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.
"You can’t avoid the S&P completely if you’re in domestic equity funds."
Well … I didn’t mean that quite literally … No intent here to avoid them completely. For example, DODBX likely has some exposure to the S&P. That alone wouldn’t …
I’ve seen and heard nothing but positives about American - but no first hand experience. Wasn’t a lot in this week’s Barron’s that interested me. But Lewis’ piece was excellent. Drove home the importance of having strong in house research / analyti…
You don’t suppose the FBI planted some fake “classified documents” at MaraLago about an alien civilization living underground just to see if Trump would “leak” the contents to members of his party?
I’ve tried to avoid the S&P as much as possible over the years (unless things were really depressed). But don’t typically share my investments. You can’t avoid the S&P completely if you’re in domestic equity funds. BTW - That’s not a mark…
A few years back, well maybe more than a few years, I switched to Bud lite as it was suppose to help with gout. It worked for me.
Just one more, Derf
Whatever works I guess. Beer is a very personal thing I’ve found…
I’m not sure how you’re coming up with the higher sum for 1 year. Don’t read the numbers on the far right. They are for a longer time period. The chart is truly interactive. So, you can tap anywhere along the horizontal lines representing each fund …
@WABC - Thanks. Just onndering if this was a misprint / typo: “ … the difference on 20K between GLIFX and GLOFX from January 2022 to June 2023 is 82 bucks … “
That might appear to be an 18 month period. Even than, the higher earnings are a bit …
GOP Congressman Suggests UFOs Are From Ancient Civilization Hiding-out on Earth
”Appearing on the sports talk show, Gallagher suggested that one possible explanation of supposed UFO sightings was the so-called "Terminator" theory—based on the fil…
An amazing career. This was the lead story on some of the network 6:30 national news programs Friday. (NBC as I recall).
Local news? What a joke. Tonight the local NBC affiliate (owned by Sinclair) replaced their regular trashy 6 PM news / weathe…
”investors’ appetite for stocks remains as robust as ever.”
Doesn’t really deserve a response. Article exhibits gross oversimplification. “Stocks” can mean anything from the cap-weighted / tech-heavy S&P 500 to frontier markets like Laos or …
Due to a couple of bone-headed moves …
Don’t talk to me about “bone-headed moves”. I actually bought a small amount of something I’d only meant to check the price & minimum investment amount on at Fidelity not long ago. Still don’t understand …
.25 sounds like a lot. And it is with really large amounts that are left untouched out to 5 or 10 years. For lesser amounts:
$20,000 invested 1 year would earn roughly an additional … $50
$50,000 .………..1 year ……………………………………….. $125
$7…
Thanks @Observant1 - Sounds like we got the bases covered, Will check the AIP.
I should have added, it’s much more likely to have to sell a portion of this fund (no charge) as needs arise rather than buy back in ($49.99 fee). It’s pretty stable,…
de nada @hank. FYI I sold GLFOX the same day I bought GLFIX, so you shouldn't have any problems.
Having delved into this with some test buys at Fido, the only problem I see is that GLFOX is NTF while GLIFX carries Fido’s customary $49.99 transact…
Rings a bell. I had one of my two long-time portfolio trackers drop completely off-line for nearly 2 weeks. Sure pays to maintain two of them so you have a backup. Monday, I finally cancelled the scheduled renewal at Apple out of frustration. An…
Thank you @msf. Will give it a shot! And thanks @WABC for sharing that.
I haven’t said much about this one because I was hoping it wouldn’t achieve the type of “celebratory status” everything Mr. Giroux touches enjoys. Two very different appro…
Thanks @msf .25 BP difference! That’s significant. I recently ramped up GLFOX so it is well over the 10K minimum for IRAs. But probably need to wait near 60 days to make the move. Chances Fido might grant an exemption probably slim … than there…
Where I am we had a 1950s era phone “landline”. After a few days of heavy rain it would sometimes go out for several days. Not sure where the problem was. Possibly in a buried cable to home. Cellular reception is poor here. For home service I use a…
The best suggestion of a specific fund I’ve received (for my needs) from this board came from @BenWP a couple + years ago. That’s GLFOX. It’s the first new fund I purchased after moving to Fido’s brokerage. Thanks Ben. It is technically an infr…
Thanks @BenWP - I’d forgotten I have a New Yorker subscription. ($129 year thru Apple). Still decent. Not what it was 5-10 years ago. But, what is? You can also listen to most articles. This article’s 40 minutes.
You know your state’s Rs are in tr…
I just heard someone on CNBC say that utilities are simply a surrogate for bonds. Agree or disagree?
Tend to disagree
But in the 80s, 90s and earlier utilities were quite tightly correlated with bonds. The conventional wisdom than was that utilit…
I kinda disagree with you when you say it is not a game...if this market isn't the world's largest casino, not sure what it is. The market is NOT a utility. It does not care that someone "needs" 8% a year return to fund their retirement. It's us…
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…
