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.
to own.
“Yes, I take all my investment direction from various message board postings at MFO. Works like a charm.”
What would be fun would be if MFO published its own “recommended portfolio(s)” around January 1 every year. Toss out several diffe…
“Bought LCORX today because it came up in MFO conversation …”
That’s as good a reason as any. I can’t see making these decisions overly complicated. :)
Tips seem almost mandatory at many venues. I drink non-alcohol at plays in NYC. At $200-$300 a seat why would you want to sit through a performance with a buzz on? Bought a plastic cup of soda with some ice for around $12 at intermission recently…
You can buy streaming rights to West Wing for $30 a season on Amazon. Offered through Prime Video but you do not to be enrolled in Prime. Not bad for 22 episodes. I’ve had good luck buying instead of renting. No time constraints as to when or h…
"Is this a buy and forget fund, as I am looking for one? If this is not a buy and forget fund, what purpose does this fund serve in a portfolio?
I would never buy an OEF (traditional mutual fund) that I didn’t consider a long-term hold (“buy and…
:)
Thanks @stayCalm
You are correct that we all have different needs and assessment criteria. Often something I own makes sense only when put in the context of overall portfolio. I quick-scanned VBIAX. With 100% now at Fidelity it would not easi…
Based on above stats, about the same risk and returns for both. So LCORX is not for me but I'm happy to learn from others on why LCORX.
@stayCalm - David and others may want to engage in comparisons with similar funds. Personally, I’ve never fel…
OMG, I gotta find that restaurant.
No. Invest in it.
Added: GHC (Former Washington Post Co.) is a conglomerate of mostly small caps. Among its very diverse holdings are some upscale restaurants in the Metro DC area. I wouldn’t be surprised if t…
Thanks for sharing @David_Snowball …
Shorting the QQQ would seem, to me anyways, a “no brainer.” Yet, shorting anything is fraught with peril for the average Mom & Pop investor. Best left to the pros. Kudos to Leuthhold. As a (not unbias…
”Bought a tiny speculative short-term S&P short position based soley on a gut feeling looking at the chart. As usual, the potential loss on such position is roughly equal to a steak dinner in Georgetown”.
Wow - @rforno. That’s a “gutsy” move. …
Thanks @catch22 / Daniels is an excellent performer - and person as well. I saw him live in NYC several years ago in ”To Kill a Mockingbird” which played to packed seating.
Hanks is a favorite, although his works are mixed - mostly great. I watc…
I’ve never seen it. Sounds pretty good. I might be able to stream it from Prime (or buy the dvds).
Yes people don’t change much. Shakespeare’s depiction in Julius Caesar of unbridled political ambition pursued through deceit, duplicity, disloyalit…
@Derf, You’ve referenced one of the true greats from both at FA and MFO. For those who don’t know, BobC was a professional financial adviser somewhere in Ohio. As I recall, he transitioned out of active involvement at MFO sometime after retirin…
@hank
Ten index funds is too much 'diworstificiation' to my mind.
--- Diworsification is the process of adding investments to a portfolio in such a way that the risk-return tradeoff is worsened.
A quote from Steve Jobs (Apple) that applies to the…
“Ya in hindsight why say screw around with cost averaging in, should have just pushed all the chips in.. “
If you’re still working and contributing as much as you can to your retirement plan (IRA, 401-K) out of every paycheck (sometimes called d…
@MikeM +1 2 3
Have followed with interest your work with Schwab’s robo over many years. Appreciate all your comments. I’m thinking there are some actively managed allocation funds that might do quite well what robos profess to do.
I sub…
During the GFC we didn't sell anything, didn't buy much either other than continue to contribute to our Roth IRA's. We were mainly in PRWCX. I did jump into PRHYX when the yield was approaching 20%!! I believe it was early 2009 when I sold PRHYX af…
Thanks @yogibearbull.
While you can’t pull up the entire discussion, those headers (many from December ‘08) reveal a lot. I’ve excerpted a few consecutive lines which make reference to the ongoing “flood.”
Trying hard to avoid a depression... -…
@Derf. Thanks for pulling up a FA excerpt from February 25, 2009. The bear market ended just 2 weeks after that post. Yet, all sounds calm.
I really like this line …
”Your mix of ETFs should match your investment time table, your age, your leve…
”I am much more content to be a longer-term investor who's not glued to the screens and news sources during the week ... “
+1
Recently listened to an interview which touched on the subject. From an experienced investor: “I don’t need to look at…
I wasn't a member of Fund Alarm during the GFC era but am interested in the general tenor
of remarks during that period. I'll use the Wayback Machine to investigate further.
+1
17 straight months (mostly straight down without much of a reprieve) is…
“Riding it out” works. I take it from @gman57 that he mostly sat tight without making any sales or acquisitions during the ‘07-‘09 market meltdown. However, in that case what you’re riding at the onset may be of import. Was it all in global gro…
”Not sure the OP would swap "trade" for "sell", but; I if so, this article seemed worth linking”
Yeah - Great link @bee. That’s a stunning chart not only for the poignantly revealing numbers but also for its references to the seemingly infinite li…
Thank you @rforno. I greatly value your insights (and read all of them).
I think the buy / sell thread may create the wrong impression. Like you, my long term core holdings rarely change. Most of the portfolio consists of OEFs transferred in or…
Thanks @gman57 for clarifying.
@BaseballFan is spot-on in terms of the mood of most investors during those uncommon but spine-chilling episodes. Yes, the ‘87 flash-crash (about 25% down in a single afternoon) is emblazoned in my mind. Some of …
That's the mistake people make bailing after a big drawdown …
@gman57 - Could you please clarify which post or suggestion your “that” refers to? It’s likely a reference to the quotation I posted above (“The reason bear markets go down three or fou…
”The reason bear markets go down three to four times as fast as the preceding bull market, is because fear is a much more powerful emotion than greed, which grows more slowly until it maximizes at the final top of the bull run. As the Chinese saying…
ISTM the thought among investors that a candidate might win in November who advocates Presidential authority to set / influence the Fed overnight discount lending rate spiked the price of gold a month or so ago. The price / momentum have pull…
While I frequently watch the current iteration of WSW, it pales in comparison to Mr. Rukeyser's version.
Pity indeed...
If Lou were alive today he might sue Bloomberg for misrepresentation. I hope the “newbies” this thread is dedicated to realize th…
@hank, @catch22 and other MI residents might be amused to know that FBBAX has approximately 1% of its AUM in KEWL, the Keewenau Land Association. This former forestry products company has considerable subsurface mineral rights. The Upper Peninsula o…
@MikeM- good move!
Yep. I’m really enjoying / learning from all these recent posts. Thanks for sharing. I’m lying low. Think I’ve got the card-house stacked perfectly. (Just don’t breathe.)
