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.
Rube Goldberg would love it!
BTW - My own theory is that we’ll have both. First, deflation of financial assets that may wipe out much “paper” wealth. That period will be followed sometime later by serious inflation. The worst of both worlds. Be ca…
Thanks much @AndyJ.
Yeah - I owned HSGFX & HSTRX about the same time as you, along with others here. I’ve considered diving into one or the other. But - Ughh …. !
He’s been quoted lately as extremely bearish. No doubt he has the fund posi…
@Old_Joe,
Great to hear somebody else is enjoying Marquee. I lean heavily toward stuff from the Russian Bolshoi, of which there is plenty. The music is exceptional. It’s amazing that a country that has lived for centuries under iron fisted dicta…
“Will the Fed REALLY shake things up here?” Next Fed meeting is Jan 25-26th.
They’re caught between a rock and a hard place. I think I can pretty confidently predict some market fireworks in the coming weeks and months - no matter what course they …
Please elaborate on your alt funds. VARAX QGITX BAMBX my best performers all ended flat.
FLAT was good today. Congrats!
4 funds comprise my ALTS. The group lost .75% today - nearly as much as my growth portfolio which lost .80%. I do not consider…
Looking at CVSIX (Calamos Market Neutral), the last negative calendar year it had was 2008. The downside is that its 10 year annual return is just over 4%. Maybe a nice Bond fund substitute? It does its job quietly.
Correction of sorts. My…
Thanks guys for clarifying the Christianity question.
I’m sympathetic to Lewis’ point of view too. I’m sure many will succumb to temptation and squander precious money needed for food and shelter on these online apps. Probably some I know and ca…
I’m not sure how Christianity entered the picture here? Maybe Wood’s religion?
I can’t see much difference between stopping at a convenience store in Michigan on the way home from work and picking up a 6-pack of beer along with a half-dozen state…
ARKK was off about 3% just before 1:00 PM. Down over 5% YTD. A friend of mine at work years ago used to say, “Off to a roaring halt!” Don’t think he coined that one, but certainly describes the action for ARKK early in the year.
Part of that…
Keep in mind that David Rosenberg is among generally bearish strategists and he has been so for a long while.
Yes, of course. I should note that (while not a sharp strategist like Rosenberg) I am also bearish on many risk assets. (I’d compare inves…
I like CVSIX. It’s only about 4% of my total. But that’s a byproduct of being quite widely spread out. It is what it is - a “Steady Eddy” hybrid income fund with somewhat high fees. I doubt it can continue to crank out that “tepid” 4% - but it…
Yes - I’m beginning to feel completely out of touch today - a dinosaur from the mid 20th century. There were predictable business cycles than. Booms and busts. “The Fed” was revered for maintaining a tight grip on the “punch bowl” and we investor…
Rosenberg seems to think both long duration bonds and gold are an attractive play.
I’d actually intended to make a small spec play today with a bet on on GLDB, which combines a gold position with investment grade corporate bonds. Looking at the su…
Nice thing about the internet is that you can Google and come up with just about any informed opinion to support your particular investment point of view. Bear market? Bull market? Gold up? Gold down? It’s all out there - often intelligently prese…
Yes - As I’m sure folks know, you can Google “Best free movies for Amazon Prime members” and get a decent list. Some have been very good. At the usual $3.99 for a 48 hour rental, the fee-for-view ones aren’t exactly cheap. But they have virtually…
Thanks @Old_Joe. I don’t have a good answer. I’m 75 and one of my best friends is 92. Couple others 76, 77.
It would be easy to be flippant here - but I value and respect all of you too much. I’ve made my feelings known.
@Baseball_Fan:
Re FMSDX - Lipper breaks down its holdings this way:
50% Stocks
25% Other
24% Bonds
2% Cash
Would you happen to know what the 25% “other” is invested in? Thanks.
+1
From what I could tell, this week’s is a rerun of last week’s show. I always watch it. Quality of these shows ranges from “just fair“ to “very good” on a week-to-week basis. I’d probably score the linked show about a “4” on a scale of 1-5. S…
Love the Roth for that reason - No RMD! Yogi says, “And they give ya real money… ” (not cheapened by taxes).
Maybe remotely related … I’ve had decent luck with some tax-deferred money I withdrew 2 & 3 years ago and put in PRIHX. It scores p…
I’m sick of Covid. The biggest travesty I can think of is so many schools being closed - relegated to “online learning”. Even at the college level I found my online & correspondence courses inferior to the person-to-person contact of classro…
From Ben Levisohn in this week’s Barron’s:
“Worse still, despite (ARKK’s) fantastic gains since it was launched in 2014—it has returned more than 340%—its investors have been terrible market timers. They poured billions into the fund during 2020 a…
Thank you @msf -
I can’t blame them for abandoning the original (CPI?) inflation index as a tracking method. So many different ways of measuring inflation (wholesale, retail, ex-food and energy, etc.) I wondered right away too if the fund as fir…
“We expect a compound annual rate of return of roughly over 40% over the next five years.”
Perhaps her current picks will appreciate by that amount. But - will she have any investors left in her fund by than? Having played around with one of …
@BenWP - Thank you for the interesting write-up on last year’s gems and clunkers. Nothing I owned “stunk up the joint” unless you count TMSRX - which couldn’t seem to get out of its own way. It’s been demoted from a 45-50% weighting inside my Alt…
CPI
“The Fund seeks investment results that correspond generally to the price and yield performance of its Underlying Index, the IQ CPI Inflation Tracker Index. The Underlying Index seeks to replicate the risk-adjusted return characteristics of th…
Coincidence? Today Pres. Biden and Russian’s Vladimir Putin were scheduled to hold a telephone conference at 3:30 PM over the growing crisis atmosphere surrounding the Ukraine. Article
Almost on-queue the equity markets rolled over beginning ar…
Good plan @rono.
Automatic investment plan (AIP) is a great way to learn and get in the habit of saving. I started AIP with the workplace plan in the 70s and than later for non-retirement investing in the 90s. Still use it today for efficient budge…
“If TR Price does such a sloppy job of managing accounts, I want to leave as little money as possible with them. If it wasn't for the tax hit, I'd liquidate everything!”
I was with their mutual fund side - not brokerage. Similar frustrations. Hav…
@bee - Thanks for linking the list of Barry’s mistakes. Nice to see that 2016 was “apparently without any flaws”. I thought it interesting that he makes a big deal about his errant call on BREXIT and related matters. Kind of runs contrary to his st…
I don’t think @davidmoran likes the post. No problem. I agree Ritholtz’s “tips” are overly simplistic. Probably intended for a less educated and sophisticated audience than here. And I personally agree with some and disagree with others of his idea…
