Or it could be the global market leader doing what it does, and has done for a while now, and will very likely continue to do for the foreseeable future.
And NVDA's P/E is virtually unchanged. So there's that, too.
It's far more about AI than just NVDA.
IMO, the negativity for and lack of participation in the Mag 7 on this particular forum is astounding! And telling!
Disclaimer: We've been participating in NVDA via FSELX (and other funds) for a long time now and just BOT NVDA on Tues-Wed this week. We are at ~36% Tech and ~25% Mag 7, and feeling very comfortable.

I'm happy to let my funds hold MAG-7s in controlled quantities. I don't need more of them!

Or it could be the global market leader doing what it does, and has done for a while now, and will very likely continue to do for the foreseeable future.
And NVDA's P/E is virtually unchanged. So there's that, too.
It's far more about AI than just NVDA.
IMO, the negativity for and lack of participation in the Mag 7 on this particular forum is astounding! And telling!
Disclaimer: We've been participating in NVDA via FSELX (and other funds) for a long time now and just BOT NVDA on Tues-Wed this week. We are at ~36% Tech and ~25% Mag 7, and feeling very comfortable.

AAII Sentiment Survey, 2/21/24
BULLISH remained the top sentiment (44.3%; above average) & bearish remained the bottom sentiment (26.2%, below average); neutral remained the middle sentiment (29.5%, below average); Bull-Bear Spread was +18.1% (above average). Investor concerns: Elections, budget, inflation, economy, the Fed, dollar, Russia-Ukraine (104+ weeks), Israel-Hamas (19+ weeks), geopolitical. For the Survey week (Th-Wed), stocks were mixed (growth down, cyclicals up), bonds down, oil up, gold up, dollar down. Techs remain strong (NVDA). AMZN replacing WBA in DJIA. Nikkei225 at new high after 34 years! #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/post/1362/thread

https://www.barrons.com/market-data/stocks/ts?mod=searchresults_companyquotes&mod=searchbar&search_keywords=ts&search_statement_type=suggested
Up 9.6 percent in the overnight. Almost 5;00 a.m. on Thurs. Eastern Time, 22nd Feb, '24. Just released 4Q operating results on Wed.
BOOM.

I remember looking at the Nikkei circa 2010, and noting it had (about) halved from late 1989 to 2000, then (about) halved again by 2010, and thinking of that lost generation of investors there. They had certainly earned all of the funds that ended in "...ex Japan."
Meanwhile, the S&P went from 353 in 9/1989 to 1,326 in 12/2010, and then UP to 4,982 as of yesterday. Slightly different rides!

Nikkei 225 finally is at a new all-time high after 34 years. This is nominal, not inflation-adjusted.
https://www.cnbc.com/2024/02/22/japans-nikkei-hits-all-time-high-on-reforms-robust-corporate-earnings.html
https://finance.yahoo.com/quote/^N225

The Week in Charts (02/18/24)
00:00 Intro
00:12 Topics
01:03 Inflation Coming in Hot (CPI Report)
04:57 Skyrocketing Car Insurance Rates (Progressive $PGR)
06:19 Rate Cuts Pushed Back (Fed Policy)
09:34 Nvidia Surpasses Google & Amazon ($NVDA, $GOOGL, $AMZN)
12:56 Consumer Concerns (Retail Sales Report)
15:38 Half off Sale on Used Teslas
20:34 Narrowing Trade Deficit
22:37 Borrowing Money to Pay Interest (Debt/Deficit)
24:33 Higher Wages, Lower Food Inflation
Video
Blog

Here’s a 2013 Story. References to “today’s market” are dated and not applicable. But they seem to have the story of Gail Dudack (the “odd duck” among the weekly elves) correct. Being a “elf” was a permanent position, whereas the panelists rotated and weren’t always “elves.”
“An eternal bull on the stock market, the more bullish, and less tolerant of dissenting bears he became, the higher the averages climbed. On the program of Nov. 5, 1999, Mr. Rukeyser announced the firing of the veteran panelist Gail Dudak for her 156 consecutive weeks of bearishly errant forecasting. The stock market peaked four months later.”

Grrr ... they made me a ridiculous return once upon a time. In the late '90s I happened across as WSJ article that claimed something like "Japanese small companies are the most underappreciated, undervalued dynamos on the planet." Thinking something like "huh? who knew?" I moved a modest chunk of my retirement there. It doubled in the first year and nearly tripled in the second; being a bad momentum investor, I tended to take chips off the table every time the dang thing gained another 50%.
Since inception (1995), they're up nearly 50% on Fidelity Japan. They've turned $10k to $43k while FJPNX is up to $29k.

“I don't know what the language of the year 2000 will look like, but I know it will be called Fortran.” —Tony Hoare, winner of the 1980 Turing Award, in 1982.
Scientific computing’s future: Can any coding language top a 1950s behemoth?
https://arstechnica.com/science/2014/05/scientific-computings-future-can-any-coding-language-top-a-1950s-behemoth/
That's from just 10 years ago. You don't have to be old to be familiar with Fortran. You just have to be in the right field of work.

AMZN joins AAPL, CRM, CSCO, IBM, INTC, MSFT already in DJIA.
News https://www.cnbc.com/2024/02/20/amazon-to-replace-walgreens-in-dow-industrial-average-on-february-26.html
DJIA
https://finance.yahoo.com/quote/^DJI
https://www.cnbc.com/dow-30/
Edit/Add. There were guesses that WMT split will cause some change in DJIA. Because it is price-weighted index, the higher-priced stocks have greater influence on its movements vs market-cap weighted index. S&P/DJ index committee (yes, there is such a thing) monitors this. WMT is both in retail and online (so, retail + fintech), so suddenly, the 3-for-1 split reduced the weight of those areas. While AMZN seems like a logical choice, somebody had to be kicked out to make room, and WBA has almost been asking for it (by how it has been doing).
WBA topped the list of 2024 Dogs of the Dow (ETF DOGG at high 75 bps). Now it will be VZ after the change.
https://www.kiplinger.com/investing/what-are-the-dogs-of-the-dow-for-2024

This is what sticks in the back of my mind, but I try my best to ignore it: "The S&P 500 PE Ratio is in the upper 15% of valuations for the past 80 years."

I was a Mutual Fund accountant many, many moons ago. Worked for a few different firms. They would price all securities using a feed just after the stock market's daily close (4PM ET). For any equities that moved > 5% from prior day close, you had to confirm that closing price at a Bloomberg terminal on-site.
For any bonds that were thinly traded, you could call down to a specific trading desk.
The holdings were adjusted for that day's trades that were made by the Portfolio Manager.
It was all very rushed and hectic, but maybe now it's more streamlined. At one point I handled an Intl Equities fund, and I received trades from London location via a Fax machine. It was less than ideal.
I have some stories, but they are boring. Or just better not to know.

I love old fax machine stories. Did you have to call their fax from your fax and coordinate placing the phones into the cups at the same time?

Very nice piece. One might add HSAs to the mix. They're sort of like Roths, in that growth is tax-free so long as you have accumulated medical expenses over the years (since the HSA was started) that exceed the amount withdrawn from the HSA.
Because of this qualification, they also resemble traditional IRAs. You don't want a T-IRA to grow too large because then RMDs can kick you into a higher bracket. You don't want HSAs to grow too fast, because if they outrun your medical expenses, some of the money you take out becomes taxable. For this reason, I allocate slower growing assets (e.g. bonds) to my HSA.
Regarding IRMAA, I don't see where the $5832 at $194,001 income level (joint) comes from in Table #2. A petty issue is that $194K is the 2023 threshold; for 2024 the threshold is $206K.
This minor point aside (and using 2023 figures for consistency), the monthly Part B IRMAA per person started at $65.90. That's $790.80/person per year. Throw in the starting level Part D IRMAA of $12.20/mo, and that brings the total annual IRMAA per person up to $943.20. Assuming both spouses are participating in Medicare, double the amount to $1886.40.
Cap gains - in 2016, cap gains didn't kick in until one hit the 25% tax bracket. The 2017 TCJA decoupled cap gains brackets from ordinary income tax brackets. Sunsetting reverses this - the 15% cap gains bracket will once again start at the 25% ordinary income tax bracket. Sunset minus cap gains should always be positive.
All of the numeric adjustments are noise. They don't change the points made. It's a formidable task to compress so many moving parts and levers into something clear and digestible. Bravo!
I haven't taken a close look at the funds yet, though I did notice a dearth of Fidelity MM to short term funds (bucket #1). It's hard to beat Vanguard on MMFs, but you might consider FCNVX as a peer to VUSFX.

I was a Mutual Fund accountant many, many moons ago. Worked for a few different firms. They would price all securities using a feed just after the stock market's daily close (4PM ET). For any equities that moved > 5% from prior day close, you had to confirm that closing price at a Bloomberg terminal on-site.
For any bonds that were thinly traded, you could call down to a specific trading desk.
The holdings were adjusted for that day's trades that were made by the Portfolio Manager.
It was all very rushed and hectic, but maybe now it's more streamlined. At one point I handled an Intl Equities fund, and I received trades from London location via a Fax machine. It was less than ideal.
I have some stories, but they are boring. Or just better not to know.

Regarding a fund's holdings, it looks like you're referring to 17 CFR § 270.2a-4(a)(2)
https://www.ecfr.gov/current/title-17/part-270/section-270.2a-4#p-270.2a-4(a)(2)

Changes in holdings of portfolio securities shall be reflected no later than in the first calculation on the first business day following the trade date.

Emphasis added.
With respect to the price used, it isn't necessarily the current day's closing price. For example, some funds price more than once daily. The Fidelity sector funds used to price hourly, and several Rydex funds (owned by Guggenheim) still price twice daily.
https://www.planadviser.com/print-page/?url=https://www.planadviser.com/rydex-expands-offering-of-twice-a-day-fund-pricing/&cid=39311
The 10:45 AM price on a Tuesday couldn't be based on Tuesday's close because that's in the future. And if it were based on the prior close, that would be tantamount to letting investors trade on stale prices (see 2003 mutual fund trading scandal for why this is verboten).
Typically funds pick "market close" as the time to value their shares, but it can be any fixed time. See 17 CFR § 270.22c-1(b)(1).

The current net asset value of any such security shall be computed no less frequently than once daily, Monday through Friday, at the specific time or times during the day that the board of directors of the investment company sets, in accordance with paragraph (d) of this section

https://www.ecfr.gov/current/title-17/part-270/section-270.22c-1#p-270.22c-1(b)(1)

I stopped paying their $250 a year fee as I was not using most of the thousands (!) of recommendations.
Anybody got the article without the paywall?

Yes but it would require more formatting to cut-paste than I really care to do. And while there may be some outriders I'm not aware of, from what I can tell, most of the funds he mentions are well-known and well-discussed here anyway -- so no real surprises that I can (quickly) detect. (Though I do disagree w/some of those listed, but c'est life, right?)

Here are two multi/alternative strategy funds, with excellent risk/reward records, that a conservative retiree might also consider and that are available NTF at Fidelity:
- AQR Diversifying Strategies N (QDSNX) has a 3-year total return of 10.9% and a SD of 7.0%.
- JP Morgan Hedged Equity (JHQAX) has a 3-year total return of 6.7%, a 5-year return of 9.0%, and a SD of 9.3%.
Good luck,
Fred

I stopped paying their $250 a year fee as I was not using most of the thousands (!) of recommendations.
Anybody got the article without the paywall?

Entered order today for next-to-last sliver of NEAGX per the same reasons as last BUY.

Good trade on GOOG. I hope it works out with NVDA as well.
Just curious, Do you mind sharing what %age of your portfolio you anticipate is your NEAGX position? Thanks

Thanks and sure.
BTW, GOOGL is back at the price we BOT it and then SOLD it within 10 days for 6%. We are entertaining a repeat ride on it in addition to our current NVDA play.
We have LT experience with fellow high-flyer FSELX so we are comfortable with it at 10%.
We are conversely very new to NEAGX, having watched it for a year or more but never taking the plunge until this year. We are building it to no more than 5% for the time being, but MAY increase it IF IF IF SCs start to show signs of full participation and outperformance.
NEAGX MAY only be a 2024 holding while we will likely be taking FSELX to our graves, so to speak. Per venerable M* poster: "Volatility is the price we pay for growth!"
EDIT_1: BTW, SMCI is getting hammered again today for anyone looking at NEAGX as a possible SCG play.
EDIT_2: NVDA, DOWN over 6%, came knocking and we obliged by adding a 2nd sliver.