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.
Now you’ve lost me @Ben. :)
I took your original statement to mean you might look 10 times during one week and not sell. But during a different week you might look only once, but decide to sell at that time.
ie: The number of “looks” in a given …
Just checked out @MJG’s earlier linked study. https://www.betterment.com/resources/high-frequency-monitoring/. It was conducted by Betterment Investing and purports to show a relationship between frequency of logging in to the Betterment account we…
“I really do believe that frequent portfolio looking encourages frequent action.”
Thanks @MJG for responding - and in a civil manner. If you (and others) want to accept that notion you’re entitled to your opinion. I’m sure that in your own case(s…
I myself completely concur in MJG's
>> Frequent looking encourages frequent action
You gotta be really disciplined to sit tight when things are going against your hopes.
Speak for yourself. (I would not have objected had MJG addressed thi…
It’s interesting that in @Ted’s linked article, Jaffe pays only minor attention to the question of looking / not looking. He doesn’t use a portfolio tracker at all. He doesn’t think about his investments. He is apparently the epitome of a long term …
“Frequent looking encourages frequent action.”
@MJG - Would you care to support that statement with some dicumentation?
A child could see through your screen here. You address a thread about “looking”. You link a study about frequent trading. T…
Umm ... What aspect of a portfolio?
I’m reminded of Patrick Henry’s “I have but one lamp by which my feet are guided”. That is that I want to be as disconnected from the major indexes as possible. I take roughly 30 seconds most weekdays to pull-u…
I'll open this months barometer report with the question. Is investing a learned art or a science?
Well, that’s provocative enough. A quick Google search turns up lots of discussions. I think it depends on the person. I’m not artistic. Couldn’t…
I’ve owned PRNEX since 2002. Still waiting to make what I lost when the market tanked.
There ya go ... In principal you were right. In terms of profitability you were outmaneuvered by Mr. Market.
I didn’t mean to plug the fund. It happens to be…
Yes - “challenging ride”. I’m not speculating on the sector anymore (other than a small position in a real assets fund (PRAFX). But I once did. Crude bottomed at around $26 in early 2016. It’s now back above $70 (varies slightly by grade). So that…
WF is the 3rd largest holding in both DODGX (don’t own) and DODBX (do own). In the latter (a balanced fund) WF accounts for 2.5% of holdings. WF is up 12% over the past year. I respect the decision of a manager to unload a company that has exhibite…
They sure need to change something. :)
Currently the top 10 holdings all appear to be miners and make up over 40% of the fund’s investments. The fund lags most other mining funds for 1 & 5 years. Admittedly, mining hasn’t been a great place to…
Not a good day for Ford and Chrysler. Both are affected by the tariffs.
https://reuters.com/article/us-fiatchrysler-ceo/fiat-chryslers-marchionne-dies-shares-dive-on-profit-slide-idUSKBN1KF1ST?il=0
https://msn.com/en-us/money/companies/fords-pro…
Anyone dipping in
Well, Buffett bought Apple. Says it’s “sticky” - meaning once you buy into the Apple ecosystem it’s very likely you’ll stay because of the compatibility of devices and the fact you have so much music, video, data, etc. saved onto t…
Agree with MikeM’s earlier comment (later edited out) that aside from TRP he’d rather invest with a privately held company. Been checking to see if any of my others (except TRP) are public. Not that I can tell. Oppenheimer Funds is a bit confusing…
Japan sovereign debt. 40-year bonds at 0.91%???? Who on earth would buy such a thing???
- About 40% are bought / owned by Japan’s central bank (BOJ) as part of their ongoing battle to prop-up the Japanese economy since it fell off a cliff in 1990. …
President Trump on Tuesday appeared to acknowledge Russia's continuing efforts to interfere in U.S. elections — "I'm very concerned that Russia will be fighting very hard to have an impact in the upcoming election," Trump wrote. "Based on the fact t…
At the risk of defending the hypocritical he who must not be named, I don't see that as a bad thing. I and others do that elsewhere -- post the link and the lead paragraph or two to give folks the gist of the article, which is totally fine and fai…
One more piece of the jig-saw puzzle Old Joe has reconstructed. I believe one “reform” David initiated at the time was that all links put up must be accompanied by a narrative written by the poster summarizing the article, explaining its relevance, …
@Anna, Admire the skillful wordsmithing evident through your lengthier piece
https://www.urbandictionary.com/define.php?term=wordsmithThe wordsmith's job is to make up bullshit on the spot.
(more from Anna’s linked source):
“Wordsmith: One wi…
The REAL problem is MFO has become personal propaganda machine for 1 or 2 people ...
I’m aware of only 1 person who habitually abuses the site. Wish it were only propaganda. Seem more like self-emulation to me. Obviously it’s a 24/7 activity.
Beha…
A+ @bee for sharing the personal experience. Our situations are not very much dissimilar.
(How’s that for a double negative - DT?)
What really strikes me is that both of us retired about the same time and about the same age and that we were truly …
I found David's use of "pinched" to be interesting also, and interpreted it to suggest an opinion which is "narrow-minded, unable or unwilling to consider or appreciate other points of view which might be reasonably inferred from a given set of fact…
Dumb question for @msf or anyone:
Granted: Investments in mutual funds (or individual stocks and bonds) are NOT guaranteed and annuities ARE guaranteed. But, with the former I own the security “come hell or high water”. In other words, I’m pretty…
Everyone seem to want SUVs.
It does seem odd. I’ve always had a pickup as a second vehicle. I haul dirt and firewood, pull out old fence posts from the ground & use the tailgate as a workbench. Damn handy. But love a car for ease of driving, p…
Also he called EU and China for manipulating their currencies ...
Yep. I had to do a double-take on that “EU” one. When do we start bombing? :)
Russia? Never! (That might be because they have nothing there to manipulate,)
Can you believe that management (of this site) has left this up?
I’m sure they winced. :(
However, the poster in question is a highly respected, knowledgable, time-honored contributor to both Fund Alarm and MFO who also served (or now serves) as…
True confession. Just purchased a new Honda Accord Hybrid. Joked to the salesman that I thought I’d buy it “before Trump puts a 20 or 30% tariff on Japanese imports.” (However, I learned later it was actually assembled in Ohio and contains more than…
A “zero coupon” bond is a bond from which the future interest payments have been “stripped out” and somehow factored into their daily price and value at maturity. They are also known as “stripped” bonds. The net effect is that their NAV fluctuates m…
What really grinds at me is what appears to be a shifting U.S. alliance away from many former (mostly democratic) allies and towards (ex-Soviet Union) Russia. Has anyone visited Russia lately? Are their freedoms and living standards anywhere near w…
Yep - PRWCX and DODBX are very different creatures. The former has been running ahead of the other for many years now. Suspect (but can’t prove or demonstrate) that over very long periods they’ll come out about even. PRWCX seems to have more latitud…
@Sven. Agree completely.
The EM stocks aren’t off enough where I’d wade in. Even the bonds are a gamble - but I like the income they kick out. Suspect the hit in the miners may be affecting some of these economies (ie Latin America) and if gold mo…
Who else considers political risk to be inhibiting new investment?
For one, Henry Ellenbogen, highly successful fund manager at T. Rowe Price, who listed political risk as his chief concern in the Barron’s Mid-Year Roundtable published July 16. In s…
Just deleted a bunch of garbage. I’ll see if I can be more succinct here. Wanted to get back after having more time to read everyone’s ideas and to reflect.
- I’m not convinced a 30 year historical pattern tells enough of the story. I’d look at a…
The darkness in that room had nothing to do with the electrical infrastructure.
Good one @Mark. Here’s how Robert Frost put it in Mending Wall:
“.... like an old-stone savage armed.
He moves in darkness as it seems to me,
Not of woods only and…
Thanks @bee for a worthwhile thread. Bit rushed right now - but plan to revisit this.
I’ve never been able to come to grips with the possibility annuities might be a wise investment. What I dont’t like: (1) The one’s I’ve looked at seem to pay litt…
Calm down, you all. Nobody is going to be "banned" around here. Trust me on that. Or perhaps more to the point, trust David Snowball on that.
OJ
DITTO -
While we may have lost one particular battle we’re winning the war. (Translated: We generally …
