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.
Part of the curve is inverted. The 5 year Treasury is yielding more than the 10 year. Just noticed this evening. Probably been evident for a while.
I don’t know of any sure fire remedies for investors. I’m pretty much staying the course. But did …
Thanks @Sven - You are more up to date on this than I. I know that Y (per the Barron’s article) had been investing its profits from insurance into many smaller companies including specialized freight hauling boxes for trucks, toys and funeral access…
“there’s what 25 days to see if Allegheny receives a better offer? You could always throw that 5% in a high flier like BRK.B ?”
Ummm … Good point. I’m not familiar with the legalities here. Is Berkshire locked in to the offer for 25 days? I’d hav…
Too many commercials. I view on a big screen (projector TV) and the remote is damn handy for temporarily switching over to a black screen and muting volume as well. Works like a charm. The only thing is they’ve taken to showing short ads when guys a…
@BaseballFan - I consider you a great asset to the board based on your investment related contributions over the years. As long as everyone is civil no harm in voicing dissenting views. I actually pay $$ to subscribe to Bill Fleckenstein’s “Daily Ra…
Thanks guys. I’d researched and had GATEX “waiting in the wings” in case Y proved to be too volatile for the alternative sleeve. So plugged most of the $$ Into GATEX - and added a small amount to cash position.
This morning it was a case of “Shoot…
+1 @Junkster
You are correct re my status. Pension and SS cover basic needs. I had a better than average retirement package I guess. So the IRAs allow for travel, etc. and serve as reserves in case a large unexpected outlay comes along.
Still,…
Sold all of my Y (Allegheny) at market open today after it popped 25% this morning on news Warren Buffett is buying it. Had held it about 6 weeks. Leaves a 5% hole in my portfolio. Wracking my brain trying to decide how to reposition that $$. Being…
Some dumb questions / considerations
- In converting your pent-up investments (which are currently earning a return) into a stream of steady cash payouts in excess of what you have an immediate need for you are than faced with either (1) having to…
“Lets try it this way: If an investor believed WTI would rally 30% over the next year, what vehicle would you use? No individual options. No K-1's. No leverage ETF's”
I wouldn’t believe that at these levels! However, if one did think that he migh…
It’s all good. :) Lots of MSU fans up here.
Mine’s an unorthodox view. And watching the Nuggets get buried by the Celtics (+ - 25 points) tonight wasn’t too thrilling - except I’d bet my last $ on Celtics and live for another day!
Let’s look at it this way: If you invested in a real estate fund a year ago you’re up roughly 25% over that time. If you invested in a commodities fund year ago you’re also up about 25% over that time. If in a gold (mining) fund, you’ve gained abo…
“just as economists such as Summers predicted."
I follow Summers weekly on Bloomberg’s “Wall Street Week.” ISTM his main gripe has been with the Federal Reserve. They’re way behind the curve. (Wonder who nominated the current Chair?) As far as t…
Well, rhetorical or not … I’d like to opine.
The caliber of play is markedly better in the pros. NBA players are bigger and stronger. They pass better, guard around the boards & rebound better. They can consistently hit from farther out - thoug…
Trump University Never Died
Apparently, the transformation of Hillsdale is relatively recent (2000 & beyond).
Big money has been buying portions of the media and repurposing them for their own propaganda for decades. Sinclair Broadcasting bein…
“It's the age of the "transfer portal". Name a reason & transfer is on the way. First came the "one & done" . Players getting paid while in college, more than a free ride, is the coming story as it is already in place.”
Is there anything in…
The kit is ridiculously simple to set up There’s a 2’ high tripod stand designed to be placed on the ground, or on picnic table or whatever. Attach the small dish to it and run the provided cable from dish to a small (4x6”) receiver inside the dwe…
If I’m considering buying something (especially a stock) I don’t mention it. After I’ve owned it a while I might. I mention this only because it makes so damned much sense. Why would anyone (particularly a fund manager) announce to the whole world…
“As upside down as 1984 is, the world we live in is not too far off. One of the main elements of 1984 was a deteriorating standard of living for the people, yet they were told by their commie government to believe it was of the highest quality. And …
@hank, Be careful using "Think maybe his success is due to some sort of “Divine Intervention”? Maybe I’ll increase my allocation … :)" If I recall Cathie Woods follows a similar path but appears to have taken the wrong fork in the road.
Well, I use…
I had no idea. Ashamed to say. Where I worked and resided in Oakland County (decades ago) I can’t ever remember anyone sending their kids there. The wee bit I’ve heard of Hillsdale over the years is that it’s academically solid. However, that’s …
+1 @Junkster - Thanks for posting. Readers can surely benefit from your experience.
I think it’s OK (or helpful ) for an investor to hold a broad macro view. That view may help shape investment direction. Yet, IMHO one shouldn’t let that macro vie…
+1 @msf
It’s all a game.
I guess “distort” is open to interpretation. And if done well would be hard to detect or prove.
But “markets move” and “market movers” exist - and profit from said moves.
Just MHO of course.
One prominent short seller …
@MikeM - Just shook off some old rust and slapped on some fresh paint … :)
You’ve been consistent for a long while re your commodities exposure. Bolder than I who got out mostly last July. Too many memories of past tumbles in that sector. Gl…
“What % does a bond heavy fund have to be in bonds before you would consider to "lighten" up on ? Was this in a tax advantage account ?”
@Derf - Thanks for the question. No set percent. Easiest to explain if I post my allocation model.
- 25% is …
Murry St & SF. Hell of a game. Just went into OT. I had a little on SF, but switched to Murray early after watching them play. But still have a small “hedge” position on SF.
This sounds pretty specific to the Ukraine. I doubt Putin has much interest in hacking my Starlink connection. There are currently 1,600 Starlink satellite in orbit. Musk’s lookin to have over 12,000 in orbit in a few years with an eventual goal …
@Crash - This used to be a popular thread / topic. Not sure why it lost interest.
I’ve made a lot more moves than I typically do this year for several reasons:
(1) Having moved to Fido from TRP last year has opened up a rich universe of fund…
Since Jan. 1
New Position (Bought)
DRSK
GLDB
Y (Allegheny)
QLS
QMN
DODEX
BAMBX
Tactical Buys & Sells (Still own)
TAIL
RIO
GLDB
DRSK
Sold All
TMSRX
PSMM
AOK
PRSIX
DKNG
QED
5 Largest Positions (+ - 8%)
DODLX
PRPFX
BAMBX
QLS
ABRZX
The Fed lag is a bit hard to look past … with CPI now at 7.9%.
“I daresay you haven’t had much practice. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
The Queen, Alice’s Adventures in Wonderland - Lewis Carroll
…
Point taken.
I was thinking more those who bought in more recently. If it was already down 30-40% when they took the plunge, they may still do OK. Today had to be uplifting for those people. Yes - those who bought closer to the high have a long w…
Interesting. I’d envisioned something larger. But $6,000 to destroy one tank? Holy crap! You could feed a starving family somewhere for a while on that.
“The company’s website says the Switchblade cruises at 63 miles per hour and provides “operato…
“What concerns me is China is undergo lockdown in several large cities with several thousands cases of COVID.”
Yes. Agree. They’ve taken a different approach to Covid and not great results. Short sellers (hedge funds and the like) have huge impact …
Why is the Chinese stock market up today?
I don’t ever remember any market moving 30% in a single day - though I suspect it’s happened. The Dow fell about 25% one day in ‘87.
I think to some extent it’s a relief rally. EM - especially Europe &…
