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.
“I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.”
Gordon Gekko (offering a job to Bud Fox)
We can't force the timing, though. It might be starting here, but this week is just as likely to be nothing - a minor blip.
Remember Meredith Whitney's classic MUNI bond "crash" call back on 60 minutes years ago? Nice pearl necklace and all. The…
Remember these days?
Q: What was the interest rate on a savings account in 1980?
A: 19.5 percent
Since inflation was still high at more than 12 percent, the Federal Reserve hiked relentlessly between August and December of 1980, bringing the ta…
Initiated positions in ONEQ and V today, buying fractional shares at FIDO. Slicing and dicing with each incremental drop. Along with FSMEX cost averaging, can start to build the volatile/riskier side of my portfolio.
Need more days like this. M…
We all know this market is nuts and artifiical due to balance sheet expansion. We know it is dangerous. But we are humans and are greedy so we "play" the markets.
Baseball Fan
I think we are FORCED to play the markets because of Fed tampering. …
A US equities correction (-10% to -20%) is overdue and would be healthy for the markets. We are far from "...fundamental reality." We have a Fed that is very interested in keeping things fluffy, and that goes a long way in bubble-land.
Even o…
Lots of breasts here.
For a second there, I thought this thread had really gotten interesting.
Carew, I've been diligently adding to my boring merger-arb funds as well (MERFX and BALPX).
Beats buying bonds. Wish I had some PRWCX.
Based on recent performance, at least this fund is not afraid to place its bets. BIVRX is up over +3.1% today. Most long-shorts don't ACTUALLY do much shorting. Ever. So at least BIVRX has something going for it in that sense. Its not a typi…
Its so scary to buy equities at this point, but FOMO keeps you playing. Some kind of hedge seems sensible - I've been watching HEGD, slowly accumulating.
Carew, just came across your $10K threshold. "You were right." Had to google it, could not locate directly on Fido's website.
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/mutual-funds/2020-08-31-Excessive-Trading-Policy-Web-…
JD I thought short-term fees were eliminated for transactions under 10k. Do you have a link showing all short-term fees for fidelity funds have been eliminated? Thanks !
Here ya go: https://www.fidelity.com/mutual-funds/all-mutual-funds/fees
"Sh…
I'm investing in etfs solely to avoid early redemption fees. If, for example, Fidelity would eliminate early redemption fees on their funds, I would buy their funds and reduce my etf purchases.
Hi Carew,
Fidelity eliminated short-term (under 60…
You could tell by its recent pricing behavior that TMSRX was short or neutral on equities this past month. But that's part of the allure of "diversifiers" - they can cut against the grain, at times.
Can mgmt at TRP time these market moves corre…
On the bright side.... maybe they won't moan and groan too much when their taxes go up a bunch.
Part of being rich is acting indignant when your taxes are increased, however small the %. And then having access to the political offices (and lobbyist…
FD1000 can write 10 words and I can make a fortune.
Sounds like you 2 should get your own (chat) room.
Sounds like you can't face reality. If you are interested in making money while achieving great risk-adjusted performance pay attention.
Nobod…
FWIW.....from the 12/31/2020 Finls (unaudited) Edgar filing:
Note 10. Other Affiliate Matters
The Investment Adviser has historically been affiliated through common control with Highland Capital Management, L.P. (“HCMLP”), an SEC-registered invest…
Way to kill my new fav fund, Fred! Wish there was more clarity on the status of that 2019 bankruptcy filing.
Regardless, there are clearly some underlying fiduciary issues when investing with Nexpoint/Highland. Cannot trust this mgmt group (l…
The stock market can't just go up forever. Per the Motley Fool's "A Stock Market Crash May Be Imminent" article (bold added by me).....
"Dating back 150 years, there have only been five instances where the S&P 500's Shiller price-to-earnings (…
Many fortune-tellers are predicting a possible pullback sometime later this year after some more gains. But the market never does what the analysts (or anybody else) think it will.
My darts say S&P at 3800.
Annoying that so many of my recent Fund purchases at FIDO have had Transaction Fees (i.e. ARBIX, HMEZX, FPFIX). I would usually refuse to pay $50 a pop - feels like a corporate donation.
I will DCA when market cooperates.
Oh man, how long have some of us been waiting now? Seems like forever. The Fed will not let these markets fall. Not even a bit.
Interesting to note that there is a 2nd, newer version of this fund - ticker JHDAX - from JP Morgan that has different Option contract rollover dates than the original fund.
It is currently available at Fido with $1K min (NTF, Load-waived).
I worked for a small "boutique" investment bank in NYC about 15 years ago, and the analysts there would often work wicked hours. Sometimes, when working on a deal, they would sleep at their desk (or under it) for a few hours overnight. Weekends …
Going with the "George Costanza method", bonds look GREAT right now, especially longer maturities. But equities would look even BETTER through this lens.
"YOU CAN"T LOSE".
>> Ken Heebner at CGM was briefly a god in the 1990s
huh?
CGMFX was a hot fund back in the 2000s. I might have been off by a few years (or a decade) when I posted "1990s".
Fund managers can typically only beat the indices over the short-term, as the law of averages catches up. Sometimes a PM gets hot....and then later on, not so hot....
Ken Heebner at CGM was briefly a god in the 1990s.
Bill Gross was the bond kin…
Dow ends at a record high while Nasdaq remains in correction — That hasn’t happened in over 20 years.....
The Dow has not notched a record high while the Nasdaq Composite has been in correction territory since around the time of the dot-com boom an…
JonG, this mutual fund is considered a multi-sector Bond fund that seeks to outperform the U.S. aggregate Bond index, but with lower volatility. It focuses mainly on MBS (mortgage backed securities).
Not sure it would be fair to compare this fun…
