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.
I can handle 1 or 2 bottles of Chivas a year. On the sweet side. But a decent change once in a while at around $36-37. I remember about 40-50 years ago when I was 25-30 spending a couple nights in a Gainesville Fla. Hilton. They had a machine right…
Re Scotch Whisky. It’s the only spirit I like and enjoy sparingly with some meals.
Nearly empty is a bottle of Glevenlivet 12 Year. At over $50 I don’t find it that much better than their cheaper Founders Reserve which ain’t bad at all. On the st…
:) I wasn’t recommending bonds @BaseballFan. I’ve slowly shifted away from bond exposure over the past year or two, favoring equities (both funds and individual holdings) over them. Re bonds - I’m fairly certain you’re right longer term. It woul…
I kept wanting to compare him to a recent and infamous X Pres. The bluster and disregard for conventional norms are there as is the diminished mental capacity. But missing (in the latter) is the “self-made” part.
Sounds like folks are defining “allocation fund” rather broadly. No problem with that. But tactics employed can vary substantially. I’ve long considered PRWCX closer to being an equity fund. Doubt there’s much limitation there on % equities allowed…
I’m not sure “thanks” are deserved here … @JohnN.
Generally, I’d stick with a diversified long-term portfolio. What I’d argue against is trying too hard to “read the tea leaves” and making big changes (ie buying / selling) depending on what you t…
May I humbly suggest that if one only bought equities when public sentiment was highly positive and typically sold when public sentiment (including that of TV gurus) had grown pessimistic he’d have a lot less money.
Implicit in the comment that "the Fed hasn’t a clue what they’re doing" is the suggestion that someone else does have the answers. I really doubt that.
“The blind leading the blind?” Gosh, things are worse off than I imagined. :)
ARKK is now down more than 60% for 1 year. Fell 5.92% today to close at $44.69 and than dropped about 30-cents more in after-market trading tonight, ending the week at $44.38
Just listened to Wall Street Week’s opening 20 minutes. Two knowledgeable…
.Your's is on back order then, yes ??????????????????
Was all set to write a check. Than saw they’re sold out until 2024. Too long to wait when you’re 76. That’s well beyond “mid life crisis” …..
(Maybe just “crisis”?)
Nasty.
Only area I track that held up is consumers staples. Non-dollar assets got clocked. So did investment grade bonds. I don’t track HY - but can’t imagine they did any better. Oil was up early but fell back. Miners of all variety, including p…
Thought I’d correct my earlier info. Actually the light is 7,000 lumens (not 750). Appears to pull 80 watts (12% of what the old halogens did) Found identical lamp at Amazon, but with a Stanley branded name and yellow rather than red colors.
Sorr…
Thanks OJ. My first impression was it was perhaps a unique feature of that type of LED light. Never had one with the grid pattern on the lamp surface before. Probably a couple dozen little squares on the face of each lamp. It took a lot of conce…
hank
Still good with proper operation of the LED array?
Sorry Catch. After 10-20 minutes yesterday morning the light seemed normal or “almost” normal. Limited use. I’ve been so busy running the logsplitter outdoors / hauling / stacking I haven’t h…
When … the printer commented on Dexter’s lack of punctuation. Dexter then decided to add a new page, solely presenting 12 rows of punctuation marks with the instruction that the readers “may peper and solt it as they plese”
Funny. The style seems…
Wow! Hopefully I’ll learn to put up with the light. Yes, the garage, while detached from the house and having its own breaker box, is fed from the same “main” outdoor power panel mounted on the side of the house. HD actually had a brighter 1,000 …
Hey Catch / After it had been on 10-20 minutes today the issue seemed to clear up. I suspect you’re correct. The garage has its own 240 / 120 volt power supply. Other things operating? Yes, I’ve an old plasma TV out there which was operating and …
Nice @LewisBraham. I’m very worried about many workers dependent on 401-K savings for what could be 20, 30 or even 40 years of retirement. I’m fortunate to have a DB pension. But those are now few and far between. And, when it comes to managing / …
+1 @Catch22 / No problem with continuing this one. Just that readers should check dates of earlier posts …
I do have a small hold in one large mining company. A lot of industrial metals including iron ore. And it was clear from the action in Asia …
Readers should be aware that any prior comments to Catch’s most recent one by myself & others are more than 2 months old. I actually skimmed some profits from miners last week - not enough it appears!
Edit: A few things are doing OK. ARKK was …
As I understand it,
“Free Ride” is buying a security with unsettled cash and than selling it again before the cash used to purchase it has settled. You got a free ride using Fido’s money. While it sounds dumb to begin with, a Free Ride can occur i…
It was @msf who helped point me towards Fidelity when I could no longer put up with TRP’s horrible service. From the VG stories, I feel very fortunate to have landed where I did. Great service. Great website. However, a brokerage account is a new e…
Listened to Summers again. He’s afflicted by the “ahh” syndrome which detracts from his speech delivery. These are known as verbal pauses. A good speech coach could correct that with some training. His delivery is also very slow. Such defects…
Yes. Transition certainly can be used as a verb. But I suspect common usage as such is rather new.
Don’t panic. Sounds like the kinds of snafus that come up when humans and computerized systems interact. There was a lot of discussion here about a y…
@hank, I only watched the first five minutes or so and likely not get to it until late Sunday. A
It would be nice to hear any takeaways after you’ve watched. Generally, the recent rally in equities seems to have surprised everyone, including most …
Did anybody get anything out of this week’s show? The first 2 guests were well qualified. The woman was from Invesco. But I thought they spoke in broad generalities. Geez - Can we stop second guessing what the Fed will do next? Even the Fed members…
This is my fear as well.
Many supporters of former POTUS believe the "Big Lie" and think this FBI investigation was politically motivated.
Alarmingly, some supporters are extremely violent and present a clear and present danger to society.
Yep - Th…
Thanks. Call me dumb, but how can we be sure he didn’t have these documents duplicated in some manner? Maybe Steve Brannon or others also have this top secret stuff?
Where I fear this is leading …
Text of full article WSJ August 12
Title: Man Who Brandished Rifle at Cincinnati Office Office Killed in Standoff
“A man armed with a rifle tried to break into the security screening area of the FBI’s Cincinnati fie…
Information on Nuclear Weapons Among Items Sought in Search
“FBI agents who descended upon Donald Trump's Mar-a-Lago estate were searching for classified documents concerning nuclear weapons that the former president was suspected of improperly re…
"Perhaps it’s time to dub Republicans the Do Nothing Party”
Party or insurgency?
From Merriam-Webster: Definition of insurgency - “the quality or state of being insurgent, specifically: a condition of revolt against a government that is less tha…
@LewisBraham - Agree with your above synopsis. I occasionally stay a few days at a resort in Hilton Head. It is inside a very large gated community along the coast with many private residences as well. A unique experience for me. I am struck by th…
Howard Marks - Which Way Now?
He suggests that rather than in/out or buy/sell, make portfolio adjustments according to own risk level.
https://www.oaktreecapital.com/insights/insight-video/market-commentary/insights-live-which-way-now
Marks suggest…
Just to update my earlier numbers. TROW fell back a bit from earlier in the day before the close. Closed at $129.87, a gain of 4.17% for the day.
When I initially posted this thread 7/10 it was $113.68. Buying at that price would have resulted…
Trump just took the Fifth in a NY business practices deposition.
In 1926, F. Scott Fitzgerald wrote that the rich “are different from you and me,” and Ernest Hemingway supposedly retorted, “Yes, they have more money.”
If you live in a clownish …
