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.
Don't forget strategy change including some short positions for DODBX.
I’ve been thinking about that. They see the writing on the wall re interest rates and are looking to move a bit away. I don’t expect major changes. More flexibility / investment …
Giroux favors the big ones. Probably out of necessity at this point. GE was his top pick in the recent Barron’s roundtable. Also Amazon and Kerug/Dr. Pepper. OAKBX also leads it by a few % points.
To be down that much in less than a month is conc…
“and then dippers come in around the lunchtime and onwards to reverse much of the morning action.”
Them’s some pretty big “dippers”. I doubt it’s you and me and that other fella. I’d bet mostly short covering, hedge funds, preprogrammed computer…
Thanks @davidrmoran. Both loaded well. The second one is succinct and highlights 3 causes of the market turbulence. It’s hard to call this a “selloff” from the heights the markets reached.
“Fall”? I guess. It’s all relative. I tend to have very l…
500 points here … and 500 points there … and pretty soon you’re talking about a real bear market..
- FOMC meetings usually cover 2 days. This month’s begins today, Tuesday. Tomorrow afternoon (Wednesday) they will issue their “statement” which will…
I hated these True & False tests in school. But here are my answers. For clarification, I’m assuming “market makers” pertains mostly to hedge funds.
- Is it possible the market makers are trying to slow the rate increases & the number of…
+1
Actually my previous post pertained more to bear markets than run-of-the mill corrections. I’m not attuned to the finer points, except bears tend to last longer - usually measured in years. That’s why many keep the cash reserve.
If the early…
“I suppose there are some investors who can change up their strategy from bull markets to bear markets but I haven’t met too many who can do so consistently. I’m a much bigger fan of creating a portfolio that takes corrections and bear markets into …
“Rising bond yields, particularly on inflation-protected Treasurys, are viewed as close indicators of borrowing costs for businesses and consumers.“
Investors pay close attention to yields on TIPS because they offer an important gauge of financial …
Filled limit order on ASML. Have placed another at 625.
+1 Go for it!
I’ll try to change my DKNG order from “day” to “GTC” as it has rebounded substantially from this morning’s $17.50 level. Won’t break my heart if it never gets that low. A littl…
“I'm a gambler too hank”
I wouldn’t call it “gambling”. “Calculated wager”, to a greater or lesser extent, describes most investing. You’re trying to gage the impact of all sorts of things - some as yet unknown.
Things you know: Your own risk to…
“The market is a bundle of irrationality.”
I grew up in the 50s and 60s. Both parents harbored vivid memories of the ‘29 stock market crash and Depression through which they lived. So stocks were somewhat of a dirty word among many (if not most) …
Thanks @Derf.
Helpful. I don’t own this one but have followed it several months. Some “defend”. Down 7- 9% YTD. And just when you need it!
As a general principal I think I had the discrepancy explained correctly. I’ve run other funds through ETF.…
“Relative performance of FDIC cash looking good as well so far this year.”
You got a point. +0.01% is better than a loss I suppose.
I’m carrying my normal exposure to metals and miners. It’s tempting to go overweight. But nearly every time I’…
https://www.nationandstate.com/2022/01/10/arkks-investors-have-in-aggregate-lost-money/
Excerpt from above: “Morningstar doesn’t help. Even now, with a lifetime negative P&L, ARKK has four stars and is the #1 ranked fund over five years. Mornin…
Ouch. There oughta be a law … False advertising …
Not exactly defensive holdings. Top 10 include: Amazon, Apple, Microsoft, Twitter. And Lipper gives it a low beta of .34 - Go figure.
In terms of hedging / defense, at some point I’ll probably…
Behind pay wall for me. May be somebody could let me know what it is about. This is not 5he first time we had option expiry date. What is different today? Thanks.
It has to do with $3.3 Billion in options expiring yesterday (3 rd Friday of every…
The madness of crowds …
I’m tip-toeing into DKNG (one of Wood’s gems) at below $20. Here’s one that was $75 10 months ago. Small amount. Long term hold at this price. Daily price swings of 5-8% in either direction are common. (I’ve traded in and…
@msf - Excellent summation. Thank you. Yep. I was warned once about trading too much by a Strong rep (once or twice monthly). Later it came out that the CEO (Richard Strong) was doing dozens - perhaps hundreds - of trades monthly in his own funds.
…
The SEC’s issue wasn’t so much with interfering with the fund’s operation (buying / selling) as with the fact that outsized “gains” were going out the door into the pockets of the slick operators. (Hence the term “skimming). Say an ETF investing in…
I agree with all of what @msf said. Having been with a dozen different fund houses I know all like to restrict “churn” for the reasons given. Valid reasons. Each has a slightly different approach. D&C’s seems less stringent - but I’m sure they…
It’s a minor nuisance. I was slapped with a 60 day stint in Fido’s “penalty box” after 3 checks mailed to them by TRP as part of the transfer process all bounced. Price reissued the checks. But Fido had force-sold all the funds I’d purchased thinkin…
I haven’t fully comprehended Fido’s 60 day holding period after you buy somebody else’s fund NTF (no transaction fee). You can sell it inside the 60 days, but ISTM that triggers a $49.95 fee. So I don’t sell off any within 60 days of purchasing or a…
Re PRWCX
I ran a “test” and it appeared they’d allow me to add more to PRWCX (which I transferred over “in kind.”) So I’m 90% confident that’s the case. But I didn’t actually send the order through. No guarantee. Your results could be different.
Just for clarification …
Here’s what @stayCalm posted January 20: “I am considering a position in BEARX. Would love to hear other pro/con views on the same”
I never would have mentioned the two inverse funds (DOG & TAIL) had it not been fo…
@Crash. Fidelity is a dream - but a bit of a nightmare getting “up to speed.” Phone support is pleasant. Being a full service brokerage house, their website is much more elaborate. Confusing navigating / buying / selling if you are only accustom…
I don't follow u comment.
Dilemma: a situation in which a difficult choice has to be made between two or more alternatives
I think you nailed the problem with inverse funds. That is knowing when to sell out and add to equities. You have thought…
Link worked well. Thanks. Wondered why I was getting “whiplash” for a couple hours after today’s open.
Looks like everything’s settled into a nice downward spiral now.
Leaning towards using SPD as a hedge because it protects against steeper drops and more importantly removes the human emotion out of the "When should I sell my hedge and buy back into the market"
Therein lies the dilemma.
LOL
I attempt to consider all views, even the extreme ones like Grantham’s. Likely there’s elements of truth in there that we can draw from. Don’t have to agree with all. If nothing else, he’s spot-on about recent investor psychology.
I side with what…
Well I was at the gym today but didn’t see nobody naked. Got the ol ticker up to 120 BPM on a treadmill and it didn’t break. Thanks for sharing Catch.
Henry David Thoreau - “Time is but the stream I go a fishing in.”
Well, I've got some limit orders going to pick up some more ASML if this continues. We shall see.
I put one in today for DKNG @$20 / Didn’t quite get there. Will try again tomorrow.
