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.
Been thinking (pondering) of adding a modest holding in a commodity strategy fund (PCLAX) to my hybrid income sleeve since commodities have been beaten up in the recent stock market swoon. My outlook is that PCLAX can turn a 25% to 35% gain over th…
Pretty much stay the course on my existing long-term portfolios and invest new money as opportunities present themselves for either long-term positions or as near-term trades, as I did in Feb-May this year.
Trump related daily news...
Potus wants open church asap..I told my frail 70s yo Mother and Papa [whom are extremely devoted previously], none if them want to go to large gatherings presently...they may go if vaccines or effective therapies are av…
This is a great thread and I hope someone will come forward to keep it going should Pud still be with his posture that this will be his last month to host the thread. He has done this for the past couple of years and pretty much feels, as I felt, …
"Trumpodunno" -- I need to remember that.
Maybe I'll start referring to him as 'Tweety Amin, First Trumpodunno of Dotardia' in formal social situations to ensure proper respect is paid to him when not on the battlefield. Because when engaged in …
Donald J. Trump. The J stands for 'jenius' you know.
@JohnN. Trump knows more about everything. Not just medicine. He knows more about the environment, west coast forest fires, China, national security and how ballistic missiles operate. He knows…
Hi @_rforno, how is your total accumulative return do over past 20 yrs, upwards of >350% totals?...thx kind regards
I've not calculated it, nor am I interested in comparing my performance to any industry benchmark, because I don't care about benc…
With the exception of maybe TROW and LAZ, I wouldn't touch bank or financial stocks with YOUR money. Even if the fed backstops them as they did in 2008, I just don't trust them ... and I never would buy bank preferreds, which are almost always non-…
My long-long term portfolio has several stock positions that haven't done anything but reinvest for over 20 years. Boring is beautiful when it comes to long-term wealth accumulation.
My more active portfolio has a few like that, but I tend to tra…
Yup. General Dotard von Bonespurs is setting up to screw our troops. He only uses them for props when it serves his interests -- which explains why recent polling of military families has him polling much lower nowdays than in 2016.
This draft d…
His staff is giving him Hydrox cookies with milk, so he's a bit confused right now.
That helps explain why #PresidentPlump and the #GirtherMovement is trending on Twitter today.....
FYI the WH press secretary says the WH doctor's memo was not meant to confirm the president is using the drug and was instead intended to show Dr. Conley “agreed with the analysis that the benefit outwighed the risk.”
So .... they had a chat about…
what happens if trump has major health issues/falls and cracked his skulls/admitted to hospitals, Pence also gets covid and also quarantine for few wks. Forever sober Nancy takes over in the interim? Maybe a dream come true for many
I'm no Democrat…
Trump may have gotten so rattled by the idea that he was exposed to people testing positive that he decided to swig the stuff. With doctor's permission.
They discussed the risks and benefits. Risks to someone in his condition who gets COVID-19…
It's interesting that Tweety Amin's WH doctor released a letter that says they discussed the risk, but he never *explicitly* says he prescribed it -- or even that Tweety is taking it. So I remain skeptical of this claim by the Liar-in-Chief. If n…
I don't gamble in Vegas ... if I'm going to speculate/gamble/"roll the dice" at times using 'fun' money, I'll do it in the stock markets. Sometimes I have better luck that way, too. :)
I've always been a proponent of defense investing as a long-term allocation in my accounts. Have held several individual stocks over the years and also own FSDAX.
FWIW saying I recently put on a speculative long-term GE options trade as described in the BSW thread for May. At this price, it's worth a gamble with some fun money I think.
Hi @rforno
You noted: " in 'safe' bonds earning piddling amounts"
Is/are the piles of debt too large across most bond areas? Yes. Will a day of reckoning arrive to blow up the debt markets? The potential exists.
Catch
Absolutely. Ten, twenty yea…
If I was sitting on 25M like her I'd probably have 5-10M in 'safe' bonds earning piddling amounts as my cash 'bucket' for emergencies and/or my retirement piggy bank. Remember, the more you have sitting "earning next to nothing" the more "somethin…
How much China is represented in these funds/indices anyway? It can't be that much, but I guess Boss Tweety needs something new to distract from his ongoing flailing & failing these days, so .....
Put on a 5/7 (Jan 22) combo spread on GE for a small credit, 20 spreads controlling 2K shares. Just taking it as a speculative position on a corporate turnaround/recovery .... if GE goes below $5 it may run the risk of getting delisted and/or re…
thanks, VF. I'm newly 98% retired, with time on my hands and a need to keep my brain working. this could be an interesting thing to study and paper trade, even if i do nothing more.
Paper trading is a good way to learn basics about the markets/tra…
So I had learned 15 years back. Converted $50K to $75K in 2 months and then turned $75K to $40K in about 8 days. Closed my account and ran. It was a mistake.
Happened to me when trading futures during my doctoral years. Made insane profits & h…
A very intriguing fund and seemingly well-allocated fund that I would consider adding to my portfolio -- though I have a hard time paying 1.07 a year for it when the performance (and some holdings) seems quite comparable to PRWCX, which I'm still q…
Yes that's the thing. VF is just selling the put, though -- as I understand things, he's not buying the other put to limit losses to the downside.
rforno: here's a link to darlene on the chicken thing. is this what you're doing, vf?
https://www.…
PS - Just to close out the situation with Vanguard. Getting options approval is so painful, I'm just not doing it. I have approval at Fido and Schwab, so I'm moving money out of Vanguard and will do options with them at other brokerages.
Definitely…
Sold a few odds and ends I picked up in March after locking in some short-term cap gains that more than cover upwards of 1-2+ years of dividends.
I originally planned those purchases to be long-term holds but I'm having second thoughts about that …
I've got several AF's spread across my accounts and am pleased with their slow-and-steady approach.
That said (and I'm not a FI person) are these the right market conditions to launch a FI product, let alone one that would be worthy of Capital's c…
Speaking of the young getting hit by this...
A Young Doctor, Fighting for His Life
https://www.nytimes.com/2020/05/02/opinion/sunday/young-doctor-coronavirus.html?smid=tw-share
Correction: this is a political thread/discussion WITHIN an investment site that focuses on investment discussions. As long as partisan political commentary is confined to threads like this and don't start polluting other threads discussing invest…
Neither candidate's policies impress me, and besides all presidents really do is guide things in DC anyway. It's not like we're electing a king who governs by decree -- and yes that includes the current Idiot Incumbent, Donald J. Trump. What's the…
With respect to Mitch McTurtle in the Senate, Tweety Amin is the BEST example of a post-turtle. I'm surprised he hasn't thumped his chest and tweeted out self-adulation for this accomplishment yet, frankly.
Via Wikipedia:
"An old rancher is talki…
And now people are getting follow-up letters also SIGNED by Tweety Amin explaining the check and how he 'proudly' signed the bipartisan legislation (despite having no Dems at the signing ceremony).
Never missing an opportunity to stroke his ego an…
