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.
Both of you are correct @Yogi &@catch22. Too many “balls in motion” to get an accurate read. But I was surprised (not comforted) that the amount remaining in my IRAs today, after appreciation of course, (in theory) should “buy” more goods…
“ … the only investment site I’ve seen where political posts—by a huge margin from one side of the aisle—have hijacked the conversation and driven incivility to the forefront.”
@FD1000 - I just counted the threads directly under this one and …
Results of the 2 calculators seem pretty close. Thanks Catch. Were I to believe this nonsense, my accrued savings / investments are worth more in buying power today than when I retired 25+ years ago, despite generous withdrawals for all sorts of thi…
Along a different vein, ISTM that when it comes to “funds of funds” M* reports the fees differently for CEFs than for ETFs or OEFs. FOF, a CEF that invests in other CEFs has only a 0.95% ER at M*. That very unlikely does not include the fees of …
And the knowledge gained in all things financial over the years has allowed us to award our own degrees in 'economics' to ourselves. :) We've been able to share and pass along the knowledge. Compound, compound, compound !!!
Yes. I’ve learned so muc…
Bunch of stuff today.
Moved 3rd and final 5-figure slug this summer into cash for ongoing home infrastructure project. Would have preferred to use home equity - but not at current rates. (Funds are held under Roth IRA umbrella until actually spen…
Nice chart @bee / Pretty bubbles. I didn’t realize Franklin is so high. Must be their legacy OEFs. Their etfs are quite reasonable. One good one I’ve held before is LVHI which continues to ”shoot the lights out.” I track it expecting it to falter - …
Thanks @Mark / @msf
CEF Connect did the job (provided the fund existed in ‘08). Losses appear in line with how growth stock OEFs performed. The worst one of what I hold, UTF, lost 57% in ‘08. I’ll probably sell that one. Two I plan to add are FM…
Thanks @yogibearbull. Nuveen’s “CEF Connect” site does display not only the chart view but also the actual gain / loss for NAV and price in table form. 20 years appears to be the max allowed. I just needed to dig deeper. . M*’s chart wouldn’t wo…
Very interesting. Wouldn’t AI be best for this? Could tell you what to do in real time faster than any human. Probably cheaper to administer too.
Maybe folks that use robos would share their success stories. I’ve never used one. Wish @MikeM wou…
Interesting. Thanks @Yogi. It’s the difference between NAV and market price that makes CEFs intriguing. I like that they don’t always trade in sync with the underlying assets. Sabra is intent on destroying these entities and converting them into…
Well stated @a2z
Gambling is a bad habit and very addictive. Over time I’ve gotten reasonably good at keeping myself on a short leash in that and several other respects. :)
As far as sitting tight on savings … when I replace a window in my home i…
” Bear markets do not go straight down. They are punctuated with ‘rip-your-face-off’ rallies based on big headlines, extreme investor sentiment, and experience that buying the dip usually pays off."
Absolutely correct. Thanks for posting. I’m gla…
That article is from 1/24/2025. (Wall Street underestimating)
Good catch. My goof. However I listened to Ives last evening on Bloomberg repeating the same belief. comment. If I can dig up a more timely citation I’ll revise my original comment. Than…
Dan Ives (Webush Securities) remains bullish on tech.
In summary:
- in January 2025 Ives forecast a 25% gain for tech stocks in the year.
- In late March / early April he turned bearish calling Trump’s tariff war a “disaster” for the sector.
…
S&P tops key technical level - From Barron’s May 14
”Bulls should also be celebrating the S&P 500’s move above its 200-day moving average, an important technical milestone, on Monday.”
“Adam Turnquist, chief technical strategist for LPL F…
"Experts say any such gift on a foreign government's behalf presents opportunities for surveilling, tracking or compromising communications of the president and anyone traveling with him. “
No worries at all! They have Signal to take care of that.
…
“Qatar's offer of a luxury Boeing 747 to President Donald Trump has set off alarm bells within the US intelligence and diplomatic community, where gifts from foreign powers have long been viewed with suspicion. Aside from any legal and ethical q…
Fidelity brokerage suffered a temporary outage due to heavy volume on their website.
Article
My trades Monday between 9:30 and 10:00 AM (sell 2 stocks / buy 2 CEFs) had been planned over the weekend. Had little to do with the ”unliberation” even…
That’s a very good guess @Mark. I’ve been whipsawed before holding mid-cap stocks that were largely institutionally owned. Sometimes feels like the big players trying to drive out the small investors when a company’s stock continues to fall despit…
Excellent & comprehensive look at many different investments. Need to wade through considerable “small talk” early on. Substance later. Every moderator has his / her own style.
Enjoyed his take on high yield spreads as both “predictive” and …
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If I understand SEC regs correctly, the fund is only required to report holdings quarterly. Possibly there’s some new position not yet reported.
(Thanks for posting a new topic.)
Don’t know. The fund has 55% in its top 10 holdings. So one bad actor could ruin the day.
Safe havens like utilities got hit pretty hard today. And bonds fell as rates climbed.
Gold took a thumping. GDX (gold etf) lost 2.82%. Miners got hit ex…
Pete seems to have nine lives. Trump must think he is just as good as 5 stars generals.
Lost at Sea - ”In the extraordinary mishap, the $70 million jet was being towed out of the hanger bay of the USS Harry S. Truman when the crew lost control.”
Thanks @Mona - I skimmed through it. Buffett comes across very well. Coherent and convincing. An advocate of a fairer tax system. I wonder what the year was? I looked at a 2013 Buffett interview with Rose about investing and thought he rambled a l…
I hear that's not going so well.
My point precisely. It’s tough giving up messing with stocks. You say to yourself “Just one or two won’t hurt … “ Then you’re hooked again. I think Pete’s days at DOD are numbered.
Yes, I remember Ed fondly.
Mark - I realize now my earlier post was pretty confusing. Logical question: “What are stocks doing inside a CEF Basket? It started out well (all CEFs). Like Pete, I couldn’t resist temptation and added a few st…
Thanks for the question @Mark.
In February I became disenchanted with one large core holding, an etf “fund-of-funds”, and decided to create my own fund of funds. The idea was to construct a basket of CEFs which would replace the 17% core posi…
In my 14 component CEF basket:
- Sold RIO after a roughly 15% gain in about 8 weeks
- Sold FLO after a roughly 15% loss in about 8 weeks
- Added MCN
- Added HEQ
Took the ”Hegseth Pledge” (Never again touch a drink stock)
Trump must have studied Orwell’s book.
“1984 by George Orwell is a dystopian novel set in a totalitarian society ruled by Big Brother and the Party, where surveillance, propaganda, and thought control dominate. The protagonist, Winston Smith, works…
PRWCX has been closed for years. AUM $64.1 billion.
Yes. Of course. But I believe money has until recently continued to flow in from existing shareholders ballooning the total AUM. Also, ISTM there are still some avenues for entry. There have been…
Thanks @Charles. Nice charts.
After today PRWCX is off about 3.5% YTD. Truly insignificant following consecutive years of +18%. and +24%. The fact some $$ has flowed dribbled out does not surprise. I’d have expected more.
”Fund flows are kind of funny”
I’ll say. I’m having trouble finding a common thread. It does look like bond funds have generated more interest over the past year - perhaps partially owing to the very high stock valuations and folks locking in ga…
