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.
I know otherwise intelligent adults in my area who refuse to get vaccinated. I’ve never done Farsebook - but my understanding is that just about any fear or stupid belief you might hold can be “validated” by someone out there in Farceland.
D…
Not much good to be said for gambling (sports and otherwise). However, in small amounts ($5-$25 a wager) it’s a useful way to understand your psychology and how overconfidence or greed can destroy an asset base. The psychology is quite similar. …
I found this (excerpt below) on The Street.com
“When you buy gold and silver physically backed ETFs you do not own the physical metal, you own a paper representation. With respect to the gold ETFs, for every share you buy, you "own" one tenth of a…
@JohnN - Would you please explain where that gold flowed to? #@*&#!
Gold’s perked up in recent days. Near $1750 after dipping below $1700. Mining stocks have recovered. OPGSX, of which I own a bit, is almost back to break-even for the year.…
Re 7% ... No certainty of course. One reason we enjoy watching markets is the inherent uncertainty day to day. I tossed the 7% figure out only for some perspective on @Crash’s reference to not taking withdrawals after a “down year”. The criticalit…
Apologies for the earlier incorrect (News Max) reference. I was awaiting a flight back to Michigan in Charlotte earlier today when I posted that in haste. Did a lot of beach reading over the past week while in Hilton Head - but with Barron’s, the W…
Thanks @Derf for the dose of reality. I was off 3.27% in 2018. I do recall the markets collapsed late in the year. Short lived. (Maybe the Fed tried to take away the punch bowl?) Also, in 2015 I lost a bit over 4%.
I’m not sure whether such min…
”if the portfolio had a down-year” ... Down Year? - An archaic and disabused concept many newer investors have never heard of. Wil need to check calendar to see if / when such a phenomenon last occurred.
Today’s mantra - Q/E - Now and forever!
@MikeM - All good points. BTW - always glad to see you posting.
Investment nomenclature changes. Go back 10-15 years and board participants talked a lot about “stashing away dry powder”, “backing up the truck” and “going all in”. Not sure what’s…
I don’t think of it as dry powder. Fixed income is an integral part of a conservatively diversified portfolio suitable for my age, situation and risk tolerance. That said, cash and cash alternatives are pegged at 12% of portfolio with bond funds (in…
After the Strong Capital Management (and other related) scandals in the late 90s the SEC pressured fund houses to crack down on frequent trading abuses. These “skimming” operations were often orchestrated in concert by large groups (ie an employees…
Looks like the online airline reservations system has broken down. Been trying for over an hour to book some travel (like anywhere) next month on American, United, Delta or Southwest and all are unable to show any possible flights or details to va…
No I don’t recall. My check of the rules indicates both teams had 2 time outs to burn at the start of the overtime. UCLA fell behind early in the OT - so I suspect they used both. Happy Easter to you as well @Derf
Here’s the longer version from same ARRP story linked above:
“Add travel to the activities vaccinated Americans can safely enjoy again, according to new U.S. guidance issued Friday.The Centers for Disease Control and Prevention updated its guidanc…
Generally, it’s been a decent year for hard assets (which includes commodities).
Yesterday - OPGSX +4.12% (but negative for year), PRAFX +1.79%, TRGRX +1.63%, BRCAX +.28%
I don’t think the above one-day return proves anything, but it does contr…
”... an interview a couple of weeks ago where she responded to direct criticisms from Jim Cramer and it was pretty strong counter.”
I’d love to see Louis Rukeyser interview her. Alas - 15 years too late.
@Bud - Here’s a thread on ARK started by @L…
Watts in a name? :)
Wonder how many people know the origin of Tesla‘s name? It was named after Serb inventor Nicola Tesla who pioneered the first AC electric motor - a vast improvement in durability and efficiency over the DC motors in use up to …
One of @Catch22 funds FRIFX finally having a nice YTD. @hank, “I wonder if GNMA funds might be a better bond choice going forward.”
Yeah @bee. I pondered that long and hard early this year when I realized it was time to vacate some of the intermedia…
Agree with the consensus. But looking back to a year ago, the 3 funds I cited had very good years - even starting from a rather low interest rate level. (Price’s GNMA has been a laggard for years - plus they had an incredibly short duration on it …
Just wondering if it’s time to pick up some investment grade intermediates thru a fund (4-7 year duration) as a short or intermediate term hold? At last look the 10 year had risen to nearly 1.8%. Wasn’t it below 1% only a year ago? Things don’t no…
Sorry I was unclear. I meant that if an investor is knowledgeable about the types of investments that would prosper during an inflationary environment before inflation becomes a paramount consideration he stands a better chance of making good decis…
Thanks @Sven,
I’ll check them out. A lot has changed in the 15 years since buying the last sofa. For one, the particular company’s brand name has suffered as they cheapened the product. Pays to read up and research current products. For another…
At a tad more than FD1000’s hypothetical 3% inflation rate, inflation at 3.25% yearly would result in a 10% increase in the cost of living in 3 years (Inflation compounds in a manner similar to compound interest.) Not to say that would be good or b…
Some recent thoughts fromTRP on the subject ...
T. Rowe Price
As mentioned earlier, a better buying opportunity existed 6-12 months back. I’m not certain this is the best time to dive into these funds after a big run-up.
At a glance, from that sat image one might imagine they could run two very thick steel cables (from bow and stern) to shore and winch like hell. Of course, that’s a great way to lose your head if cable snaps. In this case, it probably would take o…
Thanks @Catch22 for the correction and link. I should have checked the date before posting.
I’ll view the video in time. I know from having fished with downriggers on Lake Michigan for around 40 years how easy it is to get tricked by the bottom. …
Great stuff OJ. Toured the Sundew a couple times as a kid when it was stationed in northern Michigan. Was later moved to Minnesota until decommissioned. Not a small ship by any means - which is why I used it to show the mammoth size of the tug i…
You think inflation is going to stay low for long?
The “brainiest” people at the Fed say so ....
“Temporary Inflation” is how they put it. I think they mean it will be like downing a few shots of Old Crow all at once. The glow will be just t…
Thanks OJ. I’d come across the container shortage somewhere in the fog of half-sleep. Didn’t put 2+2 together until you pointed it out. Right on. Just wondering if prices of some goods, like furniture, might drop a bit when the container shortage …
For some sense of size:
The pictured tug boat Baraka 1 is 69 meters long (226 ft.) with a beam (width) of 16 meters or 50.5 feet. That makes the tug boat substantially larger than a typical 180’ long great lakes Coast Guard cutter like the USCG…
You suppose if we tracked down everybody’s first FA / MFO post they’d fetch that kind of $$?
But the real priority here might be a charitable organization ... “Give Directly’s Africa Response fund” where Dorsey intends to donate the prize.
No problems. It’s a bit more reliable most days than an app I pay a small subscription fee for. The most frustrating thing with M* is that it fails to keep me signed in longer than a week, so need to log back in occasionally. It’s free. Who’s compl…
Mine are all different colors. Here’s my guess as to what’s happening this year from watching markets .....
Mostly Green - energy, commodities, real estate, financials, very short duration bonds, deep value funds - the kind nobody’s wanted for s…
