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.
I get occasional commentary emails from this guy Keith McCullough. Here's what he had to say yesterday. It's never all that hard to figure out where he's coming from.
"After stimulating the economy with largesse for two years, the Fed has finally b…
The IRS has "free file fillable forms" in place on the website. It's easy, does math when you ask it to, very straightforward. Anyone who has a relatively consistent form of income and deductions and doesn't mind reading an instruction booklet here …
I have been buying Treasuries.
@AndyJ, how does one figure out whether Fidelity allows auto invest on a fund one does not already own? Thanks.
You have to call and ask. Some CSRs can find that info right away, some take a few minutes. Every time I…
ASFYX looks more like straight equity managed futures with an FI overlay, with > 4% yield. But hard to tell, their only website I can find doesn't have the usual fund info, just an email address to query .. which I did. Fidelity has the A shares …
ASFYX looks more like straight equity managed futures with an FI overlay, with > 4% yield. But hard to tell, their only website I can find doesn't have the usual fund info, just an email address to query .. which I did. Fidelity has the A shares …
I like REMIX and PQTAX/PQTIX on longer charts, but will just point out that EQCHX seems twice as strong post-Dec.
Good catch, @Racq. Looks like it's a fairly similar strategy to Pimco's, currencies, commodities, equity futures, etc. Onto the watch…
We also don't know how extensive Long Covid will turn out to be. CDC tracking isn't providing much help there. But it's possible it could be a significant labor force and overall economic drag ... of course not to mention a whole lot of people suffe…
TRAMX is benefitting, in this one way at least, from its 25% stake in S. Africa, which (although it's down recently) is up 13+% ytd, based on the etf EZA, which I mentioned in one of the "what have you been buying" threads. I'm thinking it's about g…
Always good to hear McCully. The downshift in globalization he talks about is pretty much a dominant view now, and will mean lots of adjustments in supply chains, which won't happen overnight.
As far as his "one investment," a stake in EM, I'm mor…
Great news for Matthews fans; thanks Shadow.
Edit: No, I wouldn't rush out to buy any of them the first day they're available and didn't mean to imply that I would. I'm mainly glad to see the availability of the different wrapper.
An advisory firm I follow put a buy on long term T's a week or so ago. The main argument was that beginning this quarter, YOY comps for econ growth and corporate profits are going to look very, very bad, there are slowing signs already, and like you…
According to that SEC disclosure Charles posted, it all stemmed from a 1997 DUI that was plea bargained, and he must have misrepresented the outcome (?). Says nothing about financial fraud or anything like that.
Seems like I've seen that used as a…
Adding a bit along to PQTAX when it takes its fairly frequent dips, like now, up 9% ytd. Had some South Africa (EZA) but sold too early; may buy it back if/when it dips. Been considering a new position in REMIX. Bought a little TLT recently, up a sm…
Right, you can't find out about auto-invest without either buying/trying or asking. I call Fido now if in any doubt at all. It can be crucial to decide whether to invest at all, especially for TF funds.
My last call was two days ago for the absolut…
I have not kept up with changes at Fido in 2022 but RCTIX did not used to participate and was not available in their auto reinvest program. So, when I sold, I did not retain any shares.
That was my experience too, about a year ago; the fund manager…
@Jon: "I guess fund holders will have to accept the ESG "costs" and understand the impact on performance."
Up until fairly recently, excluding fossil fuels had been a performance benefit. Cost and benefit on a sector-allocation basis can wax and wa…
ESGV ... well, except it's so comparable the chart lines are barely distinguishable, so maybe not something an investor dissatisfied w/ PRBLX would be interested in.
ESGV has enough volume now that it's fairly easy to trade, if that's a distinctio…
Mona: "But assume that the OEF bond fund accrues and pays monthly. You seem clear that if sold mid-month that you don't any of the interest for that month. Where does the interest go?"
Hey @Mona, it was in the NAV until the ex-date, and if you sold…
My impression with bond funds is you still get a portion of the interest based on how many days you held it during the quarter, although this would not be true with a stock paying dividends.
That's true for daily accrual bond funds, which is how mo…
PRBLX is growthier now than its history (see the investment style on M*) and likely to stay that way, but hasn't been there long enough for M* to switch its category. Its (5.6%) ytd doesn't look great for large blend, but not so bad against large gr…
Well, since we're tossing opinions around here instead of sticking with the topic, here are some more. Reasons to pay attention to college b'ball at least this one time a year:
* Every tourney game is an elimination game. Every game is equivalent t…
@Crash, yup, and they're in the Sweet 16. Last night vs. Murray, same pattern as against Kentucky - close game throughout, until the last few minutes, decisively won by St. Pete. (Another Jesuit U.)
@Derf: Isn't it great how competitive most of the field is. Anything can happen, any game. I mean, on top of the big upsets, the Catamounts nearly took Arkansas; imagine that ever happening in football.
The St. Peter's coach is pretty amazing. Look…
Mortgage credit in the port now at zero; it was by far my largest allocation in recent years. Last to go was EIXIX. AlphaCentric and Regan's entries in the category have been ~ 75% ROC recently, thus with a pitiful income yield. The category was fla…
To the original question in the Pudd's post, PQTAX (Pimco's trend following managed futures fund) is my one real winner year to date, up 10%. (Well, except for the short S&P 500 etf SH, which has done better, but I haven't participated in the wh…
Yep, state laws set up the basic public utility regulatory structure, and a public commission does the details based on the state law, covering all forms of energy generation. Solar net metering, for example, is governed the same way.
But, there a…
Then there's the HY bond market, with the FRED effective yield chart charging up to 5.93%. McClellan's current weekly post highlights the trouble in HY and the probability that stocks will (continue to) follow HY's trajectory.
Tom Mc's posts are a…
Yogi: "Terrible sounding death-cross (50-dMA crossing 200-dMA on downswing) was noted for Nasdaq Comp about 3 weeks ago, in mid-February (it had happened to R2000/IWM in mid-January). One may have thought then whether the other indexes will follow, …
@OJ - They mostly do their talking through ALEC, and have been working on it for a long time. From a 2013 Huffpo article:
"In the latest attempt to rollback pro-clean energy policies, fossil fuel and utility interests operating through the American…
Great; it only makes sense.
So PG&E would sell or rent the home hardware for the system? (Count me as ever suspicious of a utility's agenda. Mine has been trying so hard for years to make net metering uneconomic for the home/business owner, an…
Mortgage credit, which has stayed calm and barely positive during the YTD storm, is showing some weakness now, with IOFIX's blowout of the last two days leading the way.
I was going to say JENSX, Jensen Quality Growth, but saw that M* has it on the blend side of the line these days. But ... they also have GQEPX on the line, just barely leaning over on the blend side. Maybe the question could be funds that are at lea…
