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.
@hank,
The 'Charging Bull' sculpture produced by Arturo Di ModicaI is amazing.
There is a reason this is an iconic work of art!
I agree that the above photo is striking and very well-composed.
The landscape for actively managed mutual funds will be increasingly competitive.
Prerequisites for most of the remaining open-end funds (OEFs) will include low costs and good returns.
Some OEFs will continue to exist since corresponding ETFs are no…
The USPS Tracking Plus service enables extended tracking history for up to 10 years.
It's available for packages shipped via Priority Mail Express, Priority Mail, First-Class Package Service, and Parcel Select service.
I considered PIMIX a few years ago but didn't invest in the fund.
For many years, Pimco Income Fund delivered excellent returns with muted volatility.
The fund's managers made shrewd investments in legacy, non-agency residential mortgage-backed se…
The M* fund category assigned to a fund may not be a good fit.
For example, NWFFX is classified as a Diversified Emerging Markets fund but it allocates substantial capital (averaging ~ one-third of total assets) to developed markets.
Also, all Worl…
I've purchased items via Overstock.com several years ago without issue.
I haven't used them recently so I'm not familiar with their current operations.
Agreed. David Swenson's passing points to the initial success he had with Yale's endowment in Private Equity because he was the first one to the game and had good choices, and the where withal to evaluate them. Many endowments who jumped in latte…
Here are some snippets from Ms. Richardson's May 20th newsletter:
"Dramatically, Republicans have come out this week against an investigation into the January 6 insurrection. This is a transparent attempt to protect former president Trump, as well,…
Typo: not Capital Hill. It's Capitol Hill. :)
Yes, the current crop of elected gaslighters are in fact TRAITORS.
Thanks - the typo was corrected.
I agree that the gaslighting politicians are traitors!
The Capitol Hill politicians who are ignoring the CAPITOL INSURRECTION (or gaslighting) have abdicated responsibility and should be removed from office. I find it difficult to comprehend how one very flawed individual can be so influential over many…
It's interesting to hear Mr. Rubenstein's opinion regarding cryptocurrencies.
I don't necessarily share the same enthusiasm, but enjoy watching "The David Rubenstein Show".
Link
Thanks for sharing.
I didn't realize that just 20 firms are responsible for 55% of the world's plastic waste.
Regarding ESG funds, there are different definitions of what constitutes ESG.
Some investment firms have implemented "greenwashing" in or…
I transferred my Roth IRA from Fidelity to a new Vanguard account in 2019.
Fidelity required a Medallion signature guarantee to complete the transaction.
My credit union provided the Medallion signature guarantee.
If I remember correctly, the first …
John D. Rockefeller was credited as being the first American billionaire in 1916.
When a reporter asked him "how much money is enough?", he replied "just a little bit more."
A snippet of Morningstar's CTFAX analysis dated 04/30/2021.
"In 2018, when the current managers took over the fund, a new layer was added to the process that includes an assessment of whether the stock market is 'expensive' or 'normal.' This is det…
Article:
4-investing-lessons-from-david-swensen/
I viewed David Swensen's talk (72 minutes) referenced in Nick Maggiulli's blog post.
Highly recommended!
Link
I don't have any personal experience with hearing aids or know anyone who uses them.
The Consumer Reports Hearing Aid Buying Guide (recently updated) may contain useful information.
Link
Stock market corrections (usually defined as a 10% - 20% drop from recent highs) can occur at any time.
A correction in the near future may be helpful in reducing some of the market froth.
Financial markets are reacting to the surprise 4.2% increase in April's CPI.
All my holdings are in the red today except for VUSFX which is unchanged.
I use VUSFX as an alternative to cash.
Dogecoin was created as a joke and it has no intrinsic value.
The cryptocurrency doesn't have any earnings nor pay any interest or dividends.
It appears that many "investors" are betting on the Greater Fool Theory to realize future profits.
Mr. Swenson transformed the institutional investment community.
His "Yale Model" allocated considerable capital to alternative assets and was widely imitated by other endowments. He mentored numerous investment professionals who are now associated …
I Bonds are a great "safe" bond option in the current environment.
The $10k annual purchase limit* may be a hindrance for those with larger portfolios.
*additional $5k purchase available using your federal income tax refund
I'm with Charlie Munger on this.
https://www.marketwatch.com/story/charlie-munger-says-bitcoins-rise-disgusting-and-contrary-to-interests-of-civilization-11619978483
Tell us what you really think Charlie!
FWIW, I'm no fan of bitcoin myself.
Thank you @bee. As you noted, entering another ticker will not provide data without having a subscription.
I replaced 'rpgax' with 'prilx' in bee's URL and was able to view data for PRILX.
"A U.S. plant that was making Johnson & Johnson’s (JNJ.N) COVID-19 vaccine must fix a long list of problems including peeling paint, shoddy cleanups, and poorly-trained staff to resume operation, according to a highly critical report by the Food…
I had my 1st Pfizer shot on Sunday.
The injection site was slightly sore afterward - no big deal.
I don't like wearing a mask either but feel it may be too soon (in many parts of the country) to let our guards down.
China has been very aggressive in developing a Central Bank Digital Currency (CBDC).
Its pilot program expanded to 28 major cities in August with plans for additional cities this year.
China is determined to gain greater acceptance of the renminbi…
I just logged into Portfolio Manager.
The following message was displayed.
"The site is experiencing issues with Portfolio Manager displaying duplicated holding for funds.
We are working on resolving the problem."
Many mutual funds are displayed t…
Aside from everything else going on in this thread, I would like to see any Lipper data on duration. And I would like to be able to screen on their duration numbers the way I can screen on many other factors.
The Fidelity website allows filtering b…
It is estimated that we'll reach herd immunity when 70% - 90% of the population is immune to Covid-19.
People can obtain immunity via vaccination or Covid-19 infection/recovery.
Bear in mind no vaccine is currently available for children under 16.…
If you watch the speech, it's evident that Mr. Trump is touting his supporter's extreme loyalty.
Click the video link embedded in the article below for additional context and to hear what he actually said.
Link
TDS is an acronym for Trump Derangement Syndrome.
This term is frequently used to discredit and delegitimize those who criticize the former president.
Donald J. Trump made the following statement in a 2016 speech:
"I could stand in the middle of 5t…
MEASX got off to a good start.
The fund outperformed 98% of its category peers for the trailing three years ending 12-31-16
(10.9% return) while exhibiting low volatility (std. deviation: 8.91).
However, it has mostly disappointed investors since …
I wouldn't be too concerned.
As @TheShadow mentioned, Mr. Stack's retirement has been planned for a while.
Wellington has a deep bench of managers/analysts.
