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.
@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 …
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…
