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.
Action in the IRA today: Bought MGOIX to equal roughly 6% of the portfolio. It has been trending nicely among the longer duration funds I track. I like the fact that it is not made up of the usual suspects.
I started small positions in several equi…
Decided to be contrary, and bought MGOIX as the last leg on the bond fund ladder for the IRA. It's a taxable muni fund categorized as intermediate core by M* and as municipal general & insured debt by MFO P/(Lipper). Like a lot of bond funds, i…
China has a lot of problems, including cratering demographics. That doesn't appear to have slowed down the desire to maximize productive capacity beyond reason, seemingly in nearly every human endeavor.
I am leery of this class in general in a slowing economy with increasing consumer stress, especially auto loans etc.
If the manger is exceptional, may work out, but i would be cautious and these things will probably be a lot cheaper in the near fut…
I think of an AI like Perplexity as a better search engine without so many ads--yet. All it does is scrape the internet.
Ten years ago few would have thought of searching google for the best mutual fund to buy right now, or, what is the cure for cl…
To begin with, I look at all of the money being spent on data centers, and then I recall all of the money spent on rolling out fiber before the dot.com bust. It wasn't just pets.com that blew up.
I wouldn't put new money into a fund like GRID, or …
@WABAC Thanks to you, & thread drift, I just found out about gas fired AC units! WE use an "older" high efficient AC electric Rudd. By the look of the summer usage on electric bill , it may be time to replace!
I have no idea how they compare …
@WABAC, interesting that our oversea funds/ETFs far out-paced that of S&P500. Same goes for bonds too on dollar term. For now i will take a wait and see.
I no longer look at etfs for bond funds. PYGSX is about as close as I can get for the du…
I love my induction hotplate. It adds almost no heat to the environment, which is a consideration during an Arizona cooling season.
I also like the ability to fine-tune the temperature setting. So I'm currently cooking something at 175, and if I …
A few thoughts come to mind . . .
I would like to see a breakdown of where that money is coming from. Is it some sort of flight to safety> Or is it wanting to get in on the AI boom?
I have a feeling that 30% of our equity market invested from o…
I am always suspicious of people that tell me we have to spend down our portfolios. Seems to me that is what the IRA is for. And if we can hang onto some of that, by golly . . .
The house is paid for. We're enjoying security we never enjoyed before…
Hey, have you thought about crypto? It's really popular.
Hey, have you thought about private equity and private credit? It's what smart rich people do.
I had fun with the query
Exactly! That's a big motivator in commenting on some threads.
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I wouldn't be here but for MFO P.
I spent some part of my working life selling raw data to people looking for answers. Some people asked better questions …
"On the one hand, one can stretch boundaries a bit to avoid lagging.
OTOH, one tries to avoid taking on fundamental risks regardless of how well behaved the fund appears to be. Performance, even risk adjusted performance is not the end all."
Very w…
So I queried MFO P with my morning coffee, because I like queries. Here is what I came up with:
Basic Info
• Asset Universe: Mutual Funds
• SubType: Bond
• Age, years: 10+
Index? No Index Funds
More Basic Info
• Share Class: All Classes (Note: Th…
When I have responded to the OP in this thread I have tried to keep in mind that he just might know his own druthers better than I do.
If I was looking to creep out on the duration limb I might look at similar constraints.
But, you know . . .
So…
So I queried MFO P with my morning coffee, because I like queries. Here is what I came up with:
Basic Info
• Asset Universe: Mutual Funds
• SubType: Bond
• Age, years: 10+
Index? No Index Funds
More Basic Info
• Share Class: All Classes (Note: Th…
I always tried to see at least one horse race at the Sonoma County Fair when we lived near there. But I grew up with horses.
Derby Day is always a good excuse to make a mint julep.
What about the Preakness? Have you got anything good going there?
There's a lot of cash sloshing around out there.
And betting! Look what it did for the NFL.
IIRC, horse racing was the best attended sport in the country up to the middle of the last century.
The IRA was essentially flat but for a dividend payout from THOPX.
There was some green in the taxable from the income-oriented side of my dog's breakfast of deworsification: RDIV, PEY, CSB, FDFAX, VEIRX, and VMNVX
@WABC. Rates will continue to lower if FED independence is destroyed. Seems that is going to happen and sooner rather than later. And if all the data the new fed gets is garbage , they can justify any rates the boss demands.
IIRC all the Fed cont…
The first "investment" book I read was The Money Game by George Goodman, AKA Adam Smith. I wonder what I would think of it now.
“If you don’t know who you are, this is an expensive place to find out.”
That still makes sense.
@dtconroe, knowing what you want is half the battle. :-)
Who knows where interest rates will be in December. I don't see how they get much lower if inflation doesn't start to drop. Continuing increases in inflation "in line with expectations" don'…
From the previously linked report::
The loan market has grown substantially over the past 20 years to $1.6 trillion in size, now exceeding the high yield bond market in total par outstanding. Concurrent with the growth of the market has been a gradu…
Lots of trader comments which just brings stress to my thinking. I just bought 2 CDs at 4 and 4.2% at my local bank, while they are available. Money Market rates are falling pretty quickly now and don't expect any of them to make 4% much longer. …
Sounds crowded.
I wonder how much spill over we're talking about when folks eventually crowd the exits. The internet tells me private equity is still under a trillion.
In the taxable: I sold SYLD. Since I bought it it has doubled down on small cap value plus shareholder yield. I already have enough different small caps to suit me.
There is plenty of dry powder in the taxable, so I will likely look around to put …
Anyone adding significant new money into US equities these days? To my mind ,,, it would take the balls of an elephant. I am not asking about trading but increasing one’s domestic stock allocation. Thanks for sharing your thoughts. PS. Just bo…
