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.
“The year is still young and only one third done. Warren Buffet is busy shopping lately since he has lots of cash.”
It would be nice to get into his head! The guy is programmed to hunt for value. I suspect his investors possess the time horizon…
PRWCX didn’t do too badly -2.23%. Compare that to Price’s blue chip fund TRBCX which lost 5.56% today. It’s now down 25-30% YTD. Geez - The year is still young! No telling how low it might go.
Weird day in that virtually every equity sector along with bonds was hammered pretty hard. Tech of course hardest. Nothing spared. Maybe utilities? Despite losing nearly 9% today, ARKK is still “only” down 50% YTD. I’d expected more. Curious how…
I agree with Buffett that there are some “pockets” of value here and there being overlooked by the performance chasing herd. The big indexes (like the S&P) may well be in bubble territory. And, Bill Fleckenstein thinks that target date funds,…
@BenWP -
Thanks. I’m far behind. Just beginning to use Google maps for taking walks in distant cities after getting hopelessly lost once. A call to the hotel front desk saved the day or I might still be wandering. As far as rental cars go … I h…
Little change in markets initially. One bank I own fell some. Hard to say why. Rising rates help banks. But slowing economies are a negative for them. Gold and other metals have been weak all day - a bit of a trend lately.
Carnival atmosphere on …
Sorry to hear of your problems @Crash. I’ve had good luck with many different Apple products. But updates (every few weeks now) were a serious obstacle until I got good wifi at the house. Devices would attempt (automatically) to update using cellu…
GLDB trades little and at $4 Ml AUM I don’t know how they keep it open. My tracker this morning is showing it down 100% for the day. Not sure what to make of that … :)
A grand total of 3 shares traded today.
“How happy is the little Stone
That rambles in the Road alone …” E.D.
Yep. Own some like that. Usually not a good sign …
"an airliner on a glide path to a specific airport, guided by precise instruments"'
Hah. If only!
If I were Powell, I’d be “bracing” myself about now for the landing. :)
On a serious note, you can’t time these things or predict how far the Fed &am…
Sometimes a picture’s worth 1,000 words. What possible reason could these 90+ year-olds have for investing other than that they must enjoy it very much? While Buffett chastised the gambling atmosphere, Munger tore in to Robinhood.
Interestingly, …
Excerpted from today’s Wall Street Journal (May 2, 2022)
“Joseph Sternberg uses the ‘soft landing’ analogy (Will the Mighty Dollar Prevent a Soft Landing From Inflation? Political Economics, April 22) to discuss the predicament now faced by the Fed…
Overnight pop in the futures - currently up by a half percent or so. Agree they can’t be relied on. However, ISTM that limit orders placed over the weekend & intended to grab off something on the cheap at Monday’s open may not work. My (possibl…
Old F*** here. I still mail certain things. Just feels better. Also, can write out checks in advance days ahead for mailing about the time the pension gets deposited. Less apt to forget. Have small 3% mortgage and like to mail that one in.
Hopefu…
@Sven, US futures will start to trade Sunday evening at 5pm central.
CME Link https://www.cmegroup.com/
Thanks Yogi. - The markets are in turmoil. Path of least resistance appears down - but wouldn’t bet the bank on it.
“So the market has not bottomed yet.”
There’s a 99% chance that’s true. “The market” may not bottom for many months or years yet. If someone has a reliable indicator that will signal the exact bottom, please share. Better still, if someone can a…
Don’t have much dry powder. Have a small limit order in place (adding to existing equity holding) for Monday’s open. Might add bit more if markets become “unglued” early in the week. A 7% weighting in TAIL helped Friday as it rose about 2%. Ov…
Friday’s shaping up to be nasty. No relief from bonds. Some foreign markets are above water as are a few narrowly focused funds with gold or metals exposure. Maybe energy. Overall a rotten showing.
Amazon = leading indicator.
AMZ -16% an hour be…
From what I've been reading on MFO Vanguard seems to have a lot of well-trained and helpful customer service people. Maybe Fidelity can steal some of those folks.
:)
Hope they stay away from those at TRP …. :)
And yup - a lot of complaints abou…
Not everything is down. ARKK is up 1.5% around noon Friday despite the selloff in the NASDAQ. If the latter isn’t already in bear territory, it ought to be by day’s end. By contrast, yesterday ARKK was down over 6% midday while at the same time the…
When I listened to Giroux on CNBC a couple months ago he was singing the praises of AWS - Amazon’s cloud computing subsidiary. Sounded at the time like he was investing directly in that. However, I can’t find where you can. Presumably, than, he m…
EMQQ which tracks the EM Markets iis (was) up 7.7 % from yesterday. Welcome news for some of us.
(But is falling) And Japan was very strong overnight.
Access EMQQ price change HERE
Thank you @Mark. The initial list appeared to be focused on those who bought recently. When in doubt … turn to Yahoo. The numbers I just posted should now be more accurate. And Fido does have at least 1 fund listed.
Reason I pursued the story …
Oil did not go “negative” in 2020.. True. If you heat with oil, payment in cash was still expected. However, I don’t think @MikeM is talking about buying the food itself and storing it somewhere which would assure he could resell it anytime. He’s t…
@hank, @BenWP, just to clarify, DBA (Invesco DB Agriculture) does not hold any corporate stocks, like Deere for instance. It invests in commodity futures. It follows a futures index. So for that, it won't necessarily follow the stock market like a s…
Thanks @Sven
You’re right. The fund’s not volatile. At a glance, about 50% is in some form of fixed income. From Yahoo: (FSRRX)
“The fund allocates the assets among four general investment categories: inflation-protected debt securities, floating …
“Infrastructure stocks are also getting whacked of late”
Hi Ben, The only infrastructure fund I own or track is GLFOX - which you recommended. It’s holding up better than most of my stuff - up 3+% YTD. Heavier into utilities than most I suspect…
Some analysis from Tuesday’s Wall Street Journal (4/27/22):
“Now he faces fresh challenges. Mr. Musk has hocked roughly $60 billion of his Tesla Inc. stock—about one third of his stake—as collateral for bank loans, tying his personal fortune to Twi…
I looked at Deere once, which is often touted as a bet on agriculture. Price was sky high. Every Tom, Dick & Harry buying it I suspect. And Barron’s had a piece a few weeks ago strongly recommending Bunge - an intermediary in grain production.…
@MikeM - Yep. As you know the miners don’t always run in sync with the metal. I’ve held mining fund OPGSX for years and haven’t bought or sold any for about a year. Dead flat in my case. Lipper shows it up about 1% YTD, but down 5% for a full …
A comprehensive and incisive article. My overly simplified view of Michigan, having resided in both southern urban and northern rural areas, would tend to support that view.
One of our classroom plays read / studied / discussed every year was Inh…
