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.
Time to bring out Devo's replicating portfolio exercise.
A 50/50 portfolio of LCORX and RPHYX generate a beta of .26 over ten years. So the clone is 26% SPY and 74% the 3 month T-Bill. Here is the result: Dinky linky.
The second portfolio recommen…
For existing positions only or wide open??
Wide open, for a mere 35$ simoleans.
I was looking to see if they had DODBX, and up popped PRWCX as an open fund.
It is our goal to leave taxable investments to our heirs.
According to Section 1014 of the Internal Revenue Code, if a person holds property at death, it will receive a new basis equal to the fair market value of the property at the person's date of…
The only rules we have to worry about at the present time are RMD's. Well, actually, we don't have to worry about them until 2029.
It is our goal to leave taxable investments to our heirs.
You guys are pouring on the pessimism a little thick here, don't you think? Like Emily (below) I'm planning for a future that's a little brighter.
I don't know who Emily is; but if you own your house, and your cars, free and clear, it's a lot eas…
@yogibearbull, the current number I ran from the closing prices shown at M* last Friday. Sounds like I was in the vicinity of the right numbers. I find that site heavy going. I wasn't quite sure where to look.
The purchase date was 2011-8-12 if an…
If I understand @yogibearbull's chart correctly, USAGX was at .227 when I first bought it a few months before Mark Johnson retired. It is now at .091. GDX:GLD was at .32 when I first bought USAGX.
I wonder if all those people fleeing mining funds come from the boat I'm in. USAGX is up 30% over the last 12 months, and would have to nearly double in price to match what I paid for it in August 2011. If I hadn't bought again in 2017 at ~1/3 the p…
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.
Despite the recent flood of criticism, I've been using 2 covered call funds for a number of years and feel they serve their function quite well within my portfolio. I do prefer funds which write calls to a nominal portion of the portfolio. DIVO (a …
Well, I guess that MERDX doesn't mean what I thought at first. :)
It was a Kiplinger top 25 back in the days under Rick Aster. IIRC they were based in Marin County.
Despite the recent flood of criticism, I've been using 2 covered call funds for a number of years and feel they serve their function quite well within my portfolio. I do prefer funds which write calls to a nominal portion of the portfolio. DIVO (a …
and super micro being looked at sideways...any chicanery going on there?
They have a history.
They were just another vendor advertising in The Computer Weekly in the Bay Area before the internet. Always wondered why people got so excited about…
In the IRA: Added to positions in THOPX, WSHNX, and MNHAX. Sold positions in VRIG, VNLA, and GSY. Bought new positions in USTB and TBUX. I'll consolidate the short-term funds as things become clearer to me over the coming months. I am considering LM…
@WABAC: one could infer from your experience that all the other holdings in your IRA went up so much that the precious metals now represent only 1.24% of the account. Look on the bright side!
I do. But I can't brag about success all the time. :)
…
Gold keeps rising....the typical gold bar (~400 troy ounces x $2,500 spot price) is now worth $1M.
Of course, I keep my bullion stacked in a little fortress formation in the middle of my concrete panic room. ...just kidding
With USAGX I was abl…
"I didn’t sense as much angst among the public back then over rising prices as today. ... I think it came on gradually over many years and people got used to it. They say if you put a frog in a pot of cold water and heat it up to a boil slowly the f…
"It wasn't until fairly recently that I became aware that I had helped build an enormous coal-fired generating complex. Who knew?"
@Old_Joe, that was the Navajo Generating Station, and it was demolished in 2020, so it's no longer messing with regi…
This constructing of a look-a-like mix of investments to match an existing fund seems ludicrous to me. Isn't that what an over-all portfolio is supposed to be? It is obvious there are different ways to get the same results. A little of A added to a …
Seems like a good time to build a replicating portfolio for LCORX. Devo describes the process at this dinky linky.
Portfolio Visualizer gives us ten free years of data, and over that period of time LCORX shows a beta of .49. So we're going to test …
@WABAC, i do not follow your use of spiked in the last sentence. Do you mean you are not convinced inflation is under control?
Spiked, as in stuck down by something sharp that was hammered into place.
Inflation is heading in the right direction fo…
Thanks. I did not realize it is an ETF. @WABAC talks in code sometimes and I overthought that one.
They could label it SSCC for soap, soda, chips, and cigs.
@rforno, I think people like your friend are probably rare. I'll admit that observing other people's shopping carts is not a reliable survey. But, I think the food industry will keep the GLP-1 companies well supplied with customers at least until th…
@rforno, I think people like your friend are probably rare. I'll admit that observing other people's shopping carts is not a reliable survey. But, I think the food industry will keep the GLP-1 companies well supplied with customers at least until th…
new medication will improve lives and reduce junk food consumption.
What a strange world we live in that we have to buy expensive drugs to save us from consuming stuff that should rarely go into our shopping carts.
@Observant1, I suggest you read this article by Devo, and go through the process of creating a "replicating portfolio." It's a useful exercise to evaluate any fund that advertises risk reduction. If your chosen risk reducer comes out ahead of the SP…
It's interesting--to me--to ponder the enthusiasm for this tactical-allocation fund on the ink-buying side of this site versus the disdain for option-based funds.
@Devo
LCR YTD performance at 5.82% does not jump out at me in view of the below YTD performances
Kinetics Global: 41%
Calamos Global: 31%
SPE: 21%
QSPRX: 20%
CPIEX: 26%
COAGX: 21%
QLEIX: 20%
What a year. FSUTX is up 19.42 YTD.
@WABAC- Well, to answer the original question, you appear to be gruntled. Me too.
Interesting word. Disgruntle came first.
I gather that the roll-call vote will be on Thursday. Still plenty of time for Harold Stassen to run. :)
@Graust, you said:
is anyone (Democratic voters) frustrated by Vice President Harris being chosen by a small group of Democratic leaders? We have said this in our house a lot, and how it seems non-Democratic.
Your description of the process is wron…
Seems like a solid mix to me. Why did you start with those funds? What is prompting you to consider diversifying?
Go to the library and check out some books on investing in mutual funds/etf's. After that, identify useful tools on the internet to h…
