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.
Lately, it does seem that God tells people to go out and become billionaires more often during their epiphanies than He tells them to give up all their material wealth and preach the gospel in the streets to the poor. It’s all part of His divine reb…
“At some point there’s going to have to be recognition of that. At some point there’s going to have to be some kind of beginning of negotiations, as [Ukrainian] President [Volodymyr] Zelenskiy has said, will be the ultimate end.”
Thanks @Old_Joe.…
@Baseball_Fan -
What is your advice for a 25 year old working individual who has a 401-K tax deferred option available at work and who does not expect to need to withdraw any funds for at least 40 years and who likely will not need all the funds fo…
From JohnN’s above post:
“ … long term investors absolutely need dca /buy now.”
I suppose it depends on your definition of “long term investors” - among other things.
- If 25 years or more from retirement / needing the money one might ask why t…
I’ll concede that HSGFX is not a bear fund. But if one examines the record they’ll see it hasn’t done well in strong equity markets since inception. It started with a “bang” its first year and money flowed in. That was followed by about a decade of …
“Anyone care to comment that Hussy, HSGFX is in fact AHEAD of PRWCX for the past 3 years now? What's that, oh go back more years, ok I get it, I hear you, fair point, but let's see what happens going forward when the CBs globally are not pumping in …
PRSIX (“T. Rowe Price Conservative Allocation Fund”) is down 17.14% YTD after today. A good bell-weather to watch. I’ve followed it for years and have always admired the firm’s demonstrated management prowess. It’s highly unlikely the folks at T…
Excellent article linked by @LewisBraham Thanks. The question as to why Russia would want to contaminate an area they claim as their own has occurred to me as well. OTOH - watching Putin leading a pro-Russia rally on the evening news tonight mig…
Agree. That would be an extremely black swan. I perceive some of the war related risks are priced into equities now - but not all. One can run the N scenario to whatever extreme one wants. Should the worse occur (total destruction of the human…
If there were anything to it, Bloomberg would have been all over it. (They weren’t).
Than again, things are unraveling quickly. Should some ancillary damage along the lines of what the UK experienced show itself - who knows? DJI was positive tod…
My jesting a few days ago (in response to @Derf’s question) about heaving the ship’s deck furniture and than lifeboats into the boiler to keep the ship sailing had a practical intent - possibly overlooked. The point was - as an investor’s ready ca…
As I recall, that was done in 2008. Suspect the measure will pass if the market slaughter continues. Politicians might find it hard to oppose such a seemingly egalitarian measure. Most of my $$ is either in Roths or outside the tax deferred umbr…
Fido’s website was a bit messed up this morning. I had trouble directly accessing my “transaction history” to see what price I’d sold a fund at few months back. Found a work around. There was a message displayed to the effect that volume was “very …
The news broke around 5-6 AM this morning. U.S. markets were down slightly, but quickly turned around. I nearly added to a pm miner in pre-market when it was depressed. But before I could, it began rising. :)
GDX Mining index has been running +5-6%…
Bloomberg is reporting that England’s central bank has been under pressure in recent days from several defined benefit pension funds that rely heavily on longer dated bonds. Some were becoming insolvent and in danger of collapsing. Points to the k…
@hank : to go along with my above comment, checkout Salt & Pepper or vice a verse a @ WSJ 9/27
@Derf, You might be interested in this one from the WSJ 9/26:
“Buying the Stock-Market Dip Is Backfiring. Investors Keep Piling In Anyway.”
- By Gu…
Bonds were so weak today, 9/26/22, that several allocation funds lost MORE than SP500. Here are several familiar ones:
Moderate-allocation BALFX, DODBX, FBALX, FPURX, VBINX, VGSTX, VSMGX, VWELX
Conservative-allocation TRRIX, VTINX, VSCGX, VWINX
…
Thanks @msf for that comparison. I was thinking of the highest grade bonds (government agency or government backed) when I alluded to bonds holding up well when stocks are falling. Should have so stated. And, my intent was to reference equity bear …
“GM Steps Back on Return to Office Policy” (after worker backlash)
https://www.freep.com/story/money/cars/general-motors/2022/09/27/gm-return-to-office-detroit-work-appropriately/69520262007/
Larry Summers came very close on Friday’s WSW (Bloomber…
It’s perhaps the oddest year I can remember. Generally, falling equities are good news for bonds. Real assets / miners haven’t held up any better, though a wee bit of green in that segment today. 2008 was worse for equities, but at least AAA bond…
Sad if they can’t solve it.
Recent news blurb:
“Despite the issue on the component, JWST’s imaging, low-resolution spectroscopy and coronagraphy are not affected and are still continuing. Thomas Zurbuchen, associate administrator for science at NA…
Notice how @Crash’s handle fits so many topics that come under discussion here?
I guess NASA did a better job crashing DART on an asteroid than it did building a flawless James Webb.
Bonds were so week today, 9/26/22, that several allocation funds lost MORE than S&P500
Ditto. Caught my attention while scanning a watchlist I keep. VWINX -1.26% / VFINX -1.03%.
Thought about shifting a bit from my GNMA (etf) into a mining s…
In 25 years NASA’s ability to alter the course of asteroids will be fairly routine. In 75 years terrorist organizations / doomsday cults may possess the same capability. Than - Look out!
Lots of great discussion. Many thanks to all who chimed in (or who may add to what’s already been said).
Frankly, I’m surprised at the continuing carnage across so many different asset classes and non-dollar currencies as well. And I may be prove…
@LewisBraham - The editors of The Capitalist should have qualified the statement with a phrase like: “purportedly remarked” or “is sometimes said to have remarked“. If Rothschild is mythical, than that too should have been made clear. I agree w…
Re - “Hey, like they say, it;s your money. do what you need to do to feel sexy, don't listen to clowns on a chat board especially not me.”
Clownish is as clownish does … @Baseball_Fan, You’ve made some great points re the current state of markets.…
To respond to your concluding question: wouldn't it depend a lot on which SECTOR we're talking about?
Feel free to slice and dice this any way you want.
As others have mentioned, the damage in bondland makes it difficult in terms of any repositioning. One example from the people at Dodge & Cox: Their DODLX (Global Bond Fund) has dropped 12% over the past year. Their supposedly more aggressive …
It helps immensely to have a “magic 8-ball” as Catch references - or maybe a crystal ball (available on Amazon). :)
It also helps to have a long term perspective (if applicable to your situation). And it helps to think of what you own (or buy) as …
“cards close to his vest” - I’d have more faith in that type than those that “let it all hang out.” Re the latter I’d wonder if they were hyping something they‘d like to dump or perhaps telling you what they were doing a month or two ago. Why gi…
