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.
Has man ever invented anything that wasn’t eventually turned to illegal, evil or destructive use?
The depth of thought here far exceeds my humble “technical” query re: best practices.
LOL - I amended my earlier comment with a footnote too late.
I hope this thread can be positive and helps folks make use of a great technology. If someone prefers not to use ChatGPT or another (maybe safer?) AI tool that’s their prerogative. …
@WABAC said, ”I would call the venue to confirm they have a coat check, and how it operates.”
:) You are likely correct. Not very important in this case. (I actually checked on 3 venues using Chat, all of which supposedly have coat checks, wh…
“ … there is plenty of research to prove that indexes and less trading = better performance.”
HA - So you’re going to change the topic now? I’ll make three observations:
- First, I agree that indexes have outperformed active management for a l…
- I looked at M*’s stock price and it’s risen this year - to my surprise. I’m thinking eventually AI is going to take a bite out of their income. You should be able to pull up all the info. they provide - and even more - tailored to your specific n…
Certain books can be therapeutic for some individuals and worthless for others. If repeatedly exposing oneself to those axioms can help someone alleviate an unwarranted fear of risk taking and help them better calculate risks, perhaps they’ll bene…
You guys have whetted my appetite on the subject of “right number” of funds. My simple math tells me that 10 funds, each averaging 10% a year, should produce the same return as 5 funds, each averaging 10% a year - or one fund for that matter. Fur…
”I could never understand why anyone has more than 7-8 funds (they are usually the ones who say, there is no right number). You go over 10 funds and you are over-diversified.”
Silly remark from FD. You’ll have a hard time documenting that the num…
Some thought my 10% per fund too high. Than @Roy chimes in @ 95% with Giroux.
All my funds are team-managed. None of them can compete with a rock star.
”Well, it's one for the money, Two for the show, Three to get ready, Now go, cat, g…
Just for laughs … When I run my 10/10 portfolio through Fido’s analytics … it always says:
”Great work. Your portfolio doesn't appear to be too heavily weighted in the stocks or bonds of any one company.”
LOL
@Crash - Sounds like you’re having a…
Ahh, the age-old difference in opinion on how many positions are ideal in a portfolio. Many go for the perceived (index like?) comfort of volume and others can be decisive and have less holdings. Personally, I do think having many or "toe hold" pos…
@Derf - To be clear, sometime this spring I announced a decision to no longer name stocks or funds I own. I’ve generally held to that principle, except on rare occasion to acknowledge ownership of a fund should it come under discussion in a thread…
I don't know if I would sleep well with 10>% in a fund. At one time that may have occurred. Only T bills & notes in that 10% or higher range as of late.
Happy New Year to All, Derf
P.S. @hank
How did you mak…
+1 @MikeM / I think there are advantages to investing with companies that are privately held (fully or in significant measure). Same may hold true in doing research. Dunno.
With public companies the investment horizon may be shorter, manageme…
That’s where I’ve landed after years of “over analyzing” / “over allocating”. Run a 10-part portfolio @10% each. Various cash holdings constitute 10%. Another part consists of 3 individual stocks. The other 8 are single funds (OEMF, CEF, ETF). …
From @Tarwheel’s linked FT article
“My sense is we are approaching the end of the more intense period of outflows,” chief executive Rob Sharps said in an interview with the Financial Times. “In certain, very visible, aspects it was a very disappoin…
Looks like consumer staples / defensive stocks did well today. My 3 individual picks in those areas kept me afloat. Most of my funds were down or flattish today.
Yes. Out with a whimper …
FWIW -
RPGAX was one of my favorite funds when I invested directly with TRP. But haven’t owned or looked at it since. ISTM its performance was decent from inception on to about 2020 when I departed. I liked the idea of allocating approximately 10…
TRP’s foreign stock funds have never performed very well, with a few exceptions … .
I’d agree with that.
Lipper loves TRRIX - 5's across the board (except for tax efficiency)
I pay a lot of attention to Lipper’s ratings. BTW - M* gives TRRIX a “s…
From a non-expert corner. Not related to FMSDX. …
Be a bit careful if looking at funds (of any category) holding a lot of income-producing stocks. Oh - It’s a great sector / always has been - except that it looks like it’s been “hot as nails” …
+1
Nice write-up @Tarwheel. I’d been a happy camper with TRP since the mid to late 90s. Kept anywhere from 40-60% of my retirement funds there over more than 25 years with the rest spread around different fund houses. I left about 3 years ago afte…
@Crash These were mentioned by you & posted by @bee in the Falling knife, are you willing to get cut ! thread.
Not qualified to comment, having read only about a dozen random pages. But to me, they sound like gibblygoop / mind games. If t…
If you invested $1K at beginning of 2022 & lost 67% & then your investment gain 73.7% the next year, you're still trying to dig yourself out of a hole !! $1k investment is worth $573.21
”SpaceX Falcon Heavy launches X-37B plane, one of the US military’s most fascinating secrets”
Dateline: Thursday, December 28, 2023 (8:16 PM)
STORY
”This launch marked the first time the space plane has hitched a ride on a SpaceX Falcon Heavy…
”Though I doubt most people invest in this as a buy-and-hold security. Which was your point.”
Can’t say what most people do. I took a flyer on a small chunk mid-year ‘22 as a purely speculative play. Doubt I hung on for more than a couple or 3 week…
Some of these issues are not clear-cut. Some have little to do with global economics. Were El-Erian principled enough and succinct enough to acknowledge that he might deserve a better hearing. But presenting them in the context of global econom…
I think he thought you meant you have 61 stocks/stock funds, and 33 bonds/bond funds….didn't look at it as a percentage.
+1 Yup / Crash is speaking in percentages.
I’d hate to be tracking 61 stocks (or 61 anything else). I went from 20 holdings a…
”Gross, via a spokesperson, confirmed he bought 3,000 three-month March 2025 contracts tied to the Secured Overnight Financing Rate. Following gains on Friday, the wager, which is still active, has likely netted a more than $5 million profit, accord…
”This thread is directed toward those who currently own CDs.”
I’ll stay out of this discussion than. Just wanted to say that it’s nice to see CDs receiving some attention on the board.
@Crash said, ”The world is indeed coming slowly... slowly... ever-so-slowly, unglued.”
Can’t argue with you there. I might even omit “slowly.” And thanks @Crash for posting this in OT.
Viewing all the global strife, war, social & geopolitic…
Lead sentence: ”The Western-led global economic order had a bad 2023.”
Maybe just me. But I don’t understand El-Erian’s charm or appeal to many. He seems to command a lot of attention from media sources, but I’ve learned little from him over the y…
I continue to pull up their “fund analysis” writings w/o a subscription and with ease. (Using DuckGo). Not that bad really for the price (0). Take with a grain of salt. Use in conjunction with other sources and your own analysis. ISTM they overwei…
@Crash - Yes, I noticed PRNEX hasn’t exactly shot the lights out this year. FWIW here’s a thread I posted early in the year related to NR funds.
https://mutualfundobserver.com/discuss/discussion/60941/anybody-care-to-recommend-a-good-natural-res…
I noticed a small drug company stock a few weeks ago that I was going to take a flyer on but got tied up with end-of-semester stuff and didn't have the time to put my order in. This past week, it's been up 5-15% every day (incl during premarkets0 a…
You first @Derf. Let us know how it works out.
Healthcare’s had a tough ride in ‘23. Something I’ve never been interested in from an investing standpoint. Potential for litigation issues alone make them too dicey for me. And I’ve witnessed enough …
+1 @rforno. You made some excellent points.
There’s a boatload of bells & whistles on those sites. All designed to draw suckers speculators into the higher profit areas - everything from “spinning” a digital roulette wheel to wagering whether…
”Wow, the ups and downs of DFKG stock are like a sports drama in themselves! The impact of the buyout bid is real, but football season and Cathie Wood's involvement add an extra layer of intrigue.”
https://defector.com/sports-betting-industry-fina…
