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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.
…
fyi Seeking Alpha response
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I appreciate anyone's reasonable, well thought out views and investing ideas, but I would hope that folks will not assume that other people do not have just as reasonable and well thought out ideas for their own investments, if they do not match you…
My folks in their youth would decide to "run down" to the Met with my grandfather on the spur of the moment. Saw dozens of operas.
My grandfather was in Budapest on business in 1940 (!) and saw Franz Lehar dining with his lady. He loved the Merry …
Yep. 11.5% in the 80s The first house we bought ($35,000) however we assumed an FHA mortgage. The house was not our first choice, on a busy street etc, but we didnt want to hock our souls and then some to the Bank
Sold it two years later for $55…
Good useful summary, although the example of worse case losses being 2% a year seems a bit optimistic. Averaged over 10 years it comes closer.
He doesn't mention the importance of the source of the withdrawals, ie taking money from bonds when stoc…
I have had much more success with Schwab than Fido, other than the MMF sweep issue. I have had an account exec who is permanent even though I don't use their portfolios etc. He is easily available but I usually use the Chat as it is quick and simpl…
I have not had the "sell one fund buy another" issue at Fido but usually dont do that. I find Schwab's attitude about Sweep accounts very irritating and is clearly designed to make money off of John Q Public. It seems nasty, especially coupled with…
@Old_Joe
What did you think of the piece?
I subscribe to Bloomberg and got his piece in email too. I am a bit leery for copyright reasons about copying the entire piece here, and got tired before I could sum it up for folks.
He does make a case …
Matt Levine in Bloomberg explains the difference and the apparent rationale
https://www.bloomberg.com/opinion/articles/2024-02-08/bill-ackman-wants-your-money?srnd=undefined&sref=OzMbRRMQ
I am not sure you can open it without subscription
SUNW is still an active ticker symbol, but it is for a solar company now. Lost 26% today because I posted on it! Down to 6 cents from $20 a share in 2021
@Yogibearbull
Remind me again how to post images, if you have a minute. Thanks for wiki li…
You might look at FPACX. You can buy it as Schwab and Fido for $50. About the same 50/50 but with a lot of cash that they will deploy down to may 30% bonds. Probably a little more equity heavy than WBALX
There are other conservative funds that …
another idea for down market strategies
Buffered ETFs like PJAN BURF or BALT There are over 100 of them in all flavors with limited downsides. down to a certain percentage. But upside is limited too