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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
Thanks, Old_Joe. The question then becomes from a valuation perspective, are these risks priced in already to foreign stocks or not? It's also worth noting that there is a distinction between a company being domiciled in Europe versus a company doin…
I wonder if any of T. Rowe's U.S. and foreign small-cap growth funds will reopen like PRIDX or PRNHX or OTCFX. Another fund that's been perpetually closed is WESNX.
If you like PRHYX, you could buy HYB instead as T. Rowe also manages it, but the risk is that it’s leveraged and as a close-end can trade at a premium or discount to its portfolio value. Currently, it trades at a discount, so it’s interesting. The l…
Corporate financing is I believe similar in determination to that of individuals, based on credit history and cash flow. Depending on the environment and type of debt, lenders want borrowers to have the debt be below a multiple of cash flow or in te…
Agreed, but is the mean reversion price/return based or valuation based? If it is valuation based, why not go to the source of the future returns and graph the historical valuations instead of the price movements to see where the valuation gap curre…
Would it grieve anyone here to think all of that past performance is meaningless and no guarantee of future results? The only thing that matters is the present and future when it comes to the market. Unless there is something in that past price perf…
@hank .You are spot-on in debunking the attributed original source of the often cited “blood in the streets” expression, which itself varies from purported author to author. I posted not to praise condemn or describe Mr. Rothschild.
I know. I didn’…
The article uses an interesting term I rather like “quote magnet.” Certain famous people are quote magnets online for things they never said. Mark Twain is a big one for witty remarks. The Rothschild one is obviously more disturbing. I also find tha…
The other thing I would say about message boards and investing advice online is half the quotes attributed to famous people are fake as is most likely the case here with Rothschild: https://grammarphobia.com/blog/2013/04/waxing-rothschild.html I wou…
That may be the SEC’s tone, but the usual conditions of these settlements seem to have applied: In addition to Boeing's $200 million penalty, Muilenburg will pay $1 million, but neither he nor the company admits to any wrongdoing.
I’ve seen that “…
It's kind of shocking that if companies of Uber's size can get hacked by an 18-year-old--https://techcrunch.com/2022/09/19/how-to-fix-another-uber-breach/--that investors aren't more concerned about security issues. I agree regarding the convenience…
There are of course floating rate fixed income funds, but the question becomes whether loans' credit quality can withstand the rise in rates, whether some will start to default and what the recovery rate will be when they default. It's one of those …
I can only think of a handful of funds perhaps worth buying directly, and even those I question if it's worth the trouble and the security risks. If you consider how much wealth the largest tech companies have, you have to imagine that they are the …
I'm curious regarding investors who buy directly from fund families in 2022 like this one: How much does security concern you? How do you feel about sharing your social security number and birth date with yet another financial institution and entrus…
What is so awful here is both the victims and the victimizers are abused. An excerpt from the longer article:.Fan’s descent into forced labor began, as human trafficking often does, with what seemed like a bona fide opportunity. He had been a prep c…
Nothing definitive regarding my five--OK, really 2, maybe 1--cents, but my feeling is: 1. The selloff hasn't been that bad compared to others I've seen. 2. We haven't seen any major defaults yet from the rise in interest rates. 3. Valuations still a…
@hank Good! Makes investing more interesting. I think unpredictability is good in sports and works of art, but am less enthused about it for the finances of millions of Americans whose retirements are tied to securities markets. It’s one of the re…
The perpetual problem is that investor sentiment can be a contrarian indicator. Supposedly, one wants to buy at the point of maximum pessimism and sell at the point of maximum optimism. But how can you know when we’ve reached those points? Only in r…
It's often hard to tell what many alt funds' true risk exposures are because of their derivatives usage so that a relatively tiny position asset wise in a stock futures or options contract can have a dramatic impact on returns. I would recommend go…
@fundly There have been a number of articles on this subject. Here's one: https://investopedia.com/financial-edge/0512/how-large-corporations-get-around-paying-less-in-taxes.aspx
Here's one attempt at calculating the effective tax rate of the wealthiest Americans over time: https://taxpolicycenter.org/taxvox/effective-income-tax-rates-have-fallen-top-one-percent-world-war-ii-0
Because of all the loopholes, it's a difficult e…
@Baseball_Fan Most of the evidence I've seen is that the increase in SNAP payments has been a response to not a cause of food inflation. People are having trouble making ends meet. Show me definitive evidence otherwise. There is corruption on every …
Agreed, but the idea that helping the poor with food stamps is somehow the primary or even a major cause for the current inflation is completely false.
@Baseball_Fan without getting into a political debate...would you agree that policy could also drive inflation regardless of interest rates...i.e, increasing SNAP food program by 25% last October
As soon as you make that statement, you've entered a …
If we have a hard landing, he'll be right. If not, he'll be wrong. The notion that inflation is untameable and that these rate hikes don't matter is misguided. They will have an impact. The question becomes whether the Fed overshoots the mark becaus…
@Old_Joe I agree about the voters, but are we counting the period before the constitution as "several hundred years" or just the 235 since? It is unfortunate that our still wet behind its ears democracy--or "republic" as right-wingers frequently lik…
I suppose if volume is low and the bid-ask spread is wide, you can hold to liquidate at NAV, although my impression is a few days before liquidation some ETFs often go to cash, which might mean if there’s some bounce back, you could miss it,
If you have a loss in RWGV in a taxable account, I would definitely recommend selling to harvest the loss for a write off. If not, I still think it seems like a gimmicky fund you could probably do without and may soon close and liquidate as you susp…
Pretty funny to complain about public workers, some of whom such as teachers are dramatically underpaid, “suckling on the teet of the taxpayer” in a thread about a fund with a manager who if not a billionaire is certainly a multimillionaire while co…
I wonder how a financial analyst would model the risk of and ultimate impact to stocks and bonds of the U.S. becoming a fascist dictatorship? The sad thing is, I could see some members of the Street not minding at all, although I have to think that …
