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Having read this and thinking I might kind of understand what's going on here. But could someone break down exactly why negative swap spreads are troubling? My assumption is that it implies someone is getting a free lunch. Which is always concerning…
Even when we no longer need oil for energy it will remain a major component of plastics and pharmaceutical processes.
A different scale for sure, but worth remembering that it's not juts used for energy.
One of my high school teachers was contracted to help write a textbook supplement once. He agreed but refused to let them use his name. His comment:"putting in the hours they paid for didn't result in a book I'd want my name on and they weren't wil…
I'm keeping RWGFX, which I bought when I became concerned about valuation. I think that as long as the bull market continues (which I assume will be at least a year) that they will underperform, but that between now and the bottom of the next bear t…
As I recall @David_Snowball said something about three bad years in a row being a good indicator that things weren't going to come back. But it seems to me that the fund is performing as advertised. As is RWGFX.
Pondering keeping ARTWX versus putting the money into the global stalwarts GGSOX when grandeur peak opens it. Otherwise doing nothing except monitoring for when it's time to exit ZIV.
I moved my holding from Fidelity just before the hard close and have been able to add to my holdings in Grandeur Peak, not sure what would happen if you moved them now, but their phone help is usually very good. You could call and ask.
@Old_Skeet that's a very fine point, and should probably even include compounding effects over time. Just at not yet even 30 in age the actual number of dollars can seem very small right now. In terms of what is my hourly wage, but I guess I should …
Since I started reading this forum and actively managing my money I've tracked the difference in returns between my portfolio as it has evolved and changing nothing but keeping it at where it was prior to paying attention. Since April 18th 2013 mana…
Out of curiosity I checked my portfolio ytd, currently up 7.01% Now if that's skill or luck? Anyone's guess. Last year I lagged my benchmark by about 2 percent. Much of the lag then and a bit of the outperformance now are from ARTWX, which was heavy…
@catch22 Better salaries would attract better incoming teachers. I know many talented teachers who decided to go into finance or consulting just because they weren't willing to work similar hours for such a lower hourly wage.
@msf I hold a Roth IRA with them and inside of it have most of my funds in a self-directed brokerage window. That window has access to the Pershing FundVest world of funds. I'll note that according to M* it is also available on that platform NTF. Wh…
Not totally Germaine, but I like both sites better than TIAA-CREF. one of my biggest issues with them is that their index funds are also way too expensive. Also the brokerage section is totally opaque
I read that first as twerk rather than tweet, which led to many chuckles.
A terrific and dense commentary. Still working through it, but thank you to everyone who put it together.
@johnN
>>> Why is the market overdue for a 20% correction? And then 30% in one-two years ???
Who you reading for this insight???
I read this as either/or. saying: "there will be mild bear market soon or a larger bear market after a few year…
I'm bullish, but in a mild sense, by which I mean that I decided that for this year I'd focus on paying down debt rather making larger retirement contributions, since I'm 95% in equities, but decided I'd get a better return paying off the debt this …
Another fun thing in Switzerland that you would have to plan around but is truly an amazing experience is Züri Fäscht (link in german). (it happens once every 3 years and I stumbled upon it by accident)
Currently my posterchild for the benefits of rebalancing. probably going to take half my allocation to it and place it into the grandeur peak micro cap fund when that becomes available in hopes of a slightly smoother ride. (Missed the boat on global…
As an add on to the topic of Switzerland, the Montreux Jazz festival is spectacular. Also there's a train straight up into the mountains from there with friendly small towns scattered all the way to Interlaken, and a ferry to Geneva and all the lake…
usually my preferred breakdown: april jobs report much better but...
"Of course this was welcome news after a bad March report, which got even worse with downward revisions. Still, the positive news in this report overcame even those revisions.
Th…