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.
The state budget/pension situation is why I gleefully bought into the 403(b) option versus the state pension when I joined the uni system. Not only was the 403b portable and fully-vested immediately, but if I was going to lose (or make) money, I wa…
Thx. This would be a 22% capgain which I'd bank and it'd just add to my cash pile that I'm trying to invest-down. A good problem to have, admittedly.
Since I only bought into this bunch of MMP last year my tax hit on this should be fairly mild. …
@hank: Yeah. I will probably do what I usually do in such cases and liquidate my position tomorrow morning.
This will leave me with EPD as my only pipeline MLP remaining, which I feel pretty good about holding and/or adding to until the cows come …
Apparently Conspiracy Twitter is having a collective meltdown because of her association w/the World Economic Forum, which they view as the root of all evil in the world ... and now saying Musk isn't holding true to his 'word' about 'free speech.' …
FWIW saying I reloaded the liquor cabinet and went long on popcorn futures the other day. So I'm ready for whatever may come from these lunatics across the river from me.
She may be CEO but you can be damn sure he'll still be calling the shots. I wonder how long she'll last.
As someone on social media said, this may be a 'Glass Cliff' -- namely, hiring an experienced woman executive to fix a failing dumpsterfire si…
@NumbersGal, what brings these funds to your attention? I've never heard of Envestnet. Do they have good pedigree? I do see them available at Schwab, but as you said, really no info given.
ActivePassive. Kind of like a split personality :)
Compan…
I haven't been able to find a clear article on what exactly happened, but one thing is clear: the House wouldn't have been the problem. If there was a legislative block, it was in the Senate. Dems couldn't have passed it on their own; it takes 60 v…
I know this is water under the bridge, but I am curious if anybody knows why Biden, Schumer and Pelosi didn't get together at the end of last year and raise the debt ceiling when they still controlled the House?
Especially, in early November, afte…
Long-term PFF chart from Twitter LINK. It is underperforming financials by a lot because of the concerns that noncumulative bank preferred may be worthless in the FDIC or other bank rescues.
This is the #1 reason why I refuse to hold bank preferred…
@rforno
I think that applies to less than a majority of the GOP, maybe 20%. They hold influence because only 50% of people bother to vote
When your bank closes and the ATM is empty and your SS check doesn't arrive, I suspect people will notice.
…
@mikeM. Virtually all Trump supporters and for that matter most repugs vote against their pocketbooks. So to answer your question “would they?” Why wouldn’t they now?They always have. Their culture war issues matter more than anything to them. E…
What happened in the case of First Republic was that (large) uninsured depositors were made whole at the expense of bond holders; the equity will likely be wiped out even though FRCB (it replaced FRC) is trading at 32c. If there was a formal bankrup…
QUACKman ... yawn.
I read earlier that both fed and state regulators are starting to look into possible market manipulation and/or short attacks on the regionals by various parties. Frankly, I wouldn't rule out economic warfare being another way o…
So it's like VectorVest, just with AI.
(or any other 'we make it simple!' sort of product/service/signal/screener)
Yawn....
Edit: Actually, I just got a VectorVest brochure in the mail today, which I take as a sign that we're in for (more of) an …
Tastyworks is by Tom Sosnoff, JJ Kinihan, and others who helped build ThinkorSwim (which ThinkDesktop was/is fantastic) back in the day. They've been around forever and Tom is a recognizable name who knows his stuff, especially when it comes to opt…
Do they expect indigent nursing home Medicaid elderly to go out and get a job too?
They're trusting private equity firms to take care of that after they come up with suitable hooks, like:
"Empowering seniors!"
It's all described in the prospect…
“Nothing is off limits now in this new world, I expect a default before a compromise is arrived at.”
Brings to mind a verse from Camelot - “What Do The Simple Folks Do?”
What happens to the millions of elderly moms and pops subsiding hand-to-mo…
Democrats will need to come to the table and negotiate. McCarthy would rather keep his job and have the US default vs. negotiating with the MAGAts.
Nothing is off limits now in this new world, I expect a default before a compromise is arrived at.
T…
My friend and I could only find about 83 cents in the sofa, but we thought that could be a solid contender for the bidding war...and we had no regulatory concerns, which would've made things even easier. But alas, the phone rang and I missed the su…
Some good points, but also some rather dated ones that reflects traditional elitist Wall Street views...perhaps understandable given the time it was recorded:
- “Do-it-yourself” small investors don’t have a chance compared to a good mutual fund wit…
My only tech requirement for new cars is a heads-up display. OMG so bleepin' convenient, I rarely need to look down at the dashboard anymore. A close second is automated traffic-jam stop/go distance-control, especially around here in DC.
That sai…
I gave almost the exact same talk last week at our university's Finance Week. Even used some of the same examples and monikers, too. But he did it far more eloquently and fun than I could over Zoom, plus he could be as profane as he wanted. :)
Was BB &B carrying a large debt load? Oftentimes these bankruptcies happen after some financial engineering in which money is taken out of the company and it's saddled with too much debt for its business to sustain.
Yep. Like $4B, which was li…
It seems the American Empire remains happy to salsa drunkedly along the knife's edge. At what point does a society become so ensnared in embracing or fighting such BS that it's unable to pull out of the death spiral it ends up bringing upon itself?…
If your publicly declared measure of success for a rocket launch is not blowing up your launchpad, you are not qualified or competent to be CEO of a rocket company.
@rforno Ever hear about The Stanford Marshmallow Test? Worth reading. https://globalcitizen.org/en/content/marshmallow-test-rich-children/
People who've suffered deprivation much of their lives may not want to put off that vacation or put off eating…
I know. But it seems irrelevant to say Americans aren't saving enough when so many have nothing left over to save after paying their bills. I often think the constant complaints posed in the media over "financial illiteracy" are really just a coded …
Giroux just moved GE from his Top 5, even Top 10, but GE +GEHC (spinoff) combo still had the weight of 1.84% of AUM on 12/31/22. So, that was down from 2.00-2.25% of AUM earlier (Edit: GE topped at 4.7% of AUM in early-2022) . I think that he will s…
+1
In fairness, I don’t anticipate TRP doing that. What I see is investors chasing performance and the fund has been hot and attracting interest / money for a long time now. And Giroux, for better or worse, has claimed a lofty perch next to Gabe…
David's announcement comes at the same moment that the WWE announced that they were merging with the UFC. Cage Match Coincidence? I think not.
I can hear Sam Irwin now:
< ding ding >
"The following contest, scheduled for one dinner, is for t…
Currently, TRP ETF's have not garnered much in AUM. Blue Chip Growth and Dividend Growth each have +$300M and Equity Income +$100M. Otherwise, mainly $20M or so per fund.
TCAF could be a winner for them?
I daresay it depends on how hard they end …
M* has now become even more confusing. Articles at main home morningstar.com should be open (as in the OP Link), but those at investor.morningstar.com may require M* Investor subscription (even if the same article is posted there).
These are the p…
The concern is that there is a lot of Twitter stuff on how this is going to destroy regional banks and eventually fdic fund. So it is important to throw light on this matter
And all it takes are a few well-known Twitterers or shark investors (eg, B…
@rforno: I looked at the four CGGO managers' bios and found a decidedly international bent to the team. 2 are Europeans based in Geneva, 1 a Brit based in Singapore, and 1 American working from SF. At least 3 manage(d) a global growth and income fun…
Thanks for those ideas @rforno. CGGO looks promising. I have not replaced the global growth funds that swooned in 2022, i.e., Kristian Heugh and MS funds. Do you know if the managers of CGGO run an equivalent MF strategy?
I think their equity ETFs f…
