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.
Started new position in JDAEX (load waived), and added to HELO in all accounts. Always looking for the least volatile route.
Does anybody even buy Long-term bond funds anymore?
Small note - The Mag 7 (Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla) dropped -4.8% today and are down -10.4% from their July 10 high. That's “correction” territory, though from grand heights tis still just a small blip.
Bad customer service is the new norm. So to which brokerage do you move? Fido seems ok at best. Vanguard is a pit. No brokerage houses "shine" these days.
Yes, Mitch created this mess, and I hope he rots in his grave soon.
Many ordinary folks don't realize that Trump facilitated this far-right SCOTUS fiasco. He and Mitch were quite the team. American democratic values mean nothing to these mani…
"Concentrated portfolio + low turnover can be terrible if the fund owns bad holdings."
Thanks for the insight, Captain Obvious!
"Pearls of wisdom" (at least, he would say). He's a joke.
Maybe he should be at a Trump rally.
Narcissism is a personality trait that can be characterized by a number of traits, including:
Self-importance: Exaggerating achievements and talents, expecting recognition as superior, and believing they are s…
Diversification means always having to say you're sorry about some investment in your portfolio!
I liked this one. Goes on the fridge.
Like a few others here, I am having trouble opening up my wallet to buy much at current asking prices - especia…
Tis a shame he might wrest control of the White House a SECOND time. More of an indictment against US citizens' common sense than anything else.
If any other candidate made disturbing comments drawing parallels t…
Speaking of felons, I always wondered how his son-in-law, Jared, was allowed to "do business" with foreign interests...while also responsible for diplomacy. Kushner received a $2B investment from a Saudi prince just after Trump left office. He's c…
I feel like I mushed NICHX....even though I didn't buy any. i just THOUGHT about buying some - but that's all it took!
Starting to develop a serious phobia here. Curious to see how it prices tonight.
We have been sold on hate, and US citizens keep buying. Blame the media, blame the political machines, but also blame people all too willing to be manipulated. FOX takes propaganda to an entirely new level, and folks just Hoover it down.
@sma3, your brokerage limits will often not match the stated limits as those vary widely between different brokerages.
But don't expect perfection - the brokerage lists are often incomplete. It's more of a general reference. It's yahoo, after all.
One article tried to break it down by Renters vs. Homeowners.
Renters have experienced recent rental price increases and are more likely to be on the lower rungs of the income spectrum. They are getting hit from all ends. Meanwhile, Homeowners…
Investopedia's definition of an absolute return fund apparently didn't mention cash as an asset, but I don't really care what investopedia says. Cash can earn 5% these days.
As shipwrecked mentioned....If you actually look at Palm Valley's website, it refers to ABSOLUTE RETURN Investing...."Focused on Absolute Returns"....in large letters.
PVCMX made about half of the SP500 for 5 years, so it's not alright. :-)
Good established funds don't guarantee anything either, remember that over long time the SP500 beats most funds because it's formula is very efficient.
So are you mainly inves…
Palm Valley lists the following:
Inception 4/30/2019
INVESTMENT PERFORMANCE (%) as of March 31, 2024
___________________ Quarter YTD 1 Year 3 Year Inception
Palm Valley Capital Fund 1.04% 1.04% 7.38% 4.55% 7.55%
S&P SmallCap…
Cinnamond's investment choices have performed well. One could fault the PM for not showing more conviction in those investments, since clearly additional cash was readily available.
The ER is too high at 1.26% (for ANY fund).
I don't know …
If the press would just continue to beat the drum on "AI" and "Rate cuts", equities can easily move up another 10% this year. The market is bogging down a bit here. Just a pause?
Seems all boats have been lifted. Like Blondie sang, the tide is …
Limited availability for now, mainly Vanguard.
Per the Pabrai Wagons Fund December 31, 2023 Semi-annual report:
"The Fund’s investments reflect 4 core allocations, which account for 76% of t…
Was able to initiate new BIVRX position via Schwab's PCRA retirement plan portal. Don't know how or why, but it gives access to (soft?) closed funds.
I've just tried testing this by setting up a Schwab PCRA trade and got a message: "Buys for exist…
BIVRX gained 61.2% in 2021, and then followed that up by rising 49.5% in 2022. This "long-short" fund has 6 positive calendar years of gains, 0 negative.
However, in 2024 it is down YTD..... close to (-9%) thus far. It's worth a small allocati…
"He was “Mush” because everything he touched turned to mush.” --A Bronx Tale (1993)
Yes, I had initiated a position in MRFOX quite recently. So sorry, shareholders. So very sorry. (I've also tainted QDSNX and BIVRX this quarter as well).
After re-reading some of @Lewis Abrahams other postings regarding interval funds, starting to re-think this idea. At the end of the day, these vehicles probably do not properly mark-to-market their investments, so it appears that valuations are sm…
In over 6 years, NICHX (interval fund) has only had 2 negative months of performance. Stale pricing may or may not be an issue with these types of funds (illiquid fund holdings).
I have access via Schwab PCRA acct and am liking the 9% per year ave…
Annual founders' meeting at a Cracker Barrel. Hmm.
Could always save a few bucks and just go to The Waffle House. They have an index named after them, but it's weather related. (Google it).
Sounds like PVCMX is still having trouble finding many …
Warren Buffett started selling some of Berkshire's AAPL shares, and is putting the proceeds back into T-bills. Likes the >5% yield, and he can't find any good value in the current market.
He may be old and conservative, but he ain't dumb.
