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.
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…
”On the way to my doctor, I found I was leaking brake fluid.”
I hope the doctor plugged that leak. :)
Anybody’s guess as to why all the insurance ads. Gosh - Several I’ve thought over the years were damned funny. Well written. Well acted. Talent o…
FWIW - I noted that the Bloomberg article I linked was from 2013 in making my point that PRNHX has seen better days. Ellenbogen’s earlier tenure was part of the reason.
”PRNHX is a MCG fund (and not a very good one!) and it is NOT Closed.”
Thanks for helping make my point. As I noted earlier, PRNHX has not been a very good fund recently. But a decade or so ago it was.
Bloomberg (subscription only) article from …
@Crash / Nice to hear you’re making progress with PRNEX (T. Rowe Price New Era Fund). That one, of course, is in the natural resources area.
I accidentally entered its symbol earlier when intending to reference PRNHX (T. Rowe Price New Horizons Fu…
Since this thread is still percolating, I’d like to toss out that that instant coffee (“whatever’s at home”) I take along on travel is solely intended for the purpose of travel - or as a backup if my main brewing machine should fail. As a consequen…
By any measure known to me, the Rondure funds disappoint.
Yes. First time I’ve looked at it, but ROSOX doesn’t seem to have held water as overseas funds go. Wondering how much, if any, the fund is hedged against currency fluctuations. That can p…
“ … I see nothing bad in holding 10 to 15 % in SC, SV, or a blend of the two.”
That’s a reasonable assessment @Derf. For a disciplined investor adhering to a well thought out model portfolio and rebalancing from time to time, a 10-15% allocat…
Thanks for posting. Good summation.
I’d guess the dumbing-down of the citizenry over recent decades is somehow related to this. But trying to figure out the various connections would be like trying to understand the intricate pathways of a spider …
Just took a look at a legendary small cap offering from TRP (PRNHX). Recall when it was a stand-out performer (under a manager who later left and struck out on his own) and shut its door to new investors more than a decade ago, leaving many clam…
@Mark said, ”Small investors playing the FOMO game will be left w/o a chair when/if the music stops”
ISTM Mark feels big money has been selling equities and moving to cash while smaller retail investors are still throwing money into stocks due to…
”The ICI release came in at $5.76 trillion in m-mkt funds on 11/21/23.”
Thanks @ yogibearbull for updating the money flow. Nov. 8 was the most recent I was able to dig up.
I agree with @Old_Joe. I’m waiting for “something to break.” Banks might…
My first thought here was of Matt Foley - of SNL fame. But, after checking, it turns out Ol’ Matt only possessed a ”van” down by the river - not even a genuine mobile home.
Yogi - You think there’s been more positive chatter here over the years about VFINX rather than PRWCX? Could be. Not my impression. Both mutual funds. Yes, VFINX is older.
Regardless of whether one likes Ramsey or not, I don’t know how you can ar…
It occurs to me that the most widely admired, favored, tracked and discussed fund on this forum (over the years) is a mutual fund. One conceived back in the ”dark ages” (1986).
Dave Ramsey voices some opinions on investors and ETFs.
Excerpt - …
ETFs AUMs are more stable than mutual fund AUMs. This can be observed from mutual funds besieged with outflows converting into ETFs .
I can’t argue with that. Thanks.
Great thread!
The only possible benefit to watching these types of market chat-boxes is that over a full day you can hear just about any preconception(s) you already have on the markets reinforced. Whether you’re bearish, bullish, or just don’t kn…
Thanks both. Yogi, you may have gotten me on a slip in terminology. By “administration” I meant management (not record keeping). The fund manager is typically backed by teams of researchers, analysts, investment accountants and legal staff when d…
Anybody care to opine on whether an ETF or conventional mutual fund run by the same company / team is a better long term bet? Of course fees are usually lower for an ETF. That’s a big deal. But a conventional mutual fund has a more stable invest…
Stillers said, ”Then, after upwards of 5 grueling hours of upper echelon chit-chat, and an uncountable number of lost balls, strokes and cigarettes, one of them stiffs me for the standard $1 tip, instead tossing me four bits. I head to the highway …
Sold INCM after 3 days & bought back the same 3 stocks I sold Thursday in similar amounts. A real “doughnut” here. A “wash” - or possibly a few bucks ahead. No explain. No complain. :)
@Derf said, ”Lesson learned don't purchase one from the backroom when out of the box”.
Yep.Some truth there. I buy a lot of “out of box” or “refurbished” products. About 3 out of 4 work like new and last a long time. Mixed results with the othe…
“CEFs are tradable securities just like ETFs and stocks. They have the current market values but no liquidation dates. They are subject to M&A by activists. Just look at GIM that will turn soon into SABA “
Appreciate all this. But ETFs trade a…
CEFs But where do the perpetual type derive their value? (I’ve read the prospectuses on several and have owned both types.) If the assets will never be marketed (ie held into perpetuity) how can you or I know what our shares are really worth? It i…
”Hmmm ... none of it is particularly good.”
Ditto. Instant ain’t that good.
The in-room coffee makers at hotels and limited amount of coffee don’t cut it. The stuff the hotel serves at their breakfast bar often tastes rancid or watered down. If…
”MJG was right- I should have run a few more Monte Carlo(s)”.
- - That’s what he meant? All these years I’ve been drinking these things thinking it would make me rich. :)
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I can believe Mark’s number however. I’m finding an 8 ounce bottle of water, vinegar, salt, seasonings and food color (A-1 steak sauce) running about $5.00 in some stores here. Works out to well over $200 per-gallon. Maybe the seller of this…
”Patel argues that the recessionary default risk of junk bonds today is low. “The high-yield market has never been in better shape in its history,” she says. That’s because junk-rated companies used the previous period of low interest rates to borro…
Anybody else have comments / suggestions for @Derf?
I’ll add one here. It’s a lot simpler if you have an Apple account. If not, than you need to set one up in order to use a device like AppleTV. Here’s all the different versions of the devic…
@Derf -
While it’s somewhat subjective, I believe the picture quality is superior as well - close call there. But it definitely corrected the freezing up and slow motion effects. Nothing worse than that when watching a BB game. Picture quality ca…
Ahhh … Similar event here. After having a new 200 mps fiber optic installed, I started pulling only 9-10 mps on multiple tests. Called the provider. They sent out a tech guy to replace the defective cable which the 1st guy had damaged (the connecto…
@Crash - Who you gonna believe? Your own eyes … or a report by the NHSTA? :)
The 2011 study by the National Highway Safety Transportation Authority was follow up to an earlier 2009 study which reached similar conclusions.
From page 19 of study:…
Sold my 3 stocks yesterday. Too damned much volatility for this OF. Dumped the money into Franklin’s new conservative / moderate risk multi-asset ETF - INCM. .38% ER. Untested. But the 3 person team running it has had pretty good success operatin…
Yeah. It’s a state by state issue. I like my local insurance agent with 5-day a week walk in or call service. Took great care of me after a big truck rear ended my rented car in Florida 10 years ago. (“No-fault” state). I never add the optional r…
I increased auto deductible to reduce premium at the last big increase.
I went from $1,000 to $2500 collision deductible to save when bought my last new car in 2018. The agent seemed to think that’s high.
@Devo said “Cumulative inflation”. That’s…
