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.
One of the better commentaries on energy, oil, natural resources and uranium is from Goehring and Rozencwajg Mutual fund. They have a significant investment in Uranium
http://gorozen.com/research/commentaries/3Q2022_Commentary
I agree with the sentiments, but rather than start a new thread, I used this one to point out the apparent inability of some politicians to understand we are all in this together.
However, it is hard to have a discussion about "climate change" in…
@stayCalm
When Miami sinks, DeSantis will demand all the other US taxpayers bail them out, although he voted against and railed against aid for Super Storm Sandy
This would sure shake my confidence that Vanguard just sees Climate Change/Carbon transition as marketing and now the winds have shifted a bit. I tend to believe their new "Vanguard Environmental Fund" VEOIX VEOAX will soon be defunct
Typical Van…
I looked at the rates on almost everything Monday, taking into account taxes. and checked again today
Non Callable CD from WFC December 2024 4.7%
Treasuries today are paying 4.2%
Depends on "Will I need the money before then" I guess
I spent several hours looking over the CEFs mentioned in Barons. RIV popped on Monday but now is down . The SPACS he mentioned are almost impenetrable as there is little information about their strategy.
I wonder if, as the deadline to return al…
I have always been a bit suspicious of Rida Morwa's many many posts on Seeking Alpha.
They all seem to promise unlimited income with no or little risk. The articles are well written and seemingly wise and appear to offer great investment opportuniti…
@LewisBraham
I wasn't generalizing about health care unions, just reporting the fact that much of the opposition to the much needed merger of the two hospitals in a very small town ( big enough for only one, really) came from the nurse and hospital…
Years ago the biggest issue with non-profit hospitals was the insider dealing on the boards, esp the smaller ones. CEO puts buddy lawyer on board. He gets all the legal work and votes to increase CEO pay and benefits year after year after year. Sa…
@LarryB
I do not necessarily disagree that non profit hospitals can be just as predatory but they tend to be more responsive to consumers when their abuses are publicized.
In CT, Yale and Hartford Hospital Health Care own over 2/3s of the hospita…
Another well written and hard hitting Pro publica article on health care.
Our local hospital was bought by Prospect Medical, a hedge fund, with dismal consequences
https://www.propublica.org/article/investors-extracted-400-million-from-a-hospital-…
I have dabbled in a few small companies but it is hard to 1) pick the correct technology and 2) even harder to predict it will work.
There are many people, with much more engineering and scientific expertise that I have, spending their careers on …
Thanks
Quicken can handle individual bonds, if you can download updated prices from your brokerage, although there are some glitches in calculating returns
@Sven
I would caution folks about paper filing, if you depend on the refund. We are still waiting for my mother's refund from 2020, which had to filed on paper because she passed in early 2021. I am certain they received it. Not only did we send…
One final comment.
I was not trained in "preventative medicine" but I practiced holistic medicine as I tried to help patients make decisions that were right for them as people and not tell them what to do. I would document for them the expected res…
Funds with rates that can float upward like RPHIX will continue to do better until rates start to drop. Unless you are sure you can tell when that is, you make be behind your CD or Treasury rate over almost any time period.
While I assume most of u…
I assume the board is running out of interest so I will not answer all of your points in detail, but am happy to discuss further if you want.
When I graduated from medical school in 1978, over half the class went into internal medicine, as it was …
@OJ
There are two major factors involved that we haven't mentioned ( although I alluded to one of them above)
The first is of course that we have a "Disease care system" not one trying to improve people's health, and a lot of our lower life expect…
While the article does not say, am I correct in assuming this only happened when using the online versions?
They also don't say if TurboTax was affected. I would assume so.
@ LewisBraham
You are referencing salaries paid to trainees in residency programs, not what a licensed physician bills and gets paid for to see a patient.
I used "medical intern" as the minimal amount of training most states require to get a lice…
SVWXX 7 day SEC yield is 3.71% today. Taxed at 22% bracket plus Mass ( my state) income tax ( 5%) is 2.75%
SNOXX ( Govt obligations) is 3.45% or 2.691% without any default risk ( Repos are minimal so now state tax free).
For PRHIX, I don't …
@LewisBraham
There are myriad of reasons why the "health care is a right" movement, which was very popular when I was in medical school in the 70s, foundered.
The libertarians went after it, claiming that if people had a right to something, the pr…
any idiot who walks into a state of the art Clinical Lab and looks at the enormous size of machines that run even simple lab tests ( ie blood count) would know that they could not be miniaturized
Thanks for the link. I hate to pay $ to Amazon, but…
If I were China I would know I could kiss all my USA investments goodbye if there is a war with Taiwan
More concerning is our dependence on them for materials, especially rare earths
I still fail to understand how George Shultz and Jim Mattis would join the board without asking first to tour the factory and to have their own blood "drops" run on a Theranos machine in front of their own eyes, and compare those results to ones the…
I bought some TSM ( along with Warren who would know; I wish I could say he called me with a tip) and AMSL when they were both down. As TSM seemed to get worse I was going to sell but didn't!
I have found this guy's daily market commentary very worthwhile. Other than a trading perspective on the market, which I don't use much he has other tidbits. Today he notes that speculators have shorted two year treasuries futures in large amounts,…
there is USBank 4.58% 3 year CD non-callable. Several other 3 years CDs, but all callable
I skimmed through the other bonds
Almost all either corporate CDs etc being offered at Schwab are callable.
Maybe the "smart money" assumes that interest …
I am less sure this is just about crypto, but more about simple fraud.
it seems SBF used customers assets in the non-US subsidiary as margin for shaky investments in FTT etc, and then CZ pulled the plug on FTT but dumping his entire position. CZ…
What I read indicates that there will be massive amounts of bonds someone needs to buy with the increasing deficit and the fed "rolling off" their inventory with QT. They won't buy more when the bond matures, but money has to go somewhere
There is…
I would be careful accepting that inflation is declining based on one reading.
I saw some data that this PCI report has Health Insurance premiums dropping 4% in a month.
That sounds pretty fishy to me
I heard his net worth went from 35 billion to zero in last month
And it looks like poor little Tom Brady got hit too. That's what he gets for dumping Giselle. Imagine telling your wife and the mother of (some) of your children like that "I would r…
Rates and the inflation rate probably depend on 1) the unemployment rate ( which probably will not drop as much as expected in a recession, with 3 million long Covid people unable to work), 2) Economic activity if there is a serious more than two q…
You can find non callable agency bonds
For example FHLB 3.5% 7/2032 YTM 4.77
Beats equivalent US Treasury YTM 4.2
All depends on if you believe interest rates will be lower between now and then
@Old_Joe @JD_co
I share your dismay with bond funds, as they have produced a miserable return and lost principal. A year or two ago, no one seemed to believe the old adage that the return of a bond or a bond fund is essentially it's yield. With…
The risk with bond funds is if you guess the move wrong and rates go up. The NAV will drop.
with individual bonds you know you will get back par.
Rather than relying on the CPI, look at your own personal interest rate. If you don't need a new car…
