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.
I thought of this thread while reading this piece from Reuters about the Fed's attempt to calm the bond markets.
I think they buried the lede.
The Fed also saw low take-up of the new loans by primary dealers. Banks borrowed only $119.5 billion fro…
Probably the nicest things M* Christine has ever said about dividend stocks in the 8-10 year I've been reading her.
She still can't bring herself to say utilities or consumer staples, even if half the home page is touting such investments in indivi…
As for bargains: at the risk of sounding like a broken record: Canadian BANKS. RY CM BMO TD BNS NTIOF. Down YTD between -27% and -42%. CM's div. yield is 7.08% tonight. (Morningstar.)
I met a Canadian financial advisor on a train trip ba…
@WABAC- same here in SF. 8.5%, as I recall, in 1975. Of course, income rates were a whole lot better also.
SF has changed a lot since those days. The inlaw that was our first stop in town at 19th and Pacheco is probably going for 8 times the rent we…
I'll start sniffing around when things start getting back to "average" PE ratios. Some of mine are still in the 20's --- though probably not after today.
Well. It's not like people weren't worried about liquidity before this started shaking out. It's why I leaned into shorter duration funds when I rebalanced.
And I always wondered how ETF's would fare in a serious rout/panic. But I never bought any.…
Look, if the home price is reasonable and the mortgage rate is great, what's the cost of the repairs... less than 1% ? You're doing fine... just but the damned thing and forget it.
Heck yeah. Based on what I know so far. That rate is practically giv…
Well, with a buy limit order at $260, after tomorrow I'll likely also have a small position in ASML. That ought to be enough to cause the entire market to drop at least another 20%. :(
I think about buying individual stocks.
I was at a backyard ba…
The symbol for the FMI fund is FMIMX
I was actually comparing FMI's international fund to the FPA fund referenced in the OP. So I think I stumbled to broken-clock competence on that one.
While the strategies are likely quite different, I am more co…
I do own some of the above funds.
WABAC, I think you may have had a typo on FPVIX. I do own FPIVX myself.
Thanks for the tip.
I should stick to typing them out the long way, and let folks look up the tickers if they're inclined.
The S&P is still above the weekly MA200 and the DOW is right on it. The Nasdaq is 1000 points above. All three 200MAs are still pointing higher. It's nowhere near a bear market yet
Are these the new metrics for defining a bear market?
Asking fo…
Sounds to me like people want cash under the mattress.
It's not hard to imagine given the constant chatter about government bonds going below zero, and liquidity evaporating elsewhere in the bond market.
I sold RYSEX last December after holding it since 2012. I keep a shadow portfolio at M* of everything I have bought so I can see how smart or stupid I have been.
Let's just say I don't miss it now. Maybe I will some months down the road. But I doub…
Seems to me like there is room for both VMVFX and PRGSX in a portfolio if one is looking for some global exposure.
Lipper calls the first a global small/mid cap, and the latter a global multi-cap growth fund. M* calls the Price fund a global large …
DODGX will be bumpy. But for me, the returns have been better than the S&P 500 since I bought it for my taxable (4/15/1991) and retirement account (10/06/2011). So I am happy.
Most of the experts I've ever read say you should have some exposur…
I'm not selling. Because I don't need the money to live on. Or to cover any leveraged plays.
I'm not buying, because I don't think these professional pundits understand what's going on here.
It's very easy to lean back and say that no one can pre…
I'll hold onto my powder a while longer.
I don't think Mr. Market is worried about Bernie Sanders these days. And he doesn't seem convinced that the Fed can make a bit of difference.
And after they do all that . . . The board, and senior executives, should be required to fly 2-3000 hours with third world pilots on the planes Boeing sold to their national airlines.
I dipped a toe into PRWCX before it closed. And I may buy more. But not yet.
So far, it is holding up better than VWELX, though the race got tighter this week.
"You can't beat the averages."
That's not quite what Rekenthaler wrote.
You are right of course.
I was just getting snarky about the general skein of advice they offer on buying mutual funds, and investing in general. When they aren't touting in…
I read that article this morning. It should come as no surprise that M* John comes down in favor of indexes:
Because averages.
Right?
Thus, active funds from the three large-company stock categories finished between 24 and 37 basis points ahe…
So something hinky is going on. A 900 point rally in 20 minutes on a Friday smells like rubbish. Oil down 10% today. Bond yields crashing and more rate cuts, possibly three in the next 6 weeks. Any of you looking at oil or airlines yet? :)
Maybe n…
I think the major issue is the evaporation of the optimism that was required to elevate stocks to historically unusual levels for the third time in the last 20 years.
Shiller's CAPE, Tobin's Q, Buffet's Yardstick, you name it; you can't say we were…
Remember how we were all told about the need for those tax cuts in order to create all manner of new jobs and increased production and so on and so forth. I fail to see much evidence of any of that occurring and you can't blame that on COVID-19. Th…
this is most interesting; I know the doc
https://www.linkedin.com/pulse/treatment-covid-19-coronavirus-re-purposing-common-castro-m-d-/?trackingId=0PK/T/AKSmiOMowrX+WOuA==
Makes more sense than many things I have read.
If it spreads like measles, most of that won't make any difference at all.
Does Doc Robb know how it spreads?
There may be enough hand gel for the world. But I doubt there are enough face masks.
Added to PRWCX & AKREX on Wednesday. May add some more beginning of next week.
PRWCX has been holding up better than VWELX, and several others, in my gaggle.
As long as we keep getting bad news about corona, I'm not buying anything.
Travel restrictions and quarantines are still ramping up.
We have yet to see what the mortality figures really look like in an open society.
Nor do we really know the l…
I haven't tracked the last three days specifically.
Year to date, aside from bonds and REITS, utilities and infrastructure still have their heads above water.
Yeah, not seeing that similarity in the markets at all.
Drivers of those respective moves could hardly be more different than a potential pandemic with a low 2% mortality rate versus the looming, worst financial crisis in a lifetime.
I don't think…
