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Hi guys, Have added to GBILX and started new positions in YAFFX and PTIAX. I have owned these before. I think interest rates will fall and value will rise.....just me thinking. And the Dukester thinks that the Blonde One will be in for 4 more years. Soooooo, be cool. Is that 60's or what? God bless the Pudd
p.s. Fido had John Hancock on. Large caps are in and mid quality was stressed over and over. And no overseas except healthcare. Bonds, yes, at 1.80 on the 10-year. No banks or small caps.
...Just catching up while on vacation. British Columbia, Washington, Idaho, Alberta. It's not still summer here, but the weather has been better than might be expected. Good times. Bad internet connections, until now: Gonzaga University library. Trying to stay on topic: I'm still growing PTIAX, too. And The Fed DID reduce interest rates. I have half a mind to start a position in Perf. Trust's Muni Fund. PTIMX. PTRMX.
Watch out while you're there in the home of the Zags, @Crash. You may not realize it's time to zig and fail to sell timely. LOL. Enjoy your travels.
...It was indeed a great vacation with my best friend. So far away, but it's just a plane ride away, too. The birches in the southern interior of B.C. and Alberta have all turned. Bright golden color on the leaves. Lovely. And the sumac is nuclear red. My friend got lucky at a few different casinos. Small stakes, but coming away with a profit from places like that takes some doing. Toronto-Pearson Airport was my going and returning stop. My official review of YYZ is that it is a total cluster-fuck. Never again. At the Calgary Airport, there are all kinds of volunteers in cowboy hats to assist, and they helped us in a big way. Kudos to them. The Calgary Airport (YYC) is not a cluster-fuck.
Roads throughout southern B.C. and Alberta are being worked on, extensively. Even in the shadow of the Rockies, and up around latitude 50, the road conditions are fabulous compared to Massachusetts. When will we learn? BTW, the weather forecast for Calgary on Friday, 27 Sept. includes rain/snow showers. Jeez. Even so, it's too early to stick to the ground and the roads. But it will be a chilly 26 F. out there, that night.
@Crash. Ditto on deplorable MI roads. We often remark on how much better the surfaces are when we travel to other states. The other day we returned to DTW and took the shuttle to our parking lot. The short ride was so rough that I said, "Well, we know we're home," and other shuttle passengers nodded in agreement.
@Crash. Ditto on deplorable MI roads. We often remark on how much better the surfaces are when we travel to other states. The other day we returned to DTW and took the shuttle to our parking lot. The short ride was so rough that I said, "Well, we know we're home," and other shuttle passengers nodded in agreement.
I thought the roads in Arizona were terrific when I visited about 5 years ago. Wondered if McCain maybe pulled some strings in D.C. to get the funding? Problem in Michigan is the people back the anti-tax pols. And there aren’t many road builders willing to work for free.
Apologies @Puddenhead. This thread has really strayed.
Re investments
- I’ve avoided even short term bonds after the pullback at the short end, which temporarily boosted their return. Mostly MM and ultra short for me as far as the cash sleeve goes. That said, I continue my allocations to RPSIX, DODLX, and PREMX. S*** - Your fixed income $$ has to go somewhere.
- Just slightly overweight the miners. About 4-5% vrs a normal 2-3% weighting. I’m optimistic for gold. Think it will really break out one of these days, but it can be awfully painful to own shorter term. Plus, what I “think” will happen doesn’t always.
- Otherwise, normal weighting in a conservative, diversified portfolio.
@hank- Yes, here in CA we had exactly that situation. A fixed fuel sales tax as the primary funding source for our highways was steadily being eaten away over the years by ever-increasing better mileage of vehicles, transition to electric and hybrid technology, and general inflation.
Once-decent roads were really going to hell, and yet there were always anti-tax groups who refused to deal with reality, and kept hoping for the road-fairy to fix things. A few years ago we finally were able to overcome that mentality, and already we're beginning to see significant improvement, and long-delayed maintenance finally getting done.
Ignored in all of this anti-tax crusade is the fact that at least with road maintenance taxes the maintenance and improvement creates good paying jobs for lots of workers, and secondary effects for jobs in the manufacturing of all of that enormous and complex road building equipment. That stuff is really impressive, and the great majority of it is built in the US.
Going global - VGWLX, VMVFX, and putting David Herro in an old 401k brokerage and trying to forget about it with OAKIX. Also testing the waters with BCSVX.
Comments
Have added to GBILX and started new positions in YAFFX and PTIAX. I have owned these before. I think interest rates will fall and value will rise.....just me thinking. And the Dukester thinks that the Blonde One will be in for 4 more years. Soooooo, be cool. Is that 60's or what?
God bless
the Pudd
p.s. Fido had John Hancock on. Large caps are in and mid quality was stressed over and over. And no overseas except healthcare. Bonds, yes, at 1.80 on the 10-year. No banks or small caps.
Roads throughout southern B.C. and Alberta are being worked on, extensively. Even in the shadow of the Rockies, and up around latitude 50, the road conditions are fabulous compared to Massachusetts. When will we learn? BTW, the weather forecast for Calgary on Friday, 27 Sept. includes rain/snow showers. Jeez. Even so, it's too early to stick to the ground and the roads. But it will be a chilly 26 F. out there, that night.
LINKS:
https://en.wikipedia.org/wiki/Nelson,_British_Columbia
https://en.wikipedia.org/wiki/Kimberley,_British_Columbia
Apologies @Puddenhead. This thread has really strayed.
Re investments
- I’ve avoided even short term bonds after the pullback at the short end, which temporarily boosted their return. Mostly MM and ultra short for me as far as the cash sleeve goes. That said, I continue my allocations to RPSIX, DODLX, and PREMX. S*** - Your fixed income $$ has to go somewhere.
- Just slightly overweight the miners. About 4-5% vrs a normal 2-3% weighting. I’m optimistic for gold. Think it will really break out one of these days, but it can be awfully painful to own shorter term. Plus, what I “think” will happen doesn’t always.
- Otherwise, normal weighting in a conservative, diversified portfolio.
@hank- Yes, here in CA we had exactly that situation. A fixed fuel sales tax as the primary funding source for our highways was steadily being eaten away over the years by ever-increasing better mileage of vehicles, transition to electric and hybrid technology, and general inflation.
Once-decent roads were really going to hell, and yet there were always anti-tax groups who refused to deal with reality, and kept hoping for the road-fairy to fix things. A few years ago we finally were able to overcome that mentality, and already we're beginning to see significant improvement, and long-delayed maintenance finally getting done.
Ignored in all of this anti-tax crusade is the fact that at least with road maintenance taxes the maintenance and improvement creates good paying jobs for lots of workers, and secondary effects for jobs in the manufacturing of all of that enormous and complex road building equipment. That stuff is really impressive, and the great majority of it is built in the US.