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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
Indeed, she has stated her Catholic faith has strongly influenced her life and decisions. Moreover, I have been in casinos and know how addictive they are--Ever watch the senior citizens obsessively pulling the levers of the slot machines?--but you …
I would probably opt for STIP for short-term TIP exposure, lower fees 0.05% versus 0.15% and shorter maturity bonds--0-5 years--so less sensitive to rising rates. VTIP also has lower fees. But TIPS in general look pricey right now.
Certainly, you are right that such contraditions are hard to avoid. But I do think that there is a difference between investing in a physical casino which someone must visit to get their gambling fix and investing in an online gambling site, which s…
Given the history here, I can't think of another investment less Christian than DraftKings, which facilitates gambling addiction. Admittedly, the ETF doesn't have a social or religious mandate, but I wonder how any manager as a religious person squa…
I think you're both right and yet the article describes how during Covid there has been a historic decrease in poverty because of government assistance programs that managed to pass during the crisis. The author concludes that these positive changes…
I'm imagining what the Upside/Downside capture ratio relative to the S&P 500 would have to be over the next five years to deliver a 40% annualized return after the longest bull market in history. You have to believe U.S. stocks are due for anot…
Climate change is real and extraordinarily dangerous to the future of humanity and the planet itself. Yet this long-short vehicle you mentioned does not sound like a good fund. Part of the reason is the difference in time horizons between Wall Stree…
If you go to the "Portfolio" tab for any fund on Morningstar and look at its "Holdings" near the bottom of the page, you can see when a stock was "First Bought" and "Share Change %" column for each holding. For instance, look at this one: https://mo…
It seems like an interesting fund, but the lack of liquidity and high fees--1.85% expense ratio on a debt fund--could prove problematic down the road. Often funds with illiquid assets mask hidden risks, as the prices of their portfolios seems very s…
Since this doesn't seem to be a fund normally listed on tracking sites like Morningstar or investable by retail investors, how did you find out about it?
This fund has a $1 million minimum investment and is an interval fund that only allows quarterly redemptions. Do you have any business or financial relationship with this fund?
https://funds.variantinvestments.com/wp-content/uploads/sites/2/2021/12…
Somewhere in the board room during the new fund pitch, an analyst stirring the leaves at the bottom of his tea cup and staring at them said, "I think it's an $800 billion Revenue Opportunity by my projections" while another looking at her coffee gro…
So now there will be six global funds--Global Stalwarts, Global Reach, Global Opportunities, Global Micro Cap, Global Contrarian and Global Explorer. My impression was that Global Opportunities was supposed to have more micro caps than Global Reach.
I have a few philosophical issues with the split--geography/industry--approach. Let's say you're a general global stock money manager with just one fund. You've got two analysts--one a global tech analyst and the other a Japan analyst. The tech anal…
@Sven It's not just "people" who are heavily armed, but a specific subset of Americans:
https://news.gallup.com/poll/264932/percentage-americans-own-guns.aspx
Thirty-two percent of U.S. adults say they personally own a gun, while a larger percentag…
Free health care and free education does not equate to healthier smarter people.
Except study after study shows that public healthcare does lead to healthier people, that in every other developed nation that offers public healthcare citizens have lo…
No, I think today is about Moderna's announcement that the existing vaccine won't work on Omicron so well. Actually, on second thought, it looks like both.
BAMBX is more akin to a hedged bond fund with a small amount of equity than a 130/30 equity fund. It has a three bucket strategy--long high quality bonds, long strong highly leveraged stocks short weak highly leveraged stocks, and a macro strategy t…
@AndyJ Yep, that sounds like good detective work. They were probably long stocks in a positive trend, and short long-term Treasuries in a negative trend. But what a reversal for Treasuries, up 2.4% on Friday: https://morningstar.com/funds/xnas/vustx…
Ouch, that's rough for REMIX. That said, I wouldn't say futures necessarily represent a "bullish bet." They're tools that can be either bullish or bearish depending on how they're used. It’s interesting, though, that a significant futures fund, AHLP…
In an important respect, the risks of owning private equity and debt are far greater in mutual funds, ETFs and hedge funds than life insurers. Life insurers have long-term floats or capital bases as people don’t “redeem” their capital until they die…
Silent consfication thru silent tax called inflation take from producers and those who work
And what do you call it when companies extract ever-increasing profits from their employees for forty years without paying them a living wage while their CEO…
@Baeball_FanWhere are the adults at the Fed, White House and Treasury?
I'm sorry, but what does the White House have to do with insurance regulation? Or for that matter, the Fed or Treasury? Insurers, by and large, are regulated by individual states…
As long as you're comfortable with the fact that 33% of the fund's portfolio is in these two stocks--CRH,19.41%, and Flutter Entertainment,13.82%--then it could be an interesting play.
Hussman is the listed manager on each of his funds and runs a small boutique shop. Grantham at his age I don't think is the manager of any of GMO's funds and there are considerably more employees: https://gmo.com/americas/people/
If he is not listed…
@Sma3
I still dont understand why they feel it is their responsibility to fix it.
Here's why:
https://cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html
A pity that this guy has to be hocking his investment program around Grantham's advice. The question of when we have a crash is hard, perhaps impossible, to answer. Grantham's been right a few times timing wise--2000 especially--but wrong a lot late…
I don't think asking what if is the same as making a prediction. A bear market has to happen sooner or later, but I don't think this discussion or the articles have put a specific predictive timeline on it. The better question is trying to predict …
There is a lot of fear mongering about the economy and inflation for obvious reasons, but I don't see a lot about the stock market. I think Roth is right to get people to try to conceptualize the risks even if a little ham-handed. Here's Zweig on th…
Hey when I look at the trailing p-e of QQQ and it’s over 40 and the trailing p-e of IVV and it’s over 33 when the long-term average for stocks is about 15, it seems surreal to me. And this isn’t off trough earnings either. This is after massive amou…
These will be run by Eaton Vance defectors from their Eaton Vance Global Macro Absolute Return Fund:
https://morningstar.com/funds/xnas/egrax/quote
https://funds.eatonvance.com/global-macro-absolute-return-fund-eagmx.php
Michael A. Cirami—Mr. Cir…
I believe the reason REMIX/BLNDX did well during the downturn is it shorted oil, which collapsed in 2020. I also believe it always has at least 50% exposure to stocks. Not positive about this, but if that's true, it should produce decent returns dur…
To buy a house costs more, but to rent an apartment in a big covid-wracked city costs less than before the pandemic in many cases:
https://cnbc.com/2021/05/08/us-cities-where-rents-are-going-down-apartment-guide-report.html
https://zumper.com/blog/…
