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.
It doesn't surprise me. Over the years, there have been many ways to try to beat a simple index such as VOO/VTI/QQQ, but can't do it over the long term. The beauty of it is the fact that it is based on the market, AKA the price. The price is what bu…
@hank "Marks is big on buying at a discount and holding long term."
FD: Millions tried the above while only a small % have done, Buffett. I have read his articles for a couple years, but he never helped me with my trading which is mostly in bond fu…
Working hard and long hours in IT helps you in the long run...or...you can just be lazy and cry later why you didn't make the big bucks.
Of course, you can be lucky and do well.
I decided after about 12 years that I would never work more than 40-45 …
Well Crash, you dismissed it too quickly, maybe the new one is better
https://www.youtube.com/watch?v=ISntD4uLUdk&t=899s
You get real analysis, including bonds...just my own opinion. It can improve most investors trading, and it doesn't mean wee…
First, it's 3 years, not 2 years.
Second, looks to me they started in 2019, not showing the peak of 2020. If you look at this chart(https://fred.stlouisfed.org/series/LES1252881600Q)
Trump started in Q1/2017 and by Q2/2020, real wages after inflatio…
Howard Marks is very smart and articulate, but you get generic ideas, and many shades of gray. You also get opinions on both sides to cover his Axx. The one thing you hardly get is what to do now and how markets work, and that's exactly what I'm loo…
I stopped paying attention to M* years ago because many of my best risk/reward funds in the past never met the above criteria.
MFO lists are much better and looking at meaningful criteria. Example: look for Great Owl Funds .
Maybe I shouldn't be, but I'm just surprised that 'sophisticated' folks like Fido would go into this investment given the mercurial and moronic impulses of its cosplaying CEO business jenius with MY money, let alone anyone else's.
Ye reap what ye s…
"was just on with a chat agent, not a phone call. Easier to do, without the 16 identity questions."
Any time I call, Schwab asks 2 questions and then to repeat an easy statement and I'm fully verified.
But why complain so much, please close the acc…
I have done more than that and never lost more than 1% from any last top since retiring in 2018.
The "secrets" are 1) Mostly owning 2-3 bond funds at a huge % 2) switching bond fund = good timing 3) avoiding market losses.
There's no easy way to …
The nice thing about Schwab ATM is the fact you can take out money around the world and they will refund you the fee by the end of the month.
Question: suppose you took out $300 from an ATM and you want to deposit back $150, how do you it with Schwa…
If the VIX in premarket is over 50, it's a great time to look at my other indicators, and if the big picture isn't good, I sell a lot.
I don't mind being out for several days if it's a fake one, but I want to be out a lot longer in real meltdowns.
The title changed; my post is not related.
mmm...so any time someone starts discussing politics, we are going to change the title?
This is why politics should not be discussed on an investment forum and since one side posts about it 4:1 or 3:1 more…
I didn't have a choice if I wanted to have money. I started investing at age 38 in 100% equities. I kept it at 90+% until the first million. Then, learn a lot about unique bond funds and by the time I retired it was at 90+% in bond funds.
Diversification by itself is too generic, which is why I made my point.
So again, if you are diversifying in just RE, stocks, CEFs, commodities. They are not guaranteed to be better than SPY.
I remember so many posters quoting Merriman, saying yo…
@hank
Diversification doesn’t guarantee better returns. Generally, diversification reduces risk and lowers longer term performance. If you can, throw 100% into a single low cost S&P index fund, shut your eyes for 40-50 years while ignoring the m…
@larryB,
I don't know what your problem was, but mine was usually answered.
Maybe it's time to transfer. I have done it several times between Fidelity and Schwab and why I keep them both.
The nice thing is that I got a nice cash bonus each time, and…
First mistake: using a chat. Always call, no ifs or buts. It's faster to get results.
Second mistake: call your local assigned rep, and let him/her lead you. You can also ask to talk with the local branch manager.
Third: CALL, and ask to talk with t…
OK.
Take 2.
1 if you're a purest.
2 if you're a traditionalist.
3 if you're an experimentalist.
5 if you're a conformist.
More than 5 funds, you should have your keys taken away.
c
Excellent. I'm going to frame this. :-)
The key word in Random Walk was COULD but why would anyone do it?
The SP500 or VTI beat most manage stock funds and definitely individuals over long term.
Malakiel, Bogle, and Buffett all agree.
Add to it the fact that these fund managers are traine…
The answer - 11 (prime number).
Why stop at 11, 13, 17, and 19 are also prime numbers.
But I like your Prime thing and why I have used 2,3 in the last several years and 5 for many years.
Concentration by itself doesn't work. I have been using concentration + momentum + best risk/reward funds + being in the right wide-range categories.
Since I started in 1995, there have been three long term cycles
1995-2000 + 2010-2020 = US Large ca…
I based my system loosely on 3 Buffet’s rules but adapted it to funds: Rule No. 1: Never Lose Money. Rule No. 2: Never Forget Rule No. 1 and Rule 3: Diversification is a protection against ignorance. I added a fourth rule: momentum. I also liked Bog…
I think that most investors would generate similar to better results over time by using up to 5-7 funds, mostly indexes, hardly trade, and rebalance...all based on their goals, style and risk tolerance.
I never believed in any of the above, which is…
Ok, I got it.
MM pays now 5+% but for years it pays under 1%. A couple of year from now it will be much lower. I can always find pretty good risk/reward bond funds but that's my specialty.
Logins at 4 weeks interval and not interested too much tell …
Just like FAIRX,SGIIX,OAKBX during 2000-10, and later 2010-17 mostly in LC tilting growth, I slowly changed to bonds, by selecting PIMIX as my first bond fund in 2010 and increasing it to over 50%, but I sold in 01/2018 and never looked back.
Then …
stayCalm
That said Fidelity and Vanguard imo are still better imo because one is not forced to manually enter a 2nd MMF trade for every single buy/sell.
Most should don't trade, and most shouldn't own MM.
This is such a small thing, no need to worry…
Catch 22. If your investing knowledge is below average, you don't know if your RIA is good. If it's above average, you don't need one.
RIA is a jack of all trades and a master of none.
Anytime you need a real advice, you need to see a real pro. For …
How is the above possible when you don't know what the sale proceeds will be(or even that the sale will actually go through) or do you do a conservative estimate and sweep up the remaining next day?
Well, pretty easy. Suppose you own US LC, before c…
Schwab relies very heavily on uninvested cash from customers -- don't know why there is confusion around this. Not offering auto sweeps into a MM fund like Fidelity and Vanguard is not due to Schwab being lazy, it is central to Schwab's strategy. Al…
This week is why I always maintain small cap exposure in my portfolio. My small cap fund (FDSCX) has made huge gains this week, over 3% today alone. Big gains (and losses) tend to happen very quickly with small cap funds.
It's "only" 290% behind QQQ…
I held 3 funds most of the years between 2000-10...FAIRX,SGIIX,OAKBX because the SP500 was not good (it lost money for 10 years). In 2010, I replaced the above funds with US LC tilting growth. So, I want to thank Bruce.
I don't care how good any m…
It's pretty sad and going on for years. Be scared of US LC, especially the MAG 5-6-7
But let me sell you NOW Value, SC, EM and CEFs.
Wait, last Dec the "experts" told us that the Fed is going to cut 5-6-7 times, buy Treasuries. VGIT is finally at 0.…
"Dovish may be for rates but not for equities where the action really stunk."
mmm....the SP500, the most known index in the world, looks pretty good to me, at making "only" 17+% YTD...(https://schrts.co/KgUBfiaZ)
Maybe ...... https://www.cnbc.com/2024/07/05/us-treasury-yields-flat-ahead-of-key-jobs-report.html
That's what I was thinking
Next week, rates may go up, and the explanation will not look great. These articles explaining stuff can be generated by…
