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I usually watch the weekly Wall Street Week episodes.
It's a good show but I still prefer the original incarnation with Louis Rukeyser.
Those were the days!
Big PK fan. Thanks for posting.
But, Larry --
Paul Krugman strongly dislikes Donald Trump, the greatest President ever, who is Wonderful in Every Way!
How could you be a big fan of someone like that???
I get it, yes.
It has always struck me that many people (and I'm not saying you) are far more worried about the absolute safety of their money than they are about the absolute safety of their own lives. If they were half as worried about their own …
You make a good point. I guess I treat these risks the same as I do the risks I take every time I get in a car -- real, yes-- but I don't really think about it, and the chances of me getting into a bad car wreck are much, MUCH higher the the chance…
The nice thing is that the Fed tries to be as transparent as possible. They actually broadcast and tell you what they are going to do. I think you'll have plenty of time and info to make a wise decision.
The money market I am in at Wells Fargo is WMPXX. Its 7 day effective yield is now 5.59%. I see no reason to buy a CD with this money right now.
https://www.allspringglobal.com/investments/mutual-funds/fund-profile/overview/?accountingId=WBC7&s…
And with that in mind, bond funds will make a lot more money than CDs.
That's the beauty of owning MM on the way up, and owning bond funds when rates go down. After rates stabilize, CDs still will not be great. The idea is to make a lot more money …
I think that might make sense if you don't have any kids and you plan on spending as much as possible before you die. Otherwise I think you should do as well as you can with your investments, realizing that the true investment period surpasses your …
How long will it last, and where will it peak? Those are the questions. The consensus seems to be that it will only last for about a year, not more than 2, and that it will peak around 6%, maybe a little less and not more than 6.25%. That's a very s…
I haven't bought any recently, but I might as well confess the truth: I have had it for a couple of decades. I'm pretty passive about selling, but I did let go of a piece on Friday.
I will answer my own question here. Based on a final value of $24.75 and Tuesday's close of $33.25, Yahoo is correct and Morningstar is wrong.
(update - Morningstar has corrected their number)
On a recent Wealth Track, David Giroux said "I think people are going to make a ton opf money in Utilities", and he recommended moving money from Consumer Staples into utilities. If I remember correctly he highlighted Next Era Energy as one of sever…
From a common sense perspective, if one's goal is to be agnostic about the fortunes of any one company, why would you want to invest a lot more money in to some but not into others?
But also, it's axiomatic that you should let your winners run, and…
Further, the investor would have less flexibility in selling off a CD (basically, all or nothing on a per-CD basis) as opposed to a bond fund where one can sell as little as 0.001 shares. In addition, the investor would take a big hit on the bid-ask…
On one hand, I'm an enthusiastic proponent of CDs at 5%+. It's fun (for weirdos like us) to get that guaranteed money. No risk, no losses, no stress.
OTOH, being realistic, real returns even before, but especially after taxes are not going to be mu…
Michael Santoli, Senior Markets Commentator at CNBC, has been pointing out the relative outperformance lately of the equal-weight S&P 500.
https://stockcharts.com/freecharts/perf.php?spy,rsp
The chart seems to show the opposite.
I think Yogi answered the question. It's absentin QUAL because it is not in the pond they are fishing in.
Looking at QUAL vs. JQUA, I think JQUA may be a better choice.
The most glaring difference from the S&P500 for both is the absence of Tesla.
If the rates become very low, then the penalty will be much easier to accept. for example if the rate were 2%, the 3 month interest penalty on your $10,000 I-Bond would be $50.
With respect to mutual funds, I do consider diversity a virtue, but some investors like lack thereof, i.e. concentration.
Diversification in investments is certainly a virtue. (The only free lunch on Wall Street).
I was talking about conscious, …
Don't get me started with morningstar. They change up things on their website all the time. Plus, their supposed experts who review mutual fund companies, is flat out horrible and biased (why would they want to upset the very companies that make u…
I was assuming passive shareholders. My point being that one set of passive owners compared to another has no effect on a business; whereas a lack of customers certainly does.
Specifically in regard to fossil fuels, there is no one in this country who doesn't use and benefit from petroleum based products on a daily basis, so to draw the line at ownership of the company is rather ridiculous.
Exxon doesn't care who its own…
Understood. But the assumption they make is that all people of good will can agree on certain values:
Fossil fuels are bad.
Gun manufacturing is immoral.
Making alcoholic beverages is morally wrong.
Diversity is a virtue, and lack thereof is un…
Also irritating is that along with all the reduced functionality, they are cheerleading for the importance of "sustainability", providing lots of unwanted data about it, and hoping so hard that it will prove to be a factor that increases returns.
TYVM for the info.
Checking to see how a portfolio is doing on an intra-day basis is arguably a pointless activity that one should not be engaging in anyway. But it can be somewhat amusing -- for a certain kind of person.
Don’t let politics guide your investments, although it’s admirable to have a moral compass. One of my best performing funds, PRBLX, could be described as “woke,” and that hasn’t hurt its returns. In fact, all of the Parnassus funds have excellent ri…
I did run into an ETF, the American conservative Values Fund ACVF but looking at their holdings, I don't think they avoid wokeness very well.
@Shostakovich, I believe you are right. Especially as to mutual funds.
Some smaller companies may avoid i…
Are you saying you want companies that don't apply fundamental anti-discrimination laws: https://ftc.gov/site-information/no-fear-act/protections-against-discrimination What exactly are you seeking? For most companies that's all "woke" really means.…
@MrRuffles It's not just one specific position, but your point is well-taken.
Warren Buffett has said that if you look hard enough at any company, you're going to find some things you don't like about it.
I would just prefer it if I had to look a…
"Woke" generally means having a strong emphasis on (what they call) social justice, inclusiveness, diversity, "climate justice", "anti-racism", opposition to "white privilige", LGBTQIA+ "Pride", etc.
I think the largest big company that hasn't boug…
Thanks, Dennis. I see Texas Pacific Land Trust on the company site, at a whopping 37.8% of assets. So that must be it. For some reason, that holding is missing from the holdings listed by Morningstar.
