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 just hope people aren’t paying for this “analysis” - or, for that matter, buying whatever the robot likes and doing themselves harm. I will say, there’s a trove of useful data on M* if you care about return history and what is inside a fund. I ap…
100 shares more of BHB just bought.
Any particular reason? Are you averaging down? Sorry, I don’t follow this particular stock.
Personally, I’m down to just 2 stocks - both small speculative mid-cap plays. Prefer managed funds for the most part. …
”As @hank said, there is a sameness to the computer generated text. The writeups have a fill-in-the-blanks feel, like Mad Libs.”
Nice to get something right for once.
:)
But - It can fall 90% an infinite number of times. 90% x 8 = 720%. :)
It was bloody. I was waiting in Atlanta for a connection down to Florida the day all H* broke loose and there were grown men screaming / damn near pulling their hair out w…
Thanks @msf / Those numbers don’t comport well with what I’ve been seeing. (But facts are facts.)
Fidelity appears to think that CEF fees are often deceptively presented. From linked article: “Don’t Be Fooled” / Expense ratios: Seeing through th…
The CEF I mentioned is labeled a ”Global Natural Resources” fund. A bit misleading as they do hold a significant portion in mining stocks (WPM & RIO, for example, which I used to own). Leveraged CEFs are crazy animals. Not for everyone.
Yes, thanks Catch. Too much to comprehend for some of us old farts who watched Howdy Doody on a big fat black & white tube TV. Math, even simple addition, was done pretty much with paper and pencil until electronic calculators came onto the …
“ET Energy Transfer plodding higher “
I don’t know anything about energy. I do think the precious metals / miners are starting to look interesting. Silver’s had a hot run this year. So, gold’s probably more promising at this point. Miners popped 2…
I love some of Hemmingway’s novels. But, yikes, his trademark choppy, sometimes awkwardly staccato sentence structure wouldn’t seem that difficult to imitate. Fear we’ll end up with a boatload of excellent Hemmingway imitations - yet devoid of the …
I bought the wrong CEF Friday. Historical performance too volatile and fees too high. Have better one in sight, but need to wait for $$ to settle before selling the former. Meanwhile it has bumped up nearly 1.5% today. With some luck will be able t…
What is this going to do to the publishing business? Who’s gonna pay to read the WSJ or NYT if their AI robot can print out similar (or vastly superior) content and analysis on demand? ?
I ask because i have been trading in and out of a business …
You could save the trouble and buy just about any CEF if you enjoy the volatility. Down 30% and than up 40% not uncommon. And the manager does all the buying and selling for you … typically for a 3% cut - give or take.
Might also enjoy the film…
Well said OJ. Greatest military power on the planet doesn’t have “enough ammunition”? All those mega-million dollar defense contractors couldn’t gear up production during a war that’s been going on over a year? WTF? Who screwed up?
We need more…
@hank,
You may want to check if your local library system offers online access to Proquest.
Library patrons should be able to access Barron's via Proquest.
Thanks. Will check when can no longer receive Kindle editions.
”However, the corresponding written reports are often nonsensical.”
Yes, I think it’s the written reports that I’m seeing. Some interesting content but mostly mundane garbage IMHO. If they pop up for free worth a quick read.
+1
Interesting @Bitzer. It might pay someone to open a small account at Fido just to have access to that tool. AFAIK $1 gets you in the door. Fido doesn’t have any minimum investment amount that I know of. :)
+1 Nice summary @Yogibearbull.
Their emphasis on intermediate duration bonds seems to be pretty much limited to investment grade. I haven’t read much of this issue yet. But find the following title bemusing …..
”The S&P 500 Is Now A Tech…
You get into a certain way of operating, and it’s hard to break. Hard to teach an old dog … Like I said previously, roughing it out on a piece of paper works well. Of course, that requires you to know what’s inside each fund you own.
I’ve used Fi…
Sold 1 stock Friday that constituted a bit under 5% of portfolio. Took equity exposure down from around 45% to closer to 40%. Most of that’s thru funds (but still own 2 stocks). The $$ went into a new position in a CEF that can invest in virtually …
”Just another reason to forget about M*”
I think it depends what you use it for. I find M*’s breakdown of fund holdings very good. Rely on it a lot. Hit “portfolio” tab to view. On bonds you can check credit quality, duration, maturity and how …
Maybe, if you’ve lived long enough you’ve come to recognize the value & importance of equities in a portfolio.
Agree - 90% at 81 sounds a little goofy … Of course, Buffett is 92 and his lieutenant, Charlie Munger, is 99. Suspect they …
Thanks @Junkster. Value your perspective. My concern wouldn’t be so much with dedicated HY funds where you understand what you’re getting into. Maybe a great trade. Don’t know. But I suspect many unwary investors might get drawn into funds with mo…
”...the riskiest part of the bond market has performed the best.”
Thanks David. Great post. That’s the sense I’ve been getting, but don’t have much experience in this area. Junk can hold up well for long periods, even as equities languish, and t…
I’ve had my eyes on ICEM - a new multi-asset ETF from Franklin Templeton with an ER of .38%. That helps explain why I jumped (unfairly perhaps) on @Crash’s post.
The fund is new (June 6) and there’s very little about how it actually invests either …
My wife mentioned to me earlier this morning that she was surprised that no one was killed at the annual Gay Pride parade a couple of weeks ago. This is what we have been brought to by the crazies, abetted by the gun lobbies.
Yes. Of all the groups …
Had same question couple nights back. Not worth subscribing to M* just for that. And there didn’t seem to be any good apps at Apple specifically for that purpose. Honestly, I’ve always allocated by fund type rather than by what they own. Works for…
”Of course, as soon as I increase my equity exposure substantially the markets will crash.”
:) - That’s a pretty safe bet. Slow and steady usually rules the day. Never be in a hurry to lose money.
I don’t think many folks who were in the m…
Those window rattling explosive devices (10-15 detonations) last evening well before dusk and sounding a mile or more away (probably in agricultural lands) made me wonder whether some subversive group were using the festive atmosphere of the 4th to …
I am risk adverse by nature, but without a pension ( except SS) I knew my wife and I would have to depend on our investments for living expenses, vacations weddings etc when we retired.
Much of what I read pointed out that retiring into a multi ye…
I worry about the future, too. Everybody does. But I’ll take this inflation over the hard landing Summers seems to want or mistakenly thinks we need any day of the week.
+1
Healthy modern economies experience some inflation. Deflation (falling pri…
After 25 years of retirement my allocation hasn’t changed much. Early on I looked to TRRIX, a 40/60 TRP fund for guidance. Currently own the fund and it’s one of several I watch to try and keep my feet firmly on the ground.
No X-Ray. Simply broke…
”put a little cognac in the tank to relax its nerves”
Great idea @BenWP. I dumped a bottle of harsh tasting scotch down the drain one time. Maybe should have “fed” it to my car instead. Thanks for confirming the Accord is alive and well. Same here…
Just one model based on age. Take with a grain of salt.
Age-based portfolio model / https://www.schwab.com/retirement-portfolio
A quick search of 5 or 6 other websites seems to pretty much find agreement with the model I linked. There are …
I’m seeing more and more red flags in my reading. But the bears have been hurt so far this year. Just don’t know. Latest red flag is some commentary from Pimco - one of many.
https://markets.businessinsider.com/news/stocks/pimco-harder-landing-rec…
