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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.

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equalizer

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equalizer
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  • Las Vegas Tourism stats June 2024 to June 2025 Metric Change Total Visitors −11.3% Convention Attend. −10.7% Hotel Occupancy Rate −6.5 Air Travelers (Harry Reid Airport) −6.3% Traffic from California (I-15) −4.3% International Arrivals −9.8…
    in Tariffs Comment by equalizer 5:36AM
  • Sold all GDL. Swapped it out for new position in TRTY. Gabelli’s (arbitrage fund) GDL wasn’t a bad investment for me. Just moving a few deck chairs around … in anticipation … of what? GDL reminds me of the airport code, but “oh no Guadalajara…
  • I hardly have MM. It's all in SNAXX at 4.29%. I’m sure you have better choices than lame MM. You probably don’t like to brag, but bet you have 10-15% in $TRUMP cryptocurrency, which for MM folks here, is up over 600% year to date. By far the best…
  • Smart people buy Toyota vehicles and hold them for 15+ years. Has been easy in California to keep cars for long term. Don’t know about newer cars. We had Camry V6 250,000 miles but totaled in accident. Body shop guy did minor fix and gave to his…
  • Toyota expects tariffs will cost it $9.8B. I’m sure they will respond by cutting auto prices in USA.
    in Tariffs Comment by equalizer August 7
  • Sold a few shares of Apple in Coverdell education account on pop today from new manufacturing announcement.
  • I have the fax machine story beat by a country mile. I once submitted order for a cd labeler and duplicator. Six months went by and order was lost. I resubmitted and months later a boss was asked by IT (their answer is always no) why couldn’t I j…
  • And if you want something liquid and FDIC insured, Marcus is offering 7 and 13 month no penalty CDs with APY of 4.15%. I would go with the longer term. If rates go up one can cash out and reinvest at a higher rate. Or if the Fed pushes rates d…
  • Biden”s 8 years of massive inflation wrecked our country. Thank goodness we have new policy so that Prices will finally go down after we punish countries with massive tariffs.
  • Did Chuck really hold tech stocks though? It is a quality value fund so even in Chuck’s prime in this market I don’t think it would have done much better. BTW, just voted on ETF conversion.
  • Gemini won’t reveal source for data, but https://www.tiingo.com/products/end-of-day-stock-price-data $30/month Claims to have data from 1970s, then can have AI write Python code to generate output needed.
  • Max drawdown period for all funds was Feb 2020-March 2020
  • Gemini supposedly using daily prices Fund Performance Metrics (Jan 4, 2016 – Jul 31, 2025) Fund Name & Ticker CAGR (Compound Annual Growth Rate) Max Drawdown Sharpe Ratio Sortino Ratio Marshfield Fund (MRFOX) 12.15% -30.88% 0.65 0.94 T. Ro…
  • Current yield of top 10 holdings is 3.5%.
  • 10 year return for SP 500 is about 13%, whereas health care fund returns average about 5% in same time period. Rolling ten year returns for VGHCX from 1984-2025 Big drop from 15, 12, 10, 9,8, all way down to 5%. How much lower can P/E ratio go …
  • Population of USA is 8 times larger than Canada, so expecting equal trade is asking a lot.
    in Tariffs Comment by equalizer August 3
  • Observant1, I’m sure Ed Owen had better skills, but the time period I’m sure was more conducive to health care in 84-2012 and easier competition in 80s? Will have to compare Vanguard fund 2012 to now with Fidelity, etc.
  • USA has trade deficit with Canada on goods (oil, cars) of $63B, but services surplus of $32B. (Tourism, software, IP). Tourism from Canada is going down, but much less than 50% plus expected, for now… However, President Trump won’t allow other cou…
    in Tariffs Comment by equalizer August 2
  • If you were leading a country like Brazil and wanted to maintain a healthy economic trend in GDP growth, but a large trading partner like the U.S. put up a huge barrier to trade, wouldn't you be compelled to strengthen ties to other large trading pa…
    in Tariffs Comment by equalizer August 2
  • Tariff excuse #6, I feel like it and I own the courts as Anna stated.
  • Using testfolio, not sure how accurate it is with weekly, daily deposits because it comes back too fast. Amazing what a 10.5% to 12.3% does over 30 years With $10,000 initial investment. S&P 500 $197,026.06 10.45% VGHCX $326,539.82 12.32%
  • Rforno, NVO down another 6%, now at 4 year low. UNH is in similar freefall, though it may be a safer choice?
  • The PGIM and Parnassus Core Select ETF (PRCS) look interesting. PRBLX has a great long term record.
  • Case for immigration 1990-04-13. I don’t think Lou brought on anyone he completely disagreed with. https://americanarchive.org/catalog/cpb-aacip-394-01bk3r9x
  • I was shocked by a Fox reporter who asked “Does the wait and see on inflation give cover for companies to raise prices? Powell said in 2018 washer tariffs but no dryer tariffs, but companies raised prices on both. Companies walk the street togeth…
  • NVO should have hired a friend of Dr Oz or Sen. Rick Scott for CEO position. Their actual pick for CEO is a terrible choice for USA market where friends are more important than anything else.
  • On the conservative side, starting a position in BALT as I read "The Nasdaq-100 just tallied its 60th straight finish above its 20-day moving average — its longest streak since February 1999." Also starting a position in WAIVX this week, removing M…
  • FWIW before buying CGIC, consider WAIVX. It's done better. I own it. Yes, that does seem like a good candidate, has same manager as Wasatch Global Value Investor (FMIEX) with good track record.
  • Looks like a good fund. I would mix it up with moderate global allocation fund like VGWLX Vanguard Global Wellington Fund Investor Shares
  • WABAC, Ben states that research proves that you should be fully invested, use index funds and asset allocation to match risk profile. Of course I don’t listen to that after getting burned 45%, 50%, 25% in 2000, 2008, 2020, etc.
  • Dick Cavett interview with Woody Allen 10:20 for question. Cavett”s show was before my time but really enjoy these interviews, especially one with David Bowie, Raquel Welsh, and Janis Joplin. Heard Cavett a few times on Imus radio show 2010s.
  • Only one seems like it was a good call. AAII Sentiment Survey, 2/26/25 BEARISH remained the top sentiment (60.8%, very high) This was at SP500 around 5900. Bearish all the way until June.
  • I shoulda got an advanced copy of the USDA monthly orange crop report from Mortimer and Randolph Duke.
  • “The Irrelevance of Dividends: Still a Non-Starter” by Ben Felix, CFA https://pwlcapital.com/the-irrelevance-of-dividends-still-a-non-starter/
  • Went to Kiplingers to check out current top 25 fund list and found a mistake. From Morningstar the 5 and 10 year returns for BEXFX are 3.39% and 4.52%. On the website for Kiplinger 25 funds, 5 and 10 year returns are shown as 14.6% and 10.8%. I …
  • Captain Mohan is only person in India that has publicly said that pilot is likely responsible. I saw a segment on NDTV with Captain Mohan vs four pilots who were debating him and claiming it couldn’t be pilot action. I couldn’t watch. In Asian cu…
  • Yogi, If TCMA cut off fuel, then putting switch from off to on wouldn’t turn engine back on, but in this case one engine did get a little power in that 15 seconds.
  • Old_Joe, Was ready to post the recall. If these clowns want to save a dollar on critical piece of hardware, what else are they going to compromise on? Thinner paint?
  • Same downside as SP500, so what reason is there to buy even one of the best convertible funds? -15.7% in 2022.
  • When you want to make a transaction on the 529 plan, you log onto your Vanguard account, not some state Government website. While Vanguard does not technically own the 529 in a legal sense, you make transactions on your Vanguard account. So why mak…