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 don't believe anyone in their right mind is opposed to taxes. However, we're talking about a Government that is unable to pass a bill that isn't bloated with pork, State and Federal. They just can't do it. Those of us who are opposed to any new…
Could you send the link to me privately if you feel it isn't appropriate to mention here? I use active management, but I know I'll have to rely on index funds once I'm gone.
@Bitzer: my intent is to provide a 4% payout (yearly) to my children and their children (linked by DNA to me) who are over the age of 50 for as long as it will last. So, I'm thinking Dynasty would be the way to go since I'm not interested in skipp…
@little5bee: From one control freak to another, I thank you! :-) My Wife and children have little knowledge of, and for my children little appreciation for what has gone into building a portfolio. I just want to make sure they are taken care of …
@hank: I have no problem with anything you've said. We had and continue to have growing pains. Are we perfect, surely not, but I can't think of any other place I'd rather be. Love this country and everything I believe it was intended to be.
When our system of Government was created, I imagine the focus was to create a structure that would make it extremely difficult if not impossible to artificially create a class of people. Thank goodness they thought of the 'Bill of Rights'. Imagin…
We could duel with links all day. Democrats have been pimping the poor for decades. They always say, 'we understand you, ', 'we want to help', while voting pay raises for themselves, while businesses leave and the city around them becomes poorer. …
@Tampabay: Ban Democrats and everything will improve. No doubt about it. Show me a failing State or City and there's a group of Democrats that have been around for too long.
It would be nice if more employers offered 401k plans, but who would use them. And, if they had them, would they use them properly. My employer offers one, but from conversations with coworkers, few actually use it, even though the employer matche…
It does depend on timing. All this buy and hold advice that constantly floods our media really does not apply to retirees or those close to retiring. The risk tolerance changes for some and with that so does their asset allocation.
It is a fine ba…
David Winters' theme has always been, he charges the fee because he does the work. As others have pointed out, look at the performance during the 2008 crisis. He says his fund is a Hedge fund in Mutual fund clothing, but look at 2008. I'd rather …
There used to be a time when you could walk into a Radio Shack and depend on their expertise (much like Circuit City). And then, the faces behind the counter became younger and younger (like Circuit City). Their expertise went away and now, so hav…
I've tried to have an honest debate with you, but I'm faced with the question, is there anything I could say that could reach you? I'm faced with the reality of the answer being, no. I'm fine with that. Have a good night.
'Do you read in this area at all?' Hm, interesting way to start. 'Are you seriously aware of the actual variables and issues here?' Another unnecessary jab but so be it. You are correct the state budget is not like a household budget, in any wa…
I am reminded of a quote by a famous Republican, 'deficits don't matter'. That statement was ridiculous and offensive. Obama once made a campaign promise to cut the deficit in half. He knew it was a lie at the time, but it sure did sound good. O…
The best part of this election is the Supreme Court's make up will not change while he's in office. He'll write Executive orders until his hand falls off, but these things can be reversed.
Better yet, get a pump shotgun. Even with a handgun, unless you practice and create muscle memory, accuracy may be an issue. This concern decreases with a shotgun. I've also made use of cameras (inside and out). It is especially useful to be abl…
Agreed. That's one of the reasons I like FMI funds (a very deep bench). Never paid too much attention to Harbor International, but you are correct, knowing the process can be continued is a definite plus. I owned Dodge & Cox until they began …
Don't be too fooled by the performance of HFCSX. That portfolio was constructed by Chuck Akre. I supposed something can be said for the fact they didn't screw it up. But, it is somewhat deceptive.
"Maybe this bodes well for AKREX, since M* is showing that 2 of the analysts are now portfolio managers along with Chuck Akre". Yeah, I believe that's his way of making sure the new group has a stake in the firm. If I recall correctly, the former …
"Hard to find a manager that good, and consistent." I feel fortunate. I've been invested since the 90's and the day he left FBR, I sold and I followed. I've learned from listening to him over the years the role psychology plays in investing. If …
