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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Comments

  • rforno
    Sold CLF for short-term loss of 21% ... offset by realized gains elsewhere, thankfully.

    Total mistake on my part. 'nuff said.
  • MarkMark
    I can't find any reasons to commit to a market which seemingly has no direction. If I'm going to wander aimlessly I'd rather do so on a hiking trail.
  • CrashCrash
    Mark said:

    I can't find any reasons to commit to a market which seemingly has no direction. If I'm going to wander aimlessly I'd rather do so on a hiking trail.

    +1.

    I will reinvest the "free money" that comes via dividends. Otherwise, I'm keeping it simple, just growing the MMkt fund.
  • Old_JoeOld_Joe
    Same here.
  • hank
    edited March 21
    Markets feel “rudderless.” I haven’t a clue. But until today inflation hedges (gold, etc.) were running hot.

    Gundlach is expecting recession. Sounds like he’s cutting risk.
  • BenWPBenWP
    @rfirno: I bailed on CLF when it popped to $12, but I rarely pull off profitable short-term trades.
  • Edmond
    edited March 24
    Friday, in my taxable a/c, opened a new position in PRWCX, after receiving an opinion from my investment advisor, he felt a tradable bottom was in place, given the extreme oversold conditions. In dfd accounts, added to positions in PRCFX and MGK. In retrospect, wish I had been braver with the amounts purchased.

    Monday, in taxable acct, opened position in JGRO. Nibbled more on DFAT (SCV) and SCHD (they just did their annual reconstitution of holdings. I like what they have done). In dfd account, nibbled more on MGK.

  • BaluBalu
    @Edmond,

    At which brokerage company did you open a new position in PRWCX?

    Trying to understand the context of opening a position in PRWCX (not the best fund to express a bullish reversal) upon sensing a tradable bottom, what is your target effective equity allocation?

    My google search for "what is a DFD account" did not turn up any credible answers. What is a dfd account?

  • Old_JoeOld_Joe
    dfd: Tax deferred maybe?
  • CrashCrash
    my guess, too.
  • Level5
    edited 1:02PM
    Added to current position in NRDCX and submitted purchase for 17-week T-Bill auction using funds from mmkt.
  • Edmond
    BaluBalu said:

    @Edmond,

    At which brokerage company did you open a new position in PRWCX?

    Trying to understand the context of opening a position in PRWCX (not the best fund to express a bullish reversal) upon sensing a tradable bottom, what is your target effective equity allocation?

    My google search for "what is a DFD account" did not turn up any credible answers. What is a dfd account?

    As the questions are a scant off-topic for the thread topic , I will message you responses.

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