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.
” The average stock market return is about 10% annually in the U.S. over time — but realistically, that figure varies widely from year to year, and it’s more like 6% to 7% when accounting for inflation. For context, it’s rare that the average stock …
“ Did no one rtfs?”
I did a quick read of the advertisement / article. Was only allowed to access it once on M/W and was cut off from subsequent reading.
This did not seem to be written in any kind of objective manner. Those who read the WSJ, …
At the very top of the page, in very tiny letters, appear these words: Advertisement
(bold print mine)
I’d be very careful investing money on the basis of an advertisement, whether published on Market Watch, The WSJ or anywhere else. Not say…
Market fell over 1% today due to fear of more rate hikes in coming months.
But gained better than 2% today. Fed seems to be trying to splash cold water on the rally of late. But few appear to be listening.
Gold’s closing in on $1900 - highest l…
Catch said:”Go for that new guy........you know; liar, liar pants on fire.......Santos The Majestic”
Geez Catch. Does this mean you don’t believe in ”Santa”? :)
I did that maybe 15-20 years ago with a Summit fund held directly at TRP when I believe the entry point was $25,000 - and it worked until I eventually sold the fund and moved on. Recall one of their (previously very capable) phone reps suggested …
Hi @hank / What is the 'no longer identify specific stocks' part mean? Referencing to what is held inside the etf?
Hi @catch22 - Several months ago I decided (and noted here) that I would no longer identify specific stocks I own. I’ve adhered t…
About as extended now as care to go. The % held in the ”fixed-income” segment serves as a “gauge” of how much risk I’m undertaking. 22.5% of portfolio would be neutral. Today I took it down to around 19.4% in picking up 100 shares of one of Cathie’…
Learned from past drawdowns that losing to a lesser degree provides a shorter time to fully recover and respond appropriately without triggering panic selling. Some funds may take 4-5 years just to reach breakeven point. Kind of like the hare and to…
With respect to PRWCX’s time horizon, Giroux stated several times that he invest with the goal to match the return of S&P500 within a full market cycle but with less volatility. He has done that more than once. Question is his fund is much big…
”Also, the trial should be interesting. When will you ever see Larry David, Tom Brady and Shaq in the same room together again?”
A public trial would be hilarious, as David emphatically demonstrates antipathy towards the product near the end of the…
@LarryB - I took no offense at your “couched” suggestion. As I said earlier I think it’s “a bit too darkly suggestive.” Sometimes it feels like walking on eggs around here. :)
I sold PRWCX mid-year after owning it since the 90s. Not because I don…
Maybe 50/50 HSGFX/BRK.B? Dunno
HSGFX +17.3% 1 YR
BRK.B +2.7% 1 YR
Combined: Performance +10%
Nice going @BaseballFan
Now - Please advise on where to put our money in 2023 :)
I had an investment with Dodge a number of years ago, but left when they carried a heavy load of financial & got toasted in 07-08 .
Yes @Derf. I remember it well.
The last thing I would ever do is try to steer anyone into any particular fund.…
I’m resurrecting @Bobpa’s thread from last January so we can check the score card and see which board guru’s predictions were best. @Bobpa wondered how you would invest (gamble with) a lump sum of money.
- One of my picks, ARKK, finished the year …
@hank ; I see DODBX had a rather large CG !
Added : Have you held this fund as a long term hold, say over ten years ?
Umm CG? Is that something good?
I’ve owned DODBX for about 20 years - the same amount of time I’ve been with D&C. It’s just…
First: Thanks for telling me what I think.
Additionally: I simply was sharing a newsworthy story.
@Crash - An apology to you if my remark appeared personal. Wasn’t meant that way. I appreciated your OP. The story belongs here on the board. Wha…
Lots of studies / articles written over the past couple decades re the accuracy and usefulness of IMF predictions (detractors and supporters) if anyone wants to do the digging.
I’ll defer to the wisdom of Yogi Berra: “It’s tough to make predict…
“I might point out the esteemed Mr Giroux’s interests and motivations don’t necessarily align with individual investors.”
I think that’s a bit too darkly suggestive. But it does raise an interesting question of what the primary motivational facto…
Would it be fair to suggest that Donald Trump has succeeded in lowering whatever passes for "standards" in the Republican Party to his own personal level?
”What a tangled web we weave …”
Another question - What does it say about that district’s v…
@hank, I saw LB's article. All I read is saying it may be or may be pretty close to thinking it may be time to consider bond funds again.
@MikeM - Yes, LB’s article seems to make the case for bonds - particularly floating rate types of lower credit …
”The other issue is that the global economy and global securities markets are two separate things.”
Yes (emphatically).
I also find that we here, and the media as well, tend to focus on the United States. There are other important economies out…
"I even have a few passwords that I don’t write down or file anywhere"
Exactly why using old telephone numbers that you already have stashed in your memory works well. Using the entire exchange name prefix with the first two letters capitalized plu…
A little off topic, but lately I’ve encountered frustration over Apple’s IOS operating system attempting to create passwords for me when, like Old Joe, I desire to create my own. Sometimes this screws up the process. For less sensitive sites I’ll l…
Ain't THAT the truth!
More importantly … Do you care what the IMF thinks? How much are you willing to (or planning to) alter your long term investment plan to accommodate their thinking?
We all engage to a degree in confirmation bias - the tendan…
Good question @MikeM … Mine is not a direct (or likely helpful) answer…
Since mid-year I’ve preferred intermediate term investment grade bonds over cash. In particular I’ve used the etf GNMA as a cash replacement. Not because I hope to make an…
Thanks @Catch22
From Whitman: “The ship has weather’d every rack …”
Owning bonds / bond funds felt like “bow-shock” aboard ship or plane all year long. The talking heads and market gurus I monitor mostly speak optimistically of a splendid 2023 f…
Topic has certainly broadened. First experience in a 100% robotic car wash yesterday. Payment is via touch screen with a remarkably human-like voice. Damn good wash, wax & dry for $10. It’s cold here. So the big doors open and close automatic…
Young kids here - under 60 - probably won’t remember how “revolutionary” / “earth-shaking” it was when Walters was given a co-anchor job on ABC news. Demonstrates how far we’ve come as a society in garnering equal rights regardless of gender since t…
Nice summary @Yogibearbull
In the “Broken Record” section … from Elizabeth O’Brien:
“Check-List for a Recession / 4 Steps to Prepare Your Portfolio for a Recession in 2023”
Haven’t we played this one before? :)
I’ll miss her. Airs too early here. But often watch the show later in the evening from the archived shows on PBS. None better IMHO. Class act right up until her retirement!
@Old_Joe - I know you to be a very deep thinker. The last “blow-off” comment in my post wasn’t directed at you personally - but was merely an afterthought from someone with no expertise in advising others on investing or intent to do so. The first…
There is lots of red in that chart - not much helped in 2022! Hopefully, 2023 will be a better year for investors.
While the historical contexts are very different, I can’t help thinking on the last day of the trading year of Whitman’s opening lines…
