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.
Well …. Maybe folks should check on whether the car they’re driving is insured at replacement value as well. I can remember when $40,000 (average new vehicle price) bought a pretty decent house.
“Earlier this year the average cost of a new vehicle…
+1 @Catch
Whenever I’ve inquired of my agent in the past, they’ve told me there’s an automatic yearly increase in home value that gets factored into my policy - so the insured amount rises every year. If you’re asking whether my insurance has “gon…
@hank : You said, " On a sharp equity selloff, I’d probably cut that back a couple %." With -1 on the short side of equity that should be a positive. Presuming the shorts & longs cancel out .
Just won…
:) Thanks for chiming in guys.
@MikeM - My less than expert take is that a lot of the cash / bond position is actually held in “reserve” to back the short positions. And that that method of displaying is to comport with SEC disclosure rules.
As …
… just asking what % would most seem apropos, is it 10%, 15% etc.”
For many years I kept 10% in my “real assets” sleeve - which always included a commodity & real estate fund - and occassionally a mining fund. I kept another 10% in internation…
I think your question is pretty far out in left field. Whatever my thoughts on inflation or the economy I’d never risk all my assets on commodities, gold or other. Moderation in everything.
PRAFX is a decent fund at TRP. Buys stocks that profit fr…
Quadrillion comes after trillion;refers to the number of mosquitoes in Alaska and Northern Maine, starting about this time!
Had to put the daily hiking in the dunes on hold until the bugs clear out - all up an down the lakeshore. Mosquito repellent…
Under David’s stewardship at MFO the Dow Jones Industrial Average has roughly tripled, rising from 12,800 on 4/29/11 to near 34,000 today. Stepping aside at the top is never a bad idea. :)
And - thanks for everything David. Please continue to po…
Dam’t! You’re fast OJ.
Yep- Somehow after a long hunt I came across an obscure link in close proximity to Amazon’s “robotic chat line” called “communicate with a live representative”. Clicked it and got into a good chat with a human at the o…
@Baseball_Fan,
I take your question as directed at the broader audience here. Personally, I don’t have anything very incisive to say or add. FWIW - Here’s the portion of the linked article I was succinctly referencing for @Catch22 who’s apparently…
I think electrical problem is a much encompassing risk to the aircraft than ice build-up …
Agree. One function the electrical issue impacted was the warning light that would inform the pilots that the anti-icing devices on the plane weren’t operati…
Thought about clicking the link; but too many other chores on my list.
It is asking too much for a snippet overview of a link??? A gracious and polite consideration, IMHO; by a poster.
@Catch22 - Here’s a succinct snippet if you’re too busy to re…
At what point does this kind of BS become criminal? Intentionally sowing distrust in the election process. Seeking to illegally influence the election result by suppressing voting while at the same time causing some to try and overthrow the results…
@hank- As you know only too well, a general labor shortage is a very different thing from a trained/specialized labor shortage. You can't pay just anyone to "go to work" and then turn them loose on your plumbing or any other craft requiring training…
“ … every human creature is constituted to be that profound secret and mystery to every other. A solemn consideration, when I enter a great city by night, that every one of those darkly clustered houses encloses its own secret; that every room in e…
@LewisBraham -
I should have said “unspoken elephant in the room”. I agree that’s not mentioned in the article. It is, however, my overarching fear of what may come of attempts to make the content more appealing to a wider audience. Thanks for cor…
I think it's worth reading this article in its entirety before passing judgment. A lot of important insights into the situation.
I hadn’t read it completely before posting. Having now done so, much of the issue seems to stem from (unsubstantiated) …
“... I'm not sure why there is an assumption in mass media that someone who is famous for one thing is necessarily great at everything? It's sort of like having actors and reality TV stars in politics.”
Well - Commercial TV in general stinks, a…
Krugman argues against the super-core inflation thesis. His title is somewhat of a straw man which he proceeds to knock down. To that end he agrees with Jay Powell that the bout of inflation we’re about to witness will be “transitory” (Powell’s wor…
Thanks Catch. What I’m wondering is whether the numbers displayed have been adjusted for changes to the method of computing CPI over that time?
https://www.investopedia.com/articles/07/consumerpriceindex.asp
As the linked article points out, some …
Thanks @Sven -
Of course we all want Reuters and other news organizations to flourish. If charging is the answer, than so be it.
I’ve not not been as impressed with Reuters as some other sources of news and information. Their daily newspaper go…
@JohnN - You need to distill all that disjointed data for us. Otherwise, as noted / implied above, it’s just drivel.
distill - dis·till verb
/dəˈstil/
1. purify (a liquid) by vaporizing it, then condensing it by cooling the vapor, and collectin…
”Schwab and TDA had insane phone hold times in recent months. On Friday I called both and got thru each time in under 2 minutes. Amazing!”
- With 15% of all current investors new to the game, I’d imagine there’s increased need for telephone-based …
Last month I experienced a (non-typical) one-hour telephone hold at TRP while trying to follow up on an important matter. Is it possible they were / are also experiencing this same kind of heavy trading activity?
I discussed the hold time when an…
I haven’t read everything above but I say cash is form of bonds.
More appropriately - Bonds constitute a derivative of cash. You have surrendered the cash (having immediate liquidity) in return for a promise of said cash at a later date plus future…
”I I was wonder if the article,From Randall W. Forsyth - Barron’s April 26, 2021, had anything to say about union pension funds?”
@Derf - Sorry, no mention of union pension funds. The weekly Forsyth column tends to ramble, hitting on a lot of differ…
(This one will probably run off the tracks - though wasn’t the intent.)
* I’ll roughly summarize a second interesting tidbit from Forsyth this week:
- Private pension funds have done well lately, now being on average 98.4% fully funded - up 17% …
Imagine if the previous leadership in Washington had taken the initiative ... devoted its time in office to educating the populace about the seriousness of the disease, promoted mask wearing, hand sanitizing, testing and ... yes - vaccination.
Sad …
I might be wrong, but it seems like when I was a kid (50s) you could drive into Canada at the 3 different Michigan border crossings without any check at all. Than they started doing minimal checks sometime after that (60s) - but without any hassle…
Thanks @bee for this and all the great interviews you continuously dig up and share.
Haven’t followed Mr. G lately. He was a pretty “hot” fund manager a few years ago. Sounds to me like he’s just “biding his time” waiting for an opportunity to pou…
Note: I’ve not listened to entire interview.
@bee - I hope you don’t take it personally. You have every right to post the interview / book promo. It’s hard for me to take it seriously. Yes, there’s a scintilla of truth there. The themes of deat…
https://www.businessinsider.com/book-steve-bannon-is-obsessed-with-the-fourth-turning-2017-2
I don’t subscribe to theories of inevitability and gloom be they political, cultural or financial. Nor do I as a boomer yet find myself “fumbling around”…
@rono has it right.
Lynch was always big on the concept of keying off something you personally knew a lot about. Used to cite his wife’s judgement re fashion trends as an example. So, more accurately, one might key off some new trend in fashion (…
@bee - Thanks. Your link worked fine. Impressive stats and layout. In a sense, Information overload.
- Their “60” score is interesting. MaxFunds says “91”. Finny finds a low AUM a detractor (If I read it right) while MaxFunds would find that …
A cute 10 minute clip. Lynch always was telegenic - hasn’t skipped a beat since leaving Magellan when it was at the crest of the wave. Is it as simple as “Buy what you know”? More appropriately what he means is : “Learn / Research / Study” before …
