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”Pardon the obvious suggestion here: try asking Fidelity.” :)
Well, I enjoyed @msf’s attempt to make sense of Fido’s wording & updates. Was seriously considering buying the Fidelity bond fund Yogi referenced in a different thread. My concern…
I “think that the 1st buy & the 2nd sell is a round-trip “
That sounds more reasonable - though I’d argue the wording of the excerpt I posted seems to imply otherwise.
Re ultra-short. That’s how T. Rowe ran TRBUX - treated the same as a money …
Wikipedia explains it really well and provides some similar analogies. I’ve used ”the pot calling the kettle black “ countless times over the years. Because an overly critical listener might unjustly allege racial overtones, I’ve pretty much avoided…
Thanks Yogi. Some good suggestions. Will take a look. I’ve owned both BINC and PYLD for shorter periods in the past. The second one (PYLD) appears to have outperformed most of the pack recently.
I’ve been trying hard to justify holding a bond fund. They come in so many different colors (junk, municipal, investment grade corp., mortgage backed, govt. backed, etc.) Throw in duration. That’s a lot to digest. I agree with @Observant1 that in…
Yeah - We got trouble in River City.
From Bloomberg tonight:
Boeing Co. faces growing backlash from rank-and-file workers to a tentative agreement - including a 25% pay raise it struck with its largest labor union during a marathon weekend bargai…
Just as many PV runs for stocks to 2009 looked terrible, so do bond PV runs to 2022.
Comparisons for money-market and Ultra-ST bonds should be from mid-2022 (i.e. beyond the ZIRP).
I figured I was doing something wrong to come up with such terri…
BND(US total bond index) the most recommended bond fund made only 1.6% annually in the last 10 years.
I’ve done a lot of looking recently at bond funds (investment grade). It’s shocking how poorly they have performed over the past 10 years. I ran co…
I would advise younger investors who are dollar averaging in, saving for retirement and still in their 20s and 30s to go 100% equities. Over 40 it becomes less of a ”no brainer” I suppose. My Templeton fee-based advisor put me in a single global fu…
When social justice becomes mistaken as communism, all is lost. I guess non-stupid people can find somewhere else to raise their children. That is as long as there is an anywhere else. Having watched how fast the US has turned from progressing to re…
Google headline news today is that W has no intention of giving his endorsement to either candidate.
I guess that's the most that can be expected.
Just watched "W." All kinds of familiar faces in the cast! Josh Brolin nailed the "W" persona, I think…
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…
