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.
Interestingly, according to M* their one equity holding is Microstrategy, purchased in Feb 2021 -- I suspect b/c the company went bonkers buying Bitcoin in recent years so they may be using the equity as a proxy for actual cryptocoin? *shrug*
Read the fine print VERY closely and also beware of counterparty risk, both of which plagued these things back in 2008 and led to many shareholder lawsuits against the big banks. At least with structured notes that did this during the mid-00s, how …
I saw this the other day and flashed back to the late '90s when everyone became a daytrader as the Dot Com bubble happened. Remind me again how that turned out for most people?
A friend laughed at this article running around his office laughing …
Made my first forray into anything crypto-related, buying a bunch of BFARF at $5 at the opem before it closed up nicely. Just got approved to list on the NASDAQ the other day, so I expect it will pop given retail interest and make for some nice cap …
Yes, by all means! In fact, I think people should take out a second mortgage and plow it all into
Scheißcoin while it's still below $0.005! Tell r/WSB, this one is going to the moon! /ducks
Should I buy now while it's still above $.50? Also…
I would not buy a meme-momentum asset whose value often is determined soley upon a single person's tweet, comment, or media appearance and the response of the uninformed trading herd (dogecoin, TSLA, ARK-whatever, Bill Ackman and/or Chamath Paliha…
I'm 90% equities across my portfolios but also have a decent cash pile from recent sales. That said, mt Scheißfest Plan is to sell very little (if anything.) Rather, I plan to buy (or add to) quality stocks and funds (mostly value-oriented but some…
I gave up on M* for data/analysis. I'm currently paying for Seeking Alpha premium, which has data feeds/information/analysis that is accurate, useful, and reminds me of what M* used to provide for equities.
Appears their latest acquisition has turned out to be quite beneficial !!
Derf
Trading will explode again at Schwab once they unleash ThinkDesktop on Schwab's network. I find their StreetEdge/Active Tradin…
RPGAX would be my choice. D&C still seems to be slow-moving and late to adapt to changing situations/trends (as they were horribly during the GFC) ..... TRP is more agile, global-oriented, and in my view are the more proactive firm. If I had…
That's one of the reasons I fled M* a few years ago. Apart from the horrible interface changes on their site, their data often was inconsistent to flat-out wrong or nonexistent.
M*'s at it again. Instant X-ray and Portfolio Manager are failing t…
Not sure if it's been mentioned yet but if you didn't know, MGGPX and its other share classes soft-closed back in December. (I got in on the last day, as I did w/PRWCX and have been very happy since.)
Hahahaha. I love that skit of his....
Thanks @hank...great link. She likes the public markets verse the private and as we know these two markets can require further explanation:
I'm a strong supporter of PRBLX/PRILX and hold the latter in large quantities at the moment.
Though Portfolio Visualizer hardly shows it giving index-like returns. It does much better!
Somewhere above 666....
Ah, the S&P's low during the 2009 collapse. That's what you were going for there.
Why yes, yes I was. Absolutely. Nothing else. :)
What is the difference between buying SPACs than lottery tickets?
If you time the buy correctly into a SPAC close to or below NAV, you can maybe get at least your original investment back, or have a possible floor to minimize losses?
Unfortunately people have a tendency to bail at the worst times. One will do better by making a plan, any plan, whether it is self-managed retirement, an annuity, target date funds, or anything else and just unemotionally sticking with it.
Exce…
This is interesting work, thank for the table.
Playing around with other funds in comparison looks handy, too. My old standbys PRBLX/PRILX fare nicely compared to PRWCX as well. Glad to know both are core fund positions for me. :)
More .....
Billions in Secret Derivatives at Center of Archegos Blowup
https://www.bloomberg.com/news/articles/2021-03-29/billions-in-secretive-derivatives-at-center-of-archegos-blowup?sref=frV97TwV
Union? Give me a reliable phone number when problems arise and someone on the other end who speaks English. At this point I’m finding it better to swallow the loss on some defective electronic items rather than to continue crashing the boards in a …
This was common during Dot Com when we were all working to build the 'modern' internet, such that it is. Back then, we believed in what we were inventing/creating/running and us GenX'ers also had the last vestigages of that 'old time' work ethic we…
I never really understood marketing. "The official PRODUCT$ of the LEAGUE$/TEAM$" ... do they think people are going to rush on out to buy something thinking the LEAGUE/TEAM is endorsing the product? Or is it just for branding purposes to get the…
AKA "The first investment vehicle made exclusively for Robin Hood users, which promises thrills, chills, and spills along their roll-the-dice investment journey."
I tend to go along with the Capital Group's approach that many 'American' companies earn substantial revenues from overseas, so you don't necessarily need to formally look overseas to find 'overseas exposure' in your portfolios. So in that regard, …
Weird. Here in DC I got a re-run from last summer with Jim Rosenblatt of Gotham Securities. ;/
Feb 26th Episode:
Free Issues (Grant's Interest Rate Observer):
https://grantspub.com/subscribe/index.cfm#freeBlock
You make some fair points, I guess. Thanks Lewis.
Large institutions often provide seed money, although that is not the case for some such as Vanguard, but even when the seed money is large asset-wise, that doesn't mean trading volumes of the ETF …
I'm quirky-- I would expect a fund to be better capitalized/positioned at launch.
The ETF launched a few days ago I believe. Unless you're an insurer with seed money for an ETF, initial assets/positions are usually like this. I'm not sure why that …
