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WABAC

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WABAC
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  • I closed all the Vanguard positions in my IRA when I left Vanguard and moved to Fidelity. They included three of the four funds mentioned. I was too late for the Primecap party.
  • The big Bluff was shot down. He can't really revive this, but his ego might force him to try. Is the US border "safer" with 10K Mexican soldiers stationed there? Not confident about that one. It's their Guardia Nacional. What could possibly go w…
  • Was it all just a performance to make the China tariffs more digestible?
  • Some genies won't be going quietly back into their bottles: https://www.thecanadianpressnews.ca/national/b-c-critical-minerals-being-diverted-away-from-united-states-david-eby/article_ff720605-b2b9-516c-8ef1-ccb547035ea5.html British Columbia's pre…
  • Doesn't look like much more than Canada had already announced: https://ca.finance.yahoo.com/news/trump-trudeau-talk-canada-braces-090038783.html Just a joint task force on organized crime. Didn't even have to mobilize their army on our border. LO…
  • Trudeau says tariffs paused. No details. No confirmation from DC.
  • There must be something about the combination of the names Tweedy and Brown that convinces some people to pay through the nose to own one of their funds.
  • Mr. Trudeau on line 1. Mr. Starmer on line 2.
  • I haven't heard that Trump wants Mexico to be the 52nd state in the union. And no way he wants people thinking about the price of avocados and beer during the Stupor Bowl.
  • Mexico on hold buys Mr. Market some breathing room. The next shoe to drop will be the results from the afternoon call between Trump and Trudeau. Stand by to stand by. Stay tuned. etc.
  • I am already at 41% equity in the IRA, though not specifically due to the current occupant of the White House. I am tempted to dump my IRA position in IYK, plus smaller positions in GRID and FIW that would take me to the low-mid 30's. I'll see ho…
  • I wouldn't be surprised at anything that happens with tariffs in the next 24 hours, including nothing at all. In the meantime, aside from tech, Mr. Market doesn't seem too happy about this ukase. While I was typing the above, the NASDAQ threw in t…
  • Wall Street wants that 17.64%.
  • Flush it. Is air travel safe? Inane window dressing doesn't beautify the pig in the trough any more than lipstick.
  • @WABAC, I worked in both large public and large private companies. There is a lot of grifting in large public companies. With our conversation, all my unpleasant memories about this came back flooding (I happen to have a short memory for unpleasa…
  • Thanks for sharing. Good reminder that grifting in Corporate America is as old as money. They gave MacReady a grant. Of course he used a lot of Dupont products, IIRC. In this particular case, somebody at Dupont understood the friction of large orga…
  • Will DeepSeek be the pin to the bubble? Stay tuned. YBB, Necessity is the mother of invention. US companies have lost their minds with unlimited access to capital and Nvidia chips. So, they did not have to be disciplined. A $500B joke! Corp…
  • Looks like prices aren't being updated to watch portfolios at M*. They're showing UTES up .47 cents.
  • Will DeepSeek be the pin to the bubble? Stay tuned.
  • Look at who are predicting 6500 - 4 of 5 largest market participating banks. That is 6.5% from here. Probably easier to make that much with reasonably comfortable bond funds. David Giroux’s 5300 is a 14% drop from here. So many members of this…
  • @WABAC- I love that! :) :) I think I would probably feel sorry for the poor bastards that have to deal with these sorts of issues if I knew the gory budget and staffing details.
  • @WABAC: I also have a small stake in my taxable. PAVE represents much bigger positions in the taxable and our 2 Roths. BTW, do you think tariffs would affect overseas power generators, or related firms? I couldn't tell you. But I'll bet that folks i…
  • GRID has been strong lately, perhaps related to comment above about AI needing more electricity. It's just over 50% non-US. I have started a small holding in the taxable, but I wonder how the tariff thing will work out. Might be more buying opportun…
  • I'm glad to hear you are looking at water. But it's really hard to get past PHO or FIW in that category. In the same vein, you could stretch the infrastructure theme a little by including an industrial like AIRR, and a little more by including EVX.
  • Took some extra cash and put it in FLOT after reading about it on here. Not much more than MM but as I tell my kids. It's just a couple clicks. I finally got my daughter to move money from a bank to VG MM after telling her the interest rate differen…
  • May be do us a favor and post how PRWCX positioned its bond sleeve. On a separate but related note, Nomura is expecting 10 yr to hit 6% in 2025. Gloomy Bloomy says that is similar to TRP’ forecast, without saying what TRP’s forecast is. PRWCX is…
  • As of today's purchase of FLOT in the IRA, my bond holdings are now (with rounding) USFR 11%, VRIG 8%, PULS 8%, CBLDX 7%, CBRDX 7%, FLOT 7%, MNHAX 4%, and FFRHX 3%. PRWCX holdings are not included. That's a bit of a dog's breakfast, to put it mild…
  • In the IRA: Seemed like a good day to sell micro positions in ICLN and GGSYX for micro losses. I just don't see any reason to expect a turn around any time soon given their global exposure. I continue to hold GRID and its micro gains. Given its for…
  • @Old_Joe, I first came across it on Apple News that I subscribe to. It explains the bond world in details with relevant graphs on each points. The rise of long treasuries (10 years treasury for example) since last October to near 5% today has negat…
  • @WABAC On the Osterweis (OSTIX) quarterly webinar today, they mentioned staying short, 1.5 years because they’re not being sufficiently rewarded for taking on additional duration risk. Thanks for the info. We have that in my wife's IRA. Not just…
  • Did the WSJ have any words of wisdom besides reporting the situation?
  • Sold DODIX and invested in ICMUX with the funds. In October ‘24 I had thought DODIX would be an appropriate place to re-enter intermediate bonds in 2025. After the last few years in bond fund land, my patience is short (as will my bond fund duratio…
  • Neither wife nor offspring look at their portfolios, I don't charge anything to do standard stuff for them. So it's going ok. I spent some time trying to figure out their risk tolerance and investment druthers. I do have long talks with them from …
  • I am reminded of Mike Tyson: Everybody has a plan until they get punched in the mouth. Nothing out there motivating me to get in the ring with Mr. Market at the present time. Some moves to the upside might make it easier for me to dump some of the…
  • Increasing leverage? Complex investment products? Heaven forbid. Another Minsky Moment in the wings waiting for the cue to begin the last act.
  • By the way, we prefer direct communication with shareholders and do not mind multiple inquiries. As I have mentioned in the past, the discussion board has limitations as communication medium. The first sentence seems a reasonable suggestion to me. …
  • @WABAC, You know the guy likes to work the crowd (requires hyperbole). If Hollywood producers offered him to play the President on the screen, he could not have cared less for the responsibilities of the real one. I do not think he really has a…
  • USFR rate is a nominal fixed rate (assume zero) + weekly auctioned 3 mo Treasury bill rate. My guess is Trump will put pressure to lower this to at least 3% by the end of 2025. No doubt. And he wants the oil companies to drill until they're givi…
  • GLIFX/GLFOX is old-timey infrastructure that I would put in the category with widow and orphan investments. It's pretty much The Electric Company, Waterworks, and the Pennsylvania, Short Line, B&O, and Reading railroads. I still own a chunk of…