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.
As I understand it,
“Free Ride” is buying a security with unsettled cash and than selling it again before the cash used to purchase it has settled. You got a free ride using Fido’s money. While it sounds dumb to begin with, a Free Ride can occur i…
It was @msf who helped point me towards Fidelity when I could no longer put up with TRP’s horrible service. From the VG stories, I feel very fortunate to have landed where I did. Great service. Great website. However, a brokerage account is a new e…
Listened to Summers again. He’s afflicted by the “ahh” syndrome which detracts from his speech delivery. These are known as verbal pauses. A good speech coach could correct that with some training. His delivery is also very slow. Such defects…
Yes. Transition certainly can be used as a verb. But I suspect common usage as such is rather new.
Don’t panic. Sounds like the kinds of snafus that come up when humans and computerized systems interact. There was a lot of discussion here about a y…
@hank, I only watched the first five minutes or so and likely not get to it until late Sunday. A
It would be nice to hear any takeaways after you’ve watched. Generally, the recent rally in equities seems to have surprised everyone, including most …
Did anybody get anything out of this week’s show? The first 2 guests were well qualified. The woman was from Invesco. But I thought they spoke in broad generalities. Geez - Can we stop second guessing what the Fed will do next? Even the Fed members…
This is my fear as well.
Many supporters of former POTUS believe the "Big Lie" and think this FBI investigation was politically motivated.
Alarmingly, some supporters are extremely violent and present a clear and present danger to society.
Yep - Th…
Thanks. Call me dumb, but how can we be sure he didn’t have these documents duplicated in some manner? Maybe Steve Brannon or others also have this top secret stuff?
Where I fear this is leading …
Text of full article WSJ August 12
Title: Man Who Brandished Rifle at Cincinnati Office Office Killed in Standoff
“A man armed with a rifle tried to break into the security screening area of the FBI’s Cincinnati fie…
Information on Nuclear Weapons Among Items Sought in Search
“FBI agents who descended upon Donald Trump's Mar-a-Lago estate were searching for classified documents concerning nuclear weapons that the former president was suspected of improperly re…
"Perhaps it’s time to dub Republicans the Do Nothing Party”
Party or insurgency?
From Merriam-Webster: Definition of insurgency - “the quality or state of being insurgent, specifically: a condition of revolt against a government that is less tha…
@LewisBraham - Agree with your above synopsis. I occasionally stay a few days at a resort in Hilton Head. It is inside a very large gated community along the coast with many private residences as well. A unique experience for me. I am struck by th…
Howard Marks - Which Way Now?
He suggests that rather than in/out or buy/sell, make portfolio adjustments according to own risk level.
https://www.oaktreecapital.com/insights/insight-video/market-commentary/insights-live-which-way-now
Marks suggest…
Just to update my earlier numbers. TROW fell back a bit from earlier in the day before the close. Closed at $129.87, a gain of 4.17% for the day.
When I initially posted this thread 7/10 it was $113.68. Buying at that price would have resulted…
Trump just took the Fifth in a NY business practices deposition.
In 1926, F. Scott Fitzgerald wrote that the rich “are different from you and me,” and Ernest Hemingway supposedly retorted, “Yes, they have more money.”
If you live in a clownish …
Right or wrong I bail on new positions if they hit an 7-8% loss. It's benefitted my bottom line a bunch. It tells me that I took those positions too early, that I need to have more patience and/or that I don't have a full understanding of the equity…
What a move! Umm … I track lots of things just for fun. +15% over a short period is a nice gain. Not uncommon in today’s volatile markets. Capture an quick gain like that and reinvest it back into your (more conservative) overall portfolio. Helps …
I may have called the bottom on this one. TROW has steadily risen from around $113 a month ago to $130.50 now. Up 4.70% today alone and a total gain over 15% since I mentioned it.
No, I didn’t buy it. Hope someone else did
@Derf says “You can’t…
ISTM this type of focused industry is a bit risky for the average investor. I haven’t a clue whether the gambits will pay off. If based on one’s analysis of the relative health and valuation of the component industries, than go for it! If the motiv…
I do think a couple knocks on the ol’ pipe would have been appropriate here (or 3 on the ceiling).
Fun to hear that one again.
Glad you liked. You know, I probably listened to that song a hundred times when it came out back in the 70s. A lot of…
Yes, a thoughtful opine by LB. I’m under the impression fees have been falling for individual investors, however, for years. (Doesn’t negate Lewis’ point.) I recall at work in the early 70s the original 2 options in our 403-B were either to inves…
Good luck @Crash
Individual equities are in a different league (than funds) for sure. More risk / reward. Of course, I’d never give advice or offer an opinion on someone else’s deliberations in that regard. In addition, I won’t even divulge my i…
+1 Mark / 17.5% here. (5 or 6 different ones)
But I think it all depends on the particular stocks and also achieving some balance between the sectors so they don’t all move in the same direction. I’m just a novice on that front, but I’m sure I …
Sausage is made.
Manchin takes a lot of heat. But have you ever spent time in W. Virginia? I have. It’s a miracle anyone labeled D could ever get elected there. Rascals like Graham (SC) are far more likely to win. As a friend sometimes reminds …
ISTM Alternative funds occupy a bizarro corner of the investing universe. For lack of a better source, U.S. News does offer up a mixed platter of such funds. For those interested in return, checking the 5 year + return of some of these might give …
- “I’m not against alternative funds perse … But when do these winning alternative funds get mentioned? When do they come into MFO attention? - when they have already made their money. That's my point.”
- “I'm sure there are some here that are good…
As I mentioned earlier, I swapped out GATEX with NLSAX in my alternative sleeve. I thought the reasons might be worth explaining …
In late March of this year Warren Buffett agreed to purchase a stock I held in the alternative sleeve of portfolio.…
@MikeM, The Professor’s a true “buy and holder” from what I can recall. However, does make adjustments occasionally. I’m eager to hear his more recent take on TMSRX. (An alt fund?) I think he owned a fair amount at one time. I and a few others ha…
@Crash, I like the suggestion from David. Also, I’ve found nothing works as well as a carefully typewritten letter outlining your case and sent to a company’s customer relations department by certified mail. It serves notice that you’re a literat…
“With the continuing advance of machine learning and especially AI, I wonder if active investing is truly doomed.”
Say it ain’t so, Joe!
- Libraries begin removing from their circulation shelves the works of Graham, Lynch, Bogle, Tobias, Marks,…
Rattner manages Michael Bloomberg’s personal wealth and also his philanthropic investments. So they provided a disclaimer early on. He seems of a more liberal social / political bent than your typical big time money manager. I didn’t care for the f…
