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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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
Exactly like financial advice, dentistry ranges and varies, and if you have a dentist you trust and has judgment (prudent), take his or her advice. Agree about most other points. My sil Alice in San Clemente is v good and honest as the day is long, …
PK:
Greenspan's book is ... really terrible on multiple levels. No acceptance of responsibility for anything; he retails the same old Big Lie about how Fannie and Freddie somehow coerced Wall Street into making bad loans; etc., etc. But one point in…
@Vert:
The real world, of course, includes individuals and families harmed. Not saying you do not know this. Suggest you study this history:
http://www.nytimes.com/2009/09/06/magazine/06Economic-t.html
>> insight and the skill to simplify complex problems without losing the basic message.
Well, there are widespread other views of this guy, the one below by an economics historian who held senior policy roles in the Reagan and George H.W. Bus…
@Maurice
>> Thank you for your selective memories of Pres Reagan.
Mine? Whoa --- even more comical.
In this fight, as the phrase goes, you got the wrong other-side dog, or no dog.
I was pointing you only toward people who were actually t…
@Maurice:
>> Since Ronald Reagan left office, there is not one American president who I believe would oppose such a tax.
A comical view in fact:
http://www.npr.org/2011/02/04/133489113/Reagan-Legacy-Clouds-Tax-Record
http://newsjunkiepost.c…
For a very small fee of 0.1%, I would manage others' moneys by transitioning from AOA to AOR to AOM to AOK every 5-15 years or so. I wonder how that would compare.
Don't need to google, just based on family and friends around Boston and elsewhere across country, all of their paid advisers, franchise or indy, ensure no loads are paid on any mutual funds, including load funds. MS, ML, UBS, Commonwealth, private …
>> Let's ... avoid political discussions here.
Disagree. I learn all sorts of things. Usually through posted links, though sometimes argument. And others say the same to me from things I have posted. Thrice in the last two months, in fact.
>> The hands of Time were rewound for you--- you could have done it all over again
haha, would it were so with my body and mind and so much else.
Thanks. But I never look at or care about NAV.
Reinvested, 1985 - 2009 = eightfold increase.
H,lmgtfy:
http://visualeconomics.creditloan.com/how-countries-spend-their-money/
This is not quite 'where you tax dollar went', clearly, and some criteria for inclusion or breakout are different; note US mil fig here is just above 19%, not 27%. Al…
IBD tone and imagery alone are lolz, like something the Onion would run:
\\Fewer Patients Now Under Boot of Authoritarian Rules
... They too deserve to have the government's hands pried away from their necks.
\\ New 9/11 Vowed as Obama Yawns
\\ Is…
A sophisticated and informed discussion. Much thanks again to msf et alia. I was very surprised to read this Burns piece, as I usually find him, or at least think of him beforehand, as savvy and sensible and thoughtful. This was nuts.
And of course there is this, if wingnuts continue to have their way:
http://www.washingtonpost.com/opinions/the-rush-to-humiliate-the-poor/2015/04/07/8795b192-dd67-11e4-a500-1c5bb1d8ff6a_story.html
http://www.washingtonpost.com/blogs/wonkblog/wp/2…
Oh, sorry, sure, and don't disagree about length. My copy/paste did indeed glom three paras into one.
http://resistir.info/livros/piketty_capital_in_the_21_century_2014.pdf ; see Meritocratic Extremism in Wealthy Societies, three paras.
The senten…
Gosh, that Piketty passage is clearer and more flowing than much of what I read every day, and in some respects better than what I write.
It is true that academics (and others) necessarily make assumptions about what the reader knows and ought to …
Piketty is droll on the usual meritocratic arguments, citing Lamont (emphasis added):
\\\ In 1881, Paul Leroy-Beaulieu explained that the state went too far by raising only the lowest salaries. He vigorously defended the high civil servants of his …
>> If you think otherwise...lets hear it...something of intelligence
Well, Tb, it ain't easy to think of anything intelligent say in response to this:
>> Poor People want to be payed for their Time and are payed based on their Skills p…
What you get for reading the National Review. I am very surprised; I thought Ritholtz was smarter than this. I mean, I know he is, and have read smart things from him.
Sigh, okay. From a nonwhite it can mean 'guy' (as here), or 'loyal pal', or 'dumbass'. Nothing much to do with color. The first, for the last many decades, as Tb points out.
From a white person of course it means none of those things unless uttered…
Just a quip meaning 'F that guy', is all. Funny in hindsight. But bound to be misunderstood.
It's always good for people full of themselves be thunderstruck-humbled. Even when they're youngsters. They were a good team and did impressive teamwork. …
>> funds like Sequoia remain lowest decile across nearly all evaluation periods.
>> No one metric tells all, but for those sensitive to drawdown, I think this one warrants more attention.
Right. Do you propose a different capture of it …
Compare RPG and RPV performance with SP500 and with RSP for that matter. Some appear to work quite okay, is the point. If I were indexing more and not (maybe foolishly) following active and algorithmic management in retirement, I would put most of m…
@Scott:
>> Food inflation does continue, but yeah, that's not part of the CPI
Yes and no; see first entry in this FQ list:
http://www.bls.gov/cpi/cpiqa.htm
Several issues here maybe. No point in interviewing him re origin stories and thinking, I agree. I would forget about notetaking and notekeeping too. Define the goals, as you are starting to do, and of course as you cannot do on your own. Is it what…
On the dip put lots into DSENX, as reported in another thread, and debating whether to triple-down on REXX and COG. Put nearterm-needed into more GLRBX.
