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Pretty soon we will hit the 100th anniversary of my father's getting a few shares of what is now XOM from his dad who worked there.
I still have the original broker tickets. When he died the cost basis was close to $4 a share
I dont think it is the employee's fault as I suspect they are rushed through training and put to work ASAP
although I have to say there are some strange things going on at Fidelity.
My wife and I moved a small (LT 10%) of her account to Schwab to …
I just read the last two issues. Some Useful stuff esp lists of undervalued fund and markets. . I need to see how accurate M* P/FV metric really is.
The Goodhaven article is interesting, although I am reluctant to invest in a fund with so much beh…
My favorite bitcoin story is the son of a patient of mine who Dad said maybe 10 years ago his kid had some huge amount of Bitcoin on a thumb drive in his safe deposit account. Even then it was worth several million dollars. He said they were never…
I emailed MassTax Connect ( dept of rev svc website.. Connecting directly to my wallet!!)
They replied quickly that this interest payment is apparently not considered similar to Treasury or Mortgage Bond interest and is subject to state taxes in M…
NYT reports today without real evidence that authorities in SC think it was suicide.
Seems odd as he was supposed to testify at the whistleblower trial but didn't show up
As they refuse to allow fund owners to vote for anything involved in company management, like the Board or policies etc and refuse to publish employees salaries and incentive plans ( higher paid employees seem to earn some kinds restricted stock ) …
I bought both GRID and NLR as part of climate change sleeve . Most of the more speculative clean energy stuff has cratered with rising interest rates, but Grantham thinks it is coming back ( see his recent letter)
Valueline Climate Change. newslet…
Good read but no surprises for anyone who has followed Grantham even peripherally.
I am not sure even his QUAL and recommended non-US stocks will survive the apocalypse he sees coming in the climate and human health. Nanoplastics are a real threat…
this and the shameful massive use of options which are not expensed, and then company claims stock buybacks benefit shareholders when all they do is retire the dilution from the options.
GRID is great!.... 20% Utilities. Tracks an opaque index NASDAQ OMX Clean Edge Smart Grid Infrastructure QGRD, which has beaten global equities recently
https://cleanedge.com/data-dive-charts/Smart-Grid-Infrastructure-vs-Nasdaq-Global-0
NLR "…
We cashed 3 paper $10,000 Bonds after my mother died. The bank required all three of us to sit in front of an officer fill out pages of junk notarize it all etc. It took over an hour. What a pain.
Yes it appears that the utilities in less regulated states with higher growth rates are also at the highest fire risk. You need a pretty accurate and detailed map to sort this out. Maybe New Mexico? I remember seeing a lot of pine trees at highe…
For those of you with a greater risk tolerance than I, this is worth looking at. While I dislike Munchin's politics immensely and think is wife is a disguising, ethically challenged jerk, he did turn around IndyMac. Of course one of the ways he d…
I am always intrigued by the reported success of AAII "Shadow Stock" portfolio which specifically targets stocks under market caps of $300 million, which AAII claims are "better" stocks for individual investors to own.
They sell when the market ca…
Sold some of daughter's AMZN and APPL ( they were up to 20% of her accounts) and bought COWZ and Smead Value. Put her new Roth IRA $ into SFGIX and MOWN
Munchin did such a great job as Sec Treasury too!
Can't wait to see how this turns out. But if I remember correctly, he has a lot of household expenses to pay for
I owned it for 10 years or but finally sold it in 2017 when it had sorta done little.
It looks like PVFIX has put up better results since I sold it ( of course!) and gained 24% last year while 50% in cash. Not bad
It will all depend on when the Fed cuts rates, ie if interest rates trend higher as the economy holds up
Who knows? A good rule of thumb is to try to match the yield to the duration. Currently anything out past 5 years could be a problem.
Long ter…
In taxable accounts at least, without rebalancing your gains in successful positions can become so high that it is psychologically almost impossible to sell.
With a fund or ETF you have some automatic rebalancing (unless you own Barons Partners 50…
The folks at PVCMX explained this all to me in some detail when they opened up.
The fees and restrictions are different for each platform, but are expensive. Small funds have to start somewhere so they usually pick the place that charges them the l…
In all our accounts, ie retirement and non retirement about 31% stocks, mostly US
YTD up 1.5% with almost all gains of course in Large Caps. Rotation to my Energy, International etc has stalled out
There is a lot of chatter and even some well reasoned thinking that health care may do well this year.
In particular medical device companies and pharmaceuticals supposedly may play "Catch up" as people get surgeries they postponed during covid. B…
Dipped my toe into China. Just a little bit. India is getting all the attention but seems pretty expensive, and when 40% of investors in a survey believe China is "uninvestable" sentiment seems like it can hardly get worse.
Sentiment is so negativ…
I did some math for my state Massachusetts, which taxes income and LT Cap Gains at 5% but ST cap Gains at 12% !!!
If you hold BOXX for over a year there is a small benefit; you pay 15% plus 5% vs 22or 24% etc ( depending on income)
IF you sell bef…
I would either buy an equal weight basket like RSPU or an actively managed fund whose manger seems to know how to avoid disasters like PGE or focus on firms servicing rapid growth areas like Texas and South without huge fire risk. Florida has hurr…
I think you have to look carefully at the states that each utility operates in. California is to some extent a worse case scenario, although PGE may also be a worse case management scenario. None even inspected those 100 year old hangers and never…
Tried two browsers cleaned cache etc
Nothing works.
I now believe it is Rida Morwa's revenge for me making fun of his crazy "can't loose" ideas that all pay 14% with no downside
@crash
From what I can tell Park is perma bear, perhaps influenced by the dire predictions of the Canadian Housing Market. I only listen to a few things, as I don’t like to spend time on podcasts or Youtube when I can skim written text quicker.
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