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.
Interesting proposition. Thanks @JohnN for the post. Beyond my pay grade. I do think that as a “hedge” against a total wipe-out in equities and other assets he may be right. Nobody really knows. Returns on different assets are all relative - depend…
In the past 6 months I’ve had to phone Fido only 2 or 3 times. (d) So their website is incredibly sophisticated and able to anticipate 90%+ of your needs. But phone support is very good too. Today the Fido phone reps set a new record. Their websit…
OH, yes- he was told, and told, and told. But, you know, he's not a great listener, especially to anything that he doesn't like to hear.
First, Thanks to @Old_Joe for adding so much pertinent documentation to the thread.
It’s hard for me to discuss…
“Hog Butcher for the World,
Tool maker, Stacker of Wheat …
They tell me you are wicked and I believe them...”
(Opening lines / Carl Sandburg’s “Chicago”)
Sorry. Couldn’t resist. :)
… from what I've seen so far, I have hopes for her son, Charles. He seems to have his head screwed on correctly.
After him, though, it's anybody's guess.
Kinda points to the flaw in monarchical systems. Currently viewing / studying Shakespeare’s …
FWIW - “Phantom of the Opera” (technically not an opera) will be closing in NYC in February after a 35 year run. Sad, but not unexpected.
I have trouble even conceiving how a mere human (Andrew Lloyd Webber) could create something like that. See…
Just amazing sights from England today. The Brits sure know how to throw a funeral.
I admire the country, people and their political system. Wishing them the very best. Actually toured Westminster Abby a few years ago. Had no idea what to expect, …
yup. cosell= jerk
@Crash - You must have been in the wrong company. With Jim Beam & Bud at my side for these 9 PM games I thought Howie sounded fine. A mellow fellow. :)
Likely many on the board weren’t even alive in 1970 which is my recollect…
The sell-off has been highly uneven. So those major averages may not tell the entire story or the extent of devastation in some sectors. Folks can speculate on possible reasons. 40-45% down on TRP?? OK, I realize that follows a sizzling hot 2021. …
Retro pay? Back in my working days it was sometimes put in a contract if we had been working without a contract for some period of time. Would you rather have 3 pay raises of 6% a year or just one new raise of 18%? As it works out, you do bette…
A good friend is about to turn 93. Tough road. Husband passed away long ago. Very independent lady. Now faced with possibly loosing driver’s license after accidentally smashing into a newspaper stand in a parking lot. Funny if not so tragic. Oh - I…
@hank Good! Makes investing more interesting. I think unpredictability is good in sports and works of art, but am less enthused about it for the finances of millions of Americans whose retirements are tied to securities markets. It’s one of the re…
Good! Makes investing more interesting. As I noted in another thread, we’re likely already in a recession.
Happened to hear an interview with David Rubinstein (Carlyle Group) on Bloomberg radio last night. He foresees “maybe another 10%” addition…
Here’s a very thorough discussion of BAMBX from last November:
https://www.mutualfundobserver.com/discuss/discussion/58920/blackrock-systematic-multi-strategy-fund-bambx
In it fred495 provided a direct link to LB’s Barron’s piece. It works whether…
Thanks. I’m familiar with Louis’ excellent Barron’s piece on the fund. Perhaps I should have pulled it up again before posting.
I’ll look over what Blackrock publishes in regard to holdings. Just looking at past performance tells me it’s a pretty…
PRWCX held up quite well Friday. DODBX lost more. There were some strange going ones in fixed income as BAMBX took an unusually big hit. Giroux likes floating rate stuff, so with triple-witching there may have been some impact there. My worst perf…
Alger CEO, Dan Chung, appeared on Bloomberg Wall Street Week 9/16
His observations …..
- The stock market is a quite reliable forecaster of recessions.
- 8-9 months is the typical lead time from market top to onset of recession.
- Since markets…
+1
All true OJ. A guess would be it has to do with the speed of change (in rates). Over time people will get used to 6% mortgages or higher if their income / net worth keep pace.
I well remember the 60s / 70s as a teen age “nerd” who subscribe…
I don’t give investment suggestions @JohnN. ….. :)
Just don’t like people throwing out a bunch of largely unsupported assertions in an attempt to shutter somebody else’s stated point.
As I said on another thread, be careful. The downturn could…
Curious...do you think the technicals would indicate something like $95B coming off the CBs balance sheets and the impact on stonks, rate hikes and the impact of policy errors contributing to inflation continuning on and on....why do many think the …
Heard on the news today that 30 year fixed mortgages are now over 6%, Not that long ago they were 3-4%. That has to hit the housing market like a sledge hammer. And all those cash out refinances that went into goosing the economy would appear dead…
:)
I was moved by all this to reread the June 18 feature piece in Barron’s in which they recommend investing in any of 5 money managers they covered. All were down 30-40% back than. About where they are today. Blackrock & TRP headed their li…
@hank- Absolutely not... I thought that I was very clear on that: just hold them until this whole thing turns around. There's nothing intrinsically "wrong" with either of them.
Thanks @Old_Joe. Point taken. Generally, paying less attention to the u…
“Take a look at Schwab. Makes TROW look not so bad.”
SCHW is only off 14% YTD if my CNBC app is to be believed. It’s actually positive for 1 year.
(Confirmed the above data with a second app)
“If you own either, probably best to just forget about the whole thing until the market exits this phase.”
@Old_Joe, Are you advising folks who may already own ASML or TROW to sell them now?
FWIW - I do not intend to buy TROW at any price. Doesn’t fit my allocation model except as a possible speculative play. Spec holdings are limited to 12% of total portfolio, and that’s pretty full-up at present. No room to add.
TROW is off 43% YTD…
@ hank : Any chance Schwab could buy them ?
Just a thought, Derf
@Derf - I’ve had a similar thought, but haven’t looked at it enough to have any opinion.
TRP’s issues run deep. I’d expect a nice bounce someday, …
Just a heads up. TROW dropped below $112 late in the day. Tantalizing …
Thought about pouncing 5-10 minutes before the close. But everything I do needs to conform to pre-established allocation model. Spec is already near upper limit. So, didn’t mo…
More than false... just plain stupid.
Ditto: The notion that the poor “rule the roost” in this country and drive inflation - or any other component of the economy - is nuts. IMHO the poor are largely deprived. Subpar schools, services, political inf…
Need to spend some time learning about this new thing called a transistor.
How true. Still monkeying with the cassette deck that came with this Vic 20. Can’t seem to get the hang of saving files to it.
@LewisBraham has it right. I’d add that for as long as I’ve been following markets (25+ years) there’s been a “push / pull” between the notion that the economy might teeter into either (1) a deflationary spiral or (2) runaway inflation. A debate old…
Three excellent funds tailored for conservative investors that I track tell the story. All are YTD performance figures (from Fidelity) as of last night.
VWINX -10.24%
TRRIX -12.26%
PRSIX -12.86%
If you really want to freak out … Dodge & C…
I’ve never seen such carnage across both stocks and bonds this far into a year.. No place to hide except cash. PRWCX had an unusually rough day - off nearly 3%. No longer own. Just a watcher. Banks were hammered again today. Many major banks are n…
