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BaluBalu
Professional Experience:
Corporate Finance (Corporate Venture Fund investments, International and Treasury finance, Public Debt issuances, M&A, Joint Ventures, Planning, Business Divestures, SEC filings);
Policy and Legislative & Regulatory Affairs - Washington DC;
Capital Markets - London and NYC;
Commercial Bank Lending;
Field Biology.
Thanks. I have been following the spread and when it became very uncomfortable, I looked across the pond.
The UK Govt Bonds (Gilts) 2yr-9 yr spread is at 6 basis points and 2-10 yr spread is at 12 basis points. Imagine why one would buy the 9 yr …
@msf, Any thoughts on why JHDAX and JHTAX performance (TR) does not converge to JHQAX and with each other? Or we do not have enough data yet to draw definite conclusions? Thanks.
“How much do you think these guys make?” I do not have to think. I have first hand knowledge.
I will redirect to my previous statement - it is better to find managers that do a better job than others. How they invest their own money or how much …
Not a critique of anybody here -
Personally, if M* says a manager invests $1M+ in a $B AUM fund, it does not impress me. More often than not a Manager's yearly compensation from the fund far exceeds their investment in the fund. (Some fund manage…
M* revised FB fair value estimate, updated after the earnings release, is $400, signifying a potential gain of approx 75% from today's low. YMMV. I do not plan to own it.
Keep an eye out for announcements from the new firm where PRWCX and a few other legacy TRP funds are housed. I am expecting expansion of offerings - for the better or worse.
Folks had plenty of opportunity last week to buy ARKK. I provided a buy price ($64.5) and reasoning and followed up on several days last week and also posted when I bought on Friday. From the silence, I figured folks have no interest in a ARKK tra…
Closing the loop. Bought some today. It may go further down in the next several weeks. I am not likely to post new buys in this thread as I would like to leave this thread behind.
For those waiting on better valuations to buy Equities, at what point would you be a serious Buyer? Do you have a specific plan in place?
What about Bonds (yeah, what about Bonds) - are any type/class of bonds worth holding in 2022?
Current S&…
@MikeM, I can not reconcile your first paragraph and against the paragraph from the Q4 letter I had quoted. I am not looking for any reply / response. We have different expectations. I see what I see and shared. I am not looking to convince any…
By mid November a number Federal Reserve members have given speeches suggesting an acceleration of end of quantitative easing and that inflation is a concern. Powell reiterated this around Nov 20, in his re-nomination acceptance speech. Since then…
Thanks for sharing the letter. I was going to pull the plug on my GP investments but I will reluctantly give these guys 2022 to remedy themselves from the mistakes they admitted. I continue to be concerned by the weak bench in management.
I just checked at M* the valuation of top 10 components of ARKK portfolio. Two companies are rated four stars (Twilio & Zoom), one company is rated five star (Teladoc), and one company is rated two stars (Tesla). All other companies are rated…
@BaluBalu : I do remember those discussions. Are you implying this fund, JHQAX, isn't a buy & hold fund ?
Enjoying the ride, Derf
My comment does not apply to those that already own the fund. I wa…
You all know that the inflows and outflows in the Ark funds are impacted by institutional or smart money and not by retail investors. About a year ago, Ark complex had about $10B a month of inflows. Not sure what is a smart money.
For the current time, most seem to recommend value / reopen economy funds. It would be interesting to find out Value style OEFs / ETFs that exclude or underweight financials.
The 5% OTM puts in JHQAX series should not be taken as a protection after 5% slide in SPY, as is evidenced by current SPY and JHQAX slide. It depends on the timing of the fund purchase and what the market has done since when the puts were purchased…
Behind pay wall for me. May be somebody could let me know what it is about. This is not 5he first time we had option expiry date. What is different today? Thanks.
I do not mind somebody being wrong as long as they had the courage of conviction. We already discussed in an earlier thread how he had not invested in line with his previous projections / pronouncements. I can look else where for entertainment tha…
I just checked at M* the valuation of top 10 components of ARKK portfolio. Two companies are rated four stars (Twilio & Zoom), one company is rated five star (Teladoc), and one company is rated two stars (Tesla). All other companies are rated…
@Mark, Did this forum members invest with Cathie Wood? Based on their investing temperament, I assumed none of them did. I did not mean to pile on but I have a very low opinion for anybody that peddles their religious beliefs in a business discuss…
"In our view, the real bubble could be building in such so-called "value" stocks with much higher valuations in the context of a five-year investment time horizon as opposed to last year," "In our view, long-term inflation fears are overblown becau…
The “hot” in money can turn cold anytime if DC decides to go after crypto. Kosovo banned Crypto mining this week while our politicians are inviting all these miners. DC like the average investor does not seem to ever know when to take down risk or…
Hi @BaluBalu . I don’t have a link to past quarter portfolio holdings but I’ve been monitoring it for about 9 months now. Sector composition has consistently been heavy in consumer staples, financials, and utilities.
Thanks Mike. How has allocati…
CDC is interesting. I would like to see how its idiosyncratic portfolio sector composition changed over time, say in the past 6-8 quarters. I would appreciate it if somebody could share this information, even from memory if the info is not contem…
Thanks, Hank and YBB.
“If the music stops and crypto tanks, there could be a contagion into the stock market. It could set up a good buying opportunity.”
This is the one thing I have been very nervous about. There can be a lot of pain before the…
