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.
@PRESSmUP Holdings in the chart are as of March 31, 2015. There may have been a few changes since then.
@Dex Maybe this is a good thing? [of course, junk declines often foreshadow broader mkt corrections, so when I suggest "good" you're probably th…
Well, the Cubs qualified for the playoffs last week, so just one more week of play to determine placement. We can only hope they learned their lesson and will prohibit all spectators at home playoff games from wearing any headsets or earpieces! :) …
@scott
Yellen will be O.K. Probably some hot lights, poor air circulation, and dehydration; and, at her age, on a given day, the body may not like that abuse and "express displeasure." I read that she was able to continue, and finished the rest of h…
And then there are the great players, who win many MVP awards despite not having the good fortune to be surrounded by many other great players, who never play in a World Series yet have to go to Hall of Fame reunions surrounded by other Hall members…
I think it's interesting to note that Chairwoman Yellen, after delivering these remarks, had to sit down and was unable to finish her speech because she suddenly didn't feel well. Some people have no problem with looking other human beings in the ey…
Another price gauge on a rarely-needed, yet critically important drug, was rolled back yesterday:
http://www.nytimes.com/2015/09/22/business/big-price-increase-for-tb-drug-is-rescinded.html?ref=business&_r=1
@PRESSmUP
And now, for y'alls viewing pleasure, a video to watch the man in action (gloves, boots, face mask, and shovel highly recommended):
http://www.bloomberg.com/news/videos/2015-09-21/why-turing-increased-price-of-daraprim-over-500-
well, if it isn't easy being a cash investor, then maybe it would be easier being a cash borrower--- make like you're a corporation.
Party on, corporate dudes!
At the end of article:
"You should favor exchange-traded funds over mutual funds; the managers of ETFs don’t have to raise cash to satisfy departing investors."
Huh? I don't understand.
Yes, and another change is coming down the pike, one we touched on several months ago--- robotics.
http://www.economist.com/blogs/babbage/2014/09/robot-jurisprudence
WHEN the autonomous cars in Isaac Asimov's 1953 short story “Sally” encourage a r…
Tecla HQL has a distribution rate at price of 7.59%, and Tecla HQH's is 8.22%? Very interesting. I did not realize they had become this high.
z-stat useful here? Hmmm, perhaps, but how much?
Anyway, for those interested in the discounts-as-awesome-…
@VintageFreak said
Who cares about the investors in our funds? ...sorry, scratch that, just thinking aloud
No, don't scratch that question; no apologies necessary. It is precisely at these turning points when we need to start to scrutinize just what…
from the Vanguard study, on which this blog note is largely based:
On average, by how much does LSI outperform DCA?
To calculate the average magnitude of LSI outperformance, we calculated the average ending values for a 60%/40% portfolio following …
@Crash Well, having many of these in a trad. IRA certainly simplifies the how's and why's re. maximizing the positive effects of any big trim (presumably, after a nice gain?). If you're settled on having another TRP fund, and "but what?" is the prim…
What they mistook as unprofessional behavior was instead free, un-varnished, un-professional (but not un-informed) advice. Perhaps they chose not to take the MFO advice under consideration, because it wasn't consistent with their modus vivendi (i.e.…
@BenWP LOL, that happened to me at the pharmacy Monday. One tiny change in the Rx label format and.... well, you know, it only takes one slight bend in the card stack to get a "fatal error message."
@bee yup, ya won't be scrunching POAGX into any st…
Hey, you guys be very careful with that stylus pencil. I took only a quick glance, but for a split second became Maxwell Smart. I was in a phone booth. Barbara Feldon was outside, rapping on the glass, saying "C'mon out, Max; you know everything's g…
POAGX. Midcap Growth. Hmmmm.
Mkt capitalization of holdings, as % of portfolio (6/30/2015):
Giant 9.40
Large 21.13
Small 27.44
Micro 15.73
///TOTAL NON-MC: 73.7% of POAGX portfolio///
@Ted
Yes, I do not understand why this post was placed in the TQ category, yet I do not see a question mark or anything phrased in the form of a question. Perhaps you could correct that before I awaken, after you've finished your morning cup of Joe…
@Old_Joe said
We tend to look at YTD because it's a convenient and fairly common starting point for comparing numbers
Yup, but I noticed something last week, when someone (it may have been you) posted a half-dozen MF returns, all of them slightly po…
But the CEO of one company on this list wants to stay very much in touch with his customers' hearts.
from Tony Sagami's weekly newsletter, Connecting the Dots:
" Starbucks CEO Howard Schultz told his 190,000 employees in his daily “Message from How…
@andie1049
On the M* chart of HFXIX's performance, a dashed vertical line appears in 2013. Below the chart, it is noted:
"This fund experienced a significant change in its investment strategy and/or legal structure as of 08/30/2013."
Do you know wha…
No, because the risk/reward ratio from listening to them anymore does not have a positive skew for me, IOW the probability of injury to my mental well being is now higher than what I'm willing to risk. It's like listening to Sarah Palin; sooner or l…
@Ted Stop, put down your pencils, do not continue to the next post! Where's the link? [then, go back to the kitchen and do it right; it's the bean bag labeled "Caff", not the one labeled "Half-Caff" or "DeCaff"] :)
@David_Snowball Why did you have to go and splash cold water on such a tender moment of bonding? The stroke felt so good, it felt so right......
Actually, his colleague, Josh Brown, posted something similar to his blog. They must have had lunch tog…
Why not come out and accurately describe what really went down on Monday? One of my second cousins uses very colorful language, for which I am one of the few to grant full artistic license. He would describe it so: on Monday, ETFs shit the bed!
htt…
I would prefer a fund that does not have to be in junk bonds, that can be more flexible. OSTIX fits the bill for us.
@BobC I don't understand that statement; I think you intended to write something else. Except for 15.6% cash, and a minuscule 1.9% …
Looks like China's Plunge Protection Team took the day off. Shanghai Comp down -8.75%, now in the red YTD. Whoopsie! Nikkei, Hang Seng, Topix--- all ugly. And.... Europe takes the baton w/o missing a stride.
Ladies and gentlemen, if you have not al…
Similar sentiments have been expressed several times on the MFO Board during the past year, without challenge. The only difference of opinion I can recall was that Junkster wanted a 10-ft pole of separation, whereas I wanted the comfort of a 20-foot…
For those who pine for relatively free and honest markets, where valuations bear some relation to fundamentals, and where there is ample value premium to be captured by managers committed to deep value investing (and the fact we have created special…
1. For an interesting and slightly different take on many aspects relating to the Chinese currency policy change, here is video commentary on the matter from Andrew Foster, CIO of Seafarer Funds:
http://www.seafarerfunds.com/video/2015/08/changes-t…
