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.
Good post. My underlying philosophy says that selling when something is down “locks in” a loss and rules out benefiting from eventual reversion to mean. I almost never do that unless I’ve made a relatively recent misstep and decide to reverse cour…
We had a pretty good discussion about this fund a while back. Here
If you liked FMSDX when you bought it and if those reasons are still pertinent today, I don’t think I’d sell. However, that’s not intended as investment advice. I checked another …
@msf - First, thank you for your detailed response and for all the dedicated work you do at MFO. Folks are fortunate for your labors.
I believe that you and others are making lots of assumptions. Nothing wrong with that. So far, over the past 3 o…
“We have recently been DCA'ing into the iconic FSELX - Fido Semis, DOWN ~22% YTD”
+1 / Makes infinitely more sense to me than buying something that’s up 22% YTD as some appear to do.
I could move some of the money in PRIHX into I Bonds. But I’m not moved to do so. Don’t like selling at the bottom. Very little committed to cash. Less than 8% of entire portfolio presently. Cash facilitates my (too frequent) tactical moves. Wi…
:) Must be tough not knowing what to do with an extra $1M ...
I’ve stayed away from this vehicle not wanting to restrict my fixed income investments in any way. Probably dumb on my part, as 7% today is kind of like giving candy away. But I value…
I still print and mail everything. Plan every year to owe just under $1,000 (federal) which I cover with a single check. After the Roth conversions, however, I printed out a bunch of IRS payment coupons from online and mailed them along with a che…
- Baron talks a good game. The “slow and steady” investment approach works, provided one has (1) the time horizon and (2) the patience. The latter can be learned. The former cannot.
- Re Elon Musk: It’s been said, “There’s a fine line between geni…
From Saturday’s WSJ:
“Walmart is paying up to keep on trucking. The retail giant is offering truck drivers up-to-$110,000 starting salaries and expanding a training program that enables its employees to enter the field to grow its in-house fleet.”
…
Doubled down on DKNG at $16.50. To make room, sold CVSIX. Moved GLDB from spec position into fixed income sleeve. With the 10 year above 2.7% I believe longer dated higher rated corporates (GLDB) are beginning to look attractive as offsets to a po…
Here's a tiny bit of anecdotal information from someone within the industry that provides some perspective on recent inflation affecting groceries. The source of rising prices identified here is not necessarily what I would have expected:
“I would…
If you can look past that 25.62% drop in the first quarter of 2020, it’s had a nice run. Generally, commodities performed even worse than the S&P & other major equity indexes during that quarter. Canada? Think lumber, oil, precious metals…
I'm going to put an order in tomorrow for ARB, but the etf may be too illiquid for Fidelity's taste !
I sometimes buy and sell funds Fido terms “illiquid”. (GLDB is one.). When you begin the process, Fido will display the latest “bid” and “ask” …
Itching to buy something ...
Blood starting to trickle in the streets ...
Thinking ...
There are too many catalysts in the near-term to go whole-hog on the long side, but DCA'ing into positions during volatility drops over the near-term should…
Hats off to VWINX. I don’t own it, but if my tracker is correct it lost a penny today - a negligible amount on a day when bonds were hammered. Cripes. DODBX outperformed DODLX today!
For the math people - Bill Fleckenstein posted this yesterday ...
The Street's Favorite New Chart Pattern: ‾\_(ツ)_/‾
Personal note: I’ve cut back fixed income over past few months, so maybe I’m being hypocritical, but my guess is that piling ou…
Thanks for taking a look. Yes, if I were to do it again I’d do it differently - weed out duplicates (same fund / different share classes) and toss in more variety. Ran out of gas late last night and been traveling all day today.
There was a certa…
I don’t think we’ll see anything near 10% Y/Y inflation (CPI) this year or next. As for the “general public” I have little faith in their understanding of money, markets, financial planning. We’ve been dumbed down and polarized as a society compared…
Many thanks folks. I’m learning about funds I didn’t know existed. Since many offered their YTD return, I’ll venture outside my comfort level and say that at Friday’s close I was down 1.05% YTD. With me, everything revolves around the benchmark. Min…
Thanks for the insights @BaseballFan.
Your questions are beyond my pay grade.
But according to the linked article U.S. housing prices climbed to a new record level in March. From my general reading a lot has to do with (1) rising lumber and mater…
@BaluBalu - Not perhaps the answer you want. But look at inflows into SARK which opened in November. According to Lipper it already has $324 M + in assets. The fund shorts the stocks ARKK owns. There’s probably is information out there on short i…
“Also, curious as to why all the attentionon Wood/Arkk...meself,”
Agree. The fund has ISTM received an inordinate amount of commentary in the media (and perhaps here). I guess the media likes bright and shiny objects - likes them even better afte…
@Mark. Clearing all data in my DuckGo browser did pull up the article as you linked it above in full one time.. Thanks.
Read Barron's, but don't bet the house (-:) on anything Barron's say.
Yes. If a company intrigues you, put it in your tracker a…
“It is up to the investor to have at least some degree of knowledge what they are investing in (and some degree of knowledge about investing in general) … .”
The “Catch22” here - Most of us acquire that knowledge gradually over years of experience…
Well said. Thanks @msf and @LewisBraham -
ARKK is probably up 15% or more from its bottom. (Lipper has it up 12% over the past 4 weeks.) A few lucky or skilled traders have now perhaps gained a bit at the expense of the less fortunate. I’d venture …
Learned from both of them. Good interview.
I agree. Both the ladies in the first segment provided some interesting perspective on markets. Honestly, I’ll rewatch the program at least one more time before I comprehend everything covered. ISTM there w…
On the other hand …:
“The S&P GSCI, a benchmark tracking the prices of commodities futures from precious metals to livestock, has climbed 29% in the first quarter, notching its biggest gain since 1990 … U.S. crude oil prices have climbed 33% t…
I don’t think @rono is in total disagreement here.
If I read him correctly, this ban on certain hours is like sticking your finger in a single hole in a leaky dike. I encountered that often in the workplace. Bureaucracies often prefer to plug the …
“had loud early-morning protesters outside her duplex.”
I agree with freedom of speech / freedom to picket public offices. But here it sounds more like harassment. I wonder too about carrying these protests to private residences. What’s wrong wit…
Thanks for the clarification @MikeM. Lipper must have both in the wrong category. It calls JHQAX long-short and GATEX market neutral. Obviously the second is wrong. And I’ll take your word they have JHQAX miscategorized as well. I know little about…
Since we’ve expanded this to advantages of credit cards over debit …..
Don’t take my word for it, but ISTM some credit cards provide a form of (secondary) collision insurance against accident damage on cars you rent using their card, I can only har…
@Mike was referencing GATEX which I’d just bought. Owned a decade or more ago and had been considering for a while when a spot opened up in the portfolio. As I understand, the fund owns a portfolio of equities similar to the S&P, but generates…
