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.
@rforno - CHSCN ( 7.10%) actually got down to $23.80 today but closed at $24.31. I'm not understanding why they're selling off when they usually trade at a premium to par.
Scratched an itch today, it was too hard to just watch it and do nothing. I added to two preferred shares I've held for a long time CHSCL ( 7.50%) and CHSCO ( 7.875%).
@hank -
Warren Buffett on diversification:
"Warren Buffett has famously said he is against diversification. "Diversification is a protection against ignorance," Buffett once said. "[It] makes very little sense for those who know what they're doin…
"When bears turn to bulls, the garbage and most beaten down initially rally the most. — Paul Schatz ”
I'd like to see the data and/or white paper that backs up that statement.
From Heather Cox Richardson's daily missive:
"Still, after all today’s news, the final word belonged to Pelosi. On a video from January 6 released tonight, she is seen reacting to the news that Trump was intending to go to the Capitol, the seat of …
@Baseball_Fan -
You said "We as humans are not generally wired to hold thru large downdrafts...I saw many corporate types happlily retire in 06' then come crawling back begging for their old jobs in 09'...they weren't real happy, nor real motivated…
I don't know, define too often. I treat my portfolio like a garden. Neither probably needs my fiddling on a daily basis but I enjoy looking just the same, just in case. YMMV.
From the Dodge and Cox website: "Class X shares are now available to eligible defined contribution plans. The current shares held by shareholders will be renamed Class I shares, which are open to all investors."
Dodge and Cox
@OJ - how does the wife take to your ranting at the dinner table?
Too bad about BART. When I used it 1986-97 I thought that it was a pretty slick way to get around. The trains were always clean and on time. Hate when these things happen.
I can't spell it but I can smell it. I'm sitting here trying to imagine what might have happened had I ever tried telling any of my customers or clients that their bill for services was actually 2-3-4-5 X what we contracted for. Yeah right.
Typically a 'margin' purchase occurs when you don't have enough available ready cash in your brokerage account to make the purchase. Did you?
Buying on Margin
Back in the 70's and 80's I doubt that anyone tuned into a Dallas football game to watch the actual game when all the action was on the sidelines. Maybe it still is.
Sometimes it pays to be lucky. I've been picking up shares of Store Capital (STOR) by bits and pieces even after Berkshire disposed of their large stake a few weeks ago. Today STOR popped up 20%+ on a buyout offer from a private equity firm. I'll ta…
Please let us all know how that hard loading worked for anyone who risked it. The following is from Fidelitys quote page:
"FNGU's Prospectus stated objectives:
The investment seeks return linked to a three times leveraged participation in the daily…
I'm looking at this chart very simplistically (i.e. just the technicals) and I have have done zero point diddly fundamental analysis of the stock or company. The price seems to sit right where it was in June 2020. It nearly doubled from there by Aug…
