA -48%, so it looks like Baron has trimmed the TSLA exposure to less than 50% reported at the end of September.…
When I have looked at the prices in the past, Barron's seemed to use the close on Friday that it is available , rather than the opening on Monday when anyone can buy the idea. A bit biased as most stocks get a "Barron's pop" on Monday
Anyone use A…
Quick search of usual tech sites ( Ton's hardware/Tom's guide, Wirecutter from NYT, PCMAG) for recommendations after Dec 1 Lastpass hack
1Password and Dashlane are top choices, with Bitwarden best for free
KeePass gets good reviews, and seems to…
@sven
I think it is possible for a hacker to impersonate your phone SIM card and break the two factor authentication.
I use LastPass but not for financial sites.
Does anyone knw any more about LastPass hack? second time this year but company s…
I agree that the money should be distributed to the victims, but I bet the politicians are anxious to get rid of the hot potato and do something now. It will probably be a long while before any bankruptcy fund is set up.
Most of the charitable dona…
I think this is just a publicity stunt from Griffin, because the federal tort claims act says you cannot sue the federal government unless a federal court agrees. It is not clear, either, how he was damaged by the release.
From Wikipedia:
Under…
@yogibearbull
Do you manually enter each transaction? M* Portfolio still lets you download a file with positions and average price, although M* Investor still refuses to allow this.
Has anyone heard of any brokerage account hacks?
I always ass…
If anyone is really interested here is the most complete list of SBF contributions that I know of. Lots of GOP guys and girls including $ 3,500,000 to Mitch.
Porkers really lined up at the trough
While we all know that "money talks" it is always…
Does anybody else use Quicken to download transactions at various brokerages? I have done it for years and believe it is safer, as the passwords remain on your computer and not on Quickens.
@ Old_Joe
I have been tempted for years to use Yodelee or the aggregator ( most also use Yodelee) at one of my four brokerages ( don't ask!) but always shied away, as I could not be convinced that giving them my password was safe.
I have never bee…
Let us not resume profanity laced, political opinions please. It is one thing to link to a legitimate report that SBF donated large sums to Democrats ( he claims he gave equal amounts to the GOP), as it does indicate how politics work, but this is …
One of the better commentaries on energy, oil, natural resources and uranium is from Goehring and Rozencwajg Mutual fund. They have a significant investment in Uranium
http://gorozen.com/research/commentaries/3Q2022_Commentary
I agree with the sentiments, but rather than start a new thread, I used this one to point out the apparent inability of some politicians to understand we are all in this together.
However, it is hard to have a discussion about "climate change" in…
@stayCalm
When Miami sinks, DeSantis will demand all the other US taxpayers bail them out, although he voted against and railed against aid for Super Storm Sandy
This would sure shake my confidence that Vanguard just sees Climate Change/Carbon transition as marketing and now the winds have shifted a bit. I tend to believe their new "Vanguard Environmental Fund" VEOIX VEOAX will soon be defunct
Typical Van…
I looked at the rates on almost everything Monday, taking into account taxes. and checked again today
Non Callable CD from WFC December 2024 4.7%
Treasuries today are paying 4.2%
Depends on "Will I need the money before then" I guess
I spent several hours looking over the CEFs mentioned in Barons. RIV popped on Monday but now is down . The SPACS he mentioned are almost impenetrable as there is little information about their strategy.
I wonder if, as the deadline to return al…
I have always been a bit suspicious of Rida Morwa's many many posts on Seeking Alpha.
They all seem to promise unlimited income with no or little risk. The articles are well written and seemingly wise and appear to offer great investment opportuniti…
@LewisBraham
I wasn't generalizing about health care unions, just reporting the fact that much of the opposition to the much needed merger of the two hospitals in a very small town ( big enough for only one, really) came from the nurse and hospital…
Years ago the biggest issue with non-profit hospitals was the insider dealing on the boards, esp the smaller ones. CEO puts buddy lawyer on board. He gets all the legal work and votes to increase CEO pay and benefits year after year after year. Sa…
@LarryB
I do not necessarily disagree that non profit hospitals can be just as predatory but they tend to be more responsive to consumers when their abuses are publicized.
In CT, Yale and Hartford Hospital Health Care own over 2/3s of the hospita…
Another well written and hard hitting Pro publica article on health care.
Our local hospital was bought by Prospect Medical, a hedge fund, with dismal consequences
https://www.propublica.org/article/investors-extracted-400-million-from-a-hospital-…
