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.
Hope not too non-topical. Just based on relative performance of some funds I hold and following various print / non-print media:
(1) Following the March meltdown, value stocks began to outperform many other sectors. That was a surprise after the…
Bolsanaro makes our nut wannabe dictator of a president seem sane by comparison. Bolsanaro's a real dictator in the making. Ours is just a reality TV version.
Not sure I agree ... But that must be what O’Connell and buddies are banking on. I agree…
We all have some sort of “barometer”: Internal guidance, hunches, an index we watch, technicals, a plan written down, prior experience or maybe a “guru” we follow. @Junkster, who I’ve enjoyed following a long time, seems to rely heavily on some …
@bee said “Anything surprising you in your portfolio?
Good idea bee. Sometimes it’s easier to get one’s head around a dozen or so various funds than try to take in the whole universe. Prior to today, I’d have answered your question in the affirmat…
@sma3 - To each his own. I’ve been reading Barron’s (admittedly off and on) for 50 years - probably longer than many here have been around. Hard to compare, but I still find it current and loaded with stimulating news, interviews, financially releva…
@Baseball_Fan, Thanks for the shout-out. David mentioned Rondure Funds in his February, 2019
Commentary. Just a bit here: “Rondure Global Advisors is newer investment adviser which is Grandeur Peak’s partner. Rondure, like Grandeur Peak, was launch…
“BTW, was Mobius partly responsible for the many signals in the past decade or so to buy emerging markets?”
Hi Ben. Nice dig. Mobius seems to be the eternal optimist. Likely a disciple of Sir John. I resisted mentioning this (infrastructure refe…
I agree with much of the sentiment of others here that valuations don’t make sense. Possibly, some drivers:
- Mark Mobius is convinced a huge infrastructure spending program is in the works (planning) and will be announced and passed by Congress p…
Thanks @Junkster. You’ve been very good luck since returning to the board. Appreciate your wisdom and experience. I’m not knowledgeable on technicals or the Zweig Indicator. But darned near worshiped Lou and Marty and the old gang. Sometimes for g…
@Davidrmoran said, “ So I am defeated by you.” - No. Not defeated. Perhaps we’re both humbled a bit.
- Possibly we both have tunnel vision. I see emerging inflation and more than one way to measure it. You don’t.
- Maybe we learn in different…
Fuck, man, stay on target. I am not trying to impress you but to answer in good faith your complaint that I said something was bunk by giving you the reasons for my saying that. Go read before whining at me further! So much for the effort I gave it…
@Davidrmoran - Not every comment here needs to be concrete, verifiable or even true. It is a discussion board and folks, including myself, sometimes make comments without full documentation or explanation. I can live with that. A bunch of folks with…
@davidrmoran, to make a statement like that encumbers you, IMO, to provide some substantiating evidence re the actual inflation rate and perhaps do some specific comparisons between your “non-bunk” and somebody else’s bunk. Harsh dismissive words d…
@hank: Thanks for the reply. After reading your reply I do remember seeing some of your moves on MFO. I purchased two allocation funds mentioned here, SFAAX & VLAAX & bought VWINX at Vanguard. StaySafe, Derf
@Derf - Sorry for delayed respons…
Thanks @rono,
Afraid my response was a bit over the top. Apologies if I offended anyone here. You might like to know that “Fleck” who I read most days agrees with you, saying of today’s numbers, “... so obviously erroneous that I'm shocked anyone …
I guess we’re playing with semantics here.
“Fabricated” = “completely made up. An investigation will follow.” Geez, I don’t think so.
We had one last winter. You saw where that went.
“Cooked” = “distorted, exaggerated, shaded, tilted, incomplet…
@Catch22 - Your regular and comprehensive “Fund Boat” commentaries (“Bond Boat” my nick-name perhaps?) for many years here and at FA were a classic. While I argued with you a lot, they were always packed with information about investment grade bon…
What next to replace bonds?
Yes, please respond to @Sven.
I find it encouraging that the 10-year Treasury is over .90% this morning after dipping below .50% briefly in March-April. My understanding of the rate curve is quite limited, but I’d expe…
Giroux is one of the best managers of all time.
Dodge & Cox just the opposite.
@FD1000: Yes - Geroux has proven his worth. BTW - I’ve owned PRWCX since the 90s. Rarely mention it. It’s been a popular favorite here for at least the past deca…
Good morning @hank. I take it your buy/sells were in equities that you own or did own ?
Stay Safe, Derf
Hi Derf, It was crazy back than. I left enough “tracks” here back in March to provide a pretty good …
What’s curious, I think, is how wrapped up in this market turmoil Geroux admits to being at the time. Recall that there were a number of 1,000-point up / down days for the DJI in March. But the down days were stunning in severity and across many s…
I also feel like I'm on the Titanic but I'm hoping it's really the Andrea Doria! If I were African-American I would emigrate to another country/continent (after first checking their racial politics) if at all possible. Canada,Australia, most of th…
@royal4 We still have bread, but currently no circuses to pacify the masses. Without sports and/or work, all of the hormones of the angry young men--of every race, color and creed--explode in violent ways. Occassionally, when there aren't enough wor…
TMSRX is a bit of a “black-box” (to me anyway). I feel most of these “go anywhere” type funds are. But, who better to trust to run one than TRP? Seems to me they’re trying with this fund to generate income (or at least income-like returns) that can…
Thanks all. I’ve been thinking for couple years he’d find a reason to impose martial law across the country before the November election. Hope I’m damned wrong.
He’s taking a big risk politically to invade states now who don’t want federal armed fo…
Pulled small amount of risk off the table today. During the meltdown in March I was traveling and made some quick modifications on the fly. One thing I did was open up a new area called “spec” inside my normal cash allocation (taking $$ out of cash)…
Tear gas, threats before President Trump visits church amid protests -
Moments before 6:30 p.m., just when Trump said he would begin his address, the officers suddenly marched forward, directly confronting the protesters as many held up their h…
Re: IOFIX
Somehow received (Lipper’s) “Multi-sector income” classification
1.50% ER / Inception: May 2015
The chart : Steady climb upward following inception, gaining over 50% for investors in fewer than 5 years - during an era of 2% (or lower…
Shades of Irving Fisher ... I must say flipping channels back and forth last evening to occasionally catch the global “futures markets” while observing the spreading protests / violence in this country seemed a bit surreal. Yes - guns at our state…
I’ve no prediction for the S&P. He could have it right. However, his unwarranted arrogance gets in the way of communication here. Agree with @davidrmoran. This guy struggled to earn a C in high school comp class. But let’s see what we can glean…
Just put the ball in the ref’s hands when you cross that goal line.
Just lay the bat down, touch ‘em all when you go yard for the first time…
Like you’ve been there before like it ain’t no thing like it ain’t your first trip around that block…
Roll …
Personally, I enjoy reading articles like the one under discussion for the added insights into the workings of funds it conveys. So, I never view any particular fund approach being depicted by an author as “good”, “bad”, applicable or non-applica…
twas just kidding about FD and my moolah, and forget about him posting his trades, etc. i do take him at his word, however, as regards his returns.
meanwhile, ben f is an ancestor of mine ... and i've got the massive forehead to prove it, if…
@Catch22. Ask and you shalt receive. Here’s Franklin’s comments re Chastity and a much better link and write-up as well. Wondering if the editors left it out of my earlier one on purpose? Maybe too “racy” for them? (These issues of distortion, ce…
Today would be a good starting point until the end of the year, to verify a portfolio return for @FD1000. Begin with.............. ---holdings today. And then follow with all account trades with loss/gain data going forward to December 31 for 2020. …
