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the January issue of MFO is live

David_Snowball
edited January 5 in Fund Discussions
Hi, guys.

A fairly miserable weekend for much of the nation (and for Steeler Nation, particularly). I hope we're able to bring some satisfaction to the end of it. Lynn encourages young investors to think in long-term terms. Shadow reveals what was in the shadows. We do a Launch Alert on Virtus KAR Mid-Cap, a way to access an really strong institutional strategy at a steep discount. Speaking of launching an ETF, this month, Charles shares, “You Too Can Start an ETF,” which attempts to highlight the burgeoning ETF marketplace and the challenges we, investors, and advisors face in understanding just who is behind the various strategies being offered. There's a longish piece on infrastructure investing, which makes me a little sad since half the reason that infrastructure might be profitable is that we've sort of screwed ourselves on climate change moderation. And again, dozens of reasons to be optimistic as we begin an interesting new year.

A pessimist might say "99% of people are just in it for themselves." An optimist could reply, "well, that translates to 75,000,000 people worldwide devoting their lives to making the world a better place." And there's fair evidence that they're succeeding. We should take some comfort in, and offer what support we can to, their efforts.

January Term starts first thing in the morning. Pray for my students!

Comments

  • sma3
    Great discussion of the importance of infrastructure in the future, regardless of what the GOP tries to do with climate change subsides, David. Sorta like defense stocks. While you can hope their products won’t be needed it is obvious we are living in an increasingly dangerous and unstable world.
  • WABACWABAC
    edited January 6
    GLIFX/GLFOX is old-timey infrastructure that I would put in the category with widow and orphan investments. It's pretty much The Electric Company, Waterworks, and the Pennsylvania, Short Line, B&O, and Reading railroads.

    I still own a chunk of GLFOX in my taxable that I bought on 3/18/2020. I become attached to such purchases. I sold a more recent position in GLIFX from the IRA in order to simplify it. I don't feel that need with the taxable. The proceeds from that sale went into IYK and FSUTX.

    I think any discussion of new opportunistic infrastructure funds is incomplete without mentioning water funds. Start with PHO or FIW if you are H2O curious.

    There are global water funds, but they have faced rougher sledding over the past three years. You could start with PIO and TBLU. I'm not smart enough to imagine how they might perform in the tariff regime promised by our new president.
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