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.
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…
The options market is big, opaque, listed, Over-the-counter (private transactions), complex and because of the option expirations, constantly changing. It's hard to get a sense of just the trees, let alone the forest. Huge doses of humility are call…
Crypto mining (not dying) uses up a lot of power. Now, AI uses a lot of power. As humans do less manual work, more power is needed. What I have not been able to figure out is how to invest in this growing need and letting PRWCX and BRK invest in …
@WABAC, just curious, how many funds do you own?
Down to 35 In the IRA, and only 27 in the taxable. There are at least 12 funds I would love to cut from the IRA. When the rate environment gets a little steadier, I'll be able to consolidate in that …
M* tells me the average duration on bonds in my funds is 1.94. And that's after including VWINX, VWELX, PRWCX, and FBALX. So that might say something about how I feel about interest rates. :)
As for macro calls, I definitely pay more attention to…
@WABAC,
You have been busy!
FWIW, when I learned about XMHQ from you, I sold my FSMEX and bought XMHQ but I know you already own a lot of XMHQ.
Do you mind sharing your thoughts on why you chose SYLD at this time? Thanks
I already had a position…
Cleaning house in the IRA.
Sold VWINX. Had it for a long, long, time. Oh well. Proceeds will go into PRWCX and FBALX. I still have VWELX until it benefits from those falling rates we keep hearing about.
Sold PARWX. It's just not the fund it used t…
Ain't that the AI already?
Reads like kids trying to fill a five page book report, if kids even have to do that anymore.
So what we get is AI sounding like people in their late 60's, or older, that had to write book reports in grade school.
Any…
There are a few pilots on the board. Have them log, hmmm, 10000 hours in the air with the rest of the board, and several layers of management. Would probably be best to arrange this over areas of the west that are sparsely inhabited. Better yet, ove…
A while back we bought the Angela Lansbury 12-year "Murder She Wrote" DVD set. We watch a few every weekend. Good fun.
Quite the wicked creature in Gaslight.
FMILX was a mutual fund. Just dropping X made it into something bad - lookup "FMIL slang". There are several strange or funny or cute tickers, but this didn't seem to be that. While at it, Fido made wholesale changes to format FFxx.
Yogi: Fido chang…
@WABAC: we both hold XMHQ. I was surprised to find SMCI as its top holding. Surprised because the same stock is the top holding of two of my go-go growth funds. Haircuts ensued last Friday.
I read that SMCI is moving to the 500. I guess we'll stumbl…
I have not sold any health care, yet. Would love to sell XBI and PTH, which make up a minuscule portion of the IRA. Still a ways to go before that happens. Bought high on those.
Still having fun with FSMEX. Bought low in the IRA, and lower in the …
Of the ETF's on the Marketwatch list, three are one of my odder watch lists: WTAI and IRBO were both in the red this week. Both are barely showing a pulse YTD. The water ETF's I have on my list have easily out-performed them. EVX and GRID out-perfor…
@PRESSmUP, IIRC, the move to GPU's started with "mining" bitcoin, and stuff like bitcoin. If my memory is correct, it's interesting to me that "mining" never moved the chip market the way AI has.
I haven't examined the holdings of those etf's.
I do think there will be more to AI than chips or servers.
Here is a dinky linky to a back test of FSELX versus FSCSX.
That reinforces my non-expert opinion formed after reading nearly forty years…
The only time I regularly watched Wall Street Week was the six months, or so, I was tending bar next to a fifty dollar a month residence hotel in downtown Waterloo, Iowa. Beers were 35 cents, and shots were 90 cents.
PBS was the only thing I allow…
@WABAC …to be fully transparent, I own both of the funds I mentioned. For Jain, it works until it doesn’t.
I've looked at his funds. He seems to be the thesis and the category. Too much target risk for me when so many other funds are buying the sa…
"I'm happy to let my funds hold MAG-7s in controlled quantities. I don't need more of them!" indeed, and they pop up in unexpected places. They are a top holding in Rajiv Jain's international and EM funds for reasons I've yet to hear an explanation.…
No. Not joking. They ran at 300 baud. Even wikipedia doesn't have a picture of them.
When I first started at the company we were still using a specialized Cardex filing system to keep track of some data. One day the boss walked in and said "Why ar…
I was a Mutual Fund accountant many, many moons ago. Worked for a few different firms. They would price all securities using a feed just after the stock market's daily close (4PM ET). For any equities that moved > 5% from prior day close, you …
@WABAC: we both hold XMHQ. I was surprised to find SMCI as its top holding. Surprised because the same stock is the top holding of two of my go-go growth funds. Haircuts ensued last Friday.
I'm doing to stock funds what I recently did to bond fund.
…
”If it's all about the Mag 7, why is XMHQ up 11.24 YTD? Why is GRPM up 8.18? “
I have absolutely no idea. A few of us were just grousing among ourselves quietly over in the quaint OT section (which resembles a dark alley) and somebody had the b…
Wouldn't actual Marmie Coxists be in the upper left quadrant? Leftwing authoritarians.
That is correct, up there contemplating their dialectical materialism, and how to send everyone else to a gulag.
@WABAC - What is SPGP?
Nevermind, I found it.
Like several Invesco funds, this one had a different ticker and strategy until 2019. Something to keep in mind since M* and Lipper don't note the changes.
Had some money sitting in the taxable from the sale of some Vanguard indexes. Started to spend that today. Might spend a little more later in the day.
Bought AMAGX, which is about the best of the LCG OEF's available to me at Wells Fargo for no fee.…
