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.
@Old_Joe - Assuming AAA rated bonds and bond-like securities (including CDs) of the short to intermediate term variety compete to some degree in the marketplace for investor inflows, does the following help explain what has happened to CD rates of…
If I understand @Derf correctly, he didn’t post the comment …. but yet it’s under his name … ?
Also, sounds like he’s tried to “edit” it already. Gremlins? Or another “Derf”?
But (per @Catch22 and @Sven) it is a relatively easy matter to edit o…
Having mental health issues is no excuse for being a ”MAGA Nazi jerk”. But it might shed some light on this guy’s erratic and seemingly self-destructive behavior.
The 50-year-old Tesla and SpaceX CEO, who first publicly disclosed that he has Asper…
Apparently, individual investors net/net have been buying TSLA while institutional investors have been selling.
A blurb from today’s WSJ:
”Still, individual investors have been doubling down, purchasing a net $16 billion of Tesla stock this year…
Interesting take on inflation’s effects in today’s WSJ:
Inflation Takes Biggest Bite From Middle-Income Households
”Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest. Many low-income househ…
Unfortunately, @Bopa appears to have deleted most of his original content (OP) on July 31. The intellect here is so massive that a great discussion has ensued for nearly 5 months afterward. :)
I can only say that I’m glad I retired nearly 25 year…
Pulled a wee bit out for my estimated 2023 needs this week. Just moved it into Fido’s mm fund for now. So it’s all “on paper” for time being. Fortunately, all my 2022 needs were socked away in late 2021 when markets were a lot higher. Not the case…
What I’m wondering about is the potential for a hedge fund or other big player to move markets near-term for their own benefit - especially by slanting the 24-hour news cycle. Albeit, a human reporter could also do it. But there seems something p…
@hank- Yes, but seriously, those "AirTags" have been be misused to track the location of individuals without their knowledge. They have been placed in vehicles or even in purses or clothing and then been used to track people without their permission…
TWU Local 556 President on Southwest's canceled flights
The above is an NPR interview. There’s a written transcript of the full interview. But also, at the top, there’s a link to the (6 minute) audio version, which I found more compelling.
Once…
Re: TSLA
YTD -72.7%
1 Month -40.36%
Today -11.41%
(Numbers from Google)
ISTM @Sven ‘s original question has been largely answered. Your exposure to TSLA has now been diminished whether you did anything or not.
Began tracking TSLA a week or s…
Great quote @Mark. In general that quote has the same meaning in all processes. It's a rule for statistical process control in manufacturing which was the basis of my working career.
Trying to make constant adjustments to short term events can neg…
Good quote. We’ve all heard many of his others: Like “Rule #1 - Don’t lose money … Rule #2 - Never forget rule #1.”
Elsewhere he’s said you shouldn’t buy anything you’re not comfortable holding for 10 years. It strikes me that one’s a bit problem…
@Old_Joe -
Yup - It’s complicated. My reported comparison was just a rough sample. Results may vary. Knowing how short in supply labor is I have to believe that’s a big factor for airlines / airports because of the intensive use of manual labor …
Checked any airfares lately? Today I applied a $425 “e-credit” from a flight cancelled by Delta in November. I used it to purchase essentially the same flight on Delta in March. The new ticket cost over $700. Shopped among the 3 carriers that serv…
Season’s Greetings to David, Chip and all. The 27 meals constitute ”necessary seasonal stimulus”. Inflationary consequences may be addressed later ”on the cycle.”
”Is this a topic that this group can include or is it off the table no matter how real it is?”
@LarryB - Depends on the “group”. I have no trouble with you raising the topic on a general purpose Twitter or Facebook page. Nor do I object to your ri…
And @hank can pretty much plan on snow in his part of town. I'm sure the snow blower is already tested and ready.
@Catch22 - Shucks. I’ve nearly worn the blower out this year already. There was the 2 feet that fell before Thanksgiving. And than…
+1
I’ve been waiting for this one the past couple weeks! Thanks so much @rono for keeping this great holiday tradition alive. Peace.
Folks - If you haven’t watched the original “Santa Clause” with Tim Allen, it’s funnier than hell once you get in…
To cop a line from Phantom of the Opera - ”These things do happen” ... :)
BHP is down slightly today. Worth noting - It is down about 5% the past 5 days according to Google.
Friday was a big quarterly options expiration date. Likely played a part.…
”A few hours after the policy was announced Sunday, Musk appeared to contradict it in a tweet that said, "Casually sharing occasional links is fine, but no more relentless advertising of competitors for free, which is absurd in the extreme."
If Te…
@hank- Didn't know that fiber had gotten there. How do the prices compare vs Starlink?
@Old_Joe - Am near the end a dead-end road along Lake Michigan. Very remote area. A local utility started running fiber out here about 3 years ago. I guess the …
Thanks @Sven. Good read. I don’t know what to think. But I think Marks would be the first to say his approach isn’t for everyone. Apparently VG didn’t see the merit. Likely his fund had relatively high expenses. Different strokes for different fo…
Have it your way @Mark. If “understanding his concern” rubs you the wrong way, I’m sorry. A lot of things are public knowledge. Doesn’t necessarily mean they bear repeating on Twitter or MFO or anywhere else.
I’m delighted to be posting using St…
Nice to see @Junkster posting. Double-checked that number. And it’s accurate (according to the article) as previously stated. However - I misstated the time period being measured and have corrected the OP. Two things influenced the lower number o…
No strong opinion on this. Certainly don’t approve of the changes he’s making at Twitter. To the extent he was genuinely concerned about stalking / tracking public figures I’d have to say I also agree with the concern. Hell, the wingnuts were atte…
Thanks, @rforno.
@hank my single stocks still comprise a bit less than 10% of overall total.
Just under 9% individual stocks here. Did cut back in recent weeks as noted elsewhere. Mutual funds comprise about 70%. Remainder in ETFs and a couple…
Agree with @MikeM that stocks are tough for small investors. Long term, personally, I’ll take good low-cost actively managed funds over anything else. I presently have only 4 stocks. A couple very small holds in metals / mining. Need to trade …
Adding on to what @Crash posted …
Financials have had a tough year. I played with a couple banks earlier in the year and avoided getting burned too badly. They seem to have sunk again after I bailed a month ago. Too hot for me. The problem seems t…
Is he talking about his Sea Change memo?
I’ll save folks a few thousand words of reading. The ”sea change” comes at the very end of Mark’s memo:
“We’ve gone from the low-return world of 2009-21 to a full-return world, and it may become more so in t…
On a volatile day, ALL volatilities were DOWN: stock VIX, VXN, RVX; bond MOVE;
EM VXEEM; gold GVZ; oil OVX. In fact, several crashed by 10% or more.
This was also unusual.
Agree. Strange day. Dollar must of gotten hit hard on the prospect of lower …
@BenWP - Re ”Skyfaring: A Journey with a Pilot” by Mark Vanhoenacker
Thanks for the tip. I picked up the audible version. The author flew the 747 and seemed to have an affection for it. Agree it’s a fascinating book. I love aviation. Suspect we…
Don’t know much about Zulauf. Runs a consulting firm. Lives in Switzerland. Writes a newsletter. ISTM he was a member of the Barron’s annual “Roundtable” for many years and was a lot more pessimistic than most other members, including Gabelli and Co…
”The overview remains for me, as from 1978; that we invest in an ever dynamic market place that has more nuts and bolts today, than in the past, IMHO. Use the best tool box one can manage to understand to keep those nuts and bolts holding together w…
