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The higher rates only benefit newer issues (at higher rates). The existing holdings (that have lower rates) become increasingly less attractive.
Even if the fund holds floating rate securities / adjustable rate mortgages?
Here’s a clip of what Ed said re cash:
“So, back to asset allocation – obviously have enough cash reserves to fund at least two years of living expenses, in insured certificates of deposit. There is a market to be shopped there in smaller banks an…
Ha! I hadn’t read the text of the post very well. You guys are right. Agree fully. I went with the caption which seemed to be debating which investment was better at this time.
@Shostakovich had it correct when he referenced Ed’s mention of short…
@ron - PRFDX is a stock fund. Back from the death because it had several lousy years before dividend paying stocks started to shine. ALAAX is one I owned briefly, I really like the approach but fees are too high and some of the underlying funds are…
”See Ed Studzinski's commentary this month.”
Interesting commentary. Ed seems of the opinion we’re facing hyper-inflation. (But please read it yourself and draw your own conclusions.) He doesn’t much address ron’s question if I understand what ron …
OK-thanks for the tips-I've never placed a limit order before.
I haven’t either. :) You might start with a small test purchase first. The price certainly won’t vary much.
Proceed with caution!
Inception Date: 9 / 28
Opened at $50. Dropped by 3 cents today (NAV $49.97)
TBUX Chart from Lipper (Growth of $10,000):
Should be a great fund. I’d expect assets to grow quickly. Fido = 99% good. But occasionally they toss a curve ball.
How …
This is comical... "a city investing in technology, science, and innovation." Why not just be honest about it...
There my be another reason to move the ARK there. - Here
I don't think this ARK will stay afloat in any type of deluge.
Surprisingly …
This is comical... "a city investing in technology, science, and innovation." Why not just be honest about it...
There my be another reason to move the ARK there. - Here
Humor me and acknowledge that taxes are a fundamental building block of civilization and pay for services that you and/or your friends and loved-ones personally need and have used.
That’s how it should be. But if you live in a “gated community” yo…
I wish the government would change IRA/401k rules a little and allow us to bet on football in an IRA.
You can - sorta … DKNG (a bet on sports betting). At $49 this morning it’s about in the middle of its 100 day trading range which has had it be…
@Stillers - Just so we’re on the same page here, here’s what I said earlier, to which you appear to object: Numerous studies have shown that investors who pile in and out of markets in an attempt to time them fail to achieve the superior returns …
“At this point, with the initial bounce over … “. LOL
“Meanwhile, if the major indexes break down, you need to be quick to cut new buys that aren't working and consider moving entirely into cash.... “
Numerous studies have shown that invest…
Macro Dashes: The Last Oil Bull Market Is Here - So What
I tried for years to time that damned oil market - albeit indirectly through resource funds like PRNEX. A tough nut to crack.
The roller coaster (from memory) ran something like this:
- …
(Just glancing at the headline) - Rising rates alone should help your bond fund (as a higher rate of interest is earned / reinvested). How the fund’s NAV reacts as bond prices fall is a different matter. I’m not selling any bond funds. But it’s lik…
“FSRRX may be a fund of interest to those who believe that inflation is a concern or that rates may rise. It has had a maximum drawdown of nearly 15% over the past five years with an average annual return of over 5%. The yield is about 2 percent.”
…
Nice! @LewisBraham
I get all “choked up” whenever I hear the party of tax cuts for the wealthy decry “saddling our children with mountains of debt”. Sure. You bet! Bleeds one’s heart. Debt can be good or bad. Most of us wouldn’t have been able to…
Sold all my DOG yesterday morning with Dow down 400. Whew! Made a bit on it the past 5 weeks, but not something I’d want to cling to. Markets can remain irrational longer than most of us can remain solvent.
Related: (Sorta)
Received my Pfizer Covid booster shot today, a bit under 8 months after receiving the last (2nd dose). There’s a bit of confusion as to how soon those of us over 65 qualify for the Pfizer boister. But it is only 6 months - n…
“Currently, the Fund’s fundamental policy regarding industry concentration requires the Fund to invest more than 25% of its assets in securities related to the real estate industry. The Board also approved a change in the Fund’s industry concentrati…
Hey STIllers - Don’t change my words. I said relief bounce. You said relief rally. So, unless your reading in INVESTOPEDIA mentions specifically “relief bounce” don’t tell me I’m wrong. Bounces to me are the opposite of dips. As far as Goldman Sac…
Event based markets are difficult to bet on, especially when the event is 2 weeks away. Small and micro caps are in red today. So, it is not full on risk, notwithstanding a decent up day in large cap averages.
Yep. Anybody’s guess how it will all …
Interest rates on Treasury bills coming due in the next month are already rising to reflect the increasingly likely ( but still unlikely) possibility of default.
From Y Charts:
“The 1 month treasury yield is included on the shorter end of the yield…
Lipper seems screwed up tonight. For several funds the YTD figure displayed in the “overview” is starkly at odds with the YTD when one brings up “performance”. And in comparing M*, Yahoo and Lipper, it’s unlikely the YTD numbers will match. I reali…
Wood has attracted lots of detractors or “haters”
Interesting observation. I doubt it’s due to her success - as Peter Lynch was nearly idolized by the investing community during his time.
My best guess is it’s a combination of Wood’s ingrained pe…
Pretty much #3. Mine is largely a static allocation spread across too many specific types of funds / investments to get into. I rebalance every 3 months - but only if if pre-determined allocations stray too much due to market activity. I benchmar…
@Derf - There we’re some some additional tasks like replacing a rotten door moulding (and the beautiful deck lamp they smashed). The brick chimney and several vents caused some issues. Installed some nice ice shielding underneath the shingles. Jac…
@hank- A stupidity pill is absolutely the last thing that's needed. I vote for an anti-stupidity pill.
I like that. They seem to be “anti” most every progressive idea anyway.
Darwinism at work too - though I wish it were otherwise.
There have been flooring contractors in the house for nearly 10 days, and the chaos has been substantial.
E-gads!
Had roofers on top the house all week. “Bang. Bang. Bang”. Just fortunate to get anything done in this crazy labor market.
Regards…
Hi guys, The crew in the IT Department seems to have done some fast (fix-it) work this morning because at 9:30 am in checking my portfolio in portfolio manager ... well ... it seems to be fixed with Friday's closing nav values.
ISTM these occurrence…
Wow, that's really bold. Betting that the DOW will drop 0.95% below today's close sometime within the next three months.So I guess you would probably also bet straight up that BUF will beat HOU this weekend?
Than I guess I don’t understand the ce…
Why not consult a local realtor or real estate agency you trust? They should have contacts in the region involved. Yes, you’d have to compensate them to represent you if you elect to use their services. But you’d have professional advice and repre…
Yeah - I caught Wood on Bloomberg. Makes a certain amount of sense. Don’t rule it out if the stock market bubble were to pop. However, I’ll go with persistent inflation as the more likely future. Trip to area “Dollar” store yesterday. First time in …
While @rono is a familiar and most welcome poster to us oldsters, newbies to the board during the past decade may not fully appreciate his experience and knowledge on this subject. In the days of MFO’s predecessor, Fund Alarn, rono regularly posted…
