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.
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…
@shripwreckedandalone
Costco claims to have a free 5 year road hazard warranty. LINK
The 3 years your dealer offers sounds pretty good to me - if you trust him to honor it. We’re talking about damage from pot-holes, debris on the road, etc. (not n…
Yep - Noticed that a couple days ago when I looked at Price’s Media and Telecom, PRMTX, +77% as of today. Their Blue Chip fund, TRBCX, is sporting a similar one-year gain.
Union? Give me a reliable phone number when problems arise and someone on the other end who speaks English. At this point I’m finding it better to swallow the loss on some defective electronic items rather than to continue crashing the boards in a …
Yep - Blew right through that 1.5% level. Folks are realizing that the Fed’s rate control is mostly over the very short end of the curve. They can, of course, buy huge quantities of longer dated bonds to try to keep the lid on. But tough. Pure con…
@Derf. You brought me luck. Had money riding on Portland in last night’s game. Looked like it was in the sewer until the amazing ending:
“Damian Lillard made two free throws with 1.2 seconds remaining ... as the Portland Trail Blazers rallied …
Can’t take much more of Grantham - be he right or wrong. Bloomberg continues to re-air that interview weeks after it first appeared. However, I have the greatest respect for economist Henry Kaufman (whom those over 60 may remember). When Louis Ru…
@Catch. Sorry to step on your toes. I happened upon this item last night while reading Bill Fleckenstein’s market summary and hadn’t recalled your earlier post. Yep - I looked to Bloomberg first, but like you, was blocked.
Hi Derf - Good to see you over here in the OT den.
To answer your question ... I don’t bet on the local teams. And rarely watch. Best not to have any emotional attachment if wagering. Can cloud your judgement. Since the sites generally allow be…
@hank AND @Derf: here in SE MI we are deluged with offers of "free" cash for use on the newly legalized online gaming sites. I love sports, but have never considered waging on them. I'm probably out of it as evidenced by my failure to hear anything …
+1 LB -
I thought of that too, but didn’t want to stir the pot ... :)
An eloquent document, the Declaration of Independence Is in essence a declaration of war against Great Britain. It establishes the rights of citizens to bear arms against an es…
Re @bee’s above comments...
We kicked this concept around here roughly a decade ago. I thought than it was totally WACKO.
In hindsight, it would appear to me anyway that if a retiree is able to protect & grow his / her nest-egg during the cruc…
A side by side comparison of the 3 above mentioned funds would show a similar “average” track over the past 3 years. Looks like by combining RPGAX and PBDIX you’d arrive at a return near that of TMSRX and a roughly similar degree of volatility.
Um…
Thanks @Baseball_Fan for the candid appraisal. Always good to remind folks that these are our considered opinions - not advice. Everybody’s situation is different, and without having all the nuts & bolts of their situation, it’s hard to give ad…
All good. Makes me want to grab colored pen and start drawing circles.
While most published model portfolios represent the broad basics like cash, bonds, stocks (foreign and domestic) you can get creative and construct your own model based on f…
:) Thanks @Simon for the cost conversion ...
@Sven - Thanks for the thoughts. Yes, folks need to take their own circumstances into consideration. Also the destination and activities. FWIW - The Pres is talking about having everybody that wants …
Good post @bee.
Not mentioned in the excerpt is how unfair the pandemic has been to lower income Americans who weren’t able to work from home and many of whom don’t participate in the stock market. Yet, they have endured the disease and sufferin…
Let’s reword @bee’s question a little ...
“Which mutual funds stand to do well during periods of high inflation?”
Two I own that are designed to benefit from high inflation: PRAFX, BRCAX.
The first one invests in companies that produce or se…
Less than a year ago you (or your commodities / real assets fund manager) could have purchased a futures contract for oil selling at below $0. Much better to have had that kind of foresight / act in a timely manner than to be piling into oil and oth…
Thanks @JohnN.
Just skimmed this. Looks interesting. Problem I have with specific advice like this: Is this free investment advice from Merrill Lynch the same as what they tell their wealthy clients? Something tells me it’s inferior to what their…
Without getting too scientific, I always thought the idea of portfolio diversification meant (or at least implied) that over any short period you’d have both winners and losers. Over time you reinvest some of the the profits from your winners into …
Hi Catch -
Dow + 300 or so today.
Nasdaq - 300 or so same day.
Gold sunk further to $1680
10 year Treasury touched 1.60% early today but apparently backed off to 1.57%.
Wacky.
I agree with @Stillers in that “conservative allocation fund” might dictate something more conservative than many suggestions here for @sma3’s sister.
I’d begin by asking her how big a drawdown she’d be comfortable with over a 1-3-year period. If i…
@carew388 said, “Unfortunately, the best-in-class PRWCX is still closed ...”
I own some PRWCX. Great fund. But would you believe that over the past year DODBX has performed better? (+26.75% vs +22.57%). At the 5-year mark they’re close, with PR…
Thought I’ve correct / embellish my above comments. From Randall Forsyth’s regular column in Barron’s (March 8), Forsyth mentions some instances where the U. S. government or Federal Reserve did control / manage longer term bond rates with some pos…
“Many believe that the recent rise in US treasury yields has crept up on the Fed policy radar and that the natural next step for the Fed is to hint at and eventually deliver a yield curve control (YCC) policy ...”
Thanks @bee - I’m guessing that t…
Hope my light-hearted remarks above didn’t offend. I’ve owned TMSRX nearly from the start. You’ll do better in a low cost equity fund over a longer time period. But for those with shorter time horizons or who are skeptical of current equity valu…
TMSRX down .56% today. I know it's only one day's performance, but any ideas what happened?
LOL - @Blitzer, The fund is not meant to be understood. :)
Honestly, your guess or mine would be as good as anyone’s. I suspect they short some major equi…
Thanks @Sven and @Baseball_Fan for the comments.
” I never quite understand gold as an investment ... “
@Sven - I doubt very many, including myself, understand how it behaves. It’s always had kind of a “doomsday” following (the end of civilizatio…
I see little value of holding gold in this environment. Perhaps gold miners maybe use for trading purpose. I share the opinion with Warren Buffet on gold.
It can be the most wonderful - and also most awful - holding among one’s investments. I’v…
”... what % of your portfolio are you allocating (to TMSRX)?
TMSRX = 16.87% of portfolio. My largest single holding. Part of a 33% targeted commitment to alternatives. (PRPFX and ABRZX comprise the remainder of alternative sleeve.)
Different s…
Bolsonaro would be comic if not so tragic.
Good read in the WSJ today on this. Brazil’s new Covid variant P.1 is approximately twice as aggressive at infecting people than the earlier strains of Covid and is hitting the 30-40 year old segment of Br…
Update: Landed successfully but blew up seconds later. Close.
https://cnet.com/news/spacex-starship-prototype-sn10-flies-high-nails-landing-then-explodes/
”If the below explanatory link for "Twist" becomes an operational reality, the short duration bond area may take a hit to help support 10 year+ bond duration's. So one could expect to be happy with a better yield at the shorter duration end, but at …
Here’s a link to a good (interactive) chart of gold prices for those so interested. Note the dip last March 20 which aligned with the stock market mini-crash and severe liquidity issues in short term investment grade paper.
FWIW - Nothing makes se…
@JonGaltill -
Just wanted to thank you for posting the question. You “set it up” for us and several, including myself, have taken a swing. The important thing is the counter arguments are directed at the question and not meant to malign the questi…
