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.
It's hard to believe, but I think it's been around 8 years since I first interacted with Ted on this board.
In that first exchange, he told me he was not impressed with my blog and questioned my veracity :).
In my last exchange, Ted …
I thought we were all millionaires here :)
Anyway, accepting the premise that we want to pull truly obscene wealth back away from individuals for the good of society: Wouldn't it make more sense to do it on an annual basis at whatever rate is deeme…
@catch22 the line broke at an unfortunate place in the sentence, and I think you missed seeing the word "tax".
@LewisBraham Remember, under the annual wealth tax system I am proposing, society would be constantly calling that wealth back in. We co…
I actually think a wealth tax is a great idea. An annual tax of maybe about 3%. But it needs to be coupled with the complete elimination of the inheritance
tax. Much less onerous and disruptive to the taxees, and probably would raise more revenue o…
This sounds like a rhetorical question, but it's not. I would truly like to know:
How can the people running the Morningstar website be so stupid? They can read. They have had plenty of honest feedback from their users. What are they doing? They co…
@Simon Yes! that is exactly what I was missing. Thank you!
What a useful link. So it's right there for Morningstar to offer its users, and yet the geniuses who set things up have made it invisible without a work-around.
Once I've followed your link…
I am a past subscriber. The 2 biggest bad changes I see are:
1. The loss of the feature whereby one could compare year by year results of 2 or more funds
2. The loss of the feature whereby one could click and see the day's results of the stocks he…
I don't know any details of the Purdue Pharma case, so I cannot discuss it intelligently. (One is not required to have an opinion on every topic). If it happened as you say it did, then they were certainly bad actors.
As an aside, I will say that …
A few thoughts that I have neither time nor energy to craft into coherent prose:
The pharmaceutical industry has discovered and produced many, many drugs that are a huge boon to mankind.
The industry pours vast oceans of money into research, most …
But don't forget it's now very easy to get the "Carbon Risk Score" and the "Fossil Fuel Involvement" rating -- two very crucial data points to consider when evaluating a mutual fund.
Seeing as DSENX invests in those sectors that are the cheapest, I would it expect it to be less volatile than the market and that it would resist downdrafts better. Why don't the numbers play out this way? The downside capture ratios are all slightl…
I never considered investing in this fund. The high fee alone would have kept me away. And I personally never found him charming. When he stated on Wealth Track that very few people were left doing the work of analyzing individual stocks, I thought …
Ok, so if you are a citizen of Ireland, then indeed, he is not your president.
For us who are US citizens, he is our President, whether we like him or not.
(Although, honestly, I don't know how anyone wouldn't love the guy.)
He is not a PRESIDENT of anything other than his own personal real estate portfolio and the Trump "brand".
Is he not the President of the United States?
For two more yours we're going to hear how unpopular this president is. Then, after he is easily re-elected in 2020, we'll have to listen to how low his approval rating is for another 4 years. Seems like no one likes him except for the voters.
best 3
WWNPX +22.52 --This fund has an outrageous management fee of 1.64%, has a large cash position and an extremely high allocation to a land holding company as its top position. I really can't recommend it.
POGRX +17.50
FCNTX +16.85
worst 3
…
Not that it makes any difference to me, but M* says that Ferguson, Accenture, Schlumberger, and Millicom are US companies, whereas FMIJX says the companies are from Jersey, Ireland, Curacao, and Luxemburg respectively. So I believe FMIJX claims to b…
Thanks, Bee and Ben for your insights. It's funny that the very next day after Bee posted his suggestions, I got a report in the mail from FMIHX that included
FMIJX. Also M* recently ran an article "3 Superior Core Foreign Stock Funds". The 3 were …
The taxable earnings cap should be eliminated immediately. It is simply nuts that it still exists.
At the same time, let's let everybody earn the first $10,000/yr Social Security tax-free.
Do you think maybe the significance, importance, and inten…
@VintageFreak Why don't you expect it to be around? When do you expect to retire?
Yes, I'm sure you'll be fine financially with or without it, but it will definitely be there for you. You might as well look into it.
It's really no different from walking into a book store and shoving a book under your coat and walking out.
Well you're definitely incorrect about that, Lewis. if you steal a book from a bookstore, then they don't have it anymore.
Thanks, everyone for the responses. I guess the answer is that the term does have a meaning or meanings, sort-of. I had wondered if it were a term of art and no, it isn't.
For a while I even mused whether a special equity fund was a fund that inves…
@Ted @Kaspa I like the idea of Value averaging. Thank you. I may have re-invented the wheel, because in my ruminations I have thought of the same idea.
The problem arises when the value of the investment becaomes so large that you are unable to com…
I did a google search and found this:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2008465
It's a 26 page paper, and I haven't read it -- but this is exactly the sort of thing I had in mind.