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.
Yuppers. Gold posted a $50+ gain yesterday and is up $62 today at last look. Miners going wild. OPGSX (used to own / still track) was up 5% yesterday. Silver’s been leading as it often does. Gold peaked above $2100 a week or two ago (a record high…
At exactly 2:00 p.m., everything took off like a rocket. Amazing, or just leaked information..
That’s the time the FOMC statement was released. See Yogi’s time of posting.
:)
Yep - A rocket breaking lose from its hold-down clamps occurred to me too…
Possibly related - SEC Chair Gensler made comments on BB today that liquity issues increased this week (roughly paraphrased). Particularly, he noted the increased risks of leverage in the markets. Possibly something the Fed is also concerned about.
…
yes and most here were safely positioned in tbills or cash. :)
+1
“… most here”? Doubtful. But cash certainly was front and center on the board much of the first half of ‘23. Wish it were possible to pull up individual pages of discussions to tr…
Taxation of ADR stocks and U.S. Investors
”Like regular U.S.-based stocks, ADRs that issue dividends are taxed in the same manner. However, the one caveat is that because it is considered a foreign investment, the foreign home country will typicall…
It works in reverse too. Had you invested in the Hussman Strategic Growth Fund (HSGFX) 15 years ago you’ve have realized an annualized loss of 3.68%. You might be selling your private island home in the Florida Keys about now and moving into a near…
Not gonna touch any of the critters mentioned here, for precisely the reasons discussed. My experience in this direction is limited to a single ADR which is underperforming. "Foreign issuer" was allegedly the reason for the delay--- not to mention t…
@Baseball_Fan - I don’t think you’ll get many affirmatives here on your annuity question. I’m sure they have a place for some people. But haven’t been mentioned much by board members. Dunno … Maybe …
@FD - I posted the advice of Buffett to his wife…
Some friends were recently on a week long Caribbean cruise that was scheduled to stop in Panama City. But the ship decided to skip the stop due to some kind of “social unrest” there. Yes, there is a large lake, as I recall, in Panama that services …
What is a "What The F--k" portfolio? All caution to the wind?
I’ve researched it Mike. It’s military lingo: ”Whiskey Tango Foxtrot”
Portfolio risk late in retirement? It’s a personal matter, I think, based more on temperament than anything else…
Thanks, @Old_Joe, for tracking down those links.
I remain alarmed about AI without really understanding how it could get out of control. Maybe even more troublesome is the amounts of money the big tech firms are throwing around. I’ve never read ab…
”I stumbled across the idea that you start retirement with a low equity allocation and increase it as you age ten or so years ago, although I forgot the source.”
@sma3 - I looked for that same idea online and couldn’t find it either. I’ll hasten t…
+1 Thank you @Roy / Excellent link.
On occasion I listened to Ramsey 20+ years ago when he was on late night AM. Sounded much more rational than. From that included clip, it sounds like he’s been attending the ”Rush Limbaugh School of Public Addr…
While tweaking is under discussion, M* notes that TRP’s TRRIX has been “on the tweek” so to speak.
”The team (that manages TRRIX) has made several changes to the underlying holdings over the past several years, adding both T. Rowe Price Hedged E…
Outlier here (What’s new?). At 78 I go about activities including travel, theater, shopping, social events pretty much as before the Covid pandemic. My heart goes out to all who suffered, continue to suffer or lost loved ones. I avail myself of …
Thanks @yogibearbull. Sounds like a treacherous area. Rowan’s (house view) argument is that for many investors “liquidity” is being oversold (and is costly). His “sell” is that most of us need perhaps 10% of our invested assets at any one time (ie …
@hank : "How’d I miss that one? " It wasn't posted on DraftKings !
That sounds about right Derf. :)
However, am currently out of state and so haven’t watched an NBA game or wagered in about a week. The device’s location information wouldn’t be abl…
That’s an excellent article @Mark. And concludes with links to a couple financial literacy quizzes we adults can take. Not covered in the article … ISTM that conventional “education” as we know it may soon be up-ended by AI. Do we need to know h…
I dunno who needs that stuff. Bulletproof... Drug Cartel kingpins?
Bonnie & Clyde might still be alive if they’d had something like that. :)
More seriously, it may have some military applications. But don’t ask me what.
As previously mentioned, Randall Forsyth addresses bonds this week in Barrons.. I get the impression he thinks most of the easy money has been made - but he’s not negative on bonds. What he really likes are CEFs. One reason many CEFs are selling …
Thank you for bringing that old post up, @hank. I certainly remember being attacked in that thread for having and opinion that bond funds may be ready to come back and have a good year and future, and that maybe CDs weren't the only investment optio…
”I was revolted by has manner and behavior and agree with a friend of mine who just bought a BMW electric, saying that she and her husband would never buy a car from « that man.”
One wonders if perhaps it’s all an act by Musk to appeal to a certai…
I recall fondly this excellent thread (from May 17) containing many diverse opinions. What stood out to me was the voracity with which the proponents of cash (rather than bonds) voiced their opinions. Not to imply they were wrong. Just that it’s b…
I can’t argue with the OP’s general conclusion that on average Americans are better off financially than they were prior to the beginning of the pandemic in March 2020. You can measure that in a lot of ways: home values, employment numbers, wages, …
I held just a couple ETFs very briefly. They were unsatisfying.
… I have designs upon PRHYX. (Junk.)
I used to own PRHYX. One of my biggest mistakes was selling it after Price closed it. But, generally, I don’t have the temperament to deal with ju…
I confess I haven’t looked at the list. Don’t deal well with complexity. :)
Common sense advice from Henry David Thoreau:
“An honest man has hardly need to count more than his ten fingers, or in extreme cases he may add his ten toes, and lump the…
Along those lines, black here. That’s why the taste of the coffee is so important. If I had my druthers I’d add a creamer (but no sugar). Unfortunately, every type of creamer I’ve ever tried has added a lot of unwanted calories. So cream + a shot…
Thanks Yogi. Excellent chart / post. A few years ago I thought nothing of having 10 K sitting at the credit union earning near 0. Cash rates were so low it didn’t much matter and I felt good supporting the local CU. But like most everybody now I’…
Thanks Mike for your thoughts re LCR. That’s about what I’ve gathered as well from couple hours looking at it. Yes, returns since LCR opened are similar.
I had overlooked your comment re robo. (Got it now.)
Adding to my earlier comments … 3 s…
Not brand new (January 2020) - But would appreciate any takes on LCR from Leuthold. The Professor mentions a cousin LCORX in his November commentary. Both funds have “gold” ratings at M*. The ETF is a little less expensive at .85% (waiver in ef…
”Many experts are concerned that companies such as OpenAI are moving too fast towards developing artificial general intelligence (AGI), the term for a system that can perform a wide variety of tasks at human or above human levels of intelligence – a…
