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.
+1 @David_Snowball. This is generally a nice place. Let’s all strive to keep it so.
Thanks especially for the latitude offered by the “Off-Topic” section (in which Old Joe and I specialize). :) And a reminder to everyone that if you like it here,…
This is a very well written article. Discusses the pros and cons of the energy market. It’s curious that the article is dated December 24. Oil (the commodity) has been moving higher for at least a month. Brent is leading NYMEX and topped-out at arou…
Thanks for the fix @JohnN. Looks much more professional now.
That article’s headline (in white) looked like it might be hard to copy & paste. But I was able to do so without any problem. Good idea to cut and paste those if you find proof-read…
@hank (and others): I’m almost positive @johnN is a non-native English speaker
@Graust,
Thanks for the polite reminder. I believe that’s the case. But here’s the headline from the linked article, which I simply cut & pasted here:
Why Every …
@JohnN, Thanks for the fix! (I’ve edited out my earlier harsh critique.)
Excerpt - “There are lots of reasons to hold trash stocks right now.” / / I’ve not owned any trash stocks. But have owned some trashy funds in the past.
Here’s another arti…
I’m quite happy with backwards looking 2019. Let’s not get carried away! Gold’s been ripping the past few days. You only need a small exposure to metals or mining to feel the octane punch.
I’ve had more time to look at @LewisBraham’s excellent linked article. The tactic of opening bogus accounts, buying large quantities of your own product with hard-to-trace gift cards and than gifting / delivering those cheap rubbish products to uns…
Very comprehensive article. Deserves a more thorough reply than I have time to devote. First, everyone should bookmark the Fakespot site https://www.fakespot.com/ and do checks of every product they are considering purchasing at Amazon or every res…
Re: RMD - You can, in a sense, have your cake and eat it too - not that it makes a huge difference in net amount received. I simply move the expected RMD amount into a cash or cash equivalence fund well ahead of the actual time it will be taken. A…
Why do I get the funny feeling that if @msf had been in charge of setting the timer clock on this spacecraft, the mishap wouldn’t have occurred?
Yep - I remember the other “metric conversion” mishap. Something a decent high school math student wo…
Looks like Boeing really does have an actual Clock Store . Maybe @Old_Joe will do some last minute XMas shopping there?
https://www.boeingstore.com/products/boeing-airplane-wall-clock
Boeing Starliner Makes Safe Return to Earth After Clock Error -
https://www.nbcnews.com/science/space/boeing-s-starliner-makes-safe-return-earth-after-clock-error-n1106336
Late night comics will have a hey-dey.
How about ... “Boeing CEO clocke…
Maybe time to dip a little into gold and pm
@JohnN -
Your conclusion doesn’t necessarily follow from what your linked article says. The article’s premise (which I’ve seen this year from other gold observers) is that p/m mining stock prices haven…
@hank - is this the one?
Yes - Thanks again Mark. I caught snippets of the interview on-air last week and than one of Bill Fleckenstein’s readers posted the link on his site. Reading Fleck helps keep me sober, as he’s been bearish forever. I’d say …
Nice post @davfor - I was thinking of doing the same the evening before your post went up just based on how my balanced funds, along with few I don’t own, have done this year. But your colorful and complete graph tells the whole story.
Aside from …
Trading in Boeing’s stock was suspended prior to market opening today (12/23). No information immediately available.
Just wondering about a possible shakeup in management, which has been rumored in the press in recent days.
Yuppers - Big shakeup …
Looks like INVESCO produces a lot of junk. Wonder how much of a haircut the investors in these funds is going to get. That's the story I am interested in. Bet it doesn't make print!!!
Haircut? I’d rather doubt that. Reason for the closings is dupli…
No problem @Derf. Thanks for clarifying.
I'm thinking of dumping PRPFX & finding somewhere else to invest.
You are aware, of course, that PRPFX and TMSRX are two very different types of funds - even though both are considered “alternative” b…
”I took a sneak peak (TMSRX) at Marketwatch ... Looking at 4/th Qter. 2018 shows app. 7% drop.”
I’m not sure what the above is a reference to. If @Derf means TMSRX lost 7% from its inception 2/23/18 to year’s end, that sounds about right. ‘18 was na…
@Derf - I wasn’t trying to hype TMSRX. It came up as part of a larger discussion about investing late in the retirement years. I took the time to address your question about the 16% cash position and tried to share a few thoughts on a fund that’s b…
Oops - That #@*# Barrons link worked a couple days ago. Wish publishers would stop teasing us.
Here’s a better link with the list of closings. As far as I know, these will be liquidated unless investors exchange into other funds first.https://ww…
@Puddnhead - Some pretty fast movers you just added to ...
PGTAX + 47% YTD
FSDAX +34% YTD
FEMKX +33% YTD
Perhaps observing old blacksmith’s idiom - Strike while the iron is hot ... ?
The shorting strategy is similar to what Pimco does with their bond funds. The fund is still fairly new. Will keep track on this strategy.
funds also hold high cash position and they are lagging their peers.
It’s hard for folks to get the…
“Those five simple words from Peter Lynch helped launch a nation of stockpickers.” LOL
I’m not a Barron’s subscriber at present. Could only get as far as: “Underlying Lynch’s success was a sunny belief ...“ Does it get even better? These types of …
This is the lie of the Horatio Alger-esque "self-made" individual and the Protestant work ethic metastasized to a degree it's not even a nice fairytale anymore, but toxic propaganda. Yes - nicely put.
Can’t help thinking of the other night’s debat…
Title likes that qualify as "click-bait". It is a joke at best.
No disrespect intended, but titles like that are well received by inexperienced investors who may not have been around the block a few times. I recall grabbing an occasional copy of …
On the subject of local papers, NYC’s Queens Daily Eagle on Thursday ran an interesting story (on page 3) regarding a former local resident.
https://queenseagle.com/all/2019/12/19/queens-man-impeached
@hank : What is it that you like about TMSRX ? 16 % in cash seems a {little } high to be.
Derf
Derf, I’ve owned it since inception. It’s the first fund I’ve ever held th…
Kitces:“ Once ... buckets are established, the retiree then might use the following decision-rule framework for liquidations:
1) If equities are up, take the retirement spending from equities
2) If equities are down but bonds are up, take the spend…
Just reported : Boeing’s new “Star-liner” spacecraft launched this morning on its maiden voyage to the ISS will not reach the space station. (Apparently it’s in some kind of undesired orbit.) I’m not certain if it carried cargo beyond the test dum…
... "who or what" does the term "investor" refer to in the linked article ...
*@Catch22 - I don’t know if this answers your question or not - but my read was that M* bases that conclusion on their tracking of U.S. mutual fund flows during 2019. The…
Ditto what Ol’Skeet says here. Simon would be great for such a job! He’s already a step ahead of anyone else since he’s already expressed interest in such a poll.
(I was just picking on Old Joe because he “volunteered” me the other evening for …
Getting back to @MikeM’s and @msf’s original comments. Like most here I suspect,they maintain a “survival bucket” holding X years worth of anticipated needs in the event of a severe selloff in the risk assets to which one is exposed (presumably e…
#1 Dumb Question - Than why is the stock market continuing to go higher and higher? What’s driving equity prices?
#2 Dumb Question - What’s the big appeal of money market funds, which on average have netted investors less than a 1.5% return Y…
@Old_Skeet, Are those “naked shorts” what Buffet’s talking about when he says: “When the tide goes out you know who’s been swimming naked”? I’m sure Simon appreciates your suggestion. I’m more inclined to nominate @Old_Joe myself. He’s been hanging …
I haven’t followed all three installments by @msf too closely, since I’m neither with VG or a brokerage. What recently caught my attention - Doing a routine online exchange at TRP recently, near the end of the process, the words, “Would You Like to…
