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.
Who here would not bet half the house --- assuming economic and business variables stay largely the same and the current guy stays in office --- after a -20% decline? The combo of boomer and millennial greed is a Force.
How can we ever get to a -…
You are left wondering who is really worse in such situations...the vulture-like lawyers, or the incompetent/negligent/deceptive Fund Mgr? Class action lawsuits eat up a lot of assets.
Ask these meme lovers why GME went up +27.5% today (8/24), and they answer "Fundamentals". LOL. But pressed further, they have no idea how to answer. The new generation of uninformed traders thinks its the quickest road to riches. Seems a lot …
@carew, Thanks, I am aware. I had sold FSMEX recently, and was hoping to get back in a bit lower. But like your idea of a $1 placeholder in case it closes.
Been having fun with buying fractional shares now at FIDO as well (i.e. AMZN, SPY). …
So, BABA's Jack Ma really dropped off the face of the earth after being summoned to Beijing last October (after his political speech)? Poof - gone.
Supposedly, he uhhh....paints a lot now. Somewhere, location unknown. China is scary in many w…
Strongly considering throwing a few dollars into Fido's 5 star China Fund - FHKCX.
Don't really want to buy education stocks (TAL, EDU, etc), but at current prices.....tempting. The Chinese gubmint is even more devious than our gubmint - the…
Per TRP (link below), it doesn't look like the PM wants the public to know about these "Misc Securities". Perhaps some kind of derivatives?
Miscellaneous Securities ‡ 1,642,719,101
Total Investments in Securities 19,036,241,11…
And an example of how some proposed purchases could be blocked sooner rather than later:
https://finance.yahoo.com/news/doj-considering-lawsuit-block-unitedhealth-222046184.html
Though Biden didn't make his general "crackdown" announcement until e…
I don't know how much this plays in, but in early July, President Biden announced his assault on monopolies. As such, he mentioned mergers/acquisitions. Since Merger arb funds started underperforming a few weeks before this announcement, assuredly…
BORING is the name of the game. No good value out there, and assets continue inflating anyway. Bought some more HRSAX and MWFSX. Yawn.
Got back into V today, which I always say I'm gonna hold forever, but never do.
Gave up on MERFX and BALP…
I also nibbled on AMZN today. The ability to buy partial shares is kinda nice for small-time buyers (like myself). Would be happy to see it below 3000 per share - then I'd buy whole shares.
Really not much going on yet. Energy is the laggard, down almost -4% on the day. Followed by Finl stocks and Basic Materials, both down -3%.
Tech sector is only off -1.3%. Not exactly "blood in the streets". We need more of this.
Bonds h…
Thanks for the HY suggestion, AJ.
I now want to focus on a safe allocation fund with low fees for my taxable account, and I've settled on VTMFX which is roughly 50/50. It will be my core. No more procrastinating.
I can DCA into VTMFX and let …
@msf is operating on a different level here.
Also, I was told there would be no math.
It looked like the market might test our defensive funds a bit today, but buyers are materializing once again. Added a couple of shares of HEGD.
@Baseball_Fan.... To be nice, I'll mention that Hussman's Total Return fund (HSTRX) only had 2 down calendar years out of 18, with a +5% average return over the life of the fund.
Not sure which of his funds you dabble with. His newer Allocati…
'' Palm Valley Capital (Eric Cinnamond) must not be trustful of the waters. "
No new news there !
Derf
Well, Hussman is still the king of perma-bears. Does anybody hold any of his mutual funds? Even his defense is questionable, and there is…
@msf, thanks for your insights on EIXIX, and the fund's lack of clarity. Its a Legacy bond fund with a short history. I may be reaching a bit for that yummy yield.
Another defensive play is small cap fund PVCMX, which supposedly held an 80% cash …
Was looking for a HY bond fund that had held up decently ("defensive?") in 1Q 2020. Found EIXIX with a 5.5% SEC Yield. $2,500 min at VGD (TF). May be my newest addition.
Looked at GAVAX, gave up quickly on that. Sold my SWAN and DRSK. Not…
Also, new stock trading technologies and the millennial mindset add another new wrinkle for the old equations to incorporate. It might turn out the new reality behaves somewhat differently than the old one did.
Its possible - maybe earnings and c…
The history based models for climate averages may not be a reliable guide for future weather forecasting (due to global warming), but is the stock market history also to be discarded? "Its really different this time." I'm not sure about that. …
@carew, I think you have to really limit your allocation % for any 1 "alternative" fund if there is a lack of transparency or heavy derivative use (the dreaded "black box"). And also because many such funds tend to fall flat over time.
I haven…
With stocks at historically high valuations, and the Fed looking to remove the infamous punchbowl, I don't think I can sit back and JUST DO NOTHING.
I believe we have to listen to what the Fed is planning. If we are in for a "shift", you may w…
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wak…
Did not help that today was Quadruple Witching.
Quadruple witching, occurs on the third Friday of the month of every quarter, in March, June, September, and December, and refers to the simultaneous expiration of single-stock options, single-stock…
SFHYX has performed extremely well, but is somewhat opaque. Would you buy this fund?
The recent issues with IQDAX (Infinity Q Capital Mgmt) have made me hesitant to trust smaller shops that lack full transparency.
Looking back at historical returns, you have to stick with equities over time. Bonds will dampen volatility and can offer ballast, so they have a place in the portfolio. But stocks generate the more solid real rate of return.
Of course, we don't …
Was researching FIDO's structure just now, and found this article from 2016 that I wish I hadn't read. The Johnson family is sneaky, and they seem to use Fido mutual funds for their own PRIVATE gains.
Not sure if this situation has since change…
Just a lot of bobbing and weaving so far - not much (net) movement in the indices. Sitting tight and waiting to see if stocks will finally turn south for that much needed Correction. And waiting.....and waiting. …
