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MikeM
I know you are not a fan of his, Mona (understatement :) )
Another Bills fan!!! Junkster just sent me a note saying the same. GO BILLS! They will be right down the road from me when training camp starts next week at St. John Fisher College. But tickets sold out in hours, so I won't be going. Are you from the area, Western NY?
Former billionaire (just a couple of days ago) SBF is reportedly bankrupt
Ha, and I thought my portfolio was down.
Whatever we think of Crypto now, and I agree it seems to be like playing Russian roulette in the wild west, some form of this techno…
... (he) Doesn't like the way that the world works. Well, neither do I, but what point in whining about it
Agree @Old_Joe, the ranting does get a little tiring. What do we want to go back to, looking at the daily news paper for stock results, dialin…
It sorta looks like he thinks he can do whatever he wants without facing consequences, let the chips fall where they may (invariably on others). Gee, that rings a bell.
:) I was thinking the same thing. I just hope Musk doesn't get the power-hungry …
"Simple" was suppose to be 'set the SWR, increase by inflation and forget-about-it'. Hopefully you would have used some probability algorithm like Monte Carlo to give yourself some reassurance of success rates. Taking a 25% cut in pay because your …
The question on AKREX is a good one. A great fund for it's 1st 10 years with Aker managing. Hasn't been great since Chuck gave up the lead. Maybe this fact is coincidental but it certainly is something to point to. I have owned it for a while, but I…
This is a question I don't have an answer to, but is there any reason going forward to think bonds and equities would not continue to walk in lockstep? They seem (I don't have proof) to be highly correlated in direction this past year. If they are c…
Thanks @yogibearbull. Very nice write-up on CDs. Personally with interest rates equal, I'll stick to CDs for continuity. But at least now I will keep an eye on the treasury market to compare which rate is better at the time.
Thank you for answer…
I'm trying to figure out what the allure here is for Treasuries versus a CD. What am I missing? Looking this morning in Schwab, one year for both is 4% . I have a CD maturing in a couple days and I'm wondering why people are choosing the bond over C…
Hot inflation report. Stinky doggy poopies
And the good news if we can find any, the social security increase for 2023 is, I believe, based on these 3rd quarter inflation numbers. Small conciliation I know.
@johnN, loading up on FNGU made me think of these lyrics from one of my favorites. Good luck! :)
You may be right
I may be crazy
Oh, but it just may be a lunatic you're looking for
Turn out the light
Don't try to save me
You may be wrong for all I …
Small-caps are too volatile for me
Be careful out there @Crash. Many of the individual stocks, MLPs and sector ETFs I notice you posting lately are at least and often more volatile with greater max drawdowns than say a standard small cap index fund …
There is such a large difference between SCV and SCG. Like apples and oranges in risk and return. You will really have to pick your preference when adding to your portfolio.
FWIW, I hold GPGOX on the global growth side and QRSVX for the sleep easy…
@AndyJ, Something to think about, I've read there is a lot of research going on in the battery industry to eliminate the use of lithium. It is a limited and very expensive Chinese dominated commodity and a big hazard to the environment, so I would t…
Hey @hank. I'm not against alternative funds perse. Hell, I have (TMSRX) held them and do own them now, BAMBX and commodity ETFs DBC, DBA, COM, IAU. But when do these winning alternative funds get mentioned? When do they come into MFO attention? - w…
Thanks for the feedback @hank. To be clear, I'm not advocating for robo funds because they set themselves up to beat market returns. That are meant to capture market returns. What I like about them is they stay consistent with a diversified portfoli…
You are absolutely right @yogibearbull. The average 12%, most accounts, invested in cash has been a drawback in returns, but on the other hand has been beneficial in 2022. I've always understood the cash investment is how they keep expenses at zero…
@crash, the concept is absolutely beneficial to most investors. Similiar or possibly better returns than retirement or target date funds. The application and results may differ as shown in this ranking.
This may not go over well, but I'm guessing …
@Crash, do you know that TRAMX has significant holdings in Saudi Arabia, mostly in the financial sector? From a pure investment approach that is not a problem of course. But I know you are a strong-on-ethics guy, so I thought I'd mention it in case …
Hi @Bobpa. Interesting concept but with this company not having much of a tract record, I guess I wouldn't invest much into it. But who knows, maybe this Simplify company will have some magic scheme to do what they say; FIG is a modern take on the …
Yes I do bet on the Bills @Derf. I usually do a straight up bet with a Dolphins fan (that's been the easy one), a "who has the most wins in a season" bet with a Rhinelander Wis. born and raised Packers fan (go Hodags!) and a Bills over-under total w…
My changes have not really been very significant by percentage to date but I did start rotating sector bets. I would like to progress that rotation into a financial ETF, VFH, and a health care ETF, PPH. I have been rotating to these ETFs by decreasi…
Thanks for the post @davidsherman. I've been a happy owner of RPHYX since it reopened in 2020 (waited years for that reopening :) ) and earlier this year started to invest in SPC. Being a new fund, the investment in SPC comes from trust in your mone…
David Giroux was the final contributor. Probably no surprise that he sees much value in the markets and has been spending down dry powder and adding equity positions.
So, I guess I've been buying :)
Ah, the age-old question @Bobpa. I agree whole-heartily with hank. Portfolio diversification is more important than number of funds, at least, imho. Holding 30, 40 or 50 funds can certainly be a diversified portfolio, but likely any 1 holding at 1, …
Commodity prices could be falling per lower demand, slowing economic growth, aka recession.
Excerpt from Barrons article, this weeks edition.
Commodity Prices Are Dropping. Why That’s a Recession Red Flag.
Many commodity prices—oil, wheat, and co…
Have been slowly scaling out of behemoth PRWCX. Down to a “foot in the door” hold. Likely to exit if the markets remain down and I decide to risk-up.
@hank, you certainly are a contrarian :)
For the past decade+, this has been my 'set it and forge…
Further, which investments are likely to prosper during the next chapter as the recession eases and growth resumes?
@hank, a real good question that may even need its own thread. I'd be positioning for recession now. Growth after a recession may be …
The difference in hedge timing being the only difference in funds must be the difference in return, but why? Is it just coincidental, lucky that JHQAX has a better return or does this hedging strategy for some reason work better when it buys and sel…
I'm thinking this damn cat is going to bounce a few times before it finally hits bottom, whenever that is. Throw in all the things that go along with inflation and rate hikes to compensate, house sales slowing down, rents increasing big time, energy…
@hank, TCHP looks a lot like QQQ to me. Same stocks, slightly different distribution. I don't have the stomach to be contrarian and move into tech right now. That said, I did buy a little AAPL last week, but paid for it by selling a couple VERY big …
Mike, In your experience buying CDs at Schwab, have you been "docked" in any way for the "float" that Yogi is referencing?
@dtconroe, no, I don't believe I've ever been "docked" anything for purchasing CD's through Schwab. I understand the talk abou…
Thank you for the update @dtconroe. I also buy from Schwab and what you state has been my understanding over the years. Schwab clearly states that all banks on their new issue list are covered by FDIC. Because all the banks listed are FDIC insured, …
I agree about the M* rating @BenWP. Thank goodness for reviews and descriptions like David Snowball offers to understand what you are buying and how it fits in a portfolio. I cringe when people call anything but a MM or CD a "cash alternative", but …
