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.
I have to reluctantly agree that the judge's concern about conflating the political environment with the judicial environment is the honorable stand on this situation.
Unlike the Supreme Court, he is trying to keep well clear of influencing the pol…
I’m tempted to delete all my posts in this thread. Never did I imagine that my attempt to mock today’s public stock market bullishness (which is accurately portrayed in the piece) by noting humorously that the writer describing said bullishness was …
Thanks. Makes sense.
I feel I learn a lot by scanning a list of 15-20 funds, stocks or indexes at the end of the day. These are things I may never own. But together they tell a story. Takes less than 60 seconds out of each day. My $1.95 monthly ap…
I do not track it daily or even yearly, though I have owned it for more than 15 years.
@BaluBalu - “Not looking” is commendable. But you must take note of BRK’s price movement sometimes. How else could you have known it was down 3% yesterday? Here…
Thanks for sharing your perspective @catch22. Possibly relevant - the front page of today’s print edition of the WSJ features a story on aging.
”The Crushing Financial Burden of Aging at Home” - by Clare Ansberry and Anne Tergesen
It’s a soberin…
I agree with the first 2 of your 3 points @yogibearbull.
Point #3 - I don’t know how one’s perspective can not be shaped to some degree by their life experiences. My parents and most of the adults I knew as a teen had lived through the Great Dep…
I knew it was jest. But she is good and WSJ could do with more people like her.
Without getting into the weeds … I recall a family of that name from several decades working in public education in Michigan. (Led me to pull up some bio.) The family …
I know Gunjan very well. We've spoken on various market issues over the years. She is smart, educated, and articulate. Journalism has become more sensationalist and everyone needs to keep their jobs. In terms of market knowledge, she is as smart as …
(Deleted undocumented reference to personal life drawn from from linked tabloidish source)
This 4-day trading week is starting to resemble a ski slope. :(
Maybe she’ll soon need to revise the title of her article:
Something like this might …
Not sure why there is so much interest in this fund now. Its YTD performance is 48 percentile and it is a $62B fund with idiosyncratic sector allocation.
A fund like this should be expected to underperform during strong bull markets (like this ye…
An ironic aspect of all this is that Trump's mental acuity (never all that great to start with) now seems to be deteriorating even faster than Joe Biden's. Perhaps it seemed more noticeable in President Biden because he started from a place which wa…
I track it daily, but don’t own it. I can’t remember it sustaining a -2.85% single day hit like today in the years I’ve tracked it - but am sure there have been some. It will be interesting to watch this one in coming days and see how it performs r…
Thanks @Observant1 for the “probing” article on Americans’ current love affair with stocks. In reading I became curious about the author. From the linked article: “The typical salary for a journalist in the United States is $49,887 per year”. Had n…
(Excerpted from Fidelity’s Glossary of Terms
“Other-The "Other" category includes non-asset class holdings (i.e., other than stocks, bonds, and short-term investments), including, without limitation, derivative securities, options, preferreds, con…
I believe I’m done on this thread. Friday I consolidated down from 10 positions (10% each) to 8 positions (12.5% each). One of the 8 positions is cash - but largely kept in short term bond funds. The 2 positions dumped were the long-short fund NLS…
Some would say $1 is quite generous.
Might be worth a gambit at $15.98. I see a reasonable chance the election ends up in the courts. Stock would soar briefly in that event. Then sell it fast before the final verdict is rendered.
Gotta know when …
Among Bloomberg headlines, I couldn't make sense out of,
"Pimco Sees BOJ Hike as Soon as January, Likes Long-Term (Japanese) Bonds"
Normally, buying bonds ahead of rate hikes isn't a great idea. Does Pimco think that expected bond hits have already…
+1 Hope you’re correct. Just sharing an article that caught my attention this evening on my Bloomberg feed. It’s hard to link directly to Bloomberg. Was easier to track the (same) article down at Yahoo and link thru them.
Other headlines Su…
:( Thanks for reminding me of that. It was a very nice day until now...
Ditto. Time for an “old-geezer” drink! / Where the hell did I put that bottle of prune juice … ?
:)
Thanks for the suggestion @MikeM. I’ll check that some day later in the week when logged in and report back. I for one would certainly appreciate it if that’s the case.
+1 Anna & Catch.
Rarely do we share our age or what our investments are intended for. If you are 25 - close your eyes. All will be well. If you are 50, maybe squint a little. But if you are over 75 and counting on those investments to susta…
Thanks @MikeM
20% sounds about right if they’re including options held by the funds you note. I don’t own any funds that play overtly in the options markets. But, no doubt, some of them utilize them to a small degree. My 9% is (hopefully) reflecti…
Here’s the total wreckage over 17 consecutive months (‘07-‘09). The ‘07-‘09 bear market was one of the shortest in history.
Wikipedia ‘07-‘09 Total Bear Market Losses
NASDAQ - 55.63%
S&P 500 - 56.78%
DOW - 53.78%
The chart abov…
I’m in rare agreement with @Baseball_Fan on this one.
Yes, over the long haul markets go up. Equities beat cash and bonds over very long periods. It’s been demonstrated that dead investors outperform living ones. But there are always lurking the…
Thank you for the update. Always wonder how Fidelity execute ETFs versus OEFs (end of the day’ NAV)?
I think I know what @Sven is asking … Yes, ETF’s sell at whatever the current intraday ”offering” price is. That’s generally a little below the c…
Thanks all for the excellent data folks. Most interesting. It even made Vanguard’s Small
Cap “Value” Index fund. Amazing. I guess index funds work in strange ways.
Thanks @Observant1 / Hope it helps.
In terms of gold, I prefer at my age to play indirectly through diversified funds. Both PRPFX and GAA have some precious metals / miner exposure. One thought in consolidating down to a smaller number of holding…
Sorry @Baseball_Fan Can’t pull up the linked source.
I do not use any particular planning tools. I invest primarily in a wide variety of actively managed moderate risk funds. All (except PRPFX) allow the manager a lot of discretion in what to…
Thanks @Mark. Yes, great movie clip. Dean Martin never sounded better.
My initial feed led to 10 or more country musicians back to Gene Autry. Who knew that he flew military aircraft during WWII? I’m not sure those same clips will surface for …
Sounds like these folks need another big tax cut. :(
Seriously, I’ve been contemplating a special “yacht tax” to try and even the score. The widening wealth gap in the country is obscene.
Proposal: For every foot in length over 40’ their incom…
The above mentioned Cabinet suggestions are all individuals willing to put personal gain behind them for the good of the nation. JFK would need to add several more chapters to his Profiles in Courage today. The book left an indelible impression…
There must be some psychology behind these often nasty obscene controversies he creates. I don’t think it’s by accident. A certain element of the population is attracted to this. I think he has two main constituencies: (1) The smaller in number (b…
