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.
To Yogi's point, you are deluding yourself if you think you will get better customer service when trading Mutual Funds directly. Their back-office custodians (clearing) are not any better. Its the same story, different portals.
Still letting this quote sink in....
"CHILDS: Pharma companies spent $6 billion on TV drug ads in 2016, but they spent $20 billion advertising directly to doctors, pushing drugs that we don't see on TV, like the addictive ones."
Perhaps the scare tactic of repeatedly telling retirees that they could outlive their money forces them to lean into equities. Advertisements seem to push this narrative - it's as if we will all live to be at least 95 years old.
Also, we all ne…
I, too, have settled for FBALX (blocked from PRWCX). Can't be part of the "cool kids" club.
Very, very few funds can continue to outperform over long stretches of time, especially when they grow in size. Giroux has been great. Will that reall…
https://www.etftrends.com/active-etf-channel/t-rowe-prices-new-etf-tcaf-worthy-of-appreciation/
"The newly launched T. Rowe Price Capital Appreciation Equity ETF (TCAF) is not a clone strategy of PRCWX. Giroux’s mutual fund uses a blend of equities…
Keep wanting to buy FFRHX, but conflicted feelings. The chart above shows Floating rate funds don't excel during times of falling interest rates....which could be on the medium-term horizon. Then you have the YTD runup that Junkster mentioned, alo…
Wait, lock him (Trump) up? YES. Finally, some accountability! If it wasn't for his mountain of pending lawsuits, the guy would not be running another presidential campaign. But it's his only hope for immunity.
Pivoting back to the Debt ceili…
Fido was my best brokerage experience, and I remain with them. Vanguard became really terrible.
Also, I would not leave a dime in any Wells Fargo accounts. That bank has a poor history, and I'm not convinced that the culture there has changed. …
If the "scholars" on the Hill settle the US Debt issue within the next week, could we see a +10% equities market RALLY instead? Stocks have been holding the line, and volatility is still low.
Not many folks out there are forecasting an early s…
With so much bearishness in the short-term outlook, not expecting it to happen.
But if the market does pull back by double-digits, I would be buying a bit of everything. Keeping it simple....priorities in order:
1) S&P Index ETF (setup…
To the prior chart, I added my would be alternative choices in Fido's "Moderately Conservative Allocation" category, FMSDX and TAIFX.
I had tried combining FMSDX with another less conventional pick, PVCMX. PVCMX has held a lot of cash during its…
A pension can make a huge difference in one's retirement. Harder to come by these days, and thus so often overlooked by the "experts".
As far as Reverse Mortgages go, there is a reason they have a bad rep. High expenses (often 10% plus) combine…
LCR is ETFs based and is long only. Inception was 1/6/20. ER is high for an ETF.
Surprisingly, their M* charts are similar since 1/6/20 (StockCharts doesn't recognize LCR).
It looks like LCR uses inverse ETFs to address the "short" side. SPND (…
"You can lead a horse to water, but you can't make him drink". Some people just don't care about finance and savings. It's all carpe diem. Cash in, cash out, no matter what the income. Even if you sent some of the free spenders to a Budgetin…
ALMOST makes the entire managed (non-index) MF industry seem like a scam...
"Consider these tallies for funds that invest in S&P 500 stocks through the end of 2022:
Over three years, 74.3 percent of actively managed funds trailed the index.…
Started a position in OMFL. No good reason other than it has beaten the S&P500 for total return over the last 5 years.
Interesting...OMFL has beaten the S&P 500 in each 1 of those 5 calendar years.
Year OMFL …
Today is a prime example of why its best not to watch the stock market daily, let alone intra-day. It's simply not healthy.
Its this really BAD form of entertainment of which we cannot get enough, especially when over-invested.
@msf, that one might be better in a New thread, no? And even further off topic - I don't miss living on Long Island (down on the South shore) at all. Glad I left there decades ago.
Investors Are Walking a Tightrope
"Even though the Fed is saying they will not cut interest rates, the market is saying that in three to six months we will have recession, we will have moderating inflation and you will be singing a different tune,” …
The 3 month penalty (after holding for 1 year) and limited investment caps are a killer. Sure, it was "fun" getting 9.62% for 6 months, then "ok" getting 6.48% for another 6 months.... but then it's time to look at an exit strategy.
Having to ea…
Recall that DODBX has changed investment policy recently to include some shorting. Its idea was to tame its high volatility.
Thanks for that info, Yogi. DODBX now goes on my BUY list.
3Y return for Giroux is 9.09% vs. Hussy Total Return at 2.76%
If Hussman ever has his day, then the rest of us are in trouble. (Lets hope the clock never breaks.)
@Baseball_Fan Notice I didn't preface it with..."It's just my 2 cents...". Because it ain't even worth that. But yes, the market likes to go against overall sentiment (i.e. contra-indicator).
The stigma of a potential recession is hanging he…
All the Bearishness out there is making me Bullish.
There are no market clairvoyants. The pundits can't help us because nobody can predict short-term fluctuations. Nobody. And we all know this. Each year we read articles to guide us for the f…
Donnie's legacy will be that of a perp (or convict?). A complete Loser. He never won the popular vote. Ever. He did try to "buy" a few, I'm sure, especially in GA.
The only reason he announced another Prez run is to gain legal protection for h…
Well done, OJ. I'm sure that 2nd paragraph could have been a few pages longer.
Kind of telling that so many of Trump's cohorts fan afoul of the law. Class acts such as: Steve Bannon, Paul Manafort & Rick Gates, Roger Stone, George Papadopol…
"From a U.S. investor’s perspective, our Vanguard Capital Markets Model® projects higher 10-year annualized returns for non-U.S. developed markets (7.2%–9.2%) and emerging markets (7%–9%) than for U.S. markets (4.7%–6.7%)."
I guess we aren't up on all the recent right-wing propaganda stories. Fox has really lost its dazzle. And that's a good thing.
Wait, didn't Nancy call the shots for Ronny's 2nd term? He wasn't senile - he just liked to nap a bit during meetings.…
