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.
Nothing here about Herman Caine who died of Covid last week. Folks are steering clear of linking his illness / death to his attendance at Trump’s Oklahoma event, though he fell ill just a week or two after attending Story. Tragic any way you cut i…
Thanks @MikeM for the comment. I was aware of your past experience with PRPFX. I slowly established a position during 2014 and 2015 after most of the euphoria with gold had subsided. January 4, 2016 I converted it to a Roth (and discussed that here…
@Catch22 -
The 39% YTD return for long duration zero coupon bonds is eye-catching. In seeking to enhance my cash allocation with some speculative plays last March I attempted to seek out the best risk / return possibilities in my judgment ... Sorry…
Hi Ol’Skeet,
I’m loath to say much more about PRPFX as I don’t want to appear to be promoting any particular fund or type of investment. Here’s a link that should bring up their allocation model with target weightings. LINK ... It’s those diverse …
Thanks so much folks. I’ve rechecked @msf’s conclusion that a “regular“ license renewal does not require a birth certificate and agree with him. Obviously, my friend was confused by something she read or heard concerning the new “Real ID” license. …
“My normal asset allocation is 20/40/40. As you can see I am +5% heavy on the income side of my portfolio...”
Thanks Skeet, Since you and I are in similar boats age-wise, risk-wise, I’ll share the allocation model I’ve used for the past 2 years no…
I’d love to hear BennyB’s views on the issue (vs name-calling). I try to ignore name-calling from both sides. It does nothing to enlighten or clarify the serious issues here and only heightens animal spirits. The Yahoo News poll cited by Louis a…
IMHO Chris Wallace is one of the better political reporters / interviewers on air today. I try not to miss his Sunday broadcasts on Fox. I was surprised that the following exchange from Wallace’s near hour-long interview with President Trump on J…
Every time I moved, I cursed lugging around my silver and gold accumulations.
And you were no doubt moving into bigger and bigger homes. Must have been tough lugging all that stuff up all those higher and higher staircases. :)
It was nuts in the 70…
@hank - compromised living conditions at least with my property. I'm surrounded and covered by trees ... .
Never met a tree I didn’t like. Hate to remove them. As a consequence, many grow close to my home. I’m guessing what they really want to avo…
@Mark - The linked article explains Starlink’s upcoming beta testing and contains a link to their sign up page to be considered as a beta tester. (Sounds like those tests might possibly begin sometime in August.) I signed up last night after tryin…
Good to see you posting again @JohnN. I was getting worried about you.
Interesting topic even though everybody knows this. Musk is a genius. Suspect Tesla’s outrageous valuation is more of a bet on the individual than anything else. I dunno. Ther…
Anyone else baffled by the fact that someone is standing in water deep enough for that shark to swim away, circle back, and bite them?
My thought - There’s a lot more to fear from other humans than from sharks and most wildlife. (I did however expe…
Under the theme It could always be worse ... , I nominate a verse from a CW song by David Allen Coe:
“ Well, I was drunk the day my mom got out of prison
And I went to pick her up in the rain
But before I could get to the station in my pickup …
Sold remaining position in OPGSX (miners). Nice ride last 2-3 years. Getting nutty now. Split proceeds between Invesco’s commodity fund (existing position) and global infrastructure (new).
Rest assured, I have absolutely no control over the markets…
I didn’t mean to insinuate you did. I tried to answer your concerns thoughtfully about how oil impacts various commodity related funds. That’s all. Actually, you can go to M* or Lipper and look at the 1, 3, 5 year returns for those types funds if yo…
@Sven Exactly. Easy to make a profit in ANYTHING if you invest at the bottom.
Corollary: Easy to lose money in ANYTHING if you invest at (or near) the top.
Would oil be a drag on a commodity fund?
Oil has been a tremendous boost for funds that invest in oil futures since the price went negative April 20. Over the past 3 months oil’s soared to over $40. I don’t even know how to compute such a phenomen…
The dollar’s tanking after decades of strength. Some of that relates to the Fed’s recent printing spree and some to our dismal failure dealing with Covid. Reminds me of the scattered bits I can recall from the late 60s and early 70s - several year…
On another note, I’ve been hmmming a lot over the events in Seattle, Portland and other American cities.
I’m thinking there must be a graphic buried away somewhere (maybe in a political science department’s vault) that visually delineates the g…
List of Businesses Amazon is in ..... (Pardon my dangling preposition.)
1. Retail goods
2. Amazon Prime
3. Consumer electronics
4. Digital content
4.1 Amazon Studios
4.2 Amazon Games Studios
5. Amazon Video
5.1 Video Direct
…
So many great suggestions. My thoughts, overall, are that the hands-on experience grandson will enjoy with his initial nest-egg will motivate him to engage in financial conversation and study on his own. Books? I get lots from folks around the holid…
I just looked. Gosh, DSENX is only off 3.5% YTD. Not bad at all. And it’s made good $$ for holders over the years. It’s hard (possibly counterproductive) to try to figure out why some funds excel and some lag over relatively brief periods. Many had …
I took some heat back in March 2017 for referencing DSENX as “a bit of a black box.” It wasn’t meant to be derogatory. Heck, I’ve said the same thing about TMSRX which I own. But this old thread might shine light on some of the reservations express…
“Generally, Fidelity funds have a $0 min.”
@msf - Does that mean that if I send $10.00 (ten-dollars) to Fidelity I can open 10 accounts in the amount of $1 each in 10 different funds? If so, I’m just crazy enough to do it!Yup. I just entered an o…
“Generally, Fidelity funds have a $0 min.”
@msf - Does that mean that if I send $10.00 (ten-dollars) to Fidelity I can open 10 accounts in the amount of $1 each in 10 different funds? If so, I’m just crazy enough to do it!
Most (if not all) of the funds at T Rowe Price have a $1,000 minimum for an IRA (including Roths). Not the lowest expense ratio in town, but reasonable. You’d be setting him up with one of the most respected outfits out there.
First $1,000 POMIX - …
Hi Ol’Skeet - I’ve kept around 10-12% in commodity related funds for the past 2 decades. More bad years than good. I hung in there because I figured that, like John Hussman, I was bound to be “right” some day. Who knows where the stuff will be a …
As @Mark noted, miners were up about 2% today. While there’s some correlation with the metals, the miners often seem to go their own separate way. On a really good day, look for the miners to pick up 3-5%.
I have limited exposure to miners and c…
Yes - Very good stuff from OJ. What I did was split up the “pot” I’d set aside for extensive travel this year - particularly for theater / cultural enrichment. With no travel due to Covid, that left quite a surplus. Part I reinvested when the m…
@hank: Did knowledgeable guy say what was causing.
Covid . Not enough workers to run the sawmills, plus supply chain issues also related to Covid.
Logging / milling is something we don’t often think about when building a new deck. Been around s…
MikeM said, “The swamp has never been more polluted in my life time.”
I happen to live near a swamp. I like swamps. Swamps serve a valuable service to the environment. They cleanse the water and replenish ground supplies for dryer times. They he…
Chapter I -Too complex for me. Fortunately I purchased the DejaOffice App at Apple around the time I retired. It has proven highly reliable and very versatile for creating various files and keeping backups. Updating the most recent backup to all dev…
