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.
Just so you all know, poster @Ted (a soybean farmer) isn’t exactly a disinterested party here. Just today Individual #1 announced new pay-offs to farmers to try and compensate them for the damage his trade war is causing. https://thehill.com/policy/…
TOO MUCH HYSTERIA!
Run the market straight up for months on end to unsustainable heights. Than “wring your hands in richeous indignation” on a little correction (quote borrowed from @Ted). For the year TRRIX is off about 2.8%. Me about the same…
PRWCX price is down 1.94 today. Total distribution is 1.98. So actually PRWCX is up 0.04.
While I don’t currently own TRRIX, my portfolio closely mirrors its performance most days (mostly by design). When I checked that one, it was “0 change” for…
@Catch22,
Agree most actively engaged investors use the web to buy and sell. However, If (a big if) folks who normally don’t pay much attention to their investments and who are not accustomed to buying and selling were to become suddenly unnerved…
All I know is I needed to talk to a rep at T. Rowe this afternoon and got a recorded message: “We are experiencing heavier than usual call volume.” Finally did get through to a rep after 20 minutes waiting. My instinct is to guess that a lot of folk…
Quite a few of mine got hit with distributions this week. ‘Tis the season. Not to worry. Usually goes back in in the form of newly purchased shares next day or so. However, you can often locate distribution dates listed on the fund sponsor’s website…
Ever since the Federal Reserve started printing money in the name of “quantitative easing” to pull us out of the last financial crisis, money has been cheap, and seemingly any American with a pulse and a credit line has been able to fake “rich” by …
Well ... Somebody bought the dip today. Dow went from negative 400 points in the morning to “in the green” at close. (Most likely autonomous buying by computers pre-loaded with human designed algorithms).
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@ Old_Joe - I think you’re too pessimisti…
rom the FNSXX prospectus:
“Shares of the fund are available only to accounts beneficially owned by natural persons."
As opposed to “unnatural persons”? :)
@Hank, I looked at your list and for me, B through G fit the "worry" bill. I decided to sell down equity funds by about 20% in my self managed portfolio today.
I've said before, I believe within 6 months to a year we will be hearing that the start…
Thanks @Catch22,
Re: “Well, when country "a" has country "b" arrest a person from country "c: with direct connections to a central government of a very economically powerful global country; and countries "a" and "c" are already having a pee into th…
Decidedly “flat” to “negative” responses re Dipping since I posted this about 3 weeks ago.
1. Is anyone now buying the dip?
2. If not, what are the reasons?
(A) Market too overbought / overvalued
(B) Recession looming
(C) Age consideratio…
If I cashed in my investments today the tax burden would equal or —more likely —exceed the paper loss I have at the moment.
I rode out 2008 and an earlier big drop in the late 90s and that worked out for me. Of course back then bonds and stocks …
That is why he is known as The Fixer. How are they differ from John Gotti and their companies?
But seems to know which side his bread is buttered on. And standing with “Individual 1” when things got hot wasn’t in his plan. One wonders if he’s prote…
Can’t even read the article. They want me to “register” first. (No thanks - get enough junk email now.) I subscribe to FT on Kindle. So if that’s the original source I’ll read it. Ya know. Much as I hate to say it, publishers and journalists deserv…
"Individual #1." Perfect. If the dots were to actually be connected, "Individual #1" is guilty of a FELONY.
Not necessarily. Intent (to knowingly break a law) may be a legal consideration here. Let’s let the investigation run its course. Suspect so…
Nice to hear from you @rono.
Against my better instincts, I’m pretty much sitting on my already conservative position. But not buying the dip as might have years back. Hurts a bit each day - but not too badly. Fleck likes gold (especially the min…
Many folks lost more than 55% in their portfolios? ... They must have had some really creative portfolios, because I can only find around 110 funds that lost that much in 2008 ...
Maybe they had it all in Oppenheimer’s Champion Income Fund? (Sou…
I posted the clip of eight different Trump statements about the stock market as a satirical commentary showing how quickly public perceptions about the markets can change. To wit, a number of frequent posters here have grown more cautious in recent …
@Ted, WTF? We’re not allowed to post video of the United States President speaking now?
Please post a complete list of your MFO rules and regulations so that all of us can comply.
Bashing? How on earth is letting the man speak about the stock mark…
Agree 100% with Catch. Most of us would never have started saving if we waited until 100% debt free. She sounds skittish (actually both of you). So I’d suggest a really conservative offering with some growth potential. Once you accumulate some - ev…
Strikes me that this is an impossible (or nearly impossible) question to answer. Even if you could segregate out each distinct management approach (of dozens) you still would find variances within each group depending on any given market period. B…
@Mark, I’m hoping OJ can bring some clarity to all this. I suggest everyone follow him. :)
PS - Haven’t yet heard anyone use the term “submerging markets” this time around. That suggests they probably have a lot farther to fall.
Added to 2 fund’s today in that category. (1) PREMX is a dollar-hedged EM bond fund. (2) DODLX is a mostly investment grade bond fund with around 50% in the U.S. - but it also holds some EM bonds which was an important consideration. Lightened up o…
Ted, You can’t get “the markets” out of your system. I’ll give you 3 months at most before you’re back in - probably buying back in at lower prices than today. :)
Best wishes
I don’t wish to quote Bill Fleckenstein - whom I read by paid subscription. I’m sure many here would disagree with him anyway. But for the past year he’s been warning about the FANG stocks and technology in general. The most dire warnings, however, …
@Ted, Have you notified @DavidSnowball yet that Facebook has nothing to do with investing or mutual funds? I’m sure he’d be delighted to hear that!
From David Snowball’s December 1, 2018 Commentary:
Mark Zuckerberg and Facebook are ham-handed in t…
@hank- Some might say that you've been "slightly off" for some time now.
That ain’t far from the truth Old Joe. It’s the reason I’ve moved more to a static allocation and quit messing around with things. (Less drain on the ol’ brain). :)
My tax deferred accounts in total are down about .8% YTD 2018, pretty much zero change over 1 year.
That’s excellent @MikeM. Even T. Rowe’s fine conservative TRRIX (40/60) is off more than that at -.92% YTD. And their newly minted TMSRX (an attempt…
Hi Ted. Thanks for the unexpected bump. My “bashing” (if you want to call it that) is directed not towards Donald Trump, but towards Russian dictator Vladimir Putin, who has a long history of assassinating political dissidents, and the Crown Prince …
