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.
“Stay dry” and “invest in a beaten-up fund” would appear to be an oxymoron.
Barron’s this week is pounding the dumb for home builders - again. Wouldn’t be my choice. ARKK is up 18+% past two weeks or I might have suggested that.
No suggestions. S…
Larry Summers unloaded on the SC in his commentary on Wall Street Week Friday. I can’t do him justice except to say he finds it “alarming” that a SC can break with long established prescient in such an abrupt manner (on both the gun issue and abort…
Just a friendly reminder that getting back to break-even requires a greater degree of portfolio change than on the way down. Someone who’s down 20% YTD would need a 25% increase in portfolio value just to get back where they were. And if you’re …
Hank, What is the name of the app you are using. Link doesn't work for me and a search on the Apple app store brings up a few to many.
Yep. There are dozens. Most are awful. Must have tried about 10 different ones over the years. I pasted the trac…
I intend to discontinue using M* tracker as of today. Still need to monitor my new app for about a week to make certain it’s reliable day to day. But so far it’s awesome. Hopelly, in a week I can scuttle the M* tracker completely and send it to a …
How is DK doing ?
LOL / DKNG is alive & well. After exiting and eating a small loss few weeks ago, got back in at under $12 last week. Slightly ahead now. Just play money. If it would start going up, I’d hang on a long while. Kinda like bet…
@hank are they, Fido, privately own ? Well if that's the case try Schwab or Bl. Rock. Now I'm wondering how many brokerages are available via stock purchase ?
As far as I know, Fido is privately owned. There’s another thread running on prospects fo…
TCHP. Did you see the P/E on that bugger??????? 31+
Owning things like Microsoft, Apple, META and Tesla will cause a high P/E. I compared TCHP to a RYT, a popular Invesco Tech ETF, and the P/E is similar. Of course DCA’ng in gradually during a f…
Not a website. But $1.99 a month gets you a fantastic tracker if you use IOS devices. I’d guess I’ve spent about 6 hours over the weekend mostly just learning my way around - plus setting up multiple portfolios. One emailed question to support was…
The next question is how to prepare for it on your asset allocation/investment vehicles so you can survive it better. Challenges today is that the traditional bonds and equities are falling at the same time and there are few viable alternatives. …
Anybody else suffering from “information overload”? Love all this stuff. But just can’t keep up with all the financial information: WSJ, Barron’s, Fleckenstein’s daily blog, Stack’s monthly newsletter and weekly hotline, Bloomberg TV & radio, …
@BaluBalu, I have no issue with the spreads. I’m happy to supply the bid / ask quotes when I have access to them as you earlier seemed to request. :) But, I’m beginning to think that you or anyone else can probably acquire the same information on …
@hank, may be edit the Subject to fix the ticker. Thanks.
BTW, bid-ask displayed over the weekends (or, when the markets are not open) are stub/fake quotes, not real at all.
Yes. I took a screen shot when I did a test buy today. It shows: Bid $14.…
There’s an extensive interview with Summers in Barron’s this week. He reiterates and expands upon the same points of view voiced on the show. I also record the show.
What I enjoyed most on the most recent program was the brief 1971 clip of a youth…
“When you buy, please post here about the bid-ask spread.”
OK. (More of an if than a when.) But happy to share whatever I can. I believe anybody with Fido can submit a “tentative” order and view the “ask” / bid” prices without actually putting it t…
Sorry my Kindle subscription won’t link to board. It’s a bit of a struggle just to excerpt short passages and post those. One way to dig up the article online is to cut & past the excerpt and than search for it. With some patience and using “D…
PRELX isn’t hedged (against currency risk) as PREMX is.. So the strength of the Dollar should have whacked it even harder. PREMX was always the mild mannered sister to PRELX.
Here’s an additional excerpt from the same article -
It now trades cheaply at 10.5 X projected 2022 earnings, and yields 4.5%. T. Rowe Price also has one of the industry's best balance sheets, with $3.5 billion, or $16 a share, of net cash and fun…
“Mary Ellen has 43 years of investment experience managing a broad range of fixed income portfolios. She is responsible for the formulation of fixed income strategy as well as the development and implementation of all fixed income asset management s…
How do you manage through a cycle of rising interest rates and higher inflation? There aren’t too many money managers who have that experience … The bond bull market began in 1981.
That’s about 41 years ago.
Let’s assume the manager had a minimum…
A rep from Metlife shined some light on the .75 bp rate hike (he thinks overdone) and the housing issue on Bloomberg this morning. On the latter he noted that by making houses less affordable, the higher rates are pushing more and more people into t…
Just to correct / update my earlier post. The IOS app I referenced costs only $30 per year (at Apple’s App store) - not $50 as I earlier stated. It’s called “Active Portfolio.” No ads. No hassle. Somewhat deficient in being up to date with 100% …
@BenWP - Not dumb for paying for it. I think the price a bit steep unless one uses all their other features. I don’t. But nothing wrong for paying for good service. My guess is that with Apple and some others helping users block tracking cookies, t…
The broader market on Thursday, the day after 75 bps rate hike is all red. And now it is in bearish territory with DJIA dripped below 30,000.
Yes - I noticed the slide to below 30,000. What a contrast to less than a year ago when some were buying …
I pay about $50 yearly for an app from Apple’s store. Positives and negatives. Usually one of the prices on a fund is inaccurate or missing.
M* has been fine over several years.
I’m looking now at Yahoo‘s free tracker. Provided recovery email. …
Personal Capital is a good (free) choice, which I use for periodic snapshots of my portfolios.
These guys require a phone number. Wondering if they’ll sell it to advertisers or use it to pester you?
I may be “whistling in the graveyard.” But, when I see PRWCX (no matter who the manager) off 15+% YTD, it gives me hope the broader equity indexes are near half-way down to their maximum losses. Check ‘07-09. I think the fund’s around 50% of the w…
Not too bad considering its Fidelity and Vanguard peers are down a good bit more:
TRAIX (I class of PRWCX) (14.95%)
FBALX (19.09%)
FPURX (17.36%)
VWENX (17.55%)
and outperforming S&P 500 substantially
DODBX is down 10.56% YTD (lags farth…
'Extreme Panic': 3 Reasons Why Bitcoin Is Plunging - Story
This is one thing I’ve never messed with. Not that being in the stock market has been much fun lately.
Sad for those harmed and worrisome for the economy and other markets I’d suspec…
There seems a leak or many guesses in the media about 75-bps hike. Also, this Friday is HUGE options expiry day - triple/quadruple witching.
Double your pleasure … Double your fun …
