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.
“Think you meant devaluation of the greenback ... “ Same thing @Sven - Value of a currency depreciates as assets appreciate in price (but not “real” value.) As consumers we tend to focus mainly on the inflation part (paying more for items). But, i…
I thought you were one of the lefties ...
@JohnN, Thanks. I was born a leftie but my folks converted me over to a rightie early on - as that was the practice in those days. As a consequence, I can swing a ball bat or golf club equally bad from ei…
Right... Take away our guns religions statues and even holidays...
Oh No John! Don’t underestimate us.
We’re also gonna take away your house, your wife, your kids, your booze and your pickup truck. And then we’ll take your right to vote away too…
You're way out in right field on that one Brian. The left most certainly does NOT believe no one should own a gun. Rather, it believes that certain people shouldn't own them just like certain people shouldn't be allowed to drive, or perform surgery,…
@hank, you tried private / incognito browsers?
Thanks for the suggestion. Will give it a try. Actually, I normally just turn to another ipad that’s little used and “clean” per the publisher’s cookies. But last night the one in the house had a dead …
@JohnN,
- I know where the first 5.2 Billion could come from. Wanna buy a wall?
- Than there’s this big-shot millionaire who’s been undergoing the longest federal “tax audit” I’ve ever heard of. It’s lasted for years. When those back taxes a…
Had trouble getting through the NYT paywall. I do pay for subscriptions thru Amazon - preferring to read the Kindle versions. But it doesn’t get me into the NYT or WP online. Did dig up the op ed.
I hope Waldman has it right. The voting public can …
That word gets tossed about in various contexts with little elaboration. A word can mean many things depending on the connotations people choose to attach to it. Case in point would be the now defunct National Socialist Workers’ Party.
Point being …
It would depend on the nature of the hybrid fund whether the portfolio is “more adaptive to market conditions.” If the hybrid is simply a compilation of the various fund types already owned, than it’s likely to behave in concert with what you alread…
Thank you @Junkster. Since it was discussed here (which I didn’t realize) might explain how @Bobpa happened to hear about / or buy it.
Anytime I see 138% turnover / 1.84% ER have to wonder what in the world are they trying to do ...
But I can und…
HOBEX - New fund in 2016, so probably not a lot on it yet. Appears they’re trying to generate decent income while hedging against rising rates. That’s a tough act to pull off. The 1.84% ER is high but not unusual for this type of fund. Likely the s…
(Unable to read the wsj article.)
I’ve normally gravitated to funds that preached value investing. There are are many different ways to define what a “value stock” represents. But the most important thing IMHO is that the “worst news” has already…
I deserted OAKBX late in 2018 after a near 15-year marriage. It got ravaged during the December market rout. It is, of course, supposed to be a value fund. BTW - It’s been hot ever since I left. :)
Interested what folks think of these top 25 holdi…
I’ve always been leary of EM equity funds. Perhaps unjustified - but it relates to approximately 35 years ago when a fee-based advisor moved me (and his other clients) from TEMWX, which at the time was a great fund, into TEGOX*, Templeton’s new EM …
A good read. Give him A for honesty in that he admits the new data contradicts what he said was true in an earlier book.
Did it take a study to find out that active does better in down markets and passive outperforms in bull markets? Duh? Indexes …
@Old_Skeet
Yes - Very helpful. Keep a close eye on all that. :) Hope it serves you well. Do you vary that 10-20% cash holding based on your baramoter reading or is it always near to the 20% mentioned in your earlier post? Reading it again, sounds …
HY in muni-land isn't as risky as comparably rated HY corps.
That’s my impression as well - but little experience with munis. Had some non-sheltered $$ to tuck away for about a year a while back and used Price’s PRFHX. If memory serves, I cut it 5…
Many super-rich people make the mistake of thinking they are super-smart, instead of super-lucky, and they act accordingly, with bravado and a false sense of certainty. (Warren Buffet might be an exception ...)
Other exceptions might be: Bezos, Da…
Recently, I reconfigured my portfolio to a new asset allocation model of 20% cash, 40% income and 40% equity.
Adding your cash and income together, gets us 60% which might be considered income. (Two different ways of viewing the same thing). Were…
For me, I'm watching the yield on the US10Yr Treasury as a clue of what might be ready to happen with stocks. Today, it closed with a yield of 2.69% which is way down from its October high yield of around 3.23%. Seems, the US10Yr is still in goo…
Points well taken. I’m on a rural route. Guy drives up in heated vehicle and shoves the mail into a roadside box.
Meanwhile I’ve been out there 2-3 hours every day in 0 degrees and strong wind keeping open a considerable amount of driveway. Just a…
“While the buy-and-hold strategy has a greater standard deviation of ending wealth than the rebalancing strategy, ... “
I’d suggest “end wealth” would be clearer in above statement. :)
Anyone catch whether the rebalancing strategy provides a more s…
Strong-arming the Fed may be Trump's final "victory". Take a lap.
I’m afraid it doesn’t stop with just the Fed. Sleep well.
https://www.abc.net.au/news/2019-01-31/donald-trump-calls-us-intelligence-officials-naive/10765276
Wondered about that. Obviously a delay posting. I should’ve dug deeper. Knew their balanced fund wouldn’t underperform their income fund today.
Sometimes a hard-to-price holding (ie: international stock or junk bond) does delay a fund’s calculating…
@JohnN, You missed completely the point of my post. But if you want to go down that (alternate) road, here’s a story detailing stock market performance under every President over the past 100 years.
http://247wallst.com/special-report/2018/12/20/w…
HSGFX had an uncharacteristically good 2018. For 1 year it’s ahead 7.5%. However, it’s lost in excess of 5% yearly over the past decade. For holders of this fund I’d suggest forgetting about drinking scotch and instead buying a bottle of Old Crow …
@Mark, Don’t take that glass of scotch outdoors. Freezing point of 80 proof liquor is -17 F. So that glass would probably shatter in your hand. Suggestion would be to upgrade to 90 proof or higher.
https://www.thespruceeats.com/will-liquor-freez…
“Oh gosh, no massive wad on my part @hank. Very small amount so far on a momentum play (IAU gold ETF). I've been burned on PM miners before, so I'll never play with a PM mutual fund again, or individual miner stocks.”
LOL - Sorry @MikeM. I realiz…
And yet cheap doesn't mean bad. For Manhattans, I use Famous Grouse...a good blended Scotch, available for around $25.
Agree - Famous Grouse is pretty decent. Better than most in that price range. In a pinch I can enjoy Cutty or J&B. Don’t f…
What best ways to prepare these drinks.. Any special mixed drinks you folks recommend?!
@JohnN - IMO it would be a cardinal sin to alter the flavor of fine scotch by adding anything else. Just a “splash” water and maybe a bit of ice.
Not true …
Best buying opportunity since 2009? (Give me a break!) To their credit, GMO does some in depth analysis. Hard for me to disagree with their preference for international.
I think having this market positive thread running concurrently with JohnN’s g…
Re: Is our entire stock market essentially dependent on the FED?
Sometimes it feels that way. But only if you’re very short sighted. The Fed can sometimes precipitate or delay the onset of recession (and the accompanying market losses) through mone…
President Coulter ain't going to be happy.
@Mark - https://theweek.com/speedreads/819978/ann-coulter-calls-trump-biggest-wimp-ever-serve-president-over-shutdown-deal
@Ted: How original.
Not original. I told Ted that a couple years ago. But I meant in the summertime when Lake Michigan ain’t covered in ice. Wouldn’t want him to jump now. Might get hurt. (Just want to get him wet - not hurt. :()
I don’t believe …
“Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it…
Some of the finest lines in the English language:
Friends, Romans, countrymen, lend me your ears;
I come to bury Caesar, not to praise him.
The evil that men do lives after them;
The good is oft interred with their bones;
So let it be with Caesar.
…
Perhaps, this money movement is driven in good part due to electronic trading systems with their repositioning of "hot" money.
When I think of “fund flows” I envision small investors entering relatively small exchanges on tablet devices or laptops.…
