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.
”but boy is it more volatile than the gold” / That is correct. Silver is a lot more volatile. That’s its reputation among traders. I’ve never been able to get a good answer as to why. Apparently it is more thinly traded.
Most interesting. Of course it was relaying mountains of data by way of satellite link right back to China. I’m sure it was a tough call when to shoot it down. As it was, 3 airports in the area, including very large CLT, were shut down for safety …
Thanks @msf / Your math has always been impeccable. And the idea of using tax deferred money (and paying taxes on such) to do a conversion is flawed as your math has shown before. OTOH, I wouldn’t discourage someone from doing so if they felt it m…
Down to 21.5% left in Traditional IRA (compared to 100% when I retired over 20 years ago). Most now in Roths. Some in TOD. When you pull necessary funds from a Roth w/o the immediate tax-hit it’s kind of reminiscent of a Yogi Berra expression: ”And…
The first couple guests were above average. Provided the typical “hem & haw” about various assets, interest rates, employment numbers, Fed policy, etc. Neither went out on a limb very far. What caught my attention was the gal who recently succ…
Most hedges fell apart today. Some consumers staples did well. Watched a gold & silver miner I’d sold a few weeks ago off & on - but didn’t bite. It’s only down a couple % since I sold it. Some predominately gold oriented mining funds lo…
Looks like my backyard minus the ship.
”There are strange things done in the midnight sun
By the men who moil for gold;
The Arctic trails have their secret tales
That would make your blood run cold;
The Northern Lights have seen queer si…
That's the original, not the sequel or rebooted ones!!
Photo pretty much sums up the day - “On the rocks.”
I’ll say the ice looks appealing … in a somewhat different context however.
Wouldn’t ya know? Apple’s up nearly 3% today (with NASDAQ down 1.5%). One of the few things I watch that’s up today.
Strange day. Broad based selloff - equities and bonds. Gold’s off more than $50 to around $1860 - one of the biggest one-day dol…
Probably stating the obvious here - but the waivers became necessary several years ago as short term rates sank to near 0 to keep money market fund yields from potentially going negative. I get the print version of Barron’s. Don’t recall seeing the…
”Don’t think I am going out on a limb here by saying … the bulls will finally be in charge … If there is a worry, it is what wall of worry is left to climb as price action recently has usurped any and all of the walls.”
Thanks @Junkster. Wasn’t …
Whatever Powell said, it sure turned markets around. Most everything’s popping after a weak morning. The 10-Year Treasury has fallen to just over 3.4% having been over 3.5% earlier this week. Gold modestly up to $1960 - but nice 2%+ pop in the miner…
They had some pretty decent stores in northern Michigan. Used to visit / shop in them occasionally. But, how does one compete with the likes of Amazon? (on small appliances especially.) And with inflation, it’s likely now that more low-income folk…
@MikeM - Thanks for clarifying. New to brokerages here - but notice that Fido puts up “gain” & “loss” figures for individual holdings, as well as total invested sum. Doesn’t move me a lot. It’s the whole ball of wax with all the parts workin…
Yes, of course. Don’t follow right wing propaganda. But they’ll twist / distort the truth any way they can. False “equivalency” very common on many levels.
I still think something doesn’t sound right with the whole bleeping episode. Was Baldwi…
Glad to see @MikeM keeps such punctilious records. FWIW I record only year-end portfolio change. As long as my office app doesn’t get hacked, I’m well fortified (with numbers). But couldn’t tell you what happened in any particular month. Of cour…
@catch22 / Above, @MikeM and I were discussing when the S&P “peaked.” My earlier statement that it was in early 2022 was cast in doubt. Mike said late 2021 - which Wikipedia seems to agree with. But now, I come across a CNN article saying it pe…
I think +0.25% rate rise is baked-in. Was the ending on 31 Jan before the market-closing a reaction to yesterday's stinky poopy day?
I think the markets were (prematurely) celebrating tomorrow’s FOMC decision to raise the overnight lending rate by…
From CNN
”The top index of US stocks hit an all-time high in January 2022. It was downhill from there. The S&P 500 lost 19.4% over the past 12 months, notching its worst year since 2008.”
Strange? Is CNN wrong here - or are we possibly talkin…
@hank, actually, the market peak was around early Nov, 2021. Downhill from there. At least by my accounts.
Thanks @MikeM. You’re correct. November 8, 2021 for the S&P. Wikipedia S&P Closing Highs
Markets did climb a bit very early in 202…
ISTM the Barron’s (Roundtable) gurus made some predictions on where the S&P would end this year. Ranged from a low at / below 4,000 to around 4300 (David Giroux on the high end). Sorry - have scanned the back issues and can’t locate those predi…
They should start charging people for all that free advice they’re always handing out for nothin. No wonder profits are slim. How can you make money giving stuff away?
Hindenburg specializes in blowing-up companies. TMK there’s usually a factual basis for their claims. But be aware they’re biased against the stocks they short. Did a real number on DKNG about 2 years ago (not that the stock needed any help skidding…
” … the knowledge gained and the monetary reward pays the cable bill over and over. Money very well spent.”
Yup - Sounds like “the nuts and bolts” of it … :)
+1 @catch22
Just curious - Desai recommends CPREX, a real estate fund. Darned if I can dig up anything on it from multiple sources and / or trackers.
Morningstar, for one, says, ”Like guarantees of future returns, this page doesn’t exist.” :(
”All Barron's Roundtable interviews were done in NYC on January 9. Info is released piecemeal in 2-3 weekly installments (3 this year).”
Thanks Yogi - Should have checked date of interview. A bit surprised it’s that old. So much has happened in bot…
Some thoughts on bonds from David Giroux, manager of PRWCX, in this week’s Barron’s:
* “My last recommendation is a bond. I echo the view expressed here that fixed income hasn't been this attractive in a long time. We invest in high-quality high-y…
Don't look now but ARKK is up nearly 20% YTD. A lot of that might be due to TSLA but I hold neither.
You don’t really “hold” those kinds of investments. More like “riding” them.
About -15.4% off on the S&P 500 from the high of 4796.5 set in January 22.
Possibly what @Junkster referenced … S&P Value Index:
Ticker SVX - “We measure value stocks using three factors: the ratios of book value, earnings, and sal…
It’s been a decent run past month or two. I realize most don’t pay much heed to the DJI. But I’ll note it’s near 34 K - Not too far below where it topped out in early 2022 - around 37 K if I recall. Of course the S&P and NASDAQ still deep in t…
It sounds like some AARP discounts may be worthwhile.
I'll probably join and test them out for a year.
Not a bad idea. You get a real solid plastic card with your information & expiration date imprinted on it - not some flimsy paper piece of …
”According to a Bloomberg TV report, the chaos has been traced back to an employee who accidentally left a backup system running at the NYSE. The system helps to prevent disasters, but in an ironic turn of events, it ended up being the cause of Tues…
Been member 25 years. 3-year memberships cost little.
I don’t use any of the “benefits” except that on very rare occasions it has gotten me decent discounts at hotels (5-10% off) that offered no “senior rate.” However, 90% of the time there’s …
@MikeM - Giroux
Photo of current Barrons ”Brain Trust” at work making 2023 predictions (Barron’s Cover / January 23, 2023). The numbers I earlier cited for Giroux’s 2022 picks appeared in the January 16 issue. Abby Joseph Cohen and David Giroux…
“Wonder Boy” didn’t exactly set the house on fire.
GE - 17.1%
BDX + 4.0%
TMO - 9.1%
KDP - 2.9%
TEL - 26.2%
AMZN - 48.3%
(1 year returns including dividends)
