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.
While trivial compared to the human pain and suffering, I’m reminded of a personal loss. Last spring I returned to the Florida Keys and found the #1 attraction for the past 15 years, the lovely miles of sandy shaded beach at Bahia Honda State Park (…
The moon landing was a GOV'T project, funded by us all. It was accomplished.
@Crash - Not so fast there. Might have been fake.
SACRAMENTO, Calif.—Republican presidential nominee Donald Trump said today he believes the moon landing in 1969 was real…
You’ve been in my thoughts too, Old Skeet. Keep us posted when you can. I can’t begin to imagine the magnitude of this thing. Best wishes to you and others being impacted.
hank
Thanks @Mark and @Old_Joe for all the additional information.
Here’s where I was coming from:
“In logic, reductio ad absurdum (Latin for reduction to absurdity) is a form of argument that attempts either to disprove a statement by showing it inev…
LOL - You had me believing Sir. :)
Naw - No good ideas where to invest your gains from weed at this time. I was going to suggest (only in jest) maybe “roll” it into a few bottles of JW Black. Sells for $40 here in Michigan. $200 would net ya 5 of t…
@Catch22 - Good point. The trade wars etc. aren’t helping. However, the action in the metals markets leads me to think it’s more the effect of the Dollar.
"So a 3-4% hit to one asset means little to me."
@hank: Exactamundo. Now the good news! Ahead $178 on MJ! In less than two weeks! Why didn't somebody tell me about this before?? More fun than the slots and you don't even have to pull the handle! …
The exceptionally strong U.S. Dollar is crushing most non-dollar denominated assets. The most likely reason for the Dollar’s strength is the series of Fed tightening moves which are well ahead of what most foreign central banks have done. I occasion…
@msf - Yes - I did “side-track” a bit. Frankly, I wasn’t aware every member of Congress can gain 100% access to top secret information until you brought it to my attention. With over 500 active members of Congress and hundreds more now out of office…
My point was simply that there is no such tight-rope. Congress has an absolute right to that legitimately classified information.
Yes, in theory. But I don’t believe this “absolute right” exists in the real world. The executive branch controls t…
These officials walk a difficult “tight-rope” if divulging these orders to Congress or the public might also reveal / jeopardize legitimately classified information. (Sorry @msf - but the situation may not be analogous to that of running a company.…
Having had a few days to chew on this ....
I think the problem might be that we are accustomed to our Presidents issuing “legal” orders. We don’t know what orders these high level administration officials may have resisted. Keep in mind the enormou…
@Ted:
As I mentioned in another thread, thanks to you I'm ahead $61 so far.
Is that 61 Bil or 61 Mil? I suppose it becomes hard to count after a while. :)
Knew a guy once who invested a great deal of his and his wife's retirement monies in some b…
RPGAX
(RPGAX) Not global "equity"
I agree with both of you. T. Rowe classifies RPGAX as an "allocation fund". They offer a great many diverse funds under that category - and I've owned a few, including RPGAX which I purchased almost at inception.
…
Just read the two links @davidmoran posted last evening. Here they are again for convenience:
https://krugman.blogs.nytimes.com/2015/03/02/larry-kudlow-and-the-failure-of-the-chicago-school/
http://nymag.com/daily/intelligencer/2018/03/new-trump-e…
@davidmoran,
I'll defer to you on Kudlow.
However, I'm certain you have friends at the NYT. Please ask one of them who wrote that and let us know here. We won't breath a word of it to anyone else. Promise.
EDIT - Reports are that John Kelly has c…
kudlow
The point was made on MSNBC last evening (I don't remember by whom) that Kudlow has a good command of the language and plenty of experience writing this type of position paper or editorial (for lack of a better word).
I'll add that not only …
The odds-makers are already at work posting odds as to who the most likely authors are (if someone else cares to link that).
Pence is getting a lot of attention because the letter included one of his oft-used words: "lodestar". However - How dumb …
These are the people who elected Trump.
Well, sorta - Clinton won the popular vote. https://www.cnn.com/2016/12/21/politics/donald-trump-hillary-clinton-popular-vote-final-count/index.html The Electoral College, slanted in the direction of low popu…
The bulk of my stuff is with TRP, too. TMSRX is "multi-alternative." You are brave. I see it's both stocks and bonds, but not labelled as a "balanced" fund. Jeez. How fancy do ya have to get?
Actually only about half of my "stuff" is at TRP. I lik…
Note: I do believe the word limiter is gone, OR did you encounter a message? Thanks @Catch22 - At a certain point one loses the reader (due to attention-span). I try hard to subject whatever I write to the chopping-block before posting but often fa…
There was a recent article in the NYTimes talking about how retail has changed. It used to be that people liked the experience of walking into a cavernous store and wandering around for hours looking for things they liked ... These days, according t…
We should be thanking you for peeking our interest @Crash. (msf picked up on the short sales which I missed.) Yikes! I've got maybe 6-8 funds with those guys. I 've held all of them for 10 years or longer - with the exception of TMSRX which just o…
My take is that the Times vetted this person carefully before publishing the piece. The existence of a resistance movement squares with repeated previous reports of massive leaking from the WH. You can keep calling the Times "failing," but it's obvi…
@Crash - Looks like they can pretty much do anything they want with your money as long as it's somehow related to debt (including derivatives related to debt). Very wide latitude. Domestics or foreign (up to 25%). No limits on junk bond exposure. Ma…
@BenWP,
Sorry about that. None of those problems that I'm aware of. (Just finished a 8-9 hour drive to the Door Penninsula).
Biggest thing is if a car in front pulls off onto the shoulder suddenly it senses that as an imminent collision and briefl…
Thanks @Old_Joe,
A beauty for sure. I read the Wikepedia article. Suspect your car is an ‘86 or ‘87 from the photos. I didn’t realize the Cutless was ever that big. (And, I believe it was considered “mid-size” in that day.) Those big cars rode lik…
@Old_Joe
Re the Cutless Supreme - If you don’t want it, you can ship it out here! :)
Imagine it’s already got a couple nice Hollywoods. If not, I know a good man at a local muffler shop.
I’ll bite.
Vehicles today have many more distractions for the driver than even 5 or 10 years ago. Why do some require driver to navigate a touch-screen for simple things like turning the AC on or off, adjusting the interior temperature or operating…
He “talks the talk” much better than he “walks the walk” (in any number of respects).
It’s up to us to make sure all these tons of s*** coming down remains only talk. (Could use a bit of help from the repugs in Congress.)
How successful have such tax deferred plans been at their original intention of providing ordinary Americans with a secure retirement?
These numbers (from 2017) would suggest not very successful. If all retirees have to go with this is SS (no pens…
What I’d like to say is it’s great to discuss this stuff - especially on a weekend when markets are closed. And it isn’t hard to draw ramifications for investors.
Where I’d caution care is that DT’s critics (I’m one of them) NOT resort to the tact…
I wasn’t soliciting advice. Just sharing something that hasn’t worked. Hope there’s room in the thread for some of those types of submissions as well. (The “hope is not a plan” was meant in jest. Nobody needs to tell me that.)
If somebody wants to …
I don’t normally post buys / sells. But FWIW, over past 6 months I’ve nibbled on some of the real asset type funds I already owned as things got cheaper. Today, I find myself a bit overweight in that area - and yet it still hasn’t paid me back. The …
“The real history on that point is clear: Julia Ward Howe wrote the song as a pro-Union, anti-slavery anthem.” https://www.nwpb.org/2018/07/04/how-the-battle-hymn-of-the-republic-became-an-anthem-for-every-cause/
This is all getting very confused. …
