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.
@MikeM - I have a good memory. Hope this post doesn’t come back to haunt you in a few years.
:)
I agree with you and most others that it’s been a phenomenal fund since inception 25 or so years ago. However, I’ve never been very good at “commitment…
@MikeM - Nobody is bailing because the fund’s been screaming hot for many years. How many who had a “foot-in-the-door” (modest holding) in 2014 before the fund closed moved much larger amounts in during the subsequent years as it outpaced its peers…
Thanks @BenWP - Yes, agree with you about their over-emphasis on fees, etc. I’ve compared a number of Invesco funds with similar TRP funds there since Oppenheimer merged into Invesco. Invariably, the higher-fee Invesco funds score much lower, even …
Thanks @Ted!
The Wikipedia article I uncovered was pretty sketchy - pretty much the blurb you copied. Found a couple more insightful ones on Mr. Ferris linked below.
Holy Geez. I’ve never watched this dude, but if he’s anything like Bartiromo or …
From One Review: “The Laundromat is invariably going to draw comparisons to Adam McKay's Oscar-winning The Big Short, which took a similar approach to its handling of the 2008 housing crisis. Soderbergh looks to blend entertainment and eduction, e…
@MFO Members: It's called the First Amendment Da ! Regards, Ted
Wrong @Ted. Here’s the First Amendment :
“Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof, or abridging the freedom of spee…
At least did not get a letter stating you will be audited by irs ( will be a nightmare and turn,family life upsides down) ...Anything plus is better than minus
Yuppers @John
While I’m fortunate never to have undergone an audit, my state refund was …
That's certainly reassuring. Let's send our money to some outfit who just rents even it's name. Good grief!
Maybe it invests in synthetic securities as well. :)
Found this explanation at Investopedia :
“Imagine ... an institutional investor tha…
@BenWP ... Check-out these beautiful USPS “Forever” stamps commemorating the first lunar landing. There’s two styles (shown). I’d suggest investing in 4 of each style. @ 50-cents each, that would leave you with a bit still allocated to “cash” - a…
Re: “ Stocks Waver On China Data”
Does somebody get paid to cook up these silly headlines every day? Yesterday it was BREXIT. The day before that it might have been the lunar cycle. I don’t know. Of course, only a third grader would believe that a…
Geez @Ted. While perhaps not the most enlightening post of all time, I’d much prefer hearing about the real-life issues others who own mutual funds deal with than to stare bleary-eyed at an endless sea of links. Hell, any kid over 12 could pull …
Many may wonder if family allows potus and aoc to be at funeral...
Cummings seems to have been highly respected by the DC establishment who knew him on both sides of the aisle. Your question, @JohnN, leads me to ponder whether Gallup, Harris, Pew, …
I was the attendant. Most locals bought a dollar’s worth usually. Maybe two-dollars worth on a Friday night if they just got paid and were feeling rich. I worked at a Citgo. But there was a Sinclair nearby. Zephyr was another area brand.
My Pa b…
From the Sinclair Broadcasting Style Sheet : Authoritative “Ted Knight” voice mid-way through the story intones, “... One reason might be (insert unsubstantiated slander here).”
I see shades of Joseph Goebbels all over this.
(Mark probably t…
I’ll vote for whoever promises to make English great again.
Sounds like @Rono might have a Sinclair owned station in his area. Both our local ABC and NBC affiliates up north are. Last night one cut-out part of its weather coverage to air an anti-…
Heads Roll at Boeing: “Early Friday morning, Boeing’s board gathered on a conference call that had been hastily arranged the day before. Dennis A. Muilenburg, the company’s chief executive and the chairman of the board, was not invited. By the end o…
If they do, Wallace will get his revenge. (I can already smell the book deal - just for starters.)
From today’s NYT: “But the president has rarely been satisfied with the adulation he receives from the network’s prime-time and morning opinion shows…
@Ted. I know you don’t intend this post to be political in nature. Big changes in media / journalism are noteworthy for a variety of reasons - especially from the standpoint of one who seems to link day and night from publicly available sources.
I …
Thanks @LewisBraham. Always value your insights. I admire a lot of things British.
Without waxing too political (I hope), it will be interesting to see how the different British Parliamentary system of government and the U.S. Representative Democr…
LOL - Those are great posts / discussions about Fisher @LewisBraham linked.
I recall 20 or more years ago a good friend commented to me he had been receiving “invitations” in the mail to invest with Fisher. At the time we both deemed it something …
Just flew. Everything related to air travel is going automated. Make reservation online. Select own seat online. “Check-in” (bit of an oxymoron nowadays) a day ahead and store boarding pass on iPhone. Alternatively, one may choose to wait and strugg…
Agree with Rono. Shit - Let’s talk about markets and $$. Maybe some humor now and than.
Keep the personal insults and politics away .... far away!
(Hear that? @Ted)
There is no relationship between money and power and ethics and morality. Put more simply: Poor people can be alpha-dog jerks similar to Fisher or incredibly sensitive, considerate, ethical, generous and open-minded individuals. Likewise, the very…
Nice day in the markets as of 3 PM. Oil’s also up a couple % along with big gains for stocks. Gold holding its own - off about $10. Politicians of all stripes like to “play” the markets where they can. Often they try to get the inevitable recession …
How long can a bad fund look good? Consider HSGFX
Inception July 2000
“During the 2000-02 bear market the Hussman’s fund posted phenomenal performance by sidestepping most of the carnage and posting gains.”
https://awealthofcommonsense.com/2014…
@msf - I’m quite certain I clicked the “What’s Included” link. I was sometimes getting responses: “you’re not a subscriber” (likely because I cancelled). But very much appreciate your bringing it to my attention.
The content remains available …
I suppose there are cheaper ways. But newspapers are suffering so, and this is such a golden age of longform analytic journalism, that it's important not just to mooch (which I also do). I would urge everyone to subscribe and pay. I worked for over …
I just put that out for us all to do some deep thinking instead of letting all the experts do the thinking for us.
Just my 2 cents.
Thank you
Yep - agree. My only “thinking” is I’d rather buy most anything and hold it when it’s priced at bargain ba…
Thanks @msf. I certainly wouldn’t consider discussing access to news to constitute an “ad.” There’s a lot going on in the nation and world right now, both financially and otherwise.
+1 for Starbucks.
BTW - I’ve been agonizing over some news relat…
Guilty of posting twice in succession. But Gary’s “Black Swan” comment got me to thinking. Almost by definition black swans are impossible to predict. But I recall about 5 years ago the question was put to the board by a member. My guess than was th…
Like I’ve asked before ... Does Ted read everything he posts?
Beyond that, I’m not sure teaching kids to play a game of chance is doing them any favor. Yes, at Chuck’s doorstep that yields a reward, but in real life it’s a good way to lose money.
@Gary - Your question is beyond my pay grade except to say we’ve been in one of the longest economic expansions in history and 30-50% drops in various asset classes (including U.S. equities) have been known to happen before. So I think the possibil…
Their estimated drawdowns seem reasonable: 30% fall in S&P likely. 50% drop possible. I disagree with their reference to last year’s market drop as a “crash.” I did not consider that 15-20% pullback late in ‘18 to be a crash - more like a bur…
Thanks @Old_Joe, You’re being modest I think.
I want to stand corrected. I was surprised to learn the FAA (FRR) crew training / proficiency regs for these vintage aircraft are as stringent as they now appear. Had no idea. Perhaps not as rigid as …
Thanks @Catch22 for the informative video. If OJ is around, he’s qualified to comment on the FRR regs and how well they’re enforced. I’d just be digging a deeper hole. :)
Link to interesting article on the B17 crash and safety concerns. https://ww…
Sounds like you once rode on one of these Catch, so your interest is understandable. I felt that way about NW 255. Lived in the metro area at the time and often flew out of DTW. Turned out that a very fine young lady I’d had the privilege of knowing…
