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.
Interesting discussion here and in the other thread. My first LED bulbs 8-10 years ago cost something like $25 apiece - very expensive when first came out. Used them for a hard to reach (ceiling) fixture in a new garage thinking they’d probably neve…
@Derf - Great story. We just took delivery of a new larger freezer. But I don’t think it would hold enough hog bellies to make trading profitable.
Thanks @Mark for the explanation. Now you got me wondering is LP (liquified petroleum gas) the same …
Re: “ BRCAX as a ton in cash ! Prnex looks to have some upside.”
@Derf - That’s a byproduct of their methodology. I can’t speak for all commodity funds, but a good many hold high levels of cash and bonds. Sometimes you’ll even see a figure like 1…
@Mona - Gundlach is nothing if not self confident.
It’s going to be very close. The current WH occupant knows how to pull all the “right“ strings. Always one step ahead of what we thought was the “final” limit to his audacity. Wow. Just keep sus…
@Derf. I’ve never owned an energy fund. I’d be afraid of such concentration. If I had to go into something new today I’d consider a broader based commodity type fund like PRAFX (ER .81) which will get you exposure to energy, real estate & a lo…
@John. Could you explain the difference between wet gas and dry gas? Which is better?
Natural gas has been DOA for a number of years. Trading just over $2 today. I’ve gleaned lately that one reason gas and oil often run in opposite directions…
... She will mop the floor with him.
She probably will if she can stay away from those damn canned catch phrases and talking points - which is about all poor MP knows. Problem is, there’s always the temptation to resort to them.
Thurber: “Don…
“The fund’s management fee currently consists of a group fee component that declines at certain asset levels and is calculated daily based on the combined net assets of all T. Rowe Price Funds (except the funds-of-funds, TRP Reserve Funds, Multi-Sec…
Thanks David for sharing those reports. Doesn’t surprise me. Bill Fleckenstein’s usually reliable site is down today due to a power outage as well. (Not sure where he’s located.) A big-time gold bull for sure. So I’m unclear whether it was the weat…
Nice call @JohnN. Thanks for participating. And for the rest of your thoughts. Sometimes a badly contaminated or infested house requires cleaning-up. That first. Appearance later.
Thanks again for the thoughts.
Yes - Harris. John posted at 4:02 Time of announcement?
@John - Thanks for posting. Did you guess right or hear first? Anyway, we dems (affectioally called Marxists by some here) would surely welcome you and others over to our side. Seriously. Gi…
FWIW - DODBX jumped nearly 1% yesterday while similar funds were flat. I suspect that was a reaction to its overweighting in the financial sectors which benefit from higher interest rates. No - I’m not touting the fund. I wouldn’t wish it upon any…
Miners are now off almost 8% today. Reestablished small toe-hold in the mining fund I got out of 2 weeks ago. Would add an equal amount on further weakness. However, doubt I’ll ever get back up to the amount I sold. It remains a very risky asset a…
thinking of selling 50% of GLD... price so high now... everyone running toward stocks. Any thoughts? thx
Sorry - No thoughts here @John.
Gold’s off the most in one day since 2013. Down $80 at last glance. Miners off 6% at midday. With gold and…
Your hindsight is impeccable 1K. I’ll give you that. I’ll try here to answer your somewhat condescending questions:
- I’m by nature a conservative investor. Within a diversified portfolio, I‘ve always maintained some significant exposure to equi…
Thanks. There’s some serious implications underlying this (somewhat silly) valuation picture. Those relate, IMHO, to all asset classes (stocks, commodities, gold, real estate, etc.).
The only way I can see the current out-of-whack valuation pictu…
Thank you @msf for the chart.
Just eye-balling it, the % rate on a 2-year top-grade muni appears to be 0.1% - That can’t be right? But if it were, than a $1,000 muni held to maturity (for 2 years) would yield $2 (plus a few pennies compounding…
“I'm thinking we both have smiles.”
@Old_Skeet,
All smiles are relative.
I’ve grown the nest-egg substantially since retiring in ‘98, even while taking distributions. What bothers me is that it has been done by accepting more risk than I think…
“Many may remember that I was an equity buyer during the downdraft that came back in March into early April ”
Hi Skeet, I remember that many were equity buyers during the downdraft in March and early April. In hindsight, it was like shooting ducks…
5.1 is a pretty significant quake for an area like N. Carolina. I didn’t realize how significant when I posted earlier. After your nerves settle Ol’Skeet, you can resume putting up those always interesting valuation metrics for us.
Hopefully, no …
"If I'm victorious on Nov. 3, I plan to forgive these taxes." This is buying votes, pure and simple. Apparently perfectly legal. Still, I find such crude quid pro quo odious: And odious is the perfect word. Thanks @msf
The Munchkin was on Chri…
I sold OPGSX 2 weeks ago at $30.08. Friday it closed at $30.11. Were it to dip much lower I’d stick my toe in again (for fun).
When gold’s rising you get these wild forecasts - not to say it can’t happen. And when it’s been falling for a whil…
Thanks @Catch22 -
I don’t set aside a certain time to “think“ about investing. It’s ingrained in me as one of many stimulating things I enjoy thinking about much of the time. As fictional character Henry Drummond in Inherit the Wind remarks (somew…
As an investor Marks is slow and methodical. Those traits characterize his speaking and writing as well. Very much focused on process - the nuts and bolts that drive a portfolio over long stretches. He’s also a patient adherent of the “... blood…
@hank Yes, good catch. I think you pegged it. At least she is out of the office and isn't doing any harm.
LOL - I thought at first you meant “out of office.” :) Still one of the survivors - but out of the way when boating. Yep - she’s got a nice …
@davfor - Is that the nation’s Education Secretary sitting in the back of the boat?
Just checked. Yep - I’m pretty sure that’s her. https://www.newsweek.com/can-you-afford-betsy-devoss-lavish-lifestyle-708369
I rather like “That woman ...” :) The other one too (Nessel).
Folks could do a lot worse than to heed the advice of old veterans Gary & Rono.
My thoughts on gold. Bill Fleckenstein, who I follow, has been hot on the precious metals / miner…
RPIEX Thread from 1/12/20: https://www.mutualfundobserver.com/discuss/discussion/54925/what-s-a-bond-fund-like-this-doing-in-t-rowe-s-stable-rpiex
My title - “What’s a bond fund like this doing in T Rowe’s stable?“
Final comment (by @Crash) - “…
@msf - Sorry I missed the humor. Thought maybe you were packing for a trip abroad. And good luck dealing with the mandatory quarantine - likely in both directions. :)
Tracking U.S. Lumber, Steel, Concrete, Gypsum, Glass, and Other Construction Material Costs
Here
@msf - please note the 3-year price increases from 2016-2019 (left side of chart). What’s more important? An airplane seat or a dry roof over one…
From my perspective ... stock market valuations are streached. When the FOMC stops buying ... well the fat lady has stopped singing. Party's over time to get. With this, I'm still at the stock market party, so to speak, but at a reduced level.
Li…
Bonds at current world-wide rates are the nearest thing to poison (IMHO). Than again ... most financial assets appear overpriced. A sign of the times. Global bond funds (which include U.S. issues) and International bond funds (ex-U.S.), like other…
Hi Derf - Yeah - I was one of the last ones to receive it, but I got the $1200 bonus check along with the signature. Thankfully, the USPS was still functional than.
Today the President unveiled a new plan that surely should ignite inflation, espec…
