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Sigh. And they make it cumbersome to use cash-like ETFs or funds to hold cash b/c they'll charge short-term redemption fees, even if they're on the NTF list. I've since gone to using t-bills for cash, just on principle, as a way of saying f-you …
"Delivery executives" = the latest frufru feel-good inflated term for "employees" who are now called "associates" "crew members" "meal designers" "sandwich artists" and so forth. smh...
None of the above criteria for me. For equity funds I look at its holdings, percentages, and sector allocations to determine how it might hold up during a drawdown. If it's top 10 holdings are all megacorps and in the top 20 of the S*P, you can fi…
Forbes = sensational clickbait. It's the Buzzfeed for finance pr0n junkies.
Forbes Magazine = Never-ending lists of rich people, but little real investing or market content.
This is petty spite b/c CA is standing up to him, just like how he and his GOP enablers threw the blue states in the northeast under the bus with the stupid SALT limitations.
In this case Tweety Amin (AKA 'Fragile Biff') is meddling with their home…
@hank: I agree, it's common practice to tap the SPR. Was just surprised how quickly it happened over the weekend, is all.
But the way the markets act these days I wouldn't be surprised if oil reverted to its Friday prices by Tuesday...... #jokin…
Crude futs were up like 15% earlier ... should make for an interesting session.
Tweety has already announced he's tapping the SPR. I guess he doesn't want ANYTHING to even remotely threaten 'his' economy these days.
I'm surprised it hasn't been 'discovered' installed at the White House residence yet .... or at an ugly black tower in midtown Manhattan .... or at the Old Post Office in DC....or on AF-1 ... etc etc etc.
(couldn't resist)
I think MSCI has the hamberder index under development. :)
No, that's hilarious. They ought to create a "Hamberders" Index and a "I know words. I have the best words." Index, too.
I'm 46 and probably 90% of my investment holdings over two significant portfolios are quality dividend-paying, good-moat (in my view) equities. I've got a big pile of cash to be deployed, but I'm not selling stuff these days - I'm looking to buy i…
I worked emergency services during Hurricane Andrew in S.Florida back in 1992. Hurricanes are NOT to be trifled with!!!
#SharpieGate was pathetically amusing on Twitter today.
I wonder if he was hoping to use the storm's (alleged) impact to try a…
Absolutely agree. There's been a huge rush into passive vehicles that are market-capped (eg index funds) because of their low costs. Sadly, 'low costs' have become synonymous for 'index funds' -- so when folks pour into those vehicles, the funds …
And just a few weeks ago they were saying it was a "risk-off" time and coming into a rocky period. You'd have better investing success throwing darts than listening to these folks .... who are probably throwing darts anyway!
J P Morgan says now i…
B-b-b-but Obama wore a tan suit once. (I think Fox Noise ran 3 prime time specials about it.)
Could you imagine the reaction if Obama had done this:
https://thinkprogress.org/trump-hosts-ted-nugent-white-house-c0da4b94c51/
FWIW saying, I'm receiving noticeably more investment-signal service solicitations these days, including from services I briefly dabbled with over 10 years ago and haven't heard from in AGES. The contrarian in me takes that as a warning sign for e…
Two more to consider equity-wise: PRBLX and TWEIX did well in '08 -- only down about 20% or so. (PRBLX is the major holding in my Roth IRA.)
VMVFX is a fine fund, too - I've owned it since inception in one of my taxable accts for its global mix …
I bought in Dec '18 yeah. Should have bought more, in hindsight. :) I'm buying into most major down days this year to put more cash into the markets across my accounts.
@Old_Joe: You said, "But we held on and came out the other side in decent …
The only preferred fund (ETF) that ever interests me is PFXF because it isn't stuffed to the gills with 'non-cumulative' bank preferreds like pretty much all the others (PFF, etc). I view such preferreds as essentially a free loan to the bank sinc…
Xi doesn't have to worry about re-election, either.
Hes shocked that the Chinese arent kowtowing to him like the Repugs do on a daily basis. They are playing the long game.
Futures rose b/c the overnight trading algos saw headlines reading Tweety Amin said he got a call from China saying they were ready to deal on trade ... yet the Chinese have not confirmed such a phone call ever took place. Typical.
Since even in 2019 the Economist never uses author bylines, I am forced to take their commentaries with a grain of salt, interesting (and sometimes accurate) as they are... and is also part of why I cancelled my subscription years ago. Journalisti…
You said it!
What shatters me is the inability to TRUST anything this idiot 'president' says or does -- it's either false, exaggerated, reversed an hour later, or denied by others as ever having happened.[1] Couple that with his not having a hig…
I woke up this morning to see headlines that Tweety Amin expressed 'second thoughts' about increasing the China tarriffs. Then, 2 hours later, the WH says he meant to say he had 'second thoughts' about the percentage of the increase and that it sho…
@Bee, I have a large cash pile from account consolidations in recent years that for the most part has yet to be deployed into anything other than rolling-over t-bills. I've been using that dry powder to buy new / add to existing positions in recen…
Everyone said the GFC aftermath was a 'generational' buying opportunity. IMO the past 10 years were a cheap-debt fueled 'bull' (key word!) market that was artificially supported by QE, ZIRP, and what-not from the Fed. Yes, it was a fantastic rid…
Gotcha, thx for the clarification!
@rforno: Thank you for your question about why I choose mutual funds with higher fees that also have 12b1 fees associated with them.
"@Skeet, out of curiosity, why do you use VADCX (1.21 ER?) vs something like R…
Yeah, I know. I may well buy back in at some point, but growth is less attractive of an investment than before in my view. Shifting more to value and/or blend than pure growth in some of my accounts.
Closed out of growth POGRX in my Roth on yeste…
If a decently-priced active fund trails the market but offers a smoother (or contrarian) ride, I'll take that any day over market-capped index funds -- especially if it meets my criteria for generating returns and investor comfort ... especially if …
I added to RWMGX in my 403(b) and PRBLX in my Roth, buying on *major* down days.
@Skeet, out of curiosity, why do you use VADCX (1.21 ER?) vs something like RSP (.20), for an equal-wt SPX fund? (They're both Invesco funds)
@Crash: Yeah, the food inflation fake-outs are rampant these days, for sure. Notice how what we used to think of, buy, and consider a "pound of coffee" has become 12oz?
I'll add one grumbling observation: I love how there's CPI and 'Core CPI' --…
That's why we nibble and build up positions over time!
I don't have to tell you guys, but the problem with buying the dip, is that you don't know how low it will go. Added to Wellington at beginning of the month, my normal purchasing time.
Hrm. Maybe I mis-read things at the time, which was entirely possible then.
Memories fade. Sometimes we remember what we want to remember.
My own memory says that PIMCO funds were generally expensive, though I believe that there was a perio…
I owned PIMIX years ago and the ER was something like .60 or .70. For them to be charging 1.XX ERs on classes including their institutional, for that reason alone I wouldn't touch it with a barge pole. Wonder if they've gotten too comfortable in…
Unbelievable. But yet totally believable, given Wall Street.[1]
I opted for the 403(b) over the pension system at my state uni system precisely to afford me flexibility in investments. If I made (or lost) money, I wanted to be the one doing it,…
