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.
It’s not just “stuff” that has risen in price. Services also. Car towing to the repair shop was more than double what I paid 3-4 years ago, to say nothing of the big check I just wrote to the septic tank pumper, 40-50% higher than five years ago. I …
Apologies for not following the entire thread. Nice to see Larry Summers getting some well deserved attention.
My inflation gripe this summer:
$73.00 for a gallon of interior latex paint at local Ace. (Custom mixed to color)
And $8.00 for an em…
Sad about all those folks being stranded, Happened to me few years ago at LaGurdia. No private jet. Just a cell phone to hammer away on hoping to catch a ride home to Michigan at any price. It’s nice that you have 24 hours to cancel as I booked one …
In my brief stint as an air traffic controller we informally called UAL "Untied Air Lines". But not to a UAL flight crew, for sure.
:) - But honestly, all of the airlines go up and down.
Awesome. A month’s worth of reading. Reminds me of trying to digest one of Bogle’s comprehensive guides to investing years ago. Thanks to all who contribute.
podcast...also stated 90%+ of those under 45 years old who have a 401k account, auto invest into index funds... can that be true?? If so, that could drive markets higher,
@Baseball_Fan -
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That sounds a lot like a theory I’ve heard on other f…
That’s a dour viewpoint @Baseball_Fan. A favorite old expression of mine begins, “Well, I don’t know … that may be so ….”
The trouble is that the markets, by and large, have kept moving higher during most of my 75+ year lifetime. Optimists have do…
Some have mentioned Dodge and Cox. I’m a fan, having owned both DODLX and DODIX in the past. Both carry moderate fees (.41% & .45% respectively). However, neither is without risk if short term volatility bothers you. DODLX has had two years …
@Crash said ”Can't find apples to apples anywhere. Crud”
That’s because bond funds are nearly impossible to compare. Too many moving parts: Credit quality, average duration, average maturity, countries & regions included, dollar hedged or non-…
I don’t know why M* coughed-up its premium analyst rating when I pulled up OAKCX this morning. Not a subscriber. But I coped a piece of it (excerpt from a portion of full report):
”Oakmark Bond Fund earns an Average Process Pillar rating. The i…
Thanks for all the thoughts. Cuts both ways for me. When something I’ve sold (typically a stock) soars another 50% or so in a few months I feel like an idiot. On the other hand, yesterday I picked up something previously owned that had been beate…
”… the secret sauce with which to promote your new investment advisory service …”
Yep. Kind of the antithesis of Jim Cramer. We’ll tell them what we don’t like without the screaming and hand waving. Than they can buy it and make money.
Thanks @Old_Joe - A comprehensive and substantive piece from the WSJ.
Really appreciate the excerpt + your own multipoint summary.
I dropped the WSJ and picked up the FT about a month ago. Both great publications. Once Amazon decided to kill …
@Graust - Thank you.
FWIW, this represented the remainder of what I held for many years at D&C - so essentially closed that account. Since previous transfers came from income funds there, I didn’t think it necessary to do in-kind transfers and …
oh, dear. Worry about THAT? I'd rather stick needles in my eyes. "I have better things to do, like stay in bed and complain." -----Judy Tenuta. (R.I.P.)
Ha!
“Clowns on the left … Jokers to the right” was my first thought.
Just tossed it out as a…
My “Transfer-in-Kind” request went through Monday. Took around 10 days to complete. Previous transfers (D&C to Fido) were done after first liquidating the fund. Those executed faster - in 5-7 days. Today I logged in to direct Fido to “reinve…
It’s well known that Bill Gross cut-his-teeth as a professional blackjack dealer before becoming an investor. Perhaps lesser known is that the legendary Louis Rukeyser of PBS’s Wall Street Week fame was also a devoted casino gambler.
”One cost of c…
Stark, isn’t it?
I do wish the American public appreciated the work our undercover operatives abroad do and the danger they face if uncovered. If they did, there’d be a lot more hullabaloo over the issue of classified materials.
Thanks @BenWP
On another note …..
My understanding from perhaps 3 or 4 months back was that the Wagner Group were well trained paid mercenary warriors operating with the consent and at the discretion of Mr. Putin. Supposedly they were better train…
”I could lay out some bizarre possibilities here (covert in nature) - but will refrain.”
Never mind - ”Biden Denies Any U.S. Involvement” https://time.com/6290479/biden-putin-wagner-revolt/
”It was the first time that the benefits of diversification had been codified and quantified, using advanced mathematics to calculate correlations and variations from the mean.”
Amen
”It's too bad CCOR is stinking up the place this year as I've been interested in this fund for a while. Admittedly, some of my interest faded when short-term Treasuries started yielding over 4% and now 5%. High quality bonds are far more attractive …
“ the valuation on small caps relative to large caps is as extreme as the late 1990s. Remember that the S&P 50 corrected by 50% in 2000-02. The S&P Equal Weight index and small caps vastly outperformed back then.”
That’s been my (uneducated…
MSNBC is following the news as they evolve. Interview with Richard Engle is very informative.
https://msnbc.com/the-last-word/watch/breaking-richard-engel-on-reports-of-attempted-coup-on-putin-in-russia-184441925759
Yes, For a change, CNN is a…
@hank Does a 1035 exchange ring a bell? Still valid.
@catch22 - Nope. Simply a “403-B Custodial Transfer.” Odd in the sense that you were still making systematic contributions to the workplace plan and yet could turn right around and transfer that…
“401k for corporations came later and accidentally. ”
That’s an invitation for further demur ... There were likely many reasons for the 401-K’s emergence - by and large workers’ welfare paramount. But a skeptic might suggest some of the motivation …
I could lay out some bizarre possibilities here (covert in nature) - but will refrain.
The Wagner general is known to be a hot-head who often criticizes the Russian military brass and political leaders. But this is a bit extreme. Taken at fac…
”Many school districts just handover their 403bs to annuity companies and their salesmen to feast. It's a jungle out there.”
Yes, the term “TSA” is testament to the importance of annuities to early 403Bs for public employees. I’ll double-check, but…
Annuities just don't make sense to me: the money ceases to be yours, and it becomes THEIRS. A charitable annuity for X amount may be a nifty way to give to a favorite charity, however. Better when rates are higher.
That’s been my opinion over the ye…
@Baseball_Fan likes to ”bait” folks a little I’ve noticed. :)
That’s OK. Just don’t swallow it hook, line and sinker. I do enjoy his posts most of the time. Has some interesting (albeit conservative leaning) perspectives on the markets and inves…
I saw that top 25% of AUM were the huge high-flying tech stocks too. It makes me hesitate to add-to this ETF at this time (I did buy a few shares on the 2nd day to more easily monitor it's progress). All, except GOOGL, have 14-day RSI scores around …
.@yogibearbull: I admire your work from which all the members here benefit. I also wonder how you get all these data and links out so well and so quickly. The answer may lie in your experience with your new dishwasher. From my reading of your tale I…
ISTM you’re being a bit overly harsh Lewis. It’s a sensational story. Five guys get bolted into a tin can and descend to unimaginable depths to see the fabled Titanic. It’s really dark and dangerous and cold down there. I think that’s most of the …
