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 was tickled by the note under the shark pic :"This image has been resized to fit in the page. Click to enlarge."
I was afraid to follow that last command.
David
That's a great song (featured in the movie Tin Cup) and an important axiom to remember, especially when investing ---should I sell now or hold on and hope this stock/fund goes higher.
David
Along the same line:
Reporter to farmer " Wow, you just won a million dollars in the lottery! What are you gonna do with the money?"
Farmer: "I guess I'll just keep on farming until it's gone."
David
And there was the Linda Ronstadt version of this song (and many others).
"There are two kinds of men in this world. Those with a crush on Linda Ronstadt and those who never heard of her." - Willie Nelson
David
Donna
As you say, your grandson will begin to learn the ropes pretty quickly (once he has skin in the game). So you're not trying to select a fund that he'll have to keep forever.
He's young and has time on his side, so he can be adventurous. QQQ o…
I bought some FVAC today. It seems to me that a very positive factor is the Pentagon funding -- the US doesn't want China to control the rare-earth supply.
This method of "going public" is new to me -- FVAC is a "blank check" company and MP was a p…
Your speculative play has paid off -- FVAC is up to $12.40
Did you get in at the initial $10 price?
A relevant article: https://investorintel.com/sectors/technology-metals/technology-metals-intel/us-rare-earths-industry-comeback-begun-mp-materials-a…
@johnN
That would be 4.04% per year (compounding continuously) in the growth of the share price. Consistent with Derf's note.
Are there also dividends which would figure into your total return?
So the recent 8.65% is a big improvement over histori…
I also remember class coming to a halt and somebody pulled out a transistor radio so we could listen to lift-off. This was during my Fr/Soph years at Georgia Tech, where everybody was invested in the space program.
David
Point taken. I hadn't yet gotten around to comparing ER (or holdings).
I've considered FSPTX in the past. In a previous era, I held T Rowe Price Science & Technology fund in my 403b; it did very well.
David
I'm a fan of sector funds, in small pieces. They can become big pieces in the right environment.
A few years ago, I had put some money in the Fidelity Biotech fund FBIOX. It hit a favorable spell and grew quickly. I decided the pace was unsustainab…
Retirees on Social Security and Medicare also have an incentive to limit their income (or at least watch it very closely). The Medicare premium brackets are tied to income. Go one dollar over an IRMAA threshold and a married couple could pay $2500 i…
@ Mark
My reasoning for conversion - if I assume that the positions grow at the same rate in the Roth IRA as they would have in the IRA, the tax hit will be smaller (eventually) because the growth won't be taxed. I'll probably stay in the same tax …
Trump announced that he has word from Russia and Saudi Arabia that they will make large cuts in production. Maybe, maybe not -- he's made pronouncements in the past. But oil stocks predictably jumped up: Chevron up 11% today, Exxon 8.4%.
If I were …
The Axios reference is really up to date.
Note the US data:
Total confirmed cases as of 7 p.m. ET: 7,769 —
Total deaths: 118 (That's a 1.5% mortality rate; maybe social distancing is working)
Total recoveries: 106 (still a lot of active cases)
Nice reference; lots of up-to-date details.
As of this afternoon:
217,583 cases
8936 deaths (that's 4.1%)
84,383 recovered (so there are still many active cases)
Among the deaths:
a 34-year-old Indian soldier
a 56-year-old Brazilian
a California …
A couple of days ago, John Rekenthaler had an article on Morningstar "Why not 100% equities?" This would be in comparison to the traditionally recommended 60/40 portfolio.
He referenced a 25-year old article on the topic and talked about options and…
From the linked article: "That’s because 84% of stocks owned by U.S. households are held by the wealthiest 10% of Americans, according to an analysis of 2016 Federal Reserve data by Edward Wolff, an economics professor at New York University. "
Wha…
@msf So the SALT rule causes even more complications than anybody expected!
What are the chances that the members of Congress foresaw such issues? Remember -- the Tax Law was rushed through the majority's approval process. And this from the party th…
A tax question slightly related to this discussion: if I get a state tax refund but I don't use state tax as an itemized deduction on Federal taxes, do I have to report the refund as income next Spring?
I wonder if H&R Block and TurboTax know ho…
A good opinion piece/commentary. It's hard to believe that the small tax as proposed would have the huge scary impact. Somebody needs to come up with a lot more detail.
David
Derf, yeah, there is a fee at Fidelity.
It's T. Rowe Price Multi-Strategy Total Return Fund Investor Class. Many of the Investor Class funds have fees.
There is also TMSAX : T. Rowe Price Multi-Strategy Total Return Fund Adviser Class,
but I guess …
This has been a very nice exchange of ideas and facts. Thanks to Bee for initiating it and to everybody who added to it. This kind of conversation is one of the major strengths of MFO.
It made me curious about how Fidelity (where I do almost all of …
My wife and I opened Roth IRAs at the end of 1998, at Fidelity. At that time. we only invested in mutual funds. We figured on a long time frame so I wasn't worried about volatility. I told her "here are the two best Fidelity funds -- Select Electro…
"More specifically, demand for actively managed equity funds isn’t there. They experienced more than $204 billion in net outflows for the one year ended Oct. 31, while passive equity funds had net inflows of $222.3 billion."
The index fund/ETF effe…
The article is about individual stocks and ETFs, but there is a mutual fund in this space: Fidelity Select Semiconductors (FSELX)
It's my largest holding (held in my IRA) and I'm smiling right now -- total return: up 55% YTD, up 19.55%/year for ten…
The most aggravating part of this is to call the IRMAA an extra insurance "premium". I don't get any better health insurance by paying this higher premium. It's really a TAX on higher income.
I'm in favor of a progressive income tax, but not a progr…
I've raised this issue before -- if one were suspicious, one might think that Trump is playing the market for somebody's benefit. Easy for him to do because the todays' computer-driven markets respond instantaneously.
Cause a big jump, then sell.
Or…
Could Trump be playing the market?
There's a lot of dismal news for him to counteract.
If he makes some promising-sounding comments, we'll be up and then on to the next 60 seconds of the news cycle.
David
