Updated MFO Ratings and Flows Thru April ... MTD and FLOW Thus 2 May All ratings have been updated on
MFO Premium site through November 202
1, including MultiSearch, Great Owls, Fund Alarm (Three Alarm and Honor Roll), Averages, Dashboard of Profiled Funds, Dashboard of Launch Alerts, Portfolios, Quick Search, and Fund Family Scorecard. The site now includes several analysis tools, including Correlation, Rolling Averages, Trend, Ferguson Metrics, Calendar Year and Period Performance.
Pretty good! Finished late on 2 December (Pacific Time).
Berkshire’s Munger Says Now ‘Even Crazier’ Than Dotcom Bust Munger wasn’t painting with a broad brush. His references were to certain segments of the U.S. market - plus crypto. Article not as complete as I’d like. But thought it worth sharing in light of this 97 year old’s reputation and experience. And note the cash pile Berkshire is sitting on.
“Munger, who was speaking after Berkshire’s cash pile hit new heights at $149.2 billion of funds in the third quarter, also said he was bullish on renewable energy.”Article
Anybody holding DUST? ETF industry has +2x NUGT, -2x DUST and the reference is supposedly GDX. So, the sponsor does fine whether investors win or lose, or lose and lose (see 3 yrs below).
In the Stockcharts below, timeframe may default to
1 yr eventually, so reset times appropriately.
These futures-based work OK for short-term trading. Look at
LINK 3Mo.
Now look at 3 yrs, and BOTH did worse than GDX.
LINK 3 Yrs.
That is why the SEC and FINRA have investor alerts on these types of funds.
Anybody holding DUST? Came across this one today. It’s being suggested by some pundits as a hedge against your gold mining stocks falling further.
The description from Lipper:
“The Fund seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the price performance of the NYSE Arca Gold Miners Index. The Fund creates short positions by investing at least 80% of its net assets in: futures contracts; options on securities, indices and futures.”
DUST is off -71% over the past 3 years. Think I’d rather fry along with some mining stocks than try to catch this one. Gold’s been in a see-saw all year, bouncing between $1700 and around $1850. It appears to be on its way down again after topping-out only a few weeks ago.Just below $1800 at present. But this kind of erratic behavior is pretty typical. Limit your exposure. Don’t chase on the way up or down.
Schwab needs to "re authorize" Quicken access I've been following this post with interest. I don't use Quicken, but I did have a problem with an external account linked to Schwab, my 401k with TRP. I view my TRP account through Schwab because it makes it easier to see everything together on one site for charting and total portfolio break-down purposes. In any case, that account link was lost for a few days last week. Seemed to come and go actually. Now when my summary account data charts I have these huge excursions down and back up on the chart. Ugly but I know it's not real.
Since I don't use Quicken, this external account link problem I had may not be related to the discussion here, but it sure seems like a glitch on the Schwab side.
Tax Calculator for 2021 Tax Returns Due in 2022
Retirement Spend Down Discussion With the public schools so messed up I am putting aside money for private school for the grandkids.
+
1. Actually a good idea.
2021 capital gains distribution estimates (mutual funds and ETFs)
This New ETF (SARK) is Betting Against Cathie Wood and ARK Jim Chanos just appeared on CNBC and explained why he’s been short DKNG for most of 2021. I found his explanations of why some companies are overvalued to be very comprehensible. He was on today because it’s the 20th anniversary of the Enron demise. That’s his most famous short.
I appreciate that Ben. It’s funny. But Enron occurred to me just this morning. A highly prized energy company that fell to 0.
While The fact TRP is one of DFKG’s largest shareholders gives me a bit of faith, I looked at their Growth Fund (PRGFX) holdings today where it is positioned - but it occupies only a 0.27% weighting. My issue would be that any position I’d open (actually re-enter) would need be very small, making it of little potential value even if it jumps - plus one more damn holding to track. A second issue is that any advances are likely to be met by heavy selling as investors attempt to capture some of their earlier losses.
FWIW - Bill Fleckenstein’s daily (subscription) blog. He mentioned last night that the selling in the AARK type stocks has been particularly heavy of late. I’d think Wood’s funds must be in turmoil. While I enjoy wagering a bit on BB and think the DraftDings site pretty smooth … Here’s one instance where Peter Lynch’s advice to “buy what you know” doesn’t appear to hold true.
This New ETF (SARK) is Betting Against Cathie Wood and ARK @hank: Jim Chanos just appeared on CNBC and explained why he’s been short DKNG for most of 202
1. I found his explanations of why some companies are overvalued to be very comprehensible. He was on today because it’s the 20th anniversary of the Enron demise. That’s his most famous short.
