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.
I’ve noticed the same effect at the local WalMart where I do a lot of grocery shopping. Prices spiked sharply almost overnight 1-2 months ago. Interestingly, that coincided with about the time they did a whole lot of new hiring. Prior to that you …
Nice post from @Catch22 that explains how CPI is calculated. Problem is: There’s no “average” American, so everyone’s affected differently. I did read somewhere that auto insurance has skyrocketed recently - a lot to do with all the technology tha…
I too found the article by @Devo fascinating.
A broad-brush approach to the issues of interest rates and bonds, and how they intertwine with different investors’ approaches, needs and expectations. I’m left with the overarching sense that over…
@hank
Per TRP website PRWCX/TRAIX 2.68% cash as of 9/30/23. Giroux recently stated that the fund currently has its highest bond allocation since he became manager----domestic bonds at 30.96% and foreign bonds at 1.32%.
Thanks for checking @Roy
Wo…
I just checked with my wife about me possibly being "sophisticated”. She looked at me funny and broke into uncontrollable laughter. I wonder what that meant?
I dunno. Better ask her. :)
As for investing being a game, none other than Roy Weitz, fou…
I saw the ”$250M AUM” and at first (incorrectly) read that as the fund’s ”minimum investment amount”. I thought to myself, Hey - David’s not doing too badly. ;)
Thanks all for the enlightening thoughts. Especially to @msf for the M* story. Please know the article does not represent the view of the FT. The paper publishes a wide variety of viewpoints. As someone noted, there’s a nearby column in the same i…
That sure seems a weak piece for FT
I agree. Will probably cancel my subscription when it expires as somewhat disappointed in the FT lately.
It occurs to me, however, there’s no way to dissuade people not to pile into cash. They will do whatever …
@MikeM - The Accord’s trunk would accommodate your golf clubs - and a lot more. One of largest trunks of any sedan I’ve ever owned. I went through the “higher ride” / PU stage when much younger. Keep a 20 year old beast on the side for hauling wood,…
Whew! Opened the window last night - but didn’t jump. :)
Nothing that out of the ordinary appears on my limited tracker. Bond market is closed today in honor of the guy who didn’t discover America. Uptick in gold & energy which had fallen rec…
”You might reconsider the need for an SUV or pickup, which tend to be surprisingly unsafe because of their poor visibility and slow handling, expensive, and unnecessary. (In general, SUVs are marketed through appeals to personal freedom as drivers f…
If you play Japan be aware there’s a big difference between funds that hedge currency risk and those that are unhedged. Not that one is bad and the other good. Just that they can run in distinctly different directions at the same time. I’ve owned …
"Avoid flying directly in or out of Moscow."
I've always done that.
If I ever travelled to Russia it would be to attend the Bolshoi Theatre. Very impressed with the performances I’ve streamed. What a paradox. A beautiful country in many ways.
(B…
Added a bit this morning to a beaten down precious metals / natural resources CEF. Funds came from an international bond fund and a consumers staples stock that have held up relatively well adimst the recent carnage.
Re: metals / Gold is flirtin…
Awe com’on Crash …Surely you know that judges are corrupt. Prosecutors are corrupt. Juries are corrupt. So too are the Justice Department, the FBI and election workers. Toss in about 95% of the media (Fox excluded). For moral rectitude and leader…
“As of Dec 31, the best rate on a CD in the 10-12 month timeframe may have been 4.90% APY for a 10 month term.
https://web.archive.org/web/20221222065208/https://www.depositaccounts.com/cd/1-year-cd-rates.html
That comes out to about 3.653% yield (…
“@carew388 also had it right back in March ”
Thanks @MikeM
Was just responding to the last poster on the thread who happened to be Sven. Probably several got it right. I didn’t. Never saw 10-year rates reaching near 5% in less than 3 years.
To @…
Precious metals have been taken to the cleaners. Strong dollar at least partially to blame. Miners (GDX) were off 3.4% today. Silver’s been leading the way - down 4+% today alone. Spot gold settled at $1829 - near the low end of a multi-year tr…
-“We have no prior operating history and there is no assurance that we will achieve our investment objective.
“This is a “blind pool” offering and thus you will not have the opportunity to evaluate our investments before we make them.
“You shou…
“Mass Affluent “. Is that someone who lives paycheck to paycheck and leases a C class? And is making payments on a Rolex?
I tried to find the minimum investment for you @LarryB - but a web search turned up nothing. I’m guessing it’s probably $100…
Here is the article from https://www.reuters.com/markets/us/traders-wary-volatility-jp-morgan-funds-big-options-trade-looms-2023-09-28/
+1 Thanks @FD1000 :)
”So, expect these articles to be recycled … ”
Makes me question whether to renew current subscription to Bloomberg when it expires. The current Bloomberg story bears an uncanny resemblance to a year-old Reuters story. Now, I wonder if it was…
+1 Yogi / I guess I’m even more confused than @Old_Joe claims to be. I saw it first in Bloomberg. Appears the same story makes the circuit every few years. I’d swear I’ve seen a Reuters piece dated 2023 - but can’t find it this morning.
@hank, the fund AUM is much lower now than at the end of 2021. We have seen multiple quarterly resets since the end of 2021. Not sure why Bloomberg thought this is news now, unless it has been raising this red flag all this time and I had not seen…
Seems like we’ve covered this before. The 25% w/h tax is pretty typical in Europe on foreign investors. However, some of them have a special treaty agreement with the U.S. and Canada limiting the tax to only 15%. Apparently, Norway is not a signat…
“Tongue in cheek” from me earlier. Like the kids saying “Are we there yet?”
I’m optimistic for the simple reason that nothing was spared today. A bit unusual to see commodities, miners, utilities, energy, growth stocks, consumers staples, bonds …
