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.
Hank,
Miss the Contrarian Chronicles from 20 years back on MSN Money.
“It became a must-read for investors burned by the dot-com bubble and wary of Wall Street's pervasive optimism. The column stood as a stark, often witty, counterpoint to the pr…
As the economy unravels, we will hear a lot more of "It had to be done". As if making us economically weaker accomplishes anything. Ot that they are fighting the "good fight". No proof will ever be forthcoming.
President Trump says US court ruling …
A firm I read believes that if DJT fires Powell, and forces the fed rate down to 1.5, ALL deficit funding will be short term with disastrous consequences for LT debt. While there will be a surge in economic activity, inflation will soon blow up, sto…
Those are regular CDs carrying early withdrawal penalties. Unfortunately, Sallie Mae does not offer no penalty CDs directly.
Got it, thanks. Missed that fine print you had mentioned with fintech offer.
Hank,
Thanks for detailed breakdown, never had enough time to research CEFs, seemed opaque. The affable billionaire Mario seems to have done ok last few years. But seems to trade like a convertible fund. But correlation with SPY is low, so a good …
There is a White House clarification (re gold tariffs) in the process of being issued. So don’t do anything rash!
Oh no! I was just driving to a dozen Costcos to pick up my bars…
Hope you have a big enough pickup to haul it all. :)
Unfortunate…
FD1000,
I apologize for my poor attempt at humor in middle of the night. Did not mean to offend you about crypto.
I totally dismissed bitcoin (prefer gold) and other crypto, maybe Buffett and deep value folks are too conservative with investme…
FD1000,
I said crypto is very risky, probably 5-10% max in portfolio. Just pointing out like you implied that politics should not factor into investing decision. Many people have missed out on biggest gains of last year because (maybe in part at …
There is a White House clarification (re gold tariffs) in the process of being issued. So don’t do anything rash!
Oh no! I was just driving to a dozen Costcos to pick up my bars…
Looked up MIT class 15.015 (Macroeconomics and International Economics). Jumped right to exam question and found this gem
Exam question-
A candidate for the Republican nomination (i.e., someone currently competing to become the presidential candi…
Catch22,
Very interesting and I know it’s almost late September and I should be back at school (MIT Sloan School), to take
15.218 Global Economic Challenges and Opportunities Course so I can make sense of peso crisis in Argentina.
I would like t…
Las Vegas Tourism stats June 2024 to June 2025
Metric Change
Total Visitors −11.3%
Convention Attend. −10.7%
Hotel Occupancy Rate −6.5
Air Travelers (Harry Reid Airport) −6.3%
Traffic from California (I-15) −4.3%
International Arrivals −9.8…
Sold all GDL. Swapped it out for new position in TRTY.
Gabelli’s (arbitrage fund) GDL wasn’t a bad investment for me. Just moving a few deck chairs around … in anticipation … of what?
GDL reminds me of the airport code, but
“oh no
Guadalajara…
I hardly have MM. It's all in SNAXX at 4.29%.
I’m sure you have better choices than lame MM. You probably don’t like to brag, but bet you have 10-15% in
$TRUMP cryptocurrency, which for MM folks here, is up over 600% year to date. By far the best…
Smart people buy Toyota vehicles and hold them for 15+ years.
Has been easy in California to keep cars for long term. Don’t know about newer cars.
We had Camry V6 250,000 miles but totaled in accident. Body shop guy did minor fix and gave to his…
I have the fax machine story beat by a country mile. I once submitted order for a cd labeler and duplicator. Six months went by and order was lost. I resubmitted and months later a boss was asked by IT (their answer is always no) why couldn’t I j…
And if you want something liquid and FDIC insured, Marcus is offering 7 and 13 month no penalty CDs with APY of 4.15%.
I would go with the longer term. If rates go up one can cash out and reinvest at a higher rate. Or if the Fed pushes rates d…
Biden”s 8 years of massive inflation wrecked our country.
Thank goodness we have new policy so that Prices will finally go down after we punish countries with massive tariffs.
Did Chuck really hold tech stocks though? It is a quality value fund so even in Chuck’s prime in this market I don’t think it would have done much better.
BTW, just voted on ETF conversion.
Gemini won’t reveal source for data, but
https://www.tiingo.com/products/end-of-day-stock-price-data
$30/month
Claims to have data from 1970s, then can have AI write Python code to generate output needed.
Gemini supposedly using daily prices
Fund Performance Metrics (Jan 4, 2016 – Jul 31, 2025)
Fund Name & Ticker CAGR (Compound Annual Growth Rate)
Max Drawdown
Sharpe Ratio
Sortino Ratio
Marshfield Fund (MRFOX) 12.15% -30.88% 0.65 0.94
T. Ro…
10 year return for SP 500 is about 13%, whereas health care fund returns average about 5% in same time period.
Rolling ten year returns for VGHCX from 1984-2025
Big drop from 15, 12, 10, 9,8, all way down to 5%. How much lower can P/E ratio go …
Observant1,
I’m sure Ed Owen had better skills, but the time period I’m sure was more conducive to health care in 84-2012 and easier competition in 80s? Will have to compare Vanguard fund 2012 to now with Fidelity, etc.
USA has trade deficit with Canada on goods (oil, cars) of $63B, but services surplus of $32B. (Tourism, software, IP). Tourism from Canada is going down, but much less than 50% plus expected, for now…
However, President Trump won’t allow other cou…
If you were leading a country like Brazil and wanted to maintain a healthy economic trend in GDP growth, but a large trading partner like the U.S. put up a huge barrier to trade, wouldn't you be compelled to strengthen ties to other large trading pa…
Using testfolio, not sure how accurate it is with weekly, daily deposits because it comes back too fast.
Amazing what a 10.5% to 12.3% does over 30 years
With $10,000 initial investment.
S&P 500 $197,026.06 10.45%
VGHCX $326,539.82 12.32%
Case for immigration 1990-04-13. I don’t think Lou brought on anyone he completely disagreed with.
https://americanarchive.org/catalog/cpb-aacip-394-01bk3r9x
I was shocked by a Fox reporter who asked
“Does the wait and see on inflation give cover for companies to raise prices? Powell said in 2018 washer tariffs but no dryer tariffs, but companies raised prices on both. Companies walk the street togeth…
NVO should have hired a friend of Dr Oz or Sen. Rick Scott for CEO position. Their actual pick for CEO is a terrible choice for USA market where friends are more important than anything else.
On the conservative side, starting a position in BALT as I read "The Nasdaq-100 just tallied its 60th straight finish above its 20-day moving average — its longest streak since February 1999."
Also starting a position in WAIVX this week, removing M…
