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.
@Derf - The hoops is a reference to Fido requiring you to acknowledge (by clicking an accept icon) that you have read and understand the warning and that you feel experienced enough to proceed with the purchase.
Next bet? Nothing looks attractive…
"The 2022 Jeep Grand Wagoneer starts at $86,995."
Just ordered 4 new tires for my old 2005 Chev pickup. $845 at Tire Rack. Shipping included. :)
(OK - It doesn’t say “Grand” on the side …..)
It’s a close call between bonds and cash at this time. Who can predict the next 6 months or year in the interest rate sensitive bond markets? One’s decision relates to his overall portfolio make-up, investment style, etc. While most bonds technica…
“Does it matters what you convert, if you can always buy or sell anything in either account tax free?”
That’s correct @sma3. I suspect it may perhaps matter from a purely psychological standpoint as one contemplates doing a Roth conversion. I was…
I tend to agree with Jason's view. These days I hold high stock allocations since bond yield pays too little these days.
LOL - I maintain a stable of bond funds for a variety of reasons (including age). But total return is not one of them. For ki…
Actually, any time is pretty good. I did 3 - all between the ages of 63 and 70.
But (from my inner speculative nature), the more depressed the asset at the time, the better the eventual outcome. There’s a big “IF” here. This only works if you ar…
There was a thread recently about timing one’s spending so as to die completely broke. I’d imagine still living and working at 97 would complicate that math a bit. :)
Not all is bleak today. Gold’s picked up $23.00 and the miners are up better than a half percent.
I am pretty sure "Mommie" Vanguard refuses to let you trade any short or leveraged ETF
It’s crazy in some ways. You can buy DFKG (down 12% today) at Fi…
Just bought small stake in DKNG. Probably nuts. But since I got out at $42 it’s fallen all the way to $28.50 this morning. At just over 1% of holdings, it isn’t going to make a heck of a difference. Until the short sellers started pummeling it, it…
Thanks @yogibearbull - Would love to hear more about those “alerts”. I know that on rare occasion when I’ve purchased a fund that shorts equities at Fido, an alert pops up. Essentially it says that this is a very risky investment that’s appropria…
Jim Chanos just appeared on CNBC and explained why he’s been short DKNG for most of 2021. I found his explanations of why some companies are overvalued to be very comprehensible. He was on today because it’s the 20th anniversary of the Enron demise.…
My best friend of over 50 years I met as a roommate my first year at CMU in ‘65. Both in our late 70s now, we sometimes contemplate the unthinkable. “With all its sham, drudgery and broken dreams, it is still a beautiful world. Be cheerful. Striv…
@Mark - Thanks. No problem accessing full piece. While I get the WSJ via Kindle, it’s not easy to access it directly online. No problem here.
One of the more entertaining reader comments from your post …
“Following Elon Musk’s Twitter poll...to…
LOL. Too funny. DKNG lost almost 10% today. Sitting at $31+ change. It was the first stock I ever owned. Guess I escaped a beating getting out while still above water. Just 2 stock holdings left: RIO and WPM Both have been holding up pretty well -…
Speaking of DKNG - I track it and it’s off 6.75% for the day at $32 plus change. Reports are Cathie bought a truck load at $43-$44 a few weeks ago - Whew! Here’s a stock that’s seen close to $75 within the past year. I think it was launched couple …
Or is it silly on my part to think that this debt will have to ever be paid?
I’m not following everything there. I have no particular interest in Cathy except I thought the subject of a new innovative fund might be of interest on a forum devoted to…
I was up late last night when the Moderna comment came out. Yes - the markets did an abrupt U-turn. Dow futures were off over 700 in the very early morning. Somehow I think that was a trigger for something deeper & potentially more serious.
…
Feels a bit like a yo-yo doesn't it today?
I think the script has been somewhat apparent for a while now. First the fed denies there’s serious inflation; than they realize they can’t ignore it any longer. However, I was a bit surprised by the veheme…
:-)
We may get to see the other side of the coin today.
Speaking of coin-flips, I bought some TAIL couple weeks ago. “Tails are Up.” - today, anyhow. :)
Thanks @msf for all that digging. I’m sure it’s helped many make a more informed decision.
The Short Innovation Fund is quite unusual.
AFAIK, this is the only fund that shorts an actively managed fund.
Yes - That’s my understanding. I’ve followed this with interest for several months since they filed the paperwork with the SEC. SARK appea…
Hardly a crash. Not sure where you got that impression. Posted article references “slump”.
Thanks for the charts.
Umm … I’m tempted to reach for a Thesaurus - or maybe a couple Thesauri . :)
@msf - I thought you communicated well. I appreciated your break-down of TMSRX’s long / short positioning and your correction of my faulty assumptions re BAMBX. I took exception only to your suggestion that TMSRX’s -.47% return Friday represented mu…
“It's not so easy to figure out what these sorts of funds are doing.”
Agreed, it’s very difficult to get “under the hood” of a fund like this. But, if anyone here can, it’s probably @msf - :) With TMSRX’s meager low single digit returns (and app…
FYI: For those who don't have a subscription to Barron's, here is the link to the complete fund profile of BAMBX that was written by Lewis Braham and published in November of 2020: https://webreprints.djreprints.com/57836.pdf
FredThanks Fred. Aweso…
Not everything was down Friday. DKNG, which has stunk up the joint for several months, sliding from mid-$50s to under $35, gained +1.29% yesterday - bucking the trend.
I’ve long since ditched their stock, but with collegiate basketball and NBA…
@Sven - I hung on to RIO (another mining stock). Held up much better (-2.2%). From my limited knowledge, NGLOY is more of a growth story while RIO is flush with cash and a larger more conservative player.
(Sorry for taking this thread off topic f…
(Lipper* generally quotes from the manager’s description):
“The Fund seeks total return comprised of current income and capital appreciation. BlackRock will invest the Funds assets through a diversified set of strategies that seek to provide total …
Appreciate all the discussion above. I’m trying here to achieve a higher degree of accuracy than my preceding comments represented. SWAN is the type of ETF “futures investment” I was referencing - though the terminology I used wasn’t very accurate…
Don’t know what REMIX is about - but a number of financial outlets, including Barron’s, have commented lately that the futures markets were overextended. While futures contracts can be used to hedge risk, they also represent a bullish bet from what …
(November 24) “Today I sold one, NGLOY, after a quick 14% run-up since they recommended it roughly 2 months ago. Still like it - but have been trimming risk wherever I can of late.”
NGLOY lost 7.54% today.
Edit 11/27 (To be completely honest h…
@bee - Thanks.
Obviously something is screwed up there. Note that for 1 year the fund ranks 25th among its peer group, while for 3 years it ranks much better - 7th. So I’ll guess they haven’t updated their numbers on the chart you pasted to refle…
@bee - Do you have a link to that 86 score? I’m just getting the 50. Wonder if that’s for maybe two different time periods?
Seems to me algorithms do most of the work at that site rather than Ol’ Max Ferris himself. Autopilot likely. I get some …
One of my go-to sites, MaxFunds, scores TMSRX somewhat favorably, giving it the lowest possible risk assessment of 1. Yet, curiously, it grades the fund as one of the worst (5) on its “Hot Money Index.” Pray tell me why a lame low volatility fu…
Placed orders for FAAAX and GMAMX ,two funds that have minimum investment below $2500 at Fidelity .
@carew388 - Happy sailing! :)
(Might be some rough water tomorrow)
“(TMSRX) primarily seeks exposure to the following strategies, relying on both fundamental and quantitative research, although additional strategies may be employed at any time …
Macro and Absolute Return;
Fixed Income Absolute Return;
Equity …
That’s a personal decision. For some it would be the right one.
A cold night in hell before I sell. Noticed early on that the fund often remains flat or rises on days when equities falter. So for me it balances out the load in an increasingly d…
“These days, a typical core-plus bond fund can have up to 35% in below investment-grade bonds.”
I think it’s the trend towards assuming more risk rather than any particular asset class or investor that’s brought to the forefront by the WSJ article.…
