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From what i can tell, Mr. Hwan is on target.
Thanks for the report, Matt. No insight to pass on here. I've been meaning to see what's going on with PARWX since Jerome D. stepped back, and think now I'll bring it up to the varsity watchlist and give…
@bee: Yes, BRK's a conglomerate. There are also some of those in Europe and Asia, for example Jardine Matheson.
Companies with moats are usually thought of as "quality." Here's a M* article with ten funds they considered top of the moat heap back i…
Lots of talk, a grand total of one stock as the "one investment," and never a word about mutual funds that own "quality." LC even cited an investment co. that offers mutual funds as the only concrete example of a "quality shareholder" - Neuberger Be…
My faith in their information gathering capabilities dove in 2007 when they continued to be unconcerned about the housing bubble after I observed on the ground in Florida how insane the mortgage market had become.
I observed the same thing in 2002 …
Maybe another crash, and then another investment-of-the-decade opportunity in performing non-agencies that got marked down with the trash. I wouldn't complain if the latter happened again.
AndyJ -- you might now be able to get those Pimco institutional funds at Schwab with only a $2,500 minimum. That's the case for PIMIX, anyway.
@sfnative, I'm at Fidelity, which offers a sort of secondary I share class for at least some Pimco funds,…
WOW I know I was correct to leave Vanguard except for some of the Muni Bond funds. At Schwab I get the same advisor by email, phone, text or whatever
It was instant gratification to leave the Vanguard mess some years back. The only thing I miss ev…
Yep, ESGV. I think you posted about it earlier, @carew388, and I checked it out and put it on the short watchlist. Good chance I'll buy some. Thanks for the tip.
@carew388: There's also a fair bit of slowing & stalling going on in my investment universe just very recently (so far not damaging), e.g., munis, especially hy, and structured credit. It's IEF, EWT, and MSMLX doing the best job of keeping the s…
Was looking for a HY bond fund that had held up decently ("defensive?") in 1Q 2020. Found EIXIX with a 5.5% SEC Yield. $2,500 min at VGD (TF). May be my newest addition.
Seeing that you have the Rational options fund, fyi, they have a non-…
Parnassus webinar next Wednesday if anyone's interested...
https://parnassus.zoom.us/webinar/register/WN_A4yHk4IkSxyz_EtxUGtngQ
Hmm. Characterized as a "strategic partnership."
I interpret that as typical verbiage for how AMG assimilates things…
Parnassus webinar next Wednesday if anyone's interested...
https://parnassus.zoom.us/webinar/register/WN_A4yHk4IkSxyz_EtxUGtngQ
Hmm. Characterized as a "strategic partnership."
*Semper* Brentview Div Growth Equity, like the Semper of the junk MBS fund SEMPX and the sorta similar short duration debt fund?
Yes, it is. Wonder what came over them to stretch into equities, and if they have ambitions of getting their fingers i…
For many years the Yahoo historical data for funds included capital gains in the "dividend" historical data. Some time in the last three months, only "dividend-dividends" appear in the amounts. (Go look at a fund that pays sometimes-whopping CG but …
@Mav123: Thanks, I'll check out McMillan and Lee. From a quick look, Lee seems to spend some effort on crypto, not something I'm into.
H'eye has a bunch of different packages, and they've changed them around quite a bit in the past. Pro is for othe…
Curious, which "analysts" do you follow, and do you find them reputable?
@Mav123: A few, but the ones I pay most attention to are some guys who call themselves Hedgeye. They're data dependent and have a straightforward system. Their details are on a…
Been in Powell’s and it is a wonderful store, but I can’t afford the baggage fees if I ever go back to buy books. LOL
Ha! That is a problem. And if you drive, you need to haul a trailer along for the return trip.
If you buy books at Amazon, there are options, if not your local independent bookstore, try "the world's largest independent" (and for my money, I can't imagine a physical bookstore any better, if you're ever in Portland): Powell's City of Books. Yo…
@OldJoe, dunno if you're responding to me or not, but I was talking about investing. All of us should expect to see prices going up on anything related to ag commodities; after six straight years of negative returns (which does NOT mean food prices …
Junk and semi-junk munis and securitized. Yup: PTIAX.
Hiya Crash, Their limited total return this year is down to the kind of munis they own: long term, IG, and rate sensitive. That's overall/longer term a decent way to barbell lower quality stru…
This "trend" may persist. />
Yes, it sure may. My choice now, though, is not to put new money in. The big traders have already made a ton on that trade, and as far as it's run, the upside from here may be limited. Some of the commodities I watch…
Hi @Mona, nope, haven't posted on Armchair. I'm just doing my own investment thing and spending a lot of time helping get a startup nonprofit off the ground. You must be enjoying the junk & semi-junk muni ride; that and securitized credit have b…
Best to keep in mind how today's inflation number is calculated - year over year - and what was happening a year ago.
Hank's right about the usual inflation-related investments having already been bid up, starting months ago. In the case of the an…
Good posts, @dtconroe. That's my investing style too. Loving the hy munis right now, and the Semper (and others') bounceback has been great. All the best -- Former M* McMontana.
Vanguard has a good deal on availability of Pimco's cheapest institutional shares (I as opposed to I-3). That was the only semi-regret I had when I moved out of Vanguard several years back.
Good info, Fred. Haven't really followed it, and it's an eye opener how tightly the allocation is tied, within tight bands, to the S&P. Time for me to take a closer look.
One etf, which unfortunately, I don't recall, I purchased at Schwab after Fidelity said the limited volume made the etf an illiquid investment. The trading volume was around 2k shares. After that experience, I try to limit my etf purchases to those …
David, your MFO plan sounds so, so, well, sustainable! Best of fortune for your next chapter(s), and toward your continued involvement here, which would be great.
Oh, and your ESG fund roundup in this month's issue is outstanding. It's a keeper. Ma…
Taiwan is still in the business, and that may be at least part of the reason the Taiwan equity etf, EWT, is shooting out the lights while broader Asia funds aren't.
@Old Joe, did you look at the graph in the article? I think you're right, in the sense that energy is a lot more volatile than food and is most responsible for CPI swings. Just googling around a bit for that info, it does look like food at least sin…
Food and energy are excluded from core inflation because they're so volatile, up AND down. YOY comps would yoyo all over the place if they were included. (You wouldn't want the Fed trying to make monetary policy based on shorter-term swings.)
Core…
