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.
Hank - my only reason for commenting was a roundabout way of saying that most readers here probably do not use/invest in hedge funds. I do however follow a few of the managers of same.
@Mark, I realized that. (And your link was excellent.). But I’…
@Mark,
Very informative link. To be clear, neither JoJo26 (I think) nor I intended to promote hedge funds. I don’t pretend to be knowledgeable about them. I was going to note that RPGAX has $640.20M in investor assets, 10% of which the fund invests…
@JoJo26 - Can’t quarral with anything you say here.
But these whip-saws in investor sentiment appear to be getting more pronounced. Suspect that’s largely due to the ease of accessing stock, bond and index returns, along with 1-year, 3-year etc. fu…
A colleague, however, had the misfortune of buying a used Vega in the mid-70's; needless to say it did not turn out well. GM at the time embarrassed itself with its diesel engines, also.
I have purchased 3 brand new GM products in my life (out of mo…
I’d never doubt the wisdom of @Junkster. Thanks for checking in. A second home in the mountains sounds like a great place for reflection (a different approach to getting high). :)
After 70, I think one’s thinking with regard to investing begins to …
@hank et al
A list of real time returns I review.
Somewhat relative to Mr. G and future rates, one see's this (in the list) when equities have a stellar day and bond prices move up nicely, too.
Strange days, sometimes.
Click on the "%chg" colu…
General question: If "US consumers will be paying more because of the tariff war, isn't that effectively the same thing as a decrease in their take-home pay"?
Yes
And if that's correct, won't that eventually have the effect of reducing nationa…
6% that soon is hard to imagine. I’d think we’d experience a serious recession before that level was reached - causing rates to fall back some. But G is pretty smart. Wouldn’t bet against him either.
Bonds have had a lackluster year due to rising …
@Catch22, Yes - of course. But if you read between the lines, I’m dismayed (and somewhat fearful) about the direction this country is heading. More than just the politics. The values which are esteemed by many and the overall literacy level of the…
Those of us fortunate enough to have a DB pension may be able to “wing it“ without MC or any other particular scheme. A lot depends on how frugally you’re willing to live and how disciplined you are in managing your nest egg.
But, it’s a different …
thanks @msf
Sounds like the typical senior doesn’t have much of a chance of retiring abroad unless wealthy enough to fund his / her own emergency medical care. Regular Medicare won’t cover you and Medicare Advantage isn’t available to expats.
Humm…
Love the UK - both the culture and the citizens. London is an amazingly easy city to get around in - in stark contrast to NYC’s subway (a version of Dante’s Hell). Question: What happens to one’s U.S. public sector pension and SS if they move abroa…
I do everything possible to keep any and all Google-associated stuff completely off of my computers. I DO NOT LIKE OR TRUST THEM.
Old Joe - You and some others here are infinitely smarter than myself in that regard. I’m lazy and sloppy in a lot of w…
Under the Google grumbleheading, for some reason I’m getting several notifications weekly (like once or twice a day) that “We’ve detected some suspicious activity” originating from my humble (and completely ethical) ipad. Operating on a data-limite…
It's not a particularly meaningful statistic. There are relatively few wealthy taxpayers and their contributions are capped at $5500 or $6500. So it's virtually impossible for the amount of dollars they contribute to exceed that of many more small…
@Mfo Members: Actually there's is evidence that investing in the four "B" Booze, Bets, Bombs & Butts has paid off over the years.
Nice to see @Ted still has a sense of humor. Some of us were beginning to wonder. :)
I think investing should be …
@Catch22 - Point taken.
However, as I noted earlier, storing a few years supply of your favorite single-malt or blend is one investment to consider. I think a case can be made that the product, along with associated tariffs and taxes, will apprec…
Interesting ... Oops / Sorry - “ruffled grouse” is the local bird. Famous Grouse is the scotch. And, yes, I share your opinion, having had it a few times.
FG Black sounds like it’s worth a try. I’ll keep an eye out for it.
(I don’t like JW Red)
@davidmoran,
The Chivas is smooth tasting. But doesn’t taste like a true scotch IMHO. Suspect it’s more of a cross-over which non-scotch drinkers also enjoy. At $30-$35 a very attractive choice for some.
I don’t buy the $40 Black Label often enou…
@hank, what blends?
I’ve thus far identified 3 decent blends at / under $40. These all go well with a splash of water & ice:
#1 JW Black - Always $40 here in Michigan
#2 Dewars 12-Year (Black label) - Usually $35-40. Dropped to $30 briefly …
Two-thirds!!!??? From social media!!!??? Wow.
I believe it but that's just crazy. No wonder we have issues.
You need to get out and rub elbows with the average low-wage, non-union, lower education, non-professional, common working (or retired) sti…
If the U.S. Deptment of Justice own this thing, that means each and every one of us (as citizens) owns a little piece. Think I’ll stroll by next time I’m in NY and feast my eyes.
More single-malts. ;)
Ditto (But in my price range I prefer some of the better blends.)
Loading up on your favorite brand will probably pay-off better over the next few years (due to price inflation) than many investments folks seem to favor. Th…
@DavidSnowball,
Thank you for the *mid-September publication. Still an excellent product - remarkable in light of the recent demands on your time, focus and energy. You would have been easily forgiven for skipping the month’s issue entirely.
All …
If you click on a members name you will see his/her role either just member or member premium. Premium means that at some point $100 was contributed to MFO.
@Ted. Hate to say you are wrong (again). But you are wrong again. Like many, I’ve made sev…
@Old_Joe,Thanks for the thoughtful reply. Apologies for not being more concrete in my earlier post. It dawned on me later that there was a thread or two on the current hurricane that the sponsor(s) were graciously updating. Florence is a life-threat…
I don’t understand the anemic returns on ultra short stuff - with the 10 year near 3%. If the curve is relatively flattish, I’d expect cash to be yielding north of 2%. It ain’t as far as I can tell - but I’m not very knowledgeable on the topic.
If …
I think @Sven meant to say “Old Skeet” - an understandable slip.
I too hope Old Skeet and his loved ones are safe and dry. Geez - some idiot interviewed on ABC news this evening plans to ride this thing out on about a 25-foot pleasure craft and sa…
So much for my previous concept of an “educated person“.
I suppose there is a lot to be said for designing buildings, bridges and technological miracles like the new Apple Watch. Yes - if “value“ equates to “money“ in your life, than the emphasis …
Thanks @Crash -
I wondered if it was intended as satire. Didn’t see the same reference you did. Don’t have the time to search, but do recall both his assertion that Ted Cruz’s father was involved in a conspiracy to assassanate JFK and another that…
WADR to @Ted - The magnitude of the storm would suggest there’s room for at least two concurrent threads, each having a distinctly different emphasis. Most here at mfo (I may be a notable exception) seem perfectly capable of walking and chewing gum …
If I would have lost confidence on US market, I would let my cash position build up and look for buying opportunities down the road.
Which for a 75 year old, might mean in the hereafter. (Hear there’s still high demand for coal down there.) :)
