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 am not sure if multi-subadvisor approach leads to any significant outperformance over benchmark.
There could be exceptions, but in general that is a questionable approach for active funds."
Some actively managed Vanguard funds have too many inve…
"The Alien Enemies Act has been invoked three times, each time during a major conflict: the War of 1812, World War I, and World War II. In World Wars I and II, the law was a key authority behind detentions, expulsions, and restrictions targeting Ger…
From Heather Cox Richardson's Letters from an American:
"On the Fox News Channel’s The Five yesterday, the panel of Fox personalities expressed outrage
that federal judge James Boasberg had ordered the Trump administration to stop its deportation
o…
Ballie Gifford is a well-regarded investment firm.
They have co-managed Vanguard International Growth (VWILX) for many years along with Schroder Investment Management.
VWILX has generated good long-term returns (with considerable volatility).
Maybe …
But exactly how do the courts punish the king if he simply ignores them?
He believes his status to be "above the law".
What Courts Can Do If the Trump Administration Defies Court Orders
https://www.brennancenter.org/our-work/research-reports/what…
The Trump administration is already thumbing its nose at some court rulings against it.
Without due process, the administration accused hundreds (thousands?) of individuals as being gang members.
US District Judge James Boasberg ordered halting all …
I didn't notice that @hank previously created a thread for this.
https://www.mutualfundobserver.com/discuss/discussion/63544/bofa-survey-shows-biggest-ever-drop-in-us-stock-allocations
The Week in Charts (03/14/25)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:35 Topics
01:56 There Will Be Blood
13:25 Don't Rule Out a Comeback
19:08 Fear Is Good
26:13 Why You Diversify
35:50 Easing Infl…
Fourteenth Amendment
Section 1
"All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shal…
Targeted tariffs implemented strategically might be beneficial.
Trump's on-again, off-again tariffs applied capriciously to friends and foes alike are absurd.
He is not capable of implementing tariffs responsibly.
Congress should repeal the Interna…
Tesla EVs were appealing to many left-leaning, environmentally-conscious consumers.
Musk alienated much of Tesla's customer base since he went all in on right-wing politics.
His capricious DOGE actions surely have not helped in this regard.
Prices f…
Wall Street Fears Trump Will Wreck the Soft Landing
https://www.wsj.com/economy/trump-team-recession-hard-landing-c8f23d5d?st=GM8Dkw&reflink=desktopwebshare_permalink
From Heather Cox Richardson's Letters from an American:
"Trump is 'steering the country toward a downturn with his tariffs and cuts to spending and the federal workforce—for no logical reason,' Washington Post economic reporter Heather Long wrote o…
"If the OP was not prepared for disagreement with Zweig's anodyne advice
then the thread should have been placed here to begin with."
I don't have an issue with anyone who disagrees with Zweig's advice.
Everyone can invest as they see fit (hopefull…
Costco eggs yesterday: $14+ per dozen.
I knew egg prices were high but this is crazy!
I wasn't aware eggs became this expensive since I usually have cereal for breakfast.
The thread was created to potentially prevent some folks
from making rash investing decisions influenced by politics.
Remember when Barrack Obama was elected and some of his detractors dumped their stock positions?
Subsequent returns were much lower…
Here's a link for those who do not have a WSJ subscription.
https://www.msn.com/en-us/money/top-stocks/the-mounting-case-against-u-s-stocks/ar-AA1ADpKO
"Electing an ignorant, narcissist president and spineless supplicants to control Congress has real consequences. Tragically, the ones most affected will be the most vulnerable Americans."
Yep, I agree with the author's conclusion.
I assumed West Loop was a reference to Chicago before
finding the sub-advisor's office address in the prospectus.
West Loop in this instance references a segment of I-610
which loops around Houston's inner core.
https://en.wikipedia.org/wiki/Inters…
Cliff Asness discusses the lack of mark-to-market valuations and its implications.
https://www.institutionalinvestor.com/article/2bstqfcskz9o72ospzlds/opinion/why-does-private-equity-get-to-play-make-believe-with-prices
How many people will needlessly die due to the actions of this megalomaniac?
Trump's supporters are wont to rebuke critique by stating elections have consequences.
Yes, this statement is indeed true!
Chickens will come home to roost for much of the …
Private equity (PE) investments don't belong within 401(k) plans.
They are illiquid and difficult to properly value.
Furthermore, PE is often riskier and considerably more expensive than public market investments.
While some PE funds have generated …
"i wish they (wellington) would get rid of the high-yield mandate and had the flexibility to move
wider across credit\duration space as they see opportunities."
VWALX has considerably less exposure to below investment-grade bonds than true High Yie…
The Week in Charts (03/07/25)
The most important charts and themes in markets and investing, including:
00:00 Intro
00:19 Free Wealth Path Analysis
01:22 Topics
02:25 The End of a Historic Uptrend
06:04 There Will Be Drawdowns
11:04 A Sentiment Sh…
Mark Zandi, chief economist at Moody's, discusses tariffs on the PBS New Hour this evening.
https://www.pbs.org/newshour/show/as-trump-delays-tariffs-on-mexico-and-canada-businesses-brace-for-repercussions
As others have mentioned, Europe has underperformed for a very long time.
European (and international) stocks are cheap and have low expectations.
European/international stocks may outperform the U.S. if the low expectations are surpassed.
The Felonious Skunk™ has avoided prosecution for several serious crimes (e.g., Jan.6, classified docs).
His lust for power/greed is exerting severe stress to our system of checks and balances.
Felonious Skunk™ displayed enormous hubris in his addres…
Way too long, way too partisan, and way too much BS.
Trump is a pathological liar.
Thanks for the link to NPR's fact check!
Pride cometh before the fall...
@FD1000,
You provided a link to an article published by The Washington Free Beacon.
Assuming that you are genuinely concerned about factual reporting and political bias,
selecting distinguished media sources would facilitate the acquisition of accu…
"But there are tons of manufactured AAA tranches of securitized credit. Basically, an average rated portfolio can be sliced-and-diced in tranches of AAA, AA, A, BBB,...,equity tranche. Wall Street collects fees from this too, so they love securitize…
"Are these items what are broadly called 'Securitized' in bond funds. Like 21.93 % in VBMFX?
Or a whopping 49.40% of the highly regarded Dodge and Cox Income Fund."
The Dodge & Cox Income prospectus from 12/31/2024 indicates 48.7% of total as…
