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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.

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WABAC

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WABAC
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  • I hope the people that have been running Boeing end up in front of the same judge.
  • To achieve "absolute return" PVCMX relies on discounted cash flow (DCF) analysis. I learned that on their home page. Turns out that DCF is the formula behind absolute value investing. Does any other fund employ DCF analysis? MOAT does, for one: th…
  • PVCMX quacks like an allocation fund to me. The fund has never held more than 17% stocks. The stock sleeve just happens to be in SCV. The bonds are in T-Bills, and then there is a MMF and some gold and silver. So it came through 2022 in the green.…
  • What would be a bull market without speculative plays? Meme stocks, SPAC M&As, IPOs, ODTE options, cryptos, gold? It would be nice for my IRA if some of the animal spirits could spill over into miners and bio tech.
    in Trump Media Comment by WABAC March 27
  • Thanks again @Observant1. I always forget about the library option. I'll have to see if ours participates. M* used to have a fund similarity tool that was useful.
    in GQEPX question Comment by WABAC March 27
  • Speaking of G/O, they're having a fire sale.
  • @yogibearbull, Thank you. Much appreciated.
    in GQEPX question Comment by WABAC March 27
  • @Observant1, Thank you. Much appreciated. I remember when M* used to have a one page report, but I don't remember seeing one lately.. Is it a subscription feature?
    in GQEPX question Comment by WABAC March 27
  • @BaluBalu, DIVO offers monthly commentary. From an options standpoint, we were active and tried to capture premium as volatility picked up periodically throughout the month. We sold new calls during the month on Apple (AAPL), Caterpillar (CAT), Cisc…
  • @BaluBalu. You gave me a good laugh. I'll keep it on the watch list for now. I'll need some cooperation from Mr. Market before I have more cash to sink into equities for the IRA. And then I'll have to think about whether I want more of the equity …
    in GQEPX question Comment by WABAC March 26
  • One of the things that convinced me to take a flyer on SYLD is their screens only include companies engaged in net share buybacks. Their screens for shareholder yield also include paying down debt. I tried watching the video, but I find it hard to…
  • Buying DWAC in large quantities. I want it all to myself, so please refrain from buying. Plus, what a great way to support a fella that has gone through 6 bankruptcies, though is touted as a great businessman. All yours compadre. :)
  • Hi, @Mark, most people don't get wound up about it. When I was working, I often ran into the types that do. I have never been able to come to any conclusion about why some people gravitate to one system or another. But they all say pretty much the…
  • At the end of my non-profit career, I worked for an e-recycler; reuse being the highest form of recycling. I have had my hand on lots of different hardware, including vintage McIntosh; but that's another story. Apple operating systems are sound. B…
  • Thanks @Mark. I always like new sources.
  • @Observant1, etf.com is a great site for a quick breakdown on etf strategies. QUAL. JQUA @BaluBalu, hard to beat DGRW or VDIGX for the growthier side of dividend strategies. If someone comes along to tell me what I've missed, I won't complain. I…
  • @BaluBalu, PEY & SCHD look back 10 years. FDL (M*) looks back 5 years. Those are just a few that made it through to my watch lists that are based on looking back. Wisdom Tree has some interesting dividend strategies that aren't reliant on look…
  • So I was curious enough to look at VEOIX. For starters, it holds 19.4% of assets in the yuan renimbi. Darn near 20% of its equity exposure is to China. * Just looking at sectors, VEOIX isn't wildly different from GRID in its exposure to industrials…
  • Good stuff @sma3. I wonder about the S & G in "ESG" mutual funds that charge unreasonable expense ratios.
  • VRIG, USFR, are the main ones. THOPX, FATRX and FCFAX are another leg on the stool, and a dip of the toe into longer durations. Then there is whatever is in FBALX and PRWCX.
  • My dad used to warn me about breathing a scab on my nose. Took me a while to figure out what he was saying. Come a little closer and I'll just tear you a new one. Tough talk cowboy. And you wonder why you can't get good service? I am glad there …
  • One must always ask the proper question(s) to expect the proper answer. A major starting point. Naw, how 'bout I just reach through the phone and tear you a new one, instead? B***h. You're flipping out. People in that condition are hard to help.
  • If you like a good story, I suppose the crash and rebirth of GOODX is an interesting one for a magazine that needs subscribers. If you're looking for a fund that is darn near 50% financial services, here's your ticket. I just bought AMAGX for the…
  • One must always ask the proper question(s) to expect the proper answer. A major starting point. Mostly true, if you're dealing with humans. But I have read the same reports about banks that Yogi mentions above.
  • This is turning into one of those avocado-toast threads. I find that phone service depends on who I'm calling. Some is just fine, if you understand they have certain scripts they have to go through first--depending on your problem. Some is better…
  • All I ever get is an offer for credit cards. They did make me jump through some hoops to buy DIVO for my IRA.
  • @Crash, well, maybe the next time he has a customer transferring an account from TRP he'll ask the customer to provide a statement for each account. When I transferred from Vanguard to Fidelity, that was the first thing they asked for. For one thing…
    in Schwab move... Comment by WABAC March 15
  • ..... A week later. Still, we wait, even after providing the Statement they requested from the soon-to-be-former account at TRP. Smooth. Easy. Quick? Efficient? No, on all counts. Which side is the problem on?
    in Schwab move... Comment by WABAC March 15
  • @BaluBalu, I am now at around 70% equity in the IRA after living at 75% for years. The main change has been switching cash to bonds. I haven't noticed any major change since last October. I suppose some part of it must have to do with increased retu…
  • Proceeds from the sale of DSEEX in the IRA went into VRIG to get bonds back up to the 30% neighborhood. I have enough in USFR to suit me. I'm not wild about THOPX, FATRX, or FCFAX. I'm not interested in anything junkier. I would rather be reducing…
  • In the taxable I added to AMAGX, XMHQ, and VSMIX.
  • Wow. Love that Sargent painting at the end of the article. Nothing like that palette in his stuff at the National Gallery that I remember.
  • Agree @WABAC. I was just pointing out the chatter that CD's were called once in a lifetime investments that you would be crazy to miss out on and that bond funds could never return those CD numbers. Maybe you don't remember those posts, but I do. Bo…
  • @MikeM. The equity portion is covered with swaps. From the prospectus: The Fund expects to use only a small percentage of its assets to attain the desired exposure to the Index because of the structure of the derivatives the Fund expects to use. The…
  • Sold DSEEX out of the IRA today. I have no complaints with the fund. But it's a fee fund at Fido. "So long, and thanks for all the fish." It was 12% of my bond holdings. Now I need to figure out how I want to rearrange the chairs on the bond deck.…
  • Adding to Pressup's comment: The adulation for CDs is turning into lost opportunity cost in hindsight. Not the once in a lifetime proclaimed by some. Take a MFO favorite RSIVX bond fund for example: up +9.3% the past year. 3.4% in the past 3 months.…
  • @BaluBalu, conservative portfolio, low standard deviation, low Beta, low R-squared; and not dissuaded by M* calling it a Derivative Income fund. Here is what the prospectus has to say about that part of their strategy: CWP seeks to lower risk and e…
  • @BaluBalu, small position in GRID was deliberate. In my strange mind it is paired with FIW as part of my utility basket, where the main player is FSUTX. GRID has blown past the price I paid in November 2021. I also bought in July 2022. I have thoug…
  • Lipper categorizes DIVO as an equity-income fund. In that category it is an MFO "Great Owl." At the present time it is writing calls against four stocks in its portfolio rather than the entire S&P 500. For me, JEPI does not have enough of a tra…