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Any thoughts on his GE bet?
He is really negative on Treasuries:
When it is hard to envision a scenario in which an investment generates a mid-single-digit return—and when it is easy to envision a scenario in which an investment generates a double…
@Derf,
My initial (2020) purchase of PRLAX occurred on 2 successive days, April 2 and April 3. Was off close to 50% YTD at that time. Sold a couple small chunks (about 20%) late April / early June as it had risen quite a bit. As of yesterday, fu…
Sold all PRLAX (locking in gains since late March). Purchased identical amount of DODFX (new position). Added to mining fund OPGSX on slight weakness. A 3 positions are in my speculative sleeve. Gold’s wicked. But I think over the next year it wil…
@hank
>> a week ago [DODLX] really rocked my boat when the NAV fell through the floor one day for no apparent reason. Of course, next day the $$ was back in my account via additional share purchase.
so does this mean you are or were unclear…
@Derf,
Linked article addresses the nature of what are commonly termed donuts. I believe these distributions are done primarily to comply with regulations imposed by either the IRS, the SEC, or likely, both. So it’s a way for investors in the fund…
I suspect that what @Derf might actually be observing is income or dividends being paid out and than used to buy additional shares, as some funds pay out income on a quarterly basis. Technically, the payout likely occurred at the end of the day yest…
Sorry to hijack the thread! :)
Well Sir - If a hijack occurred, I’m the guilty party. But I prefer to say we embellished the thread. :)
Thank you for the insights into puts and calls.
The current U.S. minimum wage is $7.25 an hour. An 8-hour 5-day work week nets $290. A month’s work nets about $1160.00. Those $750 monthly contributions would consume 65% of the individual’s pay. (Hopefully, there’d be minimal payroll taxes.) A…
Thanks @Sven - For some reason I’ve always read the paper fund reports they arrive in the mail, but rarely online unless I have a specific need. Recently shifted to 100% online account info (for security reasons), so don’t get Price’s reports mailed…
Yes - but only when the fund that “blew up” is held within my speculative sleeve (the equivalent of gambling). That represents anywhere from 0-15% of investments. One of the spec holds, PRLAX, has gotten shelled the past 3 or 4 sessions after ris…
Thanks @Graust
Yep - A single put or call = 100 shares. 3 puts would equal 300 shares.
I hadn’t advanced yet to calls. Let’s see ... if you sell a put, than you must buy calls.
From Investopedia / “ When you buy a call, you pay the option prem…
Tomorrow (September 30) Price’s 40/60 conservative balanced fund TRRIX celebrates its 18th birthday. Since inception, Lipper shows the fund averaging 6.25% - not too far from the 7% figure being batted around here. That was than this is now? Thin…
Good morning @hank : "One thing I like at Max Funds is the maximum 1-year loss they envision. Worst case scenario for sure. Where it’s helpful to me is in looking for / comparing relatively ”safe” funds to meet a certain portfolio need. "
Is ther…
@Gary1952: I’ve ferreted out for you the essential points in the Mester quotation. Here’s what she said:
Mester’s Overarching Thesis: “Opportunity and inclusion are important for achieving a strong economy”
How Mester thinks the “policymakers” c…
MaxFunds tends to low-ball funds. Seems to me they base a lot of their subjective judgment on fund expenses. They’ve never deterred me from owning a fund. But if I’m trying to decide between 2 that appear very similar, I’ll defer to their opinion. R…
I really appreciate @VintageFreak’s help in my understanding how selling puts to raise income works. Hopefully, my comprehension as expressed above is mostly accurate. While it had little to do with his original purpose in posting, it exemplifies wh…
- TSLA closed at $427 Friday.
- Linked chart (thanks to VF) is set to TSLA’s Friday close. / OK
- Scan down chart (left side) to TSLA futures @$200 / share and note the accompanying put price of $2.25 per share on specified date (11/20/20). /…
”I'm paranoid of me or TRP messing up closing account and giving me a check which I have to then send to broker.“
That’s understandable. I hate doing custodian to custodian transfers, fearing the one sending out the proceeds will misunderstand my i…
Geez - Looks like I stumbled into some extra work.
74, single, retired 22 years. Pension from State of MI in the upper 40s with a 3% annual increase on the original “base” amount. So the 3% annual increase doesn’t compound. Still it’s helpful. That…
Sorry. Didn’t mean to rag on you @Rbrt. Your posted question is fine. I occasionally sit down and look myself at what my “biggies” are, since the various allocation sleeves are all I really care about and pay attention to.
Was reluctant to post m…
1. PRPFX
2. TMSRX
3. DODLX
4. DODBX
5. PBDIX
6. RPGAX
The two largest holdings (top) exceed 10%.
I’m not sure what value, if any, this has for others, since they are unaware of the other holdings, how the portfolio is constructed or the age and o…
Thanks for all the heavy lifting @msf,
I’ll study this. Sorta makes sense. Was wondering earlier if it made sense to shift to their prime money market fund until TRBUX returned to near $5. Even if my worst case scenario were to happen (you’ve assu…
Price’s ultra-short TRBUX (not equivalent to a money market fund) is normally pegged at $5.00 But has managed somehow to creep all the way up to $5.09 resulting (in part) in a 2.62% YTD return. This seems to me to be the financial equivalent of bei…
Looking at today’s results ... hard to make out much. Commodity related assets / funds got creamed across the board - universally it seems. While I don’t consider gold a commodity in the normal sense, the miners look to have dropped about 4%. TMS…
Sorry to pile on. (Probably well deserved though.)
Actually, it occurred to me later in the day that in the “grammar lesson” above the “teach” managed to misspell bytes (as bites). So I’ve returned to the scene of the crime to correct my error. N…
I was going to post a noon update, but I’ll hijack @Derf’s thread here. Woke up this morning to news Europe - particularly the U.K. was seeing heavy selling. A resurgence of Covid-19 in England and across the continent is being cited by many as th…
This all might have been avoided had @Old_Joe understood transitive and intransitive verbs better. Obviously, “tipping“ as intended in my query is an intransitive use of the root word “tip.” Unfortunately, Old Joe thought it was a transitive use o…
@Crash - Good recall. For benefit of others, the remark was from one long-time direct investor with TRP to another who had recently moved a large sum to TRP, in part to qualify for some of the “perks” TRP affords larger direct investors with the …
Re RPSIX. Not a bad fund. Here’s some possible reasons it’s had a lackluster year:
12.3% invested in stock fund PRFDX, which follows a value investment approach (long out of favor) and has 21% invested in financial stocks which have struggled rece…
Robots are delivering food at ASU.
The robots are provided by Starship Technologies. The units look more like rolling coolers than starships.
If I were a pizza delivery boy I’d be very worried.
Also - How much should you “tip” a robot?
Oil went negative on the futures market April 20. Since than, my commodity related funds have enjoyed a nice uptick. I long suffered with PRNEX, PRAFX. The first is still badly underwater YTD, but has perked up. The second is almost back to break-…
“My current bond funds consist of domestic investment-grade bonds almost exclusively.”
I’ve got about half of my bond allocation in DODLX, which is mostly investment grade - both domestic and international. The rest is mostly in investment grade i…
@MikeM - Thanks - I always enjoy hearing how others try to hedge their portfolios. Gold to me is kinda the “wicked witch” of investing - best to have her on your side. Nasty when she’s not. BTW - How much (%) do you keep now in that robo-portfolio…
This is part of tech advancement. Cars are built today by robots on assembly lines. Still it requires human to programming and maintenance of the robots. Machine learning helps to speed up the iterative development process for manufacturing. I can …
I wasn't expecting FIPDX to return roughly 9% this year. I thinks there's something to be said for already being there when things turn around ...
Yahoo shows FIPDX having a current duration of 5.7 years, below the 7.3 year category average. I’d …
