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.
Of course if it’s a test, we’re grading on a curve, yes? ;-)
Well … Does anybody know where the answer key to this thing is?
If any of us had that answer, I don't think we'd still be visiting MFO......
ISTM Ted had that Answer Key last.
Selling a bit of an infrastructure fund heavy in utilities - rebuilding depleted cash. Utilities have been sucking air lately. Nice rebound in recent days on lower rates. VPU (as a gage) is up 2.17% 2.36% late in the day.
Thanks for the correction @Old__Joe - I hadn’t considered that I might have altered @Level5’s original intent with my modifications. So, I’ve added a note to that effect.
Edit: About ”Artistic License” https://en.wikipedia.org/wiki/Artistic_licen…
Yes, thanks as always @Yogi.
I haven’t read the statement. I did sorta listen to most of the news conference. What caught my ear in response to a reporter’s question was an instance where after repeating the normal language per the 2% inflation g…
@Level5 said,
“When the market is rising I think …”
(I’ve restructured the OP into multiple choices and added choice E.)
(A) Boy, was I smart to add to equities last week…
(B) Boy, was I smart to sit tight…
(C) Maybe I do know what I’m doing…
”That's not the mechanics of a brokerage CD - you cannot just withdraw your money. If you want out of a brokerage CD before maturity, you must list it for sale on the "Secondary Issues" market.”
Thanks @Stillers / One of your better posts.
As a ca…
Thanks Yogi. Options seem to be the color of the day. Maybe this new one will do better than TMSRX has - (not meant to imply strategies are the same.)
Thanks @TheShadow for posting this.
.58% ER?
That seems low. Sorry, haven had time to read it all. But wondering if it will short stocks and whether the interest paid on short positions is included in that ER.
For comparison: JHQAX ER .83% (which also seems low to me)
@MikeM - I’m not in Warren Buffett’s league. Nor do I expect, or even hope, the 3 equities I hold (3.33% each) will perform better than Buffett’s Berkshire. So, for those who want to duplicate Buffett’s return, they should put 100% into BRK. …
For those who do like to own individual stocks as a main investment tool to your overall portfolio, have you compared your stock selections to a broad based index fund like the S&)500 for large US stocks or a small stock ETF or a global ETF if u…
If BB Fan means he’s 85% T-Bills that’s pretty conservative. Here: 47% equity / 30% bond / 15% short term and the rest “other”. I’ve always worked hard to keep volatility in check. The equity exposure is mostly through L/S funds & others that …
Did either of you get the sense that Rieder, for all his smarts, was making the best case for his fund with the goal of attracting assets?
Great question @BenWP
Hard to say. What manager doesn’t want more assets? Nearly included in my earlier …
Ben franklin said: ”Experience keeps a dear school. But a fool will learn in no other.”
Sometime in August I revamped my static portfolio, including in it a 10% allocation to a single stock. It’s one of the largest food distributors in the world. …
+1 Yes - Nice interview. Some insights into bond investing. This week’s Barron’s refers to BINC (incorrectly) as a “high yield” fund. Not really. Rieder addresses various allocations. My readings on M* previously suggested around 35% HY. But it…
Thanks @WABAC for putting it clearly. A poster who claims to have moved mostly (if not fully) into cash at “5%” starts a thread ostensibly about stocks but loaded with political suggestions from the get go. Things get out of control. Who would’ve …
If the U.S. is in such dire straits, what is the fascination with U.S. government issued / government backed paper? What gives you confidence that this government’s Treasury Department would make good on those T-Bills 3, 4 or 5 years out? What ma…
Thanks @Crash.
The quality of this at The Ambassador in NYC has varied greatly over the years. But it’s always a hoot! The cast keeps changing / evolving. Better in earlier days. Under $100 still gets you a front row lower level mezzanine seat…
Took too long to kill off this expensive index fund, whereas their competitors are changing only several base points.
You haven’t heard of P.T. Barnum?
Hope this hasn’t already been covered, but don’t some of TRP’s allocation funds (like TRRIX) invest in this? Perhaps they have an institutional share class that won’t be affected?
OK / I should have read full thread. Looks like TRP is “disappear…
Wonderful thread linked by Catch from 2018 and remembrance of Flack. Thank’s @Catch22. Lots of laughs there. And I did remember there was a bit of “tension” between him and @MJG … :)
DODEX was discussed in the following MFO thread.
+1
D&C is a fine house. Low fees for actively managed funds. I was there (no longer am) about 20 years. Always felt like they were a bit more aggressive on their equity investments than some, whi…
"Technical always reminds me of Ruykeyser's elves." :)
And he fired one of them, Gail Dudack, near the peak of the ‘99-2000 NASDAQ bubble because she’d been bearish a long while. Wouldn’t go along with the otherwise bullish “elves” as I recall. A …
Yeah. For sure.
@Crash - You probably recognize this short refrain from a famous musical:
Give 'em the old three ring circus
Stun and stagger 'em
When you're in trouble, go into your dance
Though you are stiffer than a girder
They let ya get awa…
”I'm surprised by the magnitude of DODIX inflows.”
Same here.
It appears today that those bond funds with higher credit ratings did worst. DODIX down -.68% GNMA -.86%. Both loaded with investment grade paper.
“Some say 'government' some say 'clown car' others say 'insane asylum.' I say: 'Time for another scotch.' :)”
Just priced coffee online. Anything good’s selling for $1 - $2 per ounce. Actually, you could buy a half decent bottle of scotch for what…
Pessimism is rampant.
Heck, with headlines like “The lights have all turned red”, “Nobody wants mutual funds now”, “Into the dumpster”, “Fidelity has ‘disappeared’ Dodge and Cox”, and “…Total Return fund will be liquidated” - what would you e…
Well, maybe I need a new set of specs, but I’m seeing DODIX off 11% last year and down another 1% percent this year …
It would be interesting to know where those inflows into DODIX are coming from? From other D&C funds, or is it new money com…
“How is the market hanging in there under the current circumstances?”
“… strings and ceiling wax and other fancy stuff”
But I’m not certain your original premise is fully accurate. A check of Bloomberg shows all 3 major indexes well below th…
@hank: just a $2 wager on the Rangers? Good call! I thought Scherzer would get roughed up, but it did not happen.
Scherzer got jerked in the 2nd or 3rd inning. Recovering from some kind of shoulder injury. Gave it a good try. Turned the game off …
Thanks @Old_Joe and @Devo
Oversimplified but interesting reading. I was surprised it doesn’t mention robo-advisors for the “set-it and forget-it” crowd. Also, the trend towards index funds which is highlighted is older than some of the particip…
+1 Hello.
”Anyway, I have been working on simplifying my portfolio and target date funds are actually looking more and more attractive to me, but it is not easy to leave your trustworthy funds and I guess I am just an average investor as they turn …
