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.
@msf got it right. Beat me to a response. But the role of the Fed in setting rates is greatly misunderstood. They set the overnight lending rate among Federal banks (Hope I put that correctly). Their direct influence is mostly confined to the short…
I owned STADX (Strong Advantage). An Ultra-short term bond fund. (pegged at $10 per share I seem to recall). Held it outside a tax shelter. Used to write checks on it. No problems at the time, but suspect it was on weak legs knowing how he operated…
All looking quite expensive and probably bearing outdated frontend loads and 12b1 fees I bet
Yep. Spot checked 3 or 4 and they all carry front loads. For a few years after the takeover they kept Strong’s symbols, bore similar names, and didn’t cha…
They sell mutual funds too.
I recall they took over the Strong funds after Richard Strong was forever banned from the business by the SEC in the mid 90s. Wells Fargo’s current fund lineup is easily double the number Strong offered. And I can’t fin…
The site (which I attempted to link) also displays the rate of return necessary over the next year “to maintain your current balance.” That comes up along with the RMD after you enter your numbers.
I wonder if in some way that’s what the disclaimer…
@johnN Stranger VP picks have happened! But, will she be 35 by 2020? That dance looks like a national emergency to me. :) - If Spiro Agnew had only danced ...
Let me say this about the dems ... They appear to have more fun. Most Repugs, I suspect…
I used to love PRNEX @hank. I haven't owned it since probably 2008 though. I think it got clobbered that year and never really came back strong. Energy has been such a disappointment for so long it's hard to think it has a recovery coming anytime so…
Hi @Junkster
Having watched the swings in both market areas; for the past several weeks, one eventually saw support into the government issues areas during the flight from equity areas.
Today, Friday, Jan. 4 found that support move away.
You are o…
Geez - There’s so many. And today’s winner may well be next year’s looser because they tend to invest in different countries and regions - and in emerging markets to varying degrees. Those diverse markets don’t always march in unison.
PIEQX is a …
As user of 5 different Apple devices I recognize that I am paying for superior tech support and a convenient easy-to-use Apple infrastructure when I pay high dollar for their products. Always get their extended warranty / phone support. Have yet to …
- I’m just gonna stroll the aisles ... waiting for a better sale on equities 3-6 months out. But, if they really have a fire-sale (like 35% off recent highs) I might be tempted sooner.
- While I like gold a lot, a little goes a long way - and I’m …
Thanks for clarifying @msf. That quote from The Observer is a nice sentiment. I get the drift.
Couple possible exceptions:
Dealing with the competitors, in relatively small amounts, might be a good way to familiarize oneself with the competition …
"Cash flows should not impact your return."
Yes and No.
If you view a new car, house or major home improvement project as an "asset", than converting an over-appreciated asset (i.e. an overvalued stock or fund) into one of those other assets migh…
@MFO Members: Trump said, "the market will again go up once various trade deals are settled." Guess what. he's right ! Eat you heart out Hank !!! Regards,Ted
What? Isn’t that exactly what my linked article & excerpt said? Here’s my excerpt f…
Hi Mike - At first suspected you were asking “tongue-in-cheek” ... as you and I are among those who previously owned HSGFX and fled. I track the fund a bit and have noticed his better than normal showing in ‘18. All of the above reactions are corre…
Just to let you know - the $70 dollar rebate card arrived today. Whew - waited so could spend the whole wad on gas at one time. The truck, snowblower, and about everything else that runs on gas is on “empty.”
@Mark, You may be “missing” that all the way back to 1970 my retirement money has resided directly with several different custodians. Today, those funds are invested directly with 4 fund houses. Not counting cash & short duration bonds, there…
Positive? Sorta ... Bested my benchmark TRRIX slightly. It was off 3.28% vrs -3.14% for my combined holdings.
Helping this year was a good slug of $$ that came out at the end of June and went towards a new car. For the remainder of the year I trea…
If there are no profits on the revenue then most would consider that revenue a waste of time at best. The US has a trade deficit with Mexico. So if we stopped trading for a period of time, how exactly is the US hurt?
I suppose by that logic we shou…
This board occasionally features posters making precise pronouncements about the level of the S&P (or pick your index/indicator) at some point in the future, with exactly zero rationale. Why would anyone take seriously any assertion with no reas…
Derf - Tire Rack provides free road hazard insurance on all their new tires. Good for 2 years after purchase (or until the tread is essentially used up). I did have one claim a couple years ago and can vouche the insurance works. Good support from…
I’ve found T. Rowe (mentioned in the article) pretty good at understanding / forseeing the very long-term macro trends. Problem is, most of us (self included) have the attention span of a Tsetse Fly. So, if a fund or investment doesn’t work out for …
Agree it was a great program. Afraid I’ve strayed from PBS in recent years. Thanks @AndyJ for the timely reminder to catch their Thursday night science shows.
Their Apollo program was followed by an excellent documentary about Serb-born American i…
If it's the truth, the facts, a direct quote from Twitter, etc., how is it "bashing"?
@Ted, This isn’t Vegas. What your “crazy uncle” said & did last night does get reported.
https://www.pressherald.com/2017/07/09/alan-caron-america-has-a-craz…
$2.19 in northern MI. Very rare. Especially with so much of that being tax. Guess better top off the 30 gal. tank on the old pickup tomorrow and forget about that 70 dollar rebate card - if’n it ever comes.
Went through the “gas wars” in the Detroi…
Great read @Mark. Thanks. Here’s just a couple snippets from your link:
"Between 40% and 60% of rebates are never redeemed," says Edgar Dworsky, founder and editor of ConsumerWorld.org. Many customers who are expecting a traditional paper check r…
Hmmm ... It’s the second set of Michelin’s winter tire I’ve had and thought both were fine product. And TR would be a good choice even without the rebate.
Most of the brands (not all) TR was selling did have some type of rebate. I’m guessing the …
Did EL ever visit any of his dilapidated and vacant-of-shoppers KMarts? Would sure like to know. How could he have been anything but unimpressed?
Here they pulled the rug out from under the local Ma & Pop Sears franchise by selling the same Sea…
It's hard not to accept the explanation for this volatility (and I mean in both directions) on algo-trading.
Yep - algo-trading is a big part. Smarter and smarter computers doing the buying and selling in place of human hands. But increased volatili…
Bear markets are prone to sudden violent 1-2 day upshots (like today’s) only to resume the downward trend. That’s not so much a prediction as an observation. I’ve been expecting this.
With some IRA money moving right now between fund houses I fe…
Well, I wonder if Powell will sleep better tonight. The upswing must undoubtedly be due to the fine work at the Fed, since the downside was all Powell's fault. Right?
I think he’s like that weird uncle that families sometimes shut away in the closet…
Plunge Protection Team
This was too big to be just a relief rally or a 'bottom' or a trend change imho. Let's see what carrythrough tere is into year-end.....
Yes big-time PP today. Watching Bloomberg much of the day, it sounds like:
(1) Ind…
Thanks. I’ll take a look. NASA TV’s gotten much better under the new guy if you haven’t watched lately. Recently they’ve been airing a near hour long tribute / discussion forum taped 10 years ago with the three astronauts, Borman, Lovell and Anders.…
