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.
Bought 2 additional shares of NSRGY at under $103. Put in order to sell a bit of PRPFX as gold rush continues unabated. Added to a minuscule basket of (ProShares) short / inverse ETFs (around 1% of portfolio). Trying to bolster cash position tha…
Look at the bright side. At least it’s not saying … ”F - You”
@Andy’s point is spot on. CEO’s out on the golf course somewhere. Could really care less …
Sorry to hear that Mike. I neglected to buy the special viewing glasses before everybody sold out. Rode the bike about 90 minutes during the eclipse - same as some years earlier. You’re not supposed to look with regular sun-specs. But I dared a …
@Baseball_Fan said: ”illegal invaders begging in front of many stores in some of the most exclusive neighborhoods in the country”.
I’m absolutely astounded at the wealth disparity in this country. By all accounts it is growing. You do not need to …
Thanks for the feedback @Crash. Nice that you got that charge back. I had some kind of similar issue and TRP did not refund the charge. But I was happy just to get out of there! (Kinda like when I left the X.)
One early dumb mistake I made at Fido…
If you like hearing Ray Dalio you’ll enjoy the first segment (April 5). Never at a loss for words. Includes a clip of Dalio being interviewed on the original WSW in the 80s about the Mexican Peso crisis. Also features some clips of Congressional…
Entertaining and educational reading as @Crash confronts new challenges at Schwab. Been there. Done that. Deeply indebted for all the support received here when I migrated from TRP’s in-house funds to Fido a few years back.
Familiarity so…
Very interesting. The stated rationale sounds odd as you can buy stocks without paying a fee. I use Pro-Shares in very small quantities to short various markets time to time. But looks like they’re a bigger fish and not affected by this.
Thanks fo…
Bought 10 shares of NSRGY @ under $105 and 24 bottles of S. Pellegrino.
@Crash. I’d like to echo @Old_Joe’s congrats on maintaining this enjoyable thread.
Thanks for commenting @Crash. The SNL cold open featuring a Bible peddling Donald Trump was certainly timely. I didn’t personally feel it was particularly well staged by SNL standards. Really miss Alec Baldwin in that role. But he’s entangled …
5.75 years is far too short a time frame to characterize your investment prowess. (If it will make you feel any better, famed investor John Hussman has managed an annualized return of 0.09% over the past 5 years with his flagship fund, HSGFX, ac…
Mike - Thanks for chiming in. If you click on Yogi’s link to Barron’s you’ll see that the bright red cover photo would appear to lean Pro-Trump - or am I reading too much into it?
I can relate to your angst. I subscribe to the WSJ - but simply ig…
I dunno. He sounds sincere in that Ad.
“It’s my favorite book.”
“I read it all the time.”
“We need to make America pray again.”
When it comes to TV pitch-men, few can compare to legendary Ron Popeil.
Yes, Rochester NY is smack in the middle. I remember the last good one here about 8 years ago. Was riding the bike paths on a clear summer day. Eerie sight. Suspect that even on a cloudy day in Rochester the darkness that slowly descends and th…
The answer largely depends on the future direction of the economy. On the short end, the Fed rules the roost. Farther out, inflation expectations should impact prevailing rates more. I wouldn’t feel comfortable locking up a whole lot for 10 ye…
Might be worth building a small short on Trump Media. Markets so crazy I’ve actually got smallish short positions using PSQ & SDS. Under 2% of holdings, but allowing me to stay invested in some less frothy areas (including David’s pick - LCO…
Nice to know you’re still staying atop of Boeing @Old_Joe. I’m following the news, but visit the board only infrequently. You don’t suppose Ted’s still following your posts from ”wherever” he may be. :)
Thanks for all you do.
”I particularly enjoyed a recent read of Morningstar’s analysis of Neuberger Berman Long-Short Fund (NLSAX) which I own, although I’d rate it higher than they do (Medalist Rating Bronze ).”
Just wanted to note that Morningstar raised its rating of N…
I don't trust fund managers that goose their funds with stocks that are unrelated to the category, or the thesis. What's the point of owning an "EM fund" if the returns are driven by stocks from North America and Europe?
You say you don't care. OK…
"I'm happy to let my funds hold MAG-7s in controlled quantities. I don't need more of them!" indeed, and they pop up in unexpected places. They are a top holding in Rajiv Jain's international and EM funds for reasons I've yet to hear an explanation.…
On the same note, a prominent MFO member recently wrote:
“You have no reason to envy my investments. I have no reason to envy yours. I don’t know how much my brother-in-law’s portfolio made. I don’t care whether I beat the market, I care about whe…
Just used Fido’s portfolio analyzer.
”The level of stock (equity) in your retirement accounts (38%) is generally not associated with someone your age, which may mean an inappropriate level of risk.”
Being alive is also generally not associated w…
Here’s a 2013 Story. References to “today’s market” are dated and not applicable. But they seem to have the story of Gail Dudack (the “odd duck” among the weekly elves) correct. Being a “elf” was a permanent position, whereas the panelists rota…
Is the question about Mag or Gail? @Crash
Gail Dudack was one of the weekly “elves” who was consistently bearish on the markets week after week while all the other elves (6 or 7) were steadfastly bullish (1999). Rukeyser himself was also bullis…
A few stocks I have to go along with WABAC 's list. All YTD. MKS +21,VST+18,URI, PH, and EW all up 13+. Thats TECH, Utilities, Industrials and Health Care. Not all about the MAG 7.
@Art - Good show!
And I’ve now deleted my earlier reference to th…
”If it's all about the Mag 7, why is XMHQ up 11.24 YTD? Why is GRPM up 8.18? “
I have absolutely no idea. A few of us were just grousing among ourselves quietly over in the quaint OT section (which resembles a dark alley) and somebody had the br…
I can confirm today's market is entirely range-bound. All indices are trading in a very, very narrow range today .... practically miniscule. :)
Thanks @rforno. Was getting worried. Thought it was all in my head. :)
This is the first time I can remember what started out as an “Off-Topic” thread (February 8) being moved to “Other Investing” (10 days later) after many had posted.
Thanks. Nice analysis. Mentions the role of war in keeping Russia’s industrial machinery / economy running. Possibly applies to many other economies including our own.
A (perhaps misguided) college Prof’ once explained it this way:
”War is …
The market concentrates around Mag 7 is concerning. Are we riding on a bubble or this time is really differs? Except for US, the economy across the globe is slowing including China.The past week UK and Japan are officially in recession. Is US the …
From today’s WSJ - “The ban on borrowing could have the greatest impact, lawyers said, because most large U.S. banks are registered or have charters with New York.”
Sounds a bit like the financial markets...
Yes. Come to think of it … Some of CNBC’s lighting, sounds, characters and stage-sets do somewhat resemble a casino.
Thread reminds me of Kurt Vonnegut’s “Ice 9” from his cataclysmatic novel, Cat’s Cradle
Am near fully invested mostly in alternative and balanced type funds. Some exposure to high yield, though those in the know say spreads are too tight. Bold e…
The stuff on Shatner was fun. Just kept transitioning from one video to another. / SNL’s 1986 style humor - a nice throwback to a gentler time.
(Reposted from @msf’s earlier comments) And get a life (Shatner, SNL):
https://www.dailymotion.co…
Photo & Article from this Week’s Barron’s
“Last week’s Investors Intelligence sentiment survey showed the highest percentage of self-described bulls since the summer of 2021. Market strategists have been raising year-end price targets for t…
