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.
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…
“ I am presently at 5 institutions which I will reduce to 4 by Spring 2020 and 3 by summer 2020 “
Great stuff @bee. I’m a dozen years beyond you in age and facing the same challenges. I went from 5 institutions to 4 a year ago - vacating Oakmark. …
Adding fuel to the fire - FAA analysis predicted many more Max crashes without a fix - https://abcnews.go.com/Business/wireStory/faa-analysis-predicted-max-crashes-fix-67662029
I’ve searched in vain for a memorable line from Dickens (I think som…
”Hank: I lose sleep when I get up to 70% invested, or so.”
I agree the sleep-test is important.
Personally, my portfolio is nowadays so boring the way I have it positioned that when I’m having trouble falling asleep, I just think about it for a f…
Lewis makes some excellent points. I already shared Catch’s concern, but decided it wasn’t worth fretting over. Everyone should know - @rono’s been posting the same hilarious Santa’s Reindeer video for something like 20 years - going back to Fund Al…
As far as I know, everyone in the conversation has already posted a Christmas greeting. More welcome for sure. Apologies for any deviation. When asked a question by a fellow board member in a thread, I do my best to reply out of courtesy - and no…
By the way - what is a full market cycle?
Good question. I’ve seen different definitions and I don’t believe any of them. Hussman claims he understands and that he’s investing based on a full market cycle - and look what’s happened to him. I’d say…
+1 @BECKMANB
I just did that for QVOPX (alternative investment). It pulled up the -22% in 2008 (which I was more/less aware of) and went back even farther. Awesome resource. Who would’ve thunk Yahoo?
When buying a new fund, there are many metric…
That’s been rumored or speculated on for months now. I guess it comes down to the cost of stopping the production line vrs. the cost of storing and servicing the tremendous backlog in planes.
I think we who discussed this extensively had a lot more…
@hank, why does your doc think that? OA, or CA blockage? do you have angina / dyspnea symptoms?
Thanks for asking - “Bursitis” on one side (hip). Had me limping several months back and I sought out an orthopedic doc & some physical therapy. Bo…
How hard would it be to procure and post here the 2008 return for every mutual fund registered at the time? Personally, I doubt I’ll be buying many (if any) new funds going forward. But what a sobering effect it has had on me to be able to easily v…
"old_joe" is quietly thinking that he is only two years younger than Ted was. And wondering which vital subsystem is likely to fail and take him out too.
I’ll note (dryly) - Judging from his past posts, Ted sold essentially all his equities roughly …
Yeah - a confusing article. It says “Posted by SDD Contributor December 15, 2019” above the article. Than, within the article, it reverts to the original March (first publication) date. Stuff happens. I’d give John a pass on that one.
Well now ..…
In celebration of Ted - As most here probably know, we were often at odds over the years. He sometimes labeled me ”the Trump Basher” (not meant as a compliment) and I often responded in kind - occasionally to excess. Ted was a worthy opponent in an…
TRP was great about updating PRWCX to reflect true value (Saturday morning). Still waiting for laggard Invesco to do the same for one that donutted there Friday. Not that it makes one iota of difference to me - and perhaps most of us.
It may, of c…
So is it time to trade self-storage reits for storage-of-self reits?
@Anna - There is such a company: https://www.nbcnews.com/tech/innovation/company-will-freeze-your-dead-body-200-000-n562551 (a link allows you to get around the ad-block blocking.…
Great find @Mark,
As folks in these (REIT) funds know, self-storage is often an important component (normally around 10-20% of holdings). The article you linked notes fierce competition, oversupply and cooling of demand in the self-storage market…
@Old_Skeet ,
Thanks. That sounds like a perfectly sane and rational system. (I probably could have written that response for you. :))
A plan, such as you and I both adhere to, serves many purposes. Two of the most important IMHO are: (1) It instil…
Thanks for the warning re PRWCX. BTW - OAKBX paid out yesterday. While I no longer own it, still track it.
It’s not hard to spot the pastry after-the-fact. When a fund falls 5-6% in one day, that’s a good clue.
Everybody makes some excellent points. There are two different ways of looking at allocation that might be muddling the messages here. If “allocating” between taxable and tax-sheltered accounts (like IRAs) than it makes sense to keep income generat…
any thoughts on why some REIT's have performed so poorly this week?
The U.S. 10 Year Treasury rocketed up to 1.94% today from somewhere around 1.8% yesterday. That’s a huge one day rise. Earlier in the year it dipped briefly below 1.5%. Bonds (and …
I bookmarked and checked out the cool link @LewisBraham provided. For QVOPX I was only able to pull up the same tables they included in the semi-annual report. However, they noted that it had 2 pages. Since only 1 page surfaced, I submitted their fo…
Creepy - After clicking on the 529 link they hid the article and served up a link allowing me to disable my ad blockers. After I clicked that link, they were able to display every one of the 4 ad blockers by name I’ve got installed on this Ipad.…
Thanks for the SEC links and comment. I’ve tried to chop the pertinent text down a bit (below) without distorting the intent too much. Since it appears funds may provide the required information in tabular or graphic form, it appears Invesco may be…
Sad beyond words. Ted was a giant of the board, whether you always agreed with him or not. He pushed all of us to be better. And we are better for him. Condolences to his family.
Love all these comments.
John Templeton’s one of the greatest ever. The first equity fund I ever owned was TEMWX during the time Sir John managed it. Lynch was far more flamboyant. Rubbed a few the wrong way. Quite different from Sir John’s long-t…
Umm ... my point was that Congress won’t mess with munis precisely because on average they benefit wealthy individuals more than middle and lower income individuals. I’m not opposed to them. @msf has everything here correct I think. I’m just tryin…
Point taken @msf. And we know what happened to the ACA. The following numbers are a bit dated (2013), but I think they’re still relatively valid today and serve to make my point:
“ A smaller fraction of Americans owns state and local government…
When is the last time Congress enacted a law which imposed a higher tax burden on the upper 10% while reducing the overall tax bite for low and middle income wage earners?
An Ad for T. Rowe Price. Basically filling the page. Title may be misleading. While the funds may be appropriate for long term investing, they are not designed for those in retirement as title seems to suggest. (Examples: TRBCX, PRHSX).
The rec…
We both posted at almost the identical time.
Only because @Ted’s MIA. Otherwise this would have gone up on the board seconds after Volker’s last breath.
I recall Volker’s tenure and the decades preceding. Nixon tried (temporary) wage and price …
I always wonder who, if anyone, is front-running his various market-moving tweets and proclamations.....with this regime, it's almost too easy for some insiders to NOT be doing it.
A lot of this sounds somewhat spontaneous - as when he blasts Fed …
