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I didn't see that as I didn't think it was worth the effort to try to undo something I apparently had no control over.
IT is hard to understand exactly what they are talking about.
The quote still seems to refer to a position that cannot be value…
I stumbled across TPL and Horizon in early 2021 and doubled my money in about six months. I sold at $1200 a share mainly because it seemed too good to be true, although it has doubled again.
The stock price does not parallel the price of oil or na…
@LewisBraham
What I find inexplicable is the timing.
I understand that on July 15th the rarely sold securities in FARIX were "estimated" to be worth X by their valuation firm. This allowed them to price the fund at $9.20.
OK, But then what happen…
@sven
It depends on your views of inflation. At 70, while I was not investing at the time, I am old enough to remember "Stagflation" in the late 70's and 80's. My wife and I thought we had it made in "Dreyfus Liquid Assets fund" that paid 14% (?). …
@derf
You read what I meant correctly the first time.
Twice I have had a mutual fund company several months later change the price at which I sold their fund, to their advantage I might add.
In 2016 I sold MBXIX in two of our accounts at one p…
In addition to the threat of authoritarian control and Xi intervening in company management whenever he feels like it ( as he has already), there is the issue of manipulation of numbers. I don't see how you can calculate a "P/E" when the "E" can b…
FYI
I put in order for new issue Muni at Schwab. Only option for order was "day only" although auction closed two or three days later.
Next day order listed as "open" but "day only" although it was a day later.
Didn't close for three days.
It wo…
The studies have demonstrated decreased hospitalizations and deaths, but as far as I am aware have not shown shortened duration of illness and I am almost certain have not shown less Long Covid.
bought 2 year CD at Fido yesterday 4.7 % from Goldman Sachs. I am staying away from Ally bank, Discover and unknown banks
I had a couple of CDs go bust in the 1980s. Eventually got my money back but it takes a while
extending maturities out to 5…
I have not upgraded to "Investor" because the only portfolio manger they that I have shows there are transactional ones, and I use a watch portfolio to consolidate all m positions. They only show one of my watch lists, and this one I created in Jan…
The other issue which he addresses is the price inefficiencies required to build a ladder for less than $500,000
I can't imagine someone with only $100,000 in total retirement savings ( unfortunately there are a lot of Americans in this boat) wou…
@Yogibearbull
I hope you and your wife get well soon and avoid long Covid. The latter is a real issue although only the "liberal" news media wants to acknowledge it.
It is all so politicized. GOP out today trumpeting that their refusal to lock dow…
I have 80 year old friends who are 90% equities and are very worried. They are having to seriously reduce expenses of new purchases. Not cutting into food or gas yet, and their house is paid for but he wanted a new boat at $50,000 and he thinks he…
Much of the stuff I read indicates that current "hope" is for Fed to slow the rate hikes and then "stop" next year. I assume this is why with YOY CPI running 6 to 8% the breakeven tips/5 year treasury rate is only 2.4%. This scenario says buy LT …
@AndyJ
Nygen's colossal error with WaMu made me believe the entire "shop" was and is suspect.
this ranks with the Sequoia disaster, and I can never understand/forgive the board of directors for allowing this to happen.
While there are many ar…
Maybe he will move to Malta or New Zealand like Thiel and we can be rid of him.
Twitter is great for breaking news, but I will quit the day Musk succeeds in buying it
I think interest rates will be lower in 2 to 3 years, so I would buy either 3 to 5 year treasuries or solid corporates that are non-callable
Does anyone else have different ideas about how far out to go on the yield curve?
Any body tempted by "ma…
@BenWP
Schwab ( and probably TD) "banks" are weird. They may be banks but I have had lots of trouble moving money between Schwab and other brokerages using their banks. moving money to and from a bank doesn't seem to be a problem.
B+M banks seem …
I was very leery of VWINX and other "allocation" funds. Everyone knew the stock market was close to peak PE, but when interest rates were so low last year, the protection bonds offered in the past disappeared, especially as VWINX duration is still …
There are several other alternatives that have been trading for a while with higher volumes
https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-vehicle-etfs/
BATT focuses on batteries for EV…
I echo all of the above statements. Michael Price ran the first mutual fund I bought (Mutual Shares) in 1989. I hung on to it and Mutual Discovery until David Winter left. The capital gains were a problem, but not unlike other long term positions…
Chart from ETF.com shows even short term treasury ETFs have lost money, as their short term bills have declined in price as interest rates go up.
https://www.etf.com/sections/features-and-news/best-bang-your-buck-isnt-short-t-bills
Floating treas…
I am surprised the market is not down more, but I think that has to do with earnings only just now starting to drop. A lot of this may be due to the strong job market ( with millions of people still not wanting to work because of covid, disability …
@LewisBraham
Unfortunately this is not the ugliest and most dangerous "completely false" tale being pushed out there, but it reinforces the others. ie the "Deep State" has control of the Government and is consciously trying to destroy traditional…
STOR was in the news a while back about all sorts of management issues when they fired the ex-CEO and co-founder from his position as executive chairman without giving a reason. That is probably why Buffet bailed, as did I.
Anybody tried the M* Investor portfolio manger recently?
They apparently ignore all but one of your current watch lists when asking if you want to transition from "legacy". The watch list they offer me I deleted sic months ago, but there it is. No…
I tried Fridson for a year or two recently. It is relatively cheap ( $200 ? a year) but the suggested portfolios are only changed once a year, and even the "lowest risk" one lost up to 20% with recent interest rate hikes.
The newsletter "follows" …
just looked at new issue auctions for Treasuries at Fidelity. the official schedule shows many bills 4 week, 8 week, 26 week etc for Tuesday, but the FIDO trading platform only shows 5 Bills earliest maturing Dec 2022.
Can you access the full auc…
I didn't have any trouble switching my wife's IRA from mutual funds to the VBS a year or so ago. I also just moved one account out to Schwab, all online, without any issue.
After moving the account, however, I can no longer log in to get tax docum…
I am reminded of my sister's son in law in Texas who objects paying taxes for AMYTHING!
What about road maintenance? "I have a 4 wheel drive Tundra and can go off road"
what about education? " My kids go to private schools. Why should I pay for …
Every fund/ETF company is jumping on the "Climate Change " bandwagon, but I think there is a good case to make for active management here, as the technology is rapidly changing and sophisticated engineers and mangers can add a lot of value by knowin…
