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.
Income investing is a myth that has been promoted for years. In many cases, the writer wants to sell you something. Income investing as someone's main/first criterion has no legs in reality because TR=total return (performance) is the ultimate indic…
China has a lot of problems. Among them:
https://finance.yahoo.com/news/end-made-china-crippling-world-050000386.html
Direct investment liabilities – a key measure of foreign direct investment (FDI) in China – plummeted 87pc to $4.9bn between April…
If the other shoe is dropping, it would be interesting to know if anyone here changed their investments based on that.
The shoe never stopped dropping. People just took their eye off it while AI animated the reporting of the financial press on Mr. M…
I started reading for 5 minutes & came to the conclusion he was trying to sell something.
Was I right ?
Wouldn't take much longer to read to the end. And he isn't selling anything specific in this one post.
It comes off as everyone talking abo…
It's a name change. https://en.wikipedia.org/wiki/Schnitzer_Steel
People new to scrap don't associate the Schnitzer name with anything.
Folks with longer memories may have negative memories
Not too long ago we were all talking in a thread about "the market" going sideways for a decade, or more.
Now we're being told that we should all invest in the 500, like Buffet "advises" his wife to do when he dies. Which sort of misses the point t…
Sorry to hear about the COVID. Prayers for a speedy recovery.
I hope this isn't a widespread issue in Scotland. I have relatives over there for the Fringe Festival.
In the meantime, I continue to get unexpected pleasure out of that picture of the…
The main problem I have with Benny Moore is that they don't give you any numbers to fit onto any color wheel. All their descriptions of color are subjective, if not romantic.
Sherwin Williams at least gives you RGB and Hex value numbers that will w…
Haven't bought paint recently. I buy Dunn Edwards when I do. They provide Munsell numbers on their colors which makes it a lot easier to do a great job -- assuming you're doing the proper prep work.
Benjamin Moore's color "system" requires an advan…
Well, how much cash in Munger holding these days, and how is his portfolio doing?
Heavy on cash. Best recollection is north of 20%. Around 40% of their equity stake is in AAPL.
Berkshire lost a bit in 2022, but has done very well this year. Bet…
@BaluBalu: Thanks for that link. After doing my best to understand what this fund purports to do and how, I wondered if the people in charge might be running a seminar at my local Holiday Inn for people like me.
LOL. Move to a bigger metro, or jazz …
I read it this morning.
Probably good advice for anyone interested in buying stocks. Probably better off listening to Munger than reading the daily stock-touting churn generated by Dziubinski for M*.
OTOH, IIRC, the edition of Random Walk I read …
We are spending time here to learn from one another if we can and maybe, just maybe, find something that might make us even more comfortable.
I don't believe that anyone has suggested that very high-income investing has better performance or even b…
It's 1999. You just bought Kiplingers mutual fund roundup at a local new stand. You've got 10K to invest. And you're under 30 with no kids. What do you buy?
Are you all excited about indexing? Tech? Bio-Tech? Did your parents, or grand parents, giv…
5.22 total return in 2022 for FSUTX.
Past performance, and future returns, and all that . . . But, widows and orphans rejoice.
I didn't get that FSUTX 2022 return. I had PRUZX, and one of the etf's, and I wanted to consolidate the ornaments on t…
Utilities, and consumer defensive, are kind of pricey at the moment.
I have rearranged my deck chairs into FSUTX. Just a hunch that it might be a good sector for active management going forward. YMMV.
Cramer the other day, without having to surrender your email, or whatever they want for his words of wisdom:
Cramer underscored the idea that investors must be patient and ask themselves what exactly they’re swinging at before they go to bat. He als…
What would be helpful would be an app or website that would analyze a given fund and sort out for simplicity the % of assets it currently has in components of the S&P 500.
You could at least sort out the top five holdings of etf's--for free-…
@hank, the higher sum is from January to June, as I said in my post. The more time that goes by, the more the disparity grows. Start the comparison from 2021 and the disparity is now 164 bucks.
Where you start and stop your year also matters. For e…
.25 sounds like a lot. And it is with really large amounts that are left untouched out to 5 or 10 years. For lesser amounts:
$20,000 invested 1 year would earn roughly an additional … $50
$50,000 .………..1 year ……………………………………….. $125
$7…
@hank, do what you're comfortable doing. Plunking down 10K in one shot is a lot of money for some of us here. Nothing wrong with dipping a toe in for free when you can.
de nada @hank. FYI I sold GLFOX the same day I bought GLFIX, so you shouldn't have any problems.
Unlikely there will ever be any sabrage for GLIFX, but ya never know.
@BaluBalu, was a customer for many years. Given the number of years they did not spend money on upgrades they raised rates to pay for, I'ld say you made the right choice. Sometimes making money is selling "too soon."
Through 2022, we increased "defensive" allocation including utility, consumer staples and health care (all ETFs). They are a hedge against a bad case of recession. so far, healthcare held up the best and utility lags the other two ETFs. I do not co…
Just to wrap up several recent themes . . . I added a 2022 column to one of the views in my legacy portfolio manager just to keep track of who did what in that awful year. Utilities and consumer defensive were winners for me that year when bonds wer…
Sometimes I think a lot of their strategy with things like the portfolio manager is there inability to keep them running smoothly. Can't fix it on your budget? Well, turn it into something you can manage on your budget.
I don't know. If there is a bond fund that returned 7.84 over the last 15 years, and 10% over the last three years, like FSUTX has, I'ld like to know the name of it.
Taking the new thread for a spin . . .
My foray into T-Bills came due today in the IRA. Used the proceeds to top off PRWCX and open a position in FBALX. I already have VWINX and VWELX covering the longer side of duration. These positions are now r…
I heard that line late one night. or early one morning, at the Marina Safeway towards the end of the 90's. One stocker talking to another: "If they start to go down, you just sell."I have a friend who used to live a block from there. Gave me a nic…
I heard that line late one night. or early one morning, at the Marina Safeway towards the end of the 90's. One stocker talking to another: "If they start to go down, you just sell."
@WABAC: I have hung on to FIW with no regrets. Of the « theme » ETFs I own or have owned, PAVE held up the best during 2022. The ones I sold don’t get mentioned.
PAVE looks like a good one. I'm all booked up on infrastructure with GLIFX. I was able …
@WABAC: ISTM that at the time you mentioned buying TAN, you also spoke of GRID. That was a great pick, up some 38% the last year. QCLN and ICLN, also clean energy themed, have both failed to put up exciting numbers.
GRID has been great. FIW hasn't …
