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Can't say I've sold anything specifically to go into MM's since I have always held more cash than most. I have some cash parked from recent sales of equity funds that I plan to redeploy into equity funds. But not today. :) Maybe not Monday either. …
@BenWP, thanks for the education about MOAT. Mainly I'm just amused at the terms people use. After all, it was the manager of QLTY that described the stocks in his portfolio as battleships with MOATS. I was wondering if he had to pay M* for using th…
A brief story on QLTY and active etf's at CNBC that is not behind a paywall.
According to GMO’s website, as of November 17th, the ETF’s top holdings include Microsoft, UnitedHealth and Johnson & Johnson
″[These companies] can do things competit…
@WABAC: we are organic coffee drinkers and my wife buys from Aldi who offers good Peruvian or Honduran beans. I prefer a much darker roast, so I order online. $10 per lb. for good organic coffee is a good price these days.
My daughter alerted me to…
@WABAC, German Aldi has 2 parts - Aldi Nord (North) and Aldi Sud (South), run initially by 2 sons of the founder, but now both controlled by family foundations.
Aldi Nord runs Trader Joe's
Aldi Sud runs Hofer, Winn-Dixie, Harveys Supermarkets
I…
I buy coffee at Trader Joe's. Seems pretty reasonable to me so far. But they keep cutting back on products I used to go there for.
And now there's an Aldi's just down the street. I'll have to see what they have. I now buy all the dairy from them. …
and buying insurance companies (and their retail deposits) on the other side to get equity capital and debt capital respectively. But I still have doubt on 20% returns. Even Buffett cannot do it.
That's unsettling.
@WABAC, I am not quite following your thinking regarding your sale of PRBLX. As relates to a 500 index fund, PRBLX has 34% in the M* LCG style box compared to 40% for a VFINX. PRBLX also has a slightly lower beta and SD. Are you also saying that a 5…
@hank, next time, give ebay a shot.
Easier to read. Better user-protection. I don't work for ebay. And I have no idea if I own any of their stock. Just been shopping with them for years trouble-free.
As with TCAF, waiting to see how it compares to other etfs at https://www.etfrc.com/funds/overlap.php
Fifty cents seems like a lot to pay for a fund holding the positions shown in the download at GMO.
Did some sizing in the IRA today. Sold PRBLX. It has drifted too much into growth and volatility for me. Not sure where the proceeds will go..
Good call on PRBLX - I got out last year b/c of that same reason. Your timing is good for tax planning s…
Did some sizing in the IRA today. Sold PRBLX. It has drifted too much into growth and volatility for me. Not sure where the proceeds will go. May get split between balanced funds and IYK. I also hold DODGX and VDIGX, but I'm not feeling the urge to …
"I wasn't judging him, but I sure was sizing him up", know what I mean?
The place where I work out caters to an older crowd. The stations playing on the tubes are about half dedicated to the old westerns some of us grew up with. Lots of sizing up go…
@WABAC- Well sir, now we're even- I had to look up "hairy eyeball". Found out that "hairy eyeball" is what I frequently use on my wife...
I would have thought it was the other way around. :)
@WABAC, it's the non-selectivity of SC indexes that is the problem (not just Vanguard index funds). This is true of R2000 and Extended-Market/Completion indexes (Total market minus SP500 or R1000). In being comprehensive, these SC indexes have lots …
@WABC- "sizing" is sometimes used to suggest comparing or evaluating, as in "he sized up the two characters, and didn't like the looks of either".
When we visited Tombstone I found it to be a town full of cosplayers sizing each other up. One little …
Suppose one makes 100 predictions and bets on $1 on every prediction thats one thing. But of course a trained market participant should do better. It’s not just the prediction but also a matter of how the market is priced for that prediction and as …
I find it useful when people make predictions. In fact I find it most useful when their predictions are outlandish. Every one in the room knows that outlandish predictions are for publicity. But included with the predictions is usually a theory if y…
I also own NEAGX/NEAIX for SCG coverage. ER is high, especially for retail shares. Otherwise, no reservations. SCV is a head-scratcher. CALF has a lot going for it and Pacer Funds, which include COWZ, are exemplary in explaining their free-cashflow …
Yes, I steer clear of small cap. It's the volatility. But looking at the portfolio in AVALX, I uncovered Ardmore Shipping out of Bermuda. Looks interesting to me. I don't want to be TOO diversified. "Diworsification," eh? But I have a long way to go…
What happens in 10 or 15 years?
I like smalls, and always hold some. I wish I had owned FMIMX all that time. But it always looked so boring. M* calls it a mid-cap, but it's currently 67% small. I own some now, and I expect to buy more in the futu…
Since this post has been bumped . . .
Prof. Snowball's thesis in his column:
in every measure of returns, more equity is better. In every measure of risk and of risk-adjusted returns, less equity is better. Several earlier MFO essays on the discree…
@BaluBalu, I have assumed that TGN stands for The Great Normalization, of interest rates presumably. But that's just a guess.
And you make an excellent point in your last paragraph. I'll add that it helps to buy something you're comfortable holdin…
Thanks for the education @yogibearbull. It is always appreciated. Out of curiosity, I'll rerun the COVID and TGN test with the proper start months a little later today.
Prof. Snowball listed a number of funds in his piece. FAGIX came to mind as a m…
Who will feel the greater pinch first? Employed consumers, or debt-riddled zombie companies?
I keep seeing headlines that the Fed is out to get the zombies.
Equities have been enjoying bounces after the Fed doesn't raise rates. And then Mr. Market looks around, and gets bummed out because everyone is still socking it away in ST bonds.
Maybe this time will be different. But, next month we get the debt c…
Does it matter that the 8% mortgage rates have resurfaced with real estate prices at substantial multiples of where they were bought in the past cycle when rates were there and where incomes haven’t grown at same multiples?
I'm sure it matters a lo…
PEOPX and DSPIX are two different funds, not two share classes of the same fund. PEOPX is projected to distribute "just" 5.7% of NAV.
Useless trivia: PEOPX ticker comes from the Dreyfus fund's old (1990s) name: People's Index Fund. (A fund for t…
