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.
Good heavens, Skeet. That is the most whimsically elaborate mechanism to achieve a relatively simple objective I have ever seen ...
Perhaps not. Take a look at this alarm clock.
But the stock market goes higher and higher with each new trade rumor. :)
Bill Fleckenstein put it this way Friday: “I'm sure this will come as a surprise to no one when I say that optimism over a ‘potential’ trade deal boosted the market through…
Just a quick follow-up to @msf’s mention of “basic target date fund” here. I seemed to recall that T. Rowe is able to enhance (at least one of) these funds to provide automatic monthly payouts from it. This link is to their related literature. http…
“Anyone selling/switched to safe equities/bonds yet?”
That’s a provocative question.
A lot depends on your definition of “safe.” An investment isn’t really safe if fails to keep pace with inflation after taxes and investment expenses. And it’s …
Sad. Guess I’m out of touch though. Haven’t watched it in years. Got Bloomberg on at whatever time I get up. If I need an additional financial “fix” to make it through the day, both CNBC-West and Bloomberg run global business all night long as vario…
“At BrewDog we are on a mission to make other people as passionate about great craft beer as we are ... We are committed to putting the passion, the flavour and the artisan craftsmanship back into people’s glasses. We want to change the world of bee…
@Ted, That’s kind of you. Was only there a couple hours waiting for a connecting flight. United and American both have service up to TVC close to home. But it’s a very fine airport. And the folks from Chicago I’ve met there and on some of the flight…
Received notice from Invesco recently that Oppenheimer / Invesco Macquarie Global Infrastructure Fund (OQGAX) will terminate Macquarie’s management of the fund by year’s end. Sorry I can’t dig up more specifics at the moment, but if I find more I’l…
“I again would argue that investors need to review their allocations and comfort zones with those allocations, especially as to their ability to replenish their assets in the event of a permanent capital loss. Things that were five or ten years ago …
@Catch22 - May I suggest that in the future you consider posting both your complete narrative for those of us having an “IQ” above 85 and also a simplified (condensed) version for the remaining?
I admire anyone who can tear down an engine or vehicl…
@Derf - Correct Sir. Too many variables there to address which way is better. Certainly if you have a traditional IRA in which some assets temporarily get beaten up during retirement it may prove a wise tactical move to convert them while they’re un…
Agree with @MikeM (assuming he means “Better safe than sorry” here).
You don’t know until it’s you out of your life’s work with ongoing expenses and at the mercy of what we collectively term “the markets”. Guess wrong and you might find yourself ou…
“Here's a rundown of those who answered "I do not understand it at all" with regard to the following types of bonds: Treasuries, 39%; municipal bonds, 45%; high-yield bonds, 46%; corporate bonds, 51%; structured products, 53%; Treasury Inflation Pr…
As a member of the class of '42, I dare say quite a few of us who bemoan the loss of M* as we knew it represent a diminishing market. Many of us on MFO are retirees or close to it; I doubt my kids and grandchildren will pay much attention to mutual …
1. Federal Bonds ... Maybe if you’re over 80. They don’t return much. But they’re probably safer than hiding cash under your pillow.
2. Real Estate ... What kind and for how many years? Buildable residential lots in desirable areas are probably a g…
Check out the beginning of "El Camino," the so-called sequel to "Breaking Bad" for a place to hide some big bucks. Of course, the dough was discovered, thereby diminishing the future value of the hiding place for others.
This is the only El Camino I…
I constantly debate going more conservative or stashing away some extra cash. After agonizing awhile, the best answer always surfaces as, Do nothing . I’ll shuffle different sleeves around on a pie chart, rename them, combine them, slice & dice…
“ For Fed Chair Powell, blunt is the 'appropriate' approach “
https://www.reuters.com/article/us-usa-fed-powell-idUSKBN1X92PU
This was a fascinating exchange between Powell and CNBC’s Steve Liesman during the post-announcement press conference. Po…
@MFO Members: Three cheers for Jack Dorsey, would like to see the same on the MFO Discussion Board, no political agenda's.
Regards,
Ted :)
- I’ve been arguing that for quite some time.
- I think folks have been remarkably restrained considering t…
“There are a very few rare gem current fund managers who are special. They are special and deserve consideration if they outdistance their benchmarks.”
- I’ve never liked the “star manager“ approach to fund investing anyway. However, as humans w…
@ Old_Skeet,
I’m glad you find this particular thread useful each morning. I think @Old_Joe ‘s point, which I agree with, is that Ted’s morning brief should remain in the Discussions segment of the board along with his other 25-50 daily posts unti…
“Personally I'm disinclined to invest in inflation-linked products. While there's always the possibility of inflation rising rapidly, I'm guessing that it won't , and if it does that some part of my diversified equity portfolio will provide cover.”
…
@Simon and @msf
I'm attempting to determine the value of purchasing the I-bonds vs STPZ , LTPZ or a TIP's fund, be it active managed or ETF.
I-bonds, direct purchase have an annual dollar limit per individual, yes? I suppose an individual quest…
I feel like I'm both but probably not either in strictly financial terms. It all depends on ones perspective I suppose.
I’m always thinking, “There but for the grace of God go I ... ”
No matter how well-off you feel, there’s a plethora of things t…
Pretty much agree with @Simon.
Watch out buying bond funds, however. They don’t behave the same way individual bonds would. You’ve got expenses. You’ve got inflows and redemptions which in some circumstances can very much affect your return. Likel…
I used to listen to a very good investment show hosted by legendary Bruce Williams back in the 80s. It was broadcast nationwide.
Bruce often alluded to “The Rule of 72” which the link below explains. He claimed a investor should on average double…
Mr. Bickmore should avoid astrophysics. He understands little. The incorrect explanation of “the twins paradox” Is one instance of his lack of understanding as @msf explained.
Re a second assertion: “Einstein theorized there was no fixed frame of …
You were there first @Ted. I shoulda known. Didn’t know Art’s health was at issue. Sad. Truthfully, I was just curious what brand of whiskey he drank when I searched Google trying to find out. Than up popped this very recent article. A real Wal…
Anything really happen today? Dow down. NASDAQ up on Tesla. Nice bounce in gold to well over $1500. Oil’s firming up.
Nice article on Art Cashin’s career / some spending wisdom. Art’s one of those guys who’s forgotten more about investing than mo…
@Catch22 - My third point was followed by this clarification: “Offered only as Reductio ad absurdum” (trying to make a point through an absurd suggestion). However, based on some of those YTD bond returns you just cited, I believe an equally absurd…
Thanks @Catch22,
Here’s what I think the salient passage from your linked article is:
“If JPMorgan had raised its interest rates on CDs and savings accounts earlier this year, instead of lowering them, it would have attracted plenty of cash that …
Einstein called quantum theory “spooky science.” He never fully accepted it, even when some of his own calculations seemed to support it. Among other things, quantum physics suggests ...
- The same object can exist in two different places at the …
Sold off one of my money market mutual funds since there has been news, of late, about liquidity concerns in the repo market.
Here’s a Bloomberg story about what some are calling the “repo mess.”
https://www.bloomberg.com/news/articles/2019-09-22/r…
Who knows? I believe a massive market selloff is always a possibility - although exceedingly rare over history. Dent forecasts one for the end of this winter? Could be. I learned a long time ago not to invest according to forecasts.
But sun sp…
This led me to uncover an interesting rift (philosophically) between Robert Stovall and son Sam.
Unfortunately, they haven’t managed any mutual funds that I know of - nor have they worked together.
“Father, Son Play Together but Invest Apart / Stov…
Hi, Mike.
RPGAX holds other funds only for its fixed-income exposure and its market hedge. Otherwise, lots of individual stocks.
David
Thanks for the correction David. I (first) incorrectly referenced RPGAX as investing largely in other TRP funds.…
