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.
davfor - Don't fight the Fed is an old, but reliable adage.
http://mutualfunds.about.com/od/wheretoinvest/fl/What-is-the-Meaning-of-Dont-Fight-the-Fed.htm
And like the US Fed, other countries are lowering their rates as well, some below zero, in a…
From my point of view, there is always something being undervalued or unappreciated in the market making it worth my consideration as an investment. Since my cash and I are partners one of us has to work. Since I've done my share of work, cash is no…
Hank, what you and icyone added is really the guts of this discussion. Try to live healthy and well and spend less than you earn or take in. The big gotcha which has destroyed many a well thought out or best laid plan are those unexpected healthcare…
Towards the end of April I added to Apple, Gilead and POAGX
In a lateral move I sold CNP and bought SO. Better dividend yield and better dividend growth prospects.
Well, even though SDY currently pays out a dividend yield of 2.25% most of the dividend investors I'm aware of would scoff. When screening for dividend paying candidates many dividend growth investors use 3-4% as the bottom line and that puppy bette…
Maurice -
You might be right about vehicle payments. Also maybe repairs and maintenance.
I eat a pretty normal, balanced diet. A little bit of everything basically except cooked mushrooms or liver.
Breakfast - eggs & bacon or oatmeal,fruit and…
Just a few quick thoughts and then I will return to edit later.
Housing - might be fairly accurate if utilities are included.
Transportation - a quick and dirty calculation at $2.50/gallon of regular buys one about 2700 gallons. In seven years of c…
Sad. Absolutely a blues legend. Sleep well BB. I wonder if Lucille will be moving on with him.
Edited to add this article from the NY Times:
http://www.nytimes.com/2015/05/16/arts/music/b-b-king-blues-singer-dies-at-89.html?emc=edit_th_20150515&am…
Just the opposite in my neighborhood. Newer or revamped restaurants offering fresh ingredients, produced locally, w/o any added enhancements of any sort are seeing an uptick in patrons but for the most part more meals are being prepared at home with…
Bee yes, it's true what you say about the tax treatment. As for the k-1's, TurboTax handles them easily, automatically in many cases, so I have no issues there although others might. I confess to also holding most of my MLP positions in a Roth IRA a…
@Bee - Wow! Always ahead of the curve you are. Back then it seemed like investments were all about Tech and not so much Health Care. Good move.
I'm still catching up in that regard with the bulk of my assets in Energy related issues who's dividends…
From Wikipedia: Simultaneously denying and confirming his reputation, Berra once stated, "I really didn't say everything I said."
And lest we forget "Always go to other peoples funerals, otherwise they won't go to yours."
So now I'm wondering if any of the board's participants, or their parents, own LEXCX.
Edited to add: Just for giggles I charted an investment in FCNTX on the day Will Danoff became the funds manager (09/17/1990) vs. LEXCX. They are different funds …
This is an old article, ownership concentration is probably even worse these days. Who owns the major news outlets:
http://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6
Were all the other 3rd years since 1947 preceded by a 6-yr rising bull? Also, if I'm not mistaken, we still have roughly 7.5 months to go in this 3rd year.
Well that's just crazy talk Catch. If you go to France you might learn or discover something new like a language or culture or who knows what else. No one wants that.
New Zealand, Tuscany, New Zealand, the countryside of Japan, Vietnam or Thailand, New Zealand, Austria and Cuba because now we can. I'd most definitely select Australia if I hadn't just been there (but I'd go back in a heartbeat) so instead you migh…
@ Scott - Thanks for the heads up on BPY, I'll give it a look-see. Interesting considering they had a headquarters in my backyard for some time. I'm actually kind of full of REIT's but I like shopping sales and I don't have much in the way of foreig…
Yet none of these articles ever mention that investors who invest in actively managed funds are 'active' themselves and that they don't stay with their actively managed funds when their performance starts to falter. To each their own.
"Think about …
davfor - I read that book. It's most excellent and interesting. Social groups and exercise made the list along with fruits, veggies and nuts. Fish yes, red meat not so much.
Dex you said "For you younger people hoping to retire comfortably - give up the dream." I'm saying that people will find a way. It may not be your way or my way but they will find a way.
As for my poor example, following those market crashes or oth…
Dex, I read your post clearly the first time. I guess I used a poor attempt at an illustration of how are we ever going to be able to retire to show problem solving and for lack of a better term, the American Way. Forgive me if I do not go out and t…
I think you mean well Dex but I can't help but wonder how that mindset would have worked coming out of Black Tuesday (Great Depression), Black Monday (crash of 1987) the last Great Recession or any number of hard times. Truly some will give up at an…
Scott - +1. The compositions of funds like these and similar always give me pause. As you noted, you get the A-list and the rest. Also, and I think I speak for both of us in this regard, when 'yield' may provide the greatest attraction these collect…
About LPEFX, with a 5.5% front-end load and a 1.59% ER I personally don't find anything interesting about this fund at all. That'a a 7.09% deficit from the start that an investor w/o access to a load waiver has to jump over to even begin to make any…
Don't you just hate dumb articles. Anyway, these might help answer England's question.
Berkshire Likely Not Last Insurer To Face SIFI Scrutiny
http://www.law360.com/articles/503799/berkshire-likely-not-last-insurer-to-face-sifi-scrutiny
Berkshire …
Do you keep hearing crazy voices? Turn off Fox News. IBD is the print version. Although, someones suggestion to throw away the first section and peruse the second has merit.
Come on John, you're a smart guy. I know you can do better.
You implied that Mr. Buffett (btw it's 2-t's, not 1) games the tax code like only he can do. Who out there games the tax code to pay more taxes? What other wealthy individual doesn't do th…
So if I understand the last two comments Warren Buffett or Berkshire Hathaway if you prefer, alone and/or through their henchmen, are forcing consumers to buy insurance through Geico and their ketchup from Kraft. They are also responsible for obesit…
Typical Barron's mush.
Since when does one's net worth have anything to do with how high one's tax rate is or should be? And what does Mr. Buffett's relationship with President Obama have to do with how much tax he pays?
For years Mr. Buffett has …
@Scott - about those EPD insider purchases (p.s. a huge holding of mine as well)
http://www.businesswire.com/news/home/20150406005788/en/Enterprise-Products-Increases-Loading-Capacity-Houston-Ship#.VSVAbVw-BsM
Just when I thought you might have reached your limits of bigotry, foolishness and idiocy I now know there is no bottom to that hole. What a disgusting human being.
Scary indeed! I'm curious to know how you would explain all of these events in lieu of the fact that there is no such thing as luck. In a bone dry severely droughtened state, you just so happened to receive a little rain the night before. You, left …
