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It took the threat of a govt shutdown to get us off the recent highs? The 1 red flag for me has been the recent complacency in the equities market. That being said, I'd be shocked to see stocks make any major downward moves (i.e. -20% off highs …
Bonds really got clocked today. That rattled some equities.
Explains why so many of my FUTY (Utilities ETF) limit orders got filled today. Can't find good value in many other sectors.
Inspired by @Baseball_Fan's CBLDX suggestion, starting a position. Hate the $49.95 fee at Fido, but love the 8.8% yield on short-term securities. The Fed probably cannot do much additional "tightening" this year. Right? Just in case, I'll add an…
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.