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.
When I rebalanced at the end of last year I still had a 50-55% stake in equities. This is simply one of the funds I chose to hold onto. Given its strategy -- it's a value fund -- I had no expectation it would behave like utilities, staples, infrastr…
I've owned DBLSX and pretty disappointed with its performance over the past month.
Something from Payden, or Baird, would have been more sensible. Looking at our IRA's as a combined pool, it was small flyer in the total bond sleeve.
I have no pla…
Most of that stuff is probably made there. There were reports early on that China was prohibiting exports of things like masks "made by" American companies in Chinese factories.
So maybe American business will take their business someplace else. S…
From the article in the OP:
Some investors expect the Fed and the U.S. Treasury - whose job it is to work together to keep the U.S. economy on a steady footing - to reach further down the ratings ladder to help non-investment grade companies. At pre…
The Navy holds officers to a high standard. It used to be the case that running your ship aground was a career ender, even if the local harbor pilot was making the "suggestions" at the wheel.
And IIRC, all the commanders in the recent string of inc…
They're betting the Fed will buy enough bonds to keep everyone from defaulting. Or maybe the risk of default is over.
I think I'll not follow the crowd on this.
YTD in my IRA: FIPDX +3.47, FNSOX +2.38, TSBRX -.65, DODIX -.91, DBLSX -4.6, and BILDX -7.3.
In my taxable: AZTYX -2.37, VWLUX -3.56, DMBIX -4.03, and VWALX -6.13.
Wife's IRA, which is at a different place than mine: VAIPX +3.36, VFIJX +3.30, VS…
Thanks for the link Mark. Seems to me she has a hold of more of the elephant than some I've read. Maybe that's confirmation bias at work.
I am kind of surprised that she didn't get into Smoot-Hawley and current trade wars.
VDIGX seems to have held up admirably through this excitement.
Grocery stores are hiring lots of people.
I don't think people are interested in cocooning for the rest of their lives. We might have to wait for a vaccine before people start getting …
I go shopping when there are fewer people about. Typically mid-morning after the lines have cleared out, and before any lunch-time surge. I always ask the clerks when the fewest people are in the store. Our local Trader Joes will close the door when…
I am not a trader. And generally I don't buy funds that do a lot of trading. I don't think there are all that many extra-smart traders out there after expenses.
I tend to stay invested in my taxable investments. I plan on leaving that behind, altho…
Somebody once said that if you’re comfortable with everything you own, you’re not diversified.
I'll sleep better tonight. Seems I'm diversified out the wazoo.
;-)
@Catch22 Why would utility funds like FSUTX have dropped over 20% YTD?
PE ratios were high by historical standards. Prices were bid up because almost everyone was looking for "safety" and yield.
Then, when the poop hit the windmill, almost every…
I bought Fidelity's version as an inflation play. So I leave it alone in case inflation comes back. It's the "fun" side of my TIPS fund.
I'll admit that it's hard to ignore the whimpering right now.
However. As I understand the thesis, if interest…
I want to get through the bar-room brawl of corporate debt before I start thinking about the way the world looks after corona.
I'ld like to think about how the world economy works without every part of the world economy on a central bank ventilator…
I spread it evenly across most of the equity caps and sectors I cover with mutual funds. I'm no stock picker.
I'll add to the bond funds when there is some profit to rebalance into them. For now they are on their own.
I have not added to any of th…
From The Guardian:
"Trump signals change in coronavirus strategy that could clash with health experts"
And now as Trump and his friends take note of the damage to their hotels, golf courses, and other investments he begins the waffle dance: Maybe …
From the link:
Since I don’t think I can outsmart the market, my usual investing strategy is just to take the money I don’t need to use right now and park it in low-fee, broad-market equity index funds; set it and forget it, knowing the equity marke…
This post has been edited to correct my description of the fund's implementation of its strategy. I should have gone directly to DoubleLine to begin with. My apologies for being lazy.
It is a value play, if I understand the methodology correctly. M…
Huh.
Curioser and curioser.
All this bond stuff seems full of more . . . excitement I suppose . . . than it ought to. I thought they were supposed to be boring.
I live in rural Michigan where there are no big corporations and people do not generally feel the victims of them. Here people love to own land to hunt or ride on and many work for or own small businesses.
Do they form LLC's to enjoy all of that? …
I think people tend to conflate libertarians and Austrians with a lot of other people and ideas on the right.
But hey. I know "conservatives" that think I'm a downright "communist" because I voted for some Democrats.
Politics are closer to an M* s…
Thanks for the explanation Mark.
Seems to be a lot of residual walking on eggs around here. Or Stockholm Syndrome.
Probably just as well I wasn't around then.
OK. It's off-topic. I'm new here. Are people touchy about that around here? What's the big deal?
Anyway . . .
Yeah. Never let a crisis go to waste.
I don't see much chance of it getting through the House.
It's the stuff they think they can do …
Solid points Sven. The market has been sketchy for a while. Corona just lifted the blinders. Violently.
The analogy that has stuck with me over the years is to avalanche conditions. The snow is on the mountain. We're just waiting for the sound in t…
Does anyone know how much the market rallied back in 2008 after the bailout was announced?
You could zoom in on an S&P fund chart at M* to get a sense of that if you knew the date.
I'm not sure if many of us could buy this fund at par. Institutions by purchasing in mass quantities would immediately drive the bond price up reducing the effective yield to near the effective yield on the 30 year treasury .
With my limited imagin…
I think people tend to conflate libertarians and Austrians with a lot of other people and ideas on the right.
But hey. I know "conservatives" that think I'm a downright "communist" because I voted for some Democrats.
Politics are closer to an M* s…
@wxman123 Boeing will definitely 100% survive. This is an icon of American industry... People said the same thing about Lehman. There is no definitely 100% in finance.
Lehman wasn't a defense contractor.
When Boeing is bailed out, I hope they appl…
