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.
Rick Rieder is on CNBC Closing Bell today. May be check Youtube later today for the clip.
One of the things that stood out he said was "There is excessive crowding in the markets these days." I think this does not get enough attention and @Junkste…
Here's a writeup of his latest crypto scheme....
https://www.coindesk.com/business/2024/09/04/in-trump-backed-crypto-project-insiders-are-poised-for-unusually-big-paydays/
Trump fancies himself a master builder so I guess he’s staying true to form…
I don't know much about bonds except that at the present time I generally like them short.
The equity side has angst operating in all directions. Will they cut too much? A sure sign of a recession to come. Will they not cut enough? That would be su…
Added NEAR to my short-duration watch list thanks to @msf. Might end up replacing TBUX for me pretty soon. I like that it had a positive return in 2022; TBUX did not.
I'm cribbing some of my response to the Crossing Bridge thread. The return period under discussion is since April 30.
I added CBLDX to the bond fund gaggle in my IRA because it had a positive return in 2022. I'm guessing XONE would have too. Since A…
I added CBLDX to the bond fund gaggle in my IRA because it had a positive return in 2022. I'm guessing XONE would have too. Since April 30 XONE is up 2.87 to CBLDX's 2.54.
The rest of my deck chairs are THOPX, up 5.08%, USTB up 4.72, and TBUX up 3.…
In the IRA: I asked myself why I owned IHDG. Self had no good answer. Self remembered @Devo's article on foreign funds from a few months back. Self sold IHDG. I am still 8% foreign equity. Some of that is a diminishing holding in GGSYX that has been…
Those interested in labor history might like to pick up Standing at Armageddon by Nell Irwin Painter.
Slightly offbeat is Cowboy Detective, by Charlie Siringo, who ended up being a Pinkerton in the mountain west.
Never had to do cans. Didn't have debts. Didn't have kids then. We could usually piece something together between Dickensian Manpower temp work, and theater, art, and museum calls.
We liked Pepsi in 16 oz bottles. So we would save them up as long a…
Cash cushions, or emergency funds, are different from investments in those getting-started years.
It's hard to think about retirement when you're hoarding soda bottles for their deposit value.
Ahhh, the good old days in San Francisco when a Bohe…
"Americans Are Really, Really Bullish on Stocks"...
...and isn't that really, really scary!
We're talking about the view in the rear-view mirror.
I'm going to throw out a WAG that there's still a lot of cash out there on the sidelines.
If I'm wro…
As I mentioned in the most recent thread on this topic, we'll be taking out RMDS when we have to. Our goal is to avoid withdrawals from our taxable investments. I suppose the next step after that would be to realize capital gain and dividend distrib…
Please disperse - nothing to see here!
https://www.youtube.com/watch?v=NuAKnbIr6TE
+!.
From time to time I see him in old B movies or black and white TV shows. Seeing him in westerns always makes me smile.
"Positions in FSUTX, GLIFX, and IYK have been keeping me cool during the long Arizona summer."
Don't know if you're in the Phoenix area, but Phoenix experienced 100 consecutive days
with temperatures over 100 degrees as of several days ago.
This sh…
In the taxable: Tacked on a few more shares of SMH, so I have about doubled my holding--which isn't saying much. If it drops below the price I paid in February I'll buy more.
I'm not feeling the need to buy anything else at the moment.
In the IRA:…
@WABAC and @yogibearbull
Too early in the day for me, I do think. The 2 holdings (50/50) portfolio indicates a 31.9% annualized return! Is this number generated as such from the $6,500 annual contribution setting?; which would equate a Roth contribu…
What's more fun than complaining about kids these days? I say: Giving the indolent ne'er do wells advice they won't take.
Here are what I call Grumpy Grampy's Simple Portfolios for Widows, Orphans, and Kids that probably don't wash behind their ear…
@David_Snowball, I guess I don't see anything simple about advising beginning investors to spend a lot of ER money on funds that successfully short the NASDAQ every once in a while, but can't out-perform Devo's replicating portfolio exercise on much…
Not sure why there is so much interest in this fund now. Its YTD performance is 48 percentile and it is a $62B fund with idiosyncratic sector allocation.
Maybe the price is lower than it might otherwise be?
I suppose it benefits from its history…
Time to bring out Devo's replicating portfolio exercise.
A 50/50 portfolio of LCORX and RPHYX generate a beta of .26 over ten years. So the clone is 26% SPY and 74% the 3 month T-Bill. Here is the result: Dinky linky.
The second portfolio recommen…
For existing positions only or wide open??
Wide open, for a mere 35$ simoleans.
I was looking to see if they had DODBX, and up popped PRWCX as an open fund.
It is our goal to leave taxable investments to our heirs.
According to Section 1014 of the Internal Revenue Code, if a person holds property at death, it will receive a new basis equal to the fair market value of the property at the person's date of…
The only rules we have to worry about at the present time are RMD's. Well, actually, we don't have to worry about them until 2029.
It is our goal to leave taxable investments to our heirs.
You guys are pouring on the pessimism a little thick here, don't you think? Like Emily (below) I'm planning for a future that's a little brighter.
I don't know who Emily is; but if you own your house, and your cars, free and clear, it's a lot eas…
@yogibearbull, the current number I ran from the closing prices shown at M* last Friday. Sounds like I was in the vicinity of the right numbers. I find that site heavy going. I wasn't quite sure where to look.
The purchase date was 2011-8-12 if an…
If I understand @yogibearbull's chart correctly, USAGX was at .227 when I first bought it a few months before Mark Johnson retired. It is now at .091. GDX:GLD was at .32 when I first bought USAGX.
I wonder if all those people fleeing mining funds come from the boat I'm in. USAGX is up 30% over the last 12 months, and would have to nearly double in price to match what I paid for it in August 2011. If I hadn't bought again in 2017 at ~1/3 the p…
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.
Despite the recent flood of criticism, I've been using 2 covered call funds for a number of years and feel they serve their function quite well within my portfolio. I do prefer funds which write calls to a nominal portion of the portfolio. DIVO (a …
Well, I guess that MERDX doesn't mean what I thought at first. :)
It was a Kiplinger top 25 back in the days under Rick Aster. IIRC they were based in Marin County.
Despite the recent flood of criticism, I've been using 2 covered call funds for a number of years and feel they serve their function quite well within my portfolio. I do prefer funds which write calls to a nominal portion of the portfolio. DIVO (a …
and super micro being looked at sideways...any chicanery going on there?
They have a history.
They were just another vendor advertising in The Computer Weekly in the Bay Area before the internet. Always wondered why people got so excited about…
