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.
As for >> the song’s use as an anthem by the Confederacy
... well, everyone says American history must be better and more fully taught, so wtf?
Are you thinking of John Brown's Body?
Chill Out! @davidmoran,
I was wrong about the song’s …
Here’s the actual song being sung at The National Cathereral today. I think that in light of the solemn occassion, we deserve to see and hear the actual performance. And can’t say I’ve ever heard it done more beautifully.
https://www.c-span.org/vi…
Sure, was just wondering why you would choose a CW hymn to honor the guy, and that one in particular, for heaven's sake.
Perhaps because McCain loved the song and requested it be sung at his funeral - which it was beautifully at The National Cathed…
I thought the funeral this morning was one of the most moving things I’ve ever witnessed. I can’t begin to summarize the near 3-hour event which I watched in totality (save for a few minutes when storms knocked out satellite reception). I’m sure the…
No. He’s playing to his (apparently shrinking) base. The ones who think they’re being cheated or ripped off by everybody else (commonly known as scapegoating). So the underlying message here is that Fed workers are all lazy and leftist and anti wha…
A cursory reading suggests that what I think may be the most helpful Commandment I ever learned is missing. And it came to me from an unlikely source - Richard Strong, who often used it in his (now defunct) fund company’s promotional literature:
“…
Apologies. My feeble brain often scrambles letters. Hope I’ve corrected all the typos in OP. Umm ... Here’s the language from the letter:
“ACH/External Account Transfer (Online Banking)
New ACH Origination or Change to Existing Origination ..... …
In other news ... Everyone here needs to use these... Make feel lots better
https://www.bloomberg.com/news/articles/2018-08-29/american-investors-pile-into-marijuana-etf-as-pot-stocks-boom
Agree @John ... Whatever works.
A glass of Bogle Essential …
@Ted You know that maple baseball bat story you posted yesterday that was completely unrelated to mutual funds? Guess where you can stick it.
“A bat out of Hell” I deemed it and refused to read it. By contrast, I read everything @LewisBraham posts.…
Ouch! Sorry to hear of this. Wishing Chip a full and speedy recovery. Sounds like she's in some excellent hands at this time.
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@Catch22 - Thanks for providing the updated info.
He should be grateful that McCain’s unfortunate passing has briefly diverted public attention away from all the messy investigating, prosecuting, guilty pleas and granting of immunity now taking place in several different judicial venues.
One may …
Yikes - T. Rowe is right up there. Looks like all, or mostly all, are publically owned. Never fully understood how Vanguard works except that it’s investor owned - possibly in the same way credit unions are owned by their members?
(I stand corre…
Thanks again @davidmoran
Re tutorial (noun) - Cambridge Dictionary
1. a period of study with a tutor involving one student or a small group
2. a period of study with a tutor and a small group of students
3. IT a document or website on a computer t…
Thanks @davidmoran
Who employs her? (some company or agency, wealthy individuals directly, financial planners)?
40 years is a long time. If she’s wrong, you wouldn’t know for a long time. I suppose it doesn’t matter because there’s probably no leg…
What's almost harder to understand is where is the outrage from especially military members of his administration ... Their lack of moral courage is disgusting
Same thought. John Kelly (Chief of Staff) lost a son who was fighting for that flag.
My earlier goof. Glanced at the thread on the way out the door and assumed “Christine” was a newbie here seeking advice. Didn’t realize she’s actually a journalist spewing out model portfolios. I’d be very careful criticizing the investment choices …
'87 Olds Cutlass Supreme ... body in excellent condition.
Sounds like they’re not putting down enough salt on your highways out there in the winter. :)
Corrosion is the most serious issue we face in Michigan. Visible on the sheet metal beginning a…
I was wrong. Sedans & coupes have the youngest average age buyer (37). Than how to reconcile that with declining sales, along with Ford and Chrysler preparing to vacate the segment completely? Must have to do with demographics: aging populations…
Decided to keep the 13 year old Silverado forever. Dumped $7,000 into body / mechanical this summer. But hauls like a SOB. Recently upgraded the sedan to an ‘18 Accord Hybrid. Some impressive features. Actually able to “see” the center-line and ste…
Mike W - msf has it right of course (as regards money market funds)
1 or 2 ran into trouble in years past. But that was before the SEC-mandated reforms that were imposed within the past decade. One that lost money (several decades ago) was of the …
As to the "cash" as a place to run to in the event of an equity melt. Well, if one is able to pull the evacuate equity soon enough, and choose not to go to U.S. bonds or notes, our current default core cash at Fidelity yields, 1.6%.
@Catch22,
Love…
Under the wide and starry sky
Dig the grave and let me lie.
Glad did I live and gladly die,
And I laid me down with a will.
This be the verse you grave for me;
"Here he lies where he longed to be,
Home is the sailor, home from sea,
And the hunter h…
I imagine most are familiar with the book. But it’s publication and popularity were in the late 50s / early 60s*, so I may be assuming a lot. As I recall, each individual featured (in different chapters) stood up for what he deemed “right” in the fa…
@Hank, what alternative funds are you invested in? Were they around in 2008-early 9 for the great recession so that they have a performance tract record during the worst of economic times? Just curious how they performed over that stretch compared t…
Hi Folks - I’m willing to allocate a small amount to alternative funds in the current exuberant market (currently 10%). And an even smaller amount to a gold fund (1-2%), which is another form of alternative investment. But please understand (1) I’m …
Cohen, Flynn, Manafort, Gates, Papadopoulos, and now Pecker!
Reminds me of the old country classic: I’ve Got Friends in Low Places :)
Edit: Add Weisselberg to the above list.
Ghost written for JFK by his distinguished speechwriter Ted Sorensen.
Some rambling thoughts:
I’m inclined to think we have some folks serving today in the Justice Department who might someday be viewed favorably by history in the same vein JFK …
Missed in all the brickbats here is that PRWCX is a top-notch fund from a top-notch fund family. I’ve owned it nearly since inception. @Crash has owned it for close to a decade. Many others in the discussion either own it or wish they did.
A penny…
I probably had it turned around. Must be covered calls they use. From my previous understanding, they do sacrifice upside potential in return for limiting the downside. And they earn income in the process.
I once posted directly from their fund rep…
Bit short on time. But would love for somebody to dissect this fund and explain in detail how this fund continues to chalk-up double digit (or near double-digit) returns given its positioning by Price as “... a conservative value approach” to equity…
@hank- Nah. I'm guessing that Ben is referring to our beloved "leader". I hope so, anyway.
Besides, what've I done bad, lately?
(1) NOT my leader (2) One good turn deserves another. :)
My question is: if investors do not weigh losses more heavily than gains (i.e. are averse to losses), then why do so many people here keep looking at Sortino ratios and maximum draw downs? Why don't we have maximum gain data as well?
@msf - great q…
Conclusion: “In sum, our critical review of loss aversion highlights that, even in contemporary times, wrong ideas can persist for a long time despite contrary evidence, and therefore, that there is a need to critically assess accepted beliefs and…
