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.
@Crash
For some reason M* portfolio manager does not list even a $1 as the asset price for most Schwab MMF. ( Some of Fido's work fine) I have to do a manual transposition to another symbol or just put in "cash"
It is interesting he makes such a big deal out of GLP-1 but apparently has only a small % in Lilly and no NOVO. While detailed portfolio stats are not available except for 12/31 the most recent Quarterly fact sheet shows a persistent 17% in healthc…
All depends on the landing. If we get a recession Treasuries are the place to be.
Anybody else lengthening the duration of their bonds? With what vehicles?
While High Yield has held up I am getting more cautious here too
FWIW His " Pre Merger Spac " ETF SPC has been a somewhat low yielding ( 4% last year) steady eddy for over three years now. They aim to buy SPACs that have lots of cash before a merger and if there is no merger before the timeline the cash has to…
WE have sent money and stocks to our kids and daughter-in-law at Schwab from our Schwab account without an issue once we set it up with a form. No Medallion required but I think it had to be notarized
I read this after I read his first book about the collapse of Lehman "Colossal Failure of Common Sense " which is very very good. While I suspect he was not as prescient in 2008 predicting the collapse of his firm as he now says he was, he does see…
I think it all depends on your belief in why people buy stock.
If you buy stock believing it will give u a share in cheap cash flows that will increase as the company does well etc and make your investment worth lots more? Buy value stocks carefull…
It all depends on your time horizon and how much you need the money.
Big Tech was flat for a decade after the Dot.com boom but that ignore the 45% or more drop initially. Small caps EM etc did much better
Earnings estimates for SP500 are dropping…
@crash
i worked at the VA for 8 years. The most frustrating experience in my life, based on quality of care. But I got paid. In private practice I would gladly have taken care of veterans ( and Title 19) if they had a system set up to pay me. The …
The fact that MA GOP accepted a 63% drop in their vote without wondering why and changing course speaks legions about the take over of the GOP
Of course my woke cousins on the West Coast think MA is now heaven because we have a lesbian governor. At…
@crash
We lived in CT, run as a one party state for decades. Budget deficits, huge government worker ( all unionized) pension and retiree health care deficits ( over $65,000 per person with a declining population). The only thing that saved them …
I do not think Big Energy Big tobacco or big pharma ( or little for that matter) can be trusted to do anything other than maximize returns for 1) first their CEOS and top management ( if they put their shareholders first, most CEO's pay packages wo…
@David_Snowball
Thanks for the history. I have always been a little concerned about "key person" syndrome where all of the outstanding attributes of a company or investment are attributed to one person. One wonders why these two guys developed d…
If I thought is would do any good, I would post a line by line refutation of @Baseball_Fan long list of "fake news" above.
Clearly, as he has already decided that the falling major crime statistics in a lot of cities are due to intentional underrep…
I do take some comfort in the fact that Trump does not seem to be able to avoid telegraphing what he will do as President. The more people hear about what could happen the better, but the worse for our standing in the world and the more leery our …
@stillers
Almost nothing other than the Mag 7 has been up more than 5 to 10% this year.
6% in six months would, in any other year, be considered an excellent performance. It is only in comparison to NVDA or QQQ that OAKMX looks bad.
Comparing v…
@davfor
SCOTUS specifically listed the pardon as one of the Presidential powers that would be considered "official". It would appear to me that the President could pardon anyone who he ordered to perform an illegal act, and do it prospectively befo…
@devo
Any thoughts on ARTGX's international stock performance? A quick look shows ARTGX Domestic portfolio has some of the usual suspects META 4% GOOGL 4% BRK.B 4% but isn't loaded and no NVDA or MSFT, so I am unsure of how much support this wo…
@devesh
Interesting analysis but unfortunately Artisan International Value is closed except to existing accounts or advisors as is Artisan International Explorer (only advisor and institutional shares available, latter $1,000,000 minimum at Schwab)…
I still cannot comprehend how supposedly rational men did such an about face.
This is from Heather Cox Richardson "Letters from an American" ( highly recomended)
Presidential immunity is a brand new doctrine. In February 2021, explaining away h…
@MikeM
A bit over five years ago. He was a one man investment firm. I am sure he charged the usual 1.25% of assets or so and may have still used mutual funds with sig fees
I have dabbled In American Funds off and on but was never overly impressed
I knew one of their "top investment partners " or whatever they called their independent broker salesmen.
He was a nice enough guy but I didn't see why my investment dolla…
David
Since you will be meeting with M* folks in person, please tell them how valuable this individual investor finds the OLD portfolio manger. I have been using it for years and find it much better than the new version in "Investor".
The latter …
Enjoy yourself David. You deserve it.
Talk to as many Mutual fund mangers as you can. They cant be happy with M* increasing focus on Advisors. I think it is only a matter of time before they pull the plug on what few tools they still support for …
Are they considering large positions and what % of total assets? I would be cautious, as an individual investor, putting a lot of money in individual stocks. Why not pick a good dividend fund, a REIT fund and maybe a bond fund like OSTIX.
I woul…
It is odd that a company like Boeing could fall apart while others like Toyota can continue to build very reliable products, but I think it is due to a common factor GREED
The same ongoing disasters are very common in health care where the bean co…
@crash
I cannot say there is a lot of rhyme my reason. I have always gravitated to value metrics, but have been burned many times for refusing "pay up" for stocks with high PEs. Using some of the classic "Value funds" over the years has precip…
Overall portfolio is up 5% YTD about 40% in equities
"dividend' stocks are up 11% LT Growth US 9% "speculative" ( ie tech) 13% Energy 6%
International 14% Emerging Markets flat
The most surprising are individual stocks an advisor picks i…
