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.
In other words, they can dish it out but are unable to take it in -- so they play the role of victim upon the mere whiff of pushback to their claims/views, even when civily presented. Just look at Tweety Amin -- the Bully in Chief can't stand *any…
Melania's statement continued her husband's tradition of invoking "both sider-ism", fwiw saying.
A few prominent evangelicals - Grahm and some others, plus some Catholic bishops - have publicly condemned this practice. However, they are taking gre…
He's so chintzy, gold-plated would be just fine. Or even gold-painted ... it'd be the 'most beautiful commode ever, believe me - I know commodes. It's such an honor, a great honor, to sit on it evey morning during executive time tweeting. Very ho…
Well they're scattered around the plane for everyone - from president to journalists to staffers - to know what's going on in the world. I'm totally fine with that ... they're not all 55" flatscreens with OLED resolution. Perhaps a few are bigscre…
FWIW saying I graduated HS in 1990 and preferred taking the ACT vs the SAT. The ACT seemed more relevant to what I learned in various subjects -- the SAT was formulaic and didn't really prove 'knowledge' per se.
That said, just as with industry c…
I actually agree 110% with Ted on something. Has Hades frozen over yet?
I've seen more stories about young people following in their parent's footsteps in the skilled trades -- plumbers, electricians, and so forth. They cite great money, good …
I skim, but will rarely post, in the political threads. Because, just like over at M* once a thread goes political, it rarely stays political and delves into the ad-hominum and wingnutty trolling the internet is famous for.
The financial and no…
Neville Chamberlain: "I do believe we have peace in our time." (*)
GWB sign: "Mission Accomplished."
45 tweet: "There is no longer a Nuclear Threat from North Korea." (**)
Yeah, okay. Whatever....
(*) Not using the first part of the quote so as n…
How do we ignore posts/threads/users here? I know how it's done on M* but I've never found a way to do that here.
Moderation. Off topic is Off topic. Or even get rid of Off Topic.
However, there is really only one way. Ignore feature. Those I ign…
I'm for teams -- Primecap, American Funds are great examples of that. Even the 'group' model like most funds is good, though they're not as segregated in management like the 2 companies I listed.
Speaking as a 20-year career cybersecurity person, I laugh at such wisdom from these experienced twits. You acid-wash jeans, not tech or data.
How to NOT destroy evidence: Let Michael Cohen do it.
@Maurice I was not directing my comment at you specifically, or I would have indicated such. It was a general response to what I view as a valid assessment by VF about the state of the world.
@rforno Boy just slam people without any real facts of y…
Sadly, true. Facts are fungible. And if you don't like mine, feel free to concoct your own -- because why not?? Nothing matters anymore! I'm reminded of that quote from (I think Dante) at the end of Platoon' -- "hell is the absence of reaso…
Wring their hands, say "this is bad and shouldn't be done", maybe do a tsk-tsk for the cameras, and then go about fundraising for their next election, obviously.
I would be very surprised if any legislation comes out to address this w/enough votes…
Let us not forget what their ticker symbol (WFC) stands for "We Fleece Customers!"
"Fleece" is a polite word for it, yes. Which is fine, since this is a friendly forum. :)
They forgot to add, we will still do what we want.
That's true of most fund companies. Not to mention I hate how mutual fund reporting is always months behind when they are actually published.
Unfortunately, they sold near the bottom but it could get worse. If I was a WF customer, I would have switched banks a long time ago.
Yeah. I was railing against them holding it like 2 years ago, and ended up selling on principle and moving into TWE…
More details/explanations about the WFC dumping was mentioned in their cover letter, which I didn't read last night, but am including below as an FYI.
Wells Fargo
During the first quarter, the portfolio managers responsible for the Parnassus Funds…
Speaking as a career geek (now in academia) imho, "Agile" and "DevOps" = "Deploy, Patch, Pray, Cross Fingers, Repeat" .. IMO a horrible way of doing things, but that's what the 'system' wants to do these days in the sw/dev world, so whatever. :/ …
OldJoe - I forgot to say it's free for 6 month and THEN $3.99/mo for Amazon Prime ... which is actually cheaper than the academic rate which is what I was looking for to start with.
On a semi-related note, TRP's PRGTX has a 12%-ish stake in TSLA at the moment. Given Musk's recent bouts of public weirdness that should give fundholders some pause maybe....and yes I own PRGTX in both taxable and retirement accounts.
Drug and medical prices are out of control, and it would've been nice to see him hew to his campaign promise about Medicare negotiations w/the drug companies to lower prices. But alas, special interests beat him to it. As expected.
But alas, fro…
Took a starter position in TQGEX (T. Rowe Price QM Global Equity Fund) in taxable.
Reason: World stock fund, want more intl exposure, and like the allocations.
This is a reversal to something I posted here a year or two ago when I mourned TRP's f…
@VF I think the big issue is that this was done w/o any forewarning, which freaked out their customers. Value-wise of the funds, it's a wash.
Though I find their statement about how this was done for those customers who like to buy round-lot sha…
Yup. And apparently w/o notice, thus freaking out many of their customers who saw massive losses on their positions heading into the weekend. Not cool, or customer friendly! ;/
The M* discussion of this item is @
http://socialize.morningstar.co…
Proposing or enacting tax cuts and/or incentives *again* as a way of "spurring" things always reminds me of these classic skits on military strategy...
I just finished reading it myself. Intereresting stuff, to be sure -- they do a fair amount of dissecting the big picture. Not sure I agree with everything they said (ie, they ignore cultural shifts & solid citizen education as factors in the…
MikeM - if the fund was investing in Blackstone the company it would declare BX as a holding. This particular position is an investment in one of Blackstone's proprietary black-box offerings, such as what a so-called 'sophisticated' or 'accredited'…
Hedge funds can buy/sell pretty much anything in whatever ratios/amounts/allocations they want, using various eclectic technical, macro, momentum, value, algorithmic, and Magic Eight Ball-style strategies and normally target so-called 'sophisticated…
