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.
If there was a “sure” way to make even a penny profit on a trade with 0 risk of loss, people would scale in. (So there isn’t.)
Closest to this I’ve ever achieved was an apparently defective slot machine years ago while visiting a casino with rela…
Well said @fred495 -
To me it’s all about doing better than cash over the short-intermediate term (approximately 3 years) with a risk profile you can tolerate. It’s not about beating the market or beating @FD1000 - or beating anyone else. It’s not…
Thanks @Crash. It’s hard to resist toying with specific stocks. So far, so good. Sold last 2 last week. I haven’t lost any money on them (recently). Just nerve-wracking way to go. Got a bunch of funds I really like. Sit back, relax and let ‘em ri…
Here’s a lesson in how not to invest. I’d played around with DraftKings stock (DKNG) for a couple years. “In and out” / “In and out” as it fell from $45 down to under $11. Fortunately, I managed to break even. Not without a lot of effort. Than in…
I recently deleted a lengthy post I’d put up. Before I’d even finished editing it, FD admonished me for going “off topic.” In response, I than deleted the post. But I want people to know the reason had little, if anything, to do with FD’s compla…
Re @David_Snowball ‘s “Please don’t be a troll “ - I am aware from time to time of a few posters supplying links to other discussion boards. Aside from thinking that a bit “cheap” or trite and non-productive from the standpoint of this board’s we…
+1 Nessel. Michigan is mostly bad news. Sorry to say. Little respect or regard for the law. Bull and bluster. Popularity elected party affiliated county sheriffs has something to do with it. Some decline to enforce certain laws - especially relat…
Graust said, ”Effect can be used as a verb in one particular situation. It can be used to mean to accomplish something or to cause something to happen.”
Yes. Exactly. Thank you @Graust.
From your link:
- “The new manager is bound to effect positi…
”Stay away from it. If possible.”
Yes. Stay away from timing. Agree.
But stay away from considering relative valuations? No. Asset valuations fluctuate over time. To some extent, herd mentality plays a part. None of us has a crystal ball…
Something along the lines of “dear god. Make them wise. Just not yet”.
Good line. And I realize it’s speaking about all us less sophisticated “retail” investors - not the sophisticated pros like the people at PIMCO.
Need some definitions of “wis…
@msf / Love it. :) You really nailed it. Thanks as always.
Puts appear much safer than shorting as a hedge.
Re shorting - I can foresee a case where an experienced global or international asset manager might see overvaluation in one region…
Yes, @Mark. You’ve identified the problem. (But neglected to mention the high expenses). I haven’t seen any reputable financial advisors recommend it for individuals. One noted professional / experienced short seller I follow on his subscription s…
"Selling puts seems to be one method of hedging". I think you meant buying puts.
Thanks @Devo. It’s a strategy I’m still trying to get my head around. Linked article attempts to explain / clarify it.
”The protective put strategy simply involve…
Thanks @MikeM
I’m looking at JHQAX right now thru my subscription to the FT. It shows 97.6% long U.S. equity, 1.82% long non-U.S. equity. No shorts. Top 5 equities: Apple, Amazon, Microsoft, Nvidia, Alphabet. Those 5 comprise over 23% of portfol…
Note the September 2017 link to MFO @TheShadow provided. Quite an extensive discussion / though I have no recollection of it. Sounds like Giroux was already larger than life way back than.
:) Yeah...
The Thread That Would Not Die !
I’d imagine “AA” is a pretty popular internet search. My X wanted be to go there one time. :)
Just like “closing” a fund. Everybody suddenly wants in.
Congratulations @Crash / Your post just cracked the 2K (views) barrier. Quite a milestone. (Not to detract from all the excellent content.)
Re Zacks - I’ve gotten some decent appraisals from them on individual stocks. Not a bad site. Interesting li…
I've sadly not watched BBG in months, but that concerns me.....
On the first point +1. You haven’t missed anything.
On the second point, I guess it’s the frequency more than the content of TRP’s latest ad. Most of the big players run them. Perso…
Giroux is becoming TRP’s “super-star”. TRP has ramped up their advertising on Bloomberg of late. And they’ve gotten a bit more aggressive in pushing fund performance. AFAIK, Giroux (or his likeness) hasn’t appeared in any of the ads - YET. (Give …
Sold my last two remaining stocks (both mid-caps). Both great prospects, but time stops for no man. At my age, individual stocks don’t seem like a prudent choice. Remain near fully invested across moderate risk alternative , equity and fixed in…
Thanks for the thoughts @Baseball_Fan
As to your question, I’ve viewed the issue both as a possible long term tactic and, more importantly, as a near-term proposition.
Longer term is tough to justify. But if you are a good stock picker (I’m not)…
”It’s also interesting to revisit their picks from January and associated results.”
I agree, if anyone cares to link / cut & paste the January scorecard …..
I glanced at their results and, as usual, each had some winners and losers. None stoo…
+1 @msf -
I was way off. I’ve used “AA” on my asset allocation models over many years to represent high quality credit. While I did read Crash’s original post, somewhere over 3 days my brain began interpreting the thread as related to bonds - whic…
@msf- OK, just to display my complete ignorance, what exactly is an "AA fund" that Crash is looking for?
Thanks/OJ
Not msf … But I looked out of curiosity at the acronym and found that “AA” is commonly used to denote a wide variety of disparately …
Have any charges been filed … ?
No. But one former employee has sued this company alleging that it falsified records to bring it into compliance with the Congressional authorization re minority participation.
Change is the largest of many “CDFI”s…
Yes. Of course! My best wishes go out to @Yogibearbull for a speedy recovery. Some days he carries the board single-handedly. A terrific asset here and help to all of us.
It’s an interesting situation in addition to the whacko politics that will ensue. Maybe a 2016 campaign issue?
It’s logical to assume (and some scientists have speculated) that any long surviving space faring civilization would eventually send ou…
If they pour a lot of research funding into it like they did with weapons of mass destruction, MFO could send in a proposal like "Studies of the Influence of Alien Presence on the Variations Seen in Market Indicators" or "Alien Sighting Induction of…
” … except for a short period last summer haven’t had any meaningful position in junk for several years.”
Thanks for the reply @Junkster.
Yeah, other than a bit in a short-intermediate term H/Y muni fund, I haven’t messed with junk in years.
”It just seemed to me that the overall tenor of the comments constituted a pretty conservative investing approach for a young college graduate.”
That’s good sense if someone is working, contributing, dollar-cost averaging in. In the grandson’s cas…
I bought HYDB in 2021 and its down about 12% but might be about even with Div. I enjoy the monthly div @ over 8% but ALL I read is one needs to sell bond funds. Does anyone have any input on how safe it is or is it time to sell. PV shows its been a…
@hank, MBB has more volume (and AUM) than GNMA if liquidity is a criterion.
Maybe recommend that one to @Crash? Own neither. Haven’t compared them, except noticed that MBB has a much lower published ER. Not sure GinnieMaes would fit his needs. The…
