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.
Enjoy the satire @WABC
I’ve been playing games too - designed to keep fingers off. Obfuscation can be a helpful approach. If I don’t understand what’s going on, I can’t step in and try to “fix” things.
Speaking of volatility, I’m getting the sense that short sellers are currently very active in the long Treasury markets. These guys can be merciless and drive out smaller investors. I don’t know what that implies from an investment standpoint. Just…
Don’t think it is all or nothing approach. We use active managed bond funds to help us on the duration aspect of bonds.
Same here. An experienced manager best to navigate difficult waters. I tried using a 10-20 year Treasury ETF as a small hedg…
”Income investing is a myth that has been promoted for years “
That’s a bit harsh. Such companies often have certain other characteristics making them desirable additions to a portfolio. Everybody has their own approach & comfort level. I c…
I believe the risk / reward prospects for longer dated fixed income securities are not favorable at this time. Locking in duration is a gamble I’d rather not take.
Noting that Kraft-Heinz and Kellog's prices have risen by 25-30% over the past two years....you might scoff at this but I can tell you that cost increase inputs continue...I haven't seen any cost reductions at the grocery store....
I can’t say. Pret…
@hank: that’s quite a tribute to a Mercury, a brand that hotrodders loved in my teen years. It did not retain its cachet. A friend of mine got stuck with a Mercury SUV lemon, manufactured north of the border, no doubt. Once he could afford to unload…
Exited tiny position in TLH (10-20 year Treasuries) initiated a week ago. Good learning experience. Small gain. Proceeds used to establish a toe-hold in a domestic food stock I’ve owned before. Would add on weakness. Added a bit to CCOR where I…
Important point:
investors who trade directly with T. Rowe Price can open new accounts in the funds.
Don't look for these funds to be open via brokerages.
+1 @msf
I held PRHYX many years. When they announced the fund’s (second) closing over a de…
Let me add to carew388 post. I remember when "the border was open & jobs" shipped to Mexico didn't help the working man !! NAFTA I believe it went by, 1992 signed .
Not sure about the point here. But NAFTA became a dirty word for many.
Gosh, t…
SC justices can be impeached just like members of the executive branch. Don’t look to exotic cures like packing the court or limiting terms. Those end-arounds IMHJ would worsen matters and amplify the unwanted political component.
I favor impeachm…
+1
Yes - Thanks for jogging my memory. Me wonders whether rank & file in some other unions were persuaded by rhetoric that this was a dandy idea, not realizing the repercussions would be far reaching and last for many decades.
As others note …
snake in the grass
noun
A treacherous person.A deceitful or treacherous person.
Right @Derf - However, “The verb ’snake’ is also used when talking about someone behaving in a fiendish, snake-like way.” (from Dictionary.com)
Example: “He s…
@BenWP - Nice summation.
We watched it happen in slow motion. You’ve explained it much better than I could. I’ll just add that it seemed despicable at the time when several major airlines were allowed to declare bankruptcy with the obvious intent…
FD said, ”Why bring politics into an investment site when our country is divided?”
You’re right FD. On that you and I agree. Plus, there’s an OT section for those of us who want to soil our hands discussing the tortured soul.
@FD - Personal offense? None. But thanks. I appreciate the sentiment.
From your latest linked article - Why Average Investors Earn Below-Average Market Returns :
“Investor behavior is illogical and often based on emotion. That does not lead to …
FD - Please use quotation marks around or italicize my words when you quote them so readers know you’re quoting me. Thanks.
To your point … If hanging around discussion boards 15 years makes someone an expert, than over a dozen here, including my…
By electing a conscienceless snake. Simple as that. What's most depressing is the number of people who seem to like that.
That’s like saying the tap water tastes bad because there’s mud in it. What the hell caused the mud?
I’m thinking (1) the shi…
He needs to start his own new school of investing. Uncooperative pupils here.
OJ borrowed an old trick of mine. Add a humorous note at the bottom of a long confusing complex post just to see if anyone read all the way through it. :)
@hank. BF?
Benjamin Franklin (1706-1790)
On Humility …
- “Humility makes great men twice honourable “
- “To be humble to superiors is a duty, to equals courtesy, to inferiors nobleness”
- “If thou hast wit and learning, add to it wisdom and…
“I have seen a lot more investors who lag the market when they own more funds, I mean over 5-7 funds.”
Are you an investment professional? Where did you come by these individual’s performance histories? Must be from somewhere else. It’s quite ra…
Buffett's investment process is focused on purchasing companies with competitive advantages
(wide moats) at a fair price and holding them "forever."
He believes that at least 98% of people who invest should extensively diversify and not trade.
FW…
M* shows VWINX at 5.23% annually for 10 years. I hadn’t realized they hew to a 60/40 allocation until I looked tonight. Somehow thought it was more like 30/70. That 10-year average stacks up very well against similar funds. And it managed to shed …
I’d predict some kind of “in house detention” or other “confinement” at MaraLargo. :)
Hard to see much good in all of this. Country’s heading for serious trouble. Do you really want to incarcerate someone who has 48% of the public and 80% of hi…
I’ll assume, for the sake of argument, that those favoring a cash heavy allocation must believe that equities at today’s valuations don’t represent a good risk-reward trade off. Who’s to say they’re wrong? BTW - Has Jeremy Grantham weighed in on …
Thanks @Old_Joe. Nice summation.
Rick Rieder of Blackrock went a step further on Bloomberg this morning saying, ”I’m in the no landing camp.”
(How sweet it is!)
All good stuff.
@LarryB - About a year ago (or a bit further back) you were looking at VWINX as a possible spot for most of your assets. Have you discarded that notion?
I’d never argue with folks going all to cash. 5+% is nothing to sneeze at.…
Thanks @dtconroe,
Hope both of us are alive & well in 15 years.
Worth noting that money market funds back in the 70s and up to the 2007-09 financial crisis were less regulated and, while quite safe, took on more risk than they can today. So th…
“ … in my lifetime as an investor, I haven’t seen cash yields this high ”
Gosh, I do remember earning 15-20% on money market funds during my early working years. :)
Along with that, the aisles in grocery stores (1970s) were often filled with stor…
Thanks guys. Yes, rforno knows an awful lot about cyber security. Jogged my brain with some of his comments in that thread,
Good article from CNet. I’ll take a look at my cards’ websites to see if there’s a special link. Yes, especially good fo…
I took my first overseas trip ever (to England) a few days before the Nov. 8, 2016 election. (Voted absentee of course) Part of me feared he’d be elected and I didn’t want to be in the country when it happened. So I learned of the outcome early i…
Rather than start a new thread - - -
Does anyone use “virtual credit cards” for online purchases / subscriptions? If yes, what’s the best way to get started? Should you install a certain App that would work with all your cards? Or is there an …
