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.
Those are not global allocation funds, but instead standard global growth funds.
I’m tempted to say, “What’s in a name? That which we call a rose ... “
Kidding aside, Ol’Skeet inadvertently reversed a couple key words in the title which do impact …
This week’s Barrons also contains an interview with the co-managers of the YCG Enhanced Fund (YCGEX). One is Brian Yactman, son of legendary investor Don Yactman. An important lesson father taught son - at age 10: Never invest in “capital int…
@davidrmoran. Thanks for the reasoned response. Sorry for any sparks directed in your direction. I thought the board could use some livening up this morning - but it was a bit over the top. No idea why your sources and my numbers disagree. I’ll go …
@FD1000 - But you misunderstand. I’m not attaching “blame”. He just happened to be the guy standing watch when the ship began sinking. I still think it a convenient label. :)
Addendum: Attaching blame is difficult. Like I said, the virus provide…
- Oversimplification to call it the “Coronavirus Bear Market.” Top-heavy markets are always prone to sudden sharp downdrafts. The virus and related impacts provided the ignition source. But IMHO there was a lot of dry timber waiting to be ignited. …
@davidrmoran - Here’s what I get this morning looking at Yahoo Finance (cross-checked NAV with MarketWatch). My mathematical skills are always suspect, so others may have a better way to compute DODGX’s gain.
Closing price DODGX 3/20/2020: $1…
Interesting that DODBX made the list in light of some of the controversy here around D&C funds (I say this as a current DODBX holder).
I can attest the controversy over Dodge & Cox has been around for a very long time. In the 90s and up to 2…
Thanks @Mark.
“ policymakers around the world can't afford to let a massive deflationary economic collapse occur, and for millions and millions of people to be unable to afford the necessities of life and for half of large companies to go out of b…
I have partaken in the market gambling game in small amounts, but it is just for the fun of it.
I suspect that’s part of the appeal of investing. I have an addictive personality and in the early years might easily have fallen victim to the frequen…
@msf - You are for correct. In my ongoing battle against excessive verbosity the point about the 30-day “lock” got edited out during revision. And, they do monitor for other abuses. I know of at least one person, who used to post here, who claim…
Randall Forsyth’s excellent opening commentary in this week’s Barron’s addresses the same phenomenon and the resurgence of day trading. He delves into some of the changes at brokerages that have lessened the cost of so doing. As I linked recently …
Add Larry Summers to the the bear camp. He’s on Bloomberg a lot. Larry’s somber tone resembles El-Erin’s, though they are birds of a different feather. El-Elian earned his stripes at Pimco. Memory has it that he and Gross were sometimes at logge…
I also wish to thank @Puddnhead for all the informative and entertaining B/ S threads over the years. I suspect that’s a favorite read for many who don’t actively participate.
@Mark - Your Lyn Alden Schwartzer article would also fit under the “Wh…
Not seeing many bullish investment advisors / pundits across the media landscape. Droning Mohamed El-Erian drives me nuts on Bloomberg TV mornings. Makes you sorry you got out of bed some days. Stan Druckenmiller is one I’ve always respected. Smart …
As a law abiding resident of Michigan I carry my mask in my car for when I need to run into public buildings. It is the law. In addition, it protects others and promotes an atmosphere of shared responsibilities for our general health. I have a seco…
Nothin against Cramer. Would probably enjoy having a beer with him. But this is show business - not serious investment advice.
@JohnN - Why don’t you look-up what Cramer was saying 2 or 3 months ago when the markets were at record highs? Was he fo…
@JohnN. Trump knows more about everything than anyone else. Not just medicine. He knows more about the economy, forest fires, oil drilling, China, farming, national security and ballistic missiles. He also understands Star Treck warp-speed prop…
Just to let everyone know ... I’ve gone back and edited my earlier post to include acknowledgement that both @JohnN @davidrmoran posted this same article. Hope everybody is happy now.
@JohnN and @davidrmoran - Thanks for posting this. While I may disagree with the writer’s conclusions, the underlying topic being discussed is of value to most investors.
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Just a quick read suggests this article is mostly gibberish. I agree over…
Oil popped around 10% today. PRNEX (Nat. Resources / Energy heavy) was up 6%. But you’d still be deep underwater if you’d bought it start of year. Weird - but I read they were giving oil away for nothing only a couple weeks ago. It’s north of $30 …
@hank: It's a high-class problem.
In that case than, from F. Scott Fitzgerald ...
“Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are h…
Sorta. Won’t need as much as normally pull out due to not being able to travel anywhere this summer (and who knows for how long?) - plus being gifted a $1200 check from Uncle Donald. Will pull partial RMD however to meet budget needs. And it’s alwa…
... with PRWCX, based on returns over the past 20 years, starting with a 4% initial withdrawal amount (inflation adjusted), and requiring the worst year to come first, one may have a 98% chance of surviving 30 years.
Superb number-crunching from @ms…
“ - we will never see 8% inflation again”
That may be true. I lack your ability to predict the future.
Sometimes past is prologue.
Source of Charts: https://inflationdata.com/Inflation/Inflation/DecadeInflation.asp
SEE ALSO - Worst Hype…
I’ve never been a Suze Orman fan. But different folks learn in different ways. If she works for you fine. I doubt many would enjoy listening to Howard Marks droning on for hours about the appeal of buying distressed securities. But he happens to be …
“On its face, the "4% rule" is pretty straightforward: Retirees withdraw 4% of their portfolio value every year and avoid the risk of outliving their money.”
The above rule would seem to overlook many variables, including whether inflation’s runn…
Maybe we need (1) more posters putting up useful stories or questions and than (2) some other posters bumping them over into the “Discussions +” side of the board? No bump. No clutter. That was the original intent of the “Discussions +” arrange…
In this stressful time, which cries for serious and thoughtful information exchange, why MFO is being cluttered with garbage like this is completely beyond my comprehension. It echoes the performance from the very top of the present administration: …
“Entertainment will be virtual rather than in person.” I hope @rono’s wrong on that one. What I live for - live theater.
The dour tone here reminds me of lines from T. S. Eliot, “This is the way the world ends. Not with a bang but with a whim…
Wouldn’t you lose money by waiting? If cash starts yielding negative returns, you’d be better off paying earlier before your cash loses value. Best case with prime money market funds is is that the sponsor will subsidize them by picking up the oper…
Thanks Lewis.
Grim and grimmer. Michigan’s governor has closed schools, restaurants, bars and, as I learned yesterday, fitness centers. (Trying to punch a bicycle through a left-over snow drift while trying to maintain health and physical condit…
@hank;you said," I don’t compute my returns daily or report them publicly.
End of this conversation, Derf
Not necessarily. If you send me a polite request (via the mfo mail service) sometime after December 31, 2020 I just m…
“With my Schwab account down 22.14 % YTD, I don't think that's to funny”
- Not sure what that means ... Is the Schwab everything you own,or just part of your investments?
- Are you calling a bottom in the market at today’s numbers?
- Do you ha…
No one would be happier than me if all the markets reversed themselves tomorrow and went straight up for the remainder of the year. Could happen. I’ll lay 25% odds on that happening. But if I was that omniscient, than why was I invested at all when…
Are you trying to be funny @Derf?
By your definition, there were hundreds of “buying opportunities” between October 9, 2007 and March 9, 2009. Had you bought every time the market dropped 5, 6, 7% you’d have spent most of your amo before the best …
Hard keeping finger off trigger. While gold’s down, the miners are mixed - possibly up. Candidates are DODBX, PIEQX or a spec stake in PRFDX (off 30% already). Think I’ll lay off ... hmm ...
One problem is markets are now subject to sudden sharp …
“We're still above 2016 levels in the market ...”
On the last trading day of 2016, the Dow closed at 19,762 .
Currently, the Dow sits at 19,185 .
Remains to be seen if the Dow finishes the day still below 2016 level. Always possible they’ll sh…
