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.
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…
article smarter than the tips summary (naturally)
LOL - For sure. I listed his ideas outside the article to make discussing particular points possible (by number) if folks care to. Personally, I manage to break quite a few of those - but always str…
Thank you all. I’ve called off the search after hours of looking. GLDB turned up - but very new with high fees and not actively managed. RPAR is something I’ve looked long and hard at. Also a “no-go.” (The second - RPAR - is a laugher with Lipper s…
Thanks. I’ve long held PRPFX as a staple. It’s much more aggressively positioned in equities & metals than what I’m looking for for a bit of play money. HSTRX is a weird bird. Mixing in around 10% gold / pm miners was apparently Hussman’s w…
I think it’s worthwhile to keep this thread alive at least until the end of the year. The markets are somewhat schizophrenic today with the NAS down .5% and the Dow ahead by .25%. S&P flat (as of 1:00 PM.). I think a lot of us are anticipating a…
Thanks guys. No intent to diminish a fund I’ve owned since the late 90s. But I seriously doubt whether PRWCX would hold up as well in a bear market today as it did in 2008 (when it fell 27%). It was 2.3 months later (3/10/‘09) when equities finally…
Some times I have to laugh at myself for thinking I can do better than these balanced funds by making my "strategic" selections. I can't. I would have been better off over the years just putting everything in PRWCX and maybe a couple others.
While …
So slow! Even Bloomberg has ditched most of their regular programming for the week. Mainly two old dudes gabbing all day (normal market tickers displayed of course). Some stale old recorded interviews. Will need to wait until January to get my…
I read a recent article stating that $50 mil AUM is considered a minimum level for an ETF to be sustainable longer term and suggesting many newer ones may need to close in a few years if they can’t garner that level. I recently bought some of Invesc…
It’s nice not to be paying a 4%+ front load as I was with Templeton thru our only workplace option in the 70s. We accepted that as normal. Indeed, we were assured that the same fund(s) if purchased outside our privileged workplace plan would have c…
@hank... “ withdrawals look challenging …”
@bee - Distributions are always a challenge. I attempt to do just 1 every year. But it does require pulling roughly equal amounts (percentage wise) from 4 different sleeves - plus applying the correct % …
GLIFX is institutional. Appears to have a low minimum initial investment of $10,000.
GLFOX (open shares) was recommended to me 6-7 months back by a board member. I substituted it in my real assets sleeve for a commodities fund I felt was getting t…
“So quit worrying so much about that unlikely event ( really old and broke)”
Suppose we’ll get blasted for straying OT. Appreciate the takes of everyone. @Junkster doesn’t comment often enough. As he has mentioned before, the longer we’re invested…
Well, the name “Variant” seems a bit unfortunate in an era of Covid. As others note, there’s not a lot of information on this fund. Here’s one description:
“Under normal market conditions, the fund will seek to achieve its investment objective by …
