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Could of, would of, should of. Time to look at my dippers (YTD) & see how bad they've been hammered & what to do going forward. Nasty Day, Derf Lot of dry powder left.
Added a small amount to assorted (sordid ) holdings. Dribble, dribble, dribble. A little here. A little there. Love a sale, but this thing could go on a lot longer. It’s kinda like rationing out the last remaining drops from a bottle of whisky - as I don’t typically carry a lot of cash.
FWIW, 5/12/22 was worse for Nasdaq Comp, R2000, utilities, cryptos and those lows held. Today, 5/18/22, was worse for SP500, DJIA, DJ Transports (just creamed) and had new closing lows.
Watch. Wait, build cash. TUHYX got clobbered, so I'm taking a bit of PRFRX in the morning and switching that amount into TUHYX. It's down more than -12% y-t-d.
High yield effective yield is still surging: 7.68% as of yesterday per FRED. Junk muni prices are also getting hammered, right along with corporates. Appears most forms of junk are in a serious downdraft; waiting here for a break in the established pattern ...
Added to GLFOX. My theory on US infrastructure rebuilding as a catalyst for companies involved in materials and construction has proven to be a hypothesis only. The fact of the matter is that PAVE has not even kept pace with IWD.
Added to GLFOX. My theory on US infrastructure rebuilding as a catalyst for companies involved in materials and construction has proven to be a hypothesis only. The fact of the matter is that PAVE has not even kept pace with IWD.
BenWP, free Portfolio Visualizer (PV) can handle the MIX of mutual funds (OEFs), ETFs, CEFs and stocks properly. It is the only free software that provides portfolio MPT data. The free version doesn't allow storing portfolios anymore, but one can have portfolios saved in EXCEL and upload up to 3 at a time. LIMITATIONS of PV include its use of MONTHLY return data (so it misses finer details within the months; this is similar to M*), the free data goes back to 1985 only, and free PV run periods are limited to that for portfolio holding with the SHORTEST HISTORY (the paid version can substitute something similar for longer runs).
Picked up some apple on Friday when I found I couldn’t take it anymore But "it" I mean the constant drum of negativity, end of the world articles, and its cumulative effect on me which called for an afternoon nap yesterday.
Took a long hard look at ARRK (down 56% YTD) and decided I agree with Ralph Nader - “Unsafe at any speed.”
Those “hot-rod” holdings ranging from Tesla to Coinbase just don’t make any sense to me. Some I’d not mind owning. But not the entire lot. A wager on easy money forever. But, others have their own momentum strategies as well. Investing in general I think has run off the rails.
Here’s a average quality article on ARKK’s prospects if you’re bored enough today to want to read it.
I added some FDGRX in my Roth IRA. I had sold most of my position last year before the big drop, but retained some shares so I would remain eligible. David
I have been a bit over-weight commodities for a while holding a few ETFs' in that sector (COM, DBA, NANR). I started a plan to "slowly" move some of that over-weight money to a couple equity sectors starting with PPH (VanEck Pharmaceutical). QQQ is also on my transfer list, but I'm still a deer in the headlights on that one - for now.
Comments
FWIW, 5/12/22 was worse for Nasdaq Comp, R2000, utilities, cryptos and those lows held. Today, 5/18/22, was worse for SP500, DJIA, DJ Transports (just creamed) and had new closing lows.
Probably buy Ford Gm bonds Tomorrow good 7 8% ytm...barely covers inflation short terms
https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=GLFOX&benchmark=VPU
... just some Friday evening snark to kick off the weekend as I pour the first dram....
Maybe slowly add more spy qqq next wk
Have one for me, Derf
But "it" I mean the constant drum of negativity, end of the world articles, and its cumulative effect on me which called for an afternoon nap yesterday.
Those “hot-rod” holdings ranging from Tesla to Coinbase just don’t make any sense to me. Some I’d not mind owning. But not the entire lot. A wager on easy money forever. But, others have their own momentum strategies as well. Investing in general I think has run off the rails.
Here’s a average quality article on ARKK’s prospects if you’re bored enough today to want to read it.
Voo
Qqqm
Little nvda today
David
Impressed with how orderly this (bear) market has been. Methodical/mechanical, as if bots were running the entire show. Hmm.
Have a good one, Derf