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.
I took the thread as a guessing game. Not intended to be serious. Suspect @Bobpa intends to pull this thread up in a year’s time and show us how far “off” our guesses are.
I’ll go farther and suggest there’s a certain amount of guessing involve…
@Thanks @Edmond for the insights on CPREX. I noted that one of the roundtable participants mentioned it favorably - that’s all. 10 different participants. Some may have been tossing grenades. However, based on your description, I’ve decided not t…
Not a strategy. But I’ve uncovered a link to a trove of old Wall Street Week - With Louis Rukeyser shows which, of course, aired on PBS from some time in the 70s until the 90s. We all learn in different ways. For me this was the best “primer” I ever…
@yogibearbull - Thanks for the links. Please know I welcome your more comprehensive Barron’s’ summaries, which received a number of positive responses last week. My occasional Barron’s posts are “hit & miss”, focusing on single articles.
Re cr…
Direct real estate fund CPREX is an interval-fund, a special type of unlisted fund that can be bought from brokers any time, but redemptions are limited.
For CPREX, that redemption is up to 5% per quarter at NAV (so, may take 20 quarters (5 years)…
Continuing on …
It was a good article in Barron’s (By @LewisBraham) :) as Yogi mentions. The details are rather complex and I don’t understand it as well as @msf (above).
Anyone invested in short duration corporates must have noticed something “s…
Re Marty Zweig
(See @Crash’s post below) Video clip is from October 16, 1987 “Wall Street Week”.
Zweig is the first panelist interviewed (6 minutes in). He’s warning about something bad about to happen in the markets. Three days later, Black Mo…
“Getting back on track, it's been said that you should not mix your political view with your investing approach. Very likely true but I wonder if we are entering a new era where you have to consider outside factors? Taxes going up, rates going up, …
#1 Precious metals and miners. Silver followed by gold.
#2 I think Cathie Wood’s ARKK will rebound later this year. But probably has farther to fall first. Finishing positive for the year would be a feat, as it’s 15% down after the first 2 weeks…
It is my fervent hope that at some future time Professor Snowball will author something (a separate thread or an add-on to this one) reflecting on the changes in investor behavior and attitudes he’s observed since taking the helm of MFO over a deca…
@MikeM - Thanks for responding.
Tinkering has gotten such a bad name, I’m inclined to avoid those threads in the future that ask “What recent moves have you made or considered?”
Maybe stay “in the closet” … :)
Most jobs do not require more than 2-3 yrs to be very good at it, provided one has aptitude for that job.
That’s the reason I deleted the line about some of us having 50+ years investment experience. I agree it’s a non-issue. Thanks for the note.
Let’s start with the assumption that the individual investor designs a portfolio (allocation model) that meets his needs and which he or she deems appropriate for his or her situation. He or she decides X amount will be allocated to fixed income; …
Pure timers are completely in or out based on signals.
On the other hand, tactical asset allocation (TAA) involves changing allocations suitably according to market assessments, and rebalancing simply adjusting to strategic/fixed asset allocation.…
Ritholtz has a way of boiling it down to some basics the average person can grasp. Not brilliant perhaps - but effective communicating some basic investment principles with a certain audience.
I’m not as opposed to timing as he seems to be. If all…
@Baseball_Fan …
What do you therefore suggest we investors do with our life savings? Stuff it in a bank account at 1%?
I’ll entertain any constructive suggestions.
I don’t own. Play with DKNG - one of her holdings. Buy at $23-24 and sell at $26-27. Kinda scary though, Might drop thru the floor one of these days. Think I’ll swear off.
DKNG -7% today @ $24.24
ARKK Today -5.42%
ARKK looks to be down about …
DODBX at $15B is very small compared to VWELX, PRWCX, & FBALX to name a few. It had outflows consistently in the past 10 yrs per M*, even though some of those years performance was quite good. Any comment on the outflows? Not sure if it is t…
I read the entire excellent magazine of course. Haven’t had a brokerage account for a full year yet, So, never owned stocks before. (Fraught with peril of course). But ISTM Barron’s makes some good calls. My small entry into RIO came in September …
@msf said, “ I tend not to deal much with financial institutions in their role as fund shops. To the extent that I do, my interactions are typically limited to accessing reports/prospectuses, perhaps a little info about the holdings/management, and …
Thanks @Shostakobich -
I think the tenor of Ed’s post overall was that fee competition among large investment institutions (heightened by low-fee ETFs) makes it hard for employees to receive adequate compensation. Other cities mentioned were Chic…
Sounds like an acknowledgment by D&C that the typical 60:40 equity:bonds portfolio just isn't going to cut it anymore. They may be having PRWCX envie, maybe?
Correct.
Let’s hope their “cure” isn’t worse than the disease. I’ve been scaling ou…
I fail to see where they’ve yet changed the approach. The 2-3 page statement sounds like it was written by a committee. I might ask “Why change now?” since the past couple years seem to have been very good considering the type of fund. In recent ye…
Markets appear in disarray as of late . As of midnight the Dow was ahead by 1 point. Interest rates appear to have pulled back slightly, the 10 year at 1.76%. Precious metals firmed today. Of course, markets set rates farther out - not the Fed. Ag…
“Cash is negative 7% due to inflation”
I haven’t heard that one before. He’s right, of course. But what also needs be assessed in valuing cash as part of an investment approach is that over shorter periods cash may represent opportunity. That v…
Thanks @Sven for the update. Hope changes work for you. I admit to being a bit “confluxed”.
I’m positive longer term on gold & pm miners. But I, and a lot of folks (including Ray Dalio / Bill Fleckenstein) have been wrong on gold long enough n…
“We expect equity investors to perform well relative to bond investors over the next decade. We also believe that our portfolios are more attractively priced than the S&P 500.”
Hard to disagree as worded. “our portfolios” doesn’t mean the same…
I get that you guys are trying to be intellectually precise but how does one use that information?
I sort of agree. ISTM either a body is liquid or it is frozen. There’s not much in between. Why finesse the issue?
ISTM that ETF’s occupy something of a “gray area” between traditional open end funds and closed end funds. Both ETFs & CEFs trade actively at prices determined by the market participants. Also, ISTM the heavy reliance of GLDB on derivativ…
Thanks @carew388. I remember your experience and was wondering if mine was similar. Yes - I can understand where with TRBUX, which is supposed to be highly liquid & immediately available to deploy, that would be an issue.
As far as GLDB goes…
I’m impressed if you already have your weekend Barron’s. Mine on Kindle comes in Saturdays - usually in the late morning.
Positive stories in B do cause stocks to spike. Generally the industrial metals were hot this week. Bloomberg reported today t…
The fund is off 1.29% YTD. If they’re having to unload assets due to heavy redemptions it would explain part of it.
But what an odd week it has been. Enough to throw any money manager’s barometer into dysfunction. Suddenly we’ve awakened to infl…
The expenses present a problem for me - but they’re not uncommonly high for these hedge like funds. I still have a modest hold on it, having sold about half late last year. I don’t stay awake at night worrying about this one. But, I’m guessing …
