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.
My Reading Notes - if anyone’s interested:
Author believes an inadvertent MCAS activation falls within the category known as “runnaway trim” and claims the Max’s electronic trim can be shut off and full “manual” used in such a case. (Some might…
This might be the most significant line from the 51 page report:
“The MCAS as it was designed and implemented was a big mistake. It remains unclear exactly what went wrong at Boeing — who decided what, and why — but a small collective breakdown had…
“His co-pilot was an Indonesian 10 years his elder who went by the single name Harvino and had nearly the same flight experience. ... No reference has been made to Harvino’s initial flight training. ... (His) experience with flying was scripted, bou…
@Old_Joe,
Thanks for chiming in. Haven’t read it yet. Listened to bits and pieces as I was falling asleep last night via ipad’s ability to read text aloud. Just looking at your excerpt, I’d say that’s a gross oversimplification of why Airbus came …
All valid comments by @msf & @carew388 above. Oppenheimer became the poster child for bad faith investment management re the monies investors had entrusted to some of their bond funds when things went south in 2008. Their high income fund may ha…
@BenWP -
Thanks for linking this. I had a lot of trouble yesterday getting into the actual (complete) NYT Magazine article due to their tendency to block some content from non-subscribers. But I was able to download the entire (50 page) study toni…
Yep - I noticed recently (in the past month) that Bloomberg has started blocking some stories after a “limit” is reached. Don’t like it either. NYT has long done the same thing. There’s both a Bloomberg “App” (which I have installed on my devices) a…
@Derf, Are you referring to the accompanying ads on Bloomberg’s site? I wasn’t aware there’s a prohibition. A lot of good articles wouldn’t get linked IMHO if that’s the rule.
Sorry if I’m stating the obvious here. As most folks know, Invesco recently acquired Oppenheimer. So there’s a lot of overlap in their current lineup. They’re likely in the process of weeding out the weakest funds.
As a long time Oppenheimer inve…
A legend in investing - for better or worse. (Perhaps lucky he never started his own mutual fund.)
I enjoy listening to Grant occasionally and many in investing still respect him. Could it be that as a macro-economics “structural engineer” he und…
Thanks @msf - I was thinking more of employing a dead manager. Low expenses (just the cost of ice), no attempt to time markets, no trading, no deviation from mandate, very long time horizon. Should outperform 50% of all active managers.
Other a…
“Women investors' (1) do less trading and, (2) buy and hold for longer timeframes.”
By that definition dead people should make the best investors of all. Talk about “longer time-frame”.
Umm ... possibly genesis for a new type of mutual fund?
Thanks @Gary,
As one who follows the yellow metal, I’ve long suspected some manipulation of this thin market. As the Bloomberg article I’m linking suggests, traders at JPMorgan used “spoofing” to drive prices up or down temporarily. As I understan…
“... it's common practice to tap the SPR. Was just surprised how quickly it happened over the weekend, is all.”
I agree. Usually they “float” the idea publicly for a few days for some added dramatic effect. And sometimes just the threat is enoug…
Opening the tap on the SPR is pretty standard practice under these types of circumstances. I won’t fault that.
This event does appear that it might be a game changer in the broader picture. Everything energy is up big overnight. +12% Brent , +11% N…
I wasn’t aware “qualifications” are required for publishing financial news & opinion. Mr. Dias appears to be a fee-based financial advisor based in Florida with 12 years experience, but no certifications.
https://money.usnews.com/financial-advi…
@Old_Joe - Nice recall of poster Scott. He added a lot here. Used to cite Zack’s investment news & opinion quite a bit, if I recall.
@BenWP - Thanks for the trip down Memory Lane. In August 1971 I had just landed my first decent paying job pos…
Thanks @JohnN. This is a provocative article from Kipplinger.
Like most of what appears in the financial press nowadays, a catchy title overstates the substance within. The writer doesn’t quantify the actual number or percentage of retirees who we…
Apologies @Catch22. Looking back at his earlier post I see that it contains a link to an excellent commentary explaining how the bank in Denmark intends to make a profit on those negative rate mortgages. So you only asked the question rhetorically…
“ ... how the heck does a lender make a reasonable profit on a negative rate mortgage?”
In the same way they would when rates are positive: Loan money out at higher rates than they have to pay for it. So, to make money on a - (negative) 0.50% mor…
"The Federal Reserve should get our rates down to zero or less".............
POTUS tweet early this morning. Well, folks; this should boost your bond returns for a tiny bit, once it happens.
Wait a minute ... that would appear be a great time to r…
@MikeM,
I don’t know if anyone saw or read it, but several days ago I posted a thread on the question of how nations and individuals might react in a world where virtually all rates were negative.
In a nutshell (not to be confused with fruitcak…
Hi @ hank
Ah, yes. I'm familiar with this AD. We've been there and done that, eh?
Agree @Catch. Re the AD, I love it. Been looking for an occasion to toss it out here.
Apparently there’s quite a few investors asking the same sorts of questions yo…
“Other jobs attract more right-leaning folk”
Fault that statement as being way over generalized. Certainly there are exceptions. But - yup - I would agree that public service jobs (which are generally lower paying) appeal more to those of a libera…
Any chance that D&C will offer a money market fund?
Don’t hold your breath waiting. Have seen no indication.
On that question, not sure what their gig is. Seemingly, being the savvy investors they are, they’d rather folks park cash in DODIX. Th…
I was thinking you were going to say T Rowe Price. They are great!
No argument from me on that!
I’m probably rare in that I’ve never owned a Vanguard fund. Our workplace offered (initially) load-based Templeton and than later TRP as 403B options. S…
Extensive research shows that 99.6% of the time this topic is discussed on MFO a major recession starts within 36 hours.
Thanks @Old_Joe ...... :)
If I have time I’ll spend couple bucks and purchase the WSJ this is out of so can read it. My prejud…
How many times has this been discussed here in the past? And curious whether those discussions have altered anyone’s behavior in regard to buying and selling funds?
FWIW - Dave Ramsey weighs in ...
https://www.bing.com/videos/search?q=video+how+ma…
@JoJo - good observation. Probably just a slip.
All else being equal, it takes about a 50% rise in portfolio value to compensate for a 33% loss. ($100,000 X .66 = $66,000. / Than, $66,000 X 1.5 = $99,000.). So the warning is valid - if the math s…
“And studies show that this is exactly when a lot of people choose to retire—the height of a bull market, when their portfolio is plump. “
Which studies? Citations appreciated. “Plump” probably isn’t a term you’d normally find in a scientific study…
@Old_Joe. Yes - You said it better than I could.
@Davidrmoran: You are entitled to your opinions. “Wack” and other emotionally laden terms indicate you harbor very strong feelings about this political figure. I’m suggesting that this kind of parti…
@hank- good luck on that one. As you well know, over the many years there have been a number of posters who stoked up fights because they had deeply felt partisan positions on economic matters.
Not seemingly the case here. More like hollering "fire…
@JohnN, I’d prefer we stay out of the political quagmire. Not what we’re about here.
I care about my $$. If you’ve got some good ideas how to protect / preserve / grow it please share them.
Thanks for your consideration.
Nada. Month ago I stashed 100% of 2020 budget needs in cash - near the year’s highs. Worked well last year.
Otherwise, steady as it goes. If I was 10-15 years younger I’d be fire-walking / buying down with every 750-1000 point drop in the Dow. T…
Maybe this article mentions it, but Macy’s has been bleeding and just announced disappointing sales.
Very sad. But I marvel at the expense it must take to keep a store like that open: Shelves stocked and immaculately clean of dust (takes frequent wo…
