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.
The Week in Charts (08/25/25)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:49 Topics
01:50 The Return of Easy Money
08:35 It's All The Same Trade
12:30 Is the Mag 7 Concentration Justified?
16:57 The Best…
@FD1000,
Recall that the U.S. was founded primarily to gain independence from British rule under King George III.
The founding fathers vision sought to limit the power of the executive branch.
Trump has clearly breached his authority by weaponizing…
From Markets A.M.newsletter by Telis Demos.
On this day in 1987, the Dow Jones Industrial Average hit 2722.42, a new record high—
up 44% for the year and triple its level just five years earlier.
“In a market like this, every story is a positive on…
Whether or not a president can pardon himself is an unresolved legal question.
https://constitution.congress.gov/browse/essay/artII-S2-C1-3-9/ALDE_00013947/
@FD1000,
Please, don't propagate the tired and factually inaccurate story
that Trump was a victim who was persecuted endlessly.
Trump's disrespect for the law which culminated in multiple felonies
that he commited warranted close judicial examinati…
Risk is a very important consideration in my opinion.
I recall when IOFIX and SEMMX were touted as being "cash subs."
Both of these funds subsequently generated significant losses during Q1 2020.
https://www.mutualfundobserver.com/discuss/discussion…
@Mark,
There may be issues with your browser cookies/cache.
Clearing both may help.
Here are the URLs for the D&C funds you mentioned.
DODGX_
https://fundresearch.fidelity.com/mutual-funds/summary/256219106
DODFX_
https://fundresearch.fidelit…
@Mark,
Not only does Fidelity charge a $100 TF to purchase D&C funds, they "hide" their funds!
From the www.fidelity.com homepage, input a ticker for a D&C fund in the How can we help?
field and press the Enter key to bring up the fund.
There is a $100 transaction fee to purchase D&C funds via Fidelity.
Schwab charges a corresponding fee of $74.95.
The transaction fee is high because D&C (along with Vanguard) refuses to pay for fund supermarket placement.
"IMO, a combination of mostly core-plus bond fund and some multisector bond fund cover lot of bond territory."
I agree.
But I'm considering possibly replacing my core-plus bond fund (DOXIX)
with a dollar-hedged global bond fund (PGBIX) sometime in …
"Anyone else thinking about becoming a one funder?"
I greatly respect Wellington Management and have owned several funds managed by the firm.
Fund consolidation and portfolio simplification is a worthwhile goal.
I believe a one-fund portfolio is no…
"So, how can anyone listen or invest with these guys?"
The long-term performance for GMO Quality Fund - Class III (GQETX) has been very good.
https://testfol.io/?s=4SKuOpC7IR2
GMO offers a newer ETF (QLTY) which follows the same strategy but omits…
I'm not very familiar with BINC so I can't comment on fund similarity.
It may be worthwhile to consider the following three multisector bond funds.
River Canyon Total Return Bond Fund - Institutional (RCTIX)
Intrepid Income Fund - Institutional (…
Lewis Braham provides an overview of TCAF, PRCFX, and TCAL.
https://www.msn.com/en-us/money/savingandinvesting/this-t-rowe-fund-manager-works-magic-3-new-ones-he-runs/ar-AA1KRcLX
Firing talented, knowledgeable defense/intelligence officials who accurately report information
that Trump dislikes is not a prescription for keeping America safe.
Neither is storing highly classified documents in the Mar-a-Lago ballroom,
shower, an…
har
Wait, did you not just post the presumptuous 'Where to invest right now?'
How dare Bloomberg !
'need to be so prolix' is great.
Can we stop this nonsense?
@FD1000,
If Trump is doing so well, why was there a sudden need for redistricting in Texas?
Redistricting— you might as well just call it gerrymandering—most frequently occurs
after a census is taken, not mid-decade.
Blatant cheating is the only w…
Donald J. Trump constantly whimpers about how the DOJ was weaponized against him.
Au contraire, monsieur.
Trump orders the DOJ, FBI, and other government agencies to target individuals, businesses,
and institutions that have opposing views or polici…
From Markets A.M. newsletter by Aaron Back.
On this day in 1787, John Fitch launched the first successful steamboat run
in U.S. waters when his 45-foot boat smoked and boomed up the Delaware River.
But he never got costs under control, so Robert Fu…
The Barron's article should be accessible via the link below for those without a subscription.
Note: Charts/tables from original article may be missing.
https://www.msn.com/en-us/money/top-stocks/robo-advisors-get-a-boost-from-international-stocks…
Bengen's definition of "safe" means that an investor can maintain a certain withdrawal rate
over a 30-year timeframe regardless of market performance.
In a worst-case scenario (very low probability), the portfolio would be depleted after 30 years.
F…
[snip]
According to an article in today's NYT, "The Democratic Party is hemorrhaging voters long before they even go to the polls.
Of the 30 states that track voter registration by political party, Democrats lost ground to Republicans in every sing…
From Markets A.M. newsletter by Aaron Back.
On this day in 1982, the stock market finished a week of shattering records,
with the Dow Jones Industrial Average up 10.3% in five days.
Just days earlier, most investors had thought a bull market was st…
From Heather Cox Richardson's Letters from an American (dated Aug. 18):
Trump’s social media account this morning posted a long screed saying the president is “going to lead a movement to get rid of” mail-in ballots and voting machines, and lying …
[snip]
President Trump is the President of Peace. As President, he has brokered peace between Azerbaijan and Armenia, Cambodia and Thailand, Israel and Iran, Rwanda and the Democratic Republic of the Congo, India and Pakistan, Egypt and Ethiopia, S…
"Has any U.S. President ever before stood on a global stage with other world leaders
and hurled insults at a former U.S. President?"
Not that I'm aware of.
I'm not cognizant of any U.S. presidents who were more ill-suited for the position than Don…
@hank,
You're right—the probabilty for rate cuts was higher several weeks ago.
The probability of a 50 bps cut was also calculated but this went to zero
after the latest CPI data release.
Powell will not announce his resignation nor should he.
The CME Group indicates there is a 84.6% probability of a 25 bps cut at the
Sep. 17 FOMC meeting while there is a 15.4% probability that no action is taken.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
The next releases fo…
