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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.

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stayCalm

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stayCalm
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  • Berkshire does not control PGE rates. Or am I missing something? PGE history of mis-management stretches many decades, way before PacifiCorp became a subsidiary of Berkshire. In 2019, CA asked Berkshire to purchase PGE which Berkshire refused.
  • How is Berkshire desire for profit tied to politics around PGE/California/conservatives/failure of privatization in CA? I'm personally not in favor of complete privatization of electricity but other states have made it work. Buffet has sounded the…
  • The bulk of my portfolio is with Schwab but Fidelity is way better than Schwab in tech and customer service. Plus auto sweeps into high interest MM account vs. Schwab where it can only be done manually. Schwab CS is very friendly compared to Fidelit…
  • These funds were up today CCLFX CEDIX NICHX QLEIX CELFX IMPCX QMNIX UVXY TAKNX was flat
  • Lotsa ways to slice and dice data to support a bearish or bullish bias. To wit. Rolling returns remove some of the bias inherent in picking arbitrary start and end dates to compare performance of two securities. Using FSELX vs. BIVIX as an example. …
    in MRFOX Comment by stayCalm February 12
  • I was intrigued by the recent references to FSELX. Very impressive performance for sure. That said, over the prior 3 year period (this is my preferred benchmark) ending 01/31/24 and starting 01/31/21 BIVIX has handily beaten FSELX and this even afte…
    in MRFOX Comment by stayCalm February 12
  • I like to compare funds against ticker NICHX (due to returns, Sortino ratio and low market correlation). MRFOX stands out on various risk and return metrics, the other two Jain funds not so much. I am impressed by MRFOX policy around only eating yo…
  • Fees are stiff when compared to offerings from an experienced player like Cliffwater. Unfortunately this is a feature and not a bug for these types of "mass affluent" products.
  • One could make the argument that TROW is trend chasing but the private credit business is doing quite well at this time as traditional banks are in a defensive mode. See CCLFX, CELFX and CEDIX recent performance.
  • Thanks for everything you do Charles. I'm handy with tech, happy to help if you need any. Reach out.
  • Hello, The screener still states "As of Month Ending June 2023" Will there be an update through end of July? Ty
  • The 1% penalty is a joke. GOP has already secured a 3% increase in military spending which is the only thing that matters. So defacto, the GOP is more than happy to incur a 1% penalty because that is an automatic spending cut. What are the Dems smok…
  • McCarthy supposedly only has around 150 votes. If Dems have to produce the remaining votes to get this over the line, this is a p##s poor deal for Dems. The manner in which McCarthy and Biden are framing this to their respective conferences tells t…
  • Republicans agreed to this deal primarily because of the 3% increase in military spend vs. no increase in discretionary non-military spend. No industry has a tighter hold on GOP than the MIC. In effect Biden had to dole out a 3% bribe to protect o…
  • @dtconroe Thanks for the personal story. You captured well what are the likely considerations in millions of households. I personally don't believe it is feasible to have sequential progress. I.e. Everybody's suppertime issues get fully resolved …
  • Hehe, Freedom Caucus, specimens like Chip Roy and the greatest Prez of all time control a lot more of McCarthy than his ears! McCarthy was kissing Trump's ring less than 4 weeks after J6. And this after strongly "denouncing" Trump actions on J6. T…
  • I'm puzzled at the comparison between the commentary on a forum like this composed of individuals vs. the hacks on the "news" networks whose agenda isn't to actually serve objective news and commentary to the public but deliver eyeballs and $$ to th…
  • Democrats are losing the PR battle and the actual battle on this. Striking that a GOP House majority of 5 seats can call the shots over a Democrat controlled Senate and WH. What were the Dems smoking when they intentionally chose to not take any act…
  • @Riskless 10%+ can be easily chopped from discretionary defense spend with no impact at all to our military capabilities. But then how would the GOP pay for their masters in the MIC. Kissing the ring isn't sufficient payback ya know, it's just cher…
  • McCarthy resorting to Dems to maintain his position as Speaker might get him through this session of Congress but that would be the end of any chance of him remaining Speaker in future sessions. He could even lose his seat in the next election as Er…
  • The pieces are now falling into place. Biden has given a heads up that invoking the 14th(eventually) is on the table. This is basically a dare which will further harden the GOP stance making a technical default almost certain now. The debt ceiling …
  • @MikeM That is a fair point. GOP voters will blame who Fox, Tucker and the political "leaders" will direct them to blame. So hopefully Dems do a better job in explaining it better to the masses.
  • I agree with the view that the optics of invoking 14th before an actual default will be much worse than doing it post default. AOC assessment is also correct -- forget McCarthy actually knowing how many votes he has, the t**d can't even differentia…
  • I'm expressing an opinion like most on this forum.
  • A default will happen, the 14th will be invoked, emergency petition will be filed in SC and SC will validate the use of the 14th. That should put a nail in the coffin of a debt ceiling law that conflicts with a constitutional amendment and return(r…
  • In a world where January 6 is viewed as a peaceful protest, the protesters as patriots who will be pardoned and a live TV audience that laughs when Cheeto jokes about an assault charge and conviction a debt default is a pretty abstract event for a s…
  • Recently I found out that the Orange Julius years produced yuuuge juicy budget surpluses. In fact the surpluses even paid for the entirety of the big and beautiful 2000 mile long and 200 foot tall wall at the border which even the Chinese were awest…
  • The debt kept increasing during Drumpf's time in the WH and the GOP thugs happily enabled it. The GOP didn't suddenly discover religion on debt and deficits during Biden. This is naked politics and McCarthy does not have the cojones to take a princ…
  • @msf Good post, I stand corrected. As listed towards the end of your post, no country has debt ceiling circus like the USA where the minority party can hold hostage the majority party or the party controlling the WH.
  • @dtconroe No other country has a concept of debt ceiling as far as I know. The stupidity of our system is to handle budgets and debt ceiling as separate issues when they're not. Decisions and projections(or their failure thereof) embedded in the bu…
  • Fair enough, I meant spend and income decisions. Point was that the current game of passing budgets and then wrangling separately over whether to actually pay is stupid and needs to end.
  • I find it quite remarkable too that VIX is at current levels with everything going on. Methinks that VIX is being manipulated too just like rest of stock market.
  • Not a lawyer by a far stretch but to me, there cannot be a ceiling for debt that has already been incurred by Congress itself. I hope this goes to the SC and the entire silly concept of debt ceiling gets busted once and for all in favor of making s…
  • I've lived in TX for 17 years and moved from CA. TX today is very different than what it was in 2006. I wouldn't move to TX today. This is a state full of nut jobs at every level of government. Abbott and Patrick would make Taliban proud. TX lack o…
  • The time for discussions around "what can we afford and how do we pay for it" is at the time of setting the budget. Not after already incurring the expense.
  • Nothing will be safe with an extended default by the US Govt.
  • The Democrat stance of no negotiation because there was none during prior debt limit raises under Trump is untenable. Past is water under the bridge, the Democrats will have to negotiate. Till then it is a game of who blinks first. MAGAts like Gae…
  • Democrats will need to come to the table and negotiate. McCarthy would rather keep his job and have the US default vs. negotiating with the MAGAts. Nothing is off limits now in this new world, I expect a default before a compromise is arrived at.
  • For the audience on this forum at least, I agree with stillers that these articles are kinda useless. For the very long term, passive beats active but in interim periods active can and does beat passive. Also an entirely different story and stats ca…
  • - I've never heard of a 1031 exchange for a MLP (does not mean it can't be done and based on a light skim I agree with you that there is no blocker) so perhaps there's not much benefit to it. - The PIG/PAL restriction for MLP's is quite material com…